THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET LOTHBURY
The life of the Church reflects the nature and location of the Parish at the heart of the Square Mile. The main service of the week is on Wednesday Lunchtimes - an informal service with worship, teaching and the opportunity to receive prayer. Holy Communion is celebrated on Tuesday Lunchtimes using the BCP. On significant days in the Christian calendar appropriate services are also held.
Financial health, per its FY2024 accounts
The accounts state that total funds stood at £1,179,490, with unrestricted funds of £254,571. The charity reported a deficit on unrestricted activities of £27,878 for the year, while maintaining a designated Reserve fund of £565,255 intended to cover twelve months of operations. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“The Reserve fund is to ensure sufficient reserves are held to enable the PCC to continue to operate for a period of twelve months.”
“Expenses totalling £1,329 were due to one member of the PCC for the year (2023: £1,079 to one member); also the reimbursement of rectory maintenance costs of £3,855 (2023: £nil ).” — page 15
Trustees
- Rev Tosin Oladipochair
- Adekemi Adebajo
- Cheryl Stafford
- Chris Oldham
- DAVID JESSOP
- David Henderson-Begg
- David Schluter
- Jaqueline Foot
- John William May
- Mark Thomas
- Mr Will Taylor
- Oliver Holdsworth Gillett
- Shainy Joganah
- Tanyaradzwa Chikanza
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £203k | £261k |
| 31/12/2023 | £246k | £328k |
| 31/12/2022 | £241k | £240k |
| 31/12/2021 | £200k | £207k |
| 31/12/2020 | £251k | £228k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARGARET LOTHBURY financially healthy?
Per its FY2024 accounts: The accounts state that total funds stood at £1,179,490, with unrestricted funds of £254,571. The charity reported a deficit on unrestricted activities of £27,878 for the year, while maintaining a designated Reserve fund of £565,255 intended to cover twelve months of operations. The trustees confirmed the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2024 accounts were independently examined.