OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2022-07-31-accounts

PORTSMOUTH CHINESE ASSOCIATION

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2022

REGISTERED CHARITY NUMBER 1001230

PORTSMOUTH CHINESE ASSOCIATION

INDEX TO ACCOUNTS

ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2022

Page No

  1. Examiner's Report

  2. 2-3 Annual Report

  3. Statement of Financial Activities

  4. Balance Sheet

  5. 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 2022, 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, Friem Barnet, London, NI 1 3HT

Date ………………………….

PORTSMOUTH CHINESE ASSOCIATION

Annual Report for the Year to 31st July 2022

The Managing Committee presents their Report for the year ended 31st July 2022.

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 S Li
Monitor
 Mr K M 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 CS Li MrT Y Lai
Women's Group Leader Women's Group Vice Leader
Ms Z Zhang
Ms YY Chan
Leisure & Recreation Leader Vice Leisure & MsW LChan
Recreation Leader MrC Y Ho
MrW SYip		 Ms LNLee

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 2022

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
Bank Charges
Net (Expenditure}/lncome For the Year
Fund B/fwd
Fund C/fwd
 2022
£
1200
2320
1200
35345
4096
7500
0
320
51,982
11,080
1,556
2,416
203
120
0
4,224
0
320
15,675
0
200
305
385
79
36,563
15,419
240.246
255,665		 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
0
22,942
46,541
193,705
240,246

4

PORTSMOUTH CHINESE ASSOCIATION

Balance Sheet as at 31 July 2022

2022
£
Fixed Assets
Freehold Property
95,233
Free Extention
67,882
Furniture and Fittings
2,750
Current Assets
Bank Current Account
89,438
Cash in Hand
1,730
91,168
Current Liabilities
Sundry Creditors
1,368
Net Current Assets

Net Assets
Represented by
Association Reserves
Balance b/fwd
(Deficit}/Surplus
Balance c/fwd
2021
£
£
95,233
67,882
3,055
165,865
73,714
1,730
75,444
1,368
89,800
255,665
240,246
15,419
255,665		 £
166,170
74,076
240,246		 £
166,170
74,076
240,246
193,705
46,541
240,246

----- Start of picture text -----
Date
----- End of picture text -----

For and on Behalf of the Managing Committee

5

PORTSMOUTH CHINESE ASSOCIATION

Notes to the Accounts for the Year to 31 July 2022

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.

Fixed Assets
Used by the charity
Freehold
Property
£
Cost
As at 1st August 2021
95,233
Additions
As at 31st July 2022
95,233
Depreciation/Revaluation
As at 1st August 2021
Charge for the year
As at 31st July 2022		 Freehold Furniture
Extention & Fittings
Total
£
£
£
67,882
41,279
204,394
0
0
67,882
41,279
204,394
38,224
38,224
305
305
38,529
38,529
Net Book Value
As at 31st July 2022
As at 31st July 2021
Management and Administration of the Charity
Independent Examination Fee		 67,882
67,882
2022
456		 2,750
3,055
2021
456		 166,170

166,509

3 Management and Administration of the Charity

6