CHRIST CHURCH ST LEONARDS OLD BUILDINGS TRUST
The Objects of the Trust are1.the advancement and promotion of theological education and training for lay and ordained persons in the Church of England;2.meeting rooms for the ecclesiastical parish of Christ Church and St Mary Magdalen, St Leonards-on-Sea;3.accommodation for clergy and their families within the Church of England;4.for other charitable purposes connected with the Church of England
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £61,156 for the year, reducing unrestricted funds from £1,015,706 to £954,550. The trustees maintain a reserves policy target of approximately £40,000 to cover unexpected repairs, and actual unrestricted reserves of £954,550 are significantly above this stated target. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts or the keeping of accounting records.
What the accounts disclose
“It is the intention of the trustees to have a small reserve to cope with any unexpected repairs and maintenance, this will be in the order of £40k.” — page 4
Structured financials (annual return, FY ending 31/03/2023)
Trustees
- ANDREW DOUGLAS KNIGHT
- MAUREEN ELIZABETH HARMAN
- Paul Lewis
- Peter James King
- Rev Nicholas Stewart Reade
- Rev THOMAS PHILIP VALENTINE CROWLEY
- Susan Parsons
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £39k | £20k |
| 31/03/2024 | £121k | £182k |
| 31/03/2023 | £871k | £148k |
| 31/03/2022 | £35k | £24k |
| 31/03/2021 | £32k | £9k |
Common questions
Is CHRIST CHURCH ST LEONARDS OLD BUILDINGS TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £61,156 for the year, reducing unrestricted funds from £1,015,706 to £954,550. The trustees maintain a reserves policy target of approximately £40,000 to cover unexpected repairs, and actual unrestricted reserves of £954,550 are significantly above this stated target. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts or the keeping of accounting records. Its FY2025 accounts were independently examined.