REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS
The charity's objects are:The advancement of the Christian religion worldwide; andThe relief of poverty worldwide.It pursues these objects by the operation of a centre for Christian worship at its premises in Monier Road,Bow, London, and by a programme of events aimed at reaching out to the un-churched together with arange of community-centred projects.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds totalled £3,769,604, with free reserves of £534,540 falling below the trustees' stated policy target of three months of annual expenditure. The charity reported a net surplus of £238,970 for the year, driven by significant investment income, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern.
What the accounts disclose
“In the band £140,001 - £150,000” — page 34
“The trustees recognise that the current level of free reserve does not reach the above target” — page 13
“Included in other debtors (note 13) is £5,359 owed by Pastor Oludoyi, a trustee.” — page 42
Year-over-year changes
- Top pay band moved from £130,001 - £140,000 (FY2023) to £140,001 - £150,000 (FY2024).
Leadership, per the charity’s website
- Grace Sola Oludoyi — Executive Pastor
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- Dr FRANCIS AKINKUNMI OLADIMEJIchair
- Dr DAVID OLUSOLA OLUDOYI
- ELKANAH OLUFEMI AYANGBAYI
- Modupe Bello
- TEMITOPE AKINMOYEWA AKINLOSOTU
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £1.2m | £1.1m |
| 31/12/2023 | £1.3m | £1.1m |
| 31/12/2022 | £1.2m | £995k |
| 31/12/2021 | £1.1m | £1.5m |
| 31/12/2020 | £1.2m | £1.5m |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds totalled £3,769,604, with free reserves of £534,540 falling below the trustees' stated policy target of three months of annual expenditure. The charity reported a net surplus of £238,970 for the year, driven by significant investment income, and the auditors confirmed there are no material uncertainties regarding its ability to continue as a going concern. Its FY2024 accounts were audited by Stephen Michael Associates.
What does the highest-paid employee of REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS earn?
Per its FY2024 accounts, the highest-paid employee was in the £140,001 - £150,000 band.
Charities like this
- REDEEMED CHRISTIAN CHURCH OF GOD - MAJESTY CONNECTIONS
- THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY
- THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS
- THE REDEEMED CHRISTIAN CHURCH OF GOD, DOMINION CHRISTIAN CONNECTIONS
- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE)
- REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") TESTIMONY PARISH BIRMINGHAM CITY
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') ROYAL CONNECTIONS | £1.2m | £140,001 - £150,000 | — | below | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD - MAJESTY CONNECTIONS | £303k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY | £108k | — | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS | £2.8m | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, DOMINION CHRISTIAN CONNECTIONS | £184k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE) | £481k | Under £60,000 | 0 | unclear | — | no doubt |