2020-12-31-accounts - London Presbyterian Church

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LONDON PRESBYTERIAN CHURCH

TRUSTEES' REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED

31 DECEMBER 2020

REGISTERED NO 1145990

LONDON PRESBYTERIAN CHURCH TRUSTEES' REPORT

The trustees present their report and accounts for the year ended 31 December 2020.

The activities of the charity

London Presbyterian Church ("the Trust") exists to advance the Christian religion in accordance with Presbyterian beliefs for the public benefit.

Financial

The surplus for the year is £16,680 and has been transferred to the general fund.

Trustees

The Trust was administered by its three trustees:

Sang Chul Sin Ki Soon Hwang Mi Hwa Lee

Trustees' responsibilities

The constitution of the charity and charity law require the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources for that period. In preparing those accounts the trustees are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.

The trustees are responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities with an appropriate system of internal controls.

Independent Examiner of the Trust is Yang & Partners Ltd trading as Archbird of Suite 41, Chessington Business Centre, 37 Cox Lane, Chessington, KT9 1SD.

This report was approved by the Trustees on 22nd July 2021.

…………………………………

S C Shin (Chairperson)

LONDON PRESBYTERIAN CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES

We report on the accounts of London Presbyterian Church for the year ended 31 December 2020, which are set out on pages 3 to 5.

Respective Responsibilities of Trustees and Examiner

As the charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit is not required for this year under section of 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act, whether particular matters have come to our attention.

Basis of Independent Examiner's Report

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. The 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 Examiner's Statement

In connection with our examination, no matters have come to our attention:

1) which give us reasonable cause to believe that, in any material respect, the requirements:
i ) i) to keep accounting records in accordance with section 130 of the charities Act; and ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or

2) which, in our opinion, attention should be drawn to in order to enable a proper understanding of the accounts to be reached.

………………………………….

Yang & Partners Ltd trading as Archbird

Chartered Certified Accountants Suite 41, Chessington Business Centre 37 Cox Lane Chessington Surrey KT9 1SD

22 July 2021

LONDON PRESBYTERIAN CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes INCOMING RESOURCES Donations TOTAL INCOMING RESOURCES RESOURCES EXPENDED Activities in furthernance of the charity's objects Donations to third parties Administrative expenses 2 TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources for the year 4 General fund brought forward General fund carried forward	2020 2019 £ £ 70,076 91,256
	70,076 91,256 18,296 39,478 2,400 3,000 32,700 38,227
	53,396 80,705 16,680 10,551 55,357 44,806
	72,037 55,357

LONDON PRESBYTERIAN CHURCH BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020

LONDON PRESBYTERIAN CHURCH BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2020
Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Total assets less current liabilities Funds General fund 4	2020 £ 72,963 (926) 72,037 72,037	2019 £ 56,257 (900)
		55,357
		55,357

Approved by the Trustees on 22nd July 2021 and signed on their behalf:

………………………………………………..

S C Shin (Chairperson)

LONDON PRESBYTERIAN CHURCH NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

The financial statements are prepared in accordance with the Statement of Recommended " Accounting by Charities" and applicable accounting standards.

Accounting convention

The financial statements are prepared under the historical cost convention.

Incoming resources - donations

These represent voluntary donations from members and third parties which are accounted for when received.

2 Administrative expenses Wages and salaries Rent Postage, printing and stationery Repairs and renewals General expenses Advertising Accountancy fee 3 Creditors: amounts falling due within one year Other creditor 4 Movement in general fund At 1 January Net incoming/(outgoing) resources for the year At 31 December	2020 £ 18,600 11,439 258 920 133 - 1,350 32,700 2020 £ 926 926 2020 £ 55,357 16,680 72,037	2019 £ 19,500 14,400 275 1,603 141 1,000 1,308
		38,227
		2019 £ 900
		900
		2019 £ 44,806 10,551
		55,357