## **NCMN 5K UK**
## **FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30[TH] APRIL 2024**
**CHARITY NUMBER: 1183374**
## **NCMN 5K UK EVERYDAY CHURCH 46 UNION STREET KINGSTON UPON THAMES KT1 1RP**
**INDEX Page Index 1 2-3 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7**
**1**
## **NCMN 5K UK**
## **YEAR ENDED 30[th] APRIL 2024**
The trustees are pleased to present their report for the year ended 30[TH] April 2024 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.
**2**
## **FINANCIAL REVIEW**
The income of the charity is above £45,000. 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:
1. Select suitable accounting policies and apply them consistently.
2. Make judgements and estimates that are reasonable and prudent.
3. State whether the applicable accounting standards have been followed.
4. 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 27[th] February 2025 and signed on their behalf by:
_____________________________________________
**3**
To the Trustees
## **NCMN 5K UK**
I report on the accounts of the church for the year ended 30[th] April 2024 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 :
- Examine the accounts under section 145 of the 2011 Act.
- Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
- State whether particular matters have come to my attention.
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.
In the course of my examination, no matter has come to my attention;
- (1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
- proper accounting records are kept( in accordance with section 130 of the 2011 Act
- accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
- (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
**4**
**NCMN 5K UK**
## **ACCOUNTS FOR THE YEAR ENDED 30th April 2024**
## **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
Furniture & Fittings
Insurance
**Total Payments**
**Net Receipts/(Payments) for the year**
**Cash Funds brought forward**
**Cash Funds at the end of the year**|**£**
**2024**
45246
67
**_________**
**45313**
891
10992
6974
144
124
1390
5924
3488
0
4810
0
660
210
1900
5866
430
890
**44693**
1559
169
114
1842
**46535**
**-1222**
**7424**
**6202**|**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|
**5**
## **NCMN 5K UK**
## **2 Statements of Assets and Liabilities at 30th April 2024**
|**Cash Funds**
**Unrestricted Funds**
**2024**
**£**
Barclays Bank
6202
_________
**Total Cash Funds**
6202
_________
**Assets Retained for the**
**Charity's Own use**
Fixtures
214
Equipment
1411
_________
1625
**Liabilities**
Accounting fee
360
**NET ASSETS**
7467
Approved by the Trustees and signed on their behalf:|**2023**
**£**
7424
7424
98
205
303
190|
|---|---|
||7537|
## ______________________________________________________
**6**
## **NCMN 5K UK**
## **NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 30th APRIL 2024**
## **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.
**7**