HEART CHURCH
Latest income
£1.3m
Latest spending
£1.7m
Registered
2007
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity held free reserves of £13,601,921 at the end of the year, significantly exceeding its stated policy target of £250,000 to £500,000. Per the trustees' report, the group has adequate resources to continue operations, with the auditor confirming no material uncertainties regarding going concern.
What the accounts disclose
Reserves policy: three to six months of resources expended (£250,000 to £500,000) (held: £13.6m)
“The management committee have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by Heart Church should be between 3 and 6 months of the resources expended, which equates to £250,000 to £500,000 in general funds.” — page 14
Per its FY2024 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£1.3m
Total spending
£1.7m
Reserves (reported)
£13.6m
Employees
25
Trustees
- Danielle Maisiri
- Fiyinfolu Iyanuoluwa Ojambati
- Malcolm Watkin Baxter
- Matthew Jones
- Muhumuza Bruce Kakimpa
- NIGEL CHARLES GALE
- Olajumoke Olubukonla Shonde
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.3m | £1.7m |
| 31/12/2023 | £1.2m | £1.4m |
| 31/12/2022 | £1.1m | £1.5m |
| 31/12/2021 | £983k | £1.5m |
| 31/12/2020 | £1.0m | £1.5m |
Common questions
Is HEART CHURCH financially healthy?
The accounts state that the charity held free reserves of £13,601,921 at the end of the year, significantly exceeding its stated policy target of £250,000 to £500,000. Per the trustees' report, the group has adequate resources to continue operations, with the auditor confirming no material uncertainties regarding going concern. Its FY2024 accounts were audited by Page Kirk LLP.