THE REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') LIVING WATER PARISH
Turn the heart of men back to God.Feed the word of God to those who are hungry, to satisfy their longing souls.Equip the heart of man with the weapon to set it free from mediocre mentality.Nourish man with the word to turn loose the power of God in a man to be blessing.Enrich the spirit with the vitality of eternal life with an assurance of the crown of glory.
Objects
1) THE ADVANCEMENT OF THE CHRISTIAN FAITH WORLD-WIDE IN ACCORDANCE WITH THE DOCTRINES SET OUT IN THE STATEMENT OF FAITH CONTAINED IN THE SCHEDULE2) THE RELIEF OF POVERTYTHE TRUSTEES MUST USE THE INCOME AND MAY USE THE CAPITAL OF THE TRUST IN PROMOTING THE OBJECTS
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £429,410 to £404,487 due to a net expenditure exceeding income. The trustees report that the immediate financial position is good and the long-term position is stable, with reserves held as an emergency fund. The charity operates on a going concern basis with adequate resources for the foreseeable future.
What the accounts disclose
“The Board of Trustees has established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charitable organisation should be Three (3) months of annual expenditure.” — page 29
“The Redeemed Church of God Living Water Parish is a 100% share holder of LWP Assets investment Ltd, The activities of this company is buying selling and letting of its own real estate.” — page 4
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints handling
- Complaints policy and procedures
- Conflicting interests
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Paying staff
- Risk management
- Safeguarding policy and procedures
- Safeguarding vulnerable beneficiaries
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Structured financials (annual return, FY ending 31/12/2023)
Trustees
- Dr DAVID OLUSOLA OLUDOYIchair
- AYODEJI PHILIP COO
- SAMUEL OLADELE BAKARE
- VICTORIA MODUPEOLA ATERE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £492k | £516k |
| 31/12/2023 | £535k | £424k |
| 31/12/2022 | £439k | £373k |
| 31/12/2021 | £417k | £381k |
| 31/12/2020 | £356k | £375k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') LIVING WATER PARISH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £429,410 to £404,487 due to a net expenditure exceeding income. The trustees report that the immediate financial position is good and the long-term position is stable, with reserves held as an emergency fund. The charity operates on a going concern basis with adequate resources for the foreseeable future. Its FY2024 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Sport England | 28/10/2025 | £15k | Living Water Active Communities: Sports & Wellbeing for All |