## 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 

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 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** 

1 



## **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. 

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

**3** 



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•￿A￿s•t
current
89￿00
89.438
1.730
Cash in hand
ount5 rc(•vable
Prepaid
Sh￿t-1￿M investrnerhts
Tofal currenta55ets
S9￿00
91,168
Flxed fLo#trT•rmlAssets
Pierhold piopvty
FreeExtention
95.?33
67082
2.445
95.233
67.882
2.750
Iièss a£Cumulated deproclallonTr
tan8ibl*a55ots
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•$
￿n￿rI￿ revenue
1,368
Currqnt pvition ol lon8.lwrn dqbt
¢wrfeftt litsbplltles
1,368
Lorttr7•rm Lltsblltl•s
Lonu-twffl d•bt
ToiL¥I loft*tErmliobilltles
Oiwil*r* Eqvlty
s in¥e5tmffnt
R*lain*d *arni
Ot
5 ry4Jity
Total LIablI￿leS 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•btQo*qulty 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 ful￿s.
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. 

**6**