Coii)paiiy I'egisli'atioii numbei.: 07106567
Chai-ity I'egistialion iiuiiibei.: I13i892
The Chinese Overseas Christian Mission
(A company limited by giiai'anlee)
Annual Report and financial Staleiiients
toi. the Year Ended 31 Deceii)ber 2024
Micliael J Emei'y & Co Liiniled
22 St. Johi) Sii'eet
NeNvpoi'l Pagnell
Buckingliainsliii'e
MK16 8HJ

Tlie Cliinese Ovei'seas Clii'istian Missioii
Coiiteiits
Retei'ence and Adiiiinisti'alive Details
I to2
Ti'ustees, Report
3108
Stateinenl ot Ti'uslees, Responsibilities
Independent Auditoi's, Repoi'l
Ioto 13
Staleinenl of Financi81 Activities
14
Balance Sheet
15
Staleinent of Casli flows
16
Notes to tlie Financial Siateiiienls
17 10 31

Tlie Chiilese Ovel'seas CRJi'istiAn Mission
Refei'ence and Adiniiiisti'ative Details
Ti'usteeslDii'eetors
Revd Slew 14uat Oi)g {resigned 31 Decenibei. 2024)
Di. Wesley Lai
Janies Lo (I'esigned 31 Decembei. 2024)
l<eith Lau {appoinled 7 Mai'cli 2025)
Dr Yeng Slioing Ang (appointed 7 Mai'cl) 2025)
Couiicil
Revd Sieiv Hiial Ong.. Chaii'man of COLiciI {I'esigned 31 Deeeinbei. 2024)
Di. Wesley Lai, Vice-cliairinan ot council
Jaiiies Lo, Ti-easui'ei. of council (I'esigned 31 Deceinbei. 2024)
Jin Li, Council iiieinbei.
Cai-liiei) Ng. Council Ineinber
Keith Lau, Couiicil Ineiiibei.
Rachel Li, Council iiiei)Ibei'
Mai'lin Choi, Council n)enibei'
Di. Yeng Shiong Ang, Coui)cil niember
Pi'iiicipal Office
2 Padstow Avenue
Fi51iei'inead
Milton Ke}ynes
Buckingliamsliire
MK6 2ES
Conipany Registi'ation Nuiiiber
07106567
Chai'ity Registi'ation Nun)ber
1135892
Page I

Tl)e Cliinese Ovej'seas Cl)i'istian Mission
Reference aiid Admii)istt'ative Details
Solieitoi's
Ellis-Fei'moi' L Negus Liniited
2 Devonshii'e A veiJuc
Bccstoi)
Noltinghain
Notliiigliamsliii'e
NG9 IBS
Banliei's
CAF Bank
25 Kings Hill Avenue
Kings Hill
Wesl Malling
Kent
ME19 4JQ
HSBC
Milton Keynes Midsunimer Place Bi'ancli
Midsuminei. Place
19 Midsiiinniei. BoLilevai'd
Milton lQeynes
BucLinghaiiishii'e
M1<9 3GB
HSBC
Ealing Bi'oadway Bl'anch
46 Tl)e Broadivay
LONDON
W5 5JR
Flagstone Gioup Liinited
Clai'eville House, 26-27 Oxendon Sti'eet
London
SWIY4EL
Seiiior Maiiageiiient Team
Heniy Tsz Fung Lu, Genei'al dii'eeLOI'
Revd Kaiii Hung Flo, Dii'e¢loi' of adininislration
Rebecca Mao, Dii-ectoi. of meiiibei. ¢are
Candy Zliang
Auditoi.
Micl)ael J Emery & Co Liiniled
22 Si. John Street
Neivpoi'l Pagi)ell
Buckinghaiiisliii'e
MK16 8HJ
Page 2

Tlie Chiiiese Ovei'seas Christian Mission
Ti"ustees' Rei)oi't
Tl)e Ii'ustees, Ivl)o al'e dii'ectoi's foi. Ilie pui'poses of coiiipany law, pi'esent tl)e ai)nual I'epoi'l logeiliei. il'iil) the
financial slalenients and aiidilois, I'epoi't of the chai'itable coiiipany loi. tlie yeai. ended 31 Deceii)bei- 2024.
Objectives ayid ￿etIvItieS
ObjÉcls ttliiis
Tlie Mission's objectives al'e as folloivs'.-
To pi'eacli Ilie Gospel ofJesus Chi'ist i)I'iinai-ily to people of Cliinese eilii)ic oi'igiii in Gi'eat Bi'ilaii) ai)d Eui'ope.
To establish and tostei. sell-_supporting groLlPS of Cliinese Clii'istians in Gi'eal Britain and Eiii-ope.
To encourage Inutual fello¥vships and co-opei'alion ainongst the Chinese Cl)I'istians in Great Bi'itain and Eui'ope.
To encoui'age mutual felloivships and eo-operalion with the local Evangelical churches, societies and agencies in
ministei'ing lo the needs ot Ihc Cl)inese people.
To encoui?ge Inutual fellowsl)ips and co-opei'ation in the task of woi-ld evangelisation aiid bliilding up (he Unive13al
Cliui'ch.
To pi'epai'e and equip Cl)inese Clirislians to sei've God in theii. counti'ies ofi'esidence.
Objeclives, slrulegies lliiil nelivlties
The pi'incipal activity ol the Mission is that of spreading tlie Clirislian Gospel, thi'ougl) evangelisin, pi-iinarily to
people ol'cliinese ethnic oi'igin, especially in Gi'eal Bi'ilain and Euiope. The Mission lias a specific I'ole in pi-oviding
ti'aining and litei?tui-e toi. this ivoi'k.
Piiblie beiiefil
Tlie objectives ot pi'eacliing tl)e gospel of Jesus Clirist ai)d leacl)ing the doeti'ines of the Clii'istian religion al'e mel in
the evangelistic, teaching and ti'aining minisliy of the slaft. teain. Tlie team is UK based, bul one couple is based in
Fi'ance and one couple is based in Ilie Ii'eland. Man)1 contei'ences and tl-<iinii)g events al'e lield at the Mission Centre
in Milton Keynes as well as in local chur¢lies, and the Mission also pioi)iotes Chi'islian confei'ences in conjui)etion
viih gi'oups di'awn fi'om Cliinese chui'ches. Tl)e Mission lias a book I'ooin (accessible online too) to niake available
Bibles ai)d Cl)risliaii lilei-ature, and publisl)es online 11)agazines foi. tlie Chii)ese con)iiiunity. Additionally, Ilie
Mission woi'ks with local gioups ot" Chinese Chi'istians iii the eslablishnient and developiiient of sell-. suppoi'ling
cliui'clies.
Tl)e ti-ustees contiriii that they l)ave con)plied iviili the I'equii'en)enls ol. sectioii 17 ot- Il)e Cliai'ilies Act 201 I to have
due I'egai'd lo the public benetit guidance published by the Cl)ai'it)' Comiiiission foi. England Miid Wales.
Use of110114111eers
Tlie cliai'ity bci)efils subslanlially troin unpaid volunleei's ivlio eonti'ibule to its objectives. Tl)e valiie ot theii. help
caniiot be quantified by the Ii'uslees.
Page 3

The Cliinese Ovei'seas Cliristiaii Mission
Ti'ustees, RepoR't
Aehieveineiits and perforinaiice
Tl)e Mission seeks to aeliieve ils objectives by pi'imai'il), tocussing its woi'k 01) tl)e ai'eas defined by its Visioi)
Mission and Sti'ategic Plan. Tl)e cui'rent plan ivas adopted and biought into ellecl eai'ly in 2020. Tlie Mission
continues to liaiye tlie tlii'eefold purposes of evai)gelisin, equipping, and encoui'agemenl. Tlie plan sets out in bi'oad
leriiis tlie objectiiies ciii'i'enily envisaged.
Groivili....iiiiil iiiore gioivili
Tl)e most sigi)iti¢ant teatures ot-2024 ii'ei'e-.
Tlie infloiv of iininigrnnts iviih BNO status lo Ilie UK fi'oni 14ong Kong continued tor anotliei. yeai., altliougl) Ilie
nun)bei' miglil not be as many as pi'evioiis yeai's. Many ot tliese iniinigi'anls al-e Clii'islians iwho attended ¢l)ui'ches
back in Hong Kong. In I'espoiise to this gi'eat Inission we l)ave continued lo I'e¢i'uil Inoi-e Inissionai'y staff to cope
Ivitli tl)e challei)ge. Many of tlie staff i'eci'uited ivei'c Iheniseliies i-ecent iiiimig17nts fiom Hong Kong. Ai'ound the UK
aliiiost evel'y local Cliinese cliui'ch lias been iiiipa¢ted by Il)e new ai'i'ivals. In soiiie locations Ihei'e ivei'e a significant
nunibei- of imniigi'anls attending local English speaking cliui'ches. On top of that, Il)ei'e ivei'e niany neiv cliui'chcs
eslablislied especially toi. Il)e Cantonese speaking gi-oup.
The niimber of Mandai'in speaking sludent ai'rivals from China was slightly less than in previous yeai's, bul still
foi'nied one of Ilie majoi. iiilei'nalional student groups in UK uiiivei'silies.
Tl)e developn)ent ot COCM'S ci'oss-cultui'al teain woi'Ling amoiig othei. n)igi'ant gi'oups li) tl)e UK, espe¢ially Iliose
Ivho al'e not yel Chi'istians.
Tl)e eoi)tinued ministiy among Ilie next genei'alion of Cliii)ese wlio ivei'e boi'n and raised in the UK, in line iviih
COCM'S long tci'm vision of "Reacl)ing the Chinese to reach Europe"
The coi)tinued effo11 to develop the COCM Ti'aining Cenli'e facility and promoting theological training in
P<ll'lnei'ship ¥viih tl)e Canadian Chinese School of Theology. Soine 11)atei'ials and coui'ses ivei'e being developed
locally. We have seen an inci'ease in Clii-istians ivlio al'e intei-ested in eni'olliiig on Ilie theological training coui'ses.
At tlie year eiid the Mission liad 70 statl and 30 voliinteeis (inelLiding associates).
Youth Ininisti'y oppoi'lunilies - Ivith Inoi'e young people coming fi-on) Hong Kong, and the conlinued oppoi'lunity lo
suppoi't Ilie existing Eiiglisli speakii)g yout]i woi'k, Il)ei'e is tl)e iieed to i-etliink suppoit for el)urches in youth
Ininisti'y.
Chui'¢li planting-. diiring Ilie yeai. COCM lielped co-ordinate Il)e planting of iieiv Cliinese chui'cl)es in Glasgow,
Bi'istol, Nottinghain and London, and Il)I'ough pai'tnerships and placeinenls is suppoi'ting tlie gi.0￿¢11 and
revilalisation of other local Cl)inese felloivsliips and chui'ches.
COCMpnrCiiersliip&
With UIC Cliinese churclie5 - suppoiling the el)ui'ches thi'ough sending stall to seive in Iheii. tnidst.
Foi. Tlieological ti'aining: Th'ill) Ihe Canadian Cl)inese Sel)ool of Theology.
Witli Alliaiice Bible Sen)iiiaiy in providing financial suppoi'l lo the Cl)inese Cliurclies in tlie UK.
Page 4

