Company Registration Number- 2446695 The Charity Registration Number is 1001288 Chinese Wellbeing Report and Accounts 31 March 2024
Chinese Wellbelng Report and accounts for the year ended 31 March 2024 Contents Page Charlty information Trustees. Annual Report Statement of dlrectors, responsibilities Indep•ndent Examiner's Report 11 12 Funds Statements... Slalement of Financial Activities Slalement of Financial Activities - Prior Year statement Movements in funds Income and Expenditure account 14 15 16 17 Balanco sheet Notes to Ih? accounts 18 19
Chinese Wellbeing Company Registration Number- 2446695 Trustees, Annual Report for the year ended 31 March 2024 The Trustees present their annual report and accounts for the year ended 31 March 2024. As wilh last year we would like to record our gratitude to those organisations who provided both financial and non-financial support during the year. These include.. Postcode Neighbourhood Trust Lloyds Bank Foundation England and Wales Liverpool Cily Council PH Holt NHS Liverpool Clinical Commissioning Group Independenl Age Central Liverpool PCN Pine Court Housing Association Heallhwatch (Liverpool) Merseycare NHS NIHR Clinical Research Network We continue to use our reach into the Chlnese community for various engagemenl exercises for external agencies and to support housing a5socialions. Our unique ability lo engage with the Chinese communily for health and wallbéing issues is a slrenglh which we continually strive to develop In an effort to remain sustainable. Chairfs Overview A year of successes as well as challenges. Through the efforts of our dedicated staff. we have maintained high qualily services through the Evergieen Wellbeing Club, Tea House Reminiscence@ILiverpool Chinese Dementia Nelwork, Liverpool City Council Community Champion -Phase 3, the extended Greenspace PTojecl, Independent Age.. Cost of Living Support Programme and NIHR Clinical Research Network. However, we have had lo withdraw from the delivery of Domiciliary Care and Respite Services. This was not a matter of choice,. the much publicised crisis in Social Care funding meant that the City Council was unable lo pay a viable rate for the provision of thesè servicès. This has beèn an ongoing problem over a number of years but with the steep increases in costs associated with national and global events post 2020, Chinese Wellbeing was faced with increased costs well abov8 ils ability lo fund the gap belween incorne and oulgoings despite our rigorous approach lo cosl efficiency. There comes a point al which there is nothing left lo cul. The shortfall which we were needing to fund was approaching £10.000 per month. The trustees, decision to pull out of the provision of these services was a very difficult one, particularly since we believe Ihal support given to our clients kept them out of publicly funded health care and residential care al a fraction of Ihe cost that would have to be borne by the public purse had they been in publicly funded healthcare and residential rare institutions. Arbd of course, Ihe elderly people also had a better quality of life benefilting from culturally and linguistically appropriate supporl, keeping them mentalty engaged and physically more aclive. We were also mindful of the loss of our cohort of well trained and commitled homecare staff, The process of withdrawing from the delivery of these services was complicated by internal difficulties faced by the City Council, bul we believe thal in the end our pullback was implemented professionally and with the quality that earned us our 'outstanding' status from our Care Quality Commission reviews. It has nevertheless been a bitter pill to swallow.
Chinese Wellbeing Company Regislfalion Number- 2446695 Trustees. Annual Report for the year ended 31 March 2024 The 'fallback' position was Ihat this care would move to a system of 'direcl p8yments' where thè responsibility lo source. employ and manag8 the care providers would fall directly onlo the elderly and their relatives or friends. We anlicipale there being difficullies managing things like sickness sland-ins and cover when care givers relum to China for example to fulfil family obligations there. Unfortunataly, Chinese Wellbeing will not be in a position to provide direct support. NOlIh5tarndlng these difficultie5, Trustees are determined lo continue to apply the wealth of experience and Ihè brand status in support of the Chinese community in other ways, and build on the projects and active collaborations that we have in hand. 11 only rèmains for me to acknowledge the support that we have had from funding partners and collaboTalors, and lo thank them all. I'd also like lo thank my fellow trustees and Ihose who have agreed lo act as board advisors to help bring in new energies and ideas. Andy Green Reference and administrative details The charity name. The legal name of Ihe charity is:. Chinese Wellbeing, The charity is also known by ils operatir)g name, Chinese Wellbelng. The charity's areas operation and UK charitable registration. The charity is registered in England & Wales with the Charity Commission in England & Wales (CCEW) wilh charity number 1001288. The charity does not operate in any overseas jurisdictions. Legal structure of the Charity The charlty Is conslltuled as a Company 1Smited by guarantee, registered under the Companies Acts The governing document of the charity is the Memorandum and Articles ol Association establishing the company under company legislation. The governing document is dated 27 November 198g There are no restrictions in the governing documents on the operation of the Charity or on ils investment powers other than those imposed by Charity Law. By operation of law all. truslees are directors under the Companies Act 2006 and all diroclors are Ifustees under Charitl8s legislation and havo responsibilities, as such, under l)oth company and charity legislation. The trustees are all individuals.
Chinese Wellbeing Company Registralion Number- 2446695 Trustees. Annual Report for the year ended 31 March 2024 The prlnclpal operating address, telephone number, email and web addresses of the ¢harlty aro'.- 85-86 Staten Court Tradewind Square, East village, Duke Streel Liverpool, L15BG Telephone 0151 709 2843 Email Address info@chinesewellbeing.co.uk Web address vMv.Chines8wellbeing.co.uk The registerèd office of the charity for Compani8s Act purposes is the same as the operaling address shown above. The Trustge$ In offlce on the date the report was approvèd wère:. Mr Andrew Michael Green Mr5 Polly Yee-Ling Green Dr Simon Siu Man Kan Mr Oscar Ip Mrs Helen Owen Mr James Crook Mr Stephen Wong Mr Kai Kwong Simon Wong The following persons served as Trustees durlng the year ended 31 March 2024 :. The truslees who served as a trustee in the reporting period were as shown above, and there were no Changes during the year, or in the period befvleen the year end and the spproval of the accounts. All the truslees are also members of the charity.
Chinese Wellbeing Company Registration Number - 2446695 Trustees, Annual Report for the year ended 31 March 2024 Objects and aGtivities of the charity The purposes of the charity as set out in its governing document. The objectlV6s of the charity are sel out in the Memorandum of Association of 27th November 1989 as amended by the Exlraordinary General Meeting of 5th November 1990, and incorporated in the Companies Act 2006 compliant revision of the Memorandum and Articles of Chinese Wellbein9 of 2015. They are.. 1. to promote the education of people in the principles and practice of good cilizenship and setvice to Ihe ommunity 2. to promote and provide soGial services of a charitable nature foT the benefit primarily but not 8xclusively of Chinese persons resident within the area with the objective of Improving the conditions of life of the persons to whom such SeICe5 are provided 3. to advance the education of unemployed persons, in pariicular Ih05e of Chinese origins, who are in need of assistance by providing them with vocational Iraining The main activities undertaken in relation to those purposes durlng the year. Chinese Wellbeing deliver8 a suite of services that aim to= Enable independent living. Promote physical, menlal, social and economic well-being. Support community involvement. Enable a better route for community engagement. Advocale on behalf of our clients- and help them develop and use their own voices. Provide information to di8nts and about the needs of our client, lo Governm8nl, local agencies and the community al largè. Ensuring that the Work of the Organisalion Delivers our Aims The activities of Chinese Wellbeing are built around our experience and understanding of the spe¢ifi¢ needs of our clienls which are driven by the following characleristics.. Reluctan on the part of many in the community to sèek help due lo social stigma and lack of undeislanding about how the system works and what services are available. Problems in accessing and beneficially using mainstream services because of language difficulties and cullural barriers. A lack of knowledge and ski115 in self-care and self-support, particularly in the areas of mental health and preventing and managing chronic diseases. Social isolation due lo language difficullies and disabililies, particularly amongsl older people and those with learning difficullies and Iheir carers. A lack of support and confidence to venture out of the'chinese Cornfort Zone 'and become Involved in wider community activities. To address these issues Chinese Wellbeing acts as a facililalor and conduit belween its Service Users and their extended families and mainslream care services. We have continued to hold presentations, awareness sessions and consultation events with partneis lo educate the community in areas of health and wellb6ing which have previously been difficull to access.
