## **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
1. 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 A**Choi||
|---|---|---|
|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 M**L 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.
2
## **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
3
## **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|
|---|---|---|
4
## **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
5
## **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**
||Used by the charity
Freehold
Property
£
Cost
As at 1st August 2020
95,233
Additions
As at 31st July 2019
95,233
Depreciation/Revaluation
As at 1st August 2020
Charge for the year
As at 31st July 2021
Net Book Value
As at 31st July 2021
As at 31st July 2020|Used by the charity
Freehold
Property
£
Cost
As at 1st August 2020
95,233
Additions
As at 31st July 2019
95,233
Depreciation/Revaluation
As at 1st August 2020
Charge for the year
As at 31st July 2021
Net Book Value
As at 31st July 2021
As at 31st July 2020|Used by the charity
Freehold
Property
£
Cost
As at 1st August 2020
95,233
Additions
As at 31st July 2019
95,233
Depreciation/Revaluation
As at 1st August 2020
Charge for the year
As at 31st July 2021
Net Book Value
As at 31st July 2021
As at 31st July 2020|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|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
6