58:12
The regeneration of the Purley Cross Island Site.
Financial health, per its FY2024 accounts
The accounts state that the charity had no free reserves at the end of the year, although total net assets were £3,334,189. Donations were sufficient to cover expenses, and the directors confirmed that resources are adequate to continue as a going concern with support from Purley Baptist Church if needed.
What the accounts disclose
“The charity is currently building up funds to support the future development of the site. The charity had no free reserves at 31st December 2024.” — page 4
Trustees
- Rev J Collinschair
- Benjamin Kwatekwei Quartey-Papafio
- Heidi Allen
- JOANNA CLAIRE WALKER
- Jennifer Hazel Giles
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £41k | £4k |
| 31/12/2023 | £68k | £12k |
| 31/12/2022 | £102k | £39k |
| 31/12/2021 | £49k | £30k |
| 31/12/2020 | £41k | £33k |
Common questions
Is 58:12 financially healthy?
Per its FY2024 accounts: The accounts state that the charity had no free reserves at the end of the year, although total net assets were £3,334,189. Donations were sufficient to cover expenses, and the directors confirmed that resources are adequate to continue as a going concern with support from Purley Baptist Church if needed. Its FY2024 accounts were audited by Shaw Gibbs (Audit) Limited.