CHARITY NUMBER 700676 NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH FINANCIAL STATEMENTS 05 Aprll 2024 NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH Contents year ended 05 April 2024 Pages Legal & Administrative Details Trustees Annual Report 2to4 Independent Examiners Report Unaudited Statement of Financial Activities Unaudited Balan￿ sheet Notes to the Financial Statements 8t09 NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH LEGAL AND ADMINISTRATIVE DETAILS Registered Charity Name NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH Charity Number 700676 Principal Office 6 Emblehope Drive Gosforth Newcastle Upon Tyne NE3 4RW Trustees Christina Ting Ying Chan - Chair Wal Keung Fong - Secretary So Mui Leung - Treasurer Lam Yeung Ho Mel Ping Anits Chung Ng Yau Ho Rul Llng Xle Bankers Barclays Bank Lelcester LE87 2BB Accountants Torgersen's Llmlted 7 Grange Road West Jarrow Tyne and Wear NE32 3JA NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 April 2024 The trustees present their report and the unaudited financial statements of the charity for the year ended 05 April 2024. The trustees The trustees who served the company during the perlod were as follows: Christlna Ting Ying Chan Wai Keung Fong So Mui Leung Lam Yeung Ho Mel Ping Anita Chung Ng Yau Ho Rul Llng Xie structurei governance and management The Newcastle Upon Tyne Chlnese Chrlstian Church Is constituted by a Deed of Trust. Objectlves and actlvltles The objett of the charity is to advance the Chrlstian religion prlmarily but not exclusively amongst persons of the Chinese race In Newcastle Upon Tyne and surrounding areas. In furtheran￿ of these aims, but not further or otherwise, the Church shall have the following powers:. to preach the Blblical gospel of the Lord Jesus Christ prlmarlly but not excluslvely amongst persons of the Chinese race In Newcastle Upon Tyne and the surrounding areas. to develop In the Church a programme of church Ilfe, Including facilities for worship, fellowship, training and service in both Chinese and English languages which will meet the spiritual need of local Chinese Christians and provide for Chinese Christians from overseas (of whatever denomination) the opportunities for worshlp, fellowship, and pastoral care In a Chlnese context whlch they require while in the area to cooperate appropriately wlth Chinese churches and societies who share our aims and evangelical faith Achlevements and performance The up-to-date church registered members remaln at 78. However the attends of the week in week out Sunday worships show sign of increasing due to the returns of some old members along with more local l overseas newcomers. This year, we thank God that we have managed to continuously hold weekly morning-prayer meetings In the church for the congregation to build upon and supplement their faith daily. More varieties of gatherings, such as: Anniversary celebration meal, the Christmas celebration gathering and meal, Sunday Refreshments, have been resumed etc. More of our younger members are stepping up and getting involved to serve the congregation throughout different services and events. Also thank to God that we have been incredibly blessed financiallyi through the outpouring of love from various church friends and families, we have increases in the donation amount and the number of member who participate in the gift aid offerings in the support and maintenance works as they recogni* as one of the needs within the church and the kingdom of God. NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRusfEES ANNUAL REPORT fcontsnued) year ended 5 Aprll 2024 In addltlon, few update of events: Firstly, the ongoing lawsuit dispute with Findley's had finally come to an end, where the church has already stsrted receivlng compensation. Secondly, church has eventually managed to open 2 bank accounts with Lloyd's and HSBC to protect church's fund, and the reserve fund policy we could maintsin over one month's overhead. Thankfully there are no serious incidents tr) report to the Commisslon. All Trustees administer the Charity on an entirely voluntary basis, thus no benefit of any klnd is rendered to any of them whatsoever. Reserve Policy General purpose fund the poliq of the charlty is to keep a minlmum fund level equlvalent to 6 months overhead costs for any unexpected events. The board has also agreed to transfer part of the fund to the New Church Facilities Fund if the target amount cannot be achleved by the time of buildlng completion. the exatt amount Is to be declded by the board. Publlc Beneflt ststement The trustees have had regard to the Charltles Commlsslon's guidance on thelr legal duty on public benefit, and are satlsfied that the charity dellvers public beneflt, and due regard Is pald to the guidance on publlc benefit when deciding on what new projects the charlty should undertake Plans for future perlods We wlll carry on provldlng tralnlng and development programs focuslng on bullding up younger generation regard of thelr Sunday Service and biblical tralnlng. Thank the Lord more newly graduates wlthin the church manage to stay locally while carry on thelr professlon