Holywell Free Church
Financial health, per its FY2025 accounts
The accounts state that total income for the year was £212,271 against total expenditure of £199,289, resulting in a closing balance of £124,039. The trustees report that the church is in a healthy financial position and able to meet all foreseeable commitments. The organization maintains a reserves policy target of approximately £70,000, representing six months of operational costs.
What the accounts disclose
“The trustees deem it sensible to maintain a balance of 6 months operational costs, which corresponds to approximately £70,000.” — page 5
Trustees
- Alastair Paul Mitchell
- Berkeley Karl Dwaine Young
- Dr PAUL DAVID MIZEN
- Rev Joseph James Murray Pettitt
- WILFRID PETER THACKERAY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £212k | £199k |
| 31/03/2024 | £182k | £202k |
| 31/03/2023 | £171k | £154k |
| 31/03/2022 | £158k | £134k |
| 31/03/2021 | £141k | £142k |
Common questions
Is Holywell Free Church financially healthy?
The accounts state that total income for the year was £212,271 against total expenditure of £199,289, resulting in a closing balance of £124,039. The trustees report that the church is in a healthy financial position and able to meet all foreseeable commitments. The organization maintains a reserves policy target of approximately £70,000, representing six months of operational costs. Its FY2025 accounts were independently examined.