KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH)
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves of £823,911 were held at year-end, which the trustees confirmed was sufficient to meet their stated policy target of three months of unrestricted expenditure. The charity reported a net income for the year and holds tangible fixed assets valued at £739,740, while carrying creditors including a Bounce Back Loan.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level that equates to approximately 3 months of unrestricted expenditure.” — page 6
Trustees
- Tafadzwa Kativuchair
- Daniel Peter Rust
- Darren Paul Cox
- David Kitto-Smith
- Gillian Hodsden
- Lucky Chikezie Nwoke
- Pamela Kelsey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £403k | £343k |
| 31/03/2024 | £345k | £365k |
| 31/03/2023 | £288k | £310k |
| 31/03/2022 | £301k | £268k |
| 31/03/2021 | £256k | £239k |
Common questions
Is KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) financially healthy?
The accounts state that unrestricted reserves of £823,911 were held at year-end, which the trustees confirmed was sufficient to meet their stated policy target of three months of unrestricted expenditure. The charity reported a net income for the year and holds tangible fixed assets valued at £739,740, while carrying creditors including a Bounce Back Loan. Its FY2023 accounts were independently examined.
Who funds KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH)?
Funders whose own accounts filings name KINGSGATE COMMUNITY CHURCH (GREAT YARMOUTH) as a grant recipient include NORFOLK COMMUNITY FOUNDATION.
Known funders
| Funder | Year | Amount |
|---|---|---|
| NORFOLK COMMUNITY FOUNDATION | FY2024 | £20k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £16k |
| THE ANCHOR FOUNDATION | 1 | £4k |