REGISTERED CHARITY INUMBER: 1130821
Report of the Trustees and
Fillaneial Staten)ents
for the Year Ended 31 May 21124
for
Koreaii Eatfiiig Chllrch
Wilsoii Par￿e1'S Luiiited
Chancery House
30 St Jol)ns Road
Woking
Suii'ey
GU217SA

Korean Ealing CJ)urch
Coiiteiits of tlie FinaiielAI Statett)eJ)ts
foi. tlhe Yeai. Ended 31 May 2024
Page
Repoi't of the Trustees
Independent Ex¥miiier's Report
Statement of Financial Activities
Statement of Financial Position
Noles to the Financial Statements
Detafiled Statement of FinAncial Aetivities
9 to 10

Koi'ean Ealiiig Cliurcli
Report of the Trustees
for the Yeav nded 31 May 2024
The tswstees pi'esent dieir i'epoit witii tlie fmancial stateiiients of tlie chaiity for the yeai. ended 31 May 2024. The
liustees liave adopted tlie piovisions of Accounting aiid Repoi'ting by Cliai'ities.. Slateinent of Recoii]niended Pi'actice
applicable lo cliarllies pi'epariiig tlieir accounts in accoi'dance willi the Fiiiaiicial Repoi'ling Standard applicable in die
utl and Republic of li'eland (FRS 102) (effective l Jaiiuaiy 2015).
OBJECTIVES AND AcfIviTIES
Objectlves and aiins
Tlie objectives of tlie chai-ity al'e lo pi'oinote Ilie eI￿lst1an faiili.
Significant activities
The principal fiind L2iSllig activity of th¢ cliui'ch is tlie offeiings and donations niade by die membaE of the church
cOng￿gatIon. Tl)e ￿ndS raised are used to suppoi't inissionaiy woi'k, bolli in tlie Untled Kii)gdoni and abroad, to give
sdiolai'ship support to studails. and geL)erally lo give suppoit and aid to those less well off iii tlie coiilliiunity.
Pub]It benefit
Tl)e tt'ustees liave taken Tlie Cliaiity Coirnnissioii's specific and genei?I guidance on public benefit (contained within Ilie
guidance publication "The Advancemeiit of Religion foi. the Public Benefit" and with tlie revised guidance publication
'Cliai-ities and Public Benefit") into consideration in pi'eparing Ilieir slalement oil piiblic benefit contained witliin tliis
trnstees, at)nual i'eport.
FINANCIAL REVIEW
Pi'ineipal funding soui'ces
Tbe cli￿'1ty received donations and intei'est of £195,911 (2023: £190,005), duiing tlie yeai. the cliarity also received gift
aid of £36,501 {2023'. £30,468) Inaking tlie lolal incoining resouires £232,412 (2023.. £220,473).
Total expenditui-e incuii'ed was £227,529 (2023.. £185.086) tl)at left net inconiing resoiii'e¢s foi. tl)e yeat. of £4,883
{2023: £35,387).
Tlie trustees applied and sliall continue to apply all accuinulations of the income to cliaritable causes after making sllcli
provision foi. all exp¢iiditur¢ on ttust administtalion.
Reserves pollcy
Tlie um'eslricted ￿ndS reserve of the chai'ity at 31 May 2024 aii)ounled to £348,843 (2023.. £343,960).
It is Ilie tsuslees, view tliat it is piudent to ensui'e Iliat there al'e sufficient fl'ee i'eseives to pi'ovide financial flexibility
thIDugliout the ye￿. Tlie long term aiiii is to use the rese￿eS for the purchase of a site for a cbui'cb.
FUTURE PLANS
Tlie cl)arity will continue to pursue its objectives as slated above.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Covei'iiijig doeumeiit
The cliarity is controlled by its goveining docuinenl, a deed of trust and constibjles an Uninco￿01.ated cl)ai'ity.
Risk maiiagenient
The liuslees liave a duty to identify and review the risks lo wliich the chai'ity is exposed and to ensure appropriate
conli'ols al'e in place to provide reasonable assurance against fraud and etTOi'.
REFERENCE AND ADMif41STRATIVE DETAILS
Registered ClIArity number
1130821
Principal address
Koi'eaii Ealing CEiui'cli in HGBC
Casllebai. Road
Ealing
London
W5 2UP
Page I

