MYCHURCH
Provide education of the Christian faith through online services
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds increased from £113,032 to £197,137, reflecting a net movement in funds of £84,105 against total income of £230,130. The charity reports adequate resources to continue in operational existence for the foreseeable future, with no restricted funds held. Expenditure on charitable activities totaled £146,025, resulting in a positive financial position at year-end.
What the accounts disclose
“Sufficient reserves are required in order to ensure the viability of the charity in the following areas: 1. To provide day-to-day working capital. 2. To maintain any future charity property. 3. For protection against a decline in income that cannot be easily matched by a reduction in expenditure.” — page 4
“Rob Cates: During the year ended 31 December 2024, expenses totaling £31,396 in the form of honorarium were reimbursed (2023: £0). This relates to work carried out on behalf of the charity. Dr Sharon Stone: During the year ended 31 December 2024, no expenses were reimbursed to Dr Sharon Lynn Stone (2023: £5,000). This relates to work carried out on behalf of the charity.” — page 14
“Rob Cates: During the year ended 31 December 2024, expenses totaling £31,396 in the form of honorarium were reimbursed (2023: £0). This relates to work carried out on behalf of the charity. Dr Sharon Stone: During the year ended 31 December 2024, no expenses were reimbursed to Dr Sharon Lynn Stone (2023: £5,000). This relates to work carried out on behalf of the charity. Prophetic Voice Charity: During the year ended 31 December 2024, received ministry grants of £19,536 (2023: £0) to further the prophetic ministry work, Dr Sharon Stone is a trustee of this charity.” — page 14
Trustees
- Dr SHARON LYNN STONEchair
- ROBERT CATES
- Rev Christopher Bird
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £230k | £146k |
| 31/12/2023 | £219k | £149k |
| 31/12/2022 | £180k | £146k |
| 31/12/2021 | £160k | £165k |
Common questions
Is MYCHURCH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds increased from £113,032 to £197,137, reflecting a net movement in funds of £84,105 against total income of £230,130. The charity reports adequate resources to continue in operational existence for the foreseeable future, with no restricted funds held. Expenditure on charitable activities totaled £146,025, resulting in a positive financial position at year-end. Its FY2024 accounts were independently examined.