Registered number 10155669
## **BEAUTIFUL CHURCH LONDON**
**Trustees' Report and Unaudited Financial Statements**
30 April 2024
## **BEAUTIFUL CHURCH LONDON Report and accounts Contents**
||**Page**|
|---|---|
|Trustee's Report|1|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to the Accounts|6|
**BEAUTIFUL CHURCH LONDON Registered number: 10155669 TRUSTEE'S ANNUAL REPORT** FOR THE YEAR ENDED 30 April 2024
The Trustees, who are also the directors of the company for the purposes of company law, present their report and accounts for the year ended 30 April 2024.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Charity Name:** BEAUTIFUL CHURCH LONDON **Company No.: 10155669 Charity Number: 1171759 Website:** http://www.bkclondon.com/ Unit 2, 5 &6, Second Floor, 39-41 High Street, New Malden, Surrey, KT3 **Registered Address:** 4BY
**Trustees: Sung Jin KIM Wang Woo LEE Ji Sook LEE**
1 Churchill Place, London, E14 5HP, United **Banker: Barcalys Bank PLC** Kingdom Unit 2, 5 & 6, Second Floor, 39-41 High **Kye S Yin (FCCA, AAIA, Independent Examiner:** Street, New Malden, Surrey, KT3 4BY **MAAT)**
## **STRUTURE, GOVERNANCE & MANAGEMENT**
## **Governing Document**
BEAUTIFUL CHURCH LONDON is a charitable company limited by guarantee, which was incorporated on and governed by its Articles of Association dated, 29th April 2016, as defined by the Companies Act 2006.
## **Risk Management**
The trustees have a duty to regularly review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The trustees do no consider that there are any substantial risks beyond the liabilities disclosed in the financial statements.
## **OBJECTIVES AND ACTIVITIES**
## **Objects**
The advancement of the Christian religion for the benefit of the public through the holding of prayer meetings, lectures, public worship, Christian outreach and producing and/or distributing literature on Christianity to enlighten others about God and the Christian religion.
## **Activities**
Activities during the year included:
- An enquiry service for trustees seeking an independent examiner
- Providing Bible study lectures for international students and Church members in London
- Holding of prayer meetings and public owrship to the general public
- Providing financial support and missionary to the Churches and local communities outside UK.
1
**BEAUTIFUL CHURCH LONDON Registered number: TRUSTEE'S ANNUAL REPORT** FOR THE YEAR ENDED 30 April 2024
**10155669**
## **Public Benefit**
The trustees confirm that they have had due regard to the pulic benefit guidance published by the Charity Commission in exercising their powers or duties, as required in the Charities Act 2006/2011.
## **FINANCIAL REVIEW**
General Fund income was £57,812 (2023: £77,041), all from donations. Expenditure was £64,306 (2023: £84,802) resulting as Net Loss of £6,494 (2023: net loss of £7,761).
## **APPROVAL**
This report, which has been prepared in accordance with the provision in the Companies Act 2006 relating to small companise, was approved by the trustees on 30th April 2025 and signed on their behalf by:
**Sung Jin KIM - Trustee Giwook Byun - Treasurer** ………………………………….. …………………………………. Date: …30/04/2025…… Date: …30/04/2025……
2
## **BEAUTIFUL CHURCH LONDON INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BEAUTIFUL CHURCH LONDON**
I report on the accounts of BEAUTIFUL CHURCH LONDON for the year ended 30 April 2024 which are set out on pages 4 to 9.
## **Respective Responsibilities of Trustees and Examiner**
The Society's trustees are responsible for the preparation of the accounts. The Society's trustees consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed.
