GREATER LIFE TRUST FOUNDATION
THE CHARITY'S OBJECTIVES ARE:A) TO ADVANCE CHRISTIANITY IN GREATER LONDON & ELSEWHERE IN ACCORDANCE WITH CLAUSE 10 OF ITS MEMORANDUMB) TO RELIEVE POVERTY & ASSIST THOSE WHO ARE IN NEED C) TO ADVANCE EDUCATION BOTH GENERAL & VOCATIONAL WITHIN THE PRINCIPLES OF THE CHRISTIAN FAITHD) TO PROMOTE OTHER CHARITABLE OBJECTS AS THE TRUSTEES CONSIDER APPROPRIATE
Financial health, per its FY2024 accounts
The accounts state that the charity's unrestricted funds are in a deficit position of £35 at year-end, an improvement from the opening deficit of £1,573. The trustees report that finances remain limited and decisions were taken carefully due to the balance between expenditure and income. The charity relies on voluntary donations and grants, with total incoming resources of £75,791 against total expenditure of £74,253.
What the accounts disclose
“None of the Trustees received any remuneration during the year, except for Paul van Essen who was paid a salary of £7,615 including employer's National Insurance and Pension Contributions.” — page 14
“None of the Trustees received any remuneration during the year, except for Paul van Essen who was paid a salary of £7,615 including employer's National Insurance and Pension Contributions.” — page 14
“the Trustees agree that as they are saving money by not renting a building, the use of the van Essen’s home for church purposes should remain at 40% of mortgage interest, utilities, and council tax.”
“None of the Trustees received any remuneration during the year, except for Paul van Essen who was paid a salary of £7,615 including employer's National Insurance and Pension Contributions.” — page 14
“the Trustees agree that as they are saving money by not renting a building, the use of the van Essen’s home for church purposes should remain at 40% of mortgage interest, utilities, and council tax.”
Trustees
- OWEN AGHEDOchair
- LUCILLE PAYET
- Pastor Paul William van Essen
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £75k | £74k |
| 31/12/2023 | £76k | £77k |
| 31/12/2022 | £73k | £80k |
| 31/12/2021 | £67k | £79k |
| 31/12/2020 | £75k | £64k |
Common questions
Is GREATER LIFE TRUST FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity's unrestricted funds are in a deficit position of £35 at year-end, an improvement from the opening deficit of £1,573. The trustees report that finances remain limited and decisions were taken carefully due to the balance between expenditure and income. The charity relies on voluntary donations and grants, with total incoming resources of £75,791 against total expenditure of £74,253. Its FY2024 accounts were independently examined.