HIGHBURY QUADRANT CONGREGATIONAL CHURCH
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net incoming resource deficit of £10,124 for the year ended 31 December 2022, resulting in a decrease in total funds from £158,418 to £148,294. The charity holds net free reserves of £109,469, which are invested in short-term cash deposits to ensure liquidity. The charity's operations are currently transitioning due to the handover of its buildings to developers, with worship temporarily relocated to a rented venue funded by a settlement payment.
What the accounts disclose
Year-over-year changes
- Going concern: going-concern doubt noted (FY2021) → no going-concern doubt (FY2022).
Trustees
- Rev SHAHNAWAZ JAVEDchair
- Daniel Newman
- Joyce Price
- Jumoke Oluwatoyin Olabisi Martins
- Sebastian Rooke-Ley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £161k | £171k |
| 31/12/2023 | £179k | £172k |
| 31/12/2022 | £136k | £146k |
| 31/12/2021 | £113k | £121k |
| 31/12/2020 | £208k | £119k |
Common questions
Is HIGHBURY QUADRANT CONGREGATIONAL CHURCH financially healthy?
The accounts state that the charity reported a net incoming resource deficit of £10,124 for the year ended 31 December 2022, resulting in a decrease in total funds from £158,418 to £148,294. The charity holds net free reserves of £109,469, which are invested in short-term cash deposits to ensure liquidity. The charity's operations are currently transitioning due to the handover of its buildings to developers, with worship temporarily relocated to a rented venue funded by a settlement payment. Its FY2022 accounts were independently examined.
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