Finance Score: 1

Governance Score: 5

Support Score: 0

Liabilities <10%: +3
Excess reserves: -5
Strong growth: +2
Multiple Deficits: -2
Fundraising costs low: +3

No conflicts policy: -1
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 6

WESLEY HOUSE, CAMBRIDGE

Wesley House is a theological college for Methodist students in Cambridge and a member of the Cambridge Theological Federation. It has redeveloped itself as a postgraduate college with an international focus which offers a place for students to live, pray and study together in a Wesleyan community of theological thinkers and practitioners.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There has been strong growth in spending over the last 5 years
Fundraising costs are unusually low relative to funds raised
The Board appears to be well diversified in terms of gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

This charity does not have a Conflict of Interests policy

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £10,717,070 available, equivalent to 114 months of spending and so may not be able to utilise additional funding
On several occasions in recent years income has been less than spending

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E	Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/22	£956	£1,128	£-172	£14	£11,234	£10,717	114	13	0
31/08/21	£1,136	£824	£313	£5	£11,406	£10,796	157.3	6	0
31/08/20	£1,218	£768	£449	£0	£11,093	£10,651	166.3	6	0
31/08/19	£553	£802	£-249	£0	£10,644	£10,349	154.9	6	5
31/08/18	£444	£613	£-169	£0	£0	£0	n/a	0	1
31/08/17	£434	£599	£-165	£0	£0	£0	n/a	0	0
31/08/16	£878	£611	£267	£0	£11,225	£10,736	210.8	6	0
31/08/15	£9,927	£221	£9,706	£11	£9,706	£9,699	527.4	3	0

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Financial Ratios

Fundraising Costs/Relevant Income: 1.6%
Fundraising Costs/Total Spending: 1.2%
Senior Staff Costs/Total Spending: 7%
Highest pay band: £60,000-£70,000
Liabilities/Assets: 3%
Liabilities/Income: 36%
Unrestricted Funds/Total Funds: 95%
Reserves/Spending: 114 months
Net Current Assets/Spending: 11 months
Quick Ratio: 10.9

Asset Split ?

Established: 10 years

www.wesley.cam.ac.uk

aio22@cam.ac.uk

01223765850

Charity Commission for England and Wales

Tweets

Listed activities

Education/Training
Religious Activities

GiG Classification

Colleges and universities

How it operates

Provides services

Where it operates

Kenya, Throughout England, United States, Zimbabwe,

Who it helps

The General Public/Mankind

Who works here?

13 employees

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (12)

Current Trustees appointed

Gender Split

Age Range of Trustees: 56-79

BISHOP KENNETH HARPER CARTER JR Appointed: 2023

CHRISTOPHER DAVID ROLES Appointed: 2023, Occupation: Retired

REV ROSE WESTWOOD Appointed: 2022, Occupation: Methodist Minister

BALA GNANAPRAGASAM Appointed: 2019, Occupation: Retired Telecom Engineer, Other trusteeship: Methodist Conference Property at Central Hall Westminster,

ELIZABETH HELEN OVEY Appointed: 2014, Occupation: Barrister, Other trusteeships: WESLEY COLLEGE, CAMBRIDGE, THE METHODIST CHURCH IN GREAT BRITAIN,

JANET ARTHUR Appointed: 2019, Occupation: Hr Director / Consultant, Other trusteeships: THE METHODIST CHURCH IN GREAT BRITAIN, LONDON MISSION (NORTH-WEST) METHODIST CIRCUIT,

PROFESSOR NIGEL DAVID POOLE Appointed: 2021, Occupation: Emeritus Professor, Other trusteeship: THE WYE AND BROOK INDIA TRUST,

REV CATHERINE DIXON Appointed: 2014, Other trusteeship: WESLEY COLLEGE, CAMBRIDGE,

REV JULIAN PURSEHOUSE Appointed: 2015, Occupation: Minister And Chair Of Methodist District

CHRISTINE ELLIOTT (Chair) Appointed: 2019, Occupation: Director Or World Church Programme, Other trusteeships: UNITED SOCIETY FOR CHRISTIAN LITERATURE, WESLEY COLLEGE, CAMBRIDGE, FEED THE MINDS,

DAVID PENIKET Appointed: 2019, Occupation: Company Director, Other trusteeship: WESLEY COLLEGE, CAMBRIDGE,

REV STEPHEN BURGESS Appointed: 2016, Occupation: Methodist Minister, Other trusteeship: METHODIST INDEPENDENT SCHOOLS TRUST,

Legal constitution

Charitable company registered in England & Wales on 03/09/2014, number: 1158440
Registered at Companies House on 24/07/2014, number: 09147032

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Investment
Risk management
Safeguarding vulnerable beneficiaries

Filing Record

8 returns made; all on time

Main office

WESLEY HOUSE
JESUS LANE
CAMBRIDGE
CB5 8BJ

Objectives

4. Objects 4.1. The object of the Company is the advancement of education and the Christian faith in particular by establishing and maintaining a college, hostel or institution within the precincts of the University of Cambridge which provides: 4.1.1. training in theology and formation in a Wesleyan tradition for accepted candidates for the ministry and ordained ministers of the Methodist Church worldwide; and 4.1.2. theological training to lay members of the Methodist Church worldwide; and 4.1.3. theological training to others consistently with the values of the Methodist and Wesleyan traditions by means of tuition, academic supervision and mentoring (including by remote means) together with residential facilities in connection with such tuition, supervision and mentoring, where appropriate. 4.2. The Company shall function as a post-graduate college enabling students to have access, as appropriate, to the benefits of University life and tuition, and applicants shall normally be required to hold an undergraduate degree (or equivalent) prior to being granted access to residence and/or tuition in the college, save that the Trustees shall have discretion to permit access to such number and proportion of students who do not already hold an undergraduate degree as they see fit.

Data Sources