LIGHT AND LIFE FREE METHODIST CHURCH EAST CORNWALL
Promoting and spreading the gospel of Jesus Christ and enabling ordinary people to live out their faith. To relieve sickness and financial hardship and to promote and preserve good health through funds, goods or services of any kind including through the provision of pastoral advice and support and the advancement of education. To run St Austell Foodbank seeded by the Trussel Trust.
Financial health, per its FY2024 accounts
The accounts state that free reserves are £105,191, which equates to 7.1 months of unrestricted fund expenditure, a level the trustees consider prudent. The charity reported a net income increase to £68,942 for the year ended 31 December 2024, up from a net expenditure in the prior year. Total net assets rose to £513,046, supported by unrestricted funds of £265,415 and restricted funds of £247,631.
What the accounts disclose
“It is the policy of Light and Life FMC East Cornwall to maintain a balance of unrestricted funds when available to meet unforeseen situations.” — page 8
“Total donations of £38,628 (2023: £14,635) were received from 5 (2023: 4) trustees.” — page 20
Trustees
- David Horwell
- Fay Lewry
- Peter Godfrey
- Timothy Rowe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £443k | £374k |
| 31/12/2023 | £331k | £338k |
| 31/12/2022 | £325k | £392k |
| 31/12/2021 | £364k | £351k |
| 31/12/2020 | £383k | £372k |
Common questions
Is LIGHT AND LIFE FREE METHODIST CHURCH EAST CORNWALL financially healthy?
Per its FY2024 accounts: The accounts state that free reserves are £105,191, which equates to 7.1 months of unrestricted fund expenditure, a level the trustees consider prudent. The charity reported a net income increase to £68,942 for the year ended 31 December 2024, up from a net expenditure in the prior year. Total net assets rose to £513,046, supported by unrestricted funds of £265,415 and restricted funds of £247,631. Its FY2024 accounts were independently examined.