The Parochial Church Council of the Ecclesiastical Parish of St Michael's Kingsteignton with St Peter & St Paul Teigngrace
Latest income
£129k
Latest spending
£108k
Registered
2009
Accounts read
FY2021
Financial health, per its FY2021 accounts
The accounts state that unrestricted reserves stood at £851,536, which the trustees confirm meets their policy target of approximately six months' unrestricted payments. The charity reported a net income of £31,470 for the year, driven by a significant £62,944 gain on the revaluation of investments, resulting in a healthy surplus over expenditure.
What the accounts disclose
Reserves policy: approximately six months' unrestricted payments (held: £852k)
“It is PCC policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months' unrestricted payments” — page 7
Per its FY2021 accounts as filed with the Charity Commission.
Payments to trustees: Mr I Avery (Trustee) received £4,200 for services as parish organist.
“The parish organist Mr I Avery, who is a trustee and a member of the PCC, was paid £4,200 (2020 £4,200) during the year.” — page 13
Per its FY2021 accounts as filed with the Charity Commission.
Trustees
- ANGELA CHRISTINE MARGARET COX
- ANTHONY RICHARD COX
- Christopher Osborne
- DEBORAH LYNNE SOUTHALL
- David Moore
- Elizabeth Thompson
- Emma Stevens
- IAN WILLIAM AVERY
- JACKIE MARGARET EDWARDS
- JOCELYN SMITH
- Judith Anne Jolliffe
- Judith Warren
- NIGEL GRAHAM BIRT
- Rev SANDRA JULIE GILL MEd, BTh
- SUSAN ELAINE AVERY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £129k | £108k |
| 31/12/2023 | £106k | £109k |
| 31/12/2022 | £191k | £102k |
| 31/12/2021 | £116k | £148k |
| 31/12/2020 | £107k | £91k |
Common questions
Is The Parochial Church Council of the Ecclesiastical Parish of St Michael's Kingsteignton with St Peter & St Paul Teigngrace financially healthy?
The accounts state that unrestricted reserves stood at £851,536, which the trustees confirm meets their policy target of approximately six months' unrestricted payments. The charity reported a net income of £31,470 for the year, driven by a significant £62,944 gain on the revaluation of investments, resulting in a healthy surplus over expenditure. Its FY2021 accounts were independently examined.