Charity Reglstratlon No. 1061550 Company Registration No. 3331662 {England and Wales) ANGLO ASIAN CULTURAL CENTRE REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 March 2025
ANGLO ASIAN CULTURAL CENTRE LEGAL AND ADMINISTRATIVE INFORMATION Trustees F Huang M Hayashi Secretary Mrs F Chen Charity number 1061550 Company number 3331662 Prlnclpal address 91 Barton Street Gloucester GL1 4HR Registered office 91 Barton Street Gloucester GL1 4HR
ANGLO ASIAN CULTURAL CENTRE CONTENTS Page Report Statement ol responsibilities Independent examiners, report Statement of financial activities Balance sheet Noles to the accounts 8-11
ANGLO ASIAN CULTURAL CENTRE REPORT FOR THE YEAR ENDED 31 March 2025 The Truslees presenl their report and accounts for the year ended 31 March 2025 The accounts have been prepared in accordance with the accounting policies sel out in note 1 to the accounts and comply with the charity's governing documenl, the Companies Act 2006 and the Statement of Recommended Practice, "Accounting and Reporting by Charities" issued in March 2005. Structure, governance and management The charity is a company limited by guarantee (Company Number 33316621. The centre 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 TrusteeslDirectors Governing Document The Anglo-Asian Cultural Centre was incorporated on the 11th March 1997 as a company limited by guarantee (Company Number 3331662). The Centre is also a Charity, registration number 1061550. Members are invited to loin by the Board, each ol whom agree to contribute £1 in the event of the charity winding up. Appointment of Trustees The Centre is managed by a committee of Truslees ol the Charity who are also Directors ol the company and are elected by ihe members at the Annual General Meeting. As sel out in the Articles of Association Ihe Chairman is elected by IheBoard. All members are contacted prior lo each AGM to advise Trustees reliring and to invite new nominations. The Board has due regard lo the requirement for specialist skills when considering co- opting additional trustees. Trustee training Trustees are encouraged lo atlend appropriate external training events where this will facilitate Ihe understanding ol their role. Objectives and activities 11 To advance education through the teaching of the history and meaning of oriental ethics and philosophy. 21 To Advance education through leaching of the English and Chinese languages. 31 To provide recreational facilities in the interests ol 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 provision of classes in Chinese vegetarianism, cookery, flower arranging, Tai Chi and calligraphy. There has been no change in the objectives since the last annual report. The strategies employed lo achieve Charity's objectives are.. to offer opportunities lor a broad range of people to attend workshops. to provide facilities lor people lo learn aboul Chinese history and orienlal philosophy.
ANGLO ASIAN CULTURAL CENTRE REPORT (CONTINUED) FOR THE YEAR ENDED 31 March 2025 Achlevements and perlormance During Ihe year Ilie Cliaflly has Increa8ed It8 program ol acllv11195, Includlng Tal Chl glgong, yoga, philosophy and calllgraphy In order lo pursue ils oblectlves as sel out *ove. A new w811-b6lng he8llhy WDrkshop called Origlnal Polnl Thèrapy was Iniroduced. Th6 ronlal Income has been conllnuously gongraled slnGa the adJolning buildlng was lat out lo Z8nv Garden Café Ltd, a vegolailanl vegan orfenlal culsine oslabllshmenl lo compllmenl the provlslon of acllvilles undertaken by Ihe charlly In Oclob9r 2022. Flnanclal revlew The results lor the yep4r as Éel out on page 5 show a loss of £11,804 (2024 prollt: £28,691) on gen8ral lund8. Income Ihls yearwas £26,79412024: £47,193), whlle lolal expondlture Increased to £38,59812024: £20,502). En8rgy costs for tha year were £30,91812024: £14,568) Durlng the year a now suppli91 was conlracted to supply energy to the Charily, Currently VAT al 20ty1ts15 bFlng charged on all involces, despile Ihe suppller bèlng advlséd of Iha rèduced VAT slalvs ol 50/. bglng appll¢Hble lo Iho ¢harily. The charity are currently applying for the reduced VAT rate. Slle Improvement of £2,173 01 Shadé ware Incurred. wllh no malor repair or malnlenance roqulremenls during th@ perfod. Resetves pollcy The Iruslees regularly monllor the Charity's reserve5 to ensure Ihal an adequate18vel Is malnlained to meel ils slaled chafilable oblecllves. Reserve5 are n68d8d k) d8velop and Tnalnlaln the Charity's obletttlveg and aclivilies, Reserves grg also hald to covèr any polentlal Shortfall In Incomg lo malntaln the charfly's actlvlll8S wh1151 the charity souic85 olher income opporiunilies and revlews ¢osls. In IbJlrt ol ts oJ¥reirt rate ol Infiabon the Irustees conslder the reserves pollcy 01 £25,000 to be Insulli¢lent and are revlewlng tho policy. Currently iho av&lable reserves on 31 March 2025 are £53,496. The charity has been buildlng up Ihe reserves In ordar to repair roof and olhei major mainlenancelrepalr wort(s raqulréd to keep tha bulldlng In good condition. On behalf ol tho board ol Trustees F Huang Chairman
