RAYNES PARK KOREAN CHURCH
To worship God within the Presbyterian Faith.To develop religious education for Korean speaking congregation in and arounf LondonTo provide a help network for underprevileged Koreans in the UKTo support Korean community projects in the UK Europe and Korea.To Provide financial support for overseas Christian missions.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net income surplus of £17,303 for the period, with total funds carried forward reaching £247,477. Per the trustees' report, the charity holds sufficient reserves to meet annual commitments for approximately 12 months in advance. The primary financial risk identified is the potential insufficiency of Sunday collections to cover contractual obligations, which is managed through annual budgeting and quarterly monitoring.
What the accounts disclose
“Income and endowments from: Donations and legacies s01 146,769”
Trustees
- Jae MIn Kwonchair
- MYOUNG SOO BAE
- Mr Senh Hyen Jo
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £139k | £167k |
| 31/12/2024 | £150k | £133k |
| 31/12/2023 | £143k | £116k |
| 31/12/2022 | £123k | £114k |
| 31/12/2021 | £147k | £93k |
Common questions
Is RAYNES PARK KOREAN CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net income surplus of £17,303 for the period, with total funds carried forward reaching £247,477. Per the trustees' report, the charity holds sufficient reserves to meet annual commitments for approximately 12 months in advance. The primary financial risk identified is the potential insufficiency of Sunday collections to cover contractual obligations, which is managed through annual budgeting and quarterly monitoring. Its FY2024 accounts were independently examined.
Charities like this
- KOREAN EALING CHURCH
- KOREAN CATHOLIC CHURCH IN LONDON
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAYLEIGH
- KING'S CROSS KOREAN CHURCH
- QE Park Baptist Church
- THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ALL SAINTS, KINGS LANGLEY
Side by side with its peers
| Charity | Income | Top pay band | Staff >£60k | Reserves vs policy | Fundraising cost | Going concern |
|---|---|---|---|---|---|---|
| RAYNES PARK KOREAN CHURCH | £139k | — | 0 | unclear | — | no doubt |
| KOREAN EALING CHURCH | £232k | — | 0 | unclear | — | no doubt |
| KOREAN CATHOLIC CHURCH IN LONDON | £159k | — | 0 | unclear | — | no doubt |
| THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF RAYLEIGH | £350k | — | 0 | above | — | no doubt |
| KING'S CROSS KOREAN CHURCH | £187k | — | 0 | unclear | — | no doubt |
| QE Park Baptist Church | £146k | — | 0 | unclear | — | no doubt |