MANCHESTER YEDAM CHURCH 38 LORRAINE ROAD TIMPERLEY ALTRINCHAM WA15 7NA Reglstered Charlty: 1170551 STATEMENT OF ACCOUNT AND INDEPENDENT EXAMINATION REPORT FOR THE YEAR ENDED 30TH NOVEMBER 2024 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 Receipts and Payment Accounts Report to the trusteeslmembers of Manchester Yedam Church Registered Charity Number 1170551 On the accounts for the year ended 30th November 2024 Sat out on tho following pages R8SPOCtivo responsibilities of trustees and examlner The charity's trustees are responsible for the preparation of the accounts. Th8 charity, trustees consider that an audit is not required for this year under section 144(21 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under section 145 of the 2011 Act: follow the procedur8s laid down in the General Directions grven by the Charity Commission under section 145{5)(b) of the 2011 Act: and stste whether particular matters have come to my attention. Ba818 of Indgpgndent examlnerfs 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 trustees concerning any such matters. The procedures undertaken do not provide all th8 8vid8nc8 that would be required in 8n audit, and consequently no opinion is glven as to wheth8r th8 accounts present a 'true and fair view, and the report is limited to those matters set out in the ststement below. Independent oxamlnerfs slatement In connection with my examination, no matter has come to my attentlon: (1) which gives me reasonable cause to 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 to comply with the accounting requirements of the 2011 Act Have not been met,. or (2) to which, in my opinion, attention should be drawn in order to enable a proper understsnding of the accounts to be reached. Slgned L A saver Date: 4 August 2025 Luke Silver HNC Business & Finance Accountsncy Practitioner 25 Ellicombe Close, Minehead. Somerset. 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 to be commended for their hard work. I will therefore keep my comm8nts to a minimum. Charity Law and Flnanclal Regulatlons The independent examination has been carried out in accordance with the Charities (Accounts and Reports) Regulations 1995 (ststutory Instwments No 2724) and the Accounting by Charities Statement of Recommended Practice (SORPI. Slgnlng 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 sign8d by a repr8S8ntatNe appointed by the Trustees and Church Council. A spare copy is enclosed. Concluslon There are no other matters I feel need to be brought to your attention. Please do not hesltate to contsct me for further clarification or for furth8r assistance. Luke Sllver Date: 4 August 2025
CHARITY COMMISSION FOR ENGLAND AND WALES MANCHESTER YEDAM CHURCH Receipts and payments accounts CC16a For the period from To 0111212023 3011112024 Section A Receipts and payments Unrestricted funds to the nearest Restricted funds Endowment funds Total funds Last year to thè n•ar•st £ to th• n•arest £ to the nearest £ to the neJre$t £ A1 Receipts Donations Gift Aid 62,396 4,931 62.396 4,931 52,342 Sub total (Gross income for AR) 67,327 87.327 S2,342 A2 Asset and Inve8tment sales, {see table}. Sub total 67.327 67,327 52,342 A3Pa ments Wages and Natioonal Insurance Pension Rent Compa$sionuk.¢rg Overseas missionay relief Overseas mission and relief fund Young adult group acts'vilies fvnding Sunday school activity funding Food and drinks Entertainment and gift Account and legal expenses Expenses Sub5CliPtions Insurance 24.524 24,524 20,578 4,127 4,127 2,040 2,423 2,000 659 1,035 1,364 4,785 2,220 6,753 3,000 4,785 2,220 6,7S3 3.000 4,908 3,988 447 443 466 466 Sub total 41,748 41,748 48,139 A4 Asset and investment urchases, (see table) Sub total rotal payments 41,748 41,748 48,139 Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end 25.579 25,579 4,203 40.178 65.757 40.178 65,757 31,848 36,051 CCXX R1 accounts ISS) 0410912025
Section B Statement of assets and liabilities at the end of the period Unrestricted funds Restrlcted funds to nearèst £ Endowment funds to nearest £ Categories Details to nearest É 81 Cash funds Total cash funds 65,757 lagrte bal$With receipts and payments •Ett)urA(sII Unrestrictsd funds to nearest £ Restricted funds to nearest £ Endowment funds to nearest £ Details Fund to whlch a¥set belon Curr•nt valuo tlonal Details Cost loptlonall Fund to whlch asset belon Details Cost loptlonall Current value tional B4 Assets retainod for the charlty's own use Fund to whlch relates Amount du¢ tional When due tional Details B5 Liabllities Signed by one or trustees on behalf of all the trustees Signalure Print Name Date of roval h¥uAt6 • CCXX R2 aecounts {SSI 0410912025
MANCHESTER YEDAM CHURCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30,. NOVEMBER 2024 ACTIVITIES REVIEW The financial results are set out in the enclosed accounts. The Activities may include but are not restricted to.. regular public worship, prayer, Bible study, preaching and teaching., evangelism and missionary work. locally. regionally, nationally and internationally,- the teaching, encouragement. welcome and inclusion of young people; nurture and growth of Christian disciples TRUSTEES The trustees during the year were as follows.. HYUNG JOON KIM EUNHO KIM HYUN-JIN KO STATEMENT We certify that the books, vouchers and information produced to enable the independent examination of our accounts to be conducted contain a full and correct record of our financial transactions and activities to the best of our knowledge and belief. SIGNED ON BE F OF THE TRUSTEES Please print name.. HYUN-JIN KO Date..
