THE LIBERTY CHURCH
Financial health, per its FY2023 accounts
The accounts state that unrestricted reserves stood at £3,050,536, held to meet service commitments and staffing obligations. The trustees report that members have maintained their financial commitment, enabling the charity to function as a going concern. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue operating.
What the accounts disclose
“The trustee A R Fola-Alade who is also a director was paid gross remuneration of £66,584 during the year. It was agreed with the Charity Commission at the time of registration that A R Fola-Alade will be paid a salary as she also works for the Church.” — page 17
“Precious Sight Foundation (PSF) a UK based charity is considered a related party as the company secretary is also the company secretary and Executive Pastor of The Liberty Church. During the year donations totalling £6,000 were made to PSF (2022: £6,000)” — page 21
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- OLUSOLA EWEDEMIchair
- ABIMBOLA REBECCA FOLA-ALADE
- Adebayo Fadugba
- OLUSEYI ADESANYA
- Oghenevona Cynthia Aghoghovbia
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £3.4m | £3.2m |
| 31/12/2023 | £3.4m | £2.9m |
| 31/12/2022 | £2.7m | £2.4m |
| 31/12/2021 | £2.3m | £1.4m |
| 31/12/2020 | £2.1m | £1.1m |
Common questions
Is THE LIBERTY CHURCH financially healthy?
The accounts state that unrestricted reserves stood at £3,050,536, held to meet service commitments and staffing obligations. The trustees report that members have maintained their financial commitment, enabling the charity to function as a going concern. The independent auditors confirmed that the financial statements give a true and fair view and identified no material uncertainties regarding the charity's ability to continue operating. Its FY2023 accounts were audited by Sigma Accountants Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| THE F GLENISTER WOODGER TRUST CIO | 1 | £1k |