2021-12-31-accounts - Social Mission Institute ("Smi")

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Trustees’ Annual Report for the period

From: 1 January 2021 to 31 December 2021

Charity name: Social Mission Institute

Charity registration number: 1172975

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	See Appendix 1 – at the back of this form
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	See Appendix 2 – at the back of this form
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees have had regard to the guidance issued by the Charity Commission on public benefit.

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	As a summary of the main achievements of the Charity during the relevant period: 1)Free ongoing advisory support to "Hankyoreh" North Korean Saturday School– the Charity is in the process of supporting the Saturday School to apply to be a registered charity, so that the School can obtain third party funding more easily once it registers as a charity (this is continuing the work that the Charity has been doing from its previous financial year).

Additional information (optional) You may choose to include further statements	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	As Hankyoreh North Korean Saturday School has been able to locate other sources of funding, the Charity has been able to focus on continuing its efforts to support the school with its charity application, rather than providing funding.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	Due to the very small size of the charity and minimal level of outgoing overhead costs and limited expenses (no expenses have been incurred during this financial year), the trustees are of the view that a reserves policy is not required at this stage.
Amount of reserves held	Para 1.22	£667
Reasons for holding zero reserves	Para 1.22	N/A
Details of fund materially in deficit	Para 1.24	N/A
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	N/A

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:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
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	Appointed by board of trustees

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	Social Mission Institute
Other name the charity uses	SMI
Registered charity number	1172975
Charity’s principal address	286 Malden Way, New Malden, Surrey KT3 5QS

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
Sung-Hyui Park	N/A	Wholeyear	N/A
Kangae Byeon	N/A	Wholeyear	N/A
Jong-Min Park	Chair	Wholeyear	N/A

– Corporate trustees names of the directors at the date the report was approved

Director name N/A

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
N/A

Funds held as custodian trustees on behalf of others

Description of the assets N/A 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 Details of arrangements for 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

Other optional information

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) Date
	Sung-Hyui Park
	Trustee
	6 November 2022
	6 November 2022

Appendix 1

TO PROVIDE OR ASSIST IN THE PROVISION OF FACILITIES AND SUPPORT FOR PERSONS LOCATED IN THE UNITED KINGDOM, INCLUDING IN PARTICULAR BUT NOT EXCLUSIVELY IMMIGRANTS, REFUGEES AND ASYLUM SEEKERS FROM NORTH KOREA AND SOUTH KOREA, WITH THE OBJECT OF IMPROVING THE CONDITIONS OF LIFE OF THOSE PERSONS WHO HAVE NEED OF SUCH FACILITIES AND/OR SUPPORT BY REASON OF THEIR YOUTH, AGE, INFIRMITY OR DISABLEMENT, FINANCIAL HARDSHIP OR SOCIAL AND/OR ECONOMIC CIRCUMSTANCES, BY MEANS INCLUDING BUT NOT LIMITED TO:

A) THE PROVISION OF FACILITIES FOR RECREATION OR OTHER LEISURE TIME OCCUPATION;

B) THE PROVISION OF GRANTS AND AWARDS TO INDIVIDUALS AS WELL AS ORGANISATIONS ADVANCING SIMILAR OR COMPLEMENTARY OBJECTS; AND

C) THE PROVISION OF VOCATIONAL, SKILLS AND/OR OTHER TRAINING, MENTORING AND ADVICE (LEGAL OR OTHERWISE).

TO ADVANCE THE EDUCATION OF THE GENERAL PUBLIC IN KOREAN ARTS, HERITAGE, HISTORY AND CULTURE, BY MEANS INCLUDING BUT NOT LIMITED TO THE PROVISION OF COMMUNITY CLASSES, EXHIBITIONS AND CONCERTS (IN ALL CASES OPEN TO THE GENERAL PUBLIC) ON SUBJECTS INCLUDING KOREAN CALLIGRAPHY, KOREAN TRADITIONAL AND MODERN MUSIC AND DANCING, KOREAN FOOD AND KOREAN HISTORY.

Appendix 2

The trustees of the Charity having had due regard to the Charity Commission's guidance on public benefit (including but not limited to the Commission's guidance on "Public benefit: the public benefit requirement" (PB1)) in the planning of the Charity's activities, the Charity has carried out the following key activities during the relevant period, in each case for the public benefit and towards the advancement of the Charity's charitable objects:

Free advisory support to "Hankyoreh" North Korean Saturday School

In the furtherance of the Charity's object to provide facilities and support for refugee and asylum seekers from North Korea who have need of such facilities due to their youth, financial hardship and/or social circumstances, the Charity is continuing to provide free advisory support to "Hankyoreh" North Korean Saturday School in order to help the Saturday School to apply to be a registered charity, so that the School can obtain third party funding more easily once it registers as a charity. This is continuing the work that the Charity has been focusing on during its previous financial year.

By way of background, the Saturday School seeks to provide North Korean children of all ages with the opportunity to improve their Korean skills, as many North Korean young people did not have the opportunity to receive proficient schooling and Korean language education when they were living under the North Korean regime. The Saturday School provides the opportunity for North Korean young people and their families to have a place in the community where they can meet regularly, learn together and socialise, and also encourages integration and communication with the local South Korean population as the Saturday School is open to anyone who wishes to attend, so a number of South Korean young people also attend the school. The young people attending the school are also given the opportunity to improve their confidence and enhance their sense of personal identity through developing their Korean skills. The Saturday School is entirely free to attend, and is run by volunteers, to ensure that financial circumstances do not deter any North Korean, South Korean or others to wish to learn from attending.

As Hankyoreh North Korean Saturday School has been able to locate other sources of funding, the Charity has not had to make any financial grants to support the activities of "Hankyoreh" North Korean Saturday School. As such, the Charity has focused its attention towards providing free advisory support

for the School to consider its future plans, particularly helping the School with progressing its application to become a registered charity in its own right, which will help to build the School’s profile and enable it to raise funding from third parties and other charitable organisations more easily.

Charity Name No (if any) Social Mission Institute 1172975 Receipts and payments accounts CC16a For the period Period start date Period end date To from 31-Dec-21

For the period Period start date To from 01-Jan-21

Section A Receipts and payments

Unrestricted Restricted Endowment funds funds funds

Total funds Last year

	Unrestricted funds	Restricted funds	Endowment funds	Total funds	Last year
A1 Receipts	to the nearest £ 200 - - - - - - - 200 - - - 200 - - - - - - - - - - - - - - 200 - £667 867	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	to the nearest £ 200 - - - - - - - 200 - - - 200 - - - - - - - - - - - - - - 200	to the nearest £
Donations	200				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	200				-

A2 Asset and investment sales, (see table).
	-
	-				-
~~*Sub total*~~	-				-
*Total receipts* A3 Payments
					-

None	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	-				-

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	200	-	-	200	-
	-	-	-	-	-
	£667	-	-	667	667
	867	-	-	867	667

CCXX R1 accounts (SS)

06/11/2022

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B5 Liabilities B3 Investment assets B2 Other monetary assets B4 Assets retained for the charity’s own use B1 Cash funds	Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Cash funds at bank account Details Details Details Signature	Unrestricted funds Restricted funds to nearest £ to nearest £ 867 - - - - - 867 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name Sung-Hyui Park	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
			30/10/2022

CCXX R2 accounts (SS)

06/11/2022