CHAPEL OF LIFE
Financial health, per its FY2022 accounts
The accounts state that unrestricted funds totalled £469,349 at year-end, which the Trustees confirm is maintained at a level equivalent to between three and six months of expenditure in line with their reserves policy. The charity reported a net surplus for the year, increasing total net assets from £415,344 to £469,349, and the Trustees confirmed adequate resources for going concern.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month's expenditure.” — page 6
Corporate structure
- Registered company of the charity Companies House 09315818
Trustees
- OLUKAYODE ADEYINKA ADISAchair
- Anna Nwankwo
- MORENIKEJI OLUGBUYI
- Rev OMAWUMI MICHAEL EFUEYE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £290k | £261k |
| 30/11/2023 | £300k | £243k |
| 30/11/2022 | £271k | £217k |
| 30/11/2021 | £357k | £121k |
| 30/11/2020 | £234k | £144k |
Common questions
Is CHAPEL OF LIFE financially healthy?
The accounts state that unrestricted funds totalled £469,349 at year-end, which the Trustees confirm is maintained at a level equivalent to between three and six months of expenditure in line with their reserves policy. The charity reported a net surplus for the year, increasing total net assets from £415,344 to £469,349, and the Trustees confirmed adequate resources for going concern. Its FY2022 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CATALYST NETWORK OF CHURCHES | 1 | £613k |
| THE SACHS FOUNDATION | 1 | £383k |
| GATEWAY CHURCH ASHFORD | 1 | £8k |