REDLAND PARK UNITED REFORMED CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of £(22,749) for the year, resulting in total funds decreasing from £247,939 to £225,190. The charity holds unrestricted reserves of £181,976 but carries a bank overdraft of £3,502, which the trustees note represents an overspend of unrestricted funds. Additionally, the independent examiner reported a temporary breach of trust where restricted funds were used for unrestricted purposes, creating a deficit that was rectified shortly after the year-end.
What the accounts disclose
“The bank overdraft represents the over spend of unrestricted funds.” — page 15
“I have identified matters of concern in my report relating to a breach of trust. Restricted funds have been used for unrestricted purposes resulting in a deficit in restricted funds of £822 on 11th December 2023.” — page 8
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Trustees
- REV DOUGLAS BURNETTchair
- Andrew Hayden
- Angus Gregson
- Anne Neugebauer Mrs
- Derek Stewart Jones
- Helen Grand
- Jayu Jung
- Jooin Kim
- Martyn Steel
- Myra Elizabeth Jones
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £141k | £141k |
| 31/12/2023 | £167k | £212k |
| 31/12/2022 | £113k | £157k |
| 31/12/2021 | £131k | £127k |
| 31/12/2020 | £131k | £127k |
Common questions
Is REDLAND PARK UNITED REFORMED CHURCH financially healthy?
The accounts state that the charity reported a net movement in funds of £(22,749) for the year, resulting in total funds decreasing from £247,939 to £225,190. The charity holds unrestricted reserves of £181,976 but carries a bank overdraft of £3,502, which the trustees note represents an overspend of unrestricted funds. Additionally, the independent examiner reported a temporary breach of trust where restricted funds were used for unrestricted purposes, creating a deficit that was rectified shortly after the year-end. Its FY2023 accounts were independently examined.
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