Buddhist Compassion Relief Tzu-Chi Foundation Limited
Annual report and financial statements for the year ended 31[st] December 2024
Contents
Pages :
- 1 Directors’ & Trustees’ Report 2 Statement of Trustees’ Responsibilities
3-4 Accountant’s Report 5 Profit & Loss Accounts 6 Balance Sheet 7-9 Notes forming part of the Accounts
Directors & Trustees :
CL Chu P. Liu M. Lin
Company Secretary & Registered Office
Y. Peng 23a Craven Terrace London W2 3QH
Company Number : 2990368
Charity Registration Number : 1050821
Accountant :
Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Buddhist Compassion Relief Tzu-Chi Foundation Limited Annual report and financial statements for the year ended 31[st] December 2024
Directors’ & Trustees’ Report
The directors present their report together with the financial statements for the year ended 31[st] December 2024.
Principal activities
The main activities of the Company during the financial period have been the provision of Chinese culture, the teaching of Buddhism and to help elderly persons and the poor.
Objectives of the Charity
The objectives of the Buddhist Compassion Relief Tzu-Chi Foundation are to promote the teaching of Chinese language, culture and Buddhism to children and adults. To help old and sick people, disabled and displaced people and assist in disaster relief.
Activities and Review during the year
During the year various fund raising activities were undertaken to provide relief and support to homeless, old people and disaster relief.
Directors and Trustees
The Directors and Trustees of the Company during the period were :
CL Chu P Liu M Lin
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 31[st] August 2025 and signed on its behalf
CL Chu
Director
1
Buddhist Compassion Relief Tzu-Chi Foundation Limited Annual report and financial statements for the year ended 31[st] December 2024
Statement of Trustees’ responsibilities for the accounts.
The purpose of this statement is to distinguish the trustees’ responsibilities for the accounts from those of the accountants as stated in their report.
The Charities Act 2011 requires the trustees to ensure that accounting records are kept in respect of all charity’s transactions, and to prepare a statement of accounts for each accounting period consisting of a statement of income and expenditure account and a balance sheet. The trustees are also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the accounts the trustees are expected to :
1) Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent.
2) Follow the recommendations of the Charity Commission and of the accounting profession with regard to from and content of the accounts, or to disclose and explain any departures therefrom: and
- 3) Prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
On behalf of the Board of Trustees
CL Chu 31[st] August 2025 Trustee
2
Independent Examiner’s Report
To the Directors and Trustees on the unaudited accounts of Buddhist Compassion Relief Tzu-Chi Foundation Limited
We report on the accounts of the Buddhist Compassion Relief Tzu-Chi Foundation Limited for the year ended 31[st] December 2024, which are set out on pages 5-9.
Respective responsibilities of Trustees and Examiner
The charity’s trustees and directors are responsible for the preparation of the accounts. The trustees and directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and has requested that an independent examination is undertaken even though the charity gross income is less than £250,000.
I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :
-
examine the accounts ( under section 145 of the 2011 Act )
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried our in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material aspects the requirements.
-
to keep accounting records in accordance with section 386 of the Companies Act 2006 and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
3
Independent Examiner’s Report
have not been met or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
1[st] September 2025
Arthur Han Associates Ltd Chartered Certified Accountants 23a Craven Terrace London W2 3QH
4
Buddhist Compassion Relief Tzu-Chi Foundation Limited Profit and Loss Accounts for the year ended 31[st] December 2024
Income Resources Used Interest Received Surplus/(Deficit) for the year Reserves Brought Forward Reserves Carried Forward |
Notes 2024 £ 1 167,036 2 ( 165,527 ) 5 5,048 6,557 206,652 213,209 |
2023 £ 73,065 ( 91,543 ) 1,218 (17,260) 223,912 206,652 |
|---|---|---|
The Company has no recognised gains or losses other than those included in the net surplus above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the net surplus for the year before taxation and the income for the year stated above and the historical cost equivalents and therefore no separate note of historical cost profits and losses has been presented.
