| Page | |
|---|---|
| CON/PANY INFORIVATION | 2 |
| TRUSTEES' ANDDIRECTORS'ANNUALREPORT | 2--7 |
| STATEIVENT OF FINANCIALACTIVITIES | 8 |
| (incorporatingINCOIMEANDEXPENDITUREACCOUNT) | |
| BALANCESHEET | o |
| CASHFLOWSTATEMENT | 10 |
| NOTESTO THEFINANCIAL STATEIVENTS | 11-16 |
| INDEPENDENTEXAIVINERS REPORT | 17 |
| Company Number | 4247363 |
|---|---|
| Charity Number | 1092536 |
| Registered Office | [/anchester AllianceCentre UnitITheQuadrangle |
| Hulme Street | |
| lvlanchester | |
| IVI15GL | |
| Directors/Trustees | Kintt4ingKo |
| Yuen Yi HelenChow | |
| HiuTungAngelWong | |
| I\rlemberChurches | IvlanchesterAllianceChurch |
| SouthLondonAllianceChurch | |
| Leeds Alliance Church | |
| ManchesterAlliance[\ilandarin Fellowship | |
| East LondonAllianceFellowship | |
| Brighton Alliance Church | |
| Accountant | HannahltilurrayAccountancyLtd |
| 61Falconers Green | |
| Westbrook | |
| Warrington | |
| Cheshire | |
| WAs7XF | |
| Bankers | HSBC Bank plc |
| 100 KingStreet | |
| lrlanchester | |
| tvl602HD | |
| Barclays Bank Plc | |
| PO Box 357 | |
| 51tvlosleyStreet | |
| [r,lanchester | |
| IV6O2AU |
| KinN,4ingKo | (re electedN4ay2021) |
|---|---|
| YlenYiHelenChow | (elecledMay2021) |
| HiuTungAngeWong ZhuTziJim Ling FengXiong NqokLoiHo |
(elecledMay 202T) (re-electedi,4ay2021andresignedAususl202'l) (elecled May2021ard resigfedAugust2021) (resignedMay 2021) |
| YunLem HoYeeChau PingPingSi |
(resigned N/ay2021) tesisnedl\,1ay2021) (resigned [r]ay2021) |
| 2021 | tlAC | SLAC | LAC | I\,1AI\,4F | ELAF | BAC | TOTAL |
|---|---|---|---|---|---|---|---|
| General Fund | L20,419 | t3,517 | f3,584 | f3460 | t2,005 | f:2,107 | r35,552 |
| Mlssion Fund IOIAL |
L12,361 | f2,482 | L2,122 | L205 | f119 | f125 | t17,O14 t52,566 |
| General | Designated | Designated | Restricted | Restricted | 2021 | 2020 | ||
|---|---|---|---|---|---|---|---|---|
| Notes | Fund | Fund t |
Fund, | Total t |
Total t |
|||
| lncomino Resources | ||||||||
| Donations | 36485 | 40,836 | 308,568 | 385,889 | 403,301 | |||
| lnvestmentlncome | 15 | 15 | 213 | |||||
| Otherlncome | '19 | 9,189 | 12,447 | 188,944 | 210,980 | 244,282 | ||
| TotallncomingResources | 45,689 | 53,683 |
497,512 | s96,884 | ____947.196 | |||
| ResourcesExpended | ||||||||
| Direct Charity Expenditure | 2 | 14,7A0 | 14,780 | 14,202 | ||||
| Administration ofthelJnion | 3 | s,266 | 5,266 | 5,161 | ||||
| Prolects Expenses | 4 | 3,219 | 3,219 | 4.812 | ||||
| OtherCharges | 5 | 1,632 | 638 | |||||
| EntrustedFunds Expenses | 6 | 475,215 | 475,275 | 493,623 | ||||
| I\,{issronFund Expenses | 7 | 67,147 | 16419 | 83,586 | 81,314 | |||
| Governance Costs | 8 | 500 | 500 | 4,223 | ||||
| Total Resources Expended | 25,397 | 67,1A7 | 491,754 | 584,258 | _604,033 | |||
| Netlncomebeforetransfers | 20292 | (13,424) | 5,758 | 12,626 | 43,763 | |||
| Grosstransfersbetween funds | ||||||||
| Net lncome/loss for theyear | 2A292 | (13,424) | 5,758 | 12.Q5- | _l3r9l | |||
| Fund Balances asat31December2020 | 10658 | 180 | 22 | 369,477 | ||||
| Fund Balances as at3lDecember2021 | 30,950 | 167,340 | 227,576 | 425,466 | 413,244 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Notes | t | f | ||
| FixedAssets | ||||
| TangibleFixedAssets | I | 319 744 | 327,693 | |
| Current Assets | ||||
| Debtors | '10 | 3,289 | 6,041 | |
| CashatBank | 257 ,A6A | 245,151 | ||
| 261,157 | 251,192 | |||
| CurrentLiabilities | ||||
| Creditors:Amounts falling due within one year | 11 | 22,105 | 22,096 | |
| Total current assets lesscurrenl liabililies | 239,O52 | 229,096 | ||
| Lonq termLiabilities | ||||
