LIFE CHURCH WARRINGTON
Financial health, per its FY2023 accounts
The accounts state that the charity generated a net income of £64,281 for the year ended 31 December 2023, with total incoming resources of £393,490 against total expenditures of £329,209. Per the trustees' report, total net assets increased to £256,207, supported by a cash balance of £181,259. The trustees operate a reserves policy of holding three months' running costs, noting that £55,373 is held in reserves alongside a £20,000 building reserve.
What the accounts disclose
“The trustees operate a policy of holding 3 months’ running costs in reserves. The core running costs of the charity were £18,458 a month in 2023, so £55,373 is held in reserves.” — page 5
“Three of the trustees were paid during the year as employees of the charity, with emoluments totalling £93,339 as detailed in note 6” — page 14
Trustees
- ADAM DELLER
- Christopher Senior
- Emma Morris
- Esther Goodship
- Jeremy Davies
- Lukas Erich Dewhirst
- Mark Simcock
- SARAH DEWHIRST
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £372k | £359k |
| 31/12/2023 | £393k | £329k |
| 31/12/2022 | £268k | £260k |
| 31/12/2021 | £200k | £191k |
| 31/12/2020 | £202k | £142k |
Common questions
Is LIFE CHURCH WARRINGTON financially healthy?
The accounts state that the charity generated a net income of £64,281 for the year ended 31 December 2023, with total incoming resources of £393,490 against total expenditures of £329,209. Per the trustees' report, total net assets increased to £256,207, supported by a cash balance of £181,259. The trustees operate a reserves policy of holding three months' running costs, noting that £55,373 is held in reserves alongside a £20,000 building reserve. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE SOLA TRUST | 1 | £21k |
| THE FYRISH FOUNDATION | 1 | £10k |