Company number: 4296006 Registered charity number: 1093126 UNIVERSITY BIBLE FELLOWSHIP CHURCH ANNUAL REPORT AND ACCOUNTS 31" DECEMBER 2023
UNIVERsrrY BIBLE FELLOWSHIP CHURCH CONTENTS Page Nos. Company inforniation Annual review of activities: Serving students Self-support and co-working Working with the wider church Activity expenditure explained Independent examiner's report lo the Management members Income and expenditure account Balance Sheet Notes forniing part of the Financial Statements 10
UNIVERsrrY BIBLE FELLOWSHIP CHURCH COMPANY INFORMATION Members of the Management comnyittee Dr James Wood Mr Dong Kyu Kim Mr Darren Hildrow Mrs Joanna Ridge Bankers HSBC Bank PIC 31 Euston Road Eusion London NWI 2ST Independent examiner Batsaikhan Ochirbat. FCCA, MBA 22 Lisle Court Cricklewood lane London NW2 2EP
UNIVERsrrY BIBLE FELLOWSHIP CHURCH DIRECTORS, REPORT Annual Review of activities 2023 As the year startcd, w'e lookL'd ai Act.8 2 and the hallmarks of a healthy church - a healthy church is devoted io ihL ap()siles' leaLhing and io fL'lIii.ShIp. lo thL' brLaking of br¢ad and to prayer. God's word is indeed at thL hLart of the mini.slry. Alihough we have lookcd at John's gospel before, Ihis )'ear we slowed down and took smaller portions and spcnt an entire year studying John's g)ospel. ThL word is so dccp. and John's gospel felt frcsh and alive. Not conlenl W'ith tlie same books we wcre able lo look at much of Book JI in Psalnis. Ilow many churches go through Psalms one after the other and yet we have ihis incredible grace! The theme of the spring conference was lessons in the wilderness and focused on how God usL's the desert. le caiinoi livc iii the descn, and yet we cannot live wiihoui it _ God leads us inio ihe wilderness in order to teach us and revcal himself to his people. We were blessed to be joincd by Bruno and French co-workcrs who wondcrfully served the word for us. li was also a joy to see Roland and his 2 sons and see the fruit of Jacob's study many years earlier. Over the summer we were encouraged by the international conference in America which was refreshingi and encouraging) lo many. God worked wonderfully through Vision Camp in AnieriLa and EncountLr in Germany that impacied on the youngcr people. Growth can ofien be unnoticed but at the Autumn conference we were blessed with being served by the younger members who took us through the faces of sin. They stepped up with willing hearts and listening to them they were confident and mature. The growing power of ministry students can clearly be seen. They preside each week at the service. meet as spiritual brothers to share reflections on the word, lead studies and serve at the retreat in Scotland. This year saw a retreat in Scotland with a sharing of the work of serving others and helping them face the truth of Christ. At the end of the year we could see the joy of the kids drama. Often putting things on is a burden but co-working was so wonderfully smooth. The deacons who expertly pulled thingis together; the drama and music appeared wonderfully, and we could enjoy the year end and think about the grace that Jesus came into this world. This year has seen the rebirth of the centre. For a decade we have watched the slow spread of damp until this year the deacons have led a renewal, and we enjoy wonderful painted walls, new floors, woodwork and bookshelves. Although physically a far better space the beauty is seen by the incredible commitment and serving of so many from the welcome we now get on arrival with coffee and cake. Starbucks works on the idea of the '3rd space, it's a space that is not a shop and not a home but operates to hold people somewhere in between. In the same way the book club and cookery sessions offer a space to embrace people and allow them somewhere to live between being outside or at home with us. Time does not allow to talk of all the good things that God has done amongst us but looking back as we devote ourselves to the apostles, teaching and to fellowship, to the
UNIVERsrrY BIBLE FELLOWSHIP CHURCH breaking of bread and to prayer we see that Jesus wonderfully builds us as a loving spiritual community. Serving students We continue to offer a range of services during the week and over the course of the year open to the community. With a focus on teaching, we aim io educate and inform others about the Christian faith. Public weekly service Specialise seminars particularly for younger kids and teens Weekly evening pra}'er time Bible studies - personal and public conferences Work with other ministries and organisations where possible. We held seminars on the origin of the bible, explaining faith, objections and defeaters to faith and conferences in spring summer and autumn. In Oxford and Bristol, we saw regular study with students, 2 of whom wonderfully married. Self-support and co-working The charity currently has no full time or paid workers. Self-support in London while sustaining the ministry on top of answering the demands of work and children is not easy. We cater for diverse needs, which in turn mean we have different groups meeting on Sunday. It means every conference is a complex mixture of Bible studies, art classes, fireworks, and outdoor games on top of regular preaching. This keeps us young and flexible. it is very important to serve children while at the same time keeping our focus and priority on university students. Working with the wider church As members of the Evangelical Alliance we pray to co-work well with other ministries and are based within thL MLthodisl Church. We have a Baptist Paslor, and theologian Mark Sury, who works both with CCC and UCCF as an advisor. As well as praying for UCL, Roehampton, Bristol, Manchester, Goldsmiths, Oxford and Cambridge Universities.
