Trustees. Annual Report for the period .1 Period start date DayQ1 Month O• , Y=8r 2019. Period end date I IoTt.h na , YÈar 202C. From Section A Reference and administration details Charity name WORLD MISSION SOCIETY CHURCH OF GOD Other names charity is known by Registered charity number (if any) 1141135 Charitys principal address Unit 6, Caxton Park Wright Street Manchester Postcode M16 9EW Names of the charity trustees who manage the charity Dales act8d If rjotfor whole ear Trustée nam• Office lif any) Name of person lor bodyl entitled to appoint twstee (If any) Michael Jan King Joo Cheol Kim Jaekwan Heo woo Choi Taeh Jan Jon eon 12 13 14 15 16 17 18 19 20 Names of the trustees for the charity, if any, (for example, any custodian trustees) Name Dates acted if not for whole year TAR Marth 2012
Names and addresses of advisers (Optional information) Type of adviser Name Address Name of chief executive or names of senior staff members (Optional information) Section B Structure, overnance and management Description of the charity's trusts MEMORANDUM AND ARTICLES INCORPORATED 0610812010 AS AMENDED BY SPECIAL RESOLUTION{SI DATED 2110312011 AS REGISTERED AT COMPANIES HOUSE ON 2110312Q11 Company Type of goveming document How the charity is constituted Trustee selection methods Appointed by Additional governance issues (Optional information) You may choose lo include additional infomialion, where relevant, about.. policies and prOdreS adopted for the induction and training of INstees', the charity's organisational structure and any wider network with which the charity relationship with any related parties,. trustees, consideration of major risks and the system and procedures to manage them. Section C Objectives and activities {1) TO ADVANCE THE CHRISTIAN FAITH FOR THE BENEFIT OF THE PUBLIC. (2) TO FURTHER SUCH CHARITABLE PURPOSES FOR THE PUBLIC BENEFtr AS ARE EXCLUSIVELY CHARITABLE ACCORDING TO THE LAWS OF ENGLAND AND WALES AS THE TRUSTEES MAY FROM TIME TO TIME DETERMINE. Summary of the objects of the charity set out in its goveming document TAR March 2012
What the charity dS -The prevention or relief of povety -overseas aidlfamine relief -Religious activities -Environmentlconservationlheritage -Recreation Who the charity helps Summary of the rnain activities undertaken forthe public benefit in relation lo these objects {Include within this section the statutory declaration that trustees have had regard to the guidance Issued by the Charity Commission on public benefit) -Childrenlyoung people -Elderlylold people -Olher charilies or voluntary bodies -Otherdefined groups -The general publiclmankind How the charity works -Provides servi5 Additional delails of objectives and activities (Optional infomiation) You may choose to include further stalements, where relevant, about.. policy on grantmaking: policy programme related investment,. contribution made by volunteers. TAR March 2012
Section D Achievements and performance Summary of the main achievements of the charty during the year We have developed into a multi-award winning group of 200 mainly consisting of young adults, implemented 15 projects, aiming to make a drfterence in communilies through c2rethome entertainments, clean-ups, youlh festivals, gardening, weeding, balsam bashing, farming, painting, graffiti removal, gum removal. blood drives. food donations, cheering and disaster relief. TAR Marcji 2012
Section E Financial review The charity ha5 £1 DO,467 in rèserve al the end of the year to me&t future needs and cover events or situations that may happen Brief statement of the charity's policy on reseNes Details of any lunds materially in deficit Further financial review details (Optional information) YOLJ may choose to include additional information. where relevant about.. the charity's principal sources of funds (including any fundraisingl., how expenditurè has supported the key objectives of the charity., investment policy and objectives including any ethical investment wlicy adopted. Section F Other optlonal Information Section G Declaration The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trusteE Signaturelsl Full namels} Position leg Secretary, Chair, etcl Michael J n King Director Date 1210912024 TAR March 2012
WORLD MISSION SOCIETY CHURCH OF GOD FINANCIAL STATEMENT FOR THE YEAR ENDED 31-08-2023
CHARITY NO: 1141135
COMPANY NO: 07338815
1
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
DIRECTORS
MR JOO CHEOL KIM MR MICHAEL JAN KING MR TAEHYEONG JANG MR JEEKWANG HEO MR JONGWOO CHOI
SECRETARY
EUNHYE CHOI
REGISTERED OFFICE
UNIT 6 CAXTON PARK WRIGHT STREET MANCHESTER M16 9EW
REGISTERTED NUMBER
CHARITY NO: 1141135 COMPANY NO: 07338815
ACCOUNTANTS
ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
2
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
DIRECTORS REPORT FOR THE YEAR ENDED 31[ST] AUGUST 2023.
The directors present their report and the accounts for the year ended 31-08-2023.
PRINCIPAL ACTIVITIES AND REVIEW OF BUSINESS
The Company’s principal activity during the year was that of a church and religious organisation.
The results for the year are set out on page 4.
This report was approved by the board on 29/05/2024 taking an advantage of special provisions available to small companies.
