NCMN 5K UK
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30[TH] APRIL 2023
CHARITY NUMBER: 1183374
NCMN 5K UK EVERYDAY CHURCH 46 UNION STREET KINGSTON UPON THAMES KT1 1RP
INDEX Page Index 1 Trustee’s Report 2-3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7 - 9
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NCMN 5K UK
TRUSTEES’ REPORT YEAR ENDED 30[th] APRIL 2023
The trustees are pleased to present their report for the year ended 30[TH] April 2023 for the charity, NCMN 5K UK with Charity Number 1183374.
The Trustees of the charity are: Rev Kyung Hur Jonghee Lee Pastor Sang Bo Lee
The principal address of the charity is: Everyday Church 46 Union Street Kingston Upon Thames KT1 1RP
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a CIO- Foundation constitution that was registered on 13[th] May 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian Faith [in accordance with the Statement of Beliefs], to relieve persons who are in condition of need or hardship or relieve distress caused thereby in the United Kingdom or abroad. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation held several outreaches to assist the development of the people in the community through feeding the homeless and sharing the gospel. The organisation also supported other charity organisations with similar objects with helping those in need. The organisation also continues to hold its meetings in the hired premises. Due to the pandemic the church held its meetings online for part of the financial year
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FINANCIAL REVIEW
The income of the charity is above £40,000. The organisation used most of the amount of its income for supporting its outreaches and for its services during the year. They had a surplus at the end of the year. The organisation continues to support charitable mission work in other places.
FUTURE DEVELOPMENTS
The church intends to continue to host its regular yearly conferences in UK. The intended reappointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.
Approved by the Trustees on 13[th] March 2024 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees
NCMN 5K UK
I report on the accounts of the church for the year ended 30[th] April 2023 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
CHUKS AJUKA BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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NCMN 5K UK
ACCOUNTS FOR THE YEAR ENDED 30th April 2023
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts Donations Other Income Total Receipts Direct Charitable Expenditure Mission Transport Food Supplies Subscriptions Telephone & Internet Welfare Event costs Supplies Refreshments Donations Stationery Postage Bank Charges Hall Hire Ministry Expenses Accountancy Professional fees Other Expenditure Equipment Fixtures & Fittings Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
£ 2023 40281 16 ___ 40297 2842 11592 3982 144 133 592 4607 3293 3812 3038 209 1093 0 0 4342 280 933 40892 0 0 0 40892 -595 8019 ___ 7424 |
2022 19018 1 |
|---|---|---|
| 19019 | ||
| 0 562 0 167 120 1271 2060 1687 604 11947 246 219 120 59 350 200 |
||
| 19612 0 0 |
||
| 0 19612 -593 8612 |
||
| 8019 |
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NCMN 5K UK
2 Statements of Assets and Liabilities at 30th April 2023
| Cash Funds Barclays Bank Total Cash Funds Assets Retained for the Charity's Own use Fixtures Equipment Liabilities Accounting fee NET ASSETS |
Unrestricted Funds 2023 £ 7424 _ 7424 _ 98 205 ___ 303 190 7537 |
2022 £ 8019 |
|---|---|---|
| 8019 | ||
| 122 256 |
||
| 378 190 |
||
| 8207 |
Approved by the Trustees and signed on their behalf:
NCMN 5K UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30th APRIL 2023
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section Charities Act 2011.
Funds
Unrestricted funds are those which can be used at the Trustees' discretion. Restricted Funds are those whose purposes have been restricted by the donor.
Staff
All the other work of the church was carried out by volunteers. No employee earned more than £10,000 in the financial year.
Depreciation
The depreciation on equipment, Instruments and vehicle is calculated at 20% reducing straight line method.
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