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||Pages|
|---|---|
|Annual Repoft ofthemanagement committee|l-4|
|Income and expenditure account -Overall|5|
|Income and expenditure account-The Association|6|
|Income and expenditure account-School|7|
|Incomeandexpenditure account-Elderly People's Club|I|
|Balance Sheet-Overall|9|
|Balance Sheet-The Association|10|
|Balance Sheet-School|11|
|Balance Sheet-Elderly People's Club|L2|
|NotestoFinancialStatements|13-18|
|IndependentExaminer'sReport|19|





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|Officersonthe|management committee|
|---|---|
|Chairman|Raymond Wong|
|ViceChairs|AmeliaLeunu, Clive Wong|
|Convenor|KuenSia|
|Treasurer|Clive Wong|
|Secretary|AmeliaLeunq|



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|Overall Statement ofFinancialActiviti<br>FortheYearEnded31March2O23|es|||||
|---|---|---|---|---|---|
|||UrrrdrictedEndorilment<br>tunds<br>tunds||2023|2022|
||Notes E||f.|E|E|
|Incomersouro€||||||
|Incomeresouresfromgeneratingfunds||||||
|-Activitiesforgeneratingfunds||||||
|Grosstakingsfromevents|3||||85663_|
|Advertisement receipts||||||
|Donations received||3,026||3,026-|959|
|SundryInsurance claims||||||
|- Investment income:bankinterest||85||85|z|
|Incomingresourcesfromcharltable resources||||||
|-Subscription & fees||310||310|60|
|-Rental income<br>-Grants<br>Totalincoming resources||36,719<br>_<br>5,830 5,8305548<br>3,42L42,54945,97AilL073<br>36,779<br>18,961||||
|Resourceoqended|+8|||||
|Cost ofgeneratingfunds||||||
|-Fundraising costs||||||
|Paymentsforevents||19,259||t9,259||
|Otherprojecb&events||5||5||
|Telephone, advertising&promotions||918||918|483|
|Sundry expenses||t,726||1,726|2,307|
|-Investmentcosts:bankcharges||10||10||
|Charitable activities(schooloperations)||||||
|Premisesexpenses|||3,495|3,495|2098|
|Repains&renewals|||8,452|8Asz||
|MemberseMces&travelling||3,245||3,Us|700|
|Printing,postage& stationery||197||797|140|
|Donations,book&prizes||2,500||2,500||
|Wages & zubscriptions||L2,869||12,869|13,770|
|Insurance|||4,572|4,572|3,032|
|Depreciation|||8,939|8,939|8,878|
|Legal&professionals||7,7\4||7,714|2028|
|Governance costs||||||
|Totalresources expended||||||
|Netmovemertinfunds||(39,022)|17,091|(21,931)|62637|
|Totalfundsbrought forward||L97,358|118,333|315,691|218,192|
|Transfers|15||1|||
|Total funds carriedforward||||||





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|Statement ofFinancialActivities-TheAssociation<br>FortheYearEnded31 ttlarch2023|Statement ofFinancialActivities-TheAssociation<br>FortheYearEnded31 ttlarch2023|Statement ofFinancialActivities-TheAssociation<br>FortheYearEnded31 ttlarch2023|||
|---|---|---|---|---|
|UnrcrtricfiedEndonrment<br>funds<br>tuilds|||2023|2022|
|Notes|f|E|t|E|
|IncomeresouroEs|||||
|Incomeresourcesfromgenerating funds|||||
|-Activitiesforgeneratingfunds|||||
|Grosstakingsfromevents||||85663|
|Advertisement receipts|||||
|Donations received|1,450||1,450|820|
|SundryInsurancedaims|||||
|- Investment income:bankinterest|15||15||
|Incomlngresourcesfomcharitable resources|||||
|-Subscription&fees|310||310||
|-Rental income<br>-Grants<br>Totalincoming resources|34,939<br>5,930<br>L,775 40,769||34,939<br>5,830<br> 42,544|18,961<br> <br>'548<br> ilq?92|
|Resourcqsexpended|||||
|Costofgeneratingfunds|||||
|-Fundraising costs|||||
|PaymenEforevents|10,491||10,491||
|Otherprojects&events|||||
|Telephone, advertising& promotions|918||918|483|
|Sundry expenses|1,653||1,653|2,235|
|-Investment costs:bank charges|10||10||
|Charitableactivitis(school operations)|||||
|Premisesexpenses||3,466|3,466|2046|
|Repairs&renewals||9,452|8,452||
|Member services&travelling|2,395||2,395|700|
|Printing,postage&s,tationery|180||180|140|
|Donationgbook&prizes|2,500||2,500||
|Wages&subscriptions|12,869||L2,869|13,770|
|Insurance||4,572|4,572|3,032|
|Depreiation||8,508|8,508|8,566|
|legal&professionals|1,714||t,714|2028|
|Governance costs|||||
|Totalresources expended|32,730 24,998||57,728|43,000|
|l{etmwementinfunds|(30,955)|L5,77t|(15,184)|62992|
|Totalfundsbroughtfonrrard|168,565|t52,026|320,591|223,513|
|Transfers||||113|
|Total funds carriedforward|||||





