Charity Number: 1192158 Company Number CE023212
Frontline Nations CIO
Charity number: 1192158 Company Number: CE023212
Trustee Report and Financial Statements for the year ended 31[st] March 2022
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
| Contents | |
|---|---|
| Page | |
| Legal and administrative information | 2 |
| Trustees report | 3 - 5 |
| Independent Examiner’s report | 6 |
| Statement of financial activities | 7 |
| Balance sheet | 8 |
| Notes to the financial statements | 9 - 12 |
Page 1
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
Legal and administrative information
Company Name: Frontline Nations CIO Charity Registration Number: 1192158 Company Number: CE023212
Address: 88 Queen Victoria Road Llanelli Carmarthenshire SA15 2TH Trustees: Jennifer Lee (resigned 26.03.22) Seong Hong Moon Dale Jones (resigned 15.01.22) Youngkyung Kwon Cheoljoong Kim Wonkwon Shim (appointed 06.04.22)
Independent Examiner: Nicola Lewis EasyBooks Wales Ltd Unit 4, Dragon 24, North Dock, Llanelli, SA15 2LF Bankers: Lloyd Bank PLC 21 Stepney Street Llanelli SA15 3YD
Page 2
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
Report of the Trustees
For the year ended 31 March 2022
The Trustees present their report and the financial statements for the year ended 31 March 2022. The trustees who served during the year and up to the date of this report are set out on page 1.
Structure, governance and management
The Charity is managed by trustees who are appointed and in line with the charity’s governing document.
Governing Document
The charity is governed by its Constitution.
Objectives and activities
The main purpose and objects of the charity are set out in the governing document as follows:
-
1.1 The advancement of the Christian religion in Wales and elsewhere in the world as the trustees decide, for the benefit of the public.
-
1.2 Providing religious education and training.
-
1.3 Supporting people to carry out missionary work and assisting them in establishing Christian mission movements.
-
1.4 Enhancing understanding of Christianity and raising awareness of Christianity among the public.
-
1.5 The advancement of education for the public benefit by means of vocational and basic life skill training, or such other means as the trustees determine.
Achievements and performance
1. We acquired 4years full ASIC accreditation
2. We have completed the purchase of our training centre, St Elli.
3. We sent out people to Morocco, France, Spain, and Sri Lanka
4. We had two Short-Term mission trips with 13 students in the summer
This Training program is designed to help anyone regardless of their religious faith. Our main focus is to teach the students how to listen to God and how to begin their journey with God. Most of our students would be church goers but many of them never really learned or experienced the excitement of being a Christian.
Our five main subjects in the training program are ○1Listening to God, ○2Identity and Obstacles, ○3Team Work and Relationship, ○4Language and Culture, ○5Mission perspectives
We use every opportunity to share our faith with people locally, and we also take expeditions to other countries to share our faith with people who are outside of our boundaries. The main method we use locally is using Korean language and food. We have been building a long-term relationship with university students and people from different cultures and backgrounds. We also have taken expeditions to Spain and Morocco twice this year. This has been a great opportunity to find a Mission Vision for young people.
- Relevant Testimony and Engagement Story
Page 3
Charity Number: 1192158
Company Number CE023212
Frontline Nations CIO
We had a Chinese-Malaysian girl called Janet who worked with us for a year. She was doing her MA in Swansea University and we met her through Korean language classes. She had a very strong Buddhist background and both her parents were very strong Buddhists. However, she started attending Bible meditation with us and helped us to open the Korean restaurant and to run our summer training program as well. Before she went back to Malaysia, she had lived with us for a couple of months. She gradually accepted Christian faith although she was still very afraid to confess her faith publicly because of her mother. Once her mother noticed her changes and confronted her if she became a Christian. She couldn’t say ‘Yes’ but through that incident she realized the seriousness of accepting Christian faith. Now she has gone back to Malaysia but we have been praying that she would continue her journey with God and meet the right people who can guide her in her journey.
