2020-12-31-accounts - Manchester Alliance Church

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					Page
Trustees'	Annual Report ( including	Directors' Report )			1-10
Independent Examiner's Report
Statement	of Financial Activities (	including	Income and Expenditure	Account )	12
Balance Sheet					13
Notes to	the Financial Statements				14-24

1.Refe	rence and	rence and	Ad	ministrative Detai	ls
Chanty	Name				Manchester	Alliance	Church
Charity	Registration		Number		1092291
Company		Registration		Number	3120814
Registered		Office			Manchester	Alkance	Church
					Unit 9, The	Quadrangle
					Hulme Street
					Manchester
					M1 5GL

Board Memb	Board Memb	ers ( Dire	ctors and Tru	stees)
The following		directors	and trustees	held office from 1 January 2020 to the date of this report unless otherwise
stated;-
Chairman				Rev. Wai Chor Chiu, Minister-in-charge
Treasurer				Ngok Loi Ho
Company	Secretary			Ngok Loi Ho ( from 25 November 2020 )
Other Board		Members		Yun Liam
				Kiu Fai Tung
				Hiu Tung Angel Wong ( from 14 June 2020 )
				Po Man Tsui ( until 14 June 2020 )

Independent	Examiner	Hannah Murray Accountancy
		61 Falconers Green
		Westbrook
		Warrington
		Cheshire
		WA5 7XF
Bankers		Barclays Bank Pic
		Manchester City Office Branch
		51 Mosley Street
		Manchester
		M60 2AU
		The Bank of East Asia Limited
		3-5 Charlotte Street
		Manchester
		M1 4HB
		HSBC Bank Pic
		100 King Street
		Manchester
		M60 2HD

(A) General Fun
Income	2019	2020	Ex enses	2019	2020
General Donations	6123,605	F117,583	General Ex enses	E36,003	E28,827
Other Incomes (from fellowship, church	E22,785	E5,437	Transfer *	E163,491	E91,672
activities, etc.
Total Income	F146,390	E123,020	Total Ex enditure	E199,494	F120,499
			Net Income/ Ex enditure	(E53,104)	E2,521

(B) Other F	un	d
			Fund Titles				To Supped		Expenses
Mission Fund						CACU (Mission)				E11,613
						CACU (Admin)				E13,302
						Hong Kong Alliance	Mission - missionaries			E4,100
						Pastor Luis Sanchez —missionary				E1,200
Charity Fund						Tear Fund (UK)				E130
						City Hearts (UK)				E415
						World Vision (UK)				E480
						Barnabus Manchester (UK)				f415
						Acts 435 (UK)				E1,017
Personnel	Fund					Breakthrough ( Hong Kong) Employment expenses for office and pastoral		staff		f939 f93,544
Property Fund						Total venue related	expenses			E75,892
(C) Summary		of property			maintenance	expenses'
						2019	2020		2021
Property Maintenance				Items
						Actual Expenses Actual Expenses			Estimated	Expenses
Bank Loan	Repayment					E37,956		E38,079		E38,079
Water							E2,730	E760		E1,500
Electricity							E9,150	E6,243		E8,000
Management		Fee					f8,214	E13,281		E11,254
Waste Collection							E871	E310		E600
Maintenance		&	Repair				E5,590	E5,656		E6,000
Insurance							E5,883	E5,563		f5,700
Repayment		ofloans to		MAC believers			EO	E6,000		E18,500
Total						f70,394		f75,892		E89,633

(D) Summary ofPropeny Fund	tnco	mes	:
			Income Item		Amount	Percentage
Donations from MAC beUevers					E57,316		51 2
Donations from overseas supporters		in	the custody of Hong Kong Alliance	Mission	E11,377		10.2
Other -Tax rebate for tax year	2019/20				E36,074		32.2
Other -Bank Interest					E13
Other - donation from MAMF					E1,740		16
Other - donation from CACU (UK)					E4,800		4.4
Other- donation from religious	organisaUon/fegowshlp				f460		0.4
Total					E111,780		I00%

