CHARITY NUMBER 700676
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH
FINANCIAL STATEMENTS
05 April 2025
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH Contents year ended 05 April 2025
| Pages | |
|---|---|
| Legal &Administrative Details | 1 |
| Trustees Annual Report | 2to 4 |
| Independent Examiners Report | 5 |
| Unaudited Statement of Financial Activities | 6 |
| Unaudited Balance sheet | 7 |
| NotestotheFinancialStatements | 8to9 |
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH LEGAL AND ADMINISTRATIVE DETAILS
Registered Charity Name NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH
Charity Number 700676
Principal Office Forth House Bewick Street Newcastle Upon Tyne NE1 5EF Trustees Christina Ting Ying Chan - Chair Wai Keung Fong - Secretary So Mui Leung - Treasurer Lam Yeung Ho Mei Ping Anita Chung Ng Yau Ho Rui Ling Xie Bankers Barclays Bank Leicester LE87 2BB Accountants Torgersen’s Limited 7 Grange Road West Jarrow Tyne and Wear NE32 3JA
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NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 April 2025
The trustees present their report and the unaudited financial statements of the charity for the year ended 05 April 2025.
The trustees
The trustees who served the company during the period were as follows:
Christina Ting Ying Chan
Wai Keung Fong So Mui Leung Lam Yeung Ho Mei Ping Anita Chung Ng Yau Ho Rui Ling Xie
Structure, governance and management
The Newcastle Upon Tyne Chinese Christian Church is constituted by a Deed of Trust.
Objectives and activities
The object of the charity is to advance the Christian religion primarily but not exclusively amongst persons of the Chinese race in Newcastle Upon Tyne and surrounding areas. In furtherance of these aims, but not further or otherwise, the Church shall have the following powers:-
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e to preach the Biblical gospel of the Lord Jesus Christ primarily but not exclusively amongst persons of the Chinese race in Newcastle Upon Tyne and the surrounding areas.
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e to develop in the Church a programme of church life, 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 worship, fellowship, and pastoral care in a Chinese context which they require while in the area
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e to cooperate appropriately with Chinese churches and societies who share our aims and evangelical faith
Achievements and performance
The up-to-date church registered members remain at 79. The congregation's attendance at the weekly Sunday worship also remains consistent. This year, we thank God that our weekly morning prayer meetings continuously build upon the congregation and supplement their faith daily.
More of our younger members are actively involved in serving the congregation throughout different services and events. Financially, thanks to God that we have been incredibly blessed through the outpouring of love and support from various church friends and families, there are a 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 recognise as one of the needs within the church and the kingdom of God.
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NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 April 2025
Reserve Policy
General purpose fund — the policy of the charity is to keep a minimum fund level equivalent 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 achieved by the time of building completion; the exact amount is to be decided by the board.
Public Benefit Statement
The trustees have had regard to the Charities Commission's guidance on their legal duty on public benefit, and are satisfied that the charity delivers public benefit, and due regard is paid to the guidance on public benefit when deciding on what new projects the charity should undertake
Plans for future periods
We will continue to provide training and development programs focusing on building up the younger generation to step up becoming leaders. Thank the Lord, the church continues to have more newly graduated members who manage to stay locally while carrying on their professional pursuits. This leads to a probable increase in the number of members participating in the Gift Aid scheme.
The building itself needed to be innovated and refurbished, especially the exterior maintenance in the foreseeable future, which will continue to operate under several phases throughout the upcoming years, because of the finances and maintenance/ refurbishment costs. Due to the increase in demand for services, we are looking to arrange and resume more fellowship and meal gatherings, and hence we will also be inviting experienced speakers from the local area to preach and provide a series of training and development programs, biblical teachings, and prayer meetings.
In addition, the church is planning on the continuation of building up the congregation and forthcoming generations by running Christianity explore sessions, baptism classes, and to resume more bible study classes. We are looking forward to increasing the provision of various services and support for the Christianity faith to grow and be enhanced in the future. This will undoubtedly incur more speaker honorariums and other services rendered costs for the necessary ministries; however, we believe our Lord God will provide 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 constantly rely on God’s grace and provision as our aim remains drawing people to the service and ministry of the Kingdom of God, which enhances and benefits the community sharing the same faith on every possible occasion according to the Biblical views and Christianity Doctrinal teachings.
