REGIERED CHARITY NUMBER: 1150819 Re ort of the Trustees and Unaudited Yinancial Statements for the Year Ended 31 December 2024 Korean Christian Fellowshi Bennewith 2018 Limited t/a AJ Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GU14XA
Korean Christian Fellowshi Contents of the Financial Statements for the Year Ended 31 December 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Artivities Balance Sheet Notes to the Financial Statements
Korean Christian Fellowshi Re ort of the Trustees for the Year Ended 31 December 20Z4 The trustees present their report with the financial statements of the charity for the year ended 31 Dember 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 Republic of Ireland {FRS 1021 leffettive l January 20191. OBJEcfivES AND ACTIVITIES Objertives and aims The principal object of the charity is advance the Christian Faith. tt seeks to do this locally within tts immediate geographic neighbourhood area. but also across the UK and internationally with various contacts that the charity has. SÉgnificant acttvities The principal fund raising artivity of the church is the offerings and donations made by the members of the church congregation. The fund raised are used to support missionary work, both in the Unlted Kingdom and abroad, to give Scholarship support to students, and generally to give support and aid to those less well off in the community. Public benefft The advancement of religious education to/forthe Korean speaking congregatlon in and around the area. FINANCIAL REVIEW Reserves policy Total income received for the year amounted to £52,14412023 £53,555), which is the total incoming resource. Total expenditure amounted to £53,099 {2023 £56,112) that left net outgoing resources for the period of £95512023 net outgoing £2,557). The tru5tee5 applied and shall continue to apply accumulations of income to charitable causes after making such provision for all expenditure on trust. STRUCTURE, GOVERNANCE AND MANAGEMEMr Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTrATIVE DFfAILS Registered Charity number 1150819 Principal addre55 14 Manor Drive North New Malden Surrey 35PB Trustees CKIM E Kang SSKwon CHKanE Page I
Korean Christian Fellowshi Re ort of the Trustees for the Year Ended 31 December 2024 REFERENCE AND ADMINisfRATIVE DAlls Independent Examiner A J Bennewith & Co Upper Ground Floor 18 Farnham Road Guildford Surrey GU14XA Approved by order of the board of trustees on............... ......... Z025 . and signed on its behalf by- . Trustee Page 2
Inde endent Examiner's Re rt to the Trustees of Korean Christian Fellowshi Independent examiner's report to thÈ trustees of Korean Christian Fellowship I report to the charity trustees on my examination of the accounts of Korean Christian Fellowship (the Trust} for the year ended 31 December 2024. Re5ponsibtlities and basis of roport As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordante with the requirements of the Charities Act 2011 ('thÈ Act'}. I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145{5llbl of the Act. Independent examiner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection with the ex3mination giving me cause to believe that in any materia5 respect: ccounting records were not kept in respett of the Trust as required by Settion 130 of the Act; or the accounts do not accord with those retords; or the accounts do ftot comply with the applicable requirements concerningthe form and content of account5 set OLrt in the Charities (Account5 and Reports) Regulations 2008 other than any requirement that the accounts give a true and fairview which is not a matter considered 35 part of an independent examination. I have no concerns and have come across no other matters in connertion with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached, A J Bennewith FCA, FCPA, FFA, FA, FIPA, DChA. FRSA Upper Ground Floor 18 Farnham Road Guildford Surrey GUI 4XA Date." 26th October 2025 Page 3
Korean Christian Fellowshi Statement of Financial Artivitie5 forthe Year Ended 31 December 2024 31.12.24 Unrestritted fund 31.12.23 Total funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 51,927 53,285 Investment income 217 270 Total 52,144 53,555 EXPENDITURE ON Charltable activities Church activities 53,099 56,112 Totsl 53,099 56,112 NEf INCOMEIIEXPENDITURE) 19551 12,5571 RECONCILIATION OF FUNDS Total funds brought forward 15,740 18,297 TOTAL FUNDS CARRIED FORWARD 14,785 15,740 The notes form part of these financial statements Page 4
