COMPANY REGISTRATION NUMBER. 10850435 CHARITY REGISTRATION NUMBER: 1174012 Leeds Chinese Christian Church Company Limited by Guarantee Unaudited Financial Statements 31 December 2024 SMH HOWARD MATTHEWS LTD Chartered accountants Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD
Leeds Chinese Christian Church Company Limited by Guarantee Financial Statements Year ended 31 December 2024 Page Trustees. annual report (incorporating the director's report) Independent examiner's report to the trustees Statement of financial activities (including income and expenditure account) Statement of financial position Notes to the financial statements 10 The following pages do not form part of the financial statements Detailed statement of financial activities 21 Notes to the detailed statement of financial activities 23
Leeds Chinese Christian Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) Year ended 31 December 2024 The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024. Reference and administrative details Registered charity name Leeds Chinese Christian Church Charity registration number 1174012 Company registratlon number 10850435 Principal office and registered 155 Kirkstall Road office Leeds West Yorkshire LS4 2AG The trustees MrSOLee MrDYZhou Ms Liz S W Chan MrFBMok MrsKYFChan Mr R Jordan MrYWFong Mr K W Chiu - chief executive officer MrPWLai MSA Wu MsXZGuo Mrs R Cheung (Resigned 30 April 2024) Independent examiner Howard Matthews BA FCA Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD
Leeds Chinese Christian Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 Structure> govemance and management The church's Memorandum & Articles of Association details the management and governance of the church. The church trustees is made up of spiritual leadership and a minimum of 3 appointed members. The appointment of new trustees takes place at the Annual General meeting which usually occurs around April. The appointed members usually continue to service unless they resigned or terminated. New Trustees are subject to selection at the Annual general meeting. The spiritual leadership and the appointed members are trustees of the church. The trustees chainnan is responsible for the induction of any new trustee which involve5 awareness of a trustee's responsibilities, the goveming and administrative procedures. A new trustee would receive a copy of the Charity Commission leaflet The Essential Trustee: What you need to know,. The church trustees board has twelve trustees in 2024 and half of them have held office for more than 20 years. The church also employed three pastoral workers and two part time administrative staff workers. The Chinese school employed an administrative slaff as well. The paid pastoral workers are present in most of the management meetings to advice but have no voting power in decision making. The church council meets altemate months, except in the summer, lo discuss matters arising from the day to day running of the church. The church council takes a precautionary approach when applying for external funds and no such application was made in 2024. Risk management During the financial period the Trustees have reviewed the major risks to which the Charity is exposed, particularly those related to the finances of the Charity. The Trustees have considered Ihe appropriate policies, procedures and systems and are confident that they are adequate to mitigate the Charity's exposure to Ihe major risks.
Leeds Chinese Christian Church Company Limited by Guarantee Trustees. Annual Report (Incorporating the Director's Report) (contlnued) Year ended 31 December 2024 Objectives and actlvlties The Leeds Chinese Christian Church registered with the Charity Commission in July 2017 (charity no: 1174012), having previously been an unincorporated charity since 1990. The main objectives of the church are to provide a Christian spiritual home mainly (but not exclusively) to the Chinese population in West Yorkshire and surrounding area to share and live out the Christian faith among the Chinese population support mainly (but not exclusively) Chinese speaking university students to settle down with their study through the university chaplaincy Pastoral care to hospital patients Part of the university team providing pastoral care to both Leeds universities students In order to teach the local born Chinese about Chinese Culture, the Leeds Chinese School was established more than thirty years ago and nowadays it is teaching both Cantonese and Mandarin. The School has its lessons in the church building during most Saturday afternoons in school terms. Public benefit statement The trustees confirm they have complied with their duty in section 17{5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by thé Charity Commission in exercising their powers and duties. Achievements and performance The church continues to serve the Chinese Community in Leeds in 2024 by hosting various eventslmeetings at the church building at 155 Kirkstsll Road.
