Word Of Life Community Church Cic

Key Facts

Net Assets

Current: £19,906

Previous: £28,772

Change: -8,866 (-30.8%)

Comment: Substantial drop in net assets and liabilities.

Current Assets

Current: £28,877

Previous: £34,047

Change: -£5,170 (-15.2%)

Comment: Current assets reduced noticeably.

Cash

Current: £19,127

Previous: £24,697

Change: -£5,570 (-22.6%)

Comment: Cash reserves weakened noticeably.

Creditors 1 Year

Current: £12,000

Previous: £9,000

Change: +£3,000 (+33.3%)

Comment: Short‑term creditors increased significantly.

Net Current Assets Liabilities

Current: £16,877

Previous: £25,047

Change: -£8,170 (-32.6%)

Comment: Net current assets fell significantly, reducing short‑term solvency.

Fixed Assets

Current: £3,029

Previous: £3,725

Change: -£696 (-18.7%)

Comment: Fixed assets reduced noticeably.

Turnover

Current: Not reported

Previous: Not reported

Comment: Turnover not reported for either period, which is common for micro‑entity and small business.

Employees

Current: Not reported

Previous: Not reported

Comment: Not reported