2020-12-31-accounts

Reference and Administrative DetaiLs	Reference and Administrative DetaiLs	1 to 2
Trustees' Report		3 to 8
Statement ofTrustees'	Responsibilities
Independent Auditors'	Report	10to 12
Statement ofFinancial	Activities	13
Balance Sheet		14
Statement ofCash Flows		15
Notes to the Financial	Statements	16to 3 I
Detailed Statement of	Financial Activities	32to 34

	The Chinese Overseas Christian	The Chinese Overseas Christian	Mission
	Reference and Administrative		Details
Trustees/Directors	Revd Siew Huat Ong
	Dr Wesley Lai
	David Wells
	James Lo
Secretary	David Wells
Council	Revd Siew Huat Ong, Chairman		ofcoucil
	Dr Wesley Lai, Vice-chairman	ofcouncil
	David Wells, Secretary ofcouncil
	Janres Lo, Treasurer ofcouncil
	Revd Johnny Chan, Council member
	Revd Bert Han, Council member
	Prof Raymond Heng, Council member
	Jin Li, Council member
	Carmen Ng, Council member
	K.eith Lau, Council member
	Rachel Li, Council member

Principal	Oflice		2 Padstovv Avenue
			Fishermead
			Milton Keynes
			Buckinghamshire
			MK6 2ES
Company	Registration	Number	07106567
Charity Registration		Number	1135892

	R	eference and Administrative D	eference and Administrative D	etails
Solicitors		Ellis-Fermor &Negus Limited
		2 Devonshire Avenue
		Beeston
		Nottingham
		Nottinghamshire
		NG9 1BS
Bankers		CAF Bank
		25 Kings Hill Avenue
		Kings Hill
		West Mailing
		Kent
		ME194JQ
		Nordea
		341 85
		Ljungby
		HSBC
		Milton Keynes Midsummer Place		Branch
		Midsummer Place
		19Midsummer	Boulevard
		Milton Keynes
		Buckinghamshire
		MK9 3GB
		Bank ofAtnerica
		P0Box 15284
		Wilmington
		DE 19850
		HSBC
		Ealing Broadway Branch
		46 The Broadway
		LONDON
		W5 5JR
Senior Management	Team	Henry Tsz Fung	Lu, General director
		Revd Kam Hung Ho, Director ofadministration
		Rebecca Mao, Director of member		care
		Connie Yu
Auditor		Michael JEmery k, Co Limited
		22 StJohn Street
		Newport Pagnell
		Buckinghamshire
		MK16 8HJ
Page 2

			and Loss	es)
			Unrestricted	Restricted	Total	Total
			funds	funds	2020	2019
		Note			f.
Incotne and Endowments		from:
Donations and legacies			1,145,703	15,083	1,160,786	1,318,696
Char itabl e activities			73,019		73,019	214,871
Investment income			1,825		1,825	7,331
Total Income			1,220,547	15,083	1,235,630	1,540,898
Expenditure on:
Charitable activities			1,219,984	19,578	1,239,562	1,540,160
Total Expenditure			1,219,984	19,578	1,239,562	1,540,160
Net income/(expenditure)			563	(4,495)	(3,932)	738
Net movement in funds			563	(4,495)	(3,932)	738
Reconciliation offunds
Total funds brought	forward		4,936,953	87,587	5,024,540	5,023,802
Total funds carried	forward	20	4,937,516	83,092	5,020,608	5,024,540

		Balance	Sheet as at 31	December 202	0
					2020	2019
				Note
Fixed assets
Tangible assets				13	3,686,193	3,706,603
Current assets
Stocks				14	43,539	44,728
Debtors				15	173,914	150,687
Cash at bank	and in hand				1,153,536	1,173,086
					1,370,989	1,368,501
Creditors: Amounts		falling due withiu	one year		(36,574)	(50,564)
Net current	assets				1,334,415	1,317,937
Net assets					5,020,608	5,024,540
Funds ofthe	charity:
Restricted funds					83,092	87,587
Unrestricted	income	funds
Unrestricted	funds				4,937,516	4,936,953
Total funds				20	5,020,608	5,024,540

