COMPANY REGISTRATION NUMBEA: 10850435 CHARITY REGISTRATION NUMBER: 1174012 Leeds Chinese Christian Church Company Limited by Guarantee Unaudited Financial Statements 31 December 2023 MHH WARD MA Chart8red accountants Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD
Leeds Chinese Christian Church Company Llmlted by Guarantee Flnanclal Statements Year ended 31 December 2023 Page Trustees, annual report (incorporating the director's report) Independent examiner's report to the truslees Statement ol financial activities (including income and expenditure account) Statement of financial position Slatemenl of cash flows 10 Notes lo the financial slatemenls 11 The following pages do nol form part of the Ilnanclal statements Detailed slalement of financial activities 24 Notes to the detailed statement of financial aclivities 26
Leeds Chinese Chrlstian Church Company Llmlted by Guarantee Trustees. Annual Report (Incorporating the Dlrector's Report) Year ended 31 December 2023 The Iruslees, who arg also the directors lor the Purposes ol company law. present their r8POrt and the unaudited financial slalemenls ol the charity lor the year ended 31 December 2023. Reference and admlnlstratlve detall$ Registered charlty name Leeds Chinese Christian Church Charlty reglstrallon numbor 1174012 Company reglstratlon number 10850435 Prlnclpal olflce and regislerod 155 Kirkslall Road offlce Leeds Wesl Yorkshire LS4 2AG The trust983 MrSOLee MrDYZhou Ms Liz S W Chan MrFBMok MrsKYFChan Mr R Jordan MrYWFong Mr K W Chiu - chief executive ollicèr MrPWLai MrYPChan MSAWU MsXZGuo Mrs R Cheung (Died 13 May 20231 Independent examlnet Howard Mallh8ws BA FCA Queensgale Housg 23 North Part Road Harrogale North Yorkshire HG15PD
Leeds Chinese Chrislian Church Company Llmlled by Guarantee Trustees, Annual Report (Incorporatlng the Dlrector's Report) (¢onllnu•d) Year ended 31 December 2023 Slruclurei governance ond managemenl The church's constilulion details thè management and goveinan¢e ol the Church. The church Iruslees is made up ol spiritual leadeiship and a minimum 013 appointed members. The appointment ol new Iruslees lakes placa al the Annual General meeting which usually occurs around April. The appointed embers usually continue to seryice unless they resigned or terminated. New Trustees are subjecl lo selection al the Annual general m88tng. The spiritual leadership and the appointed members are Iruslees ol the church. The Iruslees chairman is responsible lor the induction ol any new Iruslee which involves awareness ol a Iruslee's responsibililies, the governing and adminislralive procedures. A new Iruslee would receive a copy ol the Charity Commission leaflet 'The Essential Trustee.. What you need lo know,. The church council has thirteen Iruslees in 2023 and hall ol them have held ollice lor more than 20 years. The church also employed three pasloral workers and two part Ilme adminislralive stall workers. The Chinese school employed an adminislrative stall as well. The paid pastoral workers are presenl in most ol the managemenl meetings lo advice bill have no voling power in de¢ision making. The church council meets allernale months, except in the summer, lo discuss mallers arising Irom the day lo day running ol the Church. The Church council lakes a precautionary approach when applying lor external funds and no such application was made In 2023. Risk management During the financial period the Trustees have reviewed the major risks lo which the Charity is exposed, parllcularly those related lo Ihe Ilnances ol the Charlly. The Trustees have consldered thè approprlale policies, procedufes and systems and are confident that they are adequate lo mitigate the Charills exposure lo the major risks.
Leeds Chinese Chrislian Church Company Llmlted by Guarantee Trustees, Annual Report (Incorporatlng ihe Dlrecior's Report) (contlnuod) Year ended 31 D6cembor 2023 Oblectlves and actlvllios The Legds Chinese Chrislian Church registered with the Charlly Commission in July 2017 (charity no.. 11740121, having previousty b&&n an unincorporaled charity since 1990. The main objectives ol the church arè lo provide a Christian spirilual homa Main Ibul not exclusively) to thè Chinese population in Wosl Yorkshire and surrounding area . lo share and live oul Ihe Christian laSlh among the Chlnese populallon support mainly Ibul not excluslvelyl Chinese speaking university students lo settle down wllh their study through the university chaplaincy Pastoral care lo hospital patlenls Part ol the univgrsily team providing pastoral care lo both Leeds universities sludenls In order lo teach the local kx)rn Chinese about Chinese Culture, the Leeds Chinese School was 9slablished more than thirty years ago and nowadays il is leaching both Cantonese and Mandarin. The School has ils lessons in the church building during mosl Saturday alleinoon5 in schoollgrms. Public benefit slalemènl The trustees conlirrn they have complied with IheSr duly In section 17{Sl ol thè 2011 Charities Act to have due regard lo the guidance on public benefit published by the Charity Commission in exercising their powers and duties. Achlevements and pertorman¢e The church continues lo serve the Chinese Communily in Leeds in 2023 by hosling various eventslmeelings al the Ghurch building al 155 Kirkslall Road.
