WESTMINSTER AMALGAMATED CHARITY
Latest income
£260k
Latest spending
£244k
Registered
2017
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £691,428, which is below the Trustees' stated policy target of maintaining a balance between £900,000 and £1.1 million to ensure continuity of objectives. The charity reported a net movement in funds of £389,419, driven by investment gains, while total expenditure exceeded investment income.
What the accounts disclose
Reserves policy: between £900K and £1.1M (held: £691k)
“Generally, dividend and capital growth have kept pace with grant expenditure which has resulted in the Reserve Grants Fund settling at a balance of between £900K and £1.1M on an annual basis.”
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- Christopher Hooley
- Geraldine Elliott
- JENNIFER BIANCO DL
- LINDA E MCHUGH
- MAX YOUNG
- Matthew Keane
- SIMON CARRUTH
- Toby Jameson-Till
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £260k | £244k |
| 31/12/2023 | £222k | £252k |
| 31/12/2022 | £221k | £273k |
| 31/12/2021 | £218k | £333k |
| 31/12/2020 | £325k | £368k |
Common questions
Is WESTMINSTER AMALGAMATED CHARITY financially healthy?
The accounts state that unrestricted reserves stood at £691,428, which is below the Trustees' stated policy target of maintaining a balance between £900,000 and £1.1 million to ensure continuity of objectives. The charity reported a net movement in funds of £389,419, driven by investment gains, while total expenditure exceeded investment income. Its FY2023 accounts were audited by Shipleys LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HOLLYHOCK CHARITABLE FOUNDATION | 1 | £75k |
| CATHOLIC TRUST FOR ENGLAND AND WALES | 1 | £35k |
| THE UNION OF THE SISTERS OF MERCY OF GREAT BRITAIN | 1 | £24k |
| THE BLAKEY FOUNDATION | 1 | £10k |
| CORAM LIFE EDUCATION | 1 | £2k |
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