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2021-11-30-accounts

Durham
Korean Church
Contents
Pag
Trustees'
Annual
Report		 to3
Independent
Examiner's		 Report
Statement ofFinancial Activities
Summary
Income and Expenditure		 Account
Balance Sheet
Statement ofCash flows
Notes tothe Accounts o15
Detailed Statement ofFinancial Activities 16 o17

forthe year ended 30November 2021
Unrestricted
funds otal funds Total funds
2021 2021 2020
f. E E
Income and endowments
from:
Donations
and legacies		 16,386 16,3&6 13,666
Charitable
activities		 8,803 8,803
Total 25,189 25,189 13,666
Expenditure
on:
Charitable
activities		 4,201 4,201 1,691
Other 11,003 11,003 12,004
Total 15,204 15,204 13,695
Net gains on investments
Net income/(expenditure) 9,985 9,985 (29)
Transfers between funds
Net income/(expenditure)
before other gains/(losses)		 9,985 9,985 (29)
Other gains and losses
Net movement
in funds		 9,985 9,985 (29)
Reconciliation offunds:
Total funds brought forward 8,738 8,738 8,767
Total funds carried forward 18,723 18,723 8,738

2021 2020
f f
Income 25,189 13,666
Gross income for the year 25,189 13,666
Expenditure 15,174 13,655
Depreciation and charges for
impairment offixed assets 30
Total expenditure for the year 15,204 13,695
Net income/(expenditure) before tax
for the year 9,985 (29)
Net income /(expenditure )forthe year 9,985 (29)

Durham
Korean
Balance Sheet
at 30November		 Church
2021		 Church
2021
Company
No.		 07437096 Notes 2021 2020
f f
Fixed assets
Tangible assets 121
121
Current assets
Cash at bank and in hand 19,233 9,218
19,233 9,218
Creditors: Amount falling due within one year 12 (601) (601)
Net current assets 18,632 8,617
Total assets less current liabilities 18,723 8,738
Net assets excluding pension asset or liability 18,723 8,738
Total net assets 1&,723 8,738
The funds ofthe charity
Restricted funds 13
Unrestricted
funds
General funds 18,723 8,738
18,723 8,738
Reserves 13
Total funds 18,723 8,738

2021 2020
f
Cash flows from operating
activities
Net income/(expenditure}
per Statement ofFinancial Activities		 9,985 (29)
Adiustments
for
Depreciation
ofproperty,
plant and equipment		 30
Increase in trade and other payables
Net cash provided
by operating
activities		 10,015 12
Net cash from investing activities
Net cash from finandng
activities
Net increase in cash and cash equivalents 10,015 12
Cash and cash equivalents
atthe beginning ofthe year		 9,218 9,206
Cash and cash equivalents
atthe end ofthe year		 19,233 9,218
Components
ofcash and cash equivalents
Cash and bank balances 19,233 9,218
19,233 9,218

s tothe Ac s tothe Ac counts
Expenditure
Recognition of Expenditure
is recognised		 on an accruals basis. Expenditu e includes any VAT which
expenditure cannot be fully recovered, and is reported as part ofthe penditure to which it
relates.
Expenditure on These comprise the costs associated with attracting
volun		 ary income, fundraising
raising funds trading costs and investment
management
costs.
Expenditure on These comprise the costs incurred
by the		 Charity in the d livery ofits activities and
charitable activities services in the furtherance ofits objects, including the m ing ofgrants and
governance
costs.
Grants payable All grant expenditure
is accounted for on		 an actual paid b sis plus an accrual for
grants that have been approved
by the trustees atthe en		 ofthe year but not yet
paid.
Governance costs These include those costs associated with meeting the co stitutional and statutory
requirements
ofthe Charity,
including
any audit/indepen		 ent examination
fees,
costs linked tothe strategic management ofthe Charity, gether with ashare of
other administration
costs.
Other expenditure These are support costs not allocated to a particular
activ
Taxation
The charity is exempt from corporation
tax on its charitable activities.
Tangible fixed assets and depreciation
Depreciation is provided at the following
annual		 rates in order to write offeach asset over its estimated
useful life:
Fixtures 5 fittings 25%96Reducing

