LIFELINE GLOBAL MINISTRIES
Holding regular worship services in the community to promote the public benefit of the christian faith.
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted reserves of £11,194, which is below the stated policy target of three months of unrestricted expenditure. The net assets are negative at £-12,758, primarily due to a Bounce Back Loan liability of £27,500, although the trustees report that costs have been well managed and the charity is in a good position to manage its costs.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.” — page 4
Trustees
- WILLIAM ACQUAHchair
- GEMMA ACQUAH
- Orencia Parry
- Rev ALEXANDER NTOW AMPOFO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £48k | £42k |
| 31/03/2024 | £73k | £46k |
| 31/03/2023 | £32k | £43k |
| 31/03/2022 | £35k | £34k |
| 31/03/2021 | £30k | £66k |
Common questions
Is LIFELINE GLOBAL MINISTRIES financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted reserves of £11,194, which is below the stated policy target of three months of unrestricted expenditure. The net assets are negative at £-12,758, primarily due to a Bounce Back Loan liability of £27,500, although the trustees report that costs have been well managed and the charity is in a good position to manage its costs. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 22/10/2020 | £10k | feeding the homeless and heart to mind Mental well being |
| UK government | 28/08/2020 | £10k | Coronavirus Community Support Fund |