THE MANCHESTER CHINESE CHRISTIAN CHURCH ANNUAL REPORT & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Charity Registration No. 1203911
THE MANCHESTER CHINESE CHRISTIAN CHURCH CONTENTS Page Trustees, Annual Report Independent Examinerfs Report ststement of Financial Activities Balance Sheet 10 Statement of Cash Flows Notes to the Financial Statements 12
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 The Trustees present their report and financial statements for the Charitable Incorporated Organisation for the year ended 31st December 2025. The financial statements have been prepared in accordance with the charity's trust deed th6 Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in ar£Ordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland published (FRS 102) (effective 1 st January 2015). OBJECTIVES AND ACTIVITIES The objects of the charity are to advance the Christian faith for the benefit of the public in accordance with the doctrinal basis stated in the Constitution, in particular but without limitation for members of the Chinese speaking community in Manchester and the surrounding area. The church has been seNing the community for 60 years, and we have a proud record of providing for the physical and spiritual needs of several generations of Chinese speaking people in Manchester and beyond_ Under the leadership of our current senior pastor, the medium-term objective is to grow into a transformed, united and missional church, planting new congregations where the needs are. We do this by predominantly examining biblical teaching on love, sacrifice and servi, so that each member can live lrfe in all its fullness and make a difference in the worfd around us. The main activities of the church are.. Sunday worship seNi*s Sunday bible schools and youth actrvities Chinese language school for children Pastoral support for members experiencing trauma Small group ministry during the week Advice and support work for people in need (including, debt-advice, home suppo homeless aid, gambling addiction rehabilitation work) Outreach and support to Chinese takeaway businesses Supporting overseas students from many parts of Asia Preaching support for neighbouring Chinese churches Financial and prayer support for overseas Christian missionaries Financial and prayer support for Christians suffering persecution Monthly participation of donating to food bank Publ1¢ Bonefit The Trustees are aware of the Charity Commission guidance on public benefit. The work of the charity and the funds it raises are wholly directed towards furthering the aims and objectives set out above and the Trustees are therefore of the view that the charity satisfies the criteria laid down to meet the public benefit test. ACHIEVEMENTS AND PERFORMANCE We have successfully transformed into a Charitable Incorporated Organisation on 101h July 2023. with full Church members. support.
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 This was neossitsted by continual growth of the church, the membership of which is now over 300, and with it the need for an overhaul of the church constitution with the aim of bring about bett&r govemano. The main achievements of the church ovér the past 12 months are.. Expansion of congregation size and number of church services conducted on Sunday (currently 8 services in 6 sites) Continual increase in financial support and offering by generous and committed church members, thus enabling us to expand our stsff team and ministry Successfvl ministry supporting many BNO passport holders from Hong Kong who have settled in the Greater Manchester area Vibrant Children and youth ministy to support and ministering to families in all the congregations Completion of repair and refurbishment work in Whalley Range Church Centre, now with improved heating and ventilation Contribution to social cohesion by opening our doors to our neighbours in Whalley Range at certain special occasions Completion of the purchase of and move to our new church ntre in April 2025, Besses o, th, Barn Church, a large Victorian building in Whitefield. Our inaugural Sunday service was held on 25th May 2025. This has also enabled us to move our ChUh office from city centre (rented) to Vvhitefield church ntre Continual support for t0 Christian pastors in Bhutan, one missionary in Middle east, partnering with other mission organisats'on for outreaching the l¢)cal, national and oversea community for Christ. God is gracious and has provided for all our needs in the past and the present. We trust that He will continue to provide but we are also truly grateful for the support of our members, from many different backgrounds. FINANCIAL REVIEW Total income for the period was £851,686 (2024.. £675,369) of which £179,896 (2024.. £57,395) related to funding for projects upon which restricttons are placed. Total expenditure for the period was £633,62012024.' £557,265) leaving a surplus for the year of £218,066 (2024-. surplus £118,104). At 31st Dernber 2025 the charity's reserves stood at £2,749,361 (2024.. £2,531,295) of which £19,046 (2024.. £666,303) represented restricted funds RISK MANAGEMENT The main risks to which the charity is exposed as identified by the Trustses have been considered and systems have been established to mitigate those risks. RESERVES POLICY It is the policy of the Charitable Incorporated Organisation to maintain unrestricted funds, which are free reserves at a level to cover a redundancy provision and three months, running costs should no further funding be received
