COVENANT OF MERCY LTD
Religious Activities
Objects
TO ADVANCE THE CHRISTIAN FAITH FOR THE BENEFIT OF THE PUBLIC IN ACCORDANCE WITH THE PRINCIPLES OF THE CHRIST APOSTOLIC CHURCH.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net income of £9,807 for the year ended 31 May 2025, resulting in total funds carried forward of £230,217. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity relies on interest-free concessionary loans from congregation members to fund its operations and asset acquisitions.
What the accounts disclose
“Donations and gifts 772,287”
“Peculiar Care Homes Limited advanced an interest-free, unsecured concessionary loan of £110,000 to the charity strictly to fund the acquisition of operational event land. The loan has no fixed repayment date and is repayable at the sole discretion of the charity when cash flows permit. At 31 May 2025, the balance outstanding was £110,000.” — page 10
“Peculiar Care Homes Limited made an unconditional charitable gift (donation) of £20,100 to the charity during the period.” — page 10
“Peculiar Care Homes Limited advanced an interest-free, unsecured concessionary loan of £110,000 to the charity strictly to fund the acquisition of operational event land. The loan has no fixed repayment date and is repayable at the sole discretion of the charity when cash flows permit. At 31 May 2025, the balance outstanding was £110,000.” — page 10
“Peculiar Care Homes Limited made an unconditional charitable gift (donation) of £20,100 to the charity during the period.” — page 10
Policies the charity declares
- Bullying and harassment policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Corporate structure
- Registered company of the charity Companies House 13419905 · Financial health read from its filings
Company officers (Companies House)
- OWOADE, Adedayo Emmanuel, Dr on trustee list
- MOSHOOD, Akeem Olalekan on trustee list
Property (HM Land Registry)
Structured financials (annual return, FY ending 31/05/2025)
Trustees
- Dr Adedayo Owoadechair
- Akeem Moshood
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £772k | £762k |
Common questions
Is COVENANT OF MERCY LTD financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a net income of £9,807 for the year ended 31 May 2025, resulting in total funds carried forward of £230,217. The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. The charity relies on interest-free concessionary loans from congregation members to fund its operations and asset acquisitions. Its FY2025 accounts were independently examined.
Charities like this
- THE HOUSEHOLD OF MERCY
- THE MERCERS CHARITABLE FOUNDATION
- HOUSE OF MERCY CHRISTIAN ASSEMBLY
- MACCLESFIELD MUSLIM COMMUNITY CENTRE
- NEW COVENANT CHURCH MANCHESTER
- THE COMMUNITY OF THE SACRED PASSION
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| COVENANT OF MERCY LTD | £772k | — | 0 | unclear | — | no doubt |
| THE HOUSEHOLD OF MERCY | £25k | — | 0 | unclear | — | no doubt |
| THE MERCERS CHARITABLE FOUNDATION | £6.6m | — | 0 | unclear | — | no doubt |
| HOUSE OF MERCY CHRISTIAN ASSEMBLY | £167k | — | 0 | unclear | — | no doubt |
| MACCLESFIELD MUSLIM COMMUNITY CENTRE | £38k | — | 0 | unclear | — | no doubt |
| NEW COVENANT CHURCH MANCHESTER | £470k | — | 0 | below | — | no doubt |