The Churches of God in UK (A Company Limited by Guarantee) Annual Report and Financial Statements Year ended 31 March 2025 Charity number '. 298835 Company Number.. 02350280 Feltons Chartered Accountants Birmingham 813JR The Churches of God in UK {A Company Limited by Guarantee) Report and financial statements Year ended 31 March 2025 Contents Page Reference and administrative details Report of the trustees Independent auditor's report on the financial statements statement of financial activities incorporating income & expenditure account 10 Balance sheet 11 Cash flow statement 12 Note5 forming part of the financia5 statements, incorporating Statement of accounting policies 13 Other notes lo the financial slalemenls 16 The Churches of God in UK IA Company Limited by Guaranteg) Reference and Administrative Details Trwlees Tsz La Choy Oi Wan9 Tarn Kam Yiu Tsarg Choy Kwai Lam Katn T0￿g LH Wai Kwory Leung Gompany 8e¢r?tsry Kenny Weng Seng Lock (resigned 08.11.24 CheukTityJ Pun lappoinled 08.11 241 Registered offi 18 Croydon Road Beddinglon Creydon CR04PA Charlty number 298￿5 Company registration number 02350280 Auditors Feltons 8 StrvÈrÈign Court 8 Graham Sireei Birmingham B13JR Bankers HSBC Bank PIC 421 Brixton Road London SW9 8HE Page 1 The Churche5 of God in UK IA Company Limited by Guarantee) Report of the trustees Year ended 31 March 2025 The trustees present their annual report and financial statements of the charity for the year ended 31 March 2025. Reference and adminislralive information sel out on page 1 forms part of this ieport. The finanrial statements nply with current statutory requirements. the charitls goveming docurnenls. and the Slalemenl ol Recornmended Practice.. ArLounling and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard appliGable in the UK and Republic of Ireland {FRS1021 issued on 16 Jvly 2014. as updated on 2 February 2016 ISORP 20151. and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021. Taking advantage of the small charities provision in"Section 4.6 and 4.22-4.26 01 the same SORP, the tsuslees have reported income and expenditure on a natural basis. STRUCTURE, GOVERANCE, AND MANAGEMENT The charity is a ¢haritable cornpany limited by guarantee and is governed by a memorandum and articles of a5$0ryalion dated 25 October 1988. PLtrehases and alms, and p￿ncipal actFVlties The objective and principal activity of the charity is the advancement of the Chrisb8n religion. for the public benefit, through laith-based activities, includ¢n9 congregations, visits. ￿11 group. youth development. Sunday school, and other charitable activities. Pollc18s adopted for the inductlon and training of Board of Trustees Wheré need is identified. new ttU5te88 are selected mainly from within the Matured Christians in the congregation. Currenl Trustees identify other members of the congregation who are considered to have the necessary skills, inleresls, and spiritual understanding ol our Christian teachirsg in furthering the faith of Christianity through variws charitable work. Related party relatlonship The ¢harity has considered the disdosure requirements of the SORP for related party relationships. The charity has no related party conne¢lion5 Wlth oiher organisalions. The Irusl&e5 consider that the member5 of the board and their close connecb'ons to be the only related partie5 01 the charity. Detalls of Iruslee expenses and related party transactions are disclosed in notes 5 and 6 to the accounts. Risk manayemènt The Trustee5 have Considered the key risks affeding the charity and are satisfied that measures are in place to mitigate those risks. Achievem8nts and Perfomianc¢ As ol March 31, 2025. our congregations have continuecl lo grow steadily, with attendance exceeding 3,170- a 6Q increase from thè previous year. Thi5 encouraging growth has slrenglhened our Presen￿ in 20 cities and lovms across the UK, allowing us lo serve more than 640 families within our communities. Page 2 The Churches of God in UK {A Company Limited by Guaranteè) Report of the trustees Icontinuedl In response to the rising number of Hong Kong immigrants settling in the UK, we have consistently rented schools and public halls to host a variety of charitable programs and services tailored to meet the ¢volving needs ol our diverse communities. On the inlemational front, we have sent 41 volunleers as mission teams lo Poland. Kenya, and Tanz8nia, where they supported local charitable initiatives and contributed lo church planting efforts. Looking ahead, our vision for the coming year includes