POWER OF FAITH ASSEMBLIES OF GOD
Our activities are Religious, we also help the needy for poverty alleviation. We visit the aged and also organise youth programmes for the youth in the Reading community.
Financial health, per its FY2024 accounts
The accounts state that total receipts for the year were £197,161, while total payments were £199,309, resulting in a net deficit of £2,148. The charity maintains unrestricted cash funds of £56,461, which exceeds its stated reserves policy target of £19,000. The filing notes that the main source of income is community donations and Gift Aid, which fund rent, salaries, and outreach programmes.
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 month’s unrestricted payments, equivalent to £19,000” — page 4
Trustees
- Dr FRANCIS OFFEHchair
- ISAAC KOFI OWUSU
- MS THELMA FIADJOE
- RICHARD BOAKYE OTI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £197k | £199k |
| 31/12/2023 | £202k | £166k |
| 31/12/2022 | £186k | £148k |
| 31/12/2021 | £92k | £98k |
| 31/12/2020 | £120k | £99k |
Common questions
Is POWER OF FAITH ASSEMBLIES OF GOD financially healthy?
Per its FY2024 accounts: The accounts state that total receipts for the year were £197,161, while total payments were £199,309, resulting in a net deficit of £2,148. The charity maintains unrestricted cash funds of £56,461, which exceeds its stated reserves policy target of £19,000. The filing notes that the main source of income is community donations and Gift Aid, which fund rent, salaries, and outreach programmes. Its FY2024 accounts were independently examined.