SPURGEONS COLLEGE
To advance the Christian religion in accordance with the beliefs and practices of Baptists and the interpretation of such beliefs and practices usually called evangelical, in particular through the provision of education, training, vocational peparation and support to Christians for mission and ministry.
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a deficit of £2,239,201 for the year ended 31 July 2024, with unrestricted free reserves falling to £232,793, which is significantly below the governors' stated policy target of £1,587,000. Per the trustees' report, the charity is heavily reliant on a prospective partnership and fundraising campaign to secure resources, acknowledging a material uncertainty regarding its ability to continue as a going concern.
What the accounts disclose
“In the 2023/2024 period, 98% expenditure was on charitable activities and 2% on generating funds (2022/2023, 98% and 2% respectively).”
“The governors have determined that the optimum level of free reserves should be sufficient to cover six month’s budgeted operational expenditure, which equals £1,587,000.” — page 16
“As stated in note 1, these events or conditions, along with the other matters as set out in note 1 indicate that a material uncertainty exists that may cast significant doubt on the company’s ability to continue as a going concern.” — page 20
“The salary and employer’s national insurance contributions paid during the year in respect of the College Principal (who is also a Governor of the college), in respect of his teaching and administrative duties, as authorised by the Articles of Association, amounted to £61,809 (2023: £51,242).” — page 38
“The College has two loans with the Baptist Union Corporation (see note 11). During the year loans totalling £0 (2023: £2,328,136) were repaid. The total amount outstanding as at 31st July 2024 was £673,343 (2023: £668,307). The College also received Baptist Union grant money for the year totalling £48,399 (2023: £53,601). A staff member is also the moderator of the Baptist Union Corporation Council”
“During the year donations totalling £3,100 (2023: £1,080) from the trustees were recevied by the charity.” — page 40
“The College has two loans with the Baptist Union Corporation (see note 11). During the year loans totalling £0 (2023: £2,328,136) were repaid. The total amount outstanding as at 31st July 2024 was £673,343 (2023: £668,307). The College also received Baptist Union grant money for the year totalling £48,399 (2023: £53,601). A staff member is also the moderator of the Baptist Union Corporation Council”
“During the year donations totalling £3,100 (2023: £1,080) from the trustees were recevied by the charity.” — page 40
“The College has two loans with the Baptist Union Corporation (see note 11). During the year loans totalling £0 (2023: £2,328,136) were repaid. The total amount outstanding as at 31st July 2024 was £673,343 (2023: £668,307). The College also received Baptist Union grant money for the year totalling £48,399 (2023: £53,601). A staff member is also the moderator of the Baptist Union Corporation Council”
“During the year donations totalling £3,100 (2023: £1,080) from the trustees were recevied by the charity.” — page 40
“On 29th April 2019 Spurgeon’s College Development Limited was incorporated as a wholly owned subsidiary of Spurgeon’s College. The company has been dormant since incorporation and will be used for future College development projects.” — page 5
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → material uncertainty (FY2024).
Insolvency history (Companies House)
Corporate structure
- Registered company of the charity Companies House 04418151
Company officers (Companies House)
- STOKLEY, Helen, Rev on trustee list
- MHLANGA, Charmaine on trustee list
- WHITE, Michael on trustee list
- EDWARDS, Jonathan Page, Rev on trustee list
- SHERRINGHAM, Neil Anthony on trustee list
- DAVISON, Stuart William on trustee list
- STOKLEY, Helen May
Structured financials (annual return, FY ending 31/07/2024)
Trustees
- Charmaine Mhlanga
- Helen Stokley
- Michael White
- Neil Anthony Sherringham
- Rev Jonathan Page Edwards
- Stuart Davison
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | — | — |
| 31/07/2024 | £1.1m | £3.4m |
| 31/07/2023 | £1.2m | £3.3m |
| 31/07/2022 | £1.2m | £2.3m |
| 31/07/2021 | £1.9m | £2.3m |
Common questions
Is SPURGEONS COLLEGE financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a deficit of £2,239,201 for the year ended 31 July 2024, with unrestricted free reserves falling to £232,793, which is significantly below the governors' stated policy target of £1,587,000. Per the trustees' report, the charity is heavily reliant on a prospective partnership and fundraising campaign to secure resources, acknowledging a material uncertainty regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Who funds SPURGEONS COLLEGE?
Funders whose own accounts filings name SPURGEONS COLLEGE as a grant recipient include THE BAPTIST UNION OF GREAT BRITAIN, HERTFORD BAPTIST CHURCH, HERNE HILL BAPTIST CHURCH, NEW MALDEN BAPTIST CHURCH, WEST CROYDON BAPTIST CHURCH.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BLOOMSBURY CENTRAL BAPTIST CHURCH | 2 | £8k |
| CANTERBURY PROGRAMME | 1 | £75k |
| THE LONDON BAPTIST ASSOCIATION | 1 | £36k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EMMANUEL, SOUTH CROYDON | 1 | £6k |
| THE ASHBURNHAM THANKSGIVING TRUST | 1 | £5k |
| THE S M B TRUST | 1 | £5k |
| BELMONT EXETER | 1 | £4k |
| WESTBURY-ON-TRYM BAPTIST CHURCH | 1 | £3k |
Charities like this
- UNIVERSITIES & COLLEGES CHRISTIAN FELLOWSHIP
- HERTFORD BAPTIST CHURCH
- BRISTOL BAPTIST COLLEGE
- CIRENCESTER BAPTIST CHURCH
- SELSDON BAPTIST CHURCH
- REGENT'S PARK COLLEGE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SPURGEONS COLLEGE | £1.1m | — | 0 | unclear | 2.0% | material uncertainty |
| UNIVERSITIES & COLLEGES CHRISTIAN FELLOWSHIP | £4.6m | — | 0 | below | — | no doubt |
| HERTFORD BAPTIST CHURCH | £345k | — | 0 | within | — | no doubt |
| BRISTOL BAPTIST COLLEGE | £659k | — | 0 | below | — | no doubt |
| CIRENCESTER BAPTIST CHURCH | £646k | — | 0 | below | — | no doubt |
| SELSDON BAPTIST CHURCH | £272k | — | 0 | unclear | — | no doubt |