FOUNTAIN OF WISDOM MINISTRIES
Financial health, per its FY2023 accounts
The accounts state that the charity maintained a positive cash flow throughout 2023 and increased overall income by 3.6% compared to the previous year. However, expenses rose by 13.5%, and contingency funds fell below the charity's stated policy target of four months' expenditure. The trustees remain confident in fulfilling financial commitments and report no material uncertainties regarding going concern.
What the accounts disclose
“Whilst this policy is still in place, contingency funds have fallen below this threshold.” — page 6
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 |
|---|---|---|
| 31/12/2024 | £296k | £264k |
| 31/12/2023 | £269k | £262k |
| 31/12/2022 | £260k | £231k |
| 31/12/2021 | £276k | £218k |
| 31/12/2020 | £195k | £183k |
Common questions
Is FOUNTAIN OF WISDOM MINISTRIES financially healthy?
The accounts state that the charity maintained a positive cash flow throughout 2023 and increased overall income by 3.6% compared to the previous year. However, expenses rose by 13.5%, and contingency funds fell below the charity's stated policy target of four months' expenditure. The trustees remain confident in fulfilling financial commitments and report no material uncertainties regarding going concern. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| WISDOM HOSPICE SUPPORT | 1 | £90k |
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE FYRISH FOUNDATION | 1 | £10k |
| THE THOMAS J HORNE MEMORIAL TRUST | 1 | £8k |
| THE WILLIE AND MABEL MORRIS CHARITABLE TRUST | 1 | £500 |