���������������������������������������������������������� LONDON ALL NATIONS KOREAN PRESBYTERIAN CHURCH Accounts 31 December 2023 ���������������������������������������������������������� ## **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| ���������������������������������������������������������� ## **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 1 ���������������������������������������������������������� ## **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. REV. JONG BUM PARK ���������� 20 May 2024 2 ���������������������������������������������������������� ## **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 ���������� 3 ���������������������������������������������������������� ## **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| 4 ���������������������������������������������������������� ## **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|| ||2,134||2,487|| |||||| |||||19,605| |||||7,387
12,218
-
-| |||||19,605| 5 ���������������������������������������������������������� ## **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| |||24,673| 6 ���������������������������������������������������������� ## **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| |||-
-| |||-| 7 ���������������������������������������������������������� ## **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
-| |||||5,114| |||||12,786| |||||15,343| |||||**2022**
**£**
-
-
-| |||||-| 8 ���������������������������������������������������������� ## **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||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| ||**Names of the trustees for the charity, if any, (for example, any custodian trustees)**|||| ||**Name**||**Dates acted if not for whole year**|| |||||| |||||| |||||| March **2012** **TAR** 1 ���������������������������������������������������������� ## **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**||| |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: - policies and procedures adopted for the induction and training of trustees; - the charity’s organisational structure and any wider network with which the charity works; - relationship with any related parties; - trustees’ consideration of major risks and the system and procedures to manage them. March **2012** **TAR** 2 ���������������������������������������������������������� ## **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)** March **2012** **TAR** 3 ���������������������������������������������������������� You **may choose** to include further statements, where relevant, about: - policy on grantmaking; - policy programme related investment; - contribution made by volunteers. March **2012** **TAR** 4 ���������������������������������������������������������� 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 March **2012** **TAR** 5 ���������������������������������������������������������� ## **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: - the charity’s principal sources of funds (including any fundraising); - how expenditure has supported the key objectives of the charity; - 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 March **2012** **TAR** 6