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|Management|Management|Committee|Mr Chan Keung|Ho||
|---|---|---|---|---|---|
||||Mr Gavin Pung|||
||||Mrs Men
Lin Chen|||
||||Ms Winnie
Li|||
||||Mr Khoi Lai Tang|||
||||Ms Denise
Ng|||
||||Ms Helena
Ng|||
||||Mr Hoi Yat Tsoi|||
|SecretarY|||Ms Winnie
Li|||
|Charity number|||1051778|||
|Company|number||2575177|||
|Registered|offic||211 Langham
Road|||
||||London|||
||||N15 3LH|||
|Auditor|||Bacha & Bacha (Auditl||Limited|
|Bankers|||Co-Operative
Bank Pic|||
||||195High Road|||
||||Wood Green|||
||||London|||
||||N22 6DP|||
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|||Page|
|---|---|---|
|Trustees'
report||1-4|
|Statement oftrustees'|responsibilities||
|Independent
auditor's|report|6-9|
|Statement
offinancial|activities|10-11|
|Balance sheet||12|
|Notes to the financial|statements|13-28|
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||||Unrestricted|Restricted|All restricted|Unrestricted|Restricted|All restricted|
|---|---|---|---|---|---|---|---|---|
||||funds|funds|and|funds|funds|and|
||||||unrestricted|||unrestricted|
||||||funds|||funds|
||||2023|2023|2023|2022|2022|2022|
|||Notes|6||8|6|f|5|
|Inca
e and endowments|||from:||||||
|Donations
and|||||||||
|legacies||2|7,250|1,000|8,250|2,920|3,000|5,920|
|Charitable|||||||||
|activities|||28,394||28,394|25,640||25,640|
|Rental income|||24,777||24,777|23,727||23,727|
|Investments|||175||175|||54|
|Other income|||19,249||19,249|18,484||18,484|
|Total income|||79,845|1,000|80,845|70,825|3,000|73,825|
|~E*
Eat|||||||||
|Charitable|||||||||
|activities||7|96,002|432|96,434|90,082|843|90,925|
|Rental|||||||||
|expenditure||11|2,708||2,708|2,114||2,114|
|Tax on rental activities|||4,193||4,193||||
|Total expenditure|||102,903|432|103,335|92,196|843|93,039|
|Nei gains/gasses)|||||||||
|on investments||12|(412,755)||(412,755)|244,489||244,489|
|Net|||||||||
|(outgoing)/Incoming|||||||||
|resources
before|||(435,813)|568|(435,245)|223,118|2,157|225.275|
|transfers|||||||||
|Gross transfers|||||||||
|between
funds|||873|(873)|||||
|Net (expenditure)/|||||||||
|Income for the|year||||||||
|Net movement|In funds||(434,940)|(305)|(435,245)|223,118|2,157|225,275|
|Fund balances at 1||April|||||||
|2022|||1,195,806|10,551|1,206,357|972,688|8,394|981,082|
|Fund balances|at 31||||||||
|March 2023|||760,866|10,246|771,112|1,195,806|10,551|1,206,357|
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|||||||2023||2022||
|---|---|---|---|---|---|---|---|---|---|
||||||Notes|E||E||
|Fixed assets||||||||||
|Tangible assets|||||14||242,340||242,111|
|Investment|properties||||15||410,000||822,755|
||||||||652,340||1,064,866|
|Current assets||||||||||
|Debtors||||||5,777||3,427||
|Cash at bank and|||in|hand||126,114||141,853||
|||||||131,891||145,280||
|Creditors:|amounts|||falling due within||||||
|one year|||||18|(13,119)||(3,789)||
|Net current|assets||||||118,772||141,491|
|Total assets less|||current liabilities||||771,112||1,206,357|
|Income funds||||||||||
|Restricted|funds||||19||10,246||10,551|
|I~II
I t|I|d||||||||
|Designated|funds||||20|189,736||189,736||
|Otherreserves|||||21|289,267||702,042||
|General
unrestricted||||funds||281,843||304,028||
|Unrestricted|funds|||||760,886||1,195,806||
||||||||760,868||1,195,806|
||||||||771,112||1,206,357|
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|2|Donations|and legacie|s||||||
|---|---|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
||||funds|funds||funds|funds||
||||general|||general|||
||||2023|2023||2022|2022|2022|
|||||8||8|||
||Donations|and gIRs|7,250|1,000|8,250|2,920|3,000|5,920|
|3|Charitable|activities|||||||
|||||School|Total|School|
|---|---|---|---|---|---|---|
|||||2023f|2023
8|2022
8|
|Sales|within|charitable|activities|28,394|28,394|25,640|
|4|Rental Income|||