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 As at the end of the financial year the unrestricted funds, totalled £2,730,315 (2024.. £1,864,992) less designated funds of £2,462,400 (2024.. £1,692,613). leaving a balance of £267,915 {2024.' £172,372). The Charitable Incorporated Organisation requires £59,766 for redundancy provision, £147,844 for three months total running costs, total £207,610, see note 9 for designated funds. PLANS FOR THE FUTURE We aim to continue growing and developing our ministries to fulfil the vision God has given us, to be a transformative. united and missional church. Thus, we continue reaching out to the wider communities including none-chinese people to celebrate diversity and unity, bringing together people from drfferent cultures. age groups, languages, and backgrounds to worship God as one. We aim to grow and develop our ministries and social projects that will benefit the wider society within and beyond Manchester. This year, we have allocated our resources to substantiate our growth through creative evangelism, coMmunity-ntriC outreach, and strategic leadership development. Key initiatives for creative evangelism and community ntric outreach indude using unique. relational, and servi-or1ented methods to share the Gospel, such as hosting community events, offering free ServIS with no strings attached, and leveraging digital platfonns. To support the continued growth and the needs of the ministries we strategize for leadership development and increase the volunteer engagement through recruitment, trainings and mentorship. We have completed the fi'rst stage of fundraising and are moving towards the work for stage one renovation and maintenance of the new church building at Whitefield. Wrth the stsge one building fund and project plan in place, we hope to carry on with the second stage of the renovation and maintenance fundraise. STRUCTURE, GOVERNANCE AND MANAGEMENT The Manchester Chinese Christian Church is a registered Charitable Incorporated Organisation {CIO), number 1203911 registered on 10th July 2023, under the terms of the Constitution dated 10th July 2023. The Board of Trustees (also the Church Council), comprising the Senior Pastor, Church Treasurer. Church Secretary, one Elder from each of the language ministry groups, and one Lay Memberfrom each of the language ministry groups. Eliglbility for Trusteeship a. Every Charity Trustee must be a natural person. b. Every Charity Trustee must subscribe to the objects and doctrinal basis of the Church as set out in clause 3 of the Constitution. c. No one may be appointed as a Charity Trustee if he or she.. if under the age of 16 years: or would automatically cease to hold Offi under the provisions of dause 15(1}(fj. d. No one is entiled to act as a Charity Trustee whether on appointment or on any re- appointment until he or she has expressly acknowledged, in whatever way the Charity Trustees consider appropriate, his or her acceptan of the office of Charity Trustee. e. At least one of the Charity Trustees must be 18 years of age or over. If there is no Charity Trustee aged at least 18 years. the Charity Trustees may a¢t only to call meeting of the Charity Trustees or appoint a new Charity Trustee.
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2026 Number of Charrty Trustees There must be at least three Charity Trustees. If the numberfalls below this minimum, the Charity Trustee{s) may act only to call a meeb'ng of the Charity Trustees or appoint a new Charty Trustee. There should be.. not more than 4 Elected Trustees. not more than 1 Ex-officio Trustee,. and not more than 10 Nominated Trustees. The maximum number of Charity Trustees that can be appointed is as provided in sub-clause 12(3)(a) of the Constitution. No Trustee appointment may be made in eXSS of these provisions. Appointment of Charlty Trustees Trustee appointments are made by election at the annual general meeting, by nomination by the language ministry groups, or by virtue of holding the position of Senior Pastor. The Trustee tems of office vary from one year to three years, or for so long as the position is held in the case of ex-officio appointments (Senior Pastor). In addition, the Charity Members or the Trustees may at any time decide to appoint a new Trustee, whether in place of a Trustee who has retired or been removed, or as an additional Trustee, provided that the limits on the number of Trustees specrfied above would not be exceeded. Trustees so appointed shall retire at the conclusion of the next AGM. Elected Trustees At every AGM, all Elected Trustees shall retire from office. The vacancies $0 arising may be filled by the decision of the members at the AGM,. any vacancy not filled at the AGM may be filled by decision of the Charity Members or Trustees as explained above. An Elected Charity Trustee who has seNed for six consecutive terms may not be re-appointed for a seventh consecutive term but may be re-appointed after an interval of at least one year. Ex-officio Trustee The Senior Pastor (or, in the case of there being only one Pastor in offi, the Pastor) for the time being shall automatically, by virtue of holding that offiTr, be a Charity Tmstee. Nominated Trustees Each Ministy Group may at their local ministry meeting appoint one Elder and one lay member of the Ministry Group to act as their representstive Trustees. Each appointment must be for a term of three years. No Nominated Trustee may serve more than two consecutive temis. After six years, a break of one calendar year must elapse before the member may be re- appointed.
