THE INDEPENDENT METHODIST ASSOCIATION (INCORPORATED)
To promote Evangelical Religion in the United Kingdom and in all or any other parts of the world according to the principles and usages for the time being of Protestants of the Denomination known as Independent Methodists.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £104,614 for the year, driven by expenditure exceeding income before investment gains. The trustees note that the current level of investment reserves is maintained for ongoing sustainability due to the annual deficit, though sufficient funds remain to continue projects. The charity also faces potential future increases in membership levies to cover rising costs.
What the accounts disclose
“However, because of the ongoing annual deficit of income over expenditure (ignoring the proceeds of church sales which cannot be relied on year-on-year), it is considered that the current level of investment reserves needs to be maintained for ongoing sustainability.” — page 8
Year-over-year changes
- Reserves position vs the charity's own policy moved from "above" (FY2023) to "below" (FY2024).
Corporate structure
- Registered company of the charity Companies House 00092321
Company officers (Companies House)
- SOUTHWICK, Eric not on trustee list
- GREEN, Lisa on trustee list
- SWEET, Terry John on trustee list
- WOODALL, Christopher William on trustee list
- SMITH, Pauline Wendy on trustee list
- O'NIONS, Carrie Elizabeth Louise on trustee list
- WHITE, Kay Louise on trustee list
- ROBERTS, Deborah Caron on trustee list
- KENDRICK, Dorothy Lydia on trustee list
- TIPPING, Alison on trustee list
- HAMPSON, William on trustee list
- NEWTON, Shaun on trustee list
- RIDING, Marilyn May on trustee list
Property (HM Land Registry)
Register events
- Received assets from another charity (17/06/2024)
- Received assets from another charity (20/09/2022)
Trustees
- ALISON TIPPING
- Carrie Elizabeth Louise O'Nions
- Christopher William Woodall
- DAVID WILLIAM HUGHES
- DEBORAH CARON ROBERTS
- DOROTHY LYDIA KENDRICK
- Kay Louise White
- LEESA KAY CROCKATT
- Lisa Green
- MARILYN MAY RIDING
- Pauline Wendy Smith
- Shaun Newton
- TERRY JOHN SWEET
- WILLIAM HAMPSON
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £253k | £413k |
| 31/12/2023 | £285k | £457k |
| 31/12/2022 | £470k | £225k |
| 31/12/2021 | £134k | £274k |
| 31/12/2020 | £85k | £205k |
Common questions
Is THE INDEPENDENT METHODIST ASSOCIATION (INCORPORATED) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £104,614 for the year, driven by expenditure exceeding income before investment gains. The trustees note that the current level of investment reserves is maintained for ongoing sustainability due to the annual deficit, though sufficient funds remain to continue projects. The charity also faces potential future increases in membership levies to cover rising costs. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHRIST EMBASSY | 1 | £27k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SOULS, LANGHAM PLACE, LONDON | 1 | £14k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST BARNABAS WOODSIDE PARK | 1 | £8k |
| INTERNATIONAL SERVICE FELLOWSHIP TRUST | 1 | £1k |
Charities like this
- CHRISTIAN ENDEAVOUR HOLIDAY CENTRES LIMITED
- UNITED KINGDOM WORLD EVANGELISM TRUST
- ELM HALL DRIVE METHODIST CHURCH
- ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE SOCIETY OF AFRICAN MISSIONS
- THE INSTITUTE OF COMMERCIAL MANAGEMENT LIMITED
- THE INDEPENDENT SCHOOLS ASSOCIATION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE INDEPENDENT METHODIST ASSOCIATION (INCORPORATED) | £253k | — | 0 | below | — | no doubt |
| CHRISTIAN ENDEAVOUR HOLIDAY CENTRES LIMITED | £597k | — | 0 | unclear | — | no doubt |
| UNITED KINGDOM WORLD EVANGELISM TRUST | £411k | — | 0 | unclear | — | no doubt |
| ELM HALL DRIVE METHODIST CHURCH | £140k | £3,465 | 0 | unclear | — | no doubt |
| ROMAN CATHOLIC PURPOSES ADMINISTERED IN CONNECTION WITH THE SOCIETY OF AFRICAN MISSIONS | £1.1m | — | 0 | unclear | — | no doubt |
| THE INSTITUTE OF COMMERCIAL MANAGEMENT LIMITED | £1.1m | £138,582 | 2 | unclear | — | no doubt |