Lambeth Walk Methodist Church
Support to the local community through use of premises by various groups from inside and outside the church community itself.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit for the year, with income of £588,427 against expenditure of £98,780, attributed to expenses associated with inhabiting a new building. The trustees consider the financial position to be stable and expect improvement as rental income from the building increases. The charity maintains a reserves policy to hold at least six months of running costs.
What the accounts disclose
“we have a reserves policy in which we agree to hold at least 6 months running costs in reserve should we be in a position of temporarily losing income.” — page 2
Trustees
- ALICE ACHOLA
- CAROL LEONARD M.B.E
- David Vilares Ferrer
- Doreender Osei
- George Danso
- Janet Wells
- Jedidiah Gbadebo
- KANLEY MCHAYLE
- Michael Brown
- Nancy Acquaah
- Rev Suzanne Shortman
- Rodney Ovenden
- URSULA JEAN OVENDEN B ED
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £58k | £99k |
| 31/08/2024 | £155k | £75k |
| 31/08/2023 | £111k | £20k |
| 31/08/2022 | £26k | £92k |
| 31/08/2021 | £26k | £92k |
Common questions
Is Lambeth Walk Methodist Church financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit for the year, with income of £588,427 against expenditure of £98,780, attributed to expenses associated with inhabiting a new building. The trustees consider the financial position to be stable and expect improvement as rental income from the building increases. The charity maintains a reserves policy to hold at least six months of running costs.