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BROADMEAD BAPTIST CHURCH

Registered charity 1191289 · accounts filings on the Charity Commission register

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Causes: Religious Activities · website · Get email alerts

Latest income
£299k
Latest spending
£427k
Registered
2020
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net loss of £130,404 for the year ended 31 December 2024, resulting in a decrease in total net assets from £646,634 to £516,230. Per the trustees' report, unrestricted reserves of £176,503 (excluding designated funds) remain in excess of the stated policy target of approximately three months' core operating costs. The trustees identify financial sustainability as the major risk but confirm that current reserves mitigate this in the short to medium term.

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

What the accounts disclose

Reserves policy: approximately three months' core operating costs (held: £177k)
“The Trustees' reserves policy is to seek to maintain minimum general reserves greater than or equal to approximately three months' core operating costs.” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: The Minister and Associate Minister are Trustees. They each received remuneration and other benefits in respects of their services of £35,889 (2023: £29,735) and £39,289 (2023: £29,707) respectively, including the provision of a housing allowance to both of them.
“The Minister and Associate Minister are Trustees. They each received remuneration and other benefits in respects of their services of £35,889 (2023: £29,735) and £39,289 (2023: £29,707) respectively, including the provision of a housing allowance to both of them.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donation to Broadmead Baptist Chapel Trust
“During the year to 31 December 2024 the church donated £144,000 to the Broadmead Baptist Chapel Trust to fund renovation and development of the Church building. Further details are provided in note 17.” — page 6
“During the period the Church made payments to West of England Baptist Payroll Company Limited (a subsidiary of webnet) in relation to its Church staff costs as summarised in Note 8 to these accounts.”
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Payments to West of England Baptist Payroll Company Limited
“During the year to 31 December 2024 the church donated £144,000 to the Broadmead Baptist Chapel Trust to fund renovation and development of the Church building. Further details are provided in note 17.” — page 6
“During the period the Church made payments to West of England Baptist Payroll Company Limited (a subsidiary of webnet) in relation to its Church staff costs as summarised in Note 8 to these accounts.”
Per its FY2024 accounts as filed with the Charity Commission.

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

Public profiles (found on the charity’s own website): facebook · instagram

Structured financials (annual return, FY ending 31/12/2021)

Total income
£754k
Total spending
£62k
Reserves (reported)
£0
Employees
4

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Trustees · trustee networks

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

Operates in: Bristol City

Income and spending

Financial year endIncomeSpending
31/12/2024£299k£427k
31/12/2023£242k£291k
31/12/2022£171k£163k
31/12/2021£754k£62k

Common questions

Is BROADMEAD BAPTIST CHURCH financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net loss of £130,404 for the year ended 31 December 2024, resulting in a decrease in total net assets from £646,634 to £516,230. Per the trustees' report, unrestricted reserves of £176,503 (excluding designated funds) remain in excess of the stated policy target of approximately three months' core operating costs. The trustees identify financial sustainability as the major risk but confirm that current reserves mitigate this in the short to medium term. Its FY2024 accounts were independently examined.