Charity Accounts Intelreading the accounts so you don’t have to

REAL LIFE CHURCH, SUTTON COLDFIELD

Registered charity 1149821 · accounts filings on the Charity Commission register

Latest income
£279k
Latest spending
£259k
Registered
2012
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure deficit of £4,651 for the year ended 31 December 2023, resulting in a decrease in net assets to £371,377. Despite this deficit, the trustees confirmed that the charity holds unrestricted cash of £399,991, which exceeds its stated reserves policy target of £120,000, and concluded that adequate resources exist to continue operating for the foreseeable future.

What the accounts disclose

Reserves policy: no less than £120k (held: £400k)
“The trustees have determined that the Church should aim to hold unrestricted cash of no less than £120k (which equates to about six months' of unrestricted expenditure)” — page 5
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Public fundraising profile: JustGiving — Real Life Church (matched by registered charity number).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Birmingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£279k£259k
31/12/2023£247k£252k
31/12/2022£228k£180k
31/12/2021£228k£180k
31/12/2020£226k£165k

Common questions

Is REAL LIFE CHURCH, SUTTON COLDFIELD financially healthy?

The accounts state that the charity reported a net expenditure deficit of £4,651 for the year ended 31 December 2023, resulting in a decrease in net assets to £371,377. Despite this deficit, the trustees confirmed that the charity holds unrestricted cash of £399,991, which exceeds its stated reserves policy target of £120,000, and concluded that adequate resources exist to continue operating for the foreseeable future. Its FY2023 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HOLY TRINITY SUTTON COLDFIELD.