Leeds Chinese Christian Church Company Limited by Guarantee Trustees. Annual Report {Incorporating the Directorfs Report) (contlnu6d) Year ended 31 December 2024 Financial revlew Mosl of the church's income is from the giving of the church members {and past members from overseas). For those who pay tax and give to the church, the church will seek permission from them to give as gift aid and apply for refund from the Inland Revenue. Other income includes gifts from other churches and bank interest. The income for general fund is £181,955 and building fvnd is £178,416. Expenditure for the general fund is £174,305 and building fvnd is £44,617. Total funds for the church have increased from £2,151,555 to £2,294,776 from 2023 to 2024. The church council decided to convert the building's basement from storage to meeting rooms and work was completed in the summer of 2017. Construction of the new hall started on 16 January 2023 and completed on 20 December 2023. The church remained open during the new hall constructlon. Reserves policy The Charity holds £25.000 of unrestricted funds in reserve. This money would allow the Charity to provide a service for a period of three months if other funds were not available. Plans for future periods We were saddened by the sudden passing away of church senior pastor Dr Y P Chan in May 2023. As a result, we are working on successor plans to replace the loss. The new worship hall has been in use since January 2024. We are grateful for Ihe financial support received from present and past members from UK and overseas. We will not expect this amount of financial income and support to continue. On 111125 the church has £51,000 interest free loan which we aim to return in the next 12 months. We also consider renting out the church to other Christian churches (or Christian charity organisations) during weekdays to generate income to pay off the new hall construction cost. A lot of Hong Kong residents moved to Leed5 city and nearby area and few families joined the Leeds Chinese Christian Church. We have been reaching out to them and introduced them to the church. Small company provislons This report has been prepared in accordance with the provisions applicable to companies entitled to the small Companies exemption.
Leeds Chinese Christian Church Company Limited by Guarantee Trustees, Annual Report (Incorporating the Director's Report) (continued) Year ended 31 December 2024 The trustees, annual report was approved on 2 March 2025 and signed on behalf of the board of trustees by: MrFBMok Trustee
Leeds Chinese Christian Church Company Limited by Guarantee Independent Examiner's Report to the Trustees of Leeds Chinese Christian Church Year ended 31 December 2024 I report to the trustees on my examination of the financial statements of Leeds Chinese Christian Church ('the charity,) for the year ended 31 December 2024. Responsibilities and basis of report As the trustees of the company (and also its directors for the purposes of company law) you are responsible for Ihe preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act,). Having satisfied myself that the accounts of the company 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 the 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 Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountants in England and Wales {ICAEW), which is one of the listed bodies. 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: accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act., or the financial ststements do not accord with those records- or the financial statements do not comply with the accounling 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 the financial statements 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 accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Leeds Chinese Christian Church Company Limited by Guarantee Independent Examiner's Report to the Trustees of Leeds Chinese Christian Church (¢ontlnued) Year ended 31 December 2024 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. Howard Matthews BA FCA Independent Examiner Queensgate House 23 North Park Road Harrogate North Yorkshire HG15PD 12 March 2025
Leeds Chinese Christian Church Company Limited by Guarantee statement of Financial Activities (including income and expenditure account) Year ended 31 December 2024 2024 Restricted funds Total funds Total funds 2023 Unrestricted funds Nots Income and endowments Donations and legacies Charitable activities Investment income 181,936 178.290 9,145 126 360,226 9,145 145 629,821 7,730 348 19 Total Incomè 181.955 187,561 369,516 637,899 Expendlture Expenditure on charitable activities Total expéndlture 174,305 174,305 51.990 226.295 200.260 51,990 226,295 200,260 Net income and net movement in funds 7,650 135.571 143,221 437,639 Reconclliation of funds Total funds brought forward Total funds carrled fOard 80,605 2,070,950 2.206,521 2,151,555 2,294,776 1,713,916 2,151,555 88,255 The ststement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. The notos on pages 10 to 19 form part of these financlal statements.
