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.
Objects
THE ADVANCEMENT OF CHRISTIAN FAITH IN THE COMMUNITY
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
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
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.