ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED CHARITY
Financial health, per its FY2021 accounts
The accounts state that unrestricted reserves stood at £538,121, significantly exceeding the stated policy target of approximately £54,000. The charity reported a net deficit of £100,023 for the year, primarily due to a £232,000 revaluation loss on its investment property, though total income remained stable at £187,611. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The Trustee has agreed that the charity should aim to hold reserves equivalent to at least six months core running costs for the charity, (including the almshouses and the individual grants budget), so approximately £54,000.” — page 11
Trustees
- ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED TRUSTEE LIMITED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £177k | £286k |
| 31/12/2023 | £164k | £209k |
| 31/12/2022 | £165k | £186k |
| 31/12/2021 | £188k | £156k |
| 31/12/2020 | £186k | £213k |
Common questions
Is ST GILES-IN-THE-FIELDS AND BLOOMSBURY UNITED CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £538,121, significantly exceeding the stated policy target of approximately £54,000. The charity reported a net deficit of £100,023 for the year, primarily due to a £232,000 revaluation loss on its investment property, though total income remained stable at £187,611. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2021 accounts were independently examined.