LCGC
Provision of gospel choral training and concerts which advance the Christian faith. The charity seeks to develop both vocal and musical abilities through the Bazil Meade Gospel Music Academy (BMGMA) which provides opportunities for participants to occasionally perform alongside more experienced singers and musicians, such as those connected with the London Community Gospel Choir.
Financial health, per its FY2025 accounts
The accounts state that the charity's net free reserves decreased to £123, which is significantly below the trustees' stated policy target of approximately three months of general fund expenditure (calculated at £5,000). Despite this shortfall and a net deficit for the year, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“The trustees recognise that free reserves remain below the desired level” — page 5
Trustees
- LEONARD DUNCAN MEADEchair
- Franklyn Sweeney
- Vernetta Lynch
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £41k | £47k |
| 31/03/2024 | £37k | £39k |
| 31/03/2023 | £48k | £59k |
| 31/03/2022 | £10k | £0 |
| 31/03/2021 | £6k | £2k |
Common questions
Is LCGC financially healthy?
Per its FY2025 accounts: The accounts state that the charity's net free reserves decreased to £123, which is significantly below the trustees' stated policy target of approximately three months of general fund expenditure (calculated at £5,000). Despite this shortfall and a net deficit for the year, the trustees confirm there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2025 accounts were independently examined.