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

PBCC Properties UK

Registered charity 1125717 · accounts filings on the Charity Commission register · also known as CENTRAL G H TRUST, CGHT

Latest income
£2.3m
Latest spending
£1.2m
Registered
2008
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net deficit of £964,297 for the year ended 31 December 2023, driven by increased grant-making funded partly from restricted reserves. Despite the deficit, the charity holds substantial unrestricted funds of £18,386,072 and free reserves of £15,160,249, which the trustees consider adequate to continue its charitable purposes. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.

What the accounts disclose

Reserves policy: approximately £2 - £5 million as a cash reserve (held: £15.2m)
“As a general policy, the trustees aim to hold approximately £2 - £5 million as a cash reserve, to fund the increasing requests for support from the charity’s beneficiaries.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Christopher Stedman, the company secretary, is a partner in C&H Stedman, which received £45,627 for secretarial and accountancy services.
“During the year £45,627 (2022: £48,765) was paid to C&H Stedman for company secretarial and accountancy services. Christopher Stedman, the company secretary of Central GH Trust, is a partner in C&H Stedman.” — page 19
“Oliver Whiley is also a Trustee of Silverdale Gospel Hall Trust. Silverdale Gospel Hall Trust has an outstanding loan balance owed to CGHT of £nil as at 31 December 2023 (2022: £nil).” — page 24
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Oliver Whiley is a Trustee of Silverdale Gospel Hall Trust, which had an outstanding loan balance of £nil.
“During the year £45,627 (2022: £48,765) was paid to C&H Stedman for company secretarial and accountancy services. Christopher Stedman, the company secretary of Central GH Trust, is a partner in C&H Stedman.” — page 19
“Oliver Whiley is also a Trustee of Silverdale Gospel Hall Trust. Silverdale Gospel Hall Trust has an outstanding loan balance owed to CGHT of £nil as at 31 December 2023 (2022: £nil).” — page 24
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Saffery LLP.

Corporate structure

Structured financials (annual return, FY ending 31/12/2024)

Total income
£2.3m
Total spending
£1.2m
Reserves (reported)
£5.0m
Employees
0

Reported reserves equal ~51.5 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/12/2024£2.3m£1.2m
31/12/2023£489k£1.7m
31/12/2022£306k£338k
31/12/2021£835k£568k
31/12/2020£591k£890k

Common questions

Is PBCC Properties UK financially healthy?

The accounts state that the charity reported a net deficit of £964,297 for the year ended 31 December 2023, driven by increased grant-making funded partly from restricted reserves. Despite the deficit, the charity holds substantial unrestricted funds of £18,386,072 and free reserves of £15,160,249, which the trustees consider adequate to continue its charitable purposes. The independent auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2023 accounts were audited by Saffery LLP.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
MR AND MRS J A PYE'S CHARITABLE SETTLEMENT1£3k

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