## **Trustees’ Annual Report for the period**
**From 01/01/2022 To 31/12/2022**
## **Charity Name: SOUTH LONDON ALLIANCE CHURCH**
## **Charity Registration Number: 1103873**
## **Objectives and Activities**
|**Objectives and Activities**|||
|---|---|---|
||SORP Ref.||
|Summary of the purposes of the
charity as set out in its
governing document.|Para 1.17|To promulgate and share Christian’s Faith in United
Kingdom and 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 &
1.19|(a) To preach and share the gospels of Jesus Christ
to the people of all nations and those, but not
limited to, speak Cantonese and/or Mandarin,
and the discipleship of all bodies who have
become Christians through receiving the Jesus
Christ as a saviour and the Lord in terms of
growing in spiritual maturity and understanding.
(b) To foster the growth of church as an indigenous
body of Christ.
(c) To encourage and educate Christians to be the
ministries of the church both in the home country
and overseas as well as to encourage Christians
to be the active members of their local churches.
(d) To facilitate evangelism and Christian trainings in
accordance with the church’s doctrinal statement
in order to manage all affairs consistently and
accordingly.|
|Statement confirming whether
the trustees have had regard to
the guidance issued by the
Charity Commission on public
benefit.|Para 1.18|We have followed the guidance issued for public
benefits and met the guidance by providing a spiritual
home where Christians and non-Christians can
gather to know and/or receive Jesus Christ as the
Lord and saviour.|
## **Additional Information (Optional)** You may choose to include further statements where relevant about:
||SORP Ref.||
|---|---|---|
|Policy on grant making.|Para 1.38||
|Policy on social investment
including program related
investment.|Para 1.38||
|Contribution made by
volunteers.|Para 1.38||
|Others|||
## **Achievements and Performance**
||SORP Ref.||
|---|---|---|
|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|The church has maintained to provide two (2) regular
Sunday Services every Sunday morning through the
whole year in order to cope with the incessant growth
of congregation from approx. 200 up to 500+ in the
end of 2022. Besides, there are different fellowships
in South London Alliance Church (SLAC) for different
groups of people for the respective bonding
enhancement, such as fellowships for couples,
matured peoples, etc.
Subsequent to the recent immigration through British
Nationals (Overseas) (BNO) visa, a huge amount of
influx of BNO passport holders in U.K., SLAC offered
itself as a first point of contact and acted as a conduit
to assist the immigrated families as they settle and
adjust themselves to the new environment in terms of
ensuring the immigrants from Hong Kong to be able
to live and work in U.K. This was accomplished by
close family supports and advices given on society
integration upon needed.
To facilitate the increased number of people, SLAC
has provided an extra Sunday Services, additional
bible study classes for different age groups to cater
for the increased number of people and youths in the
church.
SLAC acts as family for various fellowships and
different groups of people for gatherings and social
life commuting.|
## **Additional Information (Optional)** You may choose to include further statements where relevant about:
||SORP Ref.||
|---|---|---|
|Achievements against
objectives set.|Para 1.41||
|Performance of fundraising
activities against objectives set.|Para 1.41||
|Investment performance
against objectives.|Para 1.41||
|Others|||
## **Financial Review**
|**Financial Review**|||
|---|---|---|
||SORP Ref.||
|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|The amount of reserve held is of real-estate in
nature. The charity does not have a cash reserve
policy. 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|£713,137|
|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 where relevant about:
||SORP Ref.||
|---|---|---|
|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||
|Others|||
## **Structure, Governance and Management**
||SORP Ref.||
|---|---|---|
|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:
||SORP Ref.||
|---|---|---|
|Policies and procedures
adopted for the induction and
training of trustees.|Para 1.51||
|The charity’s organisational
structure and any wider network
with which the charity works.|Para 1.51||
|Relationship with any related
parties.|Para 1.51||
|Others|||
## **Reference and Administrative Details**
|Charity Name|SOUTH LONDON ALLIANCE CHURCH|
|---|---|
|Other Name the Charity Uses|Nil|
|Registered Charity Number|1103873|
|Charity’s Principal Address|244 Malden Way, New Malden, KT3 5QU, U.K.|
## Names of the charity trustees who manage the charity.
|1.
