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

GORSLEY BAPTIST CHURCH

Registered charity 1131159 · accounts filings on the Charity Commission register

Latest income
£463k
Latest spending
£453k
Registered
2009
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that free reserves of £155,471 are within the trustees' target range of £107,500 to £215,000, representing three to six months of expenditure. The charity reports sufficient financial resources to meet contractual obligations and has no material uncertainties regarding its ability to continue as a going concern. Total net assets stood at £1,201,503, with unrestricted funds comprising the majority of the balance.

What the accounts disclose

Reserves policy: between £107,500 and £215,000 equal to between 3 and 6 months’ reported expenditure from general funds (held: £155k)
“The trustees have decided that the present target range for these free reserves is between £107,500 and £215,000 equal to between 3 and 6 months’ reported expenditure from general funds.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Grants paid to Mission Action Group members (connected parties) for short-term mission trips.
“Short-term mission grants in 2024 (note 7) included a £500 grant to each these individuals which was authorised by the trustees.”
“Income recorded under Other trading activities includes £4,150 (2023 - £6,650) received from a charity trustee.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Income received from a charity trustee.
“Short-term mission grants in 2024 (note 7) included a £500 grant to each these individuals which was authorised by the trustees.”
“Income recorded under Other trading activities includes £4,150 (2023 - £6,650) received from a charity trustee.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2020)

Total income
£505k
Total spending
£289k
Cost of raising funds
£23k
Reserves (reported)
£180k
Employees
10

Reported reserves equal ~7.5 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Gloucestershire · Herefordshire

Income and spending

Financial year endIncomeSpending
31/12/2024£463k£453k
31/12/2023£390k£449k
31/12/2022£352k£376k
31/12/2021£411k£402k
31/12/2020£505k£289k

Common questions

Is GORSLEY BAPTIST CHURCH financially healthy?

The accounts state that free reserves of £155,471 are within the trustees' target range of £107,500 to £215,000, representing three to six months of expenditure. The charity reports sufficient financial resources to meet contractual obligations and has no material uncertainties regarding its ability to continue as a going concern. Total net assets stood at £1,201,503, with unrestricted funds comprising the majority of the balance. Its FY2024 accounts were independently examined.

Charities like this

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