|---|---|---|---|
|||Unrestricted|Unrestricted|
|||funds|funds|
|||general|general|
|||2023|2022|
|||f|8|
||Rental income|24,777|23,727|
|5|Investments|||
|||Unrestricted|Unrestricted|
|||funds|funds|
|||general|general|
|||2023|2022|
|||f|8|
||Interestreceivable|175|54|
##
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##
|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|general|general|
|2023|2022|
|E|E|
|19,249|18,484|
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##
|The average
monthly|number ofemployee|s
during
the year was:|||
|---|---|---|---|---|
||||2023|2022|
||||Number|Number|
|Full time staff working|in the management|of the centre|||
|Part-time teachers|||||
|||||10|
|Employment
costs|||2023|2022|
||||8|8|
|Wages and salaries|||71,201|66,505|
|Social security costs|||1,214|1,539|
|Other pension costs|||588|534|
||||73,003|68,578|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2023|2022|
|||f||
|Property insurance||1,256|1,050|
|Staff wages||1,198|1,064|
|Accountancy|fees|254||
|||2,708|2,114|
##
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##
||||2023|2022|
|---|---|---|---|---|
||||8||
|UK corporation|tax on profits for the current|period|4,193||
|Total tax charge|||4,193||
|The charge for|the year can be reconciled|to the profit per the|profit and loss account as follows:||
|||||2023|
|||||8|
|Rental income||||24,777|
|Less rental expenditure||||(2,708)|
|Profit before taxation||||22,069|
|Expected tax charge based on the standard||rate of corporation|tax in the UK||
|of 19%||||4,193|
|Taxation charge|in the financial statements|||4,193|
##
##
|14|Tangible fixed assets|Tangible fixed assets|||||
|---|---|---|---|---|---|---|
|||||Land and|Plant and|Total|
|||||buildings|equipment||
|||||E|E||
||Cost||||||
||At 1 April 2022|||240,223|97,915|338,138|
||Additions||||873|873|
||At 31 March|2023||240,223|98,788|339,011|
||Depreciation|and impairment|||||
||At 1 April 2022||||96,027|96,027|
||Depreciation|charged|In the year|||644|
||At 31 March|2023|||96,671|96,671|
||Carrying
amount||||||
||At 31 March|2023||240,223|2,117|242,340|
||At 31 March|2022||240,223|1,888|242,111|
##
|||||2023|
|---|---|---|---|---|
|||||E|
|Fair value|||||
|At|1 April 2022|||822,755|
|Net gains/(loss)||through|fair value adjustments|(412,755)|
|At|31 March 2023|||410,000|
##
|Debtors||||
|---|---|---|---|
|||2023|2022|
|Amounts
falling due within one year:||E|E|
|Trade debtors||1,750|750|
|Other debtors||2,219|869|
|Prepayments|and accrued income|1,808|1,808|
|||5,777|3.427|
##
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##
##
|Loans and ov|erdrafts|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||E|E|
|Bank overdrafts|||||1,829|
|Payable
within|one year||||1,829|
|Creditors: amounts||falling due within one year||||
|||||2023|2022|
||||Notes|E|E|
|Bank overdrafts|||||1,829|
|Corporation
tax payable||||4,193||
|Other taxation|and social security|||2,444|(4,000)|
|Accruals and deferred||income||6,482|5,960|
|||||13,119|3,789|
##
##
##
##
||||Movement
ln||
|---|---|---|---|---|
||||funds||
|||Balance at|Incoming|Balance at|
|||1 Aprg 2022|resources|31 March 2023|
|||8|f|8|
|Dilapidatlons||35,000||35,000|
|Centre development|fund|154,736||154,736|
|||189,736||189,736|
##
||||Balance at|Resources|Revaluations,|Balance at|
|---|---|---|---|---|---|---|
|||1|April 2022|expended|gains and|31 March 2023|
||||||losses||
|||||8|||
|Other|reserves||702,042||(412,755)|289,287|
##
##
##
##
||2023|2022|
|---|---|---|
||8|8|
|Within one year|2,044|2,044|
|Between two and five years|1,022|3,066|
||3,066|5,110|
##
|At the reporting
end date the charitable
company
had con
payments:|tracted
with tenants
for the following
minim|um
lease|
|---|---|---|
||2023|2022|
||8||
|Within one year|23,000|23,000|
|Between two and five years|43,083|66,083|
##