SION COLLEGE
Financial health, per its FY2022 accounts
The accounts state that the charity reported a net decrease in funds of £395,241 for the year ended 31 December 2022, driven by a net loss on investments of £363,692 and an operating deficit of £31,549. Total net assets decreased to £4,288,244, with all funds remaining unrestricted. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the College to maintain unrestricted funds that are at least enough to generate sufficient income for planned activities in the coming year and to produce annually a budget based upon the forecast income.” — page 12
Trustees
- Canon Roxanne Fay Eversley
- DAVID CHARLES JOHN BANKS
- Father Jonathan George Frederick Kester
- Paul Robert Edgar Double CVO
- Rev Christopher Philip Trundle
- Rev David Vince Chesney
- Rev GRAHAM MARTIN BUCKLE
- Rev James Barrie Heard
- Rev Matthew Duckett
- Rev Matthew John Catterick
- Rev Nicol Kinrade
- Rev Sarah Jamieson Simpson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £160k | £164k |
| 31/12/2023 | £153k | £168k |
| 31/12/2022 | £158k | £190k |
| 31/12/2021 | £142k | £137k |
| 31/12/2020 | £133k | £152k |
Common questions
Is SION COLLEGE financially healthy?
The accounts state that the charity reported a net decrease in funds of £395,241 for the year ended 31 December 2022, driven by a net loss on investments of £363,692 and an operating deficit of £31,549. Total net assets decreased to £4,288,244, with all funds remaining unrestricted. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2022 accounts were independently examined.
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