Faith Miracle Church
Operate as a church with ancillary activities within the community. There are many events, seminars and training programmes. Access to the courses, conferences and seminars contribute towards enhancement of lifelong learning and public benefit. Offer help and encouragement to the local community.
Financial health, per its FY2025 accounts
The accounts state that total unrestricted funds increased from £993,162 to £1,031,217, resulting in a net income of £38,055 for the year. The charity's reserves policy targets one year's operating costs, and the current unrestricted reserves of £1,031,217 exceed this target. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were not prepared in accordance with applicable standards.
What the accounts disclose
“The reserves policy of FMC is to build up to a level of free reserves, taking one year with another, amounting to one year's operating costs, in order that staff security and continuity of work are secured.” — page 7
Trustees
- Charles Muottochair
- Babatunde Mustapha
- Emmanuel Achomadu
- Julie Michelle Chukwudi
- Kingsley Tuke-Tuke Ofigho
- Mojisola Okuwoga
- PATRICIA MUOTTO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £356k | £318k |
| 31/03/2024 | £382k | £310k |
| 31/03/2023 | £330k | £271k |
| 31/03/2022 | £316k | £246k |
| 31/03/2021 | £388k | £211k |
Common questions
Is Faith Miracle Church financially healthy?
Per its FY2025 accounts: The accounts state that total unrestricted funds increased from £993,162 to £1,031,217, resulting in a net income of £38,055 for the year. The charity's reserves policy targets one year's operating costs, and the current unrestricted reserves of £1,031,217 exceed this target. The independent examiner confirmed that no matters came to their attention giving cause to believe the accounts were not prepared in accordance with applicable standards. Its FY2025 accounts were independently examined.
Charities like this
- THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE
- DOME OF GRACE INTERNATIONAL CHURCH
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, TUNBRIDGE WELLS
- MIRACLE CHURCH OF GOD IN CHRIST
- ARK COMMUNITY CHURCH SUTTON COLDFIELD
- TRUE JESUS CHURCH (LONDON)
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| Faith Miracle Church | £356k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE | £209k | — | 0 | unclear | — | no doubt |
| DOME OF GRACE INTERNATIONAL CHURCH | £129k | — | 0 | no_policy | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, TUNBRIDGE WELLS | £802k | — | 0 | unclear | — | no doubt |
| MIRACLE CHURCH OF GOD IN CHRIST | £253k | — | 0 | unclear | — | no doubt |
| ARK COMMUNITY CHURCH SUTTON COLDFIELD | £203k | £41,688 | 0 | unclear | — | no doubt |