Chinese Wellbeing Company Registration Number - 2446695 Trustees, Annual Report for the year ended 31 March 2024 The main activities undertaken during the year to further tho charity s purpose for the public benefit. How our Activities Deliver Public Benefit. The activities of Chinese Wellbeing provide public benefit directly through the support that it gives to ils clients. but it also provides public benefil by providing a link between the Chinese community and other agencies so Ihat they can fulfil their obligations more cost effectively and inclLJSiV81y. All thè activities that Chinese Wellbeing carries out are of a social or charitable nature, undertaken lo further the charilable objectives of the organisation which are set out above. Who has Used and Benefited from our ServirKs? Chinese Wellbeing provides Services for Ihe benefit primarily but not exclusively of Chinese people residenl within the area of Merseyside and the Liverpool City Region. The direcl beneficiaries of Chines6 Wellbèing's aclivilies ar8 primarily those who consider themselves to be Chinese, bul we also provide services to people who are not Chinese but are in need of support and are happy lo receive that support from Chines8 Wellbeing. For the year ending March 2024. Chinese Wellbeing had regular contacl with over 200 Servi users re1VIng Domiciliary Care, Personal Wellbeing Services, Independent Age Cosl of Living Support or using Evergreen Vvellbeing Club. The maiorily of direct service users are elderly and of Chinese origin, with an age range between 40 and 100 years. The gender b81ance of beneficiaries receiving personal care and support continues to remain approximately equal, while the beneficiari8s using the club services were predominantly female. Generally, most seNic6 users live 81one, speak little English and live wilh a r8nge of chronic illnesses and disabili1Ses. Our long experience and wide knoedge of the Chinese Community enables u8 to support olher agencies and disseminate clear information for the local 8Uthorilies, the NHS, Central Government, Regislered Social Landlords and other charities. The Iruslees have had regard to th8 Charity Commission's guidance on public benefit in managing ihe activities of the charity. The short term and longer term aims and objectives. -continue to develop Health and Wellbeing aclivilies. Continue to explore commercial opportunities lo generate revenue either as a one off project or preferably in a more sustainable seNice offering. -we will consid6r all opportunities to apply our expertise across a wder geography, We will continue to work towards securing dedicaled and cuslomised spaGe to enable our a¢livllles to be belter provided and more easily accessed by our clienls. -we will seek to improve collaborativè working with agencies with which we rnighl have synergies. -we will seek to develop successful services such as Tea House RemInisnCe>, Personal Wellbeing Service and Evergreen Wellbeing Club -Invest in training and recruitment.
Chinese Wellbeing Company Registration Number- 2446695 Trustees, Annual Report for the year 8nd8d 31 March 2024 The main achievemenls and performance of the charity during tha year. What Services and Aclivit16s werè provided? Services are delivered through the following key activities.. Domioliary Care and Respile SeNices We have for many yéars provided personal care and support that is responsive and sènsitive lo the language and cultural needs of those who are elderly and IDr with disabilitie8 and living al home or in other types of housing. By doing so we have helped Ihe local authority fulfil ils Slalulory requirements lo consider these issues when delivering care services, and we believe that we have also reduced costs lo the public purse by keeping people OLrt of publicly funded medic81 and residential faeililies for longer as well as giving the elderly beller quality of life. Bilingual 61aff and cultural awarenes6 ensured a specialised service which is not available elsewhere locally. However. despite Chinese Wellbeing having managed its finances and costs with extreme prudence, for many years, the hourly rate paid by the Local Authority has been insufficient to meet Ihe fvll cost of Care. That has meant Ihal Chinese Wellb&ing has had to subsidise the delivery of the service through fundraising and through our reserves. As a specialist provider, we are laced with some costs that major generic providers do not have, and also we do not have the economios of scale enjoy8d by tho larger providers. All providers have faced significantly increased costs, and with no uplift in the hourly rale offeTed, lo properly reflect for example the National Living Wage, Ihe gap belwe8n income and cost of service delivery has now become far too great to bridg8- despite very strenuous efforts lo keep costs as low as possiblè and seek other funding wherever possible. The Trustees key responsibility is for financial prudence and therefore they look the difficult de¢i8ion to withdraw from home care. Nolice of withdrawal from the service was given to the Local Authorily as early as July 2023 but a failure lo find alternative providers meant that seNice users were not fully transferrèd to 8lt&rnalive car8 until 1 sl March 2024. This also resulted in a number of redundancies in the Home Care Assist8nts team and a fundamental rethink of the scale, slructure and 8¢livilies of Chinese Wellbeing. Personal Wellbeing Servicé This is a service introduced in April 2013 to replace the Supported Living Service which was de-commissioned by Liverpool City Council in March 2013. The service provid8s non-regulal8d activity via a Personal Assistant to support the service user lo sustain an independent life style whilst still living at home and Is chargeable,
Chinese Wellbeing Company Registration Number- 2446695 Trustees, Annual Report for the year ended 31 March 2024 Evergreen Wellbeing Club The year gol off lo a good start when we were presented with an award for'Greal and Valuable Services to the Community. presented by The High Shèriff of Merseyside, Lesley Martin-wright. This was following a visil to the Club lo see and hear first-hand about Ihe positive impact our ac-tivities and support has on the lives of the elderly and vulnerable. We were also pleased to welcome tha Lord Lieutenant of Merseyside Mr Mark 81undell who was entertained by our members singing some of their favourile songs and had the chance to view member's latest art works. The 'Healthy Life style sessions. included talks on cancer Screening, vaccinations, lung cancer, NEA energy saving, Marie Curie End of Life lalk, demenlia, brain health, NIHR Clinical Research NeOrk importance of health research, online scams, Lasting Power of Atlorney's and Wills. EveTgreen continued ils, activities throughout the year both face to face and online which include singing, British Gymnastics Foundation Love lo Move exercise programme, Pom-pom dancing, Nordic Walking, cookery, arts and craft sessions which keep people connected and stimulated. These sessions are very popular and attendance figures maintained high levels with members showing off some real artistic and creative lalenls. Our Ghoir has grown in number and during the year performed lo an audience at Ihe Garden Thealre in Calderstones Park for Heritage Day which brought people together lo celebrate their herit-age, community and history. In March. members performed at the Liverpool Dementia Action Alliance Dementia Inforniation Day held at the Central Library. We have continued lo run a Tablet Loan Scheme originally funded through TNL Power lo Change. We have been able to offer data lime for those without interrtel conneclivily thanks to Vodafone 8nd technic81 support lo enable elderly members to join our online activities and re connect wilh friends. Birthday and seasonal events such a5 Christmas and Chinese New Year are important to our Club members and the community in genersl. Special thanks to Ihe Mayflower Reslauranl for hosting this year's Chinese New Year celebratlons. Evergreen Club outputs lor the year.. 1 April 2023- 31 March 2024 Tolal number of online and face lo face sessions,, 140 Tolal attendances.. 2484 Total weekly InteentiOnS i.e. telephone calls, texls, door slep visits, emergency shopping trips, vaccination registrations, help with a¢cesslng the Inleinet, medlcalion collections.. 5,533 NHS Health & Wellbeing Dementia Project Tea Hous8 Reminiscence@ILiverpool Chinese Dementia Neork During the period we were pleased lo have been able lo continue our monlhly Tea House Reminis-cence@ and lo further develop our pre and post diagnosti¢ support services including our Chinese Dementia Support Network. Demand for our services continues Io grow which is testament to the hard work of our bilingual Dernenlia Champions, Angel and Maggie in raising awarenéss of dementia and their efforts in reducing the social stigma which exisls within the community. The Neork is open to anyone who has memory problems or who has received a recent diagnosis and their family carers. Since commencing the serviGes, we have re- established our partnership workin9 Wlth NHS Mersey Care and the Dementia Care Navigator leam and have collaborated on a culturally appropriate post diagnostic support prograrnme in Cantonese delivered over 7 sessions wilh Ihe support of our Dementia Champions. Tea House is a registered brand. and is open lo anyone over the age of 55 years bul particularly aimed al those living with dementia, or al risk of dementia and their family carers. It is a means of helping those with dementia and other memory problems.11 provides a safe and memory.rich environment aimed al slimulaling participants through a varied activily programme.
