2024-12-31-accounts - Dongrae Central Presbyterian Church UK

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

Trustees’ Annual Report for the period

From 24 Apr 2024 Period start date To 31 Dec 2024 Period end date

Charity name: Dongrae Central Presbyterian Church UK

Charity registration number: 1208448

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	To advance the Christian Faith in accordance with the statement of beliefs by the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on christianity to enlighten others about the christian faith as the trustees from time to time may think fit.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	The organization is a church organization that holds regular services online on zoom which consist of regular teaching of making attendants aware and knowledgeable about the principles, and beliefs of the Christian faith. Prayers are offered to interested parties. This is the make-up of the regular services that are held every week. The organization advertises on social media https://www.facebook.com/dcpcuk; this enables the general public to engage with its services. The organization also holds special services or seminars online where the structure of the service is solely focused on teaching principles of the Christian faith. This involves teaching the principles of the Christian Faith based on the Statement of Beliefs, which incorporates singing and prayers that are offered to interested participants in the community. The organisation is also involved in sharing the Christian message on the streets of Sutton on Saturday afternoons with interested members of the public and gives out tracts and Christian literature to members of the public in order to raise an awareness of the Christian message and its ethos.

Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that they have had due regard to the Charity Commission’s guidance on public benefit when exercising their duties and planning the charity’s activities. The church operates for the advancement of the Christian faith, holding regular worship services, prayer meetings, and Bible study groups which are open to the public.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	Attendants receive the encouragement of harmony. •Attendants benefit from mutual instruction, encouragement, and correction. •Attendants gain opportunities for joy, mutual comfort, unity, encouragement, and peace. •Attendants receive God-given opportunities to develop patience. •Attendants become aware of God-given opportunities to grow in kindness and forgiving others. •Attendants receive mutual encouragement and growth that comes from corporate worship before God. The success of the church’s activities is evaluated by regular meetings of the

leadership of the Church, where discussions on how to constantly improve the church activities to benefit all beneficiaries are held.

Additional information (optional) You may choose to include further statements	Additional information (optional) You may choose to include further statements	where relevant about:
Achievements against objectives set	Para 1.41
Performance of fundraising activities against objectives set	Para 1.41
Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	At the end of the financial year, the charity remains in a stable financial position. Total income for the period was £172,324, with total expenditure of £139,342. The closing balance of funds was £32,982. No significant liabilities are outstanding, and all commitments are being met as planned. The trustees are satisfied that the charity remains financially sustainable and well- positioned to continue delivering its charitable objectives in the coming year.
Statement explaining the policy for holding reserves stating why they are held	Para 1.22
Amount of reserves held	Para 1.22
Reasons for holding zero reserves	Para 1.22	The charity does not currently hold any reserves due to its small scale of operations and reliance on regular incoming funds to meet ongoing expenses. All income received is used directly to support the charity’s charitable activities within the same financial period. At present, the trustees consider this approach appropriate given the charity’s funding model and cost structure. However, the trustees recognise the importance of building a reserve to strengthen the charity’s financial resilience and are actively exploring ways to develop a reserves policy and set aside funds in future years as income allows.
Details of fund materially in deficit	Para 1.24
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal sources of funds (including Para 1.47 any fundraising) Investment policy and objectives including any Para 1.46 social investment policy adopted

A description of the principal Para 1.46 risks facing the charity Other

Structure, Governance and Management

Description of charity’s trusts:		The charity is structured as a Charitable Incorporated Organisation (CIO) and is governed by its constitution dated 29th May 2024. It does not hold or administer any separate trusts. All funds are applied in accordance with the charitable purposes set out in its constitution.
Type of governing document (trust deed, royal charter)	Para 1.25	Constitution
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	CIO
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Trustees are appointed in accordance with the provisions set out in the charity’s constitution. New trustees are elected by the existing board of trustees through a majority vote at a quorate meeting. Trustees are appointed for an initial term of three years and may be re- elected for subsequent terms. The charity does not have any external body or individual with the authority to appoint trustees. All appointments are made internally, ensuring that candidates have the necessary skills, experience, and commitment to support the charity’s aims. A skills audit is undertaken periodically to inform recruitment and support effective governance.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and training of trustees	Para 1.51
The charity’s organisational structure and any wider network with which the charity works	Para 1.51
Relationship with any related parties	Para 1.51
Other