We had a 3-week English and Bible training with younger Korean students during this summer. Most of them did have Christian background but it was an eye-opening experience for these young students. We also had a European trip with them and in one occasion, in Brussel Belgium, they met this Muslim family who gladly invited them, fed them and accommodated them. (Our hotel booking was canceled by booking.com on the day we arrived in Brussel so we didn’t have a place to stay overnight. We searched for other accommodation option but couldn’t find one). They built friendship with this Muslim family and prayed for them as well. It was their first real exposure to Muslims and their culture.
Two of the older ladies who joined our training program are now in Sri Lanka. They spent a month there to find out if they wanted to commit themselves to a long-term ministry. I had an online interview with them last week and they wanted to go back there after their research trip. Both of them are in their sixties so I am not so sure how long they can serve there as a missionary but I can say that their journey with God now is more exciting than ever.
A newly married couple who joined our training program last year and who had already made a plan to go to the US after the program, now decided not to go to the US but instead stay in the UK and help our training program. They went to Morocco this summer and saw the mission work there and now want to go there and serve Moroccan people. I believe they still need a team to go there but their dramatic changes have been a great encouragement for all of us.
Plans for the future:
1. Visa Sponsorship.
Now it is really vital to get the visa sponsorship. We have people who want to work with us but if we can’t offer them a proper visa, they can’t come to the UK and work with us. We applied for the Visa Sponsorship last year but we haven’t heard anything from UKVI for more than a year now.
2. Korean Language Classes
This has been a great tool to meet local university students, we would like to continue to have Korean Language Class and a permanent place to run it. Some of the students have found Christian faith and a couple of other students have gone to Korea to be a English teacher. This has been a great bridge to connect us to local and international students.
We not only teach Korean language but enjoy the Korean cultures like making food, playing games, and having a Korean style party.
3. Long-Term Mission Training
It has been difficult to recruit the students because of the pandemic, now all the restriction lifted, we are hoping to have more students from Korea and other countries. We will continue to run 6-month training program and want to see people’s life being touched and transformed.
Our training program is done within the community context. So, trainees would live together and the space, food, even money would be shared together. Through the community living, they learn the relationship building, working together, mediation sharing and accountability etc. The leaders and staffs would help and guide students in every step of this progress.
Page 4
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
Financial review
Policy on reserves
The reserves policy is to keep a minimum in general funds to cover 3 month’s operating costs.
Statement of trustees' responsibilities
The trustees are responsible for preparing the annual report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of charity's financial activities during the year and of its financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent; and
-
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. Trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees declare that they have approved the trustees’ report above.
On behalf of the board
Signed:…………………………………..….Trustee Date:……………………
Print Name…………………………………………
Page 5
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed.
I have been appointed as independent examiner under section 144 of the Charities Act 2011 and report in accordance with regulations made under section 145 of that Act.
My responsibility is to examine the accounts under section 145 of the Charities Act, to follow the procedures laid down in the general directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to our attention.
