HIS GRACE WORLD OUTREACH TRUST
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £19,090 for the year, resulting in a decrease in total funds from £563,614 to £544,524. Per the trustees' report, incoming resources decreased by 10% while outgoing resources increased by nearly 9%, leading to this deficit. The trustees confirm there are no material uncertainties regarding the charity's ability to continue operating.
What the accounts disclose
“Included in the wages and salaries was remuneration of £48,448 paid to Rev Paul Fadeyi and £18,800 paid to Mrs Joyce Fadeyi respectively.” — page 15
Trustees
- Babatunde Ojetola
- EMMANUEL AKINOLA ONIFADE
- JOSEPH NWOKOYE
- Joyce Adejoke Fadeyi
- MODUPE OMOTOLA ADEYEMI
- Omowunmi Morohundiya
- Rev PAUL K FADEYI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £305k | £294k |
| 31/10/2023 | £280k | £299k |
| 31/10/2022 | £311k | £274k |
| 31/10/2021 | £308k | £297k |
| 31/10/2020 | £294k | £264k |
Common questions
Is HIS GRACE WORLD OUTREACH TRUST financially healthy?
The accounts state that the charity reported a net expenditure of £19,090 for the year, resulting in a decrease in total funds from £563,614 to £544,524. Per the trustees' report, incoming resources decreased by 10% while outgoing resources increased by nearly 9%, leading to this deficit. The trustees confirm there are no material uncertainties regarding the charity's ability to continue operating. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HOPE CHURCH HARROGATE | 1 | £18k |
| BANBURY CHARITIES | 1 | £9k |
| REDEEMER CHURCH CHESTER LE STREET | 1 | £9k |