WAI YIN SOCIETY A Company limited by guarantee - Registration No. 3479994 (England) REGISTERED CHARITYNO. 1073437 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
WAI YIN SOCIETY INDEX Page Trustees Annual Report Independent Examiner's Report Statement of Financial Activities Balan Sht Statement of Cash Flow 10-19 Notes to the Accounts
WAI YIN SOCIETY ST Report of the trustees for the year ended 31 March 2025 The trustees present their annual directors, report and financial statements of the charity for the year ended 315t March 2025 which are also 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 Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 {effective I January 2015). Reference and administratlve 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 Wei Shieong Lau Sally Mei Har Li Echo Mei Rong Li-Doward Huey Minn Teow (appointed I, April 20251 st Joanne Hai Ngan Chan (resigned 31 July 2025) Key management personnel: Senior manager5 Circle Steele Jenny Tsang Registered Off ice 66-68 Swan Street Manchester Independent Examiners Hilton-jones Ltd t/a Community Accountancy Service Hollinwood Business Centre Albert Street, Oldham, OL8 3QL Bankers The Co-operative Bank plc P.0. Box 250 M4 5JU Skelmersdale WN8 6WT Objectives and activities Wai Yin Society is dedicated to providing quality seniices 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 Eaining access to information and resources
WAI YIN SOCIETY To enable chine and other communities to share experience with other like-minded organisation5 To promote cultural exchange between Chinese and other communities In order to achieve the above objectbves, Wai Yin has developed a variety of services, deployed resources and secured fundinE Streams. Structure, 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 organisation strategic direction and policy. The CEO and other members of the management team are direttly 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 opporttjnities. This is part of the on-going business 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. Appointment of trustees, Trustee indurtion and training All potential Trustees are elected by the member5 at the Annual General Meeting. Any member can be elected providing they are nominated and seconded by two other tnembers of Wai YTn. The AGM is advertised in advance to all members and nominations SOUEht from anybody interested in serving as a trustee. All new trustees are invited to attend the core induction training provided to all staff and volunteers. This includes training on confidentiality and health and safety. 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. Principal Funding Sources Wai Yin work with and are funded by Our Manchester (Manchester City Council), Young Manchester, Big Lottery Fund, Good Things Foundation, Community Fund - Motiv8 BBO, Work club, Greater Manchester transport, GMCA- Ministry of Justice, GMCA-KSP I, Answer Cancer, Home office E-visa, Genomics England and many others. Related partie5 and co-operatlon with other organlsatlons Service partners: North Manchester Community Partnership; Cheetham Advice Centre, Jewish Museum, We Stand Together, Rainbow Surprise; Hopewell, Your Housing Group; MACC,. GMCVO,. Saheli. Women's
WAI YIN SOCIETY Voices; Wonderfully Made Women: Manchester BME Network. 5alford CV5; Manchester Adult Education Services,. Manchester City Council- Salford City Council; Manchester Carers Network; Age Friendly Manchester Older People's Board, Manchester Health Watch Board, GMCA Ministry of Justice, Gaddum, National Voices, People Health Trust, Health Equals, Race Equality Foundation, Jigsaw Home, Making Manchester Fairer, Manchester Health and Well Being Board, Cardiff University, Chinese Health Information Centre, King's College London, University of Leicester, University of Manchester, MMU and Manchester Art Gallery, Independent Choice, Manchester International Festival IMIFI, Answer Cancer, GMCA Gender Based Violence Strategy, Community4ALL Wow World of the Women Mancheseter, North West Voluntary Sector Board, Pankhurst Trust/ Women's Aid, Feeding of Resilence, Lankelly Chase, 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 {NPC),Caritas Salford, Health Innovation Manchester, Heart Health steering group, Citizen Advice Bureau Research advisory group, Greater Manchester Environmental Team, Wining Heart and Mind, GM Equals, Christie Hospital Institute, British Museum Heritage Centre, Barnardos, Work