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2021-12-31-accounts

Sheffield Korean Church

Trustees’ report and financial statements

for the year ended 31 December 2021 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 £18611.59 during the year ended 31 Dec 2021. The charity organises Sunday worship services and emphasis was laid on increasing monthly donations and controlling costs.

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

2021 Annual Summary

Income

Income
Category January February March April May June July August September October November December 2021 Total Income
021
Income BudgTotal Income/Income Budget
Weeklyregular collections 15.00 20.00 20.00 26.00 37.00 27.00 22.00 188.90 190.20 138.13 91.50 42.80 818.53 4,500.00 18%
Tithe 670.00 405.00 405.00 190.00 960.00 710.00 200.00 1,280.00 455.00 370.00 505.00 715.00 6,865.00 15,000.00 46%
Thank offering 1,320.00 370.00 270.00 210.00 270.00 310.00 210.00 780.00 295.00 270.00 367.00 210.00 4,882.00 5,500.00 89%
Mission offering - - - - - - - - - - - - - 500.00 0%
Collection for flowers - - - - - - - - - - - - - 130.00 0%
Newyear - - - - - - - - - - - - - 150.00 0%
Easter - - - 130.00 - - - - - - - - 130.00 150.00 87%
Feast of Harvest - - - - - - - - 121.20 - - - 121.20 150.00 81%
Thanksgiving - - - - - - - - - - - - - 150.00 0%
Christmas - - - - - - - - - - - 150.00 150.00 150.00 100%
Bazaar - - - - - - - - - - - - - - 0%
Interst - - - - - - - - - - - - - - 0%
Others - 658.69 658.69 658.69 658.69 658.69 - 1,235.05 1,116.36 - - - 5,644.86 - 0%
Total 2,005.00 1,453.69 1,353.69 1,214.69 1,925.69 1,705.69 432.00 3,483.95 2,177.76 778.13 963.50 1,117.80 18,611.59 26,380.00 71%
Expense
Salary
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Salaryforpastor 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 10,800.00 10,800.00 100%
Service
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Lecture fee - - - - - - - - - - - - - 300.00 0%
Flower decoration - - - - - - - 15.00 15.00 15.00 15.00 15.00 75.00 180.00 42%
Sacramentspreparation - - - - - - - - - - - - - 50.00 0%
Ainnos team - - - - - - - - - - - - - 300.00 0%
Translation team - - - - - - - - - - - - - 100.00 0%
Education/Training
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Sundayschool - - - - - - - - - 68.31 - 88.40 156.71 1,000.00 16%
Youth - - - - - - - - - - - - - 200.00 0%
Youngadults - - - - - 55.19 - - - 21.07 116.87 35.14 228.27 500.00 46%
Trainingfor baptists - - - - - - - - - - - - - 50.00 0%
Trainingfor new comer - - - - - - - - - - - - - 150.00 0%
One-to-one discipleshiptraining - - - - - 57.35 - - - - - 47.08 104.43 1,725.00 6%
Seminar for teachers - - - - - - - - - - - - - 500.00 0%
Retreat
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Transportation - - - - - - - - - - - - - 500.00 0%
Accomodation - - - - - - - - - - - - - 200.00 0%
Missionary works
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Missionaryexpenses - - - - - - - - - - - - - 1,000.00 0%
Relief expenses - - - - - - - - - - - 30.06 30.06 200.00 15%
Events
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Church seasonal events - - - - - - - - - 47.64 - 25.30 72.94 200.00 36%
General events - - - - - - - - - 118.23 127.52 - 245.75 600.00 41%
Church anniversary - - - - - - - - - - 22.24 14.99 37.23 100.00 37%
Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others
Category January February March April May June July August September October November December 021 Total Expens0 21 Income Budg Total Income/Income Budg
Evangelical Holiness Church mem
-
- - - - 150.00 - - - - - - 150.00 150.00 100%
Korean-UK church membershipf e
100.00
- - - - - - - - - - 100.00 200.00 100.00 200%
Holidaybonus forpastor - - - - - - - - - - - 500.00 500.00 500.00 100%
Rent support forpaster 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 4,200.00 4,200.00 100%
Car allowance 412.42 100.00 100.00 100.00 100.00 415.00 100.00 100.00 100.00 100.00 100.00 100.00 1,827.42 1,900.00 96%
Reserve for retirement allowance 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 1,080.00 1,080.00 100%
Church insurance - - - - - - - 35.38 - - - - 35.38 442.90 8%
Accountant fee - - - - - - - - - - - - - 1,000.00 0%
Moneyin reserve 91.80 - - - - - - - - - - - 91.80 1,670.71 5%
1,958.61
1,454.39
1,454.39
1,454.39
1,454.39
2,031.93
1,454.39
1,755.10
1,815.32
1,964.93
1,891.63
2,598.32
21,287.79
Total imcome and expense
Category carried over fro
January
February March April May June July August September October November December Total Budget % Total/Budget
Monthlyincome 7,108.61 2,005.00 1,453.69 1,353.69 1,214.69 1,925.69 1,705.69 432.00 3,483.95 2,177.76 778.13 963.50 1,117.80 25,720.20 33,488.61 77%
Monthlyexpense 1,958.61 1,454.39 1,454.39 1,454.39 1,454.39 2,031.93 1,454.39 1,755.10 1,815.32 1,964.93 1,891.63 2,598.32 21,287.79 33,488.61 64%
Total excluding the carried over 18,611.59 26,380.00 71%
1,959
1,454
1,454
1,454
1,454
2,032
1,454
1,755
1,815
1,965
1,892
2,598
January
February
March
April
May
June
July
August
September
October
November December
Monthly expense
2,005
1,454
1,354
1,215
1,926
1,706
432
3,484
2,178
778
964
1,118
January
February
March
April
May
June
July
August
September
October
November December
Monthly income
-
500
1,000
1,500
2,000
2,500
3,000
1,959
1,454
1,454
1,454
1,454
2,032
1,454
1,755
1,815
1,965
1,892
2,598
January
February
March
April
May
June
July
August
September
October
November December
Monthly expense
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2,005
1,454
1,354
1,215
1,926
1,706
432
3,484
2,178
778
964
1,118
January
February
March
April
May
June
July
August
September
October
November December
Monthly income

