GLORIA CHURCH
Advance the Christian faith
Financial health, per its FY2025 accounts
The accounts state that the charity reported a surplus of £6,843 for the year ended 31 December 2025, resulting in total unrestricted funds of £122,764. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, a policy they consider maintained throughout the year. The trustees also express a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future.
What the accounts disclose
“Sung Young Cho received pay of £16,882 (2024: £15,468) and employers pension contributions of £507 (2024: £464) by way of remuneration for services provided in his role as pastor of the church.” — page 19
“It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure.” — page 9
“Sung Young Cho received pay of £16,882 (2024: £15,468) and employers pension contributions of £507 (2024: £464) by way of remuneration for services provided in his role as pastor of the church. The church also rent a manse for Sung Young Cho in his role as pastor. The cost of renting the manse in the year was £35,850 (2024: £33,100).” — page 19
Year-over-year changes
- Top pay band moved from £15,468 (FY2024) to £16,882 (FY2025).
- Reserves position vs the charity's own policy moved from "above" (FY2024) to "within" (FY2025).
Trustees
- MYUNG HEE OHchair
- Rev Sung Young Cho
- SUN MOON JUNG JUNH
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2025 | £105k | £98k |
| 31/12/2024 | £105k | £108k |
| 31/12/2023 | £96k | £99k |
| 31/12/2022 | £64k | £103k |
| 31/12/2021 | £100k | £42k |
Common questions
Is GLORIA CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a surplus of £6,843 for the year ended 31 December 2025, resulting in total unrestricted funds of £122,764. The trustees confirm that reserves are maintained at a level equivalent to between three and six months' expenditure, a policy they consider maintained throughout the year. The trustees also express a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Its FY2025 accounts were independently examined.
What does the highest-paid employee of GLORIA CHURCH earn?
Per its FY2025 accounts, the highest-paid employee was in the £16,882 band.