LOVE AND JOY MINISTRIES LTD
Love & Joy Ministries advances the Christian faith through the medium of music, dance and drama and by demonstrating the Gospel through practical help to the most vulnerable in the community,including homeless children,young people,excluded groups and the elderly.
Financial health, per its FY2025 accounts
The accounts state that the charity incurred a deficit of £7,522 for the year ended 31 March 2025, resulting in net current liabilities of £39,601. The trustees report that unrestricted reserves of £623,556 are represented wholly by fixed assets, with cash reserves at only £22,744. The independent examiner identified a matter of concern regarding the charity's financial position and limited cash resources, though the accounts were prepared on a going concern basis based on expected future surpluses.
What the accounts disclose
“The unrestricted reserves at 31 March 2025 consist of the general reserves of £623,556. However, these reserves are represented wholly by fixed assets. Cash reserves at 31 March 2025 were £22,744.” — page 9
“I have identified a matter of concern. Without qualifying my report, I draw attention to the disclosures in the Trustees’ report and note 20 to the financial statements concerning the Charity’s financial position. As set out therein, the Charity incurred a deficit for the year ended 31 March 2025 and at the balance sheet date had limited unrestricted cash resources, as well as net current liabilities.”
“During the year the charity paid a grant of £59,700 (2024: £156,630) to Liverpool Lighthouse.” — page 23
“During the previous financial year the charity gave them an interest free loan of £18,200 to be repaid over 3 years which was further topped up by £5,000 in the year. At the year end date £16,000 was still outstanding on this loan.”
“During the year the charity paid a grant of £59,700 (2024: £156,630) to Liverpool Lighthouse.” — page 23
“During the previous financial year the charity gave them an interest free loan of £18,200 to be repaid over 3 years which was further topped up by £5,000 in the year. At the year end date £16,000 was still outstanding on this loan.”
“During the year the charity paid a grant of £59,700 (2024: £156,630) to Liverpool Lighthouse.” — page 23
“During the previous financial year the charity gave them an interest free loan of £18,200 to be repaid over 3 years which was further topped up by £5,000 in the year. At the year end date £16,000 was still outstanding on this loan.”
Funders the charity credits
- Lancaster Foundation
- All Churches Trust
Property (HM Land Registry)
Trustees
- DR TANI OMIDEYIchair
- Anna Hawley
- Helen Jayne Hawley
- Pastor John Adereti
- REV ROGER IAN SUTTON
- Rev David Olatunde Shosanya
- Uchechi Ezinwanne Ugwu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £247k | £254k |
| 31/03/2024 | £277k | £365k |
| 31/03/2023 | £219k | £231k |
| 31/03/2022 | £387k | £257k |
| 31/03/2021 | £215k | £138k |
Common questions
Is LOVE AND JOY MINISTRIES LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity incurred a deficit of £7,522 for the year ended 31 March 2025, resulting in net current liabilities of £39,601. The trustees report that unrestricted reserves of £623,556 are represented wholly by fixed assets, with cash reserves at only £22,744. The independent examiner identified a matter of concern regarding the charity's financial position and limited cash resources, though the accounts were prepared on a going concern basis based on expected future surpluses. Its FY2025 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LIFE COMMUNITY CHURCH (WARWICKSHIRE) | 1 | £4k |
| FOREST HILL CHARITABLE TRUST | 1 | £3k |
Charities like this
- ADORE CHURCH
- TEMPLE OF FAITH MINISTRIES
- SILOAM CHRISTIAN MINISTRIES LIMITED
- THE REDEEMED CHRISTIAN CHURCH OF GOD, JUBILEE CHRISTIAN CENTRE WOLVERHAMPTON
- The Apostolic Faith Mission UK Ltd
- HARMONY CHRISTIAN MINISTRIES
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| LOVE AND JOY MINISTRIES LTD | £247k | — | 0 | below | — | noted |
| ADORE CHURCH | £260k | — | 0 | unclear | — | no doubt |
| TEMPLE OF FAITH MINISTRIES | £144k | — | 0 | unclear | — | no doubt |
| SILOAM CHRISTIAN MINISTRIES LIMITED | £315k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, JUBILEE CHRISTIAN CENTRE WOLVERHAMPTON | £502k | — | 0 | unclear | — | no doubt |
| The Apostolic Faith Mission UK Ltd | £1.2m | — | 0 | below | — | no doubt |