Tlle Cliinese Overseas Clii'istian Mission
Trustees, RepoR't
Tli£ COCM Ceiilre
Sii)ce 2003, COCM l)as opei'aled Ii'oiii Ilie Missioii Ccnli'e in Milton Ke}Ine5. Tlie developiiieiit of tliis ceiili'e has
been a sti'ategic 511ccess and it continues lo underpin Inucl) of oiii. woi-k. 'fhe Cenli'e enables low- cost evangelistic
cainps loi. young people ai)d sludeiils lo suppleinenl tlie ivoi'k in tlie regioiis cai'i'ied out by COCM stalt and otliers.
Contei-cnce and Ii'aining Ininisti'y work continues. Tlie Ceiili'e is also used by Chii)ese ¢l)ui'ches aiid oilier
oi'ganisations toi. coiifei'enees and I'eti'eats.
Truiiiiiig iiiid iioliiiileers
Tlie Mission eontiniies to look toi. I'ecent Bible Colleoe gi'adu8tes Il)at air suitable to serve on the Mission teaiii.
Tl)e Mission Cei)Ire volunteei. pi-ogi'ainme (since 2011) bi'ings in volunteei's lo tlie Mission Cenli'e lo support tlie
Centre slalT in pi?ctical uroi'k as well as expei'iencing pei'sonal and spii'itual foi'inatioii thi'ough beii)g pai'l ot tlie
Conimunity thei'e. Foi. some Il)is has been a lirsl slep lo applying toi. fui'ilier Ii'aining to join Ilie COCM slaft teani.
The Missioi)ary in Pi'epai'atioi) scheme (slai'led in 2013) continues. This enables pi'omising students to I'eeeive
sponsoi'sliip and lielp. 'I'hese are Bible and Theological College students H'ho Inay in tlie neai. fului'e joiii Il)e stall
teaiii. They spend placeineiit and vacation pei'iods ￿11th COCM staff as Ilieii- siipci'visoi's / meiiloi's diii'ing their yeai's
of study. Most of tliose on Ilie MIP .8cheine go on lo become a COCM missionai'y iipon coiiiplelion of their sliidies.
Coiiipliiiiice aiid Regiilulorji iiiiillers
Tlie Council ai)d leade13hip teaii) bear in i))ind coiiipliancc with I'egulaloi'y I'equii-eiiiei)Is. The sateguai'ding policy is
lully 01)ei'alive and Iliere wei'e no sei'ioLlS incident repoi'ls in 2024. Tliei'e is safegiiai'ding ti'aining t"oi' all staff.
Page 5

Tlie Chinese Overseas Clii'istian Mission
Ti'ustees, Repoi.
i inaiicial i'evieiv
Incon)ing resources inci'eased to £2,950,056 fi'om £2,742,763, di'iven iiiainly by an inci'ease in inlei'esl I'eceived on
bank deposits and incoiiie genei'ated Ii'oii) caini)s and confei'ences. This l)as conti-ibuted toivai'ds an aniiual sui'plus of
£142,752.
Al 31 Decembei. 2024 lolal funds stood at £5,802,812, of which £81,456 al'e I'esli'i¢led tLinds.Delails of separate
I'esti'icted fiinds al'e given in note 22 to tlie financial statenients.
Tl)e Ii'uslees ait i))iiidful that £3,663,947 of uni'esti'ieted lui)ds is I'epi'eseiited by Ilie Mission's ti'eeliold propei'lies in
Milton Keynes. These al'e iiol liquid fuiids and al'e centi'al to tlie Mission's actiiiities - piovidii)g an opei-ating base
and oiiti'each centi'e.
Policji oil i'eserves
Tl)e Mission conliniies lo liaiie a I'eqiiii'einent of a Ininimuin casli I'esei've of £500,000, in addition to tlie fixed assets
o( the Mission. The curi'enl miiiiii)un) Ivas eslablisl)ed in 2013 and is regLilarly I'evieived by Ilie Ii'uslees and Council.
Key factoi's are { i ) Ilie tact thal as a pi'opoilion of the iiiission's budget it is sinallei. I'elative to tlie size of thc mission
than it M'as originally and (2) tlie t.acl Iliat a significant portion of Ilie Mission's inconie is froin oveiseas, and tl)is has
soiiie inliei'eiil I'isk.
Priiieipnlfiiiiiliiig soiirees
Pi'iinai'ily tiindiiig Conies ti'oin ii)dividiials and el)ui'clies ii) Inany couiili'ies ivho al'e lin synipaih)J iviili the aims of
tl)e Mission. Only small ainounts of funding coiiie fiom the sale of books and inveslmeiit iiicome derived fioin Il)e
resei've deposit accounts. No fundraising activities fi'om Il)e general public al'e undei'laken.
Iiivesliiieiitpolicy iiiid objectives
The i)oli¢y of the Mission is oenei'ally to take a conservaliiie view ot I'isk, and accordingly investi))ent of tlie
Mission's I'esei'ves and any sui-plus incoii)e acci'uing fi'oin titne lo tiiiie 15 initially Inade in deposil accounts thiiih
banks otlei'ing a¢¢ounls lo Ilie cl)ai'ilable sector. More re¢ei)Ily, a suiii lias been placed in a cliai-ity iiiveslinent
account with Flagstone to facilitate interest beai'ing deposits across a range ot. bai)ks. Incoine ti'oin such accounts is
then used foi. Ilie charitable piirposes of the Mission.
Plaiis foi. future periods
Aiiiis Iiiiil key obJeelive&forfiiliii'e perloils
l. The continued opei'ation of the sti'ateoic plan refei'red to above.
2. BNO Cliinese iniiiiigi'ation fi'oin Hong Kong is substantially clianging tl)e I'csident Cl)inese eomi))ui)ily ii) Il)e UK.
Tlie Council and Leadership teams al'e watching fviui'e developments which iiiay pi'ovide nem, opportunities foi.
COCM in UK.
3. Tl)e I'etreshi))enl of eouncil men)bership
meiiibei's step down.
n)oi'e ivill need lo be I'eci'uiled in 2025 and 2026 as long-sei'ving
Page 6

Tlie Cliinese Overseas Cllristian MKSSIOII
Ti'ustees, RepoR't
Sti'uetui'e> govei'iiftiice Aiid iiiaiiAgeiiieiit
Nnliii'e ofgov£riiiiig élociiiiieiil
Tlie Mission is conli'olled by a Council whicli opei'ales undei. the Carvel- iiieiliod of govei'nance, and is eslablisl)ed as
a coi)Ipai)y limited by guai'aiilee, as detined by Ilie Conipaiiics Act 2006.
Recriiiliiieiil ciii(l iiljpoiiilipteiil of Iriiscees
Reci'uiliiient and appoinlinenl al'e deali with in accoi'dance iiiiih Ilie Ai'tieles ol'Associalion.
Jiicliielioii niicl irfiiiiiiig of li'iisiÉes
Soine incon)ing ti'ustees already have eypei'ience as chai'ity ti'uslees, bul all al'e reminded ot Iheii. duties iii their
iiiembei'ship of the coinpllny and council.
A Tiaiigeiiieiilsfoi. selliiig key ijilliiiigeiiieiilpeisoiiiiel i'eiiiiiiieiiilioii
Tl)e cl)arily benefits fi-oni havii)g a stable senioi. staff team, the Inenibei's of ivhich iiiork tii'elessly lo advance Il)e
objectives of COCM. Theii- i-eniuneilltion is by I'efei'eiiee lo the I'emunei'alion policy foi. all staff Ineinbei's. That
policy is based on the nalioi)al teacl)er's pay scale toi. Englaiid, Ivitli inci'emenlal inci'eases for lengili ot seivice, and
aiinual I'eviews foi- inflation. This policy seeks to niake fail. pi'ovision foi. the charity's statf, bul I'cmunei'ation is not
set iiiitl) a view lo Inalching the 'markel l'ate" foi. staft in con)pai'able positions in oiliei. chai'ilies. The cliai'ity does
not I'egai'd itself as coinpeting foi- tl)e sei'vices of such people, and Il)e scales adopted do nol piDvide a laige
diflei'ential betThieen senioi. and junioi. staff.
Oiguiiisiilioiicil sli'iieiiire
The Mission is based and I'egistei'ed in the UK. Its Council {of which the comi)any dii'ectoi's al'e ex officio Inenibei's)
sets the policies and appi'oves the bi'oad strategy of Ilie Mission. The Council adopted the Cai'ver i)ieiliod of
goveri)an¢e sonie yeai-s ago, and undei. this sets liinilalion policies lo guide tlie Genei'al Direcloi. and stall team as
they iii)pleinent the agreed strategy. The Genei'al Dii-ectoi. tl)en I'epoi'ls lo Council in line iviili the sti'ateg)w and the
policies sel b), Coiincil. Tliese policies wei'e last I'evieived and an)ended in 2015 and al'e kept iindei. I'eview in the
ligl)t of opei'alioi)al needs. The Ti'uslees i.e. Cliaii'man, Vice Cliaii'mai), Secretary and Treasui'ei., al'e tlie dii'eetoi's of
the Company, dealing ivith I'egulatory Iiiattei's, operating as a team betiveen Council Ineelii)gs, and pi'oviding a
fui'il)er link beliveen the Genei'al Dii'ecloi. and seiiioi. statl".
The cliai'ity lias for Inany yeai's benefitted iinmensely from having repi'esentation in otl)ei' coui)Ii-ies. This lakes the
foi-ii) of loeally I'egislered and self-goiieriiiiig coiiipanies iii Hong Kong. Malaysia and Il)e USA wliicli al'e
a¢couiilable lo the I'egulatoi'y authoi-ilies in those counli'ies. In oiliei. counti'ies sucli as Singapoi'e and Canada there
al'e individual suppoi'lei's ii'lio iyolunlarily encoiii'age people to suppoi'l the H'oi'k ot COCM. None ot tlie Inissionaiy
Ivoi'k of COCM is cai'i-ied out in tl)ose locations. I'l)e purpose of the local boai'ds is to act as pai'li)ei's to COCM
tlii'ough Il)eii' pi'oiiision of suppoil and encoiii'aueiiient foi. tiie ivork ot- COCM and lo assist in the i'eci'uitsi)enl and
suppoit ot suitable staff. Thi'ough Il)ese parlnei'sl)ips, Cl)I'istians in these oihei. counti'ies al'e enabled lo expi'ess tlieir
coini)iitn)ent lo the vision of COCM foi. Ineeting the spii'ilual needs of Il)e Chinese people in tl)e UK and Eui'ope.
Risk iiiiiiiiigei?iepil
Tl)e Council lias a duly lo identify and I'eview tlie I'isks ¥vhich Iiiay affect the Mission and lo piit in place conti'ols to
Iiiinii)iise i-isL and to piovide I'easonable assui'ance Iliat fi2ud and ei'i'or al'e tlliiiimised and to i)ote and iniplement
advice I'eceived froiii the auditoi's.
Page 7

