2020-12-31-accounts

		Page
COMPANY INFORMATION
TRUSTEES' AND DIRECTORS' ANNUAL	REPORT
STATEMENT OF FINANCIAL ACTIVITIES
(incorporating INCOME AND EXPENDITURE ACCOUNT)
BALANCE SHEET
CASH FLOW STATEMENT		10
NOTES TO THE FINANCIAL STATEMENTS		11-16
INDEPENDENT EXAMINERS REPORT		17

Company	Number	4247363
Charity Number		1092536
Registered	Office	Manchester Alliance		Centre
		Unit 9The Quadrangle
		Hulme Street
		Manchester
		M1 5GL
Directors/Trustees		Yun Liem
		Hoi Yee Chau
		Ping Ping Sii
		Kin Ming Ko
		Ngok Loi Ho
		Zhu Tzi Jim
Member Churches		Manchester Alliance		Church
		South London	Alliance		Church
		Leeds Alliance	Church
		Manchester Alliance		Mandarin		Fellowship
		East London Alliance			Fellowship
		Brighton Alliance Church
Accountant		KM Chartered	Accountants
		1st Floor, Block C, The Wharf
		Manchester Road
		Burnley
		BB111JG
Bankers		HSBC Bank pic
		100King Street
		Manchester
		M60 2HD
		Barclays Bank	Plc
		PO Box357
		51 Mosley Street
		Manchester
		M60 2AU

The	Committee members	are the Directors /Trustees (voting members) ofthe Union and at the date ofthis report	are the Directors /Trustees (voting members) ofthe Union and at the date ofthis report
who	have served during	the year unless otherwise stated were:
	Yun Liem		(re-elected May 2018)
	Hoi Yee Chau		(re-elected May 2018)
	Ping Ping Sii		(re-elected May 2020)
	Kin Ming Ko		(elected May 2018)
	Ngok Loi Ho		(elected May 2020)
	Zhu Tzi Jim		(elected December 2020)
	Wing Yiu Einstein Chan		(resigned May 2020)
	Kiu Fai Tung		(resigned May 2020)
	Siu Boon Ma		(resigned May 2020)

			General	Designated	Restricted	2020	2019
		Notes	Fund	Fund	Fundf	Total	Total
Income from
Donations			22,305	39,891	341,105	403,301	326,622
Investment Income			213			213	446
Other Income			7,781	12,736	223,765	244,282	184,254
Total Income			30299	52 627	564 87D	647 796	511 322
~Ex enditore on:
Direct Charity Expenditure			14,202			14,202	15,301
Administration ofthe Union			5,161			5,161	3,255
Projects Expenses			4,872			4,872	12,194
Other Charges			638			638	1,494
Entrusted Funds Expenses					493,623	493,623	460,352
Mission Fund Expenses				64,432	16,882	81,314	63,613
Governance Costs			4,223			4,223	6,853
Total Expenditure			29096	64432	510505	604033	563062
Net Income (expenditure)	before transfers		1,203	(11,805)	54,365	43,763	(51,740)
Gross transfers between	funds
Net Movement in funds			1 203	11805	64365	43 763	~57 740
Fund Balances as at 31	December 2019		9455	192569	167,453	369477	421,217
Fund Balances as at 31	December 2020		10658	180764	221 818	413,24D	369477

AS AT 31 DECEM	BE		20	20
							2,020	2,019
								F
Cash flows from operating activities:
Net income/(expenditure)	for the		reporting		period		43,763	(51,740)
Adjustments for:
Depreciation							7,950	7,950
(Increase)/Decrease in Debtors							(3,960)	(363)
Increase/(Decrease) in Creditors							(7,798)	11,637
							(3,808)	19,224
Net Cash provided by operating			activities				39,955	(32,517)
Financing activities
Repayment of borrowing							(18,064)	(18,255)
Interest received from borrowing							7,645	8,924
Net cash provided by financing		activities					(10,419)	~(9,331
Net Cash provided by operating			activities				39,955	(32,517)
Net cash provided by financing		activities					(10,419)	(9,331)
Change in cash and cash	equivalents			in the reporting		period	29,536	(41,847)
Cash and cash equivalents	at 1		January				215,615	257,462
Cash and cash equivalents	at 31 December						245,151	215,615
Cash and cash equivalents	comprise:
Cash at bank							244,969	215,433
Cash in hand							182	182
							245,151	215,615

