THE LIBERTY CHURCH
The Principal objectives of The Liberty Church as set out in our memorandum & articles of association is the advancement of the Christian religion by the pronouncement of the gospel of our Lord Jesus Christ. This is accomplished via our weekly services, concerted evangelism & outreach, bridge events, development programmes, counselling, provision of welfare services, age & stage relevant events.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves stood at £3,280,591, held to meet service commitments and capital expenditures. The charity reported a net income of £230,055 for the year, with total incoming resources of £3,441,860 primarily from donations. The trustees and auditors confirmed the charity is functioning as a going concern with adequate resources.
What the accounts disclose
“These reserves are held to ensure that we can meet our commitments to providing our services and activities and staffing obligations in the event of a reduction or absence of funds/volunteer donations ; towards the acquisition of sites for our other locations or payment for venues and to meet some key events expenditure that are capital intensive e.g. Crossover Service / Atmosphere of Worship & Wonders, International Breakthrough Nights.” — page 5
“The trustee A R Fola-Alade who is also a director was paid gross remuneration of £67,358 during the year.” — 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 (2023: £6,000)” — page 22
Corporate structure
- Registered company of the charity Companies House 09617844
Company officers (Companies House)
- AGHOGHOVBIA, Oghenevona Cynthia on trustee list
- FADUGBA, Adebayo on trustee list
- ADESANYA, Oluseyi on trustee list
- EWEDEMI, Olusola Olayinka on trustee list
- FOLA-ALADE, Abimbola Rebecca on trustee list
- ADEWUMI, Adegbemiga Oluwatundemilade
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?
Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £3,280,591, held to meet service commitments and capital expenditures. The charity reported a net income of £230,055 for the year, with total incoming resources of £3,441,860 primarily from donations. The trustees and auditors confirmed the charity is functioning as a going concern with adequate resources. Its FY2024 accounts were audited by Sigma Accountants Limited.
Charities like this
- Liberty Church Rotherham
- THE LONDON FULL GOSPEL CENTRAL CHURCH
- THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE
- THE CHURCH OF THE LONDONERS
- TRUE JESUS CHURCH (LONDON)
- NEWBURY BAPTIST CHURCH
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LIBERTY CHURCH | £3.4m | — | — | unclear | — | no doubt |
| Liberty Church Rotherham | £241k | — | 0 | above | — | no doubt |
| THE LONDON FULL GOSPEL CENTRAL CHURCH | £974k | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE | £229k | Under £60,000 | 0 | unclear | — | no doubt |
| THE CHURCH OF THE LONDONERS | £994k | — | 0 | unclear | — | no doubt |
| TRUE JESUS CHURCH (LONDON) | £267k | — | 0 | unclear | — | no doubt |