AGM 2025- 7.5 EIC
06 September 2025
(A company limited by guarantee)
Charity number
Company number
5tt 1107568
51 05285135
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2024

CHINESE CHURCH IN LONDON
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
12
31
INDEX
Page
Report of the Trustees
3-22
Independent Auditors, Report
23-28
statement of Financial Activities .Ba%%￿*
29
Balance Sheet
30-31
Statement of Cash Flows
32-33
Notes to the Financial Ststements
34-48

CHINESE CHURCH IN LONDON
REPORT OF THE TRUSTEES
The Board (the trustees and directors of the charitable company) presents the combined directors, report and
trustees, annual report, as required by company law, togetherwith the audited financial statements of Chinese
Church in London for the year ended 31 December 2024. The financial statements have been prepared in
accordance with the accounting policies set out in Note 1 and comply with the charity's trust deed, applicable
law, relevant accounting standards including the requirements of the Statement of Recommended Practice,
Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), 'Accounting and
Reporting by Charities..
(¥*JK.
*&tk"% 2024 * 12 R 31
1 14-¥
(FRS102) [¥
1. REFERENCE AND ADMINISTRATIVE DETAILS
BOARD MEMBERS
DIRECTORS AND TRUSTEES
The following held office as directors (trustees) from 1 January 2024 to 31 December 2024..
LAFAAF2024*1 R 1 B*2024*12A 31 ￿.
yral&¥ (*%A)
Chairman *K:
Elder Peng Chiew Wong
October2024)
Deacon Che Sheung Wong
September 2024)
Keith Lau IJS¥ (from 1st October2024)
Chun Fai Patric Mak ¥IETh (Until 30 September
2024)
Kieran Bik Nga Kvnk SIS
October 2024)
Yufan Chen (Until 30 September 2024)
Elder Oliver Hing Yee Tang
Deaconess Ly m￿ Yu
r&t (from 1st
*.iti44¥{Until 30
Company Secretary
Treasurer
(from 1st
Other Board Members XlW¥
(from 1st October2024)
SENIOR STAFF MEMBERS-
Non-Elected Board Members
Kieran Bik Nga Kwok ￿￿eyÈ (Until 301h
September 2024)

REGISTERED CHURCH ADDRESS
69-71 Brook Gr￿n London W6 7BE
AUDITORS
Knox Cropper LLP
65 Leadenhall Street London EC3A 2AD
BANKERS
Barclays Bank PLC
Kingston 2
Leicestershire LE87 2BB
Virgin Money
Jubilee House, Gosforth
Newcastle Upon Tyne NE3 4PL
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governin
Document .
The Church is a charitable company limited by guarantee, incorporated on 12 November 2004
and registered as a charity on 11 January 2005. The company's Articles of Association was
updated in 2019 according to the Companies Act 2006 and the Charities Act 2011 with the
help of the solicitors of Lawson Lewis Blakers Ltd.
i fiktr:2004*11R 12 a. Itr:2005*1 fi 11
IA. E Lawson Lewis Blakers Ltd. 4*ffjaguEJJF. /£,4
1ST: 2019
KI <2011 ****'*
2006 */
The updated Articles of Association {2019) were approved by Church members by voting at
the 2019 AGM on 21st September 2019, filed with Companies House on 9 October 2019
and registered with the Charity Commission.
2019*9fi21 B, *
&tt2019*r
20191 , It,f 2019* 10 R 9
In the event of the company being wound up members are required to contribute an amount
not exceeding £1.
The Chinese Church in London Bye Laws {2012) have also b￿n updated according to the
Articles of Association of Chinese Church in London (2019), reflecting the structure and
praCtI￿S of the Church. The updated Bye Laws were circulated to Church members for
information and presented at the 2020 AGM on 26 September 2020.
¥TrIRg) (2012) f,elR
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(2019)QIF, LA
*, It,ts2020¢9R 26
2020

Governin
Bod
The directors of the company are also charity trUSt￿S for the purposes of charity law and
under the company's Articles are known as members of the Board. The Board is the governing
body of the Church. It has overall responsibility for strategy and decision-making, directing
the affairs ofthe Church, and for the efficient running of its operations. The Board meets every
2 months.
The Board consists of the following spiritually matured leaders:
Elected Pastor Board members -
Senior Pastor (Ex-officio) (*?k.*A)
Pastor(s) *Èffj
Elected officers -
Secretary (Ex-officio) l*tI**£A)
Treasurer (Ex-officio) 1ffi(Xlk.*R)
Additional elected members
Board meeting attendees
The Head of Operations provides an Operations report and the Finance officer
assists the Treasurer to provide the Financial update to inform the Board at
each Board meeting. Both heads may be invited to attend the Board meeting
where required. They do not have voting rights in the Board's decision-making
pro￿sS.
other attendee(s} invtted to attend Board meetings from time to time do not
have voting rights in the Board's decision-making process.
The Board is supported by the following committees..
Senior Pastorfs Office (SPO)
£ls*- A full time pastoral and ministry
management body consisting of the Senior Pastor (SP) and selected members to assist
the SP, together with the staff team. to execute the mission and decisions made by the

Board {Church Board). It also has the responsibility of looking after the pastoral staff in
the areas of deployment, church activities and ministry responsibilities.
Ministries and Congregation Committee (Mac)
consisting of
heads of all Church-wide ministries and representatives from all Congregation Councils.
The Mac had not been meeting due to practical, time-related difficulties getting
everyone involved attending a single, large meeting. Communication with the ministries
and congregations has been performed via the staff team. In addition, the Board had
organised a Gathering of Leaders in 2024 to provide opportunity for communication and
relationship building and the Board had sent representatives to attend the Ordinary
Congregation Meeting (OCM) being held at each local congregation. In the future, the
Board will be considering holding Mac meetings in a different format to facilitate more
effective and direct communications with congregation leaders, Church-wide ministry
heads and pastoral staff.
iÈIT. tr 2024
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R. E IJ7EIRiÈ
n.
Ll
Administration & Finance Committee (A&F)
A&F consists of
members who are experienced in at least one or more administration or finan
functions.
Trustee A
ointment Induction and Trainin
All new trustees of the Church shall be nominated by the existing Board and their appointments
shall be approved by a General Meeting. All new trustees will be
given information about the responsibilities of being a trustee when they first join the Board.
New trustees are provided with

a copy of the Church's Articles of Association
a copy of the Church's Bye Laws.
guidan￿ on the responsibilities of trUSt￿s.
The Church has ongoing training programme for the Trustees to enhance governance skills.
JJ[]A￿*
anisational Structure
As of the end of 2024, the Church has 17 Sunday Services across 8 locations.. Hammersmith,
Soho and Seven-Dials Club (in Soho). Bromley, Colindale. Croydon, Hounslow, Kingston and
Stratford. These ServI￿S are run by 8 Congregation Councils, each Congregation Council
consists of at least a pastor andlor pastoral worker, Elders, Deacons, Congregation officers
(Secretary, Treasurer, Carelinks Representative and Mission Representative) and heads of
various departments. A Working Committee may be formed in each congregation to lead
various departments and fellowships. Each congregation is given the responsibility to decide
the best strategy and methodology to outreach, and to provide pastoral care, teaching and
training to their members and worshippers.
2024 *fLE,
& 8
Seven-Dials (rtst Soho)
17 Hammersmith, Soho lu
Bromley. Colindale. Croydon. Hounslow. Kingston
4xr]I. &t. WL¥. (IV. lffi. *IL'
The Administration and Finance Committee meets every 3 months. It consists of members
who are competent in one or more ofthe following disciplines: finan￿, legal, human reSoUr￿s,
information technology (IT), audio visual (AV), building management and communications.
The committee is given the responsibility for supporting the Church ministries with the above
functions. It also sets UP F)olicies to monitor and approve expenses for the Church.

