THE RESTORATION INTERNATIONAL DIVINE CHURCH (PALACE OF TESTIMONY)
Advancement of christian religion Community outreach events. Provision of welfare support to members. Provision of support to other charities. Conferences and Events.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net incoming resource of £5,239 for the year ended 31st May 2025, resulting in total funds carried forward of £78,825. The trustees have established a reserves policy target of three months of annual expenditure, though the specific free reserves figure is not explicitly broken out in the provided text. The financial statements were subject to an independent examination rather than a full audit.
What the accounts disclose
“The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.” — page 3
Trustees
- OLOWOFELA EBENEZER LANREchair
- Christina Yemi James
- GRACE OYEYEMI
- KOSOMOLATE SOLA GABRIEL
- Modebola Franklin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 28/05/2025 | £51k | £46k |
| 28/05/2024 | £49k | £35k |
| 28/05/2023 | £68k | £35k |
| 28/05/2022 | £47k | £33k |
| 28/05/2021 | £20k | £31k |
Common questions
Is THE RESTORATION INTERNATIONAL DIVINE CHURCH (PALACE OF TESTIMONY) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net incoming resource of £5,239 for the year ended 31st May 2025, resulting in total funds carried forward of £78,825. The trustees have established a reserves policy target of three months of annual expenditure, though the specific free reserves figure is not explicitly broken out in the provided text. The financial statements were subject to an independent examination rather than a full audit. Its FY2025 accounts were independently examined.