REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY CHURCH
Financial health, per its FY2022 accounts
The accounts state that total funds increased to £244,542 by the end of 2022, driven by a 48% rise in income to £234,462, largely due to donation recovery post-pandemic. However, the charity reported a net movement in funds of £67,225, with unrestricted funds declining to a deficit of £9,622 due to higher charitable expenditure. The trustees identified uncertainty of future income as the main risk but confirmed sufficient resources are maintained through regular reviews.
What the accounts disclose
Trustees
- OLUSOLA SOLANKEchair
- Aderonke Oluwalowo
- Folasade Ofi
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £244k | £217k |
| 31/12/2023 | £200k | £106k |
| 31/12/2022 | £234k | £167k |
| 31/12/2021 | £159k | £94k |
| 31/12/2020 | £188k | £82k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY CHURCH financially healthy?
The accounts state that total funds increased to £244,542 by the end of 2022, driven by a 48% rise in income to £234,462, largely due to donation recovery post-pandemic. However, the charity reported a net movement in funds of £67,225, with unrestricted funds declining to a deficit of £9,622 due to higher charitable expenditure. The trustees identified uncertainty of future income as the main risk but confirmed sufficient resources are maintained through regular reviews. Its FY2022 accounts were independently examined.
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