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← South London Alliance Church

2023-12-31-accounts

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Trustees’ Annual Report for the period

From 01/01/2023 To 31/12/2023

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 the
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 in approx. 700+ in 2023. 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, youths, etc.
Subsequent to the recent immigration through British
Nationals (Overseas) (BNO) visa, a huge amount of
influx of BNO passport holders in the U.K., SLAC
offered itself as a first point of contact and acted as a
conduit to assist the immigrated families to 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 the U.K. This was accomplished
by family visits, supports and advices given on the
society integration upon needed.
SLAC has facilitated the increased number of people,
SLAC provided Sunday Services, additional bible
study classes for different age groups to cater for the
increased number of people, youths and children in
the church.
SLAC acts as a family for various fellowships and
different groups of people for gatherings and social
communication.

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 sound and
secure at the end of the period.
Statement explaining the policy
for holding reserves stating why
they are held.		 Para 1.22 The charity holds reserves primarily in fixed asset
which generates rental income. While the charity
does not have a cash reserve policy, it holds various
designated reserves including those for pastoral,
mission, property, charity and theology purposes.
The trustees of SLAC monitor the funds from time to
time and approve every major financial decision to
ensure that there is always sufficient funds to enable
activities to be carried out smoothly and without any
disruption.
Amount of reserves held. Para 1.22 £813,995
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

Description of charity’s trusts: SORP Ref.
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
09NOV2024 09NOV2024

Company registration number: 5096423 Charity number: 1103873

SOUTH LONDON ALLIANCE CHURCH

Report and Financial Statements For the Year Ended 31st December 2023

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

SOUTH LONDON ALLIANCE CHURCH COMPANY INFORMATION FOR THE PERIOD ENDED 31ST DECEMBER 2023

Registration number 5096423 Company directors Rev W L Sham Mr C P Lee Ms H Y Chau Mr K C Fung Mr K K Lam Mr K Y Wong Ms O Y Mok Company secretary Mr K C Fung 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 2023

The directors present their report and the financial statements for the year ended 31st December 2023.

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 2023 were as follows:

Rev W L Sham Mr C P Lee Ms H Y Chau Mr K C Fung Mr K K Lam Mr K Y Wong Ms O Y Mok

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 [date] and signed on its behalf.

Mr K C Fung Director

Page 2

SOUTH LONDON ALLIANCE CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023

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Unrestricted Designated 2023 2022
Incoming resources Notes Fund Funds Total Total
£ £ £ £
Sunday offering received 165,955 22,237 188,192 135,225
Interest income 10 - 10 1
Rental income - 12,900 12,900 12,958
Tax relief from HMRC 21,051 - 21,051 -
Other income 16,845 - 16,845 5,077
- - -
Sales of Sigrist Square 266,440
Total incoming resources 203,861 35,137 238,998 419,701
Resources expended
Rent 20,446 - 20,446 18,993
Mission Fund 5 - 1,872 1,872 241
Charity Fund 6 - 1,700 1,700 4,765
Property Sundries (244 Malden Way) 7 - 1,807 1,807 4,750
Property Utilities (244 Malden Way) 7 - 3,363 3,363 -
Pastoral Fund 8 - 50,873 50,873 30,445
Charitable Donations 9 20,091 - 20,091 12,342
Church Ministry 10 30,582 - 30,582 7,249
Honorarium 11 841 - 841 902
Special Projects and Programmes 12 2,551 - 2,551 385
Administrative Expenses 13 3,607 - 3,607 4,396
Sundries 14 407 - 407 336
CACU Mortgage 7 - - - 2,907
Total resources expended 78,525 59,615 138,140 87,710
Movement in total funds for the year 125,336 (24,478) 100,858 331,990
Transfer from unrestricted fund - 29,253 29,253 19,961
-
Transfer to designated funds (29,253) (29,253) (19,961)
Total funds brought forward 506,857 206,280 713,137 381,147
Total funds carried forward 602,940 211,055 813,995 713,137
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Page 3

SOUTH LONDON ALLIANCE CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2023

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2023 2022
Notes £ £
ASSETS
Fixed Assets
244 Malden Way, KT35QU 650,000 650,000
Current Assets
Cash at bank and in hand 196,617 111,417
Receivable from Employee 22,840 16,720
219,457 128,137
TOTAL ASSETS 869,457 778,137
LIABILITIES
Current liabilities
Personal Loan from the Congregation 5,000 5,000
Loan from Belfast Church 5,000 5,000
Accruals 462 -
10,462 10,000
Non-current liabilities
Personal Loan from the Congregation 10,000 15,000
Loan from Belfast Church 35,000 40,000
45,000 55,000
TOTAL LIABILITIES 55,462 65,000
Funds
Unrestricted fund 15 602,940 506,857
Designated funds 16 211,055 206,281
813,995 713,137
TOTAL LIABILITIES & FUNDS 869,457 778,137
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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 2023. 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 2023 and of its net income for the period then ended in accordance with the requirements of s.226 of the Companies Act 1985, 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 11th August 2024 and signed on its behalf.