Signed on behalf of the board of directors,
JEEKWANG HEO DIRECTOR
3
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
ACCOUNTANT’S REPORT TO THE DIRECTORS
The company’s directors are responsible for the preparation of the accounts, and they believe that the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. In accordance with your instructions we have compiled these un audited accounts in order to assist you to fulfil your statutory responsibilities from the accounting records and information supplied to us.
ALI & CO ACCOUNTANTS 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE
Phone: (0161) 795-4751 Fax: (0161) 702-3685
4
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
INCOME AND EXPENDITURE ACCOUNT For the YEAR ENDED 31-08-2023
| TOTAL GROSS INCOME Direct Expenses Gross Income Charity Expenses Net Movement of Funds Interest receivable Interest payable Movement of Funds Retained Funds brought forward Retained Funds carried forward |
2023 2022 Notes £ £ 1.2 386,685 421,585 0 0 ---------- ------------ 386,685 421,585 (201,318) (174,834) ----------- ------------ 3 185,367 246,751 0 0 4 0 0 ----------- ------------ 185,367 246,751 2,741,295 2,494,544 ---------- ------------- 2,926,662 2,741,295 ====== ======== |
|---|---|
There were no recognised gains and losses other than those recognised in the Profit and Loss account.
The notes on pages 6 to 9 from part of these accounts.
5
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
| BALANCE SHEET At 31ST AUGUST 2022 Fixed Assets Tangible Assets Current Assets Stock Debtors Cash at Bank and in hand Creditors Amount falling due within one year Net Current Assets / (Liabilities) Total Assets less current liabilities Long term loan Net Assets / (Liabilities) Capital and Reserves Member Funds B/Fwd Current Year Movement Member Funds C/Fwd |
2023 2022 Notes £ £ 7 2,543,530 2,500,008 8 0 0 9 0 0 414,604 289,033 ------------- ------------- 414,604 289,033 10 (4,017) (20,291) ------------- ------------- 410,587 268,742 ----------- ------------ 2,954,117 2,768,750 0 0 ------------ ------------ 2,954,117 2,768,750 ======= ======= 11 2,768,750 2,521,999 185,367 246,751 ----------- ------------ 2,954,117 2,768,750 ======= ======== |
|---|---|
For the year ended 31/08/2023 the company was entitled to exemption from audit under section 477 (2) of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibility for:
-
1) ensuring the company keeps accounting record which comply with Section 386; and
-
2) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year, in accordance with the requirements of section 393, and which otherwise comply with the requirements of the Companies Act relating to accounts, so far as is applicable to the company.
Approved by the board on 29/05/2024 and signed on its behalf. These accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
JEEKWANG HEO DIRECTOR
6
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
NOTES TO THE ACCOUNTS
For the year ended 31[ST] AUGUST 2023
1. Accounting policies
2.
Basis of preparation of accounts
The accounts are prepared under the historical cost convention and incorporate the results of the principal activity which is described in the director’s report and which is continuing. The company has taken advantage of the exemption in Financial Reporting Standard for Small Entities (effective January 2005).
1.2 Turnover
Turnover represents donations received during the year.
1.3 Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost less depreciation.
Depreciation is provided using the reducing method of the category of tangible assets existing.
Fixture, fittings and equipment 18%
1.4 Stock and work in progress
Stock and work in progress are valued at the lower of cost and net realisable value making due allowance for obsolete and slow moving stocks.
7
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
NOTES TO THE ACCOUNTS
For the year ended 31[ST] AUGUST 2023
2. Turnover
The whole of the turnover and funds movement is attributable to the one principal activity of the company.
3. Operating Funds Movement
The operating funds movement is stated after charging:
| **4. ** | Depreciation of tangible fixed assets Interest payable On bank loans, overdrafts Repayable within 5 years, not by instalments |
2023 £ 14,106 2023 £ 0 |
|---|---|---|
5. Taxation
The company has no liability to Corporation Tax.
Dividends
Company is a charity and not paying dividend.
