CtL4Rrrf NUMBER 1047452 NORTH £AST CHINESE ASSOCIATION - CHAIUTYNO: 1047452 REPORT AND AcCourS FOR THE YEAR ENDED 31 MARCH 2024
NORTH EAST CHINESE ASSOCIATION - CHARITY NO: 1047452 INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED Res eetive Res onsibilities of Trnstees and Examiner The trustees of the charity are respx)nsible for the preparation of accounts. They consider that the audit requirernent under section 144 of the Charities Act 2011 does not apply. I have been appointed under section 145 of the Charities Act 2011 and report in accordance with the regulations made under section 145(5)(b) of that Act. It is my responsibility to examine the account and statemenL without perfonning an audit. and to report to the tNstees. Basls of Examfjner's Statement My examination was carried out in accordance with general Directions given by the Charity Commission. 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 or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audAL and consequently no opinion is given as to whether the accounts Examinerl S Based on my examinatioo no matter has come to my attention that gives me reasonable cause to believe that, in any material respect, accounting records have not been kept in accordance with section 130 of the Charities Act 2011, or that the accounts presented do not accord with those records or comply with the accounting r¢quirem¢nts of that Act. No matter has come to my attention in connection with my examination to which. in my opinion, attention should be drawn to enable a proper understanding of the accounts to be ached. KKI I, LLB,FCC&ACMA Chartered Certified Accountant & Business Consultant Gateshead 3010912024
North East Chlnese Assoclatlon Notes to the Recelpts and Payments Statement . For tha year ended 31 March 2024 Note1. Results The results are shown in the attached accOunts.Tle were restn'cted funds this financial year. Note 2. Freehold Property The freehold propety situated at 25r27 Stowell Street, Newcastle Upon Tyne filtle No.ND5949 is included in the accounts at the transfer value of £50.000 ( Fffty Thousand pounds) on 25 July 1983. The propety has not been revalued since that date. Note 3 25127 Stowell street suffered extensive water damage - The Charity received insurance ctaims money totalling £47250 - all the daim mney Yrns used in repais work. professional claim fees. Note 4. Trustses The trustees did not receive any remuneration and no reIMtlsernen1 of expenses There a in total including new appointees 6 trustees ap[ed by ts Chaiity Note 4. Legal and Taxatlon Status The Association is sel up under a conststution. It is a registered charity arKI as such has no taxable income. Note S. Summary: Totsl receipts during the year Total paJThents during year 54,976 51.569 net defscit at the erKI of year 3,407
No lif Tlnyl NORTH EAST CHINESE ASSOCIATION Receipts and payments accounts CC16a For the period from To 0110412023 3110312024 Section A Receipts and payments Unrestricted funds Restricted funds Endowment funds Total funds Last year to the nearest £ A1 Recelpts Receipt5 Irom Comrnunity Acts'vitie5 during the year 2,735 2,735 734 Grants .'Aoe Concernl NSPCC DonalionslEvenls- Chinese Community 2,141 2,141 6,465 Donalions- Others Surplus arising on projeclslaclivits'es Rents rorAived 2,850 2,850 2.200 Memb&rship subscriptions Sundry refvnd.. advertising,refurb,olhers Insurance daim water damage 47,250 47,250 Sub total 54,976 54,976 9,399 A2 Asset and Investment sales, etc. Total recelpts 54.976 54,976 9.399 A3 Payments Payments ielaling lo organlsing communily aclivilies Salaries,wages and olhef ¢mploy$e costs Prernises costs., lighl.gas.rales,water,insuran,elC offi and administrative expenses 3.727 3.727 6,346 115 115 soo Donations lo other organisaiions 5,42S Profe55ional lees. insurance claim 1.890 1,890.00 Advertising Membership le?5 Building repair & rna1n1anen. note 3 45,837 4S,837.00 Sundry p8ymen¢5 120 Sub total S1,569 51.569 12,391 A4 A89et and Investment purchases, etc. Total payments 51,569 51.569 12.391 Net of receipts/(payments) A5 Transfers between funds 3,407 3.407 2,992 A6 Cash funds last year end Cash funds this year end 6.758 6,758 9,750 10.165 10,165 6,758 CCXX R4 accounts ISSI 0111012024
Section B Statement of assets and liabilities at the end of the period Unrestrfcted Rostrlcted nds funds to neare8t£ lo nvamt£ Endowment funds to n•are5t £ Categories Detsils B1 Cash funds 7.180 Total cash funds 10.165 4xwd(s}) OK Unreslrfcted funds to n•arn8t £ OK Restrfcted fund8 to E OK EndoTAment fund8 lo nrIst£ DetsSls Fund to Thlch Currnnt valug onal Detal Co¥t (opoonall FMd tovrtdch Cuffgnt valuo onal Details Cost lopt1011 SO00 B4 Assets retained for tho charlty's own use val 2>27 Stcmell Streel Nerath UF Tyrn NE14YB toiyhkh Afflount due OM When du• Details Il•bll B5 Llabllltles B6 Net Assets Slgned ty one or two trlee5 on behalf of all the trustees Date of roval Slgnature Prfnt Name 70fv4 WK CCXX R5 arxounts ISS) 0111012024