BETHANY FAITH MINISTRIES
RELIGIOUS AND SOCIAL SERVICES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £27,772 for the year ended 31 December 2024, with unrestricted cash balances increasing to £47,587. The trustees are monitoring income and expenditure closely to ensure the charity achieves a break-even position. The charity holds unrestricted cash of £47,587, which exceeds its stated reserves policy target of no less than £20,000.
What the accounts disclose
“Voluntary income Offerings and gifts Gift aid receipts Other income Rental income Interest received Loans repaid by staff”
“The trustees have decided that the charity should aim to hold unrestricted cash of no less than £20,000 so that the charity could continue to operate smoothly should income and / or expenditure vary unexpectedly.” — page 4
“The trustees are monitoring income and expenditure closely and are taking action to ensure that the charity achieves a break even position as soon as possible.” — page 4
Trustees
- DR J M CHRISTY
- Esther Subarna Suresh
- Jasmine Bastiansz
- Joel Subithiran Suthesh
- John Christopher Amburose
- Selvarasa Sarvendran
- Srirangan Balakumar
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £171k | £143k |
| 31/12/2023 | £174k | £186k |
| 31/12/2022 | £156k | £164k |
| 31/12/2021 | £125k | £144k |
| 31/12/2020 | £106k | £170k |
Common questions
Is BETHANY FAITH MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £27,772 for the year ended 31 December 2024, with unrestricted cash balances increasing to £47,587. The trustees are monitoring income and expenditure closely to ensure the charity achieves a break-even position. The charity holds unrestricted cash of £47,587, which exceeds its stated reserves policy target of no less than £20,000. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE MACKIE FOUNDATION | 1 | £89k |
| THE BAYWIND ENERGY COMMUNITY TRUST | 1 | £3k |
| NORMAN WHITELEY TRUST | 1 | £2k |
Charities like this
- PRESTON BETHANY CARE
- BETHANY CHRISTIAN CENTRE
- BETHANY CARE TRUST
- BETHANY SCHOOL
- BETHANY CITY CHURCH SUNDERLAND
- BETH JACOB TEACHERS' SEMINARY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| BETHANY FAITH MINISTRIES | £171k | — | 0 | above | — | noted |
| PRESTON BETHANY CARE | £1.2m | — | 0 | above | — | no doubt |
| BETHANY CHRISTIAN CENTRE | £355k | — | 0 | unclear | — | no doubt |
| BETHANY CARE TRUST | £1.5m | — | — | unclear | — | no doubt |
| BETHANY SCHOOL | £8.8m | — | — | unclear | — | no doubt |
| BETHANY CITY CHURCH SUNDERLAND | £351k | — | 0 | above | — | no doubt |