Leeds Chinese Christian Church Company Llmlted by Guarantee Trustees, Annual Report {Incorporaling the Director's Report) (contlnued) Year ended 31 December 2023 Flnanelal revlew Most ol Ihe church's Sncome is Irom the giving ol Ihe church rnembers land past members from oversèas). For those who pay tax and give lo the church, the church will seek permission from them lo give as gill aid and apply lor refund Irom the Inland Revenue. Other income includes gills from other churches and bank inleresl. The income lor general fund is £160,497 and building fund is £469,672. Expenditure lor the general fund is £149,197 and building fund is £40,685. Total funds lor the church have increased from £1,713,916 10 £2,151,555 from 2022 10 2023. The church council decided lo convert the buildlng's basement Irom storage lo meeting rooms and work was completed in the summer 012017. Conslruclion ol the new hall started on 16 January 2023 and ¢omp1818d on 20 December 2023. The church remained open during the new hall consliuclion. Reserves pc>licy The Charity holds £25,000 ol vnreslricled funds in reserve. This money would allow the Charlly lo provide a service lor a perlod ol three months il other funds were nol available. Plans for future periods We were saddened by the sudden passing away ol church senior pastor Dr Y P Chan In May 2023. As a result, we are working on successor plans lo replace the loss. The new worshlp hall has been in use since janary 2024. We are grateful loi the financial support received from present and past members from UK and overseas. We will not expect this amounl ol financial income and support lo continue. On 111124 the church has £127200 interest free loan which we aim lo return in the next 5 years. We also consider renting oul the church lo other Christian churches lor Christian charity organisationsl dsjring weekdays lo generate income lo pay oll the new hall conslruclion cost. A lol ol Hong Kong residents moved lo Leeds city and nearby area and lew families joined the Leeds Chinese Christian Church. We aim lo reach out lo them and inlroduce them lo tho church. Small company provlslons This report has been prepared in accordance with the provisions applicable lo companies enli11gd lo the small companies exemption.
Leeds Chinese Chrislian Church Company Limiled by Guarantee Trustees, Annual Report (Incorporallng the Dlrector's Report) (contlnuedl Year ended 31 December 2023 The Iruslees. annual report was approved on 19 March 2024 and signed on behall of the board ol Iruslees by.. MrFBMok Trustee
Leeds Chinese Christian Church Company Limited by Guarantee Independent Examiner's Report to the Truslees of Leeds Chinese Christian Church Year ended 31 December 2023 I report lo the trustees on my examination ol the financial statements ol Leeds Chir¢ese Christian Church I'lhe charity'l lor the year ended 31 December 2023. Responsibilities and basls of report As the Iruslees DI the company land also ils directors lor the purposes ol company lawl you are responsible lor the preparation ol the financial slalemenls in accordance wilh the requiremgnls ol the Companies Act 20061'lhe 2006 A¢l'l. Having salislied myself that the accounls ol the company are not required lo be audited under Part 16 ol the 2006 Act and arB eligible lor indep8ndenl examination. I report in respecl ol my examinalion ol the charity's accounts as ¢arrièd out under section 145 ol the Charities Act 2011 I'lhe 2011 Ael'l. In carrying out my examination I have lollowed the Direclions given by the Charity Commission under section 14515llbl of the 2011 Act. Independenl examSnerfs statemenl Since the charity's gTOSS income exceeded £250,000 your examiner must be a rriember ol a body listed in section 145 01 the 2011 Act. I confirm that l am qualified lo undertake the examination because l am a member DI the Inslilule ol Chartered Accountants in England and Wales IICAEWI, which is one ol the listed bodies. I have completed my examination. I confirm Ihal no mallers have come lo rny attention in connection th the examination giving me cause to believe.. accounting records were not kept in iespecl ol the charity as roquired by section 386 01 Ihe 2006 Act., or the financial slalemenls do not accord wilh those records., or the financial slalemenls do not comply Ihe accounllng requirements ol section 396 01 the 2006 Act other than any requirement that Ihe accounls give a 'lrue and lai¥, view which is not a maller considered as part ol an independent exafflinalion., or the financial slalemenls have not been prepared in accordance with the methods and principles ol Ihe Slalemenl ol Recommendtrd Praelice lor accounting and reporting by charities applicable lo charities preparing Iheir accounts in accordance wlh the Financial Reporting Siandard applicable in the UK and Republic ol Ireland IFRS 1021.
