THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LTD
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net expenditure of £75,816 for the year ended 31 December 2022, resulting in a decrease in total reserves from £437,023 to £361,207. Despite this deficit, the trustees note that the reserve bank account balance of £141,648 remained more than four times the average monthly expenditure, indicating sufficient liquidity to meet short-term obligations.
What the accounts disclose
“The Charity has a policy by which the equivalent of at least 3 months outgoings are held in a reserve bank account” — page 3
Structured financials (annual return, FY ending 31/12/2021)
Trustees
- Alastair John Offor
- HUGH COLIN STEPHEN McLEAN
- Kerry Jean Guikema
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £236k | £321k |
| 31/12/2023 | £235k | £237k |
| 31/12/2022 | £343k | £419k |
| 31/12/2021 | £517k | £388k |
| 31/12/2020 | £440k | £431k |
Common questions
Is THE INTERNATIONAL COMMUNITY CHURCH FOUNDATION LTD financially healthy?
The accounts state that the charity reported a net expenditure of £75,816 for the year ended 31 December 2022, resulting in a decrease in total reserves from £437,023 to £361,207. Despite this deficit, the trustees note that the reserve bank account balance of £141,648 remained more than four times the average monthly expenditure, indicating sufficient liquidity to meet short-term obligations. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| IGLESIA NI CRISTO (CHURCH OF CHRIST) | 1 | £3.0m |
| BANBURY CHARITIES | 1 | £9k |