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|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|
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|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)|
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|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|
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|||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|
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|||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|@|
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|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|
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|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||||
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|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||||
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||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|
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|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||
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|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||
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|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||
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||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|146140
91958|
|[,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|
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|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||
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