CENTRAL BAPTIST CHURCH WALTHAMSTOW
Financial health, per its FY2024 accounts
The accounts state that total income was £126,304 against total expenditure of £134,692, resulting in a net decrease in funds of £8,389. The trustees note that this fall was less than expected due to a £20,000 legacy, and the charity continues to observe its reserves policy by maintaining a minimum balance of £36,000. At year-end, unrestricted reserves stood at £146,714, well above the stated policy target.
What the accounts disclose
“We aim to maintain a minimum reserves balance of £36,000, which consists of £29,000 for basic running costs and £7,000 to cover unforeseen costs or unforeseen reductions in income.” — page 4
“Robert Jeffery served as a church leader and was paid £35,688 [2023: £32,085] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
“Thomas Kitchen served as a church leader and was paid £41,122 [2023: £30,910] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
“Robert Jeffery served as a church leader and was paid £35,688 [2023: £32,085] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
“Thomas Kitchen served as a church leader and was paid £41,122 [2023: £30,910] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
“Robert Jeffery served as a church leader and was paid £35,688 [2023: £32,085] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
“Thomas Kitchen served as a church leader and was paid £41,122 [2023: £30,910] for serving in that capacity, not for serving as a trustee; these payments are permitted by the charity's governing document and include employer pension contributions.” — page 10
Register events
- Received assets from another charity (07/12/2022)
Trustees
- ANDREW ALAN FERDINANDO
- Antonio Salvatore Verde
- MAURICE ROY TITMARSH
- ROBERT JAMES JEFFERY
- Thomas Kitchen
- WINSTON LIVINGSTONE REID
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £126k | £135k |
| 31/12/2023 | £107k | £121k |
| 31/12/2022 | £27k | £26k |
Common questions
Is CENTRAL BAPTIST CHURCH WALTHAMSTOW financially healthy?
The accounts state that total income was £126,304 against total expenditure of £134,692, resulting in a net decrease in funds of £8,389. The trustees note that this fall was less than expected due to a £20,000 legacy, and the charity continues to observe its reserves policy by maintaining a minimum balance of £36,000. At year-end, unrestricted reserves stood at £146,714, well above the stated policy target. Its FY2024 accounts were independently examined.