Basis of independent examiner’s statement
I have examined the financial statements of Frontline Nations for the year ended 31[st] March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
This report is made solely to the charity’s trustees, as a body, in accordance with section 154 of the Charities Act 2011. My independent examination work has been undertaken so that I might state to the charity's trustees those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity's trustees as a body, for any audit work, for this report, or for the opinions I have formed.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention (other than that disclosed below)
-
Which gives me reasonable cause to believe that in, any material respect, the requirements:
-
To keep accounting records in accordance with section 130 of the Charities Act; and
-
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed:………………………………………Independent Examiner Date:…9th January 2023……
Nicola Lewis (EasyBooks Wales Ltd)
Page 6
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
STATEMENT OF FINANCIAL ACTIVITIES Including Summary Income and Expenditure Account
For the year ended 31st March 2022
| notes Income 3 Donations & Legacies Donations Income Grants Received - Unrestricted Grants Received - Restricted Other Trading Activities & Income TOTAL INCOME Expenditure 4 Charitable Activities TOTAL EXPENDITURE NET INCOME (EXPENDITURE) before Transfers Transfers Between Funds NET INCOME (EXPENDITURE) after Transfers NET MOVEMENT IN FUNDS Total Funds Brought Forward Total Funds Carried Forward |
Unrestricted Funds 68177 0 |
Restricted Funds 0 |
Total Funds 68177 0 0 0 |
last year 53857 0 0 25537 |
|
|---|---|---|---|---|---|
| 0 | |||||
| 68177 | 0 | 68177 | 79393 | ||
| 41563 | 41563 | 0 | 56103 | ||
| 41563 | 0 | 41563 | 56103 | ||
| 26614 | 0 | 26614 | 23290 | ||
| 0 26614 |
0 0 0 0 0 |
0 26614 |
0 23290 |
||
| 26614 | 26614 | 23290 | |||
| 23290 49904 |
23290 49904 |
0 23290 |
Page 7
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
| BALANCE SHEET As at 31st March 2022 Fixed Assets Tangible Fixed Assets Current Assets Debtors & Prepayments Bank Current Liabilities Creditors & Accruals Net Current Assets Total Assets less Current Liabilities Creditors Falling due after 1 year Total Net Assets Fund Balances Funds B/fwd Net movement of funds TOTAL FUNDS |
notes 9 10 11 |
Unrestricted Funds 495 |
Unrestricted Funds 495 |
Restricted Funds 0 0 0 0 0 0 0 0 0 0 0 0 0 0 |
Total Funds 495 |
last year 371 371 0 23519 23519 600 600 22919 23290 0 23290 0 23290 23290 0 |
|---|---|---|---|---|---|---|
| Funds 495 |
||||||
| 495 0 50039 |
495 0 50039 |
|||||
| 50039 | 50039 | |||||
| 630 | 630 | |||||
| 630 | 630 | |||||
| 49409 | 49409 | |||||
| 49904 0 |
49904 0 |
|||||
| 49904 | 49904 | |||||
| 23290 26614 |
23290 26614 |
|||||
| 49904 | 49904 | |||||
| 0 | 0 |
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies
The members have not required the charitable company to obtain an audit in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to small companies subject to the small companies regime and in accordance with FRS102 SORP.
The financial statements were approved by the Board of Trustees and signed on its behalf by:
| Signed……...……………………………………...................... | Trustee |
|---|---|
| Print Name………………………………………….................... | Dated…………………….. |
Page 8
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
Notes to the financial statements
for the year ended 31 March 2022
1. Basis of preparation
1.1. Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities: Statement of Recommended Practice' (SORP FRS102) and with the Charities Act.
1.2. Change in Basis of Accounting
There has been no change to the accounting policies (valuation rules and methods of accounting) since last year.
1.3. Changes to previous Accounts
No changes have been made to accounts for the previous years.
2. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year.
2.1 Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of donations and gifts and is included in full in the Statement of Financial Activities when receivable. Gifts donated for resale are included as income when they are sold. Donated assets are included at the value to the charity where this can be quantified and a third party is bearing the cost. The value of services provided by volunteers has not been included.
Tax Reclaims are included in the SoFA when they are received by the organisation.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are receivable.
Income from investments is included in the year in which it is receivable.
Legacies are included when the charity is advised by the personal representative of an estate that payment will be made or property transferred and the amount involved can be quantified.
2.2 Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Resources expended are recognised in the year in which they are incurred.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
2.3 Tangible fixed assets and depreciation
Expenditure is capitalised if the asset has a useful life of more than 1 year and its cost exceeds £500.
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, on a straight-line basis as follows:
Office Equipment
25%
Page 9
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
3. Analysis of Incoming Resources
Donations income consists of regular giving by church members in tithes and offerings, plus “one off” gifts or donations. Where these gifts are given for a specific purpose they are held in a restricted fund.
Incoming resources are as follows:
----- Start of picture text -----
This Year Last Year
Donations from Individuals 68177 53857
Transfer from Frontline Nations as at 1.4.2020 0 25537
Other 0 0
68177 79393
----- End of picture text -----
4. Analysis of Resources Expended
The financial value of volunteer time has not been included in the financial statements but forms a crucial part of the success of the organisation.
