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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GILES, NORTHAMPTON

Registered charity 1149547 · accounts filings on the Charity Commission register · also known as ST GILES PCC, NORTHAMPTON

Latest income
£406k
Latest spending
£334k
Registered
2012
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity reported a net expenditure of £27,567 for the year, resulting in a decrease in total funds from £1,704,931 to £1,677,364. Per the trustees' report, this deficit was drawn from reserves that remained at a high level, with free reserves representing approximately 8 months' ordinary expenditure at the balance sheet date. The trustees note that while regular income was above budget, expenditure was also below budget, leading to a deficit £39,000 less than planned.

What the accounts disclose

Reserves policy: five months' expenditure (held: £1.7m)
“The PCC has a long term aim to grow "free reserves" to be roughly equal to 5 months' expenditure, so as to provide against contingencies such as a sudden fall in income or unexpected major expenditure. Free reserves are defined as unrestricted funds, excluding fixed assets and excluding designated funds already set aside for specific purposes. At the balance sheet date the free reserves represented approximately 8 months' ordinary expenditure.” — page 13
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Beth Whaites received £30,143 in remuneration for work as Youth Minister and was appointed a trustee in 2023.
“During the year remuneration totalling £30,143 (2022: £27,050) was paid to B Whaites (appointed a trustee in 2023) for their work as a Youth Minister.” — page 23
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Beth Whaites, has been employed throughout the year by the Trust as Youth Minister at the normal remuneration for such position following a thorough recruitment process.
“During the year remuneration totalling £30,143 (2022: £27,050) was paid to B Whaites (appointed a trustee in 2023) for their work as a Youth Minister.” — page 23
Per its FY2023 accounts as filed with the Charity Commission.
Pension scheme deficit: £4.8m
“For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used.” — page 28
Per its FY2023 accounts as filed with the Charity Commission.

Accounts audited by Shaw Gibbs (Audit) Limited.

Trustees

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

Operates in: Northamptonshire

Income and spending

Financial year endIncomeSpending
31/12/2024£406k£334k
31/12/2023£317k£344k
31/12/2022£306k£343k
31/12/2021£407k£329k
31/12/2020£390k£363k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST GILES, NORTHAMPTON financially healthy?

The accounts state that the charity reported a net expenditure of £27,567 for the year, resulting in a decrease in total funds from £1,704,931 to £1,677,364. Per the trustees' report, this deficit was drawn from reserves that remained at a high level, with free reserves representing approximately 8 months' ordinary expenditure at the balance sheet date. The trustees note that while regular income was above budget, expenditure was also below budget, leading to a deficit £39,000 less than planned. Its FY2023 accounts were audited by Shaw Gibbs (Audit) Limited.

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