REGISTERED CHARITY NUMBER: 1183934 Report of the Trustees and Unaudited Financial Statements for The Year Ended 31 January 2024 THE LONDON FULL GOSPEL FINCHLEY CHURCH 11 11 FURUICHOI & CO CHARTEREO AccouinANTS 69 Station Road. Hampton Greater London TW12 2BT
THE LONDON FUU GOSPEL FINCHLEY CHURCH Contents of the Financial Statements for the Year Ended 31 Janua 2024 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Actwities
THE LONDON FULL GOSPEL FINCHELY CHURCH Re ort of the Trustees for the Year Ended 31 Janua 2024 The trustees present their annual report and financial statements of the charity for the year ended 31 January 2021. The financial statements have been prepared in accordance with the accounting policie5 set out in note I to the account5 and comply wNth the charity's trust deed. the Charities Act 2011 and Accountin8 and Reporting by Charities.. Statement of Recommended PrJctice applicable to charitiès preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RepLFblic of Ireland published on 16 July 2014. Registered Charity Number 1183934 Princlpal address 7 Amberwood Rise, New Malden. Surrey KT3 5JE Trustees Mrs Hye Jean HAY Mr Dong Chun KIM Mr Myung Nam PARK Independent examiner FURUICHOI & CO Chartered Atcountants 69 Station Road Hampton TW12 2BT STRucfuRE. GOVERNANCE AND MANAGEMENT Governlng document The charity is controlled by its governing document. a deed of trust, and constitutes an unincorporated Charity. Organ5satlonal structure It is run entirely by volunteers who all believe God and follow Jesus in their life the Christian religion. Since The London Full Gospel Finchley Church is created and presented for reliEOUS activities. Risk management The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Page I
THE LONDON FULL GOSPEL FINCHLEY CHURCH Re ort of the Trustees for the Year Ended 31 Janua 2024 OBJECTIVES AND ACTIVITIES Objectives and aims The objectives of The London Full Gospel Finchley Church are as follows ,' It aims to spread the knowledge of thè Bible to the people. It also aims to encourage people to enjoy a life and wonderful life with lots of different types of culture. Activities Church. They are,. Worship- to increase awareness of God's presence and celebrate God's love LearninE and Caring - to help people to learn and grow as Christiana, through mutual support and care Service- to be 3 good neighbour to people in need and challenge injustice.. and Evangelism to make more followers of Jesus Christ Conference - to help people to know and develop as Christian who belongs to God in order to help people to improve the Bible knowledge Fellowship - to help people to (Jevelop well communication with other people ACHEIVEMENT AND PERFORMANCE Charitable activities Since The London Full Gospel Finchley Church is created, we give services of worship every Wednesday and Sunday and at least once a month we have a second worship on Sunday We try to help by teaching and making them to be Christian as it truly changes their life in a better way. Therefore we provide.. l. human resources for worship 2. building/facilities/open space to people of particular ethnic or racial origin, 3. service of worship to public 4. advocateladvice/Bive information to people who need help act as an umbrella or resource bodv We do believe this will make this world better and people will respect each other. Approved by order of the board of trustees on 24 November 2024 and signed on its behalf bv.- Chair Trustee Mrs Hye lean HAY Page 2
Inde endent EXaMineS Re rt to the Trustees of THE LONDON FULL GOSPEL FINCHLEY CHURCH I report on the accounts for the year ended 31 January 2024 set out on pages four to seven. Respertive responsibilitles of trustees and examlner The charities trustees are responsible for the preparation of accounts. The charities trustees consider if an audit is not required for this year (under Section 144121 of the Charities Act 2011 Ithe 2011 Act) and that an independent examination is required. It is my responsibility to: examine the accounts under section 145 of the 2011 Act to follow the procedure laid down in the General Directions given by the Charity to state whether particular matters have to come to my attention Basls of independent examlner5 report My examin3tlOn Was carried out in accordance with the General Directions given by the Charity Commission. An examination intludes a review of occounting records kept by the charity and a comparison of the accounts presenred 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 under taken do not provide all evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present true and fair view anil the report is limited to those matters set to the statements below. Independent exarniners statement In connection with my ex3min3tion, no matter has come to my attention= 111 which gives the reasonable cause to believe that. in any material respect. the requirements to keep accounting records in accordance with Section 130 of the 2011 Act.. an to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met- or 121 to which in my opinion. attention should be drawn in order to enable a proper understanding of the accounts to be reached. A Raja, ACA FURUICHOI & CO Chartered Accountants 69 Station Road, Hampto Greater London TW12 28T 23-Nov-24 Page 3