expanding our youth and English minislrSes to ensure our servi￿$ remain accessible. inclusive, and relevant to a broader audience. Our eornmitmenl to providing holi$l SOCI81 and spiritual support rernains steadfast as we continue to serve wilh compassion and excellence. Our ￿lUnteers are the heartbeat ol our mission. Their dedication acr9s5 ministry. adminlstratlon. p￿a¢hIng, and charitable outreach is vital lo all that we accomplish. We exlend our deepest gratitude to the approximately 260 indivtduals who have generou51y offered their time, skills, and passion over the past year. Their selffess service continues to sustain the work we do in communities near and far. Ststement of Public benefit The Board of Trustees confirm that they have eornplied with their duty to have due regard lo the guidance on public benefil published by the Charlty Commission in exercising their py)wers or duties. FINANCIAL REVIEW Financial Posltlon During the year thè charity incurred net expenditure of £67,3[￿12024- £127.655}. Total income for the year amounted to È415.268 12024 £288,892). including donations {mainly from congregalionsl of £364,69412024 £265,180), gift aid claims totalling £12,94612024 - £9,292), and bank interest income amountsng to £27,75912024- £13,9031. Total expènditure for the year amounled lo £482,574 12024 - £416.5471. induding rent and room hire costs amounting lo £145,841 12024 - £152,421). depreclation on fixed assets of £97,098 12024 - £118,179), and global charity servicES of £13.111 {2024 - £16.1891. Other gains amounted lo £598.634 {2024- £nill and represented the gain on disposal of fixed assets in the year. Restrided funds, representing project funds received but not yel expended, increased from £31.809 10 £64,600. Unre51ri¢led funds increased from £209,369 10 £707.906. Total funds increased from £241.178 to £772,506. The trustees consider this pjsition lo be adequate and aim to build and relain reserves to cover six months operating ¢osts. Reserves Policy The charity currently has no reserves pollcy. Page 3 The Churches of God in UK {A Company Limited by Guarantee} Report of the trustees {continuedl Going Concern After making appropriate enqijiries, thè trustees have a reasonable expectation that the charity ha$ adequate resources lo continue in operational existence for the foreseeable future. For this reason, they Continue lo adopt the going conceins basis in preparing the financial statements. TRUSTEES, RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS The charlty tiustee5 are responsible for preparing a trustees, annual report 8nd financial statements in accordance with applicable law and United Kingdon7 Accounting Sland8rd5 (United Kingdom Gener811y A¢￿pted Accounting Praclicel. The law applicable to charities k) England and Wales requires the charity trustees to prepare financial ststements for each year which give a true and fair view ol the state of affairs of (he charity and of the incoming resource5 and application ol res¢xJrces, of the charily lor that period. In preparing the financial siatements, the Iruslees are required lo.. Select suitable accounting policies and then apply them consist8nlly', Observe the methods and principles in the applicable Charities SORP., Make juclgements and estimates that are reasonable and prudent., Slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial slatemenls., Prepare the financial statements on the 90ing corn￿rn basis unless K is inappropriate to assume that the group will COnt￿lUe in business. The trustees are responsible for keeping proper accounting records that disclose wlh reasonable accuracy at any bme rhe financial posits.on of the charily and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities IAwounls and Reports) Regulations, and the provision5 of the Charity'5 governing documènt. They are also responsible for Safeguarding the assets or the charity and taking reasonable steps for the prevenlvjn and detection of fraud #nd other irregularities. The trustees are responsible for the maintenance and integrity of the charity and financial inforrnation included on the charity's website in accordance wrth legislation in the United Kingdom governing the preparation and dissernination of financial statements. Disclosure of infomiation to auditor In so far as the trustee5 a￿ awa￿.. there Is no relevant audll Informal￿n of which the charitable ¢ornpany's auditor is unaware., and the Iruslees have taken all steps that they ought to have taken to make themselve5 aware of any relevant audit inform*on and to establish that the auditor Is aware of that information. Auditor Feltons has expressed their will(ngness to continue in office. Page 4 The Churches of God in UK (A Company Limited by Guarantee) Report of the trustees {¢ontinuedl PREPARATION OF THE REPORT This report has been prepared taking advantage of the small companies exernplion of sectlon 415A of the Companies Act 2006. APPROVAL OF THE REPORT This report was approved by the Board of Trustees on .11.