CELESTIAL CHURCH OF CHRIST, CITADEL OF CELESTIANS PARISH
Christian Religious Activities and General Charitable Activities
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £4,115 for the year ended 31 December 2024, with total unrestricted funds of £150,911. However, the trustees report that the charity was not able to meet its targeted reserves policy, which requires unrestricted funds to equate to at least three months of unrestricted expenditure. The charity relies on voluntary donations and gifts from congregants as its principal funding sources.
What the accounts disclose
“It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure.” — page 6
Trustees
- OLUSEGUN MICHAEL EKUNDAYOchair
- Babatunde Salaam
- OLUFUNKE JOSEPH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £82k | £77k |
| 31/12/2023 | £106k | £77k |
| 31/12/2022 | £66k | £55k |
| 31/12/2021 | £62k | £52k |
| 31/12/2020 | £60k | £60k |
Common questions
Is CELESTIAL CHURCH OF CHRIST, CITADEL OF CELESTIANS PARISH financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £4,115 for the year ended 31 December 2024, with total unrestricted funds of £150,911. However, the trustees report that the charity was not able to meet its targeted reserves policy, which requires unrestricted funds to equate to at least three months of unrestricted expenditure. The charity relies on voluntary donations and gifts from congregants as its principal funding sources. Its FY2024 accounts were independently examined.