Trinity Community Church Hinckley
The principle activities of Trinity Community Church, the working name of Trinity Ministries Hinckley, is to advance the Christian faith in Hinckley and elsewhere.
Financial health, per its FY2024 accounts
The accounts state that unrestricted income increased to £121,038 while total expenditure rose to £149,986, resulting in a net movement in funds of £1,449. Total reserves carried forward are £434,329, which the trustees consider sufficient to meet financial commitments and satisfy mortgage requirements. The charity reports that income is quite predictable and fairly stable, with no significant risk of a sharp fall in reserves.
What the accounts disclose
“To satisfy requirement for a reserves policy as specified in the terms of any mortgage taken out on property owned by the charity. Specifically, while the charity has a mortgage with Kingdom Bank, we are required to maintain available cash reserves of a minimum 20% of committed annual expenditure.” — page 5
“Mr S Dean is remunerated under a contract of employment in accordance with the provisions of Clause 7.1 of the company’s Memorandum of Association. No other trustee received remuneration or reimbursement of expenses incurred in the performance of their duties.” — page 13
“Mr S Dean is remunerated under a contract of employment in accordance with the provisions of Clause 7.1 of the company’s Memorandum of Association. No other trustee received remuneration or reimbursement of expenses incurred in the performance of their duties.” — page 13
Trustees
- JULIAN PAYNE
- John Anthony Pibworth
- Mark Bernard Wassell
- Rev Stuart Dean
- Steven Luke Connor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £129k | £150k |
| 31/12/2023 | £110k | £101k |
| 31/12/2022 | £109k | £103k |
| 31/12/2021 | £210k | £88k |
| 31/12/2020 | £124k | £116k |
Common questions
Is Trinity Community Church Hinckley financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted income increased to £121,038 while total expenditure rose to £149,986, resulting in a net movement in funds of £1,449. Total reserves carried forward are £434,329, which the trustees consider sufficient to meet financial commitments and satisfy mortgage requirements. The charity reports that income is quite predictable and fairly stable, with no significant risk of a sharp fall in reserves. Its FY2024 accounts were independently examined.