HIGH PRAISE CHAPEL
To advance the Christian Faith in accordance with the Statement of Beliefs in such ways as the trustees from time to time may think fit.It is also the purpose of this charity to serve the needs of various social groups within and outside the church. The charity provides a forum for empowerment and development for its members to be equipped educationally, socially and spiritually.
Objects
TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN SUCH WAYS AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £1,370 for the year ended 31 December 2024, resulting in total unrestricted funds decreasing from £9,505 to £8,135. The trustees report that the charity has seen growth in giving and maintains sufficient cash funds to ensure sustainability, with no restricted funds operated.
What the accounts disclose
“The main source of income is from tithes, offerings and donations from members.” — page 4
“The Trustees have decided to spend as much money as possible on furthering the core objects of the charity whilst maintaining sufficient cash funds to ensure the sustainability of the charity.” — page 5
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- 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
Trustees
- Simeon Yamoah-Owusuchair
- Preethika De Alwis
- Rev Stephen Okyere
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £56k | £57k |
| 31/12/2023 | £53k | £50k |
| 31/12/2022 | £42k | £42k |
| 31/12/2021 | £32k | £40k |
| 31/12/2020 | £22k | £8k |
Common questions
Is HIGH PRAISE CHAPEL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £1,370 for the year ended 31 December 2024, resulting in total unrestricted funds decreasing from £9,505 to £8,135. The trustees report that the charity has seen growth in giving and maintains sufficient cash funds to ensure sustainability, with no restricted funds operated. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| UK government | 22/09/2020 | £10k | Coronavirus Community Support Fund |