Statement o	fCash Flo	ws for the Year End	ed 31D	ecember 2020
				2020	2019
			Note		K
Cash flows from operating activities
Net cash (expenditure)/income				(3,932)	738
Adjustments to cash flows from non-cash		items
Depreciation				20,412	24,773
Investment income				(1,825)	(7,331)
(Profit)/loss on disposal oftangible fixed assets held for the charity's
own use				(100)
				14,555	18,180
Worldng capital adjustments
(Increase)/decrease in stocks				1,189	(3,174)
(Increase)/decrease in debtors				(23,228)	4,504
Increase/(decrease) in creditors				(13,991)	(16,113)
Net cash flows from operating	activities			(21,475)	3,397
Cash flows from investing activities
Interest receivable and similar	income		5	1,825	7,331
Purchase oftangible fixed assets			13		(3,600)
Sale oftangible fixed assets				100
Net cash flows fi'om investing	activities			1,925	3,731
Net (decrease)/increase in cash	and cash equivalents			(19,550)	7, 128
Cash and cash equivalents at 1	January			1,173,086	1,165,958
Cash and cash equivalents at 31December				1,153,536	1,173,086

Income	f	rom charitable activities
			Unrestricted
			funds
				Total	Total
			General	2020	2019
Camps and		conferences	33,739	33,739	146,969
Missions	and honorarium		15,608	15,608	27,952
Book sales			22,556	22,556	39,660
Education		and training	1„116	1,116	290
			73,019	73,019	214,871

						Unrestricted
						t'unds
							Total	Total
						General	2020	2019
Interest receivable		and similar		income;
Interest	receivable		on bank deposits			1,825	1,825	7,331
6 Expenditure		on	charitable	activities
				Unrestricted	funds
						Restricted	Total	Total
			Designated		General	funds	2020	2019
						f.
Missions	and
honorarimn				11,563	1,154,564		1,166,127	1,331,934
Camps and conferences				233	23,266		23,499	137,169
Book sales				233	23,271		23,504	40,271
Education	and
training				259	6,595	19,578	26,432	30,786
				12,288	1,207,696	19,578	1,239,562	1,540, 160

	Activity
	undertaken	Grant funding	Activity		Total	Total
	directly	ofactivity	support	costs	2020	2019
Camps and conferences	17,301			6, 198	23,499	137,169
Missions and
honorarium	859,104		307,023		1,166,127	1,331,934
Book sales	17,306			6,198	23,504	40,271
Fducation and
training	3,178	16,400		6,854	26,432	30,786
	896,889	16,400	326,273		1,239,562	1,540, 160

Expenditure on act	ivities undertake	n directly
		Missions		Education
	Camps and conferences	and honorarium	Book sales	and training	Total 2020	Total 2019
Staff salaries		589,438			589,438	580,727
Publications and
magazines		10,596			10,596	34,539
Scholarship fees				16,400	16,400	16,400
Work and travel
expenses		12,203			12,203	36,576
Missionary in preparation				3,178	3,178	4,346
Staff housing
allowance and
accomo dation		157,714			157,714	156,346
Overseas board-
Hong Kong		24,262			24,262	24,071
Conferences	16,717				16,717	89,308
Book room
purchases			17,306		17,306	28,272
Other missionary staff costs		64,891			64,891	65,669
Conference
catering	584				584	1,875
	17,301	859,104	17,306	19,578	913,289	1,038,129

Governance and suppo	rt costs alloca	ted to chari	table activiti	es
					Premises
					costs
	Governance	Finance	Staff	Admin	including	Total	Total
	costs	costs	costs	costs	depreciation	2020	2019
Missions and
honorarium	8,921	19,175	115,024	46,133	117,770	307,023	434,006
Camps and conferences	180	387	2,322	931	2,378	6,198	45,986
Book sales	180	387	2,322	931	2,378	6,198	11,999
Education and training	199	428	2,568	1„031	2,628	6,854	10,040
	9,480	20,377	122,236	49,026	125,154	326,273	502,031

				Unrestricted	funds
						Total	Total
				Designated	General	2020	2019
Staff costs
Wages and salaries					105,795	105,795	100,083
Social security costs					2,912	2,912	9,035
Pension costs					7,635	7,635	7,282
Other staff costs					5,894	5,894	26,665
Audit fees
Audit ofthe financial		statements			7,200	7,200	7,525
Legal and professional		fees			2,280	2,280	1,557
Depreciation, amortisation			and other
similar costs				12,288	8,023	20,311	24,773
Other governance	and	support costs			174,246	174,246	325,110
				12,288	313,985	326,273	502,030

