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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN, PRESTON

Registered charity 1196971 · accounts filings on the Charity Commission register · also known as ST STEPHEN'S PCC, PRESTON

Latest income
£131k
Latest spending
£140k
Registered
2021
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that unrestricted fund expenditure exceeded income by £4,623 in 2023, resulting in a net deficit for the unrestricted funds, although the charity reported an overall surplus of £46 across all funds. The trustees note that the 2023 deficit does not include £2,850 of mission expenses funded directly from the Snape Fund. Free reserves at year-end were £49,241, which the trustees consider comfortably higher than their policy target of approximately £27,000.

What the accounts disclose

Reserves policy: three months of unrestricted payments (held: £49k)
“It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months' unrestricted payments. This is equivalent to around £27,000.” — page 6
Per its FY2023 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The PCC has therefore approved a budget for 2024 that anticipates a general fund deficit that could be as much as £6,500 for the year. All reasonable measures to manage costs are being taken.”
Per its FY2023 accounts as filed with the Charity Commission.
Related-party transaction: Reimbursement of expenses to PCC members or close family
“A total of £2,239 (2022: £2,643) was paid out to PCC members (or their close family members) as reimbursement for various parish expenses. This does not include expenses paid to the incumbent, a small immaterial portion of which may have related to his services as chairman of the PCC. No other payments or expenses were paid to any other PCC member, persons closely related to them or related parties.” — page 18
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: Lancashire

Income and spending

Financial year endIncomeSpending
31/12/2024£131k£140k
31/12/2023£148k£148k
31/12/2022£116k£120k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST STEPHEN, PRESTON financially healthy?

The accounts state that unrestricted fund expenditure exceeded income by £4,623 in 2023, resulting in a net deficit for the unrestricted funds, although the charity reported an overall surplus of £46 across all funds. The trustees note that the 2023 deficit does not include £2,850 of mission expenses funded directly from the Snape Fund. Free reserves at year-end were £49,241, which the trustees consider comfortably higher than their policy target of approximately £27,000. Its FY2023 accounts were independently examined.

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