ANGLO ASIAN CULTURAL CENTRE STATEMENT OF RESPONSIBILITIES The Trustees, who are also the directors of Anglo Asian Cultural Cenlre for the purpose of company law, are responsible for preparing the Report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Truslees to prepare accounts lor each financial year which give a true and lair view of the state of affairs of the charity and ol the incoming resources and applicalion ol resources, including the income and expendilure, ol the charitable company lor that year. In preparing these accounts, the Trustees are required to= select suitable accounting policies and Ihen apply them consistenlly., observe the methods and principles in Ihe Charities SORP FRS 102., make judgements and eslimales thal are reasonable and prudenl-and prepare the accounts on the going concern basis unless il is inappropriate lo presume that Ihe charity will continue in operation. The Truslees are responsible for keeping adequate accounting records Ihat disclose with reasonable accuracy al any time the financial position of the charity and enable them to ensure that the accounts comply with the Companies Act 2011. They are also responsible lor safeguarding the assets of Ihe charity and h8nce for taking reasonable sleps 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 slalemenls ol The Anglo-Asian Cultural Centre lorteyear ended 31 March 2025 on pages 5 10 11 . These financial statements have been prepared in accordance with the Financial Reporting Standards lor Smaller Enlilies {8ffeclive April 2008), under the historical cost convention and accounting policies set out therein. Respective responsibililles of Trustees and examiner Respective responsibilities of Trustees (Directors) and examiner As described on page 1, the Charily's Trustees (who also act as Directors for the purpose of Company Lawl are responsible lor the preparation of the annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards. The Trustees are satisfied thal the company is entitled lo exemplion under section 476 01 the Companies Act 2006 and section 144{2) of the Charities Acl 2011. Our responsibility is lo examine the financial statements in accordance with relevant legal and regulatory requirements. 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: lil examine the accounts under section 145 of the 2011 Act. lill lo follow the procedures laid down in the general Directions given by the Charity Commission under section 14515)Ibl ol the 2011 Act. and liiil to slate whether matters have come to my allenlion. Basls of independent examiner's report My examination was carried out in accordance with Ihe general directions given by the Charily Commission. An examination includes a review of the accounting records kept by the charity and a comparison ol 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 Iruslees concerning any such mallers. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether Ihe accounts present a 'lrue and lair view, and the report is limited lo those matters set out in the slalement below. Independent examlner's statement lal which gives me reasonable cause lo believe Ihat in any material respect the requirements.. to keep accounling records in accordance with section 386 of the Companies Act 2006., and {ii} to prepare accounts which accord with the accounling records, comply with the accounting requirements of 396 01 the Companies Act 2006 and wilh the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charilies. Ibl to which, in my opinion, attention should be drawn in order to enable a proper understanding ol the accounts lo be reached. TaxAssisl Accountanls 152 Bristol Road Gloucester GL1 5SR Dated..
ANGLO ASIAN CULTURAL CENTRE STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 March 2025 Unrestricted Designated Restrleted Endowment funds funds funds funds Totsl 2025 Total 2024 Notes Incomlng resources from generated funds Donations and Legacies Investment income 14,194 12,600 14,194 12,600 33,428 13,765 Total Incoming resources 26,794 26,794 47,193 Resources expended Governance costs 38,598 38,598 20,502 Total resources expended 38.598 38,598 20,502 Nel Income for the yearl Net movemenl in funds {11,804) (11,804) 26,691 Fund balances al 1 April 2024 65,300 874,360 208.109 7,062 1,154,831 1,128,840 Fund balances at 31 March 2025 53,496 874,360 208,109 7,062 1,143,027 1,154,831
ANGLO ASIAN CULTURAL CENTRE BALANCE SHEET AS AT31 March 2025 2025 2024 Notes Flxed assets Tangible assets 1,628,899 1,627,437 Current assets (Ilabllllles) Debtors 31,334 49,167 Creditors: amounts falllng due wlthln one year 1129,615) {131,218) Net current Ilablllties (98,281) (82,051) Tolal assets less current liabllities 1,530,618 1,545,386 Creditors: amounts falling due after more than one year (90,450) 190,4501 Deferred Income 10 {297,141) 1300,1051 Net assels 1,143,027 1,154,831 Capital funds Endowment funds 7,062 7,062 Income funds Restricted funds.. Other reslricted funds 12 208,109 208,109 208,109 208,109 Unrestricted funds.. Designated funds 13 874,360 874,360 Other charitable funds 53,496 65,300 1,143,027 1,154,831 The company is entitled to the exemption from the audit requirement contained in section 477 of the Cornpanies Act 2006 relating lo small companies. The members have not required the company lo obtain an audit in accordance with section 476 01 the Gompanies Act 2006. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to small companies subject lo the small companies, regime and in accordance with FRS102 SORP.
