THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. EDMUND THE KING, NORTHWOOD HILLS
Latest income
£116k
Latest spending
£94k
Registered
2016
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted income exceeded unrestricted expenditure by £6,982, resulting in a surplus on the General Fund. The total funds increased by £30,008 to £162,007, with free reserves standing at £39,100, which is above the stated policy target of around £25,000.
What the accounts disclose
Highest-paid employee band: Under £20,000 — below the median for charities its size (£60k)
“Mr. M. Hammond, who is a member of the PCC, was paid £4,375 as church organist.” — page 47
Per its FY2023 accounts as filed with the Charity Commission.
Reserves policy: three months' normal unrestricted expenditure, around £25,000 (held: £39k)
“In order to maintain cashflows and provide for emergency expenditure, it is PCC policy to try to maintain sufficient balance on free reserves (net current assets) to cover three months’ normal unrestricted expenditure, around £25,000.” — page 18
Per its FY2023 accounts as filed with the Charity Commission.
Payments to trustees: Mr. M. Hammond, who is a member of the PCC, was paid £4,375 as church organist.
“Mr. M. Hammond, who is a member of the PCC, was paid £4,375 as church organist. (2022: £4,300). (In 2022 Miss H. Collier, who was then a member of the PCC, was paid £90 as locum church organist).” — page 47
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Payment to PCC member for services
“Mr. M. Hammond, who is a member of the PCC, was paid £4,375 as church organist. (2022: £4,300).” — page 47
Per its FY2023 accounts as filed with the Charity Commission.
Year-over-year changes
- Going concern: going-concern doubt noted (FY2022) → no going-concern doubt (FY2023).
Trustees
- Rev Michael Andrew Millerchair
- Anita Diane Nicholas
- CAROL DIGGINS
- CHRISTOPHER JOHN AMBROSE
- Clare Moses
- HELEN CLAIRE COLLIER
- Indrani Prabhu
- Isaac Akinbode Olugbemiga Odeyemi
- JAMES PERCIVAL MAIR
- MARK ANDREW HAMMOND
- SARAH LISBETH PARNABY
- STEVEN PAUL CASTLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £116k | £94k |
| 31/12/2023 | £131k | £102k |
| 31/12/2022 | £163k | £223k |
| 31/12/2021 | £150k | £103k |
| 31/12/2020 | £83k | £99k |
Common questions
Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. EDMUND THE KING, NORTHWOOD HILLS financially healthy?
The accounts state that unrestricted income exceeded unrestricted expenditure by £6,982, resulting in a surplus on the General Fund. The total funds increased by £30,008 to £162,007, with free reserves standing at £39,100, which is above the stated policy target of around £25,000. Its FY2023 accounts were independently examined.
What does the highest-paid employee of THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. EDMUND THE KING, NORTHWOOD HILLS earn?
Per its FY2023 accounts, the highest-paid employee was in the Under £20,000 band.
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