THE REDEEMED CHRISTIAN CHURCH OF GOD("RCCG") PALACE OF GRACE
Advancement of Christian faith and relieving of poverty
Financial health, per its FY2024 accounts
The accounts state that unrestricted free reserves of £3,471 are below the trustees' stated policy target of covering 2 to 4 months of expenditure. The charity reports a net income surplus of £1,660 for the year, funded primarily by voluntary donations and gift aid, with total resources expended amounting to £64,802.
What the accounts disclose
“The present free reserve is below the policy range.” — page 5
Trustees
- Pastor Michael Ebhogiayechair
- Deaconess Lauretta Abosede Adedotun Onanuga
- Pastor Ibukun Joseph Aderibigbe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £38k | £36k |
| 31/12/2023 | £28k | £29k |
| 31/12/2022 | £14k | £17k |
| 31/12/2021 | £12k | £8k |
| 31/12/2020 | £6k | £6k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD("RCCG") PALACE OF GRACE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted free reserves of £3,471 are below the trustees' stated policy target of covering 2 to 4 months of expenditure. The charity reports a net income surplus of £1,660 for the year, funded primarily by voluntary donations and gift aid, with total resources expended amounting to £64,802. Its FY2024 accounts were independently examined.