14. 'È4•. AYJ%Jfr,. (IT) .
(AV) .
The Carelinks Committee and the Mission Con￿rn Team (MCTI are headed by the Carelinks
Secretary and Mission Secretary respectively. Each team consists of representatives from
various congregations and is normally supported by a pastoral staff as an ex-officio. The
Carelinks, Committee helps the Church focus on social concems, initiates and recommends
social projects, and determines the level of financial support for supported organizations. The
MCT helps the Church raise awareness of worfd mission, send, and support missionaries in
different parts of the world.
As of the end of 2024, the Church employed 28 fv11 time, and 7 part time staff comprising of
25 pastoral and 10 administrative stsff. The staff team is led by the Senior Pastor and assisted
by other Pastors, Elders and the Head of Operations. In the absen￿ of a Senior Pastor, this
role is covered by the Acting Senior Pastor (in the case of 2022, a Church Elder}, appointed
by the Board. The Senior Pastor's Office (SPO) - A full time management body consisting of
the Senior Pastor (SP) and selected members to assist the SP, together with the staff team,
to execute decisions made by the Board (Church Board). It also has the responsibility of
looking after the pastoral staff in the areas of deployment and responsibilities. The Senior
Pastorfs Office team introduced a rotating system of chairs with half-year terms back in
November 2024. The pastoral staff support the wellbeing of the congregations by providing
pastoral care, visitation, preaching, teaching and training to the members and attendees. The
Head of Operations and the administration and finance teams are responsible for the day-tO-
day running of the Church Office. for building management and for supporting the ministries
of the Church.
2024 *f&E,
7288
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2024 * 11 A￿￿7￿￿*¥￿4%1Jfft, 1£

Risk Mana
ement
Being aware of their responsibilities for risk assessment. trustees periodically review the
prO￿dureS for evaluating the risks associated with the Church's operating activities, review
annually all insUran￿S (including offi￿, fire and general safety), as well as the terms and
conditions ofthe employment ofstaff. A comprehensive review of the Risk Management policy
and practice was conducted and approved by the Church Board in January 2022. The intention
is to develop a comprehensive risk assessment manual which will identify all the significant
risks which the charity fa￿S and the measures in place to mitigate these risks. As a charity,
we are committed to maintsin the level of services in our community but at the same time
monitor expenditure and human resources in orderto fulfil the Church's vision and objectives.
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2022*1R,
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PUBLIC BENEFITS •
The Church provides a spiritual home to Christians in London, from other parts of the U.K.,
and from abroad. The Church preaches the Gospel of Jesus Christ and teaches the Doctrines
of the Christian faith in three different languages. though not exclusively to the Chinese in and
around London. Local communities can benefit from the Church's activities, such as the
activities mentioned above, as well as education conferences and efforts for social concerns.
The Church also provides care, friendship and community lives to students, families and those
who are in need.
xK]It
]ItE*%.
The Board confirms that it has taken into account the Charity Commission's general guidance
on public benefit when reviewing the Church's objeclives and has considered how the planned
activities contribute to the achievement of these objectives.

10
OBJECTIVES AND ACTIVITIES
The Chinese Church in London was founded as an unincorporated charity in 1951 by the late
Pastor Stephen Y. T. Wang. Chinese Church in London, an incorporated charity presumed the
activities and net assets of this unincorporated charity on 1 January 2011. The mission of the
Church is to become an Intentional Disciple-making Church.. Therefore Sin￿ 2017 we set
our Church vision as: "We exist to make disciples of Jesus to transfomi London and theworld."
The objects of the Church are as follows"
1951
2011*1fi1
J . &JtL. ￿ 2017 *kfYIG#*IJ*
. J .
sr.It]F
to preach the Gospel of Jesus Christ and to teach the Doctrines of the Christian Faith as
set forth in the Holy Scriptures, primarily but not exclusively, to the Chinese in and around
London.,
{{RTFW-) niFFE*VJ'
to provide spiritual homes primarily but not exclusively for Chinese Christians in and
around London"
to cooperate (when appropriate) wth Christian churches and Christian
who share the same doctrines of faith;
organisations
to further the cause of Christ on the mission field worldwide-
to provide facilities for the use of the Chinese and English languages in worship and in
the work of the Church:
to promote the welfare primarily though not exdusively of Chinese in and around London,
recognizing that the Gospel of Jesus Christ ministers to the whole person.
In supporting the above objectives, the longer-temi objecb.ves of the Church are as follows..
to build up the believers in faith and send them out to serve the local communities and
others at home and abroad.,
iritthriL,,

to equip the believers so they would multiply by making disciples of Jesus wherever they
may go;
to adopt the focus of disciples making in all congregations.
In the short term, the objectives of the Church are as follows:
to increase regular Sunday worshippers to 2,000 including adults and children.,
JJt]%lJ 2.000 A:
to increase the number of believers being baptised in the Church to 150-
J]nsJ 150 A..
to plant churches in Kingston and Bromley.
& Kingston fu Bromley fiJIÈE*
In achieving these objectives, the Church encourages volunteers to serve, participate and lead
in the various ministries including fellowship, worship, Bible studies. teaching and to support
the activities organised, training, etc. They also provide leadership in committees such as the
Board, Congregation Councils, Working Committees, in the areas ofAdministration & Finance,
Carelinks, Mission Concem Team, The Next Generation Ministry as well as being volunteers
in the pastoral team. Serving in the Church is part of Christian life and is one of the ways to
demonstrate our love for God. The volUnt￿rS are essential and are integral to the
development of the Church's ministries.
tt]¥*,
fQkJll*.
The Church offers grants from the Theological Education Fund and the Mission Fund to ￿rtain
individuals or organisations to contribute to the Suc￿sS of our objectives. We have set
procedures and policies to ensure that grant re￿iVerS are committed to the work of Christ and
in line with the Church objectives. Moreover, mentoring andlor prayer support are also given
to these individuals or organisations.
JIIF. JÈ¥4-*
The Church employs full- and part-time pastoral and administrative staff to provide care, to
outreach, to serve in community projects. to conduct ServI￿S and manage the Church's

12
properties and finances. This year we have spent a total of £2,015,225 on staff, activities,
maintenance and events.
2,015,225 M.
ACHIEVEMENTS, PERFORMANCE AND HOW THE CHARITY HAS DELIVERED PUBLIC
BENEFITS
X.
In 2024, the Church held 6 Baptism servi￿$, 67 candidates were baptised. This does not
include a couple of baptisms carried out in hospital or at home due to exceptional
circumstances. Besides connecting with newcomers, the Church has also organised Street
Cafés and evangelistic acts-vities and events at various locations throughout the year and some
neighbours began to attend church activities and services as a result. In 2024, over 400 guests
have taken part in the Alpha sessions with about 200 non-believers, some 30 of them have
since come to faith. We continued to cooperate and support local and international evangelistic
organisations in furthering our goals and benefits. In addition, the Church supported 24
missionaries in 2024 and organised several Short-Temi Mission (STM) to various places
including Thailand, Croatia, Romania, Tanzania, Toulouse and a few local missions in London,
Edinburgh and another part of the country.
2024*,
7 6 TrASi ÈV, ¥ 67 orÉ*"k
(Alpha Course). 200 È4FfiÈ*, ts 30ttSJJotr7t. *ktry
-tE, Ljit-r￿1&1È1Py￿J￿p.. 2024 **1*7 24 fts¥A*, IL*￿5
(STM) 2IJS.

