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2024-03-31-accounts

Bournemouth International Church

The URC Centre, Luther Road Bournemouth BH9 1LH

c/o 25 Fernside Road Bournemouth Dorset BH9 2LB Tel +44 (0)1202 380747 www.bicuk.org 5[th] August 2024

1. The ministry to the community

2 . Overseas mission : Connect to the World

a . Visiting partner churches in overseas and minister them (South Korea)

. The education to the public and the congregation

4. Financial support to Charity organizations

REGISTERED CHARITY NUMBER: 1142422

Report of the Trustees and Unaudited Financial Statements for The Year Ended 31 March 2024 for

BOURNEMOUTH INTERNATIONAL CHURCH

FURUICHOI & CO

Chartered Accountants

69 Station Road Hampton

Greater London TW12 2BT

www.furuichoi.com

BOURNEMOUTH INTERNATIONAL CHURCH

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Charity Information 1
Report of the Trustees 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7
Detailed Statement of Financial Activities 8

BOURNEMOUTH INTERNATIONAL CHURCH

Charity Information

Trustees Mr Richard John Bannister Rev Duhyun Han Mr Chenggang Li Charity number 1142422 Registered office 8 Acorn Close Christchurch BH23 2DP Accountants FURUICHOI & CO Chartered Accountants 69 Station Road Hampton Greater London TW12 2BT

1/8

BOURNEMOUTH INTERNATIONAL CHURCH

Report of the Trustees for the Year Ended 31 March 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024 . 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

1. The ministry to the community

2. Overseas mission: Connect to the World

3. The education to the public and the congregation

4. Financial support to Charity organisations

2/8

BOURNEMOUTH INTERNATIONAL CHURCH

Report of the Trustees

for the Year Ended 31 March 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows: Mr Richard John Bannister Rev Duhyun Han Mr Chenggang Li

Approved by the board of Trustees and signed on its behalf by

Rev Duhyun Han 27 May 2024

3/8

Independent Examiner's Report to the Trustees of BOURNEMOUTH INTERNATIONAL CHURCH

I report on the accounts of the Trust for the year ended 31 March 2024 , which comprise the Statement of Financial Activities, Balance Sheet and the accompanying notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees

concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair ' view and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that in any material respect the requirements

    • to keep accounting records in accordance with section 130 of the Charities Act; and

    • to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or

  2. to which, in my opinion, attention should be drawn in order to enable a proper

  3. understanding of the financial statements to be reached.

Ali Raja (ACA) FURUICHOI & CO Chartered Accountants 69 Station Road, Hampton TW12 2BT

27 May 2024

4/8

BOURNEMOUTH INTERNATIONAL CHURCH

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted Unrestricted
fund fund
£ £
Notes
INCOMING RESOURCES 2024 2023
Income from charitable activities 84,621 70,491
Expenditure on raising funds (8,510) (9,650)
Gross Profit 76,111 60,841
Administrative expenses (56,743) (71,174)
NET INCOME/ EXPENDITURE 19,368 (10,333)
RECONCILIATION OF FUNDS
Total funds brought forward 59,427 69,760
Adjustment (359)
TOTAL FUNDS CARRIED FORWARD 78,436 59,427

5/8

BOURNEMOUTH INTERNATIONAL CHURCH

Balance Sheet As at 31 March 2024

Notes
FIXED ASSETS
Equipments & vehicle
6
CURRENT ASSETS
Cash at bank and in hand
Prepayments
Creditors: Amounts Falling Due Within
One Year
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Income funds
TOTAL FUNDS
£
£
£
£
78,436
59,068
-
359
78,436
59,427
-
-
78,436
59,427
78,436
59,427
78,436
59,427
78,436
59,427
78,436
59,427
2023
2024

The financial statements were approved by the Board of Trustees on 27 May 2024 and were signed on its behalf by:

Rev Duhyun Han

Dated: 27 May 2024

6/8

BOURNEMOUTH INTERNATIONAL CHURCH

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

BOURNEMOUTH INTERNATIONAL CHURCH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. GOING CONCERN

The trustees consider that there are no material uncertainties about the Bournemouth International Church Charities’ ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

3. INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

4. TAXATION

The charity is exempt from tax on its charitable activities.

