REGISTERED CHARITY NUM8ER: 11807x1 of th8 Trus Unaudited Finan ents for th8 Y88r End8d 31 D 22 MISSION Lee & Capit21 Partners Ltd Chartered Cerbfied Accountsnts 25 South Lane New Malden SUT KT3 SHU nts of th eYearE emen ber 2022 ed31 D Page Report ofthe Trustees 1 to 2 Independent Examinees Re￿rt ststernent of Financol Athwties Balance Sheet Notes to the Finanoal Ststements 6 to 9 Detaikd Statementof Financial ALlivities 10 IL MISSION rt of the Trus Year En ees r 2022 The tru5tee3 present their rep￿t with the financial statements ol th8 charity for th8 year ended 31 De￿mber 2022 Thp trustees have aclopted the prowsions of Accounting and RewrtirvJ by Ch8rilE$." Statement of Recunmended Practice applicable to charities preparing their accounts in accordan￿ with the Financial Reporting StarKlard applicable in the UK and Rapublic of Ireland IFRS 1021 leffactive 1 January 20191. OBJECTIVES AND ACTIVITIES Objectives and aims, and prlnclpal activitles The objective and prinripal acb.wty of the charity is the advan￿ment of the Christian religion, for the public b8n8fit, tt)rough laitt)-based actiwlies. Including congregations, cèll groups, youth development, Day school, and other charrtable aCtiV￿e$. stst•mont of Public l)gn¢flt The Board of Trustees cnnfirm that they have rA)mplied with their duty lo have due ward to the gu￿anCe on the public betEfit pub115hed by the Charity Cornrnission in exercusing Iheir powers or dutses. FINANCIAL REVIEW Flnancial Positioa and Rwrvgs Polley Totsl Income re￿ived forthe year amounted to £15,49412021.. NIL), which is the total incoming resour￿. Total expenditure amountèj ID £10.983 12021"£2501 that left net Inconing ￿$Our￿ for the peri(￿ of £4.511 12021:_£25Qknet outgoingl. The trustee applied and shall eontinue lo apply acoJmulations of income to charitab18 causes after making such provision for all expenditure on twst. Golng Concern After making appropriate enouines, the trustees have a r8asonable exr&ation that the charity ha5 adequate resou￿$ to continue in operational exi8tene8 for the foreseeable ￿ture. For this reason. they continug lo adopt lh8 going con￿r￿ basi5 in preparing the finantsal statements. STRUCTURE. GOVERNANCE AND MANAGEMENT Goveming document The d)anty Is wntrol￿d by its governing dooJment, a deed tsftrust dated 16 November 2018. Rglatsd partye8 The charity has aMsidered the disclosu￿ requirerrents of the SORP for the relat8d party relation5hip$. The charity has no reL7ted party ¢onnethons with other organizstions. The trustees CL)nsider tt)at the members of the board and th&r dose con￿CtiOnS to the only related p8rbes of the chanty. REFERENCE ANO ADMINISTRATIVE DETAILS Regl&tered Charlty number 1180730 Principal address 60 H￿h Street New Mélden Surrey i(r3 4EZ Tru8tse8 M5 E Choi Ms H Hvdng MsJLee Independent Examiner Byunghun Lee Lee & Cspitsl Partn8rs Ltd Chartered Certsfied A￿untants 2S South Lan+ New M8lden Surr8y KT35HU Page I AKvov*J by c*dw ofthe of trusl88S 30 0(knb8r2023 a￿1 Si￿e￿ ￿ its bel￿f ty. Ms H HwaThJ . Tn￿ts8 IndcLendenl Ex GIL MISSIUN Independènt examin?rf8 rèport to Ihg tru#tee8 ofGIL M1&810N I report to the chanty Irustaes on my exsminatson of thè accounts ol GIL MISSION Itha Trust) for th8 y8ar ènded 31 D￿Mber2022. Re8pon8lbllltl•s and basis of report As the charty trustees of the Trust you are responsible for the preparation of the accounts in accord8n¢e with th6 requirements ol tt)è Charitsos Act 20111'the ACVI. I r8POrt in raspect of my 8x8mination of tho Trujt's accounts carried out un¢Jer S8Ction 145 of the Aci and in rarying out my examinats'on I have followad 811 appl￿b￿ Direcbons given by the Charity