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NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH TRUSTEES ANNUAL REPORT (continued) year ended 5 April 2025
Trustees’ Responsibilities
The Charities Act 2011 requires the trustees to keep proper books of account with respect of the affairs of the charity, and to prepare statements of account for each accounting year consisting of a Statement of Financial Activities and a Balance Sheet. The trustees are also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the accounts the trustees Committee are expected to:
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e Select suitable accounting policies and apply them consistently; e Make judgments and estimates that are reasonable and prudent;
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e Follow the recommendations of the Charity Commission and of the accounting profession with regard to form and content of the accounts or to disclose and explain any departures therefrom; and
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e Prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
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e Considered the charity commission’s guidance on public benefit.
Approved by the Management Committee; on 3rdeunre , 2025 and signed on its behalf by:
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NUMA LA46-~
Christine Chan
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Chair
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, INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH year ended 5 April 2025
I report on the accounts of the charity for the year ended 5 April 2025
Respective responsibilities of trustees and examiner
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination 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 responsibility to:
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e examine the accounts under section 145 of the 2011 Act;
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e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
e to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently 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.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with section 386 of the Companies Act 2006; and
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e to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
7(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
10 Kosbo) ——> Paul Newbold BA FCA Independent examiner 7 Grange Road West Jarrow NE32 3JA
pate CELLS eens
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NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH UNAUDITED STATEMENT OF FINANCIAL ACTIVITIES year ended 5 April 2025
| 2025 | 2024 | ||||
|---|---|---|---|---|---|
| General Fund — | Building Fund | Poor Fund | Total | Total | |
| Incoming Resources | |||||
| Sunday offerings & thanksgiving | 6,428 | 6,428 | 374 | ||
| GiftAid | 93,090 | 93,090 | 83,262 | ||
| Church Facilities | 12,453 | 12,453 | 13,620 | ||
| Parking Permits | 770 | 770 | 845 | ||
| Covenant Income | 73,257 | 73,257 | 30,782 | ||
| Sundry Donations | 9,027 | 7,183 | 16,209 | 7,171 | |
| InvestmentIncome | 1,608 | 607 | 106 | 2,321 | 388 |
| Other Income | - | - | 54,200 | ||
| 184,179 | 13,060 | 7,288 | 204,528 | 190,642 | |
| Resources Expended | |||||
| Pastor expenses etc | 3,850 | 3,850 | 3,256 | ||
| Church Minister & Assistant Salaries | 58,516 | 58,516 | 56,727 | ||
| Speakers expenses | 13,890 | 13,890 | 9,960 | ||
| Printing, Postage & Stationary | 76 | 76 | 118 | ||
| Accountancy | 828 | 828 | 792 | ||
| Refreshments & Catering | 312 | 312 | 152 | ||
| Parking Permits | 770 | 770 | 820 | ||
| Books etc | 166 | 166 | 142 | ||
| Electricity, Gas& Water | 4,784 | 4,784 | 3,793 | ||
| Insurance | 5,181 | 5,181 | 4,444 | ||
| Licences | 418 | 418 | 401 | ||
| Kitchen & ToiletExpenses | 636 | 636 | 568 | ||
| Maintenance & Building Improvements | 578 | 1,425 | 2,003 | 2,901 | |
| Cleaning | 9,823 | 9,823 | 8,650 | ||
| Depreciation | 1,762 | 12,587 | 14,350 | 14,810 | |
| CCPAS Disclosure | 150 | 150 | 145 | ||
| Sundry Expenses | 76 | 76 | 36 | ||
| Training Programs | 4,100 | 4,100 | 2,800 | ||
| Roof Renovations | - | - | 14,614 | ||
| Donations | - | 4,500 | 4,500 | 3,850 | |
| Bank Charges | . 145 | 65 | 210 | 182 | |
| 106,061 | 14,077 | 4,500 | 124,640 | 129,161 | |
| Transfer between funds | - | - | - | - | - |
| Surplus/(Deficit) | 78,118 | (1,017) | 2,788 | 79,888 | 61,481 |
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NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH UNAUDITED BALANCE SHEET
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2025 2024
Note £ £ £ £
Fixed Assets 2
Tangible 482,926 497,274
Current Assets
Debtors 3 18,634 24,660
Cash at Bank 255,721 155,421
274,356 180,083
Current Liabilities 4 828 792
Net Current Assets/(Liabilities) 273,527 179,291
Net Assets 756,452 676,565
Represented by
General Purpose Fund 5 179,341 101,223
Restricted Funds - Poor Fund 5 8,021 5,233
Restricted Funds - Building Fund 5 569,090 570,109
756,452 676,565
756,452 676,565
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Chairwoman
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So Ynui Leung
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Treasurer
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2” Sipe Los
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Date
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 April 2025
:
1. Accounting Policies
a Basis of accounting
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
b Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Designated funds are unrestricted funds earmarked by the trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
c Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
d Resources expended
Expenditure is recognised on an accruals basis asa liability is incurred. Expenditure includes VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates
e Fixed assets
All fixed assets are initially recorded at cost.
