THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID CAMBRIDGE
Church and Charitable activities
Financial health, per its FY2024 accounts
The accounts state that unrestricted funds decreased from £240,870 to £204,429, resulting in a net outgoing of resources before transfers. The trustees note that this level of free reserves is below their stated policy target of three months of annual expenditure, though they remain satisfied that systems are in place to mitigate major risks.
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
- Amos Akinwale
- Ojo Olajide
- YEMI MACAULAY
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £279k | £316k |
| 31/12/2023 | £305k | £306k |
| 31/12/2022 | £298k | £283k |
| 31/12/2021 | £252k | £250k |
| 31/12/2020 | £290k | £260k |
Common questions
Is THE REDEEMED CHRISTIAN CHURCH OF GOD CITY OF DAVID CAMBRIDGE financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted funds decreased from £240,870 to £204,429, resulting in a net outgoing of resources before transfers. The trustees note that this level of free reserves is below their stated policy target of three months of annual expenditure, though they remain satisfied that systems are in place to mitigate major risks. Its FY2024 accounts were independently examined.