KINGDOM AMBASSADORS CENTER
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income deficit of £335,306 for the year, resulting in unrestricted funds being carried forward as a negative balance of £126,212. Expenditure significantly exceeded incoming resources, driven largely by increased rent and building work costs. The trustees' report indicates a focus on restricting expenses to support growth and expansion initiatives.
What the accounts disclose
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Nelson Deanchair
- Abigail Baah
- Allen Caiquo
- Henri Anane
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £613k | £942k |
| 31/12/2023 | £272k | £163k |
| 31/12/2022 | £218k | £111k |
| 31/12/2021 | £103k | £34k |
| 31/12/2020 | £20k | £21k |
Common questions
Is KINGDOM AMBASSADORS CENTER financially healthy?
The accounts state that the charity reported a net income deficit of £335,306 for the year, resulting in unrestricted funds being carried forward as a negative balance of £126,212. Expenditure significantly exceeded incoming resources, driven largely by increased rent and building work costs. The trustees' report indicates a focus on restricting expenses to support growth and expansion initiatives. Its FY2024 accounts were independently examined.