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