Registered number 2559383 Tsung Tsin Association (UK) Limited Report and Accounts 30 April 2021 ## **Charity Registration No. 1006605** **A company Limited by Guarantee and not having a Share Capital** ## **Tsung Tsin Association (UK) Limited Report and accounts Contents** ||**Page**| |---|---| |Company information|1| |Directors' report|2| |Accountants' report|3| |Profit and loss account|4| |Balance sheet|5| |Notes to the accounts|6 & 7| |Detailed profit and loss account|8 & 9| ## **Tsung Tsin Association (UK) Limited Company Information** ## **Directors** Mr Siu Ming Lam Mr To Ming Lam ## **Accountants** ULM Ltd First Floor 16 Ingestre Place London W1F 0JJ ## **Registered office** First Floor 16 Ingestre Place London W1F 0JJ **Registered number** 2559383 1 **Tsung Tsin Association (UK) Limited Registered number: 2559383 Directors' Report** The directors present their report and accounts for the year ended 30 April 2021. ## **Principal activities** The company is a registered charity in the United Kingdom. The company's charity registration number is 1006605. The company's principal activity during the year continued to be (1) the promotion of any charitable purpose for the relief and settlement of members of the Ha Ka dialect speaking Chinese community in the United Kingdom and particularly those members of the community who are infirmed and poor; and (2) the advancement of the education of the public in their unique history, literature, customs and traditions of the Ha Ka speaking Chinese community. ## **Directors** The following persons served as directors during the year: Mr Siu Ming Lam Mr To Ming Lam ## **Small company provisions** This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. This report was approved by the board on 8 June 2021 and signed on its behalf. Mr Siu Ming Lam Director 2 ## **Tsung Tsin Association (UK) Limited Accountants' Report** ## **Accountants' report to the directors of Tsung Tsin Association (UK) Limited** You consider that the company is exempt from an audit for the year ended 30 April 2021. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year. In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us. We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts. ULM Ltd Chartered Certified Accountants First Floor 16 Ingestre Place London W1F 0JJ 8 June 2021 3 ## **Tsung Tsin Association (UK) Limited Profit and Loss Account for the year ended 30 April 2021** |**Turnover**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) on ordinary activities before taxation**
Tax on profit/(loss) on ordinary activities
**Profit/(loss) for the financial year**|**2021**
**£**
29,100
(1,378)
27,722
(13,535)
14,187
14,187
-
14,187|**2020**
**£**
48,411
-
48,411
(55,466)
(7,055)
(7,055)
-
(7,055)| |---|---|---| 4 |**Tsung Tsin Association (UK) Limited**|**Tsung Tsin Association (UK) Limited**| |---|---| |**Registered number:**|2559383| |**Balance Sheet**|| |**as at 30 April 2021**|| |**Notes**
**Fixed assets**
Tangible assets
2
**Current assets**
Debtors
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current assets**
**Net assets**
**Capital and reserves**
Profit and loss account
**Shareholders' funds**|**2021**
**£**
449,281
445
38,332
38,777
(6,105)
32,672
481,953
481,953
481,953|**2020**
**£**
449,781
-
20,386
20,386
(2,401)
17,985
467,766
467,766
467,766| |---|---|---| The directors 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 have not required the company to obtain an audit in accordance with section 476 of the Act. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. Mr Siu Ming Lam Director Approved by the board on 8 June 2021 5 **Tsung Tsin Association (UK) Limited Notes to the Accounts for the year ended 30 April 2021** ## **1 Accounting policies** ## _**Basis of preparation**_ The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). ## _**Turnover**_ Turnover represents the total amount of donation receivable from fund raising events and the rental income received from the property owned by Tsung Tsin Association (UK) Limited. ## _**Tangible fixed assets**_ Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: Land and buildings not depreciated Fixtures & fittings 20% on reducing balance basis ## _**Debtors**_ Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. ## _**Creditors**_ Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. ## _**Taxation**_ A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. 6 ## **Tsung Tsin Association (UK) Limited Notes to the Accounts for the year ended 30 April 2021** ## **2 Tangible fixed assets** |**Cost**
At 1 May 2020
At 30 April 2021
**Depreciation**
At 1 May 2020
Charge for the year
At 30 April 2021
**Net book value**
At 30 April 2021
At 30 April 2020
**3**
**Creditors: amounts falling due within one year**
Other creditors|**Land and**
**buildings**
**£**
446,453
446,453
-
-
-
446,453
446,453|**Fixtures &**
**fittings**
**£**
38,868
38,868
35,540
500
36,040
2,828
3,328
**2021**
**£**
6,105|**Total**
**£**
485,321
485,321
35,540
500
36,040
449,281
449,781
**2020**
**£**
2,401| |---|---|---|---| ## **4 Other information** Tsung Tsin Association (UK) Limited is a private company limited by guarantee and incorporated in England. Its registered office is: First Floor 16 Ingestre Place London W1F 0JJ 7 ## **Tsung Tsin Association (UK) Limited Detailed profit and loss account for the year ended 30 April 2021** _This schedule does not form part of the statutory accounts_ |**Sales**
Cost of sales
**Gross profit**
Administrative expenses
**Operating profit/(loss)**
**Profit/(loss) before tax**|**2021**
**£**
29,100
(1,378)
27,722
(13,535)
14,187
14,187|**2020**
**£**
48,411
-
48,411
(55,466)
(7,055)
(7,055)| |---|---|---| 8 ## **Tsung Tsin Association (UK) Limited Detailed profit and loss account for the year ended 30 April 2021** _This schedule does not form part of the statutory accounts_ |**Sales**
Sales
**Cost of sales**
Discounts allowed
**Administrative expenses**
Premises costs:
Insurance
General administrative expenses:
Postage
Stationery and printing
Courier services
Bank charges
Repairs & maintenance
Meeting expenses
Charitable donations
Depreciation
Property management fees
Sundry expenses
Legal and professional costs:
Accountancy fees
Advertising and PR|**2021**
**£**
29,100
1,378
927
927
716
-
568
33
-
4,200
3,450
500
1,804
-
11,271
800
537
1,337
13,535|**2020**
**£**
48,411
-
-
-
120
1,677
-
311
1,550
17,341
28,323
832
2,139
178
52,471
800
2,195
2,995
55,466| |---|---|---| 9