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SALEM BAPTIST CHAPEL, RICHMOND

Registered charity 1201410 · accounts filings on the Charity Commission register

To further the religious and other charitable work of the Association of grace Baptist Churches (South East) elsewhere in Greater London and in the Counties of Surrey, Buckinghamshire and Hertfordshire.

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£172k
Latest spending
£172k
Registered
2022
Accounts read
FY2023

Financial health, per its FY2023 accounts

The accounts state that the charity holds total reserves of £5,180,229, comprising £5,100,365 in an endowment fund and £79,864 in unrestricted free reserves. The trustees report that the free reserves are above their stated policy target of approximately £25,000 (six months of unrestricted expenditure). The charity did not employ any staff during the year and was administered by a corporate trustee.

Automated summary of the FY2023 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Reserves policy: approximately six months” unrestricted expenditure which is about £25,000 (held: £80k)
“It is the policy of the charity to maintain unrestricted funds, which are free reserves of the charity, at a level that equates to approximately six months” unrestricted expenditure which is about £25,000.” — page 3
Per its FY2023 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2023)

Total income
£1.3m
Total spending
£170k
Cost of raising funds
£23k
Reserves (reported)
£80k
Employees
0

Reported reserves equal ~5.6 months of spending — below the median for charities its size (median 7.0 months; benchmarks).

Trustees · trustee networks

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

Operates in: Buckinghamshire · Hertfordshire · Surrey · Throughout London

Income and spending

Financial year endIncomeSpending
31/12/2024£172k£172k
31/12/2023£1.3m£170k

Common questions

Is SALEM BAPTIST CHAPEL, RICHMOND financially healthy?

Per its FY2023 accounts: The accounts state that the charity holds total reserves of £5,180,229, comprising £5,100,365 in an endowment fund and £79,864 in unrestricted free reserves. The trustees report that the free reserves are above their stated policy target of approximately £25,000 (six months of unrestricted expenditure). The charity did not employ any staff during the year and was administered by a corporate trustee. Its FY2023 accounts were independently examined.