CharityRegistration No. 1061550 CompanyRegistration No. 3331662 (Englandandwales) ANGLO ASIAN CULTURAL CENTRE REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 March 2024
ANGLO ASIAN CULTURAL CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees F Huang M Hayashi Se¢retary Mrs F Chen Charity number 1061550 Company number 3331662 Principal address 91 Barton Street Gloucester GL14HR Registered office 91 Barton Street Gloucesler GL14HR
ANGLO ASIAN CULTURAL CENTRE CONTENTS Page Report Statement of responsibilities Independent examiners, report Statement offinanaal activities Balance sheet Notes tothe 8ccounts 8-11
ANGLO ASIAN CULTURAL CENTRE REPORT FOR THE YEAR ENDED 31 March 2024 The Trustees present thtsryr feport and accounts for the year ended 31 March 2024 The accounts have been prepared in accordance wth the accounting policies set out in note 110 the accounts and comply with the charity's governing document, the Companies Act 2006 and the Statement of Recommended Practice."Accounting and Reporting by Charits"es-. issued in March 2005. Structure, governance and management The charity is a company limited by guarantee (Company Number 3331662). The ntre is also a Charity. registration number 1061550. The Trustees, who are also the directors for the purpose of company law. and who served during the year were.. F Huang M Hayashi The members of the Centre's Board serve as unpaid TnJsteeslDirectors Governing Document The Anglo-Asian Cultural Centre was incorporated on the 11th March 1997 as a companylimited by guarantee (Company Number 33316621. The Centre is also a Charity, registration number 1061550. Members are invited to join by the Board, each of whom agree to contribule £1 in the event of the charity winding up. Appointment of Trustees The Centre is managed by a committee of Trustees ofthe Charity who are also Directors ofthe company and are elected by the members at the Annual General Meeting. As sel out in the Articles of Association the Chairman is elected by the Board. All members are contacted prior to each AGM to advise Trustees retiring and to inmte new nominations. The Board has due regard to the requirement for specialist skills when considering co- opts.ng additional trustees. Trustee trainlng Trustees are encouraged to attend appropriate extemal training events where this will facilitate the understanding of their mle. Objectives and activities 11 To advance educAtion through the teaching of the history and meaning of oriental ethi(3 and philosophy. 21 To Advance education through leaching of Ihe English and Chinese languages. 31 To provide recreational facilities in Ihe interests of social welfare for those persons who are in need of such facilities by reason of their youth. age, infirmity. disablement. poverty or social economic circumstances, in particular through the prowsion of dasses in Chinese vegetarianism, cookery. flower arranging. Ta Chi and calligraphy. There has been no change in the objectives sincelhe lastannual report. The strategies employed to achieve Charity's objectives are= lo offer opportunities for a broad range of people to attend workshops. lo provide facilities for people to leam about Chinese history and oriental philosophy.
AIIGLO ASIAN CULTURAL CENTRE IIEPOfiT ICON1uD} IIIE VEAR El•ilED JI I1•h 1014 yw pag• 5 • yoli ol E26.691. 120ZJ Itwos.. ES.YSI) Is Ihj A f47.1&11202J t28.607). y•ar Ic4al •AF•• £20. f2trfJ: ¥A4•td• r•yw•J •131 Marth 2024 £65.3W. Thè thaiity arg Ix¥ldrffJ up fv r&S•r * rxd8r rep
ANGLO ASIAN CULTURAL CENTRE STATEMENT OF RESPONSIBILITIES The Trustees, who are also the directors of Anglo Asian Cultural cent for the purpose of company law, are responsiblefor preparing the Reportand the accounts in accordan with applicable law and United Kingdom Accounting Standards {United Kingdom Generally Accepted Accounting Practi). Company law requires the Trustees lo prepare accounts for eath finan(ial yearwhich give a true and fairview of the state of affairs of the charity and ofthe incoming resources and application of reSoUrs, induding the income and expenditure, ofthe charitable company for thatyear. In preparing these accounts, the Twslees are required to: select suitable aOUnting poliues and then apply them consistently- observe the methods and prinaples in the CharitiesSORP FRS 102., make judgements and estimates that are reasonable and prudent". and prepare the accounts on the going conrn basis unless it is inappropriate to presume that the charity will continue in operation. The Trustees are responsible for keeping adequate accounting rerdS that disclose with reasonable accuracy at any time the finan81 position of the charity and enable them lo ensure that the accounts comply with the Companies Act 2011. They are also responsible for safegLJarding the assets