BLOOMSBURY CENTRAL BAPTIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the church incurred an operating deficit of £34k for the year ended 31 March 2023, primarily due to £28k in major repairs and investment losses. However, free reserves stood at £2,923k, which the trustees consider adequate to meet running costs and provide a buffer against future deficits.
What the accounts disclose
“The trustees have previously determined that free reserves (General Fund and Development Reserve) should not fall below one year’s normal expenditure.” — page 7
“From June 2020, a flat within the church building was let to one of the Deacons, Nigel Redford, at a current monthly rental of £1,100.” — page 19
“He was assisted by his daughter, a qualified accountant, with the day-to day accounting from 1 November 2022 until 31 May 2023, during which time her firm was paid a total of £1,476 by the church.”
“From June 2020, a flat within the church building was let to one of the Deacons, Nigel Redford, at a current monthly rental of £1,100.” — page 19
“He was assisted by his daughter, a qualified accountant, with the day-to day accounting from 1 November 2022 until 31 May 2023, during which time her firm was paid a total of £1,476 by the church.”
“From June 2020, a flat within the church building was let to one of the Deacons, Nigel Redford, at a current monthly rental of £1,100.” — page 19
“He was assisted by his daughter, a qualified accountant, with the day-to day accounting from 1 November 2022 until 31 May 2023, during which time her firm was paid a total of £1,476 by the church.”
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (01/12/2019)
Trustees
- Rev DR SIMON WOODMANchair
- Andreea Gherman
- JUDITH GARDINER
- Matthew Streeter
- Maya Ursula Udoka Okonkwo
- Nigel Redford
- Timothy Peter Clifford
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £502k | £418k |
| 31/03/2024 | £761k | £399k |
| 31/03/2023 | £496k | £398k |
| 31/03/2022 | £365k | £381k |
| 31/03/2021 | £226k | £339k |
Common questions
Is BLOOMSBURY CENTRAL BAPTIST CHURCH financially healthy?
The accounts state that the church incurred an operating deficit of £34k for the year ended 31 March 2023, primarily due to £28k in major repairs and investment losses. However, free reserves stood at £2,923k, which the trustees consider adequate to meet running costs and provide a buffer against future deficits. Its FY2023 accounts were audited by Jacob Cavenagh & Skeet.
Who funds BLOOMSBURY CENTRAL BAPTIST CHURCH?
Funders whose own accounts filings name BLOOMSBURY CENTRAL BAPTIST CHURCH as a grant recipient include ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED CHARITY.
Known funders
| Funder | Year | Amount |
|---|---|---|
| ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED CHARITY | FY2021 | £5k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| JOHN JACKSON CHARITABLE TRUST | 1 | £600 |