CHARrrY REGISTRATION NUMBER: 01004056 Cardiff Chinese Christian Church Unaudited Financial Statements 29 February 2024 JONATHAN RHODES BSC BFP FCA Chartered accounlants Walter Hunter & Co Limiled Chartered Accountants 24 Bridge Street Newport South Wales NP20 4SF
Cardiff Chinese Christian Church Financial Statements Year ended 29 February 2024 Page Trustees, annual report Independent examinerfs report to the trustees Statement of financial activities Statement of financial position Notes to the financial statements The following pages do not forni part of the financial ststements Detailed statement of financial activities 19 Notes to the d8tailed statement of financial activities 21
Cardiff Chinese Christian Church Trustees. Annual Report Year ended 29 February 2024 The trustees present their report and the unaudited financial ststements of the charity for the yaar ended 29 February 2Q24. Reference and admlnlstratlve detalls Registered Charity name Cardtff Chinese Chrislian Church Charity registration number 01004056 Principal office 65 Llandaff Road Cardiff CF119NG The trustees DrA Ng Mr A Chan Lcchan Chairman Independent examlner Mr Jonathan Rhodes BS¢ BFP FCA Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport South Wales NP20 4SF Slrudurfj* govemance and management Nature of the goveming documerrt and constitution of the charity Cardiff Chinese Christian Church is a charity. registered on 3 Septambar 1991. The charity was established under a Trust Deed which estsblished the objects and powers of the charity. Th8 methods adopted for the r8cruitment and appointment of new trust8e5 I new trustees are elected at the AGM aftar putting their names forward for election.
Cardiff Chinese Christian Church Trustees. Annual Report {conHn¥moJ Year ended 29 February 2024 Objectives and activitios A summary of the objects of the charity as set out in its governing document The objects of the Cardiff Chinese Christian Church are to promote th8 advancement of the Christian Faith and to preach the Gospel of Jesus Christ as sel forth in the Holy Scriptures. primarily but not exclusively amongst the Chinese in Cardiff and South Wales areas. In furtherance of the said objects. but not further or otherwsa. Ihe Church may: 1. Provide a splrltual home primarily. but not exclusively. for th8 Chinèse In Cardiff and the South Wales area. To rAre for their spiritual welfare and to equip spiritually. 2. Co-operate with Christian churches and %)cieties whose doctrinal basis agrees with ours. To fost8r a Christian world view. lo share in promoting the world-wide missK)n of Chrfst, and partlcularly to pray for the Chinese people worl&wide. 3. Exercise the following wwers in GonneGtion with and in furtherance of the said objects. bul not further or othetwise: . Collect 2nd dlsseminate infomiation on all matter affecting the said objects. Procure to be written and print. publish. issue and circulate either gratultously or otherwise such papers, books, periodicals, pamFthlets or any other fomi of media as shall further the said objects. Purchase. take on lease or in exchange. hire or otharwise acquire any property and any rlghts and prtvileges necessary for the promotion of the said objects and construct. maintain, alter and rebuild any buildings or erections necessary for the work of the Church. Make regulations for any property which may so 8cquired. Subject to such consents as may be required by law. sell. let. mortgage. dispose of or tum to account all or any of the Fyoperty or assets of the Church. Raise funds and invtle and e1Ve contribuiions from any person or persons whatsoev8r by way of subscriptions and otherwise. Receive money on deposit or loan and borrow or raise money in such a manner as the Church shall think frt subject to Such consents as may be required by law. Invest the moneys of the Church not immediately required for Ihe said objects in or upon such inveslments. S8curities or propety as may think fit, subject nevertheless to such conditions (rf any) as may for the time being be imposed or required by law. Do all such other lawful things as are necessary for Ihe allainment or furtherance of the said objects.
