WAI YIN SOCIETY A Company limited by guarantee - Registration No. 34 T9994 (England) REGISTERED GHARITYNO. 1073437 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
WAI YIN SOCIETY INDEX Page Trustees Annual Report Independent Examiner's Report Statement of Financial Activities Balance Sheet Statement of Cash Flow 10-20 Notes to the Accounts
WAI YIN SOCIETY ST Report of the trustees for the year ended 31 March 2024 The trustees present their annual directors, report and financial statements of the charity for the year ended 31, March 2024 which are a150 prepared to meet the requirements for a directors, report and accounts for Companies Act purposes. The financial statements comply with the Charities Act 2011. the Companies Act 2006, the Memorandum and Articles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Fi nancial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 {effective I January 20151. Reference and administrative Information Charity Name: Wai Yin Society Charity Number: 1073437 Company No,. 3479994 Directors and trustees The directors of the charitable company (the charity) are its trustees for the purpose of charity law. The trustees and officers serving during the year and since the year end were as follows: Juanita Yau Xiaofang Karen Wang (resigned 20 April 2024> Mimi Webster Lam (resigned 23rd July 2024) Sally Li Wei Shieong Lau Echo Mei Rong Li-Doward Joanne Hai Ngan Chan Key management personnel: Senlor managers Circle Steele Jenny Tsang Registered Office 66-68 Swan Street Manchester M4 5JU Independent Examiners Community Accountancy Service Limited The Grange Pilgrim Drive Manchester, Mll 3TQ Bankers The Co-operative Bank plc P.0. Box 250 Skelmersdale WN8 6WT Objectlves and activities Wai Yin Society is dedicated to providing quality services to socially excluded and disadvantaged Chinese women and their families and other minority communities in need in the Northwest of England. Objectives- To support and assist Chinese women and their families and other communities in need To encourage mutual support and strengthen unity between the Chinese and other communities To assist Chinese and other communities in building up a positive self-image and self confidence To assist Chinese and other communities in gaining access to information and resources To enable Chinese and other communities to share experience with other like-minded orga nisations To promote cultural exchange between Chinese and other communities
WAI YIN SOCIETY In order to achieve the above objectives, Wai Yin has developed a variety of services, deployed resources and secured funding streams. Structurei governance and management The members of the board meet quarterly. There are places for 15 members. There are currently five members on the board. Apart from the statutory responsibilities of being a board member, the main purpose is to give the organi5ation strategic direction and policy. The CEO and other members of the management team are directly accountable to the board for day to day operational activities and organisation. Over the past 15 years, Wai Yin has considerably diversified its funding base. There are now over 20 funders or contractors for our services. We have sufficient reserves to ensure we cover any liabilities, including four months of salaries and expenditure. Every year there are two days for the staff to discuss strategic aims, and to Identify risks as well as opportunities. This is pa rt of the on-going busine55 plan. There are also financial motoring mechanisms, including a monthly financial statement, with income and expenditure data. This is then scrutinised by the board every three months. All board members are invited to attend regular training sessions, which are part of the training skills enhancement for all staff. Wai Yin has gained an investor in people accreditation for the continuing training and professional development of their staff. Appolntment of trustees, Trustee induction and training All potential Trustees are elected by the members at the Annual General Meeting, Any member can be elected providing they are nominated and seconded by two other members of Wai Yin. The AGM is advertised in advance to all members and nominations sought from anybody interested in serving as a trustee. All new trustees are invited to attend the core induction training provided to all staff and vol unteers. This includes training on confidentiality and health and safetv, Organisation The board of trustees administers the charity. The board normally meets every three months. A CEO is appointed by the trustees to manage the day-to-day operations of the charity. Currently the CEO position is held by two people on a job share basis. Principal Fundlng Sources Wai Yin work with and are funded by Our Manchester (Manchester City Council), Young Manchester, Big Lottery Fund, Macmillan, Dept. for LevellinE Up, Housing and Communities, Your Housing, Good Things Foundation, Community Fund - Motiv8 880, Manchester Carers Contact Point, Manchester CCG, Greater Manchester Health and Social Care Partnership, GMCA. Answer Cancer and many others, Related parties and co-operation with other organisatlons Service partners: North Manchester Community Partnership" Cheetham Advice Centre, Jewish Museum, We Stand Together, Rainbow Surprise; Your Housing Group; MACC; GMCVO," Saheli; Women's Voices", Wonderfully Made Women; Manchester BME Network,. Salford CVS; Manchester Adult Education Services; Manchester City Council. Salford City Council; Salford City College- Macmillan Cancer
