THE GENERAL ASSEMBLY OF THE TRUE JESUS CHURCH, UNITED KINGDOM
Financial health, per its FY2025 accounts
The accounts state that the charity generated a surplus of £2,219,173 for the year ended 30 September 2025, with total income rising significantly to £2,891,362 from £651,725 in the prior year. Per the trustees' report, unrestricted reserves decreased to £672,090 due to a £700,000 transfer to restricted funds for the Cramlington building project, while the charity maintains a conservative financial strategy with no commercial borrowing.
What the accounts disclose
“The free reserves are the total unrestricted funds less the amount designated for the acquisition of church buildings, and equate to £393,189 (2024: £1,027,508). The General Assembly Board, and indeed the True Jesus Church in general, adopt a very conservative financial management strategy and would not normally borrow funds from commercial financial institutions. Hence the General Assembly Board has accumulated a large surplus of free reserves but such a reserve is held for the purpose of capital expenditure when necessary, e.g. purchase of properties by affiliated churches or when large programmes need to be undertaken requiring resources larger than the normal operating budget.” — page 4
“Loans from affiliated churches comprise five loans from local churches and places of worship of the True Jesus Church in the UK. The loans were made for the purpose of supporting the building project in Cramlington. The loans are interest-free and repayable on demand.” — page 20
Structured financials (annual return, FY ending 30/09/2025)
Trustees
- Anthony Shu Ming Tang
- Johnny Chung Wai Liu
- KENNETH GUOMIN ZHOU
- KON FAH CHONG
- MICHAEL PARRETT
- Michael Sheung Chun Hsu
- SAM CHAN
- Stephen Tin Loi Sek
- TIN WAN HO
- WILLIAM SZE HUNG HO
- Wai Kee Ng
- YUK KONG TANG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 30/09/2025 | £2.9m | £672k |
| 30/09/2024 | £652k | £558k |
| 30/09/2023 | £594k | £379k |
| 30/09/2022 | £720k | £380k |
| 30/09/2021 | £836k | £376k |
Common questions
Is THE GENERAL ASSEMBLY OF THE TRUE JESUS CHURCH, UNITED KINGDOM financially healthy?
The accounts state that the charity generated a surplus of £2,219,173 for the year ended 30 September 2025, with total income rising significantly to £2,891,362 from £651,725 in the prior year. Per the trustees' report, unrestricted reserves decreased to £672,090 due to a £700,000 transfer to restricted funds for the Cramlington building project, while the charity maintains a conservative financial strategy with no commercial borrowing. Its FY2025 accounts were audited by Whitelaw Wells.