**Charity registration number 1078606**
## **CHINA VISION**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**
## **CHINA VISION**
## **LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|S W G Hallett OBE|
|---|---|
||C McMillan|
||G de Smidt|
||T Mellon|
||L Wang|
||E Bassani|
||A Hinton|
||S Walker|
||P Crook|
|**Charity number**|1078606|
|**Principal address**|44 Priory Park Road|
||London|
||NW6 7UN|
|**Independent Examiner**|Kendall Wadley LLP|
||Granta Lodge|
||71 Graham Road|
||Malvern|
||Worcestershire|
||WR14 2JS|
|**Bankers**|HSBC Bank Plc|
||210 High Holborn|
||Holborn|
||London|
||WC1V 7BZ|
## **CHINA VISION**
## **CONTENTS**
||**Page**|
|---|---|
|Trustees' report|1 - 3|
|Independent examiner's report|4|
|Statement of financial activities|5|
|Balance sheet|6|
|Notes to the financial statements|7 - 13|
## **CHINA VISION**
## **TRUSTEES' REPORT**
## _**FOR THE YEAR ENDED 31 MARCH 2022**_
The trustees present their annual report and financial statements for the year ended 31 March 2022.
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity's constitution, the Charities Act 2011 and the 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 (FRS102) (as amended for accounting periods commencing from 1st January 2019).
## **Objectives and activities**
The charity's objects are
"Supporting individuals and organisations working to empower and enhance the rights of people with disabilities in China. We form people-to-people links, sharing experiences to drive practical action aimed at improving the lives of people with visual and other disabilities. By sharing information and resources internationally we work to reduce discrimination and enhance social equality."
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
## **Achievements and performance**
The financial year covered in this report was again dominated by the Covid-19 pandemic in China and the constrained operational climate facing China Vision and other charities. Despite this, China Vision has continued its work to support education, information and equal rights for visually impaired people and other people with disabilities in China in the following ways:
- Supporting the development of preschool inclusive education, by facilitating support and capacity building for the development of the Qisehua Resource and Advocacy Centre in Zhengzhou City, to promote inclusive education for children with special needs in Henan Province and throughout China.
- Supporting independent living and self-advocacy by visually impaired people, by providing both financial and capacity-building support to the Shengbo Disabled Persons’ Social Service Centre, an NGO within the One Plus One network run by and for visually impaired persons.
- Supporting self-advocacy and awareness raising by women with disabilities in China, by providing financial, mentoring and capacity-building support to BEST, a Beijing-based start-up NGO run by and for women with disabilities across China.
- Assisting and advising on the implementation of the ‘U-Lead East Asia Disability Rights Forum’, a research project run by University of Leeds, to promote a new model of participatory action research for persons with disabilities in China and East Asia.
- Continuing to provide information of relevance to visually impaired people, their families, teachers and communities, through the online magazine ‘Talang’, compiled and translated by Ye Zijie, a blind special needs teacher in Inner Mongolia.
- By conducting and supporting research and monitoring of disability rights, inclusive education and employment in China, in line with the principles of the UN CRPD. This included monitoring of the effect of the Covid-19 pandemic on disabled people during the first months of the epidemic in China.
Each of the above activities accords with China Vision’s mission of:
_“Supporting individuals and organisations working to empower and enhance the rights of people with disabilities in China. We form people-to-people links, sharing experiences to drive practical action aimed at improving the lives of people with visual and other disabilities. By sharing information and resources internationally we work to reduce discrimination and enhance social equality.”_
All of China Vision’s activities are conducted on a strictly non-profit basis and our trsutees give their time voluntarily to the running of the organisation, sourcing information and providing facilitation and mentoring to partner organisations in China. Regular (usually quarterly) trustee meetings were held online, and an AGM was convened online on 7[th] January 2022.
- 1 -
## **CHINA VISION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Project management**
During 2021-22 China Vision continued to provide mentoring, project management, facilitation and evaluation to our projects. China Vision is responsible for overall financial management and the secure transfer of funds to all our projects. Our main aims are to ensure that local partners can operate safely, legally and effectively, to bring the greatest benefit to visually impaired and other disabled people in China.
