WELL STREET UNITED CHURCH
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £55,983.48, which the trustees note meets their policy of maintaining at least three months of average expenditure. The filing notes a identified need for additional income in the coming year to supplement regular giving, indicating a reliance on future fundraising efforts to maintain financial stability.
What the accounts disclose
“At least 3 months average expenditure is maintained within the general fund as a reserve.”
“The Elders have identified the need in 2023/24 for additional income to supplement our regular giving and this is planned to be achieved by a ‘season of giving’ during the first quarter of the financial year.” — page 1
Trustees
- Andrew Thomas Brazellchair
- Clair Mary Willoughby
- Geoffrey Charles Morris
- James Thomas Knapton
- Lynn Jeanette Billingham
- Margaret Gateley
- Rev Tim Edworthy
- Suzanne Peace
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £103k | £105k |
| 31/08/2024 | £139k | £111k |
| 31/08/2023 | £112k | £143k |
| 31/08/2022 | £145k | £125k |
| 31/08/2021 | £112k | £133k |
Common questions
Is WELL STREET UNITED CHURCH financially healthy?
The accounts state that unrestricted reserves stood at £55,983.48, which the trustees note meets their policy of maintaining at least three months of average expenditure. The filing notes a identified need for additional income in the coming year to supplement regular giving, indicating a reliance on future fundraising efforts to maintain financial stability. Its FY2023 accounts were independently examined.
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