## 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.
2
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.
3
## 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:________________________
4
## 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|
||_____
_____|
5
## 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|
6
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|
8
## 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.
8