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|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|
##
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||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|||||
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||||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|
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|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|
##
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##
|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|
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##
|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|
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|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|
##
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|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|
##