KING'S ROAD CHURCH
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £1,060,588 for the year ended 31 March 2025, with total income rising to £1,276,664. Per the trustees' report, free reserves stood at £134,658, which is below the historical policy target of three months' non-discretionary expenditure, prompting a review of adequacy. The charity maintains substantial total reserves of £2,658,363, largely designated for building projects, and the auditor confirmed no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“Historically, the trustees’ policy has been to hold an unrestricted reserve of a minimum of three months’ non-discretionary expenditure to cover committed monthly outgoings” — page 12
“There were no transactions with related parties in the year, except donations and offerings from trustees and their relatives in their capacity as church members.” — page 4
Structured financials (annual return, FY ending 31/03/2025)
Register events
- Received assets from another charity (21/04/2021)
Trustees
- STEPHEN RONALD WHITEchair
- Dr Richard Irving Walker
- Hilary Louise Willard
- Martin Russell WARNER
- Patricia Nirmalini Edwards
- Robert Alexander
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £1.3m | £216k |
| 31/03/2024 | £625k | £190k |
| 31/03/2023 | £250k | £159k |
| 31/03/2022 | £122k | £100k |
| 31/03/2021 | £68k | £37k |
Common questions
Is KING'S ROAD CHURCH financially healthy?
The accounts state that the charity reported a surplus of £1,060,588 for the year ended 31 March 2025, with total income rising to £1,276,664. Per the trustees' report, free reserves stood at £134,658, which is below the historical policy target of three months' non-discretionary expenditure, prompting a review of adequacy. The charity maintains substantial total reserves of £2,658,363, largely designated for building projects, and the auditor confirmed no material uncertainties regarding its ability to continue as a going concern. Its FY2025 accounts were audited by Summers Morgan.