THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves dropped from £35,472 to £29,159, with the PCC concluding this level is dropping below an acceptable level and may not support current activities. The charity faces significant financial pressure due to urgent building repairs, including an estimated £100,000 for heating restoration, while relying on voluntary giving to balance the books.
What the accounts disclose
“The PCC reviewed the level of reserves during the year and concluded that the current level of reserves is dropping below an acceptable level” — page 6
Trustees
- ANN SMITH
- Chris Simmonds
- GILLIAN MARY EDWARDS
- KAY BATEMAN
- MARGARET RACHEL STORR VICKERY
- Madeleine Searle
- SUSAN LILLIAN WALLER
- Simon Love
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £109k | £119k |
| 31/12/2023 | £92k | £101k |
| 31/12/2022 | £80k | £84k |
| 31/12/2021 | £55k | £58k |
| 31/12/2020 | £60k | £71k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. JOHN THE BAPTIST, MARGATE financially healthy?
The accounts state that unrestricted reserves dropped from £35,472 to £29,159, with the PCC concluding this level is dropping below an acceptable level and may not support current activities. The charity faces significant financial pressure due to urgent building repairs, including an estimated £100,000 for heating restoration, while relying on voluntary giving to balance the books. Its FY2023 accounts were independently examined.
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