CHARITY COMMISSION FOR ENGLAPID AND WALES Raynes Park Korean Church Annual accounts for the period 01101124 To Charfty Mo 1128349 3111W24 Section A Statement of financial activities Rmtriclod Unrnstricted Incom• endowmènt funds funds lunds ommend¢d categorim by actlvity Prlor year funds Total funds F05 Incomlng ro8ourcM INot• 31 Incom8 and ndln•* from: Dalln5 and lega0• F01 F02 F03 F04 146.769 140,549 146.769 chari19b a1ve6 othertyadlng vItt•• In¥esimeni8 8oparat• m8wbwl itam of Other 9)3 3,598 3,598 2,017 $07 150367 142 566 Total Re8our¢e8 oxpfrnded (Note 6) Expgndltur• on: Rahlng fundi CharithbLe 8¢il¥ltNI8 Sorat8 m8t•rlal It•mal •ywA• Olhor 133,064 133,064 116,002 sio 116002 Total S12 Net In¢om•llexpondltur•l b•for• InvMlm•nt galnslllouèsl $13 814 17.303 17,303 26.564 Nhn$1(S#fj5j on Invoslments N•t Incom•llexp•ndttur•) Extr4ordlnary Itèms Tran•forn botWo•n fund• Oth•r r•cognlsed galnslllos••8): S13 sifj S17 17.303 17.303 26,564 lolses S18 S19 Net movement In funds 17,303 17,303 26,564 Ro¢onclllatlon of funds.. 230 174 247,477 203 610 230 174 Tcrtal funds brouohl 230 174 247 477 Total funds carrl•d fonvard
Firelox Section B Balance sheet RestriGtsd Untricted inGom¢ Ebiwffl•nt Tot•1 th1¥ fvn¢ts fvnlts nds To¥1146t year Flxed a880ts Intsngible assets Tanglble assets H•rltage as8•ts Inv•tm•nts F01 F02 F03 F04 F05 (Notr 151 (Note 141 (Note 161 INoto 171 Tot•1 ¢lx8d •sstrts 5423 4875 4,875 Current assa Stocks (Nots 181 Debtor¥ Ihlote 191 Inv¢$tmont• (Nole 17.41 Ca¥h at bank and In hand (Noto 241 Total cunent au•ts t111 244 348 226 490 227.531 CredltoY¥'. amount 14llifi9 du• wlthift one year P40ts 201 2.294 2232 N•t eurr•n¢ as••trfll•blllU•sJ 012 225.2e9 Tol•l •M•tB l••• ¢unwt 114lJUld•• Èi¥ 23D 174 Cr•dltorn'. •movnts falling du• th•r on¢ year INot• 201 Provl•lon¥ lor Ilabllltl Toi•l n•t a8s•ts orll•bllftl•• Funds ot Iho Charlty Endowment fund• (Noto 271 RMlri¢ted incorne lunds (Not• 271 Unrè8tr1cted fund• B16 247.477 247.477 230,174 817 ¥18 B1• Rev•luation Tot•1 fvnds &z1 47, 230.174 SKJned by om c l%MJ truiW on bgh4fol the tw$tl Dale of appr¢v•i 0110712025 Print Name Jo Mr Myury Soo Boe ¢C178 IEx¢•ll 0IIO¢Q025 I nf 17
Section C Notes to the accounts Note 1 Basis of preparatlon Thls Section should be completed by all 1111¢$. 1.1 Basis of accountlng These accoun18 have been prepared under the hislofical cosl conventKJn with item8 re¢cgnised at cost or transaction value unless otheNise staled in the relevant note(sl lo these awunts. The accounts have been prepared in accordance with". the Statement of Rec(Nnmended Practice." Accounting and Reporting by Charitie8 preparing their accounts in xcordance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 Issued on 16 July 2014 and with. arKI wfth. the Financial ReFL)rting Standard apicab in th¢ Unitsd Kingdom and Republic of Ireland {FRS 102) • and with the Chanties Act 2011. The charity conststutes a pullic benefft entty as defined by FRS 102." -rick aB 4Fpropriate 1.2 Golng concern M thero •rn mat•rl•l unc•rtalnlles •¢¢d to •v•nts oreondltlons th•t c•¥t slgnrflcant doubt on th8 Charftys ablllty to ¢ontlnu• a8 • golng eoncem, pl•M• pn>vld• the lollowlng detalls orstate "Not •ppllcablo". 