ELPIS MINISTRIES CIO
Preaching, teaching based on the Christian faith and relieving of poverty
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £56,396 for the year ended 31 March 2025, resulting in total net assets of £577,835. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis. The deficit was largely attributed to substantial loan interest, partially offset by residual donations from the predecessor charity.
What the accounts disclose
“During the period, the charity received donations of £22,177 (2024: £588,353) from of Elpis Ministries. During the period, the charity made payments to M Darteh (Trustee) totalling £20,923 (2024: £10,649). During the period, the charity made payments to O Oluwamuyiwa (Trustee) totalling £329 (2024: £Nil). During the period, the charity made payments to M Aboagye (Trustee) totalling £636 (2024: £Nil). The payments to trustees during the year relate to reimbursing expenses paid personally, as well as loan repayments.” — page 22
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/03/2024)
Trustees
- Christabel Akoto Aggrey
- Matthew Kojo Darteh
- Moira Aboagye
- Oladayo Oluwamuyiwa
- Sikangele Madziva
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £124k | £180k |
| 31/03/2024 | £800k | £93k |
Common questions
Is ELPIS MINISTRIES CIO financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £56,396 for the year ended 31 March 2025, resulting in total net assets of £577,835. The trustees confirmed that the charity has adequate resources to continue in operational existence for the foreseeable future, adopting the going concern basis. The deficit was largely attributed to substantial loan interest, partially offset by residual donations from the predecessor charity. Its FY2025 accounts were independently examined.