Registered number 09793223
UK IMMANUEL REMNANT CHURCH
Annual Report and Unaudited Financial Statements
30 September 2021
UK IMMANUEL REMNANT CHURCH Report and Accounts Contents
| Page | |
|---|---|
| Trustee's Report | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Accounts | 6 |
UK IMMANUEL REMNANT CHURCH Registered Number: 09793223 TRUSTEE'S ANNUAL REPORT FOR THE YEAR ENDED 30 September 2021
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 September 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name: UK IMMANUEL REMNANT CHURCH Company No.: 09793223 Charity Number: 1175328 Morden Park Baptist Church, Lower Morden Lane, Modern, Surrey, Registered Address: United Kingdom, SM4 4SP Website Address: http://www.ukimmanuelchurch.com/
Trustees: Jeong Woo RYU Hyun Ok YOUN Young Hee YU
1 Churchill Place, London, E14 5HP, Banker: Barcalys Bank PLC United Kingdom Unit 2, 5 & 6 Second Floor, 3941 High Independent Examiner: Kye S Yin (FCCA, AAIA, MAAT) Street, New Malden, Surrey, England, KT3 4BY
STRUTURE, GOVERNANCE & MANAGEMENT
Governing Document
UK IMMANUEL REMNANT CHURCH is a charitable company limited by guarantee, which was incorporated on and governed by its Articles of Association dated, 24 September 2015, 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 faith and the worship of god in the United Kingdom and overseas 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 in London Holding of prayer meetings and public owrship to the public Providing financial support and missionary to the Church at Philippines
1
UK IMMANUEL REMNANT CHURCH Registered Number: 09793223 TRUSTEE'S ANNUAL REPORT
FOR THE YEAR ENDED 30 September 2021
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 £32,626 (2020: £33,166), all from donations. Expenditure was £32,263(2020: £31,889) resulting a net profit of £362 (Net profit in 2020: £1,277).
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 29/09/2022 and signed on their behalf by:
Young Hee YU Director/Trustee
2
UK IMMANUEL REMNANT CHURCH INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF UK IMMANUEL REMNANT CHURCH
I report on the accounts of UK IMMANUEL REMNANT CHURCH for the year ended 30 September 2021 which are set out on pages 4 to 7.
Respective Responsibilities of Trustees and Examiner
The Charity's trustees, who are also the directors of UK IMMANUEL REMNANT CHURCH for the purposes of company law, are responsible for the preparation of the accounts. The Charity'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 examinaiton 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 explanantions 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:
-
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
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kye S Yin (FCCA, AAIA, MAAT)
Unit 2, 5 & 6, Second Floor 3941 High Street New Malden, Surrey, England KT3 4BY
29 September 2022
3
UK IMMANUEL REMNANT CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 September 2021
| Income from: Donations Charitable Activities Investments (Bank Interest) 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 2021 2020 |
|---|---|---|
| 2 3 4 5 |
£ £ £ £ 59,782 5 59,787 32,626 - - - - - - - - |
|
| 59,782 5 59,787 32,626 |
||
| 32,906 - 32,906 32,264 |
||
| 26,876 5 26,881 362 - - - - |
||
| 26,876 5 26,881 362 230 850 1,080 718 |
||
| 27,106 855 27,961 1,080 |
4
UK IMMANUEL REMNANT CHURCH Registered number: Balance Sheet as at 30 September 2018
09793223
| 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 within one year Provisions for liabilities and charges Net Assets Funds of the Charity Restricted funds Unrestricted funds Total Funds |
Notes | Unrestricted Restricted Total Total Funds Funds 2021 2020 |
Unrestricted Restricted Total Total Funds Funds 2021 2020 |
|---|---|---|---|
| 8 6 7 5 5 |
£ £ £ 7,745 - 7,745 |
£ 8,683 |
|
| 7,745 - 7,745 |
8,683 | ||
| 26,515 - 26,515 |
3,064 | ||
| 26,515 - 26,515 |
3,064 | ||
| 6,299 - 6,299 |
10,667 | ||
| 20,216 - 20,216 |
7,603 | ||
| 27,961 - 27,961 |
1,080 | ||
| - - - |
- | ||
| 27,961 - 27,961 |
1,080 | ||
| - 5 5 27,956 - 27,956 |
230 850 |
||
| 27,956 5 27,961 |
1,080 |
The trustees (who are also the directors of the company for the purposes of company law) confirmed that for the year ended 30 September 2020:
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 25th June 2020 and signed on their behalf by:
Young Hee YU
Director/Trustee
5
UK IMMANUEL REMNANT CHURCH Notes to the Financial statements for the year ended 30 September 2018
1 Accounting policies
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, the Companies Act 2006, Accounting & Reporting by Charities: Statement of Recommended Practice (Charties SORP FRS102).
