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2023-12-31-accounts

Company Registration Number : 4247363 Charity Registration Number: 1092536

CHINESE ALLIANCE CHURCHES UNION (UK) ANNUAL TRUSTEES AND FINANCIAL STATEMENTS REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

CHINESE ALLIANCE CHURCHES UNION (UK) CONTENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Page
COMPANY INFORMATION 2
TRUSTEES' AND DIRECTORS' ANNUAL REPORT 3 - 8
STATEMENT OF FINANCIAL ACTIVITIES 9
(incorporating INCOME AND EXPENDITURE ACCOUNT)
BALANCE SHEET 10
CASH FLOW STATEMENT 11
NOTES TO THE FINANCIAL STATEMENTS 12-17
INDEPENDENT EXAMINERS REPORT 18

1

CHINESE ALLIANCE CHURCHES UNION (UK) COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2023

Company Number 4247363
Charity Number 1092536
Registered Office Manchester Alliance Centre
Unit 9 The Quadrangle
Hulme Street
Manchester
M1 5GL
Directors/Trustees Hoi Yee Chau
Yuen Yi Helen Chow
Hiu Tung Angel Wong
Wesley Wing Yau Wong
King Wai Hung
Member Churches Manchester Alliance Church
South London Alliance Church
Leeds Alliance Church
Manchester Alliance Mandarin Fellowship
East London Alliance Fellowship
Brighton Alliance Church
Worthing Chinese Christian Fellowship (honorary member)
Accountant Hannah Murray Accountancy Ltd
61 Falconers Green
Westbrook
Warrington
Cheshire
WA5 7XF
Bankers HSBC Bank plc
100 King Street
Manchester
M60 2HD
Barclays Bank Plc
PO Box 357
51 Mosley Street
Manchester
M60 2AU

2

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The Trustees of the Union (directors and trustees) present their report and the financial statements for the year ended 31 December 2023.

Incorporation

The Union was incorporated on 6th July 2001 under the Companies Act 1985 as a private limited company and the company is limited by guarantee.

Purpose

The Chinese Alliance Churches Union (UK) seeks to be an indigenous federation of Chinese evangelical churches according to the tradition of Christian and Missionary Alliance (abbreviated to C&MA), whose purposes are to proclaim Jesus Christ as Lord, to assist the advance of His Church in the United Kingdom, and to promote a missionary base for national and world-wide evangelization in affiliation with the Alliance World Fellowship

Objectives

1.To strengthen Christians in their understanding and commitment to the Lordship of Jesus Christ 2.To advance the work of national and world-wide mission primarily but not exclusively through church planting.

3.To foster the growth of Church as an indigenous body of Christ.

4.To become an active church-planting and missionary base of existing C&MA mission agenda

Public benefit

The Trustees confirm that in their oversight of CACU’s activities, they have ensured that the charity's money and time resources have been used with due regard for public benefit.

Trustees selection and induction

All the trustees of the Union are nominated and is eligible for election at an annual general meeting of the Union. The newly elected trustees will be given a brief induction regarding their duties and responsibilities set out in the constitution and according to the guidelines of Companies House and Charity Commission.

The Union Management Committee

The Union Management Committee shall consist of President, the Vice-President, Treasurer and other committee members.

The Committee members are the Directors /Trustees (voting members) of the Union and at the date of this report who have served during the year unless otherwise stated were:

Yuen Yi Helen Chow (Re-elected May 2023) Hiu Tung Angel Wong (Re-elected May 2023) Hoi Yee Chau King Wai Hung Wesley Wing Yau Wong

3

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

The Union Management Committee (cont.)

All the Management Committee members of the Union are nominated and shall be eligible for election at an annual general meeting of the Union, and a General Secretary shall be appointed by the Committee annually. Rev. Chiu has taken up the role of President and Rev. Pang as Vice President.

