RCCG KINGDOM OF PRAISE AND THANKSGIVING HACKNEY
Financial health, per its FY2024 accounts
The accounts state that the charity held unrestricted reserves of £152,730 as of 31 May 2024, representing a net increase from the previous year. The trustees have stated a policy target to maintain unrestricted funds at a level equating to approximately three months of unrestricted expenditure. The independent examiner confirmed that no matters came to their attention requiring further explanation.
What the accounts disclose
“The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.” — page 6
Trustees
- PASTOR AKINTAYO AIYEGBUSIchair
- BAMIDELE JACKSON KOLAWOLE
- DEACON MICHAEL OLUFEMI BOLORUNDURO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/05/2025 | £146k | £160k |
| 31/05/2024 | £156k | £155k |
| 31/05/2023 | £155k | £164k |
| 31/05/2022 | £93k | £140k |
| 31/05/2021 | £201k | £95k |
Common questions
Is RCCG KINGDOM OF PRAISE AND THANKSGIVING HACKNEY financially healthy?
The accounts state that the charity held unrestricted reserves of £152,730 as of 31 May 2024, representing a net increase from the previous year. The trustees have stated a policy target to maintain unrestricted funds at a level equating to approximately three months of unrestricted expenditure. The independent examiner confirmed that no matters came to their attention requiring further explanation. Its FY2024 accounts were independently examined.
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