and Skills, Manchester Domestic Violence Forum, Community Health Equity Manchester-strategic group, Greater Manchester Transport, Manchester Care and Repairs and many more. Actlvitles & Plans for Future Periods Source of Income OMVC5 grant services to provide health and wellbeing activities at Sheung Lok and welcome centre Salford VC5 Answer Cancer Moj Domestic Abuse Project (Safe Harbourl Manchester City Council's Work Club Grant to support Manchester residents in improving IT and employment opportunities through a serie5 of learning and volunteering opportunities. Trauma Response Hub Independent Age Women 65+ friendship project Manchester City Council Cost of Living Good Things Foundation UKS1- WEA project to provide education ,training and employment programme Trailblazer Welcome Work Programme for people economic inactive BBC CIN project to provide learn and play provision to Chinese children affected by domestic violence Hope for Cheetham project to provide holiday and home work club for young people age 9-16 years Early help and extra support for General Advi work Awards We have successfully extended our awards such as Investor in People Award, Matrix Quality Mark, Advice Quality Standard IAQS) Youth Ambition Quality Award ualit Marks
WAI YIN SOCIETY 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 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 (partnership}-Promotion equality and social Justice 2022 National BAME Health & Care Award (Partnershipl-community Initiative of the year 2023 GM Answer Cancer Award- Outstanding Cancer Champion Organisation 2023 Financial review During this financial year, we have continued to receive Significant funding from major sources such as the Lottery Community Fund and Our Manchester Grant-both of which remain essential in supporting women experiencing domestic abuse and sustaining long-term youth projects-along with the Cost of Living Grant from Manchester City Council and GMCA. However, we have seen a reduction in smaller funding streams, which ha5 contributed to a lower overall turnover compared to the previous year. In recognition of the hard work and continued commitment of our staff, the Board has approved the continuation of the salary uplift, ensuring that we maintain fair and competitive compensation acr05S the organisation, and this enables us to retain talented Staff. Investment powers and policy Investment policy is reviewed annually in order that we can achieve the best return to further our charitvs aims. Wai Yin is funded by a number of British companies and organisations 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 available funds in interest bearing deposit accounts and invested in a residentia I let pro perty. The 5t balance held in unrestricted reserves at 31 March 2025 was £876,951 {2024,. £1,029,734) of which £430,92712024: £573,378} 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 £221,000) The trustees consider 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 COnrn. Any reliance on grant funding is managed through a flexible approach to Staffing.
WAI YIN SOCIETY 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 a ims, 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 participate fully 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 classes are open to people from many different nationalities. They provide support and help to many other BME organisation5 through partnerships. Trustees responsSblllties in relatTon to the financial 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 affair5 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 concem basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the rinancial statements 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: th 4 November 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WAI YIN SOCIETY I report on the accounts of the company for the year ended 31 st March 2025, which are set out on pages 7 to 20. Respective responsibilities of trustees and examiner The ts'ustees (who al'e also the dii'ectors of the company for the puryoscs of company law) al'e responsible for the preparation of the accounts. The trustees consider tlwt an audit is not i'equired for this ye. undei. section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is necdcd. Th¢ charity is required by company law to piepare acciued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Chartered Certified Accountants. Having satlsfied myself that the