Non-Voting members

Rev. Tai Ming Pang Rev. Wing Hong Wong Pastor Tak Shun Lee Pastor Kwok Fai Philip Wong Rev. Chai Ming Cheung

Union Missionary Team, Employees and Voluntary Workers (as at 31 December 2023)

HKAM Team

Rev. Tai Ming Pang and Mrs Yin Fun Pang Rev. Wai Lung Sham and Mrs Teresa Sham Pastor Kwok Fai Wong and Mrs Mei Po Mabel Wong

Pastoral Staff

Rev. Wai Chor Chiu (Minister in charge of MAC) Rev. Ping Li (MAC Ministry) Pastor Yan Shi (SLAC) Rev. Wing Hong Wong (LAC) Pastor Tak Shun Lee (MAMF) Rev. Luis Sanchez (Full Time Missionary) Pastor Wai Shun Hung (Part time Ministry) Pastor Hung Kwong Wu (Full Time Ministry) Rev. Yiu Kee Nathaniel Law (Full Time Ministry)

Administative Staff

Ms Nicole Wai Yee Ng Union Financial Secretary - Part-time

Membership

The Union consists of corporate members and individual members. All corporate members, which are represented by full members or associate members, and individuals as honorable members are admitted to the Union according to the rules set in the constitution.

President's report

CACUUK has three registered member churches (MAC, SLAC and LAC), three associate member churches (ELAC, MAMF, BAC) and one honorary member church (Worthing Chinese Christian Fellowship).

At present, the total number of participants in various churches, including children and teenagers, is more than 3,300. The number of staff in the association and churches is: 7 missionaries, including 3 Missionary couples from Hong Kong Alliance Mission, 1 missionary employed by CACU; 3 pastoral staff for church planting projects; 2 Minister-in-Charge employed by CACU; and 1 administrative staff. Additionally, the member churches have hired 9 pastors separately.

4

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

President's report (cont.)

In terms of personnel changes, Pastor Hung Kwong Wu and Rev. Nathaniel Law are responsible for the pioneering work in North Nottingham and Milton Keynes respectively. In addition, Pastor Wing Sze Yau has been employed by LAC responsible for the pastoral care in LAC and church planting in Morley. Rev Florence Wong and Pastor Tobey Chan have been employed by MAC for church establishment in Cheadle Hulme Stockport and youth ministry respectively.

Development in the year

Compared to the past one or two years, although the wave of Hong Kong immigrants slightly subsided in 2023, it is estimated that the total number of members in various member churches increased by over 1000. On one hand, the attendance at worship services in member churches continued to increase, while on the other hand, our member churches have actively engaged in church planting and adding additional worship services, attracting many new participants to attend our services. In the past, some worship services in member churches were conducted in both Cantonese and Mandarin. However, due to an increasing number of Cantonese-speaking participants, our member churches have begun separating the two languages, each having independent worship services.

Thanks to God's blessings, CACU co-hosted the Chinese Alliance World Fellowship (CAWF) missionary conference in Manchester in March 2023, bringing together pastors from Chinese churches around the world to explore opportunities for immigrant service in the UK and discuss development needs. After the conference,overseas Chinese Alliance Churches expressed willingness to support CACU's church planting work through prayer and finances. Consequently, our board of directors established a church planting working group to explore the possibility of establishing more churches throughout the UK and discuss the overall promotion of church planting work, providing recommendations to the board of directors.

With financial support from the US Chinese Churches Association, CACU has opened the North Nottingham Alliance Church in May 2023 and it partially supported the establishment of Milton Keynes Alliance Church which was formally established in October 2023.

Christian & Missionary Alliance Church Union Hong Kong also financially supported CACU's church planting projects. Therefore, besides considering establishing church locations, CACU has also encouraged existing member churches to plant branch churches. In June 2023, MAC has planted a branch in Cheadle Hulme, Stockport, with funding support from CACU, while LAC has planted a branch in Morley in late 2023.

