CITY CHAPEL
The Charity's activities includes:1. Advancement of Religion, and2. Relief of Poverty
Financial health, per its FY2024 accounts
The accounts state that the charity incurred a net expenditure of £5,583 for the year, resulting in a decrease in total unrestricted funds from £33,457 to £27,874. The trustees report that the Methodist church notified City Chapel of a substantial rental increase, prompting negotiations and a search for a new venue. Despite the deficit, the charity maintains positive net current assets of £21,878.
What the accounts disclose
Trustees
- DAVID ADENIYI
- FOLASADE OMOTOSHO
- MARIA ADEJOKE OPANIRAN
- OLABISI OLAJUMOKE OLONISAKIN
- OMOTOYOSI SANUSI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £123k | £129k |
| 30/11/2023 | £105k | £95k |
| 30/11/2022 | £122k | £114k |
| 30/11/2021 | £70k | £64k |
| 30/11/2020 | £89k | £73k |
Common questions
Is CITY CHAPEL financially healthy?
Per its FY2024 accounts: The accounts state that the charity incurred a net expenditure of £5,583 for the year, resulting in a decrease in total unrestricted funds from £33,457 to £27,874. The trustees report that the Methodist church notified City Chapel of a substantial rental increase, prompting negotiations and a search for a new venue. Despite the deficit, the charity maintains positive net current assets of £21,878. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 03/04/2020 | £10k | NewHamTogetherness |