Cardiff Chinese Christian Church Trustees. Annual Report {conllnuedJ Year ended 29 February 2024 Objectives and activities (¢onllnu¢dJ Summary of main activities of the charity in relation to its objects The following Is a summary of Ihe main 8th1e$ of Ihe charty during the year:_ 1) The Annual General Meeting will take place on Sunday 31st March 2024. 2) The Church nomially has 3 Worships every Sunday conducted in 3 different languages.. English. Cantonese & Mandarin in order to meet th8 n88ds of different language groups. Varfous Bible study groups for people of diffenI ages & backgrounds in weekdays were held, & overseen by the pastora] workers & Church leaders. Evangelistic meetings were held in differant languag8 groups lo preach the Gospel of Christ Jesus. We also started a Youth Sunday Service during the year to cater for the increasiTKJ number of teenagers attending our church. 3) We have had more brothers and sisters baptised in our church. as well as some brotherslsisters baplised in other churches joining the CCCC membership during the financial year. The Church has over 200 m&mbers at the end of the financial y8ar. 4) The Church continue to welcome new immigrants from Hong Kong through the BNO slatus scheme announced by the UK government since Year 2021. Fellowships, talks and different Bible study groups have been set up to help these people settling in Wales. 5) The following meetings have also been held: Both the Cantonese and Mandarin Chinese Schools and children Bible classes Youth and young teens groups, youth fellowships in different languages Boys & Gids Brigade in Mandarin Oversea students. fellowships Christsnas celebrations chinese Year celebrations Following the lift of Covid restrictÈons. most of our activities have resum8d physical meetings. 7> We request vclunteet5 rnvolved in children's and youths works and fellowship, Sunday school teaching, have undergone DBS check. The Church Cowoperated and worked tO3ether with other organisalions and Christian Churches such as the Chinese Overseas Christian Mission, UK Ambassadors for Christ, Overseas Missionary Fellowship, Operation Mobility, Swansea Chinese Christian Church. Newport Chinese Communty Centre & other Chinese Christian Churches. 9) Church Websiie". www.cardiffcccc.org
Cardiff Chinese Christian Church Trustees. Annual Report (conlinued) Year ended 29 February 2024 Achiev8m8nts and rfornianc8 Summary of main achievelnents of the charity in relation to its objects During the financial year. Cardiff Chinese Christian Church has: Continue to promole the advancement of the Christian Faith. to preach the Gospel of Jesus Christ and provide spiritual care of the Chinese through: Pastoral teaching and car8 by our pastoral team.. Rev Sam Wong (Pastor Emerilus). Rev Peter Lee and Rev Chian Hong Tan" Churth Elders: Dr Atan Ng. Pastor Jonathan Chim resigned at the end of June 2023 and Paslor Wilson Chan joined our Pastoral team as a part tiTne workar from July 2023. Dr Lei Zhang, one of the Putonghua Council members, joined the UKAFC {UK Ambassadors for Christ) as their full time workerlmissionary. from November 2022. The decision was fully supported by the Church Council. Church Council Committee: Rev Sam Wong R8v Peter Le8 Rev Chian Hong Tan Pastor Jonalhan Chim Resigned 30 June 2023 Paslor Wilson Chan Jolned 1 Juty 2023 DrAan Ng Church Elder. Council Chaimian. Mission Se¢retary and Sunday School Superintendent English Congregation Chairman Putonghua Congregation Chaiman Cantonese Congregation Chairman Treasurer Secretary Mr Sean Cheung Mr Nianxue Song Mrs Carina Chan Mr Alvin Chan Mrs Becky Wong 2) Our Chinese Schools continues to provide both physl¢al and online teachings to children from 5 years old to late teens every Sunday during temi times. We have around 150 pupils in total. 3) The Church's website and facebook have been updated from time to time. thus to disseminate news & infomiation of th8 Church to the public. Flnancial review Policy on reserves It Is the policy of the charity to maintain unrestTiCted reseryes. which ar8 fr88 r8seNes, at a lèvèl to cover redundancy provision and three months running costs should no further donations and fvnding be received. The charivs unrestricted reserves will be used. as and vthen necessary in futur8. to fund shortfalls arising on funded projects. They will also be used to temporarily fund projects whose own funding has ased until new funding can be sought. Public benefit Tre trustees confirm that they have referred to th8 guidanc8 contained in the Charity Commission's general guidance on public benefft when reviewlng the ChartV5 aims and objeclives and in planning fulure activities.
