HEMEL HEMPSTEAD COMMUNITY CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £1,236 for the year ended 31 March 2023, which is worse than the previous year's surplus. The trustees note that unrestricted funds should be maintained at a minimum level equivalent to between three and six months' expenditure, and current unrestricted reserves of £102,200 are significantly above this policy target.
What the accounts disclose
“The revised policy is that unrestricted funds (funds that have not been designated for a specific use) should be maintained at a minimum level equivalent to between three and six-months' expenditure.”
Register events
- Received assets from another charity (18/07/2024)
Trustees
- CHRISTOPHER JOHN BENNETT
- DAVID JOHN YOUNG
- KEITH DEREK MARTIN
- RICHARD WINSKI
- ROBERT JAMES TATE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £152k | £159k |
| 31/03/2024 | £169k | £158k |
| 31/03/2023 | £152k | £153k |
| 31/03/2022 | £171k | £145k |
| 31/03/2021 | £151k | £127k |
Common questions
Is HEMEL HEMPSTEAD COMMUNITY CHURCH financially healthy?
The accounts state that the charity reported a net deficit of £1,236 for the year ended 31 March 2023, which is worse than the previous year's surplus. The trustees note that unrestricted funds should be maintained at a minimum level equivalent to between three and six months' expenditure, and current unrestricted reserves of £102,200 are significantly above this policy target. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| TWO RIDINGS COMMUNITY FOUNDATION | 1 | £18k |