OVERSEAS FELLOWSHIP OF NIGERIAN CHRISTIANS
Financial health, per its FY2022 accounts
The accounts state that the charity recorded a net income surplus of £48,047 for the year ended 31 December 2022, driven by increased online giving. The trustees report that unrestricted reserves amount to approximately 14 months of expenditure, which is well in excess of their stated policy target of three months. The charity is entirely run by volunteers with no paid staff.
What the accounts disclose
“It is the policy of the charity to retain unrestricted funds at a level which equates to approximately 3 months of its committed expenditure.” — page 10
Trustees
- ADEBOWALE SOKOYA
- Ademola Akomolafe
- Aderonke Williams
- Anthony Nwakunor
- Ayodele Mustapha
- Chima Mere
- Chinyere Erharuyi
- Dr Abel Adegoke
- Dr Akintoye Oluwatudimu
- Dr BABATUNJI ADEOGUN
- Dr Biodun Ayantunde
- Dr Dianabasi Nkantah
- Dr Gbenga Popoola
- Dr Ifeoluwa Akintunde
- Dr Joel Faronbi
- Dr John Ameobi
- Dr Oluwafolajimi Fadahun
- Ekenyem Onyebuenyi
- Emmanuel Ugbede
- Frederick Jackson Oboloje
- Grace Ogbeiwi
- Helyn Uwubamwen
- Idorenyin Harrison
- Isaac Olufunsho
- Jumoke Idayat Bada
- Justin Ushie
- Kayode Adisa
- Matthew Hamza
- Michelle Ugwueze
- Nnenna May George-Kalu
- Olufunmilayo Mosadoluwa Bafuwa
- Olumide Joseph Ologan
- Olutola Awosemo
- Oluwakemi Morohunkeji Ajayi
- Peter Ikuobase
- Prof Akintunde Babatunde
- Prof John Durodola
- Toluwani Daramola
- Yetunde Adebisi
- Yetunde Onilogbo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £390k | £331k |
| 31/12/2023 | £416k | £416k |
| 31/12/2022 | £363k | £315k |
| 31/12/2021 | £224k | £130k |
| 31/12/2020 | £232k | £142k |
Common questions
Is OVERSEAS FELLOWSHIP OF NIGERIAN CHRISTIANS financially healthy?
The accounts state that the charity recorded a net income surplus of £48,047 for the year ended 31 December 2022, driven by increased online giving. The trustees report that unrestricted reserves amount to approximately 14 months of expenditure, which is well in excess of their stated policy target of three months. The charity is entirely run by volunteers with no paid staff. Its FY2022 accounts were audited by Hailwood & Co.