THE LONDON FULL GOSPEL CENTRAL CHURCH
The principal object of the charity is that of advancement of Christian Faith and the extension of Kingdom of God. The charity is dedicated to inspiring and motivating God's people to reach their full potential in and through our Lord Jesus Christ.
Financial health, per its FY2024 accounts
The accounts state that the charity holds unrestricted reserves of £3,918,600, with a surplus of £696,179 excluding freehold properties. The trustees report that the mortgage loan liabilities were fully repaid in April 2023, and the current reserves policy is to cover any shortfall in operating expenses. The auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified.
What the accounts disclose
“Therefore the Charity’s reserve policy since then is to use the reserves in order to cover any shortfall in its operating expenses.” — page 5
“During the year there were no donations (2023: £2,000) made to the Heart Fire Church, an organisation that Hyun Cheol Kim, Trustee, is a Trustee of.” — page 23
Structured financials (annual return, FY ending 31/12/2024)
Trustees
- UK JOO LEEchair
- David DONG IL Han
- HYUN CHEOL KIM
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £974k | £756k |
| 31/12/2023 | £903k | £792k |
| 31/12/2022 | £827k | £670k |
| 31/12/2021 | £751k | £568k |
| 31/12/2020 | £696k | £508k |
Common questions
Is THE LONDON FULL GOSPEL CENTRAL CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity holds unrestricted reserves of £3,918,600, with a surplus of £696,179 excluding freehold properties. The trustees report that the mortgage loan liabilities were fully repaid in April 2023, and the current reserves policy is to cover any shortfall in operating expenses. The auditor confirmed that the use of the going concern basis is appropriate with no material uncertainties identified. Its FY2024 accounts were audited by Mushambi & Associates Limited.
Funders of similar charities
| Funder | Similar charities funded | Amount to them |
|---|---|---|
| HARVEST COMMUNITY NETWORK | 1 | £32k |
Charities like this
- THE CHURCH OF THE LONDONERS
- THE GOSPEL CENTRE
- MIRACLE CHURCH OF GOD IN CHRIST
- LONDON CHURCH INTERNATIONAL
- CHRIST CENTRAL LONDON
- JUBILEE CHURCH LONDON
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| THE LONDON FULL GOSPEL CENTRAL CHURCH | £974k | — | 0 | above | — | no doubt |
| THE CHURCH OF THE LONDONERS | £994k | — | 0 | unclear | — | no doubt |
| THE GOSPEL CENTRE | £114k | — | 0 | above | — | no doubt |
| MIRACLE CHURCH OF GOD IN CHRIST | £253k | — | 0 | unclear | — | no doubt |
| LONDON CHURCH INTERNATIONAL | £497k | £60,001 - £70,000 | 0 | no_policy | — | no doubt |
| CHRIST CENTRAL LONDON | £293k | — | 0 | above | — | no doubt |