RCCG STRONG TOWER SANCTUARY LUTON
1 ADVANCEMENT OF THE CHRISTIAN FAITH. 2. THE PREVENTION AND RELIEF OF POVERTY
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net decrease in funds of £2,777 for the year ended 31 December 2024, resulting in total net assets of £40,178. The trustees have adopted a reserves policy target of maintaining unrestricted funds equivalent to approximately three months of unrestricted expenditure. The filing confirms that the financial statements were prepared on a going concern basis with no material uncertainties identified.
What the accounts disclose
“The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.” — page 6
“Under the Common Purposes Agreement (see above), RCCG Strong Tower Luton has agreed to make an annual contribution to RCCG (UK). In addition, the church supports missionary organisations such as Festival of Life and World Evangelism Mission. The church also provides support to members of the congregation who are in need. This is done at the discretion of the trustees.” — page 6
Trustees
- Ademola Babyemi Ogunjobichair
- Adedunni Odu
- Dr ADEBISI OLESIN
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £84k | £86k |
| 31/12/2023 | £56k | £53k |
Common questions
Is RCCG STRONG TOWER SANCTUARY LUTON financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net decrease in funds of £2,777 for the year ended 31 December 2024, resulting in total net assets of £40,178. The trustees have adopted a reserves policy target of maintaining unrestricted funds equivalent to approximately three months of unrestricted expenditure. The filing confirms that the financial statements were prepared on a going concern basis with no material uncertainties identified. Its FY2024 accounts were independently examined.