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

PRAISE CHAPEL

Registered charity 1054449 · accounts filings on the Charity Commission register

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.

What the accounts disclose

Accounts independently examined (not a full audit).

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).

Trustees

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?

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.

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Semantically similar by activities and financial character, from our analysed corpus. Compare with PRAISE TABERNACLE.