Koi'ean Ealing Cliurch
Report of tlle Trustees
for tlie YeAI' Ended 31 May 2024
Trustees
D J Icang (i'esigned 21212025)
Y W Cliang
B Yyoon
SC Park
Independent Examlner
Andi'ew C2ipenteL
Wilsoii Partiiers Liinited
Chaiicery House
30 Sl Jolins Road
Woking
Suii'ey
GU217SA
COMMENCEMENT OF ACTIVITIES
Tlie cl)aiity was set up on 25 May 2009 and took over tl)e assets of tlie Korean Ealing cliui'cli cOn￿'egation.
AppiDved by ol'der of the board of tnistees on 17 Apiil 2025 and signed on its behalf by:
SC Park- Trustee
Page 2

Independent Exainlnei s Repoi't to tlie Ti'ustees of
I<oreaD Ealing Chul'ch
Independent exaniineY'$ report to the ti'ustees of Kore211 Ealiiig Church
I report to tl)e chai'ity kn'ustees on Iny exaniination of tlie aecounts of Icoiran Ealing Churcli {tlie Tn￿t) foi. the yeai. ended
31 May 2024.
Responsibilitie5 and basis of i'epoi't
As ti)e charity liustees of tlie Ti'ust yOlL are i'esponsible foi. the pi'epai'ation of tlie a¢eounts in accoi'dance with tlie
requireinenls of tlie Cl)arities Act 2011 ('Ilie Act,).
I I'epoit in i'espect of Iiiy examination of Ilie Trust's accouiils caiiied out under Section 145 of tlie Act ai)d in caiiying out
iiiy exanitnation I l)ave followed all applicable Dii'ections given by the Cliai'ity Comiiiission iindei. Section 145(5)(b) of
tlie Act.
Independent exaniiiiei s stateinent
I have completed iiiy exaniinatioii. I confii'iii that no inaleLial malteiB liave eoine to iny attention iii connection with Ibe
exaniination giving me cause to believe tl)at in aiiy nialeiial respect..
ac¢oiiMting i'ecords wei'e not kept in i'espect of ilie Ti'ust as requii'ed by Section 130 of tlie Act. oi.
tlie accouiits do not accord willi 11)ose Ircords. oi.
tlie accouiits do not coniply witli tlie applicable requii'ements coiiceiniiig tlie foi'iii 311d contellt of aceoiiiits set out
in tlie Cliai'ilies {Accounts aiid Reports) Regulations 2008 oilier thali any requireiiieiit that tlie accounts give a
e aiid fall. view wliicli is Liot a niatlei. consideLEd as pai'l of an independent exaiiiination.
I have no coiicei'iis and have coiiie aci'oss no olliei. n)attei's in connection with the ewninatioii lo which attention should
be di?wn in this i'eport in ordei. to enable a pi'oper understanding of tlie accounts lo be i'eacl)ed.
Andtrw Catyenter
Wilsoii Parttiers Limited
Cliancery House
30 St Jobns Road
Woking
Sw'i'ey
GU217SA
l7 Apiil 2025
Page 3

Koi'ean Ealiijg Cliui'cli
statejnent of FinaiiclAI Actlvltles
for tlie Yeai. Ended 31 May 2024
3115124
Urn'estricted
funds
3115123
Total
fund8
Notes
INCOME ATr4D ENDOWIIIENTS FROM
Doiiations and legacies
230,173
219,876
ivestnient income
2,239
597
TotAI
232,412
220,473
EXPENDrruRL, ON
Cliarltable attivitles
Cl)ai'ilable activities aiid support
213,906
175,062
Oiliei.
13,623
10,024
Total
227.529
185,086
NET JNCONIE
4,883
35,387
RECONCILIATION OF FUNDS
Total funds brougl)t forwai'd
343,960
308,573
TOTAL FUNDS CARRIED FORWARD
348,843
343,960
Tlie notes fonn pait of Iliese fiiiancial stateinents
Page 4

