HOUSE ON THE ROCK
The worship of God and the furtherance of the gospel of Lord Jesus Christ and general advancement of the Christian faith and to relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve distress caused thereby in London and in such other parts of the United Kingdom or the world as the trustee may from time to time think fit.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £41,664 for the year ended 31 December 2024, resulting in a decrease in total net assets. The trustees consider the current unrestricted reserves of £30,194 to be inadequate against their policy target of three to six months' expenditure, noting that reserves have not been maintained due to commitments to service existing debt. Despite this deficit and low reserves, the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 6
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- AKINBOYE TAIWO OYEWUMI
- Dr Chukwugozie Ujam
- PAUL ADEOLU ADEFARASIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £721k | £762k |
| 31/12/2023 | £678k | £730k |
| 31/12/2022 | £562k | £727k |
| 31/12/2021 | £484k | £632k |
| 31/12/2020 | £473k | £568k |
Common questions
Is HOUSE ON THE ROCK financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £41,664 for the year ended 31 December 2024, resulting in a decrease in total net assets. The trustees consider the current unrestricted reserves of £30,194 to be inadequate against their policy target of three to six months' expenditure, noting that reserves have not been maintained due to commitments to service existing debt. Despite this deficit and low reserves, the independent auditor confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were audited by D Lee & Co.
Who funds HOUSE ON THE ROCK?
Funders whose own accounts filings name HOUSE ON THE ROCK as a grant recipient include CRIPPLEGATE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CRIPPLEGATE FOUNDATION | FY2025 | £3k | Islington Giving Food Fund |