ARGYLE COMMUNITY CHURCH, READING
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net deficit of £55,536 for the year ended 31 December 2022, compared to a deficit of £43,781 in the previous year. Per the trustees' report, the charity maintains a healthy cash balance of £97,585 and aims to hold free reserves equivalent to three months of average giving, which equates to £24,000. The total net assets carried forward at year-end were £1,645,823.
What the accounts disclose
“The Trustees aim to maintain free reserves equivalent to three months average giving to the general fund, which equates to f 24, 000.” — page 7
Trustees
- Dr ANTHONY CLEVE JONATHAN CHEVASSUTchair
- CHRISTOPHER ROBERT RAYERS
- DR JONATHAN PHILIP ROUT
- William Alexander Forshaw
- Yvette Mukandori
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £160k | £195k |
| 31/12/2023 | £142k | £182k |
| 31/12/2022 | £118k | £173k |
| 31/12/2021 | £103k | £147k |
| 31/12/2020 | £167k | £129k |
Common questions
Is ARGYLE COMMUNITY CHURCH, READING financially healthy?
The accounts state that the charity reported a net deficit of £55,536 for the year ended 31 December 2022, compared to a deficit of £43,781 in the previous year. Per the trustees' report, the charity maintains a healthy cash balance of £97,585 and aims to hold free reserves equivalent to three months of average giving, which equates to £24,000. The total net assets carried forward at year-end were £1,645,823. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEESTON FREE CHURCH NOTTINGHAM | 1 | £2k |
| THE AYLSHAM AGRICULTURAL SHOW ASSOCIATION LIMITED | 1 | £250 |
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