UNITED SHALOM PENTECOSTAL CHURCH LTD
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £43,519 for the year ended 30 September 2024, with unrestricted reserves increasing to £216,375. The trustees report a policy to maintain reserves equating to at least six months of unrestricted payments per church, and the current balance appears sufficient to meet this target given the total unrestricted funds. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts or accounting records.
What the accounts disclose
“It is a policy of the charity to maintain a balance per church on unrestricted funds equating to at least 6 months unrestricted payments and overheads per church.” — page 5
Trustees
- AJU BABY
- BYJU EASO
- MATHEW VARGHESE
- Mathai Varghese
- PHILIP VARGHESE
- SOJAN MATHEW
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £224k | £158k |
| 30/09/2024 | £215k | £172k |
| 30/09/2023 | £118k | £125k |
| 30/09/2022 | £84k | £64k |
| 30/09/2021 | £80k | £65k |
Common questions
Is UNITED SHALOM PENTECOSTAL CHURCH LTD financially healthy?
The accounts state that the charity generated a surplus of £43,519 for the year ended 30 September 2024, with unrestricted reserves increasing to £216,375. The trustees report a policy to maintain reserves equating to at least six months of unrestricted payments per church, and the current balance appears sufficient to meet this target given the total unrestricted funds. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts or accounting records. Its FY2024 accounts were independently examined.
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