Charity R¢gi$tratlon No. 1051778
C¢)mparry Registratlon No. 2576177 (England and Wales)
HARINGEY CHINESE CENTRE
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021

HARINGEY CHINESE CENTRE
LEGAL AND ADMINISTRATIVE INFORMATION
Managoment Committee
Mr Chan Keury Ho
Mr Gavin Fung
Mrs Men Lin Chen
Ms Wnnie
Mr Kh￿ Lai Tang
s Denise Ng
Ms Hèlena Ng
Mr HLY Yat Twi
Socrgtary
Mr Gavin Fung
Charity numb•
1051778
Company n￿nber
2575177
Reglst•rod offi
211 Langham Road
London
N15 3LH
Audltor
Bacha & Bacha {Audit) Lirrlted
stirting House
107 Stirting Road
Lon¢kn
N22 5BN
Bank•rn
c￿operat￿e Bank Pl¢
195 High Road
IAknd Green
London
N22 6DP

HARINGEY CHINESE CENTRE
CONTENTS
Pa
Trustees. report
Statement of trustees, responsbilities
Independent audltovs report
Stslement of finan¢ial a¢tlwti¢s
Balar￿ sheet
10- 11
Notes tothe financAal statefflents
12-24

HARINGEY CHINESE CENTRE
TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT)
FOR THE YEAR ENDED 31 MARCH 2021
Th¢ Iwslees present their annual report and finar￿la1 statements for Ihe year ended 31 March 2021.
The financial stattments have been prepared in accordance with the accounting policies sel out In note 110 the
financial statements and comply wlh the chantable ¢ornpanl5 Tnemoranduwn of a550ciation. the Ctsmpanie$ Act
2006 and 'Accountlng and Repotb"ng by Charrties.. Statement of Recommended Practicè applicable lo charrties
preparing thelr accounts in accordance vAth the Financial Reporbng Slandard applicable in the UK and Republic
of Ireland IFRS 1021 (effective 1 January 20191".
Objectlvos and activiti•s
The charitsble company's obleth'ves and aCti￿tieS of the tharity are:
To promgte the benefit of Ihe inhabitants of Haringey aTrJ th8 nèighbourhoods and in P4￿cular, Chinese
people, without disth'nction of sex or of pulrttcal, relgiou$ or other opinions by associats'ng the local authortlie$,
voluntary organisations and inhabitants in a ￿mMOn effort lo advance educatkjn and to provide facilities in the
interests of social welfare for recreation and ￿SUre o¢¢upation vitlh the objectwe of improving the conditlons
of Ilfe for the said inhabitants.
- To establish or secure the estaNishment of a communty centre and to maintain and manage, or to co-operate
th any tha15tstutory authority in the maintenance and managèmènt of such a centre for activllles promoted by
the associatson and its constrluent t￿dIeS in furtWarKe of the obpcts.
To promote good relat￿n$ in Haringey and its surrounding districts by endeavouring lo eliminaie dIs￿MInall0n
on grounds of race and en￿UragIng equalty of opportunty bets¥een persons of diffe￿nI racial groups.
To fftlE¥e the povety ot the Chinese ¢))mmunity in Haringey by the provision of adwce, and assistance lo
Improve their qualrty of life and lo help them Inlegraling inlo the mainstream Society.
The 8eliwts.es adopted in ￿rtheranCe of these obj'eds are thè pmMslon of irrformalion, adwce, thcacy and
training., supporting WInerab￿ members by provKJing appropriate care. healthy living advice and refenal to
health SerV￿eS, reducing Isolati(￿ by devdop*ng curtural and SOCI￿ activities anrj running joint ev•nls vlth
Haringey Coundl and other loca community ¢rganisations lo combat exdusion.
The Iru$tee$ have paid due regard to gU￿18n¢e issued by the Charity Commission in decidlng what a¢￿vit￿S the
charitable c4)mpany should undertake. Ojr Centre has ¢onb'nued to delver a variety of services lo meet tr
needs ol the Chinese communty in Haringey and the surrounding tKircwhs.