5. FUND ACCOUNTING

Unrestricted funds can be used in accordance with 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 praticular restricted purposes.

6. FIXED ASSETS

Equipments
Vehicle
2023
£
340
-
340
2022
£
4,622
11,500
16,122

7/8

BOURNEMOUTH INTERNATIONAL CHURCH

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

INCOMING RESOURCES

TURNOVER
Tithe
Thanks giving
Sunday offering
Special offering
Gift Aid received
Cheques returned
Church building rent out
PIC
Other income
Expenditure on raising funds
Sunday meal
Evangelism
Café
Water & council tax
GROSS PROFIT
Administrative expenses
Manse expenses
Turkey / Gaza aid
Church workers (Youth Pastor & Caretaker)
Sunday school
M&M, URC
Fire Guard services
Transport
Church building maintenance
Accountancy
Insurance & licence
Equipment & stationery
Vehicle
Pastoral care
Pastor's pensions & allowance
Gas & electricity
Sundry expenses
OPERATING PROFIT OR (LOSS) FOR THE
FINANCIAL YEAR
£
£
26,392
17,768
13,052
772
8,214
-
15,979
2,005
439
84,621
2,235
3,477
-
2,798
(8,510)
76,111
3,881
2,025
13,830
299
20,570
1,034
333
2,768
400
4,164
340
-
1,074
1,130
4,085
810
(56,743)
19,368
2024
£
£
18,360
14,488
9,885
1,934
7,090
-
18,520
-
214
70,491
1,109
5,941
-
2,600
(9,650)
60,841
3,782
-
12,861
773
20,143
341
2,042
4,498
400
2,006
4,622
11,500
865
2,847
3,721
773
(71,174)
(10,333)
2023

8/8

REGISTERED CHARITY NUMBER: 1142422

Report of the Trustees and Unaudited Financial Statements for The Year Ended 31 March 2024 for

BOURNEMOUTH INTERNATIONAL CHURCH

FURUICHOI & CO

Chartered Accountants

69 Station Road Hampton

Greater London TW12 2BT

www.furuichoi.com

BOURNEMOUTH INTERNATIONAL CHURCH

Contents of the Financial Statements for the Year Ended 31 March 2024

Page
Charity Information 1
Report of the Trustees 2-3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7
Detailed Statement of Financial Activities 8

BOURNEMOUTH INTERNATIONAL CHURCH

Charity Information

Trustees Mr Richard John Bannister Rev Duhyun Han Mr Chenggang Li Charity number 1142422 Registered office 8 Acorn Close Christchurch BH23 2DP Accountants FURUICHOI & CO Chartered Accountants 69 Station Road Hampton Greater London TW12 2BT

1/8

BOURNEMOUTH INTERNATIONAL CHURCH

Report of the Trustees for the Year Ended 31 March 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 March 2024 . 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 the Republic of Ireland (FRS 102) (effective 1 January 2015).

OBJECTIVES AND ACTIVITIES

1. The ministry to the community

2. Overseas mission: Connect to the World

3. The education to the public and the congregation

4. Financial support to Charity organisations

2/8

BOURNEMOUTH INTERNATIONAL CHURCH

Report of the Trustees

for the Year Ended 31 March 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows: Mr Richard John Bannister Rev Duhyun Han Mr Chenggang Li

Approved by the board of Trustees and signed on its behalf by

Rev Duhyun Han 27 May 2024

3/8

Independent Examiner's Report to the Trustees of BOURNEMOUTH INTERNATIONAL CHURCH

I report on the accounts of the Trust for the year ended 31 March 2024 , which comprise the Statement of Financial Activities, Balance Sheet and the accompanying notes.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner's statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees

concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair ' view and the report is limited to those matters set out in the statement below.

Independent examiners statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that in any material respect the requirements

    • to keep accounting records in accordance with section 130 of the Charities Act; and

    • to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities Act have not been met; or

  2. to which, in my opinion, attention should be drawn in order to enable a proper

  3. understanding of the financial statements to be reached.