| Creditors:Amount falling due after more than one year | 12 | 132,930 | 143,s49 | |
| NetAssets | 42s,866 | __LL3,%o | ||
| Funds | ||||
| General | 14 | 30,950 | 10,658 | |
| Designated | 15 | 167,340 | 180,764 | |
| Restricted | '16 | 227,576 | 221,818 | |
| 425,866 | @ |
| BALANCE SHEET ASAT 31 DECEMBER2021 |
Nu |
mber:4 |
|---|---|---|
| 2,O21 | 2,020 | |
| € | € | |
| Cashflows fromoperating activities: Netincomei(expenditure) for the reportingperiod |
12,626 | 43,763 |
| Adjustmentsfor: | ||
| Depreciation | 7,950 | 7,950 |
| (lncrease)/Decreasein Debtors lncrease/(Decrease)inCreditors |
2,752I | (3,e60) 7,798 |
| 10,711 | (3,808) | |
| NetCash providedbyoperating activities | 23,337 | 39,955 |
| Financingactivities | ||
| Repaymentof borrowing | (17,556) | (18,064) |
| lnterestreceivedfromborrowing | 6,936 | 7,645 |
| Netcashprovidedbyfinancing activities | -(10610) | (10,419) |
| NetCash providedbyoperating activities | 23,337 | 39,95s |
| Netcash providedbyfinancing activities | (10,620) | (10,419) |
| Changeincash and cash equivalentsinthe reportingt | 12,717 | 29,536 |
| Cashand cash equivalents at1January | 245,151 | 215,6'15 |
| Cashand cash equivalents at 31 December | 257,868 | 245,151 |
| Cashand cash equivalents comprise | ||
| Cashatbank | 257,686 | 244,969 |
| Cashin hand | 182 | 182 |
| 257,868 | 245,151 |
| FORTHEYEARENDED 31 D | ECE | MB | ER2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| General | Designated | Restricted | Total | Total | ||
| Fund | Fund | Fund | ||||
| f | e | f | f | t | ||
| 2.Direct Charitv Expenditure | ||||||
| StaffWorkExpenses | 206 | 206 | 1,'106 | |||
| PersonnelEmployment | 14,574 | '14 574 | '13,096 | |||
| 14,780 | 't4,780 | 14,202 | ||||
| 3.AdministrationoftheUnion | ||||||
| Office SpaceExpenditure | 4,800 | 4,800 | 4,800 | |||
| Printing, Stationery andAdvertising | 150 | 150 | (1e) | |||
| Telephone andlnternetCharges | 316 | 316 | 380 | |||
| ComputerEquipment andAccessories | ||||||
| s,266 | 5,266 | 5,161 | ||||
| 4.Proiects Expenses Programsandcamps |
3,219 3.219 |
3,219 3,219 |
4,872 4,872 |
|||
| 5. Other Charqes | ||||||
| lnsurance | 785 | 785 | 599 | |||
| Sundry | 95 | 95 | ||||
| Visa/Licenserenewal | 735 | |||||
| AGN/ | 17 | 17 | ||||
| 1 | ,632 | 1,632 | 638 | |||
| 6.EntrustedFunds Expenses | ||||||
| HKAM Fund-PersonnelFund | 134,465 | 134,465 | 251,484 | |||
| HKAM Fund-Housing and Visa | 28,960 | 28,960 | ||||
| HKAM Fund-DesignatedFund | 39,953 | 39,953 | ||||
| MACFund-Ministriesexpenses | 104,712 | 104,7',12 | 92,215 | |||
| LACFund-Ministries expenses | 49,494 | 49,494 | 49,680 | |||
| SLACFund-Ministries expenses | 71,614 | 71,614 | 31,117 | |||
| MAMF Fund-l\,4inistriesexpenses | 46,077 475,275 |
46,077 475,275 |
69,127 493,623 |
|||
| 7.Mission FundsExpenses | ||||||
| Mission-Ministries expenses | 57,674 | 57,674 | 54,853 | |||
| Propertyexpenses | 9,433 16,479 67,107 16,479 |
83,586 | 26,461 81,314 |
|||
| 8.GovernanceCosts | ||||||
| lndependentExaminer'sfees | 500 | 500 | 730 | |||
| Professionalfees | 493 3 |
|||||
| 500 | 500 | 4,223 | ||||
| 12 |
| FORTHEYEARENDED 31 DECEMBER | 202,I | |||
|---|---|---|---|---|
| 9. TanqibleFixedAssets | Leasehold Buildings | 'Total | ||
| Cost | ||||
| At1January2021 | 397,489 | 397,489 | ||
| Additions | ||||
| 397,489 | 397,489 | |||
| Depreciation | ||||
| At1January2021 | 69,796 | 69,796 | ||
| Charge for the year | 7,949 | 7,949 | ||
| At 31December2021 | 77,745 | 77 | .745 | |
| Net BookValue | ||||
| At31 December2021 | 319,744 | 319,744 | ||
| At31December2020 | 327,693 | 327 | ,693 | |
| 2021 | 2024 | |||
| I | f | |||
| 10.Debtors | ||||