HARINGEY CHINESE CENTRE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORTI {CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Achlevements and perfornlance
Seivices and activrtie5 Pro￿$1￿$ ¢arried out during the year were:
11 Support athice SeNice
The Haringey Councl fiJrMlirhg was terminated on 31 July 2019., but the centre
continued ID provide the 4d¥ire and support seryice5 to solve Qui membet5' problem5" helping the local Chinese
r•sidents to access different hOU￿ng related seN￿S induding prevention of homelessness, housing repairs,
rent arrear5, lax uedils, universal credits, various wetrarÈ and beneffts daims, educalion, health seryices,
utilities, social and living, inlerpretsb'on and telephone enquiries, etc.
2) Saturday Chinese School - This year, we continued to rxowde 2 houts, Chinese language and culture onllne
teaching to our students on Saturday moming bets%Een 10.'30 to 12'.30 because of the uncertainty of the
pandemic situation. More than 130 students have registered for dfftrenl dasses from Year I lo Year 8 IGCSE
level this yèar.
3} Volunteers Group - We havè re¢nJited mary vrAunlews to ￿1p and 8UPPOrt our Chinese Community. Their
works ineluded tea¢hing English: compub'ng skills. use of MO￿le phone skill$, So￿31 darsce training or working as
the teaching assistants lo help our Chinese School teacher5 during the classroJm leaching. All volunteers
slopped working from March 2020 folbving the pandemK OLrtbr¢ak.
41 After S¢htr)I club - Thi$ year, Ihe usual English and Mathematics tuith)n das8e8 1¢ improve our sludents,
literacy and rbumeracy skills have been put on hold since the tyJtbreak of the Covid 19 pandemic from March
2020.
5) Pharmacy Collection Service - We w(￿ked ¥*ith a IWAI chemist collected all the prescriptions from the
GPS on behalf of our serw¢e users and packed th￿r Med￿at￿on$ into a blister box system to ensur¢ that Ihpy
were taking their daily nRdications safety, punduauy and correctty. Followng the Covid 19 outbreak in MarGh
2D20, the prescriptions are being delNered diredly to our d￿nIS by the pharmacy.
61 Health Talksthealth ExeraseslJoint Events - the A¢upun¢turist, Mr. Ma conllnued lo prtrvlde online Tai Chl,
heaNh exerclses two limes a week to pronY>te the wdkbeing of our members. From March 2Q20 all health talks
and exercises were done online.
n Women's Group. Thi$ $eNice wa$ wt on hold tr¢￿ March 2020 folhJMng Ihe pandemic oulbrea
81 Outings- No actNilies ware plann8d for thks year follo*ing Ihe pandemic crtrtbreak from March 2020.
The effedlveness of our services and activities mèasured by the outu)mes and the feedbacks from our
service user$. Opinions, comments and su99estions were c￿￿ed from our members lor future initiatives and
consideration of project piovisions irh order lo rrwl the thanging needs of the communrty.
We will contsnue to prowde valuable ser¥￿e3 and ath.vths for our members and to exploit More fvnding
¢)PPtrrtunities to dèvèlop nM)re projècts prowsions. *fjll work togèlhar H3ringÈy Counryl and other
organisations to promote neMDth"ng, partnerships, communty involvement and cohesion.
Flnanclal review
The chadty's total reserves as al the Balance Sheet date was £991,082 {2020 £883,908). Of this £8,39412020
£8,394> was restricted and £189,736 12020 £189:7361 was designated fijnds. Other reserves represent gains
from revaluiro the investment properties V•Ere £467.553 12020 £345,044). The Chanty's free reserves, not
invested in fixed assets or designated for ¢)ther wrposes st￿d at £82.660 {2020 £97,156).
11 Is the ￿lleY of the Charitable ￿rnPany that unrestricted fvnds which have nol been des￿n3¢ed for a specific
us• should be maintained al a level equwalenl to bets%Een three and six nKsnth's unrestricled expenditure, which
the trustees believe lo be ar¢und £50,000. The trustees ¢onsidefS that reseNe$ al this level S￿11 ensure that, In
tho event ol a signfficant drop in funding.. they *ill be able to conbnue the charttable Conyany's current actr'vitses
while ¢on$ideration is given lo ways in which additional bjnds may be raised. This level of reserves has been
maintained IhroughoLrt the year.

