CHARTfY NUMBER 700676 NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH FINANCIAL STATEMErirs 05 Aprll 2023
NEWCAsfLE UPON TYNE CHINESE CHRISTIAN CHURCH Contents year ended 05 Aprll 2023 Pages Legal & Admlnistradve Detalls Trustees Annual Report 2to4 Independent Examiners Report Unaudlted Statement of Finatal Activltles Unaudited Balan sheet Notes to the Financial Statements 8t09
Christine Chan (Christina Ting Ying Chan) - Chair Michael Fong (Wai Keung Fong) - Secretary So Mui Leung - Treasurer Lam Yeung Ho Anita Chung (Mei Ping Anita Chung) Simon Ho (Ng Yau Ho) Rui Ling Xie
Christine Chan (Christina Ting Ying Chan) Michael Fong (Wai Keung Fong) So Mui Leung Anita Chung (Mei Ping Anita Chung) Simon Ho (Ng Yau Ho) Rui Ling Xie
NEWCAsfLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 Aprfl 2023 Reserve Policy General purpose fund - the poliry of the charity is to keep a minlmum fund levd equlvalent to 6 months overhead costs for any unexpected ents. The board has al agreed to transfer part of the fund to the New Church Fadlitles Fund rf the target amount cannot be achieved by the time of buildlng completion. the exart amount is to be deoded by the tx)ard. Publlc Benefrt statement The trustees have had regard to the Charities Commisslcffi's guidance on thelr legal duty on public benefft, and are satisfied that the char5ty delivers puNlc benefit, and due regard is paid to the guidance on public benefft when deciding on what new projects the tharity should undertake Plans for future perlods We will cary on provldlr¥J training and development prcrfjrams such as Christlanity explored groups or meetings to encourage members and the rxt generatK)n to further their studies in the Bible and related subjects. In addltlon we plan on contlnulr•J to serve the next generations by holding summer Bible classes durlng the summer terni. We a IwkirHJ fon¥ard to promding various services and support for the Chrfstlanlty frdith to grow and streTrJthen in the futu. Although we have an ongoing di5PUte with FINlley Roofirvj wth regards to building and roof work, the legal fees incurred by addttional costs have snce teen covered by the insurance pollcy. However the left over work has been completed by anther rcofing company which has incurred additional costs. Thankfully the lawsult has progressed arKI $cn we will come to a settlemgrt with findley under legal advlce seeking compensation. Last but Th)t least, we 11 continue to hold meetings to discuss with the trustees of the thurch ways forward in maintsln church life. Most Importantly as a thurch we will constandy rely on Gl'S grace and guidance as our aim remains drawing people to the service and ministry of the Lord God, which enhan and benefit the c¢)mmunlty sharirvj the same faith on every possible occaslon accorinf to 8iblical ewS and teachirKJs.