-.7.-.2Q25. and signed on their behalf by.. Tsz Lai Choy Trustee Page 5 Independent Auditor's Report to the Trustees of The Churches of God in UK IA Company Limited by Guaranteè) Oplnlon We have audited the financial statements of The ChLwches of God in UK Ittte 'charitable company? for the year ended 31 March 2025 which comprise the Statement of Financial Activitie5, the Balance Sheet, the Statement of Cash Flows and notes lo the financial stalernents, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law arKJ United Kingdom Accounting Standards, including Fi￿anCIal Reporting Standard 102 'The Financial Reporting Standard applicab￿ in the UK and Republic of Ireland" (Uniied Kingdom Generally Accepted Accounting Practice). In our optnion the financial stalernents give a true ancf fair view ol the state ol the charitable company's affairs as al 31 March 2025. and ol its incoming resource5 and application of resources, including Its income and expenditure. (or the year then ended., have been properly prepared in accordance with United ￿ngdOrn Generally Accepted Accounting Practice.. and have been prepared in accordan￿ with the requirements ol the Comparues Act 2006. Basis for opinion We conducted our audit in accordance with INt￿natIOnal Standards or* AIKliting IUKI IISAS {UKII and applicable law. Our responsibilities under those standards a￿ further described in the Auditor's responsibilities for the audit ol the financial statements section of our report. We are independent of the charIta￿e company in accordance with the ethical requ1￿mentS that are relevant to our audit of the finaneial statements in the UK. including the FRC'S Ethical Slandaid. and we have fulfilled our ofher ethical responsibilities in accordance with these requirements. We believe that the audit evidenee we have obtained is suKicient and appropriate to provide a basis for our opinion. Conclusrons relating to going concèrn In auditin9 the financlal statements. we have concluded that the Iruslees, use of the going concern basis of acwunling in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not idenlffied any material uncertainties relating lo event5 or conditions that, individually or collectively, may cast signfficanl doubt on the charitable company's ability to continue as a going concern for a period of al least ￿e1ve months from when the financial statemertrls are aulhorised for issue. Our responsibilities and the responsibilities of the trustees with respecl to golng cgncem are d8￿ribed in the ￿levant sections ol this report. Othèr information The other infomiation comprises the infomiatTon included in the trustee5 annual report, other than the financial statements and our auditor's report thereon. The Iru51ees are responsible for the other information contained within the annual report. Our oplnion on the financial statements does llol cover the other information and. ex¢ept to the exient olhemse explicitly 5tatsd in our report, we do not express any form of as5uran¢e conclusion thereon. Page 6 Independent Auditor's Report to the Trustees of The Ghurches of God in UK IA Company Limited by Guarantee) Icontinued) Our responsibility is lo read the other informallon and, in doing so. consider whether the other inforrnalion Ss materially inconsistent with the financial statements or our knowledge obtained In the course of the audit or olherwse appears to be materially mis51ated. If we identify such material inconsistencies or apparent material misstalernellts, we are requI￿d to determine whether this 9ives rise to a material misstatement in the financial statements themselves. 