READING KOREAN CHURCH Registered number: 1180512 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 December 2024
The Trustees, who are also the directors of the company for the purposes of company law, present their
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Name: READING KOREAN CHURCH Charity Number: 1180512 Website: www.facebook.com/ReadingChurch Registered Address: C/O TYNDALE BAPTIST CHURCH, 2-4 CRESSINGHAM ROAD, READING
Trustees:
D. FINCH S CHO S. A. HILL
Banker: National Westminster Bank Plc
Reading Oracle, Natwest Reading
Independent Examiner: n/a
STRUCTURE, GOVERNANCE & MANAGEMENT
Governing Document
READING KOREAN CHURCH is a charitable company limited by guarantee, which was incorporated on and governed by its CIO - Association dated, 20 May 2019, as defined by the the Charities Act 2011 (The 2011 Act).
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
a) to advance the Christian faith in accordance with the Articles of Faith for the benefit of the Korean community and associated persons in Reading and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(b) to advance the education in the Christian faith of the Korean community and associated persons in Reading and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(c) to relieve persons who are in conditions of need or financial hardship or who are sick or in need and to relieve the distress caused thereby in Reading and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit;
(d) to promote and fulfil such other charitable purposes beneficial to the community in Reading and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
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READING KOREAN CHURCH Registered number: 1180512 TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31 December 2024
Activities
Reading Korean Church continued to provide a weekly worship service in Korean with English translation of the sermons. Outreach and evangelism resulted in a number of new families joining the church. Youth group and Sunday school classes were held during the main services. Pastor Nam-san Suh continued as Interim Pastor on a part-time basis.
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 £22759 (2023 was £30938). Expenditure was £18371 (2023 - £31841) resulting in net income of £4388.
APPROVAL
This report, which has been prepared in accordance with the provision in the Companies Act 2006 relating to small companies, was approved by the trustees on 30/08/2026 and signed on their behalf by:
S A HILL - Trustee
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Reading Korean Church 2024 Incorne General Offering Mission oifering GiftAid Deposit Return refunds Support from orher Churches Total 18869 20 2089.50 1200 580 22758.50 Reading Korean Church 2024 Expenditure StaffinE Mission Tyndale Payroll Annual Equip- support Bapiisi account report meni Church ine 4280 Fellowship Trans- Safeguard Insurance Miscelian Toial ing eous -11224.92 .240 -300 -500 -631.31 -515.11 -79.14 -190 -189.44 -221.25 -171.17 Reading Korean Church 2024 Summary of financial activities Unrestricted Fund5 Restricted Fund5 Total Income from: Voluntary Income Charitable Activities 22,759 22.759 22.759 22.759 Expenditure on: Charitable Activities 18,371 18,371 Net income lexpenditurel Transfers between funds 4,388 4,388 Net movement in funds 4,388 3.337 4.388 3,337 Total f unds brought forvvard Totslfunds carried forward 7.725 7.725