In the first half of the year, CACU held an online youth ministry sharing session for youth leaders and pastors from various member churches to exchange ideas and prepare for the ministry of the new generation.

During the second bank holiday in May 2023, CACU organized a spring conference themed "From Dispersion to Return," inviting Dr. Lilian Wing Ting Li, an assistant professor from China Graduate of School Theology, as the speaker. Although the attendance at the conference did not meet the expected numbers, most participants enjoyed the event and received insights from the speaker's messages. It was worth mentioning that the annual conference was held at the same venue as the spring conference, facilitating the attendance of representatives from member churches to participate together.

In terms of missions, CACU held a short-term mission trip to Thailand in June 2023, led by Rev. Lucho and Pastor Wilson Hung, with participants mainly from MAC and MAMF. Each member church also arranged their own short-term missions as usual with SLAC traveling to Madagascar before the end of 2023, while MAC continued local cross-cultural missions, initiating home groups to engage with people of different ethnicities in the local community.

5

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Plans and Prospects for 2024

  1. CACU's Church Planting Committee will organize connections with Hong Kong Alliance Church believers who have immigrated to the UK, aiming to understand their pastoral needs. Through this activity, information will be collected, and further exploration of different regions will be conducted to discuss the possibility of church planting.

  2. CACU will continue to acquaint new pastors with the traditions and spirit of the Alliance Church, and establish procedures for recognizing non-Alliance Church ordained pastors as pastors of the CACU. Additionally, mechanisms for ordaining evangelists as pastors will be formulated.

  3. CACU will organize online prayer meetings to encourage co-workers throughout the country to intercede for the church and each other's personal needs.

  4. CACU will communicate with churches interested in knowing more about C&MA and joining CACU to explore how we can work together to serve and advance the gospel and build up believers.

  5. CACU will continue to publish the quarterly magazine "Connect", which brings member churches together through pastoral sharing, believer testimonies, church updates, and prayer requests, enabling brothers and sisters from different regions in the UK to get to know each other and pray for one another.

  6. CACU will organize pastoral retreat camps allowing pastors to quiet down from busy ministry, providing them with the opportunity to learn together and support each other.

  7. Missionary work:

  8. a. Promote member churches to participate in mission and local Muslim ministries. A short-term mission trip to Peru will be organized in June 2024.

  9. b. Collaborate with overseas mission agencies to arrange overseas missionaries to serve in local ministries. Partners include the Hong Kong Alliance Mission, Alliance Bible Seminary, and Envision USA.

  10. c. Explore gospel work among Fujianese people.

Financial review

In 2023, the financial situation of the Union was stable. The net income from the property owned by the Union and the donation from the member churches has continued to support the routine work and development of the Union. The full details of the Union’s business are recorded in its 2023 Annual Financial Statement.

The Union General fund for property fund and mission fund are as follows:

Union Property Financial Report 2023

The Manchester Hulme Property is under the management of Union Management Committee. It continues to be used for union pastoral staff accommodation. The day to day management is done by the Union Office.

Mortgage = £6,568.44 Services & Maintenance = £519.88

(iii) Net Income = £1,311.68

2023 Contributions towards the Union from member churches

2023 MAC SLAC LAC MAMF ELAF BAC TOTAL
General Fund £21,284 £6,759 £2,285 £1,038 £717 £497 £32,580
Mission Fund £7,654 £2,431 £822 £280 £193 £134 £11,514
TOTAL £28,938 £9,190 £3,107 £1,318 £910 £631 £44,094

6

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Financial review (cont.)

The Statement of Financial Activities consists of the Union's General fund, Designated fund and Restricted fund under the management of the Union's Trustees and Directors. The Statement of Financial Activities on page 9 shows a profit for the year of £192601, and our reserves stand at £453704 in total. These are analysed in notes 14-16. The Charity's free reserve is £52437, which the trustees consider is sufficient for the general running costs.

