VERTICAL CHURCH YEOVIL
The advancement of the christian religion by means of broadcasting christian messages of an evangelistic and teaching nature, for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals; producing and/or distributing literature on christianity to enlighten others
Financial health, per its FY2024 accounts
The accounts state that the charity holds £50,188 in unrestricted cash funds, which is £10,000 above its stated reserves policy target. The trustees confirm there are no uncertainties regarding the charity's ability to continue as a going concern for the foreseeable future.
What the accounts disclose
“IT IS THE POLICY OF THIS CHURCH TO HOLD IN RESERVES THE EQUIVALENT OF TWO MONTHS GENERAL RUNNING COSTS AND AN ADDITIONAL ONE MONTH’S SALARY COSTS. IT IS ALSO OUR POLICY TO HOLD AN AMOUNT FOR UNEXPECTED EXPENDITURE.”
Trustees
- Lazar Stefan Ionitachair
- Dr Ciprian Cociuba
- Ovidiu Emanuel Mocanu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £56k | £53k |
| 31/12/2023 | £45k | £46k |
| 31/12/2022 | £38k | £29k |
| 31/12/2021 | £38k | £18k |
| 31/01/2021 | £38k | £18k |
Common questions
Is VERTICAL CHURCH YEOVIL financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds £50,188 in unrestricted cash funds, which is £10,000 above its stated reserves policy target. The trustees confirm there are no uncertainties regarding the charity's ability to continue as a going concern for the foreseeable future. Its FY2024 accounts were independently examined.