## **Support for capacity building**
China Vision continues to support capacity building of its local partner organisations through a combination of project management, information sharing, advice, mentoring and training. This has been an ongoing process carried out by China Vision’s on-the-ground consultants and China Vision’s trustees, who provide constant support on a voluntary basis. Capacity strengthening is a key component of China Vision’s work in support of disabled people’s rights and improved lives in China. We continue to reflect on our approach and to seek ways to be more effective, within the constraints of the socio-political context. Throughout this reporting period, China and other countries around the world experienced the Covid-19 pandemic, which severely challenged our work and that of our partners. During this none of our trustees was able to visit China in person, so we needed to adapt our work to provide more online support, using Zoom and other online platforms to provide mentoring and coaching to our partners and working with individuals and organisations in China to assess the impact of the epidemic and related factors on people with disabilities.
## **Research and information Exchange**
China Vision continues to (a) monitor developments in disability affairs in China, and (b) source articles and information about international disability affairs for use by readers in China and elsewhere. China Vision trustees Chris McMillan gives her time voluntarily to find open-source articles in English from around the world, covering a wide range of issues, such as inclusive and special needs education, accessibility, IT, life skills and disability rights. Many of these articles are then translated byYe Zijie and made available to Chinese readers via the Talang digital magazine. Links to the articles are also made available to English readers via the China Vision website.
During this financial year China Vision assisted and advised Prof Anna Lawson and her colleagues at the Centre for Disability Studies, University of Leeds, in conducting a project entitled ‘U-Lead East Asia Disability Rights Forum’. This project was approved for funding and formally began on 1[st] January 2018. China Vision is an advisory organisation to the U-Lead project and has also helped to facilitate some of the project’s actions and outputs, including the handling and disbursement of research grants to disabled researchers in China, Hong Kong and Taiwan.
## **Financial review**
The net movement in funds this year amounted to a deficit of £44,886 (2021 £47,178 surplus).
As at the balance sheet date total funds amounted to £152,731 (2021 £197,617), which consisted of unrestricted funds of £21,205 (2021 £19,022) and restricted funds of £131,526 (2021 £178,595).
After making allowances for tangible fixed assets the free reserves of the charity amounted to £21,205 (2021 £19,022).
The charity activities are driven by project related income however the Trustees aim to maintain free reserves at a level of 3- 6 months unrestricted expenditure which it exceeds this year.
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The trustees have assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
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## **CHINA VISION**
## **TRUSTEES' REPORT (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **Structure, governance and management**
The charity was established by its constitution dated 20th May 1999.
The trustees who served during the year were:
S W G Hallett OBE
C McMillan G de Smidt T Mellon L Wang E Bassani A Hinton S Walker P Crook
Trustees are selected by a search and recruitment process, by all Trustees following a regular needs analysis and by reviewing the balance of skills required on the board. Potential Trustees provide a CV which is circulated to the board before selection is approved.
The Trustees delegate responsibility for the day to day operations to members who give their time voluntarily to the running of the organisation, sourcing information and providing facilitation and mentoring to partner organisation. Quarterly Trustee meetings have been held over zoom.
The charity has no related parties to disclose.
The trustees' report was approved by the Board of Trustees.
## **S W G Hallett OBE**
Trustee Dated: 26 January 2023
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## **CHINA VISION**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHINA VISION**
I report to the trustees on my examination of the financial statements of China Vision (the charity) for the year ended 31 March 2022.
## **Responsibilities and basis of report**
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).
I report in respect of my examination of the charity’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.
I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the charity as required by section 130 of the 2011 Act; or
- 2 the financial statements do not accord with those records; or
- 3 the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.