Leeds Chinese Christian Church Company Limited by Guarantee Independenl Examlner's Report to the Trustees of Leeds Chinese Chrlstian Church (conllnuod) Year ended 31 December 2023 I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order lo enable a proper understanding ol the accounts lo be reached. L.J Howard Matthews 3A FCA Independent Examlner aueensgale House 23 North Part Road Harrogalè North Yorkshir9 HG15PD
Leeds Chinese Christian Church Company Limited by Guaranlee Stalement of Financial Activitles (including income and expenditure account) Year ended 31 December 2023 2023 Reslricled funds Tot•1 tunds 2022 Unreslricled funds Total funds Notè Income and endowments Donations and legacies Charitable activities Inveslmenl income 160,450 469,371 7,730 301 629,821 7,730 348 465,456 7,899 348 47 Total Income 160,497 477,402 637,899 473.703 Expendlture Expenditure on charitable acllvilies Taxation 149,197 51,063 200,260 186.289 66 Total expendlture 149,197 51,063 200,260 186,355 Net Income 11,300 426,339 437,639 287,348 Tianslers bètween funds 190,0001 90,000 N8t movemgnt in funds 178.7001 516,339 437,639 287,348 Reconclllatlon of funds Tolal funds brought forward Total funds carried forward 159,305 80,605 1,554,611 2,070,950 1,713,916 2,151,555 1,426,568 1,713,916 The slalemenl ol linan¢ial aclivilies includes all gains and losses recognised in the year. All income and expondilure derive from continuing aclivilies. The notes on pages 11 10 22 lorm part ol th088 flnanclal 51atements.
Leeds Chinese Chrislian Church Company Llmlted by Guarantee Stalement of Financial Posllion 31 December 2023 2023 2022 Not• Flxed assgts Tangible fixed assets 15 1,781,940 361.085 Curront assets Debtors Cash al bank and In hand 16 32,163 466,732 498,895 36,799 1,408.478 1,445,277 Credltors: amounts falling due withln one year Net ¢urront assets 17 129.280 92,446 1,352,831 1,713,916 369.615 Total assets less current liobllitle$ 2.151,555 Nel assets 2,151,555 1,713,916 Funds of the charlty Reslricled funds Unreslricled funds 2,070,950 80,605 1,554,611 159,305 1,713,916 Total charlty fund$ 19 2,151,555 For Ihe year ending 31 December 2023 the ch8rlly was enlilled lo èxemption from audit under section 477 of the Companies Act 2006 relating lo small companies. Directors, responsibilities.. The members have not required the company lo obtain an audit ol ils financial stalemgnts lor the year In question in aocordancè wllh seclion 476. The directors acknowledge their responsibilit16s lor complying with the requirements of the Act wilh respeol lo accounting records and the prèparation ol financial slalemenls. These linanclal slalemenls have been prepared in accordance with Ihe provisions applicable lo companies subjecl lo the small companies. regime. These financial slalemenls were approved by the board ol trustees and aulhorised lor issue on 19 March 2024, and are signed on behalf ol the board by: MrFBMok Trustee Thg nolos on pages 11 to 22 fomi pthrt ol thes& Ilnanclal $tatoments.