----- Start of picture text -----
16,000
14,000
12,000
10,000
8,000
6,000
2021 Total Income
4,000
2021 Income Budget
2,000
-
----- End of picture text -----

----- Start of picture text -----
12,000
2021 Total Expense 2021 Budget 항목별 지출 % 10,000
Salary 10,800.00 10,800.00 50.7%
Service 75.00 930.00 0.4% 8,000
Education 489.41 4,125.00 2.3%
Retreat - 700.00 0.0% 6,000
Missionary 30.06 1,200.00 0.1%
2021 Total Expense
4,000
Events 355.92 900.00 1.7%
2021 Budget
General m 1,358.08 3,490.00 6.4%
2,000
Socials 94.72 300.00 0.4%
Others 8,084.60 11,043.61 38.0%
-
Total 21,287.79 33,488.61 100.0%
% Expense by category
Salary
Service
Education/Training
38.0%
Retreat
Missionary works
50.7%
Events
General management
Socials
6.4% Others
0.4%
0.1% [1.7%]
0.0%
2.3% 0.4%
----- End of picture text -----

Secretrary of Church KUG HYON SONG Date on 17 Jan 2022

Internal Audit 박은희 date 15 Jan 2022 Internal Audit 김은주 date 15 Jan 2022

2021 Annual Summary

Income

Income
Category January February March April May June July August September October November December 2021 Total Income
021
Income BudgTotal Income/Income Budget
Weeklyregular collections 15.00 20.00 20.00 26.00 37.00 27.00 22.00 188.90 190.20 138.13 91.50 42.80 818.53 4,500.00 18%
Tithe 670.00 405.00 405.00 190.00 960.00 710.00 200.00 1,280.00 455.00 370.00 505.00 715.00 6,865.00 15,000.00 46%
Thank offering 1,320.00 370.00 270.00 210.00 270.00 310.00 210.00 780.00 295.00 270.00 367.00 210.00 4,882.00 5,500.00 89%
Mission offering - - - - - - - - - - - - - 500.00 0%
Collection for flowers - - - - - - - - - - - - - 130.00 0%
Newyear - - - - - - - - - - - - - 150.00 0%
Easter - - - 130.00 - - - - - - - - 130.00 150.00 87%
Feast of Harvest - - - - - - - - 121.20 - - - 121.20 150.00 81%
Thanksgiving - - - - - - - - - - - - - 150.00 0%
Christmas - - - - - - - - - - - 150.00 150.00 150.00 100%
Bazaar - - - - - - - - - - - - - - 0%
Interst - - - - - - - - - - - - - - 0%
Others - 658.69 658.69 658.69 658.69 658.69 - 1,235.05 1,116.36 - - - 5,644.86 - 0%
Total 2,005.00 1,453.69 1,353.69 1,214.69 1,925.69 1,705.69 432.00 3,483.95 2,177.76 778.13 963.50 1,117.80 18,611.59 26,380.00 71%
Expense
Salary
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Salaryforpastor 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 900.00 10,800.00 10,800.00 100%
Service
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Lecture fee - - - - - - - - - - - - - 300.00 0%
Flower decoration - - - - - - - 15.00 15.00 15.00 15.00 15.00 75.00 180.00 42%
Sacramentspreparation - - - - - - - - - - - - - 50.00 0%
Ainnos team - - - - - - - - - - - - - 300.00 0%
Translation team - - - - - - - - - - - - - 100.00 0%
Education/Training
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Sundayschool - - - - - - - - - 68.31 - 88.40 156.71 1,000.00 16%
Youth - - - - - - - - - - - - - 200.00 0%
Youngadults - - - - - 55.19 - - - 21.07 116.87 35.14 228.27 500.00 46%
Trainingfor baptists - - - - - - - - - - - - - 50.00 0%
Trainingfor new comer - - - - - - - - - - - - - 150.00 0%
One-to-one discipleshiptraining - - - - - 57.35 - - - - - 47.08 104.43 1,725.00 6%
Seminar for teachers - - - - - - - - - - - - - 500.00 0%
Retreat
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Transportation - - - - - - - - - - - - - 500.00 0%
Accomodation - - - - - - - - - - - - - 200.00 0%
Missionary works
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Missionaryexpenses - - - - - - - - - - - - - 1,000.00 0%
Relief expenses - - - - - - - - - - - 30.06 30.06 200.00 15%
Events