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 Role of the Board The Board of Trustees meet at least six times a year. Its function is primarily of governance and it delegates operational management of the Church to the Senior Pastor. The division of responsibilities is set out in a Scheme of Delegation. The Senior Pastor leads the Church with the assistance of a Senior Management Team, which comprises the chairs of each language ministry group. There are three language ministry groups Cantonese, Mandarin and English and all the regular activrties of the Church (Sunday services, fellowship groups, etc) are organised under this overarching structure.
THE MANCHESTER CHINESE CHRISTIAN CHURCH TRUSTEES, REPORT FOR THE YEAR ENDED 31ST DECEMBER 2025 REFERENCE AND ADMINISTRATIVE DETAILS Name The Manchester Chinese Christian Church Charlty Number 1203911 Address Office 100 Yarburgh Street Whalley Range Manchester, M16 7EH Trustees at the time of signing of the report and trustees during the period DrYSAng (English Ministry Elder and Chair) (Mandarin Ministry Elder) (Treasurer) (English Ministry Lay Member Representative) (Mandarin Ministry Lay member Representative) (Cantonese Ministry Elder) (Secretsry) (Senior Pastor) (Cantonese Ministry Lay Member Representative) Trustees J Chen BKYCheng L Choi-Poon H Ding DrJLay (Resigned 31%t December 2025) SJCNgeow LSQuek DrKKYau Independent Examiner Bankers Ying Huang ACCA clo LCVS, 151 Dale Street, Liverpool. L2 2AH CAF Bank Limited, Kings Hill, Kent ME19 4TA Signed on behalf of the Trustses 31/5126 Dr Yeng Shiong Ang. Trustee Date
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE MANCHESTER CHINESE CHRISTIAN CHURCH I report on the accounts of the charity for the year ended 31 December 2025 which are set out on pages 9 to 23. The charity's trustees are responsible for the prepaption of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charrties Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to.. examine the accounts under SelOn 145 of the Charities Act, to follow the prOdureS laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and to state whether particular matters have come to my attention. st Res res n&bilities of trustees and examiner Basis of inde endent examinerfs statement My examination was carried out in accordance wrf(h general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequenljy no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with my examination, no matter has come to my attention.. Inde end8n statement examinerfs {1) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Charities Act., to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Name: Mrs Ying Huang Relevant professional qualification or body= ACCA Address.. c/0 LCVS 151 Dale Street, L2 2AH
THE MANCHESTER CHINESE CHRISTIAN CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2026 Notes Unrestricted Restrlcted Funds Funds Total Funds Total Funds 10th Jul 2023 To 31st Dec 2024 2025 2026 2025 Incomo and Endowments. Donations and Legacies Charitable Activities Investments 658,268 167 13,355 179.896 838,164 167 13,355 2b 646,347 611 28,411 Total income 671,790 179,896 851,686 676,369 Expendlture on: 591,374 42.246 633,620 557,265 Total expendituro 691,374 42,246 633,620 657,265 Net income 80,416 137,650 218,066 118,104 Transfer of assets from charity number 500562 Transfer beeen funds 2,413,191 784,907 (784,907) Net movement in funds 865,323 {647,257) 218.066 2,531,295 Total funds brought forward 9,10 1,864,992 666,303 2,531,295 Total funds carrled forward 8-10 2.730.315 19,046 2,749.361 2,531,295 The notes on pages 12 to 23 fonn part of these accounts.