Policy on reserves

It is the policy of the Union to maintain only a small level of unrestricted general fund reserve. As at 31 December 2023, the amount of reserve in General Fund was £52437 which is approximately 20-30% over a typical year’s running cost. The trustees consider this amount to be adequate to fulfil the main purpose of cash flow. There is also a provision within the union budgets for unforeseen expenditure and post budget projects of £800 each year.

The General Fund is mainly used to cover administrative and office expenses and some ministry activities. Most major activities are planned well in advance and hence already included into the planned budgets. Past actual expenditures have been found to reflect well against the budgets.

The General Fund income is mainly from donation commitments from member churches. The donation commitments are determined and agreed by passing the budget each year one year in advance at the union AGM. Many of our member churches are growing churches and have demanding financial challenges, especially during this difficult period. In the event that the Union donation income were to drop, ie. member churches unable to make the committed donations, the trustees believe the reserve is appropriate and adequate to maintain Union operation for a short time whilst additional funds may be raised.

The Union's Mission fund, a designated fund, has a substantial reserve. At December 2023, it has a reserve of £248719.18. The main income for the Union Mission Fund is from member churches. The Mission budget and members’ donation contributions are determined and agreed, passed in resolution a year in advance at AGM.

The Union has made various commitments to the expansion of Mission work in the UK. This fund has been used to financially support and subsidise the employments of several missionaries working at different member churches. The Union is currently supporting Rev Wong at LAC on a three-year contract, ending in May 2025; Pastor Lee at MAMF on a three-year contract, ending in July 2024. Total fund already committed is £26583.34 for the next three years at £7,583.34 for 2024 and at £1,250 for 2025. The Union has continued to make new commitments to support Pastor Yau and 1 part admin staff at LAC, Rev. Wong and a new part time Pastor for MAC and a full time Pastor for Wigan in 2024. The new total committed is £90333.34. After this period, it is the aim for member churches to have developed the financial abilities to support these pastoral and admin staff fully by themselves. The Union has also set a side £5000 for church planting in Morley in 2024. The Union will continue to support new needs in the community.

Risk Management

The trustees have a duty to identify and review the risks of which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Trustees and Directors' responsibilities

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of theUnion and of the statement of financial activities for that period. In preparing these financial statements, the directorsare required to:

7

CHINESE ALLIANCE CHURCHES UNION (UK) TRUSTEES' AND DIRECTORS' ANNUAL REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Trustees and Directors' responsibilities (cont.)

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Union transactions and disclose with reasonable accuracy at any time the financial position of the Union and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Union and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Taxation Status

Under S466 to S493 of the Corporation Taxes Act 2010 the Union has been granted status as a charity.

Small Company Provisions

The above report has been prepared in accordance with the small companies regime under the Companies Act 2006 and FRS 102 SORP.

By the order of the Trustees and Directors

Helen Chow

Helen Chow (May 14, 2024 16:25 GMT+1)

Yuen Yi Helen Chow Director

Date : 14/05/2024

8

CHINESE ALLIANCE CHURCHES UNION (UK) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023 (Incorporating Income and Expenditure Account)

Notes
Incoming Resources
Donations
Investment Income
Other Income
19
Total Incoming Resources
Resources Expended
Direct Charity Expenditure
2
Administration of the Union
3
Projects Expenses
4
Other Charges
5
Entrusted Funds Expenses
6
Mission Fund Expenses
7
Governance Costs
8
Total Resources Expended
Net Income before transfers
Gross transfers between funds
Gross transfers between funds
Net Income/loss for the year
Fund Balances as at 31 December 2022
Fund Balances as at 31 December 2023		 General
Designated
Restricted
2023
Fund
Fund
Fund
Total
£
£
£
£
37,669
286,699
279,736
604,104
1,424
-
-
1,424
8,585
11,830
167,811
188,226
47,678
298,529
447,547
793,754
16,605
-
-
16,605
5,994
-
-
5,994
10,371
-
-
10,371
2,045
-
-
2,045
-
-
431,246
431,246
-
134,304
-
134,304
588
-
-
588
35,603
134,304
431,246
601,153
12,075
164,225
16,301
192,601
-
176,595
-
-
-
(176,595)
-
-
12,075
164,225
16,301
192,601
40,362
158,676
62,065
261,103
52,437
322,901
78,366
453,704		 2022
Total
£
371,153
144
344,658
715,955
15,152
5,457
1,961
2,069
524,250
331,109
720
880,718
(164,763)
-
-
(164,763)
425,866
261,103

