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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALEN WITH ST OLAVE, ST JOHN AND ST LUKE ,BERMONDSEY

Registered charity 1185654 · accounts filings on the Charity Commission register

Latest income
£166k
Latest spending
£167k
Registered
2019
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted funds were more than sufficient to cover the PCC's policy target of three months' unrestricted payments, as held in short-term deposits and cash. The charity reported an overall surplus for the year, with total funds increasing from £513,377 to £566,984. No material uncertainties or risks to continuing operations were disclosed.

What the accounts disclose

Reserves policy: approximately three months' unrestricted payments (held: £105k)
“It is PCC policy to try to maintain a balance on unrestricted funds which equates to approximately three months' unrestricted payments.” — page 2
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Title to freehold properties is held by South London Church Fund and Southwark Diocesan Board of Finance as custodian trustee.
“Title to the properties is held on behalf of the PCC by the South London Church Fund and Southwark Diocesan Board of Finance as custodian trustee.” — page 2
“Investments include trust funds held by the South London Church Fund on behalf of the PCC.” — page 2
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Investments are held by South London Church Fund on behalf of the PCC.
“Title to the properties is held on behalf of the PCC by the South London Church Fund and Southwark Diocesan Board of Finance as custodian trustee.” — page 2
“Investments include trust funds held by the South London Church Fund on behalf of the PCC.” — page 2
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: The Ecclesiastical Charity is administered by the PCC.
“Title to the properties is held on behalf of the PCC by the South London Church Fund and Southwark Diocesan Board of Finance as custodian trustee.” — page 2
“Investments include trust funds held by the South London Church Fund on behalf of the PCC.” — page 2
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Southwark

Income and spending

Financial year endIncomeSpending
31/12/2024£166k£167k
31/12/2023£117k£102k
31/12/2022£135k£92k
31/12/2021£128k£105k
31/12/2020£111k£88k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY MAGDALEN WITH ST OLAVE, ST JOHN AND ST LUKE ,BERMONDSEY financially healthy?

The accounts state that unrestricted funds were more than sufficient to cover the PCC's policy target of three months' unrestricted payments, as held in short-term deposits and cash. The charity reported an overall surplus for the year, with total funds increasing from £513,377 to £566,984. No material uncertainties or risks to continuing operations were disclosed. Its FY2023 accounts were independently examined.

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