| Page | ||
|---|---|---|
| Trustees' Annual Report |
||
| Independent Examiner's |
Report | 13 |
| Statement of Financial |
Activities | 14 |
| Balance Sheet | 15 | |
| Notes to the Financial Statements |
| REFERENCE | REFERENCE | REFERENCE | AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
AND ADMINISTRATIVE DETAILS |
||||
|---|---|---|---|---|---|---|---|---|---|---|
| Name | Liverpool Chinese Gospel Church | |||||||||
| Charity number | 1179991 | |||||||||
| Address | & | Office | 11Great George | Square, | ||||||
| Liverpool, | ||||||||||
| L1 5DY | ||||||||||
| Trustees | The members of |
the Board ofTrustees are as follows: | ||||||||
| Eric Luk Yau Chan —Chair | ||||||||||
| Solomon Hoi Ming Ho |
(Retired 8e May 2022) | |||||||||
| Tommy Ho Yin |
Kwan | |||||||||
| Rev David Seiboth | ||||||||||
| Dr Maw JooTan | ||||||||||
| Additional | Board | Pasta Pong Lai | (Pastor- Independent | Adviser) | ||||||
| Agatha Mak | (Treasurer) | |||||||||
| Daniel Yeo | (Secretary) | |||||||||
| James Liu |
(Chair ofManagement | Team) - from | ||||||||
| 6'"November 2021 | ||||||||||
| Pastoral | Team | Eric Luk Yau Chan | (Elder) | |||||||
| David Seiboth | (Pastor) | |||||||||
| Rebecca Tsang Sunny Sheung |
Lai Pang | (Pastoral Worker) (Pastoral Worker) |
- until 22~ | |||||||
| January 2022 | ||||||||||
| Solomon Hol Ming Ho Maw JooTan |
(Elder-Volunteer Pastoral Worker)- until 8"May 2022 (Elder) - from 23"October 2021 |
|||||||||
| Wayne Cheung | (COCM Chinese Overseas Mission) missionary —from |
Christian 1"April |
||||||||
| Esther Ngan | 2022 (COCM missionary) —from |
1"April | ||||||||
| 2022 | ||||||||||
| Church Staff | Janet Dyu | Church administrator) | ||||||||
| David Seiboth | (Pastor) | |||||||||
| Rebecca Tsang Sunny Sheung |
Lai Pang | (Pastoral Worker) (Pastoral Worker) —until 22~ |
||||||||
| January 2022 | ||||||||||
| Independent | Examiner | Paula Sanchez | ACCA | |||||||
| cfo LCVS | ||||||||||
| 151Dale Street, | ||||||||||
| Uverpool, | ||||||||||
| L2 2AH | ||||||||||
| Bankers | Santander UK pic |
|||||||||
| Bootie, | ||||||||||
| Merseyside, L304GB |
||||||||||
| Signed on | behalf ofthe | Trustees | ||||||||
| Eric Luk | Y | Chan, Trustee | Date |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| Income and Endowments | 6 | E | ||||
| from: | ||||||
| Donations and legacies |
2a | 148,479 | 148,479 | 136,058 | ||
| Charitable activities |
2b | 17,103 | 17,103 | 5,751 | ||
| Investments | 2C | 714 | 714 | 465 | ||
| Total income | 166,296 | 166,296 | 142,274 | |||
| Expenditure on: Charitable activities |
148,464 | 148,464 | 146,532 | |||
| Total expenditure | 148,464 | 148,464 | 146,532 | |||
| Net (expenditure)/income, net movement in funds |
17,832 | 17,832 | (4,258) | |||
| Total funds brought | forward | 9, 10 | 678,006 | 678,006 | 682,264 | |
| Total funds carried | forward | 8 - 10 | 695,838 | 695,838 | 678,006 |
| 2. Income and endowme | nts | from | : | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted Restricted |
Total | Total | |||||||
| Funds | Funds | Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||||
| a. Donations and legacies Offering and donations Gift Aid |
