HARRINGAY UNITED CHURCH-BAPTIST
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net loss of £4,036 for the year ended 31 March 2024, resulting in total funds carried forward of £1,965,614. The trustees maintain a reserves policy to hold unrestricted funds equivalent to approximately three months of committed expenditure, estimated at £36,000. The independent examiner noted that while lapses in expenditure approval and related party transactions occurred, these were rectified by the trustees.
What the accounts disclose
“It is the policy of the charity to retain unrestricted funds at a level, which equates to approximately 3 months of its committed expenditure at an estimated amount of £36,000.”
“Except for the lapses found in the area of expenditure approval and related party transactions but the Trustees were quick to rectify the issues and necessary measures are now in place.” — page 8
“Mr Ojuri, is the husband of Mrs Ojuri who is the owner and director of Eagle Nursery Ltd. Eagle Nursery is a tenant of the church, using the church hall. The unpaid reviewed rent outstanding at the end of the year was £11,080” — page 17
“Reverend Frederick Onwuchekwa is the church pastor and is also a trustee of the charity. His renumeration and pastoral expenses are duly approved and paid by the church.” — page 17
“Mr Ojuri, is the husband of Mrs Ojuri who is the owner and director of Eagle Nursery Ltd. Eagle Nursery is a tenant of the church, using the church hall. The unpaid reviewed rent outstanding at the end of the year was £11,080” — page 17
“Reverend Frederick Onwuchekwa is the church pastor and is also a trustee of the charity. His renumeration and pastoral expenses are duly approved and paid by the church.” — page 17
“Mr Ojuri, is the husband of Mrs Ojuri who is the owner and director of Eagle Nursery Ltd. Eagle Nursery is a tenant of the church, using the church hall. The unpaid reviewed rent outstanding at the end of the year was £11,080” — page 17
“Reverend Frederick Onwuchekwa is the church pastor and is also a trustee of the charity. His renumeration and pastoral expenses are duly approved and paid by the church.” — page 17
“Except for the lapses found in the area of expenditure approval and related party transactions but the Trustees were quick to rectify the issues and necessary measures are now in place.” — page 8
Trustees
- Rev FREDERICK ONWUCHEKWAchair
- Atim Abrams
- Dorothy Natoro
- FRANCK BEHI
- Joyce Balesa
- NNEKA KEAZOR
- Samuel Adeyeri
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £140k | £166k |
| 31/03/2024 | £141k | £145k |
| 31/03/2023 | £151k | £193k |
| 31/03/2022 | £159k | £210k |
| 31/03/2021 | £133k | £137k |
Common questions
Is HARRINGAY UNITED CHURCH-BAPTIST financially healthy?
The accounts state that the charity reported a net loss of £4,036 for the year ended 31 March 2024, resulting in total funds carried forward of £1,965,614. The trustees maintain a reserves policy to hold unrestricted funds equivalent to approximately three months of committed expenditure, estimated at £36,000. The independent examiner noted that while lapses in expenditure approval and related party transactions occurred, these were rectified by the trustees. Its FY2024 accounts were independently examined.