pursuits. Therefore, a probable increase financlally In the number of members particlpatlng In the Glft Ald scheme Is expected. For that reason the church wlll be looklng to set up another bank account for protecting the church fund. Although the Findley's lawsuit came to an end but the building stlll need to be Innovated and refurbished In a long run that the church will require to look into some exterlor rna1ntenan￿ In foreseeable future. Due to the Increase In demand of servlces, especially recent Chrlstmas celebration seNlce and meal had accommodated 140 plus guests, therefore we are looking to arranging and resumlng more gatherlngs wlth meals, and hen￿ we wlll also be Inviting experienced speakers from the local area to preach and provlde series of trainings and development programs, bibllcal teachlngs, and prayer meetlngs. In addition, the church Is planning on the contlnuation of building up the forthcomlng generations by running summer blble classes or camps possibly during the summer term. We are looking forward to providing various services and supports for the Christianity falth to grow and be enhanced in the future. Thls will undoubtedly Incur much more speaker honorariums and other seNices rendered costs for the necessary mlnlstries; however, we believe our Lord God will provlde for us. Under the pastoral care of God, the trustees of the church are guided in many ways to engage in advancing and maintaining church life for the members and friends. Most Importantly, as a church we will constsntly rely on God's gra￿ and provision as our aim remains drawing people to the SeN1￿ and ministry of the Kingdom of God, which enhantr and benefit the community sharing the same faith on every possible occasion according to the Biblical views and Christianity Doctrinal teachings. NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 April 2024 Trustees. Responsibilities The Charltles Act 2011 requlres the trustees to keep proper books of account wlth respect of the affairs of the charity, and to prepare statements of account for each accounting year consisting of a ststement of Financial Activities and a Balan￿ Sheet. The trustees are also responsible for safeguardlng the charlty's assets, and hence for tsklng reasonable steps for the prevention and detectlon of error, fraud and other irregularities. In preparing the accounts the trustees Committee are expetted to: Selett sultable accountlng pollcles and apply them conslstently. Make judgments and estimates that are reasonable and prudent. Follow the recommendatlons of the Charity Commlsslon and of the accounting profession with regard to form and content of the accounts or to disclose and explaln any departures therefrom; and Prepare the accounts on the golng concern basls unless It Is Inapproprlate to assume that the charity will be able to continue to meet its objectives. Consldered the charlty commlsslon's guidance on publlc benefit. Approved by the Management Committee on A< J&iv& by: 2024 and slgned on Its behalf Tha- Oi-- Chrlstlna Tlng Ylng Chan Chalr INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH year ended 5 April 2024 I report on the accounts of the charity for the year ended 5 Aprll 2024 Respective responslbllltles of trustees and examlner The trustees are responsible for the preparatlon of the accounts. The trustees consider that an audit Is not required for this year under section 144(2) of the Charities Att 2011 (the 2011 Act) and that an Independent exarninatlon is needed. Having satisfied myself that the company is not subject to audit under company law and is eligible for Independent examination, it Is my responslbility to.. examine the accounts under settlon 145 of the 2011 Act; to follow the Pro￿dureS lald down In the general Dlrectlons given by the Charity Commlsslon under sectlon 145(5)(b) of the 2011 Act; and to stste whether partlcular matters have come to my attentlon. Basls of Independent examlner's report My examination was carried out In accordance wlth the general Dlrectlons given by the Charlty Commisslon. An examinatlon includes a review of the accounting records kept by the company and comparison of the accounts presented with those records. It also includes consideration of any unusual Items or dlsclosures In the accounts, and seeking explanations from you as trustees concernlng any such matters, The procedures undertaken do not provlde all the evldence that would be requlred In an audit and consequently no oplnlon Is glven as to whether the accounts present 'true and falr vlew, and the report is Ilmlted to those matters set out in the statement below. Independent examiner's statement In connettion wlth my examlnatlon, no matter has come to my attentlon; (l) whlch glves me reasonable cause to belleve that In any materlal respect the requlrements: to keep accountlng records In accordance with sectlon 386 of the Companles Act 2006. and to prepare accounts which accord with the accounting records, comply wlth the accounting requlrements of section 396 of the Companles Act 2006 and with the methods and principles of the Ststement of Recommended Practi￿. Accounting and Reporting by Charities