OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

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 2023

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158 Company Number CE023212

Contents
Page
Legal and administrative information 2
Trustees report 3 - 6
Independent Examiner’s report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 13

Page 1

Frontline Nations CIO for the year to 31[st] March 2023

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: Seong Hong Moon 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 for the year to 31[st] March 2023

Charity Number: 1192158 Company Number CE023212

Report of the Trustees

For the year ended 31 March 2023

The Trustees present their report and the financial statements for the year ended 31 March 2023. 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:

Achievements and performance

The main achievements are summarised as follows:

This training program is designed to assist individuals, irrespective of their religious faith. Our primary focus is to teach students how to listen to God and initiate their journey with Him. While many of our students may be regular churchgoers, a significant number have not truly learned or experienced the excitement of being a Christian.

The five main subjects in our training program are:

  1. Listening to God

  2. Identity and Overcoming Obstacles

  3. Teamwork and Relationships

  4. Language and Culture

  5. Mission Perspectives

Page 3

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158

Company Number CE023212

We seize every opportunity to share our faith locally, utilizing the Korean language and cuisine. We are actively building long-term relationships with university students and individuals from diverse cultures and backgrounds. Additionally, we organise expeditions to five different countries, providing a valuable opportunity to instil a mission vision in young people.

During our mission conference in France, we gained a clearer vision for our team's future, and remarkably, 11 participants were baptised. This conference has significantly contributed to shaping our mission and goals.

Relevant Testimony and Engagement Story

My name is SungKyung Yeo, who has spent six months in training and is continuing to live in the UK with a 2-year visa. I grew up in a pastor's home, but I didn't have a church that I truly connected with. There was always an emptiness in my heart. Can I live a fulfilling life? Is this life worthwhile? How should I live it? These were the questions that piled up in my mind without answers.

Despite that, my obsession with perfection and mental health issues led to an eating disorder, and I had to undergo major surgery to remove large lumps around my uterus. I was feeling so desperate while going through a time like this, searching for a meaningful life. I didn't want to think about living as it was, but I wanted to live as I thought. So, I chose the most adventurous option among the choices available to me, which was joining FLN training.

The first semester in the UK was a season of meditation, lectures, and intensive sharing of our stories with community members. I had to face the parts of myself that I had ignored and fell apart. The God I had created on my own, the me who confined myself within the frames I had constructed, and the me who was so afraid of getting hurt that I avoided it.

That breakdown also meant that I could rebuild myself as I originally was - a new self, true to myself. God was a "strict manager" to me. But now, I'm experiencing how free I can be within God.

In the following semester, I started building relationships with local friends through a Korean language school. Beyond teaching Korean, it brings me great joy to befriend those who have nowhere else to turn and to become someone they can rely on. Truth be told, I tend to have a defensive and passive attitude in relationships. However, in relationships with locals, I feel a strange confidence and a different power that is felt and emanated. I'm gradually discovering the purpose that God has in my life.

If I said I wasn't afraid of the career gap as a working professional, being at a marriageable age, and having no regular income, it would be a lie. But I feel that nothing else can control my life anymore, because I know there is ultimate value in it and I am experiencing living according to that value. I pray that my time in the UK is not the end but a continuation of listening to and following the heart of God in my life.

Plans for 23-24

  1. Opening up a Café in Llanelli town centre

We have a small team with people who want to breathe more life into Llanelli town centre. They aspire to open a coffee shop and share Korean flavours and sophistication with the locals. Though still in the initial stages, they are already preparing for a new adventure under the name 'LlanK.' Their goal is to create a place where people can come together, spend time, feel warmth, and build relationships."

  1. Korean Language Classes

This has been a great tool for connecting with local university students. We would like to continue offering Korean language classes and establish a permanent venue for them. Some students have discovered the Christian faith through these classes, and a couple of others have even gone to Korea to become English teachers. It has served as an excellent bridge, connecting us with both local and international students. In addition to teaching the Korean language, we also immerse ourselves in Korean culture by preparing traditional foods, playing games, and hosting Korean-style parties.

