SHEPSHED WORD OF LIFE CHURCH
Latest income
£182k
Latest spending
£217k
Registered
2010
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £6,206 for the year ended 31 March 2024, with total expenditure of £112,411 exceeding income of £102,856. Per the trustees' report, the church distinguishes between operational and exceptional expenditure and utilizes a 3-year projection to ensure it does not risk going into debt.
What the accounts disclose
Reserves policy: 3-year projection which ensures that the Church will not risk going into debt (held: £259k)
“The Church distinguishes between operational expenditure and exceptional expenditure, and has a 3-year projection which ensures that the Church will not risk going into debt.. The operational expenditure is budgeted to not exceed the income.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: S J Clarke received remuneration of £43,440 for his role as Pastor.
“One of the two employees (S J Clarke) is a trustee and his remuneration was £43440 (2023: £39307). He receives remuneration for his role as Pastor and not for his role as a trustee.” — page 17
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations made by trustees to the Church
“Total donations made by trustees to the Church during the year was £21,652.” — page 18
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Alex Matthew Warren BSc, BTh.
- David Eric Bottomley MA
- MR CHRIS JONES
- MR PHIL COTTRELL
- NIGEL RALPH HOLMES
- SIMON JOHN CLARKE BA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £182k | £217k |
| 31/03/2024 | £154k | £180k |
| 31/03/2023 | £167k | £198k |
| 31/03/2022 | £486k | £481k |
| 31/03/2021 | £368k | £91k |
Common questions
Is SHEPSHED WORD OF LIFE CHURCH financially healthy?
The accounts state that the charity reported an operating loss of £6,206 for the year ended 31 March 2024, with total expenditure of £112,411 exceeding income of £102,856. Per the trustees' report, the church distinguishes between operational and exceptional expenditure and utilizes a 3-year projection to ensure it does not risk going into debt. Its FY2024 accounts were independently examined.