Charity Accounts Intelreading the accounts so you don’t have to

WADE STREET CHURCH, LICHFIELD (UNITED REFORMED AND BAPTIST)

Registered charity 1134904 · accounts filings on the Charity Commission register

Latest income
£302k
Latest spending
£331k
Registered
2010
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure deficit of £14,747 for the year ended 31 December 2024. Despite this loss, the trustees report that the balance sheet remains robust with healthy unrestricted reserves of £691,781, which are deemed sufficient to manage short-term fluctuations in income or expenditure.

What the accounts disclose

Reserves policy: six months' worth of staff salaries and three months' worth of average monthly running costs (held: £692k)
“The policy is to maintain: - Reserves equivalent to six months' worth of staff salaries. - Reserves equivalent to three months' worth of average monthly running costs.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: The Minister, who is also a Trustee, received remuneration and expenses for her role as the full-time minister of the church.
“No Trustees received remuneration from the church for their roles as Trustees. The Minister, who is also a Trustee, received remuneration and expenses for her role as the full-time minister of the church.” — page 24
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Wade Street Church, Lichfield (matched by registered charity number).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Staffordshire

Income and spending

Financial year endIncomeSpending
31/12/2025£302k£331k
31/12/2024£290k£305k
31/12/2023£228k£234k
31/12/2022£186k£191k
31/12/2021£200k£209k

Common questions

Is WADE STREET CHURCH, LICHFIELD (UNITED REFORMED AND BAPTIST) financially healthy?

The accounts state that the charity reported a net expenditure deficit of £14,747 for the year ended 31 December 2024. Despite this loss, the trustees report that the balance sheet remains robust with healthy unrestricted reserves of £691,781, which are deemed sufficient to manage short-term fluctuations in income or expenditure. Its FY2024 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with WHETSTONE BAPTIST CHURCH.