5
Buddhist Compassion Relief Tzu-Chi Foundation Limited Balance Sheet as at 31[st] December 2024
| Notes Current Assets Cash in Hand & at Bank Creditors : Amount falling due within one year 7 Net Current Assets Total Net Assets Represented : Reserve Funds : Unrestricted Funds : 8 Restricted Funds 9 |
2024 2023 £ £ £ £ 227,463 218,303 14,254 11,651 213,209 206,652 213,209 206,652 137,023 130,465 76,186 76,187 213,209 206,652 |
2024 2023 £ £ £ £ 227,463 218,303 14,254 11,651 213,209 206,652 213,209 206,652 137,023 130,465 76,186 76,187 213,209 206,652 |
|---|---|---|
| 206,652 | ||
| 130,465 76,187 206,652 |
The Company is entitled to exemption from an audit under Section 477 of the Companies Act 2006 for the year ended 31[st] December 2024
The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] December 2024 in accordance with Section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with section 386 & 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of the affairs of the Company as at 31[st] December 2024 and of its profit for the period then ended in accordance with the requirements of section 394 & 395, which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company.
The accounts have prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
31[st] August 2024
CL Chu Director
6
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
1 ) Accounting Policies
The financial statements have been prepared under the historical cost convention using the following accounting policies.
a) Income
Details School Fees Donations & Gifts |
Unrestricted Funds 2024 £ 27,573 124,199 151,772 |
Restricted Funds 2024 £ - 15,264 15,264 |
Total 2024 £ 27,573 139,463 |
Unrestricted Funds 2023 £ - 42,003 42,003 |
Restricted Funds 2023 £ 18,333 12,729 31,062 |
Total 2023 £ 18,333 54,732 |
|---|---|---|---|---|---|---|
| 167,036 | 73,065 |
b) Depreciation
Depreciation is provided to write off the cost less estimated residual value of all fixed assets over their useful lives at the following rates :
Equipment & Fittings & Fixtures : 25% per annum on straight line basis
c) Cash Flow Statement
The Company has adopted FRS1 and has taken advantage of the exemption provided under that Standard, not to prepare a cash flow statement.
2 ) Resources Expended
| Unrestricted Funds 2024 Details Notes £ Direct Donations4 77,636 School Expenses5 45,197 Support to homeless and elderly people 13,354 Administration3 14,076 Total Expenses 150,263 |
Restricted Funds 2024 £ 15,264 - - - 15,264 |
Total 2024 £ 92,900 45,197 13,354 14,076 165,527 |
Total 2024 £ 92,900 45,197 13,354 14,076 |
Unrestricted Funds 2023 £ 20,502 - 9,744 11,556 41,802 |
Restricted Funds 2023 £ 14,445 35,296 - - 49,741 |
Total 2023 £ 34,947 35,296 9,744 11,556 |
|---|---|---|---|---|---|---|
91,543 |
| 3 ) Direct and Indirect Expenses Administration | 3 ) Direct and Indirect Expenses Administration | Administration |
|---|---|---|
| 2024 | 2023 | |
| Details | £ | £ |
| Sundries | 674 | 721 |
| Travel | - | 443 |
| Printing & Stationery | 581 | - |
| Insurance | 263 | 405 |
| Rent & Storage | 12,558 | 9,987 |
| Total Expenses | 14,076 | 11,556 |
7
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
| 4 ) Direct Charitable Donations | 4 ) Direct Charitable Donations | 4 ) Direct Charitable Donations | 2024 | 2024 | 2023 | 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||||||
| Miscellaneous/General | 92,900 | 20,502 | |||||||||||||
| Emergency Relief | - | 14,445 | |||||||||||||
| Total Donations | 92,900 | 34,947 | |||||||||||||
5 ) School Expenses |
2024 | 2023 | |||||||||||||
| £ | £ | ||||||||||||||
| School Fees | 27,573 | 18,333 | |||||||||||||
| Expenses | |||||||||||||||
| Rent | 8,840 | 9,600 | |||||||||||||
| Teachers Wages | 21,152 | 16,599 | |||||||||||||
| Insurance | 635 | 612 | |||||||||||||
| Payroll Cost | 1,500 | 1,400 | |||||||||||||
| Books/Stationery etc | 2,211 | 3,899 | |||||||||||||
| Travel | 290 | - | |||||||||||||
| Teacher Training | - | 2,024 | |||||||||||||
| Website | 9,000 | ||||||||||||||
| Software | 1,569 | 382 | |||||||||||||
| Advertising | - | 780 | |||||||||||||
| (45,197) | (35,296) | ||||||||||||||
| Net Deficit |
(17,624) | (16,963) | |||||||||||||
6 ) Reserve Funds |
|||||||||||||||
| Unrestricted Restricted | **Unrestricted ** | Restricted | |||||||||||||
| Funds | Funds | Total | Funds | Funds | Total | ||||||||||
| Details | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |||||||||
| £ | £ | £ | £ | £ | £ | ||||||||||
| Opening Balance | 130,466 | 76,186 | 206,652 | 129,047 | 94,865 | 223,912 | |||||||||
| Income/Donation | 151,772 | 15,264 | 167,036 | 42,003 | 31,062 | 73,065 | |||||||||
| Bank Interest | 5,048 | - | 5,048 | 1,218 | - | 1,218 | |||||||||
| Resources Expended | (150,263) | (15,264) | (165,527) | (41,802) | (49,741) | (91,543) | |||||||||
| Closing Balance | 137,023 | 76,186 | 213,209 | 130,466 | 76,186 | 206,652 |
8
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
9 ) Restricted Funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and gifts held on trusts to be applied for specific purposes
| Balance at 1.1.24 Income Expenditure Balance at 31.12.24 |
Relief £ 34,366 - - 34,366 |
Education £ 41,820 - - 41,820 |
Total £ 76,186 - - |
|---|---|---|---|
| 76,186 |
10 ) Share Capital
The Company is limited by guarantee and has no share capital. The liability of the members under guarantee is limited to £1 each .