								Charity No. Coman No	1092291 3120814
MANCHESTER ALLIANCE	CHURCH							py .
ANNUAL ACCOUNTS FOR THE		YEAR ENDED 31 DECEMBER				2020
STATEMENT OF FINANCIAL ACTIVITIES
includin Income and Ex	enditure		Account
				Unrestricted		funds	Restricted	Total funds	Total funds
							funds	2020	2019
				General	Designated
				Fund		Fund
			Note	f		f
Income and endowments	from:
Donations			4a	118,836			135,719	254,555	327,834
Charitable activities			4b	4,184				4,184	18,259
Investments			4c				13	13	190
Total income				123,020			135,732	258,752	346,283
Expenditure on:
Charitable aci/vities			5	28,827		105,515	106,578	240,920	279,255
Total expenditure				28,827		105,515	106,578	240,920	279,255
Net income/(expenditure)	for the year			94,193		(105,515)	29,154	17,832	67,028
Transfers between funds				(91,672)		91,672
Net movement in funds				2,521		(13,843)	29,154	17,832	67,028
Reconcil/ation of funds:
Fund Balances b/f at 1 January		2020		57,271		24,738	1,210,104	1,292,113	1,225,085
Fund Balances c/f at 31 December			2020	59,792		10,895	1,239,258	1,309,945	1,292,113

AS AT 31 DECEM	BE	R 2020
				Unrestricted	Restricted	Total funds	Total funds
			Note	funds f	funds f	2020 f	2019 6
Fixed assets
Tangible assets			10	5,516	1,692,044	1,697,560	1,707,255
Concessionary loan					5,332	5,332	6,000
Current assets
Stock			12	278		278	278
Debtors			13	3,199	41,839	45,038	43,904
Cash at bank and	in hand			63,876	62,724	126,600	85,952
				67,353	104,563	171,916	130,134
Creditors: amounts		falling due within one year	14	(2,182)	(51,895)	(54 077)	(56451)
Net current assets				65,171	52,668	117,839	73,683
Total assets less	current liabilities			70,687	1,750,044	1,820,731	1,786,938
Creditors: amounts		falling due after one year	15		(510,786)	(510,786)	(494,825)
Total net assets				70,687	1,239,258	1,309,945	1,292,113
Funds ofthe Charity Unrestricted funds				70,687		70,687	82,009
Restricted funds					1,239,258	1,239,258	1,210,104
Total funds			16	70,687	1,239,258	1,309,945	1,292,113

4. Income and end
		Unrestricted	funds	Restricted	Total	Unrestricted		funds	Restricted	Total
				funds	funds 2020				funds	funds 2019
		General Designated				General	Designated
		Fund 6	Fund 6			Fund f		Funrl f
a. Donations General Fund (local donations ) General Fund (overseas donations Mission Fund Personnel Fund Property Fund (local donations ) Property Fund (overseas donations Charity Fund Bursary Fund Gift Aid Fellowships Offerings Children Sunday School Other	) )	115,572 2,011 596 21 636		1257 16987 64,317 11,720 3,608 37,830	115,572 2,011 1,257 16,987 64,317 11,720 3,608 37,830 596 21 636	123,605 3,619 235 672			3419 10033 91,687 57,373 4,302 165 32,724	123,605 3,419 10,033 91,687 57,373 4,302 165 32,724 3,619 235 672
		118,836		135,719	254,555	128,131			199,703	327,834
b. Charitable activities Chinese Language School Summer Camps and Projects Welcome Camp and Programs		4,184 4,184			4,184 4,184	8,337 6,455 3,467 18,259				8,337 6,455 3467 18,259
c.Investments Bank interest				13	13				190	190
Total income		123,020		135,732	258,752	146,390			199,893	346,283