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|StatementofFinancialActivities-OCAChinseSchool<br>FortheYearEnded31Marcfi2023|StatementofFinancialActivities-OCAChinseSchool<br>FortheYearEnded31Marcfi2023|||||
|---|---|---|---|---|---|
|Unesfi{rted<br>funds||Endosment<br>funds|2423|2022||
|Notes|f|C|f,|E||
|Incomenegourrces||||||
|Incomeresourcesftomgeneratingfunds||||||
|-Activltiesforgeneratingfunds||||||
|Grosstakingsfromevents||||||
|Advertisement receipts||||||
|Donations received||||||
|Sundry income||||||
|- Investment income:bankinterest||||||
|Incomingresourcesfromcharitable resources||||||
|-Subscription&fees|||||60|
|-Rental income&grants||||||
|- Otherprojec8&events||||||
|Totalincoming resources|||||60|
|Resources expended||||||
|Costofgeneratingfunds||||||
|-Fundraising costs||||||
|Paymentsfore\renB||||||
|Otherprojects& events|5||5|||
|Telephone, advertising&prornotions||||||
|Sundry expenses||||||
|-Investmentcost:bank charges||||||
|Charitableadivities(school operations)||||||
|Premisesexpenses||||||
|Repairs&renewals||||||
|Member services&travelling||||||
|Printing,postage &stationery||||||
|Donations,book&prize||||||
|Wages & subscriptions||||||
|Insurance||||||
|Depreciation||||||
|Legal&professionals||||||
|Governance costs||||||
|Totalresources expended|5||5|||
|I{etmovementinfunds<br>Totalfundsbrought forward|5<br>4,546|0-<br>5<br>(14,148)(9,602)||(6a)<br>(9,655)||
|Transfers|||53|113||
|Total funds carriedforward||||||





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|StatementofFinancialActivities - Eld<br>FortheYearEnded31March2023|erlyPeople's Club|erlyPeople's Club|erlyPeople's Club|||
|---|---|---|---|---|---|
||lrnrcstrictedEDdowmsnt<br>tunds<br>funds|||2023|2022|
||Notes E|E||E|g|
|Incomergounces||||||
|Incomeresouresfromgeneratingfunds||||||
|-ActivitiesforgeneraUngfunds||||||
|Grosstakingsfromevents||||||
|Advertisement receipts||||||
|Donations receiyed|L,576|||1,576|139|
|Sundry income||||||
|-Investment income:bankinterest|7A|||70|2|
|Incomingresourcesfromcharl,tableresources||||||
|-Subscription&fees<br>-Rental income&grants||1,780||<br>1,780||
|-Otherprojecb& events||||||
|Totalincoming resources|t,646|1,780||<br>3,426|141|
|Resourcesexpended||||||
|Costofgeneratingfunds||||||
|-Fundraising costs||||||
|Paymentsforevents|8,768|||8,768||
|Otherprojects&evenb||||||
|Telephone, advertising&promotions||||||
|Sundry expenses|73|||73|72|
|- Investmentcosts:bankcharges||||||
|Charitableactivities(school operations)||||||
|Premissexpenses|||29|29|52|
|Repairs&renewals||||||
|MemberseMces & travelling|850|||850||
|Printing,postage &stationery|17|||17||
|Donations, books&prizes||||||
|Wages&subscriptions||||||
|Insurance||||||
|Depreiation||431||431|312|
|Legal&professionals||||||
|Governance costs||||||
|Totalresources expended|9,708|460||10,168|436|
|l{etmovementinfunds|(8,062)|1,320||(6,742)|(2e5)|
|Totalfundsbrought forward|24,247|(19,545)||4,702|4,334|
|Transfers||||||
|Totalfunds carriedforward||||||





