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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN PARISH CHURCH WESTERHAM KENT

Registered charity 1133994 · accounts filings on the Charity Commission register · also known as ST MARY'S CHURCH WESTERHAM

Latest income
£119k
Latest spending
£121k
Registered
2010
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a net deficit on general funds of £31,944 for the year ended 31 December 2022, driven by rising costs and investment revaluation losses. While the PCC notes that drawing on substantial investment reserves to cover shortfalls reduces long-term financial sustainability, they confirm that available investments are sufficient to cover any income shortfall in the coming year.

What the accounts disclose

Related-party transaction: The document states the Vicar's salary is paid by the Diocese, not the PCC. The PCC pays a 'parish share' to the Diocese. This is a standard ecclesiastical arrangement, not typically a 'related party transaction' in the commercial sense where the charity pays a related entity for goods/services beyond standard rates, but the Diocese is a related body. However, the prompt asks for 'disclosed related-party transactions (who, what, amount)'. The payment to the Diocese is disclosed. The PCC members gave £7,335. The Priest in Charge is reimbursed expenses. Let's look for explicit 'related party' disclosures. None are explicitly labeled 'related party'. The prompt asks for 'disclosed related-party transactions'. Usually, this refers to transactions with trustees or connected persons. The PCC members gave £7,335. This is a transaction with related parties (trustees).
“The total identified giving by members of the PCC, while members, totalled K7,335 excluding gift aid recoverable.” — page 6
Per its FY2022 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: Kent

Income and spending

Financial year endIncomeSpending
31/12/2024£119k£121k
31/12/2023£131k£190k
31/12/2022£116k£109k
31/12/2021£78k£89k
31/12/2020£108k£96k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN PARISH CHURCH WESTERHAM KENT financially healthy?

The accounts state that the charity reported a net deficit on general funds of £31,944 for the year ended 31 December 2022, driven by rising costs and investment revaluation losses. While the PCC notes that drawing on substantial investment reserves to cover shortfalls reduces long-term financial sustainability, they confirm that available investments are sufficient to cover any income shortfall in the coming year. Its FY2022 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. JAMES WEST STREATHAM SOUTHWARK.