WOLBOROUGH ECCLESIASTICAL CHARITY
The charity has set up a new bank standing order in favour of Wolborough P.C.C. to defray regular items of expenditure in connection with the maintenance of two local churches at running expenses which it has financed in the past. It continues to support two local Church of England schools as well as providing funds for the maintenance of the fabric of St Mary's & St Pauls churches.
Objects
(1) TO FURTHER THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN THE ECCLESIASTICAL PARISH OF ST. MARY, WOLBOROUGH BY:A) REPAIRING AND MAINTAINING THE FABRIC OF ST MARY'S CHURCH; ANDB) MAINTAINING THE CHURCHYARD OF THE CHURCH; ANDC) MAINTAINING THE SERVICES OF THE CHURCH(2) IF AND IN SO FAR AS INCOME OF THE CHARITY CANNOT BE APPLIED TOWARDS THE OBJECT SPECIFIED IN SUB-CLAUSE (1) ABOVE, THE TRUSTEES MAY APPLY IT IN OTHERWISE FURTHERING THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE CHURCH OF ENGLAND IN THE ECCLESIASTICAL PARISH
Financial health, per its FY2024 accounts
The charity reported unrestricted reserves of £102,938 against a total asset base of £111,945, with significant investments valued at £2,914,854. The accounts state that the charity maintains reserve funds for future major repairs, and the independent examiner confirmed no material matters required attention. The charity ended the year with a net decrease in cash balances but held substantial investment assets.
What the accounts disclose
“The Charity has an established policy of maintaining reserve funds for future major repairs and improvements to St Mary's and St Paul's churches in Newton Abbot.” — page 5
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
Trustees
- Stella Ann Llewellynchair
- Danny Glenn Jenkins
- MARGARET ANGELA BATTEN
- PAUL WILLIAM RICHARD HEWSON
- Philip Haynes Cooke
- Samantha Regan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £78k | £100k |
| 31/12/2023 | £71k | £66k |
| 31/12/2022 | £66k | £70k |
| 31/12/2021 | £70k | £75k |
| 31/12/2020 | £66k | £85k |
Common questions
Is WOLBOROUGH ECCLESIASTICAL CHARITY financially healthy?
Per its FY2024 accounts: The charity reported unrestricted reserves of £102,938 against a total asset base of £111,945, with significant investments valued at £2,914,854. The accounts state that the charity maintains reserve funds for future major repairs, and the independent examiner confirmed no material matters required attention. The charity ended the year with a net decrease in cash balances but held substantial investment assets. Its FY2024 accounts were independently examined.