9
Charity No: 1050821 Company No : 2990368
Buddhist Compassion Relief Tzu Chi Foundation Limited Financial Statements For the year ended 31[st] December 2024
YT Lau & Co Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Buddhist Compassion Relief Tzu-Chi Foundation Limited
Annual report and financial statements for the year ended 31[st] December 2024
Contents
Pages :
- 1 Directors’ & Trustees’ Report 2 Statement of Trustees’ Responsibilities
3-4 Accountant’s Report 5 Profit & Loss Accounts 6 Balance Sheet 7-9 Notes forming part of the Accounts
Directors & Trustees :
CL Chu P. Liu M. Lin
Company Secretary & Registered Office
Y. Peng 23a Craven Terrace London W2 3QH
Company Number : 2990368
Charity Registration Number : 1050821
Accountant :
Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Buddhist Compassion Relief Tzu-Chi Foundation Limited Annual report and financial statements for the year ended 31[st] December 2024
Directors’ & Trustees’ Report
The directors present their report together with the financial statements for the year ended 31[st] December 2024.
Principal activities
The main activities of the Company during the financial period have been the provision of Chinese culture, the teaching of Buddhism and to help elderly persons and the poor.
Objectives of the Charity
The objectives of the Buddhist Compassion Relief Tzu-Chi Foundation are to promote the teaching of Chinese language, culture and Buddhism to children and adults. To help old and sick people, disabled and displaced people and assist in disaster relief.
Activities and Review during the year
During the year various fund raising activities were undertaken to provide relief and support to homeless, old people and disaster relief.
Directors and Trustees
The Directors and Trustees of the Company during the period were :
CL Chu P Liu M Lin
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 31[st] August 2025 and signed on its behalf
CL Chu
Director
1
Buddhist Compassion Relief Tzu-Chi Foundation Limited Annual report and financial statements for the year ended 31[st] December 2024
Statement of Trustees’ responsibilities for the accounts.
The purpose of this statement is to distinguish the trustees’ responsibilities for the accounts from those of the accountants as stated in their report.
The Charities Act 2011 requires the trustees to ensure that accounting records are kept in respect of all charity’s transactions, and to prepare a statement of accounts for each accounting period consisting of a statement of income and expenditure account and a balance sheet. The trustees are also responsible for safeguarding the charity’s assets, and hence for taking reasonable steps for the prevention and detection of error, fraud and other irregularities.
In preparing the accounts the trustees are expected to :
1) Select suitable accounting policies and apply them consistently, making judgements and estimates that are reasonable and prudent.
2) Follow the recommendations of the Charity Commission and of the accounting profession with regard to from and content of the accounts, or to disclose and explain any departures therefrom: and
- 3) Prepare the accounts on the going concern basis unless it is inappropriate to assume that the charity will be able to continue to meet its objectives.
On behalf of the Board of Trustees
CL Chu 31[st] August 2025 Trustee
2
Independent Examiner’s Report
To the Directors and Trustees on the unaudited accounts of Buddhist Compassion Relief Tzu-Chi Foundation Limited
We report on the accounts of the Buddhist Compassion Relief Tzu-Chi Foundation Limited for the year ended 31[st] December 2024, which are set out on pages 5-9.
