Charity Accounts Intelreading the accounts so you don’t have to

THE PAROCHIAL CHURCH COUNCIL OF GRIMSBY SAINT MARK AND SAINT MARTIN

Registered charity 1206086 · accounts filings on the Charity Commission register · also known as ST MARK & ST MARTIN'S PCC, GRIMSBY

Latest income
£198k
Latest spending
£201k
Registered
2023
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity reported a net deficit of £2,700 for the year, reversing a surplus in the prior period. However, unrestricted funds increased to £132,900, and the trustees confirm that cash balances exceeded their policy target of three months' expenditure, indicating adequate liquidity despite the operational loss.

What the accounts disclose

Reserves policy: three months unrestricted payments (held: £133k)
“It is PCC policy to maintain a balance on unrestricted funds which equates to at least three months unrestricted payments. This is equivalent to around £43,000 for St Mark’s Church and £6,000 for St Martin’s Church, total £49,000.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: noted by the trustees or auditor
“The church’s operations rely on a combination of grants and the members of the congregation continuing to give money and time to support the church’s staffing and activities. Should this funding cease, the church would be unable to continue to support all its current activities and staffing levels.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Donations from related parties (PCC members and close family members) were £55,700.
“Donations from related parties (PCC members and close family members) were £55,700 (2023: £29,600).” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Governance: The PCC declared 1 Serious Incident to the Charity Commission in 2024, in relation to safeguarding.
“The PCC declared 1 Serious Incident to the Charity Commission in 2024, in relation to safeguarding.” — page 4
Per its FY2024 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: North East Lincolnshire

Income and spending

Financial year endIncomeSpending
31/12/2024£198k£201k

Common questions

Is THE PAROCHIAL CHURCH COUNCIL OF GRIMSBY SAINT MARK AND SAINT MARTIN financially healthy?

The accounts state that the charity reported a net deficit of £2,700 for the year, reversing a surplus in the prior period. However, unrestricted funds increased to £132,900, and the trustees confirm that cash balances exceeded their policy target of three months' expenditure, indicating adequate liquidity despite the operational loss. Its FY2024 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE PAROCHIAL CHURCH COUNCIL OF GRIMSBY, ST MARY AND ST JAMES AND ST HUGH.