THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL CHAPEL
Revival Chapel is a local church.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net movement in funds of £3,631 for unrestricted resources, while restricted resources showed a deficit of £1,625. The trustees have established a reserves policy target of three months of annual expenditure, though the specific free reserves figure is not explicitly stated in the provided text to compare against this target. The independent examiner confirmed that no matters came to their attention regarding compliance with accounting records or statutory requirements.
What the accounts disclose
“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 3
Trustees
- VICTOR ADEDAYO ADEBAYOchair
- OLUSOLA AJIBOLA
- PASTOR EMMANUEL OLAWUYI
- SUNNY OLAWALE SOBOGUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £49k | £45k |
| 31/12/2023 | £31k | £33k |
| 31/12/2022 | £34k | £38k |
| 31/12/2021 | £38k | £36k |
| 31/12/2020 | £34k | £34k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD REVIVAL CHAPEL financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net movement in funds of £3,631 for unrestricted resources, while restricted resources showed a deficit of £1,625. The trustees have established a reserves policy target of three months of annual expenditure, though the specific free reserves figure is not explicitly stated in the provided text to compare against this target. The independent examiner confirmed that no matters came to their attention regarding compliance with accounting records or statutory requirements. Its FY2024 accounts were independently examined.