Reference and Administrative details

Charity name Dongrae Central Presbyterian Church UK Other name the charity uses Registered charity number 1208448 Charity’s principal address 14 Maulsford Avenue, EH22 1PJ

Names of the charity trustees who manage the charity

Trustee name	Office (if any)	Name of person (or body) entitled to appoint trustee (ifany)
JunSoo Park	Rev	Church GoverningDocument
SungHoon Chung	Rev	Deacons election
HangJae Kim		Deacons election

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Rev. Dr. JunSoo Park Position (eg Secretary, Chair, etc) Chair Date 28 May 2025

Charity Name No (if any) Dongrae Central Presbyterian Church UK Receipts and payments accounts CC16a For the period Period start date Period end date To from 24-Apr-24 31-Dec-24

Section A Receipts and payments	Section A Receipts and payments
A1 Receipts	Unrestricted funds to the nearest £ 172,324 - - - - - - - 172,324 - - - 172,324 139,110 157 75 - - - - - - 139,342 - - - 139,342 32,982 - - 32,982	Restricted funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Endowment funds to the nearest £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds to the nearest £ 172,324 - - - - - - - 172,324 - - - 172,324 139,110 157 75 - - - - - - 139,342 - - - 139,342 32,982	Last year to the nearest £
Offerings	172,324				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
*Sub total*(Gross income for AR)	172,324				-

A2 Asset and investment sales, (see table).
	-
	-				-
**Sub total **	-				-
*Total receipts* A3 Payments
					-

Ministerial	139,110				-
Transport	157				-
SundryExpenditure	75				-
	-				-
	-				-
	-				-
	-				-
	-				-
	-				-
**Sub total **	139,342				-

A4 Asset and investment purchases, (see table)
	-
	-
**Sub total **	-				-
*Total payments* *Net of receipts/(payments)* A5 Transfers between funds A6 Cash funds last year end *Cash funds this year end*
					-

	32,982	-	-	32,982	-
	-	-	-	-	-
	-	-	-	-	-
	32,982	-	-	32,982	-

CCXX R1 accounts (SS)

2025-06-03

Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period	Section B Statement of assets and liabilities at the end of the period
Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B4 Assets retained for the charity’s own use B5 Liabilities B3 Investment assets	Signature Details Details Details Details *Total cash funds* (agree balances with receipts and payments account(s)) Details	Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - Agreement Error OK Unrestricted funds Restricted funds to nearest £ to nearest £ - - - - - - - - - - - - Fund to which asset belongs Cost (optional) - - - - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) - - - - - Print Name JunSoo Park	Endowment funds to nearest £
			-
			-
			-
			-
			OK
			Endowment funds to nearest £
			-
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			Current value (optional)
			-
			-
			-
			-
			-
			-
			-
			-
			-
			When due (optional)






			Date of approval
		JunSoo Park	27-May-25

CCXX R2 accounts (SS)

2025-06-03

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Charity Name Dongrae Central Presbyterian Church UK	Charity Name Dongrae Central Presbyterian Church UK	Charity Name Dongrae Central Presbyterian Church UK

31 December 2024	Charity no (if any)	1208448

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 / 12 / 2024 .

Responsibilities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. Independent I have completed my examination. I confirm that no material matters have examiner's statement come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

accounting records were not kept in accordance with section 130 of the Act or
the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Please delete the words in the brackets if they do not apply.

Date: Signed: 28 May 2025 Name: YounHee Kim Relevant professional Not applicable qualification(s) or body (if any): Address: 56, Elmbourne Rd, London SW17 8JJ

October 2018

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any items that the examiner wishes to disclose .

October 2018

IER