LIFE CHURCH (EUROPE)
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net income surplus of £43,036 for the year ended 31 August 2023, with total incoming resources of £960,495. Per the trustees' report, free reserves stood at £670,700, which is below the stated policy target of approximately three months' salary costs. The charity holds significant unrestricted funds totaling £2,748,483, primarily held in a designated fund for future building expenditure.
What the accounts disclose
Structured financials (annual return, FY ending 31/08/2025)
Trustees
- David McLaughlin
- Lorna Beedham
- MATTHEW WATTIS
- Rev Daniel Paul Murphy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £1.2m | £969k |
| 31/08/2024 | £993k | £801k |
| 31/08/2023 | £960k | £712k |
| 31/08/2022 | £613k | £689k |
| 31/08/2021 | £447k | £464k |
Common questions
Is LIFE CHURCH (EUROPE) financially healthy?
The accounts state that the charity reported a net income surplus of £43,036 for the year ended 31 August 2023, with total incoming resources of £960,495. Per the trustees' report, free reserves stood at £670,700, which is below the stated policy target of approximately three months' salary costs. The charity holds significant unrestricted funds totaling £2,748,483, primarily held in a designated fund for future building expenditure. Its FY2023 accounts were independently examined.