FINANCE for CROFTON OLD CHURCH
All monies raised by FRIENDS of Crofton Old Church form part of the Crofton Parish Finances but are deemed by the Charity Commissioners to be restricted funds to be used in looking after St Edmund's. Under the Charity Commissioners rules, all funds held for a restricted purpose can only be used for that specific purpose.
Since COCA was first formed in 1981 up to the end of 2001 a total of £161,938 had been raised (£26,891 by Grants and £135,047 by fund raising functions). Of this amount £106,027 has been spent on the Church with £43,150 being held in Bank Accounts awaiting major expenditure on the roof in 2002/2003.
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