KOREAN EDUCATION FOUNDATION

Registered charity 1154679 · accounts filings on the Charity Commission register

The advancement of Korean language education in England for the children of Korean origin or descent and to support and advance the awareness of Korean culture in England.

Objects

THE ADVANCEMENT OF EDUCATION, IN PARTICULAR BUT NOT EXCLUSIVELY, IN KOREAN LANGUAGE,HISTORY AND CULTURE IN UK AND FOR THE BENEFIT OF LOCAL COMMUNITY(A) BY THE PROVISION OF LAND, BUILDINGS, ROOMS AND EQUIPMENT FOR STUDENTS BOTH MALE AND FEMALE AND ALL NECESSARY AND PROPER ANCILLARY SERVICES FOR SUCH AN ESTABLISHMENT(B) BY THE PROVISION OF EDUCATIONAL BOOKS AND APPARATUS, INCLUDING ALL ANCILLARY FACILITIES AS WELL AS A LIBRARY, FOR PURPOSES OF REFERENCE(C) BY THE PROVISION OF LECTURES, TEACHING AND ADMINISTRATIVE STAFF AND ALL OTHER PERSONNEL WHO ARE NECESSARY OR DESIRABLE TO SERVE THE CHARITY(D) BY ANY OTHER MEANS WHICH SHALL BE CHARITABLE AND WHICH THE GOVERNING BODY OF THE CHARITY MAY THINK FIT4 2 TO PURCHASE AND MANAGE A REAL PROPERTY FOR THE PURPOSE OF ESTABLISHING A KOREAN COMMUNITY CENTRE WHICH WILL SERVE TO FURTHER THE ADVANCEMENT OF EDUCATION FOR RESIDENTS OF KOREAN ORIGIN AND THE PUBLIC[NOTHING IN THE ARTICLES SHALL AUTHORISE AN APPLICATION OF THE PROPERTY OF THE CHARITY FOR PURPOSES WHICH ARE NOT CHARITABLE IN ACCORDANCE WITH SECTION 7 OF THE CHARITIES AND TRUSTEE INVESTMENT(SCOTLAND) ACT 2005 AND/OR SECTION 2 OF THE CHARITIES ACT (NORTHERN IRELAND) 2008]

Area of benefit: NOT DEFINED

The charity’s charitable objects and area of benefit, quoted from its governing document as held on the Charity Commission register.

Causes: General Charitable Purposes · Education/training · Arts/culture/heritage/science · Amateur Sport · website · Get email alerts

Latest income

£57k

Latest spending

£37k

Registered

2013

Accounts read

FY2024

Financial health, per its FY2024 accounts

The accounts state that unrestricted reserves stood at £1,629,479 at the end of the year, representing a net increase from the previous year. The trustees report that despite reduced income streams, the charity does not expect to face financial challenges in the coming 12 months. The financial statements were subject to an independent examination rather than a full audit.

Automated summary of the FY2024 accounts; the evidenced findings below carry the verbatim passages.

What the accounts disclose

Accounts independently examined (not a full audit). Discloses 4 of 6 completeness components.

Policies the charity declares

In its annual return the charity told the Commission that it has the policies listed below. This is self-declared: it is not verified by the Commission or by this site, and it is not evidence of how a policy works in practice.

Bullying and harassment policy and procedures
Campaigns and political activity policy and procedures
Complaints handling
Complaints policy and procedures
Conflicting interests
Financial reserves policy and procedures
Internal charity financial controls policy and procedures
Internal risk management policy and procedures
Investing charity funds policy and procedures
Paying staff
Risk management
Safeguarding policy and procedures
Safeguarding vulnerable beneficiaries
Serious incident reporting policy and procedures
Social media policy and procedures
Trustee conflicts of interest policy and procedures
Trustee expenses policy and procedures
Volunteer management

Funders the charity credits

Named as funders/supporters on the charity’s own website (the charity’s claim, distinct from accounts-verified grants).

재영한국상공회의소(KOCHAM UK) — “재영한국상공회의소(KOCHAM UK): £2,000” (source page)

Property (HM Land Registry)

1 registered title in England and Wales held by the charity’s company or corporate body (1 freehold). All charity-held property. Contains HM Land Registry data © Crown copyright, OGL v3.0.

Public profiles (found on the charity’s own website): instagram

Register events

Received assets from another charity (29/10/2014) — per the register’s event history; asset transfers typically record mergers or reorganisations.

Trustees · trustee networks

Jeong Eun Jangchair
Choi Kyungsoon
DOO CHEOL HA
Dr Sung Eun Bae
HAHN, Min Suk
Hye-Jong Linda Lee
LEE YOUNG CHAE
PARK, Okjin
SUNGWON JUN

Trustee list from the Charity Commission register (current, not historical).

Operates in: Surrey

Income and spending

Financial year end	Income	Spending
31/12/2024	£57k	£37k
31/12/2023	£57k	£62k
31/12/2022	£47k	£41k
31/12/2021	£45k	£55k
31/12/2020	£68k	£66k

Common questions

Is KOREAN EDUCATION FOUNDATION financially healthy?

Per its FY2024 accounts: The accounts state that unrestricted reserves stood at £1,629,479 at the end of the year, representing a net increase from the previous year. The trustees report that despite reduced income streams, the charity does not expect to face financial challenges in the coming 12 months. The financial statements were subject to an independent examination rather than a full audit. Its FY2024 accounts were independently examined.