Charity r•gislratlon numb•r 1208200 (England and Wales) BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO LEGALAND ADMINISTRATIVE INFORMATION Trust••s MFChan Drmsun KWLLaw BH Han Mman KKKChan DGUO (Apwinted 21 June 2025> (Appointed 21 June 20251 (Appointed 21 June 20251 IAppoinl8d 21 June 20251 IAppoinl8d 21 June 20251 Charfty numb•r (England and Wal9$) 1208200 Prlnclpal address 14 Upper Gough Stre8t Birmingha West Mldlands B1 1JG IndondOnt examinor CKCA knmltod No 4 C8Stle Court 2 Caslegale Way Dudley West Mldlands DY14RH
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO CONTENTS Pag• Trustees. report Independent examinerfs r•port Statement of financial activibes Balance sheet Notes lo the financial statements 7-15
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO TRUSTEES. REPORT FOR THE PERIOD ENDED 31 MARCH 2025 The truslegs present their anrwal report and financral stal8m8nts for the year ended 31 MarGh 2025. The principal addross is 14 Uppor Gough Street. Bimiingham, West Midlands. B1 1JG. The registered Charty ThJmb8r is 1208200. The Ilnancl8I statOmts have prepared in accordance 1h th8 accounUn9 pc41d8S Set ryt In nola 1 to the financial statements and comply the BCEC'S goveming dUm9n1, the Chariti6s Act 2011. FRS 102 'Tho Flnanclal Reportlng Standard applicable in the UK and Republic of Ir8land' and th8 Charities SORP 'ArLounting and Rgporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in a¢dance with the Finan(¥al Reporting StsThlard applicable in the UK and Republic of Ireland IFRS 1021.. Obj•ctiv•8 and acfjvlti•s Over the past y&ar, th& faithful GtNJ has blessed the entire BCEC church. and has also especAally led the work of the Trustoes. for which. we thank and praise the Lord. According lo the church Iradrtion. the work of the churth Tru5tee8 focus8s on thè main a$Cl$ of finance, personnel, ¢hur¢h building mainlenancelstewardship. etc. The objective of the work is to. on behalf of the church. handle Ihe above tssks well. an¢J Create ndrtIOnS so that the pastoral team can concentrate on pastoral works. e.g. leaching etc. In addition. also lo create conditions so that BCEC congregations can ccncentrate cffi receiving t8a¢hings. worshipplng God lo the fvllesL enhanclng thelr fath. and building spiriluol lives. Public benefft The Trustees have paid due regard to widanco issued by the Charity Commission in deciding what activitw the ChaTity should undertake. When planning activities for Ihe year, the Tnjsteès hav8 considered thè Commission's guidance on public benefit. The Church seeks to work in harmony with other cornmunitEs and charitable organisalior75 and this is reflected in the donations made in the year. The Church holds weekly Sunday swvi¢fj$ in a range of languages {Mandaiin. Cantonese and English) across number of siles including the Charity's registered office that ar8 intènded for th8 worship of the Lord God and furtherance of indwidual's faith. In addition lo Church services, the pastoral team are responsible for running a number of events which include Sunday School provisions for the Children who regularly attend the Church and Bible study groups lakn'ng place at the UnNerslty of Bimilngham for hs, sludents. The Church relies on voluntary contitutions to operate and fulfil ils obledwes. The Trustees olso wish lo aCknOedge wth gratitude all individuals who have made donatKJn$ or volunteered lime during the year. The Church could not continue to operate wilhoul their support.
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO TRUSTEES. REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Achlevomonts and porforrnanc• Significant activitS and achi8vem6tnfs against obie¢fves Church Bulldlng Malntsnanc8 Last summèr, air conditioning and ventllalion systems weTe installed in the church's maln hall. significantly improving air quality during Sunday servlces and larger gatherings. New flooring has also been instslled in the downstairs da$srooms and stairwell, creating a ¢18aner and fresher onwronmenl for church activibes. LkIng ahead, plan lo refurbish the chLrc'$ front fade. whith h85 twun to show signs of wear. Tha Search far New Church PTèmis•s This year. we held two Extraordinary Genaral m8eb.ngs IEGM5} to (JSs¢uss potenllal new Churth premlses. The first EGM focused on our bid for Highgale House in Digbeth. Ajlhough we re ultimately outbid, we wg encouraged by the support of our congregation, both in prayer and financial conlribulions. The second EGM addrès$8d th8 proposal lo lease 89 Holloway Head as a secondary church venue. The congregatlon expressed strong support for this plan- howèver, in the following months. negotiations with tho landlord did not result in a satisfactory agreement. Due lo additional leaso tgmis that WOU have placed a greater financial burden on BCEC, the church committees decided to withdraw from the proposal. We continu8 to aetiv8ly search for a sullable new venue and appreciate the ongoing SUPPOrt and prayers of our congregatlon in this matter. Conver51Dn to Charitablg Incorporal•d Organlzatlon BCEC has successfully trans1tned lo Charitable Incorporated Organlz81ion (CIO) slatus, wth the offi¢lal transfer date on 30 November 2024. Because of the transition lo becoming a CIO Icharitsble Incorptxaled Organi$atsonl, a significant amount of wo has been generated.. registering Wlth HMRC, applying for a bank account, contsGlin9 payroll company, p&nsion provbder. Insurance company. auditor, utility supplbers, inlemel provider.. and nothin9 has gone Smoothly. Each lask has taken conslder8ble tim8 to complete. Many thanks to treasury team colleagues and committee m¢mkrs for their hard work. We are grateful that BCEC conunues to seNe the Blrmlngham and West Midlands communltles falthfully. We hoF lo further expand our mlsslon by sprèading the gospel and reaching more people through our ministries. Thank y for your continued support and praygrs. Fln•n¢l•l rnvl•w Total InGome for the peritsd amounted lo £286,269 {p8riod to November 2024.. £559.3481. This reflects the donations received in the 4 months lo 31 March 2025 and also the 'donalion' of the value freehold land & buildlngs previously held by the trustees of the old charity as custodbans In-line with accounting standards. The expèndllure on charitsble acllvlllgs and the running of the Charty amounted to £213.351 (per to November 2024.. £397.0171. Capilal expanditur8 of £3.694 Iperiod to Novemb8r 2024= £32,001) represents tho building installation for the boilèr and the purchase of minor equipment for the completion of Sunday services and mid-week events. Going concem The Trustees are satisfied that th8 Charity is adequately finan¢ed for th8 lor?seeable future.
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO TRUSTEES, REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 ReseNes policy The Charity maintains a number of separated unreslrfcted funds whlch are used to fund the relevanl 8cllvitles of the Church. The Trustees aim to maintain each r8S8rve at a 18v81 equivalent to be¥en 3 and 6 months, expenditure as a minimum in order lo ensure that, in the event of a significant drop in donations re¢8iv8d. they will bo able lo continue the Charivs current activitses while consideration is given to ways in which adtlillonal funds may be raised. This level of reserves has been maintained throughout tho periTrJ. stfUCtur•. gov•rnanc• and manayment The charity 15 govemed by a Trust deed as a regislergd CIO with thg Charity Commi$$ion for England & Wales. Trustee8 are advised of the Chanty Commission guidan¢e on bein9 0 new Trustee on Ihelr appointment to the Board. The trustees have