David and Jeannie Chambers Charity for Mitcham Lane Baptist Church Charitable Incorporated Organisation
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves were £8,428 at year-end, meeting the trustees' stated policy target of a minimum cash reserve of £5,000. The charity reported a net increase in cash of £1,160 for the year, with total assets comprising £36,392 in cash and £260,884 in investment funds. The trustees confirmed that the reserves policy target was met and no material uncertainties affecting going concern were identified.
What the accounts disclose
“As the charity has no ongoing commitments, other than the fees required to service its capital funds, the trustees have determined that a minimum cash reserve of £5,000 is required in order to ensure that there is no detriment to the original capital. As at 31 December 2024, this target was met.” — page 4
“The charity paid grants totalling £3,632 (2023: £nil) to Mitcham Lane Baptist Church CIO (charity number 1161743), of which Francesca Collis and Rev. Philip Stone were also trustees. These grants were in line with the charity's objects and its governing document.” — page 9
Trustees
- Francesca Collis
- Hannah Katharine Roberts
- Marilyn Bartimeus
- Rev Philip Stone
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £154k | £153k |
| 31/12/2023 | £140k | £105k |
Common questions
Is David and Jeannie Chambers Charity for Mitcham Lane Baptist Church Charitable Incorporated Organisation financially healthy?
The accounts state that unrestricted reserves were £8,428 at year-end, meeting the trustees' stated policy target of a minimum cash reserve of £5,000. The charity reported a net increase in cash of £1,160 for the year, with total assets comprising £36,392 in cash and £260,884 in investment funds. The trustees confirmed that the reserves policy target was met and no material uncertainties affecting going concern were identified. Its FY2024 accounts were independently examined.