MINISTERS' PENSION FUND
Is a pension provider for Unitarian ministers, lay pastors and their spouses
Financial health, per its FY2024 accounts
The accounts state that the Fund's net assets increased by £110,967 to £5,022,076 at the end of the year. The Trustees report that the Fund had a surplus in relation to accrued benefits of £394,000 as at the last actuarial valuation, representing a funding level of 109%. Administrative expenses were managed at £59,907, which the Trustees note represents 1.2% of the value of the Fund.
What the accounts disclose
Register events
- Received assets from another charity (13/04/2023)
Trustees
- Andrew Appleyard
- Hilda Marlow Dumpleton
- JEFFREY JAMES TEAGLE
- Jane Anne Couper
- Marion Baker
- Rev CAROLE LYNNE READETT
- Rev JEFFREY BOWES
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £308k | £519k |
| 31/12/2023 | £324k | £555k |
| 31/12/2022 | £447k | £594k |
| 31/12/2021 | £325k | £539k |
| 31/12/2020 | £367k | £618k |
Common questions
Is MINISTERS' PENSION FUND financially healthy?
Per its FY2024 accounts: The accounts state that the Fund's net assets increased by £110,967 to £5,022,076 at the end of the year. The Trustees report that the Fund had a surplus in relation to accrued benefits of £394,000 as at the last actuarial valuation, representing a funding level of 109%. Administrative expenses were managed at £59,907, which the Trustees note represents 1.2% of the value of the Fund. Its FY2024 accounts were audited by Scott Roberts Taylor & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE ARCHBISHOPS' COUNCIL | 1 | £21.2m |
| THE ARCHBISHOP OF CANTERBURY'S CHARITABLE FOUNDATION | 1 | £1.2m |
| THE LAMBETH TRUST | 1 | £498k |
| THE HOME OF DEVENISH | 1 | £108k |
| THE TUFTON CHARITABLE TRUST | 1 | £44k |
| SIR JOHN PRIESTMAN CHARITY TRUST | 1 | £6k |
| TRUSTEES OF ST AUGUSTINE ABBEY RAMSGATE | 1 | £2k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER WEST HARROW | 1 | £2k |
Charities like this
- THE CHURCH OF ENGLAND PENSIONS BOARD
- LADY HEWLEY'S CHARITY
- THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UPMINSTER
- ROBINSON'S RETREAT AND RELIEF CHARITIES
- WORCESTER DIOCESAN BOARD OF FINANCE LIMITED
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| MINISTERS' PENSION FUND | £308k | — | 0 | unclear | — | no doubt |
| THE CHURCH OF ENGLAND PENSIONS BOARD | £42.0m | £270,001 - £280,000 | — | unclear | — | no doubt |
| LADY HEWLEY'S CHARITY | £858k | — | 0 | above | — | no doubt |
| THE WESTERN UNION OF UNITARIAN AND FREE CHRISTIAN CHURCHES | £177k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UPMINSTER | £385k | Under £20,000 | 0 | above | — | no doubt |
| ROBINSON'S RETREAT AND RELIEF CHARITIES | £115k | — | 0 | unclear | — | no doubt |