NEWCAsfLE UPON TYNE CHINESE CHiusfiAN CHURCH TRUSTEES ANNUAL REPORT (contlnued) year ended 5 Aprll 2023 Trusteu, Responsibilitles The Charities Att 2011 rUIreS the trustees to keep proper bc¥Jks of account with restEtt of the affairs of the charity, and to prepare ststements of acccunt for each acc(KJnting year consisting of ststement of Financial Adimties and a Balan SheeL The trustees are also responsible for safeguarding the charivs assets, and hence for taking reasonable steps for the preventlon and detecknon of error, fraud and other irreguLAri In preparing the accounts the trustees Committee are exFeCted to: Selett suitable accounting wllcies and apply them consistendy; Make judgments and estimates that are reaSonae and prudert; Follow the recommendations of the Charity Commission and of the accounting profession wlth regard to form and content of the accounts or to disdose and explain any departures therefrom. and Prepare tlie accounts on the goirwJ conrn basis unless it is inappropriate to assume that the charty wlll be able tr) continue to meet its objectives. Considered the charity commisgon's guidan on public benefft. Approved by the Management Committee on by: 2023 and signed on Its behalf Christine Chan Chair
INDEPENDEKf EXAMINER'S REPORT TO THE MEMBERS OF NEWCAsfLE UPON TYNE CHINESE CHRIMAN CHURCH year ended 5 Aprfl 2023 I report on the accounts of the drity for the year ended 5 Awil 2023 Respective responslbllltles of trnstees and examiner The trustees are responstble for the preparation of the accounts. The trust&s cSder that an audlt is not required for thi5 year under section 144(2) of the Charltles Act 2011 (the 2011 Act) and that an independent examination is needed. Having satlsfied myself that the company is not subject to audit under company law and Is el6glble for independent examination, it is my responslbility to: examine the accounts under secti¢)n 145 of the 2011 Act; to follow the procedures laid down In the general Dir(5 given by the Charfty Commission under section 145(5)(b) of the 2011 Act; and to sL*e whether particular matters have come to my attention. Basls of Independent examlner's report My examination was carried out in accordan wlth the general tirections given by the Charity Commission. An examination indudes a remew of the accounting ordS kept by the company and a comparison rf the accounts presented with thc6e reords. It al indudes consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as trustees concerning any gjch matters. The procedures undertaken do not provide all the evidence that would be require(5 In an audit and consequenuy no opinion Is given as to whether the accounts present a 'true and fair view, and the reFQrt is limited to those matters set (rt in Its ststement below. Independent examiner's ststement In connecknon with my examination, matter has come to my attention: (l) which gives rne reasonable cause to believe that in any material respect the requirements: • to keep accounting records In accordance with section 386 of the Companies Act 2(K)6; and . to prepare accounts which accord with the acci)unting records, comFdy with the accounting requirements of section 396 of the Companies Act 2006 and with methcKJs and principles of the Ststement of Recommended Pra(lice: AccountiThJ Rerting by CharÈt6es have not been met; or 7(2) to which, in my opinion, attention should be dravln in order to enable a proper understsnding of theac unts to be reached. Paul Newbold BA KA Independent examlner 7 Grange Road West Jarrow NE32 3JA Date....
NEWCAsfLE UPON TYNE CHINESE CHRisfiAN CHURCH UNAUDrrED sfATEMENT OF FINANCIAL AcrivrrIES year ended 5 April 2023 2023 Gwol FWNJ PjtYj Po(f FLWMI 2022 Tcrtal Incofftry Resourc88 Suw offwings & IhanksgiliTrJ &ftd Clwrch Facihties Parknro Pwnits Cthrwnt I0 rxlry Dcrations In%eslm&rt Ir0 20,075 19,678 46.127 23.935 26,275 12 180, R¢¥¢wrces exnded Pastr)r eyrAnses etc Church MiFMSter & Assislrt Sries Speakers PrintirKJ, Postage & Slalicywy AccOuncY Refreshm&ts & CaterirvJ ParkiTrJ Pwnits 1289 3.023 87.654 7X) 675 795 1¥2 1701 4.187 375 Ethlri¢ty, Gas & Wakr Inwrance CeeS lfjt¢hen & TC4 VoinIenae & BuikSng Ipro8 Cnn9 Depreciatic CCPAS Disck)sure SuThJry Ewses Donati)ns Bank Charges 2.701 4.187 375 4,715 357 418 418 4,*2 15.9]5 129 1752 129 12.17 1 S,• 129 150 15) 129, Trsfer SurpWIt)efictt) 44,291 g).913