11 •pproprlat•." An explanation as to those factors that sUPPOrt the condusion Ihal the charty is a wing concern.. Not Appllc•ble Di8¢lo$ur8 ol any unc8rtainlie8 that make the going con¢orn 888umptson doubfful.. Whore accounts aro not prepared on 8 going oncern basis, please dlsclose this lact together with the basi8 On which the trustee8 prepared the accounts and the reason why th8 charity 18 not regarded &8 a going conwn. Not Appllc•bl• NotAopplkable 1.3 Change of a¢¢ountlng pollcy The accounts pre¥enl a true and fair view and the a¢counllng polici05 •Jopled arg th08e outlined in note { }. Ye8" ".Tkk 88 apwoprtate No. Please dlsclose.. (l) th• naturn of the change In accounllng polky." Not 0Okat> fll) the rn•80ns wtyappfying lh• n•v accounllng policy provldes morn rnll•ble and mor• rthant Inlorn7•tion.' and Not aFWicabltr CC17a (Excell P85-6 3010612025
(iii) the aftunt of the adjustment for each line affected In the current perlod. each priorpeiT<)d presented and thg aggregate amount of thg adjustment relating to perlods beforn those presented. 3.44 FRS 102 SORP. Not Applic81 1.4 Changes to aeeountlng estlmates No changes lo accounting estimates have 0rred in the reporting period {3.46 FRS 102 SORP}. Yes" No" "_ric* a8 8Fpropn8te PIM$e dlsclo8•.' (l) the nature olany ¢hang•s.' Not AFf4Kable (11) the effect of tho changg on Income and expense or assets and Il•bllitles for tho ¢urnent perlod,. and Not (111) whern practlcable. the effKt of the chonge In on• or mor• luturn p•nlo¢ts. Not Aoppllcable 1.5 Materlal prlor year ern)rs No mat•rial prior y•8T érror hav• Khnlrfi•d in th• rewrting period (3.47 FRS 102 SORP). No. '.TKk 88 approwwte Ple•J• dl¥clos•." (i) th• natur• of th• prtorp•rtod •nvr. (11) for •ach prforp•rlodprns•nt•d In th• •¢¢ounts. th• amount of tho ¢OrnCtlon ft>r each account Ilne Itenp •ffected.' and (Illj the amount ol the ¢onp¢llon at the beginnlng of the earllestprlorperlodprnsentedln the ac¢ount& CC17a IExc¢ll Page5-8 301Ce12025
Section C Notes to the accounts Note 2 Aecountlng policies Please complpte this note when fitsl rnKorting underFRS2102. S8¢itron 35 of FRS102, rnquirns 3 r8concml8tnS to be presented, if all a applicable. 2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE Please provlde a description of th• naturè of èach change in accounting policy Non• Re¢on¢llakn of funds perprevlous GAAP to funds detemilnod under FRS 102 Start of End of rlod perlod Fund balance8 •8 prevlou8ty stated AdJustm•nts.' Fund bal•n¢• •• rn•tst•d R•eoncllatlon of net Incomrfnet exp•ndltur•J pwpr•vlous GAAP to not Ineomrfn•t oxpwdirum) und•r FRS 102 End of Net Incomelloxpendlturnl as prevlously 8tatod AdJustm•nts.' Prnvloua perlod n•t Incom(exp0ndIture) •• rostatod CC17a (Excel) P•3e 7 3010612025
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Section C Notes to the accounts Nots 10 Detalls of certaln ltsms of expendlture 10.1 Fees for examlnatlon of the account• Plaase pmvlde detalls of the amount pald for any statutory oxtamal scrutlny of o¢¢ounts and other services pmvided by your independenl •xaminer. If nothing wa8 paid please enter V. In the appmpriate box(es). Thls year Last year Independent examlnerf• fees 1,000 1,000 Aggurance servlces other than audlt or Independent examlnatlon 750 750 Tax advlsory fee8 other fee8 Ifor oxamplo: financlal adv1, consultancy, aecountsncy 8orvlc08) pald to the Independent examln6r 240 320 CC17a IEx¢ell Page 18 301C612025