3 Statemen t ofFinancial Activities - prior year
nrestricted
funds Total funds
2020 2020
E f
Income and endowments from:
Donations and legacies 13,666 13,666
Total 13,666 13,666
Expenditure on:
Charitable activities 1,691 1,691
Other 12,004 12,004
Total 13,695 13,695
Net income (29) (29)
Net income before other
gains/(losses)		 (29) (29)
Other gains and losses:
Net movement in funds (29) (29)
Reconciliation offunds:
Total funds brought forward 8,767 8,767
Total funds carried forward 8,738 8,738
4 Income from donations and legacies
Unrestricted Total
2021 2020
16,386 16,386 13,666
16,386 16,386 13,666
5 Income from charitable activities
Unrestricted Total
2020
Gift Aid S,S03 8,803
8,803 S,S03

6 Expenditure on cha rita ble activities
Unrestricted Total Total
2020
Expenditure on charitable
activities
4,201 4,201 1,691
Governance costs
4,201 4,201 1,691
7 Other expenditure
Total Total
2021 2020
Employee costs 10,161 10,161 9,317
Premises costs 327 2,115
Amortisation, depreciation,
impairment, profit/loss on 30 30 40
disposal offixed assets
General administrative costs 137 137
Legal and professional costs
11,003 11,003 12,004
8 Net income/(expenditure) before transfers
2021 2020
This is stated after charging: f f
Depreciation ofowned fixed assets 30 40
9 Trustee remuneration and expenses
One or more ofthe trustees has been paid remuneration in the current or prior pef'lods.
2021 2020
Number Number
Number oftrustees paid expenses 2 1
10 Staffcosts
2021 2020
Salaries and wages 10,161 9,317
10,161 9,317
No employee received emoluments in excess off60,000.
11 Tangible fixe d as sets
Fixtures
gL		 Total
fittings
Cost or revaluation
At 1December 2020 768 768
At 30November 2021 768 768
Depreciation and
impairment
At 1December 2020
Depreciation charge for the
year 30 30
At 30November 2021 677 677
Net book values
At 30November 2021 91
At 30November 2020 121 121
12 Creditors:
amounts
falling due within one year
2021 2020
f f
Accruals 601 601
601
13 Movement
in		 funds
Incoming
At1
December		 (Including
other
gains/losses		 Resources
expended		 At30
November
2021
2020 )
f
Restricted funds:
Unrestricted
funds:
General funds 8,738 25,189 (15,204} 18,723
Total funds 8,738 25,189 (15,204} 18,723
14 Analysis ofnet assets between funds
restfIcted
Total
funds
f f
Fixed assets 91 91
Net current assets 18,632 18,632
18,723 18,723

15 Reconciliation ofnet debt
At 1 At 30
December November
2020 Cash flows 2021
f f
Cash and cash equivalents 9,218 10,015 19,233
9,218 10,015 19,233
Net debt 10,015 19,233
16 Related party disdosures
Controlling party

Unrestricted
funds otal funds Total funds
2021 2021 2020
f f f
Income and endowments from:
Donations
and legacies
16,386 16,386 13,666
16,386 16,386 13,666
Charitable
activities
Gift Aid 8,803 8,803
8,803
Total income and endowments 25,189 25,189 13,666
Expenditure
on:
Charitable
activities
4,201 4,201 1,691
4,201 4,201 1,691
Total ofexpenditure on charitable
activities 4,201 4,201 1,691
Employee costs
Directors' remuneration 10,161 10,161 9,317
10,161 10,161 9,317
Premises costs
Rent 1,800
Premises insurances 327 315
327 327 2,115
General administrative costs,
including
depreciation		 and
amortisation
Depreciation ofFixtures 5fittings 30 30 40
Sundry expenses 137 137 184
167 167 224
Legal and professional costs
Accountancy
and		 bookkeeping
348 348 348
Total ofexpenditure of other costs 11,003 11,003 12,004
Total expenditure 15,204 15,204 13,695
Net gains on investments
Net income/{expenditure) 9,985 9,985 {29)
Net income((expenditure)
other gains/(tosses)		 before 9,985 9,985 {29)
Other Gains
Net movement
in funds		 9,985 9,985 (29j
Reconciliation offunds:
Total funds brought fonvard &,738 8,738 8,767
Total funds carried foneard 18,723 18,723 8,738