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2022-09-30-accounts

True Jesus Church Cambridge (TJCC)

Aim and purposes

The TJCC has the responsibility of co-operating with the UKGA and UKGA assigned preachers, Preacher Steven Shek and Raymond Leacock in promoting the whole mission of the church.

Objectives and Activities

The Objectives of the charity are to advance the Christian faith for the benefit of the public in accordance with the statement of faith.

When planning our activities for the year, the TJCC have considered the Commission’s guidance on public interest and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our church community through:

Achievements and Performance

Worship and Prayer

A full-service schedule between 11:30am and 3:30pm continued from Q4 2021 to end the financial in Q3 2022. In addition to the Spring, Summer and Autumn Spiritual Convocations there were 5 pastoral visits over the year in February, March, June, September and December.

Pastoral Care

Our volunteers routinely organised family visits to members that were not able to attend church service. In addition, our church organised additional visits on the Sundays when the UKGA preacher visited. We maintained regular Religious Education classes on Saturdays and online on Sunday. We held weekly Friday evening fellowship.

Mission and Evangelism

Evangelical events were held in April, July and October 2022.

Financial Review

Total receipts on unrestricted fund were £1770. Restricted donations received were £38384 and are detailed in the Financial Statements. Income from Gift Aid was £6517. £14561 was spent in the financial year.

The net result of the year was a surplus of receipts over payments of £26068. Adding bank and deposit balances brought forward at the beginning of the year, the balance carried forward at 1[st] October 2022 on unrestricted funds and restricted funds totalled £170455.

We thank the church volunteers to provide their homes for our routine and ad hoc services. We are grateful for the generosity of individual members and UK churches for their offerings and loans. In

additions weekly food and drink and transport costs were met by volunteers to such an extent the expenditure of the church was kept to a minimal.

Structure, governance and management

The method of appointment of TJCC Trustees is set out in the TJC UK General Assembly By-Law. All members of congregation, subjected to conditions in the By-Law, could stand for election to become TJCC Trustees.

The Trustees are responsible for making decisions on all matters of general concern including deciding on how the funds of TJCC are to be spent. Important matters require the approval from more than 66% of the membership via vote at General Meetings.

Administrative information

Address

The TJCC is situated in Park Street, Dry Drayton, Cambridge CB23 8DA. TJC Cambridge is a charity regulated by the Charity Commission.

The TJCC Trustees who have served from 1[st] January 2020 until the date of this report was approved were:

Vincent Yeung (Religious Affairs and Chairman) Wing Hing Chan K-Young Pang Eirene Yeung

Approved by the Trustee on 17 October 2022 and signed on their behalf by Vincent Yeung (TJCC Chairman)

Financial Statements For the Year ended 30 September 2022

Unrestricted Restricted
Funds Funds Total 2022 2021
£ £ £ £
RECEIPTS AND PAYMENT ACCOUNT
Receipts
Planned giving 350 26067 26417 36318
Collections (offering box) 1420 5774 7194 7108
Income tax recovered 6517 6157 9080
Investment Income 26 26 75
Total 1770 38384 40154 52581
Payments
Church activities
School Rental 480 480 220
Internet 302 302 292
Electricity 616 616 212
Building work 11708 11708 1288
Building Insurance 607 607 572
UKGA contribution 531 506
Misc 317 317 604
IA 2150
Repayment 13000
Subtotal 2246 12316 14561 18845
Excess of Receipts Over Payments -476 26068 25593 33736
Bank current and deposit accounts 1st Oct 142274 110081
Bank current and deposit accounts 30th Sep 170455 142274
Statement of Assets and Liabilities
Cash Funds
Bank current account 30455 30455 59784
Deposit account 140000 140000 80075
Cash 2415
Total 30455 140000 170455 142274
Other Monetary Assets
Income tax recoverable 0 6517 6517 9080
Fixed Assets 250000 250000
Liabilities - UKGA contribution 531 531 506
Loan 50000 50000
Total Assets 376441 350848

Approved by the Trustee on 17 October 2022 and signed on their behalf by Vincent Yeung (TJCC Chairman) and Eirene Yeung (TJCC Financial Officer)

Notes:

  1. The financial statements of the TJCC have been prepared in accordance with the Church Accounting Regulations 2006 using the Receipt and Payment basis

  2. The movements in designated and restricted funding during the year were:

The Building fund represents accumulated donations for acquisition and maintenance of church building, which can only be spent for that purpose.