WESTMINSTER COLLEGE CAMBRIDGE
Theological College and Resource Centre for Learning
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £306,720 for the year ended 31 December 2024, driven by increased staffing costs and expenditure on charitable activities. While total unrestricted income funds stood at £5,127,472, unrestricted liquid funds were significantly lower at £177,981, with the majority of funds held in fixed college assets. The trustees confirmed the charity is a going concern, citing a £395,000 loan from the United Reformed Church Trust and expected reductions in future deficits.
What the accounts disclose
“Activities for raising funds 1,151,578” — page 7
“Unrestricted liquid funds totalled £177,981 (2023: £17,661). The Trustees hope to return to a regular balanced budget in the short to medium term which will allow the College to build up free reserves equivalent to 3 months income (i.e. around £300k).” — page 8
“During the year the United Reformed Church Trust paid £360k (2023: £360k) to Westminster College as a contribution to the teaching costs of the College and the College’s membership of the Federation.” — page 26
“Westminster College Trading Limited, a wholly owned subsidiary company of Westminster College, was registered on 22 January 2014 primarily to carry out the conferencing and accommodation business of Westminster.” — page 4
Leadership, per the charity’s website
- Revd Dr Peter McEnhill — Principal
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (06/04/2022)
Trustees
- Darnette Carol Whitby-Reid
- Rev Jennifer Noelle Mills-Knutsen
- Rev Naomi Elisabeth Young-Rodas
- Rev Ryan Paul Sirmons
- William Mackenzie McVey
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £2.4m | £2.8m |
| 31/12/2023 | £1.8m | £2.0m |
| 31/12/2022 | £1.6m | £1.7m |
| 31/12/2021 | £1.4m | £1.4m |
| 31/12/2020 | £1.5m | £1.8m |
Common questions
Is WESTMINSTER COLLEGE CAMBRIDGE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net loss of £306,720 for the year ended 31 December 2024, driven by increased staffing costs and expenditure on charitable activities. While total unrestricted income funds stood at £5,127,472, unrestricted liquid funds were significantly lower at £177,981, with the majority of funds held in fixed college assets. The trustees confirmed the charity is a going concern, citing a £395,000 loan from the United Reformed Church Trust and expected reductions in future deficits. Its FY2024 accounts were audited by Moore Kingston Smith LLP.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE JULIA RAUSING TRUST | 1 | £1.0m |
| THE JOHN R. MURRAY CHARITABLE TRUST | 1 | £30k |
| THE KIRBY LAING FOUNDATION | 1 | £25k |
| THE MCCORQUODALE CHARITABLE TRUST | 1 | £25k |
| THE STEVENSON FAMILY'S CHARITABLE TRUST | 1 | £23k |
| THE HOBSON CHARITY LIMITED | 1 | £20k |
| THE FINNIS SCOTT FOUNDATION | 1 | £8k |
| The Patricia Routledge Foundation | 1 | £5k |
Charities like this
- WESTMINSTER COLLEGE TRUST, OXFORD
- WESTMINSTER THEOLOGICAL CENTRE
- WESTMINSTER FUND
- KING'S CHURCH CAMBRIDGE
- THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID CAMBRIDGE
- THE WESTMINSTER ABBEY TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WESTMINSTER COLLEGE CAMBRIDGE | £2.4m | — | 0 | below | — | no doubt |
| WESTMINSTER COLLEGE TRUST, OXFORD | £645k | — | 0 | above | — | no doubt |
| WESTMINSTER THEOLOGICAL CENTRE | £1.3m | — | 0 | below | — | no doubt |
| WESTMINSTER FUND | £23.8m | — | 0 | unclear | — | no doubt |
| KING'S CHURCH CAMBRIDGE | £162k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID CAMBRIDGE | £279k | — | 0 | unclear | — | no doubt |