THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY MAGDALENE CHURCH, PECKHAM
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £12,192 for the year ended 31 December 2024, driven by increased rental income from the Church Hall which offset rising energy costs and expenditure. Unrestricted reserves stood at £63,523, significantly exceeding the stated policy target of £5,000, and the trustees confirmed adequate resources for the foreseeable future.
What the accounts disclose
“It is PCC policy to maintain a minimum balance in the General Fund of £5,000 to cover emergency situations that may arise from time to time.” — page 6
“The PCC contributes to the Parish Support Fund (£65,000 in 2024; £55,000 in 2023), which in turn provides support for the provision of stipendiary and other clergy in the Diocese, including at St Mary’s.”
“in 2024 the PCC made provision for a donation of £1,000 towards parents’ liability for the school’s building repair subscription (2023: £1,069).”
“The PCC contributes to the Parish Support Fund (£65,000 in 2024; £55,000 in 2023), which in turn provides support for the provision of stipendiary and other clergy in the Diocese, including at St Mary’s.”
“in 2024 the PCC made provision for a donation of £1,000 towards parents’ liability for the school’s building repair subscription (2023: £1,069).”
“The PCC contributes to the Parish Support Fund (£65,000 in 2024; £55,000 in 2023), which in turn provides support for the provision of stipendiary and other clergy in the Diocese, including at St Mary’s.”
“in 2024 the PCC made provision for a donation of £1,000 towards parents’ liability for the school’s building repair subscription (2023: £1,069).”
Trustees
- Akpevwe Miracle Idogho
- Barrie Nigel Thurlow
- DENNIS AKPOMUDIARE OHWARIOVBE
- EMEKA KINGSLEY ANUDU
- Emma Musinguzi
- Gerald Oppong
- Jacob Omolaso
- KEHINDE OYEBANJO ACCA
- MICHAEL ROBERT HARTLEY
- Regaugetswe Osei-Bonsu
- Rev Dean Anthony Pusey
- Rosemund Adikiyeofori Pretoru
- Ruth Kagoro
- Sonia Clare Phippard
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £194k | £173k |
| 31/12/2024 | £171k | £159k |
| 31/12/2023 | £135k | £146k |
| 31/12/2022 | £150k | £134k |
| 31/12/2021 | £121k | £117k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY MAGDALENE CHURCH, PECKHAM financially healthy?
The accounts state that the charity reported a net surplus of £12,192 for the year ended 31 December 2024, driven by increased rental income from the Church Hall which offset rising energy costs and expenditure. Unrestricted reserves stood at £63,523, significantly exceeding the stated policy target of £5,000, and the trustees confirmed adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| RICHMOND CHURCH CHARITY ESTATES | 1 | £446k |
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