| Prepayment | 1,540 | 299 | ||
| Accruedlncome | 1,749 | 5,742 | ||
| 3,28S | 6,041 | |||
| '11. Creditorsil\nountsfallinq due within oneVear | ||||
| l\,4ortgage(Note12) | 17.556 | '17,556 | ||
| Accruedexpenses | 4.549 | 4,540 | ||
| 22,105 | 22,096 | |||
| a2- Creditors:Amount fallinq due after oneyear | ||||
| Mortgages | 132,930 | 143549 | ||
| 132.930 | -------- | 1415/€_ | ||
| Ihebank loans arerepayableby 240 month{yinstalmentsas follows and are currently based | ||||
| on equalcapital repayments: | ||||
| ln one yearorless | 17,556 | |||
| Betlveen one and tlvoyears | 17,556 | |||
| Between two andfiveyearc | 70,224 | |||
| Afterfiveyears | 45,150 | |||
| 150,486 |
| General | Designated | Designated | Restricted | Restricted | Restricted | Total | |
|---|---|---|---|---|---|---|---|
| Fund | Fund | Fund | (Property) | Fund | Fund | ||
| ! | I | f | t | ||||
| Property | 120,814 | 198,930 | 319,744 | ||||
| Debtors | 205 | 85 | 2,999 | 3,289 | |||
| Cash at Bank and inHand | 31,295 | 98,823 | 35,805 | 91,945 | 257,868 | ||
| Creditors<'1year | (550) | (9,922) | (11,627) | (6) | (22,105) | ||
| Creditors>'1year | (42,464) | (90,470) | 132,930 | ||||
| 30,950 | 167,340 | 132,63894,93B | 425,866 |
| 14.GeneralFunds | |||
|---|---|---|---|
| Movementsinfunds | |||
| General Reserves | Balance 0110112021 f 10,658 |
lncome Expenditure from on rf45,689 25,s97 |
Balance 3111212021 € 30,950 |
| 10,658 | 45,689 25,39730,950 |
| 15.DesionatedFunds | |||||
|---|---|---|---|---|---|
| lvovements | in | funds | |||
| Balance 01t01t2021 |
lncome from |
Expenditure on |
Balance 31/12t2021 |
||
| t | ff | c | |||
| l\,4issionFund | 180,764 | 53,683 | 67,107 | 167,340 | |
| 180,764 | 53,683 | 67,107167,340 |
| 16.RestrictedFunds | ||||
|---|---|---|---|---|
| l\rovementsin | funds | |||
| Balance 01talt2a21 |
lncomeExpenditure from on |
Balance 3111212021 |
||
| f | t€ | r | ||
| HKA[.4Personnel Fund l\,4ACPersonnel Fund |
24,147 | 201,322 104,445 |
203,378 104,712 |
22,090 (267) |
| LAC(YAF)GeneralFund | 305 | 305 | ||
| LAC (YAF) General Fund-Designated | 1,820 | 49,505 | 49,494 | 1,831 |
| SLAC General Fund | 16,206 | 82,325 | 71,614 | 26,917 |
| l.4AlV1FGeneral Fund | 48,023 | 42,116 | 46,077 | 44,062 |
| Union ProDertv Fund | ||||
| IStsigrist property | s5,512 | 17,799 | 16,479 | 96,832 |
| LAC Property Fund | 35,805 | 35,805 | ||
| 221,818 | 497,512 | 491,754227,576 |
| 2421 | 2020 | |
|---|---|---|
| ng the year is16.The total remunerationpaidtoemployees are as follows: | ||
| Salary | 329910 | 319302 |
| Employeas National lnsurance | 21407 | 20a97 |
| EmployefsPension | 18073 | 17S69 |
| 369390 | 358168 | |
| imbursedbythe relevant funds as follows: | ||
| HKA | PersonnelFund N.4ACPersonnelFund |
13'1355 103002 |
| [,4AN/FFund | 11250 | '10000 |
| LACFund | 18367 | 17647 |
| SLACFLrnd | 16054 | 16021 |
| GeneralFund | 13374 | 13096 |
| MissionFund | 50932 | 38474 |
| Funds from sponsored churches throughHKAIVI | 25056 | 24792 |
| 36S390 | 358168 |
| 19.Otherlncome | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Designated GeneralFundFund |
Restricted FLrnd |
Designated GeneralFundFund |
Restricted Fund |
||
| Visa Fee-Repayable | 199 | 199 | |||
| Low rope camp2021 | 556 | ||||
| Kairos Course | 540 | ||||
| Penslon scheme management | 1074 | 471 | 804 | ||
| HKAM-CACU book keeper contribution | 6820 | 6588 | |||
| LAC Contribution to Legal Fee | 390 | ||||
| [,,linistriessupportfund | 166395 | 241911 | |||
| CCIL Donation to Thailand | 400 | ||||
| East London Project | 3680 | 3680 | |||
| Property | 12847 | 17795 188944 |
7781 | 14114 12736223765 |