Chinese Wellbeing Company Regislration Number- 2446695 Trustees. Annual Report for the year ended 31 March 2024 Liverpool City Council Communily Champion-Phase 3 Th6 Community Champions {CCs) leam was originally set up by Liverpool City Council to support community based programmes to lackle Covid 19. vaccination information, vaccine uptake and lo engage with disproportionally impacted communities. During Phas8 3 of the projecl, the focus of this work as directed by Liverpool Public Health was on childh¢)od immunisations and vaccinations, cancer and mental health. Health talks during the year included cancer screening and awar8ness supported by Central Liverpool PCN and North Wesl Cancer Research. Our Communily Champion helped to facilitate even16 SUPPOrting menlal heallh and wellbeing. In collaboration with Cheshire & Wirral Partnership NHS Foundation Trust we arranged for the NHS Livewell Bus lo be situated al the Chung Wah Super.maikel in June 8nd October. Chinese Wellbeing slaff team provided language support. The aim was to provide easy aGce58 to Covid-19 vaccines and physical health checks. These events were a succes5 reporting a maximum lurnoul. Many thanks lo Chung Wah Supermarket for supporting these events. Greenspace Project- extended project Funded through the Green Recovery Ch811eng8 Fund-conn8cling people back to nalure, led by Mersey Forest in partnership with LCC, NHS, LJMU, Cheshire Wildlife Trusl and the PATh Foundation. The Project provided Ihe opportunity for Club members to explore new local green spaces. Members of the slaff l&am undertook the necessary training and we were able lo introduce Nordic Walking. with the appropriate equipment, which gave members the opportunily lo learn new techniques and skills lo promote and maintain fitness levels. This was extremely popular with members Teporting feeling more active and socially connected. Independent Age.. Cosl of Living Support Programme Enables us to provide support lo the over 65,$ to 8ccess welfare benefits and other cost of living initiatives such as energy savings and the Household Voucher Support Scheme. NIHR Clinical Research Network- 5 slaff members received training as Community Research Champions lo help raise awareness within the community of the importance of engaging in health research. An NIHR funded community event was held in March and provided the opporiunity to launch the initiative and Introduce the Champions. Plans for the Future Continue lo develop Health and Wellbelng a¢lSvllies. Continue lo explore commercial opporlunities to generate revenue either as a one off prolect or prefrrably in a morè sustainable service offering. We will consider all opportunilies to apply our expertise across a widèr geography. We will continue to work towards securing dedicated and customised space to enable our activities lo be better provided and more easily accessed by our clients. We will seek to improve collaborative working with agencies with which we might have synergies. We will seek to develop successful services such as Tea House Reminiscenc, Demenlia Support NeOrk, Personal Wellbeing Service and Evergreen Club, Invesl in training and recruitment.
Chinese Wellbeing Company Registration Number- 2446695 Trustees, Annual Report for the year ended 31 March 2024 Structure, governance and management of the charity The methods used to recruit and appolnt new charlty trustees. Governance and Slruclure. Chinese Wèllbeing is a company limited by guarantee and a registered charity. Membership of the organisation is open only lo the Trustees and the business of Chinese Wellbeing is managed by the Trustees, who meet regularly as a Board. The trustees, act on a voluntary basis and are not in receipt of any remuneration from Chinese Wellbeing. The Articles of Associalion stipulate that there are to be at least 3, and no more than 15 trustees; The Board of Trustees currently numbers 8. The Board meels on a regular 6-weekly cycle unless there are particular issues to be addressed that require additional meetings. Advisors The Articlès of Association provide for the Board to maintsin an advisory panel. In the course of the year, the organisation benefitted from retaining Ihe services of a firm of solicitors for specific guidance in Employment Law. We have in addition had support from Lloyds Bank Foundation Impacl Support Programme through which we have been able to secure Ihe services of a business consultant. Workshops have been held with senior management and Ihe Board of Trustees including potential new tNstees lo help with the development of a new strategy including the restruclure of staff teams and servl¢e provlslon followlng our exil from home are, Recruitment and Induction of Trustees No new Iiustees were appoinled in the Course of the year. Howevor, through the Lloyds Bank Foundation Impact Support programme we have had support wilh our recruitment efforts from Reach Volunteering. As a result we received interest from 4 potential candidates who have all8nded Board meeting8 in an advisory ¢8P8CIty, Flnanclal revlew The charity s financial position at the end of the year ended 31 March 2024 The financial position of the charity al 31 March 2024 and comparatives for the prior period, as more fully delailed in the accounls, can be 5ummarised as follows'.- 2024 2023 Net income (53,907) {65,972) Unreslricled Revenue Funds available for the general purposes of the charity Total Unrestricted Funds 161.760 215,667 161,760 215,667 Total Fund8 161,760 215,667
Chinese Wellbeing Company Registralion Number- 2446695 Trustees. Annual Report for the year ended 31 March 2024 Financial review of the position at the reporting date, 31 March 2024 . Income In the last financial year approximately 63 1 of our income derived from delivering domiciliary care on behalf of Liverpool City Council. The balance is made up of grants and individuals paying for services supporting independent living. We are continually assessing other potential areas for income generation. Policies on reserves. Chinese Wellbeing ha8 been very mindful of the risk to ils operations arising from the recession and pressure on public funding. The Trustees consider il to be prudent in these circumstances lo k68p 3 month$ running costs in r8serve and sufficient funds for potential redundancy payrnents in an amount in excess of £110,000 which reflects the reduced s¢ale of operations. Availability and adequacy of assets of each of the funds The board of trustees is salisfied that the charity's assets In each fund are available and adequate to fulfil ils obligations in respect of each fund. Investment policy and investment objectives. Chin8s8 Wellbeing operates a prudent reserves pollcy, and a prudent investment policy. The Board of Trustees is mindful of the recent volalilily and unreliabilily of financial products and has Opted for the investment of ils funds in low risk commercial products. Details of The Independent Examiner Tiacey Pritchard BA FCA Membèr of Member of In8litu18 of Chartered Accountants in En9land & Wales 255 Poulton Road Wallasey Merseyside CH44 48T 10
Chinese Wellbeing Company Registration Number- 2446695 Trustees. Annual Report for the year ended 31 March 2024 Statement of the Directors. and Trustees, Responsibilities The charity's tTusl8es are responsible for the preparation of Ihe accounts in accordance with the lerms of the Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 2008. NOlthStandIng the explicit requiremént in the extant st8tulory regulalions,thè Charities (Accounts and Reports) Regulations 2008, to preparé thè financial statements in accordance with the SORP 2005, in view of the fact that the SORP 2005 has been withdrawn, the Trustees delermined to interpret this responsibility as requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Slatemenl of Recommended Practice for Accounting and Reporting by Chariliesl 2019, applicable to all accounling periods beginning on or after 1st January 2019>, ffhe SORP), . In particular. the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of Ihe charily as at th8 end of the financial year and of the surplus or deficit of the Charity. In preparing those financial slalements the Board is required to to prepare the account8 in accordance with United Klngdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable lawl. select suitable accounting policies and apply them consistently., makejudgemenls and estimates Ihat are reasonable and prudènt., prepare the flnanclal slalemenls on the going concern basis unless it is inappropriate lo presume that thé charity will continue in buslness; slate whether applicable accounting standards and st81em8nls of recommended practice have been followed, subject to any malerial departures disclosed and explained in the financial st8temenls', The law requires that the trustees must not approve the accounts unless they are satisfied that they give true and fair view of the state of affairs of the charity and of the surplus or deficit of Ihe charity for the ye4r. The Trustees are also rèsponsible for maintaining adequ8le accounting records which disclose with reasonable accuracy al any lime the financial position of the charily and which are sufficient to show and 8xplain the CharItS transactions and enable them to ensure that Ihe financial slatements cornply with the Companiès Act 2006 and Comply with regulation5 made under the Charities Act. They are also responsible for safeguarding the assets of Ihe charity and hence for taking reasonable steps for the prevention and deteclion of fraud and other irregularilles. The Trustees are also responsible for the contents of the Trusle8s' report, and the statutory r8sponsibility of the Independent Examiner in relation lo the Trustees, report is limited to examining the report 8nd ensuring that , on the face of the report, there are no material inconsistencies with the figures disclosed in Ihe financial statements. Method of preparation of accounts . Small company provlslons The financial statements are sel out on pages 14 to 37. The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019. applicable to all accounting periods beginning on or after 1s1 January 2019>, ffhe SORP). and in accordance wilh the Financial Reporting Slandard 102, {effeclive 1st January 2016) These financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject lo the small companies regime. This report was approved by the board of trustees on oil i(J 2024. ANDY GREEN Director and Trustee 11
