2022-12-31-accounts - The Chinese Overseas Christian Mission

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Reference and Administrative Details	Reference and Administrative Details	1 to 2
Trustees' Report		3 to 9
Statement ofTrustees'	Responsibilities	10
Independent Auditors'	Report	11to 14
Statement ofFinancial	Activities	15
Balance Sheet		16
Statement ofCash Flows		17
Notes to the Financial	Statements	18to 31
Detailed Statement ofFinancial Activities		32to 34

			and Loss	es)
			Unrestricted	Restricted	Total	Total
			funds	funds	2022	2021
		Note
Income and Endowments		from:
Donations and legacies			1,700,544	28,459	1,729,003	1,549,694
Charitable activities			317,173		317,173	105,490
Investment income			6,148		6,148	1,040
Total Income			2,023,865	28,459	2,052,324	1,656,224
Expenditure on:
Charitable activities			1,900,387	17,325	1,917,712	1,366,342
Total Expenditure			1,900,387	17,325	1,917,712	1,366,342
Net income			123,478	11,134	134,612	289,882
Net movement in funds			123,478	11,134	134,612	289,882
Reconciliation offunds
Total funds brought	forward		5,231,908	78,582	5,310,490	5,020,608
Total funds carried	forward	20	5,355,386	89,716	5,445, 102	5,310,490

			Balance Sheet as at 31	December 2	022
					2022	2021
				Note
Fixed assets
Tangible assets				13	3,656,825	3,670,816
Current assets
Stocks				14	53,574	45,404
Debtors				15	167,732	260,588
Cash at bank		and in hand			1,787,223	1,394,730
					2,008,529	1,700,722
Creditors:	Antounts		falling due &vithin one year	46	~220i252	(6t,040)
Net current		assets			1,788,277	1,639,674
Net assets					5,445, 102	5,310,490
Funds ofthe		charity:
Restricted	funds				89,716	78,582
Unrestricted		income	funds
Unrestricted		funds			5,355,386	5,231,908
Total funds				20	5,445,102	5,310,490

Statement o	fCash Flo	ws for the Y	ear Ended 31D	ecember 2022
				2022	2021
			Note
Cash flows from operating activities
Net cash income				134,612	289,882
Adjustments to cash flows from non-cash		items
Depreciation				13,991	15,377
Investment income				(6,148)	(1,040)
				142,455	304,219
Working capital adjustments
(Increase)/decrease in stocks				(8,170)	(1,865)
(Increase)/decrease in debtors				92,856	(86,674)
Increase/(decrease) in creditors				159,204	24,474
Net cash flows from operating	activities			386,345	240,154
Cash flows from investing activities
Interest receivable and similar	income			6,148	1,040
Net increase in cash and cash equivalents				392,493	241,194
Cash and cash equivalents at I	January			1,394,730	1,153,536
Cash and cash equivalents at 31December				1,787,223	1,394,730

residual value, ove	r their expected useful economic	life as follows:
Asset class		Depreciation	method	and rate
Land and buildings		In accordance	with the	propetty
Motor vehicles		25%on cost
Furniture, fittings	and equipment	At varying rates on cost

Income	rom charitable activities
		Unrestricted
		funds
			Total	Total
		General	2022	2021
Coups and conferences Missions and honorarium		230,359 32,453	230,359 32,453	49,490 19,719
Book sales Education	and training	54,331 30	54,331 30	36,061 220
		317,173	317,173	105,490

5 Investment inc
		Unrestricted
		funds
			Total	Total
		General	2022	2021
Interest receivable and sunilar Interest receivable on bank	income; deposits	6,148	6,148	1,040

6 Expenditure on	charitable activities
	Unrestricted	funds	Restricted	Total	Total
	Designated	General	funds	2022	2021
Missions and honorariuln	11,340	1,758,355		1,769,695	1,284,872
Camps and conferences	513	79,470		79,983	19,184
Book sales	291	45,230		45,521	37,755
Education and training	144	5,044	17,325	22,513	24,532
	12288	1 888099	17,325	1,917,712	1,366,343

