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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FROME SELWOOD

Registered charity 1133925 · accounts filings on the Charity Commission register · also known as Bennett Centre, Frome, FROME ST JOHN THE BAPTIST PCC, St John the Baptist Church Frome

Latest income
£158k
Latest spending
£105k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that successive years of running at a deficit have exhausted unrestricted reserves, leaving the PCC with no working reserve. The trustees are now aiming to develop a modest working reserve of £37,500 to sustain cash-flow management and fund future capital works.

What the accounts disclose

Reserves policy: half the annual parish share plus three to four months other ordinary turnover
“A formal reserves policy has been adopted suggesting that a working reserve of unrestricted funds of the order of half the annual parish share plus three to four months other ordinary turnover is vital to sustain sensible cash-flow management.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“Successive years of running at a deficit exhausted unrestricted reserves, and the PCC is now aiming to develop a modest working reserve so that some of the many important or desirable capital works and mission initiatives previously unable to be funded by the general funds of the PCC can be taken forward.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Year-over-year changes

Comparing this charity’s FY2022 and FY2023 accounts as analysed by this site.

Trustees

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

Operates in: Somerset

Income and spending

Financial year endIncomeSpending
31/12/2024£158k£105k
31/12/2023£108k£102k
31/12/2022£142k£81k
31/12/2021£86k£82k
31/12/2020£72k£79k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FROME SELWOOD financially healthy?

The accounts state that successive years of running at a deficit have exhausted unrestricted reserves, leaving the PCC with no working reserve. The trustees are now aiming to develop a modest working reserve of £37,500 to sustain cash-flow management and fund future capital works. Its FY2023 accounts were independently examined.

Charities like this

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