13
Mission Concern Team t
IJ
Mission Fund
In 2024 we received £169k ft)r Mission Fund (against budgeted £143K), of which £101k was
allocated to our 26 Missionaries and 7 Mission Organizations. GO-2024 we have 10 Short
Term Mission available for congregations to join locally in UK or in Europe, Asia, South
America, and Africa. We have the highest record of participants (60 adults and 18 children &
youth) who are coming out of their comfort zone and to serve alongside with our supported
missionaries.
In November, MCT organised a 2-weeks Mission Semion Series and ended wth the Mission
Weekend on 22 to 24 November. "Missional Discipleship - unleashing a diverse and innovative
generation of disciples. was the Mission Conferen￿'S theme. For the second week Rev Dr
David Doong was our Mandarin and English keynote speaker. We had 12 different missionary
speakers for the weeks sharing the pulpit messages (Cantonese - 6, Mandarin - 4, English
2).
Friday Night's theme was -The opportunity to be missional disciples in your Workpla￿..
keynote speaker short talk followed by Five missionaries on Home Assignment sharing.
Saturday Mission afternoon theme was "The opportunity to be missional disciples in the UK
and beyond..
We had 17 workshops led by 14 Mission Organisations {CCCOWE, OM, Mercy Ships,
Pioneers, Chosen People, COCM, IMB, OMF, LCM, Teach Beyond, SAT-7, WEC, YWAM and
Open Doors). There were also 13 Mission Organizations having booth stands at the PSW Hall
to provide interactive infomiation to all participants.
Global Monthly Mission Spots continued in 2024 with MCT news on Short Term Missions,
Education workshopslevents. missionaries, news. and prayer videos, which were all produced
with the help from volunteer video editors.
2024 *, **fY*È￿lj £169,000 {Iq•k £143.000) £101,000 IQ?*
*&IPY*kQg 26
GO-2024 RVE7 10
$ltb (*
60 18
£fi
. ￿k1P5￿}$¥j ￿**-￿JA&*.
11fi,
(MCT)
. [￿*r¥iÈ-BklS3tl1J￿1JV¥(È￿ItJ . *-]
12
ttA*tSJ'¥fk (L•S 6 ri,
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lak"*IF&*PYitWJ
fFA*PYrt

14
¥., ÈIIK: (CCCOWE)
(OM) (Mercy Ships) $6É¥ (Pioneers)
¥I (Chosen
People) Z¥*4ft16
(COCM)
(IMB) . *FZ.¥I
(OMF) .
(LCM) . Teach Beyond. SAT-7.
(VVEC)
(YWAM)
Jfy (Open Doors)
YJ%13ffl
&pswti&
2024 *, MCT
Dr Peter Chow Memorial Mission Education Fund
In 2024 we supported £5k for Simon & Janet Edgecombe in their studies in Melbourne School
of Theology (total of £10k for the part-time course) to continue the course in 2025.
E 2024 *, **fY
* £5,000 *}* Simon R Janet Edgecombe
School of Theology)
a £10,000) JQl¥f 2025 *,,
(Melbourne
Carelinks ministry and Carelinks Fund
The Carelinks Ministry financially supp)rted TearFund, CEDAR Fund, Christian Centre for
Gambling Rehabilitation {CCGR). Chinese Association for Cancer Care (CACACA} and Tamar
as part of its social con￿rn activities. In 2024, the church donated £ 84,755 to the above
organisations (2023.. £43,611) upon collection into the Carelinks Fund. Our target in 2025 is
£ 50,000. The more the Carelinks fund is blessed. the more we are able to bless those in great
need.
¥IAWJ'RZÉ(TearFund). btsÈ¥*
L, ICCGR). *.
ICACACA) Tamar tEk*•it
-ÉllJWJ-F. 2024 *. ￿L,
T 84.755 *$* (2023 *: 43.611 *10) **IPS& 2025 *wsr.-
50,000
Carelinks also support New Leaf Counselling Service and the Operation Christmas Child from
Samaritan's Purse. This year's highlight is the Carelinks Sunday took place in May that we
have had representatives of our partner organisation to preach. The Carelinks team appreciate
the support and donation from the church family. May we continue to act justly and to love
mercy. He has shown you, O mortal, what is good. And what does the LORD require of you?
To act justly and to love mercy and to vRlk humbly with your God (Micah 6.'8).

15
IL,
•Jg8M8(Samaritan's PurSe)￿J&￿￿5a￿#￿{
t6.8 (
* 6.8)
The Next Generation Ministry Tr-ft¥I
The Next Generation (TNG) is the core ministry for primary school aged children (Kids Church) and
secondary school aged youths (Youth Ministry) comprising of ministry groups attached to each
congregation across the Chinese Church in London.
Our full-time pastoral staff team indudes: Pastor Ollie Knight, who continues to oversee The Next
Generation Ministry as part of the wder English Ministry of CCIL,. Pastoral Worker Gladys Ng, our
Children's Minister,. Pastoral Worker Charis Hung, our Youth Minister who is currently on sabbatical
until summer 2025,. Pastoral Worker John Ho, our Students Minister., Pastoral Intem Phoebe Leung
attached to the Youth Ministry in Colindale Congregation,. and Haynam Sham our TNG Ministry
Coordinator, appointed following the end of her internship in September 2024.
With the introduction of new church plants by CCIL, the TNG team is in the prO￿s$ of providing
support to the congregation leaders wth a view to estsblish new ministry groups in the near fijture.
Throughout the year, our Children's Ministry pastoral worker, Gladys Ng, continued to visit each Kids
Church group and spent time delivering training to the ministry volunteers as well as beginning team-
building activities for each Kids Church team.
In the Spring Term, we held our annual Youth Easter Camp {YECI on 28 March - 1 April 2024,
attended by 110 young people and leaders. on the theme of 'Wake Up,. In response to the work of
the Holy Spirit atYEC, we held our first Youth Praise & Prayer Night in May half term. We are blessed
and thankful that Charis ran the London Marathon as CCIL'S candidate and raised over £20k for
TNG, with the support of the whole church. The funds will be used to support our ministry and training
up our volunteers.
In the Summer, the TNG team conb.nued to partner with the Chinese Overseas Christian Mission
(COCM) for Next Gen Leaders training, and the annual youth summer camp, Praise Him All Together
(PHAT) in July 2024. Pastor Ollie and Charis had the opportunity to join the Generations Pastors
Conference hosted by Heart of God Church in Singapore. This was a valuable and inspirational time
of training which has contributed to our upcoming plans for deeper discipleship to our young people.
We held a church-wide Youth & English Ministry Baptism Celebration on 22nd September 2024, in
which 14 people were baptised from our English-speaking youth groups and congregations. Also in
the Autumn Term of 2024, we began a new initiative of a new Friday night youth group with the
purpose of enabling older youths from across our youth groups to come together more frequently

16
than our church-wide youth ministry events, to go d￿per in discipleship and be equipped to serve
the younger youths in their local congregation youth groups.
We have recently completed a recruitment prO￿sS for a new TNG Pastoral Worf<er to join Croydon
Congregation in April 2025.
(CCIL) VAILffj12-,
(Youth Ministry)
[sa￿È8￿j (Kids
Church)
*kffYatJ*
IÉ: Ollie Knight WÈffj,
FF.¥IIE*FthII TNG,. *
(Gladys Ng) IPIEkn4I#Xt,' (Charis Hung) PIE*￿/?1*•I￿￿, aBiJlb
2025 nlE*4
(John Ho) A￿***I. y￿E>s>S￿lt￿-
Phoebe Leung) tr Colindale *¥I; Ll&¥
(Haynam Sham) f 2024
9 TNG ¥L*-.
TNG
-1*￿￿￿ Kids Church. k#Ik#,tJii*, JtR
E4*aq, *kfyf 2024 * 3 R 28 4 fi 1
Youth Easter Camp, YEC)
[Wake Upj 110 tt3*7I*i&*JJti.
*kfYfEfiAW4*R￿rPl, è;
4*2*J . *&fjFyJf,"NLIFE.
,￿18￿￿(t* CCIL
-*.£ri¥&', k TNG £20,000,
*¥PIfvO& (COCM) -It, iÈ17 lFqt*￿JiI.
bè 2024 f 7 Praise Him All Together (PHAT) . Ollie 41Èffjts1
Charis
iAJmé&knJJoJ& [#2L*aJ (Heart of God Church)
2024*9R 22 E, Ikfy
Tf]5Enu
Effi, 2025 * 4 R<-tt*,) TNG 10iOlf)JQA Croydon

