KOREAN CATHOLIC CHURCH IN LONDON
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
REGISTERED NO 1047063
KOREAN CATHOLIC CHURCH IN LONDON TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31 December 2025.
The activities of the charity
Korean Catholic Church In London ("the Trust") exists to advance the catholic faith and the worship of God, in particular, for Korean nationals in London.
Financial
The surplus for the year is £48,550 and has been transferred to the general fund.
Trustees
The Trust was administered by its five trustees:
Hee Kwan Chang
Jong Ho Seo (appointed on 29 October 2025) Jin Youl Park (appointed on 29 October 2025) Byung-Ho Min (appointed on 29 October 2025) Misook Heo (appointed on 29 October 2025)
Trustees' responsibilities
The constitution of the charity and charity law require the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources for that period. In preparing those accounts the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities with an appropriate system of internal controls.
Independent Examiner of the Trust is Yang & Partners trading as Archbird of Suite 41, Chessington Business Centre, 37 Cox Lane, Chessington, Surrey, KT9 1SD.
This report was approved by the Trustees on 30th July 2026.
………………………………… H K Chang (Chairman)
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KOREAN CATHOLIC CHURCH IN LONDON INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
We report on the accounts of Korean Catholic Church In London for the year ended 31 December 2025, which are set out on pages 3 to 7.
Respective Responsibilities of Trustees and Examiner
As the charity's trustees, you are responsible for the preparation of the accounts; you consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commission. The examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matters have come to our attention:
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1) which give us reasonable cause to believe that ,in any material respect, the requirements:
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i) to keep accounting records in accordance with section 130 of the Charities Act; and ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
………………………………….
Yang & Partners Ltd trading as Archbird
Chartered Certified Accountants Suite 41, Chessington Business Centre 37 Cox Lane Chessington Surrey KT9 1SD
30 July 2026
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KOREAN CATHOLIC CHURCH IN LONDON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOMING RESOURCES Donations Donations Investment income Interest receivable 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Mass and supporting activites Donations to third parties Interest payable 3 Administrative expenses 4 TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources for the year 5 General fund brought forward General fund carried forward |
2025 2024 £ £ 158,497 129,560 712 587 |
|---|---|
| 159,209 130,147 8,508 23,076 4,360 3,746 14,320 17,973 83,471 87,661 |
|
| 110,659 132,456 48,550 (2,309) 1,357,863 1,360,172 |
|
| 1,406,413 1,357,863 |
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KOREAN CATHOLIC CHURCH IN LONDON BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes | 2025 | 2024 | |||
|---|---|---|---|---|---|
| £ | £ | £ | £ | ||
| Fixed assets | |||||
| Tangible assets | 7 | 1,572,874 | 1,575,895 | ||
| Current assets | |||||
| Cash at bank | 98,900 | 66,792 | |||
| Creditors: amounts falling due | |||||
| within one year | 8 | (635) | (788) | ||
| Net current assets | 98,265 | 66,004 | |||
| Total assets less current liabilities | 1,671,139 | 1,641,899 | |||
| Creditors: amounts falling due | |||||
| after more than one year | 9 | (264,726) | (284,036) | ||
| 1,406,413 | 1,357,863 | ||||
| Funds | |||||
| General fund | 10 | 1,406,413 | 1,357,863 |
Approved by the Trustees on 30th July 2026 and signed on their behalf:
………………………………………………..
H K Chang (Chairman)
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KOREAN CATHOLIC CHURCH IN LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
The financial statements are prepared in accordance with the Statement of Recommended " Accounting by Charities" and applicable accounting standards.
Accounting convention
The financial statements are prepared under the historical cost convention.
Incoming resources - donations
These represent voluntary donations from members and third parties which are accounted for when received.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Motor vehicles 25% reducing balance Office equipment and furniture 25% reducing balance
2 Interest receivable
| 2 Interest receivable Bank interest received 3 Interest payable On commercial mortgage loan 4 Administrative expenses Wages and salaries Motor expenses and travelling Council tax, water, light, heat and cleaning Insurance Telephone and internet Postage, printing and stationery Bank charges Books and references Equipment hire Repairs and renewals Depreciation Profit on disposal of car General expenses Accountancy fee Legal and other professional fees Advertising |
2025 £ 712 2025 £ 14,320 2025 £ 34,133 6,907 17,923 3,762 1,673 380 141 2,770 2,557 8,313 3,021 791 1,100 0 0 83,471 |
2024 £ 587 |
| 2024 £ 17,973 |
||
| 2024 £ 30,774 6,298 21,260 3,513 1,891 367 75 1,375 2,485 11,176 4,028 (947) 329 1,100 3,235 702 |
||
| 87,661 |
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KOREAN CATHOLIC CHURCH IN LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 5 Net incoming resources These are stated after charging: Depreciation of owned fixed assets 6 Information regarding employees and trustees Average number of employees during the year Staff costs comprise: Wages & salaries |
2025 £ 3,021 2025 2 2025 £ 34,133 34,133 |
2024 £ 4,028 |
|---|---|---|
| 2024 2 |
||
| 2024 £ 30,774 |
||
| 30,774 |
No trustee or person related has received any remuneration from the Charity during the year.
7 Tangible fixed assets
| Cost At 1 January 2025 At 31December 2025 Depreciation At 1 January 2025 Charge for the year Disposals: At 31December 2025 Net Book Value At 31 December 2025 At 31 December 2024 |
Freehold Office land & Motor equipment building vehicles & furniture £ £ £ 1,563,810 7,000 32,939 1,563,810 7,000 32,939 - 1,750 26,104 - 1,312 1,709 - - - - 3,062 27,813 1,563,810 3,938 5,126 1,563,810 5,250 6,835 |
Total £ 1,603,749 |
|---|---|---|
| 1,603,749 | ||
| 27,854 3,021 0 |
||
| 30,875 | ||
| 1,572,874 | ||
| 1,575,895 |
No depreciation is provided on freehold land & buildings.
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KOREAN CATHOLIC CHURCH IN LONDON NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
| 8 Creditors: amounts falling due within one year 2025 £ Other creditor 635 635 9 Creditors: amounts falling due after more than one year 2025 £ Commercial mortgage loan 264,726 Commercial mortgage loan is secured over the freehold land and building. 10 Movement in general fund 2025 £ At 1 January 1,357,863 Net incoming/(outgoing) resources for the year 48,550 At 31 December 1,406,413 |
2024 £ 788 |
|---|---|
| 788 | |
| 2024 £ 284,036 |
|
| 2024 £ 1,360,172 (2,309) |
|
| 1,357,863 |
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