THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL AND ALL ANGELS, BROADWAY,WORCESTER
To promote the whole mission of the Church in the parish and beyond
Financial health, per its FY2024 accounts
The accounts state that the charity ended the year with a surplus of unrestricted funds, increasing its net assets to £26,585. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. However, the charity is below its stated reserves policy target of three months' unrestricted payments, with free reserves of £3,758.
What the accounts disclose
“It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months' unrestricted payments.” — page 8
Trustees
- Rev MICHELLE ELAINE WARDchair
- Alison Mary Haines BA RGN
- Diane Pamela Stacey BSc Hons
- Gillian Mary Hammond
- KEVIN BEASLEY
- Ruth Elizabeth Davenport BA
- SARAH MAY BEASLEY
- Valerie Mary Charlton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £72k | £90k |
| 31/12/2023 | £68k | £71k |
| 31/12/2022 | £64k | £72k |
| 31/12/2021 | £74k | £67k |
| 31/12/2020 | £55k | £48k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL AND ALL ANGELS, BROADWAY,WORCESTER financially healthy?
Per its FY2024 accounts: The accounts state that the charity ended the year with a surplus of unrestricted funds, increasing its net assets to £26,585. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. However, the charity is below its stated reserves policy target of three months' unrestricted payments, with free reserves of £3,758. Its FY2024 accounts were independently examined.