8
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
NOTES TO THE ACCOUNTS
For the period ended 31[ST] AUGUST 2023
7. Tangible fixed assets
| Fixture | & MOTOR VEHICLE | COMPUTER | BUILDING | Total | ||
|---|---|---|---|---|---|---|
| Fittings |
EQUIPMENT | |||||
| £ | £ | £ |
£ | |||
| Cost | ||||||
| At 01-09-2022 | 58,767 0 |
0 | 2,479,226 | 2,537,993 | ||
| Additions | 5,855 42,785 | 8,988 | 0 |
57,628 | ||
| Disposal | 0 0 |
0 |
0 | 0 | ||
| --------- ------------- |
------------- | ------------- | ------------- | |||
| At 31-08-2023 | 64,622 42,785 |
8,988 | 2,479,226 | 2,595,621 | ||
| ======= ======== |
======== | ====== | ======== | |||
| Depreciation | ||||||
| At 01-09-2022 | 37,985 0 |
0 | 0 | 37,985 | ||
| Charge for the | period | 4,795 7,694 |
1,617 | 0 | 14,106 | |
| -------- --------- |
------------ | ------------- | --------- | |||
| At 31-08-2023 | 42,780 7,694 | 1,617 | 0 | 52,091 | ||
| ====== ====== | ======== | ======== ========= | ||||
| Net Book Values | ||||||
| At 31-08-2023 | 21,842 35,091 |
7,371 |
2,479,226 | 2,543.530 | ||
| ====== ====== | ===== |
======== ========= | ||||
| 8. | Stock | 2023 | ||||
| £ | ||||||
| Stock | 0 | |||||
| 9. | Debtors | 2023 | ||||
| Due within one year | ||||||
| Debtors, prepayments | and accrued income | 0 |
9
WORLD MISSION SOCIETY CHURCH OF GOD YEAR ENDED 31-08-2023
NOTES TO THE ACCOUNTS
For the period ended 31[ST] AUGUST 2023
10. Creditors: amount falling due within one year
| 11. 12. |
2023 £ Creditors and Accruals 4,017 Deferred taxation Company is a charity Called up share capital Company is limited by guarantee and company does not have share capital. |
|---|---|
| 13. | Reconciliation of movement of Members funds 2023 £ Funds Movement for the year 185,367 ------------- 185,367 Member funds at 01-09-2022 2,768,750 ------------- Member funds at 31-08-2023 2,954,117 ======== |
|---|---|
10
WORLD MISSION SOCIETY CHURCH OF GOD TRADING, PROFIT AND LOSS ACCOUNTS FOR THE PERIOD ENDED 31ST AUGUST 2023
INCOME DONATIONS
£ £ 386,685
| EXPENSES | ||
|---|---|---|
| WAGES AND SUBCONTRACTOR | 75,107 | |
| RENTAL EXPENSES | 44,100 | |
| FOOD SPORT | 2,618 | |
| RATES & COUNCIL TAX | 6,970 | |
| TRAVEL & SUBSISTENCE | 2,017 | |
| LEGAL AND PROFESSIONAL | 1,563 | |
| PHONE | 960 | |
| BANK CHARGES | 1,914 | |
| POSTAGE, STATIONERY, ADVERTISING | 1,153 | |
| UTILITIES, LIGHT AND HEATING |
28,293 | |
| REPAIR & RENEWAL | 2,675 | |
| WASTE & CLEANING | 360 | |
| SUNDRIES & INSURANCE | 10,418 | |
| DEPRECIATION |
14,107 | |
| FIRE & SAFETY | 1,442 | |
| HIRING & LEASING | 1,851 | |
| SPONSORSHIP EXPENSE | 5,770 | |
| --------- | ||
| (201,318) | ||
| -------------- | ||
| INCOME OVER EXPENDITURE FOR THE YEAR | 185,367 | |
| ======== |
1S'DF.PIN'DEDYT EX.AryqINF.R'S REPORT NI:ORLI) I114iS1()N SOCIF.TI" CIII"RCH OF" C.OD Charit). Jo: 114113) Account for I'l'ar F.nded 31-08-2023 ). which are set J report on th¢ aLcounl s of the Trusi for the l'ear ended J I108,1?0?" out on paoe 01 to 04. Res cctll'L' Res onsibilities of Tru.stee5 and F.iAminer The chariTh' s Iruslees are responsible for the preparalion of the accounls. The charit)-'s trusiees consider ihai an audit is not required for this l'ear undcr section 144 of th¢ Charilies Aci ?0 I l (Ihe Charities Act) and thal an independeni examination is needed. li is mi" responsibilin- to= Examini ihe acLounts under seclion 14) of the Charities Act To folloii" the procLdures laid dowm in ihe oeneral Direction gii'en b) the charity Commission (under section 14) {)) {b) of ibe Charilies Acl. and -1.0 siale 'he[her particular matiers hai'e come to m!.. attention. Basis of Inde endent Eiaminer'5 Statement Mi exatninalion Ns?s Caled out in accordance with eeneral Directions given bj. the Charili. Commission. An examination include a reN"ieth' of ihe accounting records kepl by the charitN' and a comparison of the acLounts presenled N%ith those records. It also include5 considcraiion ol. an! unusual iiems or disclosures in the account_%. and sfcking eiplanalions frotn (hL trustees conLemine an!- such matters. The procedurLS unden&iken do not proN'ide dll the il"idence ihat w.ould be rLquired in an audit. and consequcntlN no opinion is gi.en as to "bether the account present a 'truL and fair. I'le" and ihe report is limited to those matters sel Out in the stalemcnt belo.. endent Eiaminer's Statemcnt In connection M'iih m¥" Lxaminalion. no tnaltrial matters have come 10 rn). attenlion "hIch gives ML cause lo b¢liti'e that in, an!, tnaierial respect: Accounting records 'ere noi kept in accordance '1[h seclion 130 of the Charilies Act 01 The accounts do not accord -1th Ihe accounling records. I ha'e come across no oiher matters in conneeiion 1th Ihe eiamination 10 Nl'hich attention should be d m in order lo enable a proper underslandiDg of the accounts tv be reached. at Ali {IFA) Datc= 17109120?4 Institutes of F inancial Account 4iO Cheeiham Ilill Road. Ilanchester. M8 9l.E