THE HOLY MICHAEL CHURCH OF THE LORD (ALADURA) CHERUBIM AND SERAPHIM
Running a church
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds total £875,675, which the trustees consider sufficient to permit the trust to continue in operation in the medium term given continued member support. The charity reported a net income surplus of £29,388 for the year ended 31 March 2025, with unrestricted reserves maintained at a level covering management and administration costs as per its stated policy.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and support costs.” — page 5
Trustees
- ADEREMI ADETOLA
- Dr ABIODUN AKINSOLA
- MYSE ADEBARE OYELEYE
- PROPHET OGO-OLUWA KOGBEREGBE
- PROPHET SAMUEL OLAWALE KOGBEREGBE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £62k | £32k |
| 31/03/2024 | £68k | £17k |
| 31/03/2023 | £70k | £33k |
| 31/03/2022 | £54k | £26k |
| 31/03/2021 | £18k | £19k |
Common questions
Is THE HOLY MICHAEL CHURCH OF THE LORD (ALADURA) CHERUBIM AND SERAPHIM financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds total £875,675, which the trustees consider sufficient to permit the trust to continue in operation in the medium term given continued member support. The charity reported a net income surplus of £29,388 for the year ended 31 March 2025, with unrestricted reserves maintained at a level covering management and administration costs as per its stated policy. Its FY2025 accounts were independently examined.