regUr day to day contact wtlhin the Church and are heavily involv8d in the dgrysion making process. The tmslees who served during the year 8nd up lo dale of Signatu of the financbal slalements were.. MFChan SSFKho Drmsun KWLLaw BH Han Mman KKKChan DGUO IResSgne(121 June 20251 IAppoint8d 21 June 20251 {Appoinled 21 June 20251 IAppoinled 21 June 20251 IAppoinied 21 June 20251 IAppoinled 21 June 20251 Recmthenl and apPntMen1 oflnJslee$ The Trustees run the affairs of Ihe Church wllh no addillonal IndIlualS being 81bwed onto the Board of Tnjstees by ad hoc appointments. Trustees are instead èleded annually from elected committee members at the Ch8rWs AGM. Any appointments made are wlh due regard to the rel8vant skills and knowledge roquired. Organisation81 slmclure Tho Church is Yun by th• Trusto0s' who make decisions in the b8sI interest of the Church arKI the congiegalKsn. The trustees. report was approve<l by the Board ofTrn$tees. DGUO Chair 21 January 2026
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES. OF BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO I report lo the trusteos, on my examination of the financial stalgments of Birmingham Chinese Evangelical Church CIO Ilhe BCEC) for the period ended 31 March 2025. Responslbllltles and basls of report As the Iruslees. of the BCEC you are resporbsible for the preparation of the finan(#al slalements in accordance with the requirements of the Charitlgs Act 2011. reFKJrt in respect of my examination of the BCEC'S financial ststements Carrled out under section 145 of the Chariti8s Act 2011. In carying out my examination I have followed the Directions given by the Charity CcKnmission under section 145(51{bl of the Charitiès Act 2011. Indepgndent examin¢¢s $tstsm8n¢ Since the BCEC'S gross income exceeded £250,000. the independent examiner musl be a member of a body listed In s8¢tlon 145 of Ihe Charities Act 2011. 1 confimi that l am qualified lo undertake the examination becausè l am Momr of UK. which FS one of Ihe listed bodi8s. I have completed my examlnalion. I confirm that no matters have cme to my attention in winoction with th examination giving me cause to believe that in any material respect: ac¢ounting records were not kept in respect of the BCEC as required by soclion 130 of the Charlbes Acl 2011. the financial stalemenis th not accord wth those records., or th8 financial statsmenls do not comply wlth Ihe applicable requlrements concerning thè fomi and contsnt of rinan¢ial statements set out in th8 Charities (Accounts and Reports) R8gulations 2(KJ8 other than any raquiramenl that the ffinancial slatsments give a true and falr view, which is not a matter wnsidered as part of an independent examinati. I have rK) concgms and have come across no other maitsrs In wnnection wlh the examlnation to which attentlon should be drawn In this report in order lo enable a proper und8rslanding of the finarbclal stalemènts lo be reached. Fran¢o$ Clapham FCA CKCA Limitsd No 4 Castle Court 2 Casllegate Way Dudley West Mldlands DY14RH 21 January 2026
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE PERIOD ENDED 31 MARCH 2025 ilnrestricted R•strf¢t fund# fund 2025 2025 T¢)tsl Unre$tri¢ted R•stri¢t•d fvnds fvnd$ 2024 2024 Total 2025 2024 Notes Income and endO•nts from: DonalN)ns and legacies Invèstmènts Other income 110.240 9.933 166,096 276,336 9,933 305,043 5,537 73,539 175,229 480,272 5,537 73,539 Total Income 120.173 166.096 286,269 384.119 175,229 559,348 Exponditure on: Charllable activitie8 193.104 20.247 213.351 358.771 38,243 397,014 Total •xp•ndltyr• 193,104 20,247 213.351 358.771 38.243 397.014 Not incomo1(expondltur•l 172,931) 145.849 72,918 25,348 136,986 162,334 Transfers between funds 110,0011 10.001 9.CQ3 19,0031 Not movgmgnt In funds 182.9321 155,850 72.918 34.351 127,983 162,334 R•conciliation of fund$: Fund balances al 1 Demb9r 2024 717,845 650,579 1.368,424 683.494 522.596 1,206,090 Fund balanc•s at 31 March 2025 634,913 806.429 1.441.342 717,845 650.579 1.368.424 slalemenl of financial activities includ88 all gains and losse5 recognised in the period. All inc¢)me and expenditure d•riv$ from ronlinuing actiMties.
