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REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') VICTORY HOUSE

Registered charity 1084586 · accounts filings on the Charity Commission register · also known as RCCG - VICTORY HOUSE

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Latest income
£1.3m
Latest spending
£1.3m
Registered
2001
Accounts read
FY2024

Financial health, per its FY2024 accounts

The accounts state that the charity has unrestricted reserves of £1,453,555, which are above its stated policy target of £312,000 (three months of operating expenditure). However, the auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern, citing a significant mortgage burden exacerbated by rising interest rates and reliance on donations.

What the accounts disclose

Highest-paid employee band: £110,001 - £120,000 — in the top quarter for charities its size (median £70k)
“In the band £110,001 - £120,000 1”
Per its FY2024 accounts as filed with the Charity Commission.
Reserves policy: three months operating expenditures (held: £1.5m)
“There has been no change in our policy, which is, to hold reserves equivalent to three months operating expenditures which currently equates to £312k” — page 6
Per its FY2024 accounts as filed with the Charity Commission.
Going concern: material uncertainty disclosed
“We draw attention to note 2.2 in the financial statements, which indicates that the charity's ability to continue as a going concern is subject to material uncertainty.” — page 12
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: The church has provided a moratorium rent free space to Victory House Children's Centre, an evangelism arm of the church, until the end of this financial year.
“Victory House Children Centre The church has provided a moratorium rent free space to Victory House Children's Centre, an evangelism arm of the church, until the end of this financial year.”
“During the year, the charity paid salaries totalling £93,600 (2023: £70,422) to employees related to senior pastor.” — page 38
Per its FY2024 accounts as filed with the Charity Commission.
Related-party transaction: Salaries paid to employees related to senior pastor.
“Victory House Children Centre The church has provided a moratorium rent free space to Victory House Children's Centre, an evangelism arm of the church, until the end of this financial year.”
“During the year, the charity paid salaries totalling £93,600 (2023: £70,422) to employees related to senior pastor.” — page 38
Per its FY2024 accounts as filed with the Charity Commission.

Accounts audited by Accendo Consulting Ltd. Discloses 5 of 6 completeness components.

Structured financials (annual return, FY ending 31/12/2024)

Total income
£1.3m
Total spending
£1.3m
Cost of raising funds
£16k
Reserves (reported)
£1.5m
Employees
11

Reported reserves equal ~13.4 months of spending — in the top quarter for charities its size (median 4.8 months; benchmarks).

Register events

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Southwark

Income and spending

Financial year endIncomeSpending
31/12/2024£1.3m£1.3m
31/12/2023£1.6m£1.1m
31/12/2022£1.0m£938k
31/12/2021£875k£843k
31/12/2020£899k£1.0m

Common questions

Is REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') VICTORY HOUSE financially healthy?

The accounts state that the charity has unrestricted reserves of £1,453,555, which are above its stated policy target of £312,000 (three months of operating expenditure). However, the auditors have identified a material uncertainty regarding the charity's ability to continue as a going concern, citing a significant mortgage burden exacerbated by rising interest rates and reliance on donations. Its FY2024 accounts were audited by Accendo Consulting Ltd.

What does the highest-paid employee of REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') VICTORY HOUSE earn?

Per its FY2024 accounts, the highest-paid employee was in the £110,001 - £120,000 band.