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COMPANY REGISTRATION NUMBER: 10850435
CHARITY REGISTRATION NUMBER: 1174012
Leeds Chinese Christian Church
Company Limited by Guarantee
Unaudited Financial Statements
31 December 2024
Leeds Chinese Christian Church
Company Limited by Guarantee
Financial Statements
Year ended 31 December 2024
Page
Trustees' annual report (incorporating the director's report)
1
Independent examiner's report to the trustees
4
Statement of financial activities (including income and expenditure account)
6
Statement of financial position
7
Notes to the financial statements
8
Leeds Chinese Christian Church
Company Limited by Guarantee
Trustees' Annual Report (Incorporating the Director's Report)
Year ended 31 December 2024
The trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 December 2024 .
Reference and administrative details
Registered charity name
Leeds Chinese Christian Church
Charity registration number
1174012
Company registration number
10850435
Principal office and registered
155 Kirkstall Road
office
Leeds
West Yorkshire
LS4 2AG
The trustees
Mr S O Lee
Mr D Y Zhou
Ms Liz S W Chan
Mr F B Mok
Mrs K Y F Chan
Mr R Jordan
Mr Y W Fong
Mr K W Chiu - chief executive officer
Mr P W Lai
(Resigned 30 April 2024)
Ms A Wu
Ms X Z Guo
Mrs R Cheung
Independent examiner
Howard Matthews BA FCA
Queensgate House
23 North Park Road
Harrogate
North Yorkshire
HG1 5PD
Structure, governance and management
The church's Memorandum & Articles of Association details the management and governance of the church. The church trustees is made up of spiritual leadership and a minimum of 3 appointed members. The appointment of new trustees takes place at the Annual General meeting which usually occurs around April. The appointed members usually continue to service unless they resigned or terminated. New Trustees are subject to selection at the Annual general meeting. The spiritual leadership and the appointed members are trustees of the church. The trustees chairman is responsible for the induction of any new trustee which involves awareness of a trustee's responsibilities, the governing and administrative procedures. A new trustee would receive a copy of the Charity Commission leaflet 'The Essential Trustee: What you need to know'.
The church trustees board has twelve trustees in 2024 and half of them have held office for more than 20 years. The church also employed three pastoral workers and two part time administrative staff workers. The Chinese school employed an administrative staff as well. The paid pastoral workers are present in most of the management meetings to advice but have no voting power in decision making.
The church council meets alternate months, except in the summer, to discuss matters arising from the day to day running of the church. The church council takes a precautionary approach when applying for external funds and no such application was made in 2024.
Risk management
During the financial period the Trustees have reviewed the major risks to which the Charity is exposed, particularly those related to the finances of the Charity. The Trustees have considered the appropriate policies, procedures and systems and are confident that they are adequate to mitigate the Charity's exposure to the major risks.
Objectives and activities
The Leeds Chinese Christian Church registered with the Charity Commission in July 2017 (charity no: 1174012 ), having previously been an unincorporated charity since 1990. The main objectives of the church are to provide
.. a Christian spiritual home mainly (but not exclusively) to the Chinese population in West Yorkshire and surrounding area
.. to share and live out the Christian faith among the Chinese population
.. support mainly (but not exclusively) Chinese speaking university students to settle down with their study through the university chaplaincy
.. Pastoral care to hospital patients
.. Part of the university team providing pastoral care to both Leeds universities students
In order to teach the local born Chinese about Chinese Culture, the Leeds Chinese School was established more than thirty years ago and nowadays it is teaching both Cantonese and Mandarin. The School has its lessons in the church building during most Saturday afternoons in school terms.
Public benefit statement
The trustees confirm they have complied with their duty in section 17(5) of the 2011 Charities Act to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.
Achievements and performance
The church continues to serve the Chinese Community in Leeds in 2024 by hosting various events/meetings at the church building at 155 Kirkstall Road.
