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

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY, BOURNE STREET, LONDON

Registered charity 1134828 · accounts filings on the Charity Commission register · also known as ST MARY'S BOURNE STREET PCC

Latest income
£216k
Latest spending
£299k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity incurred a deficit of £9,582 on its general fund for the year ended 31 December 2023, following a larger deficit in the previous year. While total net assets increased significantly to £3,092,457 due to the completion of the Pineapple Project, the unrestricted reserves of £40,181 remain low relative to the charity's stated policy of maintaining only one month's costs.

What the accounts disclose

Reserves policy: one month’s costs (held: £40k)
“The PCC's normal policy is only to maintain a reserve on the general (unrestricted) fund to cover one month’s costs, except where necessary to meet known future expenditure, as its objective is that current expenditure should be met by current giving and other income.” — page 8
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Pine Apple Bourne Street Limited (PABS) is a new charity in which the PCC has a material interest. The PCC spent £136 on cleaning and £100 on equipping the kitchen for PABS, and received £330 in payments for use of the Russell Room.
“Before the end of 2023, the PCC spent £136 on cleaning the Russell Room and £100 on equipping the kitchen, and it received £330 in payments for use of the Russell Room. The net amount received will be remitted to PABS.”
“Members of the PCC and their close relatives donated £60,776 to the PCC in 2023 (£82,386 in 2022) in Gift Aid envelopes or by cheque or BACS transfer.” — page 35
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Members of the PCC and their close relatives donated £60,776 to the PCC in 2023.
“Before the end of 2023, the PCC spent £136 on cleaning the Russell Room and £100 on equipping the kitchen, and it received £330 in payments for use of the Russell Room. The net amount received will be remitted to PABS.”
“Members of the PCC and their close relatives donated £60,776 to the PCC in 2023 (£82,386 in 2022) in Gift Aid envelopes or by cheque or BACS transfer.” — page 35
Per its FY2023 accounts as filed with the Charity Commission.
Trading subsidiary: Pine Apple Bourne Street Limited
“The new charity, called Pine Apple Bourne Street Limited (“PABS”), was incorporated as a company limited by guarantee on 1st May 2023 and registered as a charity with the Charity Commission on 9th January 2024”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Field Sullivan Limited.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£1.5m
Total spending
£239k
Cost of raising funds
£7k
Reserves (reported)
£40k
Employees
3

Reported reserves equal ~2.0 months of spending — in the bottom quarter for charities its size (median 7.0 months; benchmarks).

Register events

Trustees

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

Operates in: City Of Westminster

Income and spending

Financial year endIncomeSpending
31/12/2024£216k£299k
31/12/2023£1.5m£239k
31/12/2022£1.5m£245k
31/12/2021£466k£288k
31/12/2020£484k£211k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY, BOURNE STREET, LONDON financially healthy?

The accounts state that the charity incurred a deficit of £9,582 on its general fund for the year ended 31 December 2023, following a larger deficit in the previous year. While total net assets increased significantly to £3,092,457 due to the completion of the Pineapple Project, the unrestricted reserves of £40,181 remain low relative to the charity's stated policy of maintaining only one month's costs. Its FY2023 accounts were audited by Field Sullivan Limited.

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 SAINT MARY THE VIRGIN, WARE.