HARINGEY CHINESE CENTRE
TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) ICONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Th8 charity reLYved total unrestn'cted income of £74,102 during the year {2020 £136,775). Of Ihis, £30,785
(2020 £54,958) iy from Ihe Chlnese S¢hoc4 and renta incorne of£25.07912020 £24,222}.
The charty expended £89,437 (2020 £133.000) on its charitable aCti￿ties. The costs of running the Centre from
which the majortty of seNi¢e$ are provlded were £47.841 (2020.. £50.9581. rK)ne 01￿1ch is covered by Testricled
Income. The costs of running the school amounted lo £42:670 (2019 £43,201).
Govemance costs were {£2,2731 {2020 £8.609}- The govemance cost is in crefjtt thi$ year due to the rever$81 of
legal fees attounled ba¢k in 2014. The legal fees were being disputed for prolessiona negligence but since they
have now passed the 6 years tima limit, the dir8ctOTS have decided to write off the fees.
Nel incomellloss) for the year, before revaknalion on investsnenl kyoperties and transfers boiween funds
amounted lo1£15,335112020 £3.7751.
The Iruslees have assessed the rnajor risks lo whth the charitable company 1$ exposed. and are satisfied that
sy3tem5 are in place lo mitsgate exposure lo the major risks.
Plans for fuiur• p•riods
Although our centre's financial fjn¢on￿ ha$ redU￿d in tl)e past rnonths since the outbreak of the pandemic and
the local lockdowns. il did not prevent us from delivering our Flanned semces by moving the existing lace-l¢>
face services online. Staff are Worki￿ from arKI U￿ng online cff motile 8ervKes to satisfy our clients,
needs.
In addilion, our operab'ng Surplus and rèseryes in th& past years have flnandalty sewred our sustalnablllty to
provide quallty ser¥kes and acliwlles lo meet the rEeds of our members.
structure. governance and management
The charitable corryany Is a company limited by guarantee, incorporated on 19 January 1991 and registered 05
Harfngey Chinese Centre on 11 De¢ember 1995. The Company was establlshed under a Memorandum of
Association bthich estatAished the objects ar￿ powers of the tharttsue company and Is goveme<l under its
Articles ofAs8orAakn.
The trustees. vtho are also the directors foi the pUT￿Se of company law, and vtho served durirwJ the year and up
to the date of signaiure of the financral slatemenls We￿..
Mr Chan Keung Ho
Mr Gawn Fung
Mrs Men Lin Chen
Ms Winnle Ll
Mr Khol Lai Tang
s Denise Ng
Ms Helena Ng
Mr Hoi Yat Tsoi
None of tre Iruslees hay any benefftcial interest in the company. AJI of the trustees are members of Ihe company
and guarant¢e lo contrilyjte £1 in the event of a *irKllng up.

HARINGEY CHINESE CENTRE
TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
The Centre has a Management Comnwttee of up lo 8 membeis Ntho meet approxlmalely every 2 er 3 months
and am rèsponsible fer thè stratègic dirèction and poI￿Y of the charity. Since the pandemic outbreak from March
2020, it vras not p0s￿bIe fof the management conwnittee to Tfteel up logelher., all the discussions and decisions
were approved by emails or oralty over the phone. Day to day re$wn$i￿.1ty foi the provi5i9n of the Services are
run by the Centre Manager and supwrted by other 81aff and the Management Committee. Recruilm8nt of
volunteers 15 through website: newsletters or by rècommèndab.ons by memberJ. V¢lunteery Servi¢es were pul on
hold since the pandemic OLrtbreak.
All members of the Management Committee give their time vduntarily an¢J receive no benefrts from Ihe charity.
Any expense8 r*Aaim&d from the charity are sel out in the notes lo the accounts.
Audltor
Bacha & Bacha (Audill Limited were appointed a$ audltor to the company and a reS0￿110n proposing that they
be r&appolnted wrfl be PLrt al a General Meets"ng.
The Iruslees, reportwas approved by the Board of Trustees.
MfGa
ng
23 March 2022

HARINGEY CHINESE CENTRE
STATEMENT OF TRUSTEES, RESPONSIBILrriES
FOR THE YEAR ENDED 31 MARCH 2021
The trustees, vtho are also the directors of Harirgey Chinese Centre for the purpose of company law, are
respo)nsible for preparing the Trustees, Report armj ffinancial statements in accordance wlh applicable law
and United lQngdom Accounting Standards induding Finanual Report'ng Standard 102.. The Financial Reporting
Standard applicable in the UK and Repu￿￿ of Ireland (United ￿ngdoM Generally Accepted Accounting
Praclicél.
Company Law requlres the trustees lo prepare financkil statements for each financbal year vthich give a true and
falr view ol the stale of affairs of Ihe charitable company and of the in¢oming resou￿$ and application of
resources, induding the income and expenditure. of the charitable company for that year.
In preparing these financial statements, Ihe trustees are required lo..
- seled suitable accounting pcAicies and then awy them consistenty.,
- obserye the mothods and prin¢lF4es in the Chaiitoes SORP;
. make judgements and eslimales Ihal are rea￿nable and pnjdent.,
slate vknether applicable UK Ac£ounling Standards have been fc1lov￿d, subject lo any rnalerial departures
disclosed and explalned in the ffinancial statements,. and
prepare the financlal statements on the going concem basis unle85 it 13 inappropriate to Presume that the
¢harilable company wll continue in operalion.
The truste•s are rèsponsibl& for maintaining propar accountiThJ reC￿S Ihat disdost wlh rèasonablè accuracy al
any time the flnancial position of the Charitab￿ company and enable Ihem lo ensure that the financAal statements
comply the Companles Act 2Q06. They are also reyngible for safeguarding the assets of the charitable
npany and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
In so far as the truslee$ are awaTe'.
- There is no relevant audit infomiation ol the tharits￿e companvs auditors are unaware.. and
- The trustees ha¥e taken all the slep5 that lth 0￿￿t lo have taken lo make themselves aware of any relevant
audit information and lo establish that the a￿￿1t91$ are avrare of that infomauon.
The Irustegs are re5W51ble for the maintenance and Integrity of the CorP￿￿e and financial information induded
on th& charitable companvs website. legislation in the United Kingdom govtming the prepafalion and
disseminat￿n of financial statements may differ frcrfn legisla￿.tsn in otherjurisdicaions.

