WALSALL INDEPENDENT EVANGELICAL CHURCH
Advancing the Christian faith for the benefit of the public (in accordance with our STATEMENTS OF BELIEF) by the holding of preaching services, prayer meeting, lectures and study courses, public celebrations of religious festivals, producing and/or distributing literature to enlighten others about the Christian faith.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £7,917 for the year, resulting in a decrease in total net assets from £328,128 to £320,211. The trustees confirm there are no material uncertainties regarding the charity's ability to continue, and free reserves are managed to cover between two and twelve months of fixed expenditure. The charity holds unrestricted funds of £215,195 against a reserves policy that does not set a specific formula but anticipates sufficient levels for foreseeable needs.
What the accounts disclose
“The level of free reserves is not set as a specific formula but is anticipated to be between two and twelve months of the level of fixed expenditure over committed income.”
Trustees
- Mark Webbchair
- Neil Walker
- Ruth Marie Noake
- William John Daniel
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £120k | £128k |
| 31/12/2023 | £105k | £117k |
| 31/12/2022 | £141k | £97k |
| 31/12/2021 | £92k | £97k |
| 31/12/2020 | £88k | £86k |
Common questions
Is WALSALL INDEPENDENT EVANGELICAL CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £7,917 for the year, resulting in a decrease in total net assets from £328,128 to £320,211. The trustees confirm there are no material uncertainties regarding the charity's ability to continue, and free reserves are managed to cover between two and twelve months of fixed expenditure. The charity holds unrestricted funds of £215,195 against a reserves policy that does not set a specific formula but anticipates sufficient levels for foreseeable needs.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £124k |
| THE FYRISH FOUNDATION | 1 | £14k |
| THE HOBSON CHARITY LIMITED | 1 | £5k |
| THE GRIMMITT TRUST | 1 | £4k |
| WEST ROW BAPTIST CHURCH | 1 | £2k |
| THE COLE CHARITABLE TRUST | 1 | £2k |
| DUMBRECK CHARITY | 1 | £500 |
Charities like this
- WALL HEATH EVANGELICAL FREE CHURCH
- THE FELLOWSHIP OF INDEPENDENT EVANGELICAL CHURCHES
- THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK WALTHAM FOREST CHURCH
- THE C3 CHURCH
- ARK COMMUNITY CHURCH SUTTON COLDFIELD
- CARSHALTON BEECHES BAPTIST FREE CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WALSALL INDEPENDENT EVANGELICAL CHURCH | £120k | — | 0 | unclear | — | no doubt |
| WALL HEATH EVANGELICAL FREE CHURCH | £333k | — | 0 | unclear | — | no doubt |
| THE FELLOWSHIP OF INDEPENDENT EVANGELICAL CHURCHES | £1.7m | — | — | above | — | no doubt |
| THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK WALTHAM FOREST CHURCH | £2.6m | — | — | above | — | no doubt |
| THE C3 CHURCH | £2.4m | — | 0 | unclear | — | no doubt |
| ARK COMMUNITY CHURCH SUTTON COLDFIELD | £203k | £41,688 | 0 | unclear | — | no doubt |