THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net surplus of £11,215 for the year, bringing total net assets to £2,307,588. However, the trustees report a free reserves deficit of £25,038, noting that their policy is not to deliberately build up reserves and that they expect 2024 giving to restore a balanced unrestricted position. The charity holds significant fixed assets valued at £2,330,467 and manages concessionary loans from the Diocese of London to fund building repairs.
What the accounts disclose
“As of 31 December 2023, the church had net free reserves deficit of £25,038 (2022: £35,766). With the growing congregation, we expect the congregational giving of 2024 to bring St. Leonard’s to a balanced unrestricted reserves position.” — page 7
“The incumbent of St.Leonard's is also the incumbent of the Parish of Hackney. During the year the Parish of Hackney collected donations as agent for St. Leonard's in the amount of £125,899 (2022: £88,625). During the year the PCC was charged £124,479 (2022: £108,773) by the Parish of Hackney for lay ministry and administrative support that was wholly related to the benefit of St. Leonard's church activities.” — page 17
Trustees
- Aimen Burhan
- Callum Frost
- Cat Bramley
- Colleen Gilkes
- DEBORAH MARY PRITCHARD
- David Lochhead
- Deon Vermaak
- Kevin Sing Yue Kong
- PHILIP MICHAEL WHITEHEAD MA MSC
- Rev Alexander Gordon
- Rev Naomi Maxwell-Babatunde
- Will Johnson
- Yvonne Tapper
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £313k | £371k |
| 31/12/2023 | £380k | £368k |
| 31/12/2022 | £288k | £350k |
| 31/12/2021 | £268k | £332k |
| 31/12/2020 | £200k | £181k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LEONARD SHOREDITCH financially healthy?
The accounts state that the charity reported a net surplus of £11,215 for the year, bringing total net assets to £2,307,588. However, the trustees report a free reserves deficit of £25,038, noting that their policy is not to deliberately build up reserves and that they expect 2024 giving to restore a balanced unrestricted position. The charity holds significant fixed assets valued at £2,330,467 and manages concessionary loans from the Diocese of London to fund building repairs. Its FY2023 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 17/08/2020 | £16k | "COVID19 St Leonard's church, Shoreditch" |
| The National Lottery Heritage Fund | 28/11/2017 | £238k | "St Leonard's Shoreditch: urgent repairs to portico and west front" |
| The National Lottery Heritage Fund | 11/10/2017 | £10k | "Looking for Shoreditch's vanished mediaeval church" |
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