FREEDOM CHURCH ROMSEY
Financial health, per its FY2023 accounts
The accounts state that total income was £449,455 against total expenditure of £466,027, resulting in a net deficit for the year. The charity holds £460,047 in cash and £204,055 in fixed assets, with unrestricted funds totaling £95,390. The trustees consider the reserves adequate based on their policy of maintaining three times average monthly expenditure less a month and a half of average income.
What the accounts disclose
“Allocated reserves as at 31 December 2023 were £60,325, and, hence, the reserves are deemed adequate.”
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2022) to "below" (FY2023).
Register events
- Received assets from another charity (02/06/2014)
Trustees
- Martin John Stephenschair
- Amanda Maitland Jones
- Andrew John Gray
- Lesley Anne Kempson
- Wanda Jane Reynolds
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £451k | £444k |
| 31/12/2023 | £449k | £466k |
| 31/12/2022 | £353k | £359k |
| 31/12/2021 | £382k | £358k |
| 31/12/2020 | £445k | £276k |
Common questions
Is FREEDOM CHURCH ROMSEY financially healthy?
The accounts state that total income was £449,455 against total expenditure of £466,027, resulting in a net deficit for the year. The charity holds £460,047 in cash and £204,055 in fixed assets, with unrestricted funds totaling £95,390. The trustees consider the reserves adequate based on their policy of maintaining three times average monthly expenditure less a month and a half of average income. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NEW COMMUNITY CHURCH S.E. LONDON | 1 | £152k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE FYRISH FOUNDATION | 1 | £10k |