Charrty number:
1186187
GOODSEED CHURCH
Annual Report and Unaudited Financial Statements
31 July 2024

GOODSEED CHURCH
Trustee Reportand Accounts
Year ended 315t Jyly 2024
Contents
Page
Trustees Report
Independent Examinerfs Rep￿1
Slaternent of Financi& Pdbvii*s
Balance Sheel
Notes to the A(xx)wts
74

GOODSEED CHURCH
Reglstered Charity Nurnbor.1186187
Tru8tee'3 Annual Report
For the yEar entled 31"July 2024
The trustees presenl their report wilh the financial statements of Goodseed Church for theyear
en¢Jed 31￿ July 2024.
REFERENCE A14D ADMINISTRATNE D￿AlLs
Cholity Numbet
11161WI
Regi8teRd Address
2 Cr￿TI*l Ro•J
W￿Ces1erPa[
47JP
Website Address
hl1psjA￿￿.W￿lj
Trustees:
Ho SIG LEE I(￿•r3
JIN SCK)K LEE
8OKJO PARb(
Bank".
8ardays Bank Hc
1 Churchill Place
London E14 5HP
Independent Examiner
EFREM KIDME IFCCAI
EKB ACCOUNTANCY SERWCES LTD
3Y1 NORTH ROAD
LONDON. N7 9DP

GOODSEED CHiJRCH
R•9istsrfjd Charity Numbor1186187
TN8ts0'8 Annu81 Rtport
Fortheyear ended 31" Juty X*24
STRUCTURE. GOVERNANCE & IAANAGEIIENT
Gov*min9 Do¢urnent
The Church is a registered charity and is govemed by its ASSOCIATION of Charit8bl8
Incorporale¢J Organisabon (CIO) regist8reil on 06 Nov 2019.
Risk Management
The trvslees have a duty to regulafty review the risks to which the charity is exposed and to
ensure appropriate ¢ontrols a￿ in ￿ace to provide rea￿)nable assurance against frau¢J and
8rror. The trustees do not consider that there are any substantial risks beyond the liabilities
is¢losed in the financ¢al statements.
OBJECTIVES AND ACTMTJES
Charttable objeGts
The Charity main objective is lo conduct religious service for Koreans living in Kingston and
provide services and assistance lor young children and elderty people.
Activtlies
Activities during the yearinduded..
An ÈnqLJiry semce for el¢Jerfy the seNce required.
Regular vrsits to peO￿e and the cong￿gatIon are made and gtfts are
given to them.
Various events a￿ organised lor the eksers.
The charities have various aCts"v￿.￿S for chikjren. They organise various educab"on81
actives.
The trustees had hired a church hall in Ktngston and Tel9￿u5 service in ¢ondu¢¢ed every
Sunday aftemoon By Pastor Tae Bok Kang. Tr congregatKw) is about 120 peoplB.
Publi¢ B*nefSt
The trustees ctsnfirrnthattheyha¥e haddue regard tothe public benefit guidancepJbli5hedbythe
Charity CoMmis￿n In exelri￿ngthe￿rOwersOrdUtie$.as ￿QUired in U)eCharitieskl 2(VJ6r2011.
FIIIANCLILREWEW
General Fundlncotn8WdS £84.301.12023'.£124.9351. ExpenditL¥ewa5 £104,828.12023.. £￿￿13)
resulting a defiat of £20.526. 12023- net Surplus of £28.4221.
s￿11.￿"85 of Trust In ReWwio its
The twstees are wuired by Charty Aci 2011 io prep￿ financial staternent & for each financi
year wknut any materi4 matt¥s tsf￿ d￿nI￿S fvJarKxa thties during the year and ofits
position attheend of Iheyear. In preparing Ihe financial stalement5. thetnJstees8rerequired
. To make judgements aThJ estimates ihat are tea50nai* arn* wudenL
. Toslate wthether applic3ble accountirvJ slandarts and $￿tements of recommended practice have been
f dlowed 5ubjecltoany departure$d1￿￿)Sed?n￿eVl￿ned In ihe finanrial statements. and
. T0p￿￿e the finan(y3J slaternents gcirwJo)rwn fMsigunWtt is inapwryriate to prewmethat the
eharity wll rrnt1￿ &) OFwate.

