CHURCH INSTITUTE
The objects of the charity are to apply the net rents from letting 2-4 North Street, Havant in aid of the religious or charitable work of the Church of England in the Parish of Havant.The letting of the properties is administered by the trustees and all of the net proceeds are applied to the Parochial Church Council of St Faith's Church, Havant.
Financial health, per its FY2024 accounts
The accounts state that the parish incurred an operating deficit of £41 in 2024, following deficits in previous years, driven by high energy costs and reduced income sources. While unrestricted reserves of £45,000 are maintained above the stated policy target of one month's expenditure, the trustees note that significant building maintenance requirements persist and cash flow remains under tight control.
What the accounts disclose
“The parish’s income sources were mainly from donations, rental and hall hire fees and shop sales.”
“In 2024, the gross income was £70,555 with expenditure totalling £52,050 delivering a £18,505 net income to the Parish in 2024.”
“It is the policy of the PCC to maintain unrestricted funds, which are the free reserves of the PCC, at a level which equates to not-less-than one month’s unrestricted expenditure.” — page 17
Trustees
- Canon Thomas Philip Kennarchair
- Gary Brett Crockford
- Naomi-Allison Sloane
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £73k | £73k |
| 31/12/2023 | £68k | £68k |
| 31/12/2022 | £42k | £42k |
| 31/12/2021 | £19k | £19k |
| 31/12/2020 | £15k | £15k |
Common questions
Is CHURCH INSTITUTE financially healthy?
Per its FY2024 accounts: The accounts state that the parish incurred an operating deficit of £41 in 2024, following deficits in previous years, driven by high energy costs and reduced income sources. While unrestricted reserves of £45,000 are maintained above the stated policy target of one month's expenditure, the trustees note that significant building maintenance requirements persist and cash flow remains under tight control. Its FY2024 accounts were independently examined.