CARNFORTH FREE METHODIST CHURCH
Services of worship, prayer and bible study. Children and youth activities. Support, sports and social events for the church & the local community. Support to individuals and charities in the UK & worldwide.
Financial health, per its FY2024 accounts
The accounts state that free reserves increased significantly to £174,253, exceeding the trustees' policy target of two months' expenditure. The charity reports no material uncertainties regarding its ability to continue as a going concern and has fully repaid outstanding bank loans.
What the accounts disclose
“The charity does not have a formal reserves policy however it is the policy of the charity to maintain balances at a level equivalent to approximately two months expenditure to cover church running costs, should income fall.” — page 4
“Both the Lead Pastor and Associate Pastor (who are also Trustees) received remuneration for ministerial work done during the year. Rev C Murgu received gross pay of £31,616 (2023 - £30,141) and pension contributions of £2,370 (2023 - £2,070). Rev I Ellershaw received gross pay of £34,423 (2023 - £32,526) and pension contributions of £2,370 (2023 - £2,070).” — page 10
“The charity provided a loan to CFMC Development Company Limited, a company of which the charity is the sole shareholder” — page 16
Corporate structure
- Trading subsidiary: CFMC DEVELOPMENT COMPANY LIMITED Companies House 08950995
Trustees
- REV PETRU CRISTIAN MURGUchair
- Claire Weymouth
- Dr Mark Jonathan White
- Graih Lewin
- Heidi Boardman
- Ian Rothwell
- John Carter
- Peter Lumb
- Philip Burt
- Rev MAUREEN SURREY
- Susan Wright
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £197k | £179k |
| 31/12/2024 | £308k | £176k |
| 31/12/2023 | £226k | £150k |
| 31/12/2022 | £334k | £153k |
| 31/12/2021 | £300k | £120k |
Common questions
Is CARNFORTH FREE METHODIST CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that free reserves increased significantly to £174,253, exceeding the trustees' policy target of two months' expenditure. The charity reports no material uncertainties regarding its ability to continue as a going concern and has fully repaid outstanding bank loans. Its FY2024 accounts were independently examined.
Charities like this
- FREE METHODIST CHURCH, GARSTANG
- FREE METHODIST CHURCH, FULWOOD
- CARLTON PENTECOSTAL CHURCH
- CARSHALTON BEECHES BAPTIST FREE CHURCH
- WEST ORCHARD UNITED REFORMED CHURCH CHARITY
- PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF THE COCKERMOUTH AREA TEAM
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CARNFORTH FREE METHODIST CHURCH | £197k | — | 0 | above | — | no doubt |
| FREE METHODIST CHURCH, GARSTANG | £217k | — | 0 | below | — | no doubt |
| FREE METHODIST CHURCH, FULWOOD | £492k | — | 0 | above | — | no doubt |
| CARLTON PENTECOSTAL CHURCH | £741k | Under £60,000 | 0 | unclear | — | no doubt |
| CARSHALTON BEECHES BAPTIST FREE CHURCH | £320k | — | 0 | above | — | no doubt |
| WEST ORCHARD UNITED REFORMED CHURCH CHARITY | £162k | — | 0 | unclear | — | no doubt |