SANCTUARY OF PRAISE MINISTRIES
? Providing sacred space for personal prayer and contemplation ? Conducting pastoral work including visiting the sick and the bereaved? Teaching Christianity through sermons, courses and small groups? Promoting the whole mission of the church through activities for senior citizens, parents and toddlers? Support members on low income on rents, school fees and meals etc.
Financial health, per its FY2025 accounts
The accounts state that the charity prepared its financial statements on a receipt and payments basis because it is not required to file with the Charity Commission as a small charity. Per the trustees' report, unrestricted funds increased from £28,604 to £29,255, driven by voluntary income of £57,781 against total expenditure of £57,130. The charity holds £6,340 in cash at bank and has tangible fixed assets valued at £25,545.
What the accounts disclose
Trustees
- Oluwatimilehin Ogundipe
- Pastor Emmanuel Ajayi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/02/2025 | £58k | £57k |
| 29/02/2024 | £49k | £48k |
| 28/02/2023 | £61k | £51k |
| 28/02/2022 | £51k | £50k |
| 28/02/2021 | £63k | £55k |
Common questions
Is SANCTUARY OF PRAISE MINISTRIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity prepared its financial statements on a receipt and payments basis because it is not required to file with the Charity Commission as a small charity. Per the trustees' report, unrestricted funds increased from £28,604 to £29,255, driven by voluntary income of £57,781 against total expenditure of £57,130. The charity holds £6,340 in cash at bank and has tangible fixed assets valued at £25,545. Its FY2025 accounts were independently examined.