## **HARINGEY CHINESE CENTRE** 

## **INDEPENDENT AUDITOR'S REPORT TO THE TRUSTEES OF HARINGEY CHINESE CENTRE** 

## **Opinion** 

We have audited the financial statements of Haringey Chinese Centre (the ‘charitable company’) for the year ended 31 March 2021 which comprise the statement of financial activities, the balance sheet and the notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice) . 

In our opinion, the financial statements: 

- give a true and fair view of the state of the charitable company's affairs as at 31 March 2021 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Companies Act 2006. 

## **Basis for opinion** 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## **Conclusions relating to going concern** 

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. 

## **Other information** 

The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

- 6 - 



## **HARINGEY CHINESE CENTRE** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HARINGEY CHINESE CENTRE** 

## **Matters on which we are required to report by exception** 

In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the Trustees' Annual Report. 

We have nothing to report in respect of the following matters in relation to which the Charities Act 2011 requires us to report to you if, in our opinion: 

- the trustees were  not entitled to prepare the  financial statements in accordance with the small companies regime and take advantage of the small companies ' exemptions in preparing the trustees'  r eport and from the requirement to prepare a  s trategic  r eport. 

- adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or 

- the financial statements are not in agreement with the accounting records and returns ; or 

- we have not  obtained all the information and explanations  necessary for the purposes of our audit. 

## **Responsibilities of trustees** 

As explained more fully in the  s tatement of trustees'  r esponsibilities, the trustees, who are also the directors of the charitable company for the purpose of company law, are  responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the  trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are  responsible for assessing the charitable company’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. 

## **Auditor's responsibilities for the audit of the financial statements** 

The trustees have elected for the financial statements to be audited in accordance with the Charities Act 2011 rather that the Companies Act 2006. Accordingly, w e have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with regulations made  under section 154 of that Act . 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below . 

A further description of our responsibilities is available on  the Financial Reporting Council’s website at: https:// www.frc.org.uk/auditorsresponsibilities.  This description forms part of our auditor's report. 

- 7 - 



## **HARINGEY CHINESE CENTRE** 

## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF HARINGEY CHINESE CENTRE** 

## **Use of our report** 

This report is made solely to the charity’s trustees, as a body, in accordance with section 144 of the Charities Act 2011 and the regulations made under section 154 of that Act. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body,  for our audit work, for this report, or for the opinions we have formed. 

**Yogendranath Bacha BA (Hons) BFP FCA (Senior Statutory Auditor) for and on behalf of Bacha & Bacha (Audit) Limited** 23 March 2022 

**Chartered Accountants Statutory Auditor** 

Stirling House 107 Stirling Road London N22 5BN 

- 8 - 



HARINGEY CHINESE CENTRE
STATEMENT OF FINANCIALACTIVITIES
INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2021
Unrestrlct•d Restricted
funds
2021
Total Unrnstrictsd RÈstrl¢t•d
funds
funds
2020
2020
Total
2021
2021
2020
Not
endowTnon
Donations and legai?e$
Charitable adivibes
Investments
Other income
8.108
30,785
25,696
9,513
8,108
30,785
25,696
9.513
6,808
61,357
25.013
14.327
6,808
90,e27
25,013
14.327
29,270
Total income
74,102
74,102
107,505
29,270
136,775
Charitsble aCtivi￿¢S
89,437
89,437
103,730
29,270
133,000
Nel gainslllosse51 on
Snve¥lmen15
10
112.509
112,509
122,757
122,757
Not Income for the yearl
Nét moY•m•nt in fvnds
97,174
97.174
126,532
126,532
Fund balances at 1 April 2020
875,514
8,394
883,908
748,982
8.394
757,376
Fund bala￿0$ at 31 Ilar¢h
2021
972,688
8.394
981.082
875,514
8,394
883,908
The statement offinancial activities Indudes all gains and losses rE¢yyJni5ed in the year.
All income and expenditure derive from continuing actiwties.
The 51alement of financial ath'vities also compli8s wth the requirements for an In￿Me and expendtture account
under the Companies Act 2006.

