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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN-IN-THE-FIELDS, LONDON

Registered charity 1133936 · accounts filings on the Charity Commission register · also known as ST MARTIN-IN-THE-FIELDS PCC

Latest income
£8.4m
Latest spending
£7.9m
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the group reported a net movement in funds of a surplus of £6,790 for the year ended 31 December 2023, following a deficit in the prior year. However, the PCC's general reserves stood at a deficit of £0.3m, and free reserves amounted to £nil, with the PCC noting that its financial story remains precarious and dependent on funding from the St Martin-in-the-Fields Trust to cover future shortfalls.

What the accounts disclose

Reserves position: below the charity's own stated reserves policy
“At the end of 2023, the PCC’s (and Group’s) general reserves stood at a deficit of £0.3m (2022: deficit of £0.5m). Free reserves, after the fund transfers noted above, and including SMITFL 2023 operating loss, amounted to £nil (2022: £nil).” — page 16
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The Connection at St Martin-in-the-Fields paid rental charges to SMITFL.
“The Connection occupies part of the buildings at St Martin-in-the-Fields and paid a rental charge of £133,750 (2022: £128,750 of rental and related charges) to St Martin-in-the Fields Limited.” — page 49
“Income received by the Trust which was subsequently gifted onto the PCC was £783,418 (2022: £490,203)”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: St Martin-in-the-Fields Trust gifted income to the PCC.
“The Connection occupies part of the buildings at St Martin-in-the-Fields and paid a rental charge of £133,750 (2022: £128,750 of rental and related charges) to St Martin-in-the Fields Limited.” — page 49
“Income received by the Trust which was subsequently gifted onto the PCC was £783,418 (2022: £490,203)”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: SMITFL received grants from St Martin-in-the-Fields Trust.
“The Connection occupies part of the buildings at St Martin-in-the-Fields and paid a rental charge of £133,750 (2022: £128,750 of rental and related charges) to St Martin-in-the Fields Limited.” — page 49
“Income received by the Trust which was subsequently gifted onto the PCC was £783,418 (2022: £490,203)”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: SMITFL charged management fees to the Trust.
“The Connection occupies part of the buildings at St Martin-in-the-Fields and paid a rental charge of £133,750 (2022: £128,750 of rental and related charges) to St Martin-in-the Fields Limited.” — page 49
“Income received by the Trust which was subsequently gifted onto the PCC was £783,418 (2022: £490,203)”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Haysmacintyre LLP.

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

Total income
£8.4m
Total spending
£7.9m
Cost of raising funds
£5.5m
Reserves (reported)
£0
Employees
121

Reported reserves equal ~0.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: City Of Westminster

Income and spending

Financial year endIncomeSpending
31/12/2024£8.4m£7.9m
31/12/2023£7.3m£7.4m
31/12/2022£5.6m£6.1m
31/12/2021£3.8m£4.0m
31/12/2020£3.9m£4.6m

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN-IN-THE-FIELDS, LONDON financially healthy?

The accounts state that the group reported a net movement in funds of a surplus of £6,790 for the year ended 31 December 2023, following a deficit in the prior year. However, the PCC's general reserves stood at a deficit of £0.3m, and free reserves amounted to £nil, with the PCC noting that its financial story remains precarious and dependent on funding from the St Martin-in-the-Fields Trust to cover future shortfalls. Its FY2023 accounts were audited by Haysmacintyre LLP.

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