DUKE STREET CHURCH (RICHMOND-UPON-THAMES)
Financial health, per its FY2022 accounts
The accounts state that the charity reported net assets of £6.6 million, comprising primarily fixed assets of £7.6 million and cash balances of £0.11 million. The trustees note that the church is financially dependent on members and friends, with total income of £0.65 million in 2022, and that operating cash reserves were temporarily below the stated policy target due to a decision to delay mortgage drawdowns.
What the accounts disclose
“It is the Church's policy to maintain Operating Cash Reserves of between three and six months of annual expenditure.” — page 5
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Barbara Elizabeth McLeish
- Charles Bateman
- Deirdre Jill Beckett
- Ivan Stanley Baird
- James Muldoon
- John Frederick Taylor
- Jonathan Borsley
- Laurie Hunter
- Paul John CHAMBERS
- Steve Richard Pryor
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £722k | £896k |
| 31/12/2023 | £676k | £860k |
| 31/12/2022 | £749k | £742k |
| 31/12/2021 | £1.0m | £1.1m |
| 31/12/2020 | £1.2m | £606k |
Common questions
Is DUKE STREET CHURCH (RICHMOND-UPON-THAMES) financially healthy?
The accounts state that the charity reported net assets of £6.6 million, comprising primarily fixed assets of £7.6 million and cash balances of £0.11 million. The trustees note that the church is financially dependent on members and friends, with total income of £0.65 million in 2022, and that operating cash reserves were temporarily below the stated policy target due to a decision to delay mortgage drawdowns. Its FY2022 accounts were audited by Jacob Cavenagh & Skeet.