CATALYST NETWORK OF CHURCHES
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £90,433 for the year, resulting in a decrease in total net assets to £1,421,075. The trustees confirm that unrestricted cash reserves equate to 10 months' expenditure and consider the charity to be a going concern with no material uncertainties.
What the accounts disclose
“Catalyst aims to hold a minimum of the equivalent of three month’s expenditure as general reserves.” — page 5
“Grants totalling £nil (2022: £8,222) were received from, and grants totalling £27,500 (2022: £27,532) were paid to New Frontiers International Trust Limited, where Richard Wightman is a Trustee.” — page 25
“Grants totalling £9,080 (2022: £13,710) were received from, and grants totalling £13,650 (2022: £16,000) were paid to King's Arms Trust (Bedford), where Roydon Loveley and Simon Holley are Trustees.” — page 25
“Grants totalling £nil (2022: £8,222) were received from, and grants totalling £27,500 (2022: £27,532) were paid to New Frontiers International Trust Limited, where Richard Wightman is a Trustee.” — page 25
“Grants totalling £9,080 (2022: £13,710) were received from, and grants totalling £13,650 (2022: £16,000) were paid to King's Arms Trust (Bedford), where Roydon Loveley and Simon Holley are Trustees.” — page 25
“Grants totalling £nil (2022: £8,222) were received from, and grants totalling £27,500 (2022: £27,532) were paid to New Frontiers International Trust Limited, where Richard Wightman is a Trustee.” — page 25
“Grants totalling £9,080 (2022: £13,710) were received from, and grants totalling £13,650 (2022: £16,000) were paid to King's Arms Trust (Bedford), where Roydon Loveley and Simon Holley are Trustees.” — page 25
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANDREW GORDON SIMPKINS
- David Morris
- MIKE SAXTON
- RICHARD ERIC WIGHTMAN
- Roydon Loveley
- Simon Holley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.6m |
| 31/12/2023 | £1.0m | £1.1m |
| 31/12/2022 | £1.8m | £859k |
| 31/12/2021 | £436k | £475k |
| 31/12/2020 | £1.1m | £1.1m |
Common questions
Is CATALYST NETWORK OF CHURCHES financially healthy?
The accounts state that the charity reported a net expenditure of £90,433 for the year, resulting in a decrease in total net assets to £1,421,075. The trustees confirm that unrestricted cash reserves equate to 10 months' expenditure and consider the charity to be a going concern with no material uncertainties. Its FY2023 accounts were audited by Harrison Beale & Owen Limited.
Who funds CATALYST NETWORK OF CHURCHES?
Funders whose own accounts filings name CATALYST NETWORK OF CHURCHES as a grant recipient include JUBILEE CHURCH, COVENTRY, REDEEMER WORTHING LTD, MOSAIC CHURCH LIMITED, NEW LIFE CHURCH, BIGGIN HILL, READING FAMILY CHURCH.
Known funders
| Funder | Year | Amount |
|---|---|---|
| JUBILEE CHURCH, COVENTRY | FY2022 | £51k |
| REDEEMER WORTHING LTD | FY2024 | £13k |
| MOSAIC CHURCH LIMITED | FY2025 | £12k |
| MOSAIC CHURCH LIMITED | FY2022 | £10k |
| REDEEMER WORTHING LTD | FY2023 | £10k |
| MOSAIC CHURCH LIMITED | FY2023 | £10k |
| NEW LIFE CHURCH, BIGGIN HILL | FY2024 | £7k |
| READING FAMILY CHURCH | FY2023 | £3k |
| NEW COMMUNITY CHURCH S.E. LONDON | FY2023 | £2k |
| NEW LIFE CHURCH, BIGGIN HILL | FY2023 | £1k |
| GRACE CHURCH SALISBURY | FY2023 | £538 |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SHEPPERTON COMMUNITY CHURCH | 1 | £5.5m |
| GRACE CHURCH EXETER | 1 | £614k |
| HOPE CHURCH WINCHESTER | 1 | £87k |
| CITY CHURCH BRISTOL | 1 | £43k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| HOPE CHURCH HARROGATE | 1 | £18k |
| THE FYRISH FOUNDATION | 1 | £10k |
| CITYGATE CHURCH | 1 | £9k |