THE REDEEMED CHRISTIAN CHURCH OF GOD THE KING'S GLORY CHURCH
To provide religious activities
Financial health, per its FY2024 accounts
The accounts state that unrestricted net assets increased to £456,476, with total funds carried forward at £465,976. The trustees report that free reserves are held at a level intended to cover three months of annual expenditure to ensure continuity of activities. The independent examiner confirmed that no matters came to their attention requiring further explanation.
What the accounts disclose
“unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church should be 3 months of annual expenditure.”
Trustees
- Adediran Ajayi
- Akinwale Kunlipe
- Kanayo Ndibe
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £324k | £196k |
| 31/12/2023 | £217k | £193k |
| 31/12/2022 | £141k | £130k |
| 31/12/2021 | £143k | £58k |
| 31/12/2020 | £108k | £30k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD THE KING'S GLORY CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted net assets increased to £456,476, with total funds carried forward at £465,976. The trustees report that free reserves are held at a level intended to cover three months of annual expenditure to ensure continuity of activities. The independent examiner confirmed that no matters came to their attention requiring further explanation. Its FY2024 accounts were independently examined.