IGEM CHRIST COVENANT CHURCH
We conduct church services on weekdays and every sundays. We undertake various projects for relief of poverty amongst the less privilege members of the society.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £69,636, while total net assets rose to £153,066. The trustees' report indicates a reserves policy targeting 4-5 months of budgeted expenditure, and the independent examiner confirmed no material issues were found. The charity reports no material uncertainties regarding its ability to continue operating.
What the accounts disclose
“The policy is normally that the balance in the General Fund should cover 4-5 months of budgeted expenditure.”
Trustees
- CATHERINE ADELEKE
- FELICIA AYINKE OJOTISA
- PROPHET TIMOTHY IFEOLUWA OJOTISA
- SAMUEL TOPE MIRIKI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £95k | £73k |
| 30/04/2024 | £81k | £41k |
| 30/04/2023 | £64k | £30k |
| 30/04/2022 | £53k | £33k |
| 30/04/2021 | £22k | £26k |
Common questions
Is IGEM CHRIST COVENANT CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds increased to £69,636, while total net assets rose to £153,066. The trustees' report indicates a reserves policy targeting 4-5 months of budgeted expenditure, and the independent examiner confirmed no material issues were found. The charity reports no material uncertainties regarding its ability to continue operating. Its FY2025 accounts were independently examined.