WORLD MISSION AGENCY - WINNERS CHAPEL INTERNATIONAL
Financial health, per its FY2024 accounts
The accounts state that the charity closed the year with a surplus of £1,062,906 and total unrestricted reserves of £967,352. The trustees maintain a reserves policy of £2.0m to cover four months of core costs, meaning current free reserves are below this stated target. The auditors confirmed there are no material uncertainties related to the charity's ability to continue as a going concern.
What the accounts disclose
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 No. 2” — page 32
“The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was: 2024 No. 2” — page 32
“The Charity’s free reserves (funds not tied up in fixed assets or designated) stood at £1m (2023: £0.3m) at the balance sheet date.” — page 11
“In the year, £1,567,451 (2023: £883,055) was payable to Living faith Church in respect of Shiloh donations from, the £1.5m is made up of the brought forward balance of £0.9m and the 2024 Shiloh donations from January to november of £0.7m.”
“Under the terms of a Joint Ministries Agreement (JMA) signed in January 2013, £1,691,721 (2023: £1,599,503), was payable to Living Faith Church in the year in respect of tithes.” — page 45
“In the year, £1,567,451 (2023: £883,055) was payable to Living faith Church in respect of Shiloh donations from, the £1.5m is made up of the brought forward balance of £0.9m and the 2024 Shiloh donations from January to november of £0.7m.”
“Under the terms of a Joint Ministries Agreement (JMA) signed in January 2013, £1,691,721 (2023: £1,599,503), was payable to Living Faith Church in the year in respect of tithes.” — page 45
“In the year, £1,567,451 (2023: £883,055) was payable to Living faith Church in respect of Shiloh donations from, the £1.5m is made up of the brought forward balance of £0.9m and the 2024 Shiloh donations from January to november of £0.7m.”
“Under the terms of a Joint Ministries Agreement (JMA) signed in January 2013, £1,691,721 (2023: £1,599,503), was payable to Living Faith Church in the year in respect of tithes.” — page 45
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Tolu Oralusichair
- Adebayo Daniels
- Adewale Adekoya
- Emmanuel Etsetowaghan
- Marie Osakwe
- Michael Muzanechita
- Olubusayo Omobola Babatope
- Susan Da-Silva
- Yetunde Adesiyan
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £18.1m | £17.0m |
| 31/12/2023 | £17.0m | £14.5m |
| 31/12/2022 | £14.2m | £10.6m |
| 31/12/2021 | £11.2m | £7.2m |
| 31/12/2020 | £8.9m | £9.8m |
Common questions
Is WORLD MISSION AGENCY - WINNERS CHAPEL INTERNATIONAL financially healthy?
The accounts state that the charity closed the year with a surplus of £1,062,906 and total unrestricted reserves of £967,352. The trustees maintain a reserves policy of £2.0m to cover four months of core costs, meaning current free reserves are below this stated target. The auditors confirmed there are no material uncertainties related to the charity's ability to continue as a going concern. Its FY2024 accounts were audited by Goodman Jones LLP.
What does the highest-paid employee of WORLD MISSION AGENCY - WINNERS CHAPEL INTERNATIONAL earn?
Per its FY2024 accounts, the highest-paid employee was in the £60,001 - £70,000 band, and 2 employees earned over £60,000.