FOR TH	E Y	EA	R	ENDED 31 D	ECEMBE	R 2020
								2020	2019
					General	Designated	Restricted	Total	Total
					Fund	Fund	Fund
						E		F
2. Direct Charit		Ex enditure
Staff Work	Expenses				1,106			1,106	1,694
Hospitality
Personnel	Employment				13,096			13,096	13,607
					14,202			14,202	15,301
3. Administration		ofthe Union
Office Space Expenditure					4,800			4,800	1,800
Printing, Stationery			and Advertising		(19)			(19)	726
Telephone	and	Internet Charges			380			380	543
Computer	Equipment			and Accessories					186
					5,161			5,161	3,255
4. Pro'ects	Ex	enses
Programs and camps					4,872			4,872	12,194
					4,872			4,872	12,194
5.Other Char es
Insurance					599			599	719
Sundry					39			39	30
Donations
AGM									745
					638			638	1,494
6. Entrusted	Funds		Ex enses
HKAM Fund							251,484	251,484	249,808
MAC Fund							92,215	92,215	92,773
LAC Fund							49,680	49,680	29,486
SLAG Fund							31,117	31,117	20,775
MAMF Fund							69,127	69,127	67,510
							493,623	493,623	460,352
7. Mission Funds		Ex	enses
Mission expenses						54,853		54,853	34,326
Property expenses						9,579	16,882	26,461	29,287
						64,432	16,882	81,314	63,613
8. Governance		Costs
Independent	Examiner's			fees	730			730	750
Professional	fees				3,493			3,493	6,103
					4,223			4,223	6,853

9.Tan ible Fixed Assets	9.Tan ible Fixed Assets						Leasehold	Leasehold	Buildings	Total
Cost
At 1 January 2020								335,643		335,643
Additions
								335,643		335,643
Depreciation
At 1 January 2020								61,846		61,846
Charge for the year									7,950	7,950
At 31 December 2020								69,796		69,796
Net Book Value
At 31 December 2020								327693		327693
At 31 December 2019								335643		335643
								2020		2019
										E
10. Debtors
Prepayment									299	2081
Accrued Income									5,742
									6041	2 081
11. Creditors: Amounts		fallin		due within	one	ear
Mortgage (Note 12)									17,556	18,249
Accrued expenses									4,540	12,338
									22096	30587
12.Creditors: Amount	fallin			due after one	ear
Mortgages								143,549		153275
								143549		153275
The bank loans are repayable			by 240 monthly		instalments		as follows and are	currently	based
on equal capital repayments:
In one year or less							17,556
Between one and two years							17,556
Between two and five years							70,224
After five years							55,769
							161 105

			General	Designated	Restricted	Restricted	Total
			Fund	Fund	Fund (Property)	Fund	Fund
						E
Property				123,913	203,781		327,694
Debtors			1,757	2,538		1,745	6,040
Cash at Bank		and in Hand	10,581	109,592	35,805	89,173	245,151
Creditors	& 1	year	(1,680)	(8,372)	(11,627)	(417)	(22,096)
Creditors	& 1	year		(46,907)	(96,642)		143,549)
			10658	160764	131317	00501	413240
14. General		Funds
				Movements	in funds
			Balance	Income	Expenditure	Balance
			01/01/2020	from	on	31/12/2020
			F	f	F	P
General Reserves			9,455	30,299	29,096	10,658
			9455	30299	29096	10658
15. Desi	nated Funds
				Movements	in funds
			Balance	Income	Expenditure	Balance
			01/01/2020	from	on	31/12/2020
					E	E
Mission Fund			192,569	52,627	64,432	180,764
			192569	52 627	64432	180764

18. Remune	ration ofem lo ee	s	s	s	s	s			2020	2020	2019
The average	number ofemployees	during the year is 16.The total					remuneration		paid to employees are as follows:
		Salary								319302	282505
		Employer's National		Insurance						20897	19038
		Employer's Pension								17969	15232
										358168	316775
Remuneration	paid to employees	are reimbursed by the		relevant		funds as follows:
		HKAM Personnel	Fund							146140	142460
		MAC Personnel	Fund							91958	92236
		MAMF Fund								10000	10000
		LAC Fund								17687	6443
		SLAC Fund								16021	10149
		General Fund								13096	12407
		Mission Fund								38474	24811
		Funds from sponsored			churches		through	HKAM		24792	18269
										358168	316775