Icoi'ean Ealiiig Cliui'cli
Statement of Thnaneial Positioll
31 May 2024
3115124
UrnEstricted
funds
3115123
Total
nds
Notes
CURRENT ASSETS
Casli at bank
348,843
343,960
NET CURRENT ASSETS
348,843
343,960
TOTAL ASSETS LESS CURRENT
LIABILITIES
348,843
343,960
NET ASSETS
348,843
343,960
FUNDS
Uill'esli'icled funds
348,843
343,960
TOTAL Ftif+lDS
348,843
343,960
Tlie financial stateinents were appiDved by Ilie Board of Tiustees and autliorised foi. issue on 17 Apiil 2025 and wei'e
signed on ils belialf by..
Yo
B Y Yoon- TTUStee
Tl)e notes foiin pait of tliese financial staleinenls
Page 5

Korean allttg Cliui'ch
Tr4otes to the Fln2ncial Stlltements
for the Yeai. Ended 31 May 2024
ACCOUNTJNG POLICIES
Basis of pi'eparing the finanelal stateilients
Tlie financial slalements of Ilie cliai'ity, whicli is a piiblic benefit entity under FRS 102, have been pi'epai'ed in
accordaiice with the Ch￿itIeS SORP (FRS 102) 'Accounling and Reporting by Cliarities: Stateiiient of
Recoinmended Practice applicable to cliai'ities pi'epai'ing theii. accouiits in accoidance witli the Finaiicial
Repoi'ling Standard applicable iii Ilie UK and Republic of Ireland (FRS 102) (effective l J8iiuaiy 2019),,
Finaiicial Reporling Standard I02 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and Ilie Cliarities Act 2011. Tlie fii)ancial staleiiients have beeii prepared undei. Ilie liislorical cost
convention.
liieoine
All incoine is i'ecognised in tlie Stateinent of Finaiicial Activities once the cliai'ity has entitlement to the funds, it
is pi'obable that the inconie will be received and tlie amount can be measw'ed ¥eliably.
Expeiidlture
Liabilities al'e recognised as expenditutE as soon as tliere is a legal or coi)sli'uctive obligation eoininitting the
charity lo Iliat expenditui'e, it is probable tlial a d.￿1Sfer of economic benefits will be i'equii'ed in settlen)ent and
tlie aniount of Ilie obligation Can be nieasui'ed i'eliably. Expenditure is aecouiited for on an acci'lials basis and lias
been classified undei- lieadings Iliat aggiEgate all cost related to 11)e category. Wliere costs ￿tt00t be dii-ecily
ath'ibuted to particular l)eadings diey l)ave been allocated to activities on a basis consistent with tlie use of
resources.
Taxation
The Ch￿lty is exempt fi￿Ill tax on its charitable activities.
Fund accountlng
Unrestricted funds cali be used in accordance witl) tlie cl)ai'itable objectives at tlie disci'etion of tlie trustees.
Restricted funds cali only be used for paiticular restrieted purposes wiiliin Ilie objects of the charity. Restrictions
ai'ise wlien specifLed by tlie donor oi. when thnds are raised forp￿ticl11ar i'estricted puiposes.
Fwther explanation of the iiatui'e and purpose of eacli thnd is included in tlie notes to the fllwicial statements.
Penslon costs and othei. post-l'etli'enieiit beiiefits
Ti)e cl)ai'ity ope121es a defined conti'ibutiot] pension sclieine. Coi)Iributions payable to tlie cliai'ity's pension
sclieme are charged lo ttse Statement of Fiiiancial Activities in tlie pei'iod to wl)icli tliey relate.
INVESTMEIYT INCOME
3115124
3115123
Deposit account interest
2,239
597
TRUSTEES, RE￿RATION AI¥4D BENEFITS
Tliere were i)0 ts'ustees, i'eiiiunei'ation oi. oiliei. benefits foi. 11)e yeai. ended 31 May 2024 noi. for Ilie year elided
31 May2023.
Trustees, expeiises
Their wei'e no liustees, expeiises paid foi. die Ye￿ ended 31 May 2024 nol foi. the yeai. ended 31 May 2023.
Page 6
contiiiued...

