CHRIST THE REDEEMER COLLEGE
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £280,715, bringing total unrestricted funds to £3,631,567. The trustees report that reserves are managed to maintain a buffer of approximately £270,000, which is well below the actual unrestricted reserves held. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified.
What the accounts disclose
“the policy requires reserves cover in the region of £270,000 be maintained.” — page 8
“The charitable company paid £14,665 (2024: £3,575) to 3 trustees for lecturing services provided during the year.” — page 39
“During the year, the charitable company sold a car for £20,000 to one of its trustees.” — page 39
“The charitable company paid £14,665 (2024: £3,575) to 3 trustees for lecturing services provided during the year.” — page 39
“During the year, the charitable company sold a car for £20,000 to one of its trustees.” — page 39
Structured financials (annual return, FY ending 31/07/2025)
Trustees
- MICHAEL ABIOLA OMOLEWAchair
- AFOLARIN AYODEJI JIMOH
- Angela Ifonlaja
- CORNELIUS BABATUNDE ALALADE
- DAVID OLUSOLA OLUDOYI
- Dr Daniel Akhazemea
- Dr JOHN EBINUM OPUTE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/07/2025 | £3.0m | £2.7m |
| 31/07/2024 | £2.2m | £2.0m |
| 31/07/2023 | £1.9m | £1.5m |
| 31/07/2022 | £1.2m | £807k |
| 31/07/2021 | £1.1m | £750k |
Common questions
Is CHRIST THE REDEEMER COLLEGE financially healthy?
The accounts state that the charity generated a surplus of £280,715, bringing total unrestricted funds to £3,631,567. The trustees report that reserves are managed to maintain a buffer of approximately £270,000, which is well below the actual unrestricted reserves held. The auditors confirmed that the use of the going concern basis of accounting is appropriate with no material uncertainties identified. Its FY2025 accounts were audited by Accendo Consulting Ltd.