LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY
Financial health, per its FY2024 accounts
The accounts state that total reserves increased to £93,901, with a net movement in funds of £25,951 for the year. The trustees maintain a policy to keep working capital for the next twelve months and retain funds for unexpected expenditure. The independent examiner reported no matters requiring attention, indicating the accounts comply with accounting records and statutory requirements.
What the accounts disclose
“The policy of the Trustees is to maintain the General reserve at a level to provide working capital for the next twelve months and to retain sufficient funds to meet a reasonable level of unexpected or unbudgeted expenditure.” — page 3
Year-over-year changes
- Going concern: going-concern doubt noted (FY2023) → no going-concern doubt (FY2024).
Trustees
- Rev Craig Neil Muirchair
- DAPHNE MARGARET BEALE
- GILLIAN FRANCES ABLETHORPE
- Geetha Balasubramaniam
- PETER RIPPON
- UNA HUBBARD
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £127k | £101k |
| 31/12/2023 | £102k | £120k |
| 31/12/2022 | £116k | £96k |
| 31/12/2021 | £87k | £119k |
| 31/12/2020 | £84k | £92k |
Common questions
Is LOUGHBOROUGH UNITED REFORMED CHURCH CHARITY financially healthy?
The accounts state that total reserves increased to £93,901, with a net movement in funds of £25,951 for the year. The trustees maintain a policy to keep working capital for the next twelve months and retain funds for unexpected expenditure. The independent examiner reported no matters requiring attention, indicating the accounts comply with accounting records and statutory requirements. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE THERMOSAFE FOUNDATION | 1 | £16k |
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