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UNION CHAPEL

Registered charity 1172808 · accounts filings on the Charity Commission register

Latest income
£237k
Latest spending
£290k
Registered
2017
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that Union Chapel reported a total surplus of £77,698 for the year, driven largely by exceptional dilapidations payments of £78,911 from departing tenants. However, the underlying unrestricted position shows a deficit, and the trustees warn that expected costs of up to £150,000 will significantly deplete reserves, leaving the charity with less capacity to sustain ongoing budget deficits.

What the accounts disclose

Payments to trustees: One trustee was paid £300 total (£100 x 3) for singing services.
“One trustee was paid on three separate occasions for singing during a church event or service. The fee in each case was £100.” — page 23
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UCP paid rent for office space.
“UCP paid rent of £16,000 to UC for office space in UC's property at 19 Compton Terrace.” — page 29
“UC received £5,159 from UCP under this arrangement.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UCP passed net bar profits to UC.
“UCP paid rent of £16,000 to UC for office space in UC's property at 19 Compton Terrace.” — page 29
“UC received £5,159 from UCP under this arrangement.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UC made a donation to UCP.
“UCP paid rent of £16,000 to UC for office space in UC's property at 19 Compton Terrace.” — page 29
“UC received £5,159 from UCP under this arrangement.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UC paid UCM for grant-funded activities.
“UCP paid rent of £16,000 to UC for office space in UC's property at 19 Compton Terrace.” — page 29
“UC received £5,159 from UCP under this arrangement.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: UC paid UCM for catering.
“UCP paid rent of £16,000 to UC for office space in UC's property at 19 Compton Terrace.” — page 29
“UC received £5,159 from UCP under this arrangement.” — page 29
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: Islington

Income and spending

Financial year endIncomeSpending
31/03/2025£237k£290k
31/03/2024£388k£311k
31/03/2023£248k£203k
31/03/2022£166k£143k
31/03/2021£167k£123k

Common questions

Is UNION CHAPEL financially healthy?

The accounts state that Union Chapel reported a total surplus of £77,698 for the year, driven largely by exceptional dilapidations payments of £78,911 from departing tenants. However, the underlying unrestricted position shows a deficit, and the trustees warn that expected costs of up to £150,000 will significantly deplete reserves, leaving the charity with less capacity to sustain ongoing budget deficits. Its FY2024 accounts were independently examined.

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