GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE
Activities include Christian Worship teaching and discipling in Christian Principles, Values and Ethics; Social and Community Outreach reaching out to the needy in our community; Meeting spiritual and welfare needs of the members and those in our immediate area; Supporting estalished local, national and international charity bodies; Reaching out to the poor in the identified countries - Kenya, etc
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £11,073 for the year ended 31 December 2024, with total income of £217,857 against expenditure of £206,784. Per the trustees' report, unrestricted reserves stood at £83,925, which is below the stated policy target of £51,696 to £103,392, although the trustees remain satisfied that the charity is solvent and has adequate resources for the foreseeable future.
What the accounts disclose
“This general reserve policy has not been met this year as in previous years.”
“During the year the church paid £7,200 as rent to Akin and Funke Laosun Foundation, under a lease agreement for the Charity to use for church activities. The property is partly owned by Pastor Akin Laosun.” — page 18
Trustees
- Akinlolu Akinsola
- BABATUNDE ABIODUN OLUGBENGA
- Folashade Adunni Braimoh
- Kayode Olabisi
- OLANIYI ALAO OLAOSEBIKAN
- PASTOR AKIN LAOSUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £218k | £207k |
| 31/12/2023 | £175k | £170k |
| 31/12/2022 | £146k | £153k |
| 31/12/2021 | £120k | £127k |
| 31/12/2020 | £116k | £87k |
Common questions
Is GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £11,073 for the year ended 31 December 2024, with total income of £217,857 against expenditure of £206,784. Per the trustees' report, unrestricted reserves stood at £83,925, which is below the stated policy target of £51,696 to £103,392, although the trustees remain satisfied that the charity is solvent and has adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE DERBYSHIRE ENVIRONMENTAL TRUST LIMITED | 1 | £16k |
| ERSKINE MUTON TRUST FUND | 1 | £10k |
| THE ANCHOR FOUNDATION | 1 | £4k |
Charities like this
- CITYGATE CHRISTIAN OUTREACH CENTRE
- GATEWAY BAPTIST CHURCH
- THE CELESTIAL CHURCH OF CHRIST SALVATION ARK PARISH
- THE GATE CHURCH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST NEW BOROUGH AND LEIGH, WIMBORNE
- PRAISE GATE TEMPLE
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| GATES OF PRAISE INTERNATIONAL CHRISTIAN CENTRE | £218k | — | 0 | below | — | no doubt |
| CITYGATE CHRISTIAN OUTREACH CENTRE | £2.7m | £60,001 - £70,000 | 1 | unclear | — | no doubt |
| GATEWAY BAPTIST CHURCH | £140k | — | 0 | unclear | — | no doubt |
| THE CELESTIAL CHURCH OF CHRIST SALVATION ARK PARISH | £242k | — | 0 | unclear | — | no doubt |
| THE GATE CHURCH | £116k | — | 0 | above | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST JOHN THE EVANGELIST NEW BOROUGH AND LEIGH, WIMBORNE | £627k | — | 0 | unclear | — | no doubt |