charity is not subject to audit under company law and is eligible for independent examinatlon, it is my responsibility to: examine the accoltS undci. scction 43 of the 1993 Act) ' to follow the procedures laid down in the general Directions given by the Chai'ity Commission under section 43(7)(b) of the 1993 Act; and to state whether particular umtteis have come to my att¢ntRon. Basis of independent examiner's report My examination was carried out iii accordance with the general Directions gkven by the Charity Comniission. An examination includes a review of the accounting recoi'ds kept by the charity and a compaiison of the accounts presented with those records. It also includes consideration of any unusual itCTns or disclosures in the accounts. and seeking explanations froni you as trustees conceiming any such matters. The procedures undertaken do not provide all the evidence that would be A'equired in an audit and consequcntly no opinion is gÉven as to whethcr th¢ accounts prescnt a 'ts'ue and fair view, and the repoit is limited to those matters set out in the statement below. Independent examiller's statement In connection with my examination, no matter has come to my attention: { l ) which gives me reasonable cause to believe that in any material i'espect the requirements to kccp accounting records in accordance with section 386 of the Conipanies Act 2006. and to prepare accounts which accord with the accounting iEcoi'ds, comply witli the accouiiting requii'ements of the Companies Act 2006, ' and which are consistent wÈth the methods aiid principles of the Stateinent of Recoinmended Practice: Accounting and Reporting by Charities have not been inet. or (2) to whicli, in my opinion, attention should be drawn in order to enable a pi'oper understanding of die accounts to be reached, Janies Hilton Jones FCCA Hilton-Jones Ltd t/a Con]miinity Accountancy seiCe Hollinwood Busincss C¢ntre, Albert Street Oldham, OL8 3QL Ih Dat¢: 4 November 2025
WAI YIN SOCIETY STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2025 (including income and expenditure account) Year Ended 31.03.25 Total Funds Year Ended 31.03.24 Total Funds Notes Unrestricted Restricted Funds Funds INCOME FROM: Donations and Legacies Charitable Activities Fundraising - Cancer Support Other trading aclivilies Inveslmenls Other Income TOTAL (3) (4) 3,639 57,877 4,951 397,316 6,500 8.590 455,193 6,500 35,925 7,788 2,015 516,011 7.903 661.249 15) (6) 35,925 7.788 2,015 107.244 23,084 7,584 1,795 701.615 408.767 EXPENDITURE ON: Raising Funds Charitable Activities TOTAL 3.371 255.207 258,578 4,634 408,253 412.887 8,005 663,460 671,465 2.006 698,330 700,336 {B) NET INCOME (EXPENDITURE) BEFORE TRANSFERS Gains {Lossesl Dn Inv?slmenl Assets {13) Gross Transfer between funds (18) (151.334) (4,120) (155.454) 1,279 1.449 1,449 NET MOVEMENT IN FUNDS {152,783) (2,671) (155,454) 1,279 RECONCILIATION OF FUNDS Total Funds Brought Fonvard 1,029,734 12,342 1.042.076 1.040,797 TOTAL FUNDS CARRIED FIVID (181 876,951 9,671 886,622 1.042.076 The stalement of financial aclivilies indudes all gains and losses in the year. All incoming resources and resour$ expended derive from continuing activities. The notes on pages 10 to 20 form part of these accounts.
WAI YIN SOCIETY REG. CO. NO. 3479994 BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Notes FIXED ASSETS Tangible Fixed Assets Investments {12) (13) 332.440 116,250 344,519 116,250 CURRENT ASSETS Debtors Cash al Bank and in Hand (15) 10,536 489.595 500,131 19,235 619,055 638,2go LIABILITIES: Amounts falling due wilhin one year 116) 62,199 56,983 NET CURRENT ASSETS 437.932 581,307 NET ASSETS 886,622 1,042,076 ACCUMULATED FUNDS Unrestricted Reslricled (18) (18) 876,951 9,671 886.622 1,029,734 12.342 1.042.076 For Ihe year in question the company was enlilled lo the exemption from audit under section 477 of the Companie5 Act 2006 relating to small companies. -The members have not required the company to obtain an audit of ils accounis for the year in question in accordance wÉth section 476. The diredors acknowledge their sponSibl11t1eS for complying with Ihe requirements of the Act with respect to accounling records and Ihe preparation of accounts. These accounls have been prepared in accordance th the provFsions applicable to companies subject to the Small companies, regime. Approved on behalf of the Board ) Director Juanita Yau Dat@.' 4th November 2025 The notes on pages 10 to 20 form part of these accounls.
