COVENANT CHRISTIAN CENTRE UK
The Church holds regular public worship services, prayer meetings, bible study, children's Sunday school, seminars on faith, family life, parenting ,setting goals etc.The Church also distributes literature to the general public through social media. The church provides counselling and welfare services to those that need it in the community.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure of £82,439 for the year, resulting in a decrease in total funds from £128,211 to £45,772. The trustees confirm that the charity is in line with its reserves policy, which targets holding at least three months of expenditure, with actual unrestricted reserves of £39,986. The independent examiner confirmed that no material matters came to their attention during the examination of the accounts.
What the accounts disclose
“The financial position of the church shows that we are in line with our reserves policy which is to have at least 3 months of our expenditure. It is the church’s policy to hold reserves of up to 6 months of the charity’s overheads. £39,986”
Structured financials (annual return, FY ending 31/01/2025)
Trustees
- Akinolu Oludumilachair
- Gracious Kelechi Ernest
- Tolulope Alaran
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/01/2025 | £588k | £671k |
| 31/01/2024 | £471k | £430k |
| 31/01/2023 | £298k | £231k |
| 31/01/2022 | £71k | £55k |
| 31/01/2021 | £60k | £47k |
Common questions
Is COVENANT CHRISTIAN CENTRE UK financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net expenditure of £82,439 for the year, resulting in a decrease in total funds from £128,211 to £45,772. The trustees confirm that the charity is in line with its reserves policy, which targets holding at least three months of expenditure, with actual unrestricted reserves of £39,986. The independent examiner confirmed that no material matters came to their attention during the examination of the accounts. Its FY2025 accounts were independently examined.