FESTIVAL OF LIFE
Bi-annual all night prayer meetings.
Objects
FOR THE ADVANCEMENT OF CHRISTIAN RELIGION WORLDWIDE
Financial health, per its FY2025 accounts
The accounts state that unrestricted reserves stood at £800,437, which the Trustees consider appropriate as it exceeds their policy target of three to six months' core operating costs (estimated at £300,000). The charity reported a net expenditure deficit of £163,331 for the year, resulting in a decrease in total funds from £963,768 to £800,437. The Trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified regarding the charity's ability to continue operations.
What the accounts disclose
“The Trustees consider it prudent to maintain a level of free reserves equivalent to between three and six months of core operating costs (currently estimated at £300,000)”
Policies the charity declares
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
From the charity’s annual return (Part A, self-declared)
Self-declared on the annual return for the financial year ending 31/12/2025
- Volunteers: 800
Self-declared on the annual return for the financial year ending 31/12/2024
- Volunteers: 800
- Trustee benefits, answered Yes to: any trustee benefit; other trustee benefit
Self-declared on the annual return for the financial year ending 31/12/2023
- Volunteers: 1,500
Structured financials (annual return, FY ending 31/12/2025)
Trustees
- Dr SOLA OLUDOYI
- PASTOR ADELEKE SANUSI
- PASTOR AGU IRUKWU
- Pastor KOLA BAMIGBADE
- Pastor Morola Opeoluwa HAYDEN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £897k | £1.1m |
| 31/12/2024 | £1.0m | £1.5m |
| 31/12/2023 | £893k | £1.3m |
| 31/12/2022 | £999k | £960k |
| 31/12/2021 | £934k | £397k |
Common questions
Is FESTIVAL OF LIFE financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted reserves stood at £800,437, which the Trustees consider appropriate as it exceeds their policy target of three to six months' core operating costs (estimated at £300,000). The charity reported a net expenditure deficit of £163,331 for the year, resulting in a decrease in total funds from £963,768 to £800,437. The Trustees and auditors confirm that the financial statements are prepared on a going concern basis with no material uncertainties identified regarding the charity's ability to continue operations. Its FY2025 accounts were audited by Blue Spire Limited.
Who funds FESTIVAL OF LIFE?
Funders whose own accounts filings name FESTIVAL OF LIFE as a grant recipient include REDEEMED CHRISTIAN CHURCH 0F GOD ("RCCG") AMAZING GRACE CHAPEL HULL, THE REDEEMED CHRISTIAN CHURCH OF GOD - SOLUTION ASSEMBLY, NEWCASTLE, REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE SANCTUARY, THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY, THE REDEEMED CHRISTIAN CHURCH OF GOD - CHRIST'S LOVE ASSEMBLY OXFORD.
Known funders
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MEDLOCK CHARITABLE TRUST | 1 | £231k |
| THE ROPER FAMILY CHARITABLE TRUST | 1 | £137k |
| THE NATIONAL FOUNDATION FOR YOUTH MUSIC | 1 | £83k |
| THE ASHLA CHARITABLE TRUST | 1 | £40k |
| UBS UK Donor-Advised Foundation | 1 | £36k |
| THE BROWNSWORD CHARITABLE FOUNDATION | 1 | £31k |
| THE TOLKIEN TRUST | 1 | £30k |
| PETER STORMONTH DARLING CHARITABLE TRUST | 1 | £23k |
Charities like this
- FESTIVAL MEDICAL SERVICES
- RYEDALE FESTIVAL TRUST LTD
- BATH FESTIVALS
- Living Temple Church
- LIFEHOUSE MINISTRIES
- LIMOGES CHARITABLE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FESTIVAL OF LIFE | £897k | — | 0 | above | — | no doubt |
| FESTIVAL MEDICAL SERVICES | £654k | — | 0 | above | — | no doubt |
| RYEDALE FESTIVAL TRUST LTD | £440k | — | 1 | unclear | — | no doubt |
| BATH FESTIVALS | £578k | — | 0 | below | — | material uncertainty |
| Living Temple Church | £38k | — | 0 | unclear | — | no doubt |
| LIFEHOUSE MINISTRIES | £45k | — | 0 | above | — | no doubt |