GOODSEED CHURCH
Rtgi$ier¢d Charity Number'.1186187
Tw$tee's Annual Report
For year orhdod 31￿ Juty 2024
The tnjstees are resp￿sible kwrNJ&c¢X￿tiry recordsvthith IfisL*)se with reasonabl8 8(￿JracY8t
rn￿Y the financial positionofthe ¢harityandenaUethem lo ensure that the finanaal 51atements
comttywith Ih8 ChantyA￿. 2011. TheYa￿ Jso responsibk forsafeguarding the assets ofthe
charityadherenc8 for ta￿'n9 reasonab￿ $lepsfor{he pwenlion and detection olfraud and other
Irregularities.
APPROVAL
Thi%repcrt which hasbwKwaredlnatt(thn¢ewth thermisK)nln Ih•ChantyAct2011 Telalmig to
smal chaiibes. wasapprrfved by the trustees the
N(wember2025 arVJsi￿ed on their beh4f
by..
r. HO SIG LEE
Ch￿¥Marb

GOODSEED CHURCH
INDEPENDENT EXAMINER'S REPORT
TO THE TRUSTEES OF GOODSEED CHURCH
For th¢ y•ar ¢nd8d 31.7.2024
I report on the a¢¢ounts of Goodseed Chur¢h for the year ended 31st Juty 2024 whlch ar8 set
out on pages 4 to 8.
Respectlve Responsibilities of Trustees and Examlner
The Charity's trustees, who are also the directors of Goodseed Church for the purpo885 of
company law, are responsible for the preparation of the accounls. The Charivs tiuste85
consider tha¢ an audit is not required for this penod ur￿r section 14412} of the Charilies Act
2011 (The 2011 A¢tl and that an independent examination 15 needed.
11 is our ￿SpOnsIbl11ty to:
lil examine the accounis unijef section 145 of the charib.es Act
{iil tofonow the procedures laid dowfi in the General Directions given by the Charity
Commission under section 14515llbl ol the Charities ACL and
liiil to state whether particular matters have come lo our attention.
Ba$is of Independ•nt Examlnerfs Ststernent
Our examination was carried out in accordan¢e wilh General DiTections gwen by the Charity
Commission. An exatnination in¢ludes a review of the accounting records k8pt by the charity
and a comparison of the a¢¢ounts presenle(J with those records. It also indudes consideration
of any unusual items or disc105Ltres in the accounts. and it seeks eX￿anatIonS from the
trustees ¢onceming any such matlers. The procedures undertaken do not provsd8 all the
evidence that would be required in an audit. and consequently no opinion is given as to
whethef any rnaierial maiters of ts)ncem have come to our attenti¢)n and the report is limited
to those matters set out in the slaternent below.
Independent Examinerfs St3tÈment
In connecib)n with my examination. no fflatter has come to Otjr attenti￿-.
1. which give ffte ￿asOnable rause to believe Ihal in, any material ￿spect. th8 requlrement$.'
lil to keep accounting re¢ords in accordance wth section 130 ofthe Charib"es Act", and
lill to prepare ac¢ounls whi¢h accord wth Ihe accounting records and comply
Ih th8 accounting requirements of the Chanties Acl have not been met., or
2. to which. in My opinion. attention should be ¢Jrawn in order lo enabl8 a prop8r
understanding of the accounts to be reached.
Efrem KKJane FCCA
Chartered Ceriified Accountsnls
EKB Ac¢ountan¢y servI￿s Ltd
3941 North Road
London
N7 9DP
-11112025

GOODSEED CHURCH
STATEMENT OF FINANCIAL ACTIVITIES
for theyear ended 31 July 2024
Notes
2024
2023
Incorno Frorn..
Donations
84.301
84.301
121,905
Charilaile AGtNit
3,030
Investrnerbts (Bank Interest)
84.301
.301
124.935
ExpendSture On:
CharilatAe h￿i¥l￿e$
104,828
104.848
96.513
Net In¢om¢ I IExp¢nditurel
120.5261
120.5261
28,422
Transfers bètweÈn Funds
N•t Movement in Funds
120.526)
120.5261
28.422
Total Funds BFW 31.7.2023
41.162
41,162
12.740
Total Funds BCF 31.7.2024
20.636
20.636
41,162

Balance Sheet
charity Number.. 1186187
As at 31st July2024
unrestn.cted Restricted Total
nds
. Totsl
Flxod Assets
Ta￿lble Fwl Assds
21.405
21,405
27.117
Total Fixed Asset5
21.405
21,405
27,117
QJrrentAssets
Other deblor5
Cash 218ank & kn
Tolal Current Assets
6,668
8.7S8
15.426
1,919
1.919
1,919
1,919
c￿dit￿s.. AnYwntfaliTrJthie
wtrin one
2,688
2.688
NelCurrentAssets 81(LialMIths
Cr8ditors'. An￿)untfalling due
more than one
ear
Net Asset5
20,636
41.162
ResthL1ed Funds
Unr&sliiled Funds
Total Funds
20.636
20.636
41.162
41,162
20.636
Approved by the Board of Trustees on
Novembèr 2025 and signed on their behalf by
Mrs. JIN SOOK LEE

