Association of Baptist Churches in Ireland
Latest income
£2.2m
Latest spending
—
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net surplus of £64,171 for the year ended 31 January 2025, with total funds increasing to £887,381. Per the trustees' report, unrestricted reserves of £412,663 represent approximately two months' expenditure, which is below the stated policy target of three months' expenditure. The trustees expect the target of three months' reserves to be met by the end of the following financial year.
What the accounts disclose
Reserves position: below the charity's own stated policy
“The level of unrestricted funds held at the year end represents approximately two months' expenditure for the Association. It is expected that the target of three months' reserves will be met by the end of the year ended 31 January 2026.” — page 6
Per FY2025 accounts as filed with CCNI.
Payments to trustees: One trustee was employed by the association and received remuneration including employer pension contributions totalling £28,872 and reimbursement of expenses of £1,545. None of this was paid in respect of their role as a trustee. During the year, four trustees received honorarium totalling £895 and £237 in travel expenses.
“One trustee was employed by the association and received remuneration including employer pension contributions totalling £28,872 and reimbursement of expenses of £1,545. None of this was paid in respect of their role as a trustee.” — page 23
Per FY2025 accounts as filed with CCNI.
Employees paid over £60,000: 0
Per FY2025 accounts as filed with CCNI.
Defined-benefit pension deficit: £253k
“The actuarial valuation showed a shortfall in the value of the scheme, a provision for which has been made in these financial statements.”
Per FY2025 accounts as filed with CCNI.
Independent examiner: GMcG BELFAST
Per FY2025 accounts as filed with CCNI.