What is the financial size of Way Church?

Way Church is classified as a large charity. In the latest financial year, they reported a total income of £1,656,422 and total expenditure of £1,546,043.

How does Way Church allocate its spending?

For every pound spent, approximately 33.8% goes directly to charitable activities. The remaining 66.2% is spent on raising funds and administration. This is lower than the median for similar-sized charities (97.8%).

What is the workforce structure of Way Church?

Way Church employs 58 staff members and is supported by 206 volunteers.

Does Way Church receive government funding?

To a small extent. Approximately 0.3% of their income comes from government grants or contracts.

Does Way Church pay its trustees?

Yes, the latest data indicates that one or more trustees receive payments or personal benefits from the charity.

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Way Church

#1133425

Charitable company•Large•Registered

https://www.way.church/

The principal activity of the charitable company in the year under review was that of allowing the space created within the church to be occupied and enjoyed for the purpose of preaching and teaching the gospel, in addition to being used for the benefit of the borough. The aim for 2022 is to continue in this vein and to extend the charitable activities of the church.

Registered address

Way Church, The Edge, Riveredge, WIGAN, WN3 5AB

Latest HighlightsFY 2024

Income

All sources

£1,656,422

Expenditure

All activities

£1,546,043

Net Reserves

Unrestricted funds

£0

Total Assets

Gross assets

£5,375,041

Working Capital

Liquidity

£-194,222

Benchmark Performance

Comparing against 8,683 similar large charities

Compare vs:

Reserve Runway

0.0 months

Median: 3.8 monthsBelow typical

Income Growth (1yr)

27.7%

Median: 7.4%Top quartile

Spending Efficiency

33.8%

Median: 97.8%Below typical

Income Concentration

57.2%

Median: 87.9%Top quartile

Fundraising ROI

N/A

Median: 19.2xUnknown

Income Volatility

20.9%

Median: 20.6%Around typical

Self-Generated Income

68.9%

Median: 82.9%Around typical

3-Year Income CAGR

28.0%

Median: 7.8%Top quartile

Efficiency & Health

Charitable Spending

33.8%

Fundraising Eff.

% income retained

N/A

Governance Cost

% of expenditure

Grant Making

% given away

Debt Ratio

% of assets

29.6%

Survival Ratio

Months of reserves

0 months

Income Profile

Donations & Legacies

% of income

Government Reliance

% of income

0.3%

Largest Source

Primary income

Charitable Activities

Diversification

HHI: 5717

Highly Concentrated

Trends

Income Growth (1yr)

Year over Year

27.7%↑

Income CAGR (3yr)

Compound growth

28.0%

Volatility

Moderate Volatility

20.9%

Reserves Trend

Direction

Depleting

Governance

Employees

Staff count

Volunteers

Volunteer count

206

Volunteer Ratio

Per staff member

3.6:1

Revenue/Employee

Per head

£28,559

Trustee Benefits

Payments to trustees

Yes

High Earners

Earning over £60k

Source: Charity Commission annual returns. Figures may differ from published accounts. Always verify with official charity filings for due diligence.

Charts

Income vs Expenditure

Income Sources

Assets vs Liabilities

5 Year Trend

Workforce Scale

Employees & Volunteers

Frequently Asked Questions

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