Financial review
Most of the church’s income is from the giving of the church members (and past members from overseas). For those who pay tax and give to the church, the church will seek permission from them to give as gift aid and apply for refund from the Inland Revenue. Other income includes gifts from other churches and bank interest. The income for general fund is £181,955 and building fund is £178,416. Expenditure for the general fund is £174,305 and building fund is £44,617. Total funds for the church have increased from £2,151,555 to £2,294,776 from 2023 to 2024.
The church council decided to convert the building's basement from storage to meeting rooms and work was completed in the summer of 2017.
Construction of the new hall started on 16 January 2023 and completed on 20 December 2023. The church remained open during the new hall construction.
Reserves policy
The Charity holds £25,000 of unrestricted funds in reserve. This money would allow the Charity to provide a service for a period of three months if other funds were not available.
Plans for future periods
We were saddened by the sudden passing away of church senior pastor Dr Y P Chan in May 2023. As a result, we are working on successor plans to replace the loss.
The new worship hall has been in use since January 2024. We are grateful for the financial support received from present and past members from UK and overseas. We will not expect this amount of financial income and support to continue. On 1/1/25 the church has £51,000 interest free loan which we aim to return in the next 12 months. We also consider renting out the church to other Christian churches (or Christian charity organisations) during weekdays to generate income to pay off the new hall construction cost.
A lot of Hong Kong residents moved to Leeds city and nearby area and few families joined the Leeds Chinese Christian Church . We have been reaching out to them and introduced them to the church.
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
The trustees' annual report was approved on 2 March 2025 and signed on behalf of the board of trustees by:
Mr F B Mok
Trustee
Leeds Chinese Christian Church
Company Limited by Guarantee
Independent Examiner's Report to the Trustees of Leeds Chinese Christian Church
Year ended 31 December 2024
I report to the trustees on my examination of the financial statements of Leeds Chinese Christian Church ('the charity') for the year ended 31 December 2024.
Responsibilities and basis of report
As the trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act’).
Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. Independent examiner's statement
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
2. the financial statements do not accord with those records; or
3. the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Howard Matthews BA FCA Independent Examiner
Queensgate House 23 North Park Road Harrogate North Yorkshire HG1 5PD
12 March 2025
Leeds Chinese Christian Church
Company Limited by Guarantee
Statement of Financial Activities
(including income and expenditure account)
Year ended 31 December 2024
2024
2023
Unrestricted funds
Restricted funds
Total funds
Total funds
Note
£
£
£
£
Income and endowments
Donations and legacies
5
181,936
178,290
360,226
629,821
Charitable activities
6
9,145
9,145
7,730
Investment income
7
19
126
145
348
---------
---------
---------
---------
Total income
181,955
187,561
369,516
637,899
---------
---------
---------
---------
Expenditure
Expenditure on charitable activities
8,9
174,305
51,990
226,295
200,260
---------
---------
---------
---------
Total expenditure
174,305
51,990
226,295
200,260
---------
---------
---------
---------
---------
---------
---------
---------
Net income and net movement in funds
7,650
135,571
143,221
437,639
---------
---------
---------
---------
Reconciliation of funds
Total funds brought forward
80,605
2,070,950
2,151,555
1,713,916
---------
------------
------------
------------
Total funds carried forward
88,255
2,206,521
2,294,776
2,151,555
---------
------------
------------
------------
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
Leeds Chinese Christian Church
Company Limited by Guarantee
Statement of Financial Position
31 December 2024
2024
2023
Note
£
£
Fixed assets
Tangible fixed assets
14
1,923,040
1,781,940
Current assets
Debtors
15
24,271
32,163
Cash at bank and in hand
399,995
466,732
---------
---------
424,266
498,895
Creditors: amounts falling due within one year
16
52,530
129,280
---------
---------
Net current assets
371,736
369,615
------------
------------
Total assets less current liabilities
2,294,776
2,151,555
------------
------------
Net assets
2,294,776
2,151,555
------------
------------
Funds of the charity
Restricted funds
2,206,521
2,070,950
Unrestricted funds
88,255
80,605
------------
------------
Total charity funds
18
2,294,776
2,151,555
------------
------------
For the year ending 31 December 2024 the charity was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
These financial statements were approved by the board of trustees and authorised for issue on 2 March 2025 , and are signed on behalf of the board by:
Mr F B Mok
Trustee
Leeds Chinese Christian Church
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 December 2024
1. General information
The charity is a public benefit entity and a private company limited by guarantee, registered in England and Wales and a registered charity in England and Wales. The address of the registered office is 155 Kirkstall Road, Leeds, West Yorkshire, LS4 2AG.
2. Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Companies Act 2006.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
There are no material uncertainties about the charity's ability to continue.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Fund accounting
Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes. Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment. Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.
Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Freehold property
-
2% straight line
Fixtures and fittings
-
20% straight line
Motor vehicles
-
20% straight line
Building renovations
-
10% straight line
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.
Financial instruments
A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs. Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted. Debt instruments are subsequently measured at amortised cost. Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.
4. Limited by guarantee
Leeds Chinese Christian Church is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
5. Donations and legacies
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Donations
Offerings
162,560
172,237
334,797
Other donations and legacies
Gift aid
19,376
6,053
25,429
---------
---------
---------
181,936
178,290
360,226
---------
---------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Donations
Offerings
138,097
457,863
595,960
Other donations and legacies
Gift aid
22,353
11,508
33,861
---------
---------
---------
160,450
469,371
629,821
---------
---------
---------
6. Charitable activities
Restricted Funds
Total Funds 2024
Restricted Funds
Total Funds 2023
£
£
£
£
Chinese school income
9,145
9,145
7,730
7,730
-------
-------
-------
-------
7. Investment income
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Bank interest receivable
19
126
145
----
----
----
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Bank interest receivable
47
301
348
----
----
----
8. Expenditure on charitable activities by fund type
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Church
151,623
44,617
196,240
Chinese school
7,373
7,373
Support to missions
21,152
21,152
Support costs
1,530
1,530
---------
--------
---------
174,305
51,990
226,295
---------
--------
---------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Church
125,695
40,685
166,380
Chinese school
10,378
10,378
Support to missions
21,402
21,402
Support costs
2,100
2,100
---------
--------
---------
149,197
51,063
200,260
---------
--------
---------
9. Expenditure on charitable activities by activity type
Activities undertaken directly
Support costs
Total funds 2024
Total fund 2023
£
£
£
£
Church
196,240
196,240
166,380
Chinese school
7,373
7,373
10,378
Support to missions
21,152
21,152
21,402
Governance costs
1,530
1,530
2,100
---------
-------
---------
---------
224,765
1,530
226,295
200,260
---------
-------
---------
---------
10. Net income
Net income is stated after charging/(crediting):
2024
2023
£
£
Depreciation of tangible fixed assets
44,617
39,885
--------
--------
11. Independent examination fees
2024
2023
£
£
Fees payable to the independent examiner for:
Independent examination of the financial statements
1,530
1,500
-------
-------
12. Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
2024
2023
£
£
Wages and salaries
95,793
89,582
Employer contributions to pension plans
2,785
2,575
--------
--------
98,578
92,157
--------
--------
The average head count of employees during the year was 5 (2023: 7 ). The average number of full-time equivalent employees during the year is analysed as follows:
2024
2023
No.
No.
Charitable activities
3
5
Administration
2
2
----
----
5
7
----
----
No employee received employee benefits of more than £60,000 during the year (2023: Nil).
13. Trustee remuneration and expenses
No remuneration or other benefits from employment with the charity or a related entity were received by the trustees.
Honorarium payments, as permitted by the charity's governing document, were paid to the following trustees: Mrs Kim Chan, Dr Pong Lai, Ms Liz Chan £1,995. This is included in honorarium paid to internal speakers.