WAI YIN SOCIETY Solution,. Manchester Carers Network; Manchester Equality Board, Age Friendly Manchester Older People's Board, Manchester Health Watch Board, MFT (Manchester Foundation Trust} Nominated Governor, GMCA Race Equality Panel, Great Manchester Health and Social Care Partnership, Gaddum, Manchester CCG, Race Equality Foundation, Motiv8 BBO, Public Health Programme, Manchester Health and Well Being Board, Cardiff University, Chinese Health Information Centre, University of Leicester, University of Manchester, MMU and Manchester Art Gallery, Independent Choice, Manchester International Festival (MIF), Answer Cancer, GMCA Gender Based Violence Strategy, Community4ALL and Refugee and Asylum Network, North West Voluntary Sector Board, Pankhurst Trust/ Women's Aid, North West Region31 Strategic Migration Partnership IRSMP), IOGM Hospital Discharge Alliance, Health Research Authority, VOCAL, Manchester Art Gallery, Uncertain Futures, NIHR, Alternative Federation Provider Independent Age, Ageing Better, VOCAL, Bio-medical Research Centre, Genomic England, New Philanthropy Capital INPC),Caritas Salford, On Your Side and many more. Actlvities & Plans for Future Periods Source of Income Lottery Reaching Community Grant, Welcome Centre Reaching Out to M8 Project for 4 years until 2025 OMVCS grant services GM Answer Cancer MOJ Domestic Abuse Project (Safe Harbour) Cardiff University Muslim Women at work Vocal at BRAG (Black Research Advisory Group) Bio medical research centre Manchester City Council's Work Club Grant to support 200 Manchester residents in improving T and employment opportunities through a series of learning and volunteering opportunities. Trauma Response Hub INHS Manchester CCG) to create a floating Trauma Responsive Community Hub Uncertain Futures Project Manchester Art Gallery Independent Age Cost of Living older people project BNO{sl Regional VCSE Grant from the Department of Levelling Up, Housing and Communities to support HK 8NO welcome programme. BNOIs1 National Hate Crime grant as a partner Salford City College to deliver ESOL in Salford. Trauma Response Hub- allocated to Wai Yin M8 Wellbeing Hub to support local organisations and partners to run wellbeing activities. Awards uallt Marks We have successfully extended our awards such as Investor in People Award, Matrix Qualitv Mark, Advice Quality Standard IAQSI Youth Ambition Quality Award Manchester Supplementary school Accreditation Award Radio Sheung Lok- Partner with ALL FM received the Bronze Award for Community Development Project of the year from the Community radio award Chief Superintendent's Citizen Commendation
WAI YIN SOCIETY House of Lords- Community of Challenge Award Spirit of Manchester Award 2018 - Maya Partnership Project spirit of Manchester Award 2019 - Cares Partnership Project BME Network- Digital Award (Bronze) National Diversity Award Finalist Northern Power Women's Award Finalist 2021 Alan Ball Award- Crossing the Borders- Outstanding Community publication 2020 GM Answer Cancer Award - Outstanding Cancer Champion Organisation 2022 Culture Award- Uncertain Futures {partnershipl -Promotion equality and social Justice 2022 National 8AME Health & Care Award IPartnership)-Community Initiative of the year 2023 GM Answer Cancer Award- Outstanding Cancer Champion Organisation 2023 Flnanclal review The past financial year presented significant challenges due to the ongoing effects of the post-COVID environment, coupled with the pressures from the cost of living crisis and broader socio-economic factors. While we experienced a decrease in income stemming from reduced funding from the Our Manchester Grant and certain COVID recovery grants, we have successfully maintained and diversified our funding streams. Notably, we continue to receive support from the Lottery Reaching Community Grant and Our Manchester Grant. In addition, we have secured several key contracts, including partnerships with the Greater Manchester Health and Social Care Partnership, Work and Skills, GMCA MOJ for Domestic and Sexual Abuse, Independent Age {C05t of Living), Trauma Response Hub, and Answer Cancer, among others. These secured funds have significantly contributed to our revenue, enabling us to meet the growing demand for culturally sensitive and inclusive services. Additional research funding, secured by working in partnership with various universities and the N IHR, will not only promote equity in health research but also increase future funding opportunities, We remain committed to proactively increasing our income to ensure we can continue to provide and expand our essential services in response to the rising community needs. Investment powers and pollcv Investment policy is reviewed annually in order that we can achieve the best return to further our charity's aims. Wai Yin is funded by a number of British companies and organi5ations so we can employ both full time and part time staff to work on different projects. Reserves Policy and Golng Concern The trustees, having regard to the liquidity requirements of operating the charity, have kept availa ble funds i n interest bearing deposit accounts and invested in a residentia I let property. The balance held in unrestricted reserves at 31" March 2024 was £1,029,73412023: £1,029,044) of which £S73,37812023: £561,579) are free reserves, after allowing for funds tied up in tangible fixed assets and investment assets. The trustees aim to maintain free reserves in unrestricted funds at a level, which equates to approximately four months of charitable expenditure (currently £233,500). The trustees consider
WAI YIN SOCIETY that this level will provide sufficient funds to respond to applications for grants and ensure that support and governance costs are covered. The trustees consider that the charity is a going concern. Any reliance on grant funding is managed through a flexible approach to staffing. Risk management The trustees have conducted a review of the major risks to which the charity is exposed and systems have been established to mitigate those risks. Every year they set aside two days for all the staff to discuss strategic aims, and to identify risks. Public Benefit Wai Yin Society was founded in 1989 by Chinese women based in Manchester, The core purpose of the society is to promote the welfare of Chinese women and their families and community in order that they partici pate f ully in British life. The welfare services are for the benefit of women, men and children. In the last few years, they have expanded their charitable work to other minority ethnic communities. For example, the English cla55es are open to people from many different nationalities. They provide support and help to many other BME organisations through partnerships. Trustees responsibilities in relatlon to the financlal statements The charity trustees (who are also the directors of Wai Yin Society for the purposes of company lawl are responsible for preparing a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statements, the trustees are required to: Select suitable accounting principles and then apply them consistently. Observe the methods and principles in the applicable Charities SORP; Make judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting record5 that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statement5 comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and taking reasonable Steps for the prevention and detection of fraud and other irregularities. By order of the board of trustees Chair Juanita Yau Date: 20 August 2024
