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THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY

Registered charity 1146132 · accounts filings on the Charity Commission register · also known as PRAISE CITY CHURCH

Latest income
£108k
Latest spending
£111k
Registered
2012
Accounts read
FY2022

Financial health, per its FY2022 accounts

The accounts state that the charity reported a surplus of £3,565 for the year ended 31 December 2022. However, unrestricted reserves are reported as a deficit of £26,073, which is below the trustees' stated policy target of retaining sufficient free reserves to equate to a minimum of three months of unrestricted expenditure.

What the accounts disclose

Reserves policy: three months of unrestricted expenditure (held: £-26k)
“The Trustees aim to retain sufficient free reserves at a level which equates to a minimum of three month unrestricted expenditure.” — page 4
Per its FY2022 accounts as filed with the Charity Commission.

Accounts independently examined (not a full audit).

Trustees

Trustee list from the Charity Commission register (current, not historical).

Operates in: Greenwich

Income and spending

Financial year endIncomeSpending
31/12/2024£108k£111k
31/12/2023£115k£109k
31/12/2022£85k£82k
31/12/2021£79k£78k
31/12/2020£65k£49k

Common questions

Is THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY financially healthy?

The accounts state that the charity reported a surplus of £3,565 for the year ended 31 December 2022. However, unrestricted reserves are reported as a deficit of £26,073, which is below the trustees' stated policy target of retaining sufficient free reserves to equate to a minimum of three months of unrestricted expenditure. Its FY2022 accounts were independently examined.

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