KICC PRAISE TABERNACLE
Advancement of the Christian religion. The furtherance of the charitable work of the charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide.
Financial health, per its FY2025 accounts
The accounts state that the charity recorded an operating surplus of £129,004 for the year ended 30 June 2025, with total unrestricted funds increasing to £319,918. The charity holds a designated reserve of £3,820 and aims to retain sufficient reserves to cover a minimum of £50,000 to meet its commitments. The financial position is supported by tangible fixed assets valued at £666,539, including a property undergoing refurbishment, against significant long-term liabilities of £365,744.
What the accounts disclose
“The charity aims to retain sufficient reserves to ensure it meets its commitments to providing its services and activities. These reserves are designed to cover a minimum of £50,000.” — page 4
Property (HM Land Registry)
Trustees
- Charles Clarke
- MODUPE KAYODE FALEBITA
- ROBERT KUT
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £258k | £129k |
| 30/06/2024 | £132k | £91k |
| 30/06/2023 | £111k | £76k |
| 30/06/2022 | £79k | £55k |
| 30/06/2021 | £71k | £33k |
Common questions
Is KICC PRAISE TABERNACLE financially healthy?
Per its FY2025 accounts: The accounts state that the charity recorded an operating surplus of £129,004 for the year ended 30 June 2025, with total unrestricted funds increasing to £319,918. The charity holds a designated reserve of £3,820 and aims to retain sufficient reserves to cover a minimum of £50,000 to meet its commitments. The financial position is supported by tangible fixed assets valued at £666,539, including a property undergoing refurbishment, against significant long-term liabilities of £365,744. Its FY2025 accounts were independently examined.