Leeds Chinese Christian Church Company Llmlled by Guarantee Statement of Cash Flows Year ended 31 December 2023 2023 2022 C8$h Ilows from operatlng activities Nel income 437,639 287,348 Adjustmenls for.. Depreciation ol tangible fixed assets Oiher interest receivable and similar income Taxation Accrued expenses 39,885 13481 9,280 13481 66 480 720 Changes in.. Tiade and other debtors Txade and other creditors 4.636 36,180 518.712 {16,8771 20.000 Cash generated Irom operations 299,949 Interest recgived Tax paid Net cash from operating activities 348 1661 518,994 348 300,297 Cash tlows Irom invesllng acllvltle$ Purchase ol tangible assels Nel cash used in investing activities 11,460,740) 11,460,740) 173,9441 173,9441 Net Ide¢rease)lincrease in cash and cash equlvalents Cash and cash equivalents at beginning ol yoar Cash and Cash equivalents at end of yoar 1941,7461 1,408,478 226,353 1,182,125 466,732 1,408,478 The noles on page5 11 to 22 form part ol these fln8nclal statements. 10
Leeds Chinese Christian Church Company Limlted by Guarantee Notes to Ihe Financial Statements Year ènded 31 December 2023 Genergl Inlormatlon The charity is a public benefit enlily and a prlvale company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. Thg address ol the rggislered olliGe is 155 Kirkslall Road. Leeds, Wesl Yorkshire. LS4 2AG. Statement of compllance These financial slalemenls have been prepared in eompliance wllh FRS 102, 'Thè Financial Reporting Standard applicable in the UK and the Republic ol Ireland,, the Slalement ol Reco>mmended Practice applicable to Gharilies preparing Iheir accounts in accordanc8 with the Financial Reporting Slandard applicable in the UK and Republic ol Ireland IFRS 1021 (chariteS SORP IFRS 1 D211 and the Companies Act 2006. Accounllng pollcles Basis Of preparatlon The linanclal slalemenls have been prepared on the hlstorical cost basis, as modllied by the revaluation ol cerlain financial assets and liabilities and investment properties measured al lair value through income or expenditure. The financial slalemenls are prepared in sterling, which Fs the functional currency ot the enlily. Golng ¢oneeYn There are no material uncertainlies al)out the charitS ability lo contlnue. Judgements and key sources of e$tlmatlon uncertainty The preparation of the financial slalemenls requires management lo make judgèments, esllmates and assumptions that allecl the amounts reported. These esllmales and judgements are continually review8d and arè based on oxperience and other factors, including expectations ol lulure gvenls that are believed to be reasonable under the circumstances. Income tax The laxalion expense represents the aggregate amount ol current and deferred lax recognised in the reportlng period. Current lax is recognised on taxable income or expendilurg lor the current and past periods. Current lax is measured al Ihe amounts ol lax expected lo pay or recover using tho lax rates and laws that have b8en enacled or subslanlively enacted al the reporting dale. Deferred lax is recognised in respect ol all 1Sming dilleronces al Ihe reporting dale. Unrelieved lax losses and other delerrtsd lax assets are recognised lo Ihg exlerbt that il is probable Ihal they will be recovered against the reversal ol deferred lax liabilities or other lulure taxable profits. Deferred lax is measured using the lax rates and laws that have been enacted or subslanlively enacted by the r9porting date that are expected lo apply lo the reversal ol the liming dillerence. 11
Leeds Chinese Christlan Church Company Limiled by Guarantee Notes to the Financlal Slatemenls iconllnued) Year ended 31 December 2023 Accounilng pollcles (¢ontitJued) Fund accounllng Unreslricled funds are available ltsr use al Ihg discretion ol the Irusteos lo further any ol the charity's purposes. Designated funds are unreslricled funds earmarked by the Iruslees lor particulai lulure projecl or commilmenl. Reslricled funds arg subjecled lo reslriclions on Iheir expenditure declared by the donor or through the terms ol an appeal. and lall into one ol two sub-¢lasses.' reslricled income funds or endowmenl funds. Incoming resources All incoming resources are included in th8 slalement ol financial activities when entitlement has passed lo the charity.. il is probable Ihal the economic bgnelils associated with the Iransaclion will flow lo the charity and thg amounl can be raliably measL+red. The following specilic pollcies are applied lo particular categories ol income: Income from donallons or grants Is recognlsed when there is 8vidence ol enlillemenl lo the gill, receipt is probable and ils amount can be measured reliably. legacy income is recognised when Teceipl is probable and enlillemenl is established. income from donated goods is measured al the laii value ol the goods unless this IS impraclical lo measure reliably. in which case Ihe value is derived from the cos1 to the donor or the eslimaled resale valLJe. Donated facilities and services are recognised in the accounts when received il the value Can be reliably measured. No amounts are included lor the conlribullon ol general volunteers. income from contracts lor the supply ol services is recognised with the delivery ol the conlracled service. This is classified as unrestricted funds unless there Is a conlra¢lual requirfjmenl for il lo be spent on a particular purpose and returned11 unspent, in which case il may be regarded as reslricled.
