WAVERTREE CHRISTIAN COMMUNITY CENTRE
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £23,785 for the year ended 31 March 2024, resulting in total funds decreasing from £160,560 to £136,775. Per the trustees' report, the charity's reserves policy is to maintain unrestricted funds of approximately £24,000 to cover three to six months of payments, and the actual unrestricted reserves of £93,233 are above this target.
What the accounts disclose
“Our policy is to maintain a balance in unrestricted funds to provide for at least three to six months unrestricted payments (circa £24,000)” — page 5
Trustees
- ANDREW FAIRBROTHER
- BEVERLY STEPHENSON BSC
- CAROL WYCHERLEY
- Dr DEBORA EDWARDS DR
- JEANIE TOLMAER
- Kenneth Harris
- Ruth Crispin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £312k | £246k |
| 31/03/2024 | £232k | £256k |
| 31/03/2023 | £247k | £220k |
| 31/03/2022 | £226k | £217k |
| 31/03/2021 | £171k | £187k |
Common questions
Is WAVERTREE CHRISTIAN COMMUNITY CENTRE financially healthy?
The accounts state that the charity reported a net deficit of £23,785 for the year ended 31 March 2024, resulting in total funds decreasing from £160,560 to £136,775. Per the trustees' report, the charity's reserves policy is to maintain unrestricted funds of approximately £24,000 to cover three to six months of payments, and the actual unrestricted reserves of £93,233 are above this target. Its FY2024 accounts were independently examined.
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