## GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)
Report and Accounts Year ended 31 August 2023
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
## **LEGAL & ADMINISTRATIVE DETAILS**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
ADDRESS FOR CORRESPONDENCE GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC) Merrow Methodist Church Hall, Bushy Hill Dr, Guildford GU1 2SH GOVERNING DOCUMENT
CIO Constitution dated 2 September 2020
CHARITY REGISTRATION NUMBER 1191109 TRUSTEES RESPONSIBLE FOR MANAGING THE CHARITY
## INDEPENDENT EXAMINER
Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
## **INDEX**
Page 1 Legal & Administrative Details Pages 2-3 Trustees' Report Page 4 Independent Examiner's Report Page 5 Receipts and Payments Account Page 6 Statement of Assets & Liabilities Pages 7 Notes to the Accounts
Page 1
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
## **REPORT OF THE TRUSTEES**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
The Trustees have pleasure in submitting the Report and Accounts for the year ended 31 August 2023.
## **Objects of the charity**
The charity, Guildford Holy Word Chinese Church (GHWCC), is governed by a constitution and is constituted as a charitable incorporated organisation. The charity's principal objects, as set out in its governing document, are:
a) Advance the Christian faith for the benefit of the public in accordance with the Statement of Faith appearing in the schedule
## **Summary of the charity's main activities and achievements**
To further the above objects and vision, the charity's main activities and achievements were as follows:
1)Sunday service including Sunday school
2)Regular bible study 3)Teaching sessions 4)Pastoral care
In planning the activities the Trustees have applied the guidance on public benefit issued by the Charity Commission.
## **Financial review**
During the year income increased by £12991.41, to £33934.22, and expenditure increased by £2254.89, to £24506.70. As a result the cash held by the charity increased by £9427.52, to £22166.80, of which £22166.80 is unrestricted and can be used for any charitable purpose.
## **Reserves policy**
The trustees have determined that the charity should aim to hold unrestricted cash of no less than £2225.18 (which equates to 10% of the last year's total Expenditures) so that the charity could continue to operate should income and / or expenditure vary adversely. At the year end, the charity held unrestricted cash of £22166.80 and the charity is complying with its reserves policy.
Page 2
## **Governance**
Responsibility for setting policy and for making operating decisions rest with the trustees who meet regularly to monitor the activities of the charity. Responsibility for the day to day operation of the charity has been delegated to a senior management team led by Ho Leung Nigel Cheung, Meng Wang, Yi Li, Aiping Liang. New trustees are recruited and appointed by the existing trustees, by a majority vote.
## **Responsibilities of trustees**
Charity law requires us as Trustees to prepare financial statements for each accounting year which record the receipts and payments of the charity for the year.
We are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable us to ensure that the financial statements comply with the Charities Act 2011.
We also have a responsibility to safeguard the assets of the charity and to take reasonable steps to prevent fraud or any other irregularities.
## **Approval**
This report was approved by the trustees and signed on their behalf by:
Aiping Liang
Date:______________________
Page 3
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
I report to the trustees on my examination of the accounts of GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC) for the year ended 31 August 2023 on pages 5 to 7 following.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner’s statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in accordance with section 130 of the 2011 Act; or
2. the accounts do not accord with the accounting records.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Archie McDowall BA CA Stewardship 1 Lamb's Passage LONDON EC1Y 8AB
Date:
Page 4
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
## **RECEIPTS AND PAYMENTS ACCOUNT**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|Notes
**_Income receipts_**
Donations
Stewardship grant receipts
**_Total receipts_**
**_Payments_**
2
**_Total payments_**
Transfers between funds
4
**Net movement in funds**
Cash funds as at last year end
**Cash funds at this year end**
A
Net of receipts / (payments) before
Payments
in
relation
to
charitable
activities undertaken directly||General
Designated
Funds
Funds
£
£
7,554
-
26,381
-
33,934
-
33,934
-
24,507
-
24,507
-
24,507
-
9,428
-
-
-
9,428
-
12,739
-
22,167
-
Unrestricted Funds|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-
-|2023
£
7,554
26,381
33,934
33,934
24,507
24,507
24,507
9,428
-
9,428
12,739
22,167|2022
£
6,478
14,465
20,943
20,943
22,252
22,252
22,252
1,309
-
-
1,309
-
14,048
12,739|
|---|---|---|---|---|---|
|||General
Funds
£
7,554
26,381
33,934
33,934
24,507
24,507
24,507
9,428
-
9,428
12,739
22,167||||
The notes on pages 7 form part of these accounts.
