TRUE LIFE CHURCH MK
Function as a Christian Church
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves of £43,038 are adequate to meet the charity's policy of holding between three and six months of necessary expenditures. The charity reported a net income surplus of £22,803 for the year, driven by increased donations and event income, while total expenditures rose to £118,775. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“reserves policy of holding at least 3 months value of necessary expenditures and not more than 6 months”
Trustees
- Dylan Luke Russellchair
- Joshua Martheze
- Rob McFarlane
- Stephen Thompson
- Timothy Edward John Morris
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 27/02/2025 | £142k | £119k |
| 27/02/2024 | £96k | £77k |
| 27/02/2023 | £90k | £72k |
| 27/02/2022 | £93k | £31k |
| 27/02/2021 | £28k | £13k |
Common questions
Is TRUE LIFE CHURCH MK financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves of £43,038 are adequate to meet the charity's policy of holding between three and six months of necessary expenditures. The charity reported a net income surplus of £22,803 for the year, driven by increased donations and event income, while total expenditures rose to £118,775. The trustees confirm that resources are adequate and no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.