THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (GREAT BRITAIN)
Financial health, per its FY2024 accounts
The accounts state that total charity funds held at year-end were £239,284,000, with incoming resources increasing to £86,677,000 from £65,458,000 in the prior year. The trustees note that free reserves are negative at £4,313,000 due to active cash management policies, but confirm that the Charity is a going concern with assured future financial support from its parent company.
What the accounts disclose
“The target level of free reserves, established by the trustees, is a maximum of £2,000,000 being the equivalent of 12 months average net charitable expenditure.” — page 13
“The trustee, David Robertson, serving during the year ended 31 December 2024 received remuneration in the form of expatriate benefits from the Charity totalling £68,723 (2023: £79,703).” — page 35
“Donations from related parties increased to £42,012,000 (2023: £23,667,000) comprising funding from CHC provided for general working capital needs.” — page 13
“During the year a further £1,200,000 was advanced to OHL to increase the unsecured loan facility to £16.2m (2023: £15.0m) granted by the Charity to OHL to fund OHL's operations.” — page 39
“Donations from related parties increased to £42,012,000 (2023: £23,667,000) comprising funding from CHC provided for general working capital needs.” — page 13
“During the year a further £1,200,000 was advanced to OHL to increase the unsecured loan facility to £16.2m (2023: £15.0m) granted by the Charity to OHL to fund OHL's operations.” — page 39
“Defined benefit liability recognised in balance sheet 6,233” — page 41
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (17/10/2012)
Trustees
- Christian Ottiker
- David Robertson
- Paul Hansen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £87.8m | £85.3m |
| 31/12/2023 | £66.2m | £71.1m |
| 31/12/2022 | £51.4m | £54.5m |
| 31/12/2021 | £49.8m | £51.7m |
| 31/12/2020 | £38.1m | £48.7m |
Common questions
Is THE CHURCH OF JESUS CHRIST OF LATTER-DAY SAINTS (GREAT BRITAIN) financially healthy?
The accounts state that total charity funds held at year-end were £239,284,000, with incoming resources increasing to £86,677,000 from £65,458,000 in the prior year. The trustees note that free reserves are negative at £4,313,000 due to active cash management policies, but confirm that the Charity is a going concern with assured future financial support from its parent company. Its FY2024 accounts were audited by Kreston Reeves LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| NEW COMMUNITY CHURCH S.E. LONDON | 1 | £152k |