Cardiff Chinese Christian Church Trustees. Annual Report (eonlinued) Year ended 29 February 2024 Plans for future periods The trustees agreed aims for 202412025. mim)r those of this year and continue to resolv8 to build upon achlevements in developing and enhancing existing and new setvicas to the Chinese community. Our 8ims include: 1) Continue to promote the advanrnent of Ihe Christian Faith. to preach the Gospel of Jesus Christ and provide spiritual care of the Chinese. through different social media platfom)s. 2} Continue to provide pastoral and spiritual care for Chinese Chrislians as well as non-believers. 3) To continue weekdays Bible study groups. fellowships and Sunday Worships for people's spiritual needs. 4) To continue lo work with other Christian churches and organisations to further our aims and objectives. To encourage donations for the Church daily running and activities use, To continue to work with Ic)¢al authorities and olher Black & Minority Ethnic groups locally, as well a5 Other Chinese groups nationally. 7) To continue and develop the Children, Teens & youlh Clubs. by invdving mor8 volunteers on children & youths work. To continue running Chinese School in order to leach Chinese and prepare the pupils for taking the GCSE & A-levels Chinese exams. 9) To organise social and health tslks to help 0p1a wslh useful informatK)n. We would tak8 this opportunity to thank all the volunteers who have been working unstintingly with zeal and altruistic commitrnent to the good of the Chinese community and amongst the Christians. We would also like lo thank those who have mad8 donations Ii)wards the Church. The trustees. annual report was approved on 31 March 2024 and slgned on behalf of the board of trustees by: Al.- C DrANg Trustee Mr A Chan Twstee
Cardiff Chinese Christian Church Independent Exarninerfs Report to the Trustees of Cardiff Chinese Christian Church Year ended 29 February 2024 I report to the trustees on my examination of the financial statements of Cardiff Chinese Christian Church (Ihe charity'} for the year ended 29 February 2024. Responslbllltles and basls of report As the trustees of the charity you are responsiTr)le for the preparation of the financial statèmants in accordance with the requirements of the Chariiies Act 2011 {'the Acf ). I report in Spect of My examination of the charity's financial statements carried out under section 145 of the 2011 Act and in ¢2rying out my examination I have followed all the applicable Directions givèn by the Charity Commission under section 145{5){b) of Ihe Ad. Independent examinerfs statement Since the charity's gross income exceeded £250.000 your examiner musl be a member of 8 body listed in section 145 of the 2011 Act I confimi that l am quallfled to undertake th8 examination because l am a member of the Institute of Chartered Accounlants in England and Wales (ICAEWI, which is one of the listed bodies. I have completed my examination. I confinn that no material matters have Gome to my attention in connection with the examination giving me cause to believe that in any material respect: accounting records were not kept in respect of the charity as required by section 130 of the Act: or the financial ststements do not accord with those racords,. or the financial statements do not comply with the applicable reqU1MentS ¢on¢ernlng the form and content of accounts set out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the aG¢ounts give a 'true and falrf )A8w whlch Is nol a matter considered as part of an independent examination. I have no COnmS and have come across no other matters in connection with the examination to which attention should be drawn in this report in ordeT lo enable a proper understanding of the accounts to be reached. Mr Jonalhan Rhodes Bsc BFP FCA Independent Examiner Walter Hunter & Co Limited Chartered Accounknts 24 Bridge Str8et Newport South Wales NP20 4SF 31 March 2024
Cardiff Chinese Christian Church Statement of Financial Actlvlties Year ended 29 February 2024 2024 Restricted funds Total funds Total funds 2023 Unr8slricied funds Note Income and endowm8nts Donations and legacies Charitab18 activities Other trading adivities Investmenl income 310.531 49,726 32.236 360.257 32.236 1.877 7.088 309,226 1,877 7.088 5,985 Totel income 319.496 81,962 401.458 315,211 Expenditure Expenditure on Charitable activities 208.693 117.770 326.463 268,500 Total expenditure 208.693 117,770 326.463 268,500 N8l income 110,803 (35.808) 74,995 46,711 Transfers between funds (26.096) 26.096 Nel movement in funds 84,707 (9,712} 74,995 46,711 Reconciliation of funds Totsl funds brought forward Total fund$ ¢arriad forward 809,150 893.857 464,412 454.700 1,273.562 1,348.557 1.226,851 1.273,562 The statement of financial activities indudes all gains and losses recognised in the year. All Income and expenditure derive from continuing activities. The notss on pages 9 to 17 forni part of thos0 flnanclal ststements.