ANGLO ASIAN CULTURAL CENTRE BALANCE SHEEf (CONTINUED) AS AT31 March 2025 Thg arcounls were approved by the Board on tse.c....?,...2&J2 FHua Company Reglstratlon No. 3331662
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2025 Accounting policles 1.1 Basis ofpreparatlon These accounts have been prepared under the historical cost convention with items recognised al cost or Iransaclion value unless otherwise slated in the relevant nolels) to these accounts. The accounls have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued on 16 July 2014 and with the Charities Act 2011. 1.2 Tangible flxed assets and depreclalion Tangible fixed assels other than freehold land are stated al cost less deprecialion. Depreciation is provided at rates calculated to write off the cost less estimated residual value ol each asset over ils expected useful life, as follows: Freehold land is not depreciated Freehold buildings Fixtures. fittings & equipment 00/0 nol depreciated 25 % reducing balance Donatlons and legacies 2025 2024 Donations and gilts 14,194 33,428 Investment Income 2025 2024 Rental income 12,600 13,765 Governance costs Depreciation Other Total Total costs 2025 2024 711 37,887 38,598 20,502 Governance costs includes payments for accountancy lees of £1.60312024: £1,603)
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2025 Employees There were no employees during the year. Tanglble Ilxed assets Land and buSldings Flxtures, f ittings & equipment Total Cosl Al 1 April 2024 Additions 1,626,934 12.734 2,173 1,639,668 2,173 At 31 March 2025 1,626,934 14,907 1,641,841 Depreclallon At 1 April 2024 Charge for the year 12,231 711 12,231 711 At 31 March 2025 12,942 12,942 Net book value At 31 March 2025 1,626,934 1,965 1,628,899 At 31 March 2024 1,626,934 503 1,627,437 Deblor . amounts falllng due within one year 2025 2024 Cash al Bank 29,334 48,517 Other Debtors 2,000 650 33,334 49,167 Creditors: amounts falllng due wlthln one year 2025 2024 Trade creditors Other creditors and accruals 123,020 6,595 123,020 8,198 129,615 131,218
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2025 9 Credllors: amounts falling due alter more than one year 2025 2024 Trade Creditors 90,450 90,450 10 Deferred income Deferred income represents paymenls on account lor a18ase premium lor a period ol 125 years for a lease granted in 2002, which is being released lo income over the life ol the lease. 2025 2024 Total deferred income at 1 April 2024 Amounts released lo income from previous periods 300,105 2,964 303,069 2,964 Total deferred income at 31 March 2025 297,141 300,105 11 Endowmentfunds Movemenl In Funds Resources Expensed Balance at 1 April 2024 Incomlng Resources Balance at 31 March 2025 Permanent endowments Endowment Fund 1 7,062 7,062 12 RestrScted funds The income funds ol 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 2024 Incoming Resources Resources Expensed Balance at 31 March 2025 Restrlcled Fund 1 200,000 200,000 Restrlcled Fund 2 208 109 208 109 10
ANGLO ASIAN CULTURAL CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 March 2025 13 Deslgnaled funds The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by ihe trustees for specific purposes.. Movement in funds Incoming Resources Resources Expenses Balance at 1 April 2024 Balance at31 March 2025 874,360 874,360 14 Analysls of net assets between funds Unrestricted Designated Restricted Endowment Funds Funds Funds Funds Total Fund balances at 31 March 2025 are represented by: Tangible fixed assets Currenl assets Creditors.. amounts talling due wilhin one year Credilors.. amounts falling due after more than one year 242,227 874,360 31,334 (129,6151 208,109 7,062 1,331,758 31,334 {129,615) 190,450) (90,4501 53,496 874,360 208,109 7,062 1,143,027 15 Related partles Included within creditors 31 March 2025 is an amount of £297,141 12024.. £300,105) received from the tenant ol the properly in relation lo the lease premium lor 125 years. The tenant is the Missions for Tao Confucianism (UK) who is considered lo be related by virtue of Trustees in common.