Charity Accounts Intelreading the accounts so you don’t have to

SOCIETY OF FRIENDS OF WESTMINSTER CATHEDRAL

Registered charity 272899 · accounts filings on the Charity Commission register · also known as FRIENDS OF WESTMINSTER CATHEDRAL

Latest income
£202k
Latest spending
£119k
Registered
1977
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity generated a net increase in funds of £82,593 for the year, with unrestricted reserves standing at £53,606. The trustees report that this level of reserves represents 32 months of administrative expenditure, which is above their stated policy target of maintaining more than 12 months of expenditure. The charity confirms it is a going concern with all definite funding commitments covered by designated and restricted funds.

What the accounts disclose

Reserves policy: more than 12 months of administrative expenditure (held: £54k)
“In order to continue to meet the running costs of the Society the trustees have set a policy of maintaining the accumulated fund at more than 12 months of administrative expenditure.” — page 5
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Trustees purchased event tickets on the same basis as other members.
“The members of the Council, who are trustees of the charity, are related parties. The members of the council have all attended Friends events during the year. They have purchased tickets on the same basis as other members of the Friends.” — page 16
Per its FY2024 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

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

Operates in: City Of Westminster

Income and spending

Financial year endIncomeSpending
31/12/2024£202k£119k
31/12/2023£119k£389k
31/12/2022£94k£37k
31/12/2021£270k£67k
31/12/2020£111k£142k

Common questions

Is SOCIETY OF FRIENDS OF WESTMINSTER CATHEDRAL financially healthy?

The accounts state that the charity generated a net increase in funds of £82,593 for the year, with unrestricted reserves standing at £53,606. The trustees report that this level of reserves represents 32 months of administrative expenditure, which is above their stated policy target of maintaining more than 12 months of expenditure. The charity confirms it is a going concern with all definite funding commitments covered by designated and restricted funds. Its FY2024 accounts were independently examined.

Funders of similar charities

Funders whose accounts show grants to charities similar to this one (and no recorded grant to this charity) — a starting list for fundraisers.

FunderSimilar charities fundedAmount to them
HOLLYHOCK CHARITABLE FOUNDATION1£75k
CATHOLIC TRUST FOR ENGLAND AND WALES1£35k
THE UNION OF THE SISTERS OF MERCY OF GREAT BRITAIN1£24k
THE MCCORQUODALE CHARITABLE TRUST1£5k
THE DYERS' COMPANY CHARITABLE TRUST1£1k
SIR JEREMIAH COLMAN GIFT TRUST1£1k
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF PARKSTONE SAINT PETER AND SAINT OSMUND WITH BRANKSEA SAINT MARY1£50

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with THE ASSOCIATION OF THE FRIENDS OF SALISBURY CATHEDRAL.