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|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|||||
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|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)|
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||||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|
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|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|
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|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|
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|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||||
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||||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||
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|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|
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