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SILVERTON EVANGELICAL CHURCH

Registered charity 1177666 · accounts filings on the Charity Commission register

Independent Evangelical Church being a member of the South West Baptist Association serving Silverton and the surrounding area

Causes: Religious Activities · website · Get email alerts

Latest income
£94k
Latest spending
£86k
Registered
2018
Accounts read
FY2024

Financial health, per its FY2024 accounts

The charity reported a surplus on unrestricted funds of £5,967 and held free reserves of £24,000, which exceeds its stated policy target of £12,000. However, the trustees note that the 2025 budget projects a cash deficit approaching £10,000, which would eliminate the current surplus cash holding, prompting close monitoring of the outcome.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Donations (82% of income)
“The majority of our income comes from regular monthly donations from our members. These donations, including gift aid refunds and one-off gifts of £2,200, increased to £72,478 from £69,276 in 2023.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: two months’ normal expenditure (held: £24k)
“It is the policy of the Church to maintain general reserves of at least two months’ normal expenditure which includes monthly loan repayments. This is calculated at £12,000.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

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

Property (HM Land Registry)

2 registered titles in England and Wales held by the charity’s company or corporate body (2 freehold); recorded price paid £275k. All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

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

Operates in: Devon

Income and spending

Financial year endIncomeSpending
31/12/2024£94k£86k
31/12/2023£92k£67k
31/12/2022£80k£66k
31/12/2021£64k£49k
31/12/2020£60k£49k

Common questions

Is SILVERTON EVANGELICAL CHURCH financially healthy?

Per its FY2024 accounts: The charity reported a surplus on unrestricted funds of £5,967 and held free reserves of £24,000, which exceeds its stated policy target of £12,000. However, the trustees note that the 2025 budget projects a cash deficit approaching £10,000, which would eliminate the current surplus cash holding, prompting close monitoring of the outcome. Its FY2024 accounts were independently examined.