CAmBRIE YEOLIM CHURCH FINANCIAL STATEMBNTS FOR IHB YEAR ENDED 30TH NOVEMBER 2025 CONfENTS AND ADMfNISTRATtVE fNFORMATJON coKrENTS PAGE.. TDL8tees Rert Independent Examine Report StateJD¢nt of Finan¢iAI A¢tiviti¢s Balallce Sheet Notes lo the Fitwirial SlateJneDts CHAIR.. Reverend Tae Kyu Kim TRUSTEES.. Dr S SDD (TrwurEr) MTS C H Lee (resigtted 261(Hr2025) MT5MJKim Mrs S Y YIM) Mr Y M Bae (&ppollrted 27104r2(125) PRINCIPAL OFFICE: 5 Howg Road Cambrid8e CB4 3XL CHARtTY NUMBER: I11216 CHARITY INCORPORATION NUMBER.. CE023263 lall Shipley FCCA For aTKI on bebalf of. Prentis & Co Ltp Charttred AccouDtants 115c Mijton Rc•J Carnbridge CB4 IXE Barclays Bank I ChuTchill Place E14 511P
CAMBRIDGE YEOLDA CHURCH PAGE I FINANCIAL STATEMENfs FOR THE YEAR ENDED 30TH NOVLMBER 2025 TRUSTEES AhThUAL REPORT The Tn]stees present their annual Teport forthe Cambridge Y1]M Church forthe year ended 30th November 2025. The financial stateTn¢nts compty with the Charities Act 2011 and Accounting and Rqting by Charities: Statement of Recommended Practice applicable to clharities preparing their rnts in accordallce with the Fin8ncial Reporting Stondard applicable in the UK and Republic of Ireland (FRS 102) issued October 2019 (effective l January 2019). STRUCTURE. GOVERNANCE AND MANAGEMENT CambTidge Yeolim Church (the cTrwity) is an incorp)rated entity governed under a Constibjtion of a Charitable Incorporated OrgmisatiOD. The Trustees are respoDsibl¢ for the ov¢rnll tnaTwgem¢M and control of Cambridg¢ Yeolirn Cbureh alld hold regul eetings. All Trustees give th¢ir tirn£ freely aDd Do relnwierdtion was paid th¢ yw as a TTustr¢. Tntst¢¢S ¢8n b¢ reimbursed for expenses attd one TnLgtee is poid as a Reveren ORGANISATION AND APPO]NfMEhTT OF TRUSTEES The charity is ruu by the TnL8lees. The Tte¢S are tt)ade of n)embpJs of th¢ OrgaDi5atlo ¢lKted allllualty 4tthe ATJnual General Meetin OBJECTIVES AND AcrtVITIES LND PLBLJC BENEFIT The Trustees are &ware of the Charity Con)mission guida1 on Plthlic benefit and their operation of the Charity refleets this. The TrsleeS believe the Charity 1Sfie5 its public benefft obligatiOD. The object of the CIO is to &Jvance the Cbrillian faith for the benefit of the public through for example witlK> limitstion by.. (i) (2) (3) (4) (5) (6) (7) regular public worsbip. prayer. BfiJl¢ 5tt¥ty. Preathing ad teathi the Communion of the Lord's Supper whieb SI11 norllhalty be observed at 14st once A year. evatsgelism and Missio localty. regionally, n*ionally and internationa]ty; the teachin& encourdgemenL welcome and inclusioll of young pe4)ple" nuTture al growth of Christian discipl¢s: giving al ¢llCOUTaging pl8tal ¢aT¢,' encouraging relatioJLships with and 5upw othcr ChrIsti. RISK MANAGEMENr The Trnstees T¢VieW the ClriS activities gulaTt0 identify signifi(w]t risks where pjssible. they take appropriate mel9e% to mitigats ihose risks. Appropriate proccdure5 are in placc to idcntify, monitor, and r¢view Ih¢s¢ risks on a regular basks. FINANCIAL REV]EW AND RESERVES The fv]w]rial results for tbe yeaT ended 30th Nov¢rnbeT 21Y25 show overau Slwplus on Unrestricted reserves of £3,144 (2024: surplus £15,838). Th¢ ch&ity has free reserves of £IX8.859 (2024: £188236 aj apolicy ofmAintsitJillg and building their reserves to Cover any future drop5 in income and maintaining a more perttwicllt PIEsenGE in thE rity of Cambridge. DuTing th¢ riod, as allowed by the co1ton (al in with many other religious chlties). our pastor, who is also tt Trnstee, w&s rellnerated.