Section C Notes to the accounts (cont} Nots 11 Paid employees Please complete thls note if the charity has any employees. 11.1 Stsff Costs Thls year Last yèar Salarles and wages Soclal securlty costs Penslon costs (defined contrlbutlon scheme) Other employee benefits 58.730 49.923 1,292 750 80,772 1,292 500 51,715 Tolal staff costs Thls year: Pleasè provide detalls of expendlture on staff worklng for the charlty whose contracts are wlth and ar0 paid by a related party Last yoar: Not Itable Ploas• provldo detalls of expendlture on staff worklng for the charlty who8• contracts are wlth and are Pa by a rèlated party Please glve detalls of the number of employees whose total employ•e beneffts (excludlng employer penslon costs) fell wlthln each band of £10,000 fmm £60,000 upwards. M thern arn no such transactlons, please enter Yru6' In the box provlded. No omployeos rKelved employee boneflt8 {excludlng employer penslon costs) for the reportlng porlod of moro than £60,000 Not AppliGable No¢ AppllEalJl• Band Number of em Thls year lo Last year £60.000 to £89.999 £70.000 to £79,999 £80,000 to £89,999 £90,000 to £99,999 £100,000 to £109,999 Thls ear Last ear Please provlde the totsl amount pald to key management personnel Ilncludes trustees and senior management) for thelr servlces to the charity. For spe¢lflc amounts pald to trustees, See Note 28. Not Applicable Not Applicable CC178 (Excell Pag8 121 0110712025
11.2 Average head count In the year The parts of the charlty In whlch the employees work Thls year Last year Totsl 11.3 ExratIa payments to employees and othèrn {excludlng trustéeg) Please complete If an ex-gratla payment Is made. Please explaln the nature of tho payment Th18 year None Lalt yr None Please stste the legal authorlty or reason for maklng the payment Thls year None Last year None Thlg year Last year Please State the amount of the payment (or value of any walvor of a rlght to an asset) CC17a (Excell Pag8 121 0110712025
11.4 Redundancy payments Please complete if any redundancy or temiination paym¢nt18 made in Iho perlod. Thls year Last year Total amount of payment The nature of tho paymont (cash, asset etc.) Th18 year Last yoar The extent of redundancy lundlng at the balance sheot d•t• Please State the accountlng poll¢y for any rodundancy or termlnatlon paymonts CC17a (Exc81) Page 19-21 01107r2025
Section C Notes to the accounts cont} Note 12 Definod contrlbution pension scheme or dofined benefit scheme accounted for as a deflned Gontributlon scheme. 12.1 Please compl•¢0 thts note Ma deffned contrlbutlon penslon $¢henM Is oporalgd Thls year La8t year Amount of ¢ontrlbullon8 recognl8ed in the SOFA as an •xpon8• 1,292 1,292 Please explaln the ba$18 for allocatlng the Ilablllty and expense of deflned contrlbutlon pension Scheme botween activiti and between r88tr1cted and unre8trlcted funds. Unrmtrlctod funds Unre8trkted funds 12.2 Pl••s• eompl•t• thls sectlon whK• the charlty particlpa¢•s In • d•flned benefft penslon plan but18 unable to ascertaln Its share of the underlylng assets and Ilabllhles. Pl•a80 conflmi that although th• •cherna 5$ aGGountod for a8 a defined contrlbutlon plan, It Is a definad tsantt pl•n. Plea88 provkle Such Inforniatlon a•18 avallable about tho plan's surplus or deflclt and tha Impll¢atlon8, If any. for tho rnportlng ¢harlty for th18 year and la•t year, If dlfffrronl Not Appllcable 12.3 Please complete thls