GRACE CHURCH SALISBURY
Financial health, per its FY2024 accounts
The accounts state that total income increased by over 10% to £293,000, resulting in a surplus of £30,000 for the year. The charity holds unrestricted reserves of approximately £165,000, which exceeds its stated policy target of three months' operational costs (£70,000). The trustees confirm the charity has adequate resources to continue operating as a going concern.
What the accounts disclose
“The Trustees have set a policy to retain reserves to cover three month’s average monthly operational costs which equated to about £70,000 in this coming financial year.” — page 7
“During the year key management received employment benefits totalling £70,276 (2023: £48,735). No Trustees received employment benefits in either the current or preceding year.” — page 14
Trustees
- Megan Hope Greenstockchair
- Michael John Faulkner
- Peter William Moffat
- STEPHEN HENRY MATHEWS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £392k | £315k |
| 31/08/2024 | £294k | £263k |
| 31/08/2023 | £261k | £213k |
| 31/08/2022 | £232k | £198k |
| 31/08/2021 | £296k | £178k |
Common questions
Is GRACE CHURCH SALISBURY financially healthy?
The accounts state that total income increased by over 10% to £293,000, resulting in a surplus of £30,000 for the year. The charity holds unrestricted reserves of approximately £165,000, which exceeds its stated policy target of three months' operational costs (£70,000). The trustees confirm the charity has adequate resources to continue operating as a going concern. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE BISHOP RADFORD TRUST | 1 | £800 |