LAMBETH CIRCUIT METHODIST CHURCH
Financial health, per its FY2023 accounts
The accounts state that the charity recorded a surplus of £367,885 for the year ended 31 August 2023, resulting in unrestricted reserves of £11,323,105. The trustees report that these reserves are significantly in excess of their stated policy target of six months' expenditure (£435,000), and they consider the going concern basis appropriate. The charity holds substantial fixed assets valued at £8,970,000, with net liquid reserves of £2,353,105 available for general running.
What the accounts disclose
Structured financials (annual return, FY ending 31/08/2024)
Register events
- Received assets from another charity (05/08/2022)
- Received assets from another charity (20/06/2022)
Trustees
- ALICE ACHOLA OMARA
- Afolake Elizabeth Oyeledun
- DANIEL SACKEY
- Jacob Arkaah
- KOJO AMOAH-ARKO
- Nancy Acquaah
- ROBERT SMYTH
- Rev Paulo Bessa da Silva
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/08/2025 | £490k | £1.1m |
| 31/08/2024 | £512k | £787k |
| 31/08/2023 | £1.2m | £870k |
| 31/08/2022 | £395k | £656k |
| 31/08/2021 | £2.9m | £1.7m |
Common questions
Is LAMBETH CIRCUIT METHODIST CHURCH financially healthy?
The accounts state that the charity recorded a surplus of £367,885 for the year ended 31 August 2023, resulting in unrestricted reserves of £11,323,105. The trustees report that these reserves are significantly in excess of their stated policy target of six months' expenditure (£435,000), and they consider the going concern basis appropriate. The charity holds substantial fixed assets valued at £8,970,000, with net liquid reserves of £2,353,105 available for general running. Its FY2023 accounts were audited by Adomako Basoah & Co.
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