## Sheffield Chinese Christian Church
**( Registered charity. Number 701523 )**
## FINANCIAL STATEMENTS
for the year ended 31 December 2024
|**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**||
|---|---|
|J K Lee|Chairman (Jan-Jun 2024)|
|T Loh|Chairman (Jul-Dec 2024)|
|L S Yeoh|Secretary|
|C K Shum|Treasurer|
|J K Lee|English Ministry Co-ordinator|
|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|
|W H Mun|Resources Department 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.
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 2024, we undertook and completed Phase 2 of the major renovation project, which included the renovations to the exterior wall (South and West elevations).
The existing AV system was upgraded to provide better livestream service to those who are unable to attend the physical service. There were also repairs to the roof and one of the upstairs classroom due to damage caused by water leakage from the roof.
The church building is used on Sundays with three worship services (this has increased from two services) for each of our three congregations (English, Cantonese and Mandarin), Sunday School and Youth Group. In addition, the building is used for various meetings during the week, such as small groups, elderly group, women’s and men’s groups, and Student Fellowship. There have also been new groups using the building for regular weekly activities that are open to all, including friends and others in the community.
The church centre at Watson Road was used as the primary place of residence for our pastor and family. The venue is used to hold various meetings, including Bible study groups and other church-related meetings. It is also used for hospitality of visiting speakers and other guests.
Meetings are mostly held in person, with some held online via the Zoom platform.
Some of the key activities and achievements during this period are as follows:
· The building renovation project and any supporting fundraising activities continued throughout 2024, focussing on the lower ground floor planning, and these activities will be ongoing into 2025.
· All three ministries (English, Cantonese, Mandarin) continued to meet regularly throughout 2024.
· The Student Fellowship hosted an annual event in September for the new first year students at both universities, and also a Christmas celebration.
- A baptismal service was held in March 2024.
- 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.
3
## Sheffield Chinese Christian Church
## Independent Examiner's report to the Trustees of Sheffield Chinese Christian Church for the year ended 31 December 2024
I report on the accounts of the Sheffield Chinese Christian Church for the year ended 31 December 2024 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 2024
|**2024**
**Notes**
**£**
**Fixed assets**
**2**
**207,771**
**Current assets**
Cash at bank
82,369
Building fund
169,740
Debtor - Gift Aid
-
**Total current assets**
**252,109**
**Creditors:amounts falling due**
within one year
**3**
(440)
**Net current assets/(liabilities)**
**251,669**
**Total assets less current liabilties:**
**459,440**
**Total net assets**
**459,440**
**Represented by:**
**FUNDS**
**Fixed assets**
Church Building
207,771
**Restricted funds:**
**4**
Building fund
169,740
Memorial fund
5,573
**Unrestricted funds:**
Other funds
76,356
**459,440**
Trustee ___________________________Dated ________
Trustee ___________________________Dated ________
On behalf of the board of trustees|2023
**£**
207,771|
|---|---|
||93,837
116,542
38,420|
||248,799
(425)|
||248,374|
|||
||456,145|
|||
||456,145|
||207,771
116,542
5,573
126,259|
||456,145|
||_____
_____|
5
## Sheffield Chinese Christian Church
## Statement of Financial Activities
## for the year ended 31 December 2024
|**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 and insurance
Utilities
Building renevotion
General repairs & renewals
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**
**2024**
**£**
143,358
54,401
40,405
1,244
**239,408**
40,097
12,500
11,570
1,081
7,901
7,055
135,005
13,351
-
1,866
1,032
576
2,265
518
1,296
**236,113**
**3,295**
456,145
**459,440**|Total
2023
**£**
166,493
90,160
5,000
218
1,015|
|---|---|---|
|||262,886|
|||34,413
14,800
7,545
10,269
7,252
7,470
104,831
-
263
747
465
696
1,920
511
20,424|
|||211,606|
||||
|||51,280
404,865|
|||456,145|
6
Sheffield Chinese Christian Church
## Notes to the accounts
## for the year ended 31 December 2024
## **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 2023
Additions
Balance at 31 December 2024
**Accumulated depreciation**
Balance at 31 December 2023
Charge for the year
Balance at 31 December 2024
**Net book value**
at 31 December 2024
at 31 December 2023|**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 2024
## **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:
|**itors: amounts falling due within one year**
e are expenses that have been incurred but have not been billed or paid for
g the accounting period. They are in respect of:||
|---|---|
|Trade creditors|**£**
440|
||**440**|
**4 Management committee remuneration and expenses** Management committee members received no remuneration (2023 - £nil) nor any out of pockets expenses (2023- £nil) during the accounting period.
8