Charity Accounts Intelreading the accounts so you don’t have to

FREE METHODIST CHURCH, GARSTANG

Registered charity 514360 · accounts filings on the Charity Commission register · also known as GARSTANG FREE METHODIST CHURCH

Latest income
£217k
Latest spending
£246k
Registered
1983
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity ended the year with free reserves of £154,370, which is below its stated policy target of approximately two months of expenditure. The charity reported a net expenditure for the year, resulting in a decrease in total funds from £1,620,513 to £1,591,568.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“The attached financial statements give a breakdown of the income and expenditure of the charity during 2024 and show that the charity ended 2024 with free reserves of £154,370 (2023: £159,218). It is the policy of the charity to maintain the free reserves at a level equivalent to approximately two months of expenditure to cover church running costs should income fall.” — page 8
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Year-over-year changes

Comparing this charity’s FY2023 and FY2024 accounts as analysed by this site.

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Lancashire

Income and spending

Financial year endIncomeSpending
31/12/2024£217k£246k
31/12/2023£322k£215k
31/12/2022£224k£218k
31/12/2021£212k£222k
31/12/2020£268k£201k

Common questions

Is FREE METHODIST CHURCH, GARSTANG financially healthy?

The accounts state that the charity ended the year with free reserves of £154,370, which is below its stated policy target of approximately two months of expenditure. The charity reported a net expenditure for the year, resulting in a decrease in total funds from £1,620,513 to £1,591,568. Its FY2024 accounts were independently examined.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with FREE METHODIST CHURCH, FULWOOD.