PIER AVENUE BAPTIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity's financial recovery was well on its way by the end of 2023, with unrestricted general funds reaching £59,926. The trustees report that the charity met its financial reserves target of £30,000, leaving just under £10,000 of uncommitted general funds to support the 2024 budget.
What the accounts disclose
“The Financial Reserves policy of Pier Avenue Baptist Church is to hold three months of all expenditure plus a further three months staff costs to allow the church to adapt to any changes in the income or expenditure of the Church. The Trustees have committed to the recommendation that £30,000 is retained for this purpose.” — page 12
“The church is a participating employer within the Defined Benefit section of the Baptist Pension scheme and has been making ongoing deficit payments of £1 per month to cover the costs of past service of its staff within the scheme.” — page 12
Year-over-year changes
- Going concern: going-concern doubt noted (FY2022) → no going-concern doubt (FY2023).
Trustees
- Adebukola Victoria Oyekunle
- Antony Meloy
- Elaine Anne Hoadley
- HEATHER JEAN BAINES
- Ian Day
- Ian Smith
- James McKendrick Paterson
- KAREN RAI
- Rev Michelle Eversden-Thomas
- Rev PAULINE BAILEY
- Richard Geddes
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £135k | £128k |
| 31/12/2023 | £136k | £79k |
| 31/12/2022 | £99k | £78k |
| 31/12/2021 | £86k | £106k |
| 31/12/2020 | £134k | £146k |
Common questions
Is PIER AVENUE BAPTIST CHURCH financially healthy?
The accounts state that the charity's financial recovery was well on its way by the end of 2023, with unrestricted general funds reaching £59,926. The trustees report that the charity met its financial reserves target of £30,000, leaving just under £10,000 of uncommitted general funds to support the 2024 budget. Its FY2023 accounts were independently examined.
Who funds PIER AVENUE BAPTIST CHURCH?
Funders whose own accounts filings name PIER AVENUE BAPTIST CHURCH as a grant recipient include TENDRING COMMUNITY VOLUNTARY SERVICES.
Known funders
| Funder | Year | Amount |
|---|---|---|
| TENDRING COMMUNITY VOLUNTARY SERVICES | FY2025 | £800 |