FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH
IN LINE WITH OUR MISSION STATEMENT, WHICH IS `LOVING JESUS LIFTING PEOPLE-LAUNCHING MINISTRIES, . WE WORKED WITH FAMILIES AND CHILDREN AROUND LEYTONSTONE ASHVILLE ROAD AREA IN SHARING THE GOSPEL AND PUTTING ON DIFFERENT ACTIVITIES ON SATURDAYS AND DURING THE HOLIDAYS FOR THE CHILDREN THE CHURCH ALSO PROVIDE HOT MEALS FOR HOMELESS PEOPLE IN FOREST ROAD WALTHAM FOREST 1ST FRIDAY OF THE MONTH
Objects
(A)TO ADVANCE THE CHRISTIAN RELIGION IN ACCORDANCE WITH THE STATEMENT OF BELIEFS APPEARING IN THE SCHEDULE TO THE DEED AND IN PARTICULAR IN THE NORTH LONDON REGION OF THE UNITED KINGDOM BUT AT THE DISCRETION OF THE TRUSTEES ANYWHERE ELSE IN THE UNITED KINGDOM OR THE WORLD BY SUCH MEANS AS THE TRUSTEES MAY CONSIDER APPROPRIATE.(B)TO RELIEVE PERSONS WHO ARE IN NEED,HARDSHIP OR DISTRESS OR WHO ARE AGED OR SICK
Financial health, per its FY2024 accounts
The charity reported a net incoming resource of £591 for the year, with total incoming resources of £103,955 against expenditures of £103,364. The trustees state that the reserves policy was met and exceeded, with unrestricted funds held at £209,528, which is above the targeted range of £25,841 to £51,682. The accounts were prepared on a going concern basis with no material uncertainties noted.
What the accounts disclose
“Tithes and Offerings 103,955” — page 13
“unrestricted funds not committed or invested in tangible fixed assets held by the charity should be between 3 and 6 months of the expenditure.”
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Risk management
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
Trustees
- Rev HAROLD G PRESLEYchair
- Clement Julien
- John Amosu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £104k | £103k |
| 31/12/2023 | £123k | £79k |
| 31/12/2022 | £103k | £111k |
| 31/12/2021 | £118k | £121k |
| 31/12/2020 | £81k | £90k |
Common questions
Is FOUNTAIN OF LIFE PENTECOSTAL HOLINESS CHURCH financially healthy?
Per its FY2024 accounts: The charity reported a net incoming resource of £591 for the year, with total incoming resources of £103,955 against expenditures of £103,364. The trustees state that the reserves policy was met and exceeded, with unrestricted funds held at £209,528, which is above the targeted range of £25,841 to £51,682. The accounts were prepared on a going concern basis with no material uncertainties noted. Its FY2024 accounts were independently examined.