King's Community Church, Lancaster
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £5,524 for the year, resulting in a decrease in total funds from £735,802 to £730,894. The trustees confirm that budgeted income and expenditure are sufficient with current reserves to continue as a going concern, noting no material uncertainties exist. Unrestricted reserves stood at £729,663, which significantly exceeds the stated policy target of £2,000.
What the accounts disclose
“The Trustees have a policy of carrying minimum reserves of two thousand pounds, in addition to any restricted funds held, to provide funding for unforeseen property repairs and other emergencies.” — page 5
Trustees
- Chris Strahan
- Ife Akintunde
- Nicole Kristine Garcia
- Rosemary Starkey
- Tracy Sibalwa Mwanakatwe
- Trevor James McElhinney
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £111k | £104k |
| 31/03/2024 | £102k | £109k |
| 31/03/2023 | £108k | £113k |
| 31/03/2022 | £99k | £98k |
| 31/03/2021 | £103k | £95k |
Common questions
Is King's Community Church, Lancaster financially healthy?
The accounts state that the charity reported a net expenditure of £5,524 for the year, resulting in a decrease in total funds from £735,802 to £730,894. The trustees confirm that budgeted income and expenditure are sufficient with current reserves to continue as a going concern, noting no material uncertainties exist. Unrestricted reserves stood at £729,663, which significantly exceeds the stated policy target of £2,000. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |