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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALENE, SUTTON-IN-ASHFIELD

Registered charity 1134798 · accounts filings on the Charity Commission register · also known as ST MARY MAGDALENE'S PCC, SUTTON-IN-ASHFIELD · listed website unreachable when last crawled

Latest income
£130k
Latest spending
£113k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported an excess income over expenditure of £9,279.74 for the year, resulting in total funds of £137,150.51. However, the trustees explicitly note a concern that unrestricted finances are currently insufficient to pay the Parish Share in full. The charity maintains a reserves policy target of three months' running costs, valued at £30,000.

What the accounts disclose

Reserves policy: three months running costs (£30,000) (held: £60k)
“The PCC resolved to reserve out of unrestricted funds 3 months running costs (£30,000).” — page 16
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The PCC is concerned that the finances are still not, at present, sufficient to pay the Parish Share in full.”
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Payments of £605.00 were made to 3 persons who are trustees or connected with trustees for occasional services rendered at weddings etc. (Minister, verger, bell ringer, or chorister).
“Under a power available to charities under the Charities Act 2006, the PCC made payments to 3 persons trustee/connected to, for occasional services rendered at weddings etc. either as Minister, verger, bell ringer or chorister. The total paid to these individuals in the year ended 31st December 2023 was £605.00.” — page 16
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payments to trustees/connected persons for services
“Under a power available to charities under the Charities Act 2006, the PCC made payments to 3 persons trustee/connected to, for occasional services rendered at weddings etc. either as Minister, verger, bell ringer or chorister. The total paid to these individuals in the year ended 31st December 2023 was £605.00.” — page 16
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited.

Trustees

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

Operates in: Nottinghamshire

Income and spending

Financial year endIncomeSpending
31/12/2024£130k£113k
31/12/2023£130k£121k
31/12/2022£63k£68k
31/12/2021£84k£81k
31/12/2020£88k£56k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALENE, SUTTON-IN-ASHFIELD financially healthy?

The accounts state that the charity reported an excess income over expenditure of £9,279.74 for the year, resulting in total funds of £137,150.51. However, the trustees explicitly note a concern that unrestricted finances are currently insufficient to pay the Parish Share in full. The charity maintains a reserves policy target of three months' running costs, valued at £30,000. Its FY2023 accounts were audited.

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