Downing Place United Reformed Church, Cambridge, General Funds Charity
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net reduction in funds of £116,427 for the year, driven by a significant drop in income from York Street and investment returns, despite higher donations. The trustees consider the going concern basis appropriate, citing that existing and anticipated reserve levels are sufficient to meet financial obligations for the next 18 months.
What the accounts disclose
“Lewis Gibson Limited is a related party of the Church, by virtue of the beneficial holding of 66.67% in that company. Transactions between the Church and Lewis Gibson Limited are disclosed in note 5 to the accounts.” — page 21
“The investment in shares in Lewis Gibson Limited represents an interest of 66.67% in that company. The principal activity of Lewis Gibson Limited is the letting of Lewis Gibson House as a doctor's surgery.” — page 19
Structured financials (annual return, FY ending 31/12/2022)
Register events
- Received assets from another charity (25/10/2019)
- Received assets from another charity (14/05/2019)
Trustees
- Alison Esther Binney
- David Derek Bush
- Dr ALAN JAMES ROBERTSON RICKARD
- Dr CHARLES CHRISTOPHER AUGUR PEARCE
- Dr Elizabeth Cornelia De Bruin-Lara
- Dr Robert Connon Smith
- Dr William Owen Saxton
- George William Adams Devine
- Hazel Joy Sanderson
- Helen Elizabeth Bell
- Ian Chilles Strachan
- JANE BOWER
- PHILIPPA MILLINGTON JONES
- STEPHEN THORNTON CBE
- Sonya Clare Sireau
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £426k | £600k |
| 31/12/2023 | £450k | £588k |
| 31/12/2022 | £676k | £521k |
| 31/12/2021 | £440k | £406k |
| 31/12/2020 | £456k | £352k |
Common questions
Is Downing Place United Reformed Church, Cambridge, General Funds Charity financially healthy?
The accounts state that the charity incurred a net reduction in funds of £116,427 for the year, driven by a significant drop in income from York Street and investment returns, despite higher donations. The trustees consider the going concern basis appropriate, citing that existing and anticipated reserve levels are sufficient to meet financial obligations for the next 18 months. Its FY2024 accounts were independently examined.
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