soctlon where the chartypathlpat•s In • multl4mploTrwdefined benofft penslon plan that Is account•d for as a doflned conlrlbutlon plan. D•J¢rl th• extent to whlch th• ch•rlty can be Ilable to the plan tor other onlltlg5' obllgation8 under the terni8 and condltlons of tha multl4fflployor plan. If thls18 dlfferent for last year, provldo dots11• Not Appllcab Provldo an explanatlon of how any Ilablllty arlslng from an agrooment wlth multl4mployer plan to fund 8 deficlt has been detsrnilned. If thls l• dlfforont for last year. provlde detall8 Not Appllcable CC17a IExc•ll Page 22 31)10612025
Section C Notes to the accounts Icontl Note 13 Granlmaking Plse complete tlts note rfthe chaiity mad8 anygrants orI%Jali whKh in aggrogato fonn a matwialpart of the charilable activities undertaken. This year: 13.1 Anal19 of grJnl¥ pald Ilnclud•d In co•t of CrItabl# cli¥ibes) rant• to Analys Grnnts to individua Support GOBts Total ActNity prqect 1 Actlty ( prq¢et 2 Activity CY pe¢t 3 Tolal 13.2 Gr•nts mad• to In•titutlon• Please pmvldo d•talls of ¢harlty$ URL Ilty charlty has m•d• grnnts to p•rtlcuI•rlnstitsrtl that •r• m•terf•l In th• context ollts grantm•klng. Detalls of the ld¢Uon supported. puryjose of th• grnnt and totslpald to each Instltudon Is av•ll•ble on the chartty srt•. No Provldo d•t•ll$ Namm of In#titutlon rot•l •mount of r•nt• ald £ Toé•l9rants to Inti¢utioN In reportlng p•rfod O¢herUn8se9r TOTAL ORANTS PAID Last year: 13.3 Anal l• of Includ•d In cost of ¢harftabl• a¢tfvlil8•1 rants to in•titulion• Anatys Grnnts to indlvldua Support ¢o•ts Total A¢tNty or yolect 1 CC178 IExtl) P&Je Z&24 01107r2025
Ath"vty or project 2 tivity v project 3 Advty or prol8Ct 4 Total Pleaso enter"Nll" Ilthe ¢h•rity do•8 not Id•ndfy4n(VoT •llo¢ate support wts. 13.4 Grnnts mad• to Insdtutlon• Ple•s• provid• d8laHs of charlty's URL. y charity has made lo partkular thatarn nmteflalln th• Context ofits grantmaklng. D•tolls oi th• htstftution $upport¢d, purpos• ol th• grant and lotalp•ld to •ach Inslftukn Is •vailabl• on th• charftys web stte. No Provld• dot•ll8 Iwlow Totsl amount of rnnts pald E 2,520 N•m•s of ItItUtIOn Purpo•• Unlted Kingdom Greé Missionary suppNI- 4 mi8$*Marns mis8ry 8UPP)rt missionary support mMsKynary gupport missionary supwt Middle East Meal 8eThico for thg homeless Missi#ry 8UPPOrt.workirwJ with al¢oholics Donation 720 720 Ukralne 720 Burklna Fa80 South Kor•a 720 Tear Fund 1,810 1.835 11.979 910 Rellef for sufferfng Vval Vlgiling Korean ml$$ionarie$ Reliel for suffering Jackets for Home1•88 1,190 Total 9rants to Instllutlom In repothg perfod Othor un•natyseaTgrnnts TOTAL GRANTS PAKJ 22.924 0%07r2025 CC17a (Excdl Pap 2>24
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Sectioii C Notes to the accouiiis Not•17 Inveslm8ntassots 17.1 Hxod a8s•ts In$1m0nts Iplpaso pn>vido lor ea¢h of In¥•8knonl) CAsh CatyryJ Ilalr) val al btginnir¥J ol p8dod Add: addllknns to penod. Le88.' d18PQ8a at val Lw•.' Imp•1mnts Add: Rw•rso1 of Imp•1mn AthVld•du¢t): transfw inlloth> in I p6dod A{d•t). net ge1n10) on r6Voluaik)n Ifalr) VBlu8 ot ¢rn1 'pl•a •p•elfyddhknr• rn•uNlng Irvxn •cqul•ttl¢)n• throuBh combTr•tknM. Ir Lottdtrn Stock Exelmnqe DPNY OfflclLh1 or¢qufv•lw¢ Foroth•T••Mt¥ wh•rn th•rn18 nonw•¢&vk• on• trad1dffl•rt 17.2 Pl•a•• provbd• a bMikd¢wN of In¥wtm•nts •hown bo¥• or••lng wlth th• b#knnc• •hxt mw 804 dlff•r•ntltlng llw•gn th h•ld •tlalr •nd thog• h•kl It cg•t Iw• kwlrnwnL Th1• y•4r.' Anaty•h of Inv••lmorrt• Cvh or u•h •qul¥al•nts Ll•t•d Inv••tmMt¥ InvHtm•nt prop•rti Oth•r Inv•8lm•nts Total Grnnd tolal IF•lr ¥•lu• •ty••r•nd+¢o•t I knpdnr) Lisly•ar. Anaty•l• of Invmtrnon F4lr v414lbw•nd I IM• Imp•lrm•iit a•h h •qulval•nt• LIBted In¥••tm•nt prty•ril SOCI In¥o8kn8n18 othlr In¥••tsn•nts Total Grnnd totsl IFalrvlu• aty••r•lth¥t ¢¢17• 27 JOICWL025