It is our responsibility to:
- (i) examine the accounts under section 145 of the Charities Act
- (ii) to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the Charities Act, and
- (iii) to state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Statement**
Our examination was carried out in accordance with General Directions given by the Charity Commission. 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 it seeks explanations from the 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 my examination, no matter has come to our attention:
1. which give me reasonable cause to believe that in, any material respect, the requirements:
- (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. to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Kye S Yin (FCCA, AAIA, MAAT, MBA) Chartered Certified Accountants
Unit 2, 5 & 6 Second Floor 39-41 High Street New Malden, Surrey KT3 4BY
30/04/2025
3
## **BEAUTIFUL CHURCH LONDON STATEMENT OF FINANCIAL ACTIVITIES for the year ended 30 April 2024**
|**Income from:**
Voluntary Income
Charitable Activities
Investments (Interest Receivable)
**Expenditure on:**
Charitable Activities
**Net Income/(Expenditure)**
**Transfers between funds**
**Net Movement in funds**
**Total funds brought forward**
**Total funds carried forward**|Notes|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
|---|---|---|
||3
4
6
7
7|£
£
**£**
£
57,812
-
**57,812**
77,041
-
-
**-**
-
-
-
**-**
-|
|||57,812
-
**57,812**
77,041|
|||64,306
-
**64,306**
84,802|
|||6,494
-
-
**6,494**
**-**
7,761
-
-
-
**-**
-|
|||6,494
-
-
**6,494**
**-**
7,761
-
29,411
-
**29,411**
29,411|
|||22,917
-
**22,917**
21,650|
4
## **BEAUTIFUL CHURCH LONDON Registered number: Balance Sheet as at 30 April 2024**
## 10155669
|**Balance Sheet**
**as at 30 April 2024**|||
|---|---|---|
|**_Fixed Assets_**
Tangible Assets
**Total Fixed Assets**
**_Current Assets_**
Debtors
Cash at bank and in hand
**Total Current Assets**
**Creditors: Amount falling due within**
**one year**
**Net Current Assets/(Liabilities)**
**Total Assets Less Current Liabilities**
**Creditors: Amount falling due after**
**more than one year**
Provisions for liabilities and charges
**Total Net Assets**
**_Funds of the Charity_**
**Restricted funds**
**Unrestricted funds**
General Income Fund
**Total Funds**|Notes|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
||2
8
9
7
7|£
£
**£**
£
3,282
-
**3,282**
4,089|
|||3,282
-
**3,282**
4,089|
|||-
-
**-**
-
6,226
13,409
**19,635**
25,322|
|||6,226
13,409
**19,635**
25,322|
|||-
-
**-**
-|
|||6,226
13,409
**19,635**
25,322|
||||
|||9,508
13,409
**22,917**
29,411|
|||-
-
**-**
-|
|||9,508
13,409
**22,917**
29,411|
|||-
-
**-**
-
22,917
-
**22,917**
29,411|
|||22,917
-
**22,917**
29,411|
The trustees (who are also the directors of the company for the purposes of company law) confirmed that for the year ended 30 April 2023:
- the company is entitled to exemption from audit under section 477 of the Companies Act 2006, and
- member have not required the charity company to obtain an audit of its financial statements for the year in question in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for:
- ensuring that the charitable company keeps accounting record that comply with Sections 386 and 387 of the Companies Act 2006
The accounts which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the trustees on 30th April 2024 and signed on their behalf by:
## **Sung Jin KIM - Trustee**
## **Giwook Byun - Treasurer**
…………………………………..
………………………………….
Date: …30/04/2025……
Date: …30/04/2025……
5
## **BEAUTIFUL CHURCH LONDON Notes to the Financial statements for the year ended 30 April 2024**
## **1 Accounting policies**
## **(a)** _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland, the Charities Act 2011, Accounting & Reporting by Charities: Statement of Recommended Practice (Charties SORP FRS102).
## **(b)** _**Income Resources**_
All incoming resources are included on the statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonably accuracy.
## **Voluntary Income**
Voluntary income is received by way of member's subscriptions and donations. Members' subscriptions income is credited in the financial statements in period when it is received. No adjustment is made in respect of subscriptions outstanding or received in advance. Donations are taken to income in the year of receipt.
## **Interest Receivable**
Interest on funds held on deposit is included when receiveable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.
## **Charitable Activities**
Incoming resources from charitable activities are accounted for in the period when the production takes place. Income is deferred when admission fees are received in advance of the performances to which they relate.
- **(c)** _**Expenditure and liabilities**_
Expenditure is recognised on the accurals basis. The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
## **(d)** _**Tangible fixed assets**_
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life. The charity does not currently have any capitalised assets.
Fitting Out, Improvements & Equipment : Over 5 years
## **(e)** _**Taxation**_
The charity is exempt from corporation tax on its charitable activities.