  1. Llanelli Local Team

The Llanelli local team engages in community service by conducting free piano and soccer lessons for local children and picking up trash in the nearby streets. This ministry began as a means of serving the local community and has evolved to collaborate with various other charities in Llanelli. Though still in its early stages, efforts are being made to initiate new endeavours, creating a foundation for more people to join in 4. Short-Term Mission Training

We are planning short-term mission training programs for both summer and winter. These programs, lasting approximately five weeks, are designed to challenge individuals to engage in mission work. The training will

Page 4

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158

Company Number CE023212

consist of around three weeks in the UK, followed by a journey to explore countries in the Middle East, North Africa, or other parts of Europe. Additionally, we are in the process of preparing short-term programs for youth. These programs will focus on teaching students English while imparting Christian values and significance. The programs are expected to run for three to five weeks, taking advantage of the summer and winter vacation periods.

- 5. Long Term Mission Training

It has been challenging to recruit students due to the pandemic for the past few years. Now that all restrictions have been lifted, we hope to attract more students from Korea and other countries. We will continue to run a six-month training program with the goal of touching and transforming people's lives.

Our training program operates within a community context, where trainees live together, sharing space, food, and even finances. Through this communal living, participants learn about relationship building, collaboration, mediation, sharing, and accountability. Leaders and staff members provide guidance and support at every step of this process.

The training program has five main focuses:

Students learn how to meditate on the Word of God and interpret it. Each morning, they meditate on a Bible verse and share their insights within a meditation group. Additionally, they learn to recognize how God speaks to them in various ways in their daily lives.

Students explore obstacles that hinder personal growth, including cultural, social, and psychological barriers, and learn strategies to overcome them. They also discover their true identity in God through lectures and activities provided by FLN.

Emphasis is placed on understanding teamwork dynamics and helping individuals find their roles within a team. Students learn how to lead a team, communicate a team vision, and explore different leadership styles through lectures, games, and outdoor activities.

The program covers language acquisition and cultural adaptation using English as the medium. It goes beyond language learning to include understanding different languages and structures. Students also learn how to initiate Christian work in cross-cultural contexts and choose culturally appropriate forms to convey Christian faith. This learning occurs through lectures, games, and daily life experiences in the UK.

Students delve into four perspectives on Christian Mission—Biblical, Cultural, Historical, and Strategic. These perspectives highlight the importance of mission and provide insights into its development in diverse cultures and contexts. This subject is taught through lectures and mission expeditions to different countries."

ORGANISATION GOAL

Irenaeus said, "The glory of God is man fully alive, but the life of man is the vision of God." We aim to inspire young people to live their lives to the fullest. Despite the numerous demands and expectations they face from parents and society, we believe that fulfilling the purpose God has for them is the only way to experience true vitality. Our goal is to witness individuals embarking on a journey with God, breaking free from all forms of fear, and discovering the genuine purpose of life.

Considering that students stay with us for only a year or two, we may not be able to support them throughout their entire lives. However, our aspiration is to introduce them to the joy and excitement of authentic living during their time with us. This is what we hope to see.

Financial review

Policy on reserves

The reserves policy is to keep a minimum in general funds to cover 3 month’s operating costs.

Page 5

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158

Company Number CE023212

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:

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 6

Frontline Nations CIO for the year to 31[st] March 2023

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 2023 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)

Signed:………………………………………Independent Examiner Date:…5th December 2023……

Nicola Lewis (EasyBooks Wales Ltd)

Page 7

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158 Company Number CE023212

STATEMENT OF FINANCIAL ACTIVITIES Including Summary Income and Expenditure Account

