THE REDEEMED CHRISTIAN CHURCH OF GOD THIS LATTER HOUSE, CORBY
RELIGIOUS ACTIVITIES
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net deficit of £1,644.99 for the year ended 31 December 2024, resulting in a decrease in net assets from £49,295.28 to £37,263.85. The trustees maintain a reserves policy to hold funds sufficient to meet six months of operating costs. Per the independent examiner's report, no material matters were identified that would prevent a proper understanding of the accounts.
What the accounts disclose
“The policy is to hold enough funds in the Bank account to be able to meet 6 months operating cost of the association except if there are extraordinary circumstance and they would have to review their financial policy and trustees vote for such transaction to occur”
“The charity is part of the Redeemed Christian Church of God worldwide with which it has an agreement of common purpose. A summary of transactions with those parties are set out in note 6 to the financial statements.” — page 11
Trustees
- Abayomi Olatunji
- Ajibola Ativie
- Ayodele Adeeyo
- Ezekiel Afon
- Femi Fajemilo
- Oluwatimilehin John
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £58k | £60k |
| 31/12/2023 | £47k | £19k |
| 31/12/2022 | £30k | £17k |
| 31/12/2021 | £21k | £17k |
| 31/12/2020 | £16k | £15k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD THIS LATTER HOUSE, CORBY financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net deficit of £1,644.99 for the year ended 31 December 2024, resulting in a decrease in net assets from £49,295.28 to £37,263.85. The trustees maintain a reserves policy to hold funds sufficient to meet six months of operating costs. Per the independent examiner's report, no material matters were identified that would prevent a proper understanding of the accounts. Its FY2024 accounts were independently examined.