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2021-12-31-accounts

Trustees’ Annual Report for the period

From 01/01/2020 To 31/12/2020

Charity name: SOUTH LONDON ALLIANCE CHURCH

Charity registration number: 1103873

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 Promoting the Christian Faith in United Kingdom
and in all parts of the world.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 The proclamation of the Gospel of the Lord
Jesus Christ to people of all nations, and in
particular (but not exclusively) those who
speak Mandarin and/or Cantonese, and the
discipleship of all those who become
Christians through receiving the Lord Jesus
Christ as Saviour and Lord so that they may
grow in spiritual maturity and
understanding.
(b) Fostering the growth of church as an
indigenous body of Christ.
(c) The education and training of Christians
for the ministries of the Church both at
home and overseas and the encouragement
of Christians to become established as active
members of their local churches.
(d) Facilitating evangelism and Christian
training that agree with the church’s
Doctrinal Statement and conduct their
affairs consistently with it.
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We have had regard to the guidance issued
for public benefit and have met this by
providing a spiritual home where Christians
and non-Christians can gather to know and
/or receive Jesus Christ as their Lord and
saviour.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 With the roll-out of the vaccination
programme across the country, the
church has resumed physical service and
fellowship gatherings while putting
measures in place to ensure members of
the church are protected and risk is
minimised.
With the recent introduction of the BNO
(British Nationals (overseas)) visa which
enable citizens from Hong Kong to live
and work in the UK, there has been an
influx of BNO passport holders in the
area. The SLAC offered itself as a first
point of contact and acted as a conduit to
assist incoming families as they settle
and adjust to their new environment. This
was accomplished through close family
support and advise given on society
integration when needed.
To facilitate the increase of the number of
people, SLAC has added an extra service
on Sunday. Additional Sunday school
classes, divided into different age groups
have also been added to cater to the
increased number of youths in the
church.
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 The charity's financial position remains
secure at the end of the period.
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22 Although the charity does not have a cash
reserve policy, reserves are held as bank
savings and real estate property. It holds
designated funds for its pastoral and
property purposes. Every major financial
decision requires majority approval from the
congregation which serves as an important
device to monitor financial risks.
Amount of reserves held Para 1.22 £381,147
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Constitution
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Trustees are selected through a voting
system by qualified members during the
Annual General Meeting.

Additional information (optional) You may choose to include further statements where relevant about: Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name SOUTH LONDON ALLIANCE CHURCH
Other name the charity uses
Registered charity number 1103873
Charity’s principal address

Names of the charity trustees who manage the charity

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 Trustee name Office (if any) Office (if any) Dates acted if not for whole
**year **		 Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Wai LungSHAM Chairman
Hoi Yee CHAU Treasurer
KingWai HUNG Secretary
Kin MingKO
Corporate trustees–names of the directors at the date the report was approved
Director name
Wai Lung SHAM
Hoi Yee CHAU
King Wai HUNG
Director name
Wai Lung SHAM
Hoi Yee CHAU
King Wai HUNG

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Position (eg Secretary, Chair, etc) Date

Company registration number: 5096423 Charity number: 1103873

SOUTH LONDON ALLIANCE CHURCH

Report and Financial Statements For the Year Ended 31st December 2021

SOUTH LONDON ALLIANCE CHURCH

CONTENTS

Page
Company information 1
Directors' report 2
Statement of financial statement activities 3
Balance Sheet 4
Notes to the financial statements 5,6,7,8

SOUTH LONDON ALLIANCE CHURCH COMPANY INFORMATION FOR THE PERIOD ENDED 31ST DECEMBER 2021

Registration number 5096423 Company directors Rev W L Sham Ms S H Chiu Mr K M Ko Mr K W Hung Mr C W Chiu Company secretary Mr K W Hung Registered office The Parish Church of St Andrew Herbert Road London SW19 3SH Banker HSBC plc 75 - 77 High Street Sutton Surrey SM1 1DU

Page 1

SOUTH LONDON ALLIANCE CHURCH DIRECTORS' REPORT FOR THE YEAR ENDED 31ST DECEMBER 2021

The directors present their report and the financial statements for the year ended 31st December 2021.

Principal activity

The principal activity of the Church is that of a charity, its objects are to proclaim Jesus Christ as Lord, to strengthen Christians in their understanding and commitment to the Lordship of Jesus Christ and to foster the growth of Church as an indigenous body of Christ.

Directors

The directors as at 31st December 2021 were as follows:

Rev W L Sham Ms S H Chiu Mr K M Ko Mr K W Hung Mr C W Chiu

Statement of directors' responsibilities

Company law requires the directors to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Church and of the surplus or deficit of the Church for that year. In preparing those financial statements, the directors are required to:

The directors are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church and to enable them to ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention of fraud and other irregularities.