lTht (Thlnt.It ()1 erneai (.'li rlill,In li I11111)n
l-niileei, 11 epnrl
FfinAndil Inilrnmtnl.I
IPhJeeiliY¥ onApnllelrA
The Chtrrity's icli%iiie8 il 10 a number of fin2n¢iAI iisks including ¢redil iiik, eiili floiv riyk nnd Iiiiiiidity
Cniliflniv rilk
A signifi¢anl prorrt)rtion of Ihe ¢harity's intome ts derived from ONeiseas and 1$ r¢¢eived in for¢iLn ctiricn¢i¢s.
exposing the charity's cash lo the risk of exchange rale flu¢lualions and any oversells economic andlor
political inslability.
Th¢ ch8rity a conseTr8tive policy oil reseTr'es and at the ba]2nce sheet dale Iield £1.757.806 in liquid cosli
TcseTv¢5 Ihal can be acce￿ed lo meet lh¢ iTnmedial¢ ¢&sh tlow requirements of the charity.
Credli rhk
Tht ¢harity's prin¢ipal fin&n¢ial ￿ets are bank balances and wli. and trode and other ieceivabl¢s.
The charity's credit risk is prinwily attributsble 10 its trade receivabl￿. The amounts presented in th¢ balance sheet
are net of olloWan￿ for doublful Teccivables. An allO￿nCe for impairment is made there there is an identified
loss event thich, b&sed on previous experience, is ¢viden¢¢ of a reduction in the recoverability of the wh flow
The ¢redi¢ risk on liquid funds and d¢rivauve financial inslrum¢nls is limxted beCa￿e the counlerpanies ore b2nks
Mryth high cTedil.ratings assigned by inlemational credil-rating ogen¢ies.
Th¢ charity lias Jio significant con¢entration of credit risk. with exposure spr¢ad over a large number of
counterparties and customers.
Liqiiiilify risk
The diwity lldequate fwids available to cover ongoing opeiations and any ￿tUre activities and does not eurTenlly
require any overdraft, loan fa¢ilities or debt finan¢¢ to maintiin Ikquidity.
Disclosure of information lo auditor
Eadj trustee has taken steps ihat they oiioJt lo have taken as a twslee in order to make themselves avpare of any
relevant oudit infonnation and to establish thai ￿le Charity's audilor is I￿￿e of that infomiation. The truslees
confirni that tliere is no Id¢vant infomiation diat they know of and of thicli ￿leY kno￿, the auditor is unawJTe.
21
The ojmual report was approved by the Iruslees of Ilie charity un ....... .. .
. and signed on its behalf by..
Dr Yeng Shoin
TTUStee
Pase 8

.qIAtttftt*t of T rniit¢*' R¢ipdniihilifi¢1
.,1 A¢¢¢.I'.I;-,I,,I fr.i jli Allil ariilii.?hl¢ liiv.lnil
riJinpJiii ltyH' Ipgiiiyr￿￿ IriV**< itp r", Trt..:
iiiir.I Iilrt MIlFvrr.':
I f.Y tAkh fi*AfiKj.Il )e.Ir I lrtill'f ¢iini51.qiiy lili Ill
--I,g rewirco .iftd arpli¢aiion v.f re<viiriei irteliiilinbi Il)
ryen',s. lh• IntsttL*S ore r¢fjiiifthl li)
ihC*.Irrw pnd cr.p¢*nJiltJp•
r.nlyl $uil?blp Ècryjtrlin
In3L"e 8nd erfirroifvs ft*C112ble and pf￿1￿nt.
sfjle ?ppliubl: UK A(Co￿lIng S13ndar&s h3%'e ken follo￿td. -wbject kn any m.Iliiriil dep.irfiii¢s
div£lniTrd #nd explain•d in th. fin2n¢ial stitèrMts, and
prcpare Ihe financial ￿tern￿nts on the going concern b￿15 unless il is inappropriaie K) prcsumi Iliii die
charilable company will Contin￿ in business
The 1rn51ees are regponsible for ketping adequ21e gec(Junting re(OTds thJl are sufficiei)I lo shoiv and explain Ilie
chaiililble compan￿$ IranvddftotLS and disclose Mith reasonable accuTa¢y At Dny lime tlie fin2ncio1 posilion of the
chnriiHblc company Rnd enable them to ensure that the financial statements comply i%ith Ihe Comprynif5 A¢1 2006.
Thry ore also reqporllible for Safeguarding the 855¢ts of th¢ Charitable company ond henc¢ for lllking rei%onable
sl¢PS for lh¢ prevenlion and dete¢tton of fraud 2nd other irresularities.
AppTov¢d bythc lrngleesof the charity on.......
. and signd on ils behalf by..
Dr Yeng Shoin8 Ang
Trusltt
Page 9

The Cliinese Ovei'seas Clii'lstiaii Mission
Iiidependeiit Auditoi s Repoj't to tlie Meinbei's of Tlie Clliiiese Ovei'seas Clii'istiaii Missioii
Oi)iiiioii
We liave audited tl)e financial slaleiiieiits of Tlie Cliinese Ovei'seas Clii'istiaii Mission (tlie 'cliai'ity') toi. tlie yeai.
ended 31 Deceiiibei. 2024, M,liich LOtI)prise Il)e Slaleii)ent ol. Finaiicial Activities, Balaiiee Sheet, Stateiiient of Casli
Floivs, and Notes to the financial Statcinei)Is, incliiding a suininaiy of .signifieanl accounting policies. Tlie tinancial
I'epoiting fi'ainelljoi'k tliat lias been applied in Iheii. pi'epai'atioii is United Kingdoi)) Accountiiig Siandai'ds,
conipi'ising Cliai'ities SORP - FRS 102 'Tlie Financial Rcpoi'ling Siandai'd applicable in tl)e UK and Repiiblic of
Ireland, and applicable laiv {United Kingdom Geiiei'ally Accepted Accounliiig Pi?ctice).
In out. opii)ion Il)e fiiiancial statenieiils..
give a ti'ue and tail. vieiv of tl)e slate ol. Ilie chai'it> s affaiis as at 31 Deccmbei. 2024 and of its results foi. the yeai.
then ended.
liave been pi'opei'ly prepai'ed in accoi'dancc iviili Uiiiled Kingdoi)i Generally Accepted Accounting Pi'aclice; ai)d
liave beei) pi'epared in accordai)ce iviih tlie requii'enients of tlie Cun)paiiies Act 2006.
Basis foi. opinioii
We condiicted oiii. audit in accordance iviih Intei'national Siandai'ds on Auditing (UK) (ISAS (UK)) and applieable
law. Oui. I'esponsibililies under those slandai'ds are fui'il)ei' descl'ibed in tl)e Auditoi s I'esponsibilities foi. the audil of
the finai)cial statements section ol. oui. repoi't. We are ii)dependeiil ol- the ¢liai'ily in aecordai)¢e witli Ilie ethical
I'equii'eiiients that al'e I'elevanl lo oui. audit ot tlie financial slaleiiient5 ill the UK, iiicluding Il)e FRC'S Etliical
Standai'd, and Ive have tiilfilled oiii. oil)ei' etliical responsibilities in accordance with these I'eqiiii'eii)ents. We belieije
Il)at the audit evideiice The liave obtaii)ed is sufficient and appi'opi'iale to pi'ovide a basis foi- oui. opinion.
Conelusioiis relatiiig to going coneerii
We have notliing to I'epoi'l in I'espect of Il)e folloiving iiiatters in I'elalion to wliieh Ilie ISAS (UK) requii'e us to repoi't
to )'ou ivliei-e..
the ti'ustees use of Ilie going concei'n basis of accounting in tl)e pi'epai'ation of ihe financial statenienls is not
appi'opi'iale; 01-
the trustees liave not disclosed in tlie finan¢ial slateineiils ai)y identified malei'ial uncei'tainties Il)al niay cast
signiticant doubt about the cliai'ity's ability to coiitii)ue lo adopt the going concei'n basis ot accounting t-or a
period ot.al least twelve monilis ti'om tlie dale ivlien the lii)ai)cial stateineiits are auilioi'ised tor issue.
Otliei. ii)foi'iiiatioii
Tlie ti'ustees al'e respoiisible foi- Il)e oil)ei' iiitoi-ii)ation. Tlie otliei. ii)foriiialion coinpi'ises Il)e infoi'inalion ii)cluded in
the annual I'epoi'l, ot]iei' than the financial slaleinents and oiii. audiloi s i-epoi'l Ihereoii. Oui. opinion on Ilie financial
statetnenls does not covei. Ilie oil)ei' inloi'malion aiid, except to the extent otliei'ivisc eipliciily stated in oui. I'ei)oi'l, Ive
do not expi'ess any toi'ni of assurance conclusion tliereon.
Page 10

