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GODFIRST CHURCH CHELTENHAM

Registered charity 1148222 · accounts filings on the Charity Commission register · also known as GODFIRST

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Latest income
£291k
Latest spending
£289k
Registered
2012
Accounts read
FY2021

Financial health, per its FY2021 accounts

The accounts state that the charity reported a deficit of £34,458 for the year ended 31 December 2021, resulting in a decrease in net assets to £63,179. The trustees confirmed that the charity has adequate resources to continue operating as a going concern for the foreseeable future. Unrestricted net current assets held at year-end were £58,298, which exceeds the stated reserves policy target of £28,000–£40,000.

What the accounts disclose

Reserves policy: between 2 and 3 months of normal committed church expenditure (which equates to approximately £28-40K) (held: £58k)
“The Board of Directors have established a policy whereby free reserves (which the trustees define as being unrestricted net current assets) held by the charity should be maintained at between 2 and 3 months of normal committed church expenditure (which equates to approximately £28-40K).” — page 4
Per its FY2021 accounts as filed with the Charity Commission.
Payments to trustees: Howard Kellett received wages and salaries of £44,923 and employer pension contributions of £4,101. The accounts state these payments were for serving as a church leader, not for serving as a trustee, and are permitted by the governing document.
“Howard Kellett served as a church leader and received the above payments for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document.” — page 11
Per its FY2021 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related parties
“During the year the charity received donations totalling £27,404 (2020: £28,791) from related parties (which includes trustees, key management and anyone closely connected to them). Except for the reimbursement of expenses incurred when acting as agent for the charity, or incurred when undertaking employment duties, no expenses were paid to (or for) the trustees. Except as disclosed in note 7 'Analysis of staff costs', there have been no other transactions with related parties during the year.” — page 14
Per its FY2021 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Trustees

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

Operates in: Gloucestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£291k£289k
31/12/2023£353k£263k
31/12/2022£399k£194k
31/12/2021£157k£192k
31/12/2020£221k£190k

Common questions

Is GODFIRST CHURCH CHELTENHAM financially healthy?

The accounts state that the charity reported a deficit of £34,458 for the year ended 31 December 2021, resulting in a decrease in net assets to £63,179. The trustees confirmed that the charity has adequate resources to continue operating as a going concern for the foreseeable future. Unrestricted net current assets held at year-end were £58,298, which exceeds the stated reserves policy target of £28,000–£40,000. Its FY2021 accounts were independently examined.

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