THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, WEST ACTON
Financial health, per its FY2023 accounts
The accounts state that the charity reported a consolidated deficit of £7,254 for the year, with unrestricted funds decreasing by £3,405. The trustees note that income from donations has decreased significantly, leading to a projected £23,000 deficit for the following year which will be covered by reserves. Despite these pressures, the charity maintains a net asset position of £557,584 and has adopted the going concern basis of accounting.
What the accounts disclose
“The PCC’s reserves policy is to maintain sufficient free reserves (if possible), which equates to approximately six months’ unrestricted payments, to cover emergency situations that may arise from time to time.” — page 21
“Our 2024 budget projected a £23,000 deficit for the year ended 31 December 2024, which will be covered by the reserves. As a result, the PCC has adopted the going concern basis of accounting.”
Trustees
- Angela North
- Ben Mason
- Kenneth Chan
- Margaret Rosaleen Jones
- Rev Bryony Dean Franklin
- Shelley Merrick
- Yuki Johnson
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £107k | £156k |
| 31/12/2023 | £119k | £126k |
| 31/12/2022 | £162k | £131k |
| 31/12/2021 | £161k | £120k |
| 31/12/2020 | £187k | £173k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, WEST ACTON financially healthy?
The accounts state that the charity reported a consolidated deficit of £7,254 for the year, with unrestricted funds decreasing by £3,405. The trustees note that income from donations has decreased significantly, leading to a projected £23,000 deficit for the following year which will be covered by reserves. Despite these pressures, the charity maintains a net asset position of £557,584 and has adopted the going concern basis of accounting. Its FY2023 accounts were independently examined.
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