THE REDEEMED CHRISTIAN CHURCH OF GOD, VINEYARD CHAPEL
Financial health, per its FY2024 accounts
The accounts state a net gain of £31,071 for the year ended 31 December 2024, with total incoming resources of £202,838 against resources expended of £171,768. Per the trustees' report, unrestricted reserves of £443,429 match the stated policy target of at least £5,000. The charity has taken on a £160,000 mortgage for property acquisition, but the trustees consider the state of affairs to be satisfactory.
What the accounts disclose
Trustees
- SAMSON OLUMAYOWA ABIDOGUNchair
- Olatunji Olayinka Oketikun
- Oluseyi Oladosu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £245k | £190k |
| 31/12/2024 | £203k | £172k |
| 31/12/2023 | £177k | £150k |
| 31/12/2022 | £129k | £97k |
| 31/12/2021 | £88k | £47k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD, VINEYARD CHAPEL financially healthy?
The accounts state a net gain of £31,071 for the year ended 31 December 2024, with total incoming resources of £202,838 against resources expended of £171,768. Per the trustees' report, unrestricted reserves of £443,429 match the stated policy target of at least £5,000. The charity has taken on a £160,000 mortgage for property acquisition, but the trustees consider the state of affairs to be satisfactory. Its FY2024 accounts were independently examined.