WAI YIN SOCIETY STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31ST MARCH 2025 Reconciliation of net movement in funds to net cash flow from oporating activities 2025 2024 Net movemenl in funds Add back depreciation Deduct investment income DecreaseJ{increase) in debtors Increasel(decreasel in creditors Net cash used in operating acttvitie8 (155,454) 13,353 (7,788) 8,699 5,216 135.974 1.279 15,941 (7.584) (13,553) 47,644 51,561 Cash flows from investment activities: Interest & Rental Income Purchase of fixed assets 7,788 (1,274) 7,584 (2,590) Net cash provided by investing aclivities 6,514 4,994 Increasel{decrease) in cash and cash equtvalents during the year (129,460) (46,567) Cash and cash equivalents brought forward 619.055 665,622 Cash and cash equivalents Carried forward 489,595 619,055
10 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 ACCOUNTING POLICIES (al Basis of preparation and assessment of going concern The accounts (financial statements) have been prepared under the hislotical cost convention with ilems recognised at COSt or transaction value unless olherwise slated in the relevanl notes to these accoLtnls. The financial stalemenls have been prepared in accordance with the Slalemenl of Recommended Practice-. Accounting and Reporting by Charities preparing Iheir accounls in accordan wth the Financial Reporting Slandard applicable in the UK and Republic of Ireland (FRS 102) January 2019 and Ihe Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102} and Ihe Charilies Act 2011. The charity conslilutes a public benefit enlily as defined by FRS 102. The InJ51ees consider thal there are no material uncertainties aboul the charItS ability lo continue as a going concem. Ib} Funds structure Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. When Ihe requirements of the restricted funds are mel (eg assets are purchased) the transaclion is 8hown as a movemenl in funds from reslricted to unrestricted funds. Unrestricted income funds comprise those funds which the truslees are free to use for any purpose in furtherance of the charitable objecls. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose. Further details of each fund are disclosed in note 18. (c) Income recognition All income is recognised once th8 charÈly has entitlement to the income. it is probable that the income will be received and Ihe amount of income receivable can be measured reliably. Donations and grants are recognised when the charity has been nolified in writing of both the amount and settlement date, In the event that a donation or grant is subject to condition5 that require a level of performance before the charity is entitled lo the funds. the income is deferred and not recognised until either those conditions are fully met. or the fulfilment of those condilions is wholly within the control of Ihe charity and it is probable Ihat those conditions wll be fulfilled in the reporting period. Grants received for future periods are deferred. Inlerest on funds held on deposit is induded when receivable and the atTh)unl can be measured reliabty by the charity., this is normally upon notification of the interest paid or payable by the bank. (d) Expenditure Recognition Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation mmilting the charily to that expenditure, it is probable that settlemenl wtll be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apF)Ortioned to the applicable expenditure headings. For more information on this attribution refer lo note (h) below. (e) Taxation & Irrecoverable VAT All granl income and donations are outside the scope of VAT. The chariiy is not registered for VAT Irrecoverable VAT on expenditure is attribuled lo the calegory of expenditure on which it is incurred. No provision has been made for laxalion as exemption has been granted by HMRC from taxation under Sections 46610 493 of the Corporation Taxes Act 2010 Of Section 256 of the Taxation