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2024-04-05-accounts

A CHURCH TRUSTEES' ANNUAL REPORT

For the Year Ended 5 April 2024

(Accounting Period: 6 April 2023 – 5 April 2024)

1. Reference and Administrative Information

Charity Name A Church
Charity Registration No. 1199227
HMRC Reference No. 061000106885
Bank Lloyds Bank
Account Name A Church
Account Number 47139268
Sort Code 30-96-26
Accounting Period 6 April 2023 – 5 April 2024

Trustees

Name Role Appointed
Hoasung Kim Chair of Trustees 03/06/2022
Ji Young Lee Trustee 03/06/2022
Yelin Noh Trustee 03/06/2022
Dr Gabriel Lim Trustee / Contact 03/06/2022

2. Structure, Governance and Management

Constitution

A Church is a registered charity governed by its Constitution. The charity was established to advance the Christian faith and to carry out associated charitable purposes for the public benefit in accordance with the doctrines and practices of its denomination.

Appointment of Trustees

Trustees are appointed in accordance with the charity's governing document on the basis of skills, knowledge, and experience needed to manage the charity effectively.

Risk Management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems and procedures are in place to manage those risks. Key risks include financial sustainability, operational continuity, and regulatory compliance.

3. Objectives and Activities

Objects of the Charity

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

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The objects of A Church are the advancement of the Christian faith for the benefit of the public, together with the relief of financial hardship and support for the wider community through charitable giving.

Public Benefit

The trustees confirm they have had regard to the Charity Commission's guidance on public benefit. The church provides a place of worship and pastoral support open to all, and contributes to charitable causes locally and internationally.

Main Activities

During the year ended 5 April 2024, the charity undertook the following activities:

4. Achievements and Performance

During the accounting period from 6 April 2023 – 5 April 2024, key highlights included:

5. Financial Review

Income

Description Notes Amount
(£)
General individual donations Regular tithes, offerings and one-off
gifts from members
41,833.69
Corporate donation Corporate donations received during the
year
7,250.73
Total Income 49,084.42

Expenditure

Description Notes Amount
(£)
Venue rental (worship & events) Hired venues for weekly services,
seminars, and events
12,688.50
Missionary support & hospitality Hospitality for visiting ministry teams 5,787.30

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

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Ministry expenses & honorariums Pastoral housing support, guest
speaker honorariums, mission trips, and
ministry training
22,479.84
Charitable giving Donations to Compassion UK, Moriah
Church, and Shepherds Church
1,828.00
Equipment purchase (audio/streaming) Microphones, speakers, and broadcast
equipment
4,332.05
Licensing & subscriptions CCLI worship licence and other
subscriptions
434.86
General supplies and admin expenses Snacks, stationery, and miscellaneous
items
75.00
Total Expenditure 47,625.55

Balance Summary

Description Amount (£)
Total Income 49,084.42
Total Expenditure (47,625.55)
Net Surplus for the Year 1,458.87
Balance Brought Forward (6 April 2023) 33,929.30
Balance Carried Forward (5 April 2024) 35,388.17

Reserves Policy

The trustees aim to maintain free reserves of 3–6 months of operating expenditure. At year end, the charity held a closing balance of £35,388.17, which the trustees consider prudent.

Investment Policy

The charity does not hold any investments. All funds are held in the charity's bank account with Lloyds Bank.

6. Plans for Future Periods

The trustees intend to continue advancing the objects of the charity. Key priorities include:

7. Trustee Remuneration and Benefits

Charity Commission guidance requires that any remuneration or benefit paid to a trustee (or a person connected with a trustee) must be disclosed in the Trustees' Annual Report.

During the year, the following housing support was provided to Hoasung Kim in his capacity as the charity's pastor:

Description Amount (£)

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

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Rent 17,496.00
Council Tax 1,305.00
Bills (utilities) 798.75
Total housing support paid to trustee 19,599.75

Hoasung Kim is the Chair of Trustees and serves as the charity's pastor. The housing support was provided in connection with his pastoral duties and is included within 'Ministry expenses & honorariums' in the accounts. The trustees are satisfied that this payment was made in the best interests of the charity and was authorised under the charity's governing document.

8. Independent Examination

In accordance with Section 145 of the Charities Act 2011, the accounts are subject to independent examination as the charity's gross income exceeded £25,000 during the year.

9. Declaration of Trustees

The trustees declare that they have approved this Trustees' Annual Report and confirm that it gives a true and fair view of the activities and financial position of A Church for the year ended 5 April 2024.

Signed by: _________ Name: Hoasung Kim Role: Chair of Trustees Date: 26 February 2026

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

Page 4

A CHURCH RECEIPTS AND PAYMENTS ACCOUNTS

For the Year Ended 5 April 2024

(Accounting Period: 6 April 2023 – 5 April 2024)

1. Charity Information

1. Charity Information
Charity Name A Church
Charity Registration No. 1199227
HMRC Reference No. 061000106885
Bank Lloyds Bank
Account Name A Church
Account Number 47139268
Sort Code 30-96-26
Accounting Period 6 April 2023 – 5 April 2024
Basis of Accounting Receipts and Payments

2. Statement of Receipts and Payments

This statement summarises all money received and paid out during the accounting period.