2.
3.
4.
5.
6.
7.|**Trustee Name**|**Office (if any)**|**Dates acted if not**
**for whole year**|**Name of person (or body)**
**entitled to appoint trustee (if**
**any)**|
|---|---|---|---|---|
||Wai Lung SHAM|Chairman|||
||King Cheong FUNG|Secretary|||
||Hoi Yee CHAU|Treasurer|||
||Oi Yan MOK|Cashier|||
||Chi Pong LEE|Warden|||
||King Yeung WONG|Technical Advisor|||
||Kin Kwan LAM|Education Coordinator|||
## – Corporate trustees names of the directors at the date the report was approved.
**Director Name Wai Lung SHAM King Cheong FUNG Hoi Yee CHAU Oi Yan MOK Chi Pong LEE King Yeung WONG Kin Kwan LAM**
## 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 Adviser Name Address**
**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 (e.g. Secretary, Chair,**
**etc.)**
**Date**|||
|---|---|---|
||SHAM Sam Wai Lung Sam|FUNG Duglas King Cheong|
||
Director|Director|
||||
||||
Company registration number: 5096423 Charity number: 1103873
## **SOUTH LONDON ALLIANCE CHURCH**
**Report and Financial Statements For the Year Ended 31st December 2022**
## **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 2022**
|**Registration number**|5096423|
|---|---|
|**Company directors**|Rev W L Sham|
||Ms H Y Chau|
||Mr K M Ko|
||Mr K W Hung|
|**Company secretary**|Mr K W Hung|
|**Registered office**|244 Malden Way|
||New Malden|
||London|
||KT3 5QU|
|**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 2022**
The directors present their report and the financial statements for the year ended 31st December 2022.
## **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 2022 were as follows:
Rev W L Sham Ms H Y Chau Mr K M Ko Mr K W Hung
## **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 15th April 2023 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 2022**
**----- Start of picture text -----**
Unrestricted Designated 2022 2021
Incoming resources Notes Fund Funds Total Total
£ £ £ £
Sunday offering received 107,881 27,345 135,225 132,699
Interest income 1 0 1 9
Other income 4,832 13,203 18,035 35,071
Sales of Sigrist Square 266,440 0 266,440 0
Total incoming resources 379,153 40,547 419,701 167,778
Resources expended
Rent 18,993 0 18,993 6,211
Charitable Donations 9 12,342 0 12,342 5,599
Mission Fund 5 0 241 241 700
Charity Fund 6 0 4,765 4,765 1,084
Theological Fund 10 0 0 0 1,400
Church Ministry 12 7,249 0 7,249 2,181
Honorarium 13 902 0 902 479
Special Projects and Programmes 14 385 0 385 43
Administrative Expenses 15 4,396 0 4,396 4,800
Sundries 16 336 0 336 466
CACU Mortgage 7 0 2,907 2,907 11,627
CACU Property Sundries 7 0 0 0 1,804
Property Sundries (244 Malden Way) 7 0 4,750 4,750 18,177
Pastoral Fund 8 0 30,445 30,445 16,149
Short Term Mission Fund 11 0 0 0 0
Total resources expended 44,604 43,106 87,710 70,720
Movement in total funds for the year 334,549 (2,559) 331,990 97,058
Transfer from unrestricted fund 0 19,961 19,961 12,697
Transfer to designated funds (19,961) 0 (19,961) (12,697)
Total funds brought forward 192,269 188,878 381,147 284,089
Total funds carried forward 506,857 206,280 713,137 381,147
**----- End of picture text -----**
Page 3
## **SOUTH LONDON ALLIANCE CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2022**
**----- Start of picture text -----**
2022 2021
Notes £ £
ASSETS
Fixed Assets
244 Malden Way, KT35QU 650,000 650,000
Current Assets
Cash at bank 111,417 111,147
Receivable from Employee 16,720 0
128,137 111,147
TOTAL ASSETS 778,137 761,147
LIABILITIES
Current liabilities
Personal Loan from the Congregation 5,000 265,000
