GRACE CHURCH EXETER
Financial health, per its FY2023 accounts
The accounts state that the charity made a deficit of £25,478 for the year, with total income reducing by 23.6% largely due to a one-off gift received in the prior year. Per the trustees' report, unrestricted reserves of £505,616 cover 11 months of unrestricted expenditure, which is significantly higher than the policy target of three months. The trustees note that reserves are higher than sought and aim to hold sufficient funds to cover 5-6 months of expenditure.
What the accounts disclose
“our reserves policy specified these reserves were to cover three months unrestricted expenditure”
Register events
- Received assets from another charity (15/05/2020)
Trustees
- Christopher Jeremy Collison
- Claire Nicola Annetts
- Daniel Roach
- David Mark Rogers
- Elizabeth Anne Gingell
- Emma Louise Davis
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £286k | £328k |
| 31/08/2024 | £285k | £266k |
| 31/08/2023 | £270k | £296k |
| 31/08/2022 | £354k | £285k |
| 31/08/2021 | £395k | £207k |
Common questions
Is GRACE CHURCH EXETER financially healthy?
The accounts state that the charity made a deficit of £25,478 for the year, with total income reducing by 23.6% largely due to a one-off gift received in the prior year. Per the trustees' report, unrestricted reserves of £505,616 cover 11 months of unrestricted expenditure, which is significantly higher than the policy target of three months. The trustees note that reserves are higher than sought and aim to hold sufficient funds to cover 5-6 months of expenditure. Its FY2023 accounts were independently examined.
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