PLANS FOR FUTURE PERIODS **
The Board has identified and endorsed the foll0v￿ng Priorities:
Governance.. The Board continues to seek improvement to strengthen the current
governance as headed by the Board so that the whole Church wth its various centres and
growing congregations may serve the church community with greater alignment to our vision
and priorities and with a stronger sense of corporate identity.
.3*ets, LJJJt]g&sBiJ&E¥
g*iL,
The Board has produced an ordination policy which has been used for the ordination of
Pastor Oliver Knight in 2021 and for Pastor Pui Yin Ho in 2023. The Church will continue to
plan for the ordination for other suitable members of pastoral staff.
2021¥￿ ,...
J*kffjlll 2023 ¥1￿{1;￿￿￿
Effj.
The Board has put in pla￿ staff supervision and line-management structure to improve staff
welfare and accountability, and will continue to monitor our staff s well-being.
LJek*AIL TiJK]rgYRtiJ, It,
Invest in Future.. The Church currently meets in ￿ntreS over eight geographic locations (not
including Seven Dials Sin￿ it is under the administration of Soho). Each centre aims to
provide services in three languages= Mandarin, English and Cantonese (although in some
locations not all three languages are offered). Since COVID, online live-stream Sunday
Services have been running in parallel with physical Sunday Service in most of our centres.
**: II&firnBiJ Seven Dials,
E) .
1ttFfi<=II￿-} . ￿ COVID LI*.
The next generation is increasingly multi-cultural and their friends reflect the diversity of
London. This has presented challenges in that each ￿ntre-baSed leadership now has to
serve the local church community in a diverse manner. The next generation is also very
adaptable to new technology and online gatherings.

-*Ag$KI*. Jg•*T¥È ',
The church plant in Stratford is getting established and stabilised with its own staff and
serving team. There is a steady but slowed down number of immigrants coming to the United
Kingdom. We will continue to develop church plants to reach out to those already here or due
to come. With an increase in families with youths and children, the church is actively recruiting
to build the English speaking pastoral team to serve the future generation. The Board
continues to review the deployment and recruitment of pastoral staff, including voluntary
workers, as well as proposals for church plants, second services, and the rental of additional
space for Sunday services and other activities. The Church will continue to identify, train and
mentor capable staff members and volunteers to attend to the challenges and take on
leadership role in each centre.
ltr: Stratford
A£¥.
F4t.
LJA&I*
. kJiiTr*kk"
The Church held a staff retreat in July 2023 to discuss and plan for church growth. The
theme of the retreat was "Transfonnational Churth.. Learning Jesus. way from the inside our.
The purpose of the retreat was to enable the staff team to share and reach a common
understanding and agreement on the transformation. As a result, the preaching series for
2024 was created and used to take the church foward in this transformation journey.
The church has continued to building up an e-library of teaching materials to support our
preaching preparation.
r202347
J*
-itA*IJ9F+
It,55t#•
A￿.￿2-, 2￿j￿7 2024
'05.SlJ,
Also, the church has connections wllth a few seminaries and evangelistic organisations in
Hong Kong to explore ways to support the new immigrants with training programs and
organised some musical evangelistic events to reach out to them.

19
ITS.
Ministries: As a church we believe that the spiritual wellbeing is of Importan￿ to all the
charity work. In the coming year, we will continue to promote regular corporate and individual
prayer groups at each centre. We will also aim to improve and consolidate biblical teachings
so that our members would re￿1ve the spiritual nourishment they need, and make effective
use of the available church resources. This is in-line with our growth plan as an Intentional
Disciple-making Church. The focus is to help every believer become a disciple of Jesus
Christ.
¥I: *kfYtar
. **, *&fYI¥,
-iJi*a. -
$6Jts%lJffi.
As a Charity we are also aware of the needs in our communities. In the coming year, we will
seek to work with various community projects to provide support to people affected by the
economic downturn, illness and losses. such as counselling servI￿s, social economic
projects such as foodbanks, elderly fellowships, English classes, and will collaborate with
para-church organisations to deliver the servI￿s.
"7siR.
Elg. It
FINANCIAL REVIEW R*
The church reported a surplus of £46,356 for the year 2024, which is a significant
improvement compared to the deficit of £23,369 reported in the previous year.
2024 At**-ag
46,356 ￿, iot-Pl**¥J 23,369 MW,f.-F*£k
The most significant expenditure for the church was payroll, with £1,145,746 allocated for
staff salaries and pensions. The board V￿11 continue to review the ministy needs of growng
congregations and how to mobilise the serving spirit of the congregations.
1.145.746

20
Donations and rental income play a vital role in supporting the church's objectives. In 2024
the accumulated Unrestricted Fund reserve currently stands at£766,405. Within this balan￿,
a net unrestricted surplus of £39,668 was achieved during the 2024 financial year.
a9rF￿. 2024 *,
*, 2024 PIV.
39,668 **.
k14%É$ Bijk 766,405 M. &-
As of the end of 2024, the Restricted Funds reserve amounts to £5,256,025, with a net profit
of £6,688 attributed to all restricted funds in the 2024 financial year.
"% 2024 *fkE,
6,688 #11.
ÈM 5,256,025 *10. 2024
The Articles of Association emp0v￿r the Board to invest cash which is not immediately
required. We have decided to invest into a savings account and aim to generate interest
income.
-WJ4*. LJ
STATEMENT OF TRUSTEES, RESPONSIBILITIES
The Trustees (who are also the Directors of the Chinese Church in London) are responsible
for preparing the Annual Report and financial statements in accordance with applicable law
and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting
Practice), including Financial Reporting Standard 102 "The Financial Reporting Standard
applicable in the UK and Republic of Ireland.. Company law and the law applicable to
charities in England and Wales require the Trustees to prepare financial statements for each
financial year which give a true and fair view of the state of affairs of the Charitable Company
and of its incoming resources and application of resources. including its income and
expenditure, for that peric(l.
"È*
102K li*￿tr9e.
-*fR￿J) , ÈJ
x*E-¥. ￿J1
In preparing these financial statements. the Trustees are required to'.-
Select suitable accounting policies and apply them consistently-
Observe the methods and principles of the Charities SORP"

21
Make judgements and esb'mates that are reasonable and prudent"
State whether applicable accounting standards have b￿n followed, subject to any material
departures disclosed and explained in the financial statements., and
Prepare the financial statements on a going concem basis unless it is inappropriate to
presume that the Charitable Company will continue to operate.
The Trustees are responsible for keeping proper accounting records, which disclose with
reasonable accuracy the financial position of the Charity at any time, and to ensure that the
financial statements comply with the Companies Act 2006. the Charity (Accounts and
Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible
for safeguarding the assets of the Charity and hence for tsking reasonable steps for the
prevention and detection of fraud and other irregularities. Under Company Law the Trustees
must not approve the financial statements unless they are satisfied that they give a true and
fair view of the state of affairs of the charitable company and of the result of the company for
that period.
2006
2008
(%gK]4-) 1*1SJi
The Trustees confim that, in the case of each of the persons who are Trustees at the date
of this report, the following applies..
So far as each Trustee (Director) is aware there is no relevant audit infomiation (information
needed by the Company's auditors in connection with preparing their report) of which the
Company's auditors are unaware" and
*J
-￿*￿thr.&) , LA
Each Trustee (Director) has taken all the steps necessary to make herselflhimself aware of
and disclose any relevant audit information, and to establish that the Company's auditors are
aware of that information.