Leeds Chinese Christian Church Company Llmlted by Guarantee Noies to the Flnanclal Statements (conllnued) Year ended 31 December 2023 Accounting polleles {conllnu8d) Resourc&$ expended Expenditurè Is recognised on an acGruals basis as a liability is incurred. Expgndllurè includes any VAT which cannot be lully recovered, and is classified under headings of the slalemenl ol financial activities lo which il relates- expenditure on raising ftjnds includes the cosls ol all fundraising acllvilles, 8venls, non- charitable trading aclivitSes, and the sale ol donated goods. expenditure on charitable activities includes all costs incurred by a charily in undertaklng activities that further ils charitable aims lor the ben&lil ol ils beneliclaries, including those support costs and costs relaling lo the governance ot the charity apportioned lo charitable activities. other expenditure includes all expendllure that is neilher related lo raising funds lor the charity nor part tsf Its expenditure on charitable aclivilies. All costs are allocated lo expendFfure calegorl&8 reflecting th9 us¢ ol the resource. Direcl costs attributable lo a single aclivily are allocated directly lo that aclwily. Shared costs are apportioned botween Ihe acliviligs thgy contribute lo on a reasonable, jusliliable and consislenl basis. Tanglble as8ets Tangible assets are initially recorded al cost, and subsequently slated al cost less any accumulated depreciation and impairment losses. Any langible ass8ls carried al revalued amounts are recorded al the lair value al the dale ol revalualion less any subsequenl accumulated depreciation and subsequent accumulated impaSrmenl lossgs. An increase in the carrying amount ol an asset as a result ol a revaluation, Is r&cognised in other recognised gains and losses. unless it revgrse5 a chargè lor Impairment Ihal has previously been recognised as expenditure within the statement ol linanoial aclivilies. A dgcreasg in the carrying amounl ol an asset as a result ol revalualion, is recognised in other recognised gains and losses. except lo which il 011sels any previous revaluation gain, in which case the loss Is shown within olhei recognised gains and losses on the slalemenl of linanclal activities. Depre¢lallon Depreciafjon is calculaled so as lo write oll the cosl or valuallon ol an asset, les5 Ils rgsldual value, over the tjselul economlc life ol that assèt as lollow5.' Freehold property Fixtures and litlings Motor vehicles BuildSng renovations 2Q/ts slraighl line 20f*/o Straight line 20Yo Straight line 1 OYO slraighl line 13
Leeds Chinese Christian Church Company Llmited by Guarantee Notes to the Financlal Statemenls (¢onllnt*dJ Year ended 31 Dècember 2023 Aecounting pollcies (conllntsed) Impalrment of Ilxgd assets A review lor indicalors ol impairment Is carried oul al each reporting date, with the recoverable amount being gslimaltrd where such indicators exist. Where the carrying value exceeds Ihe recoverable amount, the asset is impaired accordingly. Prior impalrmenls are also reviewed lor possible reversal at each reporting dale. For the purposes ol impairment lesling, when 11 is not possible to estimate the recoverable amount DI an individual asset, an eslimal8 is rnade ol the recoverable amount ol the cash- generating unil lo which the asset belongs. The cash-generaling unil is the smallest idenliliable group ol assets that includes the asset and generates ¢ash inflows that largely ind8pendenl ol the cash Inflows from oiher assets or groups ol assets. For impairmonl lesling ot goodwill. the goodwill acquired in a business cotnbinalion is. from the acquisition dale, allocated to each ol the cash-generating unils that are expected lo bènelil from the synergies ol Ihe combination, irrespective ol whether other assets or liabilities ol Ihe charity are assigned lo those units. Flnanclal Instruments A linancSal asset or a financial liability is recognisgd only when the charity bgcomes a party lo the conlraclual provisions ol the Inslrumenl. Basic financial instruments are initially recogllised al the amount receivable or payable including any related Iransaclion costs. Current assets and Current liabilities are subsequently measured al the cash or other consideration expected lo be paid or received and not discounted. Debt instruments are subsequently measured al amorlised cost. Where investments in shares are publicly traded or their lair value can otherwise be measured reliably, the investment is subsequgnlly measured al lair value with changes in lair value recognised in income and expènditure. All other such investments are subsequently measured al cost less impairment. Other financial inslrumenls, including derivat5ves, are inilially recognis8d al lair value, unless payment for an asset is deferred beyond normal business lerms or financed al a lale ol inleresl that is not a market rate, in which case the asset is nieasured al the present value ol Ihe lulure payments discounted al a market rale ol interest lor a similar debt instrument. Other financial instruments are subsequently measure(t al lair value, with any changes recognised in the statement of financial aclivilies, wilh the exc&plion ol hedging inslrumenls in a designated hedging relalionship, Financial ass&ls that are measured al Cost or amortised cost are reviewed lor objective evidence ol impairmenl al the end ol each reporting dale. 11 there is objective evidence ol impairm8nl, an impairmenl loss is recognised under the appropriate heading in the statement ol financial aclivilles in which the inilial gain was recognised. 14