Respective responsibilities of Trustees and Examiner
The charity’s trustees and directors are responsible for the preparation of the accounts. The trustees and directors consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and has requested that an independent examination is undertaken even though the charity gross income is less than £250,000.
I am qualified to undertake the examination by being a qualified member of the Association of Chartered Certified Accountants.
Having satisfied myself that the Charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to :
-
examine the accounts ( under section 145 of the 2011 Act )
-
follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried our in accordance with the 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention :
1) which gives me reasonable cause to believe that in any material aspects the requirements.
-
to keep accounting records in accordance with section 386 of the Companies Act 2006 and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
3
Independent Examiner’s Report
have not been met or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
1[st] September 2025
Arthur Han Associates Ltd Chartered Certified Accountants 23a Craven Terrace London W2 3QH
4
Buddhist Compassion Relief Tzu-Chi Foundation Limited Profit and Loss Accounts for the year ended 31[st] December 2024
Income Resources Used Interest Received Surplus/(Deficit) for the year Reserves Brought Forward Reserves Carried Forward |
Notes 2024 £ 1 167,036 2 ( 165,527 ) 5 5,048 6,557 206,652 213,209 |
2023 £ 73,065 ( 91,543 ) 1,218 (17,260) 223,912 206,652 |
|---|---|---|
The Company has no recognised gains or losses other than those included in the net surplus above and therefore no separate statement of total recognised gains and losses has been presented.
There is no difference between the net surplus for the year before taxation and the income for the year stated above and the historical cost equivalents and therefore no separate note of historical cost profits and losses has been presented.
5
Buddhist Compassion Relief Tzu-Chi Foundation Limited Balance Sheet as at 31[st] December 2024
| Notes Current Assets Cash in Hand & at Bank Creditors : Amount falling due within one year 7 Net Current Assets Total Net Assets Represented : Reserve Funds : Unrestricted Funds : 8 Restricted Funds 9 |
2024 2023 £ £ £ £ 227,463 218,303 14,254 11,651 213,209 206,652 213,209 206,652 137,023 130,465 76,186 76,187 213,209 206,652 |
2024 2023 £ £ £ £ 227,463 218,303 14,254 11,651 213,209 206,652 213,209 206,652 137,023 130,465 76,186 76,187 213,209 206,652 |
|---|---|---|
| 206,652 | ||
| 130,465 76,187 206,652 |
The Company is entitled to exemption from an audit under Section 477 of the Companies Act 2006 for the year ended 31[st] December 2024
The members have not required the company to obtain an audit of its financial statements for the year ended 31[st] December 2024 in accordance with Section 476 of the Companies Act 2006.
The Directors acknowledge their responsibilities for ensuring that the Company keeps accounting records which comply with section 386 & 387 of the Companies Act 2006 and for preparing accounts which give a true and fair view of the state of the affairs of the Company as at 31[st] December 2024 and of its profit for the period then ended in accordance with the requirements of section 394 & 395, which otherwise comply with the requirements of the Companies Act 2006 relating to the financial statements, so far as applicable to the company.
The accounts have prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008).
31[st] August 2024
CL Chu Director
6
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
1 ) Accounting Policies
The financial statements have been prepared under the historical cost convention using the following accounting policies.
a) Income
Details School Fees Donations & Gifts |
Unrestricted Funds 2024 £ 27,573 124,199 151,772 |
Restricted Funds 2024 £ - 15,264 15,264 |
Total 2024 £ 27,573 139,463 |
Unrestricted Funds 2023 £ - 42,003 42,003 |
Restricted Funds 2023 £ 18,333 12,729 31,062 |
Total 2023 £ 18,333 54,732 |
|---|---|---|---|---|---|---|
| 167,036 | 73,065 |
b) Depreciation
Depreciation is provided to write off the cost less estimated residual value of all fixed assets over their useful lives at the following rates :
Equipment & Fittings & Fixtures : 25% per annum on straight line basis
c) Cash Flow Statement
The Company has adopted FRS1 and has taken advantage of the exemption provided under that Standard, not to prepare a cash flow statement.