Leeds Chinese Christian Church Company Limited by Guarantee Statement of Financial Position 31 December 2024 2024 2023 Note Fixed assets Tangible fixed assets 14 1,923,040 1,781,940 Current assets Debtors Cash at bank and in hand 15 24,271 399,995 32,163 466,732 424,286 498.895 Creditors: amounts falling due wlthln one year Net current assets 16 52,530 129,280 371,736 369,615 Total assets less current liabilities 2,294,776 2.151,555 Net assets 2.294,776 2.151,555 Funds of the charity Restricted funds Unrestricted funds 2,206,521 88,255 2,070,950 80,605 2.151,555 Total charity funds 18 2,294.776 For the year ending 31 December 2024 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 nol required the company to obtain an audit of its financial ststements for the year in question in accordan with section 476., The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial stalements. These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies, regime. These financial statements were approved by the board of trustees and authorised for issue on 2 March 2025, and are signed on behalf of the board by: AbAI MrFBMok Trustee The notes on pages 10 to 19 form part of these financial statgments.
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements Year ended 31 December 2024 General information The charity is a public benefit entity and a private company limited by guarantee. registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 155 Kirkstall Road, Leeds, West Yorkshire, LS4 2AG. Statement of compliance These financial 5talements have been prepared in compliance with FRS 102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland,, the 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) (Charities SORP (FRS 102)) and the Companies Act 2006. Accounting policies Basis of preparation The flnancial statements have been prepared on the historical cost basls. as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through incorne or expenditure. The financial stalernents are prepared in sterling, which is the functional currency of the entity. Going concern There are no material uncertainties about the charity's ability to continue. Judgements and key sources of estimation uncertainty The preparation of the financial slatements requires management to make judgements. estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations offuture events that are believed to be reasonable under the circumstances. Fund accounting Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on thelr expenditure declared by the donor or through the tenns of an appeal, and fall into one of Iwo sub-classes= restricted income funds or endowment funds. 10
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 A¢¢ounting policies (continued) Incoming resources All incoming resources are included in the statement of financial activities when entitlement has passed to the charity., it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income.. income from donalions or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. legacy income is recognised when receipt is probable and entitlement is established. income from donated goods Is measured at the fair value of the goods unless thls is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. Resources expended Expenditure is recognised on an accrua15 basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the ststement of financial activities to which it relates.. expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. expenditure on charilable activities includes all costs incurred by a charity in undertaking activities that further ils charilable aims for the benefit of its beneficiaries, including those support costs and costs relating to the govemance of the charity apportioned to charitsble activities. other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charilable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned beiween the activities they contribute to on a reasonable, justifiable and consistent basis. Tangible assets Tangible assets are initially recorded al cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulaled depreciation and subsequent accumulated impaimient losses. 11
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (contlnued) Year ended 31 December 2024 Accounting policies {¢ontlnu8d) Tangible assets (contlnuod) An increase in the carying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairmenl that has previously been recognised as expenditure within Ihe staternent of financial activities. A decrease in Ihe carrying amount of an asset as a result of revaluation, is rocognised in other recognised gains and losses. except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities. Depreciation Depreciation is calculated so as lo write off the cost or valuation of an asset, less its residual value. over the useful economic life of that asset as follows- Freehold propety Fixtures and fittings Motor vehicles Building renovations 2 % straight line 20 /0 Straight line 20 /0 Straight line 10 /0 Straight line Impairment of fixed assets A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when It is not possible to estimate the recoverable amount of an individual asset. an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independenl of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business cornbination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units. Financial instruments A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. 12