22
AUDITORS Yt
The Trustees have consented to treating the appointment of Knox Cropper as extending to
Knox Cropper LLP.
Knox Cropper
A resolution to re-appoint Knox Cropper as auditors of the Chinese Church in London will be
put to members at the forthcoming Annual General Meeting.
p Knox Cropper klFFB?
This report has been prepared in accordan￿ with the special provisions of part 15 of the
Companies Act 2006 relating to small companies.
2006
'1*> * 15yI*ts,
Approved by the trustees and signed on their behalf by:
￿kA￿￿lÈ￿u￿A￿ft￿xK￿￿.
Chaimian
Elder Peng Chiew Wong
Date: 11 August 2025
.2025*8R 11

23
INDEPENDENT AUDITORS, REPORT TO THE MEMBERS
OF CHINESE CHURCH IN LONDON
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2024
12
31
Opinion
We have audited the financial statements of Chinese Church in London (the 'charitable
company,) for the year ended 31 December 2024 which comprise the Statement of Financial
Activities (including the Income and Expenditure Account), the Balance Sheet, the Statement of
Cash Flows and the notes to the financial statements, including a summary of significant
accounting policies. The financial reporting framework that has been applied in their preparation
is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted
Accounting Practice), including Financial Reporting Standard 102 'The Financial Reporting
Standard applicable in the UK and Republic of Ireland..
*ff5
*• ( [¥*/XlJ ) IEZ 2024 * 12 R 31
Aji J
In our opinion the financial statements:
Give a true and fair view of the state of the charitable company's affairs as at 31 December
2024 and of its incoming reSoUr￿S and application of resources for the period then ended.,
AA£'¥SttttbfiBATL 2024 * 12 fi 31
Have been properly prepared in accordance with United Kingdom Generally Accepted
Accounting Practice. including Financial Reporting Standard 102 'The Financial
Reporting Standard applicable in the UK and the Republic of Ireland,; and
*-¥, p.ij
4A¥I%K-¢.4JI J LAA
Have been prepared in accordance with the requirements of the Companies Act 2006.
&Pq 2006
J.
Basis for opinion
We conducted our audit in accordance with Intemational Standards on Auditing (UK) (ISAS (UK))
and applicable law. Our responsibilities under those standards are further described in the
Audito¢s responsibilities for the audit of the financial statements section of our report. We are

24
independent of the charitable company in accordan￿ with the ethical requirements that are
relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard,
and we have fulfilled our other ethical responsibilities in accordan￿ with these requirements. We
believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis
for our opinion.
%kipyo4
IJFfiffiPQIAff&*fYSR-
AtA**
) (ISAS (UK)) K]Lffi"È#iÈ4Taty. l*lPY*
IklY¥*
Conclusions relating to going concern
In auditing the financial statements, we have concluded thatthe trustees, use of the going cOn￿M
basis of accounting in the preparation of the financial statements is appropriate.
gHH3E,
Based on the work we have perfomied, we have not identified any material uncertainties relating
to events or conditions that, individually or collectively, may cast significant doubt on the charitable
company's ability to continue as a going concem for a period of at least twelve months from when
the financial statements are authorised for issue.
-41tE,
Our responsibilities and the responsibilities of the trustees with respect to going concern are
described in the relevant sections of this report.
RpfJÉT*klFSIu￿%Atsl¥4
Other information
The other information comprises the infomiation included in the Report of Ihe Trust*s', other than
the financial statements and our auditorfs report thereon. The trustees are responsible for the other
information.
*ltl*kfg
Our opinion on the financial statements d￿S not cover the other information and, except to the
extent othe￿iSe explicitly stated in our report. we do not express any fomi of assurance conclusion
thereon.
In connection wth our audit of the financial statements, our responsibility is to read the other
infomation and, in doing so, consider whether the other information is materially inconsistent with

25
the financial statements or our knowledge obtained in the audit or otherwise appears to be
materially misstated. If we identify such material inconsistencies or apparent material
misstatements, we are required to determine whether there is a material misstatement in the
financial statements or a material misstatement of the other information. If, based on the work we
have performed, we conclude that there is a material misstatement of this other information, we
are required to report that fact. We have nothing to report in this regard.
fy&
Opinion on other matters prescribed by the Companies Act 2006
2006
In our opinion, based on the work undertaken in the course of the audit..
the information given in the Report of the Trustees, which includes the directors, report
prepared for the purposes of company law, for the financial year for which the financial
statements are prepared is consistent with the financial statements- and
RIJ￿**)
114**-*; LJ
the directors, report, included within the Report of the Trustees, has been prepared in
accordance wth applicable legal requirements.
Matters on which we are Required to Report by Exception >
In the light of the knowledge and understanding of the charitable company and its environment
obtained in the course of the audit. vrfe have not identified material misstatements in the Report of
the Trustees,.
We have nothing to report in respect of the following matters in relation to which the Companies
Act 2006 requires us to report to you if, in our opinion..
¥ttr <2006 *IKI"£
-WJFSIJ¥Ifi,
Adequate accounting records have not been kept, or returns adequate for our audit have
not been re￿iVed from branches not visited by us" or
The financial statements are not in agreement with the accounting records and retums,. or
Certain disclosures of Trustees, remuneration specified by law are not made., or
We have not received all the information and explanations we require for our audit., or

26
The trustees were not entitled to prepare the financial statements in accordance with the
small companies regime and take advantage of the small companies exemption from the
requirement to prepare a Strategic Report or in preparing the Trustees, Report.
UkgJRLJl#*kfS
}kfYi￿%wlj
JWX**, tu
*J
Responsibilities of Trustees
As explained more fully in the Statement of Trustees, Responsibilities, the trustees (who are also
the directors of the charitable company for the purposes of company law) are responsible for the
preparation of the financial statements and for being satisfied that they give a true and fair view,
and for such intemal control as the trustees determine is necessary to enable the preparation of
financial statements that are free from material misstatement, whether due to fraud or error.
AR*%IJRlX**, Jt
In preparing the financial statements, the trustees are responsible for assessing the company's
ability to continue as a going cOn￿rn, disclosing, as applicable, matters related to going concern
and using the going concem basis of accounting unless the governors either intend to liquidate
the company or to cease operats'ons, or have no realistic alternative but to do so.
ISJI
Auditor's responsibilities for the audit of the financial statements
.#AYAE
Our objectives are to obtain reasonable assurance about whether the financial statements as a
whole are free from material misstatement, whether due to fraud or error, and to issue an auditorfs
report that includes our opinion. Reasonable assurance is a high level of assurance but is not a
guarantee that an audit conducted in accordance with ISAS (UK) wll always detect a material
misstatement when it exists. Misstatements can arise from fraud or error and are considered
material if, individually or in the aggregate. they could reasonably be expected to influence the
economic decisions of users taken on the basis of these financial statements.

27
t¢p.iJ
Irregularities, including fraud, are InStan￿S of non-compliance with laws and regulations. We
design procedures in line with our responsibilities, outlined above, to detect material
misstatements in respect of irregularities, including fraud. The extent to which our procedures are
capable of detecting irregularities, including fraud is detailed below=
l£lPYt£
The Charitable Company is required to comply with both company law and charity law and,
based on our knowledge of its activities, we identified that the legal requirement to
accurately account for restricted funds was of key significan￿.
We gained an understanding of how the charitsble company complied with its legal and
regulatory framework, including the requirement to propedy account for restricted funds,
through discussions with management and a review of the documented policies,
prO￿dureS and controls.
The audit team, which is experienced in the audit of charities, considered the charitable
company's susceptibility to material misstatement and how fraud may occur. Our
considerations included the risk of management override.
Our approach was to check that all restricted income was properly identified and separately
accounted for and to ensure that only valid and appropriate expenditure was charged to
restricted funds. This included reviewing joumal adjustments and unusual transactions.
È41¥*"È, 4
, l*fY&P4¥
A further description of our responsibilities for the audit of the financial statements is located on
the Financial Reporting Council's website at.. htt s"Ilwww.frc.or
-uklauditorsres
onsibilities. This
description forms part of our auditorfs report.

