PURLEY BAPTIST CHURCH
The Church was established to aid the promulgation of the Christian Gospel, maintaining the doctrines usually described as evangelical and particularly as set out in the Articles of Faith contained in the foundation Trust Deed. The Leadership Team under the control of the Church have charge of its temporal affairs.
Financial health, per its FY2023 accounts
The accounts state that the church recorded a net loss for the year, largely due to unplanned building spending and an in-year pay award to staff. Despite this, the church maintains free reserves of £206,000, which is below its stated policy target of approximately £250,000. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“The Leadership Team has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (“the free reserves”) held by the church should be around 3 months essential expenditure plus a provision for possible fluctuations in income. This equates to approximately £250,000.” — page 5
“The total other loans of £147,000 represent unsecured interest free loans from church members and friends.”
“The Church has a subsidiary company, 58:12 which was formed to carry out the proposed development of the island site in Purley.” — page 3
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Ben Quartey-Papafio
- Daniel Edward Morris
- David Clarke
- Helen Patricia Harris
- Jennifer Hazel Giles
- Moyosoreoluwa Oyelade
- Olumide Lala
- Rev James Michael Collins
- Timothy Allen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £955k | £772k |
| 31/12/2023 | £692k | £701k |
| 31/12/2022 | £691k | £668k |
| 31/12/2021 | £612k | £560k |
| 31/12/2020 | £621k | £573k |
Common questions
Is PURLEY BAPTIST CHURCH financially healthy?
Per its FY2023 accounts: The accounts state that the church recorded a net loss for the year, largely due to unplanned building spending and an in-year pay award to staff. Despite this, the church maintains free reserves of £206,000, which is below its stated policy target of approximately £250,000. The auditor confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Shaw Gibbs (Audit) Limited.
Charities like this
- GUNNERSBURY BAPTIST CHURCH
- GORSLEY BAPTIST CHURCH
- WOODBRIDGE QUAY CHURCH
- NEWBURY BAPTIST CHURCH
- THATCHAM BAPTIST CHURCH
- STONELEIGH BAPTIST CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PURLEY BAPTIST CHURCH | £955k | — | 0 | unclear | — | no doubt |
| GUNNERSBURY BAPTIST CHURCH | £320k | — | 0 | unclear | — | no doubt |
| GORSLEY BAPTIST CHURCH | £463k | — | 0 | within | — | no doubt |
| WOODBRIDGE QUAY CHURCH | £248k | — | 0 | unclear | — | no doubt |
| NEWBURY BAPTIST CHURCH | £167k | — | 0 | above | — | no doubt |
| THATCHAM BAPTIST CHURCH | £162k | — | — | above | — | no doubt |