NORWICH CHURCH OF ENGLAND YOUNG MEN'S SOCIETY
The objects of the society are to promote the welfare of its members spiritually, socially, intellectually and physically and to aid missions at home and abroad.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £159,349 for the year ended 31 December 2024, driven largely by a £223,000 insurance settlement and investment gains. Unrestricted reserves increased to £1,306,611, a level the trustees consider adequate and in line with their policy to fund expected deficits and guard against rental income loss. The charity operates a defined contribution pension scheme and has no disclosed pension deficits or trading subsidiaries.
What the accounts disclose
“There is a need to retain sufficient reserves to fund the expected annual deficit and to guard against the potential loss of rental income. The trustees consider the level of reserves held at year end is adequate and in line with the policy.”
Trustees
- Adam Owen
- Clifford Rapley
- MIKE PRESTON
- Peter Thomas
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £323k | £173k |
| 31/12/2023 | £106k | £169k |
| 31/12/2022 | £66k | £176k |
| 31/12/2021 | £101k | £190k |
| 31/12/2020 | £258k | £247k |
Common questions
Is NORWICH CHURCH OF ENGLAND YOUNG MEN'S SOCIETY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £159,349 for the year ended 31 December 2024, driven largely by a £223,000 insurance settlement and investment gains. Unrestricted reserves increased to £1,306,611, a level the trustees consider adequate and in line with their policy to fund expected deficits and guard against rental income loss. The charity operates a defined contribution pension scheme and has no disclosed pension deficits or trading subsidiaries. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BRITISH UNION CONFERENCE OF SEVENTH-DAY ADVENTISTS | 1 | £944k |
| ANNE FRENCH MEMORIAL TRUST | 1 | £308k |
| KESWICK HALL CHARITY | 1 | £100k |
| THE ARCHBISHOPS' COUNCIL | 1 | £20k |
| NORFOLK COMMUNITY FOUNDATION | 1 | £20k |
| St James, PCC Bream | 1 | £10k |
| KARIN BRASS MEMORIAL FUND | 1 | £5k |
| THE GRIMMITT TRUST | 1 | £5k |
Charities like this
- THE NATIONAL SOCIETY (CHURCH OF ENGLAND AND CHURCH IN WALES) FOR THE PROMOTION OF EDUCATION
- CITYGATES CHURCH NORWICH
- KINGS CHURCH CENTRE NORWICH
- THE NORWICH DIOCESAN BOARD OF FINANCE LIMITED
- ENYP
- NORWICH YOUTH FOR CHRIST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| NORWICH CHURCH OF ENGLAND YOUNG MEN'S SOCIETY | £323k | — | 0 | above | — | no doubt |
| THE NATIONAL SOCIETY (CHURCH OF ENGLAND AND CHURCH IN WALES) FOR THE PROMOTION OF EDUCATION | £6.4m | — | — | above | — | no doubt |
| CITYGATES CHURCH NORWICH | £686k | — | 0 | unclear | — | no doubt |
| KINGS CHURCH CENTRE NORWICH | £1.2m | — | 0 | above | — | no doubt |
| THE NORWICH DIOCESAN BOARD OF FINANCE LIMITED | £13.4m | — | — | unclear | — | no doubt |
| ENYP | £209k | — | 0 | below | — | no doubt |