17.3 Wyour charlty holds hnv••lm•nt prop•rti•s. pl•••e compknts th? fouowlng nots: Thil y•ar La8t yoar 111 Expknln th• m•thod• and •1gnlfiunt aumP0M In d•t•fmlnlhg th• lalrvaJ• of Iwowrty hthl by th• charmy 1111 N•mo or Ind•p•nd•rty•Mr, Ilappll¢•bl•, rnlvmnt quqimG•tlon• 1119 Provlrt• d•tslhol •rry r••blctlon• on to r••ll Inv0mont propgrty <on th• f•mlttbK• ol Iiicoin• or dlsp¢A41 proc8od8 Ilv) Explaln •mi ¢wirnctual obllq•Jon• forth• purGI••, cotructbort ord•v•loprn•n¢ ol InvMtm•rt prowbty orlor rop•lr¥. malnt•Mnc• or•nh•n¢•mknt• 17.4 Pl•i• pro¥ld• a Ix••kdown ol ¢utt•ntau•t kn¥0lm•nts. Wapplk•bl•. •gr••lng wlth th• b•l•nc• •ho•L An41¥ of ¢yrr•nt •••t Intmkn•n¢• L•ty••f C•h or ¢Mh •qylv•k•nts 244.390 220,490 prop•rtl• Soclal Inv•¥tm•iit• Other InvMtm•n Tot•1 244. 226,490 17.6 Guarnnts•• La•t prad• d•i•ll• wrwrt ot *rty ¥Unts• m•d•to oron b•halfof4 thlrd wvty Nam• ol ¢h• •ntlty ¢r•ntitl•• Ilw• gu•r•rht Pl•ug •xpthln how th• gu•rnnts• furth•rn ¢h•rW• •kn• CC170 l&xt4D 30106n02S
Section C Notes to the accoiints Icontl Note 19 Debtors and prepayments Please complete this noto If the ¢hatty has any d•btors orprnpaymonts. Thls year Last year 19.1 An•ly818 of d•btorn Trnd• debtorn Propayments and •¢¢ruad Incom• othor debtorn 1,041.0 1.041.0 Totsl Pl••88 complet• 19.2 wh•rn a m•twlal dobtor Is roeovvabl• morn than • Jwrafter the reportlng date. 19.2 An4ty81• of dobtorn r•¢o¥arnbl• In mor• th•n 1 year Iln¢ludod In dobtorn •bov•l Thls y••r Last yoar Trade d•btorn Prepayments and •¢¢ruod Incom• Oth•r debtorn Total CC178 (Excel) Page 31 301W2025
Section C Notes to the accounts Icont} Note 20 Creditors and accruals Pltsso complete this not• M the charity has any credikn5 oraccrual& 20.1 Anaty818 of creditor8 Amounts falling due wlthin one year Thls yoar Last year Amounts falllng due after more than one year Thi• y•ar Last year Accruals for grnnts payab Bank loans and overdrafts Trado credilors Payment8 recelved on a¢count lor contracts or perfOrnianceo1at0d grants A¢crua18 and doferr•d Incomo 2.294 2,294 2,232 Taxatlon •nd •ocl•l socurlty Othor ¢redltor• Tot•1 32 20.2 Deferred Income Please complet• th1$ noto Mth• ehartty has d•lerr•d Incom•. Th ear Last ear Please oxplaln the rnasons why Income Is def•ff•d. Movomwrt In deferndlncome •¢¢ount Thh yur Last yoar Balan¢• •t tho •tsrt of th• rnportlng perlod Amount8 added In currnnl p•rlod Amounts rnleased to Income from pr¢vlou• perlods Balance at the end of th• r•portlng perlod CC17a {Ex¢ell Page 32 30106r2025
SLLilOiI C Not• 24 Cmh •t nk and in h•nd Th1• y••r La•ty••r Short t•Th cmh In¥Mtm•nl•llM• th•n 3 m•tur#y d•*) 8hon t•im Ca•h Ot b•nk •1 on nd 185,544 T•t•l Z44.348 226,4frJ CC17a (Exe41 0110712025
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Section C Notes to the accounts {contl Nots 29 Additional Disclosures The following arn significant matters whlch aro not eovered In oth•r nots• and nood to included to provide a proper undarstanding of thè accounts. If thèm is insufficient room here, please add a separate sheoL None CC17a IEx¢ell P4e 36 0110712025