NEWCAsfLE UPON TYNE CHINESE CHRISTIAN CHURCH UNAUDITED BALANCE SHEEr 2023 2022 Not• Flxed Isgèts TarKJiblè 513.084 524.846 Currnnt As8•ts 12.624 122.325 11.718 67.303 Cash at Bank Current Llabllltles 32,950 33.075 Currerrt A£setsl{Liatylties} 1W2.0 45,948 Represented by General Purpose Fu1 Restricted FU15 - Po*Jf FurvJ Rfjstricted Funds - BLikJing Fund 97,893 2.607 514.584 50.716 2,601 615.ce4 570.794 570,794 Chairwoman ui Leuk75 Treasurer Date /1 Zo23
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 Aprll 2023 Accountlng Pollcles a Basls of accountlng The financial statements have been pwared fft COrdan with AccryJntiThJ aTrJ ReFll9 by Chae$. Statement of Recommended Prncbce apKable to charities weparing their accounts in accordance the Financkil Reportin9 5tsndard Financial Rer(rting Stsndard in the UK and Republ of Ireland (FRS 102) (effecbve l January 2015} - (a)3Te5 SORP IFRS 102)). the Financial Reporting Standard aFWicabk In the UK and RqNJblK of Ireland (FRS 102) and the Companles Act 2(KJ6. b Fund accountlng UnrestrKted funds are availalle fry w at the rfLSuetw of the trust In furtherntKe of the general objectNes of the charity. tsignated funds are Unrestric fuTrts earmarked by the trustee5 particular purF<)ses. Restrrted funtls a subjected to reStron5 cffi thar e>penditure imFosed by the ¢knor or tOUgh the tems of an apral. ¢ Incoming r¢sources All incoming resources are induded in the statement of financial actiwties when the charfty Is entitied to the income arKI the amount can be quantified with reasonable accuracy. Rewurces expended Expenditure is recognised on an accruab basis as a liability is incurred. Expenditure Includes VAT which cant be fulty recovered, and is Pted as part of the expenditure to which it relates e Fixed assets l fixed assets are initialty recorded at C05t. Cepreciation:_ Depreciation is calculated so as to wiite ¢)ff the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows: ilding Conversion xtures & Frttings Equipment 2% Straight Line 20% Written tknin Value 20% Wrrtten Down Value
NEWCAsfLE UPON TYNE CHINESE CHRISllAN CHURCH NOTES TO THE UNAUDITED FINANCIAL sfATEMErirs year ended 5 Aprll 2023 2. Tanglble Flxed Assets Buihling Fi>knres Conrs1 EquipnEnl & Fittings Cost or 401uati(. Cpening Additions Disposals 627.057 3.288 34.250 3.W2 664,989 3,597 Cbsing 6S).345 34,559 3.682 668, Dweciatn. CnIng Promsion for the year Disposals 115,e64 12.607 20.929 2.726 140,143 15,360 Ck)sing 128.271 23.655 3.576 t t£)k Wal. 2023 S)2.074 10.904 105 513.082 2022 511 393 13.321 132 524,846 Debtors 2023 12,624 2022 11,718 Tax relief on Gift Aid Income Credltors: amounts falling due within one year 2023 2022 Other Crditors Accruals 32,200 750 32,400 675
NEWCAsfLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMErirs year ended 5 Aprfl 2023 Movement in funds At6th April Incoming 2022 resources Transfers Resources between expended funds At 5th April 2023 General purpose furnl Poor Fund Building Fund Totsl 50,716 2,1 140,167 2,346 714 92,989 2,340 12 97,893 2,607 14 Purpose of Each Fund General Purpose Fund The General PurFose Fund is held in line with the committee's lIcY of keepiThJ a minimum fund level equivalent to 6 months overhead costs in hand. The Poor Fund has been established by the committee to provide support for those liwng in poverty In the North East and will be expended accordiNJly in due course. Amounts held in the building fund represent the book value of the churth's buikling ak)ng with a reserve to allow any future building improvements to be carrEd OUL 6 Analys1$ of Net Ass&s Between Funds Tangible Net current fixed assets Assets Total Building Fund General Purwjse Fund Poor Fund 502,074 I1,9 12,509 86,885 2,607 102,001 102,001 514,584 97,893 2,607 615,084 615,084 513,082 Total Funds 513,082