The amount of net income under Companies Act reporting requirements agrees with the amount shown above as net income for the year.

9

Company Registration Number : 4247363

CHINESE ALLIANCE CHURCHES UNION (UK) BALANCE SHEET AS AT 31 DECEMBER 2023

2023
Notes
£
Fixed Assets
Tangible Fixed Assets
9
114,620
Current Assets
Debtors
10
1,052
Cash at Bank
380,404
381,456
Current Liabilities
Creditors : Amounts falling due within one year
11
8,057
Total current assets less current liabilities
373,399
Long term Liabilities
Creditors : Amount falling due after more than one year
12
34,315
Net Assets
453,704
Funds
General
14
52,437
Designated
15
322,901
Restricted
16
78,366
453,704		 2022
£
117,717
7,787
183,761
191,548
9,955
181,593
38,207
261,103
40,362
158,676
62,065
261,103

The financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime under the Companies Act 2006

Throughout this year, the Union was entitled to the audit exemption conferred by section 477 of the Companies Act 2006. No members of the Union have requested an audit by notice, being deposited under section 476 for the year.

The trustees and directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and preparing financial statements which give a true and fair view of the state of affairs of the Union as at the end of the financial period and of its net income for that period in accordance with the requirements of sections 394 and 395 of the Companies Act 2006 and which otherwise comply with the requirements of the Act relating to financial statements, so far as they are applicable to the Union.

The financial statements were approved by the trustees and board of directors and signed on their behalf by:-

Helen Chow

Helen Chow (May 14, 2024 16:25 GMT+1)

Yuen Yi Helen Chow Director Date : 14/5/2024

10

CHINESE ALLIANCE CHURCHES UNION (UK)
CASHFLOW STATEMENT
AS AT 31 DECEMBER 2023
Cash flows from operating activities:
Net income/(expenditure) for the reporting period
Adjustments for:
Depreciation
(Increase)/Decrease in Debtors
Increase/(Decrease) in Creditors
Net Cash provided by operating activities
Financing activities
Repayment of borrowing
Interest received from borrowing
NBV of Kingston property
Net cash provided by financing activities
Net Cash provided by operating activities
Net cash provided by financing activities
Change in cash and cash equivalents in the
reporting period
Cash and cash equivalents at 1 January
Cash and cash equivalents at 31 December
Cash and cash equivalents comprise:
Cash at bank
Cash in hand		 Company Registration
Number : 4247363
2023
2022
£
£
192,601
(164,763)
3,098
3,098
6,735
(4,498)
(1,898)
(12,149)
7,935
(13,549)
200,536
(178,312)
(7,031)
(96,666)
3,138
1,943
-
198,928
(3,893)
104,205
200,536
(178,312)
(3,893)
104,205
196,643
(74,107)
183,761
257,868
380,404
183,761
376,664
183,579
3,740
182
380,404
183,761		 Company Registration
Number : 4247363
2023
2022
£
£
192,601
(164,763)
3,098
3,098
6,735
(4,498)
(1,898)
(12,149)
7,935
(13,549)
200,536
(178,312)
(7,031)
(96,666)
3,138
1,943
-
198,928
(3,893)
104,205
200,536
(178,312)
(3,893)
104,205
196,643
(74,107)
183,761
257,868
380,404
183,761
376,664
183,579
3,740
182
380,404
183,761
(13,549)
(178,312)
(96,666)
1,943
198,928
104,205
(178,312)
104,205
(74,107)
257,868
183,761
183,579
182
183,761

11

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

1. Accounting Policies

The principal accounting policies which have been applied consistently throughout the year are summarised below.

a) Basis of preparation

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts.

