READING MINSTER CHURCH OF ST MARY THE VIRGIN
It is the responsibility of the Minster Parochial Church Council to co-operate with the incumbent in the administration of the Ecclesiastical Parish of Reading Minster of St Mary The Virgin & to engage in the mission & ministry of the parish. This involves pastoral care, daily services, special borough & county services & numerous carol services at Christmas.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £20,057 for the year ended 31 December 2024, with total unrestricted funds of £1,212,288. The trustees note that going concern is dependent on uncertain funding streams but are satisfied that assets are adequate to meet obligations. The charity maintains unrestricted reserves of £175,368, which matches its policy target of approximately six months of unrestricted payments.
What the accounts disclose
“It is PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately 6 months unrestricted payments” — page 11
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 17
Trustees
- Rev Sonya Wrattenchair
- Angela Sydney Moore
- Anna Abraham
- Judith Sumner
- Kevin Anderson
- Liz Lee
- Rev Alan Race
- Rev Paul Waters
- Steve Rossiter
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £177k | £162k |
| 31/12/2023 | £164k | £171k |
| 31/12/2022 | £268k | £166k |
| 31/12/2021 | £118k | £148k |
| 31/12/2020 | £88k | £124k |
Common questions
Is READING MINSTER CHURCH OF ST MARY THE VIRGIN financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net loss of £20,057 for the year ended 31 December 2024, with total unrestricted funds of £1,212,288. The trustees note that going concern is dependent on uncertain funding streams but are satisfied that assets are adequate to meet obligations. The charity maintains unrestricted reserves of £175,368, which matches its policy target of approximately six months of unrestricted payments. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NORMAN WHITELEY TRUST | 1 | £1k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UPMINSTER
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE EVANGELIST, READING
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S ELY
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LINTON, DIOCESE OF ELY
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, CHALK
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| READING MINSTER CHURCH OF ST MARY THE VIRGIN | £177k | — | 0 | above | — | noted |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF UPMINSTER | £385k | Under £20,000 | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE EVANGELIST, READING | £163k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S ELY | £462k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN EAST PRESTON WITH KINGSTON | £107k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, LINTON, DIOCESE OF ELY | £124k | — | 0 | unclear | — | no doubt |