2020-12-31-accounts

Sheffield Chinese Christian Church

( Registered charity. Number 701523 )

FINANCIAL STATEMENTS

for the year ended 31 December 2020

Contents	Page
Committee report	2-3
Examiner's report	4
Balance sheet	5
Statement of financial activities	6
Notes to the accounts	7-8

Sheffield Chinese Christian Church

Committee report

Management committee

A Lim Chairman Y K Foo Secretary C K Shum Treasurer T S Chew English Ministry Co-ordinator T K Chung Cantonese Ministry Co-ordinator T Loh Mandarin Ministry Co-ordinator W Y Wheeldon Education Department Co-ordinator M L Cheung Services Department Co-ordinator D Yii Resources Department Co-ordinator R B W Heng Prayer Ministry Co-ordinator

Principal Address

12 Watson Road Broomhill Sheffield S10 2SD

Bank

HSBC Bank Plc Carmel House 49-63 Fargate Sheffield S1 2HD

Independent examiner

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Aims, activity and organisation

The objects include:

q	To proclaim the gospel of Jesus Christ primarily amongst persons of the Chinese race
	in Sheffield and its surrounding area;
q	To support the worldwide fulfilment of the two-fold mission of evangelism and discipleship
	given by Jesus Christ;
q	To meet together regularly for worship, prayer, the ministry of God's word and fellowship;
q	To encourage and build one another up, in faith, truth and love, as witnesses for
	Jesus Christ;
q	To develop an active social concern within the Church for the surrounding community; and
q	To co-operate with other Christian churches, societies and organisations who share
	our general aims and beliefs, especially local churches, the Chinese Overseas Christian
	Mission (COCM), other Chinese Christian Fellowships (CCFs) and Chinese Churches.

The organisation is managed by a voluntary committee who are elected annually.

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Sheffield Chinese Christian Church

Committee report continued

Review of key activities and achievements:-

Trustees are responsible for the administration of an organisation’s property with a legal obligation to manage it and ensure its use for the proper purposes of the organisation.

We have two buildings and a mini bus, which we have continued to maintain and manage for the Church during 2020. We undertook a major renovation including roof repairs of the church building, and this lasted around seven months.

The church building is used on Sundays with two worship services for our three congregations, Sunday School and Youth Group. In addition, the building is used for various meetings during the week, such as small groups, elderly group, ladies’ group, and Student Fellowship.

The church centre at Watson Road is used as the primary place of residence for a pastoral church worker. The venue is also used to hold various meetings, including prayer meetings, Bible study groups, and other churchrelated meetings. It is also used for hospitality of visiting speakers and other guests.

As a result of the restrictions imposed due to the COVID-19 pandemic, the use of both buildings was significantly reduced during 2020. Therefore we established and held meetings online via the Zoom platform instead of the usual in-person meetings.

Some of the key activities and achievements during this period are as follows:

• Just prior to the first set of lockdown restrictions, we held a church retreat over three days at the Hayes Conference Centre in Derbyshire.

• The Student Fellowship hosted an annual welcome event for the new first year students at both universities, and also a Christmas celebration. Both events adhered to the relevant social distancing guidelines at the time with regards to COVID-19.

• All three ministries (English, Cantonese, Mandarin) continued to meet regularly online via Zoom.

• Due to the restrictions imposed, we were able to support members, particularly the elderly and those feeling isolated/vulnerable, by various means such as arranging telephone calls with them, and assisting with their grocery shopping.

• The Church has continued to support mission organisations worldwide.

Reserves policy:

As a church, our aim is to make the best out of what God has given us and be a good steward of God. Therefore, we do not wish to hold any income reserve, as we believe God will provide.

The management committee's responsibilities for the financial statements

The committee members are responsible for preparing financial statements for each financial period which give a clear view of the state of affairs of the group and of the the surplus or deficit of the group for that period. In preparing those financial statements, the committee members are required to:

• q select suitable accounting policies and apply them consistently;

• q make judgements and estimates that are reasonable and prudent.

The committee members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the group and enable the committee members to prepare financial statements. The committee members are responsible for safeguarding the assets of the group and hence for taking reasonable steps for the prevention of fraud and other irregularities.

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Sheffield Chinese Christian Church

Independent Examiner's report to the Trustees of Sheffield Chinese Christian Church for the year ended 31 December 2020

I report on the accounts of the Sheffield Chinese Christian Church for the year ended 31 December 2020 which are set out on pages 5 to 7.

Respective responsibilities of the Trustees and the examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's 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.

It is my responsibility to:

• q examine the accounts under section 145 of the 2011 Act;

• q 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

• q 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 Charities Commissioners. An examination includes a review of the accounting records kept by the charity 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 I do not express an audit opinion on the view given by the accounts.

