RIDGEWAY COMMUNITY CHURCH
Latest income
£322k
Latest spending
£314k
Registered
2016
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity posted a deficit of £12k for the year, reflecting higher expenditure against flat income. However, the trustees report that the closing cash balance of £103k is comfortably ahead of their reserves policy target of approximately £79k, indicating strong underlying financial health.
What the accounts disclose
Reserves policy: three months worth of spending (held: £104k)
“The charity reserves policy is to aim to maintain reserves at around 3 months worth of spending. Currently this would amount to about £79k.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Three part-time employees are the wives of trustees.
“Three part-time employees are the wives of trustees. It is confirmed that no employee received a salary in excess of £60,000 for the year.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Register events
- Received assets from another charity (10/12/2018)
Trustees
- Darrell Perrins
- GARETH MARTIN LLOYD-JONES
- Nigel Eady
- Pastor William Joseph Bassett MTh
- QUILLON KARL HARPHAM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £322k | £314k |
| 31/08/2024 | £305k | £317k |
| 31/08/2023 | £304k | £277k |
| 31/08/2022 | £270k | £259k |
| 31/08/2021 | £290k | £214k |
Common questions
Is RIDGEWAY COMMUNITY CHURCH financially healthy?
The accounts state that the charity posted a deficit of £12k for the year, reflecting higher expenditure against flat income. However, the trustees report that the closing cash balance of £103k is comfortably ahead of their reserves policy target of approximately £79k, indicating strong underlying financial health. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |
| BEESTON FREE CHURCH NOTTINGHAM | 1 | £2k |