Chinese Wellbeing Report of the Independenl Examiner to the Trustees of the charitable company on the accounts for tha yoar ended 31 March 2024 I report to Ihe Trustees on my examination of the financial slalemenls of the charitable company on pages 14 to 37 lor the year ended 31 March 2024 which have been prepared in accordance with the Charities Act 2011 (the Acll and with the Financial Reporting Standard 102. (effective 1st January 2016} as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or aftei 1st January 2019), {The SORP), published by the Charity Commission in England & Wales ICCEWI , and undar th8 historical cost convention and the accountin9 policies sel out on page 1 g. Rospèetive re8pon81bllltlès of th• Trust•o8 and th? Indop•nd•nt Examinor and tho basis of th• report As described on page 11. you, the charitable company's Trustees, who are also the Directors of the Company for the purposes of Company law, are responsible for the preparation of the financial slalements in accordance with the Companies Act 2006. the Charities Act 2011 and all olher applicable law and with United Kingdom Generally Accepted Accounting Practice, applicable to smaller enlilies. and lor being satisfied that the financial statements giva a true and fair view. The Trustees consider that tho audit requirement of Section 144(1} of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the memorandum and articles of the Charity for the conducling of an audit, and that the accounts do not require an audit in accordance with Part 18 of tho Companies Act 2006 and that no mémber or members have requèsted an audit pursuant to Section 476 01 the Companies Act 2006. A5 a consequence, the Trustees have elected that the financial slalemenls be subject to independent examination. Having satisfied myself that the financial statem&nts are not required to be audited under any legal provision, or OtheIs8. and are eligible for independent examlnalion. It Ss my responsibllity to'.- a) examine thè financiBI slalemenls of the charity under Section 145 of the Act., bl follow the 8pplicabl8 procedures in thè Directions given by th8 Charity Commission under section 145{5llb) of the Act. Ba818 of Independent Examinar'g Statement and scope of work undertaken Since the ¢haritable company's gross income exeded £250,000, the charitable company's examiner musl be a member of a body listed in section 145 of the Act. I confirm that l am qualified to undertake Ihe examination because l am an authorSsed member of Member of Institute of Chartered Accountsnls in England & Wales. which 1$ one of the listed bodies. I report in respect of my examination of the charity's financial stalomenls cairied out under $145 ol the Act. In carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 14515){b) of the Act selling out th8 duties of an indèpÈndenl èxaminer in relation to the ¢onducting of an indep&néenl èxamination. An independent examination includes a review of the acoounling records kept by the charilable company and of the accounting Systems employed by the charitable company and a comparison of the rinan¢ial statements presented with those records. 11 also includès consideration of any unusual items or disclosurès in the financial statements, and seeking explanations from you, as Trustees. concerning such matters. Th8 purpose ol tre examination is lo establish as far as possible that there have been no breaches of charity legislation and that, on a lésl basis of evidence relovanl to the amounts and disclosures made, the financial stalemonts comply with the SORP. The procedures undertaken do not p¥ovide all the eviden that would be required in an audit. and information supplied by the Trustees in the course of the examination is not subjected lo audit tests or enquiries and does not cover all the matters that an auditor would consider in ariiving al an opinion. Tha planning and conduct ol an audit goes beyond the limited assuranc8 that an independent examination can provide Consaquénlly, I do not express an audit opinion on Ihg view given by thg financial slatamenls, and in particular, I express no opinion as to whether the fi'nancial statements give a true and fair view of the affairs of the charity. and my report is limited lo the mattérs set out in the statement below. I planned and performed my examination so as to satisfy myself that the objectives of the independent examination are achieved and before finalising the report l obtained written assurances Iiom the Trustees of all material matters, 12
Chlnese Wellbeing Indepèndent Examlnefs Statement, Rgport and Qpinion Allenlion is drawn to the accounling policy staling that. ftotwilhstanding thè éxplicit requirement in tho extant slalulory regulations, the Charities {Accounts and Reports) Regulations 2008. lo prepare the financial stalements in accordance with the SORP 2005, in view of the fact thal the SORP 2005 has been wilh¢Jrawn. and in order lo accord with current besl practice. the Trustees have determined lo prepare thg financial statemènts in accordance with the FRS 102 SORP (Slalement of Recommended Practice for Accounting and Reporting by Charities) 2019, applicable lo all accounting periods beginning on or after 1 sl January 20191, (The SORPI, I concur with this approach. and any references in my report to tho r6gulalions should be read subject to this commgnl. Subject to thg limitations upon the scope of my work as detailed above. I have cornpleted my examination.. and can confirm thal'.- The accounts of this charitable company are not required lo be audited under Part 16 of Ihe Companies Acl 2006.. The gross income of the charitable company in the year ended 31 March 2024 bppears to exceed the sum specified in Section 14513} of the Act, namely £250000, and that l am qualified lo act as Indèpendenl Examiner in accordance wlh that sectlDn by virtue of my being a qualified member of Member of Institute of Chartered Accountants in England & Wales,, Thi8 Is a report In ffjspect of an examination carried out under 145 01 thè Act 8nd in accordance Mrith Directions givan by the Charity Commission under section 14515llb} of th8 Act which may be applicable,, and that no material matters have come lo my attention in connection vilh the examination giving mé cause to believe Ihat In any matérial re$pe¢l'.- accounling records were not kept in respect of the ¢harily as required by Section 386 of the Companies Act 2006 and Section 130 of The Charities Act 2011., the financial statements do not accord with those records., or thè financial statements do not comply with the applicable requirements conceining the form and content of accounts sel out in section 396 01 the Companies Act 2006 other than any requirement that the a¢¢ounls give a 'true and fair, viw. which is not a matter considered as parl of an independent examinalion., have not been prepared in accordance with the melh¢xls and principl8$ set out in the FRS 102 SORP (Slatem8nt of Recommended Practice fof Accounting and Reporting by CharStiesl 2019, applicable to all accounting periods beginning on or after 1st January 20191, (The SORPI. I havé no concerns and have come acfoss no othér rnatlers in connection with the examination to which attention should be drawn in this report in order lo enablè a proper understanding of the financial slalemenls to be reached. Slgnfrd:. Tracey Prit¢hard BA FCA - Independent Examiner Member of Instltute ol Chartered Accounlanls in England & Wales 255 Poulton Road Address 2 insort on data work sheet row 37 Walla$ey Merseyside CH44 4BT This report was signed on 2024 13
Chlnese Wellbelng - Statement of Flnancial Activities for the year ended 31 March 2024 statement of Financial Activities (including the Income and Expenditure Account for the year ended 31 March 2024, as required by the Companies Act 2006) SORP Ref Currgnl year Uni•$trl¢l&d Fund$ Currgrit year Restrl¢t•d Fund* Curr•nt y•ar Total Funds Prlor Y¢ar Totsl Funds 2024 2024 2024 2023 Incomè & Endowménts from: Donations & Legacies Charitable activities Inve$tments A1 A2 A4 28,729 327,296 2,015 84,482 113,211 327,296 2,016 76,454 344,190 705 Total Income 368,040 84,482 442,522 422.539 Expendlturè on: Charitable activities B2 411.947 84,482 498,429 488,511 Total expendlture 411.947 84,482 496,429 488,511 Net movemgnt In funds 163,907) 163,907 166,972) Reconclllatlon of funds:. Totsl funds brought tor•iard 215,667 215,667 281,639 Totsl funds carrled forward 161,760 161,760 216,667 The 'SORP Ref indicated above is the cla$$ification of income sol oul in the lorrnal SORP documents. As required by paragraph 4.60 of the SORP. the brought lOard and carried forward funds above have been aoreed lo the Balance Sheet. A separate Slalemenl of Tolal Recognised Gains and Losses 1$ not requlred as this slalemenl includes all recognised gains and10sses. All 8ctivitie$ derive from Continuing operations The not6s altached on pages 19 to 37 form an Integral part of these accounts.
Chlnese Wellbeing . Statement of Financlal Activitles for the year ended 31 March 2024 Chinese Wellbeing - Analysis of prior year total funds, as required by paragraph 4.2 of the SORP Prlor Yaar Prlor Year R•strlct•d Funds Prlor Year Total Funds SORP Rof Unr&strlct•d Funds 2023 2023 2023 Income & Endowments from: OonatSons & Legacles Charitable activities Other trading activities Investments Olhei A1 A2 A3 A4 A5 14.575 344,190 1.190 705 61,879 76,464 344,190 1,190 705 Total incom? 360.660 61,879 422,539 Expendlture on: Charitable a¢livilieg B2 426,632 61,879 488,611 Total •xpondlturo 426,632 61,879 488,511 Net In¢ome after tran8fer4 {65,9721 165,9721 Net movém•nt in funds (65,972) 165,9721 Reconclllatlon of funds:. Total funds broughtforward 281,639 281,839 Total lunds ¢arrled foThvard 216,867 215,667 All actlvltles derlvo from continulng operatlons The notes attached on pages 19 to 37 form an Integral part of these accounts.