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Note¥ Fix•d asset3 Tangible assets Investments 12 13 211.86S 600,000 56,919 811.865 56,919 Current assets Dablcfs Cash al bank and in hand 14 2,656 639.126 62.468 1.259.937 641.782 1,322,405 Creditors: amounts falllng dufr wlthln one y•ar 15 112.305} (lo.9) Net curr•nt ass¢ts 629,477 1.311,505 Total assets le$8 curront Ilablllties 1.441.342 1,368.424 The funds of the BCEC Reslricled Income funds Unreslncted funds 17 806.429 634.913 650,579 717,845 1,441.342 1.368,424 The flnanclal statements were approved by the trustees, on 21 Janu¥y 2026 DGU Chair
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2025 AccOunTrg poll¢l•$ Charlty Informatlon Bimiingham Chinese Evangelical Church CIO is a charity as registered with the Charity Commission for England and Wales (registration wmber 1208200). The reglstered office Is 14 Upper Gough Street. Birmingham, Wesl Midlands. 81 1 JG. 1.1 Reporting p•rlod As al 30 November 2024 the 8$tIng Clinese Evangel'cal Churth {charity nUMr 10482561 transferred its assets an liabilities to Birmingham Chines8 Evangelical Church CIO Icharity number 12082001 IBCEC CIO). BCEC CIO prepare ils accounts to 31 March each year entl the first peri< of account is the period ended 31 March 2025. A5 the 8ccounls have been prepared under the merger accounkn'ng prin¢ip818 in Ilne with section 27 of the SORP, the comparative information Shown irb the BCEC CIO accounts r8lale8 to the Chinese Evangelical Chur¢h results. The comparative amounts are for an 8 month period. whereas the current results are for the 4 month period ended 31 Marth 2025. The comparative amounts presented in the financial statements linduding the reloled note$} are therefore not entirely comparable. 1.2 Basls of proparatlon The financial slalements have been prepared in accordance with the BCEC'S governing documont, Ihg Charities Act 2011. FRS 102 Yhe Financial Reporting Slantlard applicable in the UK and Republi¢ of Ireland" and the Charities SORP 'Accounling and Reporting by Charit6es." Ststement of Recommended Prath. applicable to charities prepariThJ their 8ccounts in accordance with the Financial Reporting Standard applicable in the UK and Ropubllc of Ireland IFRS 102)". The BCEC is a Public Benefrt Entity as defined by FRS 102. Th8 financial statements have departed from the Charitie8 {Accounts and Reports) RegulalK)n$ 2008 only lo the extent required to provlde 8 true and fair view. This departure has Involved following the Statement of Recommended Pra¢tico for charities applying FRS 102 rather than the verSn of the Statement of Recommended Practice which 1$ reforred lo In the Regulations but which has since been wthdrawn. Thg flnanclal statements are prepared In steding, which os the fiJnct¥)nal currency of thg BCEC. Monel8ry amounts in these financlal Statements are rounded to the nearest £. The financial statements have been prepared under the historical eo$l Convention. The principal accounting poltcies adopt&d are set out below. 1.3 Going concorn At thg Ilme of approving the financial statements, the trustees, have a reasonable expeclallon that the BCEC has adwuate resources lo conliThJe in operational existen for thfr fora$aeabl& fLrturg. Thus the Irustees, continua to Bdopl the going concem basis of accounting in pr8paring tho financial $tstgments. 1.4 Charltable fvnds Unrèstricted funds are available for use al the discretion of the tfustees, furtherdnce of their charitable objectives. R8slrlcle(I funds a subject lo speciftc coThJitions by donors or grantors as lo how they may be used. The purposes and uses of the restrictsd funds are set out in the notes lo thfr finandal statements. Endowrnenl funds are subject to specific ndillonS by don0 that the upitsl must maintaine(I by the BCEC.
