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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Accounts
31 December 2023
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Contents
| Page | |
|---|---|
| Charity Information | 1 |
| Approval statement | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Charity Information
Charity Name
LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Trustee: REV. JONG BUM PARK
Accountants
CHOACCOUNTANCY & PRACTICE LTD PARK HOUSE PARK TERRACE WORCESTER PARK SURREY KT4 7JZ
Bankers
National Westminster Bank Plc Chatham Rcsc, Western Avenue Waterside Court, Chatham Maritime Chatham, Kent ME4 4RT
Church office address
48 Beaumont Drive, Worcester Park, Surrey ENGLAND KT4 8FG
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH
Approval statement
I approve the accounts which comprise of the Profit and Loss Account, the Balance Sheet and the related notes. I acknowledge my responsibility for the accounts, including the appropriateness of the applicable financial reporting framework as set out in note 1, and for providing CHOACCOUNTANCY & PRACTICE LTD with all information and explanations necessary for their compilation.
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REV. JONG BUM PARK
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH
Accountants' report on the unaudited accounts to LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH
You have approved the accounts for the year ended 31 December 2023 which comprise the Profit and Loss Account, the Balance Sheet and the related notes. In accordance with your instructions, we have compiled these unaudited accounts from the accounting records and information and explanations supplied to us.
CHOACCOUNTANCY & PRACTICE LTD Chartered Certified Accountants PARK HOUSE PARK TERRACE WORCESTER PARK SURREY KT4 7JZ
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Profit and Loss Account for the year ended 31 December 2023
| Donations Gift-aid Other income Total income Expenditure Wages, salaries and other staff costs Car, van and travel expenses Rent, rates, power and insurance costs Repairs and renewals of property and equipment Telephone, fax, stationery and other office costs Advertising, PR and entertainment costs Interest on bank and other loans Bank, credit card and other finance charges Irrecoverable debts written off Accountancy, legal and other professional fees Depreciation and loss/(profit) on sale Other charity expenses Profit |
2023 £ 38,908 14,609 1,256 54,773 23,417 2,747 4,550 - 19,750 - - 55 - 288 2,557 - 53,364 1,409 |
2022 £ 53,917 16,923 4,862 |
|---|---|---|
| 75,702 | ||
| 27,599 3,364 3,934 - 24,673 150 - 55 - 1,152 2,557 - |
||
| 63,484 | ||
| 12,218 |
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Balance Sheet as at 31 December 2023
| Notes Fixed assets Equipment, machinery and motor vehicles 3 Other fixed assets 4 Current assets Trade debtors Bank/building society balances Cash in hand Other current assets and prepayments Current liabilities Loans and overdrawn bank accounts Other liabilities and accruals Net current assets Loans due after more than one year Net assets Capital account Balance at start of period Net profit Capital introduced Drawings |
232 3,430 - 6,700 |
2023 £ 12,786 - 12,786 8,228 - 21,014 19,605 1,409 - - 21,014 |
87 662 - 6,000 |
2022 £ 15,343 - |
|---|---|---|---|---|
| 15,343 4,262 - |
||||
| 10,362 | 6,749 | |||
| - 2,134 |
- 2,487 |
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| 2,134 | 2,487 | |||
| 19,605 | ||||
| 7,387 12,218 - - |
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| 19,605 |
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Notes to the Accounts for the year ended 31 December 2023
1 Accounting basis
The accounts have been compiled on a basis that enables profits to be calculated in accordance with UK Generally Accepted Accounting Practice and that provides sufficient and relevant information to enable the completion of a tax return.
2 Profit and loss account analysis
| Turnover Donations Gift-aid Other income Wages, salaries and other staff costs Wages - regular Pensions Other staff expenses Employer's NI Sunday lunch Pastor mobile & telephone Pastor housing allowance Car, van and travel expenses Motor expenses Travel and subsistence Secondary school expenses Activity & Support Rent, rates, power and insurance costs Rent Rates Cleaning Use of home Repairs and renewals of property and equipment Repairs and maintenance Telephone, fax, stationery and other office costs Expenditure for youth Other charity activity Other insurance costs IT expense & PPS Subscriptions Missionary expenses |
2023 £ 38,908 14,609 1,256 54,773 20,150 267 - - - - 3,000 23,417 2,747 - - - 2,747 4,550 - - - 4,550 - - 3,248 800 - 413 - 15,289 19,750 |
2022 £ 53,917 16,923 4,862 |
|---|---|---|
| 75,702 23,700 299 - - - - 3,600 |
||
| 27,599 | ||
| 3,364 - - - |
||
| 3,364 | ||
| 3,934 - - - |
||
| 3,934 | ||
| - | ||
| - | ||
| 8,988 406 - 574 - 14,705 |
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| 24,673 |
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Notes to the Accounts for the year ended 31 December 2023
| Advertising and business entertainment costs Advertising and PR Entertaining Interest on bank and other loans Interest Bank, credit card and other finance charges Bank charges Hire purchase and lease interest Irrecoverable debts written off Bad debts Accountancy, legal and other professional fees Accountants fees n/a Other legal and professional Consultancy fees Management fees Bookkeeping Depreciation and loss/(profit) on sale Depreciation Amortisation of goodwill Profit/loss on sale of fixed assets Other charity expenses Subscriptions Sundry expenses |
- - - - - 55 - 55 - - 288 - - - - - 288 2,557 - - 2,557 - - - |
150 - |
|---|---|---|
| 150 | ||
| - | ||
| - | ||
| 55 - |
||
| 55 | ||
| - | ||
| - | ||
| 1,152 - - - - - |
||
| 1,152 | ||
| 2,557 - - |
||
| 2,557 | ||
| - - |
||
| - |
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LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Notes to the Accounts for the year ended 31 December 2023
