REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL
1. Advancement of Religion, and2. Relief of Poverty.
Objects
1) THE ADVANCEMENT OF THE CHRISTIAN FAITH WORLDWIDE IN ACCORDANCE WITH THE DOCTRINE SET OUT IN THE STATEMENT OF FAITH CONTAINED IN THE SCHEDULE2) THE RELIEF OF POVERTY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income of £3,738 for the year ended 31 December 2024, resulting in total unrestricted funds of £243,752. However, the balance sheet reveals significant long-term liabilities of £342,471, primarily bank loans, which exceed the value of tangible fixed assets. The trustees confirm adequate resources for going concern, but the charity operates with a substantial net liability position relative to its current assets.
What the accounts disclose
Policies the charity declares
- Complaints handling
- Conflicting interests
- Paying staff
- Risk management
- Safeguarding vulnerable beneficiaries
Trustees
- Dr Adeyinka Oduwole
- Olufemi Olukayode Adebajo
- STELLA OLUFUNKE OLATUNDE
- VIVIENNE AZIBA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £183k | £180k |
| 31/12/2023 | £164k | £163k |
| 31/12/2022 | £127k | £136k |
| 31/12/2021 | £133k | £133k |
| 31/12/2020 | £118k | £118k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income of £3,738 for the year ended 31 December 2024, resulting in total unrestricted funds of £243,752. However, the balance sheet reveals significant long-term liabilities of £342,471, primarily bank loans, which exceed the value of tangible fixed assets. The trustees confirm adequate resources for going concern, but the charity operates with a substantial net liability position relative to its current assets. Its FY2024 accounts were independently examined.
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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) 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) GRACE ASSEMBLY | £103k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE) | £481k | Under £60,000 | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE | £213k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CITY OF TRUTH | £148k | — | 0 | unclear | — | no doubt |