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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD'S WOLLATON

Registered charity 1134834 · accounts filings on the Charity Commission register · also known as ST LEONARD'S WOLLATON PCC

Latest income
£256k
Latest spending
£296k
Registered
2010
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds total £222,582, which is above the stated reserves policy target of approximately £100,000. However, the charity reported an operating shortfall for 2023 that was supported from reserves, and the Honorary Treasurer noted that a lack of sustainable funding threatens the mission.

What the accounts disclose

Reserves policy: six months' normal expenditure (around £100,000) (held: £223k)
“The policy of the Parochial Church Council is to hold a sufficient sum in reserves to cover 6 months’ normal expenditure. Based upon current turnover this is a sum of around £100,000.” — page 5
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The PCC pays an annual Parish Share to the Diocese of Southwell and Nottingham, which is a related party transaction.
“St. Leonard’s Parochial Church is part of the wider “Church of England” and reports directly to the Diocese of Southwell and Nottingham, paying its annual Parish Share to the diocese, which, in 2023, totalled £115,944 (2022: £116,196)” — page 9
Per its FY2023 accounts as filed with the Charity Commission.
Pension scheme deficit: £29.1m
“This revealed, on the ongoing assumptions used, a deficit of £29.1m.”
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Nottingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£256k£296k
31/12/2023£219k£265k
31/12/2022£232k£233k
31/12/2021£194k£211k
31/12/2020£189k£247k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD'S WOLLATON financially healthy?

The accounts state that unrestricted funds total £222,582, which is above the stated reserves policy target of approximately £100,000. However, the charity reported an operating shortfall for 2023 that was supported from reserves, and the Honorary Treasurer noted that a lack of sustainable funding threatens the mission. Its FY2023 accounts were independently examined.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. LEONARD'S, CHESHAM BOIS.