	Activity undertaken directly	Grant funding ofactivity	Activity suppor t costs	Total 2022	Total 2021
Camps and conferences	61,551		18,432	79,983	19,184
Missions and honorarium Booksales	1,361,865 35,031		407,830 10,490	1,769,695 45,521	1,284,872 37,755
Education and training	9,325	8,000	5,188	22,513	24,532
	1,467,772	8,000	441,940	1,917,712	1,366,343

Governance	rt costs alloca	ted to charit	able activiti	es
					Premises
					costs
	Governance costs	Finance costs	Staff costs	Admin costs	including depreciation	Total 2022	Total 2021
Missions and honorariuin	9,733	(96,656)	154,926	164,978	174,849	407,830	254,897
Camps and conferences Book sales Education and training	440 250 124	(4,368) (2,486) (1,230)	7,002 3,985 1,971	7,456 4,244 2,099	7,902 4,497 2,224	18,432 10,490 5,188	3,804 7,490 4,868
						441,940	271,059

Governance and suppo	rt c	d
		Unrestricted	funds
				Total	Total
		Designated	General	2022	2021
Staff costs Wages and salaries Social security costs Pension costs Other staff costs			127,059 10,925 8,818 21,082	127,059 10,925 8,818 21,082	93,848 6,447 7,269 4,845
Audit fees Audit ofthe financial Legal and professional	statements fees		7,776 2,771	7,776 2,771	7,560 1,213
Depreciation, amoitisation and other similar costs Other governance and support costs		12,288	1,703 249,518	13,991 249,518	15,377 134,500
		12,288	429,652	441,940	271,059

2022		2021
13	991	15	377

10 Staff costs
The aggregate payroll costs were as follows:
	2022	2021
Staff costs during the year were: Wages and salaries Social security costs Pension costs	940,644 91,897 80,636	718,980 62,510 63,274
	1 113 177	844,764

2022		2021
No		No
	54		42

11 Auditors'	remuneration	remuneration
			2022	2021
			7 776	7 560
Audit ofthe	financial	statements
12 Taxation

13 Tangible fixed assets
	Land and	Furniture and	Motor
	buildings	equipment	vehicles	Total
Cost At 1 January 2022	3,790,656	50,354	15,566	3,856,576
At 31December 2022	3,790,656	50,354	15,566	3,856,576
Depreciation At 1 January 2022 Charge for the year	122,879 12,288	48,815 803	14,066 900	185,760 13,991
At 31 December 2022	135,167	49,618	14,966	199,751
Net book value
At 31 December 2022	3 655489	736	600	3,656,825
At 31December 2021	3,667,777	1,539	1,500	3,670,816

14 Stock
	2022	2021
Stocks	53,574	45,404
15 Debtors
	2022	2021
Trade debtors		51,744
Prepayments Other debtors	29,248 138,484	18,289 190,555
	167732	260 588

16 Creditors: amounts falling due within one year
	2022	2021
Trade creditors Other taxation and social security Other creditors Accruals	10,609 21,168 160,393 28,082	11,937 17,266 5,761 26,084
	220,252	61,048

Operating	lease commitments	lease commitments
Total future	minimum	lease payments	under non-cancellable	operating	leases are as follows:
					2022	2021
Land and	buildings				64,002	74,327
Within one	year

