| Page | ||
|---|---|---|
| Trustees' Annual Report |
||
| Independent Examiner's |
Report | 13 |
| Statement of Financial |
Activities | 14 |
| Balance Sheet | 15 | |
| Notes to the Financial Statements | 16 |
| REFERENCE | REFERENCE | AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
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|---|---|---|---|---|---|---|
| N'arne | Liverpool Chinese Gospel Church | |||||
| Charity number | 1179991 | |||||
| Address | 8 Office | 11Great George Square, | ||||
| Liverpool, | ||||||
| L1 5DY | ||||||
| Trustees | The members of the Board of Trustees are as follows: |
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| Eric Luk Yau Chan - Chair | ||||||
| Solomon Hoi Ming Mo |
||||||
| Tommy Mo Yin Kwan |
||||||
| Rev David Seiboth | ||||||
| Dr Maw Joo Tan | ||||||
| Additional Board |
Pasta Pong Lai | (Pastor —Independent | Adviser) | |||
| Agatha Mak |
(Treasurer) | |||||
| Daniel Yeo | (Secretary) | |||||
| Pastoral | Team | Eric Luk Yau Chan Solomon Hoi Ming Mo |
(Elder) (Elder-Volunteer |
Pastoral Worker) | ||
| Matthew Kwok |
(Pastoral Worker) | |||||
| Sunny Sheung Lai Pang |
(Pastoral Worker) (Appointed 1"March |
2021) | ||||
| David Seiboth | (Pastor) | |||||
| Rebecca Tsang | (Pastoral Worker) | |||||
| Church | Staff | Janet Dyu Matthew Kwok |
Church administrator) (Pastoral I/orker) |
|||
| Sunny Sheung Lai Pang |
(Pastoral Worker) (Appointed 1"March |
2021) | ||||
| David Seiboth | (Pastor) | |||||
| Rebecca Tsang | (Pastoral Worker) | |||||
| Independent | Examiner | Paula Sanchez ACCA | ||||
| c/o LCVS | ||||||
| 151 Dale Street, | ||||||
| Liverpool, | ||||||
| L2 2AM | ||||||
| Bankers | Santander UK pic |
|||||
| Bootle, | ||||||
| Merseyside, L304GB |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| Income and Endowments | F | |||||
| from: | ||||||
| Donations and legacies |
2a | 136,058 | 136,058 | 138,175 | ||
| Charitable activities |
2b | 5,751 | 5,751 | 12,344 | ||
| Investments | 2c | 465 | 465 | 786 | ||
| Other income | 2d | 695,911 | ||||
| Total income | 142,274 | 142,274 | 847,216 | |||
| Expenditure on: |
||||||
| Charitable activities |
3 | 146,532 | 146,532 | 164,952 | ||
| Total expenditure | 146,532 | 146,532 | 164,952 | |||
| Net (expenditure)/income, net movement in funds |
(4,258) | (4,258) | 682,264 | |||
| Total funds brought | forward | 9, 10 | 682,264 | 682,264 | ||
| Total funds carried | forward | 8 - 10 | 678,006 | 678,006 | 682,264 |
| 2. Income and endowm | e | nts fro |
m: | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Restricted |
Total | Total | ||||||||
| Funds | Funds | Funds | Funds | |||||||
| 2021 | 2021 | 2021 | 2020 | |||||||
| a. Donations and legacies |
F | |||||||||
| Offering and donations | 1 | I8,810 | 118,810 | 119,349 | ||||||
| Gift Aid | 'I7,248 | 17,248 | 18,826 | |||||||
| 136,058 | 136,058 | 138,175 | ||||||||
| Income from donations | and legacies | in 2020 related wholly to |
unrestricted | funds | ||||||
| b. Charitable activities |
||||||||||
| Bookstall | 20 | 20 | 5 | |||||||
| Conference income |
30 | 30 | 554 | |||||||
| Friday fellowship income |
820 | |||||||||
| Funeral fees | 1,349 | |||||||||
| HMRC Job Retention | Scheme | 350 | 350 | 541 | ||||||
| Photocopying income |
49 | 49 | 83 | |||||||
| Reach income | 352 | |||||||||
| Rental income | 5,230 | 5,230 | 8,020 | |||||||
| Room hire | 590 | |||||||||
| Sunday school | 72 | 72 | 30 | |||||||
| 5,751 | 5,751 | 12,344 | ||||||||
| Income from charitable | activities | in 2020 | related | wholly to unrestricted | funds | |||||
| c.Investments | ||||||||||
| Bank interest | 465 | 465 | 786 | |||||||
| Income from investments | in 2020 related | wholly | to unrestricted | funds | ||||||
| d. Other income | ||||||||||
| Transfer ofassets from number 1136312 |
charity | 352,393 | ||||||||
| Right to use asset peppercorn | lease | 343,518 | ||||||||
| 695,911 |
| 3. | Expenditur | e | on | Cha | rita | ble activiti |
es | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Direct | Support 8 | Total | Total | |||||||
| Charitable | Governance | |||||||||