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP(FRS102)) issued on October 2019 and Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Compaies Act 2006.

b) Voluntary Income

Voluntary income is received in cash by way of donations, gifts and legacies.

Cash donations, gifts and legacies are included in full in the statement of financial activities as soon as they are received.

Income received by Gift Aids is included in gross in the statement of financial activities as soon as they are received.

c) Investment Income

Bank interests are included in the statement of financial activities on accrual basis.

d) Expenditure

All expenditure is included in the statement of financial activities. The value of purchase invoices received before the year end but not paid until after the year end has also been included in the statement of financial activities. Individual items of office furniture and equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

e) Taxation

The Union has been granted charitable status by HM Revenue and Customs and as such no tax charge arises on the results for the year.

f) Tax rebate

The Union can claim back the tax from HM Revenue and Customs on the income donated by its members who have signed Gift Aid declarations.

g) Tangible fixed assets and depreciation

Long leasehold building is capitalised at the purchase cost and depreciation is charged to write off the cost on a straight line basis over its expected useful life of 50 years.

h) Going concern

The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

12

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2. Direct Charity Expenditure
Staff Work Expenses
Personnel Employment
3. Administration of the Union
Office Space Expenditure
Printing, Stationery and Advertising
Telephone and Internet Charges
Computer Equipment and Accessories
4. Projects Expenses
Programs and camps
5. Other Charges
Insurance
Sundry
Visa/License renewal
AGM
Bank Charges
6. Entrusted Funds Expenses
HKAM Fund-Personal
HKAM Fund-Projects
MAC Fund -Personal
LAC Fund -Personal
SLAC Fund -Personal
MAMF Fund -Personal
MAMF Fund -Gift Aid Return
7. Mission Funds Expenses
CAWF
Ministries contribution
Short term Mission
Church planting and Support
Donation
Property expenses
8. Governance Costs
Independent Examiner's fees
Professional fees		 2023
General
Designated
Restricted
Total
Fund
Fund
Fund
£
£
£
£
417
417
16,188
16,188
16,605
-
-
16,605
4,800
4,800
212
212
323
323
659
659
5,994
-
-
5,994
10,371
10,371
10,371
-
-
10,371
841
841
159
159
262
262
595
595
188
188
2,045
-
-
2,045
185,748
185,748
5,841
5,841
93,335
93,335
27,591
27,591
55,918
55,918
33,624
33,624
29,189
29,189
-
-
431,246
431,246
4,555
4,555
45,747
45,747
3,740
3,740
69,131
69,131
1,000
1,000
10,131
-
10,131
-
134,304
-
134,304
540
540
48
48
588
-
-
588
13		 2022
Total
£
447
14,705
15,152
4,800
409
248
-
5,457
1,961
1,961
828
361
219
483
178
2,069
185,108
-
124,707
33,059
75,833
105,543
-
524,250
55,569
-
-
-
-
275,540
331,109
525
195
720

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

9. Tangible Fixed Assets
Cost
At 1 January 2023
Additions
Disposal
Depreciation
At 1 January 2023
Charge for the year
Disposal
At 31 December 2023
Net Book Value
At 31 December 2023
At 31 December 2022
10. Debtors
Prepayment
Accrued Income
11. Creditors : Amounts falling due within one year
Mortgage
(Note 12)
Accrued expenses
12. Creditors: Amount falling due after one year
Mortgages
The bank loans are repayable by 240 monthly instalments as
on equal capital repayments :
In one year or less
Between one and two years
Between two and five years
After five years		 Leasehold Buildings
150,042
-
-
150,042
32,324
3,098
-
35,422
114,620
117,717
2023
£
1,052
-
1,052
6,568
1,489
8,057
34,315
34,315
follows and are currently based
6,568
6,568
26,949
799
40,884		 Total
150,042
-
-
150,042
32,324
3,098
-
35,422
114,620
319,744
2022
£
6449
1,338
7,787
6,107
3,848
9,955
38207
38207

