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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARTIN IN THE FIELDS, FINHAM, COVENTRY

Registered charity 1133962 · accounts filings on the Charity Commission register · also known as ST. MARTIN'S PCC FINHAM

Latest income
£228k
Latest spending
£174k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that total expenditure exceeded total income by £24,326, resulting in a widening cash deficit and a reduction in total assets from £229,237 to £222,060. The Treasurer notes that cash funds have fallen to £22,500 and that continued withdrawals from deposit funds may necessitate drawing upon investment funds, which would reduce their earning capacity. While the coffee shop generated a surplus, the overall financial position is under pressure due to rising costs and previous gift aid recovery difficulties.

What the accounts disclose

Reserves policy: six months of essential expenditure (held: £222k)
“In January 2020 the PCC reviewed its policy on financial reserves and decided that sufficient accessible funds should be kept at all times to cover six months of essential expenditure. Based on 2022, the amount to be kept in reserve is estimated to be £122,512.” — page 24
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Coventry City · Warwickshire

Income and spending

Financial year endIncomeSpending
31/12/2024£228k£174k
31/12/2023£231k£255k
31/12/2022£192k£208k
31/12/2021£130k£145k
31/12/2020£122k£128k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARTIN IN THE FIELDS, FINHAM, COVENTRY financially healthy?

The accounts state that total expenditure exceeded total income by £24,326, resulting in a widening cash deficit and a reduction in total assets from £229,237 to £222,060. The Treasurer notes that cash funds have fallen to £22,500 and that continued withdrawals from deposit funds may necessitate drawing upon investment funds, which would reduce their earning capacity. While the coffee shop generated a surplus, the overall financial position is under pressure due to rising costs and previous gift aid recovery difficulties. Its FY2023 accounts were independently examined.

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