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

QUEENS ROAD BAPTIST CHURCH COVENTRY

Registered charity 1127882 · accounts filings on the Charity Commission register

Latest income
£198k
Latest spending
£186k
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total incoming resources increased to £198,291 against expenditure of £185,902, resulting in a net surplus. The trustees report that unrestricted reserves stand above their stated policy target of covering two to three months of budgeted expenditure, providing confidence to expand staff and work.

What the accounts disclose

Reserves policy: two to three months of budgeted expenditure (held: £120k)
“The policy is normally that the balance in the General Fund should cover 2-3 months of budgeted expenditure.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Minister Rev N Martin received remuneration of £44,360. No other trustees received remuneration.
“Under the provisions of the Charity’s constitution, the charity pays a stipend to its ministers, who are also trustees. Remuneration paid during the year (including pension contributions) was: Rev N Martin £ 44,360” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees
“During the year the church received £37,264 in donations from trustees – this included £120 to the (Restricted) Fellowship fund with the remainder of the gifts going to the General fund.” — page 18
“During 2024 the church made payments of £14,023 to Gibson Consulting ltd for repairs and maintenance of church premises. One of the directors of Gibson Consulting ltd, is the son of church trustee Andrew Knott.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to Gibson Consulting Ltd (trustee's son)
“During the year the church received £37,264 in donations from trustees – this included £120 to the (Restricted) Fellowship fund with the remainder of the gifts going to the General fund.” — page 18
“During 2024 the church made payments of £14,023 to Gibson Consulting ltd for repairs and maintenance of church premises. One of the directors of Gibson Consulting ltd, is the son of church trustee Andrew Knott.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Pension scheme deficit: £2k
“The total pension costs for all the relevant church staff including deficit payments was £2,220 (2023: £10,394).” — page 18
Per its FY2024 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: Coventry City · Warwickshire

Income and spending

Financial year endIncomeSpending
31/12/2024£198k£186k
31/12/2023£170k£155k
31/12/2022£174k£174k
31/12/2021£259k£227k
31/12/2020£220k£232k

Common questions

Is QUEENS ROAD BAPTIST CHURCH COVENTRY financially healthy?

The accounts state that total incoming resources increased to £198,291 against expenditure of £185,902, resulting in a net surplus. The trustees report that unrestricted reserves stand above their stated policy target of covering two to three months of budgeted expenditure, providing confidence to expand staff and work. Its FY2024 accounts were independently examined.

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