Net (outgoin	g)/inconiing resources for the year include:
			2020	2019
			f.	f.
(Profit)/loss	on disposal offixed assets held for the charity's	own use	(100)
Depreciation	offixed assets		20,411	24,773

The aggregate payr	oll costs were as follows:
		2020	2019
Staff costs during	the year wn e:
Wages and salaries		609,361	590,283
Social security costs		43,389	56,035
Pension costs		53,030	50,809
		705,780	697,127

2020		2019
No		No
	35		37

13 Tangible fixed assets
	Land and	Furniture and	Motor
	buildings	equipment	vehicles	Total
Cost
At 1 January 2020	3,790,656	50,354	18,081	3,859,091
Dispo sais			(2,515)	(2,515)
At 31 December 2020	3,790,656	50,354	15,566	3,856,576
Depreciation
At 1 January 2020	98,303	39,402	14,781	152,486
Charge for the year	12,288	7,224	900	20,412
Eliminated on disposals			(2,515)	(2,515)
At 31December 2020	110,591	46,626	13,166	170,383
Net book value
At 31December 2020	3,680,065	3,728	2,400	3,686, 193
At 31December 2019	3,692,353	10,952	3,300	3,706,605

14 Stock
		2020	2019
Stocks		43,539	44,728
The cost ofstock recognised	as an expense in the year amounted	to f.17,307(2019 - t:28,272),
15 Debtors
		2020	2019
Trade debtors		32,262	18,802
Prepayments		7,976	13,568
Other debtors		133,676	118,317
		173,914	150,687

16 Creditors:	amounts falling due within one year
		2020	2019
Trade creditors		6,218	17,013
Other taxation	and social security	13,369	9,426
Other creditors		4,674	3,814
Accruals		12,313	20,311
		36,574	50,564

Operating	lease commitments	lease commitments
Total future	minimuni	lease paynients	under non-cancellable	operating	leases are as follows:
					2020	2019
Land and Within one	buildings year				55,440	43,980

20 Funds
							Balance at 31
				Balance at 1	Incoming	Resources	December
				January 2020	resources	expended	2020
Unrestricted		funds
General
General fund				1,244,600	1,220,547	(1,207,696)	1,257,451
Designated
Designated		fund		3,692,353		(12,288)	3,680,065
Total Unrestricted			funds	4,936,953	1,220,547	(1,219,984)	4,937,516
Restricted	funds
Restricted		fund		87,587	15,083	(19,578)	83,092
Total funds				5,024,540	1,235,630	(1,239,562)	5,020,608
							Balance at 31
				Balance at 1	Incoming	Resources	December
				January 2019	resources	expended	2019
Unrestricted		funds
Getreral
General fund				1,216,365	1,532,108	(1,503,873)	1,244,600
Designated
Designated		fund		3,704,641		(12,288)	3,692,353
Total unrestricted			funds	4,921,006	1,532,108	(1,516,161)	4,936,953
Restricted	funds
Restricted		fund		102,796	8,790	(23,999)	87,587
Total funds				5,023,802	1,540,898	(1,540,160)	5,024,540

		Unrestricted	funds
				Restricted
		General	Designated	funds	Total funds
Tangible	fixed assets	6,128	3,680,065		3,686,193
Current	assets	1,287,897		83,092	1,370,989
Current	liabilities	(36,574)			(36,574)
Total net assets		1,257,45 I	3,680,065	83,092	5,020,608
		Unrestricted	funds
					Total funds at
				Restricted	31December
		General	Designated	funds	2019
Tangible	fixed assets	14,250	3,692,353		3,706,603
Current	assets	1,280,914		87,587	1,368,501
Current	liabilities	(50,564)			(50,564)
Total net assets		1,244,600	3,692,353	87,587	5,024,540

22 Financial instruments
Categorisation offinancial	instruments
					2020	2019
Financial assets that are debt	instruments	measured	at amortised	cost	32,262	18,802
Financial liabilities measured	at amortised	cost			6,218	17,013