Seagate Evangelical Church
Latest income
£347k
Latest spending
£405k
Accounts read
FY2025
Financial health, per FY2025 accounts
The accounts state that the charity incurred a deficit of £58,304 for the year ended 31 March 2025, resulting in total funds decreasing from £227,062 to £168,758. The trustees report that they have exceeded their reserves policy target of retaining sufficient general reserves to cover operational costs totalling £45,000. Despite the deficit, the trustees consider the charity to be a going concern based on ongoing support from members.