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|OverallBalance Sheet<br>FortheYearEnded31March2023||||||
|---|---|---|---|---|---|
|||Unr*r:ctedEndorryment<br>tunds<br>tunds||2023|2022|
|Fixdassets|I{otes A||E|e.|E|
|Tangiblefixedassets|9||127,514|L27,5L4|131,876|
|Investments|9110|||||
|Total fixedassets||||||
|Currentassets||||||
|Debtors|11|114||L14-|z3%|
|Cashatbankandin hand||90,498||90,498|82,Q15_|
|Total currentassets||90,612||90,612|74,649|
|Crcditors:||||||
|Amountsfallingduewithinoneyear|t2|||||
|Totalassetslesscurrentliabilities||||3||
|Creditorcr||||||
|amountsfallingdueafteroneyear<br>Net assets||81,545 232,89t||0<br> 314,436|0<br> 306,504|
|Fundsofthecharity|13|||||
|Fund balancebrought forward||197,358|118,333|315,691|21&192|
|Incomingresources||3,421|42,549|45,974|111,073|
|Outgoing resources<br>Tran#ers/consolidation adjustments|15|(42,443)<br>(76,791)<br>(25,458)<br>(67,901)<br>76,791_<br>81,545Zt7,2t5293,7@|||(43,436)<br> 285,829|
|Grant reserves-equipment||||||
|Fund balancecarridforward||||||






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|Balance Sheet -TheAssociation<br>FortheYearEnded31March2023||||||
|---|---|---|---|---|---|
||UnrcotridedEndowrncnt<br>firnds<br>tunds|||2023|2022|
||I{otes|E.|E|E|e|
|Fixed assets||||||
|Tangiblefixdassets|9||125,058|125,058|fiq096|
|Investments|9/10|||||
|Total flxedassets||||||
|Currentassets||||||
|Debtors|11|L5,943||L5,943|&434|
|Cashatbankand inhand<br>Totalcurrentassets||68,029<br>83,972||68,029<br>83,972|sz1e6<br> 60,630|
|Crcditors:||||||
|Amountsfallingduewithinoneyear|t2|||||
|Totalassetslesscunentliabilities||||||
|Creditorc:||||||
|amounb fallingdueafteroneyear<br>Net assets||74,972230,435||305,407|291,505|
|Fundsofthecharity|13|||||
|Fund balancebrought forward||168,565|152,026|320,591|222513|
|Incomingresources||1,775|40,769|42,544|ilq992|
|Outgoing resources||(32,730)|(24,998)|(57,728)|(43,000)|
|Transfers/consolidation adjustments|15|(62,638)<br>62,639<br>74872230,435||305,407|291,505|
|Grant reserves- equipment<br>Fund balance camiedfonYard||74,9722i130,435||305,407|?211505|





|Balance Sheet-OCAChinese School<br>FortheYearEnded31March 2023|||||||
|---|---|---|---|---|---|---|
|||UnrcstrictedEndowment<br>ftrnds<br>tunds|||2A23|2022|
||Notes E|||E|€|E|
|FixedasseE|||||||
|Tangiblefixedassets|9||||||
|Investments|9110||||||
|Total fixedassets|||||||
|Currentassets|||||||
|Debtors|11||||||
|Cashatbankand inhand|||||||
|Totalcurrentassets|||||||
|Creditors:|||||||
|Amountsfallingduewithinone year|L2||||||
|Totalassetslesscurrentliabilities|||||||
|Creditons:|||||||
|amountsfalling due afteroneyear||||||1,|
|Netassets|||||||
|Fundsofthecharity<br>Fund balancebrought forward|L3|4,546(14,148)|||(9,602)|(9,655)|
|Incomingresources||||||60|
|Outgoing resources|||(s)|0|(s)||
|Transfers/consolidation adjustments|15|t,795<br>6,335||(15,943)<br>{1,795)|(9,507)|291,505<br>?|
|Grant reserves- equipment<br>Fund balancecarriedfonvard||6,336(15,943)(9,607)(9715)|||||





