Charity numb8r'. 1186187 GOODSEED CHURCH Annual Report and Unaudited Financial Statements 31 July 2023
GOODSEED CHURCH Reportand accounts Year ended 31" July 2023 Contents Page Trust8È's Report Independent Ex8mlneffs Report Statement ol Fnancial Activities 8alanc8 Sheet Notes to the A¢¢ounts
GOODSEED CHURCH Registsrod Charlty Number'.1186187 Trustee'$ Artnual Report For the y•ar 3111 July 2023 Th& trustees present their report ¥th the financial statements of Goodseed Church for theyearended 31. July 2023. REFERENCE AND AOMINISTRATIVE DETAILS Charity Name.. CharityNumb8r.' Registered Addre5S'. Website Addie$$- GOODSEEDCHURCH 1186187 198 8uckland Way. WORCESTER PARK, SURREY, KT4 8NP Tru$tee$: HO SIG LEE JIN SOOK PARK ITreasur8rl JIN SOOK LEE BOKJO PARK Re&gnpd 30.7.2023 AppDinted 30.7.2023 Bankey: Barclays Bank PLC 1 Churchill Pla¢8, London, England. E145HP Independent Examiner EFREM KIDANE IFCCAI EKB Accountan SeNices Ltd 39-41 North Road London N7 gDP STRUCTURE, GOVERNANCE & MANAGEMENT Go¥eming DoGument The Church Is a registered charlly and Is governed by its ASSOCIATION of Charitable Incorpwaled Organisation ICIOI registered on 06 Nov 2019. Risk Management The Iwslees have a duty to regu13rty review the risks lo whSch the charity is exposed and to tnsure ppropri¥ie controls ar8 in place ta provide reasonable assurance against fraud and error. The trustees da not consider IhatlhÈrè are any subs18ntial risks beyond the li01111es disc105ed in the fSn8ntial statement5. OBJECTIVES AND ACTMTIES Charitable objects The charity rnain objectiv8 Ss lo condud ieligious Service for Koreans living in Kirwjston and prowd8 $8rvi¢8s and as5i5180ce for young children and elderly poople. A¢tiviti¢s Activities during the year IncluLY8d'. An fynquiry sarvic8 for Iiusiee5 seeking an indepandènt exatniner F<egular visits to old people and theeowregation is made. Gift5 8re9iven to thèm. Variou5 events are organised for the dders. The charities have various a¢villa$ for childrefj. They uganise V8Ttous eduGalional actives. The trustees had hired a Church hall in Kingston the religious serVe in conducted every Sunday Afternoon By Pa51or Tao Bok Kang. The congwalion 15 aboul 120 pee.
GOODSEEO CHURCH Re915ter•d Charity Number. 1186187 TRUSTEE'S ANNUAL REPORT Forthe year enil&fl 31° July 2023 Publ1¢ Benefit The truste88 confirm Ihalthey have haddue rggard lolhe public benefit guidance published bythe Charitycommlssion In exerasing theirpowers orduties.as required In the CharitiesAcl 200612011. FINANCIALREVIEW General Fund Incomewas £41,16212022'.£59.4241. Expendilure was £96.513. 12022.. £59.9991 resulting a net surplus of £28.422.12022."net deficit of £5751, Res onsibilib'es of Trustees In Relation lo the Financial statements trustees are qUI by Ihe Charity Act 2011 to ppare financi81 slaiement & for each finaneial year wthoul any material matters of concem tsf il ctrwity's financK91 aclwitles during the year and of its financial position at the end of the year. In prepanng the financial stalemen15. thetrustees arerequired to.. . To Selectsul&b aCntyng F(dicies and then 8pthtrEm wnsia)ly. To makejudgetnents 3nd estimales thal a reasonable and prudent. Toslale Wheer applicable accountin subiecltoanydepartures diselose standards and statements of recommended practice have been f ollow8d and explained In the financial $tatement5-. and . Toprepare the financial sla18ments goingconcernbasi5 unlessil is inappropriate to pJ[na Lhat th8 charity 711 continu8 to operate. The trust885 ar8 resrK)nsible for keew"ngaecounts"ng r8cord$ which disdose with reasonable accuracy al many timethe financial positionof the charity and 8nablethem toensure that the financial siateinents COMyW11b the CharilyAct. 2011. Theyare also responsib18 forsafegkjarding the assets of the charilyadherence for taking re8$onae stepsforlhe prevention anddetection ol fraud and otherlrregularities, APPROVAL Th report. wttich hasb8enprepared Inac¢ordance wlh the provi5ionln thecharity Ac12011 relating to small charities, wa5 approved by the trustees on 20th O¥c&mber2024 and signed on their behaff by.. Mr.H SIG LEE ChirMan