Tlie Chinese Overseas Clii'istiaii Mission
liidependeiit Auditoj s Repoi't to tlie Mejiibers of Tlie Cliijiese Ovei'seas Cliristiaii Missioii
In connection willi oiii. audil of the financial .slateiiieiils, oui. I'espoiisibilily is lu l'ead ilie oiliei- infoi'iiiation and, in
doing so, considei. wlieihei. Il)e oihei. infoi'n]ation is Inalei'ially inconsislenl iviili the tinancidl slaleii)enls oi. oiii.
Lnoivledge obiaiiied in tlie audit oi. oiliei'ivise appcai's lo be n)alei'ially iiiisslated. It ive ideiitify SULI) i))alei'ial
iiiconsislencies oi. appai'ent iiiatei'ial 11)isslatei))enls, li'e al'e I'equii'ed lo delei'niine ￿,1]ethe1. there is a iiiatei'ial
Inisslateinenl in tlie linaiicial slaleinenls oi. a illatei'ial Inisslaleiiient of tlie oihei. inloi'ination. It, based 01) the ivoi'k
ve liavc pei'foi'med, we concludc Ihdl ihere is a i))atei'ial iiiisslatei))enl of tl)is otliei- infoi'tllation, we al'e I'equii'ed lo
I'eporl that fact.
We liave noil)ing lo I'epoi'L in Iliis I'egard.
Opinion oil otliei. InAttei's pi-esti'ibed by Ilie Coiiipaiiies Aet 2006
In OLlI- opiiiion, based on tlie woi'k Lindei'laken in tlie coui-se of Ilie audil:
tlie infoi'malioii given iii tlie Ti-ustees, Repoi'l toi. tlie tinancial year foi. wliich the financial slalements are
pi'epai'ed is Consistent witli the fii)ancial slateinenls. and
the Truslees, Repoi'l has been pi'epai'ed in accoi'dance iviil) applicable legal I'equii'einents.
Mattels on ivhielh we al'e I'equii'ed to i-epoi't by exeeptioii
In Il)e liglit of oui. knowledge and undei'standing of tl)e company and ils enviionnient obtained in tlie ¢ouise of tl)e
audit, we liave not idcnlilied ii)alei'ial Inisstatcinenls in the Trustees, Repoi'l.
We l)aiie nothing to I'eport li) respect ol'tl)e following mallei's wliere tlie Compai)ies Act 2006 l'cquii'es us to I'epoi't to
you if, in our opinion..
deqiiate aecounling I'ecoi'ds have not been kept, oi. I'etui'ns adequate foi. our audit liave iiot been I'eceived froin
bi'ancl)es not visited by us; oi.
the fii)aiicial slalenients are not it) agi'eenient with the accoui)ling I'ecoi'ds and relui'ns. or
cei'taiii disclosui'es of ti'ustees I'eii)unei'alion specified by law are not iiiade- oi.
ve have not I'eeeived all Ilie intoi'nialion and explanations ive I'equii'e foi. our audit.
Respoiisibilities of ti'ustee5
As explained more fiilly ii) tlie Sialeinent ol. Ti'ustees, Responsibilities {sel out on page 9), Ilie Iruslees al'e
I'esponsiblc foi. the pi'ei)ai-ation of the tinan¢ial slatei))ents and loi. being satisfied that tliey give a Ii'ue and fail. vieiv,
and foi. siich intei'nal coiili'ol as the ti'ustees delei'mine is necessai'y lo enable Ilie pi'epai-ation or financial staleiiienls
tlillt al'e free troni Inatei'ial iiiisslaiemeiil, whetl)ei' diie to li'aud oi. eii'oi..
Jn pi'epai-iiig Il)e financial stateiiients. the Ii'uslees al'e I'esponsible foi. assessino the cliai'ilji's ability lo continue as a
going concei'n, disclosing, as applicable, niattei's I'elated to going concei'n and using the going eoncei'n basis of
accounting ui)less tlie ti'usLec5 either intend lo liquidate ilie cliai'ity 01- to cease opeialioi)s, oi. have no I'ealislic
aliei'native but lo do so.
Page 11

Tlie Cliinese Ovei'seas Clii'istiaji Mission
Independent Auditoi s Rei)oi't to tlie Meinbei's of Tlje Cliiiiese Ovei'seas ChR'iStiaii Missioii
Auditoi's responsibilities for tlie Auilit of tlie finAiieiAI stateiiients
Oui- objectives al'e lo obtain I'easonable assui'ance abouL ivlietliei. tlie financial statements as a whole are fl'ee fi'oi)I
Inalerial ii)isstatenienl, wlieihci. due lo fi'aud oi. ei'roi., and lo issue an auditor's I'ei)oi'l tlial iiicludes our opinion.
Reasonable assurance is a liigli level ot assurance, but is not a guai'antee Iliat an audit conducted iii accoi'dance iviili
ISAS {UK) will always detect a malei'ial Inisstateiiieiit wl)eii it exisls. Misslatemeiils can ai'ise fi'oiii fi'aud oi. ei-l'oi.
and al'e coiisidei'cd Inaterial it, individually oi. in the aggi'egate, they ¢oiild I'easonably be expected to intluence the
econoinic decisions of usei's taken on Ilie basis of these financial stateinenls.
Material misstaleinei)Is ai'ising fi'oni iii'eglilai-ilies, including Ii'aiid, can be ditticult to dctccl by Iheii. iieiy natui'e.
As pai-l of the aiidit planning pioeess tlie engagenient team specitically disciissed the i-isk of matei'ial niisst<1tement
ai-isiiig fi'om ii'i'egulai'ities, including fraud. Tliis involved a I'evieiv ot tlie social and geooi'apliical tei-i'itories iii whicli
tlie chai'ity opei'ates, as well as discussions Hiith the chai'ity's ti'uslees, in oi'dei. to gail) ai) undei'standing ot Ilie lalvs
and i'egLilalions that are relevant to the entity.
Work thias cai'ried out lo identify eiiidence of any non-complianee with laws and I'egulations inclLiding discussions
Ivitli ti'ustees, a I'eview ot coi'i-espondence ai)d iniioices tioii) tl)e cl)ai'ily's solicitoi's, and general intei-nel seai'ches for
aiiy iiews articles which include Ilie cliai'ity's naine. No evideiice of iion-¢onipliance Mras identified. Wi-itten
I'epi'esenlalioi)s were Lllso obtaincd froin tlie tt'iislees coiifirii)ing Iliat Iliey have no Lnomiledge of an)1 non-con)pliance
viili applicable laws and regulations.
Tlie engageinenl team have also undertaken a detailed I'evieiv ol- the charity's iiilei'nal conli'ol eniiii'oninenl to assess
it's ovei'all susceptibility lo li'aud. Tlie overall I'isk of tnisslateinent due lo fi'aud ivas assessed as loiv. Our substantive
audit piocedui-es wei'e tailoi'ed to 5pecifieally lai'get any identified ai'eas of inci'ea5ed risk.
The engagei))ent team conipi'ises individuals ivith coi)sidei'able audit eNpei'iei)ce. They are considei'ed to l)ave the
I'equisile lecl)nieal skills and entity specific ki)owledge lo tacililate detection ot niatei'ial misstatements ai-isii)g due lo
ii-l'egulai'ilies including Ii'aud.
As pai'l ot- an audit in accoi'daiiee with ISAS (UK), we exei'cise pi-ot"essional judgenienl and maintain pi'olessional
scepticism Ihiouglioiil tlie audit. We also..
Identity and asses5 tl)e risks of matei'ial Inisslalemenl ot Il)e Iiiiai)eial slalements, wlictliei. due to Ii'aud or ei'roi.,
design and pei'foi-iiJ audit proeedui'es I'esponsive to those I'isks, and obtain audit evideiice that is sulticienl and
appiopriate to pi'ovide a basis toi. our opinion. The I'isk of not delecling a Inatei'ial misslateinent I'esiilting fi'oin
fraud is l)iglier tlian foi. 01)e I'esuliing fi'om ei'i-oi., as fi'aud may involve collusion, loigei'y, intentional oii)issions,
misi'epi'esentatioi)s, oi. tlie ovei-l'ide of ii)tei'nal conti'ol.
Obtain an iindei'slanding of intei'nal conti'ol relevant lo the audit in order lo design aLidit pi'ocediii'es that al'e
appi'opi'iale in the cii'cumstances, bul not foi. tlie pui'pose of expi'essing an opinion on the effectiveness of Ilie
chai'ity's intei'nal coilti'ol.
EvalLiale Ilie ai)pi'opi'iatcness of accounting policies used and the I'easonableness of accounting eslimales and
I'elaled disclosui'es Inade by Il)e Ii'uslees.
Page 12