This report has been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 relating to small companies. It was approved by the board on 19 Feb 2022 and signed on its behalf.

Mr K W Hung Director

Page 2

SOUTH LONDON ALLIANCE CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Incoming resources
Notes
Sunday offering received
Interest income
Other income
Total incoming resources
Resources expended
Rent
Charitable Donations
9
Mission Fund
5
Charity Fund
6
Theological Fund
10
Church Ministry
12
Honorarium
13
Special Projects and Programmes
14
Administrative Expenses
15
Sundries
16
CACU Mortgage
7
CACU Property Sundries
7
Property Sundries (244 Malden Way)
7
Pastoral Fund
8
Short Term Mission Fund
11
Total resources expended
Movement in total funds for the year
Transfer from unrestricted fund
Transfer to designated funds
Total funds brought forward
Total funds carried forward		 Unrestricted
Fund
£
60,766
9
20,402
81,177
6,211
5,599
0
0
0
2,181
479
43
4,800
466
0
0
0
0
0
19,779
61,398
0
(12,697)
143,567
192,269		 Designated
Funds
£
71,933
0
14,669
86,602
0
0
700
1,084
1,400
0
0
0
0
0
11,627
1,804
18,177
16,149
0
50,942
35,660
12,697
0
140,522
188,878		 2021
Total
£
132,699
9
35,071
167,778
6,211
5,599
700
1,084
1,400
2,181
479
43
4,800
466
11,627
1,804
18,177
16,149
0
70,720
97,058
12,697
(12,697)
284,089
381,147		 2020
Total
£
127,824
99
39,150
167,073
3,995
4,422
2,200
500
0
3,221
113
163
1,151
483
12,031
1,534
0
16,021
0
45,834
121,239
7,484
(7,484)
162,850
284,089

Page 3

SOUTH LONDON ALLIANCE CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2021

Notes
ASSETS
Fixed Assets
Land and buildings
Current Assets
Cash at bank
TOTAL ASSETS
LIABILITIES
Current liabilities
Personal Loan from the Congregation
Loan from Belfast Church
Non-current liabilities
Personal Loan from the Congregation
Loan from Belfast Church
TOTAL LIABILITIES
Funds
Unrestricted fund
17
Designated funds
18
TOTAL LIABILITIES & FUNDS		 2021
£
650,000
111,147
111,147
761,147
265,000
5,000
270,000
65,000
45,000
110,000
380,000
192,269
188,878
381,147
761,147		 2020
£
0
284,089
284,089
284,089
0
0
0
0
0
0
0
143,567
140,522
284,089
284,089

The directors consider that the Church is entitled to exemption from the requirement to have an audit under the provision of s.249A(1) of the Companies Act 1985. Members have not required the Church, under s.249B(2) of the Companies Act 1985, to obtain an audit for the period ended 31st December 2021. The directors acknowledge their responsibilities for ensuring that the Church keeps accounting records which comply with s.221 of the Companies Act 1985, and for preparing accounts which give a true and fair view of the state of affairs of the Church as at 31st December 2021 and of its net income for the period then ended in accordance with the requirements of s.226, and which otherwise comply with the requirements of the Act relating to the accounts so far as applicable to the Church.

The financial statements which have been prepared in accordance with the special provisions of Part VII of the Companies Act 1985 applicable to small companies were approved by the board on 19 Feb 2022 and signed on its behalf.

Mr K W Hung Company secretary

Page 4

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1 Accounting policies

The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2000) issued in October 2000, applicable accounting standards and the Companies Act 1985. The principal accounting policies adopted in the preparation of the financial statements are as follows:

Fixed Assets

Cost model is used to record our assets. i.e. the asset is carried at cost less accumulated depreciation and impairment.

Incoming resources

They represent offerings received from members of the church and other donors and bank interest received during the year.

Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis.

Fund accounting

Funds held by the charity are either:

Unrestricted funds: these are funds which can be used in accordance with the charitable objects at the discretion of the directors.

Designated funds: these are funds set aside by the directors out of unrestricted general funds for specific future purposes or projects.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Cash flow statement

The company has taken advantage of the exemptions in Financial Reporting Standard No.1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

2 Directors' remuneration and working expenses

During the period the charity did not have any employees and no remuneration was paid to any of the directors.

Working expenses paid to voluntary directors were: Rev W L Sham: £662.8; Mr K M Ko: £27.75; Mr K W Hung: £15 Mr CW Chiu: £0; Ms S H Chiu: £0.

3 Corporation Tax

The company being recognised as a registered charity is entitled to exemption from corporation tax under S505 of TA 1988.

4 Legal status of the charity

The charity is a company limited by guarantee and has no share capital. The liability of each member in the event of winding-up is limited to £1.

