LIGHT AND LIFE FREE METHODIST CHURCH WEST CORNWALL
Financial health, per its FY2022 accounts
The accounts state that unrestricted expenditure exceeded income by approximately £63k, resulting in a net decrease in total funds. The trustees report that free reserves of £77k are roughly equivalent to 3.5 months of unrestricted fund expenditure, a level they consider sufficient. The charity maintains positive reserves overall, with total net assets of £1,616,686.
What the accounts disclose
“This is roughly equivalent to 3.5 months unrestricted fund expenditure, a level that the trustees feel is sufficient.” — page 6
Trustees
- DAVID KEITH PARKER
- Gemma Hares
- James Greene
- John Sawyer
- SIMON VANDERPLANK
- William Mark Rapson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £367k | £352k |
| 31/12/2023 | £350k | £319k |
| 31/12/2022 | £315k | £341k |
| 31/12/2021 | £355k | £344k |
| 31/12/2020 | £369k | £292k |
Common questions
Is LIGHT AND LIFE FREE METHODIST CHURCH WEST CORNWALL financially healthy?
The accounts state that unrestricted expenditure exceeded income by approximately £63k, resulting in a net decrease in total funds. The trustees report that free reserves of £77k are roughly equivalent to 3.5 months of unrestricted fund expenditure, a level they consider sufficient. The charity maintains positive reserves overall, with total net assets of £1,616,686. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATALYST NETWORK OF CHURCHES | 1 | £613k |
| GATEWAY CHURCH ASHFORD | 1 | £8k |
| THE ROYAL COUNTRYSIDE FUND | 1 | £5k |