THE MESSIAH CHERUBIM & SERAPHIM CHURCH (THE WAY OF SALVATION) LIMITED
oranising religious activities
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a net deficit of £17,803 for the year ended 31 March 2025, reducing its unrestricted funds from £59,926 to £42,123. The trustees report that resources are sufficient for medium-term operation but note a dependency on continued member support, warning that further funding would be needed if this support ceases in the longer term.
What the accounts disclose
“The Income represent the total donation and Income Tax Clamed excluding Value Added Tax , receivable during the year” — page 9
“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. Unrestricted funds are maintained at least at this level throughout the year.” — page 5
“Funds available are sufficient to permit the Trust to continue in operation in the medium term, given the continued support of the members. If this support is not continued in the longer term, further financial support would need to be sought to ensure the trust can continue to vary out its activities” — page 4
Trustees
- MOBOLAJI ABAYOMI FALASEchair
- APOSTLE OLU LAJUNOMI
- DR Micael Abiodun Oganla
- ELDER OLUFEMI AWOJOBI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £74k | £92k |
| 31/03/2024 | £77k | £94k |
| 31/03/2023 | £92k | £81k |
| 31/03/2022 | £87k | £48k |
| 31/03/2021 | £74k | £37k |
Common questions
Is THE MESSIAH CHERUBIM & SERAPHIM CHURCH (THE WAY OF SALVATION) LIMITED financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a net deficit of £17,803 for the year ended 31 March 2025, reducing its unrestricted funds from £59,926 to £42,123. The trustees report that resources are sufficient for medium-term operation but note a dependency on continued member support, warning that further funding would be needed if this support ceases in the longer term. Its FY2025 accounts were independently examined.