11, based on the work we have performed, we cL¥)clude that there is a material missl3tement ol this other inforrnalion. we are required to report that fact. We have nothing to report in this regard. Opinion on other matters prèscribed by the Companies Act 2006 In our opinion, based on the work undertaken In the course of the audit.. the information given in the Tiustees, Report for the financial year for which the finafj¢ial 5talemenls are prepared is consistent with the financial statements., and the Tiustees, Report has been p￿Pared in accordance with applicable legal requirements, ritatters on which we are roquirÈd to report by èxception In the light ol our knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified rnaterial mi5slalemenls in the Trustees, Report. We have nothing to report in respect of the following matters in repalion to which the Companies Act 2006 requires us to report to you if, in our opinion.. adequate accountin9 records have not been kept, or the flnan¢ial statements a￿ not in agreement with the accounting records and returns.. or certain diselosures of trustees, remunerats.on specified by law are not made,, or we have not recèived all the inf(Kmation and explanations we require for our audit.. or the trustees were not entitled to prepare the financial statement5 in accordance with the small companies regime and take advantage ol the small companies, exemptions in preparing the Trustees. Report and from the requirement to prepare a strateg￿ Report. Responsibilities of trustees As explained more fully in the trustees, responsibilities statement15el out on page 41, Ihe trustee5 (who are also the directors of the charitable company for the purposes of company lawl are responsible for the preparation of the financial 51alernenls and for being satisfied thal they give a true and fair view. and for such internal control as the trustees determine is necessary to enable the preparats.on of financial slalements that are free from material mlsstalemenl. whether due lo fraud or error. In preparing the financial statements. the trustees are responsible lor 8ssessing the charitable company's ability lo conlM)ue as a going concem, disclosing. as applicable, matters related to going concem and using the going concern basis Of accounting unless the trustees either intend to liquidate the ¢haritable company or to cease operations, or have no realistic allemalive tAJt to do so. Page 7 Independent Auditor's Report to the Trustee5 of The Churches of God in UK {A Company Limlted by Guarantée) (continued) Auditoffs responsibilities for the audit of the rtnancial statement$ Our objective5 are to obtain reasonable assuiance about whether the financial statements as a whole are free frorn material misstatement, whether due io fraud or error, and lo issue an auditorts report that indudes our opinion. Reasonable assurance is a high level ol assurance, but is not a guarantee that an audit conducted in accordance wth ISA5 IUKI wll always delect a material misslatement when it exists. Misstatements can arise from fraud or error and are collsidered material il. individually or in the aggregate. (hey could reasonably be eyected lo Influence the economic decisions ol users taken on the basis of these financial slalements. Irregularities, in¢luding fraud. are insfances of non-cornpliance wllh laws and regulattons. We design procedures in line with our responsibilities, outlined above, lo delect material misslatemenls in respect of irregularities, includins fraud. The specilic procedures for thrs engagement and the extent to which these a￿ capable ol delecling ir￿gUIaritie$, indudinq fraud is detailed below.. We reviewed the company's control and risk management prctedure5 and planned our work based on our assessment of those controls and procedures., This review included an assessment of the risk of rnaterial misstatement due to errors. fraud and management override of controls for all rnaterial areas in the financial 5talemenls', We madè enquiiies of tnanagement and the companls lawyers regarditvJ any actual or potential liligalion andlor claims,. Financial slaternents disclosures were reviewed and checked for compliance with applicable laws., Detailed testing was conducted on balances and transacbons including unusual items and those of individual significance to the financial slalements. Data analybcs were used in order lo identify unusu31 or significant t￿rndS., Comrnunications with management and those charged with governance regarding relevant matters was undertaken throughout the audit and on complelioll. Because of the Inherent limitatlOll5 of an audit. there is a risk that we will not detect all irregularities, including those lesdlng lo a material misstalemenl in the financial statements Dr non-compliance with iegulalion. Thls risk incfea3es the more that complian¢e with a law or regulation is removed from the events and transactions refl8ded in the financial statements. as we will be less likely lo become aware ol instances of non-compliance. rhe risk is als0 greater regarding irregulariiies occurring due to fraud rather than errtsr, as fraud involves intentional concealment. forgery, collusion. omission or misrepresenlalion. A further descripb.on of our responsibilities for the audit of the financial stalernenls is located on the Financial Reportin9 Coun¢il's website at ￿￿￿.