Oldham Chapel
Our main activity is to hold religious services of worship. All our other activities stem from this primary focus.
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £28,572 at the end of the financial year, which is above its stated policy target of three months of free reserve funds. The charity reported a small surplus of £2,209 for the year and confirmed it is well placed to continue its activities.
What the accounts disclose
“Our reserves policy is to hold 3 months of free reserve funds.” — page 8
Trustees
- David Whitson
- Francis Adefuye
- John Steadman
- Raphael Adefuye
- Rinky Sikwa-Sikwa
- Sharon Roscoe
- VERONICA ADEFUYE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £30k | £28k |
| 31/12/2023 | £40k | £35k |
| 31/12/2022 | £30k | £27k |
| 31/12/2021 | £29k | £23k |
| 31/12/2020 | £36k | £25k |
Common questions
Is Oldham Chapel financially healthy?
Per its FY2024 accounts: The accounts state that the charity held unrestricted reserves of £28,572 at the end of the financial year, which is above its stated policy target of three months of free reserve funds. The charity reported a small surplus of £2,209 for the year and confirmed it is well placed to continue its activities. Its FY2024 accounts were independently examined.