Finance Score: -1

Governance Score: 9

Support Score: 6

Liabilities <10%: +3
Excess reserves: -4

Good trustee age range: +3
Dynamic board: +3
Gender balanced board: +3

Overall weighted support: +6

Overall GiG Score: 14

WESTMINSTER CHAPEL

The charity has been established to carry on the activities of Westminster Chapel, an independent evangelical church.

Analysis by Giving is Great

Positives:

This charity has a robust balance sheet
There have been no material income shortfalls in recent years
A significant proportion of recent income was derived from major grant makers including the Government
The Board appears to be well diversified in terms of age and gender and dynamic in terms of composition

Regulatory & Governance issues to consider:

One or more trustees receive payments or benefits from the charity for providing services to the charity
Over half the Board have joined recently

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £3,864,474 available, equivalent to 45 months of spending and so may not be able to utilise additional funding

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/23		£1,033	£1,037	£-4	£0	£4,012	£3,864	44.7	18	16
31/12/22		£980	£893	£88	£0	£4,017	£3,819	51.3	17	22
31/12/21		£1,306	£1,229	£77	£0	£3,954	£3,856	37.7	12	0
31/12/20	*	£820	£753	£67	£0	£3,877	£3,792	60.4	11	60
31/12/19		£853	£719	£135	£0	£3,842	£3,827	63.9	10	100
31/12/18	*	£992	£1,057	£-65	£0	£3,767	£3,767	42.8	8	0
31/12/17		£684	£695	£-11	£0	£3,923	£3,923	67.7	10	0
31/12/16?		£21,768	£699	£21,069	£0	£21,069	£21,065	361.4	11	0
30/11/15?	*	£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/12/14		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/12/13		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a
31/12/12		£0	£0	£0	n/a	n/a	n/a	n/a	n/a	n/a

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 4%
Liabilities/Income: 17%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 44.7 months
Net Current Assets/Spending: 6 months
Quick Ratio: 3.4

Asset Split ?

Balance Sheet History

Established: 13 years
(16 years as a company)

www.westminsterchapel.org.uk

office@westminsterchapel.org.uk

02071057066

Charity Commission for England and Wales

Tweets

Listed activities

Religious Activities

GiG Classification

Christian congregations

How it operates

Other charitable activities

Where it operates

City Of Westminster,

Who it helps

The General Public/Mankind

Who supports them? ?

Donations from Grant Makers ?

We have details on the following donations. Multi-year donations are allocated to the years for which they are earmarked.

Specific Donations

Amount	When Months	To be used for
The Trussell Trust - Grant to Westminster Foodbank
£5,000	12/10/2022	Emergency grant
The Trussell Trust - Grant to Westminster Foodbank
£114,703	22/08/2022	0.6 FTE CA adviser
The Trussell Trust - Grant to Westminster Foodbank
£5,000	20/08/2020	13 weeks' stock
City Bridge Trust - Grant to Westminster Foodbank
£8,750	28/05/2020	£8,750 towards 3 months of costs as outlined in your application.

Data sourced from Donors via 360 Giving

How is it governed?

Trustees (7)

Current Trustees appointed

Gender Split

Based on 6/7 persons

Age Range of Trustees: 33-72

AKINSOLA OLUKAYODE AKINYOSE Appointed: 2022, Occupation: It Professional

IBELEMA SAMANTHA EMEH Appointed: 2022, Occupation: Entrepreneur

JAMES EDWARDS Appointed: 2011, Occupation: Chartered Accountant

PAUL GARDNER Appointed: 2011, Occupation: Solicitor

RACHEL ELIZABETH JOHN Appointed: 2022, Occupation: Cultural Communications

RICHARD BURSBY Appointed: 2022, Occupation: Solicitor

STEPHEN THOMAS SLOAN Appointed: 2011, Occupation: Solicitor

Legal constitution

Charitable company registered in England & Wales on 28/11/2011, number: 1144831
Registered at Companies House on 21/12/2007, number: 06458950

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Investment
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Filing Record

12 returns made; AR20: 10 days late, AR18: 3 days late, AR15: 14 days late,

Main office

Westminster Chapel
Buckingham Gate
London
SW1E 6BS

Objectives

THE OBJECT OF THE CHURCH IS, FOR THE BENEFIT OF THE PUBLIC, TO ADVANCE THE CHRISTIAN FAITH AS AN INDEPENDENT PROTESTANT CHURCH ACCORDING TO THE BASIS OF FAITH IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT.

Data Sources

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