INDEPENDCNT EXAMINER'S REPORT TO THE TRUSTEII S OF WAI YIN SOCIETY l i-¢port 011 the accounts of the company for the yeai" ended 31 st Mai'ch 2024, which are set out on pages 7 to 20. Respective respon$ibilities of trustee5 and examiner The trustees (who are also the dii'ectors of the compaiiy for tlie puiyoses of company law) al'e i'esponsible foi. the pi'epai'alioii of the accounis. The trustees coiisider that an audit is not i'eqiiii'ed for this year under section 43(2) of the Chai'ilies Act 1993 (the 1993 Act) and that all iiidependent exaniination is needed. The cliariiy is reqiiii.ed by coinpany law to pi'epai'e accrued accounts aiid I am qualified to undei-lake ilie examiiiation by being a qualified membei. of The Iiistitute of Chaitei'ed Accountanls in England and Wales. Haviiig satisfied iiiyself that the chai'ity is not subject to audit under conipany law and is eligible for independent examination, it is my responsibility to: examiiie the accounts undei. seciion 43 of the 1993 Act) to follow the procedures laid dowii iii tlie general Directions given by the Chai'ity Commission undei. section 43(7)(b) of the 1993 Act. and to stale whether particular matters liave conie to iny attention. Basis of independent examiner's report My examination was c'r1ed vut in £lLLOi"dance with the general Directions given by the Charity Coinmission. An examination includes a review of the accounting recoi'ds kept by the charity aiid a comparison of the accounts presented witl) those i'ecoi'ds. It also iiicludes consideralioi) of any unusual iiems or disclosures iii the accounts, and seekiiig explanations fi'om you as ti'ustees concerniiig any such matters. The pi'ocedures undertaken do noi provide all the evideiice that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'ti'ue and fail. view, aiid the report is limited to those matters set out in the statement below. Independent examiner's statement In colectIon witli niy examiiiation, no matter lias come to my attention: ( l ) which gives me reasonable cause to believe that in any material respect the requii'einents to keep accounting records iii accoi'daiice with section 386 of the Companies Act 2006. and to prepai'e accounts which accord with tlie accouiiting i'ecoi"ds. comply with the accounting requii'einents of the Companies Act 2006, , aiid wliich are consistent witli the metliods and principles of the Stateinent of Recoinmeiided Practice: Accounting and Reporting by Charities Iiave not been met. or {2) to which, iii my opinion, attention should be drawn in order to enable a pI'oper understanding of the accounts to be reaclied. EL Andei'son MA FCA CTA Comniunity Accountancy seiCe Ltd The GianbFe, Pilg7rim Drive Beswick, Manchester, Ml13TQ Ih Date: 20 August 2024
WAI YIN SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024 (including income and expendilure account) Year Ended 31.03.24 Total Funds Year Ended 31.03.23 Total Funds Notes Unrestricted Restricted Funds Funds INCOME FROM: Donations and Legacies Charitable Aclivilies Othèr trading activities Investments Other Income TOTAL 13) (4) (5) (6) 7,903 119,533 23.084 7.584 1,795 159.899 7,903 661,249 23,084 7,584 1,795 701,615 7,301 846,684 25,587 7,393 1,030 887,995 541,716 541,716 EXPENDITURE ON: Raising Funds Charitable Activities TOTAL (71 2,006 154,429 156,435 2,006 698,330 700,336 2,051 820.325 822,376 543.901 543,901 NET INCOME (EXPENDITURE) BEFORE TRANSFERS Gains (Losses) on Investment Assets113 Gross Transfer between funds (18) 3.464 <2,185) 1,279 65,619 1,250 2,774) 2,774 NET MOVEMENT IN FUNDS 690 589 1,279 66,869 RECONCILIATION OF FUNDS Total Funds Brought Forward 1,029,044 11.753 1,040,797 973,928 TOTAL FUNDS CARRIED FIWD (18) 1,029.734 12.342 1,042,076 1,040,7 The statement of financial activities includes all gains and losses in the year. Ail incoming resources and resour$ expended derive from continuing activities. The notes on pages 10 to 20 fomi part of these accounts.
WAI YIN SOCIETY REG. CO. NO. 3479994 BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Notes FIXED ASSETS Tangible Fixed Assels Investments (12) (13) 344,519 116,250 357,870 116,250 CURRENT ASSETS Debtors Cash at Bank and in Hand 115) 19,235 619.055 638,290 5,682 665,622 671,304 LIABILITIES.. Amounts falling due within one year (161 (56.983 (104,627 NET CURRENT ASSETS 581.307 566.677 NET ASSETS 1,042.076 1,040,797 ACCUMULATED FUNDS Uniestricted Restri¢led {181 (18) 1,029,734 12.342 1.042,076 1,029.044 11.753 1,040.797 For the year in queslion the company was enlilled lo the exemption from audil under section 477 of the Companies Act 2006 relating to small Companies. -The members have not required the company to obtain an audit of its accounts for the year in question in accordance with sedion 476. The directors acknowledge their re5ponsibililies for complying wilh the requirements of the Act wilh respect to accounting records and the prepaiation of accounts. These accounts have been prepared in accordance with the provisions applicable lo Companies subjecl lo the small companies, regime. Approved on behalf of the Board ) Director Juanila Yau ) Director Sally Li Date= 20th August 2024 The notes on pages 10 to 20 fomi parl of Ihese accounts.
