CHARITY REGISTRATION NUMBER: 01004056 Cardiff Chinese Christian Church Unaudited Financial Statements 28 February 2025 Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport South Wales NP20 4SF
Cardiff Chinese Christian Church Financial Statements Year ended 28 February 2025 Page Trustees, annual report Independent examiner's report to the trustees Statement of financial activities statement of financial position Notes to the financial statements 10
Cardiff Chinese Christian Church Trustees, Annual Report Year ended 28 February 2025 The trustees present their report and the unaudited financial statements of the charity for the year ended 28 February 2025. Reference and admlnlstrative details Registered charity name Cardiff Chinese Christian Church Charlty registration number 01004056 Prlnclpal office 65 Llandaff Road Cardiff CF119NG The trustees Dr Alan Wang Tat Ng Mr Alvin Hon Biu Chan Mrs Lam Ching Chan Chairman Independent examiner Mr Jonathan Rhodes Bsc BFP FCA Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport South Wales NP20 4SF Structure, governance and management Nature of the governing document and constitution of the charity Cardiff Chinese Christian Church is a charity. registered on 3 September 1991. The charity was established under a Trust Deed which established the objects and powers of the charity. The methods adopted for the recruitment and appointment of new trustees All new trustees are elected at the AGM after putting their names forward for election.
Cardiff Chinese Christian Church Trustees. Annual Report (continued) Year ended 28 February 2025 Objectives and actfvlties A summary of the objects of the eharity as set out in its governlng document The objects of the Cafdiff Chinese Christian Church are to promote the advancement of the Christian Faith and to preach the Gospel of Jesus Christ as set 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 otherwise, the Church may.. 1. Provide a spiritual home primarily, but not exclusively, for the Chinese in Cardiff and the South Wale5 area. To care for their spiritual welfare and to equip spiritually. 2. Ctroperate with Christian churches and societies whose doctrinal basis agrees wtth ours. To foster a Christian world view, to share in promoting the world-wide mission of Christ, and particularly to pray for the Chinese people world-wide. 3. Exercise the following powers in connection with and in furtherance of the said objects, but not further or otherwise: _ 3.1 Collect and disseminate information on all matter affecting the said objects. 3.2 Procure to be written and print, publish. issue and circulate either gratuitously or otherwise such papers, books, periodicals, pamphlets or any other form of media as shall fvrther the said objects. 3.3 Purchase, take on lease or in exchange, hire or otheFwise acquire any property and any rights and privileges 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. 3.4 Make regulations for any propety which may be so acquired. 3.5 Subject to such consents as may be required by law. sell, let, mortgage, dispose of or turn to account all or any of the propety or assets of the Church. 3.6 Raise funds and invite and receive contributions from any person or persons whatsoever by way of subscriptions and otherwise. 3.7 Receive money on deposit or loan and borrow or raise money in such a manner as the Church shall think fit subject to such consents as may be required by law. 3.8 Invest the moneys of the Church not immediately required for the said objects in or upon such investments, securtties or property as may think fit, subject nevertheless to such conditions (if any) as may for the time being be imposed or required by law. 3.9 Do all such other lawful things as are necessary for the attainment or furtherance of the said objects.
