SOUTH PARK CHAPEL
Christian church ministry and outreach in the Ilford and East London area.
Latest income
£29k
Latest spending
£25k
Registered
2009
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that unrestricted income exceeded expenditure, resulting in an excess of £3,652.18 for the year. Total unrestricted funds increased to £60,601.10, held primarily in bank accounts. The trustees report that the church remains financially stable with income higher than expenditure.
What the accounts disclose
Reserves policy: self sufficient; increasing reserves over time to meet larger expenses (held: £61k)
“The Elders and Trustees aim to spend only the income (interest on the deposit and regular gifts from attendees), and for the Chapel to be self sufficient. Increasing reserves over time allows for larger (usually building related) expenses to be met as they fall due, ideally without recourse to WH Knox Trust.” — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- Cornelia Antje Klazina Ferraby
- Gregory Demosthenous
- Jason Freeman
- KATHERINE HEATHER JOY ERULIN
- Susie Margo Brant
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £29k | £25k |
| 05/04/2024 | £46k | £20k |
| 05/04/2023 | £15k | £18k |
| 05/04/2022 | £21k | £23k |
| 05/04/2021 | £24k | £41k |
Common questions
Is SOUTH PARK CHAPEL financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted income exceeded expenditure, resulting in an excess of £3,652.18 for the year. Total unrestricted funds increased to £60,601.10, held primarily in bank accounts. The trustees report that the church remains financially stable with income higher than expenditure. Its FY2025 accounts were independently examined.