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2025-03-31-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 2025

Charity Number: 1192158 Company Number CE023212

Contents
Page
Legal and administrative information 2
Trustees report 3 - 8
Independent Examiner’s report 9
Statement of financial activities 10
Balance sheet 11
Notes to the financial statements 12 - 15

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 Chang-wook You (appointed 19.03.2025)

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

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Charity Number: 1192158 Company Number CE023212

Report of the Trustees

For the year ended 31 March 2025

The Trustees present their report and the financial statements for the year ended 31 March 2025. The trustees who served during the year and up to the date of this report are set out on page 2.

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

Geographic Area Served: Swansea, Llanelli (UK team)

Size of Group served: 20 full-time Mission and Discipleship students, Korean language students (17 parttime students in Jan-Jun, 36 part-time students Sep-Dec)

1. We added a branch office with classroom for Korean classes in 9, Mar 2024.

2. We sent mission expedition teams to Turkey and Israel.

3. We joined KWMC at LA, United States.

4. We pioneered a new base in Turkey

5. Five new full-time staff members joined the organization in March 2024.

6. We have a new team house in Swansea.

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Charity Number: 1192158 Company Number CE023212

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

7. Relevant Testimony and Engagement Story

I participated in a mission training program in the UK from March 2024 to March 2025. The reason I chose this training was initially due to my family's recommendation. My older brother had received the training first, and my parents also suggested it. However, the ultimate factor in my decision was a single comment from my brother: "That place will be a time for you to deeply get to know yourself." I believe the endless question, and thought ,for people in their 20s and 30s is, "What do I like, what am I good at, and what should I do?" I started the mission training seeking answers to these very questions.

Having completed the training, the deepest experience I gained was 'meditation' (or 'devotional reflection' ). I had meditated often in church and sometimes in Christian schools, but the reflection here was slightly different. We would reflect on one verse a day, but the process involved receiving everything sensitively—not just the meaning conveyed in the Bible, but also the historical background of the passage, the meaning of each word, and the entire atmosphere. It was a struggle to try and hear the specific words God was speaking to me today. Furthermore, the process of finding God's message and believing it, even through the situations and events that happened to me outside of the Scriptures, was a fresh shock to me.

'Meditation' felt strange and difficult at first. It was hard to believe that God could speak to me and that I could actually hear Him. But through the continuous process of trying to listen, accepting, and believing, I realized: God has always been speaking. I learned that I can communicate with God, and that anyone who listens attentively can hear Him.

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Charity Number: 1192158 Company Number CE023212

Another reason I valued meditation so much was that it became a time for me to get to know myself. As I became sensitive to and examined many things, it was a time when I could discover aspects of myself I hadn't known and also find the reasons behind them.

There was also a program called QQ , where we shared and prayed for each other about our warm memories, cold memories, and wild dreams. This gave me another opportunity to take a step forward in understanding my identity. Thanks to the many leaders who prayed for me and walked alongside me, the training period was a time of great learning and feeling.

Currently, I have a journey I want to pursue, and I am studying hard in France. The difference now is that even though the path ahead is scary and uncertain, I am no longer afraid because I believe I am moving forward in communication with and alongside God . I will certainly make mistakes and stumble, but I will move ahead trusting that God will guide me on a good path.

II. ORGANIZATION PLAN IN 2025

1. Opening up a Café in Llanelli town centre

We have found a place to launch our coffee shop in Llanelli town centre. Now we are on the process of renting the place. We would love to start a coffee shop where we could share Korean flavours and sophistication with the locals. We are hoping to start it in the beginning of 2025 and the name will be a Doraji which is Balloonflower in Korean.

2. Korean Language Classes

Our Korean language class is entering a new season . Up until now, our focus has been on teaching Korean and, through that, building relationships with people and sharing our faith. Now, however, our goal is shifting towards using this process to create a closer, faith-centered, and practical community .

We have students who are suffering from tics, depression, and panic disorders , and we have an earnest desire to see these friends find healing and restoration in God .

We are still wrestling with the question of what kind of community we want to create. If it's just a community that meets once a week, various forms of churches already exist in the UK. We desire a closer, family-like community . Defining the meaning and form of the community that our Korean school will become is going to be our biggest challenge in 2025 .

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158 Company Number CE023212

3. Llanelli Local Team

The Llanelli local team is seeing a growing number of participating students . We are reaching out to children and their families by teaching music and art . We have partnered with the Old Road School in Llanelli and are beginning to assist with their after-school activities. We hope to broaden our touchpoints to meet more people, and by supporting the students, we aim to reach their families and the wider community beyond .