Cardiff Chinese Christian Church Trustees, Annual Report (conlinued) Year ended 28 February 2025 Objectives and activities (Continued) Summary of main activities of the charity In relation to Its objects The following is a summary of the main activities of the charity during the year:_ 11 The Annual General Meeting will tske place on Sunday 27 April 2025. 2) The Church normallv has 3 Worships every Sunday conducted in 3 different languages: English. Cantonese & Putonghua in order to meet the needs of different language groups. Various Bible study groups ft)r people of different ages & backgrounds in weekdays were held & overseen by the pastoral workers & Church leaders. Evangelistic meetings were held in different language groups to preach the Gospel of Christ Jesus. We also started a Youth Sunday Service during the year to cater for the increasing number of teenagers attending our church. 3) We have had more brothers and sisters baptised in our church, as well as some brothers/slSters baptised in other churches joining the CCCC membership during the financial year. The Church has over 200 members at the end of the fsnancial year. 4} The Church continue to welcome new immigrants from Hong Kong through the BNO status 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= 5.1 Both the Cantonese and Putonghua Chinese Schools and children Bible dasses 5.2 Youth and young teens groups, youth fellowships in different languages 5.3 Boys & Girls Brigade in Putonghua 5.4 Oversea students. fellowships 5.5 Saturday service and Chinese classes in Newport 5.5 Christmas celebrations 5.6 Chinese Year lebratIonS 6) We request volunteers involved in children's and youths works and fellowship, Sunday school teaching, have undergone DBS chec 7) The Church co-operated and worked together with other organisations and Christian Churches such as the Chinese Overseas Christian Mission, UK Ambassadors for Christ, Overseas Missionary Fellowship, Operation Mobilisation, Swansea Chinese Christian Church, Newport Chinese Community Centre & other Chinese Chrisb'an Churches. 8) Church Website: www.cardiffcccc.org
Cardiff Chinese Christian Church Trustees. Annual Report (contlnued) Year ended 28 February 2025 Achlevements and performance Summary of main achievements of the charity in Telatlon to its objects During the financial year, Cafdiff Chinese Christian Church has= 1) Continue to promote the advancement of the Christian Faith. to preach the Gospel of Jesus Christ and provide spiritual care of the Chinese through= Pastoral teaching and care by our pastoral team.. Rev Hing Wong (Pastor Emeritus), Rev Ka Ho Lee and Rev Tan Chian Hong., Church Elders: Dr Alan Wang Tat Ng. Pastor Wai Shan Wilson Chan resigned at the end of June 2024 and Rev Chun Lo Sang Joined our Pastoral team from August 2024. 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 Hing Wong Rev Ka Ho Lee Rev Tan Chian Hong Rev Chun Lo Sang Pastor Wai Shan Wilson Chan Dr Alan Wang Tat Ng Joined 1 August 2024 Resigned 1 June 2024 Church Elder, Council Chairman. Mission Secretary and Sunday School Superintendent English Congregation Chairman Putonghua Congregation Chairman Cantonese Congregation Chairman Treasurer Secretary Mr Sean Kin-Lun Cheung Mr Nianxue Song Mrs Lam Ching Chan Mr Alvin Hon Biu Chan Mrs Rebecca Yeuk Hei Wong 21 Our Chinese Schools continues to provide both physical and online teachings to children from 5 years old to late teens every Sunday during temi times. We have around 150 pupils in total. 31 The Church's website and fabook have been updated from time to time, thus to disseminate news & information of the Church to the public.
Cardiff Chinese Christian Church Trustees, Annual Report (Continued) Year ended 28 February 2025 Financial review Transactions and financial position The financial statements are set out on pages 8 to 20. These financial statements have been prepared in Complian 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) (Charits'es SORP (FRS 102)) and the Charities Act 2011. The Statement of Financial Activities shows a surplus for the year of a revenue nature of £86,692 {2024 surplus.. £74,995). The surplus is after charging depreciation of £20,022 (2024.. £20,211). The total reserves at the year end stand at £1.435,249 {2023: £1,348.557). Policy on reserves The trustees aim to maintain free resep4es in unrestricted funds at a level which equates to approximately six months of unrestncted charitable expendtture. The charity's unrestricted reserves will be used, as and when necessary in future, to fund shortFalls arising on funded projects. They will also be used to temporarily fund projects whose own funding has ceased until new funding can be sought. Public benefit The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the Charity's aims and objectives and in planning future activities.