WAI YIN SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST MARCH 2024 Reconciliation of net movement in funds to net 5h flow from operatlng activities 2024 2023 Nel movement in funds Add back depreciation Less surplus on disposal of assets Deduct investment income Add losses (deduct gains) on investment properties Decreasel{increase) in debtors Increasel(decrease) in creditors Net cash used in operating activities 1,279 15.941 66,869 19,801 {1,0301 {7.393) {1,250) 3,097 27,431) 52,663 (7,5841 (13.5531 47.644 151,561 Cash flow8 from Investment actlvit6ès: Interest & Rental Income Purchase of fixed assets Disposal proceeds Net cash provlded by investing activltles 7.584 (2.590) 7,393 (5.702) 2,060 3,751 4,994 Increasel(de¢rease) in cash and cash equivalents during the year (46,567) 56,414 Cash and cash equivalents brought forward 665.622 609,208 Cash and ca8h equivalents carrled fOard 619,OSS 665,622
10 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 ACCOUNTING POLICIES lal Basis of preparatlon and assessment of gowng toncern The accounts (financial slalementsl have been prepared under Ihe historical cost convention with items recognised at cost or transaction value unless othetwise stated in the relevant notes lo these accoLsnts. The financial stalemenls have been prepared in accordance with the Stalement of Recommended practi.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in Ihe UK and Republic of Ireland (FRS 102} January 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland {FRS 102) and the Charities Act 2011. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charitls ability lo conlinue as a going concern. Ibl Funds stwcture Reslricled funds are funds which are to be used in accordance with specific reslridions imposed by the donor. When Ihe requirements of the reslricled funds are met {eg assets are purchased) the transaction is shown as a rllovement in funds from restrided to unrestricted funds. Unreslricled income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, al their discretion. have created a fund for a specific purpose. Further details of each fLJnd are disclosed in note 18. (cl Income recognltion All income is recognised once the charity has entitlement to the income. il is probable that the income will be reiVed and the amount of income receivable can be measured reliably. Donations and grants are recognised when Ihe charity has been nolified in wriling of both the amounl and selllement dale. In the event that a donalion or grant is subject lo conditions that require a level of performance before the charity is enlilled lo the lunds. the in¢ome is deferred and not recognised until 8ilher those condilions are fully mel, or the fulfilment of those condilions is wholly within the control of the charity and il is probable that those Gonditions will be fulfilled in th8 reporting period. Grants received for future periods are deferred. Interest on funds held on deposil is included when receivable and the amount can be measured reliably by the charity., this is nom)ally upon notifatIon of the interest paid or payable by the bank. Idl Expendlture Recognition Liabililies are recognised as experKliture as soon as there is a legal or ¢onslru¢live obligation committing the charily to that expenditure, it is probable that settlement will be required and Ihe amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses induding support costs and governan costs are allocated or apportioned lo Ihe applicable expenditure headings. For more infomiation on this allribution refer lo note (h) below. (el Taxatlon & Irrecoverable VAT All grant income and donations are outside the scope of VAT. The d)arily is noi registered for VAT Irrecoverable VAT on expenditure is atlribuled to the category of expenditure on which il is incurred. No provision has been made for laxalion as exemption has been granted by HMRC from laxation under Sections 466 to 493 of the Corporation Taxes Act 2010 or Section 256 of the Taxalion of Capilal Gains Act to the extent that SuSe5 and gains are applied for charitable purposes. (f) Allocation of support and governance costs Support cosls have been allocated belween governance cosls and other support costs. Govemance osls comprise all costs involving Ihe public accountability of the charity and its compliance with regulation and good practice. These costs include costs related lo independenl examination and legal and professional fees together wilh an apportionment of overhead and support costs. Governance costs and support costs relating lo charilable aclivities have been apportioned b8sed on slaff lime and the usage of facilities and seNices for man8gemenl purposes. The allocation of support and govemance costs is analysed in note 9.
11 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 (g) Costs of raising funds The costs of raising funds consists of freelance consultancy cosls and investment property costs. {hl Charltable Actlvlties Costs of charitable activities include governance costs and an apportionment of support costs as shown in note 8. lil Tanglble flxed assets and depreciation All assets costing more than £500 are capitalised and valued at hislorical cost. Depreciation is charged on the following basis= Land & Buildings 2% on cost CompLtler Equipment 33.330fi on cosl Office Fitiings & Equipment 25¥9 on cost Building Improvements 10¥0 on cosl The lolal of any capital grants are recognisèd in the Statement of Financial Activities the year they are received. as reqLfrired by the SORP, and not deferred over Ihe life of the related assets. Ul Investments Investments comprise investment in land and buildings and are measured at fair value. Fair value has been established with reference lo an avefage of an eslale agent estimate for the property and the street average for similar properties over a 12 month period lo September. The buildin9 was lel as a domestic dwelling. The charity is responsible for wear and tear repairs. Ikl Reallsed galns and losses All gains and losses are taken lo the Statemenl of Financial Activities as they arise. Realised gains and losses on investments are calculated as the difference between sales proceeds and their opening carrying values or their purchase value if acquired subsequent lo Ihe first day of the financial year. Unrealised gains and losses are calculated as Ihe difference betsveen the fair value at the year end and their varying value. Realised and unrealised investment gains and losses are combined in the Slalemenl of Financial Aclivilies. 11} Debtors Trade and other deblors are recognised at selllemenl amount due after any Irade discount offered. Prepayments are valued al the amount prepaid nel of any trade discounts due. Im} Creditors and Provisions Creditors and provisions are recognised where the charity has a present obligation resulting from a past event thal will probably result in Ihe transfer of funds to a third party and the amount due to settle Ihe obligation can be measured or estimated reliably. cditOrS and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. In) Penslons The company operales a defined conlribulion pension scheme. The assels of the scheme are held sepaialely from those of the company in an independently administered fund. Conlribulions payable for the year are charged againsl the income and expenditure account. The pension scheme is an auto enrolmenl compliant scheme. The charity has no liabilities beyond making Ils contributions and paying across the deductions for the employee's contributions. lo) Operatlng Leases Payments under operating leases are charged to the income and expenditure account in the period lo which they relate. (p) Donated Services The charity has on average 60 volunteers al any one time assisling with reception. adminislralion, café and classrooms. No financial value has been reflected in the accounts for Ihese donated services. Iq) Taxation Corporalion lax is provided on the profits of the residential property letting as this is nol an exempt activity.