Chinese Wellbeing - Statement of Financial Activities for the year ended 31 March 2024 Chlnese Wellbeing - Resources applied in the year ended 31 March 2024 towards fixed assets for Charity use:_ 2024 2023 Resources applied on functional fixed assets 1531 Net r88ources avallable to fund charltable acllvltles 1531 The resource8 applied on fixed assets for charity use represents the cost of additions less proceeds of any disposals. The notes attached on pages 19 to 37 fom) an Integral part of these accounts. Movements In revenue and capital funds for the year ended 31 March 2024 Revenue accumulated funds Unr•strlcl•d Funds 2024 R•strlct•d Fund 2024 Total Funds 2024 Last y•ar Tolal Funds 2023 Accumulated lunds broughl forward 215,667 215,667 281,639 Recognised gains and losses bgfore transfers 153,9071 {53,9071 (65,9721 181,780 161,760 216,667 Closlng revenuo funds 181,760 161,760 218,667 Summary of funds Unr•$trl¢l•d and D•slpnat•d fund• 2024 R•$lrl¢t•d Fund8 Tolol Funds Last Year Tolal Funds 2024 2024 2023 Revenue accumulated funds 161,760 161,760 215,667 Totsl funds 161,760 161,760 216,667 The notes attached on pages 19 lo 37 form an Integral part of these a¢¢ounts.
Chinese Wellbeing - Statement of Financial Activities for the year ended 31 March 2024 Chinese Wellbelng Income and Expenditure Account for the year ended 31 March 2024 as required by the Companles A¢t 2006 2024 2023 Income Income from operation8 Interest receivable 440,507 2,015 421,834 705 Gross Incomo in the year beforo gxceptlonal Items 442,522 422,639 Gross Ineome in the year Includlng exceptlonal Itom$ 442,S22 422,539 Expendlture Charitable expenditure, excluding deprecSalSon and amortisation D8precialion and amortisalion Governance costs 494,298 451 1,880 486,339 594 1,578 Total oxpenditure In the year 496,429 488,611 Net Ineome before tsx In the flnanclal year {53,9071 163,9Y21 Tax on surplu5 on ordinary activities Net Income after tax In the flnancSal yèar {53,907) {65,9721 GiftAid donation8 made Retalned surplus for tho financial year {63,907) (66,972 All 8Ctivities derive from continuing operations In accordance with the provisiortrs of the Companies Ael 2006, the headings and subheadings used in the Incomo and Expenditure account have been adapted lo reflect the special nature of the charrty's aclivilies. The notes attached on pages 19 to 37 forrn an Integral part of these accounts.
Chinese Wellbeing - Balance Sheet as at 31 March 2024 SORP Note Ref 2024 2023 Flxed assets Tangible assets 10 A2 1,409 1,860 Totsl flxed assets 1,409 Current assèts Debtor8 Cash al bank and in hand 11 B2 B4 11,896 164,347 12,302 239,400 Total currfrnt assets 176,243 251,702 Credltors: amounls falling due within ono yèar 12 C1 {15,892} {37,895 Net current asget$ 160,351 213,807 The total net as8et8 of the charlty 161,780 21S,667 The total net assets of the charity aro funded by the funds of the charlty, a$ follows:. Unre8trl¢tsd Funds Unrestricted Revenue Funds 15 D3 161,780 215,667 161.760 215,667 Total charlty funds 161,760 215,667 The 'SORP Ref indicated above is the classification of Balance Sheet ilem5 as set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought foard and carried forward funds above have been agreed to the SOFA.. The dlre¢lors are satisfied that the Company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. The members hav8 not required the company to obtain an audit In accordance wilh section 476 of Ihe Act. The directors acknowledge their responsibililies for complying with the requiremenls of the Companies Act 2006 with respect lo accounting récords and the preparation of accounts. The charity is subject to Independent Examination under charity legislation, and Ihe report of the Independenl Examiner is on pag8 13. The financial statements have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006. applicable lo companies subject to the small companies regime. ANOY GREEN Trustee Approved by the board of trustees on oi/io / 2024 The notes attached on pages 19 to 37 fom) an Integral part of these accounls. 18
Chlnese Wellbeing Notes to the Accounts for the year ended 31 March 2024 1 Accountlng pollc16S Pollcles relatlng to the production of the accounts. 88818 of preparatlon and accountlng conventlon The accounts have been prepared on Ihe accruals basis, under the historical cost convenlion. and in accordance with the Financial Reporting Standard 102, leffeclive 1st January 20161 and 'FRS 102 SORP Istalemenl of Recommended Practice for Accounting and Reporting by Charilie312019, applicable lo all accounting periods beginning on or after 1st January 20191. (The SORPI, published by the Charity Commission in England & Wales {CCEWI , and in accordance with all applicable law in the charity'8 jurisdiction of registration, excépt Ihal the charity has prepared the financial slalements in accordance with the FRS 102 SORP Islalement of Recommended Practice lor Accounting and Reporting by Charities) 2019, applicable to all accounting periods beginning on or after 1st January 2019}. IThe SORPI, in preference to Ihe previous SORP, the SORP 2005, which has been withdrawn, nOlth&tandIng thé fact that the extanl slalulory regulations, th6 Charilies (Accounts arbd Reports) Regulations 2008 refer explicilly lo the SORP 2005. This has been done 10 8¢cord with current best practice. Rlsks and futurè as8umptlon$ The charity is a public benefit enlily. The Trustees examined the major slralegic, business and operational risks that the charity faces. Following a reviw and assessment of these risk$, the Trustees have formulated management policies and implemented inlefnal controls lo miligale risks lo the charity. Pollcles relating to categories of income and Income recognition. Nature of Income Gross income represenls the value, net ol value added lax and discounts, ol goods provided lo customer8 and work carried out in respect of services provided lo customers. Categorles of Income Income is calegorised as income from exchange Iransaclions lconlracl Incomel and income from non-oxchange transactions {giftsl. investment income and other income. Income from exchange transactions is received by the charily for goods or services supplied under contract or where entitlement Is subjecl lo fulfilling performance related eondilions. The in¢ome the charity receives is approximalely equal in value lo the goods or servi¢es supplied by the charity to the purchaser. Income from a non-exchange transaclion is whére tho ¢harily r8ceive5 value from the donor without providing equal value in exchange. and include$ donations of money, goods and seNices freely given without giving equal value in exchange. In¢ome recognltlon Income, whelher from exchange or non exchange Iransaclions. is recognised in the statement of financial activities ISOFAI on a receivable basis, when a transaction or other event results in an increase in the charity's a5$els or a reduction in ils liabilities and only when the charity has legal enlillemenl, the income is probable and can be measured reliably, Incomè subject lo terms and conditions which must be met before the chaiity is enlilled lo Ihg resources is not recognised until the conditions have been met. All income 18 accounted for gross, before deducting any related fees or costs.