Commission under Sectson 14515llbl olth8 Act Indeponilont 8xamlno¢• Btatement I have ￿Mpleted my examin8lion. I confirm Ihai no material matters h8v8 ￿rne to my 8tt8nts.on in eoM8ction wrth th8 examin81ion giving me r2use lo ￿￿lIeVe that In 8ny materi81 r8SP8Ct. a¢0￿nting re￿r￿S were not kept in respect olth8 Trust as raquir*l by S8Ction 130 ofthe Act, or the 8ccouni$ do not accord with those tycord$', or th• accounts do not ￿mplY with the applicab￿ requirem8nts conceming tha fom and content of accounts 8et out In the Ch8rIti￿ IAccount9 and Reports) Regulations 2008 other than any requirement th8t the ac￿unIS giv6 8 true and lair view which 1$ not a matter con514effjd as part ofan independent examin8ti0n. I have no conc8rn8 and hav8 CO￿ a¢rw no oth8r mattsr8 In connection wlh th• ax8mlnatk?n lo which atl8ntlon shoukl be dfawn in thi¥ report in orderto enabb a propgr un(Jerstsnding ofthe ac¢ounts to b8 ￿8¢hed Byunghun L¢¢ L88 & Capil81 Partners Ltd Ch8rtered Certified Aeeountsnis 25 South Lang New Maldgn Sur KT3 SHU 30 Oetobèr 2023 Pag¢ 3 GILM SSION Statement of Financial Aciiviiies for Ih Year En ed31D em 022 31.12.22 Un￿StrICted fijnd 31.1221 Total funds INCOME AND ENDOVIMENTS FROM Donations and legaaes 13,879 Other trading acbwties 1.615 Total 15,494 EXPENDITURE ON Charitsblè activitie$ charitab￿ activities 10.983 250 NET INCOMEIIEXPENDITUREI 4.511 12501 RECONCILIATION OF FUNDS Ttstal funds brought forward .940 3,190 TOTAL FUNDS CARRIED FORWARD 7,451 2.940 The notes fomi part tsf th¢5¢ financial statements Page 4 31.1222 31.1221 Totsl fund FIXED ASSErs Tangtlle assets 2.802 CURRENT ASSETS Cash al bank 5.549 CREoFfoRS Anw)Jnts faliro du8 Withln one 14501 NEf CURREln ASSETS 4.849 7.451 7.451 FUNDS Unr8stiicted fvnds 7,451 TOTAL FUNDS 7A51 5&JNI on 115 behaw b￿. J￿.Tr￿t The forttt p8rt of these finattciaj $tBtemcnts MISSION Notes to the Financial Statements for th Year Ended 31 Decem er20 ACCOUNTING POLICIES Bas1$ of preparing the finan¢lal $tatem•nts The financial statements of the ch8rity. whicl) a public benefit entty under FRS 102. h8ve be8n ryepated in accordance with the CharitKgs SORP IFRS 1021 'AccLiuntino and Reporting by Charities.. Statement of Rewmrnended PractiTr applicab￿ lo chaiities prepanng their accounts in accordance Nwlh the Financial Rewrbng Standard applicable in the UK and Republic of I￿land IFRS 1021 (effective 1 January 20191., Financial Reporting Stsndard 102 'The Financial Reportyng Standafcl applicable in Y)e UK and Republic of Ir818nd' and the Charrties A¢t 2011. The finanGial statement5 have been p￿pared underlhe histori￿1 ￿$t conwnknon. Income All In¢om8 1$ recogn￿ in th8 Statèment of Financ4al ActNrtBs onc8 the chanty has ent￿ement to th• funds, It 15 probab￿ thatthe inctsne will be [S￿1Ved the amount can iE measured r81iably. Expendlture Liabilities are reiwnisèd as expenditure as 8ODn as Ih8r8 1$ a legal or constructive obligation comrnitbng the charity to that expènditure, it Is probsble that a transfer of economic L￿nefitS will be required in S8￿ement ano the arnount of the obligation can measur8d reliably. Exwnditure i8 accounted lor on an acrJu81$ ba515 and has been classified under headings that aggwate all cost rela18d to tt)e category. ￿where costs cannot be directly attribut8d lo particular h88dings they have been allocated to aclDirt*s on a b8SlS COnSStÈnt with the use of resources. TangFbl8 fixed assets Depieaation is p￿Vided at the following annual ratss in orderto write off each 8ssetover its estimated usehjl life Pknt & machinery." 2￿ on redvring ￿lanc* basis Fmtures & fitting5." 