Page 5

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2021

5
Mission Fund
Chinese Christian Mission
Herald Europe
Shower of Blessing
Missionary
RBC Ministries
6
Charity Fund
Donation to Tear Fund
Donation to Red Nose
Donation to Samaritans Purse
Donation to Barnabas Fund
7
Property Fund
CACU Mortgage
CACU Porperty Sundries
Property Sundries (244 Malden way, KT35QU)
8
Pastoral Fund
Pastor Yan's Salary & Subsidy
Subsidy for Visiting Pastor
9
Charitable Donations
CACU (UK) General Fund
CACU Mission Fund
10 Theological Fund
Supporting Theology Student
11 Short Term Mission Fund
Administration and Travel		 2021
£
0
200
0
500
0
700
2021
£
355
109
205
415
1,084
2021
£
11,627
1,804
18,177
31,608
2021
£
16,149
0
16,149
2021
£
3,517
2,082
5,599
2021
£
1,400
1,400
2021
£
0
0		 2020
£
0
200
200
1,800
0
2,200
2020
£
0
0
0
500
500
2020
£
12,031
1,534
0
13,564
2020
£
16,021
0
16,021
2020
£
2,361
2,061
4,422
2020
£
0
0
2020
£
0
0

Page 6

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2021

12 Church ministry
Baptism
Sunday School
Special Ministry
Pastoral Care
Outreach
Student Outreach
Fellowship Group
Youth Group
Tutorial Class
13 Honorarium
Speaker Fee
Travel
14 Special projects and programmes
Courses and Training
CACU(UK) Retreat
Lay Leadership Training Program
15 Administrative expenses
Legal & Professional
Phone
Postage and Stationery
Travel & Mileage
Office Equipment & Maintenance
Website
16 Sundries
Refreshments
Others & Holy Communion
17 Unrestricted fund
Balance b/f
Movement in the year
Transfer to designated funds
Balance c/f		 General
Fund
£
143,567
61,398
(12,697)
192,269		 2021
£
190
296
60
86
323
75
172
713
265
2,181
2021
£
120
359
479
2021
£
43
0
0
43
2021
£
642
440
169
167
3,297
84
4,800
2021
£
296
170
466
2021
£
143,567
61,398
(12,697)
192,269		 2020
£
128
232
800
64
360
900
349
0
388
3,221
2020
£
100
13
113
2020
£
163
0
0
163
2020
£
331
280
25
154
275
86
1,151
2020
£
297
187
483
2020
£
89,913
61,138
(7,484)
143,567

*** Unrestricted Fund is composed of General Fund only.**

Page 7

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2021

18 Designated funds
Mission
Fund
£
Incoming Resources
90
Resources Expended
(700)
Movement in the period
(610)
T/F from General Fund
720
Balance b/f
3,478
Balance c/f
3,588		 Pastoral
Fund
£
70
(16,149)
(16,079)
6,077
23,747
13,745		 Property
Fund
£
85,483
(31,608)
53,874
0
113,148
167,023		 Charity
Fund
£
959
(1,084)
(125)
300
78
253		 Theological
Fund
£
0
(1,400)
(1,400)
5,600
0
4,200		 ST Mission
Fund
£
0
0
0
0
70
70		 2021
Total
£
86,602
(50,942)
35,660
12,697
140,522
188,878		 2020
Total
£
92,386
(32,285)
60,101
7,484
72,937
140,522

Mission Fund

This is reserved for Mission work.

Pastoral Fund

This is reserved for the employment of pastoral staff.

Property Fund

This is reserved for the acquisition of church's property in the future exclusively, not inclusive of any rental payments that may arise.

As SLAC completed the sale of 9 Sigrist Square on 10 January 2022 and the purchase of 244 Malden Way in its own name on 5 November 2021, the balance of Property Fund in 2022 will be further affected by capital gain generated by the relevant disposal and depreciation of the property owned.

Charity Fund

This is reserved for Relief work and supporting the financial needs of members of the Congregation.

Short Term Mission Fund

This is reserved for Short Term Mission.

Theological Fund

This is reserved for supporting the congregational members who study Theology.

Page 8

SOUTH LONDON ALLIANCE CHURCH

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021

I report on the financial statements of South London Alliance Church for the year ended 31 December 2021.

Respective responsibilities of trustees and independent examiner

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”), and to consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act), as amended by s.28 of the Charities Act 2006, does not apply. It is my responsibility to examine accounts under section 43 of the Act, as amended, to follow procedures specified in the General Directions given by the Charity Commission under section 43(7)(b) of the Act, as amended, whether particular matters have come to my attention.

Basis of independent examiner's statement

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

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.

Olaoluwa Baikie 31[st] August 2022 Greenfield Accounting 100 Greenfield Avenue Surbiton KT5 9HS