CHARISMATIC RENEWAL MINISTRIES (CRM) UK
Financial health, per its FY2024 accounts
The accounts state that the charity achieved a surplus of £23,410 for the year ended 31 December 2024, with total income of £100,619 and expenditure of £77,209. The trustees report that unrestricted funds of £99,881 are sufficient to permit the charity to continue in operation in the short term, although they note a huge drop in income streams and a risk of further decline.
What the accounts disclose
“The organisation's current reserves policy is simply to maintain sufficient cash flow for known commitments.” — page 7
Trustees
- ADENIYI OJO
- ALFRED OGBAJIE
- Adeyemi Akala
- Adeyemo Goodness-Amao
- BUNMI YEMI-AKALA
- Cecilia Goodnes
- Dr Sunday Ashua
- MOSES OBOITE
- STELLA OBOITE
- Timothy Uju
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £101k | £77k |
| 31/12/2023 | £70k | £62k |
| 31/12/2022 | £64k | £76k |
| 31/12/2021 | £60k | £32k |
| 31/12/2020 | £38k | £21k |
Common questions
Is CHARISMATIC RENEWAL MINISTRIES (CRM) UK financially healthy?
The accounts state that the charity achieved a surplus of £23,410 for the year ended 31 December 2024, with total income of £100,619 and expenditure of £77,209. The trustees report that unrestricted funds of £99,881 are sufficient to permit the charity to continue in operation in the short term, although they note a huge drop in income streams and a risk of further decline. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| EDWARD HARVIST (ALSO KNOWN AS THE HARVIST ESTATE) | 1 | £2k |