HARINGEY CHINESE CENTRE
BALANCE SHEET
AS AT31 MARCH 2021
2021
2020
Fixed assets
Tangible assets
Investment properties
11
12
242,739
578,266
243,578
465,757
821,005
709,335
Current assets
Debtors
Cash at bank and in hand
13
16.145
156,543
13,919
174,287
172.688
188,206
Credltors: amounts falling due Th*thln
ono year
14
112,6171
113,633}
Nel ¢urrenl assets
160,077
174,573
Total assets less CLmnt liabilities
981,082
883,908
Incom8 funds
Restricted funds
15
8,394
8,394
Designated funds
Other re8erye8
General unTeslricted fvnds
189,736
467.553
325,399
189,736
345,044
340,734
Unrèstrict•d fvnds
17
972,688
875.514
972.688
875,514
981,082
883,908
10-

HARINGEY CHINESE CENTRE
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2021
The company is enbtled lo the exemption from the audrt requirement contained in section 477 01 the Companies
Act 2006, for the year ended 31 Mar¢h 2021, although an audit ha$ been carried out under section 144 of the
Charities Act 2011.
The directors acknlwhedge their responsibilities for comptying Trmth the requirements of the Companies Act 2006
with respect lo accounting records and the prepara￿On of finanrAal statement5.
The members have not required the company to obl￿￿ an audit of its finawal statements under the
requirements of the Companies Act 2006, for the year in qUest￿n in aCCordar￿e with section 476.
These financial Statements have been prepared in accordance the provisions applicat4e to Companies
subject lo the small companies regime.
The financial ststemenls were approved by the Twstee5 on 23 March 2022
MrGa
Company Regi$tration No. 2575177

