MERCIAN COMMUNITY TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity generated a total surplus of £11,038 for the year, increasing its total reserves to £270,681. However, the unrestricted reserves showed a deficit of £3,331, which the trustees attribute to the need to reverse the current deficit in unrestricted funds through future fundraising and strategic discussions. The going concern basis is supported by the assurance that the Diocesan Board of Finance would secure any unrestricted reserve deficit if insufficient income was generated.
What the accounts disclose
“No employee had emoluments in excess of £60,000 (2023: none).” — page 18
“As the Trust is fundamentally involved in overseeing projects, the reserves policy is to hold sufficient funds to cover the Governance costs of running the Charity.” — page 7
“With the assurance the Diocesan Board of Finance would secure any unrestricted reserve deficit if insufficient income was generated from projects towards administration costs; for this reason they continue to adopt the going concern basis in preparing the financial statements.”
Corporate structure
- Registered company of the charity Companies House 04345177
Trustees
- Rev Preb Terry Bloorchair
- JOSEPHINE LOCKE
- JULIE JONES
- Jessamine Dace
- Jonathan Richard Leigh Hill
- ROGER BECKETT MARSH B MET
- Tug Wilson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £168k | £157k |
| 31/12/2023 | £133k | £209k |
| 31/12/2022 | £214k | £201k |
| 31/12/2021 | £72k | £95k |
| 31/12/2020 | £97k | £108k |
Common questions
Is MERCIAN COMMUNITY TRUST financially healthy?
The accounts state that the charity generated a total surplus of £11,038 for the year, increasing its total reserves to £270,681. However, the unrestricted reserves showed a deficit of £3,331, which the trustees attribute to the need to reverse the current deficit in unrestricted funds through future fundraising and strategic discussions. The going concern basis is supported by the assurance that the Diocesan Board of Finance would secure any unrestricted reserve deficit if insufficient income was generated. Its FY2024 accounts were audited by HaysMac LLP.
What does the highest-paid employee of MERCIAN COMMUNITY TRUST earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE WESTMINSTER FOUNDATION | 1 | £200k |