CHRISTIAN LIFE MINISTRIES THAMESMEAD TRUST
1. To advance the Christian faith.2. To relieve hardship, poverty, sickness and the distress caused thereby.3. To advance education by such means as the Trustees may consider appropriate.4. To promote and fulfill such other charitable purposes beneficial to the community.
Financial health, per its FY2024 accounts
The accounts state that the charity operated at a deficit of £1,921 for the year ended 31 October 2024, resulting in total unrestricted funds falling to a negative balance of £16,428. The trustees report that the charity remains solvent and has adequate resources to continue operating for the foreseeable future. However, the charity's reserves are below its stated policy target of 3 to 6 months of expenditure.
What the accounts disclose
“This general reserve policy has not been met this year as in previous years.”
Trustees
- Ebenezer Olowoyo
- Ephraim Olumewo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2025 | £86k | £88k |
| 31/10/2024 | £76k | £78k |
| 31/10/2023 | £69k | £75k |
| 31/10/2022 | £79k | £67k |
| 31/10/2021 | £81k | £75k |
Common questions
Is CHRISTIAN LIFE MINISTRIES THAMESMEAD TRUST financially healthy?
Per its FY2024 accounts: The accounts state that the charity operated at a deficit of £1,921 for the year ended 31 October 2024, resulting in total unrestricted funds falling to a negative balance of £16,428. The trustees report that the charity remains solvent and has adequate resources to continue operating for the foreseeable future. However, the charity's reserves are below its stated policy target of 3 to 6 months of expenditure. Its FY2024 accounts were independently examined.