A. Receipts (Income)

Description Notes Amount
(£)
General individual donations Regular tithes, offerings and one-off
gifts from members
41,833.69
Corporate donation Corporate donations received during the
year
7,250.73
TOTAL RECEIPTS 49,084.42

B. Payments (Expenditure)

Description Notes Amount
(£)
Venue rental (worship & events) Hired venues for weekly services,
seminars, and events
12,688.50
Missionary support & hospitality Hospitality for visiting ministry teams 5,787.30
Ministry expenses & honorariums Pastoral housing support, guest
speaker honorariums, mission trips, and
ministry training
22,479.84
Charitable giving Donations to Compassion UK, Moriah
Church, and Shepherds Church
1,828.00

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

Page 1

Equipment purchase (audio/streaming) Microphones, speakers, and broadcast
equipment
4,332.05
Licensing & subscriptions CCLI worship licence and other
subscriptions
434.86
General supplies and admin expenses Snacks, stationery, and miscellaneous
items
75.00
TOTAL PAYMENTS 47,625.55

C. Net Movement of Funds

Description Amount (£)
Total Receipts for the Year 49,084.42
Total Payments for the Year (47,625.55)
Net Surplus for the Year 1,458.87

3. Statement of Assets and Liabilities

Bank and Cash Balances

Description Amount (£)
Opening bank balance at 6 April 2023 33,929.30
Add: Net surplus for the year 1,458.87
Closing balance at 5 April 2024 35,388.17

Other Assets

The charity holds audio-visual and streaming equipment purchased during or before the period. Under Receipts and Payments basis, assets are expensed in the year of purchase.

Liabilities

At 5 April 2024, the trustees are not aware of any outstanding liabilities or commitments that have not been reflected in the accounts above.

4. Notes to the Accounts

Basis of Preparation

These accounts have been prepared on a Receipts and Payments basis in accordance with the Charities Act 2011 and Charity Commission guidance for charities with gross income of £25,000–£250,000.

Taxation

A Church is a registered charity and is therefore exempt from income and corporation tax on its charitable income and gains.

Trustee Remuneration and Benefits

During the year, housing support totalling £19,599.75 was paid to Hoasung Kim (Chair of Trustees and pastor) in connection with his pastoral duties, comprising: Rent £17,496.00, Council Tax £1,305.00, and utility bills £798.75. This amount is included within 'Ministry expenses & honorariums' in the Payments schedule above. The trustees are satisfied this was authorised under the charity's governing document and made in the best interests of the charity.

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

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Related Party Transactions

Other than the trustee housing support disclosed above, no related party transactions outside the ordinary course of the charity's activities occurred during the year.

5. Trustees' Approval

The trustees approve these Receipts and Payments Accounts for the year ended 5 April 2024 and confirm that they give a true and fair view of the financial position of A Church.

Signed by: _________ Name: Hoasung Kim Role: Chair of Trustees Date: 26 February 2026

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

A Church • Charity Registration Number: 1199227 • Registered in England and Wales

Page 3

INDEPEND Fla￿k1 S REPORT For the Year Ended 5 April 2024 (AGMunting Period.. 6 Aprtl 2023- 5Apnl 2024) To the Ttustees ofA Church Chari Details Charity Mimb A Chuycth Chorlty Reg15tratlon N 1199227 HMRC R•f•r•nc• No. 061000106885 Accountiny P•riod 6 Aprl 2023- 5 April 2024 Independent Exarninerfs Report Respective Responsibilities As the charity's Iruslees. you are responsible for Ihg preparation of the accounts in accordance with the requirements of the Charities Act 2011 Ilhe Act'i. It Is my resprnslbllity to examine the accounts as required under section 145 of the Act and to stale whether partlcAlar matters have comé to my attenllon. Basis of Independent Examinerfs Statemant My examknation was carried out in 8rxordance wich the gèneral directions given by the Charty CommissK)n. An examination indudes a review of the accounting records kept by the charity and comparison of the accounts presented with those records. It also indudes consideration of any unusual ilems or disclosures in the accounts, and seeklng explanations from you as trustees conceming any such matters. The procedu￿$ undertaken do not provide all th8 evidence that would be required in an audit, and ¢onsequenlly no opinion is given as to whgther the accounts present 8.true and fair viev/. Independent Examinerf$ Statement In Gonnection with my oxaminalon, no matters have come to my attentlon: (1} which gives me reasonable cause to b¢ll8ve that In any matgrial respèct the requlrements to keep accounting records Sn accordance vlth section 130 of the Act have not been mel., or (2) to thich, in my opinb)n. attention should be (Irawn in order lo enable a proper understanding of the accounts to be reached. Examlnerfs Delalls and Si nature Pl8as& Complete the following se¢tion. The indop8ndent &X8m￿&rrnusI be an individu81 reasonably believsdbythe trustegs to have the requisite abffltyandprncfi¢al experi&nc8 to cary oul a ¢ompet8nt 8X8min8tstrn oflhe a¢Gounts (Charibes Act 2011, 8.145(32IbJJ. Signed: Name: 54 A Chuich . Gharity Registialion Numbar. 1199227 . Règlster8d in England and Wales P¥99 1

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