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2024-12-31-accounts

London Huaxia Christian Church

Report and Accounts Year ended 31st December 2024

1 Lamb's Passage, London EC1Y 8AB www.stewardship.org.uk

LONDON HUAXIA CHRISTIAN CHURCH

LEGAL & ADMINISTRATIVE DETAILS

FOR THE YEAR ENDED 31 DECEMBER 2024

ADDRESS FOR CORRESPONDENCE

Ray Lodge Road Woodford Green Essex IG8 7NX

WEBSITE

www.huaxiachristianchurch.org.uk

GOVERNING DOCUMENT

Constitution dated 31st August 2015

CHARITY REGISTRATION NUMBER

1165159

TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY

Chunsheng Zhang Katherine Lee Kai Xue Dakun Wang Qingyu Quentin Wang Shujie Ding

resigned November 2024 resigned December 2024 resigned November 2024 appointed November 2024 appointed November 2024 appointed March 2025

INDEPENDENT EXAMINER

Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

INDEX

Page 1 Legal & Administrative Details Pages 2 - 5 Trustees' Report Page 6 Independent Examiner's Report Page 7 Receipts and Payments Account Page 8 Statement of Assets & Liabilities Pages 9 - 10 Notes to the Accounts

Page 1

LONDON HUAXIA CHRISTIAN CHURCH

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31 DECEMBER 2024

Objects of the charity

The charity is a charitable incorporated organisation and is governed by its Constitution. The objects of the charity, as set out in the governing document are:

To advance the Christian religion for the benefit of the public, in accordance with the statement of beliefs attached to this constitution, in particular but not exclusively by:

The purpose of London Huaxia Christian Church (LHCC) is to glorify God and to serve the Chinesespeaking community in London by proclaiming the gospel of Jesus Christ, nurturing believers, and demonstrating Christ’s love through community engagement and discipleship.

In accordance with its charitable objectives, the church continues to provide a range of spiritual, educational, and community services, including worship, teaching, pastoral care, and outreach.

In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.

Summary of the charity's main activities and achievements

To further the above objects and vision, the charity's main activities and achievements were as follows:

Regular Activities

1. Sunday Worship and Services

Weekly in-person and online Sunday worship services were held for the congregation.

Sunday School classes were organised for children aged 4–12.

2. Online Prayer Meetings and Bible Studies

Morning prayer meetings were conducted online each weekday.

Evening Bible study groups met regularly online via Zoom.

3. Baptism Services

A total of 10 individuals were baptised in 4 services held during the year.

Page 2

4. Special Events and Celebrations

Chinese New Year Celebration – February 4, 2024

Easter Holiday Celebration – March 31, 2024

Mid-Autumn Festival & Welcome Party – September 22, 2024

Christmas Celebration – December 22, 2024

5. Retreats and Conferences

Retreat Camp

November 16, 2024, with guest speakers from Hong Kong, themed on “Love of God the Father” and “Truly Experience God”.

Short-Term Mission Conferences

May 20, 2024 – A full-day conference with missionaries from the US.

July 22, 2024 – Co-organised with UKFC to promote evangelistic mission.

Short-Term Mission Training

May 30 to June 1, 2024 – A 3-day student ministry and youth training camp held with UK Ambassadors for Christ.

6. Youth & Student Ministry

West London Student Fellowship:

Since 2024, LHCC has supported a weekly student fellowship held every Friday at:

Work.Life, Kings House, 174 Hammersmith Road, London, W6 7JP

Bible study, prayer, and small group sharing

Free dinner provided by the church

Seasonal outreach, including a welcome event in September/October and occasional excursions Average weekly attendance is approximately 15 people.

7. Community Engagement – Dance Fellowship

Tuesday Dance Fellowship Group:

Every Tuesday evening, LHCC hosted a local outreach programme for women and families in the church neighbourhood. Activities included:

Biblical sharing and prayer

Fellowship dinner

Dance class and light exercise

This ministry fostered strong community relationships and spiritual growth. Weekly attendance ranged from 10–15 participants.

Volunteers

In achieving our objectives, the Church encourages volunteers to serve, participate and lead in the various ministries including fellowship, worship and Bible studies. They also provide leadership in Deacon Board, Administration & Finance teams. The Volunteers play an essential role in the development of the Church's ministries.

We are grateful for the faithful support and generosity of our members, volunteers, and partnering ministries. May the Lord continue to guide LHCC as we serve Him and our community.

Page 3

Structure, Governance and Management

The Trustees are responsible for overseeing the charity’s mission, finance, and compliance with UK charity law. During 2024, the Board of Trustees met regularly, and a General Members' Meeting was held on November 24, 2024 , during which new deacons and trustees were elected. This was followed by a Registered Member Assembly for policy ratification.

Trustee Changes : Katherine Lee submitted her resignation in December and a replacement trustee was formally appointed in March 2025.

