COVENANT LIFE CHURCH LEICESTER
Financial health, per its FY2025 accounts
The accounts state that the charity achieved a net surplus of £138,468 for the year ended 31 March 2025, with total incoming resources of £514,742. Per the trustees' report, unrestricted reserves are more than adequate for the charity's requirements, and the trustees believe no material uncertainties exist regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The policy outlines, (a) the level of reserve the trustees believe the charity requires (typically equivalent to 3 months of normal committed ('fixed') operating costs)”
“During the year a licence fee of £30,000 (2024: £30,000) was received from Big Shed Enterprises Limited, a wholly owned subsidiary of the charity.” — page 21
“During the year £31,963 was paid by Big Shed Enterprises Limited to the charity for recharged staff costs (2024: £22,847).” — page 21
“During the year a licence fee of £30,000 (2024: £30,000) was received from Big Shed Enterprises Limited, a wholly owned subsidiary of the charity.” — page 21
“During the year £31,963 was paid by Big Shed Enterprises Limited to the charity for recharged staff costs (2024: £22,847).” — page 21
“During the year a licence fee of £30,000 (2024: £30,000) was received from Big Shed Enterprises Limited, a wholly owned subsidiary of the charity.” — page 21
“During the year £31,963 was paid by Big Shed Enterprises Limited to the charity for recharged staff costs (2024: £22,847).” — page 21
“During the year a licence fee of £30,000 (2024: £30,000) was received from Big Shed Enterprises Limited, a wholly owned subsidiary of the charity.” — page 21
“During the year £31,963 was paid by Big Shed Enterprises Limited to the charity for recharged staff costs (2024: £22,847).” — page 21
“The charity owns 100% of the shares of Big Shed Enterprises Limited, company number 6946240. Big Shed Enterprises Limited was formed to manage the property.” — page 16
Structured financials (annual return, FY ending 31/03/2025)
Trustees
- DENNIS RAYMOND BURTONchair
- ANDREW WILLIAM BRIGGS
- Charles Alford
- GARY RUTHERFORD
- IAN JAMES THOMPSON
- Olusola Mosaku
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £515k | £376k |
| 31/03/2024 | £361k | £333k |
| 31/03/2023 | £426k | £335k |
| 31/03/2022 | £380k | £344k |
| 31/03/2021 | £362k | £306k |
Common questions
Is COVENANT LIFE CHURCH LEICESTER financially healthy?
The accounts state that the charity achieved a net surplus of £138,468 for the year ended 31 March 2025, with total incoming resources of £514,742. Per the trustees' report, unrestricted reserves are more than adequate for the charity's requirements, and the trustees believe no material uncertainties exist regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.