GOODSEED CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF GOODSEED CHURCH I report on the aGcounts of Goodseed ChurGh for the year ended 315t July 2023 which are sel Out On P8g85 4 10 8. Respectiv• Responssbilities of Trustees and Examlner The Charity's trustee5, who are also the direciors of Goodseed Church for the purposes ofcompany law, are responsible for the preparation of the accounts. The Charity's Irjslees consider that Èn audit is not required for thi$ period under section 144121 of the Chariti85 A¢t 2011 ITh8 2011 Act) 8nd that an independent ex8minalion is needed. 11 is our responsibility to.. lil examine the aceounls under sectlon 145 ofthe Charities Act lill lo follow the Procedures laid down in the G8neral Direclions given by the Charity Commission under section 14515llbl of the Charities Act. and liiil 10 51ate whether particu5ar rnatlers have Com8 to our attentlon. Basis of Inilependent Examin¢rfs Statement Our examination was carried out in accordanc8 with General OireGtions given by th8 Charity Commission. An examination includes a review of the accounting reGords kept by the ¢harily and a comparison of the accounts presented with those records. It 81s0 includes consideration of any unusual items or dis¢losures in the a¢tount5. and it 5eÈks explanations from the trustees concerning any suth m8tters. The procedures undertaken do not provide all Ihè evidenc& that would be r&quired in an audil, and Gonsequenlly no opinion is given 3$ lo whether any rnaterial matlers of concern have come to our allenlion and the report is limited lo those m811ers sel out in the slatemenl below. Independent Examiner's Slatement In Connectlon with my exatnlnation. no rnalter has com&to our 8ll8ntion-. 1. which gIV8 m8 reasonable ¢ause to believe that In. any material respect, the requirements.. Ill to keèp accounting records in accordance wlh section 130 of Ihe Charitles Act. and lill lo prepare accounts which accord wilh the accounting retords cornply with the accounting requir8ment$ of the Charilie$ Act havo not been m$t', or 2. to whl¢h, in myopinion, attention should be drawn in Ofd8r to enable a prop8r und8rstanding of th8 accounts to be reaGhed. Efrem Kidane FCCA Chartered Certified Accountants EKB Accounlaney Ser4fic85 Lt 3941 North Road London N7 9DP 2011212024
GOODSEEDCHURCH STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 July 2023 Unre51ricted Restricted Total 2023 Total 2022 Not Income From.. Donations 121,905 121,905 58.089 Chariiab18 Activities 3,D30 3.030 1,335 Investment5 (Bank Interest) 124. 124,935 9,424 Expenditure On.. Charitsble A¢tivibes 96,513 96,513 59,999 Nèt In¢omellExpenditurel Transfers between Funds 28.422 28.422 15751 Net Movement In Funds 28.422 28.422 1575} Total Ftsnds Brought Fotward Totsl Funds Carrted Fon¥8rd 12,74D 12.740 13.315 41,162 41.162 12.740
GOODSEED CHURCH Balance Sheet Charity NumbÈr= fl86187 A$ at 31° July2023 Unrestricted Restsicted Total Total Fd Assots rawiNe FLKedAs8Pt TOTAL FIXED ASSETS 27,117 27.117 27,117 27,117 7,907 7,907 Current Assets Other d8biors Cash al Bank & In HaNS Total CupTenl Assets $,668 8,758 6,668 8.758 15,426 5.374 Crediiors.. Amount fallingdue Ihin year Nelcurrent As58ts &IILiab'lthesl 1,381 1,381 541 Creditors. Arnountfalling due more than one ear Long-lerm Liab¥ities Net Assets 41.162 41,162 12.740 Restricted Funds Unre51ri¢tsd Funds Total Funds 41,162 41,162 41,162 41,162 12,740 12.740 Approved by Ihg Board of Trustees on 20 DeGernber 2024 and 8lgn?d on Iheir behalf by Mrs. JIN SOQK LEE