Chinese Wellbeing Notes to the Accounts for the year ended 31 March 2024 Accounting for dèfèrrèd Incomè and Incomè recelved In advance Where terms and ¢ondilion$ relating lo income have not been mel or uncertainly exists as lo whether the charity can meet any terms or ¢ondition8 otherwise within 118 control, income is not recognised but 1$ d¢ferred as a liability until il is probable that the terms or conditions imposed can be met. Any grant that is subject to performance-relaled conditions received in advancè of delivering Ihe goods and seNices required by that condition, or is subject to unmet ¢ondilions wholly outside the conlrol of th¢ recipiènt ¢harily, is accounted ror as a liability and shown on the balance sheet as deferred income. Deferred income is released to income in the reporting period in which the performance-related or other conditions that limit recognition are met. When income from a giant or donalion has not been recognised due to the rondilions applying to the gift nol bein9 wholly wilhin the control of the recipient charity, it is disclosed as a Gontingenl a33el il receipt of the grant or donation is probable once those conditions are mel. Where lime related conditions are imposed or implied by 8 funder, Ihen the income is apportioned to the lime periods oncerned,and, where applicable, is accounted for a$ a liability and shown on the balance sheet as deferred income. When grants a received in advance ol the expenditure on the a¢livity funded by them, but there ar8 no 5pecifi¢ time related ¢tsndilions, then th8 income is not deferred. Any condition that allows lor the recovery by the donor of any ungxpended part ol a granl does not prevent recognition of Ihe incomo con¢¢rnod, but 4 liability lo any repayment is recognised when repayment becomes probable, Pollcles relating to expenditure on goods and servlces provided to the charlty. Recognltlon of Ilabllltles and expendlturo A liability, and the related expenditure. is recognised when a legal or conslfuctlve obligation exi81$ as a result of a past event, and when il is mole likely than not that a transfer of economic b¢nefils will be required in selllemenl, and when Ihe amounl ol the obligation Can be measured or reliably eslimaled,. Liabilities aiising from future fvnding ¢ommilmenl8 and conslruclive obligations, Sncluding performance related grants, wherè the liming or the amount ol the future expenditure required lo seiile the obligation a uncertain, give rise to 8 provision in the accounts, which is reviewed al the accounting year end. The provision is increased lo reflect any increases in liabilities, and is decreased by the utili8alion ol any provision within the period, and reversed if any provision is no longer required. These movements are charged or credited to the respective funds and activities lo which the provision Telales. Policies relating to assets, liabilities andprovlslons and other matters. Tanglble flxed assets Tangible fixed a$sels are measured al their original cost value. or subsequent revaluation, or Sf donated, as de$¢ribed above. Cost value includes all cos1$ expended in bringing the asset into ils intended woiking condition. Depreciation has been provided al the following rates in order lo wrile off the assets to their anticipated residual value over their estimated useful lives. Plant and machinery 33.3 Qh slraighl line A regular annual review of the likelihood of asset impairment 18 undertaken. Dobtors Debtors are measured at Iheir recoverable amounts al the balance sheet dale. Credltors and provlslons Liabililies are measured al their settlement amount. A liability is regonised for Ihe the amount the Charity anlicpale8 It will pay lo settle the deb or the amount il has received as an advance payment for goods or services it musl provide. 20
Chlnese Wellbelng Notes to the Accounts for the year ended 31 March 2024 Fund Accountlng Unreslricled funds are available for use at the discretion of the truslees in furtherance of the general objectives of the ¢harily. There are no endowment funds. 2 Llablllty lo taxatlon The Trustees consider Ihal the tharily satisfies the tests sel out in Paragraph 1 Schedule 6 of the Financè Act 2010 for UK corporation lax purposes, Accordingly. the Chaiily is potentially exempl from laxalion in respect of income 01 capital gains received wilhin categories covered by chapter 3 part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extenl that such income or gains are applied exclusively on the specifi¢ charitable objects of the charity and for no olhei purpose. Value Added Tax is not recovorabl¢ by the charity, and is therefofe included in the relevant ¢osl$ in the Slalement of Fin8ncial Activities. 3 Wlndlng up or dissolution of the charity If upon winding up or dissolution of the ¢harily there remain any 8$8el8, after Ihe $alisla¢tion of all debts and liabilities, the assets represented by the accumulated fund shall be transferred lo some other charitable body or bodies having similar objects to the charity. 4 Significanc• of financial instruments to th8 charlty'8 posltlon Thére are no significant implications of $u¢h matters. S Net surplus before tax In the flnanclal year 2024 2023 The nel surplus before tax Sn the financial year Is slated after charglng:" Oeprecialion of owned fixed assets Pension costs 451 10,840 594 9,895 6 Staff costs and emoluments Salary costs 2024 2023 Gross Salaries excluding Iruslees and key management personnel Employer's operating costs of defined contribution pension schemes 430,620 413.102 10,840 9,895 Total salarles, wages and related costs 441,460 422,997 Numbers of full time employees or full time Équivalents 2024 2023 The average number of total staff employed in the year was 29 33 Engaged on charitable activities 29 33 Neither the Iruslees nor any persons connected with them have received any remuneration from the charity of any related enlily, either in the current or prior year. No employees received emoluments {excluding pension costs) in excess of £60,01)O per annum. 21
Chinese Wellbelng Notes to the Accounts for the year ended 31 March 2024 7 Defined contrlbutlon penslon schemes Any liabilites and a88els associated with the scheme are shown under debtors and creditors. 8 Remuneratlon and payments to Trustees and persons connectod with them No trustees or persons connected with them received any remuneration Irom the charity, or any related enlily. 9 Delerred Income- Restrlcted funds Current Year Oponlng D•f•rr•ls R¢loa8•d R•¢•lv•d Dol•rrnd from prlor yg•r$ 1989 r•l•ag•d t year end In y•ar Innovations In Demenlla - DEEP PH Holl LCVS Health & Wellbeing Community Fore81 Trust LCC Comm Champion Independent Age 3,987 10,000 2.792 2.165 6,250 3.987 110.0001 {2,7921 {2.1651 (6,2501 3,043 3,043 Total 25.194 121,2071 3,043 7,030 2024 2023 These deferrals are Includ8d In credltors 7,030 25,194 Prfor Year Oponlng D•f•rral$ R¢loa8od Irom prlor yoara R•¢•lvgd loss r•leas•d Dolorrod at ypar end In yéar Sundry items under £1000 Innovations in Dementia - DEEP PH Holt LGVS Health & Wellbeing Community Forest Trust LCC CDMM Champion 3,987 3,987 10,000 2,792 2,165 6,250 10.000 2,792 2,165 6,250 6,250 (6,2501 Total 10,237 {6,2501 21,207 25,194 2023 2022 Thosè deferrals are Included in creditors 25,194 10,237 22
Chlnese Wellbeing Notes to the Accounts for the year ended 31 March 2024 10 Tangible fixed assets Currènt Yèar Land and Bulldlngs Plant & Machlnery Motor Vohlcles Total Cost At l April 2023 76,820 76,820 At 31 March 2024 76,820 76.820 Depreclatlon Al 1 April 2023 Charge for the year 74,960 451 74.960 451 At 31 March 2024 76,411 76,411 Net book value Al 31 March 2024 1,409 1.409 Al 31 March 2023 1,860 1,880 Prior Year Land and Bulldlngg Plant & Machln•ry Motor V•hlcl•s Total Cost 01 April 2022 Additions 76,767 53 76.767 53 01 April 2023 76,820 76,820 Depreclatlon 01 April 2022 Charge for the y8ar 74.366 594 74.366 594 01 Aprll 2023 74,960 74,960 Net book valug 01 April 2023 1,860 1,860 01 Aprll 2022 2,401 2.401 23