|<br>FortheYear Ended 31lrlarch2O23||||||
|---|---|---|---|---|---|
|||UnrestrictedErdowmeDt<br>funds<br>lirnds||2023|2022|
||Note.s E||E|e|E|
|Fixedasseb||||||
|Tangiblefixedassets|9||2,456|2,456|<br>1,780|
|Investments<br>Total fixedassets|9/10||2,456|2,456|<br>1,784|
|Cufrentassets||||||
|Debtors|11|tt4||Lt4|114|
|Cashatbankandin hand<br>Totalcurrentassets||16,186<br>16,300|<br> <br>-|L6,L862i,621<br>L6,3O023,735||
|Creditors:||||||
|Amountsfallingduewithinoneyear|L2|||1|800|
|TotalasseElesscunentliabilities||||||
|Crcditorc:||||||
|amountsfallingdueafteroneyear<br>Netassets||16,180|2,456|18,63624,715||
|Fundsofthecharfry|13|||||
|Fund balancebrought forward||24,247|(19,545)|4,702|+334|
|Incomingresources||L,645|1,780|3,426|141|
|Outgoing resources||(9,708)|(460)|(10,168)|(4s6)|
|Transfers/consolidation adjustments<br>Grant reserues-equipment<br>Fund balancecarried fonYard|15|16,180(18,220)-<br>20,676<br>L6,L8A 2,455<br>(s)<br>5||2,040<br>+039<br>20,6762q676<br> 18,636,2+715||





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|Note|3|These are<br> Analysis<br>Note 3:|valued atthelower of costormar*et valu<br>ofincomingnsiources|e.||
|---|---|---|---|---|---|
|||||2023<br>G,E|2022|
|||Grosstakingsfromevents||||
||||Annual dinner&New Yearcelebrations|||
||||Mid-autumn festival|||
|||Total takingsfromevenB||||
|Note|4|Analysis|ofresources expended|||
|||Note 4:||||
|||||2023|2022|
|||||E|g|
|||Payments|forevents|||
||||Annual dinner&New Yearcelebrations|19,259||
||||Mid-auhrmn festival|||
|||Totalpaymentsforevents||19,259||



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|(a)Fixed assets:||||
|---|---|---|---|
|||Fixtule,||
||Freehold|fittings &||
||Propefi|equipment|Total|
||E|E|E|
|Balancebrought forward|249,04L|50,485|299,526|
|Additions<br>Balancecariedforward|L,247<br>249,04L5L,732||300,773<br>t,247|
|(b)Freeholdinvestment:||||
||Freehold|||
||Investment||Total|
||f||€|
|Balancebrought forward|L66,52L||166,521|
|Additions||||
|Balancecarried forward|L66,52L||L66,521|



|Accumulated depreciation and impai|rmentprovisio|ns||||
|---|---|---|---|---|---|
|||||Fixtures,||
|||Freehold||fiEings&||
|||Property|equipment||Total|
|||E||C|E|
|(a)Fixed assets:||||||
||Basis|Straight-line|ReducingBal|||
||Rate|50years||<br>L5o/o||
|Balancebrought forward||L20,L22||47,528|L67,650|
|Depreciation chargeforyear||4,98L||628|5,609|
|Balancecarried forward||125,103||48,156|t73,259|





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|b)Freeholdinvestment:||||
|---|---|---|---|
||Basis|Straight-line||
||Rate|50years|Total|
|||E|E|
|Balancebrought forward||57,8L4|57,8L4|
|Depreciation chargefor year||3J30|3,330|
|Balance carriedforward||6L,L4|6L,L44|



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|(a)Fixed assets:||||
|---|---|---|---|
|||Fixtures,||
||Freehold|fittings &||
||Property|equipment|Total|
||e|E|e.|
|Total netbookvalue brought forward<br>Total netbookvalue carried forward|L73,748<br>123,938 1,579||t13f,48<br> 127,574|



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|(b)Freeholdinvestment:|||
|---|---|---|
||Freehold||
||Investment|Total|
||E|E|
|Total netbookvalue brought forward|L08,747|148,707|
|Total netbookvalue carried forward|L05,377|L05,377|



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|Analysis|of creditors: amounts falling due withinoneyear|||
|---|---|---|---|
|||2023|2022|
|||E|E|
|Accruals<br>Total|anddeferredincome|9,057<br>9,467|<br>8,728<br>8,728|



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