HOUSE OF PRAISE TRUST
The main activity of our charity is to advance the Christian faith particularly in London and at the discretion of the Trustees elsewhere in the United Kingdom or the world. We also aim to (i) relieve persons in need or hardship or who are aged or sick; (ii) advance education and (iii) undertake and fulfil such other charitable activities and purposes for the benefit of the community.
Objects
(1) THE RELIEF OF PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP OR WHO ARE AGED OR SICK INCLUDING BUT NOT LIMITED TO THE DISTRIBUTION OF WELFARE AID/PAYMENTS TO ALLEVIATE THE POOR AND OR SUFFERING;(2) TO ADVANCE THE CHRISTIAN FAITH IN LONDON AND AT THE DISCRETION OF THE TRUSTEES ELSEWHERE IN THE UNITED KINGDOM OR THE WORLD, IN ACCORDANCE WITH THE FOLLOWING STATEMENT OF BELIEFS:A) THE SOVEREIGNTY AND GRACE OF GOD THE FATHER GOD THE SON AND GOD THE HOLY SPIRIT IN CREATION PROVIDENCE REVELATION REDEMPTION AND FINAL JUDGEMENT;B) THE DIVINE INSPIRATION OF HOLY SCRIPTURE AND ITS CONSEQUENT ENTIRE TRUSTWORTHINESS AND SUPREME AUTHORITY IN ALL MATTERS OF FAITH AND CONDUCT:C) THE UNIVERSAL SINFULNESS AND GUILT OF FALLEN MAN MAKING HIM SUBJECT TO GOD'S WRATH AND CONDEMNATION;D) THE SUBSTITUTIONARY SACRIFICE OF THE INCARNATE SON OF GOD AS THE SOLE AND ALL-SUFFICIENT GROUND OF REDEMPTION FROM THE GUILT AND POWER OF SIN AND FROM ITS ETERNAL CONSEQUENCES;E) THE JUSTIFICATION OF THE SINNER SOLELY BY THE GRACE OF GOD THROUGH FAITH IN CHRIST CRUCIFIED AND RISEN FROM THE DEAD;F) THE ILLUMINATING REGENERATING INDWELLING AND SANCTIFYING WORK OF GOD THE HOLY SPIRIT;G) THE PRIESTHOOD OF ALL BELIEVERS WHO FORM THE UNIVERSAL CHURCH THE BODY OF WHICH CHRIST IS THE HEAD AND WHICH IS COMMITTED BY HIS COMMAND TO THE PROCLAMATION OF THE GOSPEL THROUGHOUT THE WORLD;H) THE EXPECTATION OF THE PERSONAL VISIBLE RETURN OF THE LORD JESUS CHRIST IN POWER AND GLORY;I) MARRIAGE IS ORDAINED BY GOD FOR THE LIFELONG RELATIONSHIP BETWEEN ONE MAN AS HUSBAND AND ONE WOMAN AS WIFE. IT IS THE MOST INTIMATE OF HUMAN RELATIONSHIPS, A SACRED AND HOLY INSTITUTION, AND SHOULD BE HONOURED BY ALL.(3) TO RELIEVE, PERSONS WHO ARE IN CONDITIONS OF NEED OR HARDSHIP OR WHO ARE AGED OR SICK AND TO RELIEVE THE DISTRESS CAUSED THEREBY IN PARTICULAR IN THE SAID CITY AND AT THE DISCRETION OF THE TRUSTEES ELSEWHERE IN THE UNITED KINGDOM OR THE WORLD(4) TO ADVANCE EDUCATION AND TRAINING FOR EMPLOYMENT AND IN PARTICULAR AMONGST REFUGEES IN LONDON AND ELSEWHERE IN THE UNITED KINGDOM(5) TO UNDERTAKE AND FULFIL SUCH OTHER CHARITABLE ACTIVITIES AND PURPOSES FOR THE BENEFIT OF THE COMMUNITY IN THE SAID CITY AS THE TRUSTEES MAY FROM TIME TO TIME THINK FIT
Financial health, per its FY2024 accounts
The accounts state that unrestricted free reserves stood at £201,492, which is below the trustees' stated policy target of three months of annual expenditure. The charity reported a net movement in funds of £(244,737) for the year, resulting in total net assets of £6,116,474, with significant tangible fixed assets held.
What the accounts disclose
“The charity's free reserve has increased to £201,492 (2023 - £NIL), however the trustees recognise that the current level of free reserve does not reach the above target” — page 7
“During the period, the charity paid Pastor Andrew Adeleke (Senior Pastor), who is the spouse of the Chief Executive and trustee (Pastor Olayemi Adeleke) £60,000 (2023 - £60,000) for use of his home as vicarage.” — page 39
“During the year Eden Group, a business owned by the son of one of the directors (Pastor Olayemi Mojibola Adeleke), charged the company £99,627 (2023 - £98,762) in commission for managing the hall hiring process.” — page 39
“During the period, the charity paid Pastor Andrew Adeleke (Senior Pastor), who is the spouse of the Chief Executive and trustee (Pastor Olayemi Adeleke) £60,000 (2023 - £60,000) for use of his home as vicarage.” — page 39
“During the year Eden Group, a business owned by the son of one of the directors (Pastor Olayemi Mojibola Adeleke), charged the company £99,627 (2023 - £98,762) in commission for managing the hall hiring process.” — page 39
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Investment
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/12/2025)
Register events
- Received assets from another charity (29/01/2018)
Trustees
- SOLOMON ADEBOWALE ADEGOKEchair
- BABATUNDE SOFOWORA
- DAVID MAKOYAWO
- Folake Kehinde Ogunmekan
- OLAKUNLE EMMANUEL FALODUN
- OLUKAYODE OLAWODE
- Odunitan Oluranti Orioke
- Olayemi Mojibola Adeleke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £1.7m | £1.5m |
| 31/12/2024 | £1.7m | £2.0m |
| 31/12/2023 | £1.7m | £1.5m |
| 31/12/2022 | £1.6m | £1.3m |
| 31/12/2021 | £1.1m | £1.2m |
Common questions
Is HOUSE OF PRAISE TRUST financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted free reserves stood at £201,492, which is below the trustees' stated policy target of three months of annual expenditure. The charity reported a net movement in funds of £(244,737) for the year, resulting in total net assets of £6,116,474, with significant tangible fixed assets held. Its FY2024 accounts were audited by Stephen Michael Associates.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE LONDON BAPTIST ASSOCIATION | 1 | £24k |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAUL WITH ST LUKE FINCHLEY | 1 | £923 |
Charities like this
- PRAISE TABERNACLE
- PRAISE CHAPEL
- JEHOVAH JIREH HOUSE OF PRAYER
- CITY PRAISE CENTRE CIO
- INTERNATIONAL PRAISE CENTRE
- THE CHRISTIAN CARE TRUST
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| HOUSE OF PRAISE TRUST | £1.7m | — | — | below | — | no doubt |
| PRAISE TABERNACLE | £447k | — | 0 | unclear | — | no doubt |
| PRAISE CHAPEL | £569k | — | — | unclear | — | no doubt |
| JEHOVAH JIREH HOUSE OF PRAYER | £213k | — | 0 | above | — | no doubt |
| CITY PRAISE CENTRE CIO | £763k | — | 0 | unclear | — | no doubt |
| INTERNATIONAL PRAISE CENTRE | £762k | — | 0 | unclear | — | no doubt |