THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE
Financial health, per its FY2025 accounts
The accounts state that unrestricted funds increased to £97,472, exceeding the previous year's £82,054. The trustees report that this level of free reserves meets their policy target of three months of annual expenditure, providing confidence to continue activities despite potential funding drops. Total incoming resources were £208,776 against total resources expended of £193,358, resulting in a net surplus for the period.
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 6
“LIVING BREAD NEWCASTLE 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 3
Trustees
- Rev JOHN BABATOPE AMEOBI PHDchair
- ADESEGUN BOLA SOLANKE
- BABATOPE EMMANUEL AGUNTASOLO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £209k | £193k |
| 31/12/2024 | £189k | £147k |
| 31/12/2023 | £135k | £102k |
| 31/12/2022 | £73k | £75k |
| 31/12/2021 | £69k | £70k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING BREAD NEWCASTLE financially healthy?
The accounts state that unrestricted funds increased to £97,472, exceeding the previous year's £82,054. The trustees report that this level of free reserves meets their policy target of three months of annual expenditure, providing confidence to continue activities despite potential funding drops. Total incoming resources were £208,776 against total resources expended of £193,358, resulting in a net surplus for the period. Its FY2025 accounts were independently examined.
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