THE REDEEMED CHRISTIAN CHURCH OF GOD GRACE ASSEMBLY STOURBRIDGE
The sharing of God's love through godly lifestyle. Our meetings are open to all; we study, share the christian faith and life experiences.We support each other in the journey of life.
Financial health, per its FY2024 accounts
The accounts state that unrestricted free reserves of £16,566 are within the trustees' stated policy target range of £4,250 to £6,000. The charity reported total incoming resources of £42,347 against total resources expended of £31,607, resulting in a net surplus for the year. The independent examiner confirmed that no material matters came to their attention regarding the accounts.
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 to £4,250 to £6,000 in general funds.” — page 6
Trustees
- Agnes Olubunmi Biu
- Esther Adeola Olofinusi
- Oluwole Oyenekan
- VINCENT OLUBUNMI BALOGUN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £42k | £32k |
| 31/12/2023 | £24k | £23k |
| 31/12/2022 | £14k | £15k |
| 31/12/2021 | £11k | £11k |
| 31/12/2020 | £13k | £13k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD GRACE ASSEMBLY STOURBRIDGE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted free reserves of £16,566 are within the trustees' stated policy target range of £4,250 to £6,000. The charity reported total incoming resources of £42,347 against total resources expended of £31,607, resulting in a net surplus for the year. The independent examiner confirmed that no material matters came to their attention regarding the accounts. Its FY2024 accounts were independently examined.