Leeds Chinese Christian Church Company Llmlted by Guarantee Notes to the Financlal Statements (¢Phffnu¢d) Year ended 31 December 2023 Accounting polleles (conllnued? Flnanclal Instrumenls (¢¢Ntrtlnu8dJ For all eqully inslrumenls Togardless ol signilican¢g. and other financial assets that are individually signilicanl, these are assessed individually lor impairment. Other financial assets are either assèssed individually or grouped on the basis ol similar credit risk characlerislics. Any reversals ol impalrmenl are recognised immediately, lo the extent that the revèrsal does nol result in a carrying amount ol Ihe financial asset that exceeds what the carrying amount would have been had Ihe impairment ntsl previously been recognised. Deflned contrlbutlon plon$ contributions to defined oontribullon plans are recognised as an @xpense in the period in which the related service is provided. Prepaid contributions arg recognised as an asset lo the exlenl that the pr&paymenl will lead lo a reduction in lulure payments or a cash refund. When contributlons are not expected lo b8 $9111od wholly wilhln 12 monlhs ol the end ol the reptrrting dale in which the employees render the relaled service, the liability is measured on a discounted present valuè basls. The unwinding ol the discount is recognised as an expense In the pgriod in which il arises. Llmiled by guarantee Leeds Chinese Christian Churoh is a company limited by guarantee and accordingly does not have a share capit81. Every member of the company undertakes lo contribute such amount as may be required nol exceeding £1 to the assets ol the charitable company in the evtsnl ol ils being wound up while he or she is a memb8r, or wilhin one year aller hè or she ceases lo be a member. Donations and legacies Unreslricled Funds Reslricled Total Funds Funds 2023 Donallons Ollerings 138,097 457,863 595,960 Other donations and legacies Gill aid 22,353 160,450 11.508 33,861 469,371 629.821 Unreslricled Funds R8slricled Total Funds Funds 2022 Donatlon$ Ollerings 136,868 288,472 425,339 15
Leeds Chinese Christian Church Company Llmlted by Guarantee Noles to the Flnanclal Stalements 1¢gniinuod) Year ended 31 December 2023 Donatlons and legacles (eonllnuprfj Unrestrioled Funds Reslricled Total Fund5 Funds 2022 Olher dongllons and legacles Gill aid 17,987 22,129 310,601 40,117 154,855 465,456 Charltable aclSvllles Reslricled Total Funds Funds 2023 Fl8slricted Total Funds Funds 2022 Chinese school inoome 7.730 7,730 7,899 7.899 Investmeni Income Unrestricted Funds Reslricled Total Funds Funds 2023 Bank interest receivable 47 301 348 Unreslricled Funds Restricted Tolal Funds Funds 2022 Bank interest receivable 47 301 348 16
Leeds Chinese Christian Church Company Llmlted by Guaranlee Notes to the Flnanclal Statements (¢ontlnued? Year ended 31 December 2023 Expenditure on charitable actlvltles by fund type UnrÈslricted Funds Reslricled Total Funds Funds 2023 Church Chinese school Suppoil lo missions Support costs 125.695 40,685 10,378 166,380 10,378 21,402 2,100 21,402 2,100 149,197 51.063 200.260 Unrestricted Funds Reslricled Total Funds Funds 2022 Church Chinese school Support lo missions Support costs 146,060 9,280 11,379 155,340 11,379 18,190 1,380 186.289 18.190 1,380 165,630 20,659 Expendlture on charltable actlvltle$ by actlvlty typo Activities undèrtaken directly Support costs Total funds 2023 Total fund 2022 Church Chinose school Support lo missions Governance costs 166,380 10.378 21.402 166,380 10,378 21,402 2,100 200,260 15S,340 11.379 18,190 1,380 2.100 198,160 2,100 186,289 10. Taxation Major components ol lax expense 2023 2022 Current tax: UK current lax expense Taxatlon 66 66 17
Leeds Chinese Christian Church Company Llmiled by Guaranlee Notes to the Flnanclal Statements (eOnlIn) Year ended 31 December 2023 10. Taxatlon (continuedl Reconciliation of tax expen$e The lax assessed on the income lor the year Is the same as12022.' the same asl the standard rale ol corporation lax in the UK o1190/.12022.' 19 /.). 2023 2022 Income belore laxalion 437,639 287,414 Income by rale ol lax 66 11. Not in¢ome Nel income is slated aller chargingllcredilingl.. 2023 2022 Depreciation ol langible fixed assets 39,885 9,280 12. Indep*ndent examination foos 2023 2022 Fees payable lo the independent exaFnin8r lor.. Independent examination of the financial slalements 1,500 1,380 13. Stalt costs The lolal stall Costs and ernployee benelSls lor the reporting period are anatysed as follows.. 2023 2022 Wages and salaries Employer conlribulions lo pension plans 89,582 2,575 94,423 2,359 96,782 92.157 The average head counl ol employees during the year was 712022.. 71. The average numbgr ol lull-llffle equivalent employees during the year is analysed as follows: 2023 No. 2022 No. Charitable activities Adminlslralion No employee received employee benefits ol more than £60,000 during the year12022.' NIII.