Cardiff Chinese Christian Church Trustees. Annual Report(¢ontinued) Year ended 28 February 2025 Plans for future periods The trustees agreed aims for 2025126, mirror those of this year and continue to resolve to build upon achievements in developing and enhancing existing and new services to the Chinese community. Our aims include: 11 Continue to promote the advancement of the Christian Faith. to preach the Gospel of Jesus Christ and provide spiritual care of the Chinese, through different social media platforms. 2) Continue to provide pastoral and spiritual care for Chinese Chrisb'ans as well as non-believers. 3) To continue weekdays Bible study groups. fellowships and Sunday Worships for people's spiritual needs. 4} To continue to work with other Christian churches and organisations to further our aims and objectives. 5) To encourage donations for the Church daily running and activities use. 6) To continue to work with local authorities and other Black & Minority Ethnic groups locally, as well as other Chinese groups nationalty. 7) To continue and develop the Children, Teens & youth Clubs. by involving more volunteers on children & youths work. 8) To continue running Chinese School in order to teach Chinese and prepare the pupils for taking the GCSE & A-levels Chinese exams. 9) To organise social and health talks to help people with useful infomiation. We would take this opportunity to thank all the volunteers who have been working unstintingly with zeal and altruistic commitment to the good of the Chinese community and amongst the Christians. We would also like to thank those who have made donations towards the Church. The trustees, annual report was approved on signed on behalf of the board of trustees by: 11 Nov 2025 and Dr Alan Wang Tat Ng Trustee Mr Alvin Hon Biu Chan Trustee
Cardiff Chinese Christian Church Independent Examiner's Report to the Trustees of Cardiff Chinese Christian Church Year ended 28 February 2025 I report to the trustees on my examination of the f nancial statements of Cardiff Chinese Christian Church {'the charity,) for the year ended 28 February 2025. Responslbillties and basis of report As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Acf). I report in respect of my examination of the charity's financial ststements carried out under section 145 of the 2011 Act and in carrying out my examination I have ft)Ilowed all the applicable Directions given by the Charity Commission under section 145(5}{b} of the ACL Independent examinerfs statement Since the charity's gross income exeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confim that l am qualrfied to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies. I have completed my examination. I confi'rm that no material matters have come 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 statements do not accord with those records; or the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Chartties (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a "'true and fair. view which is not a matter considered as part of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Mr Jonathan Rhodes Bsc BFP FCA Independent Examiner Walter Hunter & Co Limited Chartered Accountants 24 Bridge Street Newport South Wales NP20 4SF 11 Nov 2025
Cardiff Chinese Christian Church Statement of Financial Activities Year ended 28 February 2025 2025 Restricted fijnds Total funds Total funds 2024 Unrestricted funds Note Income and endowments Donations and legacies Charitable activities Other trading activities Investment income 294,270 65,220 52,964 359,490 52,964 74 12,600 425.128 360,257 32,236 1,877 7,088 74 12,249 351 Total income 306,593 118,535 401,458 Expenditure Expenditure on charitsble activities Total expenditure 217,508 120,936 338,444 338,444 326,463 326,463 217,508 120,936 Net income 89.085 (2,401) 86,684 74,995 Transfers between funds (5,094) 5,094 Net movement In funds 83,991 2,693 86.684 74,995 Reconciliation ol funds Total funds brought forward Total funds carried forward 893,857 454,700 1,348,557 1,273,562 977.848 457,393 1.435.241 1,348,557 The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from conts"nuing acts'vities. The notss on pages 10 to 19 fonn part of these financial statements.
Cardiff Chinese Christian Church Statement of Financial Position 28 February 2025 2025 2024 Note Fixed assets Tangible fixed assets 17 729.684 747,703 Current assets Debtors Cash at bank and in hand 18 44.070 680,762 724,832 65,674 604,970 670,644 Creditors: amounts falling due within one year Net current assets 19 19,275 69,790 705,557 600,854 Total assets less current liabilities 1,435,241 1,348,557 Net assets 1,435,241 1,348,557 Funds of the charity Restricted funds Unrestricted funds 457,393 977,848 454,700 893,857 Total charity funds 21 1.435.241 1,348,557 These financial statements were approved by the board of trustees and authorised for issue on "1.1 Nov 2025 and are signed on behalf of the board by.. Al.. N Al.- CL_ Dr Alan Wang Tat Ng Trustee Mr Ajvin Hon Biu Chan Trustee The notss on pages 10 to 19 forni part of these financial statements.