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (contlnuod) Year ended 31 December 2024 Accounting policles (eontlnuad) Financial instruments (contlnued) Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impaimient. Other financial instruments. including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed al a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequenlly measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are eilher assessed individually or grouped on the basi5 of Similar credit risk characleristics. Any reversals of impairment are recognised immediately. to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment nol previously been recognised. Deflned contributlon plans Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in fulure payments or a cash refund. When contributions are not expected to be settled wholly within 12 monlhs of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises. Limited by guarantee Leeds Chinese Christian Church is a company limited by guarantee and accordingly does not have a share Gapilal. Every member of the company undertakes to contribute such amount as may be required nol exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member. 13
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (¢ontlnued) Year ended 31 December 2024 Donatlons and legacies Unrestricted Funds Restricted Total Funds Funds 2024 Donations Offerings 162,560 172,237 334,797 Other donations and legacies Gift aid 19,376 6,053 25,429 181,936 178,290 360,226 Unrestricted Funds Restricted Totsl Funds Funds 2023 Donations Offerings 138,097 457,863 595,960 Other donations and legacies Gift aid 22,353 11,508 33,861 160,450 469,371 629,821 Charitable activities Restricted Total Funds Funds 2024 Restricted Totsl Fund5 Funds 2023 Chinese school income 9,145 9,145 7,730 7.730 Investment Income Unrestricted Funds Restricted Total Funds Funds 2024 Bank interest receivable 19 126 145 Unrestricted Funds Restricted Total Funds Funds 2023 Bank interest receivable 47 301 348 14
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 Expenditure on charitable activities by fund type Unrestricted Funds Restricted Total Funds Funds 2024 Church Chinese school Support to missions Support costs 151,623 44.617 7,373 196,240 7,373 21,152 1,530 21,152 1,530 174,305 51,990 226.295 Unrestricted Funds Restricted Total Funds Funds 2023 Church Chinese school Support to 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 Expendlture on charltable actlvlties by activity type Activities undertaken directly Support costs Total funds 2024 Total fund 2023 Church Chinese school Support to missions Governance costs 196,240 7,373 21,152 196,240 7,373 21,152 1,530 166,380 10,378 21,402 2,100 1,530 224,765 1,530 226,295 200.260 10. Net income Net income is stated after charging/(crediting): 2024 2023 Oepreciation of tangible fixed assets 44,617 39,885 11. Independent examination fees 2024 2023 Fees payable to the independent examiner for.. Independent examination of the financial statements 1,530 1,500 15
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (¢ontInu) Year ended 31 December 2024 12. Staff costs The total staff costs and employee benefits for the reporting period are analysed as follows.. 2024 2023 Wages and salaries Employer contributions to pension plans 95,793 2,785 89,582 2,575 98,578 92,157 The average head count of employees during the year was 5 (2023.. 7). The average number of full-time equivalent employees during the year is analysed as follows: 2024 2023 No. No. Charitable activities Administration No employee received employee benefits of more than £60.000 during the year (2023: Nil). 13. Trustee remuneration and expenses No remuneration or other benefits from ernployment with the charity or a related entity were received by the trustees. Honorarium payments, as permitted by the charity's goveming document, were paid to the following trustees.. Mrs Kim Chan, Dr Pong Lai, Ms Liz Chan £1,995. This is included in honorarium paid to internal speakers. During the year the following trustees received the following amounts in respect of expenses incurred: Mrs Kim Chan, Pong Lai £2,301. The payments were reimbursement of telephone and travel expenses. The charity has purchased insurance for the trustees and officers of the charity against liabilty arising from any wrongful acts in relation to the charity.