of Capilal Gains Act lo Ihe extent Ihal surpluses and gains are applied for tharitable purposes. (fl Allocatlon of support and governance costs Support costs have been allocated between governance cosls and other support costs. Governance costs comprise all costs involving the public accountability of the charity and its Complian with regulation and good practice. These costs include costs related lo independent examination and legal and professional fees logelher wilh an apportionment of overhead and support costs. GovernanGe costs and support cosls relating lo charitable activitles have been apportioned based on staff time and Ihe usage of facilities and seTvices for management purposes. The allocation of sUPPOrt and governance cosls is analysed in note 9.
11 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Ig} Costs of raising funds The costs of raising funds consisls of freelance consullancy costs and investment property costs. {hl Charitable Activities Costs of charitable adrvities include governance costs and an apportionment of support costs as shown in nole 8. {1) Tanglble flxed assets and depreclation All assets costing more than £500 are caFNlalised and valued al historical cost. Depreciation is charged on Ihe following basis- Land & Buildings 20h on cost Computer Equipment 33.330A on cosl Office Fitlings & Equipment 25Yo on cost Building Improvements 10% on cost The total of any capital grants are recognised in the Statement of Financial Activities in the year Ihey are received, as required by the SORP, and not defetred over Ihe life of the relaled assets. Ul Investments Investments comprise inveslmenl in la1 and buildings and are mèasured al fair value. Fair value has been established with reference to an average of an estate agenl estimale for the propety and the street average for similar properties over a 12 month period to September. The building was let as a domestic dwelling. The charity is responsible for wear and te8r repairs. Ik) Reallsed galns and losses All gains and losses are taken to the Statement 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 to the first day of the finanal year. Unrealised gains and losses are calculated as the dtfference between the lair value al the year end and their varying value. Realised and unrealised inveslment gains and losses are combined in the Statement of Financial Activilies. {1) Debtors Trade and other deblors are recognised al 5elllement amounl due after any trade discount offered. Prepayments are valued al the amounl prepaid net of any Irade dtscounts due. (m) Credltors and Provislons Creditors and provisions are recognised where the charity has a present obligation resulting from a pasl event that will probably result in Ihe transfer of funds to a Ihird party and the amount due to settle the obligation can be measured or estimated reliably. Ciedilors and provisions are normally recognised al their selllemenl amount after allowing for any trade discounts due. In) Pensions The company operates a defined contribution pension scheme. The assets of the scheme are held separalely from those of the company in an independenlly adminislered fund. Contribulions payable for the year are chaiged against the income and expenditure account. The pension scheme is an aulo enrolmenl compliant scheme. The charily has no liabilities beyond making ils conlribulions and paying across the deduckn'ons for the employee's conlribulK)ns. lo) Operatlng Leases Payments under operating leases are charged to the income and expendilure account in the period lo which they relale. Ip) Donated Servlces The charity has on average 60 volunteers al any one time assisting with reption, adminislralion, café and classrooms. No financial value has been rellected in Ihe accounts for these donated seNices. {q) Taxation Corporation lax is provided on Ihe profits of the residential property lelting as this is nol an exempt aclivily.