20% on ￿￿u￿n9 balan￿ ba51S Taxation The charity is exempt from tsx its ¢hantab18 actiwties. Fund accounting Unrestricted fund5 csn be In accordance wrth the charitab18 obi*tyves at the discretion of lh8 trust888. R88tric*ed funds can ￿lY be used for particular restritted purposes within the objects of the charity. RestrKtions 8rise when speufied by the Ibnor or when fijnds are raised for parti(xJlar restricted purpose$. Furttrtr e¥plan3tion of the natu￿ and pU￿oSe of each fund is included in tre notes to the financial statements. OTHER TRADING ACT[V￿lEs 31.12.22 31.12.21 Tuition f88s 1.615 TRUSTEES, REMUNERATION AND BENEFITS The￿ were no tru3te8s' rernUnerat￿n or other beneffts for ths y8ar 31 Dec8rnber 2022 nor for Ihe year 8nd8d 31 Oecember 2021. Tru8te88' eX￿rI$￿J There no tru5tees' expenses paKI for the year ended 31 D8C8mb8r 2022 nor for the year ended 31 D￿rntser 2021 P4g¢ 6 ntinued... IL N les io the Financial Statement - continued ror ey Ende tmber 2022 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES Unrestricted fund EXPENDITURE ON Charttsb￿ actl¥ltl•8 Charitable actiwtses 250 NET INCOMEIIEXPENDITUREI 12501 RecoNCILIATION OF FUN[)8 Total funds brought fo￿ard 3.1 TOTAL FUNDS CARRIED FORWARD 2,940 TANGIBLE FIXED ASSETS Fixtures Plani and niaLhinery Tuth15 COST Additions 2,737 765 OEPRECIATION char￿ lor year $47 153 700 NET 800K VALUE Al 310gcembèr 20 2,1 612 Al 31 D•c4mber2021 CREDITORS: AMOUNTS FALLING DUE YIITHIN ONE YEAR 31.1222 31. 12.21 Olhor ttodilor8 450 VEMENT IN FUNOS Net movement in fund5 Al 31.12.22 Ai 1.1.22 Unr88trt¢t?d fund• G9￿ra1 fund 2,940 4.511 7.451 TOTAL FUNDS 2,940 4,511 7,451 Page 7 continued... Nores 10 the Financial Siatements- continued for Ih Year En 31 D mber MOVEMENT IN FUNDS. contlnued Nel moven7ent In fvnds, ind￿e1 In the abov6 are as follows.. Incomtng resources Resourc expended Movement in funds Unrestrictsd funds Genetsl funcl 15.494 110.9831 4.511 TOTAL FUNDS 15,494 110,9831 4.511 Cornparntlv•s for movement In fund8 Net mov¢tn¢nt in fijnds At At 1.1.21 Unrestrf¢ted funds General fund 3.1 12501 2.940 TOTAL FUNDS 3, 190 12501 2,940 Comparative net movement In funds. induded in thg above a￿ as follow5.. Incomin8 Te50urces Re5(>urce5 expended Movement in funds Unrg¥trfctod funds Gereral fund 12S)I 129)) TOTAL FUND5 I2￿) 12501 A current year 12 months and prior year 12 months wmbined kN)5rtion 15 a5 follows Net movernent in fvnds At 31.12.22 At 1.1.21 Unr9st￿¢1¢d fund• Ge￿ra1 furKI 3.1 4.261 7.451 TOTAL FUNDS 3.1go 4.261 7.451 Page 8 ¢ontinued... MISSI N ies lo th Financ r the Year End I Siaiements- 31 D mber ntinue 22 MOVEMENT IN FUNDS- contlnued A currtrnt year 12 months and pnor year 12 months cJJmbin8rl net movement in fiJn(Js, induded in the above are as followj.. Incoming resources Resources expended MoveTnent in funds Unr￿t￿Ctsd lund8 G8n8ral fund 15,494 111,2331 4,261 TOTAL FUNDS 15,494 111.2331 4,281 RELATED PARTY DISCLOSURES There wart no re18tsd party transactson8 for th8 ygar end&Y 31 D8eamt)8r 2022. Pllge 9 IL MJS Derailed Siatemeni of Financial ActlVTties for heye Endedll D 31.12.22 31.12.21 INCOME AND ENDOVIMENTS Donatlon• and legaci Donalons 13,879 Oth•r tr¥dlng aetlvltlo• Tuition fe•s 1.615 Tot•l In¢omlng ro•ourco8 15,494 EXPENL)ITURE Ch*rftabl• ictlvltl WaGes Rani, ralos watsr Mission support Education malarial8 Printing. post and slationory chantab￿ 8vent Sundri8S Repairs & renewals Pl8nt and machinery Flxturè5 and fitts'ngs 250 5,026 2,300 2e4 1,406 125 182 547 153 10,533 Support ¢o•ts Govornane• colts Accountancy and legal fee8 450 2SO Totsl resource6 •xp•n¢8d 10,983 250 Nèt Incomollexpondltur•l 4.$11 12SOI This page does not fomi part of the statutory financial statements Page 10