Charity Accounts Intelreading the accounts so you don’t have to

DAGNALL STREET BAPTIST CHURCH ST ALBANS

Registered charity 1127791 · accounts filings on the Charity Commission register

Latest income
£220k
Latest spending
£186k
Registered
2009
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure of £32,358 for the year, resulting in a decrease in total funds from £3,627,079 to £3,594,721. The trustees consider the going concern basis appropriate, noting that the charity meets its working capital requirements through cash facilities and projections. The charity holds a special reserve based on estimated expenses for four months, alongside other designated and restricted funds.

What the accounts disclose

Reserves policy: circa four months expenses (held: £538k)
“The balance held at the year-end is based on the estimated cost of covering circa four months expenses in the event of a loss of funding (£60,000). Additional funds are held in general reserve.”
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Minister Rev Simon Carver received £5,617 for expenses.
“The Minister was the only Trustee to receive money for expenses: £5,617 (2022: £6,063)” — page 10
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Cross Street Centre Limited (trading subsidiary) covenanted trading profit to the Church.
“In 2023 this trading profit is confirmed to be £8,321 (2022: £9,180). In addition, Cross Street Centre Limited reimbursed the following costs incurred on its behalf by the Church; wages £22,245 (2022 £21,426). There are no other related party transactions.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/12/2024£220k£186k
31/12/2023£223k£256k
31/12/2022£186k£176k
31/12/2021£145k£143k
31/12/2020£142k£198k

Common questions

Is DAGNALL STREET BAPTIST CHURCH ST ALBANS financially healthy?

The accounts state that the charity reported a net expenditure of £32,358 for the year, resulting in a decrease in total funds from £3,627,079 to £3,594,721. The trustees consider the going concern basis appropriate, noting that the charity meets its working capital requirements through cash facilities and projections. The charity holds a special reserve based on estimated expenses for four months, alongside other designated and restricted funds. Its FY2023 accounts were independently examined.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALDERSHOT SAINT MICHAEL.