KINGFISHER CHURCH
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £57,644 for the year, resulting in a decrease in total funds from £166,742 to £109,098. Despite this deficit, the trustees report a healthy balance sheet with positive net current assets of £23,976 and confirm the charity remains financially and operationally viable. However, the filing notes that ongoing maintenance and repair works for the Tredworth Church building represent a significant funding challenge for the upcoming years.
What the accounts disclose
“Our Reserves policy is that we have an aspiration to build up a reserve for 3 months operations.” — page 8
“During the year under review none of the trustees received any remuneration but two connected persons were remunerated for their key positions within the church. J. Burn was paid £41,500 (2023: £39,000) for his role as Senior Pastor and D. Burn was paid £10,617 (2023: £10,127) for his role as IT & Media Manager and Treasurer.” — page 19
Trustees
- NEAL PARKINSONchair
- Andrew Gatt
- Paula Braham
- Tessa Jane Pullar Haynes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £165k | £222k |
| 31/12/2023 | £229k | £213k |
| 31/12/2022 | £167k | £168k |
| 31/12/2021 | £185k | £159k |
| 31/12/2020 | £171k | £128k |
Common questions
Is KINGFISHER CHURCH financially healthy?
The accounts state that the charity reported a net expenditure of £57,644 for the year, resulting in a decrease in total funds from £166,742 to £109,098. Despite this deficit, the trustees report a healthy balance sheet with positive net current assets of £23,976 and confirm the charity remains financially and operationally viable. However, the filing notes that ongoing maintenance and repair works for the Tredworth Church building represent a significant funding challenge for the upcoming years. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |