The Parochial Church Council of the Ecclesiastical Parish of Hope Church Islington
Financial health, per its FY2024 accounts
The accounts state that total income for the year was £438,562 against total expenditure of £462,215, resulting in a net deficit for the period. However, the charity holds substantial unrestricted reserves of £2,334,772, which significantly exceed its stated policy target of £50,000. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“It is the policy of the parish that free unrestricted funds which have not been designated for a specific use should be maintained at or above a level of £50,000.” — page 4
“During the year, donations totalling £93,000 (2023: £nil) were received from The Urban Revival Foundation, a company controlled by Trustees of the charity. The charity also made net payments totalling £30,000 (2023: £29,000) to The Urban Revival Foundation. At the balance sheet date, the charity was owed £48,552 (2023: £43,552) from The Urban Revival Foundation.” — page 17
Trustees
- Rev James Carlyle Hughesdonchair
- Anna Skinner
- Benedict Hume-Wright
- Bethany Ruth Milburn
- Fiona Chukwu
- Joseph Denniss
- KEMI BURAIMOH
- Rev Sonia Margaret Home
- Rita Chambers
- Verity Myers
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £439k | £462k |
| 31/12/2023 | £312k | £348k |
| 31/12/2022 | £488k | £299k |
| 31/12/2021 | £321k | £284k |
| 31/12/2020 | £326k | £362k |
Common questions
Is The Parochial Church Council of the Ecclesiastical Parish of Hope Church Islington financially healthy?
The accounts state that total income for the year was £438,562 against total expenditure of £462,215, resulting in a net deficit for the period. However, the charity holds substantial unrestricted reserves of £2,334,772, which significantly exceed its stated policy target of £50,000. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CO-MISSION INITIATIVE TRUST | 1 | £173k |
| REGIONS BEYOND UK | 1 | £6k |
| NORMAN WHITELEY TRUST | 1 | £2k |
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