ROTHERHITHE FREE CHURCH
1.TO ADVANCE THE CHRISTIAN FAITH; 2. TO USE THE TRUST PREMISES FOR CARRYING ON OF ANY RELIGIOUS EDUCATIONAL CHARITABLE MORAL OR PHILANTHROPIC INSTITUTION OR WORK; 3. TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP; 4. TRUSTEES' MUST USE THE INCOME AND MAY USE THE CAPITAL OF THE CHURCH TO PROMOTE ITS OBJECTS.
Financial health, per its FY2024 accounts
The accounts state that total funds decreased from £4,724,541 to £4,626,829 due to a net expenditure of £97,712 against income of £60,851. The trustees report that the charity's reserves policy target is set at £30,000, which is significantly below the actual unrestricted reserves of £4,626,829. The independent examiner confirmed that no material matters were identified that would cast doubt on the accounts' compliance or the charity's going concern status.
What the accounts disclose
“The income of the Church is derived predominantly from donations by the congregation. Total receipts for the year amounted to £60,851 (2023: £77,833)” — page 5
“The level of reserves required is set at £30,000”
Trustees
- FOLU OMILAJUchair
- Adetokunbo Omilaju
- Beatrice Musanya
- Ebunoluwa Omilaju
- Mojirade Sunmaila
- Mulenga Kangwa
- Opeyemi Sofoluke
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £61k | £159k |
| 31/12/2023 | £78k | £77k |
| 31/12/2022 | £70k | £59k |
| 31/12/2021 | £63k | £59k |
| 31/12/2020 | £58k | £66k |
Common questions
Is ROTHERHITHE FREE CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that total funds decreased from £4,724,541 to £4,626,829 due to a net expenditure of £97,712 against income of £60,851. The trustees report that the charity's reserves policy target is set at £30,000, which is significantly below the actual unrestricted reserves of £4,626,829. The independent examiner confirmed that no material matters were identified that would cast doubt on the accounts' compliance or the charity's going concern status. Its FY2024 accounts were independently examined.