THE PAROCHIAL CHURCH COUNCIL THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTTINGHAM

Registered charity 1177652 · accounts filings on the Charity Commission register · also known as ST MARY'S CHURCH

Religion - Church

Causes: Religious Activities · website · Get email alerts

Latest income
£514k
Latest spending
£519k
Registered
2018
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net expenditure deficit of £4,535 for the year, with total income of £513,984 against expenditure of £518,519. Per the trustees' report, unrestricted reserves at year-end were £923,531, which exceeds the stated policy target of £127,500.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: three months of unrestricted payments (equivalent to £127,500) (held: £924k)
“It is the policy of the PCC to maintain a balance on unrestricted reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £127,500” — page 6
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£514k
Total spending
£519k
Cost of raising funds
£3k
Reserves (reported)
£235k
Employees
6

Reported reserves equal ~5.4 months of spending — above the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, cost of raising funds: 0.6% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

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

Operates in: Nottingham City

Income and spending

Financial year endIncomeSpending
31/12/2024£514k£519k
31/12/2023£595k£594k
31/12/2022£251k£305k
31/12/2021£338k£365k
31/12/2020£176k£246k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, THE LACE MARKET, NOTTINGHAM financially healthy?

Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £4,535 for the year, with total income of £513,984 against expenditure of £518,519. Per the trustees' report, unrestricted reserves at year-end were £923,531, which exceeds the stated policy target of £127,500. Its FY2024 accounts were independently examined.