Way Church
The principal activity of the charitable company in the year under review was that of allowing the space created within the church to be occupied and enjoyed for the purpose of preaching and teaching the Gospel, in addition to being used for the benefit of the borough. The aim for 2022 is to continue in this vein and to extend the charitable activities of the church.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £110,379 for the year ended 31 December 2024, resulting in total unrestricted funds of £3,784,459. However, the charity held net current liabilities of £93,185, which is below the stated target of maintaining a minimum of £150,000 in operating capital to cover employee costs. The trustees and auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“the charity aims to keep this at a minimum of £150,000 to cover approximately 3 months employee costs and to act as operating capital.” — page 5
“Salary shown as trustees remuneration includes an amount paid to Annette Burton in respect of services as Finance Lead. Salary shown as trustees remuneration includes an amount paid to Ben Tarbuck in respect of services as Senior Leader of the Church. Salary shown as trustees remuneration includes an amount paid to Graham Hogg in respect of services as General Manager.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Annette Burton in respect of services as Finance Lead.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Ben Tarbuck in respect of services as Senior Leader of the Church.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Annette Burton in respect of services as Finance Lead.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Ben Tarbuck in respect of services as Senior Leader of the Church.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Annette Burton in respect of services as Finance Lead.” — page 22
“Salary shown as trustees remuneration includes an amount paid to Ben Tarbuck in respect of services as Senior Leader of the Church.” — page 22
Corporate structure
- Registered company of the charity Companies House 06993403
Leadership, per the charity’s website
- Ben Tarbuck — Leader of Way
Company officers (Companies House)
- MACLEOD, Ryan not on trustee list
- SICILIA OLIVEROS, Joy Helen not on trustee list
- ATHERTON, Cathy on trustee list
- TARBUCK, Benjamin Robert on trustee list
- HOGG, Graham on trustee list
- BURTON, Annette Linda on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Joy Helen Sicilia Oliveroschair
- ANNETTE BURTON
- Benjamin Robert Tarbuck
- Cathy Atherton
- Graham Hogg
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.7m | £1.5m |
| 31/12/2023 | £1.3m | £1.2m |
| 31/12/2022 | £1.1m | £1.1m |
| 31/12/2021 | £859k | £694k |
| 31/12/2020 | £822k | £671k |
Common questions
Is Way Church financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £110,379 for the year ended 31 December 2024, resulting in total unrestricted funds of £3,784,459. However, the charity held net current liabilities of £93,185, which is below the stated target of maintaining a minimum of £150,000 in operating capital to cover employee costs. The trustees and auditors confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Fairhurst Audit Services Ltd.
Who funds Way Church?
Funders whose own accounts filings name Way Church as a grant recipient include THE MESSAGE TRUST.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MESSAGE TRUST | FY2024 | £500 | Community Grocery |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £36k |
| THE ST MICHAELS AND ALL SAINTS CHARITY | 1 | £3k |
| HOPE CHURCH HARROGATE | 1 | £3k |
| THE HEART OF ENGLAND BAPTIST ASSOCIATION | 1 | £2k |
| THE MICHAEL MARSH CHARITABLE TRUST | 1 | £2k |
Charities like this
- BANBURY COMMUNITY CHURCH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, FULHAM
- GATEWAY CHURCH
- KINGS CHURCH CENTRE NORWICH
- CENTRE CHURCH
- THE REDEEMED CHRISTIAN CHURCH OF GOD ROYAL CHRISTIAN CENTRE WALSALL
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Way Church | £1.7m | — | 0 | unclear | — | no doubt |
| BANBURY COMMUNITY CHURCH | £245k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER, FULHAM | £420k | — | — | below | — | no doubt |
| GATEWAY CHURCH | £411k | — | 0 | below | — | no doubt |
| KINGS CHURCH CENTRE NORWICH | £1.2m | — | 0 | above | — | no doubt |
| CENTRE CHURCH | £145k | — | 0 | unclear | — | no doubt |