## **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** |1
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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: - select suitable accounting policies and then apply them consistently - make judgements and estimates that are reasonable and prudent - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Church will continue in operation 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. - In 2021, the change in Property Fund is mainly attributed to the following factors: - offerings; - sundry expenses and mortgage expense for 9 Sigrist Square; - sundry expenses for 244 Malden Way. 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: - the accounting records were not kept in accordance with section 130 of the Charities Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Act. 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