{1¢.0￿g.Uk}aud1tol5reSPQn$lbIIlIes. This description forms part of our atKlilor's report. Page 8 Independent Auditor's Report to the Trustees of The Churches of God in UK IA Company Limited by Guaranteel Icontinugdl Use of our report This report is rnade solely lo the charitable cornpany's members, as a body, in accordance wth Chapter 3 01 Part 18 01 the Companies Act 2CKJ6. Our audst work has been undertaken so that we might slate lo the charitable comparTry's Members those matters we are required to slate to them in an auditor's report and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the ¢harllable company's members as a body, for tyjr audit work, lor this report, or lor the opinions we have formed. Davld W Farnsworth FCA (Senior Statutory Auditor} For and on behalf of Feltons, Statutory Auditor 8 Sovereign Court 8 Graham st￿et B￿minghaM B1 3JR Dale '. Page 9 The Churches of God in UK IA Company Llmited by Guarantee) Statement of financial activitie5 for the year ended 31 March 2025 Unrèsiircted Ré$triwn by the donor. Expenditur8 which meets these criteria is charged to the funds. Unreslricled funds are donations and other incoming resources receNed (Y generated lor the charitable purposes. Designated funds are unrestricted funds earmarked by the trusle¢s for particular purpose5. Page 13 The Churches of God in UK IA Company Limited by Guarantee) Notes to the flnancial statements for the year ended 31 March 2025 (Gontinuedl 1. Accountlng policies Icontinuedl fj Expenditure recognition All expenditure is accounted for on an &Gruals basis and has been classified under headings thal aggregate all costs related lo the category. Expenditure is recognised where there 15 a legal or constructive obligation to make payments to third parties, il is probable thal the $ettlement will be required and the amount of the obligation can be measured reliably.11 is categorised under th¥ following headings.. Costs of generating funds These are costs incurred in attracting voluntary income. and those incurred in trading activities that raise fund5. Charltable activities These are costs incurred in activities undertaken to further the purposes of the charity and their asso¢ialed support COSts. Governance costs These include the costs atlribulable lo the Irusl's compliance with constitutional and slatulory requiremellls. including strategic management and tru51ees' mealings and reimbursed expenses. Irre¢overable VAT is charged as an expense against the 8clivrty for which expenditure arose. gl Allocation of support ¢05ts Support costs are those that assist the work of the charity bul do not directly represènt ¢harilable a¢livities and rnclude office costs, governance cosis and administrative payroll costs, INhere support costs ¢annol be directly attributed to particulai headings they have been 8llo¢aled to cost ol raising fL¢nds and expenditure on charitable aclivilies. The bases on which support Costs have been allocated are sel out in note 2. h) Tangible fixed A$sets Assets are ¢apitalised where the cost of acquisition exceeds £300. Assets costing bèlow this threshold are charged lo expenditure in the Slalement of Financial Activities in Ihe year ol purchase, Tangible fixed assets are stsled al cost {or deemed costl or valua140n less accumulated depreciation and a¢¢umulalod impairment losses. Cost inclLKles costs directly atlribulable lo making Ihe asset capable ol operating as inlend8d. Depreciation is provided on all tangible lixed assets. al rates calculated lo write off the cost, less estimated residual value, of each assét on a systematic basis over ils expected useful lrfe as follow5.. Freehold prO￿rtIeS Ilandl Freehold properties IbLJildingl Computers and equipment Furniture and fi'ttings - not d¢preaaled slraighl line at 20h per annum straight line at 33Vo per annum slraighl line al 25¥0 per annum Page 14 The Churches of God in UK (A Company Limitèd by Guarantee) Notes to the financial statements for the year ended 31 March 2025 Icontlnuedl 1. Accounting policies Icontinuedl il Debtors Trade and othér debtors are recognised at the selllemenl amount due after any trade discount offered. Prepayments are valued at the amount prepaid nel of any trade diseounl