28
..JfpYHI%*-*
htt s'.Ilwww.frc.or
.uklauditorsres
nsibiltties.
k%kfS
Use of our report4PAgfft
This report is made solely to the company's members. as a body, in accordance with Chapter 3
of Part 16 of the Companies Act 2006. Our audit work has b&n undertaken so that we might state
to the charitable company's members those matterswe are required to state to them in an Auditors,
Report and for no other purpose. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the charitable company and the charitable company's
members as a body, for our audit work, for this report, or for the opinions we have formed.
2006 *2,¥ P ,
16 X-
*kfYPI
PJ,
Richard Billinghurst FCA
Senior Statutory Auditor ej￿-t
for and on behalf of Knox Cropper LLP Knox Cropper LLP
Chartered Accountants and registered Auditors 4*
65 Leadenhall Street
London
EC3A 2AD
Date..
2110812025

29
CHINESE CHURCH IN LONDON
STATEMENT OF FINANCIAL ACTIVITIES
INCLUDING THE INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
YJ*¥X
aL*=Pg**=A=-k-B
un￿stricte
NOTE
Restricted
Total Funds
Total Funds
INCOME FROM
Funds
Funds
2024
2023
Donations and Legacies
1.587.703
360,031
1,947,734
1,692,269
Other Trading Activities
95,730
18.117
95,730
18,117
82,420
6.101
Investments
li¥J
TOTAL INCOME **
1701.550
360 031
2 061581
1 780 790
EXPENDITURE ON
Raising Funds
Charitable Activities
1.661,882
353.343
2,015,225
1,804,158
TOTAL EXPENDITURE **
1.661.882
353.343
2,015.225
1.804.158
NET INCOMEI(EXPENDITUREI AND
NET MOVEMENT IN FUNDS FOR THE
YEAR
39.668
6,688
46,356
123.368)
RECONCILIATION OF FUNDS=
Balance blf at 1st January
726.737
5.249.336
5.976.073
5.999A42
Balance CM at 31st December
2024#ts
766,405
5,256,024
6,022,429
£5,976,073
All activities reported above are continuing activities. For last yearfs figure please see Note 19.
-FnB#RFfrfts 19.

30
CHINESE CHURCH IN LONDON
BALANCE SHEET AS AT 31 DECEMBER 2024
2024
2023
FIXED ASs￿s
Tangible Fixed Assets
Land and buildings
Building improvements
Fixtures & Fittings
offi￿ Furniture and Equipment
2.911.396
1.639.768
2.967.108
1.712.261
6.514
11.506
6.134
5.907
13
4.568.804
4.691.790
CURRENT ASSETS
Debtors ffl%A
Cash at Bank and in Hand
14
80.817
1.552.201
119.953
1.309.306
15
1,633,018
1,429,259
CREDITORS: Amounts
falling due within one yearwAr￿A
16
179,393
144,975
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
1 A53.625
1.284.284
6.022.429
5.976.074
TOTAL NET ASSETS
6.022,429
£5.976.074
FUNDS
Unfftslricted
766.405
5.256.024
762.737
5,249,337
Restricted
17
TOTAL FUNDS
6.022.429
£ 5,976.074
The Financial Statements have been p￿pared in accordance with the special provisions of Part 15 of the Companies
Act 2006 relating to small charitable companies.
(2006 */k-

31
The Financial Statements were approved by the Trustees on 11 August 2025.
Ix$&*tr= 2025 * 8 fi 11
Chairnian (Elder Peng Chiew Wong)
a, ..-16,,IL
Chur¢h Treasurer (Kieran Kwokl
Date: 11 August 2025
2025¢8￿11
Company No. 05285135

32
CHINESE CHURCH IN LONDON
STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2024
2024
2023
NET CASH PROVIDED BYI{USED IN) OPERATING
ACTIVITIES
238.018
96,006
CASH FLOWS FROM INVESTING ACTIVITIES
Invesbnent Income12al
Purchase of Property, Plant & Equipment
18.117
6.101
¥JX,
NET CASH PROVIDED BYI{USED IN) INVESTING
ACTIVITIES
*k#Y (￿be)
13.240
13.575
4,8
(7,4741
CASH FLOWS FROM FINANCING ACTIVITIES
Repayments of Borrowing V.-
NET CASH PROVIDED BYI{USED IN) FINANCING
ACTIVITIES
*k#v (￿tr)
CHANGE IN CASH AND CASH EQUIVALENTS
IN THE YEAR
242.895
88.532
CASH AND CASH EQUIVALENTS AT
BEGINNING OF YEAR
1.309.306
1,220,774
CASH AND CASH EQUIVALENTS AT
END OF YEAR
1,552,201
£1,309,306

33
CHINESE CHURCH IN LONDON
STATEMENT OF CASH FLOWS
CONTINUED
AS AT 31 DECEMBER 2024
YAtyJ#
ANALYSIS OF CHANGES IN NET DEBT.
Cash
As at ￿ fiows IA*
0110112024
Loans converted to
donations
Asat
3111212024
Cash at bank
1.309,306
242,895
1,552,201
Building Fund Interest-free loans
182,000)
146,000)
{36,0001
TOTAL
£1.227,306
£196.8
£1,516,201
RECONCILIATION OF NET INCOMEI
EXPENDITURE
TO NET CASH FLOW FROM OPERATIONS
2024
2023
Net incomellexpenditure) for the year (*￿}
46,356
123,368)
Adjustments for:
Investment income
118,117)
136,226
16,101)
139,776
116,370}
2,069
96,008
Depreciation lff
{IncreasellDecrease in Debtors [￿)Ja) I
Increase in Creditors
39,136
34,417
238.018
Invesbnent Income
18,117
6,101
Purchase of Property, Plant & Equipment
113.2401
113,5751
CHANGE IN CASH AND CASH EQUIVALENTS IN THE YEAR
242,895
88,532

34
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
{a) Basis of Accounting •¥
These accounts have been prepared under the historical cost convention, in accordan￿ with the Financial
Reporting Standard 102, the Companies Act 2006 and the requirements of the Statement of Recommended
Practi￿, Accounting and Reporb'ng by Charities (FRS 1021. The company is a public benefil enlity.
102. 2006 *'thl;"ÈLIRf&
BE IFRS
1021 AIQ*
The trustees consider that the￿ are no material Un￿rtaIntieS about the Charity's ability to continue as a going
COn￿rn.
The presentational currency of the financial statements is Pound Sterling 1£).
1£) .
{b) Fixed Assets
Fixed assels are disdosed al cost net of depwation to date. The cost of minor additions or those costing
below £ 500are not capitalised and are written off in the year of purchase. Assets transferred from the
prede￿SsOr chanty have been recorded at cost equivalent to their net book value in the prede￿SsOr charity at
the date of transfer.
Jtrm. ¥ÈEiJffX_
{c) Depreciation
Depreciation of fixed assets is calculated on cost at rates estimated to write off the assets, by equal instalments,
over their expected working lives. Fixtures and fitbngs and Offi￿ equipment are written off on a straight line
basis over 5 years and 3 years respectively. Buildings and building improvements have been depreciated over
the life of the property which has been estimated at 50 years. As a result of a review of the depreciation policy,
the installed lift is being written off over its remaining useful life. The c05t of improvements at the United Refomi
Church are depreciated over 20 years. Depreuation charges on assets transferred from the predecEssor
charity continue to be applied on the basis of cost to the predecessor charity and the predecessor charity's
estimate of economic life.
P4¥¥.Sj"￿.XI%ttjl￿4￿￿+ .
1* 5*1[13 (ts4a 50 *) F¥41dfrS. IR
20 ¢t4lFS. 6ÈB Ji IE#._

35
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
{dl Income
All income is recognised in the Statement of Finanaal Acbvibes On￿ the charitable company has entilement to
the funds, any perfomiance conditions attached to the items of income have been met, it is probable that the
income will be received and the amount can be measured reliably.
Donations, covenants and legacies are credited to the accounts in the year in which they are receivable, grossed
up for tax recoverable where appropriate.
Interest is credited to the accounts in the year in which it is re￿1Vable.
,aÈtr
{e) Value Added Tax
The Charity is not registered for VAT and accordingly, where applicable. all costs and expenditure incurred are
shown inclusive of VAT.
Unrestricted ftjnds are those funds, which can be used at the Trustees, discretion. Restricted Funds are funds
whose purposes have been restricted by the donor.
{g) Expenditure
Charitable expenditure comprises direct expenditure attributable to the charitable objectives or activities and
support costs. Where costs cannot be attributed, they have been apporb.oned to charitable objectives or
activities according to the ts.me or resources spent on each. Support costs are those functions thal assist the
work of the charitable company but do not directly undertake fvndraising or charitable activities. Support costs
indude general overheads and governan￿ costs {th05e costs incurred in the g0Vewan￿ of the charitable
company and its assets and are primarily assoaated wth consts"tutional and statutory requirements).

