GRACE CHURCH YATE
The charity is a local church.The church runs meetings open for public worship, childrens clubs, older peoples clubs and gives funds for the relief of poverty in the UK and overseas. The church proclaims the gospel as described in the basis of faith in the constitution and encourages believers in the exercise of this faith, supporting workers in the UK and overseas.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £2,344,209, significantly exceeding the trustees' stated target cash holding of £20,000. The trustees report that the charity is viable, with income from donations and rentals maintaining sufficient levels to cover charitable activities and loan repayments. No material uncertainties or risks to continuing operations were disclosed.
What the accounts disclose
“No employee received remuneration of more than £60,000 during the year (2023 – Nil).” — page 14
“The Trustees seek to maintain cash balances of a minimum of £20,000 to continue the normal church activities for several months if no income is received during those months.” — page 4
“Mr P Pomeroy was paid a salary of £42,840 and pension contributions of £2,196 in the year for the work of full-time elder after appointment as a Trustee of the church during 2023, (2023 £14,280, Pension £732).” — page 18
“The Trustees and related parties donated £61,513 in the year. (2023 £57,252).” — page 18
“Mr P Pomeroy was paid a salary of £42,840 and pension contributions of £2,196 in the year for the work of full-time elder after appointment as a Trustee of the church during 2023, (2023 £14,280, Pension £732).” — page 18
“The Trustees and related parties donated £61,513 in the year. (2023 £57,252).” — page 18
“Mr P Pomeroy was paid a salary of £42,840 and pension contributions of £2,196 in the year for the work of full-time elder after appointment as a Trustee of the church during 2023, (2023 £14,280, Pension £732).” — page 18
“The Trustees and related parties donated £61,513 in the year. (2023 £57,252).” — page 18
Trustees
- Colin Prendergast
- DEREK MORLAND
- GARY WILLIAMS
- JAMES ALEXANDER GULLIFORD
- JONATHAN BARBER
- JONATHAN ROBERT GULLIFORD
- Josiah Louis Carron
- KEITH RAWLINGS
- PAUL LLOYD POMEROY
- Paul Jeal
- STEPHEN WALKER-COX
- TIMOTHY JAMES CHEWTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £287k | £165k |
| 31/12/2023 | £252k | £165k |
| 31/12/2022 | £267k | £148k |
| 31/12/2021 | £269k | £120k |
| 31/12/2020 | £308k | £124k |
Common questions
Is GRACE CHURCH YATE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £2,344,209, significantly exceeding the trustees' stated target cash holding of £20,000. The trustees report that the charity is viable, with income from donations and rentals maintaining sufficient levels to cover charitable activities and loan repayments. No material uncertainties or risks to continuing operations were disclosed. Its FY2024 accounts were independently examined.
What does the highest-paid employee of GRACE CHURCH YATE earn?
Per its FY2024 accounts, the highest-paid employee was in the Under £60,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALMOND TRUST | 1 | £100k |
| GOSPEL PARTNERS TRUST | 1 | £10k |
Charities like this
- GRACE COMMUNITY CHURCH
- GRACE CHURCH SANDBACH
- GRACE CHURCH SALISBURY
- GRACE CHURCH CAVERSHAM
- GRACE VINEYARD CHURCH
- GRACE CHURCH GREENWICH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GRACE CHURCH YATE | £287k | Under £60,000 | 0 | above | — | no doubt |
| GRACE COMMUNITY CHURCH | £126k | — | 0 | unclear | — | no doubt |
| GRACE CHURCH SANDBACH | £121k | — | 0 | unclear | — | no doubt |
| GRACE CHURCH SALISBURY | £392k | — | 0 | unclear | — | no doubt |
| GRACE CHURCH CAVERSHAM | £112k | Under £50,000 | 0 | no_policy | — | no doubt |
| GRACE VINEYARD CHURCH | £101k | — | 0 | above | — | no doubt |