Charity Accounts Intelreading the accounts so you don’t have to

THE LIGHTWAVE COMMUNITY C.I.O.

Registered charity 1193242 · accounts filings on the Charity Commission register · also known as THE SUFFOLK FRESH EXPRESSIONS COMMUNITY

Latest income
£378k
Latest spending
£221k
Registered
2021
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that total income increased by 46% to £261k, driven largely by a transfer of £117k from Bridge Communities and increased voluntary donations. The charity holds total funds of £295,610, with £14,771 classified as unrestricted, against a reserves policy target of two months' operating costs plus one month's direct salary costs. The trustees note that while resources are adequate for the foreseeable future, certain activities would need to be curtailed if short-to-medium term grant funding does not continue.

What the accounts disclose

Highest-paid employee band: Under £60,000 — above the median for charities its size (£60k)
“There were no employees whose annual renumeration was more than £60,000” — page 44
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: two months operating costs of individual Hubs/Groups, plus an additional one month’s direct salary costs and the amounts of any external commitments (held: £15k)
“It is the policy of the CIO to maintain a balance across all funds equivalent to 2 months operating costs of individual Hubs/Groups, plus an additional one month’s direct salary costs and the amounts of any external commitments.”
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“At the time of approving the financial statements, the Trustees have a reasonable expectation that the charity has adequate resources to continue in operational existance for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. In addition to regular donations/giving, where posts are supported by grant funding, the Trustees have a reasonable expectation of that funding continuing until the end of 2027. As with any organisation reliant on short to medium term funding for part of its operations certain activities would need to be curtailed should that funding not be ongoing.” — page 40
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Suffolk

Income and spending

Financial year endIncomeSpending
31/12/2024£378k£221k
31/12/2023£179k£121k
31/12/2022£157k£123k
31/12/2021£100k£70k

Common questions

Is THE LIGHTWAVE COMMUNITY C.I.O. financially healthy?

The accounts state that total income increased by 46% to £261k, driven largely by a transfer of £117k from Bridge Communities and increased voluntary donations. The charity holds total funds of £295,610, with £14,771 classified as unrestricted, against a reserves policy target of two months' operating costs plus one month's direct salary costs. The trustees note that while resources are adequate for the foreseeable future, certain activities would need to be curtailed if short-to-medium term grant funding does not continue. Its FY2024 accounts were independently examined.

What does the highest-paid employee of THE LIGHTWAVE COMMUNITY C.I.O. earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.

Who funds THE LIGHTWAVE COMMUNITY C.I.O.?

Funders whose own accounts filings name THE LIGHTWAVE COMMUNITY C.I.O. as a grant recipient include THE ROYAL COUNTRYSIDE FUND.

Known funders

Grants to this charity found in funders’ own accounts filings.

FunderYearAmount
THE ROYAL COUNTRYSIDE FUNDFY2024£5k

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