LICHFIELD THEOLOGICAL COLLEGE GENERAL PURPOSES FUND (TRUST 142)
the main purpose of the charity is to offer financial support for those undertaking training into the priesthood of the Church of England, and also to offer support in encouraging the persons concerned in further religious education.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £10,418 for the year ended 31 December 2024, with total funds increasing to £1,435,609. The trustees consider the current reserves level adequate to support the charity's work, noting that the structured reduction in income reserves is beneficial to its aims. The charity does not employ any staff and relies on investment income and grants to fund its charitable activities.
What the accounts disclose
“The Charity does not employ any staff.” — page 6
“It is not the intention of the trustees to develop significant income reserves, but expend the income generated within any twelve-month period”
Trustees
- ARCHDEACON OF STOKE - UPON- TRENT
- BISHOP OF LICHFIELD
- Canon Chancellor of Lichfield Cathedral
- Claire Shaw
- Rev Preb Romita Shrisunder
- THE DEAN OF LICHFIELD CATHEDRAL
- The Revd Preb Dr Jeanette Hartwell
- The Rt Revd Sarah Bullock
- The Venerable Dr Susan Weller
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £62k | £51k |
| 31/12/2023 | £50k | £49k |
| 31/12/2022 | £42k | £39k |
| 31/12/2021 | £39k | £35k |
| 31/12/2020 | £39k | £32k |
Common questions
Is LICHFIELD THEOLOGICAL COLLEGE GENERAL PURPOSES FUND (TRUST 142) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £10,418 for the year ended 31 December 2024, with total funds increasing to £1,435,609. The trustees consider the current reserves level adequate to support the charity's work, noting that the structured reduction in income reserves is beneficial to its aims. The charity does not employ any staff and relies on investment income and grants to fund its charitable activities. Its FY2024 accounts were independently examined.