THE KOREAN CHURCH LONDON
The objects are to advance the Christian faith for the benefit of the public and to further such charitable purposes for the public benefit as are exclusively charitable according to the laws of England & Wales as the trustees may from time to time determine.
Objects
3.1 TO ADVANCE THE CHRISTIAN FAITH FOR THE BENEFIT OF THE PUBLIC.3.2 TO FURTHER SUCH CHARITABLE PURPOSES FOR THE PUBLIC BENEFIT AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE.
Financial health, per its FY2024 accounts
The accounts state that unrestricted reserves increased to £234,590, reflecting a shift from a previous deficit to a current year surplus of £26,764. The charity reports that voluntary income rose to £166,957 while operating costs decreased to £143,417, resulting in improved financial stability compared to the prior year.
What the accounts disclose
Policies the charity declares
- Bullying and harassment policy and procedures
- Campaigns and political activity policy and procedures
- Complaints policy and procedures
- Engaging external speakers at charity events policy and procedures
- Financial reserves policy and procedures
- Internal charity financial controls policy and procedures
- Internal risk management policy and procedures
- Investing charity funds policy and procedures
- Safeguarding policy and procedures
- Serious incident reporting policy and procedures
- Social media policy and procedures
- Trustee conflicts of interest policy and procedures
- Trustee expenses policy and procedures
- Volunteer management
Trustees
- REVEREND BYUNG HEON YOOchair
- DONG SOO LEE
- Dong Kyu Kim
- HWAN OK YOO
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £170k | £143k |
| 31/12/2023 | £163k | £206k |
| 31/12/2022 | £159k | £148k |
| 31/12/2021 | £194k | £121k |
| 31/12/2020 | £197k | £124k |
Common questions
Is THE KOREAN CHURCH LONDON financially healthy?
Per its FY2024 accounts: The accounts state that unrestricted reserves increased to £234,590, reflecting a shift from a previous deficit to a current year surplus of £26,764. The charity reports that voluntary income rose to £166,957 while operating costs decreased to £143,417, resulting in improved financial stability compared to the prior year. Its FY2024 accounts were independently examined.