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← Korean Ealing Church

2025-05-31-accounts

REGISTERED CHARITY NUMBER: 1130821

Report of the Trustees and

Financial Statements

for the Year Ended 31 May 2025

for

Korean Ealing Church

Wilson Partners Limited Chancery House 30 St Johns Road Woking Surrey GU21 7SA

Korean Ealing Church

Contents of the Financial Statements for the Year Ended 31 May 2025

Page
Report of the Trustees 1 to 2
Independent Examiner's Report 3
Statement of Financial Activities 4
Statement of Financial Position 5
Notes to the Financial Statements 6 to 8
Detailed Statement of Financial Activities 9 to 10

Korean Ealing Church

Report of the Trustees for the Year Ended 31 May 2025

The trustees present their report with the financial statements of the charity for the year ended 31 May 2025. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objectives of the charity are to promote the christian faith.

Significant activities

The principal fund raising activity of the church is the offerings and donations made by the members of the church congregation. The funds raised are used to support missionary work, both in the United Kingdom and abroad, to give scholarship support to students, and generally to give support and aid to those less well off in the community.

During the year the church started the process of purchasing an investment property for £473,000 which completed after the year-end on 16 October 2025.

Public benefit

The trustees have taken The Charity Commission's specific and general guidance on public benefit (contained within the guidance publication "The Advancement of Religion for the Public Benefit" and with the revised guidance publication "Charities and Public Benefit") into consideration in preparing their statement on public benefit contained within this trustees' annual report.

FINANCIAL REVIEW

Principal funding sources

The charity received donations and interest of £194,597 (2024: £195,911), during the year the charity also received gift aid of £37,157 (2024: £36,501) making the total incoming resources £231,754 (2024: £232,412).

Total expenditure incurred was £232,404 (2024: £227,529) that left net outgoing resources for the year of £650 (2024: net incoming resources of £4,883).

The trustees applied and shall continue to apply all accumulations of the income to charitable causes after making such provision for all expenditure on trust administration.

Reserves policy

The unrestricted funds reserve of the charity at 31 May 2025 amounted to £348,193 (2024: £348,843).

It is the trustees' view that it is prudent to ensure that there are sufficient free reserves to provide financial flexibility throughout the year. The long term aim is to use the reserves for the purchase of a site for a church.

FUTURE PLANS

The charity will continue to pursue its objectives as stated above.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1130821

Page 1

Korean Ealing Church

Report of the Trustees for the Year Ended 31 May 2025

Principal address

Korean Ealing Church in HGBC Castlebar Road Ealing London W5 2UP

Trustees

D J Kang (resigned 2/2/2025) Y W Chang B Y Yoon SC Park

Independent Examiner

Andrew Carpenter Wilson Partners Limited Chancery House 30 St Johns Road Woking Surrey GU21 7SA

COMMENCEMENT OF ACTIVITIES

The charity was set up on 25 May 2009 and took over the assets of the Korean Ealing church congregation.

Approved by order of the board of trustees on 12 February 2026 and signed on its behalf by:

Bum Yong Yoon

Bum Yong Yoon (Feb 12, 2026 14:22:54 GMT)

B Y Yoon - Trustee

Page 2

Independent Examiner's Report to the Trustees of Korean Ealing Church

Independent examiner's report to the trustees of Korean Ealing Church

I report to the charity trustees on my examination of the accounts of Korean Ealing Church (the Trust) for the year ended 31 May 2025.

