CATHOLIC APOSTOLIC CHURCH (PADDINGTON) GENERAL PURPOSES FUND
Paddington Church Trust is a religious purposes charity relating to the Catholic Apostolic Church at Maida Avenue, London, W2 1SR.
Financial health, per its FY2024 accounts
The accounts state that the charity is winding up its affairs and has not been prepared on a going concern basis due to the transfer of assets and closure of the church building. Per the trustees' report, the charity holds significant unrestricted and endowed reserves (£266,500 and £3,607,400 respectively) but has ceased receiving donations and has exhausted its specific upkeep fund.
What the accounts disclose
“The Trustees no longer regard themselves as having the necessary Reserves to enable them to maintain the building.” — page 5
“The accounts have been prepared on the basis that the majority of the Trustees no longer regard the Paddington Church Trust as a going concern.” — page 15
Trustees
- ANDREW DAVID KILMAINE DE FERRARS
- BENJAMIN JAMES VINEY
- JAMES KILLMAINE GRAHAM DE FERRARS
- MR MICHAEL CARTER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £124k | £153k |
| 31/12/2023 | £153k | £150k |
| 31/12/2022 | £157k | £112k |
| 31/12/2021 | £338k | £138k |
| 31/12/2020 | £98k | £149k |
Common questions
Is CATHOLIC APOSTOLIC CHURCH (PADDINGTON) GENERAL PURPOSES FUND financially healthy?
Per its FY2024 accounts: The accounts state that the charity is winding up its affairs and has not been prepared on a going concern basis due to the transfer of assets and closure of the church building. Per the trustees' report, the charity holds significant unrestricted and endowed reserves (£266,500 and £3,607,400 respectively) but has ceased receiving donations and has exhausted its specific upkeep fund. Its FY2024 accounts were audited by Saffery LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| ST. STEPHEN'S HOUSE (GLOUCESTER ROAD) LIMITED | 1 | £425k |
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £61k |
| CATHOLIC TRUST FOR ENGLAND AND WALES | 1 | £35k |
| THE KARLSSON JATIVA CHARITABLE FOUNDATION | 1 | £26k |
| THE UNION OF THE SISTERS OF MERCY OF GREAT BRITAIN | 1 | £24k |
| OLD POSSUM'S PRACTICAL TRUST | 1 | £15k |
| THE 29TH MAY 1961 CHARITY | 1 | £15k |
| ROSCA TRUST | 1 | £14k |
Charities like this
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON
- CATHOLIC APOSTOLIC CHURCH - TRUST PROPERTY HELD IN CONNECTION THEREWITH
- WESTMINSTER ROMAN CATHOLIC DIOCESAN TRUST AND OTHER TRUST FUNDS ADMINISTERED BY THE WESTMINSTER ROMAN CATHOLIC DIOCESAN TRUSTEE
- CATHOLIC TRUST FOR ENGLAND AND WALES
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ALL SAINTS, MARGARET STREET, LONDON W1
- THE PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WEST WIMBLEDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CATHOLIC APOSTOLIC CHURCH (PADDINGTON) GENERAL PURPOSES FUND | £124k | — | 0 | below | — | noted |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. STEPHEN WITH ST. LUKE, PADDINGTON | £232k | — | 0 | unclear | — | no doubt |
| CATHOLIC APOSTOLIC CHURCH - TRUST PROPERTY HELD IN CONNECTION THEREWITH | £982k | — | — | within | — | no doubt |
| WESTMINSTER ROMAN CATHOLIC DIOCESAN TRUST AND OTHER TRUST FUNDS ADMINISTERED BY THE WESTMINSTER ROMAN CATHOLIC DIOCESAN TRUSTEE | £75.1m | — | — | below | — | no doubt |
| CATHOLIC TRUST FOR ENGLAND AND WALES | £10.9m | — | — | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIATICAL PARISH OF ALL SAINTS, MARGARET STREET, LONDON W1 | £516k | — | 0 | unclear | — | no doubt |