THE LONDON COMMUNITY CHURCH
The church's objects are:1. The advancement of the Christian faith and the worship of God;2. To provide relief to people who are in need, hardship or distress, who are aged or sick;3. The advancement of education on the basis of Christian principles.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a net increase in funds of £8,385 for the year, resulting in total net assets of £84,055. Free reserves stood at £74,672, which significantly exceeds the stated policy requirement of three months' budgeted routine expenditure (£21,611). The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern.
What the accounts disclose
“Free reserves requirement: 3 month’s budgeted routine expenditure”
“The Trustees gave a total of £2,419 (2023: £6,064) in unrestricted offerings and donations during the year.” — page 18
Trustees
- DAVID JAMES GOODSHIPchair
- LEIGH JANE TURNER
- SAMKELWE NOKULUNGA MAKHUBELA
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £95k | £86k |
| 31/12/2023 | £79k | £108k |
| 31/12/2022 | £84k | £96k |
| 31/12/2021 | £92k | £92k |
| 31/12/2020 | £170k | £207k |
Common questions
Is THE LONDON COMMUNITY CHURCH financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a net increase in funds of £8,385 for the year, resulting in total net assets of £84,055. Free reserves stood at £74,672, which significantly exceeds the stated policy requirement of three months' budgeted routine expenditure (£21,611). The trustees confirmed there are no material uncertainties regarding the charity's ability to continue as a going concern. Its FY2024 accounts were independently examined.