6.Expenditure on charitable acti	vities
		Unrestricted	funds	Restricted	Total funds	Unrestricted	funds	Restricted	Total funds
	Note			funds	2020			ftinds	2019
		General Designated				General Designated
		Fund	Fuiid			Fuiid	Fund
		5	5			5	L
Direct Charitable Expenditure Donagon- Mission Fund Mission outreach Donation - Chanly Fund Theological student grant Theological student placement Chiklren Sunday School Chinese Language School Fellowships Congregeffonal costs Summer camp and prolect Welcome camp and programme		2,376 77 2,603 5,056	28,958 28,958	1,257 3,396 4,853	30,215 3,396 2,376 77 2,603 38,667	703 2,373 357 9,082 8,327 5,150 25,972	7,754 1,270 722 9,746	3,419 3,641 9,024 1,400 17,484	11,173 1,270 3,641 9,024 1,400 703 2,373 357 9,784 8,327 5,150 53,202
Support and governance costs Staff costs Mintsters working expenses Staff working expenses Printing and stsffonery Office equipment and repair Telephone and internet charges Church cleaning Sundry expenses Professional fees Accountancy fees Sank charges Depreciation Premises maintenance and repair		9,633 1,540 1,001 331 5,129 1,569 1,110 862 420 481 1,695	78,557	16,987 2,870 42,632 5,856	103,177 1,540 1,001 331 5,129 1,569 1,110 862 2,670 420 481 44,227 5,656	2,428 679 446 749 2,017 486 1,287 1,939	82,607 281 1,265 5,178	10,033 38,046 5,590	92,840 2,709 1,265 679 446 749 5,176 2,017 34,500 486 1,287 39,985 5,590
Church centre uffgties - building service charge - electndty -water -waste collection charge Bank loan Interest Insurance Exchange loss		23,771	76,557	13,281 6,243 760 310 7,721 5,583 202 101,925	13,281 6,243 780 310 7,721 5563 202 202,253	10,031	89,329	8,214 9,150 2,730 871 10,497 5,883 1,179 128,693	8,214 9,150 2,730 871 10,497 5,883 1,179 226,053
Total expenditure on charitable	activities	28,827	105,515	106,578	240,920	36,003	99,075	144,177	279,255

						2020	2019
						6
Donations	to Chinese		Alliance Churches		Union (UK) (see note 8.3)	24,915	8,773
Donations	to missionanes					5,300	2,400
						30,215	11,173
7.Staff costs
						2020	2019
						6	6
Salaries and wages Social security costs						81,603 6,754	82,024 5,713
Pension	costs (defined		contribution	scheme)		5,187	4,903
Other employee		benefits				9,633
						103,177	92,640

The avera	ge number of employees calculated	on the basis of full-time equivalents	du	ring the	y
		2020		2019
Charitable	activities		2		2
Office Administration			2		2
			4		4

		2020	2019
		6	6
Salaries		35,038	33,981 (reimbursed	CACU (UK) )
Social security costs Pension contribution		4,385 2,692	2,971 (reimbursed 2444 (reimbursed	CACU (UK) ) CACU (UK) )
Other benefits - visa application	fees	9,633	—(paid directly	by Church)
		51,748	39,396

Expenses were incurred by Rev Wai Chor Chiu durin charity objectives.	g the year as detailed below and these were	wholly in
	2020f	2019 5
Mileage allowance Car parking space Mobile phone bills Book allowance	1,260 0	1,030 1,260 49 36

During the	year, the Church has u	n the following transactions	with CACU (UK)-
			2020	2019
			5
Contribution Donations Donations Donations	to CACU (UK) for the Church to CACU (UK) General Fund to CACU (UK) Mission Fund received from CACU (UK) for	personnel office hire	93,544 13,302 11,613 4,950	92,640 8,773 1,950
9.Analysis	ofgovernance costs		2020	2019
			5
Independent examiner's fee - Examination ofthe financial statements			420	486

10. Tangible Fixed Assets	Computer &	Long Leasehold	2020	2019
	Equipment f	Building f	Total 8	Total 8
Cost
Balance as at 1 January 2020 Additions	55,555 1,395	2,099,640 33,137	2,155,195 34,532	1,945,199 209,996
Disposals
Balance as at 31 December 2020	56,950	2,132,777	2,189,727	2,155,195
~De recia ion
Balance as at 1 January 2020 Charge for the year	49,739 1,695	398,201 42,532	447,940 44,227	407,955 39,985
Disposals
Balance as at 31 December 2020	51,434	440,733	492,167	447,940
Net BookValue
As at 31 December 2020	5,516	1,692,044	1,697,560	1,707,255
As at 31 December 2019	5,816	1,701,439	1,707,255	1,537,244

