SALVATION OF GOD MINISTRY (CHERUBIM AND SERAPHIM CHURCH)
Spreading the word of God and proclaimimg the teaching of Jesus Christ. Counselling people in respect of personal problems, looking after people with spiritual needs, spiritual healing to members and the public at large.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net surplus of £6,833 for the year ended 30 June 2025, with total incoming resources of £54,054 against total expenditure of £47,221. Per the trustees' report, unrestricted reserves stood at £484,491, which exceeds the stated policy target of maintaining six months' expenditure. The trustees confirmed that systems are in place to mitigate major risks and that the charity can continue its activities even in the event of a significant drop in funding.
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 level to six month’s expenditure.” — page 3
Trustees
- Davies Kayode Sonugachair
- Akins Akinsanmi
- Dr Richard Fasunloye
- KAYODE SOLOMON ODUKOYA
- SUNDAY ADEWALE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/06/2025 | £54k | £47k |
| 30/06/2024 | £48k | £46k |
| 30/06/2023 | £51k | £26k |
| 30/06/2022 | £37k | £24k |
| 30/06/2021 | £27k | £36k |
Common questions
Is SALVATION OF GOD MINISTRY (CHERUBIM AND SERAPHIM CHURCH) financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net surplus of £6,833 for the year ended 30 June 2025, with total incoming resources of £54,054 against total expenditure of £47,221. Per the trustees' report, unrestricted reserves stood at £484,491, which exceeds the stated policy target of maintaining six months' expenditure. The trustees confirmed that systems are in place to mitigate major risks and that the charity can continue its activities even in the event of a significant drop in funding. Its FY2025 accounts were independently examined.