LONDON GRACE CHAPEL
TRUSTEES' REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2025
REGISTERED NO 1200228
LONDON GRACE CHAPEL TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31 December 2025.
The activities of the charity
London Grace Chapel ("the Trust") exists to advance the glory of God by sharing the Good News and ourselves to the Korean and local communities in London.
Financial
The surplus for the year is £5,022 and has been transferred to the general fund.
Trustees
The Trust was administered by its three trustees:
Kyung Hee Hwang Hwa Pyeong Shon Eun Young Kang
Trustees' responsibilities
The constitution of the charity and charity law require the trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and the incoming resources and application of resources for that period. In preparing those accounts the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue its activities.
The trustees are responsible for maintaining proper accounting records which disclose, with reasonable accuracy at any time, the financial position of the charity. They 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 with an appropriate system of internal controls.
Independent Examiner of the Trust is Yang & Partners Ltd trading as Archbird of Suite 41, Chessington Business Centre, 37 Cox Lane, Chessington, Surrey, KT9 1SD.
This report was approved by the Trustees on 10th July 2026.
…………………………………
K H Hwang (Chairperson)
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LONDON GRACE CHAPEL INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES
We report on the accounts of London Grace Chapel for the year ended 31 December 2025, which are set out on pages 3 to 5.
Respective Responsibilities of Trustees and Examiner
As the charity's trustees, you are responsible for the preparation of the accounts; you consider that the audit is not required for this year under section of 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act, whether particular matters have come to our attention.
Basis of Independent Examiner's Report
Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. The examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
Independent Examiner's Statement
In connection with our examination, no matters have come to our attention:
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1) which give us reasonable cause to believe that, in any material respect, the requirements:
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i ) i) to keep accounting records in accordance with section 130 of the charities Act; and ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or
2) which, in our opinion, attention should be drawn to in order to enable a proper understanding of the accounts to be reached.
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Yang & Partners Ltd trading as Archbird
Chartered Certified Accountants Suite 41, Chessington Business Centre 37 Cox Lane Chessington Surrey KT9 1SD
10 July 2026
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LONDON GRACE CHAPEL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes INCOMING RESOURCES Donations TOTAL INCOMING RESOURCES RESOURCES EXPENDED Activities in furthernance of the charity's objects Administrative expenses 2 TOTAL RESOURCES EXPENDED Net incoming/(outgoing) resources for the year General fund carried forward 4 |
2025 2024 £ £ 35,831 14,419 |
|---|---|
| 35,831 14,419 14,379 3,555 16,430 13,775 |
|
| 30,809 17,330 5,022 (2,911) |
|
| 4,876 (146) |
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LONDON GRACE CHAPEL BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2025
| Notes Current assets Cash at bank and in hand Creditors: amounts falling due within one year 3 Total assets less current liabilities Funds General fund 4 |
2025 2024 £ £ 5,704 578 (828) (724) |
|---|---|
| 4,876 (146) |
|
| 4,876 (146) |
Approved by the Trustees on 10th July 2026 and signed on their behalf:
……………………………………………….. K H Hwang (Chairperson)
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LONDON GRACE CHAPEL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2025
1 Accounting policies
The financial statements are prepared in accordance with the Statement of Recommended " Accounting by Charities" and applicable accounting standards.
Accounting convention
The financial statements are prepared under the historical cost convention.
Incoming resources - donations
These represent voluntary donations from members and third parties which are accounted for when received.
| 2 Administrative expenses Wages and salaries Pension Rent Bank charges General expenses Accountancy fee Advertising 3 Creditors: amounts falling due within one year Other taxes and social security costs Other creditor 4 Movement in general fund At 1 January Net incoming/(outgoing) resources for the year At 31 December |
2025 £ 10,237 115 4,965 95 118 800 100 16,430 2025 £ 28 800 828 2025 £ (146) 5,022 4,876 |
2024 £ 7,660 60 5,070 56 79 600 250 |
|---|---|---|
| 13,775 | ||
| 2024 £ 24 700 |
||
| 724 | ||
| 2024 £ 2,765 (2,911) |
||
| (146) |
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