Management and Administration Costs are as follows:
| Rent And Rates Bank Charges Memberships and Subscriptions Repairs and Maintenance Stationery, Postage & Advertising Small tools & Equipment Telephone & Internet Gifts and Donations Travel and Subsistence Motor Expenses Books & Training Insurance Loss on Sale of Asset Depreciation Accounting Fees Uniform |
This Year Last Year 26542 43835 51 23 4227 3284 0 100 736 315 232 116 454 562 0 50 1495 3028 206 3563 6303 383 462 213 172 0 54 23 630 600 0 8 41563 56103 |
|---|---|
5. Trustee Expenses
There were no out-of-pocket expenses reimbursed to trustees during the year.
6. Governance Costs
| This year | Last Year | |||
|---|---|---|---|---|
| Fee for Audit / Examination of Accounts | 630 |
600 |
7. Staff Expenditure
There were no employees for this year or last year
Page 10
Frontline Nations CIO
Charity Number: 1192158
Company Number CE023212
7.1 Staff Costs
| .1 Staff Costs | ||||
|---|---|---|---|---|
| This Year | Last Year | |||
| Gross Wages & Salaries (incl. ER NI) | 0 | 0 | ||
| Pension Costs | 0 | 0 |
7.2 Number of Employees
| .2 Number of Employees | ||||
|---|---|---|---|---|
| This Year | Last Year | |||
| Full time employees (or equivalent) | 0 | 0 | ||
8. Grant making
Grants awarded – Grants are given in accordance with the objectives of the charity. All decisions on grant awards are considered and decided upon by the trustees.
No grants or gifts were made in excess of £1000.
9. Fixed Assets
----- Start of picture text -----
Office Property Motor TOTAL
equipment - Vehicles
General Funds
Opening Balance Cost 394 0 0 394
Additions in Year 350 0 0 350
Disposals in Year (180) 0 0 (180)
Closing Balance at Cost 564 0 0 564
Opening Accumulated 23 0 0 23
Depreciation
Charge for year 54 0 0 54
Released on Disposal (8) 0 0 (8)
Closing Accumulated Depreciation 69 0 0 69
Closing Net Book Value 495 0 0 495
----- End of picture text -----
No assets have been re-valued during the year.
A vehicle was donated to the charity in Nov 2020 and is held on the fixed asset register with a nil value. The charity pays for all repairs and maintenance of the vehicle, and these are shown in the SOFA and notes.
10. Debtors and prepayments
Breakdown is as follows:
| Debtors Prepayment |
This Year £ 0 £ 0 £ 0 |
£ £ £ |
Last Year 0 0 0 |
|---|---|---|---|
Page 11
Frontline Nations CIO
Charity Number: 1192158 Company Number CE023212
11. Creditors and Accruals
Amounts falling due within 1 year are as follows:
| Trade Creditors Accruals |
£ £ £ |
This Year 0 630 630 |
£ £ £ |
Last Year 0 600 0 |
|---|---|---|---|---|
12. Transactions with related Parties
12.1 Remuneration and benefits
No amounts were paid to trustees as salary in the year.
There are no employees at the balance sheet date.
12.2 Loans
No loans were made to the trustees or related parties during the year.
No loans were made from the trustees during the year.
13. Additional Disclosures
There are no further disclosures for this year.
Page 12
Virtual Cabinet Portal Digital Signatures
Digital Signature Verification
You can verify that this is a genuine Virtual Cabinet Document Portal signed document by uploading it to the following secure web page:
https://www.virtualcabinetportal.com/VerifySignedDocument
Signature Dates and Times
All dates and times shown in the signatures below are expressed in Coordinated Universal Time (UTC), which is generally equivalent to GMT. You can find out more about UTC at the following web page:
http://www.virtualcabinetportal.com/WhatIsUTC
Signature 1
Signed by cheolJoong kim using authentication code XFBBRkFyN1JTaVxN at IP address 84.64.138.249, on 2023/01/10 14:31:32 Z.
cheolJoong kim's e-mail address is: jakecjkim@gmail.com.