Charity Registration No. 1170046 Company Registration No. 10343035 (England and Wales) LEICESTER CHINESE CHRISTIAN CHURCH ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
LEICESTER CHINESE CHRISTIAN CHURCH LEGAL AND ADMINISTRATIVE INFORMATION Trustèes MrKMTang MrSWIp Professor G A Ng MrPKWChau MrKFMHui Mrs A Chan-chim Mrs F Chen (Appointed 27 May 2023> (Appointed 14 November 2023) (Appointed 29 October 2023) MS H Hung Charity number 1170046 Company number 10343035 Prln¢lpal address 64 Clarendon Park Road Leister LE2 3AD Reglstered offlc8 84 Clarendon Park Road Leicester LE2 3AD Independent examlnor Mr Carl Whitehead F.M.A.A.T TaxAssisl Accountant8 (Loughboroughl Ltd 95 Ashby Road Loughborough Leicestershire LE11 3AB
LEICESTER CHINESE CHRISTIAN CHURCH CONTENTS Paga Trustees, report Independent examinerfs report Statement of financial activities Balance sheet Notes to the financial statements 7-12
LEICESTER CHINESE CHRISTIAN CHURCH TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2024 The trustees present their report and financial statements for the year ended 31 March 2024. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Article ofAssociatlon. the Companies Act 2006 and "Accounting and Reporting by Charities.- Statement of Recommended Practice applicable to charities preparlng thelr account5 in accordance with the Flnancial Reporting Standard applicable in the UK and Republi¢ of Ireland {FRS 102). (as amended for accounting periods commencing from 1 January 2018) ObJe¢tlve$ and a¢tlvltlo5 The Charity's objectives are- The ¢hurGh advance5 the Christian faith via its services and groups which meet throughout Ihe week. At its services the church give8 time to the preaching of the Bible and the central Christian tenets of faith. During the week the ¢hur¢h has many sub groups whlch meet to study the blble and to have fellowship. These are open to all who are willing to attend. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what actlvltle8 the charity should undertake. Achlevements and performance Our regular Sunday services are English speaking service and Bilingual 8ervice (Mandarin and Cantone88) both at 11am. Each year, LCCC holds al least 2 Bapiism services in June and December. We also hold at least 4 Trilingual Services (English, Mandarin and Cantonese) a year, they are.. Easter Sunday seryice, Annual Mission Conferènce, Christmas Sunday Celebralion service and Christmas Day service. During the year, we saw the numbers of children attending our Sunday School increase espeGlally chlldren from BNO families. We also prepare the older children to move up into the youth group. New equipment has been invested. Donations continue to be at a sustainable level this together with the support of members. We will ¢onlinue to monitor our financial position monthly. We would like to thank all the volunteer who work so hard to make our church the lively and vibrant community it is. In particular we want to mentions our Junior Church teachers and helpers who have worked so tirelessly to nurture our next generation in their Chrislian lives and all other members of LCCC for their valuable contrlbullon to our ministries and for keeping the church runnlng. Flnanclal rovlew Current cashbook and bank account Indicate the Church has sufficient funds. There are no creditors and the Church receives stable offerings each month. It Is the policy of the charity that unrestricted funds which have not been de8lgnated for a specific use should be maintained at a level equivalent to two month's expenditure. The trustees considers thal reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to conlinue the Gharity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained al a level equivalent to two month's expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in fijnding, they will be able to continue the charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
LEICESTER CHINESE CHRISTIAN CHURCH TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major rlsks. Structure> goveman¢e and manag8ment The Charity is a company limited by guarantee with no share rapital. The trustees, who are also the directors for the purpose of company law. and who $erv8d durlng th8 y8ar and up to the date of signature of the financial statements were.. Mr P Chan (Resigned 28 Odober 2024) MrKMTang MrSWIp Professor G A Ng MrPKWChau MrKFMHui Mrs A Chan-chim Mrs F Chen Ms H Hung Mrs W Tsang Fu (Appointed 27 May 2023) (Appolnted 14 November 2023) (Appointed 29 October 2023) (Appointed 29 October 2023 and reslgned 24 May 2024) According to the Memorandum and Articles of Associatlon the number of trustees shall not be less than three persons. All the trustees must be members of the Church. Any nomination of new trustees shall be made by the Chuch and after vetting, Ihey shall be subjected to Ihe ratlfication by a majority of members attending the meeting IAGMIEGMI. Those new trustees shall be elected by one half majorities of members attending the m88tlng. None ofthe trustees has any beneficial inter88t in the Company. All of Ihe trustee8 are member8 of the company and guarantee to contribute £1 in the event of a winding up. The Company's Current policy concerning the payment of trade credltors Is to follow the CBI'S Prompt Pay8r8 Code (copies are available from the CBI, Cenlre Point, 103 New Oxford Street, London WC1A 1 DU). The company's ctsrrent poli¢y concerning the paymenl of trade creditors is to.. settle the terms of payment wilh suppliers when agreeing the temis of each transaction., ensure that suppliers are made aware of the terms of payment by inclusion ofthe relevant tems in contracts., and pay in accordance with the company's contractual and other legal obligations. Trade creditors of the Gompany at the year end were equlvalent to 14 day's purchases. based on the average daily amount invoiced by suppliers during the year.
LEICESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 nisati Within the Board of Trustees, there are different teams and department heads. 1) Spiritual Leadership (also known as Pastoral Team): members are Rev Esther Gwynne-James, Prof G Andre Ng and Mr Kim Man Tang. The spiritual leadership of the Church shall rest with the Spiritual Leadership. 21 The Trustees who are not members of the Spiritual Leadership are responsible for the management and administration of the Church's property and funds In accordance wlth the Articles. Departments and positlons include., Company Secretary 11. Treasurer iii. Combined Service Co-ordlnator iv. English Ministry Co-ordinator v. Special Projéctor Co-ordinator vi. Maintenance Co-ordinator vii. Prayer Secretary No preference dlvldends were pald. The dlrectors do not recommend payment of a final dividend. The trustee8' report was approved by the Board of Trustees. MrKM Trustee Dated.. 11 December 2024 MrSWIp Trustee Dated:11 December 2024
LEICESTER CHINESE CHRISTIAN CHURCH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LEICESTER CHINESE CHRISTIAN CHURCH I report to the trustees on my examination of the financial statements of Leicester Chinese Christian Church (the charity) for the yaar end8d 31 March 2024. Responslbllltlos and basis of report As the trustees of the charity (and also its directors for the purposes of company law) you are r8spon8ible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act). Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of th8 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity's finanGial statements carried out under section 145 of the Charities Act 2011 Ilhe 2011 Act). In carrying out my examination I hav8 followed all the applicable Directs'ons given by the Charity Commisslon under sectlon 145(5}{bl of Ihe 2011 Ad. Independ8nt examlner's 8tat8m8nt I have completed my éxamination. I conflm that no matters have come to my attention In connection with the examination giving me cause to believe that in any material respect.. a¢¢ounting re¢ord$ were not kept In respect of the charity as required by section 386 of the 2006 Act., or th8 financial statements do not accord with those records., or the financial statements 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 falr view whlch is not a matter considered as part of an independent examination-, or the financial statements have not been prepared in accordance wlth the methods and prlnclples of the Stalement of Recommended Practice for accounling and reporting by charitie5 applicable to charities preparing Ihelr accoLtnts in a¢¢ordanGe with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102). I hav8 no con¢em8 and have come across no other matters in connection with the examination to whlch attentlon should be drawn in this Teport in order to enable a proper understanding of the financial statements to be reached. Carl Whitehead F.M.A.A.T. of TaxAssist Ac¢ountants (Loughborough) Ltd 95 Ashby Road Loughborough Leicestershire LE113AB Dated.. 11 December 2024
LEICESTER CHINESE CHRISTIAN CHURCH STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unrestrictod R8$tricted funds funds Total 2024 Total 2023 Notes Donations and legacies Investments 92,952 3,572 24,666 117,618 3,572 109,879 Totsl Income 96,524 24,666 121.190 109,879 Charitable activities 88,881 15,013 103,894 121,181 Net Incomel{exp8ndlture} for the yearl Net movement In funds 7,643 9,653 17,296 (11,3021 FLtnd balances at 1 April 2023 394,936 108,289 503,225 514,528 Fund balance8 at 31 March 2024 402.579 117,942 520,521 503,226 The statement of financial activities includes all gains and108sès recognised in the y8ar. All income and exp8ndlture derlve from continuing activities. The statement of financial a¢tivilies also complies with the requirement8 for an Income and expenditure account under the Companies Act 2006,
