2021-07-31-accounts - Portsmouth Chinese Association

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PORTSMOUTH CHINESE ASSOCIATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2021

REGISTERED CHARITY NUMBER 1001230

PORTSMOUTH CHINESE ASSOCIATION

INDEX TO ACCOUNTS

ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2021

Page No

Examiner's Report

2-3 Annual Report 4 Statement of Financial Activities 5 Balance Sheet

6 Notes to the Accounts

EXAMINER'S REPORT

Independent Examiner's Report to the Trustees of Portsmouth Chinese Association

I report on the accounts of the Association for the year ended 31st July 2021, which are set out on pages 2 to 6.

Respective Responsibilities of Trustees and Examiner

As the charity's trustees you are responsible for the preparation of the accounts, you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) (b) of The Act, whether particular matter 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 Charity 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 of disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken 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 give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section41 of the Act; and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 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.

Gynch Shaw Maurice & Co Chartered Certified Accountants SPM House, Rear of No 2 Glenthome Road, Friern Barnet, London, NI 1 3HT

Date: ................................

PORTSMOUTH CHINESE ASSOCIATION

Annual Report for the Year to 31st July 2021

The Managing Committee presents their Report for the year

ended 31st July 2021 The members of the Managing

Committee during the year were:

Chairman	Mr AChoi
Vice-Chairman	Ms C C Yu
General Secretary	Miss S Y Lu
	Miss M H Yang
	Mr C Lai
Treasurer	Mr C Y LIM
Vice Treasurer	Mr C SLi
Monitor	MrKM Lai
Vice Monitor	Mr C H Ho
Chinese Education Head Teacher	Dr S Y Lai
Chinese School Vice Head Teacher	Ms ML Chow
Administrator	Ms L N Lee
Public Relation Officer	Mr Calvin Wong
Welfare Officer	Mr W S Yip
Vice Welfare Officer	Mr CSLi	MrT Y Lai
Women's Group Leader	Ms Z Zhang
Women's Group Vice Leader	Ms YY Chan
	MsW LChan	MsLNLee
Leisure & Recreation Leader	MrC Y Ho
Vice Leisure & Recreation Leader	MrW SYip

Managing Committee members are elected or appointed on an annual basis, with the officers being elected from membership of the Managing Committee.

The charity was established in and is registered with the Charity Commission, No 1001230. The charity's address is 208 Kingston Road, Portsmouth, Hampshire.

PORTSMOUTH CHINESE ASSOCIATION

Object, Organisation and Activities

The charity is established to promote the benefit of the inhabitants of the City of Portsmouth and its immediate neighbourhood and in particular its ethnic Chinese population without distinction of sex or of political religious or other opinions by associating the local authorities voluntary organisations and inhabitants in a common effort to advance education to give financial support to the poor and needy and to provide facilities in the interests of social welfare for recreation and leisure time occupation with the object of improving the conditions of life for the said inhabitants.

To advance the education of the people of the City of Portsmouth and its immediate neighbourhood concerning China, its people, history, language and literature, its institutions, folklore and culture and its intellectual, artistic and economic life.

Review of Progress and Achievements

The association organised outings and festivals during the year which were very successful and enjoyable for the members. The activities include celebration for fund raising for Chinese New Year Celebration, International Women day, Children & Teenages Activities, X'mas Party, Spring Festival Party and other celebrations held for National Day Party etc.

Finances

The attached financial statements show the current state of the finance which the Committee considers to be sound

The charity's bankers are HSBC and Barclays Bank in Portsmouth.

The Independent Examiner is Mr G Mungur (FCCA) of Rear of No 2, Glenthome Road Friern Barnet, London, NI 1 3HT

PORTSMOUTH CHINESE ASSOCIATION

Statement of Financial Activities for the Year to 31 July 2021

Income Memberships Fees Donations Grants School Fees Recreation Revenue Bank Deposit Interest Voluntary Worker's Contribution Refund Expenses Tuition Fees Printing, Postage and Stationery Travelling Sundry Expenses Recreation Expenses Accountancy Fees Freehold Running Expenses Hall Hire Donations and Gifts Repairs and Renewals Member's Meeting Expenses Membership Fees Loss on Furniture & Fittings Revaluation Refund School Fee/or contra Net (Expenditure}/lncome For the Year Fund B/fwd Fund C/fwd	2021 £ 0 1120 40941 16761 3485 5850 0 1326 69,483 9,824 1,196 198 417 149 0 3,227 0 735 0 0 200 339 6,659 22.942 46,541 193,705 240.246	2020 £ 600 10466 0 30847 197 0 0 1632 43,742 11,511 2,2024 0 232 33 456 3,830 4,032 6,686 0 0 0 377 0 29.180 14,562 179,143 193,705

PORTSMOUTH CHINESE ASSOCIATION

Balance Sheet as at 31 July 2021

2021 £ Fixed Assets Freehold Property 95,233 Free Extention 67,882 Furniture and Fittings 3,055 Current Assets Bank Deposit Account Bank Current Account 73,714 Cash in Hand 1,730 75,444 Current Liabilities Sundry Creditors 1,368 Net Current Assets Net Assets Represented by Association Reserves Balance b/fwd (Deficit}/Surplus Balance c/fwd	£ 2020 £ 95,233 67,882 3,394 166,170 27,454 1,110 28,564 1,368 74,076 240,246 193,705 46,541 240,246	£ 166,509 27,196 193,705
		179,143 14,562 193,705

Date

For and on Behalf of the Managing Committee

PORTSMOUTH CHINESE ASSOCIATION

Notes to the Accounts for the Year to 31 July 2021

1 Accounting Policies

General

These Accounts Have been prepared under the historic cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on accounting by Charities.

Depreciation

Depreciation has been provided at 10% on written down value.

2 Fixed Assets

Freehold Furniture Extention & Fittings Total £ £ £ 67,882 41,279 204,394 0 0 67,882 41,279 204,394 37,885 37,885 339 339 38,224 38,224 67,882 3,055 166,170 67,882 3,394 166,509	Freehold Furniture Extention & Fittings Total £ £ £ 67,882 41,279 204,394 0 0 67,882 41,279 204,394 37,885 37,885 339 339 38,224 38,224 67,882 3,055 166,170 67,882 3,394 166,509	Freehold Furniture Extention & Fittings Total £ £ £ 67,882 41,279 204,394 0 0 67,882 41,279 204,394 37,885 37,885 339 339 38,224 38,224 67,882 3,055 166,170 67,882 3,394 166,509

67,882 67,882	38,224 3,055 3,394
		166,170 166,509

3 Management and Administration of the Charity

2021 2020 456 Independent Examination Fee 456