Trustees’ Annual Report for the period
From 01 Dec 2022 Period start date To 30 Nov 2023 Period end date
Charity name: Manchester Yedam Church
Charity registration number: 1170551
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The object of the CIO is to advance the Christian religion in Manchester and surrounding areas for the benefit of the public through the holding of regular worship services, prayer meetings, bible study courses, youth and toddler bible study classes, missionary and outreach, and pastoral care. The church is a Charitable Incorporated Organisation, and its governing document is a Constitution, with the latest version as amended on the 12th of February 2017. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
A summary of the main activities undertaken is: Regular Sunday services Regular Midweek services Bible study courses Evangelism and missionary work locally, regionally, and internationally. Youth groups and young adult specific meetings Outreach and community support activities The board of Trustees believe these activities provided clear and identifiable benefits to all involved by encouraging and guiding ordinary people to live out their faith through the teachings of Jesus Christ, leading them to a more fulfilling and meaningful life; and to the local community through a variety of outreach activities towards the needing and vulnerable members of society. Also, the organisation has been involved in a number of Missionary and outreach work, with a number of monetary donations to specific hardship relief funds. |
| The Trustees continued the effort to allow as many people as possible to worship at our church and to become part of our community at Yedam Church. To help with the inclusion the New Believers Support Team has increased in members to allow a more efficient welcoming and support to establish in the Church family. The Translations Team has continued to work tirelessly to provide accurate translation of the service and preaching to people from other backgrounds. This service has helped the inclusion of people from different parts of the world by breaking down language barriers. |
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| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | When planning the activities for the year, the board of trustees have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on the advancement of religion. |
Additional information (optional)
You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
SORP reference
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | Worship services: The worship service was held every Sunday during the reporting period with the lead of the senior Pastor. The church also had two Sunday schools for children and youths every Sunday. The church has managed to maintain around 80-100 in number of regular attendees. The church continues to update and post its service through website and social network. There was meal fellowship after the service every Sunday. Young adults (young professionals and university students) meet for small group fellowship after the service. Midweek Services: Morning prayer is held via zoom during the weekdays (07:00 – 7:20 Mon to Fri). Ladies’ bible study meets every Tuesday morning. There are three house groups, gathering bi-weekly, for fellowship and prayers during the reporting period. Friday night worship and prayer gathering is held on the last week of the month. There is a daily Bible reading time between 21:00 - 21:15 Mon to Fri via zoom. There are book clubs on a quarterly basis. Outreach Activities: Local Food Bank:The church collects food and other necessities for the local food bank on a regular basis. Some church members volunteered at local food bank for packing and delivering food parcels every Monday and Thursday. Homeless Ministry:Young adult group served homeless people at Manchester city centre. The church regularly raised fund by exchanging second hand stuff and used it for the homeless ministry. Supporting children:The church supported five children around the world by providing regular financial donation and building relationships with them via Compassion. Overseas Missionaries:The church also supported three missionary families in Romania, Gambia, and Uganda financially each 1,200 pounds per year. Others:The church supports the students at Nazarene Theological College with hardship fund and other scholarships. Also |
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the church financially supports the Korean Language School based in Manchester .
