SWORD OF THE SPIRIT MINISTRIES
RELIGIOUS ACTIVITIESCHRISTIAN BASED EDUCATION AND TRAINING OUTREACH ACTIVITIES
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased from £143,397 to £127,750 during the year, resulting in a net movement in funds of £15,646. The charity maintains a reserve policy to hold approximately three months of unrestricted expenditure, though the current unrestricted fund balance is below the prior year's total. The independent examiner confirmed that the accounts give a true and fair view based on the accounting policies applied.
What the accounts disclose
“It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure.” — page 5
Trustees
- BISHOP FRANCIS WALE OKEchair
- Adelani Adewoye Ayeni
- Dolapo Omowunmi Olodude
- Mary Mojoyinola Ojediran
- Mobolaji Carew
- Rev OLUFEMI O'TOKUNBO OKE
- Safiu Ibikunle
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £144k | £159k |
| 31/03/2024 | £361k | £300k |
| 31/03/2023 | £230k | £267k |
| 31/03/2022 | £191k | £127k |
| 31/03/2021 | £114k | £114k |
Common questions
Is SWORD OF THE SPIRIT MINISTRIES financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased from £143,397 to £127,750 during the year, resulting in a net movement in funds of £15,646. The charity maintains a reserve policy to hold approximately three months of unrestricted expenditure, though the current unrestricted fund balance is below the prior year's total. The independent examiner confirmed that the accounts give a true and fair view based on the accounting policies applied. Its FY2025 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| SWORD OF THE SPIRIT MINISTRIES | £144k | — | 0 | unclear | — | no doubt |
| AL-MANAR CENTRE TRUST | £161k | — | 0 | within | — | no doubt |
| VICTORY IN CHRIST MINISTRIES | £130k | £20,001 - £30,000 | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PHILEMON TOXTETH | £173k | — | 0 | above | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD, TRUE VINE CENTRE | £147k | — | 0 | unclear | — | no doubt |
| WORD OF LIFE MINISTRIES UK LIMITED | £163k | — | 0 | unclear | — | no doubt |