**Calvary Chinese Christian Church Annual Report For The Year Ended 31[st] December 2020** ## **Administrative information** Calvary Chinese Christian Church (CCCC) is situated in Newport Pagnell, Milton Keynes. CCCC Council members who served from 1[st] January 2020 until the date of this report was approved are: Elected Council members:- Mr. Samuel Kin On Wong Chairman Ms. Siu Mui Wong Secretary Mr. Bobby, Man Hung Leung Treasurer Mr. Ho Shun Chik Mr. Wing Ho Leung Ms. Carmen Leung Ms. Katie Ho Ms. Candy Mo ## **Objectives and Activities** Our main goals are preaching the gospel of Jesus Christ and teaching the doctrines of the Christian faith as set forth in the Holy Scriptures, primarily but not exclusively, to the Chinese in Milton Keynes and the surrounding areas. In addition to regular Sunday worships, fellowships and bible studies; there are other affiliated activities targeting non-believers, so they can get to know about our church and have the opportunity to know the Gospel. ## **Structure, governance and management** Church consitution Type of governing document How the charity is constituted Trust Trustees are selected and elected by members according to the church Trustee selection methods consitiution. (eg. appointed by, elected by) ## **Achievements and Performance** ## Church attendance The average of weekly attendance was 35 for Cantonese and 40-60 for Crossway service. Sunday school was stopped in March because of the lockdown and started again in June online because of additional family with children joining our church. 1 ## Review of the year 2020 is a strange year. The pandemic has affected our lives. The church is no exception. At the beginning of the year, we had a big gathering for the Chinese New Year. In March, worship has changed to zoom vitural service. It ran well. Congregation remain constant. Offering income was down but not much. At the same time the outgoing was also down because physical activities were cancelled hence no hire charge of venue. Crossway was held on every Sunday since the lockdown; English-speaking people are encouraged to attend the worship. Young adult fellowship and bible study take place twice a month. Also there is a youth fellowship meeting every Friday for teenagers between 12 to 18 years. James So of COCM is working mainly at Crossway as leader and training others to continue the English speaking work. Zoom meeting went well. People could join even though they were not in Milton Keynes, some of them moved away because of work. Colchester Chinese Church English speaking people also joined our worship since they do not have their own worship service. As a result the number of attendees on zoom service increased from 40 to 60. ## Bible Study There are two Saturday bible studies. One was held on the 1[st] and 4[th] Saturday afternoon. The other was held on the 2[nd ] and 3[rd ] Saturday morning. It had been continued with zoom throughout the year. ## **Financial Review** ## Brief statement of the church’s policy on reserves ## **Contingency fund** : £67,532 Our reserve policy is to maintain a balance on unrestricted funds which equates to at least three months of routine unrestricted payments (£5,000), to cover emergency situations. ## **Pastoral worker fund** : £36,258 No expenditure made this year. Increase on fund balance (£3,717) is the result of 20% General Fund Surplus for the year transfer into this fund. ## **Short term mission fund** : £27,293 To encourage members to participate in short term mission, the church decided to support each applicant 50% of the mission cost. 10% General Fund Surplus for the year at £1,858 is added to this fund. For this year, £370 was spent to support members on short term mission trips to China. ## **Mission fund** : £500 This fund is used for missionary giving. 10% of General Fund income at £2,728.41 was transferred in, plus £29 was bought forward from 2019, which in turn allocated to six designated Christian Missionary Organizations. Payment of £ 2,199.50 was made in this year. £500 carried forward to 2021. ## **Caring Fund:** £6,281 This comes from designated donations for the church, and is used for members (including active and non-active members) or friends who need help in financial difficulties. 2 ## **Theological Education Sponsorship Fund** £5,000 This fund was set up in April this year. It is available to active member studying a degree course at a registered establishment. Up to 75% of the tuition fee could be covered once the application has been approved by church members. Investment policy – Surplus funds may be invested in bank fixed deposits or publicly traded bonds, low risk and highest return possible. The maxium allowed amount of £85,000 has been invested with a high street bank. Total general fund income for the year was £27,284.07 and is detailed in the Financial Statements on pages 4 & 5. £3,540 was spent to provide Christian ministry in preaching the gospel and teaching the doctrines of the Christian faith. £635 was spent on the English Worship and activities, including speaker’s honouraium, hiring venue, activities and refreshments. Special donations totalled £2,800 was made to the following organisations/individuals : The church