THE LONDON FULLGOSPEL FINCHLEY CHURCH Statement of Financial Activities for the Year Ended 31 Janua 2024 Unrestricted fund Unrestricted fund Notes INCOMING RESOURCES Incoming resources from generated funds Voluntary income Investment income 2024 2023 66.730 57,189 Total incoming resources 66,730 57,189 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income Charitable activities Costs of generating voluntary income Governance costs 59,538 53,930 16.399 13.131 Total resources expended 75.937 67.061 NEf INCOMING RESOURCES 19.207) (9.8721 RECONCILIATION OF FUNDS Total funds brought forward 10.515 20.387 TOTAL FUNDS CARRIED FORWARD 1.308 10.515 Page 4
THE LONDON FULL GOSPEL FINCHLEY CHURCH Balance Sheet As at 31 Janua 2024 Unrestrfcted lund Unrestricted fund Notes 2024 2023 FIXED ASSETS Computers & equipments 4,386 5,160 CURRENT ASSErs Debtors Cash at bank 24,104 28.490 33,311 38,471 CREDITORS Amount falling due within one year 4,386 5.160 NEf CURRENT ASSETS 24,104 33.311 TOTAL ASSETS LESS CURRENT LIABILITIES 24,104 33.311 NET ASSETS 24.104 33.311 FUNDS Unrestricted funds 24,104 33,311 TOTAL FUNDS 24,104 33.311 The financial statements were approved by the Board of Trustees on 24 November 2024 and were signed on its behalf bv-. Chair Trustee Mrs Hye lean HAY Page 5
THE LONDON FULL GOSPEL FINCHLEY CHURCH Notes to the Financial Statements for the Year Ended 31 Janua 2024 I. ACCOUNTING POLICIES Accounthn8 convention The financial statements have been prepared under the historical cost convention, except for investments which are included at market Value and the revaluation of tertain fixed assets and in accordance with the Charities SORP IFRS 1021 'Accoynting and Reporting by Charities.. Statement of Recommended Practice applicable to charities Preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective I January 20151. Financial Reporting Standard 102 the Financial Reporting Standard applicable in thè UK and Republic of Ireland IFRS 1021, and the Charities Act 2011. Incomlng resources All incoming resources are intluded on Statement of Financial Activities when the charity is legally entitled to the income and amount can be quantified with reasonable acturacy. Resources expended Expènditure is accounted for on an accruals basis and has been classified under headings that aggregatè all costs related to the category. Where tosts cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Taxation The charity is exempt from tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with charitable objectives at the discretion of the trustees Restricted funds can only be used for particular restricted pun)oses within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for praticular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2. Investment Income 2024 2023 Deposit account interest 3. TRU5fEES' REMUNERATION AND BENEFITS There were no trustees. remuneration or other benefits for the year ended 31 January 2024. Trustees. expenses There were no trustee5' expenses paid for the year ended 31 January 2024 Page 6
THE LONDON FULLGOSPEL FINCHLEY CHURCH Notes to the Flnancial Statements- Continued for the Year Ended 31 Janua 2024 4. STAFF COSTS 2024 2023 Wages and salaries 39,164 28,600 The average monthly number of employees during the year was as follows- 2024 2023 Employees No employees received emoluments in excess of £60.(KIO. 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Other debtors 6. CREDITORS: AMOUNTS FAILING DUE WITHIN ONE YEAR 2024 2023 Accrual 3.159 1.041 7. MOVEMENT IN FUNDS Net movement in funds At 31.01.23 At 31.01.24 Unrertricted funds General fund 33.311 19.2071 24.104 TOTAL FUNDS 33,311 19,207) 24.104 Net movement in funds. in the above are as follows= Incomin8 resources Resources expended Movement in funds Unrestricted funds Gener81 fund TOTAL FUNDS 66.730 66.730 175.9371 175,9371 19.2071 19.207} 8. FIXED ASSETS 2023 2022 Computers & Equipments 4,386 5,160 Page 7
THE LONDON FULL GOSPEL FINCHLEY CHURCH Oetailed Statement of Financial Artivities for the Year Ended 31 Janua 2024 INCOMING RESOURCES 2024 2023 Voluntary Income Donations 66.730 57,189 Investment Income Unaudited Financial Stmts foryle 31 January 2023 Total in¢oming resources 66.730 57.189 RESOURCES EXPENDED Costs of generating voluntsry income Insurance Postage and Stationary Meals Donations Event5 PToject5- J. Mission Projects- Rosehill Praise Team Other Cost Seminars Pastor Cost Depreciation Bank Charges 373 81 2.262 366 248 1.369 3,878 2,541 1,6LMJ 3,122 10,084 2,400 439 672 7,322 774 312 19.582 910 266 27,281 Charltable activltles Wages 39.164 28.6C Governance costs Accountan¢v Support costs Management Rent Payable 16,399 13,131 Total resource5 expended 75.145 69.012 11.823 Net Income 8.415 Page 8