CITYGATE CHURCH
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net deficit of £25,488 for the year ended 31 December 2022, compared to a surplus in the prior year. Total incoming resources decreased significantly to £713,972 from £1,458,912 in 2021, largely due to the transfer of the Southbourne Evangelical Church building in the previous year. The trustees report that free reserves of £374,635 remain above their stated policy target of three to six months of regular income.
What the accounts disclose
“The trustees believe that the charity should hold free reserves of between three and six months of regular church giving income”
Leadership, per the charity’s website
- Russ White — Lead Elder
- Tim Francis — Elder - Teaching and Pastoral
- Sean Theunissen — Elder - Operations and Worship
- Lanre Yusuf — Elder - Prayer
- Priscilla Roxburgh — SLT - Leadership Development & Social Action
- Peter Roxburgh — Elder - Leadership Development, Poole & Life Groups
- Zac Dixon — Elder - Southbourne
- Mark Truesdale — Chair & Strategy
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (18/02/2021)
Trustees
- JAMES STUART SALWAY
- Mark Truesdale
- Nicholas Beal
- Russell White
- Sean Theunissen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.1m | £1.2m |
| 31/12/2023 | £866k | £878k |
| 31/12/2022 | £714k | £739k |
| 31/12/2021 | £1.5m | £646k |
| 31/12/2020 | £657k | £625k |
Common questions
Is CITYGATE CHURCH financially healthy?
The accounts state that the charity reported a net deficit of £25,488 for the year ended 31 December 2022, compared to a surplus in the prior year. Total incoming resources decreased significantly to £713,972 from £1,458,912 in 2021, largely due to the transfer of the Southbourne Evangelical Church building in the previous year. The trustees report that free reserves of £374,635 remain above their stated policy target of three to six months of regular income. Its FY2022 accounts were independently examined.
Who funds CITYGATE CHURCH?
Funders whose own accounts filings name CITYGATE CHURCH as a grant recipient include THE BISHOP RADFORD TRUST.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE BISHOP RADFORD TRUST | FY2024 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £16k |
| THE ANCHOR FOUNDATION | 1 | £4k |
| REGIONS BEYOND UK | 1 | £3k |