**Charity Registration No. 1121157 (England and Wales)**
**CORNER STONE (KOREAN) CHURCH ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025**
## **CORNER STONE (KOREAN) CHURCH ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS**
||**Page**|
|---|---|
|Charity information|3|
|Director's report|4|
|Income statement|5|
|Statement of financial position|6|
|Statement of changes in equity|7|
|Notes to the accounts|8|
|Detailed profit and loss account|10|
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**CORNER STONE (KOREAN) CHURCH CHARITY INFORMATION FOR THE YEAR ENDED 30 APRIL 2025**
## **Director**
Oon Soon PARK
**Charity Number**
1121157 (England and Wales)
**Accountants**
Rivia Solution Accountants 419 Roman Road Bethnal Green London E3 5QS
## **Accountant’s Report for CORNER STONE (KOREAN) CHURCH**
We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination.
We have no concerns and have come across no matters concerning the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Rivia Solution Accountants 419 Roman Road, London E3 5QS 15 January 2026
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## **CORNER STONE (KOREAN) CHURCH (CHARITY NO: 1121157 ENGLAND AND WALES) DIRECTOR'S REPORT**
The director presents his report and accounts for the year ended 30 April 2025.
## **Directors**
Oon Soon PARK held office during the whole of the period.
## **Statement of directors' responsibilities**
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
- select suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
Oon Soon PARK Director
Approved by the board on: 15 January 2026
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**CORNER STONE (KOREAN) CHURCH INCOME STATEMENT FOR THE YEAR ENDED 30 APRIL 2025**
|**Turnover**
Cost of sales
**Gross surplus**
Administrative expenses
**Operating loss**
**Loss on ordinary activities before taxation**
Tax on loss on ordinary activities
**Loss for the financial year**|**2025**
**£**
48,988
(21,175)|
|---|---|
||27,813
(30,265)|
||(2,452)|
||(2,452)
-|
||(2,452)|
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**CORNER STONE (KOREAN) CHURCH STATEMENT OF FINANCIAL POSITION AS AT 30 APRIL 2025**
|**Notes**
**Fixed assets**
Tangible assets
4
**Current assets**
Debtors
5
Cash at bank and in hand
**Creditors: amounts falling due within one year**
6
**Net current liabilities**
**Net liabilities**
**Reserves**
7
Capital contribution reserve
Profit and loss account
**Members' funds**|**2025**
**£**
1,770
3,074
2,670|
|---|---|
||5,744
(41,620)|
||(35,876)|
||(34,106)|
||(1)
(34,105)|
||(34,106)|
For the year ending 30 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 15 January 2026 and were signed on its behalf by
Oon Soon PARK Director
Charity Registration No. 1121157
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## **CORNER STONE (KOREAN) CHURCH STATEMENT OF CHANGES IN EQUITY AS AT 30 APRIL 2025**
|At 1 May 2024
Loss for the year
At 30 April 2025|**Share**
**capital**
**£**
-
-|**Capital**
**Contribution**
**Reserve**
**£**
(1)
(1)|**Profit**
**& loss**
**account**
**£**
(31,653)
(2,452)
(34,105)|**Total**
**£**
(31,654)
(2,452)|
|---|---|---|---|---|
|||||(34,106)|
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## **CORNER STONE (KOREAN) CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025**
## **1 Statutory information**
Corner Stone (korean) Church is a charity, registered in England and Wales, registration number 1121157.
## **2 Compliance with accounting standards**
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
## **3 Accounting policies**
The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same accounts.
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
## _**Presentation currency**_
The accounts are presented in £ sterling.
## _**Tangible fixed assets and depreciation**_
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
|Plant & machinery
25% RBM
**4 Tangible fixed assets**
**Cost or valuation**
At 1 May 2024
At 30 April 2025
**Depreciation**
At 1 May 2024
Charge for the year
At 30 April 2025
**Net book value**
At 30 April 2025
**5 Debtors**
**Amounts falling due within one year**
Trade debtors|**Plant &**
**machinery**
**£**
At cost
9,684
9,684
7,324
590
7,914
1,770
**2025**
**£**
3,074|
|---|---|
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## **CORNER STONE (KOREAN) CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 APRIL 2025**
## **6 Creditors: amounts falling due within one year**
|||
|---|---|
|**Creditors: amounts falling due within one year**
Taxes and social security
Other creditors
Accruals|**2025**
**£**
111
37,996
3,513|
||41,620|
## **7 Company limited by guarantee**
The company is limited by guarantee and has no share capital.
Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1.
## **8 Average number of employees**
During the year the average number of employees was 1.
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## **CORNER STONE (KOREAN) CHURCH DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 30 APRIL 2025**
This schedule does not form part of the statutory accounts.
|**Turnover**
Fees
**Cost of sales**
Other direct costs
**Gross profit**
**Administrative expenses**
Wages and salaries
Pensions
Travel and subsistence
Motor expenses
Rent
Stationery and printing
Subscriptions
Insurance
Software
Repairs and maintenance
Depreciation
Accountancy fees
Advertising and PR
Other legal and professional
**Operating loss**
**Loss on ordinary activities before taxation**|**2025**
**£**
48,988|
|---|---|
||21,175|
||27,813|
||17,394
335
691
54
7,763
251
264
268
64
151
590
550
1,500
390|
||30,265|
||(2,452)|
||(2,452)|
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