Korean Christian Fellowshl Balance Sheet 31 December 2024 31.12.24 Unrestricted fund 31.12.23 Total funds Notes FIXED ASS5 Tangible assets 3,073 CURRENT ASSETS Debtors Cash at bank 1,104 10,724 15,740 11,828 15,740 CREDITORS Amounts falling due within one year 11161 NET CURRE1 ASSErs 11,712 15,740 TOTAL ASSEfs LESS CURRENT UABILITIES 14.785 15,740 NET ASSETS 14,785 15,740 FUNDS Unrestricted funds 14,785 15,740 TOTAL FUNDS 14,785 15,740 The financial statements were approved by the Board of Trustees and authorised for issue on and were signed on its behalf by: - Trustee (' F."* The notes form part of these financial statements Page 5
Korean Christian Fellowshi Notes to the financial Statements for the Year Ended 31 December 2024 ACCOUNTING POLICIES Basis of preparing the financlal statements The financial statements of the charity, which is a public benefrt entity under FRS 102. have been prepared in accordance with the Charities SORP (FRS 1021 'Accounting and Reporting by Charities- Statement of Recommended Practice applicable to chartties preparing their actounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS L021 leffective l January 20191,, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland, and the Charities Act 2011. The financial statements have been prepared under the historical c05t convention. Income All income is recogni5ed in the Statement of Financial Activities once the charity has entitlement to the fund5, it is probable that the income will be received and the amount can be measured reliably, Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggrÈgate all cost related to the category. Where costs cannot be direttly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tangible fixed assets Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life- Computer and Elettrical Equipment". Motor vehicles: 25% on a reducing balance basls 20% on a reducing balance basis. Taxation The charlty Is exempt from tax on its charitable activities. Fund accountlnE Unrestricted funds can be used in accordan with the charitsble objertives at the discretion of the trustees. Restricted funds can only be used for particular re5tritted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fvnd is included in the note5 to the financlal statements. INVESTMENT INCOME 31.12.24 31.12.23 Deposit account interest 217 270 Page 6 continued...
Korean Christian Fellowshi Notes to the financial Statements- continued for the Year Ended 31 Detsmber 2024 TRUSTEE5' REMUNERATION AND BENEFITS There were no tru5tee5' remuneration or other benefits ior the year ended 31 December 2024 nor for the year ended 31 December 2023. Trustees, expenses There were no trustee5' expenses paid for the year ended 31 December 2024 nor for thÈ year ended 31 DÈcÉmber 2023. STAFF COSTS The average monthly number of employees duringthe year was as follows: 31.12.24 31.12.23 Staff employed No employees received emoluments in excess of £60,OC(I. COMPARATIVE5 FOR THE STATEMENT OF FINANCIAL AcfivmES Unrestricted fund INCOME AND ENDOWMENTS FROM Donations and leEacies 53,285 Investment income 270 Total 53,555 EXPENDITURE ON Charitable activities Church activities 56,112 NET INCOMEI(EXPENDrruRE) 12,5571 RECONCILIATION OF FUNDS Total funds brought forward 18,297 TOTAL FUNDS CARRIED FORWARD 15,740 Page 7 continued...
Korean Christian Fellowshi Notes to the Financial Statements- continued for the Year Ended 31 Dernber 2024 TANGIBLE FIXED ASSETS Compiiier & electrical equipment COST Additions 3,073 NET BOOKVALUE At 31 December 2024 3,073 At 31 December 2023 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.24 31.12.23 Trade debtors 1,104 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.12.24 31.12.23 Other creditors 116 MOVEMENT IN FUNDS Net movement in funds At 31.12.24 At 1.1.24 Unrestricted funds General fund 15,740 1955} 14,785 TOTAL FUNDS 15,740 14,785 Net movement in funds. included in the above are as follows: Incoming resource5 Resources expended Movement infunds Unrèstrirted fund5 General fund 52,144 (53.0991 19551 TOTAL FUNDS 52,144 {53,099} {9551 Page 8 continued...
Korean Christian Fellowshi Notes to the Financial Statements- continued forthe Year Ended 31 December 2024 MOVEMENT IN FUNDS- continued Comparatives for movement in funds Net movement in funds At 31.12.23 At 1.1.23 Unrestricted funds General fund 18,297 12.557) 15,740 TOTAL FUNDS 18,297 {2,5571 15,740 Comparative net movement in funds, included in the above are as follows: Incoming resources Resources expended Movement in funds Unrestricted funds General fund 53,555 156,1121 12,5571 TOTAL FUNDS 53,555 {56,1121 12,5571 io. RELATED PARTY DISCLOSURES There were no related party transactions for the year ended 31 December 2024. Page 9