PCC St Mildred's and St Michael's Tenterden
Financial health, per its FY2024 accounts
The accounts state that the charity operates on a receipts and payments basis with unrestricted funds of £111,468 and restricted funds of £17,273 for the year ended 31/12/24. The trustees report that reserves stand at approximately seven months of projected 2024 spend, which is above their stated policy target of retaining a minimum of six months of general expenses. Total assets decreased from £868,932 in 2023 to £770,671 in 2024, driven by a net decrease in general reserves.
What the accounts disclose
“Reserves Policy is to retain a minimum of 6 months general expenses in reserves. Currently they Stand at approximately 7 months of projected 2024 spend.” — page 1
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (07/01/2021)
Trustees
- Rev LINDSAY JOHN HAMMONDchair
- Anne Mary Susan Gough
- Catherine Mary Lloyd Rawlinson
- Christopher Northen
- Clive Brian Smith
- DR NEIL DE VILLIERS
- Dr Anthony Raymond Crawfurd
- Dr NICHOLAS PAYNE HUDD
- Fiona Margaret Stevenson
- John Badcock
- Katherine Naomi Harper
- Lindsay Roberts
- Patricia Dawn Curtis
- Rev Jeanette Tracy Kennett
- Robin David Lovell
- Sarah Margaret Worrall
- Shirley Vivienne Docker
- Simon Christopher Dalwood
- Tessa Badcock
- Victoria Cordingley
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £825k | £281k |
| 31/12/2023 | £364k | £388k |
| 31/12/2022 | £298k | £242k |
| 31/12/2021 | £205k | £164k |
| 31/12/2020 | £418k | £306k |
Common questions
Is PCC St Mildred's and St Michael's Tenterden financially healthy?
The accounts state that the charity operates on a receipts and payments basis with unrestricted funds of £111,468 and restricted funds of £17,273 for the year ended 31/12/24. The trustees report that reserves stand at approximately seven months of projected 2024 spend, which is above their stated policy target of retaining a minimum of six months of general expenses. Total assets decreased from £868,932 in 2023 to £770,671 in 2024, driven by a net decrease in general reserves.
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