Mr K C Fung Company secretary

Page 4

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

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 pay remuneration to any of the directors.

Working expenses paid to voluntary directors were:

Rev. W L Sham: £2,326.13; Mr. C P Lee: £0; Ms. H Y Chau: £180.27; Mr. K C Fung: £54.07; Mr. K K Lam: £0; Mr. K Y Wong: £0; Ms. O Y Mok: £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.

5 Mission Fund

Mission Fund
STM trips
Missionary
CAWF trips
Charity Fund
Donation to Tear Fund
Donation to Enhanceable
Donation to Barnabas Fund
Donation to Frontier		 2023
£
1,054
500
318
1,872
2023
£
200
500
1,000
-
1,700		 2022
£
241
-
-
241
2022
£
-
-
4,465
300
4,765

6 Charity Fund

Page 5

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2023

7 Property Fund

Property Fund
Property Sundries (244 Malden way, KT35QU)
Property Utilities (244 Malden Way, KT35QU)
CACU Mortgage
Pastoral Fund
Contribution to Pastoral staff salary
Personnel
Charitable Donations
CACU (UK) General Fund (2023: £6,759, 2024: £6,586)
CACU Mission Fund (2023: £2,431, 2024:£4,315)
Church ministry
Baptism
Sunday School
Special Ministry
Pastoral Care
Outreach
Fellowship Group
Youth Group
Tutorial Class
Honorarium
Speaker Fee
Travel
Sundries
Special projects and programmes
Courses and Training
CACU(UK) Retreat
Lay Leadership Training Program
Administrative expenses
Legal & Professional
Phone
Postage and Stationery
Travel & Mileage
Office Equipment & Maintenance
Website		 2023
£
1,807
3,363
-
5,170
2023
£
18,626
32,247
50,873
2023
£
13,345
6,746
20,091
2023
£
255
195
16,595
399
661
3,895
8,581
-
30,582
2023
£
350
481
9
841
2023
£
445
694
1,413
2,551
2023
£
989
512
191
380
1,405
130
3,607		 2022
£
4,750
-
2,907
7,656
2022
£
23,161
7,284
30,445
2022
£
10,348
1,994
12,342
2022
£
398
283
2,992
338
601
395
2,201
41
7,249
2022
£
150
752
-
902
2022
£
153
-
232
385
2022
£
986
280
261
228
2,545
96
4,396

8 Pastoral Fund

9 Charitable Donations

10 Church ministry

11 Honorarium

12 Special projects and programmes

13 Administrative expenses

Page 6

SOUTH LONDON ALLIANCE CHURCH NOTES TO THE FINANCIAL STATEMENTS (cont'd) FOR THE YEAR ENDED 31ST DECEMBER 2023

14 Sundries
Refreshments
Others & Holy Communion
15 Unrestricted fund
Balance b/f
Movement in the year
Transfer to designated funds
Balance c/f
Unrestricted Fund is composed of General Fund only.*
16 Designated funds
Mission
Pastoral
Property
Fund
Fund
Fund
£
£
£
Incoming Resources
965
12,644
19,171
Resources Expended
(1,872)
(50,873)
(5,170)
Movement in the period
(907)
(38,229)
14,001
T/F from General Fund
9,957
16,595
-
Balance b/f
12,445
3,308
182,944
Balance c/f
21,495
(18,326)
196,945**		 Charity
Fund
£
2,357
(1,700)
657
300
913
1,870		 Theological
Fund
£
-
-
-
2,400
6,600
9,000		 General
Fund
£
506,857
125,336
(29,253)
602,940
ST Mission
Fund
£
-
-
-
-
70
70		 2023
£
75
332
407
2023
£
506,857
125,336
(29,253)
602,940
2023
Total
£
35,137
(59,615)
(24,478)
29,253
206,281
211,055		 2022
£
102
234
336
2022
£
192,269
334,549
(19,961)
506,857
2022
Total
£
40,547
(43,106)
(2,559)
19,961
188,878
206,281

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.

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.

17 Employees

The average monthly number of employees during the year was:

Personnel costs
Wages and salaries
Other pension costs		 Number
1
2023
£
30,796
1,451
32,247		 Number
1
2022
£
7,284
-
7,284

There were no employees whose annual remuneration was more than £60,000.

Page 7

SOUTH LONDON ALLIANCE CHURCH

INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 DECEMBER 2023

I report on the financial statements of South London Alliance Church for the year ended 31 December 2023.

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.

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Olaoluwa Baikie 30[th] October 2024 Greenfield Accounting 100 Greenfield Avenue Surbiton KT5 9HS