FREEDOM CHURCH NETWORK
Freedom Church Bristol is a Free Methodist Church meeting in Kingswood Bristol, holding a variety of regular church services, educational services, services to relieve financial hardship, public outreach, missionary work and the establishment of new churches according to the same basis of faith.
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?
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. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WOODLANDS GROUP OF CHURCHES | 1 | £3k |
| MISS E F RATHBONE CHARITABLE TRUST | 1 | £2k |
| THE BISHOP RADFORD TRUST | 1 | £2k |
| SKELTON BOUNTY | 1 | £1k |
| IMAGINE IF TRUST | 1 | £350 |
Charities like this
- FREEDOM CHURCH HEREFORD
- FREEDOM CHURCH LIVERPOOL
- FREEDOM CHURCH ROMSEY
- CITY CHURCH BRISTOL
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILIP AND ST JACOB, BRISTOL
- BRISTOL DISTRICT OF THE METHODIST CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FREEDOM CHURCH NETWORK | £106k | — | 0 | above | — | no doubt |
| FREEDOM CHURCH HEREFORD | £862k | — | 0 | unclear | — | no doubt |
| FREEDOM CHURCH LIVERPOOL | £231k | — | 0 | unclear | — | no doubt |
| FREEDOM CHURCH ROMSEY | £635k | — | 0 | above | — | no doubt |
| CITY CHURCH BRISTOL | £683k | £60,001 - £70,000 | 1 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILIP AND ST JACOB, BRISTOL | £281k | — | 0 | above | — | no doubt |