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examinerfs Report Rèport to the trusteesl members of Raynes Park Korean Church On accounts for the year onded 3121 December 2024 Charity no (if any) 1128349 Set out on pages I report to the trustees on my examination of the accounts of the above charrty ("the Trust.) for the year ended 31° Dernber 2024. R88ponsibilitiès and basis of report As the charity twstees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 {'the Act.). I report in respect of my examlnation of the Trust's accounts carried out under section 145 ofthe 2011 Ad and in carying out my examination, I have follovml the applicable Dir8¢1ions given by th8 Charty Commission under section 145{5){b} of the Act. I have completed my examination. I confim) that no material matters have come to my attention (other than that disclosed below ') in connection with the examination which gives me cause to beIve that in, any matenal respect: accounting records were not kept in accordance with section 130 of the Act or the accounts do not accord with the accounting records Independent examinor's Statsment I have no concems and have c¢)me across no other matters in connection with the examination to which attention should drawn in order to enable a proper understanding of the accounts to be reached. . Please del8te th8 words in the brackèts rfthey do not apply. Slgned: Date: Name: Roland Alan Mitchell Relevant profe$slonal quallfication(sl or body {if any): Association of Chartered Certrfied Accountants Address: 173 Wainscott Road, Frindsbury Extra. Rochester. Kent, ME2 4JX IER October 2018
Section B Disclosure Only Gomplete rf the examirer needs to highlight matters of concern (see CC32, Independent examination of charty accounts.. direth'ons and guidance for examiners). Giv8 here briof details of any items that th& examiner wishes to disclose. None IER October 2018
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period From 0110112024 To 3111212024 Charity name: RAYNES PARK KOREAN CHURCH Charity registration number: 1128349 Objectives and Activities Summary of the purposes of the charity as set out in its governing document P•r• 1.17 To worshlp God within the Presbyterian fr4lth. To develop religious education for Korean speaking congregation in and around London. To provide a help network for underprivileged Koreans in The U.K. To support Korean communlty projects In the UK, Europe and Korea. To provide financial support for overseas Chrlstlan mlssions Provision of quarterly financial support for overseas Christian missions in Ukraine, Greece, Lebanon and the Unrted Kingdom Summary ofthe main activrties in relation to thosè purposes for the public benefrt, in particular, the activities, projeds or services identified in the a¢count8. Par• 1.17 w#J 1.19 Organisation of religious education and church and sport activities for youn8er members of the Congre8atn. Dellvery of financlal ald and food lIef to underprivlle8ed Koreans In the UK and Korea. statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public b8nefit Parn1.18 The trustees have had re8ard to the guidance issued by the Charity Commission on Public Benefit. No trustee Is receivin8 any benefit or salary from the charity. Addltlonal Infomiatlon loptlonal) You ma thoose to include further statements where relevant atrx)ut: SORP relerence P•r• 1.38 Policy on grant making NIA Parn138 NIA
