REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIBERTY CHRISTIAN CONNECTIONS
To seek the advancement of the Christian religion in accordance with the teachings of the Redeemed Christian Church of God and to educate people in the Word of God. To teach the knowledge of Jesus Christ all over the Redbridge and Essex county and beyond
Financial health, per its FY2024 accounts
The accounts state that the charity maintained financial stability with unrestricted reserves of £1,121,089, which exceeds the stated policy target of three months of annual expenditure. The charity reported a net income increase to £104,614 and held significant cash reserves, indicating a strong liquidity position despite having outstanding long-term borrowings.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.” — page 4
Structured financials (annual return, FY ending 31/12/2022)
Trustees
- OLUKEMI OWOLABIchair
- Dr FRANCIS AKINKUNMI OLADIMEJI
- OLUSEYI ANTHONY FAWOLE
- Rev ADEKUNLE ABRAHAM BAMGBOSE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £486k | £382k |
| 31/12/2023 | £469k | £467k |
| 31/12/2022 | £530k | £394k |
| 31/12/2021 | £499k | £276k |
| 31/12/2020 | £459k | £295k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIBERTY CHRISTIAN CONNECTIONS financially healthy?
Per its FY2024 accounts: The accounts state that the charity maintained financial stability with unrestricted reserves of £1,121,089, which exceeds the stated policy target of three months of annual expenditure. The charity reported a net income increase to £104,614 and held significant cash reserves, indicating a strong liquidity position despite having outstanding long-term borrowings. Its FY2024 accounts were independently examined.
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- REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF FAITH CONNECTIONS
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- THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WATER PARISH, STOKE-ON-TRENT
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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) LIBERTY CHRISTIAN CONNECTIONS | £486k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF FAITH CONNECTIONS | £248k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | £217k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING FAITH CONNECTIONS | £127k | £33,400 | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WATER PARISH, STOKE-ON-TRENT | £348k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE | £213k | — | 0 | unclear | — | no doubt |