Responsibilities and basis of report

As the charity trustees 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 examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Andrew Carpenter

Andrew Carpenter (Feb 12, 2026 15:32:54 GMT)

Andrew Carpenter

Wilson Partners Limited Chancery House 30 St Johns Road Woking Surrey GU21 7SA

12 February 2026

Page 3

Korean Ealing Church

Statement of Financial Activities for the Year Ended 31 May 2025

31/5/25
Unrestricted
funds
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
229,668
Investment income
2
2,086
Total
231,754
EXPENDITURE ON
Charitable activities
Charitable activities and support
215,947
Other
16,457
Total
232,404
NET INCOME/(EXPENDITURE)
(650)
RECONCILIATION OF FUNDS
Total funds brought forward
348,843
TOTAL FUNDS CARRIED FORWARD
348,193		 31/5/24
Total
funds
£
230,173
2,239
232,412
213,906
13,623
227,529
4,883
343,960
348,843

The notes form part of these financial statements

Page 4

Korean Ealing Church

Statement of Financial Position 31 May 2025

31/5/25
Unrestricted
funds
Notes
£
CURRENT ASSETS
Debtors
5
61,024
Cash at bank
287,169
348,193
NET CURRENT ASSETS
348,193
TOTAL ASSETS LESS CURRENT
LIABILITIES
348,193
NET ASSETS
348,193
FUNDS
6
Unrestricted funds
348,193
TOTAL FUNDS
348,193		 31/5/24
Total
funds
£
-
348,843
348,843
348,843
348,843
348,843
348,843
348,843

The financial statements were approved by the Board of Trustees and authorised for issue on 12 February 2026 and were signed on its behalf by:

Bum Yong Yoon Bum Yong Yoon (Feb 12, 2026 14:22:54 GMT)

B Y Yoon - Trustee

The notes form part of these financial statements

Page 5

Korean Ealing Church

Notes to the Financial Statements for the Year Ended 31 May 2025

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2. INVESTMENT INCOME

INVESTMENT INCOME
31/5/25 31/5/24
£ £
Deposit account interest 2,086 2,239

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 May 2025 nor for the year ended 31 May 2024.

Page 6

continued...

Korean Ealing Church

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

4. STAFF COSTS

The average monthly number of employees during the year was as follows:

Pastors
No employees received emoluments in excess of £60,000.
5.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
6.
MOVEMENT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS
Net movement in funds, included in the above are as follows:
Unrestricted funds
General fund
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
TOTAL FUNDS		 At 1/6/24
£
348,843
348,843
Incoming
resources
£
231,754
231,754
At 1/6/23
£
343,960
343,960		 31/5/25
31/5/24
2
2
31/5/25
31/5/24
£
£
61,024
-
Net
movement
At
in funds
31/5/25
£
£
(650)
348,193
(650)
348,193
Resources
Movement
expended
in funds
£
£
(232,404)
(650)
(232,404)
(650)
Net
movement
At
in funds
31/5/24
£
£
4,883
348,843
4,883
348,843

continued...

Page 7

Korean Ealing Church

Notes to the Financial Statements - continued for the Year Ended 31 May 2025

6. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
232,412
232,412		 Resources
Movement
expended
in funds
£
£
(227,529)
4,883
(227,529)
4,883		 Resources
Movement
expended
in funds
£
£
(227,529)
4,883
(227,529)
4,883
4,883

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 At 1/6/23
£
343,960
343,960		 Net
movement
in funds
£
4,233
4,233		 At
31/5/25
£
348,193
348,193

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
464,166
464,166		 Resources
Movement
expended
in funds
£
£
(459,933)
4,233
(459,933)
4,233		 Resources
Movement
expended
in funds
£
£
(459,933)
4,233
(459,933)
4,233
4,233

Reserves are maintained to ensure sufficient free reserves to provide financial flexibility. The long term aim is to build up reserves for the purchase of a site for a church building.

7. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 May 2025.

Page 8

Korean Ealing Church

Detailed Statement of Financial Activities
for the Year Ended 31 May 2025
31/5/25 31/5/24
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Donations 192,511 193,672
Gift aid 37,157 36,501
229,668 230,173
Investment income
Deposit account interest 2,086 2,239
Total incoming resources 231,754 232,412
EXPENDITURE
Charitable activities
Mission support 30,053 41,604
Education support 21,307 38,118
51,360 79,722
Other
Speakers & church activities 9,979 8,587
Church refreshments 6,478 5,036
16,457 13,623
Support costs
Management
Rent 39,772 38,044
Insurance 383 369
Light and heat 1,266 1,091
Advertising 710 128
Motor expenses 8,953 4,577
Activities support 15,207 9,558
Equipment renewals 867 -
Special purpose support 11,660 3,950
Other church costs 1,414 3,446
80,232 61,163
Finance
Bank charges 948 961
Governance costs
Wages 77,589 67,316
Social security 1,598 1,261
Pensions 1,321 1,321
Accountancy and legal fees 2,899 2,162
83,407 72,060

