CHARITY REGISTRATION NO: 1019252
COMPANY REGISTRATION NO: 2781755
QINGHUA CHINESE SCHOOL CHARITABLE TRUST
DIRECTORS REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023
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QINGHUA CHINESE SCHOOL CHARITABLE TRUST COMPANY INFORMATION FOR THE YEAR ENDED 31 AUGUST 2023
DIRECTORS: John P C THO Philip T V CHIN Jian Yang LUO SECRETARY: John P C Tho REGISTERED OFFICE: 15 Gerard Road Harrow, Middx HA1 2ND COMPANY NUMBER: 2781755 CHARITY NUMBER: 1019252 BANKERS: BARCLAYS BANK PLC MAYFAIR GROUP LONDON SANTANDER BANK PLC Business Account Customer Service Bootle Merseyside L30 4GB
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QINGHUA CHINESE SCHOOL CHARITABLE TRUST REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 AUGUST 2023
The Trustees, who are also Directors of the Charity for the purposes of the Companies Act present their report and financial statements of the charity for the year ended 31 August 2023.
The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) Accounting and Reporting by Charities’ issued in October 2000 in preparing the annual report and financial statements of the Charity.
CONSTITUTION
The Charity is constituted as a company limited by guarantee and is therefore governed by a Memorandum and Articles of Association.
OBJECTIVES
The principal of the Charity is of the provision of facilities to advance public education in Chinese culture, Chinese Mandarin language and traditions. The Charity provides language classes for children and adults as well as organising special Chinese cultural events. It is intended to continue to provide classes and related events and the Charity has sufficient funds for this purpose.
DIRECTORS
The following directors have held office since 1[st] September 2020
Mr. John P C Tho Mr. Philip T V Chin Dr. Jian Yang Luo
This report was approved by the Directors on ………………………… and signed on their behalf.
…………………………………………………….. Mr. John P C Tho (Director)
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QINGHUA CHINESE SCHOOL CHARITABLE TRUST STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 AUGUST 2023
SUMMARY INCOME & EXPENDITURE ACCOUNT
| UNRESTRICTED | FUNDS | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Notes: | £ | £ | |
| INCOMING RESOURCES | |||
| Income from charitable activities: | |||
| School Fees receivable | 68,966 | 48,183 | |
| Voluntary Income |
2 | 1,710 | 0 |
| Bank Interest | 206 | 16 | |
| TOTAL INCOME | 70,883 | 48,199 | |
| RESOURCE EXPENDED | |||
| Direct Charitable Expenditure |
3 | 76,619 | 42,533 |
| Other Expenses: | |||
| Administration |
4 | 2,406 | 267 |
| TOTAL EXPENDITURE | 79,025 | 42,800 | |
| NET SURPLUS (DEFICIT) FOR THE | YEAR | (8,142) | 5,399 |
| Funds brought forward | 89,372 | 83,973 | |
| FUNDS CARRIED FORWARD |
6 | 81,230 | 89,372 |
The statement of financial activities includes all gains and losses recognised in the year.
All incoming resources and resources expended derive from continuing activities.
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QING HUA CHINESE SCHOOL CHARITABLE TRUST BALANCE SHEET FOR THE YEAR ENDED 31 AUGUST 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Notes: | £ | £ | |
| CURRENT ASSETS | |||
| Debtors | -- | -- | |
| Cash at bank and in hand | 81,230 | 89,372 | |
| __ | __ | ||
| 81,230 | 89,372 | ||
| CREDITORS: AMOUNTS | FALLING DUE | ||
| WITHIN ONE YEAR | 7 | 0 | 0 |
| __ | __ | ||
| NET CURRENT ASSETS | 81,230 | 89,372 | |
| REPRESENTED BY: | |||
| GENERAL FUND | 6 | 81,230 | 89,372 |
| __ | __ |
For the year ending 31/08/2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the companies Act 2006.
The director’s acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to small companies regime.
The financial statements were approved by the Board on …………………………………
……………………………………………..
Philip T.V. Chin (Director & Treasurer)
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QING HUA CHINESE SCHOOL CHARITABLE TRUST NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2023
1. ACCOUNTING POLICIES
1.1 BASIS OF PREPARATION OF ACCOUNTS
The accounts are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities (SORP 2000) issued in October 2000 applicable accounting standards.
1.2 INCOME
Income represents school fees receivable for classes together with charitable donations and income from other festival activities.
| 2. | VOLUNTARY INCOME | 2023 | 2022 |
|---|---|---|---|
| £ | £ | ||
| Income received for special events/Donations | 1,710 | 0 | |
| _ | ______ | ||
| 3. | DIRECT CHARITABLE EXPENDITURE | ||
| Staff costs |
32,649 | 34,860 | |
| Class room rental/Insurance | 36.546 | 0 | |
| Special events |
3,010 | 833 | |
| Teaching material |
3,879 | 6,840 | |
| Teacher Training | 535 | 0 | |
| __ | _ | ||
| 76,619 | 42,533 | ||
| 4. | ADMINISTRATION EXPENDITURE | ||
| Postage, stationary, photocopy & telephone | 2.315 | 147 | |
| Other administration/Interest charges | 90 | 120 | |
| __ | _ | ||
| 2.406 | 267 |
5. STAFF COSTS
No monetary remuneration was paid to the Trustees in the year and no expenses were reimbursed to them either. Their services were totally voluntary.
2023 2022 £ £ Wages and Social Security costs 32,649 34,860 _ ______
Staffs employed in connection with the teaching classes were all casual part-time and paid-onattendance only and the average number during the year was as follows:
| 2023 | 2022 | |
|---|---|---|
| Teaching staff | 22 | 22 |
| _ | ______ |
6. FUNDS
Unrestricted funds comprise those funds that the Trustees are free to use in accordance with the charitable objectives.
7. Creditors
Invoice for school rental charges received after close of financial year account.
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THE J.F. HUANG MEMORIAL FUND SUMMARY INCOME & EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 AUGUST 2023
The J.F. HUANG MEMORIAL FUND account has been closed by the Barclays bank due to lack of use during the pandemic close down period.
All remaining funds have been transferred to the Qing Hua School charitable account.
All Future expenditure on poetry competition and other student prizes will be paid for directly by the Qing Hua School account.
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