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BROMLEY BAPTIST CHURCH

Registered charity 1145850 · accounts filings on the Charity Commission register

Latest income
£172k
Latest spending
£225k
Registered
2012
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity generated a deficit of £18,861 for the year, with total expenditure of £245,520 against income of £226,659. Per the trustees' report, free reserves stood at £949,103, which is significantly above the stated policy target of £75,000, although £430,000 of this is restricted until a legacy property is sold.

What the accounts disclose

Reserves policy: £75,000 (held: £949k)
“The Trustee’s policy on free reserves is £75,000 which represents approximately 3 months’ running costs.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Pension scheme deficit: £18.0m
“The valuation of the DB Plan revealed a deficit of assets compared with the value of liabilities of £18 million (equivalent to a past service funding level of 94%). The Church and the other employers supporting the DB Plan are collectively responsible for funding this deficit.” — page 17
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2020)

Total income
£699k
Total spending
£340k
Cost of raising funds
£1k
Reserves (reported)
£2.7m
Employees
5

Reported reserves equal ~93.9 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Bromley

Income and spending

Financial year endIncomeSpending
31/12/2024£172k£225k
31/12/2023£227k£246k
31/12/2022£169k£198k
31/12/2021£181k£248k
31/12/2020£699k£340k

Common questions

Is BROMLEY BAPTIST CHURCH financially healthy?

The accounts state that the charity generated a deficit of £18,861 for the year, with total expenditure of £245,520 against income of £226,659. Per the trustees' report, free reserves stood at £949,103, which is significantly above the stated policy target of £75,000, although £430,000 of this is restricted until a legacy property is sold. Its FY2023 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED CHARITY1£5k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST, BROMLEY.