CHRIST FIRST WATFORD
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £23,091 for the year, resulting in a decrease in total unrestricted funds from £175,635 to £137,375. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding its going concern status.
What the accounts disclose
“The target level of general reserves is approximately six months operating expenses for the ongoing church activities, which equates to approximately £70,000, plus additional funds to invest in our building.” — page 7
Register events
- Received assets from another charity (04/12/2012)
Trustees
- Alex Christopher Steed
- Andrew David Smith
- ELizabeth Holop
- JERRY ABRAHAM
- LORRAINE SUSAN DUFF
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £142k | £152k |
| 31/03/2024 | £153k | £176k |
| 31/03/2023 | £167k | £211k |
| 31/03/2022 | £197k | £175k |
| 31/03/2021 | £125k | £126k |
Common questions
Is CHRIST FIRST WATFORD financially healthy?
The accounts state that the charity reported a net expenditure of £23,091 for the year, resulting in a decrease in total unrestricted funds from £175,635 to £137,375. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future, with no material uncertainties identified regarding its going concern status. Its FY2024 accounts were independently examined.
Who funds CHRIST FIRST WATFORD?
Funders whose own accounts filings name CHRIST FIRST WATFORD as a grant recipient include THE ARK COMMUNITY CHURCH.
Known funders
| Funder | Year | Amount |
|---|---|---|
| THE ARK COMMUNITY CHURCH | FY2023 | £1k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BANBURY CHARITIES | 1 | £9k |
| REDEEMER CHURCH CHESTER LE STREET | 1 | £9k |