12 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 202S 2 NET INCOMING RESOURCES FOR THE YEAR 2025 2024 This is stated after charging.. Depreciation other Financial Services Independent Examiners Fees 13,353 15,941 360 2,296 2,656 3 DONATIONS & LEGACIES Unrestricted Restricted Total 2025 Unreslricted Restricted Total 2024 Donations 3,639 3.639 4,951 4,951 8,590 8.590 7,903 7,903 7.903 7.903 4 INCOME FROM CHARITABLE ACTIVITIES Unrestricted Restricted Total 2025 Home Office - e-visa pioject Geriomics Community Fund - M8 (£21.332 deferred, £20,897 released) MCC M8 MCC GM Moving MCC Our Manchester MCC Gazebo MCC Welcome Cenlre MCC Cost of Living MCC Social Connections MCC NIF Young Manchesler MCC - Work Club Salford - Answer Cancer Good Thing Foundalion N Mcr Communily Partnership- UKSI GMCA- Safe Harbour GMCA- Cost of Living TFGM Bike Library Manchester Care & Repair Womens Voices {£4,727 released) Gaddum Centre Jigsaw Homes - Motiv8 Support Worker Membership Classes & Actiwties Lunch Club 11,915 28,118 127.560 1,235 250 100.000 500 1.200 7.496 4,500 2,500 12.853 8,697 8.000 11,915 28.118 127,560 1,235 250 100,000 500 1,200 7,496 4,500 2,500 12,853 8,697 8.000 18.087 33,024 39,000 831 2,250 750 4,727 2,500 1,910 1.862 2,782 16,189 16,457 455,193 18,087 33,024 39,000 831 2,250 750 4,727 2,500 1,910 1,862 2,782 16,189 16,457 57,877 397,316
13 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 4 INCOME FROM CHARITABLE ACTIVITIES Previous Year Lloyds Foundation Big Lottery- Building Belter Opps Community Fund - M8 (£20.897 deferred. £20.475 released) Community Fund - National Lottery Awards for All Depl. for Levelling Up, Housing & Communities MCC BNO MCC BNO Summer Activities MCC Our Manchesler MCC Winter Hub MCC Newspaper MCC NIF Young ManGhester Gaddum- Carer Nelwork (MCCP) MCC - Work Club Macmillan (£5,000 released) Salford- Answer Cancer Salford College Good Thing Foundation Centre for Ageing Better Royal Exchange Theatre Company NHS ThAanchester CCG - Trauma (£2,734 released) NHS England Men181 Health Manchester University NHS Foundalion Trust-CDC Manchester University NHS Foundalion Trusl -m8 N Mcr Cornmunity Partnership- M8 N Mlcr Community Partnership- Digital Buddies N Mlcr Community Partnership- Ambassador N Mlcr Community Partnership- BNO N Mlcr Community Partnership- Other University of Manchester research University of Cardiff GMCA- Safe Harbour Greatersport TFGM - Bike Library Independent Age (£8,375 released) Manchester Care & Repair Womens Voices (£4,727 deferred) Your Housing Jigsaw Home8- Motiv8 Support Worker Membership Classes & Aclivilies Lunch Club Unrestricted Restricted Total 2024 25,000 25.000 9.536 124,962 9.950 39,990 10,000 7.500 100,000 4,000 1,500 2,168 16,309 2,500 9,850 5,000 8,000 2,736 1B,600 1,120 3,715 2.734 35,000 19,120 5,CiOO 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 9,733 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 16.309 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 5 OTHER TRADING ACTIVITIES --202&----- Unrestricted Restricted --2024----__ Unrestricted Restfflcled Total Total Room Hire Meeting Attendance Research Participation Advice Sufgeries Photocopying Hosling Events Talks Secondment 5,680 22.039 1,(K11 5,680 22,039 1.001 6,880 7,927 3,682 1.807 88 750 1,950 6,880 7,927 3.682 1,807 88 750 1.950 68 7,137 35,925 7,137 35,925 23.084 23,084 6 INVESTMENT INCOME Bank Interest Investment Property 33 7,755 7,788 24 7,560 7,584 24 7.560 7,584 7.755 7.788
14 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025 10 STAFF COSTS AND NUMBERS 2025 2024 Slaff Costs-. Wages and Salaries {incl. Cleaners,Tutors, Child(are) Redundancy Social Security Costs Pension Costs 420.609 2,733 25,800 7,452 456.594 401,069 27,929 436,085 No employee earned £60,000 per annum or more. The total number of staff in the year was 33 (2024: 39) with an average of 29 per month. The average number of employees, on a full lime equivalent basis. analysed by function was.. Services Management and adminislralion of the charily 13 16 16 19 Neither the Chair nor any other directors received any remuneration for their seNices or pension contribution during the year. The charity considers its key staff comprises the Chief Executive. Help Through Crisis Manager and Finance Manager. The remuneration, including pension contributions, of key siaff in the year was £133,105 (2024 £137,362). 11 DIRECTORS. (MANAGEMENT COMMITTEE) REMUNERATION AND EXPENSES No remuneration directly or indirectly out of the funds of the charily was paid or payable. during the period. lo any trustee or lo any persons known to be connected with any of them. No reimbursement of expenses has been made or is due to be made lo any of the trustees in respect of the period. 12 TANGIBLE FIXED ASSETS Securityl Building Computer Fittings & Improvement5 Equipment Equipment Land & Buildings Total COST As al 1 Apiil 2024 Additions Disposals At 31 March 2025 478.886 158.242 65,956 698 69.351 576 772,435 1,274 478.886 158,242 66,654 69,927 773,709 DEPRECIATION As at 1 April 2024 Charge for YeaF Disposals At 31 March 2025 143.667 9.577 153.677 771 63,719 1.658 66,853 1,347 427,916 13,353 153,244 154,448 65.377 68,200 441,269 NET BOOK VALUE Al 31 March 2025 At 31 March 2024 325.642 335,219 3,794 4,565 1.277 2.237 1,727 2,498 332,440 344,519 13 INVESTMENTS 2025 2024 Total fixed asset investments comprise.. Balance Brought forward Additions in the Year Change in Value during the Year At 31st March Land & Buildings 116.250 116,250 116.250 116,250 The building was purchased in March 2017 for the purpose of rental. and the cost was taken as fair value.
