THE REDEEMED EVANGELICAL MISSION (TREM) MARKS GATE LONDON
To educate people in the word of God, to teach knowledge of Jesus Christ all over UK. To help in relief of poverty in all parts of the world; directly to our members, their families, members of local, national and international communities as occasion would demand, in cash and in kind
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased significantly to £466,035, up from £181,367 in the prior year, driven by a net income surplus of £284,668. The charity holds substantial cash reserves of £450,682 against minimal current liabilities of £1,134, indicating strong liquidity. The independent examiner confirmed that accounting records were kept and the financial statements comply with applicable requirements.
What the accounts disclose
Trustees
- OLUSEGUN ADEYEMI BANKOLEchair
- BEATRICE OLUSOLA FAYENUWO
- OLAYEMI OLAKEMI ADESANYA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £389k | £104k |
| 31/12/2023 | £128k | £102k |
| 31/12/2022 | £90k | £82k |
| 31/12/2021 | £79k | £60k |
| 31/12/2020 | £92k | £55k |
Common questions
Is THE REDEEMED EVANGELICAL MISSION (TREM) MARKS GATE LONDON financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased significantly to £466,035, up from £181,367 in the prior year, driven by a net income surplus of £284,668. The charity holds substantial cash reserves of £450,682 against minimal current liabilities of £1,134, indicating strong liquidity. The independent examiner confirmed that accounting records were kept and the financial statements comply with applicable requirements. Its FY2024 accounts were independently examined.