Christ Apostolic Church Balm of Gilead - Healing Centre
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £6,706 for the year ended 31 December 2024, compared to a deficit of £304 in the prior year. Per the Statement of Financial Position, unrestricted reserves decreased from £491,701 to £484,995, while net current assets remained positive at £29,653. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were materially non-compliant.
What the accounts disclose
Trustees
- Rev MAY SALAMI
- Rev PAUL OLUTUNJI SODEKE
- Rev SIMEON OLUDARE OLADOKUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £217k | £224k |
| 31/12/2023 | £203k | £204k |
| 31/12/2022 | £196k | £206k |
| 31/12/2021 | £180k | £203k |
| 31/12/2020 | £166k | £163k |
Common questions
Is Christ Apostolic Church Balm of Gilead - Healing Centre financially healthy?
The accounts state that the charity reported a net deficit of £6,706 for the year ended 31 December 2024, compared to a deficit of £304 in the prior year. Per the Statement of Financial Position, unrestricted reserves decreased from £491,701 to £484,995, while net current assets remained positive at £29,653. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were materially non-compliant. Its FY2024 accounts were independently examined.
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