2023-07-31-accounts - Portsmouth Chinese Association

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PORTSMOUTH CHINESE ASSOCIATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

REGISTERED CHARITY NUMBER 1001230

PORTSMOUTH CHINESE ASSOCIATION

INDEX TO ACCOUNTS

ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2023

PageNo

Examiner's Report
2-3 Annual Report
Statement of Financial Activities
Balance Sheet
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 2023, 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 section 41 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.

JS Accounting Consultant Limited Chartered Certified Accountants 188A West Street , Fareham Hampshire

PO16 0HP

Date 24/03/2025

PORTSMOUTH CHINESE ASSOCIATION

Annual ReportfortheYearto31stJuly 2023

The Managing Committee presents their Report for the year ended 31st July 2023.

The members of the Managing Committee during the year were:

Chairman Mr A Choi First Vice-Chairman / Chinese Education Head Teacher Ms S Y Lu Vice-Chairman / Dance Group Leader Ms Z Zhang Vice-Chairman Mr Z R Lin Treasurer Ms M H Yang Women's Group Leader / Senior Lunch Group Admin Ms J Z Lai Vice Secretary Mr Y W Lin Chinese Education Vice Head Teacher Ms M L Zhou Vice Welfare Officer Ms G Z He Leisure & Recreation Leader / SeniorLunchGroupAdmin MrJYHe Chinese Education Vice Head Teacher/Vice Treasurer Mr J X Li Women's Group Vice Leader Ms Y Y Chen Women's Group Vice Leader / SeniorLunchGroupAdmin Ms HFLiu Leisure & Recreation Vice Leader Mr G X Lin Welfare Officer Ms F M Zeng Dance Group Vice Leader Ms J H Qin Chinese School Admin Ms L N Li Chinese School Admin / SeniorLunchGroupAdmin Mr C S Li

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 Mrs Jing Jing Song FCCA, JS Accounting consultant Limited at 188A West Street,Fareham, PO16 0HP

MOUTH CHINESEASSOCIATlON Statement of Financial Activities for the Year to 31 July 2023 2023 2022 Income Mernber5hi t)on3tions Grants School Fees Recreation Aevenue Bank Deposit Interest Vol uniary Wother's Contributson Refund s Fee5 1.155 7,925 2,320 1,2(X) 35,345 4,(P36 27,C65 4,421 442 320 Rent Income Colleclion 2,018 51016 51,981 Expenses Tuition Fees Printing, Postage and Stationery 11,768 L252 Ii,OBO 1,556 2,416 203 120 Sundry Expenses Recreation Expenses Accountanry Fees Freehold Runnin Rent Payment Donations and Gifts Repairs and Renewals Member's Meetin mbership Fees Loss on Furniture & Fittings Revaluation Refund Sthool Fee/or cofitra Insurance Bank Cha Write Off Previou5 Balance 9,361 1,374 I1,7 12,163 enses 4,224 320 15,675 779 ense5 2(X) 305 385 )5 L610 164 es 79 362 53,Ui 563 Net Bil Fund 254.560 255.665

PORTSMOUTH CHINESE ASSOCIATION Balance Shèet as at 31 July 2023 A55e.t% 2Q23 2022 Curr•As•t current 8900 89.438 1.730 Cash in hand ount5 rc(•vable Prepaid Sht-1M investrnerhts Tofal currenta55ets S900 91,168 Flxed fLo#trT•rmlAssets Pierhold piopvty FreeExtention 95.?33 67082 2.445 95.233 67.882 2.750 Iièss a£Cumulated deproclallonTr tan8ibla55ots Toi(plfiA¢¢J 45S¢ts 165.560 165.865 Oth Tolol Other A55ets Total Assets 2S4,560 257,033 Liabllltles and nwnpr's Loijily CLWnts payabl• Shori-lwm loans IncLTrmtaxe5 payabl• tu¢d salaries and wa8•$ nrI revenue 1,368 Currqnt pvition ol lon8.lwrn dqbt ¢wrfeftt litsbplltles 1,368 Lorttr7•rm Lltsblltl•s Lonu-twffl d•bt ToiL¥I lofttErmliobilltles Oiwilr Eqvlty s in¥e5tmffnt Rlaind arni Ot 5 ry4Jity Total LIablIleS and Owner'5 Equltv 1.368 Common Flnanclal Ratios D+bt Ratio ITotal Liabiliti l Total sets> CurrÈnt Ratio (Current Asset5 1(yrtEht Liobilities) WorkJns Capffjtal Icuirent A55Qt5-Curient knabiltltQ5) Assttkto4gvrty P•tiO rfotal AF5et5 1 Owny'5 Eqvity? D•btQoqulty R*lo (Total Llablllllos } Ownor's Equltyl 0.00 o.oi 000 66.6d 89J)00 89,800 c)lal Npl A.q4gl l Liahililvl 254,560 255,665 Ba]ance b,'fii'd Protil and loss acc04Jnt". SknRYholders fuls. 255,665 240.246 15.419 155.665 154.560

PORTSMOUTH CHINESE ASSOCIATION

Notes to the Accounts for the Year to 31 July 2023

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

3 Management andAdministrationof the Charity

		2023	2022
Independent Examination	Fee	0	456

Note: Independent Examination Fee is free for the Charity.