Tlie Cliiiiese Ovei'seas Clii-isliaii Mission
Iildependeiit Auditoi s Repoi't to tlie Melnbei's of Tlie Cliinese Ovei'seas Chi'istian Mission
Conclude on tlie aijpi'opi'ialeness of tl)e ti'ustees use of the going coiicei'ii basis of accoiinting aiid, based oli tlie
audit evidenLC obiained, ii,lietliei' ¢7 InatLrial iincei'lainty exists I'ell< ted to events 01- condilions that Inay casl
sigiiificanl doubt 011 tlie cliai'ily's ability to coi)lii)ue as a goiiig concei'n. Ir we conclude Il)at a Inatei'ial
uncei'tainly exists, Ive al'e I'equii'ed lo di'aw attention in oui. auditoi s I'epoi't to tl)c I'elaled disclosui-es in the
linancial statemeiits oi., il- such disclosiii'es <11-e inadequate, lo modity oui. opinioi). Oiii- coiicliisions al'e based oil
the audit evideiice obtained ui) lo the dale of oiii- auditoi s I'ei)oi'l. Hoivevei., futui'e events 01- conditions Inay
caiise the chai'ity to cease to conliniie as a going concei'n.
Evaluate Ilie ovei'all pi'esenlalion, sli'uclui'e and eoiilent of the tinancial slalemenls, ii)cludiiig ilie disclosures, and
rlictliei. Il)e tinancial statements Itpi'esenl the underlying Iransactioiis and events in a niai)nei' that ael)ieves fair
pi'esenlalion.
Obtain sutficient appi'opi'iate aiidil evidence I'eglll'ding the financial iiifoi'ii)alion of Ilie entitie5 or business
activities M'ithin the ¢S)ai'ity to eYpi'e5s an opinion on the financial slalements. We are I'esponsible foi. tl)e
direction, supeivision and pert-oi'mance of the chai'ity audit. We i-eiiiain solel), I'esponsible foi. oui. audit opinion.
We cominunicate ivitli those chai-ged Nviili govei'nance i-egai'ding, aiiiong otliei. tnatters, the planned scope and timing
of Ilie audit and sigi)ificanl audit Iindii)gs, including any significaiit deficiencies in intei'iial coiili'ol Il)at ive identify
dui'ing oui. audit.
Use of oui. i'eport
Tliis I'eporl is iiiade solel), to the ehai'itsble coinpany's ti'uslees, as a body, iii accordance iviili Chaptei- 3 of Parl 16 of
the Companies Act 2006. Oui. audit iiroi'k lias beeii undei'laLeii so il)al H'e miglit state lo Il)e ¢liarily's tl'ustees Iljose
Inattei's we al'e reqiiii'ed to state lo Iheiii in an audiloi s repoi'l and foi. no other pui'pose. To the lullest extent
pei-milted by lam,, we do not accept or assume responsibility lo anyone othei. tlian the chai'ilable company and ils
trustees as a body, foi. oui. audit work, foi. IIIIS I'epoi't, oi. foi. Ilie opinions ive l)ave fornied.
Michael
Foi. aiid
ACA
r Sialutory ALiditoi')
el J Emeiy & Co Liiniled, StatLltoiy Audiloi.
?2 Si. Jol)n Sii'eet
Newpoi'l Pagnell
Buckingl)ainsliii'e
MK16 8HJ
Date..
Page 13

Tlie Cljiiiese Ovei'seas Chi'istian Missioii
Statement of Fiiiaiicial Activities foi" tlie Ye%i' [4 nded 31 Deeembei. 2024
(Inclu(liiig Income and E4 xpendiliire Account aii(I Statement of Total Recogiiised Gaiiis aiid
Losses)
Uiii'esti'ieted
funds
Re5ti'icte(I
fuiids
TotAI
2024
Total
2023
Iyote
liicome a)Id Eiidoiviiients fi'oiii:
Donations ai)d legacies
Clicll'ltable acliiiilies
Ii)vesliiient incoii)e
2,286,203
587,747
72,359
3,747
2,289,950
587,747
72,359
2,247,572
454,875
40,316
Total Income
2,946,309
3,747
2,950,056
2,742,763
Expenditui'e on:
Chai'itable activities
2,797,910
9,394
2,807,304
2,527,80i
Total Exi)enditui'e
2,797,910
9,394
2,807,304
2,527,805
Net incomel(expenditui'e)
148,399
(5,647)
142,752
214,958
Net Iiiovement in funds
148,399
(5,647)
142,752
214,958
Recoiiciliatioii of funds
Total fui)ds brouglil foi'wai'd
5,572,957
87,103
5,660,060
5,445,102
Total tunds cai'i'ied forward
22
5,721,356
81,456
5,802,812
5,660,060
All of the chai'ity's activities dei'ive fi'om continLiing opei'ations dui'ing the above two pei'iods.
The funds breakdown for 2023 is shoivn in note 22.
Page 14

lht (Thlniyt ni trntJ.i ('l?rlillan li Iliilnn
(IIryF.ItrAiinn niiml?er: O I l Ofi467)
TIAIAnce.Siheet ai 21 31 Dtctmber 2n24
2n24
202J
riitd •vel¥
TRftb4ble Lt5tts
Cvrrrnl hjseli
14
3.682.(i18
3.679,707
15
16
17
47,465
388,570
.839.262
55,365
386,888
.6¥7.209
Dcbior%
Cash al banL' and in hand
2.275,297
2.129.162
Credilon: Amoiinls filline diie wiihin one year
18
(154.533
149,109
Ntl ciirrenl assels
2.190.764
1.980.353
Ntl ¥Jsel3
5.802.812
5.660.060
Funds ct(Ihe chArity:
Rtstricled funds
81.456
87.103
Unrestri¢led inctsme funds
Unrestricted f￿dS
5,721.356
5.572.957
Totsl funds
22
5.802.812
5,660.060
The finwiei21 st￿ements on pages 14 ￿ 31 wete approved by the tTU5teu. and a￿h0n$¢d for issue on .......
and sisned on their behalf by:
Dr Yeng Shoing kng
TnJsl¢e
PAge 15

The Chiiiese Overseas Clii'istiaii Missioii
Stateiiieiil of Casli Flows foi. tlie Yeai. Ei nded 31 Deceinbei. 2024
2024
2023
Note
Casli floivs fi'oiii 01)ei'xliiig activities
Net casli incoi))e
142,752
214,958
Adjustiiieiits to casli floivs fi'oyii iioyi-casli iteiiis
Depi'ecialion
Iiiveslmenl inconie
IPiofil)Iloss 011 disposal ot tangible tixed assets lield foi. tlie chai'ity's
own use
16,048
(72,359)
13,624
(40,316)
li,356)
81,085
188,266
Woi'kiiig cApital 2djustiiients
(Inci-easelldeci'ease in stocks
(Ii)ei'ease)Ideci'ease ii) debtors
Snci'easel(deci'ease) iii eredilors
7,900
(1,682)
5,424
(1,791)
{219,156)
171 143
Nel casl) tloivs from opei'aling activities
92,727
(103,824)
Casli floivs fi'oni investing activities
Intei'est I'eceivable and siniilar income
Pui'chase of tangible fixed assets
Disposal of tangible tixed assets
72,359
{18,389)
i,356
40,316
(36,506)
14
Nel casli tloivs fi'otn investing acliiiilies
59,326
3,810
Nel inci'ease/{decreasel in cash and casl) eqiiivalents
152,053
{100,014)
Casl) and casli equivaleiits al l JanLiary
Casl) and casli equivalents at 31 DeceiJ)bei'
1,687,209
1,787,223
1,839,262
1,687,209
All of tl)e cash flows al'e dei-ived fi'oin continuing opei'alions dui'iiig the above two pei'iods.
Page 16

The CIAinese Overseas Clii'istian Missioii
Notes to tlie Finaiicial Stateineilts foi. tlie Yeai. Ended 31 Decembei. 2024
I Cliai'ity statu5
The cl)ai'ity is a eliai'ity liniiled by guai'anlee and conscquenily does not l)ave sliai'e eapilal. Eacli ot- the Ii'ustees is
liable lo conti'ibule an aniouiit iiot cxeeeding £ l O toivai'ds the as5e15 of the charity in the event ot liquidation.
The addi-css of ils I'egistei'ed otfice is..
2 Padstoiv Avenue
Fisliei'inead
Milton Keynes
Buekingl)amshire
MK6 2ES
2 Accounting policies
Geiiei'al iiifoi'iiiAtioii
Tlie cl)ai'ity is established as a coiiipany liniited b), guarantee and was iiicoi'poi'ated in England and Wales.
Suinmai'y of sigliificant Accounting policies And key accounting estiiiiates
I'he princii)al accouiitiiig policies applied in the pi'epai'alion of these financial stateinents al'e set out below. Tliese
policies liave been consistently applied to all Ilie years pi'esenled, unless otliei'ivise slated.
Statement of compliance
The financial stateinenls liave been pi'epared in accoi'dance with Accoiinling and Reporting by Chai'ilies.. Stateinenl
ol- Recoinmended Pi-actice applicable to cliai-ities preparing Iheii. accounts iii aeeoi'dai)ce witl) tlie Financial
Repoitiiig Siai)dard applicable in the UK and Republic of Ii'eland {FRS 102) {elleclive l Januaiy 2015) - (Chai'ilies
SORP (FRS 1021), tlie Coiiipai)ies Act 2006 and the Cliai'ities Act 2011.
Basis of i)rei)arAtioii
Tlie Cliinese OveiEeas Chi-istian Mission meets the definition of a PLiblic benefit entity undei. FRS 102. Assets and
liabilities ai'c initially I'ecogi)ised at histoi'ical cost oi. transaction value unless othei'wise slated in t]ie I'elevant
accounting polic)w notes.
Goijig concerti
Tlie financial slaleii)ents have beei) pi'epai'ed on a going concei'n basis.
In tl)e assessnienl of tlie ti'ustees Ihei'e are no iiialei'ial uncertainties about tl)e ¢hai'ity's ability to continue as a going
concei'n. Tlie Ii-lislees Inake Iliis assessment in I'cspeel of a pei'iod of one yeai. fi'oin the date of appi'oval of Ilie
rsnancial Stateiiients.
Iiicoine kii)d eiidoiynients
All iiicome is I'ecogiiised once the cl)ai'ity lias entitlei))enl lo the incoiiie, it is piobable Il)at the incoiiie will be
I'ecciiied and the aniouiil ot the incoii)c receiiiable can be Ineasiii'ed I'eliably.
Page 17