14

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

2023 £ £

13. Analysis of Net Assets Between Funds

Property
Debtors
Cash at Bank and in Hand
Creditors < 1 year
Creditors > 1 year		 General
Designated
Restricted
Restricted
Fund
Fund
Fund (Property)
Fund
£
£
£
-
114,620
-
-
607
445
-
-
52,750
249,288
38,711
39,655
-920
-7,137
-
-
-
-34,315
-
-
52,437
322,901
38,711
39,655		 Total
Fund
£
114,620
1,052
380,404
-8,057
-34,315
453,704

14. General Funds

14. General Funds
General Reserves
15. Designated Funds
Mission Fund		 Movements in funds
Balance
Income
Expenditure
Balance
01/01/2023
from
on
31/12/2023
£
£
£
£
40,362
47,678
35,603
52,437
40,362
47,678
35,603
52,437
Movements in funds
Balance
Income
Expenditure
Balance
01/01/2023
from
on
31/12/2023
£
£
£
£
158,676
298,529
134,304
322,901
158,676
298,529
134,304
322,901

There was a movement in 2023 of £176595 from Mission General funds and HK CMA & US CCA church planting funds to different church planting projects. The income and expense for Mission funds has been overstated in the following years Year 2020 £3317.58 Year 2022 £3478.83

These overstated amounts were movements made between the Mission General Funds and Pastor Lucho's ministry.

Mission Fund

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used for the advancement of national and world-wide mission primarily, inclusive of maintenance of missionary activities, but not exclusively through church planting.

Designated Fund

A designated fund is a particular form of unrestricted fund, consisting of amounts of unrestricted funds which have been allocated or designated for specific purposes by the Union itself. The use of designated funds for their designated purposes will remain at the decision of the directors.

15

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

16. Restricted Funds

16. Restricted Funds
HKAM Personnel Fund
MAC Personnel Fund
LAC (YAF) General Fund
LAC (YAF) General Fund-Designated
SLAC General Fund
MAMF General Fund
Union Property Fund
9 St sigrist property
LAC Property Fund		 Movements in funds
Balance
Income
Expenditure
Balance
01/01/2023
from
on
31/12/2023
£
£
£
£
16,361
208,641
191,589
33,413
-
87,834
93,335
(5,501)
305
-
-
305
(562)
29,759
27,591
1,606
2,086
58,047
55,918
4,215
5,164
63,266
62,813
5,617
2,906
-
-
2,906
35,805
-
-
35,805
62,065
447,547
431,246
78,366

HKAM Personnel Fund

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used for the employment of staff working for Hong Kong Alliance Mission.

MAC Personnel Fund

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used for the employment of staff working for Manchester Alliance Church.

SLAC General Fund

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used as general fund for the South London Alliance Church.

LAC General Fund (formerly known as YAF)

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used as general fund for Leeds Alliance church (formerly known as Yorkshire Alliance Fellowship).

MAMF General Fund

It is a pool of unexpended resources, held and maintained separately from other pools. It should only be used as general fund for Manchester Alliance Mandarin Fellowship.

Union Property Fund

The property is under the Union Property Fund which is under the restricted fund of the Union. The Union property fund assists the union in managing any properties purchased with the funding of member congregations. SLAC has sold the property at 9 St Sigrist for £370000 in January 2022 . The property has made a gain of £171071. £102569 has been used to pay the remaining mortgage with Barclay. SLAC has bought a property from the sale proceeds and is using the property as a church centre.The new property is registered under SLAC and is not managed by the union.

