WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM)
Advancement of Christian Faith and making a difference in our community
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus on unrestricted funds of £12,801 for the year ended 31 October 2024, with total unrestricted reserves standing at £45,566. The trustees confirmed that these reserves are maintained at a level equivalent to between three to six months of expenditure, satisfying their stated policy target. The independent examiner reported no matters requiring attention, and the trustees expressed a reasonable expectation of adequate resources to continue operations.
What the accounts disclose
“Voluntary income and donations are accounted for as received by the charity.” — page 10
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three to six month’s expenditure.” — page 5
“The trust comes under the umbrella of the Word of Life International Ministries Zimbabwe. Air fares and other costs are paid by the trust on behalf of the churches for oversight, strategic direction, and leadership development.” — page 12
Trustees
- Alfred Tafadzwa Maguraushe
- Edwin Tafadzwa Jahwi
- Goodwill Shana
- Maureen Beryl Shana
- Polite Nothando Tshuma
- Vincent Mutepfe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/10/2024 | £150k | £138k |
| 31/10/2023 | £79k | £65k |
| 31/10/2022 | £60k | £59k |
| 31/10/2021 | £17k | £7k |
| 31/10/2020 | £22k | £12k |
Common questions
Is WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus on unrestricted funds of £12,801 for the year ended 31 October 2024, with total unrestricted reserves standing at £45,566. The trustees confirmed that these reserves are maintained at a level equivalent to between three to six months of expenditure, satisfying their stated policy target. The independent examiner reported no matters requiring attention, and the trustees expressed a reasonable expectation of adequate resources to continue operations. Its FY2024 accounts were independently examined.
Charities like this
- WORD OF LIFE MINISTRIES UK LIMITED
- SWORD OF THE SPIRIT MINISTRIES
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WOLSTON, ST MARGARET'S
- LHA LONDON LTD
- VICTORY IN CHRIST MINISTRIES
- GLOBAL CHURCH OF GRACE MINISTRIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| WORD OF LIFE MINISTRIES (LONDON AND BIRMINGHAM) | £150k | — | 0 | above | — | no doubt |
| WORD OF LIFE MINISTRIES UK LIMITED | £163k | — | 0 | unclear | — | no doubt |
| SWORD OF THE SPIRIT MINISTRIES | £144k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF WOLSTON, ST MARGARET'S | £100k | — | 0 | unclear | — | noted |
| LHA LONDON LTD | £19.8m | — | — | unclear | — | no doubt |
| VICTORY IN CHRIST MINISTRIES | £130k | £20,001 - £30,000 | 0 | unclear | — | no doubt |