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:

• q to keep appropriate accounting records in accordance with section 130 of the 2011 Act; and

• q to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act

have not been met; or

• 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:______

Craig Williamson White Rose Accounting for Charities The Ghyll Threapland Aspatria CA7 2EL

Date:______

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Sheffield Chinese Christian Church

Balance Sheet as at 31 December 2020

2020 Notes £ Fixed assets 2 207,771 Current assets Cash at bank 99,360 Total current assets 99,360 Creditors:amounts falling due within one year 3 (1,794) Net current assets/(liabilities) 97,566 Total assets less current liabilties: 305,337 Total net assets 305,337 Represented by: FUNDS Restricted funds: 4 Church building fund 63,325 Memorial fund 5,573 Unrestricted funds: Other funds 236,439 305,337 Trustee _____Dated __ Trustee ____Dated _____ On behalf of the board of trustees	2019 £ 207,771
	56,691
	56,691 (300)
	56,391
	264,162
	264,162
	63,325 5,573 195,264
	264,162
	_ ___

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Sheffield Chinese Christian Church

Statement of Financial Activities

for the year ended 31 December 2020

Notes Income Donations and offering Retreat income Insurance claim Other income Bank interest Total Income Direct charitable expenditure Pastoral ministry Mission organisation support Speakers Evangelism & discipleship Library Youth Group Sunday school & Chinese classes Retreat Rent, rates & water Light, heat & power General repairs & renewals Insurance Telephone Printing, postage & stationery Worship Material Food & refreshments Gifts & presents Travel Cleaning Independent examination and payroll Sundry expenditure Total Expenditure Net Income/(deficit) for the year Total funds brought forward Total funds carried forward	Unrestricted fund £ 103,767 11,034 10,140 1,003 26 125,970 22,846 7,500 3,283 - - - - 11,206 4,101 3,225 23,417 3,087 930 480 89 449 66 1,252 1,355 397 1,112 84,795 41,175 195,264 236,439	Restricted fund £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 68,898 68,898	Total 2020 £ 103,767 11,034 10,140 1,003 26 125,970 22,846 7,500 3,283 - - - - 11,206 4,101 3,225 23,417 3,087 930 480 89 449 66 1,252 1,355 397 1,112 84,795 41,175 264,162 305,337	Total 2019 £ 76,224 4,391 - - 11
				80,626
				5,934 5,700 8,650 567 8 - - 4,614 3,860 6,404 8,693 3,514 780 201 437 2,501 240 1,036 1,627 347 1,195
				56,309
				24,317 239,845
				264,162

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Sheffield Chinese Christian Church

Notes to the accounts

for the year ended 31 December 2020

1 Accounting policies

General

These Accounts have been prepared under the historic cost convention and in accordance with applicable accounting standards. Where prepayments and accruals have not been accounted for it is because the amounts involved have not been considered material.

Depreciation of tangible fixed assets

Depreciation is calculated so as to write off the historical cost of fixed assets over its expected useful life. The reducing balance method is applied at the following annual rates:

Furniture and fixtures	20%
Minibus	25%

Property is not depreciated because it has been revalued upwards and is not expected to fall because of regular upkeep and maintenance.

Income

Income included in the period it was received

Taxation

The church is a charity and as such, is not subject to Corporation Tax.

2 Tangible fixed assets

Cost or valuation Balance at 31 December 2019 Additions Balance at 31 December 2020 Accumulated depreciation Balance at 31 December 2019 Charge for the year Balance at 31 December 2020 Net book value at 31 December 2020 at 31 December 2019	Properties £ 207,771 - 207,771 - - - 207,771 207,771	Furniture & fixtures £ 56,397 - 56,397 56,397 - 56,397 - -	Total £ 264,168 -
			264,168
			56,397 -
			56,397
			207,771
			207,771

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Sheffield Chinese Christian Church

Notes to the accounts

for the year ended 31 December 2020

3 Creditors: amounts falling due within one year

These are expenses that have been incurred but have not been billed or paid for during the accounting period. They are in respect of:

Trade creditors 4 Restricted funds Incoming resources Offerings Total incoming resources Outgoing resources General repairs & renewals Depreciation Total outgoing resources Net incoming/(outgoing) resources Brought forward 1 January 2020 Carried forward at 31 December 2020	Church building £ - - - - - - 63,325 63,325	Memorial £ - - - - - - 5,573 5,573	£ 1,794
			1,794
			Total £ -
			-
			- -
			-
			- 68,898
			68,898

5 Management committee remuneration and expenses

Management committee members received no remuneration (2019 - £nil) nor any out of pockets expenses (2019- £nil) during the accounting period.

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