of the charity and hen for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ANGLO ASIAN CULTURAL CENTRE INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANGLO ASIAN CULTURAL CENTRE We have examined the financial slalements ofThe Anglo-Asian Cultural Centre fortrEyear ended 31 March 2024 on pages 5 to 11. These finanaal slalements have been prepared in accordan with the Financial Reporting Standards for Smaller Entities {effeclive ApTiI 2008), under the historical cost convention and accounting policies sel out therein. Respective responsibilities of Trustees and examiner Respective responsibilities of Trustees {Direclorsl and examiner As described on page 1, the Charity's Trustees {who also acl as Directors for the purpose of Company Lawl are responsible for the preparation of the annual report arkd the financial statements in acwrdance with applicable law and United Kingdom Accounting Starkdards. The Trustees are satisfied that the o)mpany is entiued to exemption under section 476 of the Companies Act 2006 and section 14412) ofthe Charities Act2011. Our responsibility is to examine the financial statements in accordan with relevant legal and regulatory requirements. Having satisf1ed myself that the charity is not subjed to audit under rMpanY law and is eligible for independent examination, it is my responsibility to- {il examine the accounts under section 145 of Ihe 2011 Act-, lill to follow the procedures laid down in the general Directions given by the Charity Commission under section 145{51(bl of the 2011 Act.. and Iiiil to state whether particular matters have o)me to myattention. Basis of independent examiner's report My examination was carried out in accordance wtth the general directions given by the Charitycommission. An examination includes a review of the ac(x)unting records kept by the charity and a comparison of the accounts presented with those records. It also indudes consideration of any unusual items or disdosures in the accounts, and seeking explanations from you as ttustees conmIng any such matters. The procedures undertaken do not provide all the emdence that would be required in an audit and consequently no opinion is given as lo 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 lal which gives me reasonable cause to believe that in any material respect the requirements= lo keep accounting records in accordance with section 386 of the Companies Act 2006- and lil) to prepare accounts which accord with the accounting records. comply with the accounting requirements of 396 of the Companies Act 2006 and wth the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities.. {bl to which, in my opinion. attention should be drawn in order lo enable a proper understanding of the accounts to be reached. TaxAssisl Accountants 152 Bristol Road Gloucester GL1 5SR Dated. ...1.40 .S..<pWbo
ANGLO ASIAN CULTURAL CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 March 2024 Unrestricted Designated Restricted Endovment funds funds funds funds Total 2024 Total 2023 Notes Incoming resources from generated funds Donations and Legaryes Investment income 33,428 13,765 33,428 13,765 20,082 8,526 Total incoming resourees 47.193 47,193 28,607 Resources expended Governance costs 20.502 20,502 35,074 Total resources expended 20,502 20,502 35,074 Net income for the yearl Net movement in funds 26.691 26.691 15.7671 Fund balances at 1 April 2023 38,609 874.360 208.109 7.062 1.128,140 1,134,607 Fund balances at 31 March 2024 65.300 874,360 208.109 7.062 1,154,831 1,128,840
ANGLO ASIAN CULTURAL CENTRE BALANCE SHEET AS A T 31 March 2024 2024 2023 Notes Fixed assets Tangible assels 1.627.437 1.626,934 Current assetsl{liabilities) Debtors 49,167 20,914 Creditors= amounts falling due within one year {131,218) 1126,189) Net current liabilities {82,0511 1105.2751 Total assets less current liabilities 1.545.386 1,521,659 Creditors: amounts falling due after more than one year 190.450) {90,4501 Deferred income 10 {300.1051 1303.0691 Net assets 1,154,831 1,128,140 Capital funds Endowment funds 11 7,062 7,062 Income funds Reslricled funds.. Other restricted funds 12 208.109 208,109 208.109 208,109 Unrestricted funds.. Designated funds 13 874,360 874,360 Other charitable funds 65,300 38,609 1.154,831 1.128,140 The company is entiued to the exemption from the audil requirement contained in section 477 of the Companies Act 2006 relating lo small companies. The members have not required the mmpany lo obtain an audit in accordance with section 476 of the Companies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect lo accounting COrdS and the preparation of a¢counts. These accounts have been prepared in accordance with the prowsions applicAble to small companies subject to the small companies, regime and in aCrdan wth FRS102 SORP.
