THE REDEEMED CHRISTIAN CHURCH OF GOD, THE CHAPEL OUTREACH NORWICH
Weekly Church Services on Wednesdays, Sunday and first Friday of every month to minister to the physical,spiritual and material needs of the congregants.Focusing on the Material needs of certain members undergoing difficult financial situations.Working with other Christian agencies and Churches in Norwich to advance the preaching of the Gospel.
Financial health, per its FY2024 accounts
The charity reported a net income surplus of £39,256 for the year, increasing its total unrestricted funds to £72,355. Cash reserves stood at £84,888, significantly exceeding the £5,000 earmarked reserve policy. The accounts were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“For the first time, the charity has produced reserve holding policy which explains why the need to keep money aside instead of spending it on your charity’s aims, how much our charity holds in reserve, why our charity needs to hold this amount in reserve and what the charity’s reserves can be spent on” — page 3
Trustees
- GLORIA OMOSEFE ORAGBON
- JENNIFER ANNE WHITE
- OLUSEGUN TEMITOPE OLAYEMI
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £94k | £55k |
| 31/12/2023 | £66k | £43k |
| 31/12/2022 | £23k | £17k |
| 31/12/2021 | £17k | £12k |
| 31/12/2020 | £16k | £9k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD, THE CHAPEL OUTREACH NORWICH financially healthy?
Per its FY2024 accounts: The charity reported a net income surplus of £39,256 for the year, increasing its total unrestricted funds to £72,355. Cash reserves stood at £84,888, significantly exceeding the £5,000 earmarked reserve policy. The accounts were prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.