VICTORY CHURCH OF CHRIST
ERADICATING POVERTY, EDUCATING AND TRANING THE LESS PREVILEDGE PEOPLE OF THE COMMUNITY
Financial health, per its FY2025 accounts
The accounts state that the charity holds unrestricted funds of £18,338, which represents a net liability position as total creditors exceed total assets. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. The charity relies on donations and legacies for income, which decreased significantly from the prior year.
What the accounts disclose
“Income from: Donations and legacies 48,914”
“Total funds carried forward (18,338)”
Trustees
- Ayo Awodeyi
- Elizabeth Okundalaye
- Funmi Oguntunde
- Stephen OLATUNBOSUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £49k | £59k |
| 31/03/2024 | £219k | £203k |
| 31/03/2023 | £224k | £227k |
| 31/03/2022 | £139k | £132k |
| 31/03/2021 | £143k | £199k |
Common questions
Is VICTORY CHURCH OF CHRIST financially healthy?
Per its FY2025 accounts: The accounts state that the charity holds unrestricted funds of £18,338, which represents a net liability position as total creditors exceed total assets. The trustees confirm the charity has adequate resources to continue in operational existence for the foreseeable future. The charity relies on donations and legacies for income, which decreased significantly from the prior year. Its FY2025 accounts were independently examined.