have not been met. or 7(2) to whlch, In my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Paul Newbold BA FCA Independent examiner 7 Grange Road West Jarrow NE32 3JA Date.... NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES year ended 5 Aprll 2024 2024 General Fund Building Fund 2023 Total Poor FurKI Total Incomlng Re80urce8 SuNJay offerings & Ihanksgimng C*ft Aid Church Facllitles Pathng Pernils CO￿nant Incory Sundry Dcfiations Investrnenl Incor ijher Income 374 83,262 374 83,262 13,620 11,81XI 63,122 13,620 805 40.4 26,275 30,782 748 12 30,782 7,171 6,423 53 324 54,200 54,2CQ 116023 190642 R080urce8 Expended Pastor ey4enses etc Church Minister & Assistant Salaries Speakers e>Fenses Printing, Postage & Stationary Accountancy Refreshments & Catering Parking Perffits Books elc Electricity, Gas & Water Insurance Licences lQlchen & Toilet Ewenses Maintenance & Buibjing IrrprO￿Ments c￿anIng Depreciation CCPAS Discbsure Sundry Eynses Training Prograrr Roof Renwdtions Donations Bank Charges 3,256 SS,727 9,￿0 118 792 152 820 142 3,793 3,2 ,727 2,289 118 792 152 820 142 3,793 258 7KJ 81x1 192 2,701 4,187 375 453 418 8,89) 15,360 129 205 205 205 401 568 2,￿1 8,650 2,202 145 401 2,￿1 12,607 14,810 145 2,800 14,614 2.81)) 14,614 3,8SJ 182 3,850 172 10 150 129 161 Transfer tr￿￿￿en funds Surplusl(Deficill 43,881 NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH UNAUDITED BALANCE SHEEr 2024 2023 Note Fixed Asset8 Tangible 497,274 513,084 Current A888ts Debtors Cash at Bank 24,660 155,421 12,624 122,325 180083 Current Llabllftle8 792 32,950 Net Currenl Assetsl(Liabilities} 179,290 102000 Net Assets Rèpre8ented by General PurFose Fund Restricted Funds - Poor Fund Restricted Funds - Building Fund 101,222 5,233 570 109 97,893 2,607 676,564 615,084 Chalrwoman )?Ui Leup g Treasurer £oz Date NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 Aprll 2024 Accountlng Policies a Basis of accounting The financial ststements have been prepared in accordance with Accounting and Reporting by Charities: ststement of Recornmended Practice applicable to charities preparing their accounts in accordance with the Financial Repo￿ng Stsndard Flnancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable In the UK and Republic of Ireland (FRS 102) and the Companles Act 2006. b Fund accountlng Unrestricted funds are available for use at the dlscretion of the trustees In furtheran￿ of the general objectlves of the charlty. Deslgnated funds are unrestrlcted funds earmarked by the trustees for partlcular purposes. Restricted funds are subjected to restrictions on thelr expenditure Imposed by the donor or through the terms of an appeal. c Incomlng resources All Incomlng resources are Included In the statement of financlal actlvltles when the charlty is entitled to the Income and the amount can be quantlfied with reasonable accuracy. Resources expended Expendlture Is recognlsed on an accruals basls as a Ilablllty Is Incurred. Expendlture Includes VAT which cannot be fully recovered, and Is reported as part of the expenditure to which It relates e Flxed assets All fixed assets are Inltlally recorded at C05t. Depreclatlon:_ Depreciation is calculated so as to write off the cost of an asset, less its estlmated residual value, over the useful economic Ilfe of that asset as follows: Building Conversion Fixtures & Flttlngs Equlpment 2010 Straight Llne 20010 Written Down Value 200/0 Written Down Value NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 Aprll 2024 2. Tangible Flxed Assets Building Fiylures con￿Ers1on Equipment & Fittings Total Cost or valuation: Opening Additions Disposals 630,345 34,559 3,682 668, 586 (1,000) (1,000) Ck)sing 667, 586 Depreciation.. Opening Promsion for the year Disposals 128,271 12,607 23,655 2,181 3,576 21 155,502 14,810 Closing 170 312 Net book fdlues.. 2024 488 467 497 274 2023 502 074 106 Debtors 2024 16,660 8,000 2023 12,624 Tax relief on Gift Aid Income Other debtors Credltors: amounts falllng due withln one year 2024 2023 other Creditors Accruals 32,200 750 792 NEWCASTLE UPON TYNE CHINESE CHIUSTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL sfATEMENTS year ended 5 April 2024 Movement in funds At 6th Aprll 2023 Transfers between funds At 5th April 2024 Incoming resources Resources expended General purpose fund Poor Fund Building Fund Total 97,893 2,607 514 584 116,023 6,476 144 112,694 3,850 101,222 5,233 12 Purpose of Each Fund General Purpose Fund The General Purpose Fund is held In Ilne with the committee's poliq of keeplng a mlnlmum fund level equivalent to 6 months overhead costs in hand. The Poor Fund has been estsblished by the commlttee to provlde support for those Ilvlng in poverty In the North East and wlll be expended accordlngly In due course. Amounts held In the bulldlng fund represent the book value of the church's bulldlng along wlth a reserve to allow any future bullding Improvements to be carried out. 6 Analysls of Net Assets Between Funds Tangible Net current flxed assets Assets Total Bulldlng Fund General PLJrpose Fund Poor Fund 488,467 8,807 81,641 92,415 5,233 570,109 101,222 5,233 676,564 676,564 497,274 179,290 179,290 Total Funds 497,274