Andover Community Church
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of approximately £25,000 for the year, resulting in total unrestricted net current assets of £100,129. This figure exceeds the trustees' stated reserves policy target of £43,412, which represents six weeks of regular expenditure. The trustees confirm that the church remains in a good financial position with no material uncertainties affecting its ability to continue as a going concern.
What the accounts disclose
“The trustees aim to have free reserves (net current assets) in the General Fund which at least equate to six weeks of regular expenditure. Based on the actual expenditure in 2024, this is an amount of £43,412.” — page 4
“In the year £74,798 (2023: £67,140) was paid in respect of salaries and pension contributions to the two trustees who were Ministers and included accommodation rented by the church with total costs of £20,978.” — page 14
“Rev Chris Porter is a trustee of this charity and during the year subscription fees of £7,500 were paid by the church to that charity, There were no related party transaction for the year ended 31 December 2024 except for costs totalling £11,251.43 incurred which related to a Further Faster Networks conference in Atlanta. This event was attended by 5 people from ACC of which 2 were trustees (the senior minister and another trustee). Other conference costs totalling £459 were reimbursed to the second trustee during the year.”
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- Rev CHRISTOPHER DAVID JAMES PORTERchair
- Alexandra Francesca Pugh
- Andrew John Batterson
- Christopher Choules
- David Martin Paul Choules
- JANE ELIZABETH BIDDLECOMBE
- Jamie Frederick Brooker
- Martin Christopher Whitby
- Simon Paul Biddlecombe
- Stephen Peter Alexis Bennett
- Wendene Wignal
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £444k | £424k |
| 31/12/2023 | £334k | £368k |
| 31/12/2022 | £585k | £360k |
| 31/12/2021 | £331k | £307k |
| 31/12/2020 | £337k | £317k |
Common questions
Is Andover Community Church financially healthy?
The accounts state that the charity achieved a surplus of approximately £25,000 for the year, resulting in total unrestricted net current assets of £100,129. This figure exceeds the trustees' stated reserves policy target of £43,412, which represents six weeks of regular expenditure. The trustees confirm that the church remains in a good financial position with no material uncertainties affecting its ability to continue as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WOODLANDS GROUP OF CHURCHES | 1 | £3k |