CAREY BAPTIST CHURCH, READING
Latest income
£613k
Latest spending
£597k
Registered
2019
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported a small surplus of £1,964 for the year ended 31 December 2023. Per the trustees' report, unrestricted reserves were maintained at £306,877, which the trustees consider consistent with their policy of holding between three and six months' expenditure. The financial position is described as satisfactory with no material uncertainties identified.
What the accounts disclose
Reserves policy: between three and six months’ expenditure (held: £307k)
“It is the current policy of the Church that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months’ expenditure.” — page 12
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Three Managing Trustees (Pastors) received remuneration of £109,886 for their services as ministers.
“In the year £109,886 (2022: £103,895) was paid in respect of remuneration and pension contributions to three Pastors and assistant Pastors (2022: three) who were also Managing Trustees.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payment to Cranford Support Trust
“During the year the Church paid £6,050 (2022: £6,000) to Cranford Support Trust of which Pastor David Magowan is a trustee.” — page 30
“During the year the Church paid £2,000 (2022: £2,000) to the South Central Gospel Partnership of which Pastor James Muldoon is a trustee.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payment to South Central Gospel Partnership
“During the year the Church paid £6,050 (2022: £6,000) to Cranford Support Trust of which Pastor David Magowan is a trustee.” — page 30
“During the year the Church paid £2,000 (2022: £2,000) to the South Central Gospel Partnership of which Pastor James Muldoon is a trustee.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Earmarked gifts to trustees/related parties
“During the year the Church paid £6,050 (2022: £6,000) to Cranford Support Trust of which Pastor David Magowan is a trustee.” — page 30
“During the year the Church paid £2,000 (2022: £2,000) to the South Central Gospel Partnership of which Pastor James Muldoon is a trustee.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Donations from trustees/related parties
“During the year the Church paid £6,050 (2022: £6,000) to Cranford Support Trust of which Pastor David Magowan is a trustee.” — page 30
“During the year the Church paid £2,000 (2022: £2,000) to the South Central Gospel Partnership of which Pastor James Muldoon is a trustee.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of trustee expenses
“During the year the Church paid £6,050 (2022: £6,000) to Cranford Support Trust of which Pastor David Magowan is a trustee.” — page 30
“During the year the Church paid £2,000 (2022: £2,000) to the South Central Gospel Partnership of which Pastor James Muldoon is a trustee.” — page 30
Per its FY2023 accounts as filed with the Charity Commission.
Structured financials (annual return, FY ending 31/12/2024)
Total income
£613k
Total spending
£597k
Reserves (reported)
£60k
Employees
12
Register events
- Received assets from another charity (22/05/2025)
Trustees
- Rev David Thomas Magowanchair
- David Neil Timothy Rimes
- Dr ALISTAIR MURDOCH
- Dr Amit Sharma
- Dr Andrew James Barnett
- Dr GRAHAM MACHIN
- Dr JAMES ERNEST CORDLE
- Dr MICHAEL DAVIES
- John William Alexander Heron
- Pastor Andrew Philip Kight
- Richard John Webb
- Richard Peter Baxter
- Simon Peter Butler
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £613k | £597k |
| 31/12/2023 | £667k | £665k |
| 31/12/2022 | £0 | £0 |
| 31/12/2021 | £0 | £0 |
| 31/12/2020 | £0 | £0 |
Common questions
Is CAREY BAPTIST CHURCH, READING financially healthy?
The accounts state that the charity reported a small surplus of £1,964 for the year ended 31 December 2023. Per the trustees' report, unrestricted reserves were maintained at £306,877, which the trustees consider consistent with their policy of holding between three and six months' expenditure. The financial position is described as satisfactory with no material uncertainties identified. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREYFRIARS READING | 1 | £24k |
| BERKSHIRE COMMUNITY FOUNDATION | 1 | £10k |
| THE EARLEY CHARITY | 1 | £2k |