Registered number 09793223
UK IMMANUEL REMNANT CHURCH
Annual Report and Unaudited Financial Statements
30 September 2023
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 2023
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 2023.
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, United Registered Address: Kingdom, SM4 4SP Website Address: http://www.ukimmanuelchurch.com/ Trustees: Sul-Hui LEE (appointed on 13/09/2023) Kyung Ah PARK (appointed on 13/09/2023) 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 2023
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 £46,319 (2022: £35,261), all from donations. Expenditure was £52,187 (2022: £54,438) resulting a net loss of £5,868 (Net loss in 2022: £19,177).
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 30 /09/2024 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 2023 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
30 September 2024
3
UK IMMANUEL REMNANT CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 September 2023
| 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 2023 2022 |
|---|---|---|
| 2 3 4 5 |
£ £ £ £ 46,174 145 46,319 35,260 - - - - - - - - |
|
| 46,174 145 46,319 35,260 |
||
| 52,187 - 52,187 54,437 |
||
| (6,013) 145 (5,868) 19,177 - - - - - |
||
| (6,013) 145 (5,868) 19,177 - 8,729 55 8,784 27,961 |
||
| 2,716 200 2,916 8,784 |
4
UK IMMANUEL REMNANT CHURCH Registered number: Balance Sheet as at 30 September 2023
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 2023 2022 |
Unrestricted Restricted Total Total Funds Funds 2023 2022 |
|---|---|---|---|
| 8 6 7 5 5 |
£ £ £ £ 5,460 - 5,460 6,823 |
||
| 5,460 - 5,460 6,823 |
|||
| 5,516 145 5,661 8,456 |
|||
| 5,516 145 5,661 8,456 |
|||
| 8,205 - 8,205 6,495 |
|||
| (2,689) 145 (2,544) 1,961 |
|||
| 2,771 145 2,916 |
8,784 | ||
| - - - |
- | ||
| 2,771 145 2,916 |
8,784 | ||
| - 145 145 2,771 - 2,771 |
55 8,729 |
||
| 2,771 145 2,916 |
8,784 |
The trustees (who are also the directors of the company for the purposes of company law) confirmed that for the year ended 30 September 2022:
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 September 2024 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 2023
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 | 2023 | 2022 | |
| £ | £ | £ | ||
| Donation for Building | 145 | 145 | 55 | |
| Donation for General | 5,702 | - | 5,702 | 16,739 |
| Donation for Missionary | 125 | 125 | 141 | |
| Donations- Thanks | 7,570 | 7,570 | 2,345 | |
| Offering | 9,266 | 9,266 | 9,150 | |
| Tithe | 23,511 | 23,511 | - | |
| Ukrain Refugee | - | - | - | 4,830 |
| Gift Aid | - | - | - | 2,000 |
| 46,174 | 145 | 46,319 | 35,260 | |
| Income from Charitable Activities | ||||
| Unrestricted | Restricted | Total | Total | |
| Funds | Funds | 2023 | 2022 | |
| £ | £ | |||
| Charity Event | - | - | - | - |
| Others | - | - | - | - |
| - | - | - | - | |
| Total Income: | 46,174 | 145 | 46,319 | 35,260 |
3 Income from Charitable Activities
6
UK IMMANUEL REMNANT CHURCH Notes to the Financial statements FOR THE YEAR ENDED 30 September 2023
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 - Bank charges - Council Tax 1,584 Depreciation 1,364 Donation 1,371 Education Support 2,770 Europe United Mission Association -Membership Fee 533 Insurance 351 Light and heat 3,852 Management fees 35 Mission Support 1,473 Missionary Expenses 1,553 Motor expenses 3,811 Pensions 1,200 Postage 178 Rent 12,500 Repairs and maintenance 196 Service charges 300 Staff training & welfare 100 Stationery and printing 404 Sundry - Travel and subsistence 5,412 Wages and salaries 13,200 52,187 - Total Costs: 52,187 - Total Profit/Loss Movements in funds As at Incoming 31/09/2022 Resources Unrestricted funds £ £ General fund 8,729 46,174 Restricted funds 55 145 Total Funds 8,784 46,319 Cash at bank and in hand Unrestricted Restricted Funds Funds £ Cash at bank 5,516 145 Cash in hand - - 5,516 145 Creditors and Accruals Mr Park - Pastor's Loan Net Wages PAYE and NI Pension |
Total Total 2023 2022 |
|
| £ - - |
£ - - |
||
| - - |
- - |
||
| - - 1,584 1,364 1,371 2,770 533 351 3,852 35 1,473 1,553 3,811 1,200 178 12,500 196 300 100 404 - 5,412 13,200 |
- - - 66 1,584 - 1,364 1,706 1,371 750 2,770 - 533 - 351 1,410 3,852 3,081 35 35 1,473 3,880 1,553 - 3,811 6,310 1,200 1,200 178 2,221 12,500 15,040 196 870 300 1,694 100 - 404 - - 75 5,412 2,899 13,200 13,200 |
||
| 52,187 - |
52,187 54,437 |
||
| 52,187 - |
52,187 54,437 |
||
| As at Incoming 31/09/2022 Resources |
|||
| (5,868) (19,177) |
|||
| Outgoing As at Resources 30/09/2023 |
|||
| £ £ 8,729 46,174 |
£ £ 52,187 2,716 |
||
| 55 145 |
- 200 |
||
| 8,784 46,319 |
52,187 2,916 |
||
| Total Total 2023 2022 |
|||
| £ 5,516 145 - - |
£ £ 5,661 5,661 - 2,795 |
||
| 5,516 145 |
5,661 8,456 |
||
| Total Total 2023 2022 |
|||
| ££ 7,168 6,254 691 208 100 33 246 - |
|||
| 8,205 6,495 |
7
UK IMMANUEL REMNANT CHURCH Notes to the Financial statements FOR THE YEAR ENDED 30 September 2023
8 Tangible Fixed Assets
| Cost At 01.10.2022 Addition Cost at 30.09.2023 Depreciation At 01.10.2022 Charge for the period Depreciation at 30.09.2023 Net Book Value At 01.10.2023 At 01.10.2022 |
Total £ £ £ 2,525 17,543 20,068 - - - 2,525 17,543 20,068 1,091 12,153 13,244 286 1,078 1,364 Equipments Vehicles |
|---|---|
| 1,377 13,231 14,608 |
|
| 1,148 4,312 5,460 |
|
| 1,434 5,390 6,824 |
8