THE REDEEMED CHRISTIAN CHURCH OF GOD, TRINITY ZONE
Religious activities
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £11,872 for the year ended 31 December 2024, resulting in total unrestricted funds of £28,891. The trustees have established a reserves policy target of three months of annual expenditure, which the current free reserves fall below. The financial statements were prepared on a going concern basis with no material uncertainties disclosed.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the church in the event of a significant drop in funding.” — page 7
“Trinity Zone parish is a member of the Redeemed Christian Church of God (RCCG) which has parishes all over the world. The parish's relationship with RCCG and other parishes is governed by an "Agreement for Common Purposes".” — page 4
Trustees
- AYANYEMI AYODELE KOLA-AYANNOWOchair
- ABIMBOLA ABIODUN OYEDELE
- ADEOLA ADENIKE AKINGBADE
- CHARITY IGHOEZI OKOREFE
- EDITH NNENNE EZEKWE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £39k | £51k |
| 31/12/2023 | £40k | £44k |
| 31/12/2022 | £44k | £41k |
| 31/12/2021 | £47k | £46k |
| 31/12/2020 | £25k | £23k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD, TRINITY ZONE financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £11,872 for the year ended 31 December 2024, resulting in total unrestricted funds of £28,891. The trustees have established a reserves policy target of three months of annual expenditure, which the current free reserves fall below. The financial statements were prepared on a going concern basis with no material uncertainties disclosed. Its FY2024 accounts were independently examined.