Cardiff Chinese Christian Church Statement of Financlal Position 29 February 2024 2024 2023 Note Fixed assets Tangible fixed assets 17 747.703 767,914 Current assets Debtors Cash at bank and In hand 18 65.674 604,970 670.644 42,441 502,930 545,371 Credttors: amounts falling due wlthln one year Net currenl assets 19 69,790 39,723 600,854 1.348,557 1.348,557 505,648 1.273,562 Total ass•ts less curr8nt liabilities Net assets 1,273,562 Funds of the charity Restricted funds Unrestricted funds 454,700 893,857 464,412 809,150 Total charity funds 21 1.348,557 1.273,562 Thes& financlal statements were approved by the board of trustees and authorised for issue on 31 March 2024, and are signed on behalf of the board by: DrANg Trustee Mr A Chan Trustee The notes on pages 9 to 17 forni part of these flnan¢lal $tatemgnts.
Cardiff Chinese Christian Church Notes to the Financial Statements Year ended 29 February 2024 General information The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal offi'ce is 65 Llandaff Road. Cardiff. CF119NG. ststement of compliance These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the Statement of Recommended Practice applicable to charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Iland (FRS 102) (Charities SORP (FRS 102)} and the Chanties Act 2011. Accounting policies Basis of preparation The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue as a going concern. Judgements and key sources of estimation uncertainty The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors. including expectations of future events that are believed to be Easonable under the circumstances. Fund accounting The charity maintains a general unrestricted fund which represents funds which are expendable at the discretion of the trustees in furtherance of the objects of the charity. Such funds may be held in order to finance both working capital and capital investment Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds have been provided to the charity for particular purposes. and it is the policy of the board of trustees to carefully monitor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfers between funds. Government grants Govemment grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there És reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. here the grant does not impose specified fijture perfomanctrrelated conditions on the recipient, it is recognised in income when the grant proceeds are received or re1Vable. Vere the grant does impose specified future perfOrMan-re1ated conditions on the recipient, it is recognised in income only when the perfomiance-related conditions have been met Vvhere granis received are prior to satisfying the revenue recognition criteria, they are recognised as a liabilty.
Cardiff Chinese Christian Church Notas to the Financial Statements {conthued) Year ended 29 February 2024 Accounting policies (contlnue Incomlng resources All income is included in the statement of financtal activities when entitlement has passed to the charity. it is probable that the economic beneffts associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and tts amount can be measured reliably. Resources expended Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial actNtti'es to which it relates- expenditure on raising funds includes the costs of all fundraising acttvities, events, non-charitable trading acttvities, and the sale of donated goods. expenditure on charitable acttvities includes all costs incurred by a charity in undertaking activities that further its charrtable aims for the benefit of its beneficiaries. including those support costs and costs relats'ng to the governance of the charity apportioned to charitable activities. other expenditure includes all expenditure that 15 neither related to raising funds for the charity nor part of rts expenditure on charitable activtties. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activty are allocated directly to that activity. Shared costs are apportioned beeen the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded at cost. and subsequently stated at cost less any accumulated depreciation and impairment losses. Depreciation Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows: Land & Buildings Fixtures & Fittings Computer Equipment 2% straight line 20°/o straight line 15.kn reducing balance Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrumenL Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instwment. Current assets and current liabiltties are subsequently measured at the cash or other consideration expected to be paid or reiVed and not discounted. 10-