14Creditors: Amounts	falling	due within	one yea	r
.					2020	2019
					F	f
Secured bank loan (see note 15) Unsecured loans from individuals Accruals		(see note	15)		32,877 18,500 2,700	32,696 21,000 2,755
					54,077	56,451
15.Creditors: Amounts	falling	due after	more than	one year	2020f	2019 f
Secured bank loan					391,786	422,325
Unsecured loans from individuals					69,000	72,500
Unsecured loans from Manchester		Alliance	Mandarin	Fellowship	50,000
					510786	494 825

The secured bank loan is repayable by 155 monthly ins repayments:	talments as follows and are currently ba	sed on equa
	2020	2019
	f	f
In one year or less Between one and two years Between two and five years After five years	32,877 32,877 98,631 260,278	32,696 32,696 98,088 291,541
	424,663	455,021

secue The year end balances ofthese loans amounted to f87,5	00 are repayable as follows:
	2020f	2019
In one year or less Between one and two years Between two and five years	18,500 46,000 23,000	21,000 18,500 54,000
	87,500	93,500

			Balance	Balance				Balance
			1 January f	2020	Income 6	Expenditure 6	Transfers 6	31 December 6	2020
Unrestricted Funds
General Fund				57,271	123,020	(28,827)	(91,672)	59,792
Designated Funds
Personnel Fund				6,121		(76,557)	75,115		4,679
Mission Fund				18,617		(28,958)	16,557		6,216
				24,738		(105,515)	91,672		10,895
Total Unrestricted		Funds		82,009	123,020	(134,342)			70,687
Restricted Funds
Personnel Fund					16,987	(16,987)
Mission Fund					1,257	(1,257)
Property Fund			1,194,820		113,880	(84,938)		1,223,762
Charity Fund				9,284	3,608	(3,396)			9,496
Bursary Fund				6,000					6,000
Total Restricted	Funds		1,210,104		135,732	(106,578)		1,239,258
Total Funds			1,292,113		258,752	(240,920)		1,309,945
			Balance					Balance
			I January 6	2019	Income 6	Expenditure 6	Transfers 6	31 December 6	2019
Unrestricted Funds
General Fund				110,375	146,390	(36,003)	(163,491)	57,271
Designated Funds
Personnel Fund				11,451		(90,051)	84,721		6,121
Mission Fund				15,280		(9,024)	12,361		18,617
				26,731		(99,075)	97,082		24,738
Total Unrestricted		Funds		137,106	146,390	(135,078)	(66,409)		82,009
Restricted Funds
Personnel Fund					10,033	(I0,033)
Mission Fund					3,419	(3,419)
Properly Fund			1,069,506		181,974	(116,660)	60,000	1,194,820
Chanty Fund				8,623	4,302	(3,641)			9,284
Bursary Fund				9,850	165	(I0,424)	6,409		6,000
Total Restricted	Funds		1,087,979		199,893	(144,177)	66,409	1,210,104
Total Funds			1,225,085		346,283	(279,255)		1,292,113

17. Analysis of net assets between funds
				Restricted	Total funds
	Unrestricted		funds	funds	2020
	General	Designated
	Fund 6		Fundf
Fixed Assets	5,516			1,692,044	1,697,560
Non-Current Assets				5,332	5,332
Current Assets	55,129		12,224	104,563	171,916
Current I iabilities	(853)		(1,329)	(51,895)	(54,077)
Long Term Liabilities				(510,786)	(510,786)
Net Assets as at 31 December 2020	59,792		10,895	1,239,258	1,309,945
				Restricted	Total funds
	Unrestricted		funds	funds	2019
	General	Designated
	Fund		Fund
	6		6
Fixed Assets	5,816			1,701,439	1,707,255
Non-Current Assets				6,000	6,000
Current Assets	52,900		25,086	52,148	130,134
Current Liabilities	(1,445)		(348)	(54,658)	(56,451)
Long Term Liabilities				(494,825)	(494,825)
Net Assets as at 31 December 2019	57,271		24,738	1,210,104	1,292,113