Chinese Wellbeing Notes to the Accounts for the year ended 31 March 2024 11 Debtors 2024 2023 Trade debtors Prepaymenlg and accrued income Other debtors Deferred lax 8$$el {see note 581 5,146 5,658 6,750 6.644 11.896 12.302 12 Creditors: amounts falllng due wlthln one year 2024 2023 Accruals Oeferred Income - Re8lricled fund8 PAYE, NIC VAT and other taxes Other creditors 1,620 7.030 5,154 2,088 1,620 25,194 6,209 4,872 15,892 37,895 13 Income and Expendlture account summary 2024 2023 At 1 Aprll 2023 Surplus after lax for the year At 31 March 2024 215,667 153,9071 161,760 281.639 165,9721 215,667 14 Partlculars of how partlcular funds are represenled by assets and Ilabllltles At 31 Mar¢h 2024 Unr•strlct•d 0oslgn•l•d funds Roylrlct•d lund$ Total funds Funds Tangible Fixed Assets Current A88el8 Current Liabilitie8 1.409 176.243 115,892} 1,409 176,243 115,8921 161,760 161.760 At 1 Aprll 2023 Unr9$trl¢t•d fundts 098lgnalgd lunds Rg$lrl¢tod lund$ Tol•l Fund• Tangible Fixed Assets Current Assets Current Liabilities 1,860 251,702 {37,895} 1,860 251,702 137,895 215,667 215,667 24
Chinese Wellbeing Notes to the Accounts for the year ended 31 March 2024 15 Change In total funds over the year as shown In Note 14 analysed by Indlvldual funds Funds brought Movament In lorward Irom funds In 2024 2023 Transfers betwèen fund$ In 2024 Funds carrled forward to 2025 S•a Not$ 16 Unr05trlctsd and doslgnated funds... Unrestricted Revenue Funds 215,667 {53,9071 161.760 Total unrestrlcted and deslgnat8d fund8 216,667 153,9071 161,760 Total charlty funds 216,667 63,907 161,760 16 Analysls of movemonts In funds ovor thè year as shown in Note 15 Other Galn8 & Losse8 2024 In¢om• Exp•ndllur• Movomènl In fundJ 2024 2024 2024 Unrestrlctod and deslgnated lunds... Unrestricted Revenue Funds 358,040 (411,9471 163,907) Restrlcted funds... LCC Community Re80urce Granl Nordic Walking LCC Comm Champion LCVS Health & Wellbeing Green Recovery Pine Court Housing PH Holl Foundation Independent Age 14,000 750 25,000 15,357 2.165 2,000 10.000 15,210 114,0001 1750> 125,0001 115,3571 12,1651 12,0001 110,0001 115,2101 442.622 1496,4291 153,9071 25
Chinese Wellbeing Notes to the Accounts for the year ended 31 March 2024 17 The purposes for whlch the funds as Unres¢rlctsd and deslgnated lunds... These lunds are held for the meeting the objectives of the charity, and to piovide reserves lor future aclivib"es. and , subject lo charity legislation, are Ie from all restriclions on their use. Unreslficted Revenue Funds 18 Ultlmate controlling party The chaiity is under the Control of ils legal members. Every mtsmber of the charity 18 obliged lo contribute such amount as may be required not exceeding £10 to the assets of Ihè company in the event of ils being wound up while he or she is a member, or within one year after he or she ceases to be a member. 26
Chlnese Wellbelng D8tailed analysis of income and expenditure for the year ended 31 March 2024 as requlred by the SORP 2015 This analysis is classsified by conventional nominal descriptlons and not by actlvlty. 19 Donations, Grants and Legacles Current yèar Unrgstrlctod Funds Current year R•strlcted Funds Curront year Total Fund$ Prlor Yèar Total Funds 2024 2024 2024 2023 Donatlons and glfts from Indlvlduals Small donations individually18ss than £1000 2.403 2,403 2,370 Feeding Liverpool Food Aid 1.326 1,326 Totsl donations and gifts from indlviduals 3,729 3,729 2,370 Donatlong and glfts from Indivlduals {Inelude HMRC rèfunds on gift ald•d donatlonsl - Prlor Y•ar analy¥i8 Prlor Yoar Prlor Yèar Prlor Y•ar Unr•strlct•+ R•strlct•d Tolol Fund¥ Fwnds Funds 2023 2023 2023 Prlor year 2,370 2,370 Current y•ar unrg8trlcto Funds Curr•nt yr Restrlcted Funds Current y•ar Total Fund8 Prlor Yoar Toial Fund8 2024 2024 2024 2023 Revenue grants from govemment and publlc bodles LCC Community Recource Grant 500 Liverpool City Ctsuncil 14,000 14.000 14,000 LCVS - NHS Health & Welbeing 15,357 15.357 9,773 LCC - Covid 1,206 LCC Comm Champion 25,000 25,000 25,000 UOW funding 3,400 Community Forrest Trust 2,165 2,165 6.000 Poslcode Nei9hbourhood Trust 25,01)O 26.000 Tolal publlc sector revenue grants 26,000 66,522 81,622 61,879 27
Chinese Wellbelng Deiailed analysls of Income and expenditure for the year ended 31 March 2024 as requlred by the SORP 2015 Revenué grants from govemment and publlc bodles- Prlor Year analysis Prlor Year Unr•$trl¢ttrd Fund$ 2023 Prlor Yoar Roslrlclod Fund8 2023 Prlor Yoar Total Funds 2023 Prlor Year 61.879 61.879 Currant y?ar Unr•$trl¢t• Funds 2024 Curr811t yaar R•strl¢lod Funds 2024 Current y8ar Total FundL% Prlor Y•Jr Total Funds 2024 2023 Revenu8 grant$ and donations from non publlc bodiès Sn)all grants individually le$$ than £1000 750 760 Lloyds Bank Foundation England & Wales 2,250 Go Fund Me 9,955 Pine Court Housing Association 2.000 2,000 PH Holl 10,000 10,000 Independent Age 15,210 16,210 Total prlvat• sector rèvènue grants 27,960 27,960 12,206 R•venue grants and donatlons from non publlc bodles {Include Glft Ald donatlons from $ubsldlarles} Year analys1$ Prlor Prlor Yoar Unr•$trl¢t•d Fund$ Prlor Yoor R•$lrl¢t¢d Fund$ Prlor Year Toial Funds 2023 2023 2023 Prlor Year 12,205 12,205 28
Chlnese Wellbeing Detailed analysls of income and expenditure for the year ended 31 March 2024 as requlred by the SORP 2015 Total Donations, Grants and Legacies Unr68trl¢ted Funds Ro$trl¢ted Funds Curront Year Totsl Funds Prlor Year Total Funds Currentyear 2024 2024 2024 2023 Total Donatlons, Grants and Legacles A1 28,729 84,482 113,211 76,454 Unr•gtrlct•d Fundg 2023 Roslrlctod Funds 2023 Prlor Y••r Total Fund• 2023 Prior year Total Donatlons, Grants and Legacles A1 14,576 61,879 76,454 20 Income from charltable actSvltles - Tradlng Actlvltles Current year Curr•nt y9ar Unrgstrlct¢d Funds 2024 Curronl yéar R•slrlct•d Fund8 2024 Curr•nt yèar Tolol Fund¥ Prlor Yojr Total funds 2024 2023 Prlmary purpose and an¢lllary tradlng Luncheon club monie8 Domicilliary and other seNi¢es 726 326.570 726 326,570 460 343,730 Total Prlmary purpoFo and ancillary tradlng 327,296 327.296 344,190 Prlor year Prlor Year Unre8trl¢t•d Fund 2023 Prioryear R•strl¢t•d Fund$ 2023 Prfor Yggr Total Fund 2023 Prlmary purpose and anclllary tradlng Luncheon club monies 460 460 Domicilliary and other services 343,730 343,730 Total Primary purpose and anclllary tTadlng 344,190 344,190 29
Chinese Wellbeing Detailed analysls of Income and expendlture for the year ended 31 March 2024 as requlred by the SORP 2015 21 Total Incomg from charltable actlvltles Current yèar Unr•$lrl¢ted Fund¥ Curr•nt year Roslrlcted Funds Cu¥r•nt year Tolal Funds Prlor Yoar Currént yèar Toial Funds 2024 2024 2024 2023 Total incomè from chaiilable trading Income Irom funders 327.296 327,296 344,190 Total from charltabl8 attlvltles A2 327,296 327,296 344,190 Income from ¢harltable actlvltles Prlor Year anoly$l$ Prlor Y•ar Unr•strlct•d Funds Prlof Ytar Rèstil¢tod Funda Prlor Year Prior year Total Fund$ 2023 2023 2023 Total income from charilable trading Inwme from funders 344,190 344,190 344,190 344,190 22 Income from olher, non charitable, trading actlvltles Current year unro8trl¢t•d Fund$ Currgnt ygar Rèjtrietéa Fund8 Curr•nt y•ar Tolal Fund* Prlor Yoar Total Funds 2024 2024 2024 2023 Trading activllies lo raise funds for the charity 1,190 Totsl from other actlvltleg A3 1,190 In¢ome from other, non charltabl&. trading activitie5 - Prlor Year analysls Unr•$lrT¢t#d Funds Restrlcted Funds Total Funds Prlor Year 1.190 1,190 30
Chinese Wellbeing Detailed analysls of Income and expenditure for the year ended 31 March 2024 as requlred by the SORP 2016 23 Investment income Current year Unrestrlcted Fund8 Currènt yoar Restrlcted Funds Current year Total Funds Prlor Ygar Total Funds 2024 2024 2024 2023 Bank Interest Receivable 2,015 2,016 705 Total investment Incom8 A4 2,015 2,015 70S Invèslment Incom8 - Prlor Year analysls Unr•strlct•d Fund$ R•strlctgd Fund¥ Totsl Fund8 Prlor Year 705 705 31
