REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIBERTY CHRISTIAN CONNECTIONS
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?
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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