FRIENDS OF YORK MINSTER
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net deficit of £224,841 for the year ended 31 December 2023, driven by a significant increase in grant awards which outstripped total income. Despite this deficit, the trustees confirm the charity's overall financial position remains strong with adequate resources to continue in existence for the foreseeable future. Free reserves decreased to £46,884, which the trustees note is closer to their stated target range of £50,000 to £100,000.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Catherine Champness
- Helen Gregory
- Julia Charlton-Weedy
- Michael John Morrow
- Michael John Scrowston
- Patricia Williams
- Peter Emery
- Stephen O'Brien
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £146k | £152k |
| 31/12/2024 | £875k | £1.0m |
| 31/12/2023 | £114k | £339k |
| 31/12/2022 | £202k | £81k |
Common questions
Is FRIENDS OF YORK MINSTER financially healthy?
The accounts state that the charity reported a net deficit of £224,841 for the year ended 31 December 2023, driven by a significant increase in grant awards which outstripped total income. Despite this deficit, the trustees confirm the charity's overall financial position remains strong with adequate resources to continue in existence for the foreseeable future. Free reserves decreased to £46,884, which the trustees note is closer to their stated target range of £50,000 to £100,000. Its FY2023 accounts were independently examined.