CtL4Rrrf NUMBER
1047452
NORTH £AST CHINESE ASSOCIATION - CHAIUTYNO: 1047452
REPORT AND AcCou￿rS
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.Tl￿e 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 reIMt￿lsernen1 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 n￿rIst£
DetsSls
Fund to T*hlch
Currnnt valug
onal
Detal
Co¥t (opoonall
FMd tovrtdch
Cuffgnt valuo
onal
Details
Cost lopt10￿11
SO￿00
B4 Assets retained for tho
charlty's own use
val
2>27 Stcmell Streel
Ne*rath UF￿￿ Tyrn NE14YB
toiyhkh
Afflount due
OM
When du•
Details
Il•bll
B5 Llabllltles
B6 Net Assets
Slgned ty one or two tr￿lee5 on
behalf of all the trustees
Date of
roval
Slgnature
Prfnt Name
70fv4
WK
CCXX R5 arxounts ISS)
0111012024