2023-12-31-accounts - Sheffield Chinese Christian Church

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Sheffield Chinese Christian Church

( Registered charity. Number 701523 )

FINANCIAL STATEMENTS

for the year ended 31 December 2023

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

T S Chew	Chairman
T S Chew	Secretary (0verseer)
C K Shum	Treasurer
T S Chew	English Ministry Co-ordinator (overseer)
T K Chung	Cantonese Ministry Co-ordinator
M L Cheung	Cantonese Ministry Co-ordinator
T Loh	Mandarin Ministry Co-ordinator
W Y Wheeldon	Education Department Co-ordinator
J K Lee	Services Department Co-ordinator
H K Yii	Resources Department Co-ordinator - resigned 5 March 2023
WH Mun	Resources Department Co-ordinator from 22 October 2023
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.

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 2023, we undertook Phase 1 of a major renovation for the exterior wall (North and East elevation) and the roof of the church building. Phase 2 commencing in 2024 will include renovations to the exterior wall (South and West elevation).

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 as well as a new mid-week youth group.

The church centre at Watson Road was used as the primary place of residence for our pastor and family. The venue is also used to hold various meetings, including prayer meetings, Bible study groups, and other churchrelated meetings.

Meetings are mostly held in person, with some online via the Zoom platform.

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

· We continue the process of a building renovation project and fundraising activities to support this work. In August 2023, the Church appointed Smith and Purslow to conduct a feasibility study to investigate the cost and design of using the lower ground floor. The proposed designs include reopening windows for extra lighting and a complete revamp of the current youth group room by creating an open space that allows a new kitchen and additional worship area; all existing toilets and the current activity room will be refurbished.

· New migrants from Hong Kong continue to settle in Sheffield and attend our services and meetings. In June 2023, we received funding to host and organise the Friendship Festival, which was aimed specifically for Hong Kong immigrants.

· All three ministries (English, Cantonese, Mandarin) continued to meet regularly throughout 2023. There have been more visitations to welcome and support new families who have joined the Church.

· During September, the Student Fellowship hosted a Street Café as part of outreach as well as to welcome the new first year students at both universities.

A new full-time administrator was appointed in September.
The Church has continued to support mission organisations worldwide.

· Since June, the Church has launched a monthly worship jam every first Tuesdays of the month as an opportunity to worship God together, focusing on God, learning new instruments and growing in unity. Also, since June, there is a twice monthly kids worship session for all Sunday School students.

Upgrading of church Wifi to a mesh system and upgrading to fibre broadband.

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.

Sheffield Chinese Christian Church

Independent Examiner's report to the Trustees of Sheffield Chinese Christian Church for the year ended 31 December 2023

I report on the accounts of the Sheffield Chinese Christian Church for the year ended 31 December 2023 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:______

Sheffield Chinese Christian Church

Balance Sheet as at 31 December 2023

2023 Notes £ Fixed assets 2 207,771 Current assets Cash at bank 93,837 Building fund 116,542 Debtor - Gift Aid 38,420 Total current assets 248,799 Creditors:amounts falling due within one year 3 (425) Net current assets/(liabilities) 248,374 Total assets less current liabilties: 456,145 Total net assets 456,145 Represented by: FUNDS Fixed assets Church Building 207,771 Restricted funds: 4 Building fund 116,542 Memorial fund 5,573 Unrestricted funds: Other funds 126,259 456,145 Trustee _____Dated __ Trustee ____Dated _____ On behalf of the board of trustees	2022 £ 207,771
	165,623 31,861 -
	197,484 (390)
	197,094

	404,865

	404,865
	207,771 31,861 5,573 159,660
	404,865
	_ ___

Sheffield Chinese Christian Church

Statement of Financial Activities

for the year ended 31 December 2023

Notes Income Donations and offering Building fund Offering Grants Other income Bank interest Total Income Direct charitable expenditure Pastoral ministry Mission organisation support Speakers & Gifts Proffessional fees Rent, rates & water Light, heat & power General repairs & renewals Insurance Telephone Printing, postage & stationery Worship Material Food & refreshments Travel Cleaning Independent examination and payroll Sundry expenditure Total Expenditure Net Income/(deficit) for the year Total funds brought forward Total funds carried forward	Total 2023 £ 166,493 90,160 5,000 218 1,015 262,886 34,413 14,800 7,545 10,269 3,390 6,869 104,831 3,862 601 263 747 465 696 1,920 511 20,424 211,606 51,280 404,865 456,145	Total 2022 £ 101,918 15,735 36,000 6,408 40
		160,101
		41,844 9,300 4,786 6,635 2,979 7,014 3,955 3,928 516 224 407 94 992 1,665 507 15,551
		100,397

		59,704 345,161
		404,865

Sheffield Chinese Christian Church

Notes to the accounts

for the year ended 31 December 2023

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 2022 Additions Balance at 31 December 2023 Accumulated depreciation Balance at 31 December 2022 Charge for the year Balance at 31 December 2023 Net book value at 31 December 2023 at 31 December 2022	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

Sheffield Chinese Christian Church

Notes to the accounts

for the year ended 31 December 2023

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:

g the accounting period. They are in respect of:
Trade creditors	£ 425
	425

4 Management committee remuneration and expenses

Management committee members received no remuneration (2022 - £nil) nor any out of pockets expenses (2022- £nil) during the accounting period.