For the year ended 31st March 2023

notes
Income
3
Donations & Legacies
Donations Income
Grants Received - Unrestricted
Grants Received - Restricted
Other Trading Activities & Income
TOTAL INCOME
Expenditure
Charitable Activities
4
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
44,711
0		 Restricted
Funds
170,000
0
0		 Total
Funds
214,711
0
0
3,950		 last year
68,177
0
0
0
3,950
48,661 170,000 218,661 68,177
46,906 0 46,906 0 41,563
46,906 0 46,906 41,563
1,755 170,000 171,755 26,614
0
1,755		 0
170,000
170,000
0
170,000		 0
171,755		 0
26,614
1,755 171,755 26,614
49,904
51,659		 49,904
221,659		 23,290
49,904

Page 8

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158 Company Number CE023212

BALANCE SHEET
As at 31st March 2023
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
29,023		 Unrestricted
Funds
29,023		 Restricted
Funds
170,000
170,000
0
0
0
0
0
170,000
0
170,000
0
170,000
170,000
0		 Total
Funds
199,023		 last year
495
495
0
50,039
50,039
630
630
49,409
49,904
0
49,904
23,290
26,614
49,904
0
Funds
29,023
29,023
1,511
21,784		 199,023
1,511
21,784
23,295 23,295
660 660
660 660
22,635 22,635
51,659
0		 221,659
0
51,659 221,659
49,904
1,755		 49,904
171,755
51,659 221,659
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 9

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158

Company Number CE023212

Notes to the financial statements

for the year ended 31 March 2023

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:

Page 10

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158

Company Number CE023212

Office Equipment Buildings

25% 2%

3. Analysis of Income

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:

This Year This Year Last Year Last Year
Donations Received 214,711 68,177
Rent 3,950 0
218,661 68,177

4. Analysis of Expenditure

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
Light & Heat
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
Professional Fees
Accounting Fees
Uniform
Refreshments Purchased		 This Year
Last Year
14,092
26,542
10,717
0
5
51
684
4,227
11,137
0
125
736
60
232
520
454
0
0
696
1,495
1,036
206
3,083
6,303
1,569
462
0
172
2,486
54
0
0
696
630
0
0
0
46,906
41,563

5. Trustee Expenses

There were no out-of-pocket expenses reimbursed to trustees during the year.

6. Governance Costs

nance Costs
This year Last Year
Fee for Examination of Accounts 660 630

Page 11

Frontline Nations CIO for the year to 31[st] March 2023

Charity Number: 1192158 Company Number CE023212

7. Staff Expenditure

There were no employees for this year or last year.

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

Cost at 1.4.22
Additions
Disposals
Cost at 31.3.23
Accumulated Depreciation 1.4.22
Charge this year
Released on disposal
Accumulated Depreciation 31.3.23
Net Book Value 31.3.23		 Fixtures &
Equipment
Property		 Motor Total
564
0
0
201,015
0
0
564
201,015
70
0
141
2,345
211
2,345
353
198,670		 0
0
0
0
0
0
0
0
0		 564
201,015
0
201,579
70
2,486
0
2,556
199,023

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
£ 1,511
£ 1,511
£
£
£		 Last Year
0

0
0

11. Creditors and Accruals

Amounts falling due within 1 year are as follows:


Trade Creditors
£
Accruals
£
£		 This Year


0
£
660
£
660
£		 Last Year
0

630
630

Page 12

Frontline Nations CIO for the year to 31[st] March 2023

Company Number CE023212

Charity Number: 1192158

12. Analysis of Funds

12. Analysis of Funds
General Funds
Restricted Funds
Building Fund (Fixed asset)
Total Funds		 Opening
Funds
Income
Expenditure
Transfers		 Closing
Funds
49,904 48,661
46,906
0		 51,659
0 170,000
0
0
170,000
0
0
218,661
46,906
0		 170,000
0 170,000
49,904 221,659

13. 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.

14. Additional Disclosures

There are no further disclosures for this year.

Page 13

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 RkpMJW9zZTwhWHdT at IP address 92.7.139.228, on 2023/12/14 17:52:30 Z.

cheolJoong kim's e-mail address is: jakecjkim@gmail.com.