THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD
Financial health, per its FY2023 accounts
The accounts state that the charity recorded a trading loss of £12,457 for the year ended 31 December 2023, following a loss in the previous year, which the Treasurer describes as unsustainable in the medium term. Unrestricted reserves decreased to £85,809, representing approximately eight months of unrestricted expenditure, which the report characterizes as a worrying trend. The charity relies heavily on regular giving, which declined, while the Diocesan Parish Share remains its heaviest financial burden.
What the accounts disclose
“The PCC’s policy is to maintain a balance on unrestricted funds which equates to at least three months’ unrestricted payments.” — page 12
“This is something that we need to face head-on as a church family, because, as our treasurer writes, it is not sustainable even in the medium term.”
“Note: Loxwood reordering costs amounting to £2,000 related to payments made to Trustees.” — page 22
“Note: Loxwood reordering costs amounting to £2,000 related to payments made to Trustees.” — page 22
Year-over-year changes
- Going concern: no going-concern doubt (FY2022) → going-concern doubt noted (FY2023).
Trustees
- Andrew Beattie
- Dr Iain Taylor
- Elizabeth Catherine Simpson
- Emily Bilthouse
- Juliet Ruth Beattie
- Owen Chisholm
- Paul Gibson
- Rebecca Hughes
- Rev James Forward
- Richard William Larwood Allan
- Roger Alexander Brockway
- Ruth Elizabeth Allan
- Stephen Daniel Hursthouse
- Steven Francis Board
- Trevor Roy Goacher
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £154k | £135k |
| 31/12/2023 | £118k | £127k |
| 31/12/2022 | £140k | £150k |
| 31/12/2021 | £137k | £124k |
| 31/12/2020 | £127k | £124k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALFOLD AND LOXWOOD financially healthy?
The accounts state that the charity recorded a trading loss of £12,457 for the year ended 31 December 2023, following a loss in the previous year, which the Treasurer describes as unsustainable in the medium term. Unrestricted reserves decreased to £85,809, representing approximately eight months of unrestricted expenditure, which the report characterizes as a worrying trend. The charity relies heavily on regular giving, which declined, while the Diocesan Parish Share remains its heaviest financial burden. Its FY2023 accounts were independently examined.
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