GOODSEED CHURCH NotB5tollEFivncial Ststertnts forthe year ended 31 July 2023 A¢¢wnbny poli¢?e8 Basis ofprepara¢ion Th¢ aw)unts hèvt béen prepared und8r the hi5tOTical c051 convention arwj In accordanc8 wilh FRS 102. The Flnsntial RèpDrtiry siarhdard ¥ppli¢ablè In tho UK and R8wbli¢of Ir•l¥nd. thoCh#rilie$ 2011. Aetountino * Reporung by Charibes.. St8ltmenl of Rè¢omTneDded Pradt¢ Icharilies SORP FRS1021. Income Resources All incornino resources are induded on th& staletnenl ol FinanGial Aciiviti8s when tho rharity legallY entle6 lo ihe irtrome and aTnountcan be quantified with aSonabty accuracy. Voluntsry Inciimè Voluntary IGTre is rece8 byway of rnembef5 5ubscription5 and donalK)ns. PJembers' sub5eriptions income 15 iled In the financial stalpmenls in the perlod to whKh 11 relate5. No adjuBtmenl is made respect of subscrfpuons OLrt$ianding. DoTralioDs are lakell to infDme in ihe year of receipt. Interesl Receivable Inieffj$i on funds held on daposit is inclvdèd when reGvae aad the amount be rneaswad rellaY by Ihe charity., Ihi51s normally upon of Inlerosl pold (K payable by the b8nk. Charftabk Activit In¢oriny 16sour¢e$ from ¢harftablt art a¢¢ountsd in pèriod when thè kYoOuGtiDn lakes 8¢•. Income Is delerrÈd whenadmi8$ion fee¥ at8 ffj¢olved In ¥dv8n¢e orthe p¢rfotm#n¢o¥ tO¥vhith rebig. Expendiiure and LI811¥$ Exp•ndilur6 Is r6¢o>nis on Ihocmal's b88ts. Th6 charity 1$ not r6gis18f8dforVAT." thus all ¢o$is a sho%%m indusivè of VAT ¢haroed, Tangible flxedassels Tangible fixed asseis ¥rt measured ai ¢o$i les¥ 8tmlatrIO any a¢wmulativ8 impai¢merl losses. Depreciation is provided on all trng1b fixed assèts, oiher than freehold land, at iales calculated lo write off Ihfj 5, lass esiimaled re$UaL valu?. of each as59t evenly ovgr ils gxpected useful lif9. The charty does Th)t currenuy have any c2piLalised aSSÈL Equymenl, Flltlure5 and Fitung$ MoioFVN 10%onwritien downvv 2O%Slrayhllin Thhj rax8tson Thecttarity i5exempifrL¥n cofpDralkJnlaxon ttscharil&b1eacstlE8. Ftsnding Accounting UnTeslncied funds Gan be usèd in srcofthrte with the ¢h¥Titable obitivss ai the diSGfaiion of thè Iw$i¥es. R051ricied funds can only us8d for partKular r851riGlad purpDse within the objeG15 01 the charity. R851riGtiQDs aD¥e when specrfied by the donor orwhen lunds are raised lor particular reslrfcted Pufposes. Shortitm credilots ar6 measured aiiransadion priGe1whh is usually Ihtinvtwctr pri¢el. Loansand Olherfinanci81 liabilitie5 are lThilially ieGognised al Iransaction prK8 nel of any Iran5actKxi costs.
GOODSEED CHURC14 Detailed Incomè and Expenditurg for the year Ended 31 July 2023 Tru5tte5 MneratIOn and BtThollts Tru5tecs' orotherbeiief1¢5 lorthe yearelldcd 31" MArch 2024- £NIL, 12023- £Nill. Thcavtrd¥C nutnbcTof ¢mploycc5 aurins tli¢ ycai was 312023-31. Trustees, exptnSQI 'rrustecs' eXpL5¢SpAid for the yearended 31° Mitch 2024 £0,131.3.2023-£01. 2. Tanglbl• Flx•d A$801S st At 01.08.2022 Addllions 9,876 9,676 25,0 Cogtxt 31.07.2023 9,67S 25.000 At 01.08.2022 Charge for the pen(yJ 1.769 1,769 5.790 at 31.D7.2023 Net Brok Valuè AI 31.IJ7.2023 7,117 2D,000 27.117 At 31.07.2022 7,907 7,907 J. Analysis of Net Asset# FvThl d Resiricied 2023 GEnEtal In¢ome Restdded Mk5grrtry Total Total Tn9lblB FL*ad>ss@ts Oèbto 27.117 6,669 &758 17,117 6ffi68 8,758 7.W)7 Ca$h&L Bgnk Cr8dilors 5,374 Balancè ofFunas 8t 31 JLly2023". 4. Credltors and Total Yolal 1.381 PAYE Nl 1.381 541