CHURCH AT BARKING RIVERSIDE
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Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased to £66,378, which the Trustees believe represents approximately 14 months of essential expenditure. The charity reported a surplus of £8,258 for the year, with total income of £98,227 and charitable expenditure of £89,969. The financial outlook notes a strategic shift to diversify income streams and reduce reliance on grant funding.
What the accounts disclose
“The main source of income is the non-recurring grant of SDF monies totalling £41,726”
“the Trustees believe that the majority of the balance on the General Fund of £66k representing approximately 14 months of essential expenditure, excluding stipends and housing, needs to be retained”
“Rev. Sam Pollard was also directly employed during the financial year as the Faith and Partnership Lead and was paid £3,333 (2023: £nil) for serving in that capacity.” — page 14
“Rev. Sam Pollard was also directly employed during the financial year as the Faith and Partnership Lead and was paid £3,333 (2023: £nil) for serving in that capacity. Subsequent to the financial year end, it became apparent that his employment in this role and receipt of these payments was not permitted by the charity's governing document.” — page 14
“I draw attention to note 3(a) to the accounts where it is noted that the employment of related parties was not permitted by the governing document. As noted, the charity have now ensured that no related parties are employed. I have reported this to the Charity Commission in line with my statutory duty.” — page 11
Trustees
- Paul Rose
- Raymond Mugerwa
- Rev David Baker
- Rev Urbain Nicaise Matsalou-Yombe
- Zainab Omokhe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £98k | £90k |
| 31/12/2023 | £73k | £57k |
| 31/12/2022 | £55k | £43k |
Common questions
Is CHURCH AT BARKING RIVERSIDE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves decreased to £66,378, which the Trustees believe represents approximately 14 months of essential expenditure. The charity reported a surplus of £8,258 for the year, with total income of £98,227 and charitable expenditure of £89,969. The financial outlook notes a strategic shift to diversify income streams and reduce reliance on grant funding. Its FY2024 accounts were independently examined.
Who funds CHURCH AT BARKING RIVERSIDE?
Funders whose own accounts filings name CHURCH AT BARKING RIVERSIDE as a grant recipient include THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WOODFORD WELLS.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WOODFORD WELLS | FY2022 | £109k | Grant for Church at Barking Riverside / Transfer of restricted funds |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WOODFORD WELLS | FY2025 | £6k | Grant to institution |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WOODFORD WELLS | FY2023 | £3k | Grants to institutions |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS WOODFORD WELLS | FY2024 | £100 | Giving to institutions |