This page does not form part of the statutory financial statements

Page 9

Korean Ealing Church

Detailed Statement of Financial Activities
for the Year Ended 31 May 2025
31/5/25 31/5/24
£ £
Total resources expended 232,404 227,529
Net (expenditure)/income (650) 4,883

This page does not form part of the statutory financial statements

Page 10

Korean Ealing Church Korean Ealing Church in HGBC Castlebar Road Ealing London W5 2UP

12 February 2026

Wilson Partners Limited Chancery House 30 St Johns Road Woking Surrey GU21 7SA

Dear Sirs

KOREAN EALING CHURCH ACCOUNTS TO 31 MAY 2025

We confirm to the best of our knowledge and belief, and having made appropriate enquiries of other officials of the charity, the following representations given to you in connection with your work on the charity’s accounts for the period to 31 May 2025.

  1. We acknowledge as the board of trustees our responsibilities under the Charities Act 2011 for preparing accounts in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015). We also acknowledge our responsibility to prepare accounts which give a true and fair view and for making accurate representations to you.

  2. All the accounting records have been made available to you for the purpose of your work and all the transactions undertaken by the charity have been properly reflected and recorded in the accounting records.

  3. All other records and related information, including minutes of all management meetings, have been made available to you.

  4. In our opinion, the balance sheet includes all cash and bank accounts and all other assets and, on realisation in the ordinary course of business, the current assets in the accounts are expected to produce not less than the net book amounts at which they are stated.

  5. All assets were free from any lien, encumbrance, or charge except as disclosed.

  6. We confirm that significant assumptions used by us in making accounting estimates, including those measured at fair value, are reasonable.

2

  1. All income which arose up to the date of the accounts has been brought into account.

  2. There have been no events since the balance sheet date which require adjustment or disclosure in the accounts. We have no plans that may materially affect the stated value or classification of assets and liabilities.

  3. At the balance sheet date there were no contingent liabilities of a material amount and no litigation in progress, pending or threatened, other than as disclosed or provided in the accounts.

  4. We acknowledge our responsibility for the design and implementation of controls to prevent and detect fraud.

  5. We confirm that there have been no actual or suspected instances of fraud involving management or employees who have a significant role in internal control or that could have a material effect on the financial statements. We also confirm that we are not aware of any allegations of fraud by former employees, regulators or others.

  6. We confirm that there are no companies or charities associated with this charity for tax purposes. We understand that companies are associated for tax purposes if they are within a 51% group.

  7. We confirm that there were no transactions with related parties concluded outside of normal commercial terms, except those already informed to you and disclosed within the accounts.

  8. In our opinion, the charity is entitled to exemption from the requirements for a statutory audit.

CHARITIES COMMISSION FILING

  1. We confirm our approval for you to file the charity’s accounts with the Charities Commission.

Yours faithfully

Bum Yong Yoon Bum Yong Yoon (Feb 12, 2026 14:22:54 GMT)

Trustee

Approved by the board and signed on its behalf.

Korean Ealing 2025 accounts pack

Final Audit Report

2026-02-12

Created: 2026-02-12 By: Wilson Partners (echosign3@barnbrooksinclair.com) Status: Signed Transaction ID: CBJCHBCAABAA66T-to_rkHszSUR3O3Ss_wo7AqMAuI-i

"Korean Ealing 2025 accounts pack" History

Document emailed to brianyoon@hi-tech.org.uk for signature

Signature Date: 2026-02-12 - 2:22:54 PM GMT - Time Source: server