CHARITY COMMISSION FOR ENGLAND AND WALES Trustees, Annual Report for the period Frorn 01 Dec 2023 Period end date Period start date To 30 Nov 2024 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 Februa 2017. A summary of the main activities undertaken is.. Regular Sunday services Regular Midweek ServIS 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 number of monetary donations to specific hardship relief funds. Summary ofthe 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
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 lan ua e barriers. INhen 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 reli ion. Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit Para 1.18 Additional information {optional) You ma 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
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. 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 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. Special Services: During the reporting period, the church held several special services, including weddings, funerals, infant dedication services, and baptism services. These meaningful occasions were celebrated and conducted with the support and participation of the church community. 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. 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 Com assion.
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 the church financially supports the Korean Language School based in Manchester. Additional information (optional) You ma choose to include further statements where relevant about: Achievements against objectives set Para 1.41 Performance of fundraising activities against objectives set P8r8 1.41 Investment performance against objectives Para 1.41 other
Financial Review Review of the charity's financial position at the end of the period Pèra 1.21 Total receipts on unrestricted funds were £67,327. All financial income has been solely from voluntary donations from members and visitors. £57,546 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. The trustee applied and shall continue to apply accumulations of income to charitable causes after making such rovision for all ex enditure on trust. 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. A small reserve is usually set aside within the budget for rainy days, typically between £200 and £500 Not applicable Statement explaining the policy for holding reserves stating why they are held Para 1.22 Amount of reserves held Para 1.22 Reasons for holding zero reserves Details of fund materially in deficit Explanation of any uncertainties about the charity continuing as a going concern Para 1.22 Para 1.24 Not applicable Para 1.23 Not applicable Additional information (optional) You ma 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.. Type of governing document The church is a Charitable Incorporated anisation cio Its governing document is a Constitution, with the latest version as amended on the 12th of Februa 2017. The charity is constituted as a Trust Para 1.25 ILI"uSt LlrrQ, i OyaF kni idl j How is the charity constituted? (e.g unincorporated Para 1.25 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 votin member. Additional information (optional) You ma choose to include further statements where relevant about: Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity's organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Para 1.51 Other Reference and Administrative details Charit name Other name the chari uses Re istered charit number Charity's principal address
Names of the charity trustees who manage the charity Dates acted if not for whole ear Trustee name Office (if any) Name of person lor body) entitled toa oint trustee ifan Eun Ho Kim 0110112022 Hyun Jin Ko Hyung Joon Kim 1210212017 1210212017 10 12 13 14 15 16 17 18 19 20 Cor orate trustees - names of the directors at the date the re ortwasa roved Director name Nota licable Name of trustees holding title to property belonging to the charity Trustee name Nota licable Dates acted if not for whole ear
Funds held as custodian trustees on behalf of others Description of the assets Not applicable held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity's objects Not applicable Details of arrangements for safe custody and segregation of such assets from the charity's own assets Not applicable Additional information (optional) Names and addresses of advisers (Optional infomiation) Type of Name Address adviser Name of chief executive or names of senior stsff members (Optional Information) Exemptions from disclosure Reason for non-disclosure of ke ersonnel details Not applicable Other o tional information Not applicable
Declarations The trustees declare that they have approved the trustees, report above. Signed on behalf of the charity's trustees Signature{s) Full name{s) Position (eg Secretary, Chair, etc) Ata K/ Date