E 129,672 18,807 |
F 129,672 18,807 |
118,810 17,28 |
||||||
| 148,479 | 148,479 | 136,058 | |||||||
| Income from donations | and | legacies | in 2021 related wholly to |
unrestricted | funds | ||||
| b. Charitable activities |
F | ||||||||
| Bookstall | 20 | ||||||||
| Conference income |
30 | ||||||||
| Children's Summer Club |
515 | 515 | |||||||
| HMRC Job Retention Scheme | 350 | ||||||||
| Photocopying income Rental income |
5 16,583 |
16,583 | 49 5,230 |
||||||
| Sunday school | 72 | ||||||||
| 17,103 | 17,103 | 5,751 | |||||||
| Income from charitable | activities | in 2021 | related wholly to unrestricted | funds | |||||
| c.Investments | |||||||||
| Bank interest | 714 | 714 | 465 | ||||||
| Income from investments | in | 2021 | related | wholly to unrestricted | funds | ||||
| 3.Expenditure on Charitable |
activities |
| Direct | Support & |
Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Charitable | Governance | ||||||
| Expenditure | Costs | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E | |||||||
| To advance | Christian | religion, to | |||||
| relieve hardship, distress and to |
poverty and advance education |
123,246 | 25,218 | 148,464 | 146,532 | ||
| and training |
| LIVERPOOL CHINESE GOSPEL CHURCH | LIVERPOOL CHINESE GOSPEL CHURCH | LIVERPOOL CHINESE GOSPEL CHURCH | LIVERPOOL CHINESE GOSPEL CHURCH |
|---|---|---|---|
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31srAUGUST 2022 |
|||
| a. analysed as follows: | |||
| 2022 | 2021 | ||
| Direct charitable expenditure: |
F | ||
| Staff salary costs Pension |
47,923 498 |
75,663 1,230 |
|
| Youth group Nursery Utilities |
984 47 4,833 |
844 2,073 |
|
| Friday fellowship Activities and events |
204 1,205 |
427 | |
| Repairs Cleaning Missions |
5,704 11,108 23,200 |
2,186 4,901 16,510 |
|
| Fellowships and ministries |
2,179 | 1,311 | |
| Evangelism and outreach Donations and gifts |
779 13,745 |
11,849 | |
| Speakers Worship and music Training Travel expenses Conference |
5,160 1,394 266 |
3,322 97 83 59 |
|
| Subscription and memberships Equipment TV licence |
1,069 2,789 159 |
755 766 158 |
|
| 123,246 | 122,234 | ||
| Support tI Governance Staff salary costs Pension |
costs: | 2022f 11,507 339 |
2021 E 11,461 338 |
| Church office —office |
costs | 2,836 | 1,491 |
| Insurance | 5,028 | 5,798 | |
| Professional and legal DBSfees |
fees | 524 303 |
354 257 |
| Sundry Loss on disposal offixed assets Bank charges Accountancy Depreciation |
93 282 900 3,406 |
88 630 214 860 2,807 |
|
| 25,218 | 24,298 | ||
| Total expenditure on activities |
charitable | 148,464 | 146,532 |
| N | OTES TO THE FINANCIAL STATEM | ENTS FOR THE YEA | R ENDED 3 |
|---|---|---|---|
| 2022 | 2021 | ||
| b. | Staff costs | E | f |
| Gross wages and salaries | 58,436 | 84,805 | |
| Social security costs | 994 | 2,319 | |
| Pension | 837 | 1,568 | |
| 60,267 | 88,692 |
| .Tangible fixed assets | ||||
|---|---|---|---|---|
| Land & | Fixtures & | Music | Total | |
| Buildings | Fittings | Equipment | ||
| Cost: Balance at 1"September 2021 |
K 95,679 |
6 3,107 |
4,675 | 6 103,461 |
| Additions in the year |
4,117 | 4,117 | ||
| Disposals in the year |