| 3 Plant, machinery and motor Cost At 1 January 2023 Additions Disposals At 31 December 2023 Depreciation At 1 January 2023 Charge for the year On disposals At 31 December 2023 Net book value At 31 December 2023 At 31 December 2022 4 Other fixed assets Premises Goodwill Investments |
vehicles Plant and machinery £ - - - - - - - - - - |
Motor vehicles £ 17,900 - - 17,900 2,557 2,557 - 5,114 12,786 15,343 |
Spare £ - - - - - - - - - - 2023 £ - - - - |
Total £ 17,900 - - |
|---|---|---|---|---|
| 17,900 | ||||
| 2,557 2,557 - |
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| 5,114 | ||||
| 12,786 | ||||
| 15,343 | ||||
| 2022 £ - - - |
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| - |
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Trustees' Annual Report for the period
| Period start date | Period start date | Period end date | Period end date | ||||
|---|---|---|---|---|---|---|---|
| 01 | 01 | 2023 | 31 | 12 | 2023 | ||
| From | To |
Section A Reference and administration details
Charity name LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH
Other names charity is known by n/a Registered charity number (if any) 1144932 Charity's principal address 48 Beaumont Drive
Worcester Park, Surrey
Postcode KT4 8FG
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| REV. JONG BUM PARK | 48 Beaumont Drive KT4 8FG |
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| Names of the trustees for the charity, if any, (for example, any custodian trustees) | ||||
| Name | Dates acted if not for whole year | |||
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Names and addresses of advisers (Optional information)
| Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) | Names and addresses of advisers (Optional information) |
|---|---|---|
| Type of adviser Name Address |
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| Accountants | Chul Hyun Cho | CHOACCOUNTANCY LIMITED Park House, Park Terrace, KT4 7JZ |
| Name of chief executive or names of senior staff members (Optional information) |
Eunjeong, Accounting manager |
CHOACCOUNTANCY LIMITED Park House, Park Terrace, KT4 7JZ |
Section B Structure, governance and management
Description of the charity’s trusts
Type of governing document
Trust deed
- (eg. trust deed, constitution)
How the charity is constituted
Trust
- (eg. trust, association, company)
Trustee selection methods
Appointed by
(eg. appointed by, elected by)
Additional governance issues (Optional information)
You may choose to include additional information, where relevant, about:
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policies and procedures adopted for the induction and training of trustees;
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the charity’s organisational structure and any wider network with which the charity works;
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relationship with any related parties;
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trustees’ consideration of major risks and the system and procedures to manage them.
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Section C Objectives and activities
| Summary of the objects of the charity set out in its governing document Summary of the main activities undertaken for the public benefit in relation to 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) |
- Prevention or Relief of poverty - Religious activities - People of a particular ethnic or racial origin |
|---|---|
| - Provides places of worship services of Christian - Fellowship facilities allowing believers practice their faith - Organising services of Christian worship prayer meetings - Christian teaching preaching public celebration of religious festivals missionary and outreach work - Provision of money management and debt counselling advice - Provision of small grants |
Additional details of objectives and activities (Optional information)
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You may choose to include further statements, where relevant, about:
-
policy on grantmaking;
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policy programme related investment;
-
contribution made by volunteers.
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Section D Achievements and performance
- Summary of the main achievements of the charity • Financially and spiritually supporting missionaries in poor during the year countries, including Lebanon, Myanmar, Kenya, Romania, Albania and Morocco/Mauritania • Donating to the NHS and the essential healthcare workers • Donating and supporting the local homeless community • Providing advice for money management such as debt and small grants • Donating and supporting Faith and Hope International Ministries in Rwanda
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Section E Financial review
The accounts have been compiled on a basis that enables profits to be Brief statement of the calculated in accordance with UK Generally Accepted Accounting charity’s policy on reserves Practice and that provides sufficient and relevant information to enable the completion of a tax return.
All reserves are in the charity’s bank account. Balance at the year end is stated on the balance sheet.
Details of any funds materially in deficit
n/a
Further financial review details (Optional information)
You may choose to include additional information, where relevant about:
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the charity’s principal sources of funds (including any fundraising);
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how expenditure has supported the key objectives of the charity;
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investment policy and objectives including any ethical investment policy adopted.
Section F Other optional information
Section G Declaration
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) REV. JONG BUM PARK Position (eg Secretary, Chair, TRUSTEE etc) Date ���������� 20.05.2024
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