due. jl Cash at bank and in hand Cash al bank and in hand includes cash 8nd short term highly liquid investments with a short malurily of three months or less from the date of acquisibon or opening of the dep0511 or similar accoLtnl. kl Credttors and provisions C￿dItOrS and provisions are recognised where the charity ha5 a present obligation resulting from a past event that wll probably result in the transfer of funds lo a third party and the amount due lo sellle the obli9alion can be measured or estimated reliably. Cieditors and provisions are nom)ally recognised at their sèlllement amount after allowing for any trade discoLJnls due. The charity only has financial assets and financial liabilities ol a kind that qualify as basic financial inslrumenls. Basic financial instruments are inilially recognised at transaction value and subsequently measured at their selllemenl value with the exception of bank loans which are subsequently measured al amortised ¢osl using the effective interest mèthod. 11 Oparating leasès Rentals payable under operating leases are charged to Ihe SOFA on 8 straight line basis over the period of the lease. ml Taxation Tha charity is an exempt charity within the meaning ol schedule 3 01 the Charities Act 2011 and is considered lo pass the tests sel out in Paragraph 1 Schedule 6 Financè Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Page 15 The Churches of God in UK {A Company Limited by Guarantee) Notes to the flnancial staternents for the year ended 31 March 2025 {continued} 2. Analysis of support and governan¢e costs Bas15 of allo¢atlon Genoral support Governance function Total 2025 Total 2024 IT cosls Insurance General office costs Gospel activity expenses Bank charges Audit and acwuntancy seNces Legal and other professional Usage Usaye U8age Usage Usage Governanee Governance 1.028 9.421 29,572 84.705 604 1.028 9,421 29,572 84.705 604 5,340 1.562 132,232 669 8,279 15.223 6,360 541 5.100 464 36.638 5,340 1,562 6.902 125,330 3. Net income/{expend1tu￿) for the year Net Incomellexpenditurèl (s stated after eharging.. Total 2025 Total 2024 D8pr8cialion Auditors remuneration 97,098 5.340 118.179 S,100 The auditors remuneration amounts to an audit fEe of £4,380 and other servi￿$ of £960. 4, Stsff salaries and numbers The Charity did not have any employees or consultant5 during the yeaF 12024 - nill. General adMini5tralion and running of thè Charity was delegated to two of the trustees who do this work on a voluntary basis. Page 16 The Churches of God in UK IA Company Limited by Guarantee) Notes lo thp linanclal statements for the year ended 31 March 2025 Icontinuedl 5. Trnst8es' remuneratlon and expense5 During the year, no trustees received any remuneration for their service 8s Trustees, or for any other sarviTrs provided lo the charily12024 no tw$leesl. During Ihe year. no trustees TeceSved r¢irnbursement5 for out ol pocket expenses incuried on the charity's behalf 12024- no trustees). Ouring the year ended 31 March 2025. no full-lime volunteer trustee 12024 one trusleel resided in accommodation provided by the Charity. In 2024, the trustee pald a total ¢oncessionary rent of £16. No Such 2rrangernent existed in 2025. The value ol the rent-free benefit received in 2025 was £nil {2024- £9.4521. During the year ended 31 March 2025, no volunteered hours were provi¢Jed by the above trustee or their c105e connections12024. 3.870 hours), wlh an estimated value of Ènil {2024- £56.6971. No other trustees received any benefits in kind in 202512024- no trustèes). 6. Other related party trans8etions Other than the trustees and their close ￿nnections. the￿ are no other reportable related parties or rektèd party transactions lo disclose for 202512024- none). 7. Tangible fixed a$5ets Freehold Prop8rties Computer & Fixtures & equlpment fittings Total C05t At 1 April 2024 Additions Disposals At 31 March 2025 4,823.435 717.743 1721.2341 4,813,944 38,324 9,076 14.5031 42.897 56,483 13.567 115.3471 54.703 4,918.242 740,386 1747,0841 4,911.544 Deprg¢iation Al 1 April 2024 Charge for the year Released by disposals Al 31 March 2025 321,629 70.592 1136.3871 255.834 23.850 13,118 4.3591 32,609 34.521 13.388 115.2611 32,648 380,000 97,098 1156,0071 321,091 Net book values At 31 March 2025 4,558.110 10,288 22,055 4,590.453 Al 31 March 2024 4.501,8Cfj 14.474 21,962 4.538,242 Durlng th¢ year. the charity disposed of kn freehold properties with a total net book value of £590,847. The total proceeds amounted to £1,189.712, resulting in a gain on disposal of £S98,865, which is reported