REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') RENEWAL GROUND PARISH
Purely Religious Activities only.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £12,438 for the year ended 31 December 2024, resulting in total net assets of £90,073. Per the trustees' report, the free reserves of £90,073 are above the stated policy target range of £12,000 - £24,000, which is designed to cover 3 to 6 months of expenditure. The charity is currently renting its place of worship and continues to seek additional funds to boost reserves further.
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 roughly £12,000 - £24,000.” — page 6
Trustees
- OLATADE SUNDAY AMOSchair
- EMMANUEL ELEANYA EGBOCHUO
- JOHN OLAYINKA FARAYIBI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £109k | £98k |
| 31/12/2023 | £146k | £94k |
| 31/12/2022 | £74k | £76k |
| 31/12/2021 | £76k | £65k |
| 31/12/2020 | £65k | £61k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') RENEWAL GROUND PARISH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net increase in funds of £12,438 for the year ended 31 December 2024, resulting in total net assets of £90,073. Per the trustees' report, the free reserves of £90,073 are above the stated policy target range of £12,000 - £24,000, which is designed to cover 3 to 6 months of expenditure. The charity is currently renting its place of worship and continues to seek additional funds to boost reserves further. Its FY2024 accounts were independently examined.
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- REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MOUNT ZION
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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') RENEWAL GROUND PARISH | £109k | — | 0 | above | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') (INSPIRATION HOUSE) | £481k | Under £60,000 | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) FAITH CHAPEL | £183k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MOUNT ZION | £229k | — | 0 | above | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") GARDEN OF THE LORD | £102k | — | 0 | below | — | no doubt |