THE REDEEMED WORSHIP CENTRE
Financial health, per its FY2025 accounts
The accounts state that the charity reported a net expenditure deficit of £8,904 for the year ended 30 September 2025, resulting in a decrease in unrestricted reserves from £193,919 to £185,015. Despite the deficit, the trustees maintain that the charity has adequate resources to continue as a going concern, supported by significant tangible fixed assets valued at £585,215 and unrestricted reserves held at year-end.
What the accounts disclose
“unrestricted reserves should be maintained at a level sufficient to cover at least three months of committed expenditure.”
“During the year, Trustees made personal donations to the charity amounting to £22,959 (2024: £10,832). No benefits were received as a result of their donations.” — page 16
Trustees
- Peter Moyochair
- Jean Choludo Ndlovu
- Patience Sibanda
- Sihle Dube
- Tawona Phiri
- Thulani Ndlovu
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £102k | £110k |
| 30/09/2024 | £95k | £104k |
| 30/09/2023 | £171k | £84k |
| 30/09/2022 | £103k | £67k |
| 30/09/2021 | £141k | £61k |
Common questions
Is THE REDEEMED WORSHIP CENTRE financially healthy?
The accounts state that the charity reported a net expenditure deficit of £8,904 for the year ended 30 September 2025, resulting in a decrease in unrestricted reserves from £193,919 to £185,015. Despite the deficit, the trustees maintain that the charity has adequate resources to continue as a going concern, supported by significant tangible fixed assets valued at £585,215 and unrestricted reserves held at year-end. Its FY2025 accounts were independently examined.
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