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.

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.

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

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.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

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 7.1 months; benchmarks).

Per its annual return, cost of raising funds: 1.7% of total income — below the median for charities its size (3.0%) (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.