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← Wai Yin Society

2021-03-31-accounts

Page
1-5 Trustees
Annual
Report
Independent
Examiner's		 Report
Statement
of Financial		 Activities
Balance Sheet
Statement
of Cash Flow
10-20 Notes to the Accounts

(including
inco		 me and expenditure
accou		 nt)
Year Year
Ended Ended
31.03.21 31.03.20
Notes Unrestricted Restricted Total Total
Funds Funds Funds Funds
6 5 f
INCOME FROM:
Donations
and Legacies
Charitable
Activities
Other trading
activities
Investments
Other Income		 (3)
(4)
(5)
(6)		 2,952
61,930
13,005
7,714
2,106		 678,010 2,952
739,940
13,005
7,714
2 106		 5,921
578,128
11,061
8,440
801
TOTAL 87,707 678,010 765,717 604,351
EXPENDITURE ON:
Raising Funds
Charitable
Activities
TOTAL		 (7)
(8)		 1,798
19,527
21,325		 630,503
630,503		 1,798
650,030
651 828		 1,695
638,757
640,452
NET INCOME (EXPENDITURE)
BEFORE TRANSFERS
Gains (Losses) on Investment
Assets (13)		 66,382
13,957		 47,507 113,889
13,957		 (36,101)
2,925
Gross Transfer between funds (18)
NET MOVEMENT
IN FUNDS		 80,339 47,507 127,846 (33,176)
RECONCILIATION
OF FUNDS
Total Funds Brought Forward		 790,177 1,981 792,158 825,334
TOTAL FUNDS CARRIED F/WD (18) 870,516 49,488 920004 792,158

2021 2020
Notes 6 6
FIXEDASSETS
Tangible
Fixed Assets		 (12) 386,207 387,510
Investments (13) 87,500 73,543
CURRENT ASSETS
Debtors (15) 45,017 17,411
Cash at Bank and in Hand 459,711 369,637
504,728 387,048
LIABILITIES:
Amounts
falling due
within one year		 (16) ~58,431 55,943
NET CURRENT ASSETS 446,297 331,105
NET ASSETS 920,004 792,158
ACCUMULATED FUNDS
Unrestricted
Restricted		 (18)
(18)		 870,516
49,488
920,004		 790,177
1,981
792,158

Reconciliation
of net movement
in fund		 s to net cash flow from operating
activities
2021f 2020f
Net movement
in funds		 127,846 (33,176)
Add back depreciation
Add back interest
paid
Add back increase (decrease)
in unwinding		 ofdiscount factor 23,372
(4,923)		 29,332
899
410
Deduct investment
income		 (7,714) (8,440)
Add losses (deduct gains) on investment properties (13,957) (2,925)
Decrease/(increase)
in debtors
Increase/(decrease)
in creditors
Net cash used in operating
activities		 (27,606)
22,160
119,178		 (4,337)
~2„731
20,968
Cash flows from investment
activities:
Interest
& Rental Income		 7,714 8,440
Purchase
of fixed assets		 (22,069) (3,845)
Net cash provided
by investing
activities		 (14,355) 4,595
Cash flows from financing
activities
Repayment
of Borrowings
Interest Paid		 (14,581)
~168		 (24,997)
~899
Net cash used
In financing
activities		 (14,749) (25,896)
Increase/(decrease)
in cash and cash equivalents		 during 90,074 (42,269)
the year
Cash and cash equivalents
brought
forward		 369,637 411,906
Cash and cash equivalents
carried forward		 439 711 369637