CAMBRIDGE YEOLJM CHURCH PAGE 2 FTNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER2025 TRUSTEES ANNUAL REPORT................. .............JCONTINUED ACHIBVBMENTS PERFORMANCE DuTing the period 1st December 2024 10 30th November 2025, the cbarily eontinlled to nk¢ progress in fulfilling its charitable objectives through a range of worship services, educationa] activities, fellowship prowammes, and ¢haritable outreach. kegular Sunday worship seryices were held ID peMn at C&stl¢ Street methist Church, Cambridge (CB3 OAH). These services were also liye-strearncd to enable members and others who Ere unable to attend in person to participate online. Sunday School programmes for children and young people were a150 condurted at the same venue. In addition, the Charity organised a number of regular wup actiNiiies, including Th'eekdav Bible study meetings and daily early morning sunrise prdyer SETViC¢S, which were made available both in person and online to encourage wider parti¢ipation among member5. To support fellowsbip arLd pastoral caT¢ Within the congtE8atio the elwity contlnued to operate cell groups (sfftall fellowship groups), which meet regularly to prowde spiritual Sllprt and community among members. The c]rIty dso supported missionary activities. providing financial a55iStance to Korean mi5si(bnari¢s seTrg in the United Kingdom and overse. This in¢lded supporting att outreach rntssion tyip to Greece to l$t a Kore8D Missionary working in the region. In line with its eolnmitment to 5erying the wider COTnrnunitv, the cbarity also supported loc41 and international charitable intiiatives, including Besom Cambridge, a local cbarity supporting people in nee(L and the Groundbr¢akcr Th¢rApy Centre in Nigeri4 which proNi(ks therdpeutic and support servicts. STATEMENT OF TRUSTEES RESPONSIBILITIES The Trustees are required by charity law to prq>are financial statements for ea¢h year which give a trne and fair view of the 5ta¢e of affairs of the charity and of the surplus or deficit of the charity for thai year. tn pr¢paTing those fJnanci&l statements, the Trnstees are requiredto:_ (a) (bl (¢) Select suitable accounting policies and then apply them consistently" make judgements and estimate5 that are reasonable and prndent. prepare the tinancial statements on a goiDg con¢ern basis unless it is inappropriat¢ to pre5uin¢ the Charity will continue in operation,. state whether the policies adopted are in accordance with the Charities Act 2011 and applicable accDunting standards alld Statements of Recomnkended PractÉce. subjeci to any material d¢pgrtur¢ disc105ed and explained the fi]Lqncial stsiements- observe the meth(Mts and principals of the Chariu¢s SORP. (d) (e) The Truste£s are responsible for keeplng proper acwullting records 'hICh disclose '1th re35ODable accuracy at any time tbe fmkmcial position of th¢ clwity and to ensure that tbe fiDanci41 statements con]ply with the Charities Act. The Trnstees are aiso responsible for Safeguarding the assets of the charity henc¢ for taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trugtees confim they have referred to the guidance contsiDed in the Charity Commtssion'5 general guidance on public benebt when reviewing the ¢haT]S aims and objectives and in planning tre activities. ON BEHALF OF THE BOARD OF TRUSTEES SUNG ON TREASURER 2310312026 DATE
CAMBRIDGE YEOLIM CHURCH PAGE 3 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025 rNDEPENDENT EXAMtNERS REPORT TO IHE TRUSTEES OF cAMBRI[E YEOLLM CHURCH I Tep)rt on the accounts of tbe Charity for the year ended 30th Novemlw 2025. RESPONSIBILITIES AND BASIS OF REPORT As th¢ ch&rity trustees of the C]0 you are Teswn517)le foTthe weparation of the accounts in accordance with th¢ Tequiremejtts of the Charities Act 2011 (IheArf). I T¢[ in r&4)ect of my exaMinOn of the CIOI accoutts carried out Lmder Section 145 of the Act. In callying out my examinthon I bave followed all applicable diTed10 giveD by the Charity Commi10n under section 145(5)(b) of the2011 Act DEPENDENT EXAMtNERE STAfEDAENT I have completed my ¢xaminatioL l th8tno n)awial matters hav¢ o)me to my fftttentioll in connection with th¢ examination giviug cause to believe that in any material res acc4)UDting records were I¢ k¢Frt as required by 5¢Ctil)D 130 of th¢ ACL or the awouDts do nol accord with those record5. or the accout)ts do not compty with the applicable Tequirnents concerning the forni and contents of accounts set out in the Charitie5 (Accounts and Report5) Regulations 21yJ8 other than any requirement that the a¢couDts giye a Irue fdir, which 15 llot a matter considered as part of an independent examinatii)n. I have no Conc and have come across no other matters in connection with the exam&nation to which attention should be drawll in this report IT) order to enable a PToper undeTStanding of th¢ accounts to be reachetL JAN SHJPLEY FCCA FOR AND ON BEHALF.. PRENTIS & CO LLP CHARTERED ACCOUNTAKrs & 115¢ Milton Road CB4 IXE
CAMBRU)GE YEOLIM CHURCH PAGE 4 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER2025 STATEM8Nf OF FINLNCIAL ACTIVITIES Total UJ)restricted 2025 Unrestiicted 2024 COME Donatiollg, alts and gift aid TecoveTJbl¢ TOTAL INCOME Notes 123.837 134.870 123,837 134.870 EXPENDITURE 120.693 119,032 TOTAL EXPENDITURE 120.693 119,032 NFf MOVEMENT IN FUNDS FOR THE YEAR 3,144 15.838 RECONCILL4TION OF FUNDS Total b&14DCC brou8bt fongard Total fi]nd balaDC¢ C4TfiEd forwllrd 189,604 173,766 192,748 189,604 The Staternent of FiD8ticial Activities illcludes all galljs and lo recognised in the year. The on pages 6 to 9 forni Imrt of these financial statements.
