FOUNTAIN OF WISDOM MINISTRIES
To encourage, enhance and support a better life experience based on Biblical principles for people who desire to do so.
Objects
TO FURTHER THE CHRISTIAN RELIGION
Financial health, per its FY2024 accounts
The charity reported a net incoming resource of £31,503 for the year, with total income increasing by 9.8% compared to the previous year. However, unrestricted reserves have fallen below the stated policy target of four months' expenditure, as contingency funds were used to support new programmes and equipment. The trustees remain confident in fulfilling financial commitments and maintaining positive cash flow.
What the accounts disclose
“contingency funds have fallen below this threshold” — page 6
Policies the charity declares
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Trustee expenses policy and procedures
Property (HM Land Registry)
Register events
- Received assets from another charity (14/11/2018)
Trustees
- Kudakwashe Judith Thadeotta Zireva
- OLUFUNKE EWUOSHO
- Robert Thanaraj
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £275k | £244k |
| 31/12/2024 | £296k | £264k |
| 31/12/2023 | £269k | £262k |
| 31/12/2022 | £260k | £231k |
| 31/12/2021 | £276k | £218k |
Common questions
Is FOUNTAIN OF WISDOM MINISTRIES financially healthy?
Per its FY2024 accounts: The charity reported a net incoming resource of £31,503 for the year, with total income increasing by 9.8% compared to the previous year. However, unrestricted reserves have fallen below the stated policy target of four months' expenditure, as contingency funds were used to support new programmes and equipment. The trustees remain confident in fulfilling financial commitments and maintaining positive cash flow. Its FY2024 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE CAMELLIA FOUNDATION | 1 | £78k |
Charities like this
- ETERNAL GLORIOUS FOUNTAIN MINISTRY
- TEMPLE OF FAITH MINISTRIES
- FOUNTAINS CHURCH BRADFORD
- FOUNTAIN GATE CHAPEL (HARLOW)
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT JOHN FARNCOMBE
- LIVING WISDOM WORD MINISTRY MILTON KEYNES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| FOUNTAIN OF WISDOM MINISTRIES | £275k | — | 0 | below | — | no doubt |
| ETERNAL GLORIOUS FOUNTAIN MINISTRY | £207k | — | 0 | unclear | — | no doubt |
| TEMPLE OF FAITH MINISTRIES | £144k | — | 0 | unclear | — | no doubt |
| FOUNTAINS CHURCH BRADFORD | £557k | — | 0 | unclear | — | no doubt |
| FOUNTAIN GATE CHAPEL (HARLOW) | £148k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT JOHN FARNCOMBE | £183k | — | 0 | unclear | — | noted |