THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS
The activities of the charity includes the advancement of Christian faith worldwide in accordance with the doctrine set out in the Statement of Faith and other related activities set out in the trustee deed and promoting, the relief of poverty.
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds total £1,725,382, which exceeds the charity's policy target of maintaining sufficient funds to cover management, administration, and support costs. The charity reported a net incoming resource of £1,600,556 for the year, resulting in a significant increase in total funds from £1,318,296 to £2,918,852. There are no restricted funds, endowments, or material uncertainties disclosed regarding the charity's financial position.
What the accounts disclose
“Donations, legacies and other Income 2,366,990” — page 7
“It is the policy of the Charity to maintain unrestricted funds at a level which provides sufficient funds to cover management and administration and, support costs.” — page 5
Structured financials (annual return, FY ending 30/11/2024)
Trustees
- Solomon Sonubichair
- Emmanuel Eniraiyetan
- Gbemisola Jegede
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/11/2024 | £2.8m | £1.2m |
| 30/11/2023 | £1.1m | £270k |
| 30/11/2022 | £591k | £382k |
| 30/11/2021 | £540k | £311k |
| 30/11/2020 | £487k | £474k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CONNECTIONS financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds total £1,725,382, which exceeds the charity's policy target of maintaining sufficient funds to cover management, administration, and support costs. The charity reported a net incoming resource of £1,600,556 for the year, resulting in a significant increase in total funds from £1,318,296 to £2,918,852. There are no restricted funds, endowments, or material uncertainties disclosed regarding the charity's financial position. Its FY2024 accounts were independently examined.
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- REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS
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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 CONNECTIONS | £2.8m | — | 0 | above | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD - PRAISE CITY | £108k | — | 0 | below | — | no doubt |
| THE REDEEMED CHRISTIAN CHURCH OF GOD, CITY OF VICTORY | £141k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD ('RCCG') ROYAL CONNECTIONS | £1.2m | £140,001 - £150,000 | — | below | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD - HOUSE OF FAITH CONNECTIONS | £248k | — | 0 | unclear | — | no doubt |
| REDEEMED CHRISTIAN CHURCH OF GOD - MAJESTY CONNECTIONS | £303k | — | 0 | unclear | — | no doubt |