Finance Score: 1

Governance Score: 2

Support Score: 0

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

No volunteer policy: -2
Narrow trustee age band: -2
Dynamic board: +3
Gender balanced board: +3

No supporters identified

Overall GiG Score: 3

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:

Although this charity works with volunteers it does not have a Volunteer Management policy
The Board has little diversity in terms of age

Financial issues to consider:

This charity has substantial assets and unrestricted reserves of £10,614,635 available, equivalent to 103 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 £k	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/08/23	£1,020	£1,238	£-218	£7	£11,016	£10,615	102.9	14	12
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	n/a	n/a	n/a	n/a	n/a	n/a
31/08/17	£434	£599	£-165	n/a	n/a	n/a	n/a	n/a	n/a
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: 0.8%
Fundraising Costs/Total Spending: 0.6%
Highest pay band: Less than £60,000
Liabilities/Assets: 5%
Liabilities/Income: 62%
Unrestricted Funds/Total Funds: 96%
Reserves/Spending: 102.9 months
Net Current Assets/Spending: 10 months
Quick Ratio: 4.3

Asset Split ?

Balance Sheet History

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 supports them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (10)

Current Trustees appointed

Gender Split

Based on 9/10 persons

Age Range of Trustees: 59-75

BISHOP KENNETH HARPER CARTER JR Appointed: 2023

CHRISTINE ELLIOTT (Chair) Appointed: 2019, Occupation: Director Or World Church Programme

CHRISTOPHER DAVID ROLES Appointed: 2023, Occupation: Retired

DAVID PENIKET Appointed: 2019, Occupation: Company Director

ELIZABETH HELEN OVEY Appointed: 2014, Occupation: Barrister

JANET ARTHUR Appointed: 2019, Occupation: Hr Director / Consultant

NIGEL DAVID POOLE Appointed: 2021, Occupation: Emeritus Professor

REV CATHERINE DIXON Appointed: 2014

REV ROSE WESTWOOD Appointed: 2022, Occupation: Methodist Minister

REV STEPHEN BURGESS Appointed: 2016, Occupation: Methodist Minister

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

Bullying and harassment policy and procedures
Complaints handling
Complaints policy and procedures
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investment
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures

Filing Record

9 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

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