15 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 14 CAPITAL COMMITMENTS AND CONTINGENT UABILITIES 2025 £ nil 2024 £ nil Capilal Commitments- contracled bul not provided for There were no contingetbl liabilities al 31st March 2025 (31 st March 2024. £nil). 15 DEBTORS 2025 2024 Other Debtors Accrued Income Prepayments 1.480 3,755 5,301 10,536 411 12,206 6.618 19,235 In 2025 £5,516 (2024 £16,134) relales lo restricted funds. 16 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other Taxes and Soci81 Security Costs Deferred Income Other Creditors Accruals 1,031 53,679 26 7,463 62.199 1,307 25,624 21,441 8,611 56,983 In 2025 £54,048 {2024 £31,934> relales to restricled funds. 17 DEFERRED INCOME 2025 2024 Deferred income comprises of grants received in advance. Balance as at 1 st Aptil Amount released lo income earned from charitable aclivilies Deferred in year Balance Carried Forward 25.624 {25.624) 53.679 53,679 41,284 (41.284) 25,624 25,624
16 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18 MOVEMENTS IN FUNDS Balance at 1 April Incoming 2024 Balance Outgoing at 31 March 2025 Transfers Restrlcted Funds Our Manchester Communily Fund- M8 Community Fund- Awards for All Young Manchester MCC Work Club MCC NIF MCC M8 MCC Cost of Living MCC GM Moving MCC Gazebo MCC Welcome Centre MCC Social Conneclions Dept for Leve11ing Up, Housing & Comms Answer Cancer Cancer Support fundraiser N Mcr Communily Partnership- UKS1 Mcr Univ NHS Foundation Trust- M8 GMCA- Safe Harbour GMCA - Cost of Living Jigsaw Nomes Moliv8 Home Office - &vis8 project Genomics Manchester Care & Repair Your Housing Women's Voices TFGM - Bike Library 100.000 127.560 (100.000) (127,481) (1.950) (12.433) (8,700) (4.668) (1,235) (7,49si (250) (446} {1,200} {2,500) {2,164) (8,000) (8.573) (33,214) (1,071) (38,975) (831) (1,980) (11,915) (28,118) (750) (79) 2,738 788 429 12,853 8.697 2,500 1,235 7,496 250 S) 1,200 4,5¢J) 2,168 54 2,000 930 1,234 8,0(KJ 11,451 33.024 2,878 (190) 1,071 39,000 831 1,910 11.915 28.118 750 25 70 (145) 145 4,727 2,250 (4,727) (2,463) 213 Reslricted Ca al Funds.. Our Manchester GMCA Community Fund M8 TFGM Bike Library MCC Underspend - Burden5 MCC SV Work Club 762 1.022 1.649 1,381 260 360 12,342 (190) (2) (475> (460) (260> 360) 412,887 572 1,020 1,174 921 408.767 1,449 9,671 Unrestricted Funds General Funds- Other nveslment Properly 913.484 116,250 1.029,734 107,244 {1,449} (258,578) 760,701 116.250 876,951 107,244 1,449 258.578 Total Funds 1,042,076 516.011 (671,465) 886,622
17 WAI YIN SOCIETY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 18 MOVEMENTS IN FUNDS cont... Balance at 1 April Incoming 2023 Balance Outgoing at 31 March 2024 Previous Year Transfers Restricted Funds DWP Our Manchester Community Fund- M8 Big Lottery- Building Better Opps. Communily FLJnd- Awards for All Young Manchester MCC Underspend Burdens MCC Wotk Club MCC Newspaper MCC NIF MCC Winter Hub MCC BNO MCC BNO SummerAclivitie5 Depl for Levelling Up, Housing & Comms Answer Cancer N Mcr Community Partnership- BNO N MGr Community Partnership- M8 Mcr Univ NHS Foundation Trust- CDC Mcr Univ NHS Foundation Trust- M8 NHS England Mental Health GMCA- Safe Harbour Gaddum - Carers Network (MCCP) Greatersporl Jigsaw Homes Motiv8 Univ of Cardiff -muslim Womens Project Macmillan Manchester Care & Repair Your Housing Women's Voices Independent Age -cost of living TFGM - Bike Library (300) 300 100,000 124.962 9.536 9,950 16,309 (100,000) (125.0411 (9,5761 (7,2121 {16,300} (5,365) (9,930) (2.004) {79) 2,738 4,481 414 9,850 1,500 2,168 (331) 504 2.168 34 (34) 53 134 10,000 7.500 39,990 8.000 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) 17,634) {39,060) {8.138) <4,940) 16,680) 119,228) {3,929) 135,135) (37,009) (2,500) (4,700) (9,733) (6,250) (5,057) {3,499) (22,820) (9,453> (28.375> (656) 930 138 108 1,071 135 57 499 P75) (145) (1,381) 213 Reslricted Ca ilal Funds.. Our Manchester GMCA Comfflunity Fund M8 TFGM Bike Library MCC Underspend - Burdens MCC SV Work Club Big Lottery- Reaching Comms. 