BELFAST CHINESE CHRISTIAN CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 202249A30EP*
BELFAST CHINESE CHRISTIAN CHURCH FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEvfEMBER 2022 TABLE OF CONTENTS PAGE Charity Inforniation Truslees, Report 24 Independent Examiner's Report Siatement of Financial Activity Statement of Asse15 and Liabilities Notes to the Financial Statements 8-10 Det4iled Income and Expenditure Accounts General Fund Account Building Fund Account 12 Chinese School Fund 12
BELFAST CHINESE CHRISTIAN CHURCH Page I CHARITY INFORMATION Trustees Frank Chong Kin Hual Ang - (Treasurer) Simon Au (Chairperson) Canmy Ma Mickley Ng Chiu Fai Ronny Lam Lai Chu Chiang Registered ChArlty Number NICIO5821 Church Address Lorne Street Belfast BT9 7DU Independent ExAminer Johnston Kennedy DFK Chartered Accountants 10 Pilots View Heron Road Belfast BT3 9LE BAnkers Donske Bank POBOX 183 Donegall Square Wesl Belfast BTI 6JS
BELFAST CHINESE CHRISTIAN CHURCH Page 2 TRUSTEES, REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2022 The trustees present their annual report together with ihe unaudited financial statements for the year ended 30 September ?0?? Description and Purpose The objects of ihe Church are to advance ihe Christian Religion anil such other charitable purposes as the Church shall detemiine and in furtherance of these objects the Church shall exist:_ To preach the gospel of Jesus Christ, primarily, bul not exclusively, to the Chinese in Northern Ireland. To provide a spiritual home for Christian5 and to care for iheir spiritual welfare. To equip for Christian service, including those who will be retuming to their home country. - To cooperale with Chinese churches and fellowships, other churches and so¢i¢li¢s whose doctrinal position agree5 Wlth ours. To relieve ihose per50n5 Ivho are in conditions of need, hardship and distress. Publlc Bcnefit Statement The principal benefit5 which flow from the purposes of the Charity are as follows:. a clearer and belter understanding of the Gospel of Jesus Christ for the Chinese people and members ofthe general public. improving the spirilual life of those who profess to hold the Chrislian faiih, helping them to overcome any spiriiual diificuliies they may have. the strenhenIng, through the Word of God, of those who profess to hold the Christian faith, so that they can stand finner in their faiih and be able lo share the Gospel of Jesus Christ Ivherever they go. improving and expanding the work of the church, Ihrough ihe sharing of resources, ond the transfer of skills, knowledge and experience with organisations which ihe church cooperales with. alleviating those in distress and improvin&F the conditions of those who are in hardship. These benefits are evidenced ihrough regular fornial and infonnal feedback from church volunt¢er5, members of the church, llnd those who altcnd ihe various meetings organised by the church, and through the provision of aid to other charitable orLpanisations. There is no harni arising from any of the purposes. Our beneficiaries are: general public, men, Ivomen, parents preschool (0-5 year olds) childn (5-13 year old5) and youths (14-?5 year olds). There is no privaie benefil flo¥ving from any of the purposes. Structure governance and management The Belfast Chinese Chrislian Church is an unincorporaled associalion govemed in accordance with it5 constitution. The church governance structure comprises a board of trustees, board ofelders and church commillee. The church committee meet on a monthly ba5iS to oversee ihe management of the financial and administrative matters of the church. The annual report and financial accounts are presented to church rnembers at the annual general meeting.
BELFAST CHINESE CHRISTIAN CHURCH PAge 3 TRUSTEES, REPORT - continued Activities and Performance The Belfast Chinese Christian Church hold5 weekly Sunday church services. The services are conducted in English, Mandarin and Cantonese. Oiher activities include Sunday school, youth group meetings, children's meetings, Bible sludy groups, outrellch events, Bible-based training, short-term missions and a Chinese language school. The church had an average of140 member5 during the year and over 30 volunteers ivho assisted in delivery of church aciivitie5. Financial Review The results for ihe year are set out on pages 6 10 1 O. During the year the Church generated a general fund surplus of £36,281 before Iransfer of £1.466 from the Chinese School and a building fund surplus of £58. At the year end the Unreslricled Funds amounted to £404,661 ivith the Building Fund amounting to £584,375 of which £282.867 WDS designated as fixed assets. Responslbilitie5 In respect of FlnAncial Slatements The Truslees are responsible for preparing ihe annual report and the financial staiemenls in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. The Tru51e¢s are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the congregalion and the financial aclivili¢5 for that year. In preparing ihe financial 5talements, the Trustees are r4uir¢d to: select suitable accounting policies and then apply them consistently. make judgements and estimates that are reasonable and prudent. and prepare the financial slalemen15 on ihe going concern basis unless it is inappropriate lo presume (hat the Charity will continue in operation. The Tru5te¢s are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Church and enable the Trustees lo ensure ihat the financial stalements comply with the Slatement of Recommended Pra¢tice"Accounting and Reporting by Charities { l January 2019)" They ar¢ a150 responsible for safeguarding the assels of ihe congregation and hence for taking reasonable steps for the prevenlion and detection of fraud and oiher irregularities.
