Finance Score: 3

Governance Score: -3

Support Score: 0

Liabilities <10%: +3

Only 4 Trustees: -1
Narrow trustee age band: -2

Large volunteers +5

Overall GiG Score: 5

FESTIVAL OF LIFE

Bi-annual all night prayer meetings.

Analysis by Giving is Great

Positives:

This charity has been very successful in attracting volunteers relative to its size
This charity has a robust balance sheet
There have been no material income shortfalls in recent years

Regulatory & Governance issues to consider:

There are only 4 trustees
The Board has little diversity in terms of age

Financial issues to consider:

Liquidity appeared to be considerably in excess of CC guidelines at the latest year end but spending has been increasing rapidly

Financial Data ?

Income & Spending ?

Sources of Income ?

Y/E		Income £k	Spending £k	Surplus/ Deficit	Fundraising Cost £k	Total Funds £k	Unrestricted Funds £k	Mths Rsrvs	Staff	Volun- teers
31/12/22		£999	£960	£39	£0	£1,878	£1,878	23.5	11	1,500
31/12/21		£934	£397	£537	£0	£1,839	£1,839	55.6	11	50
31/12/20		£885	£484	£401	£0	£1,302	£1,302	32.3	10	500
31/12/19		£1,240	£1,398	£-158	£0	£900	£900	7.7	9	2,500
31/12/18	*	£994	£1,069	£-74	£0	£1,233	£1,233	13.8	8	800
31/12/17		£1,458	£1,259	£200	£0	£1,307	£1,307	12.5	8	0
31/12/16		£1,817	£1,612	£206	£0	£1,108	£1,108	8.2	9	0
31/12/15		£2,256	£1,920	£336	£3	£902	£902	5.6	10	0
31/12/14		£1,741	£1,892	£-151	£3	£567	£567	3.6	10	0
31/12/13		£1,843	£1,818	£25	£3	£718	£718	4.7	3	0
31/12/12		£1,524	£1,517	£7	£3	£693	£693	5.5	7	0
31/12/11?		£1,742	£1,616	£126	£3	£686	£686	5.1	8	0
31/03/10		£916	£667	£249	£2	£343	£343	6.2	5	0
31/03/09		£1,253	£1,156	£97	£5	£94	£94	1	1	0
31/03/08		£1,377	£1,545	£-168	£2	£2	£2	0	1	0
31/03/07	*	£1,074	£789	£285	£2	£169	£169	2.6	2	0
31/03/06		£861	£985	£-124	£0	£0	£0	n/a	0	0
31/03/05	*	£725	£994	£-269	£0	£0	£0	n/a	0	0
31/03/04		£607	£616	£-9	£0	£0	£0	n/a	0	0

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Financial Ratios

Fundraising Costs/Relevant Income: 0%
Fundraising Costs/Total Spending: 0%
Highest pay band: Less than £60,000
Liabilities/Assets: 3%
Liabilities/Income: 5%
Unrestricted Funds/Total Funds: 100%
Reserves/Spending: 23.5 months
Net Current Assets/Spending: 23 months
Quick Ratio: 31.2

Asset Split ?

Established: 22 years

www.festivaloflife.org.uk

info@festivaloflife.org.uk

02084388285

Charity Commission for England and Wales

Listed activities

General Charitable Purposes
Religious Activities
The Prevention Or Relief Of Poverty

GiG Classification

Performing and visual arts

How it operates

Makes Grants to Organisations
Other charitable activities
Provides services

Where it operates

Throughout England And Wales,

Who it helps

Other Charities Or Voluntary Bodies
The General Public/Mankind

Who works here?

11 employees
1,500 volunteers

Who's supporting them? ?

We have no records of donations from grant makers.

How is it governed?

Trustees (4)

Age Range of Trustees: 56-68

DR SOLA OLUDOYI, Occupation: Pastor

KOLA BAMIGBADE Appointed: 2001, Occupation: Minister Of Religion

PASTOR AGU IRUKWU, Other trusteeships: MANDATE MEN'S MINISTRIES, BRIGHT FUTURES FOR AFRICAN CHILDREN, REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) TRINITY CHAPEL,

PASTOR ADELEKE SANUSI Appointed: 2021, Occupation: Minister Of Religion, Other trusteeships: REDEEMED CHRISTIAN CHURCH OF GOD, REDEEMED CHRISTIAN CHURCH OF GOD - THE PROMISED LAND,

Legal constitution

Charitable company registered in England & Wales on 26/02/2002, number: 1090787
Registered at Companies House on 24/08/2001, number: 04276341

Gift Aid

Registered with HMRC for Gift Aid

Policies in force

Complaints handling
Conflicting interests
Investment
Paying staff
Risk management
Safeguarding vulnerable beneficiaries
Volunteer management

Filing Record

19 returns made; AR18: 13 days late, AR07: 1 days late, AR05: 1 days late,

Main office

112 BRENT TERRACE
LONDON
NW2 1LT

Objectives

FOR THE ADVANCEMENT OF CHRISTIAN RELIGION WORLDWIDE

Defined Area of Benefit:

WORLDWIDE

Data Sources