952 2,947 2,297 (190) {1,916) (648) 762 1,022 1.649 1,381 260 360 (91 1.381 (330) 331 326 2,774 720 389 54 11.753 (130) (360) 380 543,901 541.716 12,342 Unrestricted Funds Designated Funds General Funds- Other 912.794 116,250 1.029.044 159.899 (2,774) (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 ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Icont...) 18 RESTRICTED FUNDS (cont..} Detai15 re funds.. DWP Our Manchesler MCC Underspend (Burdens) MCC Winter Hub MCC BNO Communily Fund- M8 Towards workplace support staff and general running costs To suppori victims of domestic abuse To provide a wami hub Towards activities Motiv8 is a programme for people aged over 25 across Greater Manchester who are expeiiencing issue5 Wlth health, alcohol drugs, domestic violence. debt. homelessness or other challeng6S in their lives to get back on Ir8ck. Big Lollery-Building Better Opportunities To support training and employment Community Fund- Awards forAII To 5UPPOrt women 504 on employment Mlcr Univ. NHS Foundation Trust- CDC To promote Community Diagnostic Cenlres Mlcr Univ. NHS Foundation Trust- M8 To deliver health and wellbeing NHS England Mental Heath Towards mental health support Young Manchester Towards youth aclivities MCC Work Club To support peoFle finding employment MCC NIF Towards a an aclivily programme al the Welcome Centre Depl of Levelling Up, Housing & To support peotAe relocating from Communilies Hong Kong To support peOe who suffer from cancer Towards the use of piemises and activities To support the wellbeing of people who are living in M8 To provide carers contact poinls Cancer support to Chinese people. To support urban fish farm, cycling workshops, fvrniture upcycling and IT drop-in sessions. to provide additional resour(xs and culturally appropriate materials To provide victims support services Towards activities Towards staff salary, meetings and use of room Towards a Muslim womens project To provide advice and cullurally appropriate support to Chinese and ethnically diverse communities so thal they know their rights and Towards DIY sessions Towards a partnership Muslim Womens project Towards the e-visa project Answer Cancer N Mlcr Community Partnership BNO N Mlcr Community Partnership M8 Gaddum Cenlre (Carers Network) Genomics Your Housing GMCA Cost of Living GMCA- Safe Harbour Greatersporl Jigsaw Homes Motiv8 Univ. of Cardiff Independent Age Mcr Care & Repair Womens Voices Home Office Capital These grants are spent. The balan represents future depreciation. Our Manchester laptops MCC NeighboLJrhood Fund defibrilator GMCA sign in system & air purifiers Communily Fund M8 towards a fridge freezer, telephones and shutter al the Welcome Cenlre Transport for Greater Manchesler towards a bike library
19 WAI YIN SOCIETY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 {cont...) 19 FINANCIAL INSTRUMENTS The charity only has financial assels and liabilities of a kind that qualify as basic financial inslrumenls. Basic financial instruments are initially recognised on a tiansaclion value and subsequently measured at their settlement value wlh the exception of bank loans which are subsequently measured at an amortised cost using the effectie interest method. 20 OPERATING LEASE COMMITMENTS The charily has the following annual commitment urKler operating leases. Vehicles & Equipment Total 2025 Totsl 2024 Leases which expire.. within one year Leases which expire.. between 1 and 5 years 1,589 1,589 The 15 year lease on Ihe Grosvenor Centre expiring in 2022 has not yet been re-negotiated. The lease for the Cheelham Welcome Cenlre is for 25 years and is based on a peppercorn rent. The lease of the Sheung Lok Centre in Justin Close is for 25 years ending 51h June 2050 and is based on a peppeico¥n renl. Unre$lri¢ted Fund5 Rastrtcted Funds 21 ANALYSIS OF NET ASSETS BETWEEN FUNDS 2025 Tangible Fixed Assets Investments Current Assets Liabilities Net Assets at 31 March 329.774 116.250 439,078 8,151 876,951 2,668 332.440 116.250 500,131 62,199 886,622 61,053 54,048 9,671 Unreslricled Funds Resliicled Funds ANALYSIS OF NET ASSETS BETWEEN FUNDS Tolal 2024 Tangible Fixed Assets Investments Current Assets 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 22 CONTROL OF THE COMPANY The company is under the control of the Board of Directors (Chatity Trustees), who are 811 unpaid volunteers. The PSC is Juanita Yau.