Chinese Wellbeing Detailed analysis of Income and expenditure for the year ended 31 March 2024 as required by the SORP 2015 24 Expenditure on charltable actlvltles - Dlrect spondir]g Currgnt y•8r Unrfy$trl¢t¢d Funds Curront y•ar Ro8tTl¢ted Fund¥ Curront year Total Funds Pxlor Yoar Total Funds Current Year 2024 2024 2024 2023 Gross wages and salaries - charitable activities Defined contribution pension costs charitable activities Travel and Subsistence - Charitable AGlivilies Marketing and advertising of charitable SeICe8 Training costs Costs of activities and events 347,173 83,447 430,620 413,102 10.840 10,840 9,896 16,237 16,237 16,906 101 101 75 1,641 5,551 1,641 6,451 1,935 10,770 900 Total dlreGt spendlng B2a 381,543 84,347 466.890 452,683 Prlor Year Unrostrl¢tod Fund$ 2023 Prlor Y•ar Ro8lrlct•d Fund8 Prlor Yèar Total Fundi Prlor Year 2023 2023 Gross wages and salaries- chafitable activities Defined contribution pension costs charitable activities Travel and Subsistence- Charitable Activities Marketing and advertising of charitable services Training cosls Costs of activities and events 360,265 52,837 413,102 9,895 9,895 16,839 67 18,906 75 76 1,935 1.809 1,935 10,770 8,961 Total direct spendlng B2a 390,818 61.865 452,683 32
Chinese Wellbeing Detailed analysls of Incom8 and expenditure for the year ended 31 March 2024 as required by th• SORP 2015 25 Support costs for charitable actlvltles Current year Unrgstrfctgd Funds Current year Rostrlctgd Funds Curront year Totsl Funds Prlor Year Totsl Fund$ Current Year 2024 2024 2024 2023 Premlses Expenses Rent payable under operating leases Admlnlstrative overheads Telephone, fax and inlernel 2,329 Slationery and printing 1.643 Membership subscriptions 332 SOfare licences and expenses 4.663 Health and safety costs 283 Liabilty and contents insurance 3,359 Equipment,repairs,expenses and maintenance 122 Licences & Permits 414 Professlonal fees pald to advlsors other than the auditor or examiner other legal and professional 1,800 Flnancial costs Bank charges Depreciation & Amortisation in total for 12.822 12,822 13,958 2,329 1,643 454 4,663 283 3.359 122 414 3,272 2,491 677 4,629 421 4,021 709 122 1,800 3,071 519 438 019 451 607 594 13 Support costs before reallocatlon 28,724 135 28,859 34,250 Total support costs - Current Year 28,724 135 The basis of allo¢alion of c08ts between activities is described under accounting policies Current year Current year Unrostrlclod Restrlcte Fund8 Funds 28,859 34,250 Prlor Y•ar Prior Year Tol41 Funds 2023 2023 2023 Premlses Expenses Rent payable under operating leases Admlnlstratlve overheads Telephone, fax and internet Stationery and printing Membership subscriptions SOfare licences and expenses Health and safety costs Liabilly and contents insurance Equipmenl.repairs,expenses and maintenance Professlonal fees pald to advlsors other legal and professional Financial costs Bank Charges Depreciation & Amortisation in total for 13,958 13,958 3,272 2,491 677 4,529 421 4,021 3,272 2,491 877 4,529 421 4,021 709 709 3,071 3,071 507 580 507 694 14 Support costs before reallocation 34.236 14 34,250 Total support costs - Prlor Year 34,236 14 The basis of allocation ol costs between aclivili6s is described under accounliThJ policies 34,2SO 33
Chinese Wellbelng Detalled analysls of Income and expendlture for the year ended 31 March 2024 as requlred by the SORP 2015 26 Other Expendlture . Governance costs Current ygar Unr•strlct•d Funds Currènt yèar Rostrlctèd Funds Curr•nt yèar Totsl Funds Prlor Yoar rotal Funds Current Year 2024 2024 2024 2023 Independent Examiner's fees 1,680 1,680 1,678 Total Governancè costs 1,680 1,680 1.678 Prlor Y&ar Unr•strlct•d Funds Prlor Year R05trlcted Fund8 Prlor Year Total Fund¥ Prlor Year 2023 2023 2023 Independenl Examiner's fees 1,578 1,578 Total Govornancg costs 1,578 1,578 27 Total Charllable expenditure Cuir•nl y•ar Unr•8trl¢tod Fund8 Current yoar R•strlct•d Funds Currènt yoar Prlor Y•&r Totsl Fund$ Total Fund8 Current Year 2024 2024 2024 2023 Total dir8cI spending Tolal support costs Total Governance costs 82a B2d B2e 381,543 28,724 1.680 84,347 135 465,890 28,859 1,680 452,683 34,2450 1,578 Total charltabl• oxp8ndituré B2 411,947 84,482 498 429 488,611 Prlor Y••r UnroStrlct•d Funds Prlor Yegr Rostrlet8 Funds Prlor Year Total Funds Prior Year 2023 2023 2023 Total dire¢l spending Total support costs Total Governance costs B2a 82d B2e 390,818 34.236 1,578 61.865 14 462,683 34,250 1,678 Total tharitable expendlture 82 426,632 61,879 488,511 34
Chlnese Wellbelng Activity analysis of Income and expenditure for the for the year ènded 31 March 2024 Thls analysls Is classsilied by activity and not by conventlonal nomlnal descrlptlons. 28 Analysls of Incom& by activity SOFA ref 2024 2023 Actlvlty In¢omb from eharitabl• activities Luncheon Club Chinese Wellbeing Domiciliary Service Personal Wellbeing Totsl Incomè from ¢haritable actlvltle8 642 5.050 281.315 40.289 460 4,065 295,372 44,293 A2 327,296 344,190 Income from other, non charltable, tradlng actlvltles Fundraising aclivilies Total Incomo from othér, non eharitablé, tradlng aetivltlès 1,190 A3 1,190 Summary of Total Income, including the Items abova Charitable activities other activities Donations & Legacie8 Invo$tm•nl income A2 A3 A1 A4 327,298 344,190 1,190 76,454 705 113,211 2.015 Total incomo as shown In the SOFA 442,622 422,539 Cate9orles of Income Income Irom exohange Iran$a¢lion$ 442,522 422.539 442,522 422,539 35
Chinese Wellbelng Activity analysis of Incom8 and expenditure for the for the year ended 31 MarGh 2024 29 Analysls of charltable expendlture by acllvlty Activity Dlrect costs support costs Grant funding of activltles 2024 Total Total 2024 2024 2024 2023 Luncheon Club Direct costs Adminislralive overheads Financial costs 14.955 14,965 122 13 26.919 122 13 14 Total Luncheon Club 14.955 13S 15,090 26,933 Dlrect costs Support costs Grant fundlng of actlvltles 2024 Total Total 2024 2024 2024 2023 Chlnos9 Wellbelng Direct costs Premises expenses Adminislraliva overheadg Professional fees Financial cost$ Overheads recharged Total Ghlnese Wellbeing 67.821 67.821 12,822 9,092 1,800 880 126,4021 54,849 13.958 11,885 1.800 1,087 128,6601 12,822 9,092 1,800 880 23,7141 {1.6881 66,133 880 67,013 64,919 Dlrect costs Support costs Grant funding of activities 2024 Total Tolal 2024 2024 2024 2023 Domlcillary Servlce Direct costs Adminislralive overheads Professional fee8 Overheads recharge 360,21S 360,216 3,969 345,432 4,215 1,271 22,928 3.969 1.688 18,634 20,322 Total Domiciliary Servico 361.903 22.603 384,606 373,846 36
Chinese Wellbeing Activity analysis of Income and expenditure for the for tha year ended 31 March 2024 Dlrect Support Grant costs costs fundlng of activities 2024 Total Total 2024 2024 2024 2023 Personal Wollbolng Diiecl costs Adminislralive overheads Financial 819 Overhéads recharged 22,899 22.899 84 77 6,080 25.484 20 77 5,080 5,732 Total Personal Wellbelng 22,899 6,241 28,140 31.238 Summary of charitable ¢o$ts by a¢tlvlty Dlrect costs Support costs Grant funding of actlvlties 2024 Total Totsl 2024 2024 2024 2023 Tolal Luncheon Club Tolal Chinese Wellbeing Total Domiciliary Se¥vice Total Personal Wellbeing Total Governance costs as detailed in Note 26 14,955 66,133 361,903 22,899 135 880 22,603 5,241 15,090 67,013 384,506 28,140 26,933 54.919 373.846 31,236 1,680 1,680 1,578 Total tharltablé èxpenditure 465.890 30.539 496,429 488,611 The basi¥ of allocation of costs between activities is described undef accounlirvj policies The breakdown of this expenditure by type of spending lie nominal classificalionl is detailed in note 27 Analys1$ of support and governance costs by charltabl8 attiviti98 Governance Finance Hurnan Other Resources Overheads 122 Total Actlvlty Luncheon Club Chinese Wellbeing Oomiciliary SeNice Personal Wellbeing 13 880 135 2,560 22,603 5,241 1,680 22,603 5,184 77 Grand Total 1,680 970 27,889 30,539 30 Analysls of non charitable expendllure by actlvlty Governance costs Governance costs 2024 Governancè costs 2023 other Expenditure - Governance costs as detailed in Note 26 1.680 1,578 37