Category January February March April May June July August September October November December 021 Total Expens021 Income BudgTotal Income/Income Budget
Church seasonal events - - - - - - - - - 47.64 - 25.30 72.94 200.00 36%
General events - - - - - - - - - 118.23 127.52 - 245.75 600.00 41%
Church anniversary - - - - - - - - - - 22.24 14.99 37.23 100.00 37%
Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others Others
Category January February March April May June July August September October November December 021 Total Expens0 21 Income Budg Total Income/Income Budg
Evangelical Holiness Church mem
-
- - - - 150.00 - - - - - - 150.00 150.00 100%
Korean-UK church membershipf e
100.00
- - - - - - - - - - 100.00 200.00 100.00 200%
Holidaybonus forpastor - - - - - - - - - - - 500.00 500.00 500.00 100%
Rent support forpaster 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 350.00 4,200.00 4,200.00 100%
Car allowance 412.42 100.00 100.00 100.00 100.00 415.00 100.00 100.00 100.00 100.00 100.00 100.00 1,827.42 1,900.00 96%
Reserve for retirement allowance 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 90.00 1,080.00 1,080.00 100%
Church insurance - - - - - - - 35.38 - - - - 35.38 442.90 8%
Accountant fee - - - - - - - - - - - - - 1,000.00 0%
Moneyin reserve 91.80 - - - - - - - - - - - 91.80 1,670.71 5%
1,958.61
1,454.39
1,454.39
1,454.39
1,454.39
2,031.93
1,454.39
1,755.10
1,815.32
1,964.93
1,891.63
2,598.32
21,287.79
Total imcome and expense
Category carried over fro
January
February March April May June July August September October November December Total Budget % Total/Budget
Monthlyincome 7,108.61 2,005.00 1,453.69 1,353.69 1,214.69 1,925.69 1,705.69 432.00 3,483.95 2,177.76 778.13 963.50 1,117.80 25,720.20 33,488.61 77%
Monthlyexpense 1,958.61 1,454.39 1,454.39 1,454.39 1,454.39 2,031.93 1,454.39 1,755.10 1,815.32 1,964.93 1,891.63 2,598.32 21,287.79 33,488.61 64%
Total excluding the carried over 18,611.59 26,380.00 71%
1,959
1,454
1,454
1,454
1,454
2,032
1,454
1,755
1,815
1,965
1,892
2,598
January
February
March
April
May
June
July
August
September
October
November December
Monthly expense
2,005
1,454
1,354
1,215
1,926
1,706
432
3,484
2,178
778
964
1,118
January
February
March
April
May
June
July
August
September
October
November December
Monthly income
-
500
1,000
1,500
2,000
2,500
3,000
1,959
1,454
1,454
1,454
1,454
2,032
1,454
1,755
1,815
1,965
1,892
2,598
January
February
March
April
May
June
July
August
September
October
November December
Monthly expense
-
500
1,000
1,500
2,000
2,500
3,000
3,500
4,000
2,005
1,454
1,354
1,215
1,926
1,706
432
3,484
2,178
778
964
1,118
January
February
March
April
May
June
July
August
September
October
November December
Monthly income

----- Start of picture text -----
16,000
14,000
12,000
10,000
8,000
6,000
2021 Total Income
4,000
2021 Income Budget
2,000
-
----- End of picture text -----

----- Start of picture text -----
12,000
2021 Total Expense 2021 Budget 항목별 지출 % 10,000
Salary 10,800.00 10,800.00 50.7%
Service 75.00 930.00 0.4% 8,000
Education 489.41 4,125.00 2.3%
Retreat - 700.00 0.0% 6,000
Missionary 30.06 1,200.00 0.1%
2021 Total Expense
4,000
Events 355.92 900.00 1.7%
2021 Budget
General m 1,358.08 3,490.00 6.4%
2,000
Socials 94.72 300.00 0.4%
Others 8,084.60 11,043.61 38.0%
-
Total 21,287.79 33,488.61 100.0%
% Expense by category
Salary
Service
Education/Training
38.0%
Retreat
Missionary works
50.7%
Events
General management
Socials
6.4% Others
0.4%
0.1% [1.7%]
0.0%
2.3% 0.4%
----- End of picture text -----

Secretrary of Church KUG HYON SONG Date on 17 Jan 2022

Internal Audit 박은희 date 15 Jan 2022 Internal Audit 김은주 date 15 Jan 2022