CAMBRIDGE YEOLtM CHURCH PAGE 5 FINANCIAL STATEMEKfs FOR THE YEAR ENDED 30TH NOVEMBER 2025 BALANCE SHEET 2025 2024 FIXED ASSETS 3,889 1,368 CURREKt ASSETS Cash at bar D¢b¢oTS 178,642 18.521 176,518 18,715 TOTAL CURRENf ASSETS 197,163 195.233 CURRENT LIABILITIES Creditor5 8.304 6,997 NET CURRENT ASSETS 188.859 188.236 TOTAL NET ASSETS 192,748 189,604 THE FUNDS OF THE CHARITY Unr¢stri¢i¢d in¢om¢ funds 192,748 189,604 TOTAL CHARITY FUNDS 192,748 189,604 The financial statements were approved by the Board of T¢$ on 13id lkn ao SUNG IN SON TREASURER The notes on pages 6 9 fonn part of th¢5e fLnanciai statemts.
CAmBRIE YEOLIM CHURCH PAGE 6 FINANCIAL STATEMENfs FOR THE YEARENDED 30TH NOVEMBER 2025 NOTES TO THE FINANCIAL STATEMEKrs ACCOUNTfNG POLICIES (a) BASIS OF PREPARATION OF FfNANCJAL STATEMENPS The fmancial ststemeDts have beenpT¢pared undeT the historical cost convention with iten]s C0Sl88d at cost or tratLWtion value unles9 othenvise ststed iti the relevant wtes to these fuwicial statements. The financia] statelluits have been prepc in accordance witb tbe StAtrmeJrt of ReeoTfJTrKnded Pl¢e. Accountillg and Reporting by ChaTiti¢s preparing their acCOw in acc4Jrdance with thE Finallcial Rewrting Standard applicable it[ the Lnited KingdoTn aJKI Republic of Ireland (FRS 102) issued October 2019 (effertive 1st JaDUary 2019) thE Fiu4Dcial Reting str]K applicabl¢ in the United Kingdom and Republic of Ir¢l2Dd (FRS 102) aDd the ckl[leS Act 2011. The TTree5 CQDsiderthere are no material U[¢5 alx)ut the Chariws ability to continue as a (b) tNCOMB In¢orne r¢Ffe8ents the amount deritrtd from the cb8rttys OTdinory a¢tivities. Income is Tecogn15ed in the period An whieh the charity is entided to receipt atld the arDouut call eaSured witb r¢asonable certainty. No income is 8tatEd n¢t of aswciated ¢xrKndTtt (c) EXPENDITURE All expenditure is accowtted for on att [TUa]S 575. Charitable expendilure wmprises those c05ts incutTed by the cbarity itt the delivery of its a¢tivities and services to benefici8r&es. Governance c(k8ts include costs associaied with meeting the constitutional and stalutory requirements of the chaTity and ¥r¢ pgrt of the chaTity adivitie8. Exrxnditure is allocated to CxpeT knding5 on a direct cost basis. (d) FIXED ASSETS AND DEPRECIATION Tangible fixed assets are stated at cost le&8 dqy1atlott. Depreciation is provided at rate5 (culated to writc off the cost of fixed I$ their estima residual value, over tb¢ir ¢xp¢¢t¢d us¢fiJl lives 011 the following b&sis: Computer ¢quipment Fixtures aTKI fittings 25 /(* straight line 25% strdight line {e) STATEMEN[ OF CASHFU)WS The Truslees have opted to take adv8ntsge of thc am¢nibncnt to CFltIeS SORP FRS 102, where&% ollly ]8rger Charities are required to pryare a Stateellt of C&5bfiow.