UNIVERSITY BIBLE FELLOWSHIP CHURCH DIRECTORS, REPORT Activity expenditures explained Aecommodation & subsistence We rented space within Archway Methodist Church with rental costs for the building, a public worship hall, children's space, public meeting area and the associated premises expenses. Travel and educational support As part of an international ministry, we attended conferences across the world and funded support for missionaries in need of a furlough. Financial support to headquarter & others We gave l 00/0 of our income for world mission. In addition, over the year gifts or support was made to missions and charities e.g., Shelter, Ugandan aid. and Nigeria. Conference and meetings We held public conferences in Ashburnham, regular weekly meetings. often with food. Alihough a voluntary charge may be made for some events, we seek to support the costs where people cannot afford. Dong Kyu Kim 23 July 2024
UNIVERsrrY BIBLE FELLOWSHIP CHURCH INDEPENDENT EXAMINER'S REPORT TO THE MANAGEMENT MEMBERS OF UNVIERSITY BIBLE FELLOWSHIP CHURCH I report on accounts of the Church for the year ended on 31 Sl December 2023, which arc sei out on pages from 8 to l O. Respective responsibilities of the Management Members and the examiner As the charity's Management Mcmb¢rs, you are responsible for the preparation of the accounts. you consider ihat an audit is nol reqUId for ihis period under section 144 of the Charities Act 2011 (the Charities Act) and thai an independent examination is needed. It is my responsibility to: examine the accounts under section 145 of the Charities Act, follow. the procedures specified in the (ieneral Directions given by the Charity Commissioners under section 145(5){b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examiner's report MJ, examination w'as carried out in accordance with ihe General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kepi by the charity and a comparison of the accounts presented with ihose records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanalions from you as truslees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement In connection with my examination, no matter has come io my attention: (l} which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the Charities Act" lo prepare accounts which accord with accounting records and to comply with the accounting requirements of the Charities Act have not been mel; or (2) to which, in my opinion, atlenlion should be drawn in order to enable a proper understanding of the accounls to be reached. Balsaikhan Ochirbat FCCA, MBA 22 Lisle Court Cricklewood lane London, NW2 2EP 23 July 2024
UNIVERsrrY BIBLE FELLOWSHIP CHURCH INCOME AND EXPEIYDITURE ACCOUNT For the ear ended on 31 December 2023 2023 2022 INCOME Gifts and donations received 112,585 116,266 112,585 116,266 EXPENDITURE Missionary supporl work Accommodation and subsistence Ministry and training Travel and education support Support to other missionaries 43,606 8,387 11,621 31,921 4,624 9,424 923 Adminislralion Conference and meetings Office furniture and IT expenses Office overhead including professional fees 740 20,555 748 1,800 22,953 747 2.959 23,103 26,659 Total expenditure for the year 100,843 91,551 EXCESS OF INCOME OVER EXPENDITURE 11,742 24.715
UNIVERsrrY BIBLE FELLOWSHIP CHURCH BALANCE SHEET As at 31 December 2023 2023 2022 CURRENT ASSETS Debtors Cash at bank Short tern] deposits 55,822 276,937 63,721 257,296 332,759 321,017 CREDITORS: amounts falling due within one year NET CURRENT ASSETS 332,759 321,017 Total net assets 332,759 321,017 REPRESENTED BY: General fund Less." Exc¢ss of income over expenditure for the year 321,017 296,302 11.742 24.715 332,759 321,017 For the year ending 2022 the company was entitled to exemption from audit under 477 of the Companies Act 2006. No member has required the company to obtain an audit of its accounts for the year in question in accordance with section 476. The directors acknowledge their responsibility for: (l) Ensuring the company keeps accounting records which comply with the requirements of the Act. and (2) preparing accounts which give a true artd fair view of the state of affairs of the company as at the end of this profit and loss for the financial year in accordance with the requirements of the Companies Act relating to accounts, so far as applicable to the company. The accounts on pages 8 to 10 were approved by the Management Committee on 13 September 2023 and signed on their behalf by: Dong Kyu Kim 23 July 2024
UNIVERsrrY BIBLE FELLOWSHIP CHURCH NOTES FORMING PART OF THE FINANCIAL STATEMENTS University Bible Fellowship Church The University Bible Fellowship Church is a company limited by guarantee (Number 4296006), the liabilily ofthe members of the company being limited to £1 each. Principal aecounting policies (a) Accounting convention The financial statenients are prepared under the historic cost convention. Jn prepariiigy the financial statements the Church follows the best practice in the UK as set Out in Accounting and Reporting by Charities: Statement of Recommended Practice 2015 - FRS 102. (b) Income Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period. (c) Expenditures Expenditures are included when incurred. (d) Depreciation Furniture, fitting, and office equipment are depreciated at 25 % straight_line basis. (e) Going concern The cash and income of the charity has steadily increased in the lasi five years and based on this the trustees are in the view that there are no economic indicators that show that the sustainability of the charity is under threat in near future. 10