THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MICHAEL AND ALL ANGELS WITH ST. JAMES - CROYDON
The role of St Michael's is the proclamation and preservation of the authentic Catholic Faith which this church was built to maintain. The PCC has the responsibility of cooperating with the Incumbent in considering the Charity Commission's guidance on public benefit and that for the advancement of religion.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £115,745 for the year, reducing its unrestricted reserves to £550,593. The trustees note that despite recent deficits and operational risks, the parish has sufficient unrestricted reserves for the immediate future and received post-year-end grants and a legacy to aid liquidity. The trustees consider the current level of reserves sufficient to meet obligations and continue operations.
What the accounts disclose
“The trustees have a policy to maintain the balance of liquid reserves at a level that is sufficient to provide funding to continue operations for at least six months” — page 8
Trustees
- The Reverend Canon Timothy David Pikechair
- Alan John Rose
- Anthony Adeloye
- Christopher James William Hood
- Gloria Renner-Thomas
- JOSEPH GOSWELL
- Nicholas Robert Tall
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £77k | £193k |
| 31/12/2023 | £99k | £166k |
| 31/12/2022 | £99k | £167k |
| 31/12/2021 | £287k | £141k |
| 31/12/2020 | £164k | £158k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MICHAEL AND ALL ANGELS WITH ST. JAMES - CROYDON financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £115,745 for the year, reducing its unrestricted reserves to £550,593. The trustees note that despite recent deficits and operational risks, the parish has sufficient unrestricted reserves for the immediate future and received post-year-end grants and a legacy to aid liquidity. The trustees consider the current level of reserves sufficient to meet obligations and continue operations. Its FY2024 accounts were independently examined.