BAY CHURCH (TORBAY)
Church of England faith charity, planting a new church in Torbay
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £87,511 for the year, driven by a significant deficit on restricted funds despite a surplus on unrestricted funds. Per the trustees' report, unrestricted reserves stood at £193,732, which exceeds the stated policy target of £70,000, providing a buffer as grant funding reduces.
What the accounts disclose
“The £289,442 (2024: £714,386) of restricted income includes £286,514 (2024: £600,114) of Strategic Development Fund income from the Archbishops’ Council.” — page 4
“The CIO aims to hold free reserves broadly equivalent to 3 months’ expenditure (£70,000)” — page 4
“During the year to 30 June 2025, the charity received £18,644 in donations (2024: £16,700) from the CIO trustees, key management personnel and persons closely connected to them. The donors did not attach any conditions to their gifts which required the charity to significantly alter the nature of its existing activities.” — page 14
“Clergy and staff claimed expenses of £991 (2024: £591) during the year for travel, subsistence, office supplies and the cost of communications. No other transactions were undertaken with any other CIO member, persons closely connected to them or related parties.” — page 14
“During the year to 30 June 2025, the charity received £18,644 in donations (2024: £16,700) from the CIO trustees, key management personnel and persons closely connected to them. The donors did not attach any conditions to their gifts which required the charity to significantly alter the nature of its existing activities.” — page 14
“Clergy and staff claimed expenses of £991 (2024: £591) during the year for travel, subsistence, office supplies and the cost of communications. No other transactions were undertaken with any other CIO member, persons closely connected to them or related parties.” — page 14
Property (HM Land Registry)
Structured financials (annual return, FY ending 30/06/2024)
Trustees
- Rev Matthew Rhys Joel Braychair
- Elizabeth Ann Cinque
- Janet Miles
- Michael Hugh Nixon
- Neil Williams
- Peter Harry Sharp
- Victoria Louise Lovell
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £494k | £581k |
| 30/06/2024 | £880k | £811k |
| 30/06/2023 | £487k | £326k |
| 30/06/2022 | £178k | £168k |
Common questions
Is BAY CHURCH (TORBAY) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £87,511 for the year, driven by a significant deficit on restricted funds despite a surplus on unrestricted funds. Per the trustees' report, unrestricted reserves stood at £193,732, which exceeds the stated policy target of £70,000, providing a buffer as grant funding reduces. Its FY2025 accounts were independently examined.
Who funds BAY CHURCH (TORBAY)?
Funders whose own accounts filings name BAY CHURCH (TORBAY) as a grant recipient include CHURCH REVITALISATION TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CHURCH REVITALISATION TRUST | FY2022 | £107k | Support new church plant |
| CHURCH REVITALISATION TRUST | FY2021 | £25k | Support new church plant |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 02/09/2022 | £10k | Bay Tots |