2 NET INCOMING
RESOURCES FOR THE YEAR
This is stated after charging:
Depreciation
Independent
Examiners Fees		 2021f
23,372
2,148		 2020
8
29,332
2,135
3 DONATIONS
8 LEGACIES
Unrestricted
Restricted		 Total 2021 Unrestricted Restricted Total 2020
f
8		 f f 6
Donations
2,952		 2,952 5,921 5,921
2 952 2 952 5921 5921
4 INCOME FROM CHARITABLE ACTIVITIES Unrestricted
f		 Restricted Total 2021
8
Big Lottery Fund
—Help TC (817,004 deferred
b/f, F17,314c/f)
Big Lottery - Maya Project (89,195deferred
b/f)
Big Lottery
—Heritage
Lott.Fund (82,961 accrued
b/f)
Big Lottery - Building
Better Opps (87,000 accrued
b/f, 610,960 c/f)
Ambition
for Aging
HMRC JRS		 2,000 103,576
28,876
729
29,335
4,302		 103,576
28,876
729
29,335
2,000
4,302
Our Manchester 205,233 205,233
Young Manchester
(64,245 accrued
c/f)
Big Life
Cheetham
Hill Advice
Pankhurst
Trust First 1000Days (F4,476 accrued
MCC First 1000Days Fund
Race Equality
Awards for All		 c/f) 7,500 26,192
7,892
17,905
25,000
12,512
9,950		 26,192
7,500
7,892
17,905
25,000
12,512
9,950
ESF(f14,376 accrued
c/f)
Gaddum
Carer Network
(82,500 deferred
c/f 84,166accrued
MCC
—Work Club
MacMillan (f3,751 accrued
b/f)
GMCA
GMCVO
NHS CCG East Meets West
Smagwood
Trust (Women's
Resilience)
Answer Cancer
Salford College
Good Thing Foundation
NHS Impact Assessment
Hate Crime
RBSSwitch Incentive
OpENS Fund
Other
Your Housing
Membership
Classes
&Activities		 c/f) 4,320
31,935
500
3,000
4,000
3,782
244
809		 26,294
14,998
5,000
8,184
15,000
3,000
42,426
22,174
4,844
44,588
20,000		 26,294
14,998
5,000
8,184
15,000
3,000
42,426
22,174
4,844
4,320
31,935
500
3,000
4,000
44,588
3,782
20,000
244
809
Lunches 3840
61,930		 678,010 3,840
739,940
NOTES TO THE FINANCIAL STAT NOTES TO THE FINANCIAL STAT EME NTS FOR T HE YEAR ENDED 31 MA RCH 2021
4 INCOME FROM CHARITABLE ACTIVITIES
Previous Year		 Unrestricted
8		 Restricted
8		 Total 2020
f
Big Lottery Fund
—Help TC (ft6,637 deferred
b/f,
Big Lottery - Maya Project (f9,195deferred)
Big Lottery - Heritage
Lott.Fund (81,162 accrued
Big Lottery - Building
Better Opps (f8000 accrued
Our Manchester		 817,004 c/f)
b/f, f2961 c/f )
b/f, 87,000 c/f)		 101,656
37,386
16,559
47,607
205,234		 101,656
37,386
16,559
47,607
205,234
Young Manchester
Ambition
for Ageing
Awards
for All (deferred
b/f
ESF		 f10,000) 10,000 18,180
10,000
4,999		 18,180
10,000
10,000
4,999
MCC - Work Club 5,750 5,750
MacMillan
(63,751 accrued)
Salford College
Good Thing Foundation
Talent Match (f821 deferred
b/I)
MCC Neighbourhood
Fund
Other		 8,382
22,264
821
3,810		 15,986
3,650		 15,986
8,382
22,264
821
3,650
3,810
Advice Work 1,921 1,921
Your Housing
Membership
Classes
& Activities
Mental
Health
Support
Lunches
Community
Cafa		 3,894
17,381
1,976
18,971
1,701
91,121		 20,000
487,007		 20,000
3,894
17,381
1,976
18,971
1,701
578,128
5 OTHER TRADING ACTIVITIES
&—---2021-—--)		 &———2020-—
-&
Unrestricted
Restricted		 Total Unrestricted Restricted Total
f 6 f 8 F 6
Consultancy
Room Hire
Hosting
Events
Photocopying
Billboard
Hire		 1,020
11,610
375
13,005		 1,020
11,610
375
13,005		 6,666
3,823
72
500
11,061		 6,666
3,823
72
500
11 061
8 INVESTMENT INCOME
Bank Interest 154 154 880 880
Investment
Property
Rental		 7,560
7 714		 7,560
7,714		 7,560
8,440		 7,560
8440
7 COST OF GENERATING FUNDS
6
Investment
Property
Running
costs
Tax on property
surpluset		 446
1,352
1 798		 446
1,352
1,798		 319
1,376
1 695		 319
1,376
1,695