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.
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.
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.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Funding Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 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.
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.
2 Income from donations
| Income from donations | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | ||
| Donation for Building | - | 5 | 5 | 230 |
| Donation for General | 18,397 | - | 18,397 | 16,041 |
| Donation for Missionary | 860 | 860 | 1,550 | |
| Donations Thanks | 715 | 715 | 4,290 | |
| Offering | 25,660 | 25,660 | - | |
| Other Operating Income | 8,457 | 8,457 | - | |
| Tithe | 5,693 | - | 5,693 | 10,515 |
| Gift Aid | - | - | - | - |
| 59,782 | 5 | 59,787 | 32,626 | |
| Income from Charitable Activities | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2021 | 2020 | |
| £ | £ | |||
| Charity Event | - | - | - | - |
| Others | - | - | - | - |
| - | - | - | - | |
| Total Income: | 59,782 | 5 | 59,787 | 32,626 |
- 3 Income from Charitable Activities
6
UK IMMANUEL REMNANT CHURCH Notes to the Financial statements for the year ended 30 September 2018
4 Expenditure on Charitable Activities
| 4 | Expenditure on Charitable Activities | Expenditure on Charitable Activities | |
|---|---|---|---|
| 5 6 7 |
Unrestricted Restricted Funds Funds £ Direct Costs Charitable Activities - - - - Support Costs Advertising and PR 197 - Bank charges - Cleaning 30 Depreciation 1,936 Education Support - - Employers NI 703 - Europe United Mission Association Membership Fee 528 - Insurance 2,187 - Light and heat 1,655 - Management fees 65 - Mission Support 3,464 - Missionary Expenses 900 - Motor expenses 3,094 - Pensions 1,200 - Postage 610 - Rent 1,440 - Repairs and maintenance 275 - Stationery and printing - - Travel and subsistence 1,422 - Wages and salaries 13,200 32,906 - Total Costs: 32,906 - Total Profit/Loss Movements in funds As at Incoming 31/09/2020 Resources Unrestricted funds £ £ General fund 850 59,782 Restricted funds 230 5 Total Funds 1,080 59,787 Cash at bank and in hand Unrestricted Restricted Funds Funds £ Cash at bank 26,515 - Cash in hand - - 26,515 - Creditors and Accruals Trade creditors: Vokswagen Accruals Mr Park Pastor's Loan PAYE and NI Pension |
Total Total 2021 2020 |
|
| £ - - |
£ - - |
||
| - - |
- - |
||
| 197 - - 30 1,936 - - 703 - 528 - 2,187 - 1,655 - 65 - 3,464 - 900 - 3,094 - 1,200 - 610 - 1,440 - 275 - - - 1,422 - 13,200 |
197 - - 71 30 - 1,936 2,170 - 300 703 - 528 - 2,187 995 1,655 2,544 65 - 3,464 3,360 900 1,622 3,094 1,706 1,200 1,200 610 270 1,440 1,440 275 - - 440 1,422 2,948 13,200 13,200 |
||
| 32,906 - |
32,906 32,266 |
||
| 32,906 - |
32,906 32,266 |
||
| As at Incoming 31/09/2020 Resources |
|||
| 26,881 360 |
|||
| Outgoing As at Resources 30/09/2021 |
|||
| £ £ 850 59,782 |
£ £ 32,906 27,726 |
||
| 230 5 |
- 235 |
||
| 1,080 59,787 |
32,906 27,961 |
||
| Total Total 2021 2020 |
|||
| £ 26,515 - - - |
£ £ 26,515 3,064 - - |
||
| 26,515 - |
26,515 3,064 |
||
| Total Total 2021 2020 |
|||
| ££ - 2,222 - - 6,253 6,869 46 1,576 - - |
|||
| 6,299 10,667 |
7
UK IMMANUEL REMNANT CHURCH Notes to the Financial statements for the year ended 30 September 2018
8 Tangible Fixed Assets
| Cost At 01.10.2020 Addition Cost at 30.09.2021 Depreciation At 01.10.2020 Charge for the period Depreciation at 30.09.2021 Net Book Value At 01.10.2021 At 01.10.2020 |
Total £ £ £ 742 17,543 18,285 999 - 999 1,741 17,543 19,284 481 9,122 9,603 252 1,684 1,936 Equipments Vehicles |
|---|---|
| 733 10,806 11,539 |
|
| 1,008 6,737 7,745 |
|
| 261 8,421 8,682 |
8