|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|