PBCC Properties UK
Obtaining and providing finance for construction and maintenance of churches, gospel halls and other religious structures.Providing technical support for the construction of such buildings.
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
“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
“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
“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
Corporate structure
- Registered company of the charity Companies House 06656919
Company officers (Companies House)
- FOWLER, Adrian Michael on trustee list
- FREEMAN, Nigel Alex on trustee list
- PARSONS, Andrew Keith on trustee list
- PATERSON, Richard William on trustee list
- BARNES, Colin Paul on trustee list
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- ADRIAN MICHAEL FOWLER
- ANDREW KEITH PARSONS
- COLIN PAUL BARNES
- Nigel Alex Freeman
- Richard William Paterson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
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. Its FY2023 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| Christ Church with St Andrew the Less Cambridge | 1 | £2k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET OF ANTIOCH, RAINHAM, KENT
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER & ST PAUL'S, PICKERING
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST.AUGUSTINES, GILLINGHAM, KENT
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH CLIFTON
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, SLOUGH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT WITH ST MATTHIAS EARL'S COURT
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| PBCC Properties UK | £2.3m | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET OF ANTIOCH, RAINHAM, KENT | £164k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PETER & ST PAUL'S, PICKERING | £255k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST.AUGUSTINES, GILLINGHAM, KENT | £102k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH CLIFTON | £619k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL, SLOUGH | £309k | — | 0 | unclear | — | no doubt |