PRECIOUS SIGHT FOUNDATION
Other education not elsewhere classified and other human health activities
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net incoming resource of £8,912 for the year ended 31 December 2024, resulting in total unrestricted funds of £39,366. The trustees confirm that the charity is not subject to audit and is eligible for independent examination, with no material uncertainties regarding going concern identified. The charity relies on voluntary donations for funding and maintains reserves equivalent to the average cost of two mission trips.
What the accounts disclose
“The trustees aim to maintain unrestricted funds which have not been designated for a specific use at a level equivalent to the average cost of two mission trips.” — page 3
Trustees
- KEMI SALAMIchair
- Adeola Adebonojo
- Christiana Dinah
- Kehinde Sofowora
- OLUBUNMI ODULAJA
- OYINADE ADEYINKA OLUSANYA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £148k | £139k |
| 31/12/2023 | £115k | £121k |
| 31/12/2022 | £100k | £100k |
| 31/12/2021 | £41k | £47k |
| 31/12/2020 | £53k | £40k |
Common questions
Is PRECIOUS SIGHT FOUNDATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net incoming resource of £8,912 for the year ended 31 December 2024, resulting in total unrestricted funds of £39,366. The trustees confirm that the charity is not subject to audit and is eligible for independent examination, with no material uncertainties regarding going concern identified. The charity relies on voluntary donations for funding and maintains reserves equivalent to the average cost of two mission trips. Its FY2024 accounts were independently examined.