Unrestricted Restricted TOTAL Unrestricted Restricted TOTAL
CHARITABLE ACTIVITIES Funds Funds 2021 Funds Funds 2020
6 8
Employment
Costs
DBSChecks		 390,123
1,298		 390,123
1,298		 44,633 289,888
536		 334,521
536
Volunteer
Expenses		 1,275 1,275 850 6,146 6,996
Project Partner
Catering
& Cafe
Classes 8 Activities		 426 31,452
5,255
28,459		 31,452
5,255
28,885		 9,483
10,409		 8,222
18,946		 17,705
29,355
Teaching
& Activity
Materials
Childcare		 52 52 210 2,106 2,106
210
Travel &Transport
Training
& Conferences		 1,666
220		 1,666
220		 1,966
1,250		 6,834
8,369		 8,800
9,619
Support Costs
Governance
Costs		 18,449
600		 168,292
2,463		 186,741
3,063		 76,001
3,772		 148,875
261		 224,876
4,033
Total Charitable
Activities		 19,527 630,503 650,030 148,574 490,183 638,757
ALLOCATION
OF SUPPORT		 Support Governance TOTAL Support Governance TOTAL
AND GOVERNANCE
COSTS		 Costs Costs 2021 Costs Costs 2020
6 f
Employment
Costs
Rent, Rates &Water
Heat 8 Light
Repairs
& Maintenance
Security
Interest Paid		 88,054
15,804
11,925
8,983
69		 88,054
15,804
11,925
8,983
69		 100,079
16,834
18,199
13,729
6,553		 100,079
16,834
18,199
13,729
6,553
Cleaning
Materials
8 Waste
PPE
Health
&Safety
Insurance		 8, 153
1,792
7,269		 8, 153
1,792
7,269		 8,768
398
6,986		 8,768
398
6,986
Minor Equipment
& Software
Telephone
8 Internet
Printing
& Stationery
Equipment
Rental
Publications
& Subscriptions
Website		 3,919
8,114
540
1,455
454		 3,919
8,114
540
1,455
454		 834
6,117
3,432
2,250
488
360		 834
6,117
3,432
2,250
488
360
Evaluation
& Quality
Marks
Postage
Sundries
Loan Interest
paid
Loan Interest
provision
Depreciation
Consultation		 7,420
2,313
2,028
(4,923)
23,372		 7,420
2,313
2,028
(4,923)
23,372		 6,940
794
1,474
899
410
29,332		 1,357 6,940
794
1,474
899
410
29,332
1,357
AGM Costs 148 148
Bank Charges
Accountancy
Legal & Professional
Fees
Total		 186,741 167
2,148
600
3,063		 167
2,148
600
189,804		 224,876 261
2,135
280
4,033		 261
2,135
280
228,909

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
CAPITAL COMMITMENTS
AND CONTINGENT
LIABILITIES
2021 2020
Capital Commitments
—contracted
but not provided
for		 6 nil f nil
There were no contingent
liabilities
at 31st March 2021 (31st March 2020, Enil).
DEBTORS 2021
8		 2020
6
Accrued
Income
Prepayments		 41,662
3,355
45,017		 13,712
3,699
17,411
In 2021 838,805 (2020 f15,115)relates to restricted
funds.
16 LIABILITIES: AMOUNTS
FALLING DUE WITHIN ONE YEAR
Bank Loan
Other Taxes and Social Security Costs
Deferred Income
Other Creditors
Accruals		 1,352
19,814
19,114
18,151
58,431		 f
19,672
3,974
26,199
6,098
55,943
In 2021 642,443 (2020 f28,801)relates to restricted
funds.
17 DEFERRED INCOME 2021f 2020
f
Deferred income comprises
of grants received
in advance.
Balance as at 1st April
Amount
released
to income earned
from charitable
activities
Deferred
in year
Balance Carried
Forward		 26,199
(26,199)
19,814
19,814		 27,458
(27,458)
26,199
26,199