ANGLO ASIAN CULTURAL CENTRE BALANCE SHEEf (CONTINUED) ASAf31 March 2024 ¢Pary R•gI5trat[* 33316f
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 Accounting policies 1.1 Basisof preparation These accounts have been prepared under the historical cost convention wilh items recognised al cost or transaction value unless otherwise stated in the relevant note{sl to these accounts. The accounts have been prepared in accordan with the Statemenl of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) issued on 16 July 2014 and wth the Charities Act 2011. 1.2 Tangible fixed assets and depreciation Tangible fixed assets other than freehold land are stated at cost less depreaation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over ils expected useful life. as follows= Freehold land is not depreciated Freehold buildings Fixtures, fittings & equipment O % not depreciated 25°A reducing balan Donations and legacies 2024 2023 Donations and gifls 33,428 20,082 Investment income 2024 2023 Rental income 13,765 8,525 Total resources expended Depreciation Other costs Total 2024 Total 2023 Governance costs 168 20,334 20.502 35,074 Governance costs includes payments for accountancy fees of £1,603 (2023= £1,603)
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 Employees There were no employees durirhg the year. Tangible fixed assets Land and buildings Fixtures, fittings & equipment Total Cost Al 1 April 2023 Additions 1.626.934 12.063 671 1,638.997 671 At 31 March 2024 1.626.934 12.734 1.639,668 Depreciation At 1 April 2023 Charge for Ihe year 12,063 12,063 168 At 31 March 2024 12,231 12,231 Net book value At 31 March 2024 1,626.934 503 1,627,437 At 31 March 2023 1.626.934 1,626,934 Debtor = amounts falling due within one year 2024 2023 Cash at Bank 48.517 18,040 Other Debtors 650 2,874 49.167 20,914 Creditors.. amounts falling due within one year 2024 2023 Trade creditors Other creditors and accruals 123,020 8.198 123,020 3,169 131,218 126,189
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 9 Creditors: amounts falling due after more than one year 2024 2023 Trade Creditors 90,450 90,450 10 Deferred income Deferred income represents payments on account for a lease premium for a period of 125 years for 2 lease granted in 2002, which is being released lo income over the life of the lease. 2024 2023 Total deferred income at 1 April 2023 Amounts released to income from previous periods 303.069 2,964 306,033 2,964 Total deferred income at 31 March 2024 300,105 303,069 11 Endowmentfunds Movement in Funds Balance at 1 April 2023 Incoming Resources Resources Expensed Balance at 31 March 2024 Permanent endowments Endowment Fund 1 7,062 7,062 12 Restricted funds The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes- Movement in Funds Balance at 1 April 2023 Incoming Resources Resources Expensed Balance at 31 March 2024 Restricted Fund I 200,000 8,109 208,109 200.000 8.109 208,109 Restricted Fund 2 10
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2024 13 Designated funds The income funds of the charity indude the followng designated funds which have been sel aside out of unrestiicted funds by the trustees for speafic purposes: Movement in funds Incoming Resources Resources Expenses Balance at 1 April 2023 Balance at31 March 2024 874.360 874,360 14 Analysls of netassets betweenfunds Unrestricted Designated Funds Funds Restricted Endowment Funds Funds Total Fund balances ai 31 March 2024 are represented by= Tangible fixed assets Current assets Creditors.. amounts falling due within one year Creditors.. amounts falling due after more than one year 237.781 874.360 49,187 {131,218) 208,109 7.062 1,327,312 49,187 {131.218) 190.450) {90,4501 65,300 874.360 208.109 7,062 1.154.831 15 Related parties Included within crodilors 31 March 2024 is an amount of£300,105 {2023.. £303.069) received from tho tenant of the property in relation to the lease premium for 125 years. The tenant is the Missions for Tao Confucianism IUKI who is considered lo be related by virtue ofTrustees in common.