Company registration number: 08743494 Charity registration number: 1169294 ## Leeds Alliance Church (A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 31 December 2020 ## Leeds Alliance Church ## Contents |Reference and Administrative Details|1| |---|---| |Strategic Report|2| |Trustees' Report|3 to 6| |Independent Examiner's Report|7| |Statement of Financial Activities|8| |Balance Sheet|9| |Notes to the Financial Statements|10 to 18| ## Leeds Alliance Church ## Reference and Administrative Details Trustees Reverend Chai Ming Cheung Mrs Zhu Tzi Jim In Peng Lei Secretary Mr Siu Boon Ma Principal Office 2A Blackman Lane Woodhouse Leeds West Yorkshire LS2 9ER The charity is incorporated in England and Wales. Company Registration Number 08743494 Charity Registration Number 1169294 Bankers HSBC 33 Park Row Leeds LS1 1LD Independent Examiner Fox Jennings Cullen Tarn House 77 High Street Yeadon Leeds West Yorkshire LS19 7SP Page 1 ## Leeds Alliance Church ## Strategic Report for the Year Ended 31 December 2020 The trustees, who are directors for the purposes of company law, present their strategic report for the year ended 31 December 2020, in compliance with s414C of the Companies Act 2006. 23/09/2021 The strategic report was approved by the trustees of the charity on .................... and signed on its behalf by: ......................................... Reverend Chai Ming Cheung Trustee Page 2 ## Leeds Alliance Church ## Trustees' Report The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 31 December 2020. ## Trustees Rev. Hing Wai Robert Law (resigned June 2020) Rev. Chai Ming Cheung (appointed January 2020) Mrs Zhu Tzi Jim (appointed September 2020) Ms Ping Ping Sii (appointed September 2020, resigned April 2021) Mr Siu Boon Ma (resigned September 2020) Ms Xiu Zhen Zhu (resigned April 2021) ## Structure, governance and management The company was incorporated on 22 October 2013 under the Companies Act 2006 as a company limited by guarantee, and is therefore governed by a memorandum and articles of association. On 21 September 2016 the charity became registered with the Charity Commission in England and Wales. All the directors of the company are also trustees of the charity. The trustees who served during the year under review and to date are set out on page 3. Under the articles of association at the AGM one third of the directors, who are subject to retirement by rotation, shall retire from office. The trustee body comprises practising Christians from a wide breadth of church tradition. The skill base of the trustee body is regularly reviewed. Where a need for additional skills is identified, recruitment is undertaken on an informal basis via the Christian community in Leeds. Prospective trustees are interviewed at a trustees' meeting. An induction pack is given to new trustees highlighting their responsibilities for the organisation. The trustees meet monthly to review the activities of the organisation. All trustees give their time voluntarily. ## Objectives and activities The objects of the charity are the advancement of the Christian faith in Yorkshire and in other parts of the world as the trustees think fit for the public benefit in accordance with the doctrinal statement set out in Appendix 1 of the governing document. The objects shall be pursued in accordance with the Christian principles set out in the Statement of Faith in the Schedule to the Articles. When reviewing the aims and objectives of the charity, and in planning future activities, the trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Charity Commission. Leeds Alliance Church is a Chinese Alliance Church at Leeds, we continued our work in serving the Chinese community in the area, leading them to Christ, and building up disciples of Jesus through worship, Bible study and courses, prayer meetings, fellowships, Sunday School, children ministries and programmes to serve the community. Page 3 ## Leeds Alliance Church ## Trustees' Report ## Achievements and performance The year 2020 was a challenging year. The church still conducted physical Sunday service and fellowships from January to February. Owing to the outbreak of Covid-19 and lockdown, Sunday service, most fellowships, and most meetings were only carried out online. Various physical activities we had before were frozen. - The Church annual theme in 2020 was “Spiritual Revival, Missionary Inheritance”. - We focus on the Book of Hebrews and Ecclesiastes for bible study of most fellowships. - Due to the Covid-19 outbreak in March, we adopted the online approach primarily to enable Sunday service and fellowships to take place uninterrupted. - In June we started 6 lessons of in-depth Sunday school on Ephesians