20 Funds
						Balance at 31
			Balance at 1 January 2022	Inconnng resources	Resources expended	December 2022
Unrestricted	funds
General General fund			1,564,131	2,023,865	(1,888,099)	1,699,897
Designated Designated	fund		3,667,777		(12,288)	3,655,489
Total Unrestricted		funds	5,231,908	2,023,865	(1,900,387)	5,355,386
Restricted funds Restricted fund			78,582	28,459	(17,325)	89,716
Total funds			5,310,490
						Balance at 31
			Balance at 1 January 2021	Incoming resources	Resources expended	December 2021
Unrestricted	funds
General General fund			1,257,451	1,641,070	(1,334,390)	1,564,131
Designated Designated	fund		3 680 065		(12,288)	3,667,777
Total unrestricted		funds	4,937,516	1,641,070	(1,346,678)	5,231,908
Restricted funds Restricted fund			83,092	15,154	(19,664)	78,582
Total funds			5 020 608	1,656,224

		Unrestricted	funds
				Restricted
		General	Designated	funds	Total funds
Tangible Current Current	fixed assets assets liabilities	1,336 1,918,813 (220,252)	3,655,489	89,716	3,656,825 2,008,529 (220,252)
Total net assets		1,699,897	3,655,489	89 716	5 445 102
		Unrestricted	funds
					Total funds at
				Restricted	31December
		General	Designated	funds	2021
Tangible Current Current	fixed assets assets liabilities	3,039 1,622, 140 (61,048)	3,667,777	78,582	3,670,816 1,700,722 (61,048)
Total net assets		1,564,131	3,667,777	78 582	5310490

			2022		2022
			Unrestricted
			funds
				Restricted		Total
			General	funds	Total	2021
Donations		and legacies
Legacies Appeals Appeals	and bequests and donations and donations		1,700,544	28,459	28,459 1 700 544	122,255 15,154 1,412,285
			1,700,544	28,459	1,729,003	1,549,694

			2022	2022
			Unrestricted
			funds
						Total
			General	Total		2021
Charitable		activities
Booksales			54,331	54,331		36,061
Camps and conferences Education and training Missions and honorarium			230,359 30 32,453	230,359 30 32,453		49,490 220 19,719
			317 173	317	173	103	490
			2022	2022
			Unrestricted
			funds
						Total
			General	Total		2021
Investment		income
Interest	on	cash deposits	6,148	6,148		1,040
			6 148	6,148		1,040

Detailed State	ment of Financia	l Activities f	or the Year End	ed 31Decembe	r 2022
		2022		2022
	Unrestricted	funds
			Restricted		Total
	Designated	General	funds	Total	2021
Charitable activities
Wages and salaries (missionary)		813,585		813,585	625,132
StaffNIC
(missionary)		80,972		80,972	56,063
Missionai3 staff
pensions (defined contribution)		71,818		71,818	56,005
Other missionary staff costs		82,984		82,984	65,462
Book purchases		35,030		35,030	30,265
Tl'aliilng and scholarship fees			17,325	17,325	19,664
Catering		2,025		2,025	967
Work and travel
expenses (missionaiy)		55,790		55,790	16,395
Staff housing
allowance and
accommodation		224,775		224,775	184,237
Conferences		59,525		59,525	14,413
Publications and
magazines		6,953		6,953	4,208
Overseas boaid- Hong Kong		24,990		24,990	22,472
Wages and salaries (support staff)		127,059		127,059	93,848
StaffNIC (support stag		10,925		10,925	6,447
Support staff
pensions (defined contribution)		8,818		8,818	7,269
Other support staff costs		21,082		21,082	4,845
HQ establishment costs		175,481		175,481	80,939
Office expenses		42,877		42,877	30,341
Other costs		126,662		126,662	18,533
Travel expenses (support staff)		9,238		9,238	3,504
The audit ofthe
charity's annual accounts		7,776		7,776	7,560

			2022		2022
		Unrestricted	funds
				Restricted		Total
		Designated	General	funds	Total	2021
Legal and professional	fees		2,771		2,771	1,213
Foreign cunency (gains)/losses			(104,740)		(104,740)	1,183
Depreciation of tangible fixed assets		12,288			12,288	12,288
Depreciation of tangible fixed assets			1,703		1,703	3,089
		12,288	1,888,099	17,325	1,917,712	1,366,342