2023-08-31-accounts - Liverpool Chinese Gospel Church

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		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	REFERENCE	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS	AND ADMINISTRATIVE DETAILS
Name				Liverpool Chinese Gospel Church
Charity	number			1179991
Address		&Office		11Great George	Square,
				Liverpooi,
				L1 5DY
				The members ofthe Board ofTrustees are as follows:
				Eric Luk Yau Chan —Chair
				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 of Management		Team)
Pastoral		Team		Eric Luk Yau Chan		(Elder)
				David Seiboth		(Pastor)
				Rebecca Tsang		(Pastoral	Worker)
				Maw JooTan		(Elder)
				Wayne Cheung		(COCM Chinese Overseas
						Christian	Mission) missionary
				Esther Ngan		(COOM missionary)
Church	Staff			Janet Dyu		Church administrator)
				David Seiboth		(Pastor)
				Rebecca Tsang		(Pastoral	Worker)
Independent			Examiner	Paula Sanchez ACCA
				clo LCVS
				151 Dale Street,
				Liverpool,
				L2 2AH
Bankers				Santander UK pic
				Bootle,
				Merseyside, L304GB
Signed	on behalf ofthe			Trustees
Eric Luk		Yau	Chan, Trustee		Date

		Notes	Unrestricted	Restricted	Total	Total
			Funds	Funds	Funds	Funds
			2023	2023	2023	2022
Income and Endowments			f		6
from:
Donations and legacies		2a	171,692		171,692	148,479
Charitable activities		2b	16,507		16,507	17,103
Investments		2c	3,616		3,616	714
Total income			191,815		191,815	166,296
Expenditure on:
Charitable activities			163,647		163,647	148,464
Total expenditure			163,647		163,647	148,464
Net (expenditure)/income, net movement in funds			28,168		28,168	17,832
Total funds brought	forward	9, 10	695,838		695,838	678,006
Total funds carried	forward	8 - 10	724,006		724,006	695,838

		Notes	31"August 2023	31"August 2023	31"August	2022
Fixed assets			6	6		6
Tangible fixed assets				98,151		99,492
Right to use asset				342,118		342,468
				440,269		441,960
Current assets
Debtors		6	49,604		3,285
Cash at bank and in hand			235,692		252,528
			285,296		255,813
Current liabilities
Creditors: amounts due within one year	falling	7	(1,559)		(1,935)
Net current assets				283,737		253,878
Total assets less current liabilities				724,006		695,838
Funds:
Unrestricted funds		8,9		724,006		695,838
Restricted funds		8, 10
				724,006		695,838

					Direct	Support &	Total	Total
					Charitable	Governance
					Expenditure	Costs
					2023 f	2023	2023f	2022
To advance		Christian		religion, to
relieve distress	hardship, and to		poverty and advance education		135,018	28,629	163,647	148,464
and training

analysed as follo	analysed as follo	analysed as follo	ws:	ws:
Direct charitable			expenditure:		2023 f	2022f
Staff salary	costs				35,378	47,923
Pension					103	498
Youth group					164	984
Nursery						47
Utilities					5,681	4,833
Friday fellowship					208	204
Activities and		events			1,338	1,205
Repairs					3,959	5,704
Cleaning					13,405	11,108
Missions					40,355	23,200
Fellowships	and ministries				2,212	2,179
Evangelism	and outreach					779
Donations	and gifts				21,976	13,745
Speakers					5,536	5,160
Training					1,132	1,394
Travel expenses					319	266
Conference					250
Subscription		and	memberships		891	1,069
Equipment					1,952	2,789
TV licence					159	159
					135,018	123,246
					2023	2022
Support 4	Governance			costs:	f
Staff salary	costs				11,889	11,507
Pension					366	339
Church office		—office		costs	2,599	2,061
Insurance					5,473	5,028
Professional		and	legal	fees	1,848	524
DBSfees					323	303
Sundry					1,037	868
Bank charges					334	282
Accountancy					970	900
Depreciation					3,790	3,406
					28,629	25,218
Total expenditure activities			on	charitable	163,647	148,464

N	OTES TO THE FINANCIAL STATEM	ENTS FOR THE YEA	R ENDED 3
		2023	2022
b.	Staff costs		6
	Gross wages and salaries	47,267	58,436
	Social security costs		994
	Pension	469	837
		47,736	60,267

. Tangible fixed assets
		Land &	Fixtures &	Music	Total
Cost:		Buildings	Fittingsf	Equipment	f
Balance at 1"September	2022	95,679	7,224	4,675	107,578
Additions			2,099		2,099
Balance at31"August	2023	95„679	9,323	4,675	109,677
Depreciation: Balance at 1"September	2022	5,133	1,685	1,268	8,086
Charge for the year		1,711	1,388	341	3,440
Balance at31"August	2023	6,844	3,073	1,609	11,526
NetBookvalueat31" 2023	August	88835	6250 )	3066 I	98151 I
Net Book Value at 31"August 2022		9Q 546	5539	3 4Q7	99492

OTES TO THE FINANCIAL STATEMENT . Right to use assets	S FOR THE YEAR	ENDED 31sT
	Leasehold	Total
Cost:		E
Balance at 1"September 2022	343,518	343,518
Additions
Balance at 31"August 2023	343,518	343,518
Depreciation: Balance at 1"September 2022	1,050	1,050
Charge for the year	350	350
Balance at 31"August 2023	1,400	1,400
Net Book Value at 31"August 2023	342,118	342,118
Net Book Value at 31"August 2022	342,468	342,468

Creditors: amounts falling due wi	thin one year
	2023	2022
Accruals	1,065	990
Tax and social security	494	945
	1,559	1,935