MOVEMENTS
IN FUNDS		 Balance Balance
at 1 April Incoming Transfers Outgoing at 31 INarch
2020 2021
Restricted
Funds		 E E E E E
ESF (1,235) 26,294 (1,374) (23,574) 111
Awards
for All		 9,950 (9,950)
Our Manchester
Big Lottery - Help Through
Crisis
Big Lottery
—Heritage
Lottery Fund
Big Lottery - Maya Project
Big Lottery - Building Better Opps.
HMRC JRS
NHS CCG East Meets West		 (7)
879
(803)		 205,233
103,576
729
28,876
29,335
4,302
42,426		 (4,616)
(361)		 (200,617)
(84,155)
(1,541)
(27,712)
(29,335)
(4,302)
(37,108)		 19,414
67
5,318
Young Manchester
MCC Work Club		 (75) 26,192
5,000		 (26,214)
(5,056)		 (22)
(131)
Race Equality
Answer Cancer
Smallwood
Trust (Women's		 Resilience) 12,512
4,844
22,174		 (854) (12,512)
(4,237)
(19,409)		 607
1,911
GMCA 15,000 (9,318) (5,684) (2)
GMCVO
Gaddum
Carer Network
Cheetham
Hill Advice
Pankhurst
Trust First 1000 Days
MCC - First 1000 Days
MacMillan
Your Housing
Opens		 18 3,000
14,998
7,892
17,905
25,000
8,184
20,000
44,588		 (332) (3,000)
(12,495)
(7,820)
(17,917)
(25,000)
(7,852)
(20,018)
(43,655)		 2,503
72
(12)
933
Restricted Ca ital Funds.
'
ESF
MacMillan
Our Manchester
Maya Project
MCC Neighbourhood
Fund
GMCA
Smallwood
Trust (Women's		 Resilience) 1,575 1,374
332
4,616
361
9,318
854		 (525) 1,374
332
4,616
361
1,050
9,318
854
MCC
Big Lottery - Reaching
Comms.		 435
1,194
1,981		 678,010 (435)
380
630,503		 814
49,488
Unrestricted
Funds
Designated
Funds
General
Funds - Other		 19,672
770,505		 87,707 (19,672)
19,672		 7,368 870,516
790,177 87,707 7,368 870,516
Total Funds 792,158 765,717 637,871 920,004