Cardiff Chinese Christian Church Notes to the Financial Statements Year ended 28 February 2025 General inforniatlon 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. Statement 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 accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities 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 uncertainb'es about the charity's ability to continue as a going concem. 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 reasonable under the circumstances. Fund accounting The charity maintains a general unrestricted fvnd 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 monrtor the application of those funds in accordance with the restrictions placed upon them. There is no formal policy of transfers between funds. Incoming resources All income is included in the ststement of financial activities when entitlement has passed to the charity, it is probable that the economic benefits 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 its amount can be measured reliably. 10-
Cardiff Chinese Christian Church Notes to the Financial Statements (continuedj Year ended 28 February 2025 Accounting policies (continued) Incoming resources (¢ondnued) Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received. Where the grant does not impose specified tUre performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performance-related conditions on the recipient, it is recognised in income only when the perfomance-related conditions have been met. INhere grants received are prior to satisfying the revenue recognition criteria, they are recognised as a 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 statement of financial activities to which it relates= expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charitable activities indudes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charty apportioned to charitable activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated direcdy to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are Initial 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 200/0 Straight line 150/0 reducing balance 11
Cardiff Chinese Christian Church Notes to the Financial Ststements fcontinuedj Year ended 28 February 2025 Accounting policies (continued) Financial instruments A financial asset or a financial liability is recognised only when the entity becomes a paty to the contractual provisions of the instrument 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 instrument. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Dellned contribution plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Donations and legacies Unrestricted Funds Restricted Total Funds Funds 2025 Donations General Offerings Gift Aid Offerings Sunday School Donations Gift Aid Tax Refunds Fellowship & Camp Donations Missionary Donations 103,120 153,365 103,120 153,365 21,817 40,025 12,684 28,479 359,490 21,817 2,240 12,684 28,479 65,220 37.785 294,270 Unrestricted Funds Restricted Total Funds Funds 2024 Donations General Offerings Gift Aid Offerings Sunday School Donations Gift Aid Tax Refunds Fellowship & Camp Donations Missionary Donations 110,241 156.754 110,241 156,754 16,952 44,928 10,553 20,829 16,952 1,392 10,553 20,829 43,536 310,531 49,726 360,257 Charitable activities Restricted Total Funds Funds 2025 Reslricted Total Funds Funds 2024 Taith grant 52,964 52,964 32,236 32,23S 12-
Cardiff Chinese Christian Church Notes to the Financial Statements {conUnued) Year ended 28 February 2025 Other trading actlvities Unrestricted Total Funds Unrestricted Total Funds Funds 2025 Funds 2024 Sale of Books Rental Income 74 74 127 1,750 127 1,750 74 74 1.877 1,877 Investment income Unrestricted Funds Restricted Total Funds Funds 2025 Bank interest receivable 12,249 351 12,600 Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable 7,088 7.088 Expenditure on charitable activities by fund type Unreslricted Funds Restricted Total Funds Funds 2025 Chapel & Manse Expenses Costs of Church Ministry Putonghua Youth Mission Costs of Mission Costs of Sunday School Support costs 45.853 105.716 45,853 105,716 52,964 60,423 18,494 54,994 52,964 31,558 18,494 17,920 28,865 37.074 217,508 120.936 338.444 Unrestricted Funds Restricted Total 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 13-
Cardiff Chinese Christian Church Notes to the Financial Statements (continued) Year ended 28 February 2025 Expenditure on charitable activities by activity type Activities undertaken directly Support costs Total funds 2025 Total fund 2024 Chapel & Manse Expenses Costs of Church Ministry Putonghua Youth Mission Costs of Mission Costs of Sunday School Other activity costs Governance costs 45,853 105,716 52,964 60.423 18,494 45,853 105.716 52,964 60,423 19.224 51.744 2,520 50,385 96,268 32,236 78,804 16,630 49,733 2,407 730 51,744 2,520 283,450 54,994 338,444 326,463 10. Analysis of support costs Other activity costs Sunday Fellowship & School Gathering Flower Offering Total 2025 Total 2024 Communications and IT General office Finance costs Motor & travel Fellowship & camps Legal & professional Independent Examiners. Fees Flower offering Depreciation 2,491 3,211 912 6,786 2.491 3.941 912 6,786 1,587 5,742 949 6,656 730 16,939 16,939 14,375 2,044 2,044 2,676 1,608 1,608 251 20,022 1,458 181 20,211 251 20,022 37,074 730 16,939 251 54.994 53,835 11. Taxation As a charity, Cardiff Chinese Christian Church 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)'. 2025 2024 Depreciation of tangible fixed assets 20,022 20,211 14-