via video conferencing. - Annual General Meeting was held on 6th of September. - 3 sessions of ‘Relational Evangelism Training’ were organised via video conferencing in Nov-Dec. - In December, we promoted the ‘Learning Class Without Walls’ online seminar offered by Alliance Bible Seminary titled ‘Four Servant Songs of Isaiah’ looking at the ministry of the believers of their spiritual characters and attitudes. - BNO : During November and December, we organised three online forums with the respective title of ‘15/11 Housing’, ‘29/11 Career’ & ‘13/12 Education’ to provide relevant information for both HK christians and non-believers who are considering a move to Leeds. - On Christmas day, we organised a BNO care action doorstep visit. Volunteers from the church had delivered gifts for those BNO families who arrived in Leeds recently. - An online Christmas celebration was carried out. Brothers & sisters met together to sing, games & sharing. - During the Covid-19 lockdown period between March and December, many students have subsequently left the UK and returned home, therefore Sunday service and fellowships were held via video conferencing. For those who don’t know how to use the video conferencing tools, the Bible study materials were delivered in audio format. Other means of caring were also done through telephone, doorstep visits and gift delivery. ## Pastoral Staff Minister-in-charge: Rev. Lawrence Chai Ming Cheung, pastoral staff employed by CACUUK in July 2019, is the minister-in-charge of the Church in 2020, responsible for leading the church ministries as well as administrative work, preaching, leading bible studies, Sunday school, and fellowships. Page 4 ## Leeds Alliance Church ## Trustees' Report ## Looking forward ## Pastoral Work - The 2021 annual theme of the church is “Connect to Christ; Build up to each other”. - Bible study: we focus on ‘Numbers' and ‘Judges’. - For BNO: As BNO migrants are moving to Leeds successively, HK immigrants cell group is set up for the purpose to provide pastoral care and gospel sharing. - Preparing LAC Church constitution: LAC will be adopting the template prepared by CACUUK. - 2020 to 2021 deacon training: to build up the spiritual life of the deacons. - Bible study group leader training anticipated in June: the church needs to set up and train more leaders to participate in leading the Bible study for the work of ministry. - Sunday school course in the second half of 2021. - Baptism class to be organised, if any, for the new believers and to be coordinated with the circumstances of the church. - Student fellowships & evangelical outreach events will resume if physical gatherings are allowed in the second half of the year. ## Financial review Although a difficult year in 2020 due to COVID-19 we still praise our Lord for the providence, thanks for the faith of the whole congregation. The cash flow of LAC was £1,925 inwards in 2020. General Fund: The total donation LAC received from Sunday Services and fellowships was £18,971. The Gift Aid claimed from April 2019 to March 2020 was £3,775. The gift aid claimed from April 2020 to December 2020 was £2,053, received in July 2021. The total expenses were £6,809. The net income of General Fund for the year was £15,937. The accumulated balance at the year end was £61,019. Personnel Fund: £3,605 was raised from the offerings and £20,262 was received from CACU. The Gift Aid claimed from April 2019 to March 2020 was £4,303. There were £42,287 outgoings in the personnel fund. The accumulated balance at the year end was £731. Property Fund: £970 was received from the offering this year. The Gift Aid claimed from April 2019 to March 2020 was £471. There were no outgoings in Property Fund. The accumulated balance at the year end was £90,495. Mission Fund: The total donation received was £465. The Gift Aid claimed from April 2019 to March 2020 was £987. The gift aid claimed from April 2020 to December 2020 was £7, received in July 2021. We have contributed £1,868 to CACU, £598 for the student fellowship dinner, £322 for local missions. The accumulated balance at the year end was £1,342. Charity Fund:There were no incomings and outgoings. The accumulated balance remains as £194 at the year end. Page 5 ## Leeds Alliance Church ## Trustees' Report ## Reserves policy The Reserves Policy for the Church is to hold a minimum sum equivalent to 3 months' average expenditure which is broadly equivalent to £5,000. This should be sufficient to meet any unforeseen item of major expenditure on the assessment and to be able to continue, in the short term, funding planned activities in the event of any inability to raise the funds from the giving of the church. To achieve this, Leeds Alliance Church will aim to put £1,000 per year into reserves from income until that level is achieved. The trustees (who are also the directors of Leeds Alliance Church for the purposes of company law) are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. Company law requires the trustees to prepare financial statements for each financial year. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charitable company's transactions and disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The annual report was approved by the trustees of the charity on .................... and signed on its behalf by:23/09/2021 ......................................... Reverend Chai Ming Cheung Trustee Page 6 ## Leeds Alliance Church ## Independent Examiner's Report to the trustees of Leeds Alliance Church I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 8 to 18. ## Respective responsibilities of trustees and examiner As the charity’s trustees of Leeds Alliance Church (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’). Having satisfied myself that the accounts of Leeds Alliance Church are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the 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 matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of Leeds Alliance Church as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view' which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. ...................................... A D Ormondroyd FCA Fox Jennings Cullen Tarn House 77 High Street Yeadon Leeds West Yorkshire LS19 7SP Date:............................. Page 7 ## Leeds Alliance Church ## Statement of Financial Activities for the Year Ended 31 December 2020 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses) |||Unrestricted funds|Unrestricted funds|Unrestricted funds||Restricted||Total||Total| |---|---|---|---|---|---|---|---|---|---|---| |||Designated||General||funds||2020||2019| ||Note|£||£||£||£||£| |Income and Endowments|from:|||||||||| |Donations and legacies|3|28,099||20,209||(89)||48,219||52,600| |Total Income||28,099||20,209||(89)||48,219||52,600| |Expenditure on:||||||||||| |Charitable activities|4|(44,975)||(7,985)||-||(52,960)||(33,573)| |Total Expenditure||(44,975)||(7,985)||-||(52,960)||(33,573)| |Net (expenditure)/income||(16,876)||12,224||(89)||(4,741)||19,027| |Transfers between funds||762||783||(1,545)||-||-| |Net movement in funds||(16,114)||13,007||(1,634)||(4,741)||19,027| |Reconciliation of funds||||||||||| |Total funds brought||||||||||| |forward||18,187||48,012||92,323||158,522||139,495| |Total funds carried forward|13|2,073||61,019||90,689||153,781||158,522| All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for 2019 is shown in note 13. The notes on pages 10 to 18 form an integral part of these financial statements. Page 8 ## Leeds Alliance Church ## (Registration number: 08743494) Balance Sheet as at 31 December 2020 |||2020||2019| |---|---|---|---|---| ||Note|£||£| |Fixed assets||||| |Tangible assets|9|133||265| |Current assets||||| |Debtors|10|2,160||7,750| |Cash at bank and in hand|11|153,746||151,821| |||155,906||159,571| |Creditors: Amounts falling due within one year|12|(2,258)||(1,314)| |Net current assets||153,648||158,257| |Net assets||153,781||158,522| |Funds of the charity:||||| |Restricted income funds||||| |Restricted funds||90,689||92,323| |Unrestricted income funds||||| |Unrestricted funds||63,092||66,199| |Total funds|13|153,781||158,522| For the financial year ending 31 December 2020 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. Directors' responsibilities: - The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476; and - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements on pages 8 to 18 were approved by the trustees, and authorised for issue on 23/09/2021 .................... and signed on their behalf by: ......................................... Reverend Chai Ming Cheung Trustee The notes on pages 10 to 18 form an integral part of these financial statements. Page 9 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## 1 Charity status The charity is limited by guarantee, incorporated in England and Wales, and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £Nil towards the assets of the charity in the event of liquidation. The address of its registered office is: 2A Blackman Lane Woodhouse Leeds West Yorkshire LS2 9ER Authorised for issue date ## 2 Accounting policies ## Summary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated. ## Statement of compliance The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). They also comply with the Companies Act 2006 and Charities Act 2011. ## Basis of preparation Leeds