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 reqUI￿d 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.
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