KERITH COMMUNITY CHURCH

Values shown as filed in the company's annual accounts. — indicates the figure wasn't present under that line item in that period. About these numbers

Margins divide P&L lines by turnover. Gearing is liabilities over total assets. Current ratio is current assets over creditors falling due within one year. Interest cover is operating profit over absolute finance costs. Sector-distribution context coming next.

Accounting basis

FRS 102

Reporting scope

Standalone (parent only)

Auditor

Xeinadin Audit Limited

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The Trustees acknowledge the difficult financial situation we have faced as result of Covid, the cost-of-living crisis and the purchase and lease of new buildings. Despite these challenges, the Trustees are confident in the going concern status of the charity for the foreseeable future, because of a number of factors: We have planned for a balanced budget in 2025. We feel this is achievable through a mixture of expenditure reductions, which have regularly gone underspent in previous years. We have also set sensible income budget targets, which are in step with what we saw between 2023 and 2024. Based on our performance in 2023 and 2024 where we have outperformed our predicted deficits, we believe we can return to surplus in 2025. Our Sunday attendance continues to increase year on year. The Elders and Trustees believe a further increase in numbers of around 40 regular attendees across our Bracknell, Farnborough, Windsor and Isle of Wight sites is achievable in the next 12months, as a result of which we should be able to hit our income targets and be well positioned to finish in a surplus. Our expenditure base, whilst relatively fixed, could be reduced to keep expenditure levels down. We can choose not to replace staff or limit ministry activity in areas that are less utilised. Neither would be desirable, but both are levers at our disposal in the event that our ability to operate as a going concern, comes under pressure.”

Significant events

• “An energy audit was commissioned in late 2024 to assess energy usage across The Kerith Centre and K2 buildings. The findings will inform our strategy to enhance sustainability and reduce energy consumption.”
• “In July 2024, a second residential property owned by Kerith was sold. The proceeds were fully allocated to reducing the mortgage taken out to purchase the Caroline House building in Farnborough, which now has less than £94,000 outstanding.”
• “The renovation project for the Caroline House building was officially introduced to the community in September 2024.”
• “In February, a commercial-grade coffee serving area was installed in Windsor.”
• “In November, the auditorium in Windsor was reconfigured by rotating it 90 degrees to maximize usable space and improve sight lines.”
• “From September 2024, Sunday services have been held at Carisbrooke CE Primary School in Isle of Wight, leading to an increase in new attendees and overall church attendance beginning to grow once again.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

4

last 12 months

Capital events

0

last 24 months

Officers appointed

1

last 12 months

Officers resigned

0

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.

• Turnover

  +13.9%

  £2,041,171 → £2,324,728

• Cash

  +32.7%

  £555,984 → £737,733

• Net assets

  +4.2%

  £4,009,168 → £4,178,304

• Employees

  -4.9%

  41 → 39

• Wages

  +4.7%

  £825,857 → £865,084

Each % is (latest − prior) ÷ |prior| for the line item as filed. The comparison is only shown when the latest and prior accounts cover broadly equal-length periods — short or long stubs (typical around incorporation or a year-end change) are suppressed rather than misrepresented. Lines a company doesn't report are omitted. About these numbers