LIGHTHOUSE OUTREACH MINISTRIES
Advance the Christian Faith in the United Kingdom and the the rest of the world, raising disciples for Christ, social and community outreach reaching out to the needy in our community (Essex), meeting spiritual, welfare, happiness and well-being needs of members and those in our immediate areas, as well as helping to relief poverty within our communities and beyond.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £1,740 for the year ended 31 December 2024, resulting in a negative unrestricted fund balance of £765. The trustees consider the charity to be in a strong position to continue its activities and believe assets are adequate to fulfil obligations. However, the financial review notes that finances are still recovering from the effects of the pandemic and rising living costs.
What the accounts disclose
“The position of the Board is to maintain sufficient unrestricted funds to cover operations and management running costs for a period of 6 months.” — page 6
“No payments were made to trustees or any other persons connected with them during this financial period in their capacity as trustees. No material transaction took place between the Charity and a trustee or any person connected with them.” — page 15
Trustees
- Rev AKINWALE LAOSUNchair
- Rev BABATUNDE BAMIDELE PAUL OGEDENGBE
- Rev Kathryn Olumoyegun
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £35k | £37k |
| 31/12/2023 | £31k | £33k |
| 31/12/2022 | £41k | £38k |
| 31/12/2021 | £33k | £34k |
| 31/12/2020 | £23k | £29k |
Common questions
Is LIGHTHOUSE OUTREACH MINISTRIES financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net loss of £1,740 for the year ended 31 December 2024, resulting in a negative unrestricted fund balance of £765. The trustees consider the charity to be in a strong position to continue its activities and believe assets are adequate to fulfil obligations. However, the financial review notes that finances are still recovering from the effects of the pandemic and rising living costs. Its FY2024 accounts were independently examined.