THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S STORTFORD (ST MICHAEL)
Financial health, per its FY2024 accounts
The accounts state that total unrestricted income for 2024 was £239,666 against expenditure of £237,250, resulting in a small surplus of £2,415. The charity maintains significant invested reserves, including an endowment fund valued at £422,039 and another investment fund valued at £135,901, alongside a stated minimum cash policy of £50,000. The PCC reports that the church fabric is maintained through volunteers and specialist contractors, with major repairs costing £14,225 in the year.
What the accounts disclose
Trustees
- Rev Derwyn Gavin Williamschair
- Claire Conquest
- Dr Benjamin Adeyemi
- Jack Brear
- James Hellis
- Margaret Elizabeth Fox
- Martin Pettitt
- Michelle Durnell
- Mireille Baulcomb
- Nicholas Hughes
- Peter Derrick Rixson
- REV June Elizabeth Knight
- Rosemary Thomson
- Valerie Ashwood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £245k | £238k |
| 31/12/2023 | £317k | £328k |
| 31/12/2022 | £306k | £506k |
| 31/12/2021 | £205k | £200k |
| 31/12/2020 | £248k | £251k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BISHOP'S STORTFORD (ST MICHAEL) financially healthy?
The accounts state that total unrestricted income for 2024 was £239,666 against expenditure of £237,250, resulting in a small surplus of £2,415. The charity maintains significant invested reserves, including an endowment fund valued at £422,039 and another investment fund valued at £135,901, alongside a stated minimum cash policy of £50,000. The PCC reports that the church fabric is maintained through volunteers and specialist contractors, with major repairs costing £14,225 in the year.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 29/04/2021 | £91k | "St Michael's Church Bell Restoration Project" |
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