During the year the following trustees received the following amounts in respect of expenses incurred: Mrs Kim Chan, Pong Lai £2,301.
The payments were reimbursement of telephone and travel expenses.
The charity has purchased insurance for the trustees and officers of the charity against liability arising from any wrongful acts in relation to the charity.
14. Tangible fixed assets
Freehold property
Fixtures and fittings
Motor vehicles
Building renovations
Total
£
£
£
£
£
Cost
At 1 January 2024
1,916,992
28,813
9,050
88,235
2,043,090
Additions
180,063
5,654
185,717
------------
--------
-------
--------
------------
At 31 December 2024
2,097,055
34,467
9,050
88,235
2,228,807
------------
--------
-------
--------
------------
Depreciation
At 1 January 2024
141,232
22,633
9,050
88,235
261,150
Charge for the year
41,941
2,676
44,617
------------
--------
-------
--------
------------
At 31 December 2024
183,173
25,309
9,050
88,235
305,767
------------
--------
-------
--------
------------
Carrying amount
At 31 December 2024
1,913,882
9,158
1,923,040
------------
--------
-------
--------
------------
At 31 December 2023
1,775,760
6,180
1,781,940
------------
--------
-------
--------
------------
15. Debtors
2024
2023
£
£
Other debtors
24,271
32,163
--------
--------
16. Creditors: amounts falling due within one year
2024
2023
£
£
Accruals and deferred income
1,530
2,100
Other creditors
51,000
127,180
--------
---------
52,530
129,280
--------
---------
17. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £ 2,785 (2023: £ 2,575 ).
18. Analysis of charitable funds
Unrestricted funds
At 1 January 2024
Income
Expenditure
Transfers
At 31 December 2024
£
£
£
£
£
General funds
80,605
181,955
(174,305)
88,255
--------
---------
---------
----
--------
At 1 January 2023
Income
Expenditure
Transfers
At 31 December 2023
£
£
£
£
£
General funds
159,305
160,497
(149,197)
(90,000)
80,605
---------
---------
---------
--------
--------
Restricted funds
At 1 January 2024
Income
Expenditure
Transfers
At 31 December 2024
£
£
£
£
£
Building fund
2,065,028
178,416
(44,617)
2,198,827
Chinese school
3,360
9,145
(7,373)
5,132
Mr Burrows fund
2,562
2,562
------------
---------
--------
----
------------
2,070,950
187,561
(51,990)
2,206,521
------------
---------
--------
----
------------
At 1 January 2023
Income
Expenditure
Transfers
At 31 December 2023
£
£
£
£
£
Building fund
1,546,041
469,672
(40,685)
90,000
2,065,028
Chinese school
6,008
7,730
(10,378)
3,360
Mr Burrows fund
2,562
2,562
------------
---------
--------
--------
------------
1,554,611
477,402
(51,063)
90,000
2,070,950
------------
---------
--------
--------
------------
Building fund - a fund to finance the cost of a new church building
Chinese school - to fund the operation of Chinese language classes
Mr Burrows fund - to provide help to those wishing to study Theology in preparation for full time church ministry
19. Analysis of net assets between funds
Unrestricted Funds
Restricted Funds
Total Funds 2024
£
£
£
Tangible fixed assets
1,923,040
1,923,040
Current assets
89,785
334,481
424,266
Creditors less than 1 year
(1,530)
(51,000)
(52,530)
--------
------------
------------
Net assets
88,255
2,206,521
2,294,776
--------
------------
------------
Unrestricted Funds
Restricted Funds
Total Funds 2023
£
£
£
Tangible fixed assets
1,781,940
1,781,940
Current assets
82,705
416,190
498,895
Creditors less than 1 year
(2,100)
(127,180)
(129,280)
--------
------------
------------
Net assets
80,605
2,070,950
2,151,555
--------
------------
------------
20. Related parties
There have been no related party transactions during the period that require disclosure.