Leeds Chinese Christian Church Company Llmlted by Guarantee Notes to the Flnanclal Statements (conllnued) Year ended 31 December 2023 14. Trustee remuneratlon and expenses No remuneration or other benefits from employment with the charily or a related enlily were received by the trustees. Honorarium payments, as permilled by the chartys governing document, were paid lo the following Iruslees.. Dr Johnny Y P Chan, Kim Chan, DT Pong Lai, Ms Liz Chan £3,065. This is included in honorarium paid lo internal speakers. During the year the following ITuslees received the lollowlng amounts in respect of exponses incurred.. Dr Johnny Y P Chan, Kim Chan. Pong Lai £2,612. The payments were reimbursement ol telephone and travel expenses. The chIlY has purchased insurance lor the twslees and officers ol the charily against liability arising from any wrongful acts in relation lo the charity. 15. Tanglble flxed assets Freehold Fixtures and property fittings Motor Building vehicles renovations Total Cost Al 1 January 2023 Additions 463,977 1,453,015 21,088 7.725 28,813 9.050 88,235 582,350 1,460.740 88,235 2,043.090 At 31 Decèmber 2023 1.916,992 9,050 Depreclallon At 1 January 2023 Charge lor the year At 31 December 2023 102.892 38,340 141,232 21,088 1,545 22,633 9,050 88,235 221,265 39,885 261,150 9,050 88,235 Carrylng amount Ai 31 December 2023 1,775,760 361,085 6.180 1,781.940 Al 31 December 2022 361,085 16. Debtors 2023 2022 Other debtors 32,163 36.799 19
Leeds Chinese Christlan Church Company Limlted by Guarantee Notes lo the Financial Statements (conllnu8dJ Year ended 31 Decembe¥ 2023 17. Credltors: amounts lalllng due wlthln one year 2023 2022 Accruals and deferred income Corporalion lax Other creditors 2,100 1,380 66 91.000 127.180 129,280 92,446 18. Penslons and other post reliremont benellts Defined contrlbutlon plans The amount recognised in income or expenditure as an expense in relation lo defined contribution plans was £2,57512022'. £2.3591. 19. Analy$ls ol charitable lunds Unreslrlcled tunds Ai 1 January 202 At 31 December 2023 Income Expenditure Transfers General funds 1 $9,305 160,497 1149,1971 190,0001 80,605 At 1 January 202 Al 31 December 2022 Income Expendllure Transfers General funds 170,042 154,902 1165,6391 159,305
Leeds Chinese Christian Church Company Limlted by Guarantee Notes to the Financlal Statemenls {eontlnu•dJ Year ended 31 December 2023 19. Analysls ol charltable funds (¢otr¥tlnuedJ Restrlcted funds Al 1 January 202 At 31 December 2023 Income Expenditure Transfers Building fund Chinese school Mr 8urrows fund 1,546,041 6,008 2,562 1,554,611 469,672 7,730 140,6851 110,3781 90,000 2,065.028 3,360 2.562 2,070.950 477,402 151,0631 90,000 Al 1 JanLtary 202 Al 31 Decemb&r 2022 Income Expenditure Transfers Building fund Chinese school Mr Burrows fund 1,244,476 9,488 2,562 1,256,526 310,902 7,899 19,3371 111,3791 1,546,041 6,008 2,562 1,554,611 318,801 120,7161 Building lund a fund lo finance the cost of a new church buildlng Chinese sch¢)ol - lo Itjnd the opèration ol Chinese language classes Mr Burrows fund - lo provide help lo those wishing lo study Thèology in preparation lor lull lime churGh ministry 20. Analys1$ of net as8et$ botween lunds Unreslricled Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Nel assets 1,781,940 1,781.940 82,705 416,190 498,895 12,100} 1127,1801 1129,2801 80,605 2,070,950 2,151,555 Unrestrlcled Funds Reslricled Total Funds Funds 2022 Tangible fixed assets Current assels Creditors less than 1 year Not assets 361.085 1,284,583 191,Q571 1,554,611 361.085 1,445,277 192,4461 1,713,916 160,694 11.3891 159.305 21
