The Redeemed Christian Church of God - Salvation Theatre Dudley
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net outgoing of resources of £5,108 for the year, resulting in a decrease in unrestricted funds from £46,467 to £41,359. The trustees' report indicates that the charity's reserves policy target of £5,000 is met, as the balance in the savings bank account matches this target. The charity is qualified for statutory audit exemption and has no creditors due within one year.
What the accounts disclose
“It is the Church’s policy to maintain a balance on unrestricted funds (if possible), which equates to at least three months unrestricted payments, equivalent to £5,000” — page 4
Trustees
- Taiwo Akinladechair
- ADEOLA AKINLADE
- Adekunle Oluwatosin Bakare
- Adewale Kuboye
- SIMEON OLUWASANMI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £181k | £64k |
| 31/12/2024 | £92k | £97k |
| 31/12/2023 | £92k | £84k |
| 31/12/2022 | £71k | £45k |
| 31/12/2021 | £22k | £23k |
Common questions
Is The Redeemed Christian Church of God - Salvation Theatre Dudley financially healthy?
The accounts state that the charity reported a net outgoing of resources of £5,108 for the year, resulting in a decrease in unrestricted funds from £46,467 to £41,359. The trustees' report indicates that the charity's reserves policy target of £5,000 is met, as the balance in the savings bank account matches this target. The charity is qualified for statutory audit exemption and has no creditors due within one year. Its FY2024 accounts were independently examined.
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