Cardiff Chinese Christian Church Notes to the Financial Statements (conflnueo) Year ended 29 February 2024 Accounting policies (conllnuedj Defined contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Donations and legacles Unrestricted Funds Restricted Total Funds Funds 2024 Donatlons General Offerings Gift Aid Offerings Sunday School Donations Gift Aid Tax Refunds Fellowship & Gathering Donations Missionary Donations Flower Offering 110,241 156,754 110,241 156,754 16,952 44,928 10,553 20,829 16.952 1,392 1Q.553 2Q,829 43,536 310,531 49,726 360,257 Unrestsicted Funds Restricted Total Funds Funds 2023 Donations General Offerings Gift Aid Offerings Sunday School DonatnS Gift Aid Tax Refunds Fellowship & Gathering Donations Missionary Donations Flower Offering 103.169 118.126 103,169 118,126 16,085 38,833 18,951 13,722 340 16,085 38,833 18,951 13,722 340 260,128 49,098 309,226 Charitable actlvltles Restricted Total Funds Funds 2024 Restricted Total Funds Funds 2023 Taith grant 32.236 32,236 Other trading activities UnstriCted Total Funds Unrestricted Totsl Funds Funds 2024 Funds 2023 Sale of Books Rental Income 127 1,750 127 1,750 1,877 1,785 4,200 1,785 4,2QO 1,877 5,985 5,985
Cardiff Chinese Christian Church Notes to the Financial Ststements (¢onbnuedJ Year ended 29 February 2024 Investment income Unrestricted Total Funds Unrestricted Total Funds Funds 2024 Funds 2023 Bank interest re1vable 7,088 7.088 Expendtture on charitable activities by fund type Unrestricted Funds Restricted Totsl Funds Funds 2024 Chapel & Manse Expenses Costs of Church Ministry Putonghua Youth Mission Costs of Mission Costs of Sunday School Support costs 50,385 96,268 50,385 96,268 32,236 78,804 14,935 53,835 32,236 44,495 14,935 26,104 34,309 27,731 208,693 117,770 326,463 Unrestricted Funds Restricted Total Funds Funds 2023 Chapel & Manse Expenses Costs of Church Ministy Putonghua Youth Mission Costs of Mission Costs of Sunday School Support Costs 24,125 107,575 24,125 107,575 25,003 37,150 14,287 21,220 72,657 62,153 14,287 60,36Q 268,500 39,140 195,843 Expendfture on charitable activities by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Chapel & Manse Expenses Costs of Church Ministry Putonghua Youth Mission Costs of Mission Costs of Sunday School Other activity costs Governan costs 50,385 96.268 32,236 78,804 14,935 50,385 96,268 32,236 78,804 16,630 49,733 2,407 326,463 24,125 107,575 62,153 15,727 56,869 2,051 268,500 1,695 49.733 2.407 272,628 53,835 12-
Cardiff Chinese Christian Church Notes to the Financial Statements (C*tInued} Year ended 29 February 2024 10. Anatysis of 8UPPQrt costs Other activity costs Sunday Fellowship & School Gathering Flower Offering Totsl 2024 Total 2023 Communications and IT General office Finance costs Motor & travel Fellowship & gathering Leg81 & professional Independent Examiners, Fees Flower offering Depreciation 1,587 4,047 949 6,656 1.5B7 5,742 949 6,656 1,860 7,251 671 2,000 1.695 14,375 14,375 19,648 2,676 2,676 3,209 1.458 1,458 1,380 132 24,209 60,360 181 20.211 20,211 53,835 37,584 1,695 14,375 181 11. Taxation As a charity. Cardiff Chinese Communty Centre is exempt from tax on income and gains, to the extent that such income or gains are applied exclusively to charitable purposes. No tax charges have arisen in the charity. 12. Net income Net income is stated after chargingl(crediting): 2024 2023 Depreciation of tangible fixed assets 20.211 24,209 13. Independent examination fees 2024 2023 Fees payable to the independent examiner for: I ndependent examination of the financial statements 1,4S8 1,380 14. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows. 2024 2023 Wages and salaries Social security costs Employer contributions to pension plans 90,647 3,657 1,964 96,268 97,028 5,098 5,449 107,575 13-