BELFAST CHESE CHRISTI.41%' CHURCH Page 4 TRUSTEES, REPORT- contlnlled Resen'es Polie). The reserN'e policy of the Church is 10 acCumule resources ID order to fund ongoing ministy work and ro deliN'er on the vision in r¢spe¢i of a new. building projeci. Risk Rei'ie A re%'iew' of major risks has been undertaken by the Tru51ees and sleMS and procedures implemrnled lo manage identified risks. The principal risks are in relalTon lo the likelihood of reputaiional darnage and financia] risks a550ciated with the expec110 of on80ing financial support from member5. These risks are miii8aled by the TnLsiees. and the COngallOnal Commiuee. regularly monitoring the variws activities of the con8regaiion ai staRd meetings ond b} encourn8inB member5 in their re8ular giving. Approved by ihc board of Trustees at a meelin¥ on . . and silned on its behalf by: Slmon Au Chalrperson Kin Huat Ang Tre45urer Dat•
BELFAST CHINESE CHRISTIAN CHURCH PAge 5 INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF BELFAST CHINESE CHRisfiAN CHURCH I report on ihe accounts of the charity for the year ended 30 September 2022 Set out on pages ¢0 6 10 10. Respective responsibilities of Trustees and ExAmlner As ihe charily'5 Truslee5 you are responsible for the preparation of the account5 in accordance ivith the Charities Act (Northem Ireland) 2008. li is my responsibility lo: • examine the accounts under seclion 65 of the Chariiie5 Act; follow the procedures laid down in ihe general Directions given by the Charity Commission for Northem Ireland under section 65(9)(b) of the Charities Act; and state whether particular matters have come to my allention. Basls of Independent cxaminer'5 report I have e.%amined your charity accounts as required under seclion 65 of the Charities Act and my examination was carried out in accordance with the general Direclion5 given by the Charity Commission for Northern Ireland under section 65(9Xb) of the Charities Acl. My examination included a review of the accounting records kept by the charity and a comparison of the accounts pre5enled with those record5. li olso included consideration of any unusual items or disc105ures in the accounts, and seeking explanations from you as Chority Irusiees concerning any such malters. My role 15 to state whether any material matler5 have come to our attention giving me cause lo believe: l That accounling records were not kept in accordance with seclion 63 of the Charities Act 2 That the account5 do not accord with ihose accounting records 3 That the accounts do not comply wilh the accounting requirements of the Charities Act 4 That there is further inforniation needed for a proper underslanding of the accounls to be reached. Independent examlner's statement I have completed my examination and have no concerns in respect of the matters ( l ) to (4) listed above and, in connection wilh following the Directions of the Charily Commission for Northern Ireland, I have found no matters thal require drawing to your attention. FCA Johnston Kennedy DFK Charlered Accountunts 10 Pilots View Heron Road Belfast BT3 9LE Date 13 12
BELFAST CHINESE CHRISTIAN CHURCH Pgge 6 STATEMENT OF FINANCIAL ACTIVITY FOR THE YEAR ENDED 30 SEPTEMBER 2022 202249A30S# Unrc5trlcted Fund Restrlet d Funds rolal 2021 2022 Income Notes Donation5 and legacies Charitable activities Investments Other 175,401 4,806 806 2,059 175,401 4,806 910 2,059 98,406 5,069 1,052 104 Totnl inc 183,072 104 183,176 104,527 en Raising funds Charilable activilies (46) (46) (145,325) (145,325) (84.444) Totgl ex en ure (145a25) (145J71 84,444) Net Incom enditure 37,747 58 37005 20,083 Transfer between funds (11,655 11,655 Net movement In fund5: 26,092 11,713 37,805 20,083 Reconciliation of fund5: Funds brought forward 378,569 572,662 951,231 931, 148 Totlll funds ¢arr4ed forward 404,661 584,375 989,036 9SI,231
