FAITHLIFT MINISTRIES
The advancement of the Christian Faith and the relief of poverty.
Objects
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' report notes that income decreased by 14% and highlights financial risk regarding the ability to meet commitments due to this drop in voluntary offerings. However, the charity maintains unrestricted reserves of £40,782, which the trustees consider reasonable against their policy target of three months' expenditure.
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
Policies the charity declares
- Complaints handling
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
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' report notes that income decreased by 14% and highlights financial risk regarding the ability to meet commitments due to this drop in voluntary offerings. However, the charity maintains unrestricted reserves of £40,782, which the trustees consider reasonable against their policy target of three months' expenditure. 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 £17,300 band.