Good Seefl ChLwch
NotestotheFin3nci31 StatemÈnts
Fortho yoar ended 31 July 2024
B*sis offwEparnlio
The aeCx)unts have been ￿811￿1¢al c05t con¥enkn and In ￿¢(¢da￿e wth FRS 102.
Fin8naa Rèp¢rtiNJ si¥ndth appI￿ab￿ IntheUK and Repubk oflreknTr#. theChait*s Ar* 2011.know)iing
Re￿rt￿ by Sta¥ii8rt p￿tare (Chari*% S(*P FRS1021.
the irrtxjme ￿ the ¢•n t*4U8rfhbJ {Bas￿￿aGOJraCy.
VI)￿n￿ry
trediled In the staements bi r*Th>J 10 rdates. a0￿￿￿￿t &¥ m*lJ in resp￿1 cl
5ubscripwJfts OLnstsndir¥. DI￿31￿#1$ tskw to Ml ty* yoarof r￿.
IntereslRecetvable
Intere51 fuThJ5 hekj on dep￿1 is I￿ALthd ¥**n r￿￿able aThJ W￿)￿1 L>n ￿ n*a*ThJ ihe
charily.. Ihrs¢s ryJmbaty U￿￿￿￿110n d thè ptyatA&ty b**.
ChwNablp AcU¥It￿$
Incomè Is def￿r&￿ whèn*trni¥sw 1885 arg Tr￿l¥e￿ In thance otlhe perf(￿￿￿5 thtyrdate.
Expenditure and Liabilitres
Exwdthre LsrwEed on ￿Tr*i￿r8d￿VAT". thusal
are shtr*n I￿V$￿e ￿vATCh*pd.
Tanylble Ilxedassets
Tan9iNe r￿ed asseis are mthisured al cfAt *c(¥m￿*•
￿￿e5. DepretsatM)n is provided all fixed aysets. free￿￿j land. at r*es cakulaled io vKrte
off th8 la55 esbmaled resvjual value. asset evty over expectal usefvl lrfe. The charity does n
urrenty have any ￿k￿kIl$e￿ asseis.
Equ¥wwi. FlxDJr6s￿JFltry5
raxatton
Funding Artountin9
Untestitted funds be ￿ in ihe (Jwlo14e obiBdNes at ihe th5U8th?n of kne tru5tee&
Restr￿1￿* fvrKls can only used far restri¢ted purp>¢ wihin Lth'ects of charity. Re5tiicthon5 arise
when specfie(J ty the ¢kn)(*LYwhen 8¢ raI%￿j forPar￿ar resbicled wrpLW.
Short iemi ¢￿itOrS¥re n*a5urwJ¥IltartsK#w￿ ￿ Iwhw*LSLL5u*ythe1rNt￿ew1ce). Lwtsand otherfinanual
liabilthes are Ini1￿￿ reLwnwd at trdn53ckn neld¥ty transadKffi

D8tailed Income and Exp8ndi￿re
for thè year Ended 31 July 2024
Tru¥te*i BEllEr
T￿le¢s, reTTrvncAtion orNherbthefrt5 Iorthtyear ¢rtht 31. March 202¥ £NIL IX)23- £Nill.
The av¢rag¢ nurnberof¢D4Trk)ytts d￿ttE 3.Q02>31.
TnLytees'
TYusiLYS'CXPLitstt paid forth¢y¢ar¢TrJcd Jl. Mwrh 21r14 £0.(31J2023-
2. T￿gIble Flx*d Assets
Vehi
At 01.08.2023
9.67fj
J4ffi76
Costat 31.07.2Y)24
9.676
25.((M)
34.676
AI 01.08.20
7559
At 31.072ts24
N•t Book V¥lu•
At 31.07.2023
7.117
20.000
27.117
AI31.072024
6.406
15.ODO
21,406
3. Anatysls of Net Ass•ts Bet*en Funds
nreslricted
2024
Fu
TarytyeF￿Ed Aw
21.405
21.405
27.117
6,66
8.7S8
(1.3811
hal 8¥dL
editty3
1.919
12.688)
(2.688)
BaLante ofFunts* 31 JL4y3fI4
4. CreditOf3 and
als
2.461
227
1.381
PAYE￿￿
1.3BI