BELFAST CHtNESE CHRISTIAN CHURCH yÈ4tr4X$ PAge 7 STATAMENT OF ASSETS AND LIABILITIES AS AT 30 SEPTEMBER 2022 ILt4Z¥20229R30H 2022 2021 FIXED ASSETS Land Buildings Equipment Fixtures and Fittings 150.000 113,655 15,351 3,861 150,000 113.204 3,341 4,667 4 282,867 271.212 CURREIYT ASSETS Prepaymen15 Repayable Church Support Gift Aid debtor Bank Investment Accounts Bank Current Account Petty Cash 1,599 45.000 1.545 447 153.090 549,052 13 704,147 153,208 513,913 *Ép rl 713,830 CURRENT LIABILITIES £WJ Accrua15 Deferred Income Other Creditors 2,206 4,455 1,000 7,661 2,523 4,311 17,294 24,128 NET CURRENT ASSETS 706,169 680,019 TOTAL NET ASSETS 989 036 95J,231 resentcd b General Fund Building Fund 404,661 282,867 301,508 378.569 271,21? 301,450 Designated - Reserve 989,036 951231
BELFAsf CHINESE CHRISTIAN CHURCH Page 8 NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 ACCOUNTINC POLICIES Basis of fin*nclAI stAttm¢n¢$ The charity Constitutes a public benefit enliiy as defined by FRS I O? Th¢ financial slalemenls have been prepared in accordance with Accounling and Reporting by Charities: Sthtement of Re¢ommendgd Practice applicable to charities preparing their accounis in accordance with the Financial Reporting Stnndard appli¢able in the UK and Republic of Ireland (FRS I O?) issued Ociober ?019, the Charities Act (Northern Ireland) ?008 and UK Genernlly Accepted Prnrlice as it opplies from l January ?019. Fund Aeeounting Unreslricled funds are income funds which are lo be spent on the congregaiion's general purposes. tksignaled funds are Benernl funds aside by Ihe congregaiion for specific use in the fulure. RestNcted funds comprise (a) income from endowrnents which 15 lo be expended only on Ihe restricted purposes intended by the donor and (b) revenue don4tions or Branls for a specific congre&Jational activity intended by th¢ donor. Where these funds have unspent balances, interesi on iheir pooled investment is apportiongd to the individual funds on an average basis. Endowmeni funds Rre funds. Ihe capilal of which rnust be relllined eiiher pemianenily or ai the congr¢gation'5 discrelion. Ihe income derived from ihe endowmenl is lo be used either as reslricied or unreslricled income funds depending upon the purpose for which the endowment was established in the first place. Accountlng conv¢n¢ion These financial 51alemen15 hnve been prepared under Ihe hislorical cost basis of accounlinK. Deprerlatlon Depreciation ha5 been ehorged ai such rale5 as will write off ihe c05t of fixed assets in equal instalmen15 over their ¢xpected useful lives. Land Building Equipmenl Fixlures and Fittings NIL 50A Sirllighi Line ?OO/o Straighi Line IOO/o Straight Line Taxxtion The church is a eharily registered with the Chariiy Commissioll for Nonhern Ireland. Charity numberNIC1058?1. DONATIONS AND LEGACIES Unreslrfcted Restrfcted Fund olal 2022 2021 ivin General Offerings Misslon Donations Gift Aid Tax Refunds Special Offerings 128,211 12,988 8,987 25,215 128,211 12.988 8,987 25,215 73,816 4, 763 447 19,380 175,401 175,401 98,406
BELFAST CHINESE CHRISTIAN CHURCH Pllge 9 NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 202Z CHARITABLE ACTIVITIES nre8trlc estrlcted Fund Total 2022 Total Chinese School Income 4,806 4,806 5,069 4,806 4,806 5.069 OTHER INCOM Unrestrlc slrlcted Fun Total 02 Interest Received Sundry Income 104 910 2,OS9 2,059 2.865 104 2,969 1,052 CHARITABLE EXPENDITURE restrl Fun rlcted Fund 2022 2021 Charit4ble expenses Governance costs 144,284 1,041 144,284 1,041 83.319 1,125 145,325 145,32S 84.444 SUMMARY OF NET ASSETS BY FUNDS Unrestrictod R¢strielod Funds Fixed Assels Net Curreni Assels ?8? 867 301,508 ?8?.867 706.169 404.661 404,661 584,375 989,036