Koi'eaii Ealing Cliurcli
Notes to the filiian¢ial StAtenients- contfinued
for the Yeai. It nded 31 May 2024
STAFF COSTS
Tl)e average montlily nuiiiber of eii)ployees during tlie yeai. was as follows:
3115ll4
3115123
Pastors
No einployees i'eceived einolunients in excess of £60,000.
MOVEMENT IN FUNDS
Net
niovement
in funds
At
3115124
At 116123
Uni'esti'icted funds
General fund
343,960
4,883
348,843
TOTAL FUNDS
343,960
4,883
348,843
Net inovement in fLwds, incIuded in tlie above al'e as follows:
Iiicoi)iing
resoui'ces
Resoui'ces
expended
Moveiiient
in funds
Ui)Yesti'icted funds
Geneixl fund
232,412
(227,529)
4.883
TOTAL FUNDS
232,412
{227,529)
4,883
Coinpai'atives for movemeilt In funds
Net
njovenient
in thnds
At
3115123
At 116122
Uiiresti'icted funds
General fiind
308,573
35,387
343,960
TOTAL f<UNDS
308,573
35,387
343,960
Compai'ative nel movement ii) fui)ds, included in tlie above are as follows..
Incoining
resoui'¢es
Resoui'ces
expended
Movement
iii fuiids
Uni'esti'icted funds
Genetal fund
220,473
(185,086)
35,387
TOTAL FUTr4DS
220,473
(185,086)
35,387
Page 7
continued...

Icoi'eaii Eallng Cliui'ch
Notes to tlie financial Statenients- contiiiued
ror tlie Yeat, Ended 31 May 2024
MOVEMENT IN FUTr4DS - continued
A curiEnt year 12 Inontl)s and prior yeai. 12 inoiiilis coiiibined position is as follows..
Net
iiioveiiieiit
in ￿ndS
At
3 115124
At 116122
Uni'esti'leted funds
Geiiei?l fi)nd
308,573
40,270
348,843
TOTAL FUNDS
308,573
40,270
348,843
A cui'rent year 12 inonihs and pi'ioi ye￿. 12 niontbs coinbined net iiioveinent in fiuids, ithcluded irL the above are
88 follows..
Incoming
resoui'ces
Resoui'ces
expeiided
Movement
in funds
Uni'esti'leted funds
Genei?l fi￿d
452,885
(412,615)
40,270
TOTAL FUNDS
452,885
(412,615)
40,270
Reseives are niaiiitained to ensure sufficient fi'ee reseives to pi'ovide financial flexibility. The loiig teiTll aiiii is to
build up i-eserves for tlie pui'cliase of a site foi. a church building.
RELATED PARTY DISCLOSURES
There were no ielated paty ts'ansactions for the yeai. ended 31 May 2024.
Page 8

Koreaii Exliiig Cliurch
Detailed Stateintnt of Fiiiancial Activities
foi. the Year Ended 31 May 2024
3115124
3115123
INCOME AI¥D ENDOWMENTS
Donatlolls aiid legacies
Donations
Gift aid
193,672
36,501
189,408
30,468
230,173
219,876
Investment income
Deposit account iiiterest
2,239
597
Total ineomlng resources
232,412
220,473
I XPENDITURE
Chai'itable acrfvities
Mission support
Educatioi) support
41,604
38,118
30,344
16,456
79,722
46,800
Other
Speakers & chw'eh aetlVLlies
Cliurcli refi'esllliients
8,587
5,036
6,329
3,695
13,623
10,024
Suppoi't C05tS
Maiiagement
Rent
Insuraiiee
Light and heat
Advertising
Motor expenses
Activities support
Special pw'pose support
Oiliei. cl)ui'cli costs
38,044
369
1,091
128
4,577
9,558
3,950
3,446
29,144
379
430
774
7,562
10,586
18,310
2,861
61,163
70,046
Ffiilance
Bank charges
961
1,009
Governance costs
Wages
Social secwity
Pensions
Account￿]cY and legal fees
67,316
1,261
1,321
2,162
52,737
1,105
1,321
2,044
72,060
57,207
Tliis page does iiot forin pail of tlie statutoiy fiijancial statemeiils
Page 9

KoreAn Ealiilg Cliui"cl)
Detailed StAteillent of Fiilancial Actlvltles
for tlie Yeai. Eilded 31 May 2024
3115124
3115123
Total resoui'ces expended
227,529
185,086
Net Income
4,883
35,387
This page does not form part of the Sta￿tOry financial statements
Page 10