FAITH HOUSE MINISTRIES
The church's object and principal activity continues to be that of the preaching of the gospel, healing and providing pastoral support for its members. The church is also conscious about giving to the community within which it is placed. This is achieved through outreach programmes to engage young people positively and giving towards good causes within the community (East London).
Financial health, per its FY2024 accounts
The accounts state that the charity's financial position is stable and balanced, with unrestricted cash funds increasing from £130,022 to £139,973 during the year. The charity reported a net surplus of £9,951, funded primarily by church tithes and offerings totaling £59,003. Liabilities include a mortgage loan valued at £361,641 against assets retained for the charity's own use valued at £713,000.
What the accounts disclose
“Church tithe and offerings 59,003”
Trustees
- EDWARD MILLS
- Esther Akator
- FELICIA AKU KWADADE
- Francis Gyan
- HENRIETTA ABBOTT
- MICHAEL ADU FRIMPONG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £87k | £77k |
| 31/12/2023 | £79k | £80k |
| 31/12/2022 | £40k | £14k |
| 31/12/2021 | £150k | £67k |
| 31/12/2020 | £70k | £23k |
Common questions
Is FAITH HOUSE MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity's financial position is stable and balanced, with unrestricted cash funds increasing from £130,022 to £139,973 during the year. The charity reported a net surplus of £9,951, funded primarily by church tithes and offerings totaling £59,003. Liabilities include a mortgage loan valued at £361,641 against assets retained for the charity's own use valued at £713,000.