EVANGELICAL CHURCH OF YAHWEH
Provision of services for the spiritual development and training of members.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £13,240 for the year ended 31 December 2024, reducing its total unrestricted funds from £179,025 to £165,785. The trustees confirm that reserves are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to continue activities in the event of a significant drop in funding. The financial statements were subject to an independent examination rather than a full audit.
What the accounts disclose
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 3
Trustees
- Joshua Olabayo
- Mary Kayode
- Michael Olafioye
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £44k | £58k |
| 31/12/2023 | £48k | £96k |
| 31/12/2022 | £59k | £53k |
| 31/12/2021 | £77k | £55k |
| 31/12/2020 | £65k | £50k |
Common questions
Is EVANGELICAL CHURCH OF YAHWEH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £13,240 for the year ended 31 December 2024, reducing its total unrestricted funds from £179,025 to £165,785. The trustees confirm that reserves are maintained at a level equivalent to between three and six months of expenditure, which they consider sufficient to continue activities in the event of a significant drop in funding. The financial statements were subject to an independent examination rather than a full audit. Its FY2024 accounts were independently examined.