THE METHODIST CHURCH, HATFIELD ROAD, ST ALBANS
Latest income
£127k
Latest spending
£126k
Registered
2017
Accounts read
FY2024
Financial health, per its FY2024 accounts
The accounts state that total funds held by the church increased from £190,212 to £203,207 during the year, with unrestricted reserves standing at £39,165. The Treasurer reports that reserves remain substantial and are bolstered by deposit account interest, while noting that income from collections is down year on year.
What the accounts disclose
Reserves policy: six months' expenditure (held: £39k)
“The Church's reserves policy is to hold a sum equal to 6 months' expenditure, which was £68,991 in Methodist Year 2023-24” — page 16
Per its FY2024 accounts as filed with the Charity Commission.
Trustees
- Rev Jervis Daniel Yovanchair
- Angela Spriggs
- Anne Wall
- CAROLINE CLARE TOUGH
- Christopher Roger Kitchin
- DENISE MARGARET WILLINGHAM
- ERIC CHARLES BRIDGSTOCK
- FREDA ELIZABETH GRAY
- GEORGINA MARGARET WOODHEAD
- Graham Rollason Danbury
- Hilary Moore
- Jacqueline Ann Vivian
- James Appiah
- Joanna Elisabeth Rose
- Louise Helen Mullins
- Napoleon Yorke-Andrews
- Noelene Browning
- PETER RICHARD WALLACE
- ROSALIND ANNE HANCOCK
- Rev David Jebb
- Rev Nigel Perrott
- Ruth Elizabeth Wallace
- Stuart Finlay Johnson
- Tomas Cvrcek
- Valerie Christine Parker
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £127k | £126k |
| 31/08/2024 | £166k | £179k |
| 31/08/2023 | £127k | £112k |
| 31/08/2022 | £122k | £142k |
| 31/08/2021 | £131k | £139k |
Common questions
Is THE METHODIST CHURCH, HATFIELD ROAD, ST ALBANS financially healthy?
The accounts state that total funds held by the church increased from £190,212 to £203,207 during the year, with unrestricted reserves standing at £39,165. The Treasurer reports that reserves remain substantial and are bolstered by deposit account interest, while noting that income from collections is down year on year. Its FY2024 accounts were independently examined.