THE ST NICHOLAS COLE ABBEY CENTRE FOR WORKPLACE MINISTRY LIMITED
To advance the Christian faith for the benefit of the public through: a lunchtime ministry of an evangelistic and teaching nature to the local working community; supporting other workplace ministries by providing facilities for ministry staff; providing facilities that enable small group and one-to-one meetings and occasional events; and ensuring that our primary facility is fit for purpose.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £40,905 for the year, resulting in a decrease in total funds from £388,769 to £347,864. The trustees note that unrestricted reserves (cash at bank) of £100,127 represented slightly less than two months of expenditure, which is just below their stated policy target of two months. Despite the deficit, the trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“As at 31 December 2024, SNCA had cash at bank and in hand of £100,127 (2023: £106,061), which represented a little less than two months of total expenditure.” — page 5
“Total donations made to the church by trustees during the year amounted to £43,819 (2023: £62,570). The charity rented a property which was owned jointly by Reverend Christopher Fishlock (one of the Key Management Personnel), Mrs Caroline Fishlock (the wife of Reverend Christopher Fishlock), and a third party. The total amount of rent paid was £35,488 (2023: £27,575). Mrs Caroline Fishlock was employed as part time finance manager during the year under review and received a gross salary of £25,000 (2023: £22,268). Distaff Lane Coffee Limited (A wholly-owned subsidiary of SNCA) During the year Distaff Lane Coffee Limited made payments to SNCA amounting to £53,026 consisting of £10,026 (2023: £9,633 ) for the provision of staff for the Wren and £43,000 (2023: £10,000) in donations. In 2023 a loan of £7,625 to Distaff Lane Coffee Limited was written off. No loans were made to Distaff Lane Coffee Limited during the year ended 31 December 2024. Distaff Lane Coffee Limited made donations in kind of coffee and cakes for 1-2-1 bible reading and staff lunches of £2,500 during the year (2023: £1,970). Page 18” — page 20
“Distaff Lane Coffee Limited (A wholly-owned subsidiary of SNCA)”
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ANDREW NIGEL MALCOLM WALES
- Christian James Stuart
- Christopher Edward Steel
- David Angus Campbell Meiklejohn
- Douglas Alexander Harper Orr
- MR GREGORY ALLAN BRISK
- Perry King Man Fung
- Rev Christopher Douglas Fishlock
- Rev Thomas Cecil William Wright
- Ruth Brisbane Taylor
- Tricia Hemans Owusu-Sekyere
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £575k | £616k |
| 31/12/2023 | £546k | £638k |
| 31/12/2022 | £603k | £594k |
| 31/12/2021 | £603k | £518k |
| 31/12/2020 | £483k | £502k |
Common questions
Is THE ST NICHOLAS COLE ABBEY CENTRE FOR WORKPLACE MINISTRY LIMITED financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £40,905 for the year, resulting in a decrease in total funds from £388,769 to £347,864. The trustees note that unrestricted reserves (cash at bank) of £100,127 represented slightly less than two months of expenditure, which is just below their stated policy target of two months. Despite the deficit, the trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.