LIFE TRANSFORMATION CHURCH (NEWCASTLE UPON TYNE)
1. Pastoral Care - The Charity provides financial help, prayers and counselling to the needy2. Educational - activities for people of different persuasions, classes, cultures and race to learn about the Christian Faith3. Spirituality - is provided in the Christian context through worship, prayer and preaching4. Missions - The Charity is committed to missionary activities around the world
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating loss of £11,507 for the year ended 31 December 2024, with unrestricted funds decreasing from £85,509 to £74,002. Cash in bank at the end of the period was £7,811, and net assets totalled £74,002. The trustees confirmed the financial statements were prepared on a going-concern basis.
What the accounts disclose
Trustees
- Dr JULIUS FASHANU
- MAGRET CHATAIKA
- Michael Adeoye Adebayo
- PASTOR WINIFRED FASHANU
- ROBERT REEVES
- Rev PRE OVIA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £62k | £74k |
| 31/12/2023 | £85k | £85k |
| 31/12/2022 | £77k | £80k |
| 31/12/2021 | £50k | £51k |
| 31/12/2020 | £50k | £45k |
Common questions
Is LIFE TRANSFORMATION CHURCH (NEWCASTLE UPON TYNE) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating loss of £11,507 for the year ended 31 December 2024, with unrestricted funds decreasing from £85,509 to £74,002. Cash in bank at the end of the period was £7,811, and net assets totalled £74,002. The trustees confirmed the financial statements were prepared on a going-concern basis. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Heritage Fund | 04/12/2014 | £240k | "Life Transformation Church Elswick, re-ordering and refurbishment" |