BELFAST CHINESE CHRISTIAN CHURCH Page 10 NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022 RECONCILIATION OF MOVEMENT OF FUNDS Unrestrlcl Funds Fund Pro Fund Reserve Bnlance brought forward l October ?021 Movement in year Surplus from building fund Surplus from Chinese school 378,569 36,281 ?71 ?12 301,450 951 ?31 36,281 58 1,466 58 1,466 Trnnsfer from building fund (11.655) 11,655 Balance 0130 September ?0?? 404.661 28? 867 301.508 989,036 FIXED ASSET Lwnd Bullding Equipment Flxturns & Tolnl Fittlngs At Cost Balance l O¢tober 20?1 Additions Disposals Balance 30 Seplember 20?? Iso,000 196,746 7,106 47,818 14,070 ?8,491 4?3,055 ?1,176 150,000 203,85? 61,888 28.491 444,?31 Depreclallon Balllnce l Oclober ?0? I Chorkye for year Elimination on disposol Balance 30 Sepiember ?0?2 83,54? 6,655 44,477 2.060 ?3.8?4 806 151,843 9,5?1 90,197 46.537 ?4.630 161.364 Net Book Value As It 30 Septemb¢r 2022 150,000 113.655 ISJSI 3061 282,867 As ai 30 September ?0? I 150,000 113?04 3.341 4,667 ?71 ?1? SUPPORT OSTS Chiu Fai Ronny Lam received remuneration in Ihe amounl of £?3,435 for pa5torul services and £747 ofpension conlributions. Canmy Ma received remunerlllion in ¢he amoun( of£5.77O for cleaning services. io. CONTROL Belfast Chinese Christian Church is controlled by ihe members. GOVERNANCE COSTS- ACCOUNTANTS REM NERATION Remuneralion for accounting services in ihe amount of £869 (excluding vai) is payable for the year.
BELFAST CHINESE CHRISTIAN CHURCH kYfitr¥A£ff PAgell GENERAL FUND INCOI¥IE AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 202249R30H** INCOME Gen¢rol OtTerings Mi55ion Donaiinns Gift Aid T&N RLfunds InierL%I RLCL'IVL Sundry Incom SpLYilll OITerings
ZJj•Kt
128,211
12.988
8.987
806
2,059
25.215
178.266
85.W6
4.763
447
882
fiJ.o,
19.380
111,468
EXPENDITURE
P&slorfs s&la
Pa51oral Expens¥s
Pasiols Pcnsion
Mission Donations
Ouireach
Gifls
Sunday School
Educolion and TruininB
Church AcliviliLS
SpeaK"¥r Expenses
Sundry E%penscs
Library Expensc5
Accounlw)c>
R¢frn'5hmenls
Sp¥cial 0'T1n5
T¥'lephonc
RLpllirs ond Maintenance
In5urllncL'
Fl¢al ond LiLvht
oirice Exp¢ns¢s
Clellning
Legul fees
Bank Churges
Depreciaiion
4kliTIW]I
23.435
99
747
6.?60
WJE
21.020
1,107
1,250
9F
20
8,175
918
3,070
527
8,590
2,998
500
336
5.900
455
1.125
2,000
19.380
984
6,229
1,559
3.285
1,823
1.926
240
217
7.077
1,105
25,215
757
7.308
1,701
4.112
3,451
6,221
i+fJiJKt
*;"%
372
9.521
1141.9851
182.174
GENERAL FUND IiYCOMEI{EXPENDITURE) FOR THE YEAR
36,281
29,294
MoVEIENT OF FUNDS
GL'nLral fund r¥sLrvi brought foni'ur
BELFAST CHINESE CHRISTIAN CHURCH A1f#A5ff PAge 12 DESIGli¢lTED FUNDS II)COIIE.IND ENPENDITURE,ICCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2022 2Q22¥9A30&16 2022 2021 BUILDING FUND INCOME Incomc Colli'oiions Gitl Aid TL% Refunds Bank IniLrL%I RL'lum ofcolleclions 104 170 (1? 180) Ya&yJiE IipcndiiurL' Bank Charges LeBuI tthd Profc55ionTrl 146) tlyffj NET INCOMEI(EXPEIYDITURE) FOR THE YEAR MOVEMENT OF FUNDS Reserves brought forwlrd Ncl Surplus for }car Capiial Lxp¢ndiiurc- Gencral a¢¢ouni D¥'prLYiJiion Transfer to general fund 572,661 58 538,906 (12.QlO} 21,176 (9.521 17.077) 11.653 45.765 RESERVES CARRIED FORWARD ••IIF 584 572661 CHINESE SCHOOL FUND Incomc 4,806 5,069 E%penditurc (3,3401 (2,2701 NET INCOMEIIEXPENDITUREI FOR THE YEAR 1.466 2,799 TRANSFER TO GENEK4L FUND