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 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

The long-term training is designed to develop ordinary Christians into disciples . It embodies the will and deep desire to cultivate those who are currently bystanders or passive participants in missions into active participants , and ultimately, into missionaries who go out into the actual field.

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:

1. Listening to God (Meditation and Prayer):

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.

2. Obstacles and Identity:

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.

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158 Company Number CE023212

3. Teamwork and Leadership:

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.

4. Language and Culture:

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.

5. Mission Perspectives:

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."

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Frontline Nations CIO for the year to 31[st] March 2025

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:

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…………………………………………

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Frontline Nations CIO for the year to 31[st] March 2025

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:…13 January 2026……

Nicola Lewis (EasyBooks Wales Ltd)

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158 Company Number CE023212

STATEMENT OF FINANCIAL ACTIVITIES Including Summary Income and Expenditure Account

For the year ended 31st March 2025

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
26,890
0		 Restricted
Funds
0
0		 Total
Funds
26,890
0
0
39,400		 last year
16,170
0
300
48,690
65,160
45,060
45,060
20,100
0
20,100
20,100
221,659
0
241,759
39,400
66,290 0 66,290
48,344 0 48,344
48,344 0 48,344
17,946 0 17,946
0
17,946		 0
0
0
170,000
170,000		 0
17,946
17,946 17,946
71,759
89,705		 241,759
259,705

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158

Company Number CE023212

BALANCE SHEET
As at 31st March 2025
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
32,230		 Unrestricted
Funds
32,230		 Restricted
Funds
170,000
170,000
0
0
0
0
0
170,000
0
170,000
170,000
0
170,000
0		 Total
Funds
202,230		 last year
194,862
194,862
1,668
45,919
47,587
690
690
46,897
241,759
0
241,759
221,659
20,100
241,759
0
Funds
32,230
32,230
2,204
55,991		 202,230
2,204
55,991
58,195 58,195
720 720
720 720
57,475 57,475
89,705
0		 259,705
0
89,705 259,705
71,759
17,946		 241,759
17,946
89,705 259,705
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……………………..

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158

Company Number CE023212

Notes to the financial statements

for the year ended 31 March 2025

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.

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158 Company Number CE023212

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% Buildings 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:

----- Start of picture text -----
This Year Last Year
Donations Received 26,890 16,170
Grants Received 0 300
Rent 39,400 48,690
66,290 65,160
----- End of picture text -----

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
Cleaning
Loss on Sale of Asset
Depreciation
Professional Fees
Accounting Fees
Uniform
Refreshments Purchased		 This Year
Last Year
14,791
3,682
14,028
19,816
0
1
2,163
963
1,982
7,789
140
0
1,999
1,795
805
1,055
0
0
723
846
1,150
1,038
1,771
795
2,729
2,429
0
0
0
0
5,315
4,161
0
0
750
690
0
0
0
0
48,344
45,060

5. Trustee Expenses

£291 was paid out of pocket by Wonkwon Shim and £239 by C.J. Kim and these were fully reimbursed during the year.

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Frontline Nations CIO for the year to 31[st] March 2025

Charity Number: 1192158 Company Number CE023212

6. Governance Costs

This year Last Year
Fee for Examination of Accounts
750		 690

7. Staff Expenditure

There were no paid 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 1.4.24
Additions
Disposals
Cost at 31.3.25
Accumulated Depreciation 1.4.24
Charge this year
Released on disposal
Accumulated Depreciation 31.3.25
Net Book Value 31.3.25		 Fixtures &
Equipment
Property
Motor		 Total
564
201,015
0
4,908
7,775
0
0
0
0
5,472
208,790
0
352
6,365
0
1,191
4,124
0
0
1,543
10,489
0
3,929
198,301
0		 201,579
12,683
0
214,262
6,717
5,315
0
12,032
202,230

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
£ 2,204
£ 2,204
£
£
£		 Last Year
0
1,668
1,668

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Frontline Nations CIO for the year to 31[st] March 2025

Company Number CE023212

Charity Number: 1192158

11. Creditors and Accruals

Amounts falling due within 1 year are as follows:

Trade Creditors
Accruals
£
£
£		 This Year

0
720
720
£
£
£		 Last Year
0

690
690

12. Analysis of Funds

General Funds
Restricted Funds
Building Fund (Fixed asset)
Other Restricted (Llanelli Town Council)
Total Funds		 Opening
Funds
Income
Expenditure
Transfers		 Closing
Funds
71,759 66,290
48,344
0		 89,705
170,000
0		 0
0
0
0
0
0
0
0
66,290
48,344
0		 170,000
0
170,000 170,000
241,759 259,705

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.

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