A CHURCH
Description of purposes as listed under The Charities Act - THE ADVANCEMENT OF RELIGION.To advance the Christian religion for the benefit of the public through the holding of prayer meetings, public celebration of religious festivals, producing and/or distributing literature to enlighten others about the Christian religion and through pastoral and outreach work.
Financial health, per its FY2025 accounts
The accounts state that the charity generated a net surplus of £6,517.84 for the year, resulting in a closing bank balance of £41,906.01. The trustees consider this balance prudent against their policy target of maintaining 3–6 months of operating expenditure. No material uncertainties or going concern issues were disclosed.
What the accounts disclose
“The trustees aim to maintain free reserves of 3–6 months of operating expenditure.” — page 3
“During the year, housing support totalling £23,845.42 was paid to Hoasung Kim (Chair of Trustees and pastor) in connection with his pastoral duties, comprising: Rent £19,200.00, Council Tax £2,166.18, and utility bills £2,479.24. This amount is included within 'Ministry expenses & honorariums' in the Payments schedule above. The trustees are satisfied this was authorised under the charity's governing document and made in the best interests of the charity.” — page 7
“During the year, housing support totalling £23,845.42 was paid to Hoasung Kim (Chair of Trustees and pastor) in connection with his pastoral duties, comprising: Rent £19,200.00, Council Tax £2,166.18, and utility bills £2,479.24. This amount is included within 'Ministry expenses & honorariums' in the Payments schedule above. The trustees are satisfied this was authorised under the charity's governing document and made in the best interests of the charity. Related Party Transactions Other than the trustee housing support disclosed above, no related party transactions outside the ordinary course of the charity's activities occurred during the year.” — page 7
Trustees
- Hoasung Kimchair
- Ji Young Lee
- Yelin Noh
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 05/04/2025 | £53k | £47k |
| 05/04/2024 | £49k | £48k |
| 05/04/2023 | £31k | £17k |
Common questions
Is A CHURCH financially healthy?
Per its FY2025 accounts: The accounts state that the charity generated a net surplus of £6,517.84 for the year, resulting in a closing bank balance of £41,906.01. The trustees consider this balance prudent against their policy target of maintaining 3–6 months of operating expenditure. No material uncertainties or going concern issues were disclosed. Its FY2025 accounts were independently examined.