JOYCE MEYER MINISTRIES
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves fell to £280,281 at year-end 2024, which is below the stated policy target of three to six months of unrestricted expenditure. The charity reported a net movement in funds of -£118,199, driven by significant transfers to the US Hand of Hope appeal, resulting in a decrease in total funds from £398,480 to £280,281.
What the accounts disclose
“Unrestricted funds were maintained at this level throughout the year.” — page 4
“£25,464 to Joyce Meyer Ministries Inc, a charity based in the USA (2023: £20,755). The above transactions took place on an arms length basis with the relevant Related Party's absence from the decision making process.” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Carl Queen
- Matthew Bell
- PASTOR KEVIN SAMBROOK
- ROSEMARY SAMBROOK
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.4m | £1.5m |
| 31/12/2023 | £1.4m | £1.4m |
| 31/12/2022 | £1.3m | £1.2m |
| 31/12/2021 | £1.8m | £1.8m |
| 31/12/2020 | £1.8m | £1.8m |
Common questions
Is JOYCE MEYER MINISTRIES financially healthy?
The accounts state that unrestricted reserves fell to £280,281 at year-end 2024, which is below the stated policy target of three to six months of unrestricted expenditure. The charity reported a net movement in funds of -£118,199, driven by significant transfers to the US Hand of Hope appeal, resulting in a decrease in total funds from £398,480 to £280,281. Its FY2024 accounts were audited by DUX Advisory Limited.