2 ) Resources Expended
| Unrestricted Funds 2024 Details Notes £ Direct Donations4 77,636 School Expenses5 45,197 Support to homeless and elderly people 13,354 Administration3 14,076 Total Expenses 150,263 |
Restricted Funds 2024 £ 15,264 - - - 15,264 |
Total 2024 £ 92,900 45,197 13,354 14,076 165,527 |
Total 2024 £ 92,900 45,197 13,354 14,076 |
Unrestricted Funds 2023 £ 20,502 - 9,744 11,556 41,802 |
Restricted Funds 2023 £ 14,445 35,296 - - 49,741 |
Total 2023 £ 34,947 35,296 9,744 11,556 |
|---|---|---|---|---|---|---|
91,543 |
| 3 ) Direct and Indirect Expenses Administration | 3 ) Direct and Indirect Expenses Administration | Administration |
|---|---|---|
| 2024 | 2023 | |
| Details | £ | £ |
| Sundries | 674 | 721 |
| Travel | - | 443 |
| Printing & Stationery | 581 | - |
| Insurance | 263 | 405 |
| Rent & Storage | 12,558 | 9,987 |
| Total Expenses | 14,076 | 11,556 |
7
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
| 4 ) Direct Charitable Donations | 4 ) Direct Charitable Donations | 4 ) Direct Charitable Donations | 2024 | 2024 | 2023 | 2023 | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| £ | £ | ||||||||||||||
| Miscellaneous/General | 92,900 | 20,502 | |||||||||||||
| Emergency Relief | - | 14,445 | |||||||||||||
| Total Donations | 92,900 | 34,947 | |||||||||||||
5 ) School Expenses |
2024 | 2023 | |||||||||||||
| £ | £ | ||||||||||||||
| School Fees | 27,573 | 18,333 | |||||||||||||
| Expenses | |||||||||||||||
| Rent | 8,840 | 9,600 | |||||||||||||
| Teachers Wages | 21,152 | 16,599 | |||||||||||||
| Insurance | 635 | 612 | |||||||||||||
| Payroll Cost | 1,500 | 1,400 | |||||||||||||
| Books/Stationery etc | 2,211 | 3,899 | |||||||||||||
| Travel | 290 | - | |||||||||||||
| Teacher Training | - | 2,024 | |||||||||||||
| Website | 9,000 | ||||||||||||||
| Software | 1,569 | 382 | |||||||||||||
| Advertising | - | 780 | |||||||||||||
| (45,197) | (35,296) | ||||||||||||||
| Net Deficit |
(17,624) | (16,963) | |||||||||||||
6 ) Reserve Funds |
|||||||||||||||
| Unrestricted Restricted | **Unrestricted ** | Restricted | |||||||||||||
| Funds | Funds | Total | Funds | Funds | Total | ||||||||||
| Details | 2024 | 2024 | 2024 | 2023 | 2023 | 2023 | |||||||||
| £ | £ | £ | £ | £ | £ | ||||||||||
| Opening Balance | 130,466 | 76,186 | 206,652 | 129,047 | 94,865 | 223,912 | |||||||||
| Income/Donation | 151,772 | 15,264 | 167,036 | 42,003 | 31,062 | 73,065 | |||||||||
| Bank Interest | 5,048 | - | 5,048 | 1,218 | - | 1,218 | |||||||||
| Resources Expended | (150,263) | (15,264) | (165,527) | (41,802) | (49,741) | (91,543) | |||||||||
| Closing Balance | 137,023 | 76,186 | 213,209 | 130,466 | 76,186 | 206,652 |
8
Buddhist Compassion Relief Tzu-Chi Foundation Limited Notes forming part of the accounts for the year ended 31[st] December 2024
9 ) Restricted Funds
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and gifts held on trusts to be applied for specific purposes
| Balance at 1.1.24 Income Expenditure Balance at 31.12.24 |
Relief £ 34,366 - - 34,366 |
Education £ 41,820 - - 41,820 |
Total £ 76,186 - - |
|---|---|---|---|
| 76,186 |
10 ) Share Capital
The Company is limited by guarantee and has no share capital. The liability of the members under guarantee is limited to £1 each .
9
Charity No: 1050821 Company No : 2990368
Buddhist Compassion Relief Tzu Chi Foundation Limited Financial Statements For the year ended 31[st] December 2024
YT Lau & Co Chartered Certified Accountant 23a Craven Terrace London W2 3QH
Independent Examiner’s Report
have not been met or
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
4 <A, Ja fore em 1*t September 2025 Arthur Han Associates Ltd Chartered Certified Accountants 23a Craven Terrace London W2 3QH
=