Restricted Fund

Restricted funds are funds subject to specific conditions, imposed by the donors and binding on the directors or committee members of the Union. They represent unexpended restricted income and/or assets to which restrictions as to their use apply. The conditions may alternatively be imposed not by the donors but by the trusts relating to the donation.

16

CHINESE ALLIANCE CHURCHES UNION (UK) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

17. Company guarantee

Every member of the Association undertakes to contribute such amount as may be required not exceeding £1 to the assets of the association if it should be wound up while he is a member or within one year after he ceases to be a member, for payment of association's debts and liabilities contracted before he ceased to be a member, and of the costs, charges and expenses of winding up, and for the adjustment of the rights of the contributions among themselves.

18. Remuneration of employees

18. Remuneration of employees
The average number of employees during the year is 16. The total remuneration paid to employees are
follows:
2023
Salary
349072
Employer's National Insurance
24221
Employer's Pension
17082
390375
Remuneration paid to employees are reimbursed by the relevant funds as follows:
HKAM Personnel Fund
114888
MAC Personnel Fund
93705
MAMF Fund
22571
LAC Fund
18571
SLAC Fund
31891
General Fund
14866
Mission Fund
78461
Funds from sponsored churches through HKAM
15422
390375		 as
2022
332632
23055
16996
372683
111513
123244
15000
14149
15850
13509
51643
27775
372683

Remuneration breakdown aboved does not include relocation costs and pension management costs. The pension scheme is a defined contribution scheme.

19. Other Income

19. Other Income
Pension scheme
management
HKAM-CACU book
keeper contribution
Independent examiner
2020 over accrued
Ministries support fund
CCIL Donation to Thailand
CACU Donation
East London Project
Property
Proceeds on disposal
of 9 Sigrist Square		 2023
General Fund
Designated
Fund
Restricted
Fund
1054
471
7531
154265
5340
3667
4068
11830
8585
11830
167811		 2022
General Fund
Designated
Fund
Restricted
Fund
1056
471
6855
30
144300
4320
400
3680
12475
171071
7941
12475
324242

17

CHINESE ALLIANCE CHURCHES UNION (UK)

INDEPENDENT EXAMINERS REPORT TO THE MEMBERS ON THE UNAUDITED ACCOUNTS OF CHINESE ALLIANCE CHURCHES UNION (UK)

I report on the charity trustees on my examination of the accounts of the company for the year ended 31 December 2023 which are set out on pages 9 to 17.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act.

I confirm that I am qualified to undertake the examination because I am a member the Association of chartered certified accountants, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Hannah Murray FCCA

Hannah Murray Accountancy Ltd 61 Falconers Green Westbrook Warrington Cheshire WA5 7XF

Date 14/05/2024

18

Final CACUAnnualTrustee and FinancialReport 2023-v3-AG

Final Audit Report

2024-05-14

Created: 2024-05-14 By: Hannah Murray (info@hannahmurrayaccountancy.co.uk) Status: Signed Transaction ID: CBJCHBCAABAAIIInd8hjSeZCjCL0bGoQW7UF3lvx_dDf

"Final CACUAnnualTrustee and FinancialReport2023-v3-AG" Hi story

2024-05-14 - 9:58:43 AM GMT- IP address: 82.16.101.121

Document emailed to Yuen Yi Helen Chow (yuen.y.h.chow@gmail.com) for signature

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Signer Yuen Yi Helen Chow (yuen.y.h.chow@gmail.com) entered name at signing as Helen Chow 2024-05-14 - 3:25:42 PM GMT- IP address: 143.58.221.214

Document e-signed by Helen Chow (yuen.y.h.chow@gmail.com)

Signature Date: 2024-05-14 - 3:25:44 PM GMT - Time Source: server- IP address: 143.58.221.214

Agreement completed.

2024-05-14 - 3:25:44 PM GMT