(-) | (-) | ||
| Balance at31"August 2022 | 95,679 | 7,224 | 4,675 | 107,578 |
| Depreciation: Balance at 1"September 2021 |
3,422 | 719 | 889 | 5,030 |
| Charge for the year | 1,711 | 966 | 379 | 3,056 |
| Disposals in the year |
(-) | (-) | (-) | (-) |
| Balance at31"August 2022 | 5,133 | 1,685 | 1,268 | 8,086 |
| Net Book Value at 31"August 2022 |
90546 | 5539 | 3407 | 99492 |
| Net Book Value at 31"August 2021 |
92,257 | 2,388 | 3,786 | 98,431 |
| NOTES TO THE FINANCIAL STATEMENTS . Right to use assets |
FOR THE YEAR | ENDED 31sTAUGUST 2022 |
|---|---|---|
| Leasehold | Total | |
| Cost: | 6 | |
| Balance at 1"September 2021 | 343,518 | 343,518 |
| Additions in the year |
||
| Balance at31"August 2022 | 343,518 | 343,518 |
| Depreciation: Balance at 1"September 2021 |
700 | 700 |
| Charge for the year | 350 | 350 |
| Balance at31"August 2022 | 1,050 | 1,050 |
| Net Book Value at31"August 2022 | 342,468 | 342,468 |
| Net Book Value at31"August 2021 | 342,818 | 342,818 |
| The charity has been granted a peppercorn lease from 23" February 2001;the lease term is 999years. As at 10'" October 2019the property value was F350,000. |
| y is 999years. As at 10 6. Debtors |
'" October 2019 |
the property value was |
F350,00 |
|---|---|---|---|
| 2022 | 2021 | ||
| Prepayments | 3,285 | 3,058 | |
| 7.Creditors: amounts | falling due within one year | ||
| 2022 | 2021 | ||
| Accruals | 990 | 1,208 | |
| Tax and social security | 945 | 939 | |
| 1,935 | 2,147 |
| 8.Analysis | ofnet assets between | ofnet assets between | Funds | |||
|---|---|---|---|---|---|---|
| 2022 | Tangible | Net | Total | |||
| Fixed | Current | |||||
| Assets | Assets | |||||
| Unrestricted | Funds | 6 | E | |||
| General | Fund | 99,492 | 253,878 | 353,370 | ||
| Right to | use | asset —Designated | 342,468 | 342,468 | ||
| 441,960 | 253,878 | 695,838 | ||||
| Restricted | Funds | |||||
| Totals | 441,960 | 253,878 | 695,838 |
| NOTES TO THE | NOTES TO THE | NOTES TO THE | FINANCIAL | STATEMENTS | FOR THE | YEAR | ENDED 31 AUGUST |
ENDED 31 AUGUST |
2022 |
|---|---|---|---|---|---|---|---|---|---|
| 2021 | Tangible | Net | Total | ||||||
| Fixed | Current | ||||||||
| Assets | Assets | ||||||||
| Unrestricted | Funds | E | F. | ||||||
| General | Fund | 98,431 | 236,757 | 335,188 | |||||
| Right to | use | asset —Designated | 342,818 | 342,818 | |||||
| 441,960 | 236,757 | 678,006 | |||||||
| Restricted | Funds | ||||||||
| Totals | 441,960 | 236,757 | 678,006 | ||||||
| 9.Unrestricted | funds | ||||||||
| 2022 | Funds | Income | Expenditure | Funds | |||||
| at beginning | at End | ||||||||
| ofYear | ofYear | ||||||||
| E | |||||||||
| General | Fund | 335,188 | 166,296 | (148,114) | 353,370 | ||||
| Right to use Designated |
asset— | 342,818 | (350) | 342,468 | |||||
| 678,006 | 166,296 | (148,464) | 695,838 | ||||||
| 2021 | Funds | Income | Expenditure | Funds | |||||
| at beginning | at End | ||||||||
| ofYear | ofYear | ||||||||
| E | F. | f | E | ||||||
| General | Fund | 339,096 | 142,274 | (146,182) | 335,188 | ||||
| Right to use Designated |
asset— | 343,168 | (350) | 342,818 | |||||
| 682,264 | 142,274 | (146,532) | 678,006 |