PRAISE TRUST
Praise Trust publishes a hymnbook, books about hymns and their authors and composers. By a website it publishes the contents of those books, and new hymns and songs for Christian worship that have not been otherwise published.
Financial health, per its FY2025 accounts
The accounts state that the charity reported an excess of expenditure over income of £6,532 for the year ended 31 March 2025, primarily due to a significant investment in a new website. Despite this deficit, the Trustees confirm the financial position remains sound with unrestricted funds of £67,838, and they are satisfied there is no material uncertainty regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Given the major investment of our reserves over the year, and the significant changes we have undergone in our legal structures and bank accounts, the Trustees have continually reviewed the charity's finances to ensure that the reserves policy implemented has enabled it to control its finances properly.” — page 6
“One Trustee received consultancy fees in respect of their professional services (i.e. music arrangement and composition) amounting to £12,046 in the current year (2024 - £9,853) and two Trustees received royalties of £924 (2024 - £892).” — page 16
“One Trustee received consultancy fees in respect of their professional services (i.e. music arrangement and composition) amounting to £12,046 in the current year (2024 - £9,853) and two Trustees received royalties of £924 (2024 - £892). The only other payments made to the Trustees, or any person connected with them, consisted of reimbursements of expenditure incurred on behalf of the charity in furthering the charity's objects.” — page 16
Trustees
- JIM SAYERSchair
- Andrew Gary Benfold
- Elaine Kirkham
- GILL BERRY
- Jonathan Mark Miscampbell
- LINDA CHRISTINE MAWSON
- Rich Horton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £43k | £49k |
| 31/03/2024 | £39k | £38k |
| 31/03/2023 | £37k | £36k |
| 31/03/2022 | £35k | £31k |
| 31/03/2021 | £31k | £25k |
Common questions
Is PRAISE TRUST financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported an excess of expenditure over income of £6,532 for the year ended 31 March 2025, primarily due to a significant investment in a new website. Despite this deficit, the Trustees confirm the financial position remains sound with unrestricted funds of £67,838, and they are satisfied there is no material uncertainty regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.