MOVEMENTS
IN FUN		 DS cont...
Balance Balance
Previous Year at 1 April Incoming Transfers Outgoing at 31 March
2019 2020
Restricted
Funds		 f f f f
ESF 4,999 (6,234) (1,235)
Awards
for All		 10,000 (10,000)
Our Manchester 54 205,234 (205,288)
Big Lottery
—Help Through		 Crisis 101,656 (101,663) (7)
Big Lottery - Heritage Lottery Fund 1,783 16,559 (17,463) 879
Big Lottery
—Maya Project
Big Lottery
—Building
Better Opps.
Young Manchester
MCC Neighbourhood
Fund		 (842)
312		 37,386
47,607
18,180
3,650		 (1,575) (37,347)
(47,919)
(18,180)
(2,075)		 (803)
MCC Work Club (663) 5,750 (5,162) (75)
MacMillan (26) 15,986 (15,960)
Your Housing 18 20,000 (20,000) 18
Restricted Ca ital Funds:
MCC Neighbourhood Fund 1,575 1,575
Social Investment 2,079 (2,079)
MCC 868 (433) 435
Big Lottery
—Reaching		 Comms. 1,574
5,157		 487,007 380
490,183		 1,194
1,981
Unrestricted
Funds
Designated
Funds
General
Funds
- Other		 44,259
775,918		 117,344 (24,587)
24,587		 147,344 19,672
770,505
820,177 117,344 147,344 790,177
Total Funds 825,334 604,351 637,527 792,158
WAI YIN SOCIETY
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2021 (cont...)
18 RESTRICTED FUNDS (cont..)
Details re funds:
ESF to support
adult learners
Awards
for		 All for community
gardening
Our Manchester staff and general
running
costs
Big Lottery - Help through Crisis to support
people who are in crisis		 through the provisi ons ofgeneral
advice, training,
work club, anti-poverty		 activities, ESOL, IT classes
and volunteering
opportunities.
Big Lottery —Heritage Lottery to provide
an opportunity
to Chinese		 young people to find out more
Fund about Chinese
writing
in both simplified		 and traditional versions.
Big Lottery - Maya Project working
with 7 organisations
to provide		 support for women
& girls from
BME background
in Manchester
to		 inspire, to raise their aspirations
to assist to realise their dreams
and to live the		 very lives they want.
Big Lottery - Building Better Opps. Motiv& is a programme
for people aged		 over 25 across Greater
Manchester
who are experiencing		 issues with health, alcohol
drugs, domestic violence, debt, homelessness or other challenges
in their lives to get back on track,
HMRC JRS Furlough
support scheme
NHS CCG towards
Young Manchester towards
youth activities
MCC Work Club to supporl
people finding
employment
Race Equality To support
people with dementia
Answer Cancer To support
people who suffer from		 cancer
Smallwood Trust (Women's Resilience) To support women
who suffer from		 domestic violent and family issues.
GMCA To purchase
PPE during
pandemic, .
GMCVO To support older people research
(Carers Network) Gaddum Centre To provide carers contact points
Cheetham Hill Advice To support
families
Pankhurst Trust First 1000 Days To support
pregant
women
and women		 with children under 2years
ofage
MCC Towards
First 1000 Day Project
MacMillan cancer support to Chinese people.
Your Housing to support
urban
fish farm, cycling		 workshops, furniture upcycling
and IT drop-in sessions.
Opens To support
BME older people
Capital
ESF laptops
& poly tunnel
Macmillan laptops
Our Manchester laptops
Maya Project mobiles
MCC Neighbourhood Fund defibrilator
GMCA sign in system
& air puriffiers
Smallwood Trust (Women's Resilience) laptops
MCC towards
the purchase
of an ecotoilet		 at the Welcome Centre.
Big Lottery - Reaching Comms. This grant
is fully spent. The balance		 represents the book value of
assets
still to be depreciated.

Vehicles & Total Total
Land & Buildings
f		 Equipment
f		 2021f 2020
f
Leases which expire: within one year 5,065 5,065 13,753
Leases which expire; between 1 and 5 years 11,265
5,065 5065 25,018
The 15year lease on the Grosvenor
Centre was been re-nego
lease at a reduced
rent.		 tiated
in 2016/17 15to a		 5year
unrestrtcted Restricted
21 ANALYSIS OF NET ASSETS BETWEEN FUNDS Funds
f		 Funds
f		 Total 2021
f
Tangible
Fixed Assets		 367,163 19,044 386,207
Investments 87,500 87,500
Current Assets 418,650 86,078 504,728
Liabilities 2,79 55,634 58,431
Net Assets at 31 March 870516 49488 920,004
Unrestricted Restricted
ANALYSIS OF NET ASSETS BETWEEN FUNDS Funds
f.		 Fundsf Total 2020
f
Tangible
Fixed Assets
Investments		 381,949
73,543		 5,561 387,510
73,543
Current Assets 361,827 25,221 387,048
Liabilities 27,142 28,801 55,943
Net Assets at 31 March 790,177 1,981 792 158