NEW BREED CHRISTIAN PALACE
Religious activities, empowerments and training and other charitable purposes
Latest income
£44k
Latest spending
£44k
Registered
2016
Accounts read
FY2025
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net deficit of £3,944.02 as of 31 May 2025, resulting in negative free reserves. The trustees confirmed that assets are available and adequate to fulfill obligations, and no material weaknesses in internal control were identified.
What the accounts disclose
Reserves position: below the charity's own stated reserves policy (held: £-4k)
“Free reserves of the charity are represented by its unrestricted funds less the net book value of its assets. As at 31 May 2025, these amounted to -£3944.02” — page 5
Per its FY2025 accounts as filed with the Charity Commission.
Trustees
- REV YEMMY ADEBAMBIchair
- Abiodun Oluwasola
- Mary adenike Dare
- Modupe Bajulaiye
- Rev Clement Ule
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £44k | £44k |
| 31/05/2024 | £60k | £62k |
| 31/05/2023 | £58k | £56k |
| 31/05/2022 | £15k | £23k |
| 31/05/2021 | £60k | £57k |
Common questions
Is NEW BREED CHRISTIAN PALACE financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net deficit of £3,944.02 as of 31 May 2025, resulting in negative free reserves. The trustees confirmed that assets are available and adequate to fulfill obligations, and no material weaknesses in internal control were identified.