12 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 2 NET INCOMING RESOURCES FOR THE YEAR 2024 2023 This is slated after charging= Depreciation Surplus on Disposal of Assets Other Financial Services Independent Examiners Fees 15.941 19,801 (1,030) 360 2,296 2,260 3 DONATIONS & LEGACIES Unrestrictsd Restricted Total 2024 Unrestricted Restricted Totsl 2023 Donations 7,903 7,903 7.903 7,903 7.301 7,301 7,301 7,301 4 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Total 2024 Lloyds Foundation Big Lollery- Building Better Opps Communily Fund- M8 1£20.897 deferred, £20.475 released) Communily Fund- National Lollery Awards for All Dept. for Levelling Up, Housing & Communities MCC BNO MCC BNO Summer Activities MCC Our Manchester MCC Winter Hub MCC Newspape MCC NIF Young Manchester Gaddum- Carer Network (MCCP) MCC - Work Club Macmillan (£5.000 released) Sallord - Answer Cancer Salford College Good Thing Foundation Centre for Ageing Beller Royal Exchange Theatre Company NHS Manchester CCG - Trauma (£2.734 released) NHS England Mental Health Manchester University NHS Foundation Trust-CDC Manchester University NHS Foundation Trusl-M8 N Mcr Community Partnership- M8 N Mlcr Community Partnership- Digital Buddies N Mlcr Community Partnership - Ambassador N Mlcr Community Partnership- BNO N Mlcr Community Partnership - Other University ¢f Manchester research University of Cardiff GMCA- Safe Harbour Greatersport TFGM- Bike Library Independent Age1£8,375 Teleased) Manchester Care & Repair Womens Voices {£4.727 deferred) Your Housing Jigsaw Homes- Motiv8 Support Worker Membership Classe5 & Activities Lunch Club 25.000 25.000 9,536 124,962 g,950 39,990 10,000 7,500 100,000 4.000 1,500 2,168 16,309 2,500 9,850 5,000 8,000 2,738 18,600 1,120 3,715 2,734 35,000 19,120 5,000 6.680 2,500 2,500 4,940 4,251 2,915 6,250 37.000 4,700 2,250 28,375 4,500 9,453 22,950 g.733 1,976 2.764 24,804 18,418 661,249 9,536 124.962 9,950 39.990 10.000 7,500 100,000 4,000 1,500 2,168 18.309 2,500 9,850 5,000 8,000 2,736 18,600 1,120 3.715 2,734 35,000 19,120 5.000 6.680 2.500 2,500 4.940 4,251 2,915 6,250 37.000 4.700 2,250 28,375 3,000 9,453 22,950 9,733 1,500 1,976 2,764 24,804 18.418 119,533 541,716
13 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 4 INCOME FROM CHARITABLE ACTIVITIES Previous Year Lloyds Foundation Big Lottery - Building Better Opps Community Fund - M8 (£20,065 deferred) Depl. for Levelling Up. Housing & Comms {£37,567 released) MCC Our Manchester MCC Underspend Burdens MCC Winter Hub MCC Food Infraslruclure MCC Hate Crime Young Manchester Big Life Pankhurst Trust First 1000 Days MCC First 1000 Days Fund Gaddum- Carer Network (MCCP) MCC - Work Club MCC - Work Club Social Value Macmillan (£5.000 deferred) Sallord - Answer Cancer Salford College Good Thing Foundation NHS Manchester CCG - Trauma (£2,734 deferred) NHS Manchester CCG - NIF Health to Challenge (£6.071 released} 1 OGM Hospital Discharge Alliance (Winter Wonder) NHS Trafford CCG - East Meets Wesl (Covid 19) £39.852 released N Mcr Community Partnership- DWP Flexible Fund University of Leicester OP8NS N8ighbourhood Support Fund MCC Careis GMCA- Cost of Living GMCA- Safe Harbour Indepéndent Age1£8,375 deferred) Greater Manchester Mental Health North Manchesler GTF Olher Your Housing Membership C18sses & Activities Lunch Club Unrestricted Restricted Total 2023 27,250 27.250 36,684 122,441 73,120 205,234 29,800 4,200 2,460 4.500 16,981 7.500 2.984 4,167 26,975 6,000 2,547 24.249 9,230 6,480 12,520 5,266 6,071 9,880 39,852 9.423 1,800 22,294 4,637 9,500 35,000 11,625 3,000 4,203 2,489 20,000 2.188 16,732 17,402 846,684 36,684 122,441 73,120 205,234 29,800 4,200 2.460 16,981 7.5) 4.167 26,975 6,000 2.547 24,249 9,230 6.480 12.520 5,266 6,071 9,880 39,852 9,423 1,800 22,294 4,637 9,500 35,000 11,625 3,000 4,203 2,489 20.000 2,188 16,732 17,402 110.790 735,894 5 OTHER TRADING ACTIVITIES -2024--- Unrestricted Restricted -2023-___ Unrestricled Restiicled Total Total Room Hire Meelin9 Attendance Research Participation Advice Surgeries Photocopying Hosting Evenls Talks Newspaper 6.880 7.927 3,682 1.807 88 750 1,950 6,880 7,927 3.682 1,807 88 750 1,950 4.350 5,254 11,898 1,020 65 4,350 5,254 11.898 1,020 65 3,000 25,587 3,000 25,587 23,084 23,084 6 INVESTMENT INCOME Bank Interest Inveslment Property 24 7.560 7,584 24 7.560 7,584 7,390 7.393 7,390 7.393 7 COST OF GENERATING FUNDS Inveslrnent Properly Running costs Tax on property surplusec 680 1.326 680 1,326 833 1,218 2,051 833 1.218 2,051
