CENTRAL BAPTIST CHURCH WALTHAMSTOW
The purposes of the Church are: the advancement of the Christian faith as a Baptist Church and in accordance with the Basis of Faith primarily but not exclusively within Walthamstow and the surrounding neighbourhood; andsuch other charitable purposes as shall, in the opinion of the charity trustees, put into practice the Christian faith in accordance with the Basis of Faith
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
Property (HM Land Registry)
Register events
- Received assets from another charity (07/12/2022)
Trustees
- ANDREW ALAN FERDINANDO
- Antonio Salvatore Verde
- 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?
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. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| INCORPORATED BOURNEMOUTH FREE CHURCH COUNCIL | 1 | £59k |
Charities like this
- WALDERSLADE BAPTIST CHURCH
- CHRISTCHURCH BAPTIST CHURCH
- BETHEL BAPTIST CHURCH FARNHAM
- STREATHAM CENTRAL CHURCH
- CARSHALTON BEECHES BAPTIST FREE CHURCH
- THATCHAM BAPTIST CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CENTRAL BAPTIST CHURCH WALTHAMSTOW | £126k | — | 0 | unclear | — | no doubt |
| WALDERSLADE BAPTIST CHURCH | £153k | — | 0 | below | — | no doubt |
| CHRISTCHURCH BAPTIST CHURCH | £410k | — | 0 | unclear | — | no doubt |
| BETHEL BAPTIST CHURCH FARNHAM | £166k | £41,200 | 0 | above | — | no doubt |
| STREATHAM CENTRAL CHURCH | £161k | — | 0 | unclear | — | no doubt |
| CARSHALTON BEECHES BAPTIST FREE CHURCH | £320k | — | 0 | above | — | no doubt |