FREEDOM CHURCH NETWORK
Financial health, per its FY2023 accounts
The accounts state that total unrestricted funds were £61,383, with free reserves of £58,636 equating to 7 months of unrestricted expenditure. The trustees report that expenditure has been further reduced in the first half of 2024, now equating to 10.4 months of end-of-2023 free reserves. The charity achieved a net deficit of £37,082 for the year, having implemented plans to reduce expenditure towards levels of regular income to achieve long-term financial sustainability.
What the accounts disclose
“It is the policy of Freedom Church Bristol to maintain a balance of unrestricted funds when available to meet unforeseen situations.” — page 6
Trustees
- Rev David A Hullchair
- Adrian John Lewis
- Andrew Simon Fleet
- Kathleen Elizabeth Kernaghan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £106k | £93k |
| 31/12/2023 | £83k | £120k |
| 31/12/2022 | £75k | £122k |
Common questions
Is FREEDOM CHURCH NETWORK financially healthy?
The accounts state that total unrestricted funds were £61,383, with free reserves of £58,636 equating to 7 months of unrestricted expenditure. The trustees report that expenditure has been further reduced in the first half of 2024, now equating to 10.4 months of end-of-2023 free reserves. The charity achieved a net deficit of £37,082 for the year, having implemented plans to reduce expenditure towards levels of regular income to achieve long-term financial sustainability. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WOODLANDS GROUP OF CHURCHES | 1 | £3k |