REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") PLACE OF RESTORATION
The objects of the charity are the advancement of the Christian faith worldwide and the relief of poverty.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £1,804 for the year ended 31 December 2024, resulting in total net assets of £24,572. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future on a going concern basis.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves') held by the church should be 3 months of average annual expenditure.” — page 7
“Under the Common Purposes Agreement (see above), The Place of Restoration has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.” — page 8
Trustees
- AKINTAYO OJO FCCA
- Dr ABIODUN OBISESAN MBBS
- OLASUPO OLATUNBOSUN
- SEGILOLA ONIBUJE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £46k | £44k |
| 31/12/2023 | £55k | £53k |
| 31/12/2022 | £30k | £28k |
| 31/12/2021 | £38k | £32k |
| 31/12/2020 | £26k | £19k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") PLACE OF RESTORATION financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement in funds of £1,804 for the year ended 31 December 2024, resulting in total net assets of £24,572. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future on a going concern basis. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 09/04/2021 | £9k | Craft and Tailor It |