GRACE CHURCH BROCKLEY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £14,500 for the year, resulting in a decrease in unrestricted fund reserves from £128,075 to £114,832. The trustees consider that a prudent reserve of around £30,000-£60,000 should be maintained, noting that the current unrestricted reserves of £114,832 are above this target range. The charity is dependent on donations from members and individual donors for funding.
What the accounts disclose
“Consequently, the Directors consider that whilst this remains the case a prudent reserve of around 3-6 months of annual expenditure should be maintained, which equates to around £30,000-£60,000.” — page 6
“During the year the charity: a) received donations (including related gift aid) totalling £44,670 (2023: £35,131) from related parties (which includes trus tees , any other members of key management and anyone clos ely connected to them). b) except for the reimburs ement of expens es incurred when acting as agent for the charity, no expens es (2023: £nil) were paid to, or for, the trus tees . E xcept as dis clos ed in note 4 'S taff cos ts ', there have been no other trans actions with related parties during the year.”
Funders the charity credits
- Josiah Ventures
- Crosslinks
Register events
- Received assets from another charity (17/06/2024)
Trustees
- SIMON ABRAMSchair
- Christopher Allen
- James Eaton
- Laurence Fu-Ta Lee-Tsang-Tan
- Robert Honeysett
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £151k | £169k |
| 31/08/2024 | £158k | £172k |
| 31/08/2023 | £154k | £146k |
| 31/08/2022 | £191k | £137k |
| 31/08/2021 | £156k | £125k |
Common questions
Is GRACE CHURCH BROCKLEY financially healthy?
The accounts state that the charity reported a net expenditure of £14,500 for the year, resulting in a decrease in unrestricted fund reserves from £128,075 to £114,832. The trustees consider that a prudent reserve of around £30,000-£60,000 should be maintained, noting that the current unrestricted reserves of £114,832 are above this target range. The charity is dependent on donations from members and individual donors for funding. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ALMOND TRUST | 1 | £30k |
| GOSPEL PARTNERS TRUST | 1 | £9k |