METTINGHAM ORTHODOX TRUST
The Trust seeks to develop, for the benefit of the public, the College of Our Lady of Mettingham on the Norfolk/Suffolk border, a large country house with a purpose-built Orthodox Church in its grounds as a contemporary centre promoting Orthodox Christian worship, pilgrimage and education. The Trust ensures that the College and church is open everyday and invites people to "come and see".
Financial health, per its FY2024 accounts
The accounts state that the Trust recorded an overall deficit of £14,432 for the year, reducing total funds from £36,504 to £22,072. However, the Trustees consider the remaining unrestricted balance of £17,024 appropriate and sufficient to support ongoing operations into 2025.
What the accounts disclose
“Total income for the year was £38,893, comprising £4,323 of unrestricted income and £34,570 of restricted funds. The majority of restricted income related to donations for the Ikonostasis and Church Beautification Fund (£26,404)” — page 3
“The Trustees’ policy is to maintain unrestricted reserves equivalent to at least three months of normal operating expenditure to ensure continuity of activities and provide a safeguard against unforeseen events.” — page 3
Trustees
- REV ANDREW MICHAEL GEOFFREY BONDchair
- DANIEL PRICE
- Nicholas Mathewson
- Rev MARK JOHN RUSSELL TATTUM-SMITH
- Sergiu Sacaliuc
- Tatiana Blana
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £39k | £53k |
| 31/12/2023 | £17k | £4k |
| 31/12/2022 | £10k | £21k |
| 31/12/2021 | £14k | £650 |
| 31/12/2020 | £10k | £609 |
Common questions
Is METTINGHAM ORTHODOX TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the Trust recorded an overall deficit of £14,432 for the year, reducing total funds from £36,504 to £22,072. However, the Trustees consider the remaining unrestricted balance of £17,024 appropriate and sufficient to support ongoing operations into 2025. Its FY2024 accounts were independently examined.