PORTSWOOD CHURCH
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased from £154,319 to £137,335, while total funds stood at £1,571,853. Per the trustees' report, the financial position is in line with the stated policy, which targets a reserve of three to six months of operating expenses. The charity reports no liabilities or borrowings and sufficient cash reserves to continue operations.
What the accounts disclose
“The general fund includes a reserve of between three and six months of operating expenses to ensure that the Trustees are able to respond to unexpected changes in incoming resources and expenditure.” — page 8
Trustees
- Catrin Watkins
- Geoff Prime
- Kevin Hitchcock
- PHILIP CROZIER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £213k | £267k |
| 31/03/2024 | £189k | £270k |
| 31/03/2023 | £220k | £227k |
| 31/03/2022 | £221k | £223k |
| 31/03/2021 | £176k | £239k |
Common questions
Is PORTSWOOD CHURCH financially healthy?
The accounts state that unrestricted funds decreased from £154,319 to £137,335, while total funds stood at £1,571,853. Per the trustees' report, the financial position is in line with the stated policy, which targets a reserve of three to six months of operating expenses. The charity reports no liabilities or borrowings and sufficient cash reserves to continue operations. Its FY2025 accounts were independently examined.
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