REDEEMED CHRISTIAN CHURCH OF GOD VICTORY @ READING
PROVIDING COUNSELLING SERVICES TO MEMBERS OF THE COMMUNITY. WE SUPPORT AND ENCOURAGE YOUNG PEOPLE, WE HAVE SPONSORED WITH COLLABORATION WITH OTHER CHARITIES SEMINARS ON TEENAGE PREGNANCY AND HOW TO DEAL WITH THE CHALLENGNES ARISING FROM THIS.
Financial health, per its FY2025 accounts
The accounts state that the charity's unrestricted reserves stood at £138,915, representing a net surplus for the year. The trustees report that finances remain strong despite a drop in voluntary income, which was offset by a larger reduction in expenses. The charity holds significant fixed assets, including freehold premises valued at £578,471, while carrying mortgage liabilities of £290,649.
What the accounts disclose
Trustees
- OLAMIDE ADESANYA
- SAMUEL OLUWAFEMI ODEWUNMI
- THEOPHILUS OLASUNKANMI AWOFADEJU
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £165k | £137k |
| 31/03/2024 | £200k | £183k |
| 31/03/2023 | £187k | £146k |
| 31/03/2022 | £134k | £131k |
| 31/03/2021 | £159k | £119k |
Common questions
Is REDEEMED CHRISTIAN CHURCH OF GOD VICTORY @ READING financially healthy?
Per its FY2025 accounts: The accounts state that the charity's unrestricted reserves stood at £138,915, representing a net surplus for the year. The trustees report that finances remain strong despite a drop in voluntary income, which was offset by a larger reduction in expenses. The charity holds significant fixed assets, including freehold premises valued at £578,471, while carrying mortgage liabilities of £290,649. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 08/12/2023 | £10k | EXTENSION OF KITCHEN FACILITY |
Charities like this
- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') VICTORY HOUSE
- REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT
- REDEEMED CHRISTIAN CHURCH OF GOD DISCIPLESHIP CENTRE PORTSMOUTH LTD
- THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE
- THE REDEEMED CHRISTIAN CHURCH OF GOD, COVENANT OF GRACE
- HAPPY CHURCH - THE CHRISTIAN ACTION FAITH MINISTRIES
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 VICTORY @ READING | £165k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') VICTORY HOUSE | £1.3m | £110,001 - £120,000 | — | unclear | — | material uncertainty |
| REDEEMED CHRISTIAN CHURCH OF GOD ("RCCG") MAJESTY COURT | £217k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD DISCIPLESHIP CENTRE PORTSMOUTH LTD | £265k | — | 0 | within | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE | £213k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, COVENANT OF GRACE | £239k | — | 0 | unclear | — | no doubt |