within Other recognised g3insll105sos}" in the Statamènt ol Financial A¢ts'vitses. Page 17 The Churches of God in UK IA Company Limited by Guarantee) Note$ to the financial statements for the year ended 31 March 2025 Icontinuedl 8. Debtors Total 2025 Total 2D24 Debtors from operakn.ons Prepayments 9,000 16,123 25,123 12,63S 12.635 9. Credrtors - amounts falling due withln one year Totsl 202S Totsl 2024 Trade creditors other creditors and accrua15 14.829 5.340 20,169 1 S,679 5,100 20,779 10. Creditors- amounts falling due over one year Total 2025 Total 2024 Loan from s15ter church in Hong Kong 5,075,000 5.075,000 5,075,000 5.075,000 During the year, the reporting entity Consolidated 11 separate Joan balances previously held wth The Chureh of God in Hong Kong into a single loan agreement dated 01 May 2024. The new agreement supersedes the terms ol the previous individual loan arrangements. The consolidated 102n balance al 31 March 2025 is £5,075.00012024- combined loan value of £5,075,000). The purpose of the loan is to support the furtherance of the enlily's charit8ble objectives. The loan is unsecured. with no covenants attached. It Is repayable over 22 years, comprising an initial intere5t-free period of 4 years. followed by 18 years of annual repayments indusive of simple interest 310.5% per annum cornmencing from 01 May 2028. Page 18 The Churches of God in UK IA Company Limited by Guarantee) Notes to the tinancial statements for the year ended 31 March 2025 Icontinuedl 11. Ststement of funds Balance at 1 April 2024 other Resources galns, losses exponded and transfers Balance at 31 March 2025 Incoming resources Restricted funds Light and Love Fund Care for Ukrainiall Refugees Fund Global Charity Fund 31,633 176 131.6331 11761 31,809 46.022 46.022 113.2311 113,2311 64.600 64,600 31,809 Summary offunds Unrestricted fund Restrlcted charity fund Total funds 209,369 31,8D9 241,178 369,246 46.022 415,268 {469.3431 113,2311 1482,5741 598.634 707,906 64,600 772,506 598,634 Restrieted Charity Fund Money given to the charity where the donor requires that a grant or donalion be spent for a 5pecifi¢ project. Light and Love Fund The Light and Love funds represent donations recelved for Light and Love Home Worldwide Charity Serv￿2$. Care for Ukrarnian Refugee5 fund The Care for Ukr8inian Refugee5 fund represents dgnalions received, restricted to and for the benefit ol Ukrainian refugees. The fund is used lo cover accommodation, food and other necessities for Ukrainian refugees. Global Charity Fund During the year, the Light and Love Fund 3nd the Care for Ukrainian Refugees Fund were combined into the Global Charity Fund. This fund will be used for global charitable setvi¢e5, such as orphan sptsn$or3hip and disasle relief. At the year end, the fund balance was represented by the cash hold in Separate bank accounts deslgnaled for these resiricted funds, Unrestricted General Fund The free ie5eNes of the charity which are not d88ignaied for particular purposes. Sla¢ement oifunds- 2024 Balance at 7 Aprll 2023 Incoming res<)urce5 Resources expended Balance at Transfers 31 March 2024 Restri¢tedfunds Lighl andLove Fund ca￿ for Ukraini8n Refvgees Fund 32,474 (5,045J 27,429 15,438 5,284 2Q, 722 (16,279) 63 (16,342) 31,633 176 31,809 Summary olfunds UoreslriGtedfund Resfricted ch8rity fund Tol81 fvnds 341,404 27,429 365,833 268, 170 20,722 288,892 (400,205) Y6,342J (416,547) 209.369 31,809 241. 178 Page 19 The chU￿he5 of Gvd in UK IA Company Llmited by Guarantee} Notes to the flnancial ststements for the year ended 31 March 2025 Iconlinuedl 12. Analysis of net assot5 between fLrnds Fund balances 81 31 March 2025 are represented by.. UnrestrlGted Restrlcttd funds funds Total fund$ Tangible fixed assets Net current assets Creditors due in more than one year 4.590,453 1.192.453 15.075.000) 707.906 4,590,453 1,257.053 5,075,000) 772.506 64.600 64,600 Fund balancès al 31 March 2024 are represented by.. Unrestrlcted Restrlcted fisnds funds Total funds Tangible fixed assets Nel Gur￿nt assets c￿dI10rS due in rn0￿ than one year 4.538,242 746.127 15,075.0001 209,369 4.538.242 777,936 15,075,ODOI 241,178 31.809 31,809 13. Capital commitments There w8r8 no capitsl commitments al 31 March 202512024- £nlll. 14. Othpr information The Churches of God in UK is a charitable company limited by guaranlee and without share capital. registered in England with registration number 2350280. Ils registered office address is 18 Croydon Road. Beddinglon, Croydon. CRO 4PA. Tho accounts are presented In GBP and rounded to £1. Page 20