LIVING WISDOM WORD MINISTRY
Latest income
£178k
Latest spending
£159k
Registered
2011
Accounts read
FY2023
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net expenditure of £1,420 for the year, resulting in a decrease in total unrestricted funds from £9,795 to £8,375. The trustees note that the charity closed with a net deficit which was deducted from reserves, and the independent examiner confirmed no material matters were found during the examination.
What the accounts disclose
Reserves policy: 3 months of annual expenditure (held: £8k)
“The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets(the free reserve) held by the church should be 3 months of annual expenditure.” — page 4
Per its FY2023 accounts as filed with the Charity Commission.
Trustees
- PASTOR ADEBISI CHRISTOPHER ADELOWOchair
- DR ABIOLA IRANADE ADELOWO MBCHB
- PASTOR JOHN FEMI ADEYINKA
- PASTOR RUFUS MICHAEL THOMAS
- TIMOTHY ROTIMI CLARK AKINOSHO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £178k | £159k |
| 31/12/2023 | £27k | £28k |
| 31/12/2022 | £110k | £108k |
| 31/12/2021 | £118k | £119k |
| 31/12/2020 | £83k | £88k |
Common questions
Is LIVING WISDOM WORD MINISTRY financially healthy?
The accounts state that the charity reported a net expenditure of £1,420 for the year, resulting in a decrease in total unrestricted funds from £9,795 to £8,375. The trustees note that the charity closed with a net deficit which was deducted from reserves, and the independent examiner confirmed no material matters were found during the examination. Its FY2023 accounts were independently examined.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| LIFE CHURCH (CENTRAL ENGLAND) | 1 | £42k |
| CITY CHURCH ( CAMBRIDGE ) | 1 | £37k |
| KINGSGATE CHURCH TRUST | 1 | £30k |
| AYLSHAM COMMUNITY CHURCH | 1 | £24k |
| BANBURY CHARITIES | 1 | £9k |