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2021
Accounting poll¢l•s
Charity information
Haringey Chinese Centre Is a Fthle company limited by guarantee incorporated In England and Wale8.
The registered office IS 211 Langham Road, London, N15 3LH.
1.1 Accountirvj conv•ntion
The financial slalements have been wepared in aceonlance WI￿ the charitable company's Igovemlng
documenll, the Companies Act 2006, FRS 102 "The Finanaal Reporting Standard applicable in the UK
and Republic of Ireland. fFRS 102") and the Chariti'es SORP -Accounb'ng and Reporting by Charities..
Statement of Re¢¢mmended Pra¢ti¢e ap ￿l¢able to ¢harities preparing Iheir a¢¢ounts in accordarTr* wth
the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffectwe I
January 20191. The tharitab￿ company 1$ a Publi¢ Benefft Entity as definèd by FRS 102.
The Gharitable company has taken a¢fvanlage of the provisK)ns in the SORP for charilles not 1¢ prepare a
Stslement of Cash FIQWS.
The financial 51aternerts ar¢ prepared in sterfing. is the fvn¢tional currew of the charitable
company. Monetary aM￿JnIS in these financial statements are rounded to the nearest £.
The ffinancral slalernents have been prepared urHler the historical cost convention, modrfied lo Include the
revaluation ¢1 freehold proparbes and to indude invéstmant propwb'es and certain financial instruments at
fair value. The prinupal accounb.ng policles adopted are set out bebw.
1.2 Going ¢orKom
Al th• time ol appKoving the financial statements. the trustees have a reasonable expectation that the
charita￿e company has adèquate resoureès tts eorttinuè in operab.￿￿ t￿stanC￿ for the lorasèÈ3bl•
ftAure. Thus the trustees conunue to adopt the going concem basis of accounting in preparing the financial
stalemenls.
1.3 Charitabl8 fvnds
Unrestn'ded funds are aVal￿e for use al the discredon of the trustee5 in frJrtheran¢e of their charitable
objectives.
Designated funds comprise fijnds wthich have been sel aside at the discretbjn of the Iruslees for specffjc
purposes. The purposes and uses of the de$TrJnated fvnd$ are sel out in the nolg$ lo the financlal
stalemenls.
Restricted lunds are Subject lo spe¢ffj¢ condthons by donors as to IK)w they may be used. The purposes
arKI uses ofthe reslri¢ted frjnds are set (￿rt in the notes to the financial ststements.
1.4 Income
Income is recognised wthen the charita￿e company is enlTrtled lo it after any perfomance conditions
have been mel, thè amounts can be measU￿d rdiabty. and it is probable that income will be reeefved.
Ca$h donations are rè¢ognlsed on recelpl. Other donatlons are recognised the charftsble ￿MpanY
has been notified ol the donation, unless perfonnance CC4Klitions require defefral of the amount. Income
tax recovern￿& in relation to donations received under &ft Aid or deeds of covenant is recognised at the
Ilmè of the donaknon.
Income from govemrnent and other grants. vthether'capital. grants or trevenue. grants, Is recognised
Ihe Charity has enlrfdement lo the funds, any perfomiance conditions attached to the grants have been met,
it is probable that the income will be recelved and the amount can k measured reliabty and Is not
deférrgd.
12-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Accounting poli¢iè$
IConUnu•d)
Inl¢resl on funds held on deposit is included vthen receivat4e and the amount can be measured reliabty by
the charity.. this is nomially upon notification of the intere51 paid or payable by the bank.
1.5 Exyndltwe
Expenditure is re¢ogni$ed once there is a legal or con$tru¢knve obligation to make a payment to a third
paty, il Is Proba￿e that settlement ￿111 be required and Ihe amount of the oblr9ation can te measured
reliably.
Expenditure on charitabie activities includes the costs ol running the school. running the centre and the
seMc05 11 provlde$, the cost of wothing knithln the wder community and other aclivities undertaken lo
further th? purposes of the charity and their assouated support costs.
Irreeov•rabla VAT is charged as a cost agalnsl Ihe acbty for which the expenditure was incurred.
Support costs are those fundons that assist the wod( of the Charity trAJt do nol dlredy undertakè Charitable
a¢livlbes. Support costs include back office costs, finance. personnel, payroll and govemance costs which
support the charity's artl'stic programme5 and activities. These costs have been allocated befv￿en
expenditure ￿ Gharilable ath11t￿$. The ba$e$ on whi¢h $upport costs have been alloc*¢d ar¢ sel out in
the notes.
1.6 Tangible fixed assets
Tangible fixed assets are inttrdlly measured at ¢o$t and subwuenty measured at ¢ost or valuath'on, net of
depreciallon and any 1ryalm￿nt losses.
Deprecjation is recognised so as to vrtrte off the cost or valuation of assets ￿5$ their residual values over
their usefvl lives on the folowng ba$es.'
Land and ￿lIding8
Pknt and equipment
not depre¢i*ed
25% reduung baance
Freehdd land is not depreciated. Freehokl property 15 not dep￿ated due to hvjh residual value of the
property.
The gain or loss arf5ing on the disp¢sal of an asset 1$ delem)in¢d as the difference bet￿￿en the sale
proceeds and the carying vakte of the asset. and is recognised in the statement of financial acliwlies.
1.7 Inv•stm•nt proprti•s