Cardiff Chinese Christian Church Notes to the Financial Statements {¢onllnued) Year ended 28 February 2025 13. Independent examlnation fees 2025 2024 Fees payable to the independent examiner for. Independent examination of the financial statements Other financial services 1,530 921 1,458 931 2,451 2,389 14. Staff costs The total staff costs and employee beneffts for the reporting period are analysed as follows". 2025 2024 Wages and salaries Social security costs Employer contribub'ons to pension plans 98,454 5.130 2,132 105,716 90,647 3,657 1,964 96,268 The average head count of employees during the year was 3 <2024" 3). No employee received employee benefrts of more than £60,000 during the year {2024: Nil). No indemnity insurance (2024= 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 with the charity or a related entity were received by the trustees. No trustee expenses have been incurred. 16. Transfers between funds Transfers of £839 (2024: £22,274) and £4.255 (2024: £3,822) were made from unrestricted reserves to the Missionary Fund and the Fellowship & Camp Fund which equates to the Church's contribution to these fijnds. 15-
Cardiff Chinese Christian Church Notes to the Financial Statements (conllnued) Year ended 28 February 2025 17. Tangible flxed assets Land and Fixtures and buildings fith'ngs Equipment Total Cost At 1 March 2024 Additions 847.843 72,122 61,941 2,003 981,906 2,003 983,909 At 28 February 2025 Depreciation At 1 March 2024 Charge for the year At 28 February 2025 Carrying amount At 28 February 2025 At 29 February 2024 847,843 72,122 63.944 118,579 16,957 72.121 43,503 3,065 234,203 20.022 135,536 72,121 46,568 254,225 712,307 17,376 729,684 729,264 18.438 747,703 18. Debtors 2025 2024 Prepayments and accrued income Gift Aid tax rebate 9,070 35,000 26,138 39,536 65,674 44,070 19. Creditors: amounts falling due withln one year 2025 2024 Accruals and deferred income Social security and other taxes Pension creditor Other creditors 9,725 2,686 511 6.353 58,116 1,885 366 9,423 19,275 69,790 20. Deferred income 2025 2024 Amount deferred in year 37,929 16-
Cardiff Chinese Christian Church Notes to the Financial Statements (conllnued) Year ended 28 February 2025 21. Analysls of charitable funds Unrestricted funds At 28 February 2025 At 1 March 2024 Income Expenditure Transfers General Fund Designated Fund- Building maintenance Designated Fund - Human ReSoUrS & Overheads 560.350 306, 593 (217.508) (39,214) 610,221 285.932 29,427 315,359 47,575 4,693 52.268 893.857 306.593 (217,508) (5,094) 977,848 At 29 February 2 024 At 1 March 2023 Income Expenditure Transfers General Fund Designated 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 9,725 47.575 809,150 319,496 {208,693) (26,096) 893,857 A transfer of P29.427 (2023: £31,055) was made from General unrestricted reserves to the Building Maintenance designated fund in the year which each equates to 10 % of total offerings received in the year, including Gift Aid. In the previous year, a further transfer of £165,000 was made to this designated fund which equated to the sales proceeds received on the sale of 16 Dylan Place. A transfer of £4,693 (2023: £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. Transfers of £839 (2024.. £22,274) and £4,255 (2024: £3,822) were also made from unrestricted reserves to the Missionary Fund and the Fellowship & Gathering Fund which equates to the Church's contribution to these funds. 17-
Cardiff Chinese Christian Church Notes to the Financial Statements Intinued) Year ended 28 February 2025 21. Analysis of charitable funds (continued) Restrfcted funds At 28 February 2025 At 1 March 2024 Income Expenditure Transfers Sunday School Fund Chapel & Manse Fund Sports Activities Fund Missionary Fund Fellowship & Camp Fund Flower Offering Putonghua Youth Mission 20,250 433.842 336 22.168 (19,224) 23,194 433,842 336 30,719 (31,558) 839 12,684 (16.939) (251) 4,255 272 21 52.964 (52,964} (120,936) 454,700 118.535 5,094 457,393 At 29 February 2 024 At 1 March 2023 Income Expenditure Transfers Sunday School Fund Chapel & Manse Fund Sports Activities Fund Missionary Fund Fellowship & Camp 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 Sunday School Fund These funds are the restricted balances held by the Putonghua and Cantonese Sunday Schools. Chapel & Manse Fund These funds represent restricteiy donations received by the church to fvnd the purchase of the church buildings. The associated annual deprecats'on charge is allocated to this fund. Putonghua Youth MissiTon This activity is funded by Welsh Government, 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. 18-
Cardiff Chinese Christian Church Notes to the Financial Statements (¢onllnuedJ Year ended 28 February 2025 22. Analysls of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2025 Tangible fixed assets Current assets Creditors less than 1 year Net assets 295,842 695,981 (13,975) 977,848 433,842 28,851 {5,300) 457,393 729,684 724,832 (19,275) 1,435,241 Unrestricted Funds Restricted Total 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 23. Related parties During the year ended 28 February 2025 unrestricted donations totalling £6,760 were received from trustees of the charity (2024: £5,030). This figure is the net donation before Gift Aid was claimed. 19-