THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY
The principal objectives of the charity as set out in the Declaration of Trust are the advancement of the Christian faith worldwide and the relief of poverty.This was achieved by making donations to RCCG Head Quarters for the World wide Evangelicalmission and Festival Of Life. Donations were also made to support other charities and christian events.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £2,132 for the year ended 31st December 2024, compared to a surplus in the previous year. Per the trustees' report, the charity aims to retain free reserves equivalent to a minimum of three months of unrestricted expenditure to meet commitments. The total unrestricted funds carried forward were £9,770, which is below the implied policy target given the annual expenditure levels.
What the accounts disclose
“Tithes and offerings 85,026” — page 10
“The Trustees aim to retain sufficient free reserves at a level which equates to a minimum of three month unrestricted expenditure.” — page 4
Trustees
- ABIODUN OLAITANchair
- Adedoyin Odewale
- CHRISTY OLADELE
- PASTOR ADEDAMOLA TIMOTHY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 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?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £2,132 for the year ended 31st December 2024, compared to a surplus in the previous year. Per the trustees' report, the charity aims to retain free reserves equivalent to a minimum of three months of unrestricted expenditure to meet commitments. The total unrestricted funds carried forward were £9,770, which is below the implied policy target given the annual expenditure levels. Its FY2024 accounts were independently examined.
Charities like this
- THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE"
- THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS
- THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE
- THE REDEEMED CHRISTIAN CHURCH OF GOD AND RCCG LIFE OASIS PARISH
- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS
- THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) RABBONI PARISH
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 - PRAISE CITY | £108k | — | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD "CITY OF HIS GRACE" | £150k | — | 0 | above | — | noted |
| THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS | £2.8m | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD (RCCG) CITY OF PRAISE | £213k | — | 0 | unclear | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD AND RCCG LIFE OASIS PARISH | £124k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS | £1.2m | £140,001 - £150,000 | — | below | — | no doubt |