Charity Accounts Intelreading the accounts so you don’t have to

LIFEGRACE MINISTRIES INTERNATIONAL

Registered charity 1149164 · accounts filings on the Charity Commission register

HOLDING REGULAR WORSHIP SERVICES IN THE COMMUNITY TO PROMOTE THE PUBLIC BENEFIT OF SPIRITUAL ENRICHMENT THROUGH PRACTICING THE PRINCIPLES OF THE CHRISTIAN FAITH.

Causes: General Charitable Purposes · Education/training · Overseas Aid/famine Relief · Religious Activities · Other Charitable Purposes · website · Get email alerts

Latest income
£404k
Latest spending
£375k
Registered
2012
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted funds total £21,221, which is below the charity's stated policy target of maintaining reserves equal to three months of unrestricted expenditure. The charity reported a net movement in funds of £28,678 for the year, resulting in a positive net asset position after previously holding negative funds.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Highest-paid employee band: £15,000 — below the median for charities its size (£60k)
“The trustee Rev Vitalis Odumma received emoluments of £15000 for providing pastoral services to the organisation.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Reserves position: below the charity's own stated reserves policy (held: £21k; policy: three months of unrestricted expenditure)
“It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.” — page 4
Per its FY2024 accounts as filed with the Charity Commission.
Payments to trustees: Rev Vitalis Odumma received £15,000 for pastoral services.
“The trustee Rev Vitalis Odumma received emoluments of £15000 for providing pastoral services to the organisation.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: 7 Staff Costs
“The trustee Rev Vitalis Odumma received emoluments of £15000 for providing pastoral services to the organisation.” — page 11
Per its FY2024 accounts as filed with the Charity Commission.

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

Trustees · trustee networks

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

Operates in: Croydon · Lambeth · Nigeria

Income and spending

Financial year endIncomeSpending
31/12/2024£404k£375k
31/12/2023£335k£340k
31/12/2022£121k£114k
31/12/2021£90k£86k
31/12/2020£114k£111k

Common questions

Is LIFEGRACE MINISTRIES INTERNATIONAL financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted funds total £21,221, which is below the charity's stated policy target of maintaining reserves equal to three months of unrestricted expenditure. The charity reported a net movement in funds of £28,678 for the year, resulting in a positive net asset position after previously holding negative funds. Its FY2024 accounts were independently examined.

What does the highest-paid employee of LIFEGRACE MINISTRIES INTERNATIONAL earn?

Per its FY2024 accounts, the highest-paid employee was in the £15,000 band.

Government & lottery funding

Grants to this charity published as open data by government and lottery funders (360Giving).

FunderDateAmountPurpose
UK government10/08/2020£10kCoronavirus Community Support Fund