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Accounting poliei•$ (Conllnu•d} 1.5 In¢om• Income is recognised when tho BCEC 1$ legally entitled to it after any performance condibons have been met, the amounts can be measured relia1y, and it 1$ probable that income will be r1ved. Cash donations arè recognis8d on r8c8ipt. Other donallons ar8 recconised once the BCEC has been notifigd of the donation, unless perfomiance condibons require deferral of the amounl. Income lax recoverable in relation to donations recèived uler GiftAid or deeds of covenant is rocognised at the time of the donation. Legacies ale reco9nised on r¢¢eipt or olherwse if the BCEC has been notified of an impending dIStriblon. the amount is known, and reit is èxpected. If the amount is not known, the legacy is Ireale(l as conllngent asset. 1.6 EXndIt Expenditure is recognised once there is a legal or constructive obligation to Iransfor economic benefit to third paty. it 1$ probabl8 that a transfer of economic b8nefits will bo required in settlem8nL and the amount of tho obligation can b8 measured reliabty. Expenditure is classified by activity. The costs of each activity are made up of the total of dlred Costs and shared costs, induding support costs involv8(i in undertaking each a¢livily. Direct costs attributabl8 lo a single activity are allocated diredly to that activity. shar costs whith contribute lo more than on8 activity and support costs which are nol attr&iulable to a single actNity ar8 apportioned between thos8 adwItS on a basi8 consistent with the use of rtrsoui¢es. C8ntral stsff costs are allocated on the basis of time spent. and depreciation charges are allocated on the portion of the asset's use. 1.7 Tanglble flxed assets Tangbble fixed 89sots are initially measured at wst and subsequently measured al cost or valuation, of depredation and any Impaimient losses. D8pre¢iation is recognlsed so as to write off the cost or valuation of assets less their resKlual values over th8ir useful lives on the following bases.. Freehold land and buildings Leasehold land and buildings Leasehold improvemonls Plant and equipment Flxtures and frtting$ 50 years S /0 Straight Lin8 SY. Straight Line 12.5¥. Reducing Balance 33Y¢ Reducing Balance Freéhold land is not depte£l. The gain or loss arising on the disposal of an ass8t is determined as the difference between the sale proceeds and the carying value of the 8ssel, ond is rewnised in the slateTnent of financial activities. 1.8 Fixed assel inv06tment$ Fixed asset inv8stm8nts are Initially maasured al transadon price gxcluding transaction cost$, and ar8 subsequenly measured at fair value al each reporting dale. Changes in fair value are rècogniwl in net In¢omelloxp8nditurel for the year. Transaction costs ar& &xponsg(1 as incurred. 1.9 Impalm)•nt of fix•d assets Al each reporting end dale, the BCEC reviews the carrying amounts of 11$ tangible assels to detemiine whether there is any indlcalion Ihal ItK)se assets have suffered an impairment loss. If any such indication exists. the recoverabl& amount of the asset is estimated In order to delennlne the extent of the impairment loss111 any).
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Accounting polici•s (Continu•dl 1.10 Cash and ¢ash oquiv81onts Cash and cash equivalents include osh in hand. Jeposils held at call wth bank5, Other 5hort-terni liquid investments with original maturities of three months or 18ss. and bank overdrafts. Bank overdrafts are Shown thin borrowings in current liabilities. 1.11 Financial instrumonts The BCEC has electsd to apply the prow&ons of Section 11 'Basic Financial Instnjments. and Sectlon 12 '0lher Financlal Instruments Issues, of FRS 102 to all of its financial instruments. Financial instrumènts arè wognised the 8CEC'$ balance sheet when th8 BCEC t¢om8$ paty to th contractU81 provisions of the Instrument Financial assets and liabilltles are offset, the nel amounts presented in the financial statement5, when there is a 18gally 8nfor¢eable right to sel off the re¢ognised amounts and there is an intention to settle on a net basls or lo realise the asset and settle Ihe Ilablllty slmult8nwusly. Ba$1¢ flnan¢lal a$$•ts Basic financlal assets, which Indudg debtors and cash and bank balan$, are init1811y measured at transaction price Indudlng transaction c£Jsts and 8r8 subs8quenty carrled at amortlsed co81 uslng the effective interest method unless the arrangement constitutes a financing traraCtIon. where the transaction is measured at the present value of the future re¢gipl$ discounted at a markol rate of interest. FinanThal assets classified as receivable wlhin one year are not amortised. 8a$lc Ilnanclal liabilliies Basic financial liabilities. includiThJ creditors and bank loans are inltlally recognlsod al transaction price unl88s the arrangement eonslilules a financing transaction, where lh8 dgbl inslrumont is measured al the present value of the future payments discountod 01 a market rate of interest. Finan(aal liabilities clas5tfi8d as payable within one y8ar are not amortised. Dgbt Instruments 8re subsequendy carried at amortised cost. using the effective interest rate method. Trad8 creditors are obligattons lo pay for goods or services that have begn acquirgd in thg ordinary COUTS8 of operations from suppliers. Amounts payable 8re classffied as current liabilities if payment is due within one year or less. If not. they are presented 88 non-current liabilities. Trade creditors are recognised initially at transa¢tion price and subsequenuy measured at smoTtised cost using the effective interest method. Dere¢ognltlon of Ilnan¢lal liabilitios Financial liabilitigs aro derocognised when the BCEC'S contractual obligations expire or are discharged or cancelled. 1.12 Employ•0 ben•ffts The cost of any unused holiday entlllement Ss recogimsed in the period in which the employee'5 servicEs are rac8lved. Temiination benefits are recognised immed¢ately as an eXn$ when tt)0 8CEC18 demonstrably commlitsd to lerminale the employment of an employee or to provid* lermlnatlon benefits. 1.13 Rètlrement benoflts Payments to defined contribution retirement b8nefil sch8m8s oro thary8d as an expense as they fall due.
