Charity Accounts Intelreading the accounts so you don’t have to

PRAISE CHAPEL

Registered charity 1054449 · accounts filings on the Charity Commission register

The principal activity of the company under review was the advancement of the christian relegion.

Causes: Religious Activities · Grant history (this charity is a funder) · website · Get email alerts

Latest income
£569k
Latest spending
£545k
Registered
1996
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a surplus of £23,964 for the year ended 31 March 2025, compared to a deficit in the prior year. Total unrestricted reserves stood at £130,027, while total net assets were £323,634. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: Tithes and offerings (77% of income)
“The main income continued to be tithes and offerings from church members , with Gift Aid however constituting a significant proportion of that, being 22.17% of total income received.”
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Structured financials (annual return, FY ending 31/03/2025)

Total income
£569k
Total spending
£545k
Reserves (reported)
£194k
Employees
4

Reported reserves equal ~4.3 months of spending — below the median for charities its size (median 5.2 months; benchmarks).

Per its annual return, largest income source: Donations and legacies (99% of income) — components as reported reconcile to the return’s total income; not from the accounts narrative.

Per its annual return, cost of raising funds: 0.0% of total income — below the median for charities its size (4.9%) (benchmarks).

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Throughout England And Wales

Income and spending

Financial year endIncomeSpending
31/03/2025£569k£545k
31/03/2024£469k£500k
31/03/2023£417k£484k
31/03/2022£460k£392k
31/03/2021£422k£347k

Common questions

Is PRAISE CHAPEL financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a surplus of £23,964 for the year ended 31 March 2025, compared to a deficit in the prior year. Total unrestricted reserves stood at £130,027, while total net assets were £323,634. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.

Charities like this

Semantically similar by activities and financial character, from our analysed corpus. Compare with CHRIST APOSTOLIC CHURCH FAITH CHAPEL.

Side by side with its peers

CharityIncomeTop pay bandStaff >£60kReserves vs policyFundraising costGoing concern
PRAISE CHAPEL£569k——unclear—no doubt
CHRIST APOSTOLIC CHURCH FAITH CHAPEL FY2025£202k—0unclear—no doubt
HOUSE OF PRAISE TRUST FY2024£1.7m——below—no doubt
PRAISE TABERNACLE FY2024£447k—0unclear—no doubt
PRAISE GATE TEMPLE FY2025£115k—0unclear—no doubt
A-LIFE FAITH CHAPEL FY2025£162k—0unclear—no doubt

Each row is that charity’s latest analysed filing; every value is quote-backed on its own page.