THE GOSPEL CENTRE
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves decreased by £2,717 to £111,210, which the trustees consider represents approximately 12 months of expenditure. This level is above the charity's stated policy target of maintaining reserves equivalent to three to six months of expenditure. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“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 and six months' expenditure.” — page 5
“During the year the charity received donations of £13,018 (2023: £12,180) from trustees and related parties.” — page 23
Trustees
- PAUL KYNASTON TOMKINSchair
- Jermaine Bernard
- MANUELLA OKWUE
- MICHAEL OLUMUYIWA FAMOKUNWA
- PETER JAMES BUCKLEY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £114k | £117k |
| 31/12/2023 | £159k | £119k |
| 31/12/2022 | £142k | £149k |
| 31/12/2021 | £144k | £136k |
| 31/12/2020 | £118k | £132k |
Common questions
Is THE GOSPEL CENTRE financially healthy?
The accounts state that unrestricted reserves decreased by £2,717 to £111,210, which the trustees consider represents approximately 12 months of expenditure. This level is above the charity's stated policy target of maintaining reserves equivalent to three to six months of expenditure. The trustees report no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.
Who funds THE GOSPEL CENTRE?
Funders whose own accounts filings name THE GOSPEL CENTRE as a grant recipient include HARVEST COMMUNITY NETWORK.
Known funders
| Funder | Year | Amount |
|---|---|---|
| HARVEST COMMUNITY NETWORK | FY2024 | £27k |
| HARVEST COMMUNITY NETWORK | FY2022 | £3k |
| HARVEST COMMUNITY NETWORK | FY2023 | £2k |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES | 1 | £3k |