MINISTERS' PENSION FUND
Is a pension provider for Unitarian ministers, lay pastors and their spouses
Objects
TO ASSIST THE MINISTERS MENTIONED IN RULE 2 OF THE CONSTITUTION TO MAKE PROVISION FOR THEIR OLD AGE AND THEIR FAMILIES AFTER THEIR DEATH.
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
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investment
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
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
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 | £135k |
| THE TUFTON CHARITABLE TRUST | 1 | £44k |
| MRS R P TINDALL'S CHARITABLE TRUST | 1 | £18k |
| SIR JOHN PRIESTMAN CHARITY TRUST | 1 | £9k |
| TRUSTEES OF ST AUGUSTINE ABBEY RAMSGATE | 1 | £4k |
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 | £276,000 | — | 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 | — | 0 | above | — | no doubt |
| ROBINSON'S RETREAT AND RELIEF CHARITIES | £115k | — | 0 | unclear | — | no doubt |