## 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**