CALVARY CHINESE CHRISTIAN CHURCH
Christian worship, adult fellowship, youth fellowship, sunday School, general gathering
Financial health, per its FY2024 accounts
The accounts state that the charity held total unrestricted reserves of £120,709, which significantly exceeds its stated policy target of three months of routine unrestricted payments (£12,000). The charity reported a net surplus for the year, with total income of £77,991 against total expenditure of £56,153, indicating strong financial stability.
What the accounts disclose
“his salary and related expenses (£19,151) were paid out from the General fund.”
“Our reserve policy is to maintain a balance on unrestricted funds which equates to at least three months of routine unrestricted payments (£12,000) to cover emergency situations.” — page 2
“Special donations of £3,600 was made to Laurence Mo for his involvement in our youth work and his ministry in COCM.” — page 3
Trustees
- SIU HAN LIchair
- Hung Sing Kwok
- Ka Wai Li
- Man Chi Bonnie TSE
- Pui Ching Clara Yu
- Shirley Wai Hang Chan
- Yee Ling Pang
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £77k | £49k |
| 31/12/2023 | £57k | £50k |
| 31/12/2022 | £49k | £18k |
| 31/12/2021 | £30k | £11k |
| 31/12/2020 | £27k | £9k |
Common questions
Is CALVARY CHINESE CHRISTIAN CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity held total unrestricted reserves of £120,709, which significantly exceeds its stated policy target of three months of routine unrestricted payments (£12,000). The charity reported a net surplus for the year, with total income of £77,991 against total expenditure of £56,153, indicating strong financial stability. Its FY2024 accounts were independently examined.
What does the highest-paid employee of CALVARY CHINESE CHRISTIAN CHURCH earn?
Per its FY2024 accounts, the highest-paid employee was in the £10,001 - £20,000 band.