CELESTIAL CHURCH OF CHRIST
The principal activities of the charity are the advancement of the Christian Religion and to cater for the spiritual well being of both the members and that of visiting worshipers.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £152,505 for the year ended 31 December 2024, driven by a significant increase in expenditure despite stable incoming resources. Free reserves, represented by the bank balance, decreased slightly to £329,157, while the charity holds freehold property valued at £2,667,568. The trustees remain confident in overcoming financial challenges, though the charity carries bank loans totaling £142,683.
What the accounts disclose
Trustees
- Olugbenga Olusola Akandechair
- Benjamin Adejuwon Aina KC
- Dr Samuel Olusegun Idowu PhD FCIS
- Isaac Kupoluyi
- Jonathan Oluwasheyi Shebioba
- Samson Ogunsami
- Victoria Funmi Adegbemisoye
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £478k | £630k |
| 31/12/2023 | £482k | £403k |
| 31/12/2022 | £439k | £443k |
| 31/12/2021 | £416k | £278k |
| 31/12/2020 | £298k | £329k |
Common questions
Is CELESTIAL CHURCH OF CHRIST financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £152,505 for the year ended 31 December 2024, driven by a significant increase in expenditure despite stable incoming resources. Free reserves, represented by the bank balance, decreased slightly to £329,157, while the charity holds freehold property valued at £2,667,568. The trustees remain confident in overcoming financial challenges, though the charity carries bank loans totaling £142,683. Its FY2024 accounts were independently examined.
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Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| CELESTIAL CHURCH OF CHRIST | £478k | — | 0 | unclear | — | no doubt |
| CELESTIAL CHURCH OF CHRIST (COVENANT OF GOD PARISH) | £152k | — | 0 | unclear | — | no doubt |
| THE CELESTIAL CHURCH OF CHRIST- FOUNDER'S PARISH | £118k | — | 0 | unclear | — | no doubt |
| CELESTIAL CHURCH OF CHRIST EDWARD STREET PARISH | £186k | — | 0 | unclear | — | no doubt |
| CELESTIAL CHURCH OF CHRIST,WHITE CITY PARISH | £241k | — | 0 | unclear | — | no doubt |
| CELESTIAL CHURCH OF CHRIST (REHOBOTH PARISH) | £153k | — | 0 | unclear | — | no doubt |