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Critical accounting estlmal¢$ and Judg•monts In the appllcalion of the BCEC'S a(*ountlng polides, th8 Irust8es' are requirèd to make ludgemenls, estimates and assumptions about the carying amount of assets and liabiliti8s that are not readily apparent frorn other sour¢es. Th8 &stimales and associated assumptions ar& based on historical experlence antl other factors that are considered to be relevant. Actual results may dlffer from these estlmates. The estlmat8s and underfying assumpkn'ons are revie on an ongoing basis. Revlsions to accounting eslirnales are ro¢ognised in Ihe period in which the estimat8 is revised where the revision affects only that pen¢xl. or in the period of the revision and fubJre periods where the revision affects both cufrenl and future periods. In¢ome from donation• and legac$ Unrestrlcted Restricled fund• funds 2025 2025 Tolal Unr•strlcted Rèstrl¢ted funds funds 2024 2024 Totsl 2025 2024 Donatn$ and gifts 110,240 166. 276.336 305,043 175,229 480.272 Income from Investments UnrostrIGtod Unre$trl¢ted funds funds 2025 2024 Interest recelvable 9,933 5.537 Other in Unrostrlcted Unr•strid•d funds fvnds 2025 2024 Other income GiftAid Receipts 11.072 62.467 73,539 10-
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEmErs (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Expondlture ¢)n charitable activitigs Dlr•rt Costs Direct Costs 2025 2024 Dlrect costs Staff costs Mlssion And Ministry Love Grfl and Donatlons 113,286 24,327 18,551 209.304 34,459 41,294 156.164 285,057 Shar• of Support and gov•rnan¢e costs Is•• not• n Support Govemance 55,187 2.000 106.936 5,021 213.351 397.014 Analysis by fund Urbreslricled fund$ Restricted funds 193,104 20,247 358.771 38,243 213.351 397,014 Support costs allocatod lo actl¥ltl•$ 2025 2024 Staff ¢osls DaprerAation Utilities Insurance Travel Stslonery and Printing Telephone Bank Charges Repairs and MBint&nance Sundry Expenses Govemance Gos15 26.658 5,105 1,491 45,363 11,415 2,583 2,432 2.035 2,389 838 424 34,984 4,473 5,021 1.263 500 597 170 16.531 2.872 2,000 57,187 111,957 Analys¢d b•two•n: Direct Costs 57,187 111.957 11
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 Net movement In funds 2025 2024 The net movement in funds is stated after ¢h8rglngll¢rediting}'. Fees payable for the independent examination of the charitys financial statemènts Depreciation of owned tangible red assets 1,850 5.105 1.575 11.415 Tru$t••s' None of thè trustees, {or any persons nnected with them} received any remuneration or benefits from the BCEC during the period. 10 Employe•s The average monthly number of employees during th& p8riod was: 2025 2024 Numbgr Number 11 11 Employment costs 2025 2024 Wages and salarie8 Soclal securty ¢osls Olher pension $ts 124,734 12,188 3.022 227,372 22,866 4.429 139.944 254,667 The were no employees whose annual remuneration was more than £60,000. 11 Taxatlon The charity is gX8mpl from taxats'on on Its activities because all its income is appld for charitable purposes. 12-
