Charity Accounts Intelreading the accounts so you don’t have to

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S WATFORD

Registered charity 1132880 · accounts filings on the Charity Commission register · also known as ST MARY'S WATFORD PCC

Latest income
£482k
Latest spending
£330k
Registered
2009
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure of £28,084 for the year, resulting in a decrease in total net assets from £705,656 to £677,572. The trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern, despite noting that the financial situation remains a concern in the annual report.

What the accounts disclose

Reserves policy: two months' general running costs and additional one month's salary costs (held: £644k)
“It is the policy of the church to hold reserves the equivalent to 2 months' general running costs and additional one month's salary costs/” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Anthony Wilson received £180 for services as Music Director.
“Anthony Wilson was appointed to the PCC in December 2023, and from that date received a total of f180 in respect of his services as Music Director.” — page 23
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Remuneration paid to Anthony Wilson for services as Music Director.
“Anthony Wilson was appointed to the PCC in December 2023, and from that date received a total of f180 in respect of his services as Music Director.” — page 23
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

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

Total income
£557k
Total spending
£298k
Cost of raising funds
£4k
Reserves (reported)
£933k
Employees
7

Reported reserves equal ~37.6 months of spending — in the top quarter for charities its size (median 7.0 months; benchmarks).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Hertfordshire

Income and spending

Financial year endIncomeSpending
31/12/2025£482k£330k
31/12/2024£557k£298k
31/12/2023£333k£361k
31/12/2022£320k£309k
31/12/2021£277k£320k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY'S WATFORD financially healthy?

The accounts state that the charity reported a net expenditure of £28,084 for the year, resulting in a decrease in total net assets from £705,656 to £677,572. The trustees consider there to be no material uncertainties regarding the charity's ability to continue as a going concern, despite noting that the financial situation remains a concern in the annual report. Its FY2023 accounts were independently examined.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LUKE, WATFORD.