Cardiff Chinese Christian Church Notes to the Financial Staternents (conllnuedj Year ended 29 February 2024 14. Staff costs (continued) The average head count of employees during the year was 3 {2023'. 3). No employee received employee benefits of more than £60,000 during the year (2023: Nil). No indernnity insurance <2023: nil) has been paid to protect the charity from loss arising from the neglect or defaults of its trustees or to indemnify its trustees against the consequences of any neglects or defaults on their part . 15. Trustee remuneration and expenses No remuneration or other benefits from employment yth the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 16. Transfers belween funds A transfers of £22,274 (2023: £23.428) and £3,822 (2023: £697) were made from unrestricted reserves to the Missionary Fund and the Fellowship & Gathering Fund which equates to the Church's Contribution to these funds. 17. Tangible fixed assets Land and Fixtures and buildings fittings Equipment Total Cost At 1 March 2023 and 29 February 2024 Depreciation At 1 March 2023 Charge for the year At 29 February 2024 Carrying amount At 29 February 2024 At 28 February 2023 847.843 72.122 61,941 981.906 101,622 16,957 72,121 40,249 3,254 213,992 20,211 118.579 72,121 43,503 234,203 729.264 18,438 21,692 747,703 767,914 746,221 18. Debtors 2024 2023 Prepayments and accrued income Gift Aid tax rebate 26.138 39.536 4,051 38,39Q 42,441 65,674 14-
Cardiff Chinese Christian Church Notes to the Financial Statements {¢onUnued) Year ended 29 February 2024 19. Credltors: amounts falllng due within one year 2024 2023 Accruals and deferred income Social security and other taxes Pension creditor Other creditors 58,116 1,885 366 9,423 69,790 15,225 2,584 491 21,423 39,723 20. Deferred income 2024 2023 Amount deferred in year 37,929 21. Anatysis of charitable funds Unrestricted funds At 1 March 2023 At 29 February 2024 Income Expenditure Transfers General Fund Designaled Fund - Building maintenance Designated Fund - Human Resources & Overheads 674,583 319.496 (201,853) (231,876) 560.350 96.717 (6,840) 196,055 285,932 37,850 809,150 9.725 (26,096) 47.575 319,496 {208,693) 893.857 At 1 March 2022 At 28 February 2023 Income Expenditure Transfers General Fund Designated Fund - Building maintenance Designated Fund - Human Resources & Overheads 617.917 266,113 (195,843) (13,604) 674,583 70.704 26,013 96,717 74.384 763.005 (36,534) (24,125) 37,850 266.113 {195,843) 809,150 15-
Cardiff Chinese Christian Church Notes to the Financial Statements (conb"nued) Year ended 29 February 2024 21. Anaty8is of charitable funds (continuld) A transfer of £31,055 was made from General unrestricted resetves to the Building Maintenance designated fund in the year which each equates to 10¥0 of total offerings received in the year, including Gift Aid. A further transfer of £165.000 was made to this designated fund which equates to the sales proceeds received in the previous financial year on the sale of 16 Dylan Place. A transfer of £9,725 was made from General unrestricted reserves to the Human Resources & Overheads designated fund. It is the policy of the charity to designate funds equal to a redundancy provision plus 3 months running costs in the event that no further funding or donations are received. Restrlcted funds At 1 March 2023 At 29 February2 024 Income ExFEnditure Transfers Sunday School Fund Chapel & Manse Fund Sports Activities Fund Missionary Fund Fellowship & Gathering Fund Flower Offering Putonghua Youth Mission 19,928 443.695 336 16,952 {16.630) (9,853) 20,250 433,842 336 22.221 (44,495) 22,274 10.553 (14.375) (181) 3,822 453 272 32,236 (32,236) (117,770) 464,412 81,962 26,096 454,700 At 1 March 2022 At 28 February 2023 Income Expenditure Transfers Sunday School Fund Chapel & Manse Fund Sports Activities Fund Missionary Fund Fellowship & Gathering Fund Flower Offering Putonghua Youth Mission 19,570 443,695 336 16,085 (15.727) 19,928 443,695 336 13,722 (37,150) 23,428 18.951 340 (19.648) (132) 697 245 453 463,846 49.098 (72,657) 24,125 464,412 16-