Leeds Chinese Chrislian Church Company Limiled by Guarantee Notes to the Financlal Statemenls (conllnuedl Yèar ended 31 December 2023 21. Analy$i$ of Changes in ngt debl At Al 1 Jan 2023 Cash flows 31 Dee 2023 Cash al barik and in hand 1,408,478 1941,7461 466.732 22. Related partles There have bean no related party llansacllons during the period that requlre disclostjre. 22
Leeds Chinese Chrislian Church Company Llmited by Guarantee Management Informatlon Year ended 31 December 2023 The followlng pages do not form part of the flnan¢lal statements.
Leeds Chinese Christian Church Company Llmlled by Guaranlee Detalled Statement of Financlal Activilies Year ended 31 December 2023 2023 2022 Income and endowments Donalions and legacies Ollerings Gill aid 595.g60 33.861 425,339 40,117 629.821 465.456 Charilable a¢tivrti8s Chinese school income 7,730 7,899 Inveslmenl IncoTne Bank interest receivable 348 348 Total income 637,899 473,703 24
Leeds Chinese Christlan Church Company Llmlted by Guarantee Delalled Statement of Financial Actlvltles {ltInu¢d) Year ended 31 December 2023 2023 2022 Expendlture Expenditure on charitable actlvltles Wages and salaries Pension costs Other eslablishmenl Lègal and professional lees Other ollice costs Depreciation Gills lo COCM Special gills Gills lo missionaries Equipment MinSbus running expenses Sunday school Sundrios Stall and speaker expènses HonorarSum lo internal speaker Honorarium lo outside speaker Conference expenses Library books and tapes Catering Teacher travel allowance Gills 89,582 2,575 15,900 2,aoo 1.367 39,885 6.200 94.423 2,359 27,026 1,380 930 9,280 6,600 7.590 4,000 2,134 2.841 250 5,073 5,613 2.750 1,490 500 1.030 1.875 9,114 31 5,402 1,433 2,400 577 2.128 2,612 3,065 3,520 1.423 850 1,824 7.617 200.260 186,289 Taxatlon Current tsxalion chargelcredil 66 Tolal expendlturè 200,260 186,355 Nèt Income 437,639 287,348 25
Leeds Chinese Christian Church Company Limiled by Guarantee Notes to Ihe Detalled Statemenl of Financlal Activltles Year ended 31 December 2023 2023 2022 Expendlture on Charllable 8ctlvltle$ Church Actlvltles undèrtaken dlre¢tly Ministry salaries Pension costs Church building running expenses Depreciation Equipment Minibus ¥unning expenses Sunday school Sundries Stall and speaker expenses Honorarium lo in18rnal speaker Honorarium to outside speaker Conference expenses Library books and tapes Calerlng 89,582 2,575 15,900 39,885 1,433 2,400 577 734 2,612 3,065 3,520 1,423 850 1,824 94,423 2.359 27.026 9.280 2,134 2,841 250 3.769 5.613 2,750 1.490 500 1,030 1,875 166,380 155,340 Chlnese school Activities undertaken dlrectly Slalionery hAiscellaneous Teacher travel allowance Gllls 1,367 1,394 7,617 930 1,304 9,114 31 10.378 11.379 Support to misslons Acllvitles undertaken dlrectly Gills lo COCM Special gills Gifts to missionaries 6,200 9,800 5,402 21,402 6,600 7,590 4,000 18,190 Governance ¢ost$ Governance costs - accountancy fees 2,100 1,380 Expendlturo on Charitable actlvities 200,260 186,289 26