Ali Raja (ACA) FURUICHOI & CO Chartered Accountants 69 Station Road, Hampton TW12 2BT

27 May 2024

4/8

BOURNEMOUTH INTERNATIONAL CHURCH

Statement of Financial Activities for the Year Ended 31 March 2024

Unrestricted Unrestricted
fund fund
£ £
Notes
INCOMING RESOURCES 2024 2023
Income from charitable activities 84,621 70,491
Expenditure on raising funds (8,510) (9,650)
Gross Profit 76,111 60,841
Administrative expenses (56,743) (71,174)
NET INCOME/ EXPENDITURE 19,368 (10,333)
RECONCILIATION OF FUNDS
Total funds brought forward 59,427 69,760
Adjustment (359)
TOTAL FUNDS CARRIED FORWARD 78,436 59,427

5/8

BOURNEMOUTH INTERNATIONAL CHURCH

Balance Sheet As at 31 March 2024

Notes
FIXED ASSETS
Equipments & vehicle
6
CURRENT ASSETS
Cash at bank and in hand
Prepayments
Creditors: Amounts Falling Due Within
One Year
NET CURRENT ASSETS (LIABILITIES)
TOTAL ASSETS LESS CURRENT LIABILITIES
NET ASSETS
FUNDS
Income funds
TOTAL FUNDS
£
£
£
£
78,436
59,068
-
359
78,436
59,427
-
-
78,436
59,427
78,436
59,427
78,436
59,427
78,436
59,427
78,436
59,427
2023
2024

The financial statements were approved by the Board of Trustees on 27 May 2024 and were signed on its behalf by:

Rev Duhyun Han

Dated: 27 May 2024

6/8

BOURNEMOUTH INTERNATIONAL CHURCH

Notes to the Financial Statements for the Year Ended 31 March 2024

1. ACCOUNTING POLICIES

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and 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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

BOURNEMOUTH INTERNATIONAL CHURCH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

2. GOING CONCERN

The trustees consider that there are no material uncertainties about the Bournemouth International Church Charities’ ability to continue as a going concern. There are no material uncertainties affecting the current year’s accounts.

3. INCOMING RESOURCES

All incoming resources are included in the statement of financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.

4. TAXATION

The charity is exempt from tax on its charitable activities.

5. FUND ACCOUNTING

Unrestricted funds can be used in accordance with 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 praticular restricted purposes.

6. FIXED ASSETS

Equipments
Vehicle
2023
£
340
-
340
2022
£
4,622
11,500
16,122

7/8

BOURNEMOUTH INTERNATIONAL CHURCH

Detailed Statement of Financial Activities for the Year Ended 31 March 2024

INCOMING RESOURCES

TURNOVER
Tithe
Thanks giving
Sunday offering
Special offering
Gift Aid received
Cheques returned
Church building rent out
PIC
Other income
Expenditure on raising funds
Sunday meal
Evangelism
Café
Water & council tax
GROSS PROFIT
Administrative expenses
Manse expenses
Turkey / Gaza aid
Church workers (Youth Pastor & Caretaker)
Sunday school
M&M, URC
Fire Guard services
Transport
Church building maintenance
Accountancy
Insurance & licence
Equipment & stationery
Vehicle
Pastoral care
Pastor's pensions & allowance
Gas & electricity
Sundry expenses
OPERATING PROFIT OR (LOSS) FOR THE
FINANCIAL YEAR
£
£
26,392
17,768
13,052
772
8,214
-
15,979
2,005
439
84,621
2,235
3,477
-
2,798
(8,510)
76,111
3,881
2,025
13,830
299
20,570
1,034
333
2,768
400
4,164
340
-
1,074
1,130
4,085
810
(56,743)
19,368
2024
£
£
18,360
14,488
9,885
1,934
7,090
-
18,520
-
214
70,491
1,109
5,941
-
2,600
(9,650)
60,841
3,782
-
12,861
773
20,143
341
2,042
4,498
400
2,006
4,622
11,500
865
2,847
3,721
773
(71,174)
(10,333)
2023

8/8