ST MICHAEL'S SOUTHFIELDS
The advancement of the Christian faith within the parish of St Michael's, promoting the provision of facilities for recreation and leisure-time activities. More specifically working with youth and children, through sport.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £1,151 for the year ended 31 December 2024, with total income of £33,318 primarily from rental sources. The charity maintains unrestricted reserves of £22,476, which significantly exceeds its stated policy target of three months' unrestricted payments estimated at £6,000.
What the accounts disclose
“Church workers rented the apartments at a subsidised rent generating rental income of £25,800”
“The reserves policy aims to maintain a balance on free reserves, being net current asscts, of at least 3 months payments.” — page 5
“Staff costs of £15,000 (2023: £15,000) were recharged to St Michael’s Southfields by the PCC in respect of employees providing services to this entity.” — page 16
Property (HM Land Registry)
Trustees
- Katharine Sarah Ann Elliottchair
- Edward Hicks
- Elizabeth Jane Jukes
- Jonathon Philip Frostick
- PCC of St Michael and All Angels with St Stephen, Wandsworth
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £33k | £32k |
| 31/12/2023 | £29k | £33k |
| 31/12/2022 | £90k | £28k |
| 31/12/2021 | £214k | £26k |
| 31/12/2020 | £267k | £35k |
Common questions
Is ST MICHAEL'S SOUTHFIELDS financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £1,151 for the year ended 31 December 2024, with total income of £33,318 primarily from rental sources. The charity maintains unrestricted reserves of £22,476, which significantly exceeds its stated policy target of three months' unrestricted payments estimated at £6,000. Its FY2024 accounts were independently examined.