THE MANCHESTER CHINESE CHRISTIAN CHURCH BALANCE SHEET AS AT 31ST DECEMBER 2025 Notes 31" December 2025 31st December 2024 Fixed assets Tangible fixed assets Right of use lease 1,364,932 701,104 385,278 712,789 Current assets Debtors Cash at bank and in hand 2.066,036 1,098.067 86,221 607,905 67,924 1,376,032 Current liabilities Creditors.. amounts falling due within one period 694.126 1,443,956 {10,801) (10,728) Net current assots 683,325 1,433,228 Total assets less current liabilitios 2,749,361 2,631,295 Funds.. Unrestricted funds Restricted funds 2,730,315 19,046 1,864,992 666,303 8,10 2,749,361 2.531,295 sI/S/z Approved by Trustees on............................ Dr Yeng Shiong Ang. Trustee Ka Yan Chengy Trustee 10
THE MANCHESTER CHINESE CHRISTIAN CHURCH STATEMENT OF CASH FLOWS FOR THE YEAR ENDED 31ST DECEMBER 26 Notes Cash flows from operating activlties Cash generated from operations 31st December 2025 31st December 2024 15 240,719 2.497,599 Investing activities Transfer of tangible assets from charity number 500562 Transfer of Right of use lease from ¢harity number 500562 Purchase of Tangible Assets (395,870) (725,697) (1,008,846) Net cash generated from rinanclng activities (1,008,846) (1,121,567) Net increase in cash and cash equivalents {768,127) 1.376,032 Cash and Cash equivalents at beginning of year 1.376,032 Cash and cash equivalents at end of year 607,905 1,376,032 Represented by: 31st December 2025 st 31 December 2024 Cash at bank and in hand 607,905 1,376,032
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 1. Accounting Policies Basis of Accounting The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless othemise stated in the relevant note(s) to these accounts. The financial ststements have been prepared in accordance with the Statement of Recommended Practi.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) {SORP 2015) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) (effective 1 sl January 2015) and Charities Act 2011. The accounts are prepared in sterling. whrch is the functional currency of the charity. Monetsry amounts in these finan¢ial statements are rounded to the nearest £. The Charitable Incorporated Organisation has taken advantage of the provisions in the SORP for Charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows. Going concern At the time of approving the accounts, the Trustees have a reasonable expectation that the Charitable Incorporated Organisation has adequate reserves to continue in operational &xistence for the foreseeable future. Thus, the Trustees continue to adopt the going concem basis of accounting in preparing the accounts. Fund a¢¢ountlng Unrestricted funds are the chariLgble Incorporated Organisation's free reserves available for the Trustees to apply in accordan with the charitsble objects. Restricted funds are subject to specific restrictive conditions imposed by the donor. All restricted funds are accounted for as restricted income and expenditure for the purposes is charged to the fund. Income recognition All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, there is suffi'cient certainty of receipt and so it is probable that the income will be received, and the amount of income receivable can be measured reliably. Income from charitable activities is recognised on an accrual's basis except for grants re1Vable, which are recognised on the date on which their unconditional payment is confimied by the donor. Income from investment relates to bank interest received and is recognised when the amount is certain. Income received on funds for a specrfic purpose is allocated to that fund were material. Other Income relates to rental income and gains on disposal of tangible asset and is recognised when thè amount is certain. 12
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 318T DECEMBER 2025 Fixed Assets Capital expenditure of £500 and over is ststed in the balance sheet at Cost or revaluation less accumulated depreciation. Depreciation is provided to write off the cost of each asset over its expected useful lrfe as below.. Freehold property and improvements Leasehold Improvements Equipment Motor Vehicles Right of Use Assets Expenditure recognition Liabilities are recognised as soon as there is a legal or constructtve obligation committing the Charitable Incorporated Organisation to that expenditure, It is probable that settlement will be required. and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accrual basis. All expenses, induding support