SALEM BAPTIST CHAPEL, RICHMOND
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.
Objects
1) THE TRUSTEE SHALL APPLY THE CLEAR INCOME OF THE CHARITY IN THE FIRST PLACE AS FAR AS REQUISITE IN OR TOWARDS THE UPKEEP AND REPAIR OF THE STRICT BAPTIST CHAPEL AND ANCILLARY BUILDING THERETO AT WINDSOR ROAD IN THE LONDON BOROUGH OF RICHMOND UPON THAMES AND THE MAINTENANCE OF THE SERVICES IN THE SAID CHAPEL:2) SUBJECT, THERETO, FOR FURTHERING THE RELIGIOUS AND OTHER CHARITABLE WORK OF THE METROPOLITAN ASSOCIATION OF STRICT BAPTIST CHURCHES ELSEWHERE IN GREATER LONDON AND THE COUNTIES OF SURREY, BUCKINGHAMSHIRE AND HERTFORDSHIRE.
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.
What the accounts disclose
“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
Policies the charity declares
- Complaints handling
- Conflicting interests
- Investment
- Risk management
Structured financials (annual return, FY ending 31/12/2023)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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.