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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF REDDITCH HOLY TRINITY

Registered charity 1134307 · accounts filings on the Charity Commission register · also known as REDDITCH HOLY TRINITY PCC

Latest income
£324k
Latest spending
£314k
Registered
2010
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that unrestricted reserves of £112,021 are maintained to cover eight months of everyday expenses, exceeding the stated policy target of three months. The trustees note that this higher level of reserves is necessary due to uncertainties surrounding energy prices and potential continued loss of income from regular giving.

What the accounts disclose

Reserves policy: three months of future everyday expenses (held: £112k)
“The PCC policy is to maintain a General Fund reserve that is used to pay all the everyday expenses. The balance on the General Fund will be kept at a level which, where possible, is at least equal to 3 months of future everyday expenses.” — page 19
Per its FY2022 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“In view of the current uncertainties surrounding the energy prices crisis ,together with potential continued loss of income from regular giving, the PCC has determined that this level of General Fund is necessary.”
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Structured financials (annual return, FY ending 31/12/2020)

Total income
£780k
Total spending
£271k
Cost of raising funds
£2k
Reserves (reported)
£114k
Employees
0

Reported reserves equal ~5.1 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Worcestershire

Income and spending

Financial year endIncomeSpending
31/12/2024£324k£314k
31/12/2023£238k£257k
31/12/2022£261k£239k
31/12/2021£304k£481k
31/12/2020£780k£271k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF REDDITCH HOLY TRINITY financially healthy?

The accounts state that unrestricted reserves of £112,021 are maintained to cover eight months of everyday expenses, exceeding the stated policy target of three months. The trustees note that this higher level of reserves is necessary due to uncertainties surrounding energy prices and potential continued loss of income from regular giving. Its FY2022 accounts were independently examined.

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