MOUNT ZION CHRISTIAN MINISTRIES INTERNATIONAL (FREEDOM ARENA)
The charity's current activities are: Church services, Organising various missionary activities, Community and outreach events, welfare support to members and organising conferences and events.
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds decreased to £2,173,798 from £2,230,526 in the prior year, resulting in a net movement in funds of a loss of £57,928. The trustees report that current free reserves of £45,859 are below their stated policy target of three months of annual expenditure (£211,449), though they maintain a reasonable expectation of adequate resources for the foreseeable future.
What the accounts disclose
“The trustees are fully aware that the current level of free reserves £45,859 (2024 - £62,718) is below our target of £211,449.” — page 7
“During the year, the charity paid Pastor Debo Adegoke (Senior Pastor and Chief Executive) £33,000 (2024 - £29,000) for use of his home as vicarage.” — page 36
“During the year, the charity earned rental income amounting to £17,530 (2024 - £11,520) from Mr David Adegoke the son of Pastor Debo Adegoke (Senior Pastor and Chief Executive).” — page 36
“During the year, the charity paid Pastor Debo Adegoke (Senior Pastor and Chief Executive) £33,000 (2024 - £29,000) for use of his home as vicarage.” — page 36
“During the year, the charity earned rental income amounting to £17,530 (2024 - £11,520) from Mr David Adegoke the son of Pastor Debo Adegoke (Senior Pastor and Chief Executive).” — page 36
“During the year, the charity paid Pastor Debo Adegoke (Senior Pastor and Chief Executive) £33,000 (2024 - £29,000) for use of his home as vicarage.” — page 36
“During the year, the charity earned rental income amounting to £17,530 (2024 - £11,520) from Mr David Adegoke the son of Pastor Debo Adegoke (Senior Pastor and Chief Executive).” — page 36
“During the year, the charity paid Pastor Debo Adegoke (Senior Pastor and Chief Executive) £33,000 (2024 - £29,000) for use of his home as vicarage.” — page 36
“During the year, the charity earned rental income amounting to £17,530 (2024 - £11,520) from Mr David Adegoke the son of Pastor Debo Adegoke (Senior Pastor and Chief Executive).” — page 36
Structured financials (annual return, FY ending 30/04/2025)
Trustees
- ABIODUN HEZEKIAH OYINLOLA
- Adebiyi Oladipo Lawal
- OLANREWAJU JODA
- ROTIMI WILLIAM AWOPEJU
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/04/2025 | £788k | £846k |
| 30/04/2024 | £819k | £863k |
| 30/04/2023 | £762k | £786k |
| 30/04/2022 | £731k | £709k |
| 30/04/2021 | £701k | £705k |
Common questions
Is MOUNT ZION CHRISTIAN MINISTRIES INTERNATIONAL (FREEDOM ARENA) financially healthy?
Per its FY2025 accounts: The accounts state that unrestricted funds decreased to £2,173,798 from £2,230,526 in the prior year, resulting in a net movement in funds of a loss of £57,928. The trustees report that current free reserves of £45,859 are below their stated policy target of three months of annual expenditure (£211,449), though they maintain a reasonable expectation of adequate resources for the foreseeable future. Its FY2025 accounts were audited by Stephen Michael Associates.