Charity Accounts Intelreading the accounts so you don’t have to

ST JAMES MAR THOMA CHURCH-UK

Registered charity 1059210 · accounts filings on the Charity Commission register

Latest income
£338k
Latest spending
£285k
Registered
1996
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net surplus of £8,117 for the year ended 31 March 2024. Per the trustees' report, unrestricted free reserves were £655,302, which is above the stated policy target of approximately £53,000 (three months of expenditure). The charity remains wholly dependent on voluntary contributions and has significant bank loans secured against its freehold property.

What the accounts disclose

Highest-paid employee band: Under £20,000 — below the median for charities its size (£60k)
“The charge in the accounts include net monthly stipend to the vicar of £1,850.74 to October 2023 and £2,213.00 thereafter, tax and national insurance contributions on the stipend and on the value of taxable benefits in kind.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months expenditure, approximately £53,000 (held: £655k)
“The Executive Committee has determined that the approximate level of free reserves should be equivalent to three months expenditure, approximately £53,000.”
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: The Vicar (Rev. Soju Mathai Thomas), who serves as President and a Trustee, received remuneration (stipend, tax, NI, and taxable benefits) and accommodation. No other trustees received remuneration or expense reimbursements.
“The vicar who served the parish during the year was remunerated in accordance with the terms agreed prior to the appointment. The charge in the accounts include net monthly stipend to the vicar of £1,850.74 to October 2023 and £2,213.00 thereafter, tax and national insurance contributions on the stipend and on the value of taxable benefits in kind. The vicar who also acts as manager of the Mar Thoma Centre is provided with accommodation and all expenses incurred on pastoral and management duties were reimbursed to him. Except for the above, no remuneration, either directly or indirectly, out of the fund of the church was paid or payable for the year, to any trustee nor to any person or persons known to be connected with any trustees. No expenses were reimbursed to trustees for carrying out their duties during the year.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The Vicar, who is also a Trustee (President), received remuneration. The accounts state: 'Except for the above, no remuneration, either directly or indirectly, out of the fund of the church was paid or payable for the year, to any trustee nor to any person or persons known to be connected with any trustees.'
“The vicar who served the parish during the year was remunerated in accordance with the terms agreed prior to the appointment. The charge in the accounts include net monthly stipend to the vicar of £1,850.74 to October 2023 and £2,213.00 thereafter, tax and national insurance contributions on the stipend and on the value of taxable benefits in kind. The vicar who also acts as manager of the Mar Thoma Centre is provided with accommodation and all expenses incurred on pastoral and management duties were reimbursed to him. Except for the above, no remuneration, either directly or indirectly, out of the fund of the church was paid or payable for the year, to any trustee nor to any person or persons known to be connected with any trustees. No expenses were reimbursed to trustees for carrying out their duties during the year.” — page 31
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: India · Throughout London

Income and spending

Financial year endIncomeSpending
31/03/2025£338k£285k
31/03/2024£324k£264k
31/03/2023£286k£232k
31/03/2022£227k£163k
31/03/2021£379k£348k

Common questions

Is ST JAMES MAR THOMA CHURCH-UK financially healthy?

The accounts state that the charity reported a net surplus of £8,117 for the year ended 31 March 2024. Per the trustees' report, unrestricted free reserves were £655,302, which is above the stated policy target of approximately £53,000 (three months of expenditure). The charity remains wholly dependent on voluntary contributions and has significant bank loans secured against its freehold property. Its FY2024 accounts were independently examined.

What does the highest-paid employee of ST JAMES MAR THOMA CHURCH-UK earn?

Per its FY2024 accounts, the highest-paid employee was in the Under £20,000 band.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN THAME.