BETHEL MINISTRIES UK
Christian Religious activitiesCommunity development Charity activities
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £38,274, exceeding the trustees' policy target of covering 3 to 6 months of expenditure. The charity reported a net incoming resource of £11,035 for the year, funded primarily by tithes and offerings, with no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“The Trustee's policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended.” — page 5
Trustees
- Dr Osarugue Itohan Adeyemi
- Kehinde Ojewumi
- Olayemi Alafifuni
- Oluwafemi O Mustafa
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £53k | £42k |
| 31/12/2023 | £50k | £41k |
| 31/12/2022 | £39k | £39k |
Common questions
Is BETHEL MINISTRIES UK financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £38,274, exceeding the trustees' policy target of covering 3 to 6 months of expenditure. The charity reported a net incoming resource of £11,035 for the year, funded primarily by tithes and offerings, with no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were independently examined.