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 14. Tangible fixed assets Freehold Fixtures and property fittings Motor Building vehicles renovations Total Cost At 1 January 2024 Additions 1,916,992 180,063 28,813 5,654 9,050 88,235 2.043,090 185,717 88,235 2,228,807 At 31 December 2024 2.097,055 34.467 9,050 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 141,232 41,941 22,633 2,676 9,050 88.235 261,150 44,617 183,173 25,309 9.050 88,235 305,767 Carrying amount At 31 December 2024 1,913,882 9,158 1,923,040 At 31 December 2023 1,775,760 6.180 1,781,940 15. Debtors 2024 2023 Other debtors 24.271 32,163 16. Creditors: amounts falling due within one year 2024 2023 Accruals and deferred income other creditors 1,530 51,000 2,100 127,180 52,530 129,280 17. Pensions and other post retlrement benefits Defined contrlbution plans The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £2.785 (2023: £2,575). 17
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 December 2024 18. Analysis of charitable funds Unrestricted funds At 1 January 20 24 At 31 Decembar 2024 Income Expenditure Transfers General funds 80,605 181,955 (174,305) 88,255 At 1 January 20 23 At 31 December 2023 Income Expenditure Transfers General funds 159,305 160,497 (149,197) (90,000) 80,605 Restricted funds At 1 January 20 24 At 31 December 2024 Income Expenditure Transfers Building fund Chinese school Mr Burrows fund 2,065,028 3,360 2,562 178,416 9,145 (44,617) (7,373) 2,198,827 5,132 2,562 2,070.950 187,561 (51,990) 2.206,521 At 1 January 20 23 At 31 December 2023 Income Expenditure Transfers Building nd Chinese school Mr Burrows fund 1,546,041 6,008 2,562 469,672 7,730 (40,685) (10,378) 90,000 2,065,028 3,360 2,562 1,554,611 477,402 (51,083) 90,000 2,070.950 Building fund - a fund to finance Ihe cost of a new church building Chinese school - to fund the operation of Chinese language classes Mr Burrows fund to provide help to those wishing to sludy Theology in preparation for full time church ministry 18
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Financial Statements (contlnu•d) Year ended 31 December 2024 19. Analysis of net assets between funds Unrestricted Funds Restricted Total Funds Funds 2024 Tangible fixed assets Currenl assets Creditors less than 1 year Net assets 1,923,040 334,481 (51,000> 2,206,521 1,923,040 424,266 {52,530) 2.294,776 89,785 {1,530) 88,255 Unrestrlcled Funds Restricted Total Funds Funds 2023 Tangible fixed assets Current assets Creditors less than 1 year Net assets 1,781,940 1,781,940 82,705 416,190 498.895 12,100) (127.180) (129,280) 80,605 2.070.950 2,151.555 20. Related parties There have been no related party transactions during the period that require disclosure. 19
Leeds Chinese Christian Church Company Limited by Guarantee Management Information Year ended 31 December 2024 The following pages do not fomi part of the financial stalements. 20
Leeds Chinese Christian Church Company Limited by Guarantee Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Income and endowments Donatlons and legacies Offerings Gift aid 334,797 25,429 595,960 33.861 360,226 829,821 Charitable activities Chinese school income 9,145 7,730 Investment income Bank interest receivable 145 348 Total Income 369,516 637,899 Expenditure Expenditure on charitable activities Wages and salaries Pension costs Other establishment Legal and professional fees Other office costs Depreciation Gifts to COCM Special gifts Gifts to missionaries Equipment Minibus running expenses Sunday school Sundries Staff and speaker expenses Honorarium to intemal speaker Honorarium to outside speaker Conference expenses Library books and tapes Catering Teacher travel allowance 95,793 2,785 32,319 1,530 1.268 44,617 5,400 7,002 8,750 2,046 1,683 485 1,567 3,182 2,075 4,819 3.030 833 1,491 5,620 89,582 2,575 15,900 2,100 1,367 39,885 6,200 9,800 5,402 1,433 2.400 577 2,128 2,612 3,065 3,520 1,423 850 1,824 7,617 226,295 200,260 Total expenditure 226,295 200.260 21
Leeds Chinese Christian Church Company Limited by Guarantee Detailed Statement of Financial Activities (continued) Year ended 31 December 2024 2024 2023 Net Income 143,221 437,639 22
Leeds Chinese Christian Church Company Limited by Guarantee Notes to the Detailed Statement of Financial Activities Year ended 31 December 2024 2024 2023 Expendlture on charltable a¢tlvlties Church AGtivities undertaken directly Ministry salaries Pension cosls Church building running expenses Depreciation Equipment 95,793 2,785 32,319 44,617 2.046 89,582 2,575 15,900 39,885 1,433 ¥ li Minibus running expenses Sunday school Sundries Staff and speaker expenses Honorarium to internal speaker Honorarium to outside speaker Conference expenses Library book5 and tapes Catering 1.683 485 1,082 3,182 2,075 4,819 3,030 833 1,491 2,400 577 734 2,612 3,065 3,520 1,423 850 1,824 196.240 166,380 Chlnese school Activities undertaken directly Stationery Miscellaneous Teacher travel allowance 1,268 485 5,620 1,367 1,394 7,617 7,373 10,378 Support to missions Activities undertaken d1CtlY Gifts to COCM Special gifts Gifts to missionaries 5,400 7,002 8,750 6,200 9.800 5,402 21,152 21,402 Governance costs Governance costs - accountancy fees 1,530 2,100 Expenditure on charitable activities 226,295 200,260 23