REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING FAITH CONNECTIONS
Financial health, per its FY2022 accounts
The accounts state that the charity's unrestricted funds are negative, standing at a deficit of £50,212 as of 31 December 2022. The trustees acknowledge that the current level of unrestricted funds is below their stated reserves policy target and have plans to address this by cutting costs. The charity remains in trading despite these financial challenges and contingent liabilities.
What the accounts disclose
“One trustee was engaged as a pastor and paid £39,846.88 as stipend and allowance for the year ended 31 December 2022.” — page 11
“The trustees are fully aware that the current level of the unrestricted fund is below the required level.” — page 5
“The charity is still trading despite the challenges experienced during the year.” — page 5
“One trustee was engaged as a pastor and paid £39,846.88 as stipend and allowance for the year ended 31 December 2022.” — page 11
Trustees
- OLADAYO ODUGBILEchair
- EMMANUEL ADEYEMI
- OLUTAYO OSADUGBA
- PASTOR CHRISTIAN TEMITOPE ADEOYE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £127k | £123k |
| 31/12/2023 | £135k | £126k |
| 31/12/2022 | £112k | £112k |
| 31/12/2021 | £117k | £124k |
| 31/12/2020 | £115k | £117k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING FAITH CONNECTIONS financially healthy?
The accounts state that the charity's unrestricted funds are negative, standing at a deficit of £50,212 as of 31 December 2022. The trustees acknowledge that the current level of unrestricted funds is below their stated reserves policy target and have plans to address this by cutting costs. The charity remains in trading despite these financial challenges and contingent liabilities. Its FY2022 accounts were independently examined.
What does the highest-paid employee of REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) LIVING FAITH CONNECTIONS earn?
Per its FY2022 accounts, the highest-paid employee was in the £30,001 - £40,000 band.
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