14 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Unrestricted Restricted Funds Funds TOTAL 2024 Unrestricted Restricted Funds Funds TOTAL 2023 CHARITABLE ACTIVITIES Employment Costs Freelance & Sessional Workers DBS Checks Training & Conferences Volunteer Expenses Project Partners Catering & Cafe Classes & Activities Teaching & Activity Materials Counselling & Therapy Publicity Travel & Transport Training & Conferences Support Costs Governance Costs Total Charitable Activities 290.398 36.308 1.544 1.350 4.154 4.200 5.463 31.966 290,398 46,074 1,574 1,350 4,180 4,200 16.785 41,857 140 500 467,107 467,107 28,060 32,523 563 563 9,766 30 4,463 26 17 3,644 12,672 11,396 38,554 3,661 12,672 11,396 43,587 11,322 9,891 140 5,033 500 187 187 3,393 8,958 7,102 7.102 165,999 227,750 2,559 4,819 741,236 820,325 5,186 5,399 10.585 5,565 115,772 2,296 154,429 162,619 278,391 2,296 698.330 61,751 2.260 79,089 543.901 ALLOCATION OF SUPPORT AND Support GOVERNANCE COSTS Costs Governance TOTAL Costs 2024 Support Costs Governance TOTAL Costs 2023 Employment Costs Rent, Rates & Water Heat & Light Repairs & Maintenance Cleaning Materials & Waste Insurance Minor Equipmenl Telephone & Internet Post, Printing & Stationery Equipment and Room Rental Publications & SLtrbscriplions Website, SOfare & IT support Evaluation & Quality Marks Sundries Depreciation Consultancy Accountancy Legal & Professional Fees Total 145,687 15,153 37,418 11,005 7,023 11,557 2,714 8.640 3,656 1.672 557 938 g,192 2.857 15,942 4,020 360 145,687 15,153 37,418 11.005 7,023 11,557 2,714 8,640 3,656 1,672 557 938 9,192 2,857 15,942 4,020 2,656 104,692 16,577 30,616 7,675 7,501 9,951 2,956 7,947 7,812 1,672 80 104 5,400 4,966 19.801 104,692 16,577 30,616 7,675 7,501 9,951 2,956 7,947 7,812 1,672 80 104 5,400 4,966 19,801 2,296 2,620 2,620 2.199 2,199 4,819 232,569 278.391 2,296 280,687 227,750
15 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024 10 STAFF COSTS AND NUMBERS 2024 2023 Staff Costs.. Wages and Salaries (incl. Cleaners,Tutors, Childcarel Redundancy Social Sècurity Costs Pension Costs 401,069 530,253 4,594 30,154 6,798 571,799 27,929 7,087 436,085 No employee earned £60,000 per annum or more. The total number of staff in the year was 39 (2023.- 46) with an average of 33 per month. The average number ofemployees, on a full time equiv81ent basis, analysed by function was.. SeNices Managemenl and administration of the Charity 16 20 19 23 Neither the Chair nor any other directors received any remuneration for their setvices or pension contribution during the year. The charity conside¥s ils key staff comprises the Chief Executive. Help Through Crisis Manager and Finan Manager. The remuneration, including pension contributions. of key staff in the year was £137,36212023 £119,492). 11 DIRECTORS, (MANAGEMENT COMMITTEE) REMUNERATION AND EXPENSES No remuneration diie¢tly or indirectly out of the funds of the Charity was paid or payable, during the period, lo any tTuslee or lo any persons known lo be ¢onnected wilh any of them. No reimbursement of expenses has been made or is due to be made to any of the trustees in respect of the period. 12 TANGIBLE FIXED ASSETS Securityl Bulldlng Computer Flttlng8 & Improvements Equlpment Equlpment Land & Building8 Total COST As at 1 April 2023 Additions Disposals At 31 March 2024 478.886 158.242 65,956 66,761 2,590 769,845 2.590 478,886 158,242 65,956 69,351 772,435 DEPRECIATION As at 1 April 2023 Charge for Year Disposals Al 31 March 2024 134,089 9,578 152,526 1,151 61,494 2.225 63,866 2.987 411,975 15,941 143,667 153.677 63,719 66.853 427.916 NET BOOK VALUE Al 31 March 2024 At 31 March 2023 335.219 344.797 4.565 5.716 2,237 4.462 2,498 2,895 344,519 357,870 13 INVESTMENTS 2024 2023 Total fixed asset investments comprise: Balance Brought forward Additions in the Year Change in Value during the Year At 31st March Land & Buildings 116.250 115.000 1,250 116,250 116.250 The building was purchased in March 2017 for the purpose of renlal. and the cost was taken as fair value.