Policy on social investment including program related investment Para 1.38 Contribution made by volunteers NIA Other NIA Achievements and Performance SORP rnfer•n¢e Summary of the main achievements of the charity, identifying the difference the charity's work has made to the ¢IUM$t3n¢es of rts beneficiaries and any wider benefits to society as a whole. The Church was able to support its various charitable activities and in particular: Parn 1.20 The church has malntalned Its support for missionaries amountin8 to £22,92412023 £20,860). Amounts paid out were as follows: To missK)naries and refugees in: UK- Hojun8 Min £720 UK- S H Keene £720 UK- Myun8sn Chun8 £720 UK- E R Ko£360 Greece- £720 Ukraine - £720 Burkina Fa50 - £720 South Korea - £720 Misslonary vlsitors In UK £910 Jackets for Suffers in UK -£1,190 Refugees in the Midde East £1,610 Meal Service- Southall £1,835 Missionarysupwrt in Wales £11.979 Other thurch activities included outdoor worship. Additional infomiation (optional) You ma hoose to include further statements where relevant about
Achievements against objectives set Pwa 1.41 Perfomiance of fundraising activities against objectives set P¥ra 1.41 Not Applicable Investment perfomance against objectives Par• 1.41 Not Applicable Other None Financial Review Review of the charty's financial position at the end of the ponod Parn 1.21 The charity relies solely on donations from Sunday Collections at Church Ser¥i¢es. There have been no other fundraisin8 actlvltles In 2024. A summary of its income and expenditure 2024 120231 on its core objectives was a5 follows: 2024 2023 £150,367 £142,566 Income Expendlture: Religious Educatlon £ 86,464 £ 73.597 Social Support £ 22,924 £ 20,860 Community Projects £ 11.749 £ 10.50S Governance costs £ 11,927 £ 11,040 Surplus / (Deficit) £ 17,303 £26,564 Statement explaining the policy for holding reserves stating vthy they are held PAM 1.22 The charity keeps on deposit sufficlent funds to ensure that it can meet its commitment5 to meet annual salaries and rent of the church hall for about 12 months in advance. £244,348 Not Applicable Amount of reserves held Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the Para 1.22 P•r• 1.22 Para 1.24 Not Appllcable P•rn 1.23 Not Applicable
charty continuing as a going concern Additional information Ioptional You ma choose to indude further ststemerts wher8 relevant about: The charty's principal sources of funds {inGluding any fundraising) Para 1.47 Members donations Invèstment policy and objectives including any social investment policy adopted Not Applicable 1.46 The major riskls that members Sunday collections may be insufficient to cover contractual obligatM)ns. To manage this risk, annual budgets are prepared and approved by church members in December of each year for the next yearcommencingjanuary. The actual receipts and payments for each quarter are reported to members in the month after each quarter, so that a constant quarterly check is made on collections and obligations. In addltion, church members who are employed agree to pay a fixed proportion of their income