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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREYFRIARS READING

Registered charity 1129381 · accounts filings on the Charity Commission register · also known as GREYFRIARS CHURCH READING, GREYFRIARS PCC, READING

Latest income
£2.9m
Latest spending
£2.6m
Registered
2009
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a surplus of £650,694 for the year ended 31 December 2023, with unrestricted consolidated reserves totaling £8,639,126. The trustees consider the financial position to be satisfactory, noting that cash reserves are slightly below their target level due to the phasing of income and expenditure following a major capital project. They anticipate reserves will return to the target level through 2024 and beyond.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At 31 December 2023 cash reserves are slightly below the target level at which reserves are ordinarily maintained.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The PCC rents the New Hope clergy house and Centre from New Hope Trust at an annual rent of £8,640 and £25,397 respectively, this cost being reimbursed by the Diocese.
“The PCC also rents the New Hope clergy house and Centre from New Hope Trust at an annual rent of £8,640 (2022: £8,640) and £25,397 (2022: £24,535) respectively, this cost being reimbursed by the Diocese.” — page 25
“Greyfriars Ministries Ltd is a company limited by guarantee, wholly owned by the PCC. The guarantee for Greyfriars Ministries Ltd, which is limited to £1 in the event of the company being wound up, is therefore provided by the PCC.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Greyfriars Ministries Ltd is a wholly owned subsidiary of the PCC. The trading results have been consolidated.
“The PCC also rents the New Hope clergy house and Centre from New Hope Trust at an annual rent of £8,640 (2022: £8,640) and £25,397 (2022: £24,535) respectively, this cost being reimbursed by the Diocese.” — page 25
“Greyfriars Ministries Ltd is a company limited by guarantee, wholly owned by the PCC. The guarantee for Greyfriars Ministries Ltd, which is limited to £1 in the event of the company being wound up, is therefore provided by the PCC.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Greyfriars Ministries Limited
“Greyfriars Ministries Limited is a wholly owned subsidiary of the PCC controlled as disclosed above in note 14. The company provides day nursery facilities for children in the Reading area.” — page 25
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Bruton Charles.

Leadership, per the charity’s website

Listed on the charity’s own website when we last crawled it; roles may have changed. Pay-band disclosures above are anonymous statutory disclosures and are not attributed to any named individual.

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

Total income
£2.9m
Total spending
£2.6m
Cost of raising funds
£1.0m
Reserves (reported)
£8.7m
Employees
62

Reported reserves equal ~40.9 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: Reading · West Berkshire · Wokingham

Income and spending

Financial year endIncomeSpending
31/12/2024£2.9m£2.6m
31/12/2023£2.9m£2.3m
31/12/2022£3.0m£2.0m
31/12/2021£2.5m£1.6m
31/12/2020£2.7m£1.6m

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF GREYFRIARS READING financially healthy?

The accounts state that the charity reported a surplus of £650,694 for the year ended 31 December 2023, with unrestricted consolidated reserves totaling £8,639,126. The trustees consider the financial position to be satisfactory, noting that cash reserves are slightly below their target level due to the phasing of income and expenditure following a major capital project. They anticipate reserves will return to the target level through 2024 and beyond. Its FY2023 accounts were audited by Bruton Charles.

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