LIFE CENTRE STOURBRIDGE
We are a Christian support to the community within Stourbridge. After a local survey of needs in the community, the Management Team decided to initially concentrate on Debt Advice and so Life Centre Debt Advice was launched in association with Community Money Advice (CMA) as part of this initiative. It is expected in future years to expand the outreach of the Life Centre into different projects.
Financial health, per its FY2025 accounts
The accounts state that the charity ended the year in a financially strong position with unrestricted reserves of £40,636.64, which comfortably exceeds the trustees' policy target of three months' operating costs (approximately £20,700). Although employment costs are anticipated to rise in the next financial year, the charity remains within its reserves policy.
What the accounts disclose
“Our major source of income is from Trusts. The regular support from both individuals and churches has decreased slightly.” — page 9
“The Trustees have a policy to retain a level of reserves equivalent to 3 month’s operating costs. Our minimum running costs for a quarter are currently approximately £20,700” — page 10
Funders the charity credits
- The National Lottery
- Naomi Simone Trust
Trustees
- Christopher Heslop
- Malcolm Moss
- Nicola Frances Martin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £45k | £54k |
| 31/03/2024 | £74k | £63k |
| 31/03/2023 | £58k | £36k |
| 31/12/2021 | £34k | £22k |
| 31/12/2020 | £35k | £24k |
Common questions
Is LIFE CENTRE STOURBRIDGE financially healthy?
Per its FY2025 accounts: The accounts state that the charity ended the year in a financially strong position with unrestricted reserves of £40,636.64, which comfortably exceeds the trustees' policy target of three months' operating costs (approximately £20,700). Although employment costs are anticipated to rise in the next financial year, the charity remains within its reserves policy. Its FY2025 accounts were independently examined.
Who funds LIFE CENTRE STOURBRIDGE?
Funders whose own accounts filings name LIFE CENTRE STOURBRIDGE as a grant recipient include THE MICHAEL MARSH CHARITABLE TRUST, YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE MICHAEL MARSH CHARITABLE TRUST | FY2025 | £3k | |
| YORKSHIRE BUILDING SOCIETY CHARITABLE FOUNDATION | FY2025 | £3k |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 03/10/2024 | £20k | Building Blocks for Sustainability |
| The National Lottery Community Fund | 13/01/2023 | £9k | Growing a Strong Volunteer Team |