THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE"
Advancement of christian faith, through worship, celebration and fellowship with members of the general public within our local community.Relief of poverty, through christian counselling, seminars and workshop, provision of financial, humaneterian and material assistance for member of our local community.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net surplus of £12,765 for the year ended 31 December 2024, with total unrestricted reserves of £166,327. The trustees consider the charity to be a going concern, although they note that activities are dependent on uncertain future funding streams. Free reserves of £53,944 exceed the stated policy target of £33,000.
What the accounts disclose
“The trustees aim to hold free reserves equivalent to 3 months of regular charitable expenditure (target £33,000). At 31 December 2024, free reserves were £53,944 which is target.” — page 6
“The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well as trading revenues. As a consequence, the going concern basis is dependent on the future flow of these uncertain funding streams.” — page 11
Trustees
- OLAOLU ADEWALE ADEYEMI
- OLUWASOLA OLAMIDOTUN ODEYEMI
- OMOTUNDE AYODELE OLADIPO
- SOLOMON ADEBOWALE ADEGOKE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £150k | £137k |
| 31/12/2023 | £157k | £134k |
| 31/12/2022 | £131k | £123k |
| 31/12/2021 | £114k | £120k |
| 31/12/2020 | £129k | £106k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net surplus of £12,765 for the year ended 31 December 2024, with total unrestricted reserves of £166,327. The trustees consider the charity to be a going concern, although they note that activities are dependent on uncertain future funding streams. Free reserves of £53,944 exceed the stated policy target of £33,000. 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 |
|---|---|---|---|---|---|---|
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CITY OF TRUTH | £116k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD JESUS ASSEMBLY | £249k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CHRIST FOR LIFE | £143k | — | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD PRAISE EMBASSY ETON WICK | £153k | — | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD - GREAT GRACE ASSEMBLY | £266k | — | 0 | above | — | no doubt |