costs and govemance costs, are allocated or apportioned to the applicable expendrture headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless specifically included in the restrictions. as specified by the donor. ExpendTrture on charitsble activities relatss to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the Charitsble Incorporated Organisation. Support and governan costs relate to the management and operation of the organisation and also compliance WFth constitutional and statutory requirements in producing the annual report. These are dealt with in the Ststsment of Financial Activities when payment has been approved by the charity. Cash and cash equivalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-temi liquid investments with original maturities of three months or less, and bank overdrafts. 2.5 % per annum reducing balan basis. 20/0 per annum reducing balance basis. 150/0 per annum reducing balan basis. 25 % per annum reducing balance basis. Over the term of the lease Financial instruments The charity has elected to apply the provisions of Section 11 'Basic Financial Instruments, and Section 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial ststements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. Bas1¢ financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes financing transaction, 13
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one period are not amortised. Basic financial liabllities Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constttutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rats of interest. Financial liabilities classified as payable within one period are not amortised. Debt instruments are subsequenly carried at amortised cost, using the effective interest rats method. Derecognltion of financial Ilabilities Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. Critlcal accounting estlmates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experien and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and undertying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period. or in the period of the revision and future periods where the revision affeS both current and future periods. All expenditure is accounted for on an accrual basis. All expenses, including supkN)rt costs and govemance costs. are allocated or apportioned to the applicable expenditure headings in the Statement of Financial Activities. Support and governance costs are applied to unrestricted funds unless speciFIGally included in the restrictions. as specified by the donor. Cost of charitable activities relates to the operation of the charity comprising of direct charitable expenditure to meet the objectives of the charity. Support and govemance costs relate to the management and operation of the organisation and also Complian with constitutional and statutory requirements in producing the annual report. These are dealt with in the Ststement of Financial Activits'es when payment has been approved by the charity Taxatlon Income and gains are exempt from taxation as they are reiVed and applied for charitable purposes only. The Charitable Incorporated Organisation benefits from various exemptions from taxation afforded by tax legislation and is not liable to corporation tsx on income or gains falling within those exemptions. The Charitable Incorporated Organisation is not able to recover Value Added Tax. Expenditure is recorded in the accounts indusive of VAT. 14
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 2. Income and end0ents from: UnStrICted Restricted Funds Funds Total Funds Totsl Funds 10th Jul 2023 to 31st Dec 2024 2026 2025 2025 a. Donations and Legacies Building Fund Compassion Fund Donations Gift Aid Mission Fund Special Offerings Sunday School Theological 140,003 720 140,003 720 502,430 101,350 38,173 3.448 51,040 1,000 29,700 930 477,183 63,778 26,765 7,318 40,673 502,430 101,350 38,173 3.448 51,040 1,000 658,268 179,896 838,164 646,347 b. Charitable actlvities Activities income Youth income 167 167 606 167 167 611 c. Investments Bank interest 13.356 13,355 28,411 3. ExpendItU on Charitsble activities Direct 8upport & Charitable Governance Expenditure Costs Total Total 10th Jul 2023 to 31st Dec 2024 202S To advance the Christian religion of the Chinese race in Man¢hester and the surrounding area 469,159 164,461 633,620 557,26S 15