## **Sarah Morley ACA**
Kendall Wadley LLP
Granta Lodge 71 Graham Road Malvern Worcestershire WR14 2JS
Dated: 26 January 2023
- 4 -
## **CHINA VISION**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**Unrestricted**
**Restricted**
**funds**
**funds**
**2022**
**2022**
**Notes**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
120
-
Charitable activities
**4**
-
24,000
Investment income
**5**
1
-
**Total income**
121
24,000
**Expenditure on:**
Charitable activities
**6**
3,069
71,069
**Net (outgoing)/incoming**
**resources**
(2,948)
(47,069)
**Other recognised gains and losses**
Other gains or losses
**11**
5,131
-
**Net movement in funds**
2,183
(47,069)
Fund balances at 1 April
2021
19,022
178,595
**Fund balances at 31**
**March 2022**
21,205
131,526|**Total**
Unrestricted
Restricted
funds
funds
**2022**
2021
2021
**£**
**£**
**£**
120
120
-
24,000
-
227,920
1
1
-
24,121
121
227,920
74,138
480
162,915
(50,017)
(359)
65,005
5,131
(17,468)
-
(44,886)
(17,827)
65,005
197,617
36,849
113,590
152,731
19,022
178,595|Total
2021
**£**
120
227,920
1
228,041
163,395
64,646
(17,468)
47,178
150,439
197,617|
|---|---|---|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
- 5 -
## **CHINA VISION**
## **BALANCE SHEET**
## _**AS AT 31 MARCH 2022**_
|**Notes**
**Current assets**
Debtors
**13**
Cash at bank and in hand
Net current assets
**Income funds**
Restricted funds
**14**
Unrestricted funds|**2022**
**£**
4,095
148,636
152,731|**£**
152,731
131,526
21,205
152,731|**2021**
**£**
-
197,617
197,617|**£**
197,617|
|---|---|---|---|---|
|||||178,595
19,022|
|||||197,617|
The financial statements were approved by the Trustees on 26 January 2023
S W G Hallett OBE **Trustee**
- 6 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
## **Charity information**
China Vision is an unincorporated charity and is registered in England and Wales. The registered office is 44 Priory Park Road, London, NW6 7UN.
## **1.1 Accounting convention**
The financial statements have been prepared in accordance with the charity's [governing document], the Charities Act 2011, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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 (FRS 102)" (effective 1 January 2019). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
## **1.2 Going concern**
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
## **1.3 Charitable funds**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
## **1.4 Income**
Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
- 7 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## **1.5 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probably that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably,
## **1.6 Tangible fixed assets**
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Equipment
3 years straight line
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
## **1.7 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
## **1.8 Financial instruments**
The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
- 8 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **1 Accounting policies**
**(Continued)**
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
## **1.9 Foreign exchange**
Transactions denominated in foreign currencies are recorded at the rate ruling at the date of the transaction.
Monetary assets and liabilities denominated in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. All differences are included in other recognised gains and losses.
## **2 Critical accounting estimates and judgements**
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Donations and legacies**
||**Unrestricted**|Unrestricted|
|---|---|---|
||**funds**|funds|
||**2022**|2021|
||**£**|£|
|Donations and gifts|120|120|
- 9 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **4 Charitable activities**
|||**Grants**|**Grants**|
|---|---|---|---|
|||**received**|**received**|
|||**2022**|**2021**|
|||**£**|**£**|
||Grants received|24,000|227,920|
||**Performance related grants**|||
||Foundation Open Society Institute|-|213,831|
||University of Leeds|24,000|14,089|
||Other|-|-|
|||24,000|227,920|
|**5**|**Investment income**|||
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**2022**|2021|
|||**£**|£|
||Bank interest received|1|1|
|**6**|**Charitable activities**|||
|||**Charitable**|**Charitable**|
|||**activities**|**activities**|
|||**2022**|**2021**|
|||**£**|**£**|
||Project costs|41,205|22,202|
||Grant funding of activities (see note 7)|21,060|128,823|
||Share of support costs (see note 8)|11,273|11,890|
||Share of governance costs (see note 8)|600|480|
|||74,138|163,395|
||**Analysis by fund**|||
||Unrestricted funds|3,069|480|
||Restricted funds|71,069|162,915|
|||74,138|163,395|
- 10 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **7 Grants payable**
|Grants to institutions:
OPO
Qisehua
BEST
Talang
Shengbo
**Support costs**
Trustee expenses
Book-keeping
Bank charges
Accountancy
Analysