London Huaxia Christian Church Report and Accounts Year ended 31st December 2022 Stewardshlp Active gener051ty 1 Lamb's Passage, London EC1Y 8AB www.stesvardthp.org.uk LONDON HUAXIA CHR18TIAN CHURCH CHARITY INFORMATION FOR THE YEAR eNDED 31 DeceMBEA 2022 Chun•h•n9 Zh•ng Gu•n9hu8 Ll Kalherlno L8 Kal Xue rnJlqn•d F•bw8ry 2023 8p￿nthd Fobru8ry 2(r23 Constitutbn dated 31st A￿ust 2015 Charny Re9istr•tlon Number - 1165159 Ray Lodge Road Wwjford Green Essex IG8 7NX Lisa Darby FCA Stewardship 1 Lamb's Passage London EC1Y 8AB Barclays Pa9e Charity InfomiatK)n Trustees. Annual ReF IfKlependent Examinees ReFMXt Statement of Finandal Acovili 9-14 15 Pago 1 LONDON HUAXIA CHRISTIAN CHURCH TRUSTEES. ANNUAL REPORT FOR THE YEAR ENDED 31 OECEMBER 2022 The trustees have pleasure ir) submilling Ihe Report and Accounls for the year. Objects of the charlty The charity is a charitable incofporated organisalion and is govemed by its Constitvtion. The rjbipf.ts of the chanty. as sel out in the govefning document are.. To advance the Christian relig￿￿ for the benefit of the public. in accordance with the statem*nt of beliets attached to this conslilulion, in particular but not exclusively by.. al The hobding of prayer meetings. lectures. conferences, Chrislian feslivals and producing or distributing literature on Christianity lo enlighten others about the Christian feligion". bl The provision of sacred spaces and worship services; cl The provision of public ritU81s and ceremonie5". dl Delivering Christian messages of an evangelistic and leaching nature. e} Conlribuling lo the spiritU31 and moral education of children- fl Contn'buling to followers, or adherents. goc￿l mental and ph￿Ical healih The trustees note that the Church is not a building, but a gathering of ordinary people of drfferent ages and backgrounds, whose lives have been changed by Jesus Christ. the Son of God. The New Testament reveals the Church as a community of people, propedy taught and cared for, who by loving and serving Jesus Chrisl. were also committed to love and care for each other and to bnng a blessing to the area in which they lived. LorKlon Huaxia Christian Church: ils trustees. elders and rnernSers are committed lo the resloration of those New Testament principles. It is not alone in this, it s one of many Churches in the area. counlry and all over the world that is re4Ji5covering the excitement ol knowng Jesus Christ. The vision is to see the people of London and all wortd corne Into rhis experience of knowng Jesus as Iheir Lord, Saviour and friend. Summary of the chaTIty's main activities and achlevements To further the above objects and vision. the cha¥ilYs main acbvities and achievemenis were as follows. In 2022, London Huaxia Christian Charity has activety been invofved in the following aGlivib"es, aiming for public benefits which are seLout in the Conslilulion of the charity.. We conts.nued providing online and in person (restarted from 20 Nov 20221 Sunday worship and servi(*s to the public. including Sunday sch¢y)I for chiklren for ages 11-17 years old_ We held online prayer meetings every moming during weekdays and bible stLtdy group every evening during weekdays. We reestablished two different h￿n groups. indudin9 one youth hymn gTOUP. We held the three baptism5 ser¥ices and allended a se￿Illia1 loi Young Students Sludy over￿eaS. We purchased a church buildiw on the 26 Oct 2022 and started the refurbishtY)enl ai)d reiiL)%a11L)11. All of the chafitls activitses during 2022 werg undertaken by volunleeis an<1 Ihe iharity operate effecb'vely wlhoul their ettorts. In planning the activities the Tru6tees have applied Ihe guidance on publity beiielil issued by the iliarily Cornmission. iuld nol Page 2 LONDON HUAXIA CHRISTIAN CHURCH TRUSTEES. ANNUAL REPORT FOR THE YEAR ENOED 31 DECEMBER 2022 Volunt••rn In achieving our objectlve5, Ilie Cliiirch encoufMge8 volunle8r9 10 geTh8, p8rticipale and 18ad in the various ministrfes ir)dudtng fellowshlp, worshlp #nd Blble 91udlBB. They aFgf) provwje lead8rship in Deacon Board, Adminlslralion & FSnance teams. The Volunteers ￿8Y 8n 88senli81 role In the de￿I)pment of Ihe Church's mlnlstrles. Struclure. Gov•mance and Management Board of Trvslees are responsibility for managing the Church internally and extemaly, •spwafy on finance. human re￿UrCeS. safeguarding and risk management. The Board of Trustee9 have delegated daity spirittTral administrative M?rk, such as mission, worship and Sunday Scho￿ to the Board of De8u)ns. New tTuslees are recruited and appointed by the existing trustees. .The Board of Trustees is the decision-making Ix)dy of the Church. The Board of Trustees meetirvJ can be called when there are important resolutions to be made. We held Iwce meetings in 2021. -The Board of Deacons undertakes daily spiritual administrative work. It is responsible to Board Trustees. .The Board of Deacons may assign works to teams to complete ministries. Teams are reporting to the Board of Deacons .The Board of Deats)n meetings can onty be hosted when more than two thirds of members attending the meeting. .The Board of Deacons shall make every effort to achieve a resolution approved by all deacons. In the event of objection, the resolution is only be passed, then it approved by at least Iwo thirds of the members. The voting shall be by secret balloL The Board of Deacons meeting is held once every month to monitor the progress of ministries. The meeting can only be attended by Deacon members. The detailed meeting minutes are checked and signed by all Deacons. Deacons members present their annual working plan and goals in July every year. and submit a written report lo the Chairnan of the Board of Deacons in May in following year. The Chairman of the Board of Deacons reports at the congregation meeting Financlal review During the church received general fund income of £41,640 {2021.'£63.553) and incurred general fund expenditure of £33.331 12021: £15.683) resulting in a general fund SUTplus of £6,(M312021..£47,870}. The restricted Buikling Fund raised a further £206.52612021'.£557,985) which was fulty expensed on the purchase of the property. In addrtion. the charity received restricted income of £3,50012021.' NIL) which remains in the restricted funds at the year end. As a result, the total surplus tor the year was £182.738 (2021..£605,855) increasing Ihe charivs totsl funds by the saffle amount to £1,106,108 12021.£923,370}. The charities nel Cufrenl assels al the year end were £17,70812021.£923,370) of which £3,500 is restricted for purpose. Lond￿ Huaxia Christsan Church stsrted from Bible study group in 1997, then b8came the Fellowship of Scholars. to the establishment of London Huaxia Christian Church in 2010. We had moved to six different locations to host our Sunday S6rvice in last 24 years. Due lo various reslriclions in our Pfevious place, we have to firmj new pL4ce foi Sunday services. Our whole congregation was moved by Holy Spirit so the Board of Trustees decided to establish a chuich purchasing committee to promote the church purcha5ing-related minislry. The Church received signtficanl donal¢ons for church purchasing in 2021 and 2022. Page 3 LONDON HUAXIA CHRISTIAN CHURCH TRU8TEES' ANNUAL REPORT FOR THE YEAR ENDEO 31 DECEMBER 2022 R•s•rYo• pollcy The fw%tses have detemilned thal Ihe charity slioukl aim lo hold unre$triclèd ea•h ol no1o¥s Ihan £s,(MJo Iwhich equates lo atrt7ut 3 months. of unrestricled expendilurel $0 that the chafty tryjkl contt.nue lo oper8le should income and l or expenditure vary adversety. Al the year 8nd, lh8 charity I￿k1 unrestricted cash of £40,303 and Ihe charily is comptwng with its reserves polw. Key risks and uncertaintles The ¢harity Is exposed to various risks be they operational, financial or reputational. The trustees review the chariws activities regularty lo identify s￿nIfICant risks and, where Fts%ble, they 12ke appropriate measures lo mitigate those risks. Being aware of responsibiliknes of trustees for risk assessment. tntrslees review and evaluate the risks asswaled with the charitys daily activities regularty. We intrc*Juced Safety Policy. Conflict of Interest Policy, Complains Handling and Volunteer Policy. We will Pfoduce Risk Management Policy. Fire Safety Policy and review all insurances. once the Church property purchase completes. Plans for the future The Board will focus on following ministrtes.- We would like to encourage the congregation to attend physical Sunday services, so that the congregation t￿Uld have more close relationship. In the meanNthile. online live stream Sunday seNces will run in parallel wth physical Sunday servtces. We realise the next generation is increasingly multKuKural and diverse in manner. We *ill aim to young people together to hear Ihe gospel, lo experience knowing Jesus as their Lr)rd, Saviour and friend and to rise up lo live out a lasting faith in Jesus. We will engage in nexl generation development. A large number of Overseas St￿nts will wme to study in UK. We would like to cooperate with UKAFC and Dallas Chinese FelkTrwship Church to i￿￿d Chinese students to the Lord. equipping them to be disciples. Also. we wouhj like to ¢ooperat8 wilh local church on youth ministry. We will organise a chriskn.an conference and invite overseas speakers to provide leaching & twirvJ exiurses. As a Church we know we are part of the local community. We will work with k)cal community kn pm¥MJe support to kKal residents. Page 4 LONDON HUAXIA CHRISTIAN CHURCH TRUSTEES. ANNLIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2022 ResponslbllltSes of trustees under charfty law Tl?e Iruslees are responsible for preparing the Iru$lees' annual report and the fin8ndal $tatement8 in 8cts)rdance with applIcab￿ law and United Kingdom Accounting Standards {Unrt8d Kingdom Generally Attepted Accounting Praclice). Charity requires the trustees to prepare financial statements for each financial year vthich grae a true and fair view of the stale of the aflairs of the charity as at the balance sheet date aThl of rts incoming resources and application of resources. inctuding income and expenditure. for the finanGbal year. In preparing these financial slatements. the tru5tee5 are required to.. 1. sew suitable accounting policies and apply them consislenty, observe the methods and prinaples in the Charities SORP.. make judgements and estimates that are reasonable and prudent- 4. slate whether the applicable accounting standards have been folbwed, subject to any material departures disclosed and explained in the financial slaternents-, and 5. prepare the financial statements on a going ￿nCern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records that disclose reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements compty vthh the Charities Act 2011 and the Charity (Accounts and Report5) Regulations 2008. They are also responsible for safeguarding the asset5 of the charity and hence for taking reasonable steps for the p￿ventiOn and deteth.on of fraud and other irregularities. Approval This report was approved by the trustees and signed on their behalf by. Kalhenne Wei Lee Oale: 2[ Ocr Page S INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONDON HUAXIA CHRISTIAN CHURCH I report to the dwrity tntsl•es on my 8x8mlnallon ol Ihe 8c¢ounl8 of lh8 Ch8rrty for th8 year ended 31 December 2022 M pages 7 10 IS fdlowing. vthich have been prepare(J on lh# ba818 ol the 8¢COtJnling rdicies set (wt on pages 9 to 10. Re$pon$ibllltl•s and bas1¥ of rnport As tttarity's trustees of the Charitable Irwraled Organisalion you are resp(￿1b￿ lor iho try)aration of the accounts In a¢￿ance with the requir8ments of the Charitie5 Act 2011 {'the kr). I repcwt in respect of Fny examirTration of the Charitls accounts carried out under seclKM 145 of the kt arvts in caryng ¢xrt my examination I have followed all the applicable Directions given by the Charrty Commission under seth.on 1451Sllbl of the Act. Independent exarninerf5 ststem•nt Sin(* the Charity's gross income ex￿eded £250.0(Xl your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualffied lo undertake the examination because l am a member of The Institute of Chartered Accountsnts in England and Wales, hthich is one of the listed I have completed my examination. I confimi Ihat matters have come to my attention in connection with e examination giving me cause to believe: 1. acc4)untiThJ re(x)rds were not kept in respect of the Charity as required by section 130 of the Ac*: or 2. the act￿nts do not accord wtth those recor¢Js.' or 3. the accounts do not compty with the appli(xble requirements con￿mIng the form and ¢x)ntent of accounts set out in the charib.es (Accounts and RepK)rts} Regulations 2008 other than any requirement that tr￿ accounts give a 'true arKI fairf view which is not a matter considered as part of an independenl examinatMM. I have no concerns and have ￿ffle across no other matters in conneclion Ihe examinabon to which attenb'on shwkl be drawn in this report in ￿[leT to enable a proper understanding of the accounts lo be reachod. a Darby FCA Institute of Chartered AccI￿lants in England arKI Wales Stewardship 1 Larnb's Passage London EC1Y8AB Date.. 30th October 2023 Page 6 ## **LONDON HUAXIA CHRISTIAN CHURCH** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## **FOR THE YEAR ENDED 31 DECEMBER 2022** |Note
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
3
Charitable activities
Other income
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
4
Raising funds
Other
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
9
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
9|Unrestricted
Funds
£
41,437
-
203
41,640
35,597
-
-
35,597
-
6,043
731,180
737,223
365,385
1,102,608|Restricted
Funds
£
210,026
-
-
210,026
33,331
-
-
33,331
-
176,695
(731,180)
(554,485)
557,985
3,500|Total
Funds
2022
£
251,463
-
203
251,666
68,928
-
-
68,928
-
182,738
-
182,738
923,370
1,106,108|Total
Funds
2021
£
618,893
2,626
19| |---|---|---|---|---| |||||621,538| |||||15,683
-
-| |||||15,683| |||||-| |||||605,855
-| |||||605,855
317,515| |||||923,370| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing operations. The notes on page 9 - 14 form part of these accounts. Page 7 LONDON HUAXIA CHRISTI￿ CHURCH 8ALANCE 8iieET A• AT JI DECEMBEA 2021 Totsl Fund8 21Y21 Ftsnd• FIXED A55Erd Tanuible a5set• CURREP47 ASSM 2.027 40,303 C•*4 ￿ b•r￿ 42.329 45.8>) f77XJ 128.122) 128.122) 3.W3) Net cuff•Nt •*••ts I Illmblmllesl 14.207 17.708 923 370 CREDITORS.. *Jnounts faJliTrg du •fter mor• than (>ne TOT￿ NET ASSETS 1.102,607 i.iC6.108 923.370 UrffesM•l FuThJ$ 1.102.608 1,102,608 365.386 557,98S 1.102,608 1.106.108 923.370 5 Oct xi25 Clwty nLxthr. 1165159 Pa￿8 LONOON HUAXII CHRIgTIAN CHURCH NOTE8 TO THE ACCOUMTO FOII THe YEAR JI OECEMOER 102Z $t•tuiory lftform•kn Th• • c•w*•td• t•Wt•r•rf lh• Ch•rfly tn tf#Jw*l & ¥Y*I. ¢A Ir￿￿ IFRS 1021 llho rJwit￿ SOR￿1, the F￿ar￿1￿ siaThY*d appllcabkn ￿ Iht Unsttid R•th ITrS 102'18nd the ChWi￿$ Act 2011. Th• rX8rfty meels Ihg of a public bonefrt enthy a¥ FPII ffJ2 Tre Chari￿5 IArthints and Re(￿￿￿1 RtyUk￿￿% 2(￿ (the ?(K)6 R*guiqip)n•'l dwiitN* to wep8rv thev Rwulakns b8lw8d to be ￿4￿5￿Bry fDr IhB88 fn8Tr*1 stAlemants to gr4B a NlitL*￿ tt41 MVJM cas¢ s￿￿￿c•nl dwbt abiSty of charty to cwbnue a$ a gY)ing crJPCern. The InJ5tees made assessment for a of ai ￿4$1 one ￿ Irryn Ihe dale of approval of the fin&noJ statements. In particuL4r bUSt805 ha JnL￿ then it fd fecwed. k)c￿e is O￿lY delerred whEn Ihe d￿rty has lo rA)nart￿$ be[￿e Lecomu)g entitled lo has that thB IrwTre Isto b8 expended in a TrJlwe frDm donabjns kn9acies ￿￿l￿￿e$.. Pagfr 9 LONi)011 HiIAXIA CMR18TL4N ¢HiMCH NOTE8 TO THE A¢COIIIIT8 FOR THE YeAR INDtD >1 oecEMbEf¢ 2022 rvlw *nd to the •xtent that a88￿1￿0 the grarrf arn £￿t8￿Je rlthe Lrfth• ¢**Ny. and any othw experkyilury tr￿Jr￿d lh• manollthwnt ol the thBriy. G￿￿84 fund5 are unreSi￿tid fvjnds whKh ava￿￿b* for u5V 81 tho oftho trustOe5 fft furttw8rt• rl the genw8t ob*•l Df Ihe thality. Des•Jnated fvnds crknp￿ urRStriC￿ fvnds Ihat been 8el oside by th• Irusteel wry)ow itwn$. ￿ more than £1.C#JO 8nd the item 15 expeded to benefft tho L*arity over mor8 than (￿e actYJthlww t*r*>Y. Depreuatiun o (*w9èd w a straryhl kne ba51$ 50 8$ to wtiie ¢j(T￿l thfr ¥a￿e of eath asset lo ffs estimated res*4ual value Irf anyl over its ey4)e&ed iMJbJir EquweTrt 5.10 years estimates artsas of" menl ln15ts￿ do not u)nsider Ihal Ihof8 aro any material 50urces ol*sbm8trw or Un￿rta￿ty al the b*rKa sthowldaio COU￿ a matvial •JJitstmeni to Ihe Car￿ry va&Jes ol assets vknj la￿￿e$in the next [￿m￿J. ZOT2 228.7 22.729 251 4&3 ST3.411 45.452 618.893 10 LIX41>9N HUAXJA CHRISTIA14 CHURCH NOTE8 TO THE ACCOVNT FOII THE YEAR ENDÈD JI OECEM8eR 2022 h•rftabh •xp•ndltur• 4J83 S.121 242 2.375 2.342 217 81 ¢4.226 Grants ￿yebkn In￿8￿¢1 64.Z28 Costs ITrw￿d Dn ¥upport & 4dmlnl¥tratlon Govemance costs 24 144 Chjrch EqU￿m￿l B&nkfE lry 37 4.702 3.661 Total exP￿dI￿r¥ 68.928 15,683 Granls p•y•bl• C4¥f)Is f￿tre rew ofpoverty Irj) lor rhe 18ts•fclp Carn￿￿9& Cw)pui Grants kn ffistylu1kn6 fw1o6• IhAn £1,IXKI •ath 3,4f4J Pap11 LOI4DOM MUAXIA CHAI•TiAN CHURC NOTEI TO THE ACCOUNT• FOII YÈAM ENDÈD 31 OEceM8eR 2022 T•nglbh fix•* ••••ts Trt•l i J*xrvy 2022 1.0￿.(￿￿) At 31 D*•mbw 2022 79.iX*) At 1 JaNary 2022 Elimin8lèd (*5P0501 At 31 Dxwber 2022 2Q,fj(K) Al 31 D*embw 2022 1.009.4(KJ 79.OCiI 1.088.4 At 31 DKwber 2tr21 Fallng *llhin on• Jwr. Tax remverab 1.378 65J 2.027 14.280 36.7C#) Cath ￿ 8•nk ￿rtd 33.431 J)l.Y)7 P•lly ca 2.369 43.803 4 ¢md#ws'. l•blllts• Wllng wlthin on• ￿•T 28.1?2 53.913 P•y• 12 LONDON HUMXIA CHRI8TiIN CHURCH NOTES TO THe ACCOUNT8 FOR THE YEAR ENDEO J1 DfGEIABER 2Q22 Funth Ouring th• >*arih• moN*mwts rhrflf• DJTrJ• •• TiArnlm Gth•8nd 2022 2022 3022 2tr22 2L122 41.610 I35.￿7) ni.180 1.102.IA)8 41.040 135.5971 731.1aO i.i¢r2.ef Bu*hg Furyl 133.3311 1731.IVAII 557.985 210.026 133.3311 (T31.1801 YXJ.370 251,666 168.9281 1.106.1( Al Tr transfer Ihe Re5knded Buibjuig FuTh* to the Generdl rtfiect5 Ihe ful u8e orth& d￿7r￿j Ihe Fvrthaso Ihe c*urth at¥J ¢h8 rerth)Yat￿ WDiKL The Fund was tyeated in 2￿￿1 lor the fvnds for the ftrture wrthase of a bulhJirffJ for Ihe thurth. ThB t￿￿1￿ twas wrthaséd duriw 2022 and Is recrxde(l as a GBnerdl Fund Assel kknsty Fund was ueated in 2022 to wpport the mis5h￿ ministy ofihe thurth. Ol￿t wets ltylund un￿$trIcI6d Fund5 GenEral D&s¥Jnate fijnds funds fvr¥Js 2022 a$8et¥ 1.008.4Q) 1.￿.4Q￿} 2.IP7 40.303 128,1221 2.027 Cath at bank harxl (28.122) I.1￿.608 1.Il￿1[ Pap 13 LONI)ON Hu￿1A CHRISTIAN CHURCH NOTE8 TO THE A¢COUNT• FOR Tme YehA EP4DÉO 31 oeceMoEA 2022 baknr 2021 2021 2021 317.515 115.6B31 31T.515 63,553 115.0831 557.9B5 SS7.985 317.515 621.$38 115.6831 923.370 An•ly51s of n•taS5•1S by General De5igA8ted Resthcted fvnds fvnd$ nds 368.318 153.913) 557.985 ¥26.303 153.9131 Cash at bank and ip haTrS 365.385 557.965 933.370 bl p8¥t eyponses IL4aW E41 12tr21' £2.0S4110 1 (2021." 41 FKeadw. travd. att￿dd￿j ¢tyler•r￿ wniLqt r*rryroJ C￿ 11 F¥￿ts •lnc•th• •r Py14 ifi- 11° ¢y 41