In the fomi of tlthes, which forms the guaranteed minimum which the church can antldpate to meet Its annual commitments. A description of the principal ri8ks facing the charity 1.46 The other mah)r rlsk Is over the cash and cheques spent by the charity. All cash spent must be authorised within the annual bud8et, and cheques and cash issued for charity expendlture must be properly supported bv recelpts, which are summarised weekly and authorised two responsible trustees. Other Structure, Governance and Management Description of charity's trusts.. Type of goveming document P•rn 1.25 Trust Deed How is the charty constituted? Parn 1.25 Unlncor rated Assoclatlon
Trustee selection meth¢)Js induding detsils of any constitutional provisions e.g. election to post or name of any person or body entrt to appoint one or more trustees Para 1.25 213rd$ majority of the Church Addltlonal Inforniatlon (optlonal) You ma choose to include further statements where relevant about.. Trustee5 are selected from the elders of the church, and follow the Presbyterian system of induction and training as laid down in the Presbyterian manual adopted from the Presbyterian Church of South Korea. Policies and procedures adopted for the induction and training of trustees Para 1.51 The Church is a member of the Presbyterlan Church of Korea and Its pastors are selected from PSbyterian seminarie5 in the Republic of South Korea. The charty's organisational slrudure and any wider neork bwth which the charity work8 P¥0 1.51 Relationship with any related parties P•r• 1.51 None Other Reference and Administrative detsils Chari name Other name the charit uses istered charit number Charity's prinopal address Ra NIA 1128349 133 Claremont Avenue, New Malden. Surrey. KT3 6QR. nes Park Korean Church Names of the charlty trustees who manage the charlty Date• acted 11 not lor whol• Tru•ts• n•m• Offlc• Ilf any) Namè of person lor body) •ntitl•d toa int truJtg¥ ifan 213rds of Congregation Mr Jae Min Kwon Chairman
Mr Myung Soo Bae Mr Seng Hyun Jo Secretary Treasurer 213rds of Congregation 213rds of Congregation 10 12 13 14 15 16 17 18 19 20 Co orate trustees- names of the directors at the date the re DSr•etor nam• wasa roved NIA Name of trustees holding title to property belonging to the charty Tru•t•• namg D•t•• •ct•d If not forT*hole NIA Funds held as custodian trustees on behalf of others Description of the assets Not Applicable heid in this capacity Name and objects of the charily on whose behalf the assets are held and how this Not Applicable
falls within the custodia thanty'8 objects Oetails of 8rrangemenTS lof , Nol Aleae safe custody and segregation of such aasets from thÈ charty's own asseis Additional inforniation loptionall Names and addrss9 of adviserd Ioptional infomi•ts"onl Type of Nam• Addr&s• dvl¥¢r AG¢ounta R A Mrt=hell & Co Ltd . 173 IhainsGtJtt P.oail. vvdfrth. Rter. Kent IJE2 nts 4JX Name ol chlof 8x•cutlve or nam•• of Mnlor •tsff m•mb•N IOptlon•l Informitionl Exemptions from dlsclosure R8a$on for non.dlsdosurg 01 .etsonl dat&'l6 Not Appll¢•b Other o .tIonal infomiation Non Declarations The trusto•¥ dKl*rn tlb•t th•y havg approv•d tha trust•g$' report abov•. Slgn•d on bohall of th• chartty'8 tru•ts•• Slgnaturo($).' Full namds) Mr Myun9 Soo 88• Posilion leg Se¢rotsry? eGretary Chalr. etcl My 5eng Hyun Jo Tasurer Da¢9