GATESHEAD EVANGELICAL CHURCH (GEC)
The advancement of the Christian Faith in accordance with the Basis of Faith primarily but not exclusively within Gatehead and the surrounding neighbourhood. We provide weekly religious services and social events that are both all-inclusive (Sunday morning worship, Fellowship Meals, Coffee Mornings) and age sensitive (Sunday School, youth meetings).
Financial health, per its FY2025 accounts
The accounts state that total income of £33,711.47 was less than total expenses of £36,219.65, resulting in a net deficit for the year. However, the charity maintained a positive net asset position, with total resources increasing from £53,471.79 to £53,471.79 (note: document lists opening total resources as 53,471.79 and closing as 53,471.79, but individual account balances show an increase in investment and current accounts offset by other movements, or potentially a typo in the source text's total lines which match exactly despite income/expense difference; strictly following the text: Opening Total Resources £53,471.79, Closing Total Resources £53,471.79). The trustees report that monthly giving covered all expenses and budgeted savings, and the commitment to maintaining a minimum current account balance of £7,500 is being fulfilled. The auditor confirms the accounts give a true and fair view and are in harmony with bank statements.
What the accounts disclose
“G. Aid giving 17,322.00”
“We have a goal of maintaining a minimum balance of £7,500 in our current account” — page 1
Property (HM Land Registry)
Trustees
- David Earle Kelsochair
- Cheri Winters Kelso
- Deva Aseervadam Salluri
- Ekogiawe Monday Agbonze
- Patrick Kimani Ngugi
- Sheriff Cornell Bainbridge
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £36k | £34k |
| 31/03/2024 | £30k | £39k |
| 31/03/2023 | £54k | £49k |
| 31/03/2022 | £64k | £65k |
Common questions
Is GATESHEAD EVANGELICAL CHURCH (GEC) financially healthy?
Per its FY2025 accounts: The accounts state that total income of £33,711.47 was less than total expenses of £36,219.65, resulting in a net deficit for the year. However, the charity maintained a positive net asset position, with total resources increasing from £53,471.79 to £53,471.79 (note: document lists opening total resources as 53,471.79 and closing as 53,471.79, but individual account balances show an increase in investment and current accounts offset by other movements, or potentially a typo in the source text's total lines which match exactly despite income/expense difference; strictly following the text: Opening Total Resources £53,471.79, Closing Total Resources £53,471.79). The trustees report that monthly giving covered all expenses and budgeted savings, and the commitment to maintaining a minimum current account balance of £7,500 is being fulfilled. The auditor confirms the accounts give a true and fair view and are in harmony with bank statements. Its FY2025 accounts were audited.