continues to support James So for his involvement in our youth work and his ministry in COCM. Payment of £200 per month was made for the whole year. Also £400 was paid to the United Reformed Church as contribution towards their new AV system. The net balance at 31st December 2020 carried forward to Contingency Fund was £10,280 Members who are tax payers are encouraged to make an offering by Gift Aid which the church can reclaim the tax from the government. ## **Approved by the CalvaryCCC Council on 14[th] July 2021 and signed on their behalf by Samuel Wong (CalvaryCCC chairman)** 3 ## **Charity Name CALVARY CHINESE CHRISTIAN CHURCH** ## **Receipts and payments accounts** 01-Jan-20 **To** **For the period from** ## **Section A Receipts and payments** |**A1 Receipts(see note 1)**|**Unrestricted**
**funds**
**to the nearest**
**£**|**Unrestricted**
**funds**
**to the nearest**
**£**|**Restricted**
**funds**
**to the nearest £**|**Restricted**
**funds**
**to the nearest £**|**Endowment**
**funds**
**to the nearest £**| |---|---|---|---|---|---| |Donations and legacies|**21,067**||**-**||**-**| |Charitable activities|**28**||**-**||**-**| |Other trading activities|**-**||**-**||**-**| |Investmentsincome|**1,235**||**-**||**-**| |Tax Rebate|**4,954**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| |**_Sub total_**_(Gross income for_
_AR)_|**27,284**||**-**||**-**| ||||||| |**A2 Asset and investment sales,**
**(not applicable).**|||||| ||**-**||||**-**| ||**-**||||**-**| |**_Sub total_**|**-**||||**-**| |**_Total receipts_**
**A3 Payments(see note 2)**|||||| ||||||**-**| ||||||| |Raisingfunds|**-**||**-**||**-**| |Charitable activities|**5,900**||**2,570**||**-**| |Special Donations|**2,800**||**-**||**-**| |Other|**-**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| ||**-**||**-**||**-**| |**_Sub total_ **|**8,700**||**2,570**||**-**| ||||||| |**A4 Asset and investment**
**purchases, (see table)**|||||| |Fixed termdeposit|**-**||||**-**| ||**-**||||**-**| |**_Sub total_ **|**-**||||**-**| |**_Total payments_**
**_Net of receipts/(payments)_**
**A5 Transfers between funds**
**A6 Cash funds last year end**
**_Cash funds this year end_**|||||| ||||||**-**| ||||||| ||**18,584**||||**-**| ||**-**||||**-**| ||**-**||||**-**| ||**18,584**||||**-**| CCXX R1 accounts (SS) 14/08/2021 1 ## **Section B Statement of assets and liabilities at the end of the period** ## **Categories Details This is done for you B1 Cash funds** Cash at bank and in hand ## _**Total cash funds**_ **Unrestricted funds to nearest £ 57,863 - - 57,863** |**B2 Other monetary assets**
**B3 Investment assets**|**Details**| |---|---| ||Fixed term deposit| ||| ||| ||| ||| ||| ||**Details**| ||None| ||| ||| ||| ||| ## **Details** **B4 Assets retained for the** Projector **charity’s own use** ## **Unrestricted funds to nearest £** **9,669 - - - - -** **Fund to which asset belongs** **Fund to which asset belongs** expensed in General Admin dept in 2019 ## **B5 Liabilities** **Details** None **Fund to which liability relates** Total Net Assets, represented by fund balances below: |**Fund Balances**|**Type PE, EE R**
**or UR ***|**Fund balances**
**brought forward**|**Income**|**Expenditure**|**Transfers**| |---|---|---|---|---|---| |Mission Fund|R|- 29||- 2,200|2,728| |Pastoral Worker Fund
CCXX R2 accounts (SS)|R|32,541
2|-|-|3,717
14/08/2021| |Short Term Mission Fund|R|25,804|-|- 370|1,858| |---|---|---|---|---|---| |Contingency Fund (from general fund
surplus)|UR|62,252|-|-|5,280| |General Fund|UR|-|27,284|- 8,700|- 18,584| |Theological Education Sponsorship
Fund|R|-|||5,000| |CaringFund|R|6,281|||| |**Total funds**||**126,849**|**27,284**|**11,269**
**-**|**0**
**-**| |Signed by one or two trustees on
behalf of all the trustees|Signature||||| CCXX R3 accounts (SS) 14/08/2021 3 |**1120143**
**No (if any)**
**s**
31-Dec-20|**CC16a**| |---|---| |31-Dec-20|| |**Total funds**
**to the nearest £**
**21,067**
**28**
**-**
**1,235**
**4,954**
**-**
**-**
**-**
**27,284**|**Last year**
**to the nearest £**| |---|---| |**21,067**|**21,937**| |**28**|**529**| |**-**|**-**| |**1,235**|**523**| |**4,954**|**2,159**| |**-**|**-**| |**-**|**-**| |**-**|**-**| |**27,284**|**25,147**| |**-**||| |---|---|---| |**-**||**-**| |**-**||**-**| |||| |**27,284**||**25,147**| |||| |**-**||**-**| |**8,470**||**17,360**| |**2,800**||**1,200**| |**-**||**-**| |**-**||**-**| |**-**||**-**| |**-**||**-**| |**-**||**-**| |**-**||**-**| |**11,270**||**18,560**| |||| |||| |---|---|---| |||| |||**-**| |||| |||**18,560**| |||| |**16,014**||**6,587**| |**-**||**-**| |**-**||**-**| |**16,014**||**6,587**| CCXX R4 accounts (SS) 14/08/2021 4 **----- Start of picture text -----**
Restricted Endowment
funds funds
to nearest £ to nearest £
- -
- -
- -
**----- End of picture text -----**
**----- Start of picture text -----**
Restricted Endowment
funds funds
to nearest £ to nearest £
75,331 -
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
Current value
Cost (optional)
(optional)
- -
- -
- -
- -
- -
- -
- -
- -
- -
Amount due When due
(optional) (optional)
-
-
-
-
-
142,863
Gains and Fund balances
losses carried forward
- 500
- 365 ,258
**----- End of picture text -----**
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