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEM8ER 2025 a. analysed as follows.. 10th Jul 2023 to 31st Dec 2024 2025 Direct charitable expenditure.. Staff salary costs Pension Missions outreach Sunday school Training costs Congregation expenditure Compassions expenditure Youth expenditure Activities Costs Venue hire Rent Equipment Donations an¢J gifts 336,325 4.221 24,859 10.740 650 5,859 1,789 314,275 3,524 25,681 11,282 77 5,755 1,120 638 156 64,227 11,207 2,117 12,661 1,321 73.455 2.098 7,842 469,159 482,720 Support & governants costs.. Staff salary costs Pension Travel expenses Office costs Premises Costs Subscriptions Insurance Computer support Sundry expenses Motor expenses Bank charges Right of use interest HR support Pension charges Legal fees Payroll fees Accountancy Loss on disposal ot fixed as*ts Right of use depreciation Depreciation 17.701 222 21,706 1,813 47,040 283 5,425 2,759 2,618 3,403 223 16,541 571 10,875 2.413 35,619 610 1,877 1,682 976 3,396 246 2,293 1,855 70 1,163 1,346 1,805 15,456 1,198 1,444 142 11,685 29,050 12,908 10,592 164,461 104,545 Total expenditure on charitable activitles 633,620 557,266 £42.246 (2024: £24,132) of the above expenditure is restricted expenditure 16-
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 b. Staff Costs 10th Jul 2023 to 318t Dec 2024 2025 Gross wages and salaries Social security costs Pension 327,910 26,116 4.443 310,616 20,200 4,095 358,469 334,911 The above staff costs figure includes remuneration of one Trustee totalling £32,800 (2024.. 1 trustee £30,740) who is a pastor,. this remuneration is not for serving as Trustees. c. Particulars of employees: The average number of employees during the year 14.083 {2024'. 14) and calculated on the basis of full-time equivalents, was as follows.. 10thJul 2023 to 31st Dec 2024 2025 Pastors Other ministers and admins 12 12 No out-of-pocket expenses were reimbursed to Trustees in the year 17
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31SY DECEMBER 2025 4. Tangible fixed assets Freehold Leasehold Equipment Property and Improvements Improvements Motor Vehlcle$ Total Cost Balance at 1st Janu8ry 2025 Additions in the year Disposals in the year 341,670 1,008,846 48,162 4,226 1,812 395,870 1,008,846 (174) (174) Balance at 315t December 25 1,350,616 48,162 4,052 1,812 1,404,542 Depreciation: Balance at 1 st January 2025 Charge for the year Disposals in the year 8,542 27,244 963 944 10,592 29.050 (32) 634 522 (32} 453 340 Balance at 31st December 25 35.786 1,907 1,124 793 39,610 Net Book Value: Balarice at 31 December 2025 1.314,730 46,255 2,928 1.019 1,364,932 Balance at 31* December 2024 333,128 47,199 3,592 1,359 385.278 All fixed assets have been transferred from the charity number 500562 as the Net Bijok Value. 18
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31ST DECEMBER 2025 5. Right of use assets Cost.. Balan at 1st January 2025 Additions in the year Leases Total 725,697 725.697 Balance at 31st December 2025 725,697 725,697 Depreciation: Balance at 1st January 2025 Charge for the year 12,908 11,685 12,908 11,685 Balan at 31st Dernber 2025 24,693 24.593 Net Book Valu6 at 315t December 2025 701,104 701.104 Net Book Value at 31st December 2024 712,789 712,789 The Charity has a lease agreement with Manchester City Council dated 23rd Dember 2023 for 100 Yarburgh Street, Whalley Range, Manchester, M16 7EH for 150 years 6. Debtors 2025 st 31 Dec 2024 Prepayments Other Debtors 5,370 80,851 4,146 63,778 86.221 67,924 7. Croditors: amounts falling due within one year 2026 31st Dec 2024 Accruals Tax and social security Pension 9,888 7,788 1,900 1,040 913 10,801 10,728 19-
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 8. Anatysls of Net Assets between Funds 2025 Tangible Fixed Right of Use Assets Net Current Assets Unrestricted Funds General Fund Designated Funds (Note 9) Total 267,915 267,915 396,364 2,462,400 1,364,932 701,104 1,364,932 701,104 664,279 2,730,315 Restricted Funds Building Fund Compassion Fund Mission Fund Theological Fund 1,244 17.452 350 1,244 17,452 350 19,046 19.046 Totals 1,364.932 701,104 683,326 2,749,361 Period end 2024 Tangible Fixed Right of Use Assets Net Current Assets UnstrICtsd Funds General Fund Designated Funds (Note 9) Totsl 172,379 172,379 594,546 1,692,613 385,278 712,789 385,278 712.789 766.925 1,864,992 Restrlcted Funds Building Fund Compassion Fund Mission Fund 659,853 2,312 4,138 659,853 2.312 4,138 666,303 666,303 Totsls 385,278 712,789 1,433,228 2,531,295 20-
