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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|
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|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||||
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|||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|
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||||||Unrestricted
Restricted|Unrestricted
Restricted|Unrestricted
Restricted||Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds||Funds|Funds|
|a. Donations|and legacies|||||2023f|2023f||2023f|2022|
|Offering
and donations|||||150,692||||150,692|129,672|
|Gift Aid||||||21,000|||21,000|18,807|
||||||171,692||||171,692|148,479|
|Income from|donations|and legacies||in 2023 related
wholly to|||unrestricted||funds||
|b. Charitable|activities|||||f|||||
|Bookstall||||||60|||60||
|Children's
Summer
Club||||||984|||984|515|
|Events and|Funerals|||||935|||935||
|Photocopying
income||||||72|||72|5|
|Rental income||||||14,456|||14,456|16,583|
|||||||16,507|||16,507|17,103|
|Income from|charitable|activities|in 2023||related|wholly to unrestricted||funds|||
|c.Investments||||||f||||F|
|Bank interest||||||3,616|||3,616|714|
|Income from|investments|in 2023 related|||wholly|to unrestricted|funds||||
##
||||||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|
##
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|. 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|
##
|Debtors|||
|---|---|---|
||2023|2022|
|Prepayments|3,604|3,285|
|Debtors —Gift Aid|21,000||
|Other Debtors|25,000||
||49,604|3,285|
|Creditors: amounts
falling due wi|thin one year||
|---|---|---|
||2023|2022|
|Accruals|1,065|990|
|Tax and social security|494|945|
||1,559|1,935|
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|2023||||||||
|---|---|---|---|---|---|---|---|
||||||Tangible Fixed|Net Current|Total|
|Unrestricted|||Funds||Assets
F|Assets|f|
|General|Fund||||98,151|283,737|381,888|
|Right to|use|asset —Designated|||342,118||342,118|
||||||440,269|283,737|724,006|
|Restricted||Funds||||||
|Totals|||||440,269|283,737|724,006|
|2022||||||||
||||||Tangible Fixed|Net Current|Total|
|Unrestricted|||Funds||Assets
F|Assets
f||
|General|Fund||||99,492|253,878|353,370|
|Right to|use|asset —Designated|||342,468||342,468|
||||||441,410|253,878|695,838|
|Restricted||Funds||||||
|Totals|||||441,410|253,878|695,838|
|9.Unrestricted|||funds|||||
|||||Movements|in the Year 2023|||
|||||Funds|Income|Expenditure|Funds|
||||at|beginning|||at End|
|||||ofYear|f||ofYear|
|General|Fund|||353,370|191,815|(163,297)|381,888|
|Right to use
Designated||asset—||342,468||(350)|342,118|
|||||695,838|191,815|(163,647)|724,006|
|||||Movements|in the Year 2022|||
|||||Funds|Income|Expenditure|Funds|
||||at|beginning|||at End|
|||||ofYear
f|f||ofYear
F|
|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|
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