Inve5trnent property, Trhthich is property held lo earn renlas andlor for ¢apilal appreciation, is initially
rewlsed al cost. which indudes the purchase c05t and any diredy attributable expenditure.
Subsequently il 1$ measured at lair value at tr¢e repoiting end date. The surplus Or dèfiol on revaluation is
recognised in proffit or loss.
1.8 Impaimient tsffix•d assets
At each rep(Yb'ng end dale, the charitable company Te￿ewS the carrying amounts of its tangible assets to
determine whether there is any indication that those asse15 have suffered an impainnent loss. If any such
indication exists, the re￿rable amount of the asset is estimated In order to detemiine the extent of the
impaimenl loss Irf any).
1.9 Cash and cash gquival*nts
Cash cash equivalents in(4ude cash in hand, deposits held at call wth banks, other short-lem) liquld
investments wth original maturities of three monlhs Of less. and bank o¥￿draftS, Bank overdrafts are
shown within borrowings in current liabilities.
13-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Accountirvj poliGios
{Continu•dl
1.10 Flnancial instruments
The chantable company has dected to appty the prowsion$ of Sethon 11 'Baslc Flnancial Instruments, and
Section 12'0ther FlnanrAal Instrumenls1ssue5' of FRS 102 to all of ils financial instruments.
Financial instruments are recognised in the charitable company's baL4nce sheet vthen the charitabl
company be￿Me8 p8ty to the ¢ontra¢lual pro￿$￿5 ofthe i1￿trumerrt.
Finandal assets and liabllib.es are offset, wlh the rtel arnounts presented in the financial stalemenls, when
there 1$ a legally enforceable right to set off the rec(NJnlsed amounts and there is an intention 10 sett￿ on a
nel basis or to realise the asset and settle the lia￿lty sinvjtsneousty.
Basic financial assets
Basic finan¢ial assets, ￿1¢h include debltxs and ¢a5h and bank balances. are initially measured at
transadion price includiro transaction costs and are subsequenuy Carried al amortSsed ¢051 uslng the
effecllve Interest method unless the arrangement ConS￿eS a financing transaction, where the transaction
Is measured at the present value of the futufe receipts discounted at a market rate of interest. Financial
assets daSSi￿ed as receivable V+thin one year are not amortised.
Dorncognttlon of financial assets
Financial assèts ar• der•cognised onty ￿en the Contractual ￿ght$ lo the cash flows Irom the asset expire
or are settled, or vknen the charitsble company transfeTS the finanaal asset anLI 5ubslantially aH the risks
and rewards of ownership lo another entty.. or rf some stgnrftcant risks and rewards of ownership are
retained but control of the asset has tran$ferre¢1 to another party tr￿1 Is Bble to sell the asset in Tt5 entirety
to an unrelated third paty.
8aslc financial I￿￿1￿e5
Ba$1¢ financial liabilities, induding craditors and bank loans are inltialy recogni5ed at transaction price
unless the arrangement constitutes a finarring transaction, where the debt instrument is measured at the
present value of the future payments discounted al a market rate of interest. Financial liabilities classffied
as payable vrithin one year are not amortised.
Debt instruments a￿ subsequently Carried at an￿)￿sed cost, using the effective interest rale method.
Trade Cred￿Or$ are Obl￿atiOnS lo pay for gc*)d$ or servlces that have been acquired in the ordinary course
cf operations from suppliers. Amounts payable a￿ dassified as current liabilities if payment is due wlhin
one year or less. If not, they are presented as non-current liabilities. Trade ¢￿ditorS ale rec￿nIse¢l initially
al Ir3n8aclion price and 5ubsequenUy measufed al amorb.sed cost using the effective interest method.
Dere¢ognitlon of finan¢lalliabilftles
Financial liabilities ale derecognised vthen the ¢haritable ¢))mpany'5 contractual obligations expire or are
discharged or cancelled.
1.11 Taxatlon
The ¢harity is exempl from corporation tax on its charilable acimties.
1.12 Employ¢• b￿•fits
The ¢osl of any unused hdiday entitlement is reel￿nIsed in the period in which the Empl¢)yee's services
are received.
Terrnlnalion beneffts are recognised Immediatety as an expense Nthen the charitable Company Is
demonstrably committed to tsminate the emph)yment of an employee or to provide lèmiinafjon benefits.
14-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
Don•tlon$ and hgaclès
Unr•strictsd Unrnstrictèd
fun(ts
funds
genernl
general
2021
2020
Donations and gifts
8.108
e,808
Charitable activities
School
Total
S¢hoolOuting$ and
ovènts
2020
Total
2020
2021
2021
2020
2020
Sales wthin tharilabk
activibes
Services provided
unoler contract
Other income
30.785
30,785
54,958
54,958
14.185
14,185
21,484
21,484
30.785
30,785
14,185
54,958
21,484
90.827
Analysis by lund
Unr&stri¢ted funds-
general
R8slricted funds
30,785
30,785
54,958
6,399
15,085
61,357
29,270
14,185
30,785
30.785
14,185
54,958
21,484
90,627
Invèstmènts
Unrnstrict•d Unrestrl¢tsd
funds
funds
nernl
genernl
2021
2020
Rental inwme
Interest rewvable
25,079
617
24,222
791
25,696
25,013
15-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
othor Incomg
UnTestricted Unrestrlctad
funds
funds
9•n8ral
g•n•rnl
2021
2020
Accupuncture
other inc¢>me
8,798
715
14,327
9,513
14,327
16-