36
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
{hl Grants IIBlJ*
Grants payable are charg&J in the year when the offer is conveyed to the recipient.
Pensions a¥*
The Charity contributes to defined contTibution pension schemes and the pension charge represents the
amount payable by the charity to the schemes in respect of the year.
It*¥*ttKtt*r]X-tgJitJ&
ti) Key Judgements and Estimates
Financial instrument dassifi(3tion RIAIAO¥.
The classification of financial instruments, both assels and liabilities, as 'basic' or 'otherf requires
judgement as to whether all applicable conditions as basic are met. This indudes the type of investment
or loan and its retum. The Charty only has financial assets and liabilities of a kind that qualify as basic
financial instruments. These are initially recognised at transath.on value and subsequently valued at
their settlement value.
Useful life of functional properties
The remaining useful life of depreciable properties is reviewed by management at each reporting date
and. if necessary, the depreciation charge adjusted accordingly.
4i¥ti, 4,
{k) Short-term debtors and creditors
Debtors are recognised when the Charity is legally entitled to the income after any perfom)ance conditions have
been met, the amount can be measured reliably and it is probable that the income will be re￿ived. Creditors
are recognised when the charity has a present legal or constructive obligats.on resulb.ng from a past event lo
make payment to a third party, rt is probable thal setuement will be required and the amounl due lo settle the
obligalion can be measured or estsmated reliably.

37
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
(l) Cash and Cash Equivalents
Cash and Cash Equivalents in the Statement of Financial Position comprise cash at bank and in hand and short
lem) deposits with an original maturity of th￿e months or less. For the purpose of the Ststement of Cash Flows
cash and cash equivalents are as defined above net of outstanding bank overdrafts if they exist.
DONATIONS AND LEGACIES
Unrestrbcted
Fund
Restricted
Fund
2024
Total
2023
Total
4*
Cantonese
343,489
121,859
85.894
428188
112.663
19,775
20,837
122,628
8,490
21,357
24,637
15,677
495
456,152
141,634
106,731
550,816
45,135
151,494
211,594
137,541
30,652
378,209
138,182
121,621
470,146
44,420
166,040
176,036
115,010
Mandarin
Truth and Grace
New Soho
Hounslow
36.647
130,137
186,957
121.864
30.157
Croydon
Colindale
Stratford
Bromley
Kingston
10.188
92.322
1,795
11,677
11,983
103,999
82,604
1,587,703
360.031
1,947,734
1,692,269

38
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
OTHER TRADING ACTIVITIES
2024
2023
Book sales
481
400
Rental
74,200
18,402
2,647
76,887
1,679
3,454
Sundry Income
Lunch ministry income X¥IINA
£95,730
£ 82,420
4. CHARITABLE EXPENDITURE
DI￿¢t Costs
ort Costs
J#
2024 Total
2023 Total
Note 6
Note 7
Pastoral ¥J
oUt￿a¢h Its
Welfare kn*J
Building
710,874
383,1(
312,443
260,083
123.541
60,213
56,703
108,262
834,415
443,319
369,146
368,345
729,904
427,253
294,968
352,034
1,666,506
348.719
2,015,225
£ 1,804,159
5(al. EMPLOYEE COSTS FJI
2024
2023
Salaries and wages
Social Security It•&w*
Pension
997,473
98,516
49,757
927,352
89,455
45,011
Total Head Office Salaries
1,145,746
£ 1,061,818
The average number of employees during the year wa5 33 {2023.' 30).
h33A 12023*'. 30A)
The Key management personnel of the Church are those persons having authority and responsibility for planning,
directing and controlling the activities of the Church, direcdy or indirectly, including any trustee of the Church. In
addition to the trustees, they comprise of the senior staff members detsiled in the Administrative Details. No employee
earned more than £60,000 during the year.
i& 60,000

39
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
5(b). TRUSTEE'S REMUNERATION AND EXPENSES nEAJN*RK
During the year, one {2023'. tsvol of the trustees re￿iVed remuneration and expenses. However, these
payments relate to their capacity as pastors or spiritual leaders, rather than as trustees of the Church. It is an
accepted pracb'ce in religious organisabons for the ministers to take an active role in the Church Council to
guide the Church in its affairs.
Remuneration paid in the year..
2024
2023
Trustee 1
Trustee 2
6,667
47,088
£53,755
48,069
48,069
6. DIRECT COSTS
staM Costs
stoff and aTrc&ary costs
Congreoolionol Costs
Licences ond subsCript￿n5
TNG l.A1n￿1ryT-lt￿I
Speokw5 Fe85 m
Outreach
Homo fvIs%Dnories *￿E#*
other KAI
CardMk5 SJL.41
oepleciat￿fj
fvIis5ion C05t5
Aission Gronls l#A*J
Or PeteT Chovi IA195￿￿ Edvc0lw￿
Love Gtit IllllJ4Jl
Stud￿1 Gront5
Cornbingd ChLFrch 1È*;gll
PrtrrTUS$S
SJl.379
23.71-,
168.18)
2.341!
108.126
i i.
84.093
168.126
3.933
28.031
840.631
39.5
744.169
.569
219.199
3.235
1.487
3.915
10.499
3.IXJ
976
1.218
T3.864
074
Y25
87.915
1247
87.915
128.3)4
7.777
I￿1137
4.723
46.190
T￿.204
11.6
114,485
128.2)4 '
7.777
102.737
472
T2.Tr8
9.687
9.687
.)10
131.879
114.&31
1,666.9)6 1.4Y.664
131.879
2e4).C63
710.874
312.443

40
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
e=Eg **=R=**B.¥x
SUPPORT COSTS I*WJ%
stoff C051sFiI*s
PoslogelStationerylBank chcyoes T•&xA1￿
Avdll Fee5 IIYI?
LegallProfessional chid AccothTrl¢hicy
Depreciolion
Office Costs
02.490
10.5
il.24
iT.245
1.755
317.649
16.W5
6.960
1.224
17.548
73
3,37B
2407
731
I￿.213
734
56.703
123.541
TOB.262
348 719
369 495
TAXATION1$1
Chinese Church in London is a registered charity and is potentially exempt from taxation in respect of income
and capital gains re￿iVed within the categories covered by Part 11 of the Cotporation Tax Acl 2011 to the
extent that such income or gains is applied exclusively to charitable purposes.
CARELINKS DONATIONS
2024
2023
Tamar IAII Souls Churchl •￿I
Christian Centre for Gambling Rehabilitation
Tear Fund
10,706
5,509
10,559
11,018
7,345
9,180
480
20,520
21,412
Cedar Fund
14,274
17,843
650
Chinese Association for Cancer Care
Carelinks expenses
New Leaf Counselling Centre
2,510
2,099
87,915
£46,190

41
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
e=Eg **=R=**B.¥x
10. GRANTS FOR MISSION WORKt
The Charity made institutional grants to Christian organisations. to support mission work in the UK and overseas,
as follows".
ABJJ*
2024
2023
Overseas Mi$$ionary Fello￿hIp
Operation Mobilisation r￿j￿•
Jian Hua Foundation (Hong Kong)
Chinese Overseas Christian Mission
6,180
13,010
16,360
13,010
3,360
1,000
14,360
10,500
WEC International
500
9,360
9,900
375
9,840
9,340
9,350
375
Pioneer5
YWAM
Global Connection
Christmas Gift to rnissionaries
260
6,360
7,540
5,180
6,000
2,860
5,000
7,720
101,135
500
Hong Kong Alliance Mission
Brodremenighedens Danske Mission
Friends Intemational
Mercy Ships
International China Concern
Latreia p￿$$
Other individual support
£66,925
In 2023, the Charity also made individual grants to 13 Christian professional worf(ing in China, Thailand, Algeria
and Albania, these totalled £47,560 .
The Charity made grants to 25 Christian professional working in various countries in the world in 2024.
2023 * J*&_
a 47,560 *$*
11. STUDENT GRANTS *
The Charity gave student grants totalling £9,68712023= £6.408) to 2 individuals (2023.. 2 individuall in the UK to
support them in their theological studies.
AI 2A 12023¢: 2A) W.7
APJJt
9.687** (2023*: 6,408 WJA*WJA*, LI

