CROSSGATE CHURCH LTD
Financial health, per its FY2022 accounts
The accounts state that the charity held total unrestricted reserves of £1,363,409, which is below its stated policy target of retaining sufficient reserves for a minimum of two months. Despite this, the trustees report that the charity is well placed to manage its business risks and has adequate resources to continue operational existence for the foreseeable future.
What the accounts disclose
“The level of available, liquid unrestricted funds carried forward at 31 December 2022 was therefore below this target.” — page 8
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2021) to "below" (FY2022).
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Adam Jonah Gardnerchair
- Dr Arnold Wadzanayi Gangaidzo
- Ian Keith Ferguson
- John Robert Parker
- Stephen Barratt
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £456k | £406k |
| 31/12/2023 | £437k | £445k |
| 31/12/2022 | £862k | £431k |
| 31/12/2021 | £498k | £446k |
| 31/12/2020 | £539k | £519k |
Common questions
Is CROSSGATE CHURCH LTD financially healthy?
The accounts state that the charity held total unrestricted reserves of £1,363,409, which is below its stated policy target of retaining sufficient reserves for a minimum of two months. Despite this, the trustees report that the charity is well placed to manage its business risks and has adequate resources to continue operational existence for the foreseeable future. Its FY2022 accounts were independently examined.