THE GRATEFUL CHURCH (RCCG)
The Grateful Church RCCG currently fulfils its objectives by observing the following activities; 1. Youth Center, Training & Development2. Worship Centre, the organisation meets weekly for Christian worship, ministering in songs and Christian teachings3. Counselling and Drop in session4. Mothers and Toddlers Group5. Community Safety Awareness & Health Advice6. Food Bank
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net expenditure deficit of £19,552 for the year ended 31 December 2024, with total income of £89,042 against charitable expenditure of £108,594. Per the trustees' report, unrestricted reserves were £76,420, which is above the stated policy target of £20,000 to £40,000. The charity holds significant fixed assets valued at £264,622, primarily comprising a leasehold property.
What the accounts disclose
“The trustees' policy is to have unrestricted and uncommitted funds (free reserves) to cover 3 to 6 months of resources expended which equals roughly £20,000 to £40,000 in general funds.” — page 10
Property (HM Land Registry)
Trustees
- ADELEKE IGEchair
- DR CHUKS NWULIA MBBS, MBA
- SEUN OGIDIOLU
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £89k | £109k |
| 31/12/2023 | £70k | £68k |
| 31/12/2022 | £57k | £52k |
| 31/12/2021 | £49k | £46k |
| 31/12/2020 | £51k | £37k |
Common questions
Is THE GRATEFUL CHURCH (RCCG) financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net expenditure deficit of £19,552 for the year ended 31 December 2024, with total income of £89,042 against charitable expenditure of £108,594. Per the trustees' report, unrestricted reserves were £76,420, which is above the stated policy target of £20,000 to £40,000. The charity holds significant fixed assets valued at £264,622, primarily comprising a leasehold property. Its FY2024 accounts were independently examined.