Tlie Cliiiiese Overseas Clii'istian Mission
Notes to tlie fiinancial Statements foR' tlie Yeaj. li nded 31 Deceinbei. 2024
Doiiiilioiis niiij legiicies
Donations al'e Ircognised ivlien tl)c cliai'ily has been nolilied in ivi'iliiig of botli Ilie 11mount dnd seiileii)enl date. In
tlie event that a doiialion is subject to conditioiis tlial requii'e a level ol. pei.foi-11)aiice by Ilie cliai'ity befoi'c Il)e ehai'ily
15 entitled lo Il)e funds, tlie incoiiie is deferi'ed and not I'ecognised until eiiliei. tl)ose conditioi)s al'e fully niet, oi. tl)e
lulfiliiient ot those ¢onditions is 14,liolly iviiliii) Ilie coiili'ol of tlie cliarity and il is piobable tliat these coi)dilions ivill
be tultilled in the I'epoi'tii)g pei'iod.
Gifls iii kiiid
Gilts in Liiid al'e recognised as incoiiie ivhei) Ilie cliai'ity lias conti'ol oiiei. Il)e item, any eonditions associated iviili tlie
donated iteii) have been iiiet, and thc I'eceipt ot-econoinic benefit fi'oin Il)e use of tlie iteiii b), the eliai'ily is probable
and can be measLlI'ed i-eliably.
On I'eceipl, gifts in kind al'e recognised at tlie amount Ihal the chai'ity ivould l)ave been ivilling to pay lo obtain
equivalenl services oi. tacilities in an 'at ai'nis, lengtl) ti'aiisaction, on Il)e open mai'ket. A eoi'responding ainount is
then i-ecognistd ii) expendilui'e 01- fixedlcui'i-ci)t assets iviihiii Ilie pei'iod of I'eceipl.
Gifts in kiiid are allocated lo the appi-opi-iale lund in accordance ivith any conditions stipulated by Il)e donor.
Cliaiiliible rtclivilies
Income fioin charitable activities includii)g book sales and in¢oiiie froiii confei'ences. is recognised ￿TI)ell tlie goods
oi. sei'vices al'e i)1)s'sicall)' pi'ovided. il is pi'obable that the income will be I'eceived, and it can be measui'ed ivith
I'easonable accui-acy.
Expeiiditut'e
All expendilui-e is I'ecognised once Ihei'e is a legal oi. conslruclive obligation 10 Ilial expeiidilui'e, it is pi'obable
seltlemeiil is requii'ed aiid the anioui)I cai) be i)ieasui'ed i-eliably. All costs al'e allocated to Ilie applicable expenditiii-e
lieading tl)al aggi'egale similar costs to tliat categoi'y. Whei'e costs cannot be dii-ecily atlribuled to pai'liculai. headii)gs
they liave been allocated on a basis coi)sistenl iviili tlie use ol. I'esources.
All resoui'ces expended al'e inclusive of iri'ecoverable V AT.
Cjiuriliible iiclivilies
Chai'itable expenditui-e con)pi'ises those costs incui'i'ed b), Ilie cl)ai'ily in Ilie delivciy of its activities and sei'vices for
its beneficiai'ics. 11 incliides both costs tlial can be allocated dii'ectly to sucl) activities and tl)ose costs of ali indii'ect
iiatui'e necessai'y lo suppoi'l Il)ei)).
Sui)i)ort costs
Suppoi'l costs include ceiiti'al fLinctions and liave been allocated lo a¢livityT Cost categories on a basis consistent witli
the use of resources.
Covei'iiaiice eosts
Tliese include the costs alli'ibut<ible lo the chai'it) s coii)pliance ￿lith constitutional and 51alutoiy requireinenls,
including audit, sti'ategic i))anageii)enl and ti'ustees, meelii)gs and I'eiiiibui'sed expenses.
Page18

Tlie Chiiiese Ovei'seas Christian Mission
Notes to tlie FiiianciAI Stateineijts foi. tlie Yeai. Ended 31 Deceinbei, 2024
TAxatioii
The cliarity is considei'ed to pass the tests set out iii Pai'agrapli I Scliedulc 6 of the Finaiice Act 2010 aiid Iliei'efoi'e it
nieels Il)e delinition of a cliai'ilable company foi- UK corpoi'ation tax pui'poses. Accoi'dingly, the ¢hai'ily is polenlially
exenipt troii) laxalion in I'especl of ii)coine or capital gains I'e¢eived ivitl)in calegoi'ies covei'ed by Cliaplei. 3 P<l1-1 5 1
of Il)e Corpoi'atioi) Tax Act 2010 01- Section 256 of Ilie Taialion of Chargeable Gains Act 1992, to the cxleiil tlial
siicl) inconie oi. gains al'e apijlied excliisiiiely to cliai-ilable purposes.
Taiigible fjxed assets
Individiial fixed assets al'e initially recorded al Cost, less any subsequent accumulated dei)I'eciatioii and pi'ovisions
for iinpaii'inent.
Depi'eeixtioii %iid ainoi'tisation
Depi'eeialion is pioiiided on tangible fixed assets so as lo Iw'ile oft tl)e cost or iyaliiation, less any estiniated I'esidual
value, oi'ei. tlieii- expected useful econoinic lit-e as folloii's..
Asset class
Land and buildings
Motoi. vehicles
Fui'nitiii'e, fitlii)gs and eqliipmeiil
Depi'eci8tioi) niethod an(1 rate
In accoi'dance Kvitl) the propei'ty
25010 on Cost
Al vaiying lates on cost
Stoek
Stock is valued at Il)e loiver ot cost and estiinaled selling pi'ice less costs to coii)plele and sell, allei. due I'egai'd foi.
obsolete and slow iiioving stocks. Cost is delei'iiiined usiiig the weighted avei'age method.
Ti'ade debtoi's
Ti'ade debtors al'e amounts due fi'om custonieis foi. Inei'cliandise sold or sei'vices perfoi'1))ed in the oi'dinaiy couiBe of
business.
Tiade debioi's are I'eeognised initially at the transaction price. They are subsequently measured at amoitised cost
using Il)e efte¢live intei'est n)eihod, less pi'ovision foi. in)paii'ment. A pi'ovision toi. the inipaii'inenl ot Ii'ade debtoi's is
established wl)en Ihei'e is objective evidence Ihal the cliarily will iiot be able to collect all aii)ounls due accoi'ding to
the oi'iginal tei'ins of the receivables.
Casli and cAsli equivAleiits
Casli and C<ish equivalents coii)pi'ise casli on liand and call deposits, and otl)ei' shoi1-teriii liighly liquid investiiients
that al'e ieadily convei'lible lo a knoivn aniounl of cash and are subject lo an insigniticant risk of cliange in iialue.
Page 19

Tlie Chiiiese Ovei'seas Cliristiaii Mission
Notes to tlie Fiiiai)ciAI Statenients foi. tlie Yeai" Eilded 31 Deceinbej" 2024
Ti'aile cR'editoi's
Ti'ade ci'editoi's are obligations to pay for good.s 01. sei'vices that liave been aequii'ed in tlie ordii)aiy coui'se of
busiiiess fi'oiii suppliei's. Aecounls payable al'e classified as cui'i-ei)I liabilities it" the chai'ily does not haiie an
ui)conditional I'igl)I, al Ilie end of tlie I'epoi'ting pei-iod, to deter seiileinent ol. Ilie erediloi. loi. at least livelve Inontl)s
aftei. the repoi'ling date. If thei'e is an uncondilioi)al l'ight to defei. seiileinenl foi. at least Iwelve iiioi)ths aftei. Il)e
I'epoi'ling date, they al'e presented as non-curi'enl liabilities.
Ti'ade ci'edilors al'e i-ecognised initially al the ti'ansaclion pi'ice and subscquently Ineasured at amoi'lised cost using
tl)e efteclive inlei'est n)eihod.
Foi'eigii excliange
Ti'ansaclioiis in foi'eigii cui'i'encies al'e I'ecoi'ded ai Ihe I'ale ot excliaiige al the date ot the Ii'ansaclion. Monelai'y assets
and liabilities denoi)iinaled iii forcign cui'i'encies at the balance sheet date al'e repoi'led at the l'ates of excl)ange
pi'evailii)g al that date.
Peiisions an(1 otliei. post i'etii'eIiient obligations
Tl)e Chai'ily opei7les a defined contribiition pension scheine foi. the benefit of it's einployees. Conti'ibutions payable
to Ilie cliai'ilable coinpany's pension scheine al-e cliai'ged to Il)e Sialement ot Financial Activities in the pei-iod to
Ivhich they i-elate.
Financial instruinents
Clnssificiilioii
Fiiiancial assets and financial liabilities al'e I'ecognised ivlien the charity becomes a pai'ly to tl)e conli'aclual
pi'ovisions of the insti'uiiient
Recogiiilioii Iiiiil iiieéisiireiiieiil
All financial assets and liabilities al'e initially nieasLlI'ed at ti'ansaction pi'ice (including Iiansaclion costs), except for
tl)ose fiiiancial assets classified as at tail. iialue Ihi-ou(Fh profil oi. loss, whicli al'e initially nieasui'ed al fair value
(Ivl)i¢h is norn)ally tlie ti'ansaclion i)rice excluding Ii'ansaction costs), Iinless the ai'i<ingeniei)I constitutes a fii)aneing
ti'ansaction. If an arrangeinent conslilules a tinancing ti'ansa¢lion, Ilie tiiiancial asset oi. tinancial liability is Ineasui'ed
at tlie present valiie of tlie tLltui'e paynients discounted al a mai'ket l'ate of intei'est foi- a siii)ilai' debi insti'ument.
Fii)ancial assets and liabilities al-e only offset in the stateinent of financial position ii'.lien, and only iiihen there exists
a legally enforceable riol)t to set oft- the I'ecognised ainounls and the chai'ily intends eithei. to settle on a net basis, oi.
lo I'ealise tlie asset and settle tl)e liability simultaneously.
Financial <l.8sets are derecognised ivhen aiid only ivhen a) tlie coiilraclual rights to the cash floivs tiom the financial
asset expire oi. al'e settlcd, b) Il)e cliai'ity ti'ansfeis lo anotliei- pai-ty subslanlially all of tl)e I'isks and I'eivai'ds of
oivnei-511ip ot- the fiiiancial asset, oi. ¢) the chai'ity.. despite hailing I'elaiiied soine, but not all, significant I'isk5 and
rewards ot oiw)eisliip, has ti'anstei'i-ed eonlrol ol'ilie asset to aiioiliei. pai'ty.
Financi<il liabilities are dei'ecogniscd only when the obligalion specified in Il)e conli'act is discharged, Cancelled oi.
expii'es.
Page 20

