Charity Accounts Intelreading the accounts so you don’t have to

TRUST PROPERTY HELD IN CONNECTION WITH THE LONDON SPIRITUAL MISSION

Registered charity 1152206 · accounts filings on the Charity Commission register

Property owned by the Tust is let by the Trust to raise funds.The Trust maintains the land and buildings comprising the property.The Trust allows the occupation and use of parts of the Trust property by The London Spiritual Mission for the pursuit of its spiritualist purposes.The Trust provides income to The London Spiritual Mission for the pursuit of its spiritualist purposes.

Causes: Religious Activities · Get email alerts

Latest income
£27k
Latest spending
£28k
Registered
2013
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity has minimal cash reserves and has been unable to build up reserves due to unauthorized works and overspending by a trustee. The trustees report that the property repair program was suspended due to a lack of sufficient funds, and the charity relies on limited rental income to fund its expenses.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Rental Paula Bader Rent (42% of income)
“Rental Paula Bader Rent” — page 1
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £2k)
“Due to the unauthorised works to flat 2 and over spend on flat 3, 13a Pembridge Place by Christopher Norris, the trustees have been unable have therefore been unable to build up cash reserves having been left with minimal rental income.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Trustees Christopher Norris and Doreen Quinnell occupied the church house at 13 Pembridge Place under license from the Trust from November 2017 until October 2022.
“Trustees Christopher Norris and Doreen Quinnell occupied the church house at 13 Pembridge Place from November 2017 until October 2022 under license from the Trust.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees Christopher Norris and Doreen Quinnell occupied the church house at 13 Pembridge Place under license from the Trust.
“Trustees Christopher Norris and Doreen Quinnell occupied the church house at 13 Pembridge Place from November 2017 until October 2022 under license from the Trust.” — page 3
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Trustees failed to submit financial returns for 2020, 2021, and 2022 by statutory deadlines.
“not being provided with financial information concerning the charity expenditure and therefore not being able to agree the submission of the financial returns/accounts for 31st December 2020, 31st December 2021 and 31st December 2022 by the statutory deadlines.”
“the proposed attempted to a Conflicts of Interest Policy they sought to introduce has still not been brought into effect.”
Per its FY2024 accounts as filed with the Charity Commission.
Governance: Proposed Conflicts of Interest Policy has not been brought into effect.
“not being provided with financial information concerning the charity expenditure and therefore not being able to agree the submission of the financial returns/accounts for 31st December 2020, 31st December 2021 and 31st December 2022 by the statutory deadlines.”
“the proposed attempted to a Conflicts of Interest Policy they sought to introduce has still not been brought into effect.”
Per its FY2024 accounts as filed with the Charity Commission.
Trading subsidiary: London Spiritual Mission Limited
“The LSM Association was purportedly dissolved in 2023 and its activities taken over by a limited company the London Spiritual Mission Limited.”
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 2 of 6 completeness components.

Charity Commission inquiry

The report states the inquiry is ongoing and has not yet reached a final outcome or concluded findings. Therefore, outcome_summary is null, and no definitive 'findings' of misconduct have been established yet, only concerns raised. However, the prompt asks for up to 4 key findings with quotes. I will extract the specific regulatory concerns identified by the regulator as the 'findings' of the initial engagement/inquiry opening.
“The regulator’s engagement with the charity uncovered several regulatory concerns including a lack of financial controls, failing to identify or manage conflicts of interest and paying connected parties for renovation services.”
Quote regarding decision-making compliance.
“The Charity Commission is investigating the charity’s trustees’ compliance with the Commission’s decision-making guidance , having identified that significant decisions relating to property renovations may have been made by one trustee without full consultation of the trustee board.”
Quote regarding financial controls and risk.
“Through its engagement, the regulator discovered that the charity does not hold a financial controls policy. The inquiry will examine this as a lack of sufficient financial controls is potentially putting the charity’s funds at risk.”
Per the Commission’s published report. Summary is automated; the official report is authoritative.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kensington And Chelsea

Income and spending

Financial year endIncomeSpending
31/12/2024£27k£28k
31/12/2023£24k£25k
31/12/2022£11k£9k
31/12/2021£12k£21k
31/12/2020£25k£152k

Common questions

Is TRUST PROPERTY HELD IN CONNECTION WITH THE LONDON SPIRITUAL MISSION financially healthy?

Per its FY2024 accounts: The accounts state that the charity has minimal cash reserves and has been unable to build up reserves due to unauthorized works and overspending by a trustee. The trustees report that the property repair program was suspended due to a lack of sufficient funds, and the charity relies on limited rental income to fund its expenses. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
THE STUART HINE TRUST CIO1£12k
UNENDING LIGHT1£11k
THE SHAFTESBURY CHRISTIAN TRUST1£7k

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with BIBLE TEXT PUBLICITY MISSION.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
TRUST PROPERTY HELD IN CONNECTION WITH THE LONDON SPIRITUAL MISSION£27k—0below—no doubt
BIBLE TEXT PUBLICITY MISSION FY2025£106k—0unclear—no doubt
SPIRITUALISTS' NATIONAL UNION TRUST FY2025£598kmore than £60,0001unclear12.4%no doubt
CONGREGATION OF THE MISSION (THE VINCENTIAN FATHERS) FY2024£323k—0unclear—no doubt
THE CO-MISSION CHURCHES TRUST FY2025£3.9m—0above—no doubt
LONDON SIVAN KOVIL TRUST FY2024£835k—0below—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.