REDEEMED CHRISTIAN CHURCH OF GOD
Financial health, per its FY2023 accounts
The accounts state that the charity reported a net movement in funds of £2,053,764 for the year ended 31 December 2023, resulting in total net assets of £16,511,146. The trustees confirm that free reserves of £768,902 were utilized to acquire a 35-acre campground, and the charity maintains sufficient resources to continue as a going concern without material uncertainty.
What the accounts disclose
“In the band £90,001 - £100,000” — page 34
“The Board of Trustees have implemented a policy whereby the unrestricted funds not committed or invested in tangible fixed assets held by the charitable company should be six (6) months of annual expenditure.” — page 11
“Loaned £500,000 to House of Praise Trust, an RCCG church where Pastor Andrew Adeleke (a trustee) is a Pastor, for redevelopment of parish's church building.” — page 48
“Donated £350,000 to RCCG Victory House London, a church where Pastor Adeleke Sanusi (a trustee) is the Executive Director and resident Pastor, for repayment of the church's mortgage.” — page 48
“Loaned £500,000 to House of Praise Trust, an RCCG church where Pastor Andrew Adeleke (a trustee) is a Pastor, for redevelopment of parish's church building.” — page 48
“Donated £350,000 to RCCG Victory House London, a church where Pastor Adeleke Sanusi (a trustee) is the Executive Director and resident Pastor, for repayment of the church's mortgage.” — page 48
“Loaned £500,000 to House of Praise Trust, an RCCG church where Pastor Andrew Adeleke (a trustee) is a Pastor, for redevelopment of parish's church building.” — page 48
“Donated £350,000 to RCCG Victory House London, a church where Pastor Adeleke Sanusi (a trustee) is the Executive Director and resident Pastor, for repayment of the church's mortgage.” — page 48
“Loaned £500,000 to House of Praise Trust, an RCCG church where Pastor Andrew Adeleke (a trustee) is a Pastor, for redevelopment of parish's church building.” — page 48
“Donated £350,000 to RCCG Victory House London, a church where Pastor Adeleke Sanusi (a trustee) is the Executive Director and resident Pastor, for repayment of the church's mortgage.” — page 48
Structured financials (annual return, FY ending 31/12/2024)
Register events
- Received assets from another charity (04/09/2019)
Trustees
- PASTOR ADELEKE SANUSIchair
- ANDREW ADELEKE
- Olufemi Ademola POPOOLA
- PASTOR KOLAWOLE BAMIGBADE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £6.6m | £6.0m |
| 31/12/2023 | £6.7m | £4.4m |
| 31/12/2022 | £5.0m | £3.9m |
| 31/12/2021 | £4.4m | £2.2m |
| 31/12/2020 | £3.7m | £3.4m |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD financially healthy?
The accounts state that the charity reported a net movement in funds of £2,053,764 for the year ended 31 December 2023, resulting in total net assets of £16,511,146. The trustees confirm that free reserves of £768,902 were utilized to acquire a 35-acre campground, and the charity maintains sufficient resources to continue as a going concern without material uncertainty. Its FY2023 accounts were audited by Stephen Michael Associates.
What does the highest-paid employee of REDEEMED CHRISTIAN CHURCH OF GOD earn?
Per its FY2023 accounts, the highest-paid employee was in the £90,001 - £100,000 band.