LAND AND POSSESSIONS OF THE POOR OF ELY OTHERWISE PARSONS' CHARITY
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £14,533,233, significantly exceeding the trustees' stated policy target of £500,000. The charity reported a net deficit on unrestricted funds of £44,350 for the year, primarily driven by major repair expenditures and a decrease in investment values. Despite this deficit, the overall net assets remain substantial and the trustees confirm the charity is a going concern with adequate resources.
What the accounts disclose
“The Governors consider that reserves of at least £500,000 are appropriate for such contingencies.” — page 4
“During the year the charity rented property to King’s Ely for £39,520 (2024 - £39,520) and rented from the Church Commissioners allotment land for £750 (2024 - £750). The Very Reverend M Bonney, Dean of Ely, is a governor of King’s Ely and also a Church Commissioner.” — page 17
“During the year the charity paid fees of £23,858 (2024 - £26,207) to its Receivers, Messrs. Cheffins. Mr. D J Brand’s son in law is an employee of Cheffins.” — page 17
“During the year the charity rented property to King’s Ely for £39,520 (2024 - £39,520) and rented from the Church Commissioners allotment land for £750 (2024 - £750). The Very Reverend M Bonney, Dean of Ely, is a governor of King’s Ely and also a Church Commissioner.” — page 17
“During the year the charity paid fees of £23,858 (2024 - £26,207) to its Receivers, Messrs. Cheffins. Mr. D J Brand’s son in law is an employee of Cheffins.” — page 17
“During the year the charity rented property to King’s Ely for £39,520 (2024 - £39,520) and rented from the Church Commissioners allotment land for £750 (2024 - £750). The Very Reverend M Bonney, Dean of Ely, is a governor of King’s Ely and also a Church Commissioner.” — page 17
“During the year the charity paid fees of £23,858 (2024 - £26,207) to its Receivers, Messrs. Cheffins. Mr. D J Brand’s son in law is an employee of Cheffins.” — page 17
Trustees
- DAVID JOSEPH BRANDchair
- Alastair Ambrose David Morbey
- Allyson Broadhurst
- Andrew Turpin
- David Gipp
- Joseph James Henry
- REV CANON MARK BONNEY
- RICHARD OLIVER SETCHELL
- ROBERT CLASBY
- Suzanne Margaret Lindsay
- The Venerable Richard John StClair Harlow
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £450k | £402k |
| 30/06/2024 | £431k | £300k |
| 30/06/2023 | £401k | £325k |
| 30/06/2022 | £344k | £311k |
| 30/06/2021 | £318k | £218k |
Common questions
Is LAND AND POSSESSIONS OF THE POOR OF ELY OTHERWISE PARSONS' CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £14,533,233, significantly exceeding the trustees' stated policy target of £500,000. The charity reported a net deficit on unrestricted funds of £44,350 for the year, primarily driven by major repair expenditures and a decrease in investment values. Despite this deficit, the overall net assets remain substantial and the trustees confirm the charity is a going concern with adequate resources. Its FY2025 accounts were audited by Price Bailey LLP.