IGLESIA NI CRISTO (CHURCH OF CHRIST)
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £11,268 for the year ended 31 December 2023, with total reserves carried forward amounting to £22,645,823. The trustees confirm that unrestricted funds are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to continue activities should funding drop significantly. The independent auditors reported no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The policy of the CIO remains that unrestricted funds not designated for a specific use should be maintained at a level equivalent to between three and six months expenditures.” — page 5
“During the year, grants amounting to £2,240,176 (2022: £3,025,097) were made to other Iglesia Ni Cristo organisations.” — page 23
Leadership, per the charity’s website
- Eduardo V. Manalo — Executive Minister
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (13/11/2024)
Trustees
- Angelo Erano Ventura Manalo
- BIENVENIDO CASANOVA SANTIAGO
- DOROTHY KRISTINE MANALO OROSA
- EDUARDO VILLANUEVA MANALO
- ERNESTO VILLANUEVA SURATOS
- GERRY SISON
- Glicerio Pascual Santos IV
- HARLEY CARLOS ALCANTARA
- PEPITO YANGZON ACUESTA
- PHILIP NORMAN VELASQUEZ
- ROMEO ANTHONY YEE PENA
- VERNON JESUS CUNANAN
- Voltaire Arsenio Arceta Tamisin
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £7.2m | £4.4m |
| 31/12/2023 | £5.9m | £5.9m |
| 31/12/2022 | £5.9m | £5.7m |
| 31/12/2021 | £6.1m | £4.1m |
| 31/12/2020 | £10.0m | £8.5m |
Common questions
Is IGLESIA NI CRISTO (CHURCH OF CHRIST) financially healthy?
The accounts state that the charity reported a net expenditure of £11,268 for the year ended 31 December 2023, with total reserves carried forward amounting to £22,645,823. The trustees confirm that unrestricted funds are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to continue activities should funding drop significantly. The independent auditors reported no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2023 accounts were audited by Albury Associates Limited.
Who funds IGLESIA NI CRISTO (CHURCH OF CHRIST)?
Funders whose own accounts filings name IGLESIA NI CRISTO (CHURCH OF CHRIST) as a grant recipient include IGLESIA NI CRISTO (CHURCH OF CHRIST).
Shared trustees with funders
- Angelo Erano Ventura Manalo — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- BIENVENIDO CASANOVA SANTIAGO — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- DOROTHY KRISTINE MANALO OROSA — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- EDUARDO VILLANUEVA MANALO — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- ERNESTO VILLANUEVA SURATOS — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- GERRY SISON — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- Glicerio Pascual Santos IV — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- HARLEY CARLOS ALCANTARA — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- PEPITO YANGZON ACUESTA — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
- PHILIP NORMAN VELASQUEZ — trustee here and at IGLESIA NI CRISTO (CHURCH OF CHRIST)
Known funders
| Funder | Year | Amount |
|---|---|---|
| IGLESIA NI CRISTO (CHURCH OF CHRIST) | FY2022 | £3.0m |
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| SANTANDER UK FOUNDATION LIMITED | 1 | £41k |
| THE FYRISH FOUNDATION | 1 | £10k |
| REDEEMER CHURCH CHESTER LE STREET | 1 | £9k |
| THE BENHAM CHARITABLE SETTLEMENT | 1 | £5k |