THE LIGHTWAVE COMMUNITY C.I.O.
Advancement of the Christian faith in accordance with the doctrines and teachings of the Church of England within the diocese of St Edmundsbury and Ipswich by through missional groups called Lightwave Groups, supported by Rural Hub Churches
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
“There were no employees whose annual renumeration was more than £60,000” — page 44
“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.”
“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
Year-over-year changes
- Going concern: no going-concern doubt (FY2023) → going-concern doubt noted (FY2024).
Funders the charity credits
Trustees
- Damien Chew
- Emma Morris
- Kirk Matthews
- Rev Diane Rose Grano
- Rev Katie de Bourcier
- Rev Sharron Coburn
- Richard Holloway
- Trevor Reeve
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £303k | £339k |
| 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?
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. 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
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| THE ROYAL COUNTRYSIDE FUND | FY2024 | £5k | Small grant to farm support group |
Charities like this
- THE LIGHTHOUSE CHURCH (ALL NATIONS)
- GUIDING LIGHT ASSEMBLY, ENGLAND
- ARK COMMUNITY CHURCH SUTTON COLDFIELD
- THE LANTERN METHODIST CHURCH OF WIMBLEDON AND RAYNES PARK
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, TUNBRIDGE WELLS
- FIRST LOVE CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LIGHTWAVE COMMUNITY C.I.O. | £303k | Under £60,000 | 0 | unclear | — | noted |
| THE LIGHTHOUSE CHURCH (ALL NATIONS) | £567k | — | — | unclear | — | no doubt |
| GUIDING LIGHT ASSEMBLY, ENGLAND | £126k | — | 0 | unclear | — | no doubt |
| ARK COMMUNITY CHURCH SUTTON COLDFIELD | £203k | £41,688 | 0 | unclear | — | no doubt |
| THE LANTERN METHODIST CHURCH OF WIMBLEDON AND RAYNES PARK | £300k | — | 0 | within | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, TUNBRIDGE WELLS | £802k | — | 0 | unclear | — | no doubt |