2024-07-31-accounts

PORTSMOUTH CHINESE ASSOCIATION FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

REGISTERED CHARITY NUMBER 1001230

PORTSMOUTH CHINESE ASSOCIATION

INDEX TO ACCOUNTS

ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024

PageNo

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 2024, 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 26/03/2025

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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.

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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

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PORTSMOUTH CHINESE ASSOCIATION Statement of Financial Activities for th 2024 2023 Income Membershi ps Fees Donations 1,160 3,750 1,155 7,925 Grants School Fees Recreation Revenue Bank Deposit Interest Voluntary Worker's Contribution Refund Rent Income Collection Other Cash received 30,423 4,312 27,055 4,421 442 8,250 9,0(X) 2,018 345 48,239 52,016 Expenses Tuition Fees 11,910 3,153 11,768 1,252 Pri nting, Postage and Stationery Travelling Sundry Expense5 Rècreation Expenses Accountancy Fees Freehold Running Expenses Rent Payment Donations and Gifts Repairsand Renewa15 Member's Meeting Expenses Membership Fees Loss on Furniture & Fitti ngs Revaluation Refund School Feelor contra Insurance 1,143 9,157 207 S,559 13,230 30 4,360 1,502 9,361 1,374 11,887 12,163 4C 779 305 305 567 1,787 180 194 1,610 164 Bank Charges write off previous balance 362 53,121 51,590 IExper)diturelllncome For Iheyear Fund 251,209 254,560

PORTSMOUTH CHINESE ASSOCIATION Balancesheet as at 31 July 2024 AsseLs 2024 2023 Current AssÈts bank current Account Cash in hand 85.609 345 89.000 AccoLJnts recei vable I nvf.ntory Prepaid expenses Shart-term I nvestmants rct£FI current a55etS 85.954 89.000 FAxed (LonTérm) Assets Freehold praperty Free Extenti on 95.233 67.882 2.140 95.233 67.882 2.445 Furniture & Fittin8 (Less accumulated d8preclatlon} tan8iblea5sets rotol fixed a55et5 165.255 165.560 oth•r Assets Deferred i ncome tax Other ratal Other Total Assets 251.209 254.560 Lial)iliLies and C)wnpr'% LqLJiI.y Curr•nt Litibilitles Accounts payabl 5hort-term l oa ns Income taxe5 payable Accrued salaries and wages Unea rned revenue Current portion of lons-term debt Total current Ilabili tle5 LonT•rm Llobllltl•s Lorb8-term d eb t Deferred I ntume tax other rotol long-term liabili tie5 Own•r $ E4uItv Owner'5 i nve5trnent Reta i ned ea rni n8S Ottr)er Total owner'5 equit Total Liabilities and Owner's Eouitv C_-nmmc)n Financ.ial Ilat.in_ Debt Ratio (Total Liabilitie5 /Total A55etsl Current Rat•0 (Cu rrent As5et5 / Cu rrent Li a b i l i ti es } WorkSn8 Capital ICurr8nt A5 s Ét5 Current Llabllltles} Assets-to-Eg uity Ratio (Tota l A55 ets / Owner's Eq ui tyl Debt-to-EgUlty Ratio (Tota l Li a bi l i tie5 / Owner'5 Equi ty} 0.00 0.00 85,954 89.000 I c)Lal Net". Asspt { Liability) Z51.Z09 Z54.560 Balance b/fwd Profit and loss aLLOi￿t. Shareholders funds= 255,665 3,351 251.209 1,105 254.560

PORTSMOUTH CHINESE ASSOCIATION

Notes to the Accounts for the Year to 31 July 2024

• 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

		2024	2023
Independent Examination	Fee	0	0

Note: Independent Examination Fee is free for the Charity.

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