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

PARISH OF ABERYSTWYTH PAROCHIAL CHURCH COUNCIL

Registered charity 1134858 · accounts filings on the Charity Commission register

Latest income
£491k
Latest spending
£590k
Registered
2010
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity faces significant financial challenges due to lower attendance and rising costs, leading to plans to sell properties to maintain staffing and repair buildings. Per the trustees' report, unrestricted funds stood at £662,071 against total liabilities of £157,808, resulting in net assets of £863,361, though the charity acknowledges the need for economy measures and grants to remedy future deficits.

What the accounts disclose

Trading subsidiary: St. Michael's Car Park Ltd
“St. Michael's Car Park Ltd is a company whose shareholders are the wardens of St. Michael's Church and that donates all of its profits to St. Michael's Church.” — page 6
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

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

Total income
£598k
Total spending
£646k
Cost of raising funds
£2k
Reserves (reported)
£642k
Employees
7

Reported reserves equal ~11.9 months of spending — above the median for charities its size (median 7.0 months; benchmarks).

Trustees

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

Operates in: Ceredigion

Income and spending

Financial year endIncomeSpending
31/12/2024£491k£590k
31/12/2023£598k£646k
31/12/2022£653k£518k
31/12/2021£412k£390k
31/12/2020£542k£409k

Common questions

Is PARISH OF ABERYSTWYTH PAROCHIAL CHURCH COUNCIL financially healthy?

The accounts state that the charity faces significant financial challenges due to lower attendance and rising costs, leading to plans to sell properties to maintain staffing and repair buildings. Per the trustees' report, unrestricted funds stood at £662,071 against total liabilities of £157,808, resulting in net assets of £863,361, though the charity acknowledges the need for economy measures and grants to remedy future deficits. Its FY2022 accounts were independently examined.

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 HIGH WYCOMBE ALL SAINTS.