¢0 to ca o) ¢D
J O ￿- U) fD <S ¢XJ
¢D C4 ¢0 4>
r ¢7> *
¢D n To Lr)
V) 14 Itj V) £D fo
v) Lr) o Irj ID ty o) In
*yJ (O
O a<0￿ (Y(TJ
Lf4 0 0)
) qj fo
C• ID
} Iliillaill Jill Il I
CL GcLtt￿(j(nomM

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
TrusteOS
None of the Iru51ees lor any persons connected y￿th them) received any remuneration or benefits from the
charitable ¢ompany during the year.
Travelling expense5 lolalling £Nil (2020 £721 was reimbursed to three trustees during the year.
EfflFAoyee5
Numbw of employ•es
The average monthty number of emptyee$ during the yearwas:
2021
MuM￿r
2020
H￿ber
Full bme staff *￿rkIng in th& m8nagemenl of the cefttre
Part-llme cleaners, cwks and rArers
Part-lime tea¢hers
15
10
22
Employmènt ¢o$ts
2021
2020
Wages and Salaries
Social security costs
i)ther pensFon costs
70,598
1,620
541
78,481
3,427
1,477
72,7S9
83,385
There were no employees wThose annual remuneration was £60,0fy) or more.
10 Not galn$lllos$esl on invèstments
Unr•strktèd Unmtri¢ted
funds
funds
Oth•r
general
rnser4os
2021
2020
Revaluation of invethent properties
112,509
122,757
19-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
11 Tangible fix•d ass*ts
Land ar
Iwildings
Plant •nd
equlprnent
Totsl
Cosl
Al 1 April 2020
240,223
97,915
338,138
At 31 March 2021
240,223
97,915
338,138
Depreciation and impairn1ont
Al 1 April 2020
Depreciation charged the year
94,560
839
94,560
839
At 31 March 2021
95,399
95,399
Carrylng amount
At 31 March 2021
240,223
2,516
242,739
Al 31 March 2020
240,223
3,355
243,578
The ass¢1 und¢¥ the heading of land and buildings is thé yoperty al 211 Langham Road vthich is shown at
cost. 11 has an esb'mated market valuè of £408,875.
12 Inv￿tM8￿t proprty
2021
Fair valuè
Al 1 April 2020
Nel gains through fair value adjustrnents
465,757
112,509
Al 31 March 2021
578,266
Investment property comprises retail units in Langham Parade and Langham Road, London. The fair
value of the Invesbmènl property has been arrived at on the basis of a valuats.on carried out by Property
Price Advice, vtho are not connected ￿1th the itharilable company. The valuation was made on an open
market value basis by reference to market evKlenc? of transaction prices for simllar propethes.
If investment propertes were staled on an hIst￿al cost ba8is rather than a fair value basis, the amounts
would have been £120,713.
13 Dgbtors
2021
2020
Amounts falllng du• with•n one y8ar'.
Trade debtors
other debtors
Prepayments and ¥ccnJed income
1,750
12,587
1,808
1,000
10,812
2,107
16,145
13,919
-20-

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
14 Cr•ditors: amounts falling due v&ithin one year
2021
2020
other laxalion and social security
other creditors
Accruals and deferrad inttjme
1,432
1591
11.238
8,132
5,501
12,611
13,633
15 Restricted funds
The income ￿TrdS of the ¢haiity incEude restricted fijnds comprising tho following unexpended balances of
donation5 and grants hdd on trust ￿ sp8ctfi¢ purposes..
Movèmant
in funds
IncorrMn9
BalaTht• •t
r•sourte$ 31 IA4r¢h 2Q21
Balanc0 at
1 April 2020
Centre
deVelopm￿t
fvnd
8,394
8,394
8,394
8,394
Centre development is money glven for the devekipment of th& centre.
16 Unrestricted funds - Othér rvserwes
The income ol the ¢hanty indude other reserves vthi¢h are galns arising from fair value adjustments
of the inveslrnenl properties
Mov•m•nt in funds
at Incom
Rosouicos Bdane• •t
l Aprtl 2020
f050Ui¢•8
•xp•rthl 31 IA*r¢h 2021
other reserves
{345,0441 (112,5091
1457,553)
21

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
17 Deslgnatad funds
The incorne funds of the charity indude the follthbing designated *thl¢h have beeft set aside out of
unrestricted funds by the trustees for specffie purposes".
Movgmgnt
in fvnds
Balance at
resour￿* 31 March 2021
1 April 2020
Dllapidaiions
Centre developmentfvnd
35,000
154,736
35.000
154.736
189,736
189,736
The dilapldallon lund Is fvnd designated for Ihe maintenance of th& centre'$ Investment properties.
Centre devek)pmenl fvnd is fvnd de￿gnated for the devdopment of the centre.

ts)
* io
th7
J ¢0
ro
*N¢
7J•P
gffjc

HARINGEY CHINESE CENTRE
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2021
19 Operating lease commitments
Al the Teporkn'ng end dale the charita￿e company had outstsnding commitments for future minimum l&a$e
paymnl$ under non-caneeifablè operating leases. whth fall due as fdlows..
2021
2020
Within one year
B8fvM8n and five years
2,044
3,236
5,281
6,280
7,325
Lossor
The operating ￿aSeS represent leases of retail premises to third paitiès. The le88es aro neg¢llaled over
lems of 3-5 years and ￿nIS1$ are fixed for the term of the lease.
Al the worting end dale the ¢hathaNe Company had contracted v￿h tenants for the followng fninimum
lease payments..
2021
2020
thin one year
8ets¥een and fjve years
23.000
89,083
20,083
112.083
20.083
20 Events aft•r th• rep￿Ing dats
Follovhng the outbreak of ihe Coronamws pandemic, various l¢)ckdowns arrfl $wial distsncing rule, ihe
¢harity'$ In￿rne for 2021 has been adversely im￿cted. Many events and activibes could not be organised.
However, the school classes contr'nued to be done remotdy.
21 R8lat8d party transactions
There were no disclosable rdaled paty transactions during the year12020- none}.
-24-