FAITHLIFT MINISTRIES
The advancement of the Christian Faith and the relief of poverty.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £2,462 for the year, resulting in a decrease in total funds from £44,986 to £42,524. The trustees maintain unrestricted reserves of £40,782, which they consider reasonable against their policy target of three months' expenditure (£17,000). However, the independent examiner noted a material limitation regarding the verification of the bank balance due to missing statements.
What the accounts disclose
“Pastor B Arekion, a Trustee, was remunerated on a self employed basis and received £17,300 during the year.” — page 14
“The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately three months of unrestricted charitable expenditure.” — page 3
“Pastor B Arekion, a Trustee, was remunerated on a self employed basis and received £17,300 during the year.” — page 14
“Ms K Arekion, the daughter of the above, received £2,840 (2024 = £1,450) for carrying out administration duties for the charity.” — page 14
“Pastor B Arekion, a Trustee, was remunerated on a self employed basis and received £17,300 during the year.” — page 14
“Ms K Arekion, the daughter of the above, received £2,840 (2024 = £1,450) for carrying out administration duties for the charity.” — page 14
“Pastor B Arekion, a Trustee, was remunerated on a self employed basis and received £17,300 during the year.” — page 14
“Ms K Arekion, the daughter of the above, received £2,840 (2024 = £1,450) for carrying out administration duties for the charity.” — page 14
Trustees
- BRUNO AREKION
- Dharman Camayah
- Rajen Cunnoosamy
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £66k | £68k |
| 31/03/2024 | £76k | £73k |
| 31/03/2023 | £61k | £57k |
| 31/03/2022 | £61k | £60k |
| 31/03/2021 | £57k | £41k |
Common questions
Is FAITHLIFT MINISTRIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £2,462 for the year, resulting in a decrease in total funds from £44,986 to £42,524. The trustees maintain unrestricted reserves of £40,782, which they consider reasonable against their policy target of three months' expenditure (£17,000). However, the independent examiner noted a material limitation regarding the verification of the bank balance due to missing statements. Its FY2025 accounts were independently examined.
What does the highest-paid employee of FAITHLIFT MINISTRIES earn?
Per its FY2025 accounts, the highest-paid employee was in the £10,001 - £20,000 band.