MELODY TABERNACLE

Registered charity 1141363 · accounts filings on the Charity Commission register

The advancement of the Christian faith worldwideThe relief of poverty

Causes: Education/training · The Prevention Or Relief Of Poverty · Religious Activities · Get email alerts

Latest income
£70k
Latest spending
£66k
Registered
2011
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that the charity reported a net surplus of £4,471 for the year ended 31 March 2025, bringing total unrestricted funds to £8,241. However, the balance sheet reveals a significant negative net current asset position of (£58,759), driven largely by creditors including a £34,500 loan. The trustees acknowledge the volatile nature of funding and the economic downturn, noting that they are working towards building up reserves to mitigate future funding decline.

Automated summary of the FY2025 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Largest income source: none
In the year to 31 March 2025 the total income was £70290 including the borrowed loan of £34,500 from Anchor Consult Ltd ( Mr Abiodun Adedeji-Iyiola). — page 4
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Loan from related party
The sum of £34500 borrowed from Anchor Consult Ltd (Mr Abiodun Adedeji-Iyiola) — page 10
Per its FY2025 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit). Discloses 3 of 6 completeness components.

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (0 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Trustees · trustee networks

Trustee list from the Charity Commission register (current, not historical).

Operates in: Kent

Income and spending

Financial year endIncomeSpending
31/03/2025£70k£66k
31/03/2024£56k£57k
31/03/2023£106k£156k
31/03/2022£53k£196k
31/03/2021£46k£15k

Common questions

Is MELODY TABERNACLE financially healthy?

Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £4,471 for the year ended 31 March 2025, bringing total unrestricted funds to £8,241. However, the balance sheet reveals a significant negative net current asset position of (£58,759), driven largely by creditors including a £34,500 loan. The trustees acknowledge the volatile nature of funding and the economic downturn, noting that they are working towards building up reserves to mitigate future funding decline. Its FY2025 accounts were independently examined.