THE REDEEMED CHRISTIAN CHURCH OF GOD, HOUSE OF LOVE COVENTRY
A. The furtherance of the Christian faithB. Providing a serviceable place for Christian principles and practices to be taught, developed within the local community and the neighbourhood it serves.
Financial health, per its FY2024 accounts
The accounts state that the charity reported an operating surplus of £17,418 for the year ended 31st December 2024, with total unrestricted funds carried forward of £86,563. Per the trustees' report, the charity holds a cash balance of £79,142 and has paid all bills for the year, indicating adequate resources to continue operations. The trustees note that a reserves policy is currently under review, but no specific target or deficiency is disclosed.
What the accounts disclose
“During the year, the church made donations and contributions to other RCCG and charitable organisations as shown in note 3 under Central Office and Charitable Giving.” — page 18
Trustees
- ADEDOYIN ADEGBENLE
- Carine KAHUNGU
- Dr Adebola Ogunoiki
- Dr Mosunmola Fapohunda
- Oladapo Awosokanre
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £55k | £38k |
| 31/12/2023 | £44k | £34k |
| 31/12/2022 | £38k | £29k |
| 31/12/2021 | £24k | £16k |
| 31/12/2020 | £23k | £10k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD, HOUSE OF LOVE COVENTRY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported an operating surplus of £17,418 for the year ended 31st December 2024, with total unrestricted funds carried forward of £86,563. Per the trustees' report, the charity holds a cash balance of £79,142 and has paid all bills for the year, indicating adequate resources to continue operations. The trustees note that a reserves policy is currently under review, but no specific target or deficiency is disclosed. Its FY2024 accounts were independently examined.