Tlie Cliinese OveR'seas Clii"istian Mission
Notes to tlie Finaiicial Stateinejits for the YeAR' Ei iided 31 Deceinbei. 2024
Debi iyislriiipieiils
Debi insli'unienls ivhicli meet the folloiiiing conditions al'e subseqLieiitly measiired al aiiioixised cost 11sing Ilie
effective inlei'esl meil)od'.
{a) The conli'aclual I'etui'n to tlie l)oldei' is (i) a lixed ainounl- {ii) a positiiie tixed l'ate or a positive vai'iable l'ate,. or
(iii) a coiiibinlllion of a posiliiie or a negative fixed I'ale and a positive vai'iable rate.
Ib) Tlie conti'a¢t i))ay pi'oiiide foi. I'epaymenls oftlie principal or tlie I'etui-n lo Ilie l)oldei' (but not boil)) lo be linked lo
a single I'eleiianl obseivable iiidex of genei'lLI pi'ice inflation ol- Il)e cui'i'ency ii) Nvhich the debi insti'uinent is
denominated, provided sucli links al'e not levei'aged.
(c) The conli'acl may i)iovide foi. a delei'minable vai'iation of the i-etLlI'n to the holdei. dLlI'ing the life of Ilie insli'iiinent,
provided Iliat {]) the Iiew rale satisfies coiidition (a} at)d the iiai'ialion is not coi)lii)gent on fului'e events otliei. Il)an { l )
a change of a conti'aclual vai'iable l'ate,. {2) to pi'olecl the holdei. againsl credit delei-ioi'ation of the issuer. (3) changes
iii leiyies applied by a cenli'al bank oi. ai'isiiig ti'oiii cl)ai)ges in I'elevant taxation or laiv; oi. (li) tlie neiii I'ale is a Inai'ket
l'ate of ii)lei'est and satisfies condilioi) {a).
Id) Tliei'e is no conti'actual piovision tlial could, by 115 terins, result in tlie lioldcr losing Il)e principal amount oi. ai)y
inlei'est attributable to tl)e cui'i'ent pei'iod oi. prioi. periods.
(e) Contractual pi'ovisions tliat pei'inil the issuer lo pi'epay a debt iiislrumenl oi. pei'niil ilie holdei. lo pul il back to the
issuei. betoi-e Iiiatui'ily al'e not contiiigenl 01) fului'e events, otliei. tl)an lo protect tl)e liolder against tlie ¢i'edil
detei'ioi'ation ol. tlie issuei. oi. a cl)ange in conti'ol ot the issuei., or to pi'otect the lioldei. oi. issuei. against cliai)ges in
levies applied by a centi?1 bank oi. ai'isii)g fi'om clianges in I'elevant taxation or law.
(fj Conti'actual pi'ovisioiis iiiay pei'mit Ilie extension of tlie tei'iii of the debt insli'uinent, pi-ovided tl)al Il)e I'elui'n to
the holdei. and any otlier conli'aclual piovisions applicable during the exteiided tei'in satisfy tlie conditions ol-
pai'agi'apl)s (a) lo (c).
Debi insli'iitllenls that al'e classified as p&)'able oi. I'eceivable ivithin one yeai. on initial I'ecognition and ivhich Iiieet
the aboiie condilioi)s al'e measui'ed at the undiscounled amount of the eash or oil)er Considei'atioi) expected to be paid
01- received, nel of iinpairmenl.
3 1Tieoine froni doiiatioils aiid legacies
Uni-esti'icteil
funds
Resti'ieted
fuiids
Total
2024
Total
2023
Geiiei'al
Donations and legacies.
Doi)atioi)s fi'oin individuals ai)d
cl)ui'ches
2,286,203
3,747
2,289,950
2,289,9iO
.2,247,572
2,286,203
3,747
2,247,572
Page21

The Chiiiese Ovei'seas Chi'isliaii Mission
Notes to tlie Fijjancial Statements foi" tlie Yeai. Elided 31 Deceinbei. 2024
4 Incoiiie froin cliai-itAble Activities
Uiii'esti'icted
funds
Total
2024
Total
2023
Genei'al
Camps and cont-ei'ence5
Missions aiid l)onoi?I'iuin
Book sales
Education aiid Ii'aining
478,489
44,067
6),191
478,489
44,067
6),191
358,186
39,285
10
587,747
587,747
454,875
5 Investnieiit income
Unresti-icted
fuii(Is
TotAI
2024
Total
2023
Genei-Al
Inlei'esl I'eceivable and similar income,.
Intei'est i'eceivable on bank deposits
72,359
72,359
40,316
6 Expenditui'e on charitable Activities
Unresti'icted fund5
Resti'icted
fuiids
TotAI
2024
Total
2023
Desigiiated
Geiieral
Missions and
honoi'ai'iun)
Camps and confei'ence5
Book sales
Education aiid ii-ainiiig
11,512
480
242
54
2,618,483
109,204
54,956
2,979
2.629,995
109,684
55,198
12,427
2,360,658
98,357
55,790
13,000
9,394
12,288
2,785,622
9,394
2,807,304
2,527,80i
Page 22

The Cliiiiese Ovei'seas Clii'istian Mission
Notes to tlie Fiiiaiicial Stateinents foR' tlie Yeai. Ended 31 Deceinber 2024
Activity
uiidei'talieii
direetly
Graiit fundiii
of aetivity
Aetivity
support costs
TotRI
2024
Total
2023
Caii)p.8 and confei'ences
Missions and
l)onoi'ai'iiim
Book sales
Education aiid training
82,909
26,775
109,684
98,357
1,987,996
41,724
641,999
13,474
2,629,995
55,198
12,427
2,360,658
55.790
13,000
9,394
2,112,629
9,394
685,281
2,807,304
2,527,805
The expenditiii'e analysed above includes govei'nance and siipport cost5 of £685,281 (2023 - £584,652) ¥vhich relate
dii'ecily lo cl)ai'ilable activilics. See note 7 foi. fuitliei. details.
Page 23

Tl)e Cljiiiese Ovel'seas Clii'istiaii Missioii
Notes to tlie Fiijaiicial Statejneiits foi, tlie Yeai. Ei iided 31 DeceinbeR' 2024
7 Analysis of govei'iiAiiee an(1 suppoi't cost5
Govei'iiaiic¢ Aiid supi)oi't tosts allot￿ted to cliai-itable activiti¢s
Pi'eiiiises
costs
includiiig
depreeiAtioIi
Govei'nance fi inaiice
costs
eosts
Staff
Costs
Adniiii
eosts
Total
2024
Total
2023
Missions and lionorai'iuin
Cainps and conferences
BOOL sales
Education <ind ti'aining
9,076
378
190
43
{9,677) 193,289
{403)
8,061
{203)
4.057
(46)
913
255,582
10,659
5,364
1,208
193,729
8,080
4,066
915
641.999
26,77)
13,474
3,033
545,993
22,748
12,904
3,007
9,687
(10,329) 206:J20
272,813
206,790
68i,281
584,652
Govei'nai)ce Aiid support costs i)ei' fund
Uiii'esti'icted funds
TotAI
2024
TotAI
2023
DesigiiAted
General
Staff costs
Wages and s8lai.ies
Social secLlI'lty costs
Pension costs
Other slalT costs
Audit fees
Audit of tlie financial stateiiienls
Legal and pi'ot-essional fee5
Depi'eciation, ainorlisalion and otliei.
siinilar costs
oiliei. govei'nance and support costs
173,538
12,968
12,310
7,504
173,538
12,968
12,310
7,504
145,160
11,719
10,068
10,336
8,500
1,188
8,500
1,188
8,566
2,037
12,288
11,597)
4i8,582
10,691
4)8,582
13,624
383,142
12,288
672,993
685,281
584,65?
Page 24

Tlie Chinese Ovei'seas Clii'istian Missioii
Notes to tlie Fiiiaijcial Statemeiits fol" tlie Yeai. Ended 31 DeceinbeR' 2024
8 Gi'ant-lllaliing
Aiialysis of gi'aiits
Gi'ants to iiidividuals
2024
2023
Aiialysis
Education and trainii)g
9,394
4,082
The suppoi't costs associated with grant-iiiakiiig al'e £3,033 (2023.. £1,228).
The gi'ants recognised in the period I'epi'esent disti'ibutions fi'oiii tlie Stephen Wang Schlai'sl)ip fund (included in
resli'icted funds), suppoi'ling individuals ivitl) theological and bible study al college.
9 Net iiieoiiiiiigloutgoiiig i'esoui'tes
Net iiicoming resoui'ces foi. the year include..
2024
2023
{Profit)/loss on disposal of filed assets held foi- tlie eharily's own use
Depi'ecialion ot'fixed assets
Foi'eigii curi'ency gains
{i,356)
16,047
(10,330)
13,624
15,648
Page 25

