DR EDWARDS AND BISHOP KING'S FULHAM CHARITY
Financial health, per its FY2022 accounts
The accounts state that total reserves stood at £9,563,459, with unrestricted free reserves of £711,132. This unrestricted balance is explicitly described as being 'in line with the policy above', which targets a reserve of £700,000 to cover approximately eighteen months' expenditure. The charity reported a net income increase to £459,736 and significant investment gains of £618,866, indicating strong financial stability.
What the accounts disclose
“United in Hammersmith & Fulham were awarded £21,000 (2021 – £5,000) where Susan O’Neil and Helen Fagan are Trustees, although neither were involved in the decision making to award this grant.” — page 38
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Edward Townsend
- Genevieve Akunnaya Nwaogbe
- Iain Graeme Cassidy
- John Shuffrey
- Patricia Lakareber
- Rev Peter David Dobson
- Richard Anthony Rawlinson
- Richard Charles Brunwin
- Robert Fryer
- Said Mohamud
- Sam Kelly
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £186k | £440k |
| 31/03/2024 | £533k | £481k |
| 31/03/2023 | £511k | £383k |
| 31/03/2022 | £460k | £452k |
| 31/03/2021 | £399k | £440k |
Common questions
Is DR EDWARDS AND BISHOP KING'S FULHAM CHARITY financially healthy?
The accounts state that total reserves stood at £9,563,459, with unrestricted free reserves of £711,132. This unrestricted balance is explicitly described as being 'in line with the policy above', which targets a reserve of £700,000 to cover approximately eighteen months' expenditure. The charity reported a net income increase to £459,736 and significant investment gains of £618,866, indicating strong financial stability. Its FY2022 accounts were audited by Buzzacott LLP.