POWER AND GLORY DAY MINISTRY
Furthering the Christian religion.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £23,036 for the year, resulting in total unrestricted funds falling to a negative balance of £26,190. The trustees note that the reserves target of one month's expenditure was not met, with free reserves standing at £NIL. The charity's operations are described as entirely dependent on voluntary offerings, and the financial review highlights risks associated with a serious decrease in income.
What the accounts disclose
“Bishop Akoto Bamfo receives an amount for being responsible for the day to day operations of the charity. This amount is reviewed annually.” — page 6
“Total unrestricted funds after deducting the amount included in Fixed Assets were £NIL. This shows that the reserves target had not been met at the year end”
“The work of the trust is entirely dependent on the voluntary offerings of people attending the various meetings that have taken place during the year.” — page 3
“Bishop Akoto Bamfo received an amount of £42,697 ( 2024 = £43,657) for operating the charity on a day to day basis.” — page 12
“Bishop Akoto Bamfo received an amount of £42,697 ( 2024 = £43,657) for operating the charity on a day to day basis.” — page 12
“At the year end the balance of the interest free loan granted by Bishop Akoto Bamfo was £21,007 (2024 = £157).” — page 12
“Bishop Akoto Bamfo received an amount of £42,697 ( 2024 = £43,657) for operating the charity on a day to day basis.” — page 12
“At the year end the balance of the interest free loan granted by Bishop Akoto Bamfo was £21,007 (2024 = £157).” — page 12
Trustees
- ADELAIDE AKOTO BAMFO
- BISHOP KINGSLEY JOSHUA AKOTO-BAMFO
- CYNTHIA ANDOH-ARTHUR
- JAMES ARTHUR
- LINDA ACQUAYE
- REVEREND DAN STEPHENS
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 02/03/2025 | £234k | £257k |
| 02/03/2024 | £243k | £277k |
| 02/03/2023 | £284k | £241k |
| 02/03/2022 | £247k | £264k |
| 02/03/2021 | £218k | £214k |
Common questions
Is POWER AND GLORY DAY MINISTRY financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure deficit of £23,036 for the year, resulting in total unrestricted funds falling to a negative balance of £26,190. The trustees note that the reserves target of one month's expenditure was not met, with free reserves standing at £NIL. The charity's operations are described as entirely dependent on voluntary offerings, and the financial review highlights risks associated with a serious decrease in income. Its FY2025 accounts were independently examined.
What does the highest-paid employee of POWER AND GLORY DAY MINISTRY earn?
Per its FY2025 accounts, the highest-paid employee was in the £40,001 - £50,000 band.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| BEIS MENACHEM CHABAD LUBAVITCH | 1 | £102k |
| YESHIVAS LUBAVITCH MANCHESTER | 1 | £20k |
Charities like this
- THE REDEEMED CHRISTIAN CHURCH OF GOD ARK OF GOD PARISH
- GILBERT DEYA MINISTRIES
- WORD OF LIFE MINISTRIES UK LIMITED
- YAD VEACHISOMOCH L'CHAIM
- THE PAROCHIAL CHURCH COUNCIL OF FAWKHAM AND HARTLEY
- PARISH OF EAST HAM, HOLY TRINITY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| POWER AND GLORY DAY MINISTRY | £234k | £40,001 - £50,000 | 0 | below | — | noted |
| THE REDEEMED CHRISTIAN CHURCH OF GOD ARK OF GOD PARISH | £102k | — | 0 | above | — | no doubt |
| GILBERT DEYA MINISTRIES | £28k | Under £60,000 | 0 | unclear | — | no doubt |
| WORD OF LIFE MINISTRIES UK LIMITED | £163k | — | 0 | unclear | — | no doubt |
| YAD VEACHISOMOCH L'CHAIM | £834k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF FAWKHAM AND HARTLEY | £105k | — | 0 | above | — | no doubt |