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOED 31- DECEMBER 2025 9. Unrestricted Funds Movements in the Period Transfer Reserves at Beglnning of year Income Expendlturo 172,379 615.718 2025 Reserves at End of year Funds General Fund (503,071) (17,111) 267,915 Designated Funds Tangible Assets Building Fund Reserves Fund Right of use lease Special Offerings Sunday School 385,278 395,833 190,804 712.789 4,078 5.032 3,831 51,040 (29.193) 1,008.846 (3,035) (223,939) 17,111 1,364.931 168,859 207,915 701,104 1,268 18,323 (11.685) (7,842) (36.548) 1,692,613 56,072 (88,303) 802,018 2.462,400 1,864,992 671,790 (591,374) 784,907 2,730,315 Movements in the Perfod Transfer Reserves at Beginning of period Income Expenditure Porlod end 2024 Reserves at End of Period Funds General Fund 569,983 (466,131) 68,527 172,379 Designated Funds Tangible Assets Building Fund ReseNes Fund Right of use lease Special Offerings Sunday School (10,592) 395,870 {3,420) 399,253 (_) 190,804 {12,908) 725,697 (3,240) (36.842) 385,278 395,833 190,804 712,789 4,078 3,831 7,318 40,673 47,991 (67,002) 1,711,624 1,692,613 617,974 1633,133) 1,780,151 1,864,992 General Fund - This fund is tjsed to finance the charity's general activrties and core costs outlined in the Trustees, ReporL Designated Funds: Tanglble Assets - resetves applied for capital expenditure (net of depreciation, revaluation surplus and provisions for diminuts'on in value). Bullding Fund- Potential purchase of a building in Manchester City Centre in the future 21
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 Reserve's fund- A provision for redundancy and three months, running costs. Transfer of Funds -Designation of funds for the purchase of a new building and the movement of the resernes. Also, the transfer of net book value of assets transferred from charity number 500562 Right of use lease - Introduction of leases as a 'Right of Use. asset and liabilities. Special offerings - income received for various causes. Sunday School - designated for Sunday school project 10. Rostricted Funds Movements in the Perlod Reserves at Beginning of year 2025 Transfer Of funds Reserves at end of year Income Expendlture Building Fund Compassion Fund Mission Fund Theological Fund 659,853 2.312 4,138 140,003 720 38,173 1,000 (14.949) (784,907) (1,788) (24,859) {650) 1,244 17,452 350 666.303 179,896 {42,246) (784,907) 19,046 Movements in the Period Reserves at Beginning of period Period end 2024 Transfer Of fund8 Reserves At End of Period Income Expendlture Building Fund Compassion Fund Mission Fund 29,700 930 26,765 630,153 2,887 659,853 2,312 4,138 (1,505) {22,627) 67,395 (24,132) 633,040 666,303 These are monies given to the Charity to be spent at the discretion of the Board of Trustees for specific charitable Plsrposes, as follows.. Building Fund donations, fund raising, and interest received applied for the building of the church premises in Manchester City Centre. Compasslon Fund - for the relief of poverty for the public benefit, by the support of charities which are helping people in povety throughout the world. Mlssion Fund- for the support of our overseas missionaries and other expenses relating to their mission. Transfer of Funds- The transfer for the purchase of new freehold properfy. The transfer of net book value of assets transferred from charity number 500562. 22-
THE MANCHESTER CHINESE CHRISTIAN CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2025 11. Guarantees and Other Flnancial Commitrnents Financial commitments under nOn-CanlIable operating leases relating leases as follow.. The only financial commitments under nOn-¢anlIable finan leases will result in the payment of a peppercorn of £10.500. being the annual sum due under a 150 year lease from 5th April 2022 with The Council of Manchester dated 18th December 2023. Johnson Fellow for Unit 3b Wing Yip Business Centre, started 28th November 2023 for five years. This will result in the following financial commitments-. 2025 Land & Buildlng Due within 1 year Due in 1 to 2 years Due in 2 to 5 years 2024 8,016 8,016 8,016 8,016 8,016 16,032 24,048 32,064 12. Related Paty Transactions LS Quek a trustee and a pastor received remuneration totslling £32.800 (2024= one trustees £30,740) 13.cash generated from operatlons 2025 10th Jul 2023 to 31st Dec 2024 Surplus for the period 218,066 2,531,295 AdjuslJn&nts for. Depreciation Right of use depreciation Loss on disposal of fixed assets 29,050 11,685 142 10,592 12,908 Movements in working capitsl: (Increase)Idecrease in debtors Increasel(de¢rease) in creditors (18,297) 73 (67,924) 10,728 Cash generated from operations 240,719 2,497,599 23-