REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL
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 Watford and beyond.
Financial health, per its FY2024 accounts
The accounts state that the charity generated a surplus of £27,528 for the year, with total incoming resources of £113,753 against expenditures of £86,225. The trustees report that unrestricted free reserves stand at £464,214, which exceeds their stated policy target of three months of annual expenditure. The independent examiner confirmed that no matters came to their attention requiring further disclosure.
What the accounts disclose
“This is provided mainly through voluntary tithes and offerings by the church members and occasionally donations by non-church members” — page 7
“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 7
“Chapel of Glory International parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".” — page 4
Trustees
- BABADAMILOLA SIYANBOLA
- OLAJIDE ALABI
- OLAYINKA BAZUAYE
- SEMANDE KAYODE TANIMOWO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £114k | £86k |
| 31/12/2023 | £124k | £81k |
| 31/12/2022 | £111k | £60k |
| 31/12/2021 | £84k | £38k |
| 31/12/2020 | £76k | £38k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD CHAPEL OF GLORY INTERNATIONAL financially healthy?
Per its FY2024 accounts: The accounts state that the charity generated a surplus of £27,528 for the year, with total incoming resources of £113,753 against expenditures of £86,225. The trustees report that unrestricted free reserves stand at £464,214, which exceeds their stated policy target of three months of annual expenditure. The independent examiner confirmed that no matters came to their attention requiring further disclosure. Its FY2024 accounts were independently examined.
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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 CHAPEL OF GLORY INTERNATIONAL | £114k | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY | £249k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD NEWNESS OF LIFE CHRISTIAN CENTRE | £229k | Under £60,000 | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CITY OF TRUTH | £116k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CHRIST FOR LIFE | £143k | — | 0 | below | — | no doubt |