Page 5
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
## **STATEMENT OF ASSETS AND LIABILITIES**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
|Notes
**A Cash funds**
Cash at bank with immediate access
Notice deposits
Petty cash
**B Other monetary assets**
Gift aid due to charity
Other debtors
**C Liabilities**
**Falling due within one year**
Loans
Trade creditors
Taxes due
Fee for Independent Examination
Accrued expenses
**Falling due after one year:**
Loans
Pension obligations
**Total**|General
Designated
funds
funds
£
£
22,167
-
-
-
-
-
**22,167**
**-**
-
-
-
-
**-**
**-**
-
-
-
-
-
-
540
-
-
-
**540**
**-**
**-**
**-**
540
-
Unrestricted Funds|Restricted
funds
£
-
-
-
**-**
-
-
**-**
-
-
-
-
-
**-**
**-**
-|2023
£
22,167
-
-
**22,167**
-
-
**-**
-
-
-
540
-
**540**
**-**
540|2022
£
12,739
-
-
**12,739**
-
-
**-**
-
-
-
-
-
**-**
**-**
-|
|---|---|---|---|---|
## **D Guarantees and secured debts**
The charity has not given any guarantees and has not provided its assets as security for any liabilities.
The accounts were approved by the trustees and signed on their behalf by:
Aiping Liang Date:_______________________
The notes on pages 7 form part of these accounts.
Page 6
## **GUILDFORD HOLY WORD CHINESE CHURCH (GHWCC)**
## **NOTES TO THE ACCOUNTS**
## **FOR THE YEAR ENDED 31 AUGUST 2023**
## **1 Accounting policies**
The accounts have been prepared on a receipts and payments basis and comprise a statement that shows the charity's receipts and payments, a statement that summarises the charity's assets and liabilities and related notes. The accountancy profession have determined that only accounts prepared in accordance with applicable accounting standards present a 'true and fair' view and, as these receipts and payments accounts have not (and cannot) be prepared in accordance with accounting standards, these accounts do not present (and are not intended to present) a 'true and fair' view of the charity's financial activities and state of affairs.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they include donations received from appeals for specific activities or projects.
|**2**
**Payments in relation to charitable activities undertaken directly**
Employment costs (see note 3)
Church Venue
STEW. Service
Events
Children Ministry
Books and Equipment
Web Expenses
Sundry Expenses
Insurance|Unrestricted Fun
General
funds
£
17,050
4,840
60
179
371
842
516
318
332
24,507|ds
Designated
funds
£
-
-
-
-
-
-
-
-
-
-|Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-|Total
2023
£
17,050
4,840
60
179
371
842
516
318
332
24,507|Total
2022
£
17,095
4,320
50
-
267
333
144
44
-
22,252|
|---|---|---|---|---|---|
## **3 Transactions with related parties**
Ho Leung Nigel Cheung served as church Pastor and was paid £16,499 (2022: £16,508) for serving in that capacity, not for serving as trustees; the church have obtained permission from the Charity Commission to make this payment.
## **4 Movement of funds**
|General funds
Total funds|Opening
balance
£
12,739
12,739|Receipts
£
33,934
33,934|Payments
£
24,507
-
24,507
-|Transfers
£
-
-|Closing
balance
£
22,167
22,167|
|---|---|---|---|---|---|
Page 7