## **BIRMINGHAM KOREAN SCHOOL**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31[st] December 2025**
**CHARITY NUMBER: 1170911**
**BIRMINGHAM KOREAN SCHOOL WEOLEY HILL CHURCH GREEN MEADOW ROAD BIRMINGHAM B29 4DE**
|**INDEX**
**Index and Administrative Information**
**Trustees’ Annual Report**
**Receipts and Payments Account**
**Statement of Assets and Liabilities**
**Notes on the financial Statements**|**Page**
**1**
**2 - 3**
**4**
**5**
**6**|
|---|---|
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## **BIRMINGHAM KOREAN SCHOOL**
# **TRUSTEES’ REPORT YEAR ENDED 31[st ] December 2025**
The trustees are pleased to present their report for the year ended 31[st] December 2025 for the charity, Birmingham Korean School with charity number 1170911.
The Trustees of the charity are: Hyun Sun Park (Treasurer) Narae Min (Treasurer) Eunmi Son (Chair)
The principal address of the charity is: Weoley Hill Church Green Meadow Road Birmingham, B29 4DE
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The Charity governing document is a CIO- constitution that was registered on 23[rd] December 2016. The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
## **OBJECTIVES AND ACTIVITIES**
The Objects of the CIO is to advance education for children in Birmingham about Korean language and culture.
The trustees confirm that they have complied with their duty under Section 17(5) of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission when reviewing and planning the charity’s activities.
## **ACHIEVEMENTS AND PERFORMANCE**
The Organisation continues to run the school every Saturday from 9am to 12.30pm throughout the year. The curriculum includes Korean language, history, music, science, and cultural education. These classes have led to significant improvement in students’ understanding and appreciation of Korean culture and language.
A grant from the Korean Embassy greatly supported the programme and contributed to covering operational costs.
Key Performance Highlights:
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- 56 enrolled students
- 95% average attendance rate
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## **FINANCIAL REVIEW**
The charity’s total income for the year was £20,558 (2024:19,575), an increase from the previous year. However, the costs have been well managed during this period. The organization is still in a good position to manage its costs. The main costs of the organization were the operational costs of running the school.
As the charity’s gross income (£20,558) remained below the statutory £25,000 threshold, the charity is exempt from the requirement for an Independent Examination under Section 145 of the Charities Act 2011.
## **RESERVE POLICY**
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 6 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from time to time. Efforts are made to sustain this level throughout the year.
## **RISK MANAGEMENT**
The charity has assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity and are satisfied that systems are in place to mitigate exposure to major risks.
## **TRUSTEE RESPONSIBILITIES**
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the school. They are required to:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the school at any time and to ensure that such accounts comply with the Charities Act 1993. They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 20[th] August 2026 and signed on their behalf by:
Eunmi Son
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## **BIRMINGHAM KOREAN SCHOOL**
## **ACCOUNTS FOR THE YEAR ENDED 31st December 2025**
## **1 Receipts & Payments Account (General Purpose Fund)**
|**Income Receipts**
Donations
School fee
Other Income
**Total Receipts**
**Direct Charitable Expenditure**
Admin Supplies
Wages
Rent
Insurance
Bank Charges
Scholarships
Fee Refunds
**Total Payments**
**Net Receipts/(Payments) for the year**
**Cash Funds brought forward**
**Cash Funds at the end of the year**|£/ 2025 £/2024
9401
8048
10993
10967
164 560|
|---|---|
||**20558**
19575|
||5203
5880
13067
10711
1961
1264
161
144
40
55
386
134|
||20952
18054|
||**20952**
18054
-394
1521
**17789**
16268|
||**17395**
17789|
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## **BIRMINGHAM KOREAN SCHOOL**
## **2 Statements of Assets and Liabilities at 31st December 2025**
**----- Start of picture text -----**
Cash Funds Unrestricted Funds
£/2025 £/2024
Bank 17395 17789
Total Cash Funds 17395 17789
**----- End of picture text -----**
## **Other Assets Retained For The Charity’s Own Use**
- Educational Textbooks, stationery, and Korean cultural learning
- resources
- Classroom educational equipment and teaching aids
## **Liabilities**
The Charity had no outstanding liabilities, loans, or guarantees as at 31[st] December2025.
Approved by the Trustees and signed on their behalf:
Name: Eunmi Son
Signature:
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**BIRMINGHAM KOREAN SCHOOL**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31st December 2025**
## **1. ACCOUNTING POLICIES**
## **Basis of Accounting**
These accounts have been prepared on the receipts and payments basis in accordance with Section 133 of the Charities Act 2011.
## **Funds**
Unrestricted funds are available for use at the Trustees' discretion in furtherance of the general objectives of the charity. Restricted funds are subject to specific conditions laid down by the donor or through the terms of an appeal.
## **Staff and Educational Expenditure**
The charity engaged paid teachers to provide educational services in accordance with its charitable objects the year.
## **Public Benefit**
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit. Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding
what activities the charity should undertake.
## **2. EXEMPTION FROM INDEPENDENT EXAMINATION**
For the financial year ended 31[st] December 2025, the charity ’ s gross income was £ 20,558, which is below the £ 25,000 statutory threshold under Section 145 of the Charities Act 2011. Consequently, an Independent Examiner ’ s Report is not required and has been omitted accordingly.
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