FAITH TEMPLE MINISTRIES (BEDFORD)
A Charitable Church Organisation. Reflecting the heart of God through the preaching of the gospel and acts of goodness and empowerment to the church and community at large. Touching Bedford, europe and asia and wherever the opportunity may arise.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net expenditure of £19,817 for the year, resulting in total net assets increasing to £228,108 largely due to a £228,135 gain on the revaluation of fixed assets. The trustees report that the charity is currently under-reserved relative to its policy target of three months' general expenditure, citing the financial pressure of completing a building project as the cause. However, the trustees confirm the charity is a going concern and expect reserves to improve upon full use of the building.
What the accounts disclose
“Due to the pressure of completing the building, we are currently under reserved.” — page 6
Trustees
- Daniel Jonathon Brownchair
- Olisa Chukwuebuka Ojogwu
- Peter Stapleton
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £89k | £109k |
| 31/12/2024 | £69k | £116k |
| 31/12/2023 | £65k | £87k |
| 31/12/2022 | £51k | £113k |
| 31/12/2021 | £50k | £76k |
Common questions
Is FAITH TEMPLE MINISTRIES (BEDFORD) financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net expenditure of £19,817 for the year, resulting in total net assets increasing to £228,108 largely due to a £228,135 gain on the revaluation of fixed assets. The trustees report that the charity is currently under-reserved relative to its policy target of three months' general expenditure, citing the financial pressure of completing a building project as the cause. However, the trustees confirm the charity is a going concern and expect reserves to improve upon full use of the building. Its FY2025 accounts were independently examined.