Queens Park Baptist Church
Latest income
£584k
Latest spending
£612k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity reported a net deficit of £28,131 for the year ended 31 March 2025, a reversal from the previous year's surplus, driven by increased staff costs and utility expenses. Despite the deficit, the charity holds unrestricted reserves of £2,094,420, which significantly exceed its stated policy target of three months' salary expenditure. The trustees and auditors confirm that the charity is a going concern with no material uncertainties identified.
What the accounts disclose
Payments to trustees: One trustee (Senior Pastor) received remuneration of £47,923 (salary/book allowance) plus £5,305 pension contributions. Reimbursement of £2,521 for business mileage was also paid.
“One trustee, remunerated in respect of his appointment as senior pastor. He receives no remuneration or expenses for his trustee role. In the year to 31 March 2025 he received salary and book allowance totalling £47,923, and reimbursement for business mileage of £2,521. Employer pension contributions of £5,305 were paid to the Baptist Pension Scheme.”
Per FY2025 accounts as filed with OSCR.
Related-party transaction: Donations from trustees
“During the year a total of £23,852 (2024: £22,830) was donated to the church by the Trustees.” — page 22
Per FY2025 accounts as filed with OSCR.