Great Beauty Tabernacle
WORSHIP SERVICES.LOCAL COMMUNITY PROJECTS AND COMMUNITY-FOCUSED EVENTS.PROVISION OF GRANTS TO OTHER CHARITABLE AND VOLUNTARY ORGANISATIONS.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource of £14,120 for the year, resulting in total unrestricted funds of £135,611 carried forward. Per the trustees' report, the charity maintains unrestricted reserves of £10,100 in its savings bank account, which matches its stated policy target of at least three months of unrestricted payments equivalent to £10,000. The charity is qualified for statutory audit exemption as its income is below £500,000 and balance sheet total assets are less than £2.8m.
What the accounts disclose
“It is the Church’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments, equivalent to £10,000” — page 5
Trustees
- Ayo Johnson Emmanuel
- Dr Olajide Samuel Oluwasanmi
- ELIZABETH OLUREMI FAJUYIGBE
- HANNAH IWOLODE
- Margaret Adeola Ade-onojobi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £101k | £87k |
| 31/12/2023 | £112k | £92k |
| 31/12/2022 | £114k | £89k |
| 31/12/2021 | £100k | £97k |
| 31/12/2020 | £97k | £82k |
Common questions
Is Great Beauty Tabernacle financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £14,120 for the year, resulting in total unrestricted funds of £135,611 carried forward. Per the trustees' report, the charity maintains unrestricted reserves of £10,100 in its savings bank account, which matches its stated policy target of at least three months of unrestricted payments equivalent to £10,000. The charity is qualified for statutory audit exemption as its income is below £500,000 and balance sheet total assets are less than £2.8m. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 23/09/2020 | £10k | Coronavirus Community Support Fund |