Financial review

This years accounts have been prepared on a receipts and payments basis in collaboration with Stewardship. Highlights include:

General funds remain stable, with appropriate allocation toward ministry and outreach.

Restricted donations were carefully identified and recorded.

The church continued to manage its financial operations prudently, ensuring good stewardship of resources.

During this year the charity's income was £67k (2023: £58k), and its regular operational expenditure was £39k (2023:£38k plus £29k building renovation work), resulting in a £28k surplus (2023:deficit £9k). As a result the cash held by the charity this year has increased by £28k to £63k, £6k of which is restricted in use and a further £29k has been designated for specific expenditure by the trustees. For further details, please refer to the attached financial statements.

Reserves policy

The trustees have determined that the charity should aim to hold unrestricted cash of no less than £5k so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £57k (£29k is designated in purpose) and the charity is complying with its reserves policy.

Future Plans

In 2025, LHCC aims to:

Strengthen young adult ministries and discipleship pathways

Expand community outreach, including arts and health-focused initiatives

Develop leadership training for deacons and fellowship leaders

Continue supporting short-term mission involvement

Page 4

Key risks and uncertainties

The charity is exposed to various risks - be they operational, financial or reputational. The trustees review the charity's activities regularly to identify significant risks and, where possible, they take appropriate measures to mitigate those risks.

The Trustees confirm that the church is financially sustainable and able to continue operating for at least the next 15 months. Financial controls and governance practices are regularly reviewed in accordance with Stewardship’s guidance and Charity Commission requirements.

Responsibilities of trustees

Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.

We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.

We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.

Approval

This report was approved by the trustees and signed on their behalf by:

Dakun Wang DAKUN WANG

………………………………………………………..

Date: 3 October 2025

Page 5

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

LONDON HUAXIA CHRISTIAN CHURCH

I report to the trustees on my examination of the accounts of London Huaxia Christina Church ('the charity') for the year ended 31 December 2024 on pages 7 to 10 following.

Responsibilities and basis of report

As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or

  1. the accounts do not accord with the accounting records.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Lisa Darby

Lisa Darby FCA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB

Date: 13 October 2025

Page 6

LONDON HUAXIA CHRISTIAN CHURCH

RECEIPTS AND PAYMENTS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
Income receipts
Donations and Legacies
Building Fund Donations
Gift aid receipts
Charitable Activities
Interest Income
Other
Total receipts
Payments
2
3
Total payments
Transfers between funds
5
Net movement in funds
Cash funds as at last year end
Cash funds at this year end
A
Net
of
receipts
/
(payments)
before
transfers
Grants
paid
in
relation
to
charitable
activities undertaken by others
Payments
in
relation
to
charitable
activities undertaken directly
Building renovation cost		 General
Designated
Funds
Funds
£
£
58,683
5,060
-
-
-
-
1,705
-
387
-
301
-
61,075
5,060
29,072
-
10,000
-
39,072
-
-
-
-
-
39,072
-
22,003
5,060
0
-
22,003
5,060
5,658
23,784
27,661
28,844
Unrestricted Funds		 General
Designated
Funds
Funds
£
£
58,683
5,060
-
-
-
-
1,705
-
387
-
301
-
61,075
5,060
29,072
-
10,000
-
39,072
-
-
-
-
-
39,072
-
22,003
5,060
0
-
22,003
5,060
5,658
23,784
27,661
28,844
Unrestricted Funds		 Restricted
Funds
£
1,229
-
-
-
-
-
1,229
-
-
-
-
-
-
1,229
-
1,229
5,161
6,390		 2024
£
64,972
-
-
1,705
387
301
67,364
29,072
10,000
39,072
-
-
39,072
28,292
-
28,292
34,603
62,895		 2023
£
General
Funds
£
58,683
-
-
1,705
387
301
61,075
29,072
10,000
39,072
-
-
39,072
22,003
0
22,003
5,658
27,661
54,137
161
1,970
1,045
80
300
57,692
35,604
2,000
-
-
-
-
-
-
5,060
-
5,060
23,784
28,844		 37,604
29,289
29,289
66,892
(9,200)
-
(9,200)
43,803
34,603

The notes on pages 9 - 10 form part of these accounts.

