HAMPSTEAD GARDEN SUBURB FREE CHURCH
Financial health, per its FY2022 accounts
The accounts state that the charity achieved a surplus on general activities of £16,300 for the year ended 31 December 2022, driven by increased revenue from hall lettings which offset a decline in unrestricted donations. Per the trustees' report, unrestricted cash funds increased from £54,000 to £70,000, while investment values fell by £36,000. The charity maintains a reserves policy target of nine months' unrestricted operating expenditure, estimated at £122,000.
What the accounts disclose
“The Church’s policy is to maintain a balance on unrestricted reserves of at least nine months’ unrestricted operating expenditure (say £122,000) to cover emergencies.” — page 3
“During the year we made a one off payment of £15,000 to the Baptist Pension Scheme, as our share of the losses the Scheme had incurred over the years.” — page 3
Trustees
- Aled David Jones
- Arjun Yohanan Matthai
- Josephine Morris
- Julia Alison Fryer
- LORNA ISOBEL PAGE
- Mary Stacy
- Richard Henry Orme
- Wilfred Joseph Devlin Fryer
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £329k | £322k |
| 31/12/2024 | £259k | £185k |
| 31/12/2023 | £188k | £306k |
| 31/12/2022 | £179k | £162k |
| 31/12/2021 | £161k | £143k |
Common questions
Is HAMPSTEAD GARDEN SUBURB FREE CHURCH financially healthy?
The accounts state that the charity achieved a surplus on general activities of £16,300 for the year ended 31 December 2022, driven by increased revenue from hall lettings which offset a decline in unrestricted donations. Per the trustees' report, unrestricted cash funds increased from £54,000 to £70,000, while investment values fell by £36,000. The charity maintains a reserves policy target of nine months' unrestricted operating expenditure, estimated at £122,000. Its FY2022 accounts were independently examined.