NORCOT MISSION CHURCH
We are an independent evangelical church situated in Reading on the edge of the Dee Park Estate.
Financial health, per its FY2024 accounts
The accounts state that the charity experienced a £5,000 deficit for the year, resulting in a decrease of £5,300 in cash funds, driven by reduced income and increased utility costs. Despite this financial strain and a depletion of reserves, the trustees report that the overall financial health remains good and the charity continues to operate as a going concern.
What the accounts disclose
“A large percentage of our income comes as personal gifts from members of the congregation.” — page 6
“Our Policy is to keep sufficient money in reserve to maintain 9 months’ salary for our Community Pastor, Stephen Proctor, equivalent to £23,800, which is held in the designated Employment Fund.” — page 5
Trustees
- RICHARD TEGGchair
- Marion Angas
- Paul John Savage
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £43k | £47k |
| 31/12/2023 | £42k | £41k |
| 31/12/2022 | £40k | £52k |
| 31/12/2021 | £43k | £52k |
| 31/12/2020 | £43k | £42k |
Common questions
Is NORCOT MISSION CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity experienced a £5,000 deficit for the year, resulting in a decrease of £5,300 in cash funds, driven by reduced income and increased utility costs. Despite this financial strain and a depletion of reserves, the trustees report that the overall financial health remains good and the charity continues to operate as a going concern. Its FY2024 accounts were independently examined.