THE REDEEMED CHRISTIAN CHURCH OF GOD - STILLWATERS COLCHESTER
The advancement of Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure of £58,478 for the year, resulting in a decrease in total funds from £850,882 to £792,405. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves stood at £621,487, which the trustees consider appropriate given their policy target of three months of average annual expenditure.
What the accounts disclose
“the unrestricted funds not committed or invested in tangible fixed assets (‘the free reserves’) held by the charitable company should be 3 months of average annual expenditure.”
“The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2024.” — page 33
Property (HM Land Registry)
Trustees
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £361k | £419k |
| 31/12/2023 | £414k | £358k |
| 31/12/2022 | £304k | £262k |
| 31/12/2021 | £253k | £225k |
| 31/12/2020 | £232k | £213k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD - STILLWATERS COLCHESTER financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure of £58,478 for the year, resulting in a decrease in total funds from £850,882 to £792,405. The trustees confirm that the charity has adequate resources to continue in operational existence for the foreseeable future. Unrestricted reserves stood at £621,487, which the trustees consider appropriate given their policy target of three months of average annual expenditure. 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 - STILLWATERS COLCHESTER | £361k | — | 0 | unclear | — | no doubt |
| 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 - MY FATHER'S HOUSE, DUNSTABLE | £136k | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD LIVING WATER PARISH, STOKE-ON-TRENT | £348k | — | 0 | unclear | — | no doubt |