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against objectives set |
Para 1.41 | |
|---|---|---|
| Performance of fundraising activities against objectives set |
Para 1.41 | |
| Investment performance against objectives |
Para 1.41 | |
| Other |
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | Total receipts on unrestricted funds were £53,004. All financial income has been solely from voluntary donations from members and visitors. £44,012 was spent to provide the Christian ministry, support local communities and others. There is an annual budget which is reviewed and approved during our Annual Congregational Meeting. The budget comprises individual budgets for each Committee, who will define the total amount budgeted for each Committee based on the planned activities for the new year. During the Annual Congregational Meeting, the financial report is presented including details of how the resources have been used in different activities to drive the objectives of the Church. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The charity does not have a policy on reserves. The yearly budget is set to allocate most of the forecasted income towards the aim of the Church. |
| Amount of reserves held | Para 1.22 | A small reserve is usually set aside within the budget for rainy days, typically between £200 and £500 |
| Reasons for holding zero reserves |
Para 1.22 | Not applicable |
| Details of fund materially in deficit |
Para 1.24 | Not applicable |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | Not applicable |
Additional information (optional) You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
Other
Structure, Governance and Management
| Description of charity’s trusts: |
The church is a Charitable Incorporated Organisation (CIO) |
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|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Its governing document is a Constitution, with the latest version as amended on the 12th of February 2017. |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | The charity is constituted as a Trust |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The board of Trustees are elected on a yearly basis during the Annual Congregational Meeting by the voting members. Individuals may become voting members through the Charity’s established procedure. All those who attend regularly our services are encouraged to become a voting member. |
Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures adopted for the induction Para 1.51 and training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other
Reference and Administrative details
Charity name Other name the charity uses Registered charity number Charity’s principal address
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) |
|---|---|---|---|---|
| Eun Ho Kim | 01/01/2022 | |||
| Hyun Jin Ko | 12/02/2017 | |||
| HyungJoon Kim | 12/02/2017 | |||
– Corporate trustees names of the directors at the date the report was approved
Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets Not applicable held in this capacity Name and objects of the Not applicable charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for Not applicable safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Not applicable
Other optional information
Not applicable
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signatur8{s} Full name(s} Posltlon (eg Secretary, Chair, etc) EUN /40 TrL14tee VIYU- Q(Ll Date /9/27/z.
MANCHESTER YEDAM CHURCH 38 LORRAINE ROAD TIMPERLEY ALTRINCHAM WA15 7NA Registered Charity: 1170551 STATEMENT OF ACCOUNT AND INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 30TH NOVEMBER 2023 Luke Silver Accountancy & Taxation Services 25 Ellicombe Close Minehead Somerset TA24 6DQ Mobile: 07710 456376 E-mail: luke-silve uresilver.or
Independent Examiner's Report on the Accounts Rg¢9iPts and Paymont Accounts Report to the trusteeslmembers of Manchester Yedam Church Registered Charity Number 1170551 On the accounts for the year ended 30th November 2023 Set out on the following pages Respective responsibilities of tmstees 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{21 of the Charities Act 2011 {Ihe 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under sedion 145 of the 2011 Act., follow the procedures laid down in the General Directions given by the Charity Commission under section 14515llbl of the 2011 Act., and stale whether particular mallers have come lo my allenlion. Basis of independent examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 Iruslees conceming 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 lo whether the accounts present a 'lrue and fair view, and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination, no matter has come to my attention- 111 which gives me reasonable cause lo believe that in any material respect the requirements To keep accounting records in accordance with section 130 of the 2011 Act., and To prepare accounts which accord with the accounting records and lo comply with the accounting requirements of the 2011 Act Have not been mel- or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts lo be reached. Signed L A SLts Date- 25 September 2024 Luke Silver HNC Business & Finance Accountancy Practitioner 25 Ellicombe Close, Minehead, Somersel. TA24 6DQ
