REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MOUNT ZION
The principal objective is the advancement of the Christian faith worldwide and relief of poverty
Financial health, per its FY2024 accounts
The accounts state that the charity generated a net surplus of £77,966.45 for the year ended 31 December 2024, bringing total unrestricted and restricted funds to £929,548.53. The trustees' report notes that the charity is not self-financing and holds reserves of £25,560, which they consider equivalent to two months of operating expenditures. The filing confirms compliance with the Charities Act 1993 and SORP, with no material uncertainties or governance failures disclosed.
What the accounts disclose
“the Trustees consider that the charity needs to hold reserves equivalent to two months operating expenditures which currently equates to £25560”
Trustees
- PASTOR RICHARD OLUKAYODE ODEJAYIchair
- Olufemi Olukayode Adebajo
- PASTOR OLADELE BAKARE
- Pastor Iredele Oyedele
- VALENTINA OLUBISI AKINYINKA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £229k | £151k |
| 31/12/2023 | £213k | £154k |
| 31/12/2022 | £213k | £136k |
| 31/12/2021 | £196k | £140k |
| 31/12/2020 | £176k | £115k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MOUNT ZION financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a net surplus of £77,966.45 for the year ended 31 December 2024, bringing total unrestricted and restricted funds to £929,548.53. The trustees' report notes that the charity is not self-financing and holds reserves of £25,560, which they consider equivalent to two months of operating expenditures. The filing confirms compliance with the Charities Act 1993 and SORP, with no material uncertainties or governance failures disclosed. 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 |
|---|---|---|---|---|---|---|
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MOUNT ZION | £229k | — | 0 | above | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') RENEWAL GROUND PARISH | £109k | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL | £183k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CITY OF TRUTH | £116k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE | £229k | Under £60,000 | 0 | unclear | — | no doubt |