The Cliinese Overseas Clii'istiaii Missioii
Notes to tlie Finaiicial Statemetits foi. tlie YeaR' Ended 31 Dccembei. 2024
10 Ti'u5tees I'enluiiei'atioii an(1 expeiises
No ti'ustees, noi. any persons coiinected ivitli Il)ein, liave I'e¢eived any I'eiiiiineratioi) Iioiii the ¢liai'ity during tlie year.
No ti'ustees liave received any reimbursed expei)ses oi. any oilier benefils fi'oiii tS)e cl)ai'ily diiring Ilie yeai-.
Donations ii)ade b){ the Ii'ustees wiiliout any conditioiis altaclied lolalled £18,100 foi. the yeai. {2023 £5,000).
I I StAff costs
Tl)e aggi'egate payi'oll costs ivei'e as tollows:
2024
2023
Staff eosts dui'iiig tlie yeAr ivei'e:
Wages and salaries
Social secui'ity costs
Pension costs
1,368,778
135,989
108,821
1,213,450
118,772
104,250
1,613,588
1,436,472
Tlie montlily avei'age numbei. of peisons (including senior Inanagemenl teain) eii)ployed by tlie chai'ity dui'ing tlie
yeai. il'as as follows..
2024
2023
All depai'tmenls
68
63
67 {2023 - 61) of tlie above employees pai'ticipaled in Il)e Delined Conti'ibution Pension Schemes.
No employee I'eceiiied emolunienls of mol-e tlian £60,000 dui'ing Ilie yeai..
The total i-ei))unei'alion of tlie key manageinent pei'soiinel ot Ilic Cl)ai'ity was £112,870 {2023= £89,105).
12 Auditors, I'eiiiunei'Ation
2024
2023
Audit of Ilie financial slateinenls
8,500
8,566
13 TaxAtion
Tlie Charity is a registered charity and is tlierel-oi'e exenipl ti'om taNation.
Page 26

TRie Cliinese Overseas Cllristian Mission
Notes to tlie Fiiiaijcial Stateinents foi. tlie Year El iided 31 Decembei. 2024
14 Tangible fiyed assets
Land aiid
biiildiiigs
i ui'iiitui'e aiid
equipiiient
Motoi.
veliicles
Tot81
Cost
At l JanLiai)' 2024
Additions
Disposals
3,823,690
53,826
15,566
18,389
{11,966)
3,893,082
18,389
(11,966)
At 31 Deceinbei. 2024
3,82),690
53,826
21,989 3,899,50i
Depi'eeiation
At l Januaiy 2024
Chai'ge foi. the year
Eliminated on disposals
147,455
12,288
50,354
695
15,566
3,065
(11,966)
213,375
16,048
(11,966)
At 3 5 Deeeinbei. 2024
159,743
51,049
6,665
217,457
Net book vAlue
At 31 Decembei. 2024
3,663,947
2,777
15,324
3,682,048
At 31 Deceinbei. 2023
3,676,235
3,472
3,679,707
Included within the net book value of land and buildings above is £3,663,947 (2023: £3,676,235) in re5peet of
ti'eehold land and buildings and £Nil {2023 £Nil) in I'espect ot leaseliolds.
15 Stock
2024
2023
Booki'ooni stocks
47,465
55,365
16 Debtoi's
2024
2023
Ti?de debtors
Pi'epaymenls
Other debtors
3,750
40,201
344,619
3,510
33,415
349,963
388,570
386,888
Page 27

The Chiiiese Ovej'seas Clii'istiaii Mission
Notes to tlie Finaiicial Staten)ents foR' tlie Yeai. Ei ilded 31 Decembei. 2024
17 Cash and cAsli eqvivaleiit5
2024
2023
Casl) on haiid
Cash al bank
1,784
1,837,478
1,410
1,685,799
1,687,209
1,839,262
18 Ci'editOl'5: amouiits falliiig due ivitliiii one yeai.
2024
2023
Ti'ade creditors
Otliei- taxation and Social seciii'ity
Othei- credilois
Acci'uals
39,349
28,961
9,945
76,278
6,656
27,412
19,806
95,235
154,533
149,109
19 Obligatlons under le4ses aiid hiTr'e purcliase coiitl'ACts
Opei'ating lease comiiiitmeiits
Total fuluir n)iniiiiuiii lease payiiienls undei. non-eancellable operating leases air as folloivs..
2024
2023
Land aii(I buildings
Within one year
Betiveen one and tiiie yeai's
61,57)
106,825
19,000
61,575
125,825
The lolal ot opei'aling lease payinenls recognised as an expense witl)in the SOFA lolalled £188,745 (2023:
£112,96i).
20 Peiisioii and otlier schemes
Defiiied eontribulioii Iieiision sclieme
The chai'it), opei-atcs a defined conli'ibulion pension scl)eiiie. The pension cost ehai'ge toi. the year I'epi'esenls
contribiilions payable by the chil1.ity to tl)e scheme and amoLinled to £108,822 (2023 £104,249).
Page 28

Tlie Chiijese Overseas Cliristiaii Mission
Notes to tlle Fiiiancial Stateineiits foi. tlie Year Ei iided 31 Deceinbei. 2024
21 Coiniiiitiiieiits
Peiisioii coiniiiitnieiits
The financial stateinents incliide pi'oiiision for einployei's pension conli'ibulions acci'Liing in the pei'iod wliich liaiie
yet to be paid ovei. lo Ilie scl)eme pi'ovidei.. Cominilii)ents pi'ovided foi. in tlie accounts aniounled to £9,949 (2023
£19,806}. Coinmiti))enls Iiot pioiyided toi. in tlie accounts an)ounted to £Nil {2023 £Nil).
22 Funds
BA12llee at 31
Deeeinbej.
2024
Balaiice at I
JaiiuAI'y 2024
Rosourees
expeiided
Tr'esoui'ces
Uni'esti'icted funds
Geiierftl
Genei'al fund
1,929,756
2,946,309
(2,785,622)
2,090,443
Desigiiiileél
Designated tui)d
3,643,201
(12,288)
3,630,913
Total Uni'esli'ieted funds
5,572,957
2,946,309
(2,797,910)
5,721,356
Resti'ieted funds
Resti'icted fund
87,103
3,747
(9,394)
81,456
Total funds
5,660,060
2,950,056
(2,807,304)
5,802,812
Balaiiee At 31
Deeember
BalAnee at i
Januai'y 2023
Incoiiiiiig
i'esoui'ees
Resoui'ces
e¥peiided
2023
UnR'esti'i¢teil funds
Geiieriil
Genei'al fund
1,699,897
2,735,383
(2,i05,5241
1,929,756
Desigiiaiefl
Designated fund
3,655,489
(12,288)
J,643,201
Total iiiii'esti'icted funds
5,355,J86
2,735,383
(2,517,812)
5,572,957
Resti'ictecl funds
Restricted tund
89,716
7,380
{9,993)
87,103
Total fuiids
5,445,102
2,742,763
(2,527,805)
5,660,060
Page 29

The Cliiiiese Ovei'seas Clii'istiaii Mission
Notes to tlie Fiiiancial Statemeiits foi. tlie Ye21. Ended 31 Decembei. 2024
The specific pui'poses loi. which tl)e funds are to be applied al'e as tolloivs..
Uni'eslricted genei'al tiind-
Uiii'esli'icted gcnei'al funds can be used in ac¢oi'dance with the el)ai'ilable objectives al Il)e discl'etion of Ilie
trLislees.Tl)is includes tlie sti'ategic developiiieiil fLllId.
Resti'icted fund..
Reslricled fijiids coinprises tour distlllct t.unds
l ) Tl)e scholarship fund whicli exists to lielp gified and dedicated Chinese Clii'islians lo I'eceive theological and bible
ti'aining at a college willi whiel) tlie Inission is in syinpail)y.
2) Tl)e Inissionaiy in prepai'alion tund foi. Ilie ti7iniiig and mtnloi'ing of students Ilial will potentially join Ilie COCM
staff teani
3) A fiind lo suppoi't the developinent of a miiiisliy based in Batli, England.
4) A fiind coinpi'ising donations and legacies I'eceiiied specific¢111y to fund the costs of I'enoiiating the chai'ity's
headquai'lei. pi'einises in Milton l<eynes
Unresti'icled designated tund=
The desigiialcd tund contains the freeliold land and buildings owned b>1 ilie Mission. Moveiiients on the fund during
2024 and 2023 I'epi-esents It]e annual depi'ecialion cliaiged on said pi'opei'ties.
23 Analysis of net assets betweeii fuiids
Uni'esti'ieted funds
Restrieted
fuiids
General
DesigiiAted
Total fuilds
T<ingible fixed assets
Cui-l'eiit asscls
Cuii'ent liabilities
51.135
2,193,841
{154,533)
3,6JO,913
3,682,048
2,275,297
(154,5331
81,456
Total net assets
2,090,443
3,630,913
81,456
5,802,812
Unresti'icted fuiids
Total funds at
31 Deeeinbei.
2023
Restricted
fuiids
Geiiei'al
DesigiiAted
Tangible fixed assets
Cui'i'enl assets
Cui'i'enl liabilities
36,506
2,041,103
{147,853)
3,643,201
3.679,707
2,129,462
(149,109)
(1,256)
Total nel assets
1,929,756
3,643,201
87,103
5,660,060
l)age 30

The Cliinese Ovei'seas Clii'istiaii Missioii
Notes to tlie Fiiiancial Stateinents foi. tlie Yeai" Ended 31 DeceinbeR' 2024
24 Related pai'ly ti'ansactions
Dui'ing tlie yeai. Il)e cliai'ity made ilie tolloiving I'elated party Ii'aiisactions..
Tlie Cliiiiese Ovei'seas Clii'istiaii Missioii (Ti'ust)
{The chai'itable ti'ust Ilii'ough M'hich the chait>r's opei'alions ivei'e previously conducted)
In 2013 all of Ilie cliai'il} s assets and opei'ations ivei'e Ii'anslei'i'ed lo iliis iiicoi-poi'aled cliarily ti'oni a Ii'usl. A small
nuiiibei. ot baiik aceoLinls reinain in tlie iiai)ie ol- the oi'iginal cliai'it&l)le trust. The nioney held in these accounts
belongs lo the Liii)ited Coii)pany and il'as tl<lnsferi'ed by n)eans of a gift in 2013. 'fiie nel b<i11< nce of these accounts
at 31 DceeI))ber 2024 is £2,47) (2023.. £2,475). Tliesc al'e included uiitliin the balance slieel ot. the Liniiled
Company. At the balance sheet date the amount due tolfrom The Chinese Ovei'seas Chi'istian Missioi) (Ti-usl) was
£Nil (2023 - £Nil).
Page31