GUY HARLINGS ESTATE
MAKE AVAILABLE LAND OR BUILDINGS AS THE SITE FOR A DIOCESAN AND CATHEDRAL CENTRE FOR THE TRAINING AND CARE OF THE CLERGY AND LAITY.PAY THE STIPENDS OR SALARIES OF ANY SUFFRAGAN BISHOPS OR ASSISTANT BISHOPS OF THE DIOCESE OF CHELMSFORD WHOSE STIPENDS OR SALARIES ARE NO LONGER PAID BY THE CHURCH COMMISSIONERS;
Financial health, per its FY2024 accounts
The accounts state that the charity recorded a deficit of £8,379 on its general fund but a surplus of £40,400 on its endowment fund, resulting in total funds of £1,258,295. The trustees report that unrestricted reserves of £29,908 are approximately the level required to cover a year of expenditure. However, the trustees note that a Charity Commission recoupment order and endowment rules limit the amount that can be drawn from investments, making substantial improvements difficult to finance.
What the accounts disclose
“The general fund closed the year with £30k in reserves which is about the level required to cover a year of expenditure and give time to make any changes required.” — page 6
“As described in the Trustees Report, the Charity makes available office space to both Chelmsford Cathedral (the Cathedral) and the Chelmsford Diocesan Board of Finance (CDBF). Day to day maintenance expenditure is the responsibility of the Cathedral and the CDBF.” — page 14
Trustees
- BRIAN SMITH
- Canon Michaela Southworth
- Dr David John Edgar
- Justine Horseman Sewell
- The Ven Jonathan Croucher
- Very Revd Jessica Heloise Martin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £31k | £40k |
| 31/12/2023 | £33k | £22k |
| 31/12/2022 | £26k | £34k |
| 31/12/2021 | £25k | £22k |
| 31/12/2020 | £18k | £36k |
Common questions
Is GUY HARLINGS ESTATE financially healthy?
Per its FY2024 accounts: The accounts state that the charity recorded a deficit of £8,379 on its general fund but a surplus of £40,400 on its endowment fund, resulting in total funds of £1,258,295. The trustees report that unrestricted reserves of £29,908 are approximately the level required to cover a year of expenditure. However, the trustees note that a Charity Commission recoupment order and endowment rules limit the amount that can be drawn from investments, making substantial improvements difficult to finance. Its FY2024 accounts were independently examined.