Page 7

LONDON HUAXIA CHRISTIAN CHURCH

STATEMENT OF ASSETS AND LIABILITIES

FOR THE YEAR ENDED 31 DECEMBER 2024

Notes
A
Cash funds
Cash at bank with immediate access
Notice deposits (3 months or less)
Notice deposits (over 3 months)
Petty cash
B
Other monetary assets
Gift aid due to charity
Prepayments
C
Liabilities
Falling due within one year
Trade creditors
Fee for Independent Examination		 General
Designated
funds
funds
£
£
3,702
8,844
3,966
10,000
20,000
10,000
(7)
-
27,661
28,844
Unrestricted Funds		 General
Designated
funds
funds
£
£
3,702
8,844
3,966
10,000
20,000
10,000
(7)
-
27,661
28,844
Unrestricted Funds		 Restricted
funds
£
-
6,390
-
-
6,390		 2024
£
12,546
20,356
30,000
(7)
62,895
15,227
6,908
22,135
1,703

1,080
2,783		 2023
£
26,410
8,083
-
110
34,603
6,241
699
15,227 - -
6,908
22,135
1,703
1,080		 -
-
-
-		 -
-
-
-
6,940
1,000

1,200
- -
2,783 - - 2,200

D Assets retained for charity's own use

Land and buildings (purchased 2022)
Church & Office Equipment		 Fund to
which asset
belongs
Cost
£
1,007,442
5,374
1,012,816

Property and equipment is shown in these accounts at insurance values as estimated by the Trustees.

E Guarantees and secured debts

The charity has not given any guarantees and has not provided its assets as security for any liabilities.

The accounts were approved by the trustees and signed on their behalf by:

Dakun Wang

DAKUN WANG

Date: 3 October 2025

The notes on pages 9 - 10 form part of these accounts.

Page 8

LONDON HUAXIA CHRISTIAN CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

1 Accounting policies

The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for

2
Payments in relation to charitable activities undertaken directly
Children's Activities
Church Outreach and Mission work
Speakers Honorarium
Church Events & Activities (Inc. food)
Venue hire
Church maintenance and cleaning
Church equipment
Utilities
Insurance
IE fee
Legal Costs
Office Costs
Miscellaneous expenses		 Unrestricted Funds
General
Designated
funds
funds
£
£
1,641
-
1,150
-
6,300
-
10,020
-
-
-
63
-
690
-

4,639
-
1,291
-
1,200
-

1,240
-
607
-
232
-

-
-
-
-
29,072
-		 Unrestricted Funds
General
Designated
funds
funds
£
£
1,641
-
1,150
-
6,300
-
10,020
-
-
-
63
-
690
-

4,639
-
1,291
-
1,200
-

1,240
-
607
-
232
-

-
-
-
-
29,072
-		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-		 Total
2024
£
1,641
1,150
6,300
10,020
-

63
690
4,639

1,291
1,200
1,240

607
232
-

-
29,072
 Total
2023
£
780

3,000
4,500

3,504
-
757
1,540

7,538
1,567
6,780

-
5,274
364

-
-
-
-
-
-
-
-
-

-
-
-
-
-
-
-
-
-
35,604
3
Grants paid in relation to charitable activities undertaken by others
Grants for:
Individuals (For Global Mission)
Mission Donation
8,000
Organisation (For Global Mission - UKAFC)
Mission Donation
2,000
10,000		 -
-
-		 -
-
-		 8,000
2,000

10,000		 -
2,000
2,000

Page 9

LONDON HUAXIA CHRISTIAN CHURCH

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2024

4 Transactions with related parties

Pastor Paul Wei Lee (related party to Trustee Katherine Lee) was paid preaching fees of £1,300 during the year (2023: £1,400). These payments are permitted by the charity's governing document.

Reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.

5 Movement of funds

General funds
Designated Funds
Pastoral Recruitment Fund
Theological Fund
Mission Fund
Unrestricted Funds
Restricted funds
Building Fund
Mission Ministry Fund
Church Dedication Fund
Church Renovation & Maintenance Fund
Church Equipment Fund
Church Youth Fellowship
Restricted Funds
Total funds		 Opening
balance
£
5,658
1,892
1,892
20,000
23,784
29,442		 Receipts
£		 Payments
£		 Transfers
£
-
-
-
-
-		 Closing
balance
£
61,075 (39,072) 27,660
1,892
6,952
20,000
5,060
5,060 - 28,844
66,135 (39,072) 56,504
161
1,209
2,500
20
1,500
1,000
161 - -
1,000 209 -
2,500 - -
- 20 -
1,500 - -
1,000
5,161
34,603		 1,229 - 6,390
62,894
67,364 (39,072)

Designated funds

Designated funds were created in 2023 for specific future expenditure plans as described by the fund name.

Restricted Funds

The Building Fund was created in 2021 for the funds raised for the future purchase of a building for the church. The church building was purchased during 2022 and is recorded as a General Fund Asset.

The Mission Ministry Fund was created in 2022 to support the mission ministry of the church. The Church Dedication Fund was created in 2022 to collect donations towards the future dedication ceremony of the new church building The Church renovation and Maintenance Fund was created to fund the work needed on the new church building. The Church Equipment Fund has been created to hold monies donated for future equipment needs. The Church Youth Fellowship Fund was created by a donation during the year specifically for this purpose.

Page 10