42
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
e=Eg **=R=**B.¥x
12. PENSION COMMITMENTS iPI*È
The Charity contributed to a defined contribution pension scherne for several employees. The assets of the
scheme are held separately from those of the charity in an independenuy administered fvnd. Al the balance
sheet date unpaid contributions due to the fund were £nil {2023'. £nill- Total premiums payable in the year were
£49,757.4212023.' £45,010.68).
12023¢: ***} . **
49,757.42 (2023 *45.010.68
13. TANGIBLE FIXED ASSETS
Land &
Fixture &
Office Furniture
Cost
Buildings
Improvements
Fittings
and Equipment
Total
At 1st January 2024
3,856.344
2.955,067
278,655
66,762
7,156,828
Additions
At 31st December 2024
9,288
3,952
£3,856,344
£2.955.067
£287,943
£70,714
£7.170,068
A¢¢umulated
Depreciation
At 1st January 2024
Ba
889,236
55,711
1,242,807
72,493
272,141
4,297
60,855
3,725
2,465,039
136.226
Charge for Year
At 31st December 2024
£944,947
£1.315,3(K)
£276,438
£64,580
£2.601.265
Net Book Value
At 31st December 2024
Eg¢*=A--P-
At 31st December 2023
+-A=+-
£2,911,397
£1,639.767
£11,505
£6,134
£4.568.803
£2,967,108
£1.712,261
£6,514
£5,907
£4,691,790

43
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
14. DEBTORS IAXA
2024
2023
Prepayments and ac¢rued income
HM Revenue and Customs
46,371
93,501
24,828
1,624
£ 119,953
33,006
Accounts receivable
1,440
£80,817
15. CASH AT BANK AND IN HAND￿￿￿
2024
2023
Current Accounts
670,989
242,954
Paypal Accounts PEIX
Deposit Accounts #KPEI
Treasury Deposits
Cash
18.884
18,661
554,783
306,795
546,561
500,000
750
1,130
£ 1,309,306
£1,552,201
16. LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR MIA: ￿4r￿A
2024
2023
'Building fund interest free loans
Trade Creditors
36,000
82,000
ia51A
3,138
3,948
Accruals and Def¢rr¢d Income
41,029
58,995
23,548
10,500
14,846
Croydon Chinese School
HM Revenue and Customs IAXR
Carelinks support
Net Pay Control
Income Received in Advance
30,619
12,752
810
6,183
£179,393
£ 144,976

44
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
' These are short term unsecured loans from members of Chinese Church in London.
The balance for Croydon Chinese School was the surplus income held to support the school to teaoh
Chinese language and bible studies in the coming years.
The Croydon Chinese School operates independently of the Chinese Church in London and will cease
to operate in the near future. al which time a decision will be made on how the remaining funds will
be utilised.
IÈ,
17. RESTRICTED FUNDS
The income funds of the Church include restricted funds comprising the followng unexpended balances of
donations and grants held on trust lo be applied for specific purposes."
Year ended 31 December 2024
Balance
blf
Income
Expenditure
Paid
Balance clf
Received
2024
Building Fund I￿1￿%
Mission Fund *
Dr Peter Chow Memorial Mission
Education Fund
4,687,789
59,141
{128,2041
{110,5151
14.7231
4,618,726
167,090
168,965
225,540
122,576
117,853
Theological Education Fund
88,604
22,140
19,6871
101,057
Communion Fund
129,931
56,435
{12.2981
{87,9151
174,068
Carelinks Funds
53,347
53.351
18,783
£5,249,337
360.031
{353,3431
5,256,025

45
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Year ended 31 De¢emb¢r 2023
Balan¢e
blf
Income
Received
Expenditure
Paid
Balance clf
2023
Building Fund Il*l*Xg
Mission Fund
4,749,282
66,711
{128,2041
(123,0611
13,0891
4,687,788
139,756
150,394
167,090
Dr Peter Chow Memorial Mission
Education Fund
125,665
122,576
Theological Education Fund
78.928
16,084
{6.4081
88,604
Communion Fund
90,530
47,202
17,8001
{46,1901
129,931
Carelinks Funds
52,686
46,851
53,347
£5,236,847
£327.242
£{314,7521
£5,249,336
17. RESTRICTED FUNDS (CONTINUED) (a)
The purposes of the restricted funds are as follows..
Building Fund
Represents sums already exFended on the purchase and refurbishment of proFerty and surns committed to
meet future major refurbishment costs. There is currently a shortfall in fvnding for the Building Fund which has
been funded from general fvnds as indicated by the analysis of net assets in note 17.
. 17
Mission Fund
For support of Church's missionaries and mission organisations, both localty and overseas., to fiJnd any Church
activities associated with the fvrtherance of the cause of Christ in mission field in the UK and abroad.

46
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
Dr Peter Chow Memorial Mission Education Fund
Fund from Dr Peter Chow's legacy for the training and education of mission educators and professionals.
Theological Education Fund l•
To fund scholarships for students pursuing theological studies with a view to full-time ministy,. students are not
expected to repay the Church, upon completion of their studies.
Communion Fund *O•AII
To fund monetary gifts for any brother5 and sister5 in Christ who are in unex￿Cled financial difficulb'es, in the UK
and abroad.
Carelinks Funds
These comprise the proceeds of annual collections for Tear Fund and Cedar Fund, other christ.an soaal
organisations and other special appeals made wherever a need may arise.
llF'
Education Conference Fund ¥AW<•¥*
To restrict any surplus arise in educabon conferences or events. Any reserves would be used lo support deficits
of other education COnferen￿S.
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS ¥tA￿s1
Net cur￿￿t Assets
Fixed Assets
2024
2023
Restricted Funds
704.860
4.551.164
5.256.024
5,249,337
726.737
Unrestricted Funds
748.765
17.640
766,405
6,022,429
1A53.625
4.568.804
£5.976,074

47
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
e=Eg **=R=**B.¥x
19. COMPARATIVE FIGURES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Year ended 31 December 2023
Unrestricted
Restricted
Total Funds
INCOME FROM
Funds
Funds
2023
**
J**
Donations and Legacies
1.365,027
327,242
1.692.269
Other Trading Activities
82,420
6.101
82,420
6,101
Investments
TOTAL INCOME
1,453,548
327,242
1,780,790
EXPENDITURE ON
Raising Funds
Charitsble Activities
1,489.406
314,752
1,804,158
TOTAL EXPENDITURE
1,489.406
314,752
1,804,158
NET INCOMEIIEXPENDITUREI AND
NET MOVEMENT IN FUNDS FOR THE
YEAR
(35.858)
12.490
(23.3681
RECONCILIATION OF FUNDS:
Balance blf at 1st January 2023
762,595
5,236,847
5,999.442
Balance CM at 31st December
2023 *¢
£726,737
£5,249,336
£5,976,073

48
CHINESE CHURCH IN LONDON
NOTES TO THE FINANCIAL STATEMENTS
CONTINUED
FOR THE YEAR ENDED 31 DECEMBER 2024
20. RELATED PARTIES TRANSACTIONS
1. COCM The Church received a donation from a Hong Kong organisation via COCM,
totalled to £24,000 to support staff cost in order to promde supports for new
immigrants and their families from Hong Kong.
{COCM)
*4fi16ioa (COCM)
Jk*, £24,000,
2. VWV The Church engaged the finn for legal advice during the year, totslled to
£3,540.
4U £3.540.