LORD OF THE NATIONS CHURCH
1. General Charitable Purposes2. Education/Training3. Relief Poverty4. Overseas Famine Relief5. Religious Activities
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £21,030 for the year, with total income of £79,182 against expenditure of £58,806. However, the trustees note that unrestricted free reserves are currently at £23,657, which is significantly below their estimated realistic reserve requirement of £9,000, and they intend to increase reserves as quickly as possible. The charity relies on sessional rental premises and has identified a risk that reserves may be further depleted if not managed carefully.
What the accounts disclose
“Current Unrestricted Reserves account for 5% of this amount and it is the Trustees intention to increase Reserves to the current target level as quickly as possible.” — page 7
Trustees
- ANGELITO RONAchair
- ANGELICA CABRERA
- ANNALOU TURNER
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £80k | £59k |
| 31/12/2023 | £64k | £67k |
| 31/12/2022 | £56k | £61k |
| 31/12/2021 | £41k | £34k |
| 31/12/2020 | £36k | £30k |
Common questions
Is LORD OF THE NATIONS CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £21,030 for the year, with total income of £79,182 against expenditure of £58,806. However, the trustees note that unrestricted free reserves are currently at £23,657, which is significantly below their estimated realistic reserve requirement of £9,000, and they intend to increase reserves as quickly as possible. The charity relies on sessional rental premises and has identified a risk that reserves may be further depleted if not managed carefully. Its FY2024 accounts were independently examined.