REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') STRONG TOWER PARISH
The church continues to engage in the propagation of Christian religion.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a total income of £284,118 and an operating surplus of £33,510 for the year ended 31 December 2024. Per the trustees' report, unrestricted reserves stood at £257,517, which is significantly above the stated policy target of £20,000 to £40,000. The charity holds bank loans and vehicle finance liabilities but maintains positive net assets of £291,027.
What the accounts disclose
“The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals to roughly £20,000 to £40,000 in general funds.” — page 7
“During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.” — page 15
Trustees
- PASTOR MUSA BAKOchair
- BOLA ADEWUSI
- DEACONESS ADERONKE EDEM
- Daniel Kalu
- Feyisayo Afolabi
- JOSIAH AMOSU TAIWO ADEGBOLA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £284k | £251k |
| 31/12/2023 | £233k | £199k |
| 31/12/2022 | £209k | £178k |
| 31/12/2021 | £181k | £163k |
| 31/12/2020 | £154k | £113k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') STRONG TOWER PARISH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a total income of £284,118 and an operating surplus of £33,510 for the year ended 31 December 2024. Per the trustees' report, unrestricted reserves stood at £257,517, which is significantly above the stated policy target of £20,000 to £40,000. The charity holds bank loans and vehicle finance liabilities but maintains positive net assets of £291,027. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 17/06/2022 | £10k | Mental Health Prevention and Enlightenment Events in Manchester |
| The National Lottery Community Fund | 12/01/2021 | £10k | Support for BAME Community affected by COVID Pandemic |
Charities like this
- REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL
- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') RENEWAL GROUND PARISH
- REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE SANCTUARY
- THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE"
- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE)
- REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) TRINITY CHAPEL
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') STRONG TOWER PARISH | £284k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL | £183k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') RENEWAL GROUND PARISH | £109k | — | 0 | above | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") THE SANCTUARY | £313k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE) | £481k | Under £60,000 | 0 | unclear | — | no doubt |