Depreciation:-
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Building Conversion - 2% Straight Line Fixtures & Fittings = 20% Written Down Value Equipment = 20% Written Down Value
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 April 2025
2. Tangible Fixed Assets
| Building | Fixtures | Total | ||
|---|---|---|---|---|
| Conversion | Equipment & | Fittings | ||
| £ | £ | £ | £ | |
| Cost or valuation: | ||||
| Opening | 629,345 | 34,559 | 3,682 | 667,586 |
| Additions | ||||
| Disposals | ||||
| Closing | 629,345 | 34,559 | 3,682 | 667,586 |
| Depreciation: | ||||
| Opening | 140,878 | 25,836 | 3,597 | 170,311 |
| Provision for the year | 12,587 | 1,745 | 17 | 14,350 |
| Disposals | ||||
| Closing | 153,465 | 27,581 | 3,614 | 184,661 |
| Net book values: | ||||
| 2025 | 475,880 | 6,978 | 67 | 482,926 |
| 2024 | 488,467 | 8,723 | 85 | 497,275 |
3 Debtors
| 3 | Debtors | ||
|---|---|---|---|
| 2025 | 2024 | ||
| Tax reliefon Gift Aid Income | 18,634 | 16,660 | |
| Other debtors | - | 8,000 | |
| 18,634 | 24,660 | ||
| 4 | Creditors: amounts falling due within oneyear | 2025 | 2024 |
| £ | E | ||
| Accruals | 828 | 792 | |
| 828 | 292 |
NEWCASTLE UPON TYNE CHINESE CHRISTIAN CHURCH NOTES TO THE UNAUDITED FINANCIAL STATEMENTS year ended 5 April 2025
| 5 | Movement in funds | At 6th | Transfers | At 5th | ||
|---|---|---|---|---|---|---|
| April | Incoming | Resources | between | April | ||
| 2024 | resources | expended | funds | 2025 | ||
| £ | £ | £ | £ | £ | ||
| General purpose fund | 101,223 | 184,179 | 106,061 | - | 179,341 | |
| Poor Fund | 5,239 | 7,288 | 4,500 | - | 8,021 | |
| Building Fund | 570,109 | 13,060 | 14,077 | - | 569,090 | |
| Total | 676,565 | 204,528 | 124,640 | 756,452 |
Purpose of Each Fund
General Purpose Fund
The General Purpose Fund is held in line with the committee’s policy of keeping 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 living in poverty in the North East and will be expended accordingly in due course.
Amounts held in the building fund represent the book value of the church’s building along with a reserve to allow any future building improvements to be carried out.
6 Analysis of Net Assets Between Funds
| Tangible Net current | Tangible Net current | ||
|---|---|---|---|
| fixed assets | Assets | Total | |
| £ | £ | £ | |
| Building Fund | 475,880 | 93,209 | 569,090 |
| General Purpose Fund | 7,045 | 172,295 | 179,341 |
| Poor Fund | - | 8,021 | 8,021 |
| 482,926 | 273,526 | 756,452 | |
| TotalFunds | 482,926 | 273,526 | 756,452 |