St James, PCC Bream
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net loss of £4,672 on unrestricted funds and £5,259 on restricted funds for the year. The bank balance on unrestricted funds was £75,173, which the trustees note equates to slightly more than 5 months of unrestricted payments. The trustees also highlight a future risk regarding an anticipated expensive upgrade for the church heating.
What the accounts disclose
“The current reserves policy states that we should keep 6 weeks’ worth of general expenditure, an extra 10 weeks of wages plus monies pledges in support of Linking Lives and Caleb’s Mountain in reserve. This is currently in the region of £30,000.” — page 4
“We do anticipate that the heating will need an expensive upgrade in the not too distant future” — page 8
“It is the policy of the PCC to reimburse the Vicar for his out of pocket expenses in full. 2023:£239 2022:nil Three full members of the PCC were employed by the church” — page 10
“It is the policy of the PCC to reimburse the Vicar for his out of pocket expenses in full. 2023:£239 2022:nil” — page 10
“Three full members of the PCC were employed by the church” — page 10
“It is the policy of the PCC to reimburse the Vicar for his out of pocket expenses in full. 2023:£239 2022:nil” — page 10
“Three full members of the PCC were employed by the church” — page 10
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Trustees
- Andrew Ewens
- Ann Elizabeth Hemsley
- CHRISTINE WAKERLEY
- DAVID GRAHAM CHAPPELL
- Heather Jean Marshall
- Iain Arthur Searle
- Jonathan Hawken
- Louisa Smallpage-Mitchell
- Matthew Christian Wakerley
- Peter Bean
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £174k | £176k |
| 31/12/2023 | £173k | £172k |
| 31/12/2022 | £187k | £173k |
| 31/12/2021 | £137k | £145k |
| 31/12/2020 | £159k | £158k |
Common questions
Is St James, PCC Bream financially healthy?
The accounts state that the charity reported a net loss of £4,672 on unrestricted funds and £5,259 on restricted funds for the year. The bank balance on unrestricted funds was £75,173, which the trustees note equates to slightly more than 5 months of unrestricted payments. The trustees also highlight a future risk regarding an anticipated expensive upgrade for the church heating. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| PROJECT GIVING BACK | 1 | £444k |
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