16 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 14 CAPITAL COMMITMENTS AND CONTINGENT LIABILITIES 2024 £nil 2023 £ nil Capital Commitments - contracted but not provided for There were no contingent liabililies at 31sl March 2024 {31 st March 2023, £nil). 15 DEBTORS 2024 2023 Other Debtors Accrued Income Prepaymenls 411 12.206 6.618 19,235 5.682 5,682 In 2024 £16,134 {2023 £2.733) relates to restricted funds. 16 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Taxes and Social Security Costs Deferred Incomè Olher Creditors Accruals 1,307 25,624 21,441 8,611 56,983 1.227 41,284 1,171 60,945 104,627 In 2024 £31,934 {2023 £46,844) relates lo restricted funds. 17 DEFERRED INCOME 2024 2023 Deferred income comprises of grants reiVed in advance. Balance as al 1 $1 April Amount released lo income eamed from charitable aclivilies Deferred in year Balance Carried FoNard 41,284 103.555 {41,2841 (103,555) 25,624 41,284 25,624 41,284
17 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 MOVEMENTS IN FUNDS Balance at 1 April Incoming 2023 Balance Outgolng at 31 March 2024 Transfers Restricted Funds DWP Our Manchesler Community Fund- M8 Big Lottery - Building Better Opps. Community Fund- Awards for All Young Manchester MCC Underspend Burdens MCC Work Club MCC Newspaper MCC NIF MCC Winter Hub MCC BNO MCC BNO Summer Activities Depl for Levelling Up, Housing & Comm Answer Cancer N Mcr Community Partnership- BNO N Mcr Community Partnership- M8 Mcr Univ NHS Foundation Trust- COC Mcr Univ NHS Foundation Trusl- M8 NHS England Mental Health GMCA - Safe Harbour Gaddum - Carers Network IMCCP) Grealersport Jigsaw Home5 Moliv8 Univ of Cardiff -muslim Womens Project Macmillan Manchester Care & Repair Your Housing Women's Voices Independent Age -cost of living TFGM - Bike Library (300) 300 100.O¢X) 124,962 9.536 9,950 16.309 (100.000) (125.041) (9,576) {7,212) (16,300) {5,365) {9,930) (2,004) (79) 40 2,738 4,481 414 884 (331} 504 9.850 1.500 2.168 2,168 34 (34) 53 134 10.000 7,500 39,990 8.O¢XI 4,940 6.680 19.120 5,000 35,000 37,000 2,500 4.700 9,733 6,250 5.000 3,000 22,950 9,453 28,375 2.250 (10.053) (7,634) (39,060) (8.138) (4.940) (6,680) (19,228) 13,929) (35,135) (37,009) {2,500) (4,7001 (9,733) (6,250) (5,057) 13,499) (22,820) {9,453) (28,375> (6561 930 138 1,071 135 57 499 (275) (145> (1,381) 213 lricfed Ca ital Funds.. Our Manchester GMCA Community Fund M8 TFGM Bike Library MCC Underspend - Burdens MCC SV Work Club Big Lollery- Reaching Comms. 952 2.947 2.297 (1901 (1,916) (648) 762 1,022 1.649 1,381 260 360 19) 1,381 1330) 331 326 2,774 720 389 54 11.753 (130> (360) 380 543,9011 541,716 12,342 Unrestricted Funds General Funds - Other Investmenl Property 912,794 116.250 1.029,044 159.899 (2,7741 (156.435) 913,484 116,250 1,029,734 159.899 2,774 156,435 Total Funds 1.040,797 701.615 700,336 1,042,076
18 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 18 MOVEMENTS IN FUNDS ¢ont... Balance at 1 April Incoming 2022 Balan Outgoing at 31 Maich 2023 Previous Year Transfers Restricted Funds DWP Our Manchester Community Fund- M8 Big Lottery - Building Beller Opps. NHS CCG East Meets Wesl Young Manchester MCC Underspend Burdens MCC Work Club MCC Carers MCC Winter Hub NIF Health Challenge Depi for Levelling Up. Housing & Comm Answer Cancer GMCA - Cost of Living GMCA- Safe Harbour 1 OGM Hospital Discharge Alliance {Wint Gaddum Carer Neiwork Pankhurst Trust First 1000 Days MCC- First 1000 Days Macmillan Your Housing MCC -OPeNS Independent Age -¢osl of living Grealer Manchester Mental Health (341) 9,423 205,234 122,441 36,684 39,852 16,981 29,800 8,547 4.637 4,200 6,071 73.120 9.230 9,500 35,000 9,880 26.975 2,984 4,167 24.249 20,000 22,294 11.625 3,0(Xi (9,382> (205,234} (1,3551 {121,086) (36,644> (44,1701 116,981) 124.599) (7,744) (4,6371 (4.166) (6,071) (73,120) {9,230) {9,5QO) {35,000) 19,880) (26,975) (2,788) (4.3631 124.2491 {20,275) {22,294) (11,625) 13,000) (300) 40 4.318 (720) (389) 4,481 414 <196) {275) Reslricled C8 ESF Macmillan Our Manchester Maya Project MCC Neighbourhood Fund GMCA Smallwood Trust (Women's Resilience) Community Fund M8 MCC Underspend - Burdens MCC SV Work Club Big Lottery- Reaching Comms. 1181 Funds.. 687 (687) (168) {1,832) (181) 1525) (2,928) 1427) (1,097) 2,784 181 525 5,875 427 2.039 952 2,947 1.355 720 389 2,297 720 389 54 11,753 434 17,095 380 741,236 735,894 Unrestrlcted Funds Designated Funds General Funds- Other 841.833 115,000 956.833 152,101 1.250 153,351 (81.140) 912,794 116,250 1,029.044 81.140 Total Funds 973.928 889.245 822,376 1,040,797