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED FOR THE PERIOD ENDED 31 MARCH 2025 12 TangIb flxed assets Frn•hold land and buildings L•as8hold LethOld land and knpr0vnts buildiTrJ• Plant and Flxtures and equlpm•rrt flttlng$ Totsl Cost At 10ecember 2024 Additions 85,0 106,379 33.338 3,694 69,048 293.765 160,052 156.358 At 31 March 2025 156.358 85,000 106,379 37,032 69,048 453,817 Deprgclatlon and impalmient At 1 De¢*mber 2024 DeprecAation charged in the 85.000 85,287 21,643 44.917 236,847 1.773 2.842 5,105 Al 31 March 2025 85,000 87.(KO 22.133 47,759 241.952 C•rySng amount At 31 March 2025 156,358 19,319 14,899 21,289 211,865 At 30 November 2024 21,092 11,696 24,131 56,919 13 Fwd as8•t Investments Cash on d•po$lt > 1 year Cost or valuatlon At 1 December 2024 Valuation changes 600,000 At 31 March 2025 600,000 C•rrying amount At 31 March 2025 600.000 At 30 November 2024 £600,000 has been held on dewsit with Urity bank 81 a rate of4.25% due to mature 18 January 2027. 14 Debtows 2025 2024 Amounts falling du• wlthln on• ygar. Other debtors 2.656 62,468 13-
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 15 Creditors: amounts falling due wlthln onfr year 2025 2024 Other taxation and sorial se¢urity Other credrtOTS 8.667 3.638 7,752 3,148 12.305 10,900 16 Retlr•m•nt b•n•frt sch•m•$ 2025 2024 Definod contrlbutlon schemes Charge lo proflt or loss In respect of d9fingiJ contribution schemes 3.022 4,429 The BCEC operates a defined contribution pension scheme for all qualrfying employèes. The assets of ttle scheme are held separately from thosè of th8 BCEC in an independently administered fund. 17 Reslrlct•d funds The restricted funds of the charlty mprise the unexpended balances of donatiorns and grants hald on trust subject to spectfic condttbns by donors as to how they may be usèd. Incoming Rosourcos r•sources exponded Transf•rs At 31 March 2025 OKomb•r 2024 Fre8hold Land & Buildings Fixed assets Buikling fund Conference 156.358 156,358 48,069 602.002 48.069 602.510 4,088 5,650 14.5961 115.6511 10,001 650.579 166,096 120,2471 10.001 806.429 Previous year. At1 Dwmb•r 2023 lTrcomlng Resources resources expended Transfers A130 Nov•mb•r 2024 Fixed assets BulldlNJ fund Conference 26.787 495.809 110,7191 15.7541 121.7701 32.001 {32,0011 19,003) 48.069 602.510 144,456 30.773 522.596 175,229 138.2431 19.003) 650,579 14-
BIRMINGHAM CHINESE EVANGELICAL CHURCH CIO NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2025 18 Unre$trlet•d funds The unrestrlcled funds ol the charNy cornprlsg the un8XP8nde(i balances of donaliorts and grants which are nol subl&Gt to sp8cffic condltlons by donors and grantors as lo how Ihgy may b8 used. These include deslgnated funds which have begn s&t aside out of unrostricted funds by the trustees for purposes. In¢omlng Resour¢•s r9sou•s expen Transf•rs At 31 March 202S Dec•mbor 2024 General funds 717,845 120.173 1193,104) 110.0011 634,913 Pr•vlou$ year. At1 Dècomb8r 2023 Incoming Re$ourc•s re¥our¢•s expended Transfers At30 November 2024 Gener81 funds 683.494 384,119 1358.7711 9,003 717.845 19 Analysis of not assets belween funds Unrostrlcted nds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Invg$tmenls Currgnt assetsllmabllltlesl 7,341 600.000 27.572 204,524 211,865 600,000 629,477 601,5 634.913 806,429 1.441.342 Unrastrlct•d funds 2024 R•strl¢t•d fund$ 2024 Totsl 2024 At 30 November 2024: Tangible asseis Cuffenl a$so1sllliabililie5) 8.850 708,995 48,C69 602.510 56,919 1,311,505 717.845 650,579 1.368,424 20 Relatgd party transa¢llons There were no disdosablg related p8ty tranSacnS during the period12024- none). 15-