Vibe Church
Latest income
£142k
Latest spending
£100k
Registered
2009
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £9,249 at the end of the period, with a stated policy to accumulate reserves equivalent to three months' expenditure. The trustees identified an ongoing risk regarding cashflow if income fails to cover day-to-day expenditure.
What the accounts disclose
Reserves policy: three months’ expenditure (held: £9k)
“The Treasurer is authorized to accumulate a sum equivalent to three months’ expenditure as reserves.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The main on going risk is that if income doesn't cover the expenditure to run the church on a day to day basis and there is risk to your ongoing concern/cashflow.”
Per its FY2024 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Trustees
- Anthony Michael David Leechair
- Christopher Martin Bull
- MICHAEL DAVID GRIFFITHS
- Olivier Cyrille Roger Cousin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £142k | £100k |
| 31/12/2023 | £136k | £155k |
| 31/12/2022 | £102k | £99k |
| 31/12/2021 | £68k | £61k |
| 31/12/2020 | £69k | £72k |
Common questions
Is Vibe Church financially healthy?
The accounts state that unrestricted reserves stood at £9,249 at the end of the period, with a stated policy to accumulate reserves equivalent to three months' expenditure. The trustees identified an ongoing risk regarding cashflow if income fails to cover day-to-day expenditure. Its FY2024 accounts were independently examined.