KINGDOM LIFE APOSTOLIC CHAPEL
Primary aimsa. To promote the Christian Faith and its values b. To support our members in education and training Activities: a. Meetings to empower members for spiritual, personal and community development and worshipb. Community outreachc. strategic alliance, links shall be maintained with other Christian organisations with a view to work together on common goals
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net gain of £37,261 for the year, resulting in total net assets of £232,479. The trustees confirm that unrestricted funds are held at a level sufficient to cover three months of annual expenditure, providing a buffer against significant drops in funding. The charity's gross income did not exceed £250,000, and it is eligible for independent examination rather than a full audit.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.” — page 6
Trustees
- OLANIPEKUN OMOTOSOchair
- Dr EMMANUEL SUNDAY OLAWALE
- Dr Lemun Yatu Nuhu
- JOHNSON ADEBAYO
- Pastor Sakirat Onakoya
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2025 | £207k | £169k |
| 30/11/2024 | £191k | £170k |
| 30/11/2023 | £173k | £170k |
| 30/11/2022 | £161k | £147k |
| 30/11/2021 | £158k | £145k |
Common questions
Is KINGDOM LIFE APOSTOLIC CHAPEL financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net gain of £37,261 for the year, resulting in total net assets of £232,479. The trustees confirm that unrestricted funds are held at a level sufficient to cover three months of annual expenditure, providing a buffer against significant drops in funding. The charity's gross income did not exceed £250,000, and it is eligible for independent examination rather than a full audit. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 11/07/2024 | £20k | New Life Counselling Project |
| Sport England | 07/07/2023 | £4k | YOUTH SPORTS PROJECT |
| UK government | 07/07/2023 | £4k | ALB-Sport England-YOUTH SPORTS PROJECT |
| The National Lottery Community Fund | 15/10/2021 | £9k | BREAKFAST CLUB PROJECT |