Cardiff Chinese Christian Church Notes to the Financial Statements (conthued) Year ended 29 February 2024 21. Analysls of charitable funds (contlnued) Sundayschool Fund These funds are the restricted balances held by the Putonghua and Cantonese Sunday Schools. Chapel 8 Manse Fund These funds represent restricted donations receNed by the church to fund the purchase of the church buildings. The associated annual deprecation charge is allocated to this fund. Ptrtonghua Youth Misslon This activity is funded by Welsh Govemment, via Taith, and provides funds to support the church's Putonghua youth mission and global cultural exchange with the Boys Brigade Malaysia. Activities include community work in underprivileged communities and working with the youth groups in local churches. 22. Analysls of net assets between funds Unrestricted Funds Restricted Totsl Funds Funds 2024 Tangible fixed assets Current assets Creditors less than 1 year Net assets 313,861 587,134 (7,138) 893,857 433,842 83,510 {62,652) 454,700 747,703 670,644 (69,790 1,348,557 Unrestricted Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 324,219 493,231 (8.300) 809,150 443.695 52,140 {31,423) 464,412 767,914 545,371 (39,723) 1,273,562 23. Related parties During the year ended 29 February 2024 unrestricted donations totalling £5,030 were ceiVed from trustees of the charity (2023: £5.550). This figure is the net donation before Gift Aid was claimed. 17-
Cardiff Chinese Christian Church anagement Information Year ended 29 February 2024 The followlng pages do not fomi part of the financial statements. 18-
Cardiff Chinese Christian Church Detailed Statement of Financial Activities Year ended 29 February 2024 2024 2023 Income and endowments Donations and legacies General Offerings Gift Aid Offerings Sunday School Donations Gift Aid Tax Refunds Fellowship & Gathering Donations Missionary Donations Flower Offering 110,241 156,754 16,952 44,928 10,553 20,829 103,169 118,126 16,085 38,833 18,951 13,722 340 360,257 309,226 Charitable activities Taith grant 32,236 Other trading activities Sale of Books Rental Income 127 1,750 1,785 4,200 1,677 5.985 Investment Income Bank interest receivable 7,088 Totsl income 401,458 315,211 -19-
Cardiff Chinese Christian Church Detsiled Statement of Financial Activities (contlnueo) Year ended 29 February 2024 2024 2023 Expendlture Expenditure on charitable activities INages and salaries Employerfs NIC Pension costs Rates and water Light and heat Repairs and maintenance Insurance Cleaning Travel costs Legal and professional fees 90,647 3,657 1,964 1.329 17,990 23,040 3,565 4,461 38,892 4.134 97,028 5,098 5,449 1,098 7,839 8,932 3,190 3,066 2,000 4,277 F 11 Telephone & internet Other office costs Depreciation Other interest payable and similar charges Ministry donations English Ministry Cantonese Ministry Putonghua Ministry Ministry Conference Children's Ministry Sunday Schools Fellowship & Gathering events Flower expense 1.587 4,047 20,211 949 44,495 3,339 20,256 6,743 1,860 6.123 24,209 671 37,150 2,168 16,933 3.040 150 2.712 15,727 19,648 132 3.971 16,630 14,375 181 326.463 268,500 Total expenditure 326,463 268,500 Net Income 74,995 46,711 -20-
Cardiff Chinese Christian Church Notes to the Datailed Statement of Financial Activities Year ended 29 February 2024 2024 2023 Expenditure on charitable activities Chapel & Manse Expenses Activities undertaken dlrectly Rates & water Light & heat Repairs & maintenance Insurance Cleaning 1,329 17,990 23,040 3,565 4A61 1,098 7,83g 8,932 3,190 3,066 50.385 24,125 Costs of Church Ministry Activities undertaken direcrfy Wages & salaries Employerfs NIC Pension costs 90,647 3,657 1.964 97,028 5,098 5,449 96.268 107,575 Putonghua Youth Mission Activities undertaken direcdy Travel and support costs Costs of Mission Activities undertaken directly Ministry Donations English Ministry Cantonese Ministry Putonghua Ministry Ministry Conference Children's Ministry 32,236 44.495 3.339 20,256 6,743 37,150 2,168 16,933 3.040 150 2.712 3.971 78,804 62,153 Costs of Sunday School Activities undertaken directly Cost of activities Rent Repairs & maintenance Cleaning 8.907 3.204 8,155 1,920 1,852 2,360 2.824 Carried forward 14.935 14,287 21
Cardiff Chinese Christian Church Notss to the Detailed Statement of Financial Activities (continued) Year ended 29 February 2024 2024 2023 Brought forward 14,935 14,287 14.935 14,287 Support costs Other general costs Other actlvlty costs Support costs Other motorltravel costs Legal and professional fees Telephone & internet Other office costs Depreciab"on Fellowship & Gathering events Flower expense 1,695 1,440 6,656 2,676 1.587 4,047 20,211 14,375 181 2,000 2,897 1,860 6,123 24,209 19,648 132 49,733 56,869 Governance costs Accountancy fees Bank charges 1,458 949 1,380 671 2,407 2,051 Expendlture on charitable activities 326,463 268,500