LEICESTER CHINESE CHRISTIAN CHURCH BALANCE SHEET ASAT31 MARCH 2024 2024 2023 Notes Flxod assets Tangible assets Current assets Debtors Cash at bank and in hand 285,139 295,135 10 10.182 226,200 8.972 200,119 236,382 209,091 Credltor8: amounts falllng due wlthln ona year 11 (1,000> 11,000> Net current asset8 235,382 208,091 Totsl assets les8 current Ilabllltles 520,521 503,226 Income fund8 Restricted funds Unreslrlcted funds 117,942 402,579 108,290 394,936 520,521 503.226 The company is entitled to the exemption from the audit requirement cor)tained in 8ection 477 of the Companies Act 2006, for the year ended 31 March 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these financial statements. The trustees acknowledge their responsibllities for ensuring that the charity keeps accounting reGord8 which comply with section 386 of the Act and for preparing financial statements which give a true and fair view of the state of affairs of the company as at Ihe end of the financial year and of its incoming resources and applicalSon of resources, including its income and expenditure. for the financial year in accordance with the requirements of Seclions 394 and 395 and which otherwise comply wilh the requirements of the Companies Act 2008 relating to flnancial statements, so far as applicable to the company. These financlal statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The financial statements were approved by the Trustees on 11 December 2024 MrK Tang Trustee MrSWIp Trusteg Company Registration No. q0343035
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollclès Gharity Infomiatlon LeiGester Chinese Christian Church is a private company limited by guarantee incorporated in England and Wales. The registered office is 84 Clarendon Park Road. Le1$ter, LE2 3AD. 1.1 Accountlng convention The financial statements have been prepared in acrdanCe with the charlty's Memorandum and Article of Association, the Companies Act 2006 and 'Accounting and Reporting by Charitie8'. Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102)" (as amended for accounting Periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charlly has taken advantage of the provislons in the SORP for charitles applyino FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the functional currency of the charity. Mon8tary amounts in these financial statements are rounded to the nearest £. The financial slalements have been prepared under the historical ¢08t convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial in8trument8 at fair value. The principal accounting policies adopted are set out below. 1.2 Golng concern Al the time of approving the financial stalemenls, the trustees have a reasonable expeclatlon that the charity has adequate resources to continue in operatlonal exlstence for the foreseeable future. Thus the trustees continue lo adopt the going conrn basis of accounting in preparlng the flnancial statements. 1.3 Charltable funds Unrestrictèd funds are available for use at the discretion of the Iruslees in furtherance of thelr charitable oblectives unless the funds have been designated for other purpos88. Restricted funds are subject to specific ¢onditions by donors as to how they may be used. The purposes and uses ol the restricted funds are set out in the notes to the financlal statements. Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charlty. 1.4 Incoming resources Income is recognised when the Charity is legally entitled to it after any perfomiance conditions have bean met, the amounts can be measured reliably. and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless perfOrrnan conditions require deferral of the amounl. Incomè lax recoverable in relation to donations received under Gift Aid or deeds of ¢ovenant is recognised at the time of the donation. Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distTibution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the nomial course of business, net of discounts, VAT and other sales related taxes.
