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OLIVET ASSEMBLY

Registered charity 1163688 · accounts filings on the Charity Commission register · also known as OA

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Latest income
£1.2m
Latest spending
£895k
Registered
2015
Accounts read
FY2025

Financial health, per its FY2025 accounts

The accounts state that consolidated income decreased to £1,215,906 from £1,301,943 in the prior year, while consolidated expenditure fell to £895,498. The charity reports a surplus in free reserves of £71,408, which is below its stated policy target of £200k-225k, although unrestricted funds remain high at £1,865,577. The trustees note that the charity is in a stronger financial position following the full repayment of secured borrowing against Pilgrim Hall.

What the accounts disclose

Reserves policy: three months of expenditure (held: £1.9m)
“The target level of free reserves of at least 3 months of expenditure is equivalent to £200k-225k, which is achieved by the free reserves held.” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Related-party transaction: Donations from World Olivet Assembly (USA)
“The total donations received from WOA in the year was £475,734 (2024: £480,414). There were no debtors (2024: £nil) or creditors (2024: £nil) at the year end. There were no other transactions with WOA during the year.”
Per its FY2025 accounts as filed with the Charity Commission.
Trading subsidiary: Global London College
“On 5 May 2020, the charity acquired in cash, 100% of the share capital of a company, Global London College” — page 14
Per its FY2025 accounts as filed with the Charity Commission.

Accounts audited by BK Plus Audit Limited. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/08/2025)

Total income
£1.2m
Total spending
£895k
Cost of raising funds
£134k
Reserves (reported)
£71k
Employees
10

Reported reserves equal ~1.0 months of spending — in the bottom quarter for charities its size (median 4.8 months; benchmarks).

Trustees

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

Operates in: Camden · East Sussex

Income and spending

Financial year endIncomeSpending
31/08/2025£1.2m£895k
31/08/2024£1.3m£923k
31/08/2023£995k£1.0m
31/08/2022£713k£710k
31/08/2021£789k£597k

Common questions

Is OLIVET ASSEMBLY financially healthy?

The accounts state that consolidated income decreased to £1,215,906 from £1,301,943 in the prior year, while consolidated expenditure fell to £895,498. The charity reports a surplus in free reserves of £71,408, which is below its stated policy target of £200k-225k, although unrestricted funds remain high at £1,865,577. The trustees note that the charity is in a stronger financial position following the full repayment of secured borrowing against Pilgrim Hall. Its FY2025 accounts were audited by BK Plus Audit Limited.