DEEPER CHRISTIAN LIFE MINISTRY
Financial health, per its FY2022 accounts
The accounts state that total incoming resources were £64,226,231, resulting in a net surplus of £1,273,367 for the year. The charity holds unrestricted reserves of £15,947,915, which the trustees consider sufficient to maintain six months of unrestricted payments as per their reserves policy. The auditors issued a disclaimer of opinion due to a limitation of scope regarding the valuation of fixed asset investments, but confirmed the going concern basis is appropriate.
What the accounts disclose
“It is the policy of the Board to maintain a balance on unrestricted funds, which is equal to six months of unrestricted payments.” — page 6
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr WILLIAM FOLORUNSO KUMUYIchair
- Dr Olufunsho Fabiyi
- ESTHER FOLASHADE ADUKE KUMUYI
- MORIYIKE MONISOLA AKINSANYA
- PASTOR SUNDAY PAUL AKOWE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.0m | £4.4m |
| 31/12/2023 | £5.9m | £4.9m |
| 31/12/2022 | £4.2m | £3.0m |
| 31/12/2021 | £3.5m | £2.2m |
| 31/12/2020 | £3.0m | £1.8m |
Common questions
Is DEEPER CHRISTIAN LIFE MINISTRY financially healthy?
The accounts state that total incoming resources were £64,226,231, resulting in a net surplus of £1,273,367 for the year. The charity holds unrestricted reserves of £15,947,915, which the trustees consider sufficient to maintain six months of unrestricted payments as per their reserves policy. The auditors issued a disclaimer of opinion due to a limitation of scope regarding the valuation of fixed asset investments, but confirmed the going concern basis is appropriate. Its FY2022 accounts were audited by Leroy Reid & Co.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| CHARITIES ADMINISTERED IN CONNECTION WITH THE UNAFFILIATED CONGREGATIONAL CHURCHES | 1 | £3k |
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