WILLIAM GIBBS RELIGIOUS AND EDUCATIONAL TRUST
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net income of £203,187 from unrestricted funds, primarily derived from property rents. However, a significant unrealised loss on property revaluation of £330,658 resulted in a net movement in funds of -£127,471, reducing total unrestricted reserves to £7,018,875. The trustees confirm that current reserves and budgeted income are sufficient to continue as a going concern.
What the accounts disclose
“The Trustees aim to build this up to £100,000”
“The amount paid to St John's, Hyde Park in relation to such services was £12,000 during the year to 31 December 2024. Grants totalling of £60,000 were made in the year to St John's, Hyde Park.”
Trustees
- Rev Stephen Masonchair
- Bryan Stephens
- Gaynor Scruton
- Neville David
- Rev Margaret Legg
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £389k | £186k |
| 31/12/2023 | £382k | £207k |
| 31/12/2022 | £328k | £161k |
| 31/12/2021 | £323k | £149k |
| 31/12/2020 | £330k | £183k |
Common questions
Is WILLIAM GIBBS RELIGIOUS AND EDUCATIONAL TRUST financially healthy?
The accounts state that the charity generated a net income of £203,187 from unrestricted funds, primarily derived from property rents. However, a significant unrealised loss on property revaluation of £330,658 resulted in a net movement in funds of -£127,471, reducing total unrestricted reserves to £7,018,875. The trustees confirm that current reserves and budgeted income are sufficient to continue as a going concern. Its FY2024 accounts were audited by TC Group.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| MATER ECCLESIAE CIO | 1 | £50k |