REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF LIFE
Religious activities
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £8,968, increasing its total unrestricted funds to £63,979. The trustees maintain a reserves policy aiming to hold up to six months of expenditure, and the current unrestricted reserves significantly exceed this target. The independent examiner reported no matters requiring attention, and the accounts were prepared on a going concern basis.
What the accounts disclose
“The Trustees therefore aim to hold up to six months of expenditure as unrestricted funds.”
Trustees
- Babatunde Joseph
- IBUKUN AJAYI
- NIYI MURELE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £99k | £90k |
| 31/03/2024 | £100k | £103k |
| 31/03/2023 | £101k | £99k |
| 31/03/2022 | £91k | £90k |
| 31/03/2021 | £118k | £82k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD FOUNTAIN OF LIFE financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a surplus of £8,968, increasing its total unrestricted funds to £63,979. The trustees maintain a reserves policy aiming to hold up to six months of expenditure, and the current unrestricted reserves significantly exceed this target. The independent examiner reported no matters requiring attention, and the accounts were prepared on a going concern basis. Its FY2025 accounts were independently examined.