19 WAI YIN SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {cont...) 18 RESTRICTED FUNDS {cont..> Details re funds.. DWP Our Manchester MCC Underspend (Burdens) MCC Winter Hub MCC BNO Community Fund- M8 Towards workplace sUPPOrt Slaff and general running costs To support victims of domestic abuse To provide a warm hub Towards activities Motiv8 is a programme for people aged over 25 acloss 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. Big Lollery-Building Better Opportunities To support Iraining and employmenl Communily Fund - Awards for All To support women 50+ on employmenl NHS CCG East Meets Wesl Towards counselling and psycholherapy servi8.. ended in 2023. Mlcr Univ. NHS Foundation Trust- CDC To promote Community Diagnostic Cenlres Mlcr Univ. NHS Foundation Trust - MB To deliver health and wellbeing NHS England Mental Heath Towards menlal health support IOGM Hospital Discharge Allian To support Chinese people who are discharged from hospital Young Manchester Towards youth activities MCC Work Club To support people finding employment MCC NIF Towards a an aclivily programme at the Welcome Centre Depl of Levelling Up. Housing & To support people relocating from Communities Hong Kong To support people who suffer from cancer Towards the use of premises and aclivities To support the wellbeing of people who are living in M8 To provide carers contact points To support pregant women and women with children under 2 years of age; ended in 2023. Cancer support lo Chinese people. To support urban fish farm. cycling workshops, fumilure upcycling and IT drop-in sessions. To support BME older people- ended in 2023. To provide additional Tesources and culturally appropriale malerials and goods.. ended in 2023. To provide victims support services Towards activities Towards slaff salary, meetings and use of room Towards a Muslim womens project To provide advice and cullurally appropriate support to Chinese and elhnically diverse communilies so that Ihey know Iheir rights and Towards DIY sessions Towards a partnership Muslim Womens project To support those with mental health needs Answer Cancer N Mlcr Communily Partnership BNO N Mlcr Community Partnership M8 Gaddum Centre (Carers Network) Pankhurst Trust First 1000 Days Macmillan Your Housing Opens GMCA- Cost of Living GMCA- Safe Harbour Grealersport Jigsaw Homes Motiv8 Univ. of Cardiff Independent Age Mcr Care & Repair Womens Voices GMMH Capital ESF laptops & poly tunnel Macmillan laptops OLfr Manchester laptops Maya Project mobiles MCC Neighbourhood Fund defibrilator GMCA sign in syslem & air purifiers Smallwood Trust (Women's Resilience) laplops Community Fund M8 towards a fridge freezer. telephones and shutter al the Welcome Cenlre Tr8nsport for Greater Manchester lowards a bike library Big Lottery- Reaching Comms. This granl is fully spent.
20 WAI YIN SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2024 {cont... 19 FINAf4ciAL INSTRUMENTS The charily only has financial assets and liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised on a transaction value and subsequently measured at Iheir setllemenl value with the exception of bank loans which are subsequently measured al an amortised cost using thi effectie interest method. 20 OPERATING LEASE COMMITMENTS The charity has the following annual commitment under operating leases. Vehicles & Equipmenl Total 2024 Total 2023 Leases which expire.. within one year Leases which expire.. between 1 and 5 years 1,589 1,589 6,353 1,589 7,942 1,589 1,589 The 15 year lease on the Grosvenor Centre expiring in 2022 has not yet been re-negolialed. The proposed lease for the Cheetham Welcome Centre is for 25 years and is currently being negotiated. Unrg$tri¢t•d Funds Restrlcted Fund8 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2024 Tangible Fixed Assets Investments Current Assels Liabilities Net Assets at 31 March 340,106 116.250 598.427 25.049 1,029,734 4,413 344,519 116,250 638,290 56,983 1,042,076 39,863 31,934 12,342 Unreslricled Funds Reslricled Funds ANALYSIS OF NET ASSETS BETWEEN FUNDS Total 2023 Tangible Fixed Assets Inveslmenls Current Assets Liabilities Net Assets at 31 March 351,215 116,250 619,362 57,783 1,029,044 6,655 357,870 116,250 671,304 104,627 1,040,797 51,942 46.844 11.753 22 CONTROL OF THE COMPANY The company is under the control of the Board of Directors (Charity Trustees), wfio are all unpaid volunleers. The PSC is Juanila Yau.