Alliance Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## Going concern The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity. ## Exemption from preparing a cash flow statement The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. ## Income and endowments All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of the income receivable can be measured reliably. Page 10 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## Donations and legacies Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period. ## Expenditure All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources. ## Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. ## Governance costs These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses. ## Tangible fixed assets Individual fixed assets costing £250.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses. ## Depreciation and amortisation Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows: Asset class Depreciation method and rate Fixtures and equipment 25% straight line ## Fund structure Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity. Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. Page 11 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## 3 Income from donations and legacies ||Unrestricted funds|Unrestricted funds|Unrestricted funds||Restricted||Total| |---|---|---|---|---|---|---|---| ||Designated||General||funds||funds| ||£||£||£||£| |Donations and legacies;|||||||| |Donations from individuals|24,332||18,971||970||44,273| |Gift aid reclaimed|3,767||1,238||(1,059)||3,946| |Total for 2020|28,099||20,209||(89)||48,219| |Total for 2019|23,032||26,950||2,618||52,600| ## 4 Expenditure on charitable activities ## Unrestricted ||||||Total||Total| |---|---|---|---|---|---|---|---| ||Designated||General||2020||2019| ||£||£||£||£| |Direct charitable expenditure|42,287||2,778||45,065||15,317| |Congregational expenses|-||2,972||2,972||13,857| |Administration of the church|-||259||259||267| |Fellowships, school expenses and|||||||| |evangelical events|2,688||73||2,761||3,115| |Other charges|-||1,903||1,903||1,017| ||44,975||7,985||52,960||33,573| ## Direct Charitable Expenditure Unrestricted ||||||Total||Total| |---|---|---|---|---|---|---|---| ||Designated||General||2020||2019| ||£||£||£||£| |Minister working expenses|-||388||388||-| |Charity donations & mission|||||||| |support|-||2,390||2,390||3,709| |Personnel expenses|42,287||-||42,287||11,608| ||42,287||2,778||45,065||15,317| Page 12 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 |Congregational expenses|||Unrestricted||||| |---|---|---|---|---|---|---|---| ||||||Total||Total| ||||General||2020||2019| ||||£||£||£| |Speaker's fees|||35||35||810| |Speaker's travelling expenses|||-||-||464| |Hire of church premises|||2,410||2,410||10,535| |Car park fees|||375||375||1,500| |Travel/Mileages allowance|||92||92||396| |Anniversary & Christmas expenses|||60||60||152| ||||2,972||2,972||13,857| |Administration of the Church|||Unrestricted||||| ||||||Total||Total| ||||General||2020||2019| ||||£||£||£| |Printing, stationery and advertising|||68||68||66| |Equipment, repairs and maintenance|||71||71||81| |CCPAS & DBS|||120||120||120| ||||259||259||267| ||||||||| |Fellowships, schools expenses and|||||||| |evangelical events|Unrestricted||||||| ||||||Total||Total| ||Designated||General||2020||2019| ||£||£||£||£| |Sunday children school|-||42||42||91| |Welcome/CNY/Summer and|||||||| |Outreach events|2,688||-||2,688||1,651| |Student fellowship|-||31||31||1,373| ||2,688||73||2,761||3,115| Page 13 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 |Other charges|Unrestricted||||| |---|---|---|---|---|---| ||||Total||Total| ||General||2020||2019| ||£||£||£| |Independent examiner fees|||||| |Examination of the financial statements|663||663||615| |Legal and professional|390||390||-| |Internet domain fees|420||420||-| |Depreciation|132||132||132| |Insurance|298||298||270| ||1,903||1,903||1,017| ## 5 Net incoming/outgoing resources Net (outgoing)/incoming resources for the year include: |||||2020|2019| |---|---|---|---|---|---| |||||£|£| |Depreciation|of|fixed|assets|132|132| ## 6 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year. ## 7 Independent examiner's remuneration ||||||2020|||2019|| |---|---|---|---|---|---|---|---|---|---| ||||||£|||£|| |Examination|of|the|financial|statements||663|||615| ||||||||||| ## 8 Taxation The charity is a registered charity and is therefore exempt from taxation. Page 14 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## 9 Tangible fixed assets |9
