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EAST LONDON TABERNACLE BAPTIST CHURCH

Registered charity 1128266 · accounts filings on the Charity Commission register · also known as ELT BAPTIST CHURCH · listed website unreachable when last crawled

Latest income
£477k
Latest spending
£394k
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £83,356 for the year ended 31 December 2024, with total net assets increasing to £4,542,391. Free reserves stood at £533,093, which the trustees confirmed were in excess of their stated policy target of six months' routine general fund expenditure. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern.

What the accounts disclose

Reserves policy: approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects (held: £533k)
“The Trustees considers that, given the nature of the church’s work, free reserves should be equivalent to approximately 6 months’ routine general fund expenditure, plus committed future expenditure on other projects, where funds permit.” — page 7
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustee donations
“The Trustees gave a total of £ 26,325 (2023: £20,934) in unrestricted offerings and donations during the year.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Xeinadin Audit Limited.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£687k
Total spending
£415k
Cost of raising funds
£10k
Reserves (reported)
£198k
Employees
8

Reported reserves equal ~5.7 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Tower Hamlets

Income and spending

Financial year endIncomeSpending
31/12/2024£477k£394k
31/12/2023£687k£415k
31/12/2022£320k£324k
31/12/2021£308k£288k
31/12/2020£342k£333k

Common questions

Is EAST LONDON TABERNACLE BAPTIST CHURCH financially healthy?

The accounts state that the charity reported a net surplus of £83,356 for the year ended 31 December 2024, with total net assets increasing to £4,542,391. Free reserves stood at £533,093, which the trustees confirmed were in excess of their stated policy target of six months' routine general fund expenditure. The auditor confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Xeinadin Audit Limited.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
WOODLANDS GROUP OF CHURCHES1£3k

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Semantically similar by activities and financial character, from our analysed corpus. Compare with EASTLEIGH BAPTIST CHURCH.