## Sheffield Korean Church Trustees’ report and financial statements for the year ended 31 December 2020 Charity number: 1180549 ## **Structure, governance and management** Sheffield Korean Church is a registered charity and is governed by its own constitution. The operational management of the organisation’s day to day activities are delegated to trustees. ## **Objectives and activities** The main object of the Company is: To advance the Christianity religion in UK for the benefit of the public through the holding of prayer meeting, lectures, Worship and public celebration of religious festivals producing and distributing literature on Christianity to enlighten others about the Christianity. ## **Achievements and performance** The Charity has performed fairly well collecting £19,883.68 during the year ended 31 Dec 2020. The charity organises Sunday worship services and emphasis was laid on increasing monthly donations and controlling costs. Funds generated via regular donations totaled £19,883.68 up to year ended 31 Dec 2020 which is 65% less than last year due to the Covid 19 Pandemic issue and reduced many Korean students and families. There was a deficit during the current year of £2,177.46 Focus is to maintain and where possible to increase donation receipts. ## **Statement of trustees' responsibilities** The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the trustees are required to: select suitable accounting policies and then apply them consistently; observe the methods and principles in the Charities SORP; make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993 and the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. On behalf of the Trustees ## 박정현 **Jung Hyun Park** **Trustee** |**SHEFFIELD KOREAN CHURCH**||**1180549**|| |---|---|---|---| |**Receipts andpayments accounts**|||**CC16a**| |**01/01/2020**
**For the period**
**from**|**To**|**31/12/2020**|| ## **Section A Receipts and payments** |**A1 Receipts**|**Unrestricted**
**funds**
**to the nearest**
**£**
**19,884**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**19,884**
**-**
**-**
**-**
**19,884**|**Unrestricted**
**funds**
**to the nearest**
**£**
**19,884**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**19,884**
**-**
**-**
**-**
**19,884**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Restricted**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Endowment**
**funds**
**to the nearest £**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Total funds**
**to the nearest £**
**19,884**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**19,884**
**-**
**-**
**-**
**19,884**
**0**
10,700.00
705.00
5,388.00
0.00
612.17
0.00
0.00
0.00
880.14
0.00
107.92
594.00
0.00
1,990.36
1,197.55
**-**
**-**
**-**
**-**
**-**
**22,175**
**-**
**-**
**22,175**
**0**
**0**|**Total funds**
**to the nearest £**
**19,884**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**19,884**
**-**
**-**
**-**
**19,884**
**0**
10,700.00
705.00
5,388.00
0.00
612.17
0.00
0.00
0.00
880.14
0.00
107.92
594.00
0.00
1,990.36
1,197.55
**-**
**-**
**-**
**-**
**-**
**22,175**
**-**
**-**
**22,175**
**0**
**0**|**Last year**
**to the nearest £**| |---|---|---|---|---|---|---|---|---|---| ||**19,884**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| ||**-**||||||||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**19,884**||||||||**-**| ||||||||||| |**A2 Asset and investment sales,**
**(see table).**|||||||||| ||**-**||||||||| ||**-**||||||||**-**| |**_Sub total_**|**-**||||||||**-**| |**_Total receipts_**
**A3 Payments**|||||||||| ||||||||||**-**| ||||||||||| ||**0**||**-**||**-**||**0**||**-**| |Wages, salaries and other staff costs
10,700.00
Car, van and travel expenses
705.00
Rent, rates, power and insurance costs
5,388.00
Repairs and renewals of property and e
0.00
Telephone, fax, stationery and other of
612.17
Advertising and business entertainmen
0.00
Training & development
0.00
Equipment expensed
0.00
Subscription
880.14
Bank, credit card and other finance cha
0.00
PAYE taxes
107.92
Accountancy
594.00
Legal and other professional fees
0.00
Meals & subsistance
1,990.36
Savings set aside
1,197.55
**-**
**-**
**-**
**-**
**-**
**_Sub total_**
**22,175**
**A4 Asset and investment**
**purchases, (see table)**
**-**
**-**
**_Sub total_ 22,175**
**_Total payments_**
**0**
**_Net of receipts/(payments)_**
**0**
**A5 Transfers between funds**
**-**
**A6 Cash funds last year end**
**-**
**_Cash funds this year end_**
**- 2,291**|||**-**||**-**||||**-**| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||**-**||**-**||||**-**| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||||||||| ||||**-**||**-**||||**-**| ||**-**||**-**||**-**||||**-**| ||**-**||**-**||**-**||||**-**| ||**-**||**-**||**-**||||**-**| ||**-**||**-**||**-**||||**-**| ||**-**||**-**||**-**||||**-**| |**_Sub total_**|**22,175**||**-**||**-**||||**-**| ||||||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||||||| ||**-**||||||||| ||**-**||||||||| |**_Sub total_ **|**22,175**||||||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||||||| ||||||||||**-**| ||||||||||| ||**0**||**-**||||**0**||**-**| ||**-**||**-**||||**-**||**-**| ||**-**||**-**||||**-**||**-**| ||**- 2,291**||**-**||||**- 2,291**||**-**| CCXX R1 accounts (SS) 27/10/2021 1 ## **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))
BAND EQUIPMENT
SAVINGS SET ASIDE
SAVINGS SET ASIDE THIS YEAR
**Details**
**Details**
**Details**
ACCOUNTANCY FEE
Signature
**JUNGHYUN PARK**|**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**7,221**
**-**
**829**
**-**
**1,198**
**-**
**9,248**
**-**
Agreement Error
OK
**Unrestricted**
**funds**
**Restricted**
**funds**
**to nearest £**
**to nearest £**
**1,580**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**asset belongs**
**Cost (optional)**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**Fund to which**
**liability relates**
**Amount due**
**(optional)**
960
**-**
**-**
**-**
**-**
**-**
Print Name
**JUNGHYUN PARK**|**Endowment**
**funds**
**to nearest £**| |---|---|---|---| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||OK| ||||**Endowment**
**funds**
**to nearest £**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**Current value**
**(optional)**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**-**| ||||**When due**
**(optional)**| ||||| ||||| ||||| ||||| ||||| ||||| ||||Date of
approval| ||**JUNGHYUN PARK**|**JUNGHYUN PARK**|**27/10/2021**| ||||| CCXX R2 accounts (SS) 27/10/2021 2