## **(f)** _**Funding Accounting**_
## **Unrestricted Funds**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
## **Restricted Funds**
Restricted funds can only used for particular restricted purpose within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
## **(g)** _**Creditors**_
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
6
## **BEAUTIFUL CHURCH LONDON Notes to the Financial statements for the year ended 30 April 2024**
## **2 Tangible Fixed Assets**
|**Cost**
At 01.05.2023
Addition
Cost at 30.04.2024
**Depreciation**
At 01.05.2023
Charge for the period
Depreciation at 30.04.2024
**Net Book Value**
At 30.04.2024
At 30.04.2023|Fixtures
&
Fittings
£
-
-|Fixtures
&
Fittings
£
-
-|Leasehold
Land &
Building
£
£
8,768
-
-
-
Equipments|Leasehold
Land &
Building
£
£
8,768
-
-
-
Equipments|**Total**
£
**8,768**
**-**|
|---|---|---|---|---|---|
|||-|8,768|-|**8,768**|
|||-
-|4,679
807|-
-|**4,679**
**807**|
|||-|5,486|-|**5,486**|
|||-|3,282|-|**3,282**|
|||-|4,089|-|**4,089**|
## **3 Voluntary Income**
|**Voluntary Income**||
|---|---|
|Donation for Christmas
Donation for Easter
Donation for New Year
Donation for Thanks
Donation for Thanks giving
Donation- Regular donation(Tithe)
Donation-Mission funds
Interest receivable
One off donation(General)
Other operating income
**Income from Charitable Activities**
Charity Event
Others
**Income from Investments**
Interest Receivable
**Total Income:**|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
||£
£
£
£
534
-
534
520
470
-
470
540
524
-
524
560
11,584
11,584
9,902
580
580
570
32,633
32,633
32,414
745
-
745
200
188
-
188
-
7,942
-
7,942
9,945
2,612
-
2,612
22,390|
||**57,812**
**-**
**57,812**
**77,041**|
||Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
||£
£
£
£
-
-
-
-
-
-
-
-|
||**-**
**-**
**-**
**-**|
||Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
||£
£
£
£
-
-
-
-|
||**-**
**-**
**-**
**-**|
|||
||**57,812**
**-**
**57,812**
**77,041**|
## **4 Income from Charitable Activities**
## **5 Income from Investments**
7
## **BEAUTIFUL CHURCH LONDON Notes to the Financial statements**
**for the year ended 30 April 2024**
## **6 Expenditure on Charitable Activities**
|**Direct Costs**
Charitible Expenditure
Lecture Fees
Miscellaneous Cost
**Support Costs**
Accountancy fees
Advertising and PR
Depreciation
Education and Training
Equipment expensed
Insurance
Management fees
Members Meetings
Motor expenses
Motor expenses- Fuel
Pensions
Rent - Mokyang Hall
Repairs and maintenance
Stationery and printing
Subscriptions
Subsistence
Travel and subsistence
Utilities
Wages and salaries
**Total Costs:**
**Movements in funds**
Unrestricted funds
General fund
Restricted funds
Total Funds|Unrestricted
Restricted
**Total**
Total
Funds
Funds
**2024**
2023|
|---|---|
||£
£
£
£
5,157
-
5,157
8,026
488
-
488
1,571
939
-
939
1,638|
||**6,584**
**-**
**6,584**
**11,235**|
||100
-
100
-
-
-
-
191
808
-
808
1,022
1,952
-
1,952
13,475
1,085
-
1,085
2,116
494
-
494
491
35
-
35
31
2,001
-
2,001
2,076
-
-
907
-
-
1,285
2,968
2,968
3,509
30,705
30,705
26,475
106
106
-
27
-
27
-
606
-
606
660
-
-
-
1,480
-
-
-
69
-
-
-
1,692
16,835
16,835
18,089|
||**57,722**
**-**
**57,722**
**73,568**|
|||
||**64,306**
**-**
**64,306**
**84,803**|
||As at
Incoming
Outgoing
As at
30/04/2023 Resources
Resources
30/04/2024|
||£
£
£
£
29,411
57,812
64,306
22,917|
||-
-
-
-|
|||
||29,411
57,812
64,306
22,917|
## **7 Movements in funds**
8
## **BEAUTIFUL CHURCH LONDON Notes to the Financial statements**
**for the year ended 30 April 2024**
## **8 Cash at Bank and in Hand**
|**Cash at Bank and in Hand**|||
|---|---|---|
|Cash at Bank
Cash in Hand
**Creditors and Accruals**
Trade Debtor
**Creditors and Accruals**
Trade Creditors
Independent Examiner Fee
PAYE & NI Contributions and Pension|Unrestricted
Restricted
Funds
Funds|**Total**
Total
**2024**
2023|
||£
£
5,392
13,409
834
-|
£
£
18,801
23,229
834
2,093|
||**6,226**
**13,409**|**19,635**
**25,322**|
|||**Total**
Total
**2024**
2023|
|||£
£
-
-|
|||**-**
**-**|
|||**Total**
Total
**2024**
2023|
|||£
£
-
-
-
-
-
-|
|||**-**
**-**|
## **9 Creditors and Accruals**
## **9 Creditors and Accruals**
9