| Expenditure | Costs | |||||||||
| 2021 | 2021 | 2021 | 2020 | |||||||
| To advance | Christian | religion, to | ||||||||
| relieve hardship, poverty distress and to advance |
and education |
122,234 | 24,298 | 146,532 | 164,952 | |||||
| and training | ||||||||||
| a. | analysed as |
follows: | ||||||||
| 202'I | 2020 | |||||||||
| Direct charitable | expenditure: | |||||||||
| Staff salary | costs | 75,663 | 67,565 | |||||||
| Pension | 1,230 | 1,226 | ||||||||
| Youth group | 844 | 95 | ||||||||
| Nursery | 67 | |||||||||
| Utilities | 2,073 | 7,033 | ||||||||
| Friday fellowship | 2,836 | |||||||||
| Activities and events | 427 | 488 | ||||||||
| Repairs | 2,186 | 7,305 | ||||||||
| Cleaning | 4,901 | 6,464 | ||||||||
| Missions | 16,510 | 16,060 | ||||||||
| Fellowships | and ministries | 1,311 | 521 | |||||||
| Evangelism | and outreach | 2,308 | ||||||||
| Donations | and gifts | 11,849 | 15,641 | |||||||
| Speakers | 3,322 | 3,190 | ||||||||
| Worship and |
music | 97 | 714 | |||||||
| Training | 737 | |||||||||
| Travel expenses | 83 | 372 | ||||||||
| Website costs | 611 | |||||||||
| Conference | 59 | |||||||||
| Subscription | and | memberships | 755 | 576 | ||||||
| Equipment | 766 | |||||||||
| TV licence | 158 | 155 | ||||||||
| 122,234 | 133,964 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Support 8 Governance Staff salary costs |
costs: | 11,461 | 11,339 | ||||
| Pension | 338 | 222 | |||||
| Church office |
—office | costs | 1,491 | 3,237 | |||
| Insurance | 5,798 | 6,389 | |||||
| Professional | and | legal | fees | 354 | 473 | ||
| DBSfees | 257 | 347 | |||||
| Sundry | 88 | 5,160 | |||||
| Loss on disposal | offixed | assets | 630 | ||||
| Bank charges | 214 | 168 | |||||
| Accountancy | 860 | 625 | |||||
| Depreciation | 2,807 | 3,028 | |||||
| 24,298 | 30,988 | ||||||
| Total expenditure activities |
on | charitable | 146,532 | 164,952 | |||
| All the above | expenditure | relates to unrestricted funding. |
(2020:anil | ||||
| 2021 | 2020 | ||||||
| b. | Staff costs | ||||||
| Gross wages | and | salaries | 84,805 | 76,914 | |||
| Social security costs | 2,319 | 1,990 | |||||
| Pension | 1,568 | 1,448 | |||||
| 88,692 | 80,352 |
| 2021 | 2020 | ||
|---|---|---|---|
| Charitable | activities | 3.5 | 3.5 |
| 4.Tangible fixed assets | |||||
|---|---|---|---|---|---|
| Land 8 | Fixtures 8 | Music | Total | ||
| Buildings | Fittings | Equipment | |||
| Cost: | F | ||||
| Balance at 1"September Additions in the year |
2020 | 95,679 | 1,970 1,137 |
5,725 | 103,374 1,137 |
| Disposals in the year |
(-) | (1,050) | (1,050) | ||
| Balance at31"August | 2021 | 95,679 | 3,107 | 4,675 | 103,461 |
| Depreciation: Balance at 1"September |
2020 | 1,711 | 394 | 573 | 2,678 |
| Charge for the year | 1,711 | 325 | 421 | 2,457 | |
| Disposals in the year |
(-) | (-) | (105) | (105) | |
| Balance at31"August | 2021 | 3,422 | 719 | 889 | 5,030 |
| Net Book Value at 31"August 2021 |
92,257 | 2,388 | 3,786 | 98,431 | |
| Net Book Value at 31"August 2020 |
93,968 | 1,576 | 5,152 | 100,696 | |
| There were no material capital commitments at |
the year end. | All fixed assets | were use | ||
| the direct charitable activities ofthe |
charitable incorporated organisation. |
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| 5. Right to use assets | |||||
| Leasehold | Total | ||||
| Cost: Balance at 1"September |
2020 | 343,518 | 343,518 | ||
| Additions in the year |
|||||
| Balance at31"August | 2021 | 343,518 | 343,518 | ||
| Depreciation: Balance at 1"September |
2020 | 350 | 350 | ||
| Charge for the year | 350 | 350 | |||
| Balance at 31"August | 2021 | 700 | 700 | ||
| Net Book Value at 31"August 2021 | 342,818 | 342,818 | |||
| Net Book Value at 31"August 2020 | 343,168 | 343,168 |
| Movements | in the Year | ||||
|---|---|---|---|---|---|
| Funds | Income | Expenditure | Funds | ||
| at beginning ofYear |
at End ofYear |
||||
| General | Fund | 339,096 | 142,274 | (146,182) | 335,188 |
| Right to use asset— Designated |
343,168 | (350) | 342,818 | ||
| 682,264 | 142,274 | (146,532) | 678,006 |