Loan from Belfast Church 5,000 5,000
10,000 270,000
Non-current liabilities
Personal Loan from the Congregation 15,000 65,000
Loan from Belfast Church 40,000 45,000
55,000 110,000
TOTAL LIABILITIES 65,000 380,000
Funds
Unrestricted fund 17 506,857 192,269
Designated funds 18 206,281 188,878
713,137 381,147
TOTAL LIABILITIES & FUNDS 778,137 761,147
**----- End of picture text -----**
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 2022. 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 2022 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 15th April 2023 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 2022**
## **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:
## _**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: £821.33; Mr K M Ko: £0; Mr K W Hung: £0; Ms H Y Chau £15.7
## **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 2022**
|**5**
**Mission Fund**
STM trips
Herald Europe
Missionary
**6**
**Charity Fund**
Donation to Tear Fund
Donation to Red Nose
Donation to Frontier
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
Personnel
**9**
**Charitable Donations**
CACU (UK) General Fund
CACU Mission Fund
**10 Theological Fund**
Supporting Theology Student
**11 Short Term Mission Fund**
Administration and Travel
**12 Church ministry**
Baptism
Sunday School
Special Ministry
Pastoral Care
Outreach
Student Outreach
Fellowship Group
Youth Group
Tutorial Class|**2022**
**£**
241
0
0
**241**
**2022**
**£**
0
0
300
0
4,465
**4,765**
**2022**
**£**
2,907
0
4,750
**7,656**
**2022**
**£**
23,161
7,284
**30,445**
**2022**
**£**
10,348
1,994
**12,342**
**2022**
**£**
0
**0**
**2022**
**£**
0
**0**
**2022**
**£**
398
283
2,992
338
601
0
395
2,201
41
**7,249**|**2021**
**£**
0
200
500
**700**
**2021**
**£**
355
109
0
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**
**2021**
**£**
190
296
60
86
323
75
172
713
265
**2,181**|
|---|---|---|
Page 6
**SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2022**
## **13 Honorarium**
|**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**
**£**
192,269
334,549
(19,961)
**506,857**|**2022**
**£**
150
752
**902**
**2022**
**£**
153
0
232
**385**
**2022**
**£**
986
280
261
228
2,545
96
**4,396**
**2022**
**£**
102
234
**336**
**2022**
**£**
192,269
334,549
(19,961)
**506,857**|**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**|
|---|---|---|---|
*** 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 2022**
|**18 Designated funds**
**Mission**
**Fund**
**£**
Incoming Resources
2,625
Resources Expended
(241)
Movement in the period
2,384
T/F from General Fund
6,473
Balance b/f
**3,588**
Balance c/f
**12,445**|**Pastoral**
**Fund**
**£**
9,220
(30,445)
(21,225)
10,788
**13,745**
**3,308**|**Property**
**Fund**
**£**
23,578
(7,656)
15,921
0
**167,023**
**182,944**|**Charity**
**Fund**
**£**
5,125
(4,765)
360
300
**253**
**913**|**Theological**
**Fund**
**£**
0
0
0
2,400
**4,200**
**6,600**|**ST Mission**
**Fund**
**£**
0
0
0
0
**70**
**70**|**2022**
**Total**
**£**
40,547
(43,106)
(2,559)
19,961
**188,878**
**206,281**|**2021**
**Total**
**£**
86,602
(50,942)
35,660
12,697
**140,522**
**188,878**|
|---|---|---|---|---|---|---|---|
## **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 2022**
I report on the financial statements of South London Alliance Church for the year ended 31 December 2022.
## **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 11[th] September 2023 Greenfield Accounting 100 Greenfield Avenue Surbiton KT5 9HS