Tangible fixed assets|||||||| |---|---|---|---|---|---|---|---| |||Fixtures and|||||| |||equipment||||Total|| |||£||||£|| |Cost|||||||| |At 1 January 2020|||1,381|||1,381|| |At 31 December 2020|||1,381|||1,381|| |Depreciation|||||||| |At 1 January 2020|||1,116|||1,116|| |Charge for the year|||132|||132|| |At 31 December 2020|||1,248|||1,248|| |Net book value|||||||| |At 31 December 2020|||133|||133|| ||||||||| |At 31 December 2019|||265|||265|| ||||||||| |10 Debtors|||||||| |||2020||||2019|| |||£||||£|| |Prepayments|||100|||100|| |Other debtors||2,060||||7,650|| |||2,160||||7,750|| ||||||||| |11 Cash and cash equivalents|||||||| |||2020||||2019|| |||£||||£|| |Cash on hand|||69|||100|| |Cash at bank||153,677||||151,721|| |||153,746||||151,821|| ||||||||| |12 Creditors: amounts falling due within one year|||||||| |||2020||||2019|| |||£||||£|| |Other creditors|||868|||1,314|| |Accruals||1,390||||-|| |||2,258||||1,314|| Page 15 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## 13 Funds |13 Funds|||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||||Balance at| ||Balance at 1||||||||31| ||January|Incoming|||Resources||||December| ||2020|resources|||expended|||Transfers
2020|| ||£||£||£|||£|£| |Unrestricted funds|||||||||| |General|||||||||| |General fund|48,012|20,209|||(7,985)|||783
61,019|| |Designated|||||||||| |Personnel fund|14,698|27,405|||(42,287)|||915
731|| |Mission fund|3,489||694||(2,688)|||(153)
1,342|| ||18,187|28,099|||(44,975)|||762
2,073|| |Total unrestricted funds|66,199|48,308|||(52,960)|||1,545
63,092|| |Restricted funds|||||||||| |Property fund|90,309||(89)||||-|275
90,495|| |Personnel fund|1,820||-||||-|(1,820)
-|| |Charity appeal fund|194||-||||-||-
194| ||92,323||(89)||||-|(1,545)
90,689|| |Total funds|158,522|48,219|||(52,960)||||-
153,781| ||||||||||Balance at 31| ||Balance|at 1|Incoming||||Resources||December| ||January|2019|resources||||expended||2019| ||£|||£||||£|£| |Unrestricted funds|||||||||| |General|38,890||||26,950|||(17,828)|48,012| |Designated|10,900||||23,032|||(15,745)|18,187| |Total unrestricted funds|49,790||||49,982|||(33,573)|66,199| |Restricted funds|89,705||||2,618|||-|92,323| |Total funds|139,495||||52,600|||(33,573)|158,522| Page 16 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ## Purposes of designated funds A designated fund is a particular form of unrestricted fund, consisting of amounts of unrestricted funds which have been allocated or designated for specific purposes by the church itself. The use of designated funds for their designated purposes will remain at the decision of the directors. Personnel fund - the fund was set up to employ a minister. Mission fund - the fund was set up to support specific mission events of the church. ## Purposes of restricted funds Restricted funds are funds subject to specific conditions, imposed by the donors and binding on the directors of the Church Council. They represent unexpended restricted income and/or other assets on which restrictions as to their use apply. The conditions may alternatively be imposed not by the donors but by the trusts relating to the donation. Property fund - it is a pool of unexpended resources, held and maintained separately from other pools. It should only be used to acquire any church properties or maintain properties belonging to the church. Personnel fund - the fund was set up to employ a minister. Charity appeal fund - it is a pool of unexpended resources, held and maintained separately from other pools. It should only be used to provide assistance to individuals who are unconnected with the Church council members and who encouner short term financial hardship or Christian charities whose purposes are to provide humanitarian aid to the poor in general. A series of transfers were made in the year to bring the financial statements back in line with the trustees' internal records in respect of restricted and designated funds. This was done with the agreement of the trustees and ensures that this and future accounting periods have a more accurate reflection of funds. ## 14 Analysis of net assets between funds ||||||||Total funds at| |---|---|---|---|---|---|---|---| ||Unrestricted funds||||Restricted||31 December| ||General||Designated||funds||2020| ||£||£||£||£| |Tangible fixed assets|133||-||-||133| |Current assets|63,144||2,073||90,689||155,906| |Current liabilities|(2,258)||-||-||(2,258)| |Total net assets|61,019||2,073||90,689||153,781| Page 17 ## Leeds Alliance Church ## Notes to the Financial Statements for the Year Ended 31 December 2020 ||||||||Total funds at| |---|---|---|---|---|---|---|---| ||Unrestricted funds||||Restricted||31 December| ||General||Designated||funds||2019| ||£||£||£||£| |Tangible fixed assets|265||-||-||265| |Current assets|49,061||18,187||92,323||159,571| |Current liabilities|(1,314)||-||-||(1,314)| |Total net assets|48,012||18,187||92,323||158,522| Page 18