Life Church Falmouth
To Advance the Christian Faith within Cornwall, UK or World as the church council see's fit.To relieve Sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind including counselling and support in Cornwall, UK or the World as the church council see's fit.To advance education in such ways and in such parts of UK/World
Financial health, per its FY2024 accounts
The accounts state that net assets increased to £102,803, driven by a net receipt of £5,330 for the year. The trustees note that unforeseen major decoration and heating replacement costs were met through a specific appeal, and they have determined that reserves should be maintained at approximately three months' normal running costs to meet foreseeable commitments.
What the accounts disclose
“reserves should be maintained at a level whereby they can meet foreseeable financial commitments (approximately 3 months’ normal running costs)”
Trustees
- Rodney McGladechair
- Lesley Carol Belding
- Lynn Merrett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £26k |
| 31/12/2023 | £20k | £21k |
| 31/12/2022 | £16k | £17k |
| 31/12/2021 | £19k | £25k |
| 31/12/2020 | £17k | £13k |
Common questions
Is Life Church Falmouth financially healthy?
Per its FY2024 accounts: The accounts state that net assets increased to £102,803, driven by a net receipt of £5,330 for the year. The trustees note that unforeseen major decoration and heating replacement costs were met through a specific appeal, and they have determined that reserves should be maintained at approximately three months' normal running costs to meet foreseeable commitments. Its FY2024 accounts were independently examined.