Independent Examiners Report to the Trustees Introduction Thank you for submitting the accounts for independent examination. They have been very well maintained and the treasurer and others responsible are lo be commended for their hard work. I will therefore keep my comments to a minimum. Charity Law and Financial Regulations The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (Statutory Instruments No 27241 and the Accounting by Charities Statement of Recommended Practice ISORPI. Signing of Accounts I shall be obliged if you will please forward a copy of the signature page for my records after the accounts have been signed by a representative appointed by the Trustees and Church Council. A spare copy is enclosed. Conclusion There are no other mallers I feel need to be brought to your allenlion. Please do not hesitste lo Contsct me for further clarification or for further assistance. Luke Silver Date: 25 September 2024
MANCHESTER YEDAM CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2023 ACTIVITIES REVIEW The financial results are set out in the enclosed accounts. The Activities may include but are not reslricled lo.. regular public worship, prayer, Bible study, preaching and teaching., evangelism and missionary work, locally, regionally, nationally and internationally,. the leaching, encouragement, welcome and inclusion of young people,. nurture and growth of Christian disciples TRUSTEES The Iruslees during the year were as follows.. AI KYOUNG YOU HYUNG JOON KIM KYOUNG MOON CHANG HYUN JIN KO STATEMENT We certify that the books, vouchers and information produced lo enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities lo the best of our knowledge and belief. SIGNED ON BEHALF OF THE TRUSTEES Please print name.. N7" Date.. Ig / oq /104
| Charity Name MANCHESTER YEDAM CHURCH |
Charity Name MANCHESTER YEDAM CHURCH |
Charity Name MANCHESTER YEDAM CHURCH |
No (if any) 1170551 |
No (if any) 1170551 |
No (if any) 1170551 |
CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
Period start date 01/12/2022 |
To | Period end date 30/11/2023 |
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| Section A Receipts and payments | |||||||
| A1 Receipts | Unrestricted funds to the nearest £ 52,342 - - - - - - - 52,342 - - - 52,342 20,578 4,127 2,040 2,423 2,000 659 1,035 1,364 4,908 3,988 447 443 - - 44,012 - - - 44,012 8,330 - 31,848 40,178 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - |
Total funds to the nearest £ 52,342 - - - - - - - 52,342 - - - 52,342 20,578 4,127 2,040 2,423 2,000 659 1,035 1,364 4,908 3,988 447 443 - - 44,012 - - - 44,012 8,330 |
Last year to the nearest £ |
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| 52,342 | 33,865 | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| - | - | ||||||
| Sub total(Gross income for AR) |
52,342 | 33,865 | |||||
| A2 Asset and investment sales, (see table). |
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| Worship equipment | - | 67 | |||||
| - | - | ||||||
| **Sub total ** | - | 67 | |||||
| Total receipts A3 Payments |
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| 33,932 | |||||||
| Wages and Natioonal Insurance | 20,578 | 19,610 | |||||
| Rent | 4,127 | 3,323 | |||||
| Compassionuk.org | 2,040 | 2,480 | |||||
| Overseas missionayrelief | 2,423 | 3,900 | |||||
| Overseas mission and relief fund | 2,000 | 2,500 | |||||
| Youngadultgroupactivities funding | 659 | 226 | |||||
| Sundayschool activityfunding | 1,035 | 687 | |||||
| Food and drinks | 1,364 | 761 | |||||
| Legal expenses | 4,908 | ||||||
| Expenses | 3,988 | 1,856 | |||||
| Subscriptions | 447 | ||||||
| Insurance | 443 | 430 | |||||
| - | - | ||||||
| - | - | ||||||
| **Sub total ** | 44,012 | 35,772 | |||||
| A4 Asset and investment purchases, (see table) |
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| Worshipmusic equipment & others | - | 556 | |||||
| Batistry | - | ||||||
| **Sub total ** | - | 556 | |||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
0 | ||||||
| 36,329 | |||||||
| 8,330 | - | - | 8,330 | - 2,396 | |||
| - | - | - | - | - | |||
| 31,848 | - | - | 31,848 | 34,244 | |||
| 40,178 | - | - | 40,178 | 31,848 |
CCXX R1 accounts (SS)
20/09/2024
1
Section B Statement of assets and liabilities at the end of the period Unrestrietèd funds to nearest£ Restricted fund5 to nearest£ Endowment funds to narp5t£ Categories Deiail¥ B1 Cash fund8 Total cash funds 40,178 lagm baarrAswthre(4N5 snd pmèth$ acc()) Unrestrictèd funds to nearèst£ Rostricted funds to nearFSt £ Endowment funds to nearest£ Details Fund to which assPt b•lon Current valu Details Cost loptionall . z34# Fund to whlch 888Ot belon Cuttont Value onal Details Ct lopttonall B4 Assats rntained for th• charlty'$ own use Fund to whlch relates Amount due onal When duo onal Details 85 Liabilitiè$ S*ned by one or iwo trustees on behalf of all the trustses Dat& of rov81 Signature Print Name Ho KiiL4 CCXX R2 accounts ISSI 1910912024