cAmBRE YEOLIM CHURCH PAGE 7 FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2025 NOTES TO THE FfNANCIAL STATEMENTS EXPENDITURE ON CHARTfABtE ACTIVITIES Total Unrestricted 2025 TotAI Unrestricted 2024 Gross wages Employees pension FJnployeP5 N*ionaL ILsutaDCe Inswance 67,782 .559 1.657 354 2,073 895 2.596 1.500 12,380 8,808 280 455 1292 72,949 1,786 2,106 288 1.304 892 5,676 3,442 8.327 4,60i 334 619 1,532 643 1,980 2,167 12 139 1.710 7.335 Posts¥e, stotiollery and advertisitig Housing support Speak¢rs Misslontiries R¢nt Safeguarding Software aDd subscriplioDs Misc¢lIa0s Depreciation Jndepend¢nt Examinalion fee Sunday Scbool Donations Books Travel Church Events 1071 1448 3,7LM) 498 8,593 120,693 119,032 STAFF COSTS 2025 2024 Salari¢s 67.782 72.949 The average number of employees duritig the period w&s 4 (2024: 3). No metnberof staff e4rn¢d more £60.(IXI. The keyrnatwement wsonnel of the tsity cotDPTi5¢5 the Board of Tnte£s. A Trustee, Reverend T KillL was remunerated £53,884 durtngtheyear (2024: £47,675). Trustees are allowed to b¢ rwnun¢rat¢d under th¢ ¢haTiW5 Constibjtion. The Board of Ttee5 considEr the level of renumeration to bE ill lie with compsrable ro1&5 in the lo1 area TTU5tee5 take no pwt in the deci5ioDs regarduig their employnKnt alld remuDeT4ti0
CAMBRIDGE YEOLIM CHURCH PAGB 8 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31JTH NOVEMBER 2025 NOTES TO THE FINANCEAL STATEMENrs FIXED ASSETS Fixtlwes and Computer Fittings Equipm¢nt Total COST Balao¢¢ ot 1st De¢¢mber 2024 Additiot)s 600 2,535 3.227 3,135 3,227 Balance at 30th Noveth2025 600 5,762 6,362 DEPRECIATION J3alaDce at 1st Dember 2024 Charge for th¢ year 360 150 1,407 556 1,767 71h5 Balance at 30th Novetnber 2025 510 1.963 2,473 NET BOOK VALUE AT 30tb NovembeT2025 90 3,799 3.889 FIXED ASSErs - PRIOR YEAK COST Ba]wKe 1st DccemFKr 2023 Additions Fixture5 and Computer Fittings Equipment Totsl 1,304 1,904 1,231 Balance at 30th November 2024 2,535 3,135 DEPRECIATION Balance at 1st Decemt¢r 2023 Cljarge for the ycar 210 150 914 493 1.124 643 Ba]ance at 30th November 2024 360 1,407 1.767 NET B(KIK VALUE AT 30th Novcmber 2024 240 1.128 1.368 DEB TORS 2025 2024 Prepa5Toents Gift aid recoverable 254 18,267 233 18,482 18,521 18.715 CREDITORS 2025 2024 Net Iiages and social security Ac¢nJals and defeTred income 6,114 2.190 4.901 2,096 8.304 6,997
CAMBRIDGE YEOLIM CHURCH PAGE 9 FNANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBEEi 2025 NOTES TO THE FINANCIAL STATEMENTS MOVEMKNT FUNI)S Balance at 1st Novemtr 2024 Income Expenditure 2025 Unrestrict¢d funds 189,604 123.837 (120,693) 192,748 Ba]allce at 1st Balan¢t at 30th November 2023 IDCQJD¢ Exp¢nditur¢ 2024 . PIUOR YEAR Unrc5trActsd fi]Dd5 173.766 134.870 {1 E9,032) 189,604 RELATED PARTY TRANSAcfIoNS Durillg the >tar 4 TnL wtte r¢imbur8ed for vgxiow expen5e5 as chUb Speakers, office supplies, travel and subsistence with exwLqes totalling £4.584 (2024.. £2,823 for 5 Tru5es).