GLORY HOUSE
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £109,318 for the year ended 30 June 2025, a significant improvement from the £363,733 deficit in the prior year. Per the trustees' report, unrestricted reserves decreased from £4,245,073 to £4,135,755, while the charity maintains a building fund restricted for future projects with a balance of £2,259.93.
What the accounts disclose
Structured financials (annual return, FY ending 30/06/2025)
Trustees
- Akintunde Akinola Sofola
- Ayodeji Charles Fadeyibi
- CAROLINE AGBI
- Henry Oluwakayode Olayimika Ogundana
- Omotara Aquavi Talabi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £809k | £919k |
| 30/06/2024 | £513k | £876k |
| 30/06/2023 | £3.9m | £1.1m |
| 31/03/2022 | £571k | £615k |
| 31/03/2021 | £601k | £600k |
Common questions
Is GLORY HOUSE financially healthy?
The accounts state that the charity reported a net expenditure deficit of £109,318 for the year ended 30 June 2025, a significant improvement from the £363,733 deficit in the prior year. Per the trustees' report, unrestricted reserves decreased from £4,245,073 to £4,135,755, while the charity maintains a building fund restricted for future projects with a balance of £2,259.93. Its FY2025 accounts were independently examined.