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies (Continuedl 1.5 Resources expended Liabilities arise from legal or Constructive obligations that commit the charity to expenditure. A liability and related expenditure must be recognised when all of the following criteria are m8t'. Obligation - a present legal or constwctive obligation exists at the r8POrting date as a result of a past event. Probable - it is more likely than not that a transfer of economic benefits, often cash, will be required in settlement. Measurement- the amount of the obligatlon can be measured or estimated reliably A legal obligation arises when a charity enters into a binding contract or there is a statutory requirement to make a payment. When a charity enters into a contract for the Supply of goods or services, expenditure is recognised once the supplier of the goods or services has performed their part ofthe contract A constructlve obligatlon arlses as a result of a charity's actlons wthen It Indicates to other parties that it accepts particular responsibilities and thereby creat8s a valid expectstion on their part that the charity will me81 them. 1.6 Tanglblo fixed a88ets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuatlon, net of d8precialion and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets le88 their re8idual values over their useful lives on the following bases.. Freehold land and buildings Fixtures and fittings 2% straight line 12.5% straight line The gain or loss arising on the disposal of an asset is determined as the dIffenCe beeen the sale proceeds and the carrying value of the asset. and is recognised in net incomel{expenditure) for the year. 1.7 Impalmient of fixèd assets At each reporting end date, the charity reviews the carrying amounts of its iangible assets to determine whether there is any indicalion that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Intsngible assets with indefinite useful lives and intangible assets not yet available for use are tested for impairment annually, and whenever there is an indication that the asset may be impaired. 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand. deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 Accounting poll¢las {Continu8dl 1.9 Flnancial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments. and Section 12 'Olher Financial Instruments Issues. of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity beGomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an inlention to settle on a n8t basis or to realise the asset and settle the liability simultaneously. Baslc financial assets BasSc financial a88et8, which include debtors and cash and bank balances, are initlally measured at transaction price including transaction costs and are subsequently carried at amortlsed cost using the effective inter8St method unless the arrangement Constitutes a financing transaction, where the transactlon is measurèd at the present value of the ftjture receipts discounted at a market rate ot interest. Financial assets classified as receivable within one year are not amortised. Baslc flnanclal Ilabllltles Basic financial liabilities. including creditors and bank loans are initially recognised at transactlon prlce unless the arrangement constitules a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried at amortised cost, using th8 èffective Interest rate method. Trade credltors ar8 obligatlons to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as Current liabilities if payment is due within on8 year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Derecognltlon of flnanclal Ilabllifies Flnancial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The cost of any unused holiday entit16ment Is rettignised in the period in whlch the employee's services are received. Terminatlon benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination beneflts. Critical accountlng estlmates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on hi5tori¢al experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and fvture periods where the revision affects both current and future periods.
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Donations and legacies Unrestrl¢tsd R8Stricted funds funds Total 2024 Totsl 2023 Donations and gifts 92,952 24,666 117,618 109,879 For the year ended 31 March 2023 83,726 26,153 109,879 Investments 2024 2023 Interest receivable 3,572 Charltsble actlvltlos 2024 2023 staff costs Depreciation and impairment Charitable expenditure 4.692 9,995 89,207 4,372 9,995 108,814 103,894 121,181 103,894 121,181 Trustoos None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year. 10-
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Employoos Number of employ88S The average monthly number employees during the year was: 1 2024 Number 2023 Number Employment ¢08ts 2024 2023 Wages and salarle8 4,692 4,372 Tanglblo flxed a88Ot8 Fr••hold land Flxtur•8 and nd bulldlng• flttlnp• Totsl Cost At 1 Aprll 2023 516,604 48,298 564,902 At 31 March 2024 516,604 48.298 564,902 Depreclatlon and Impalmiont Al 1 April 2023 Depreciation charged in the year 221,470 9.995 48,298 289,768 9,995 At 31 March 2024 231,465 48,298 279,783 Carrylng amount At 31 March 2024 285,139 285,139 At 31 March 2023 295,135 295,135 Flnancial instruments 2024 2023 Carrylng amount of flnanclal assets Debt inslruments measured at amortised cost 10,182 8,972 Carrying amount of financlal liabilities Measured at amortised cost 1,000 1,000 11
LEICESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 MARCH 2024 10 Dgbtor8 2024 2023 Amounts falllng due wlthin one year: Other debtors 10,182 8,972 11 Crndltors: amounts falllrbg duo wlthln onfr year 2024 2023 Trade creditorB 1,000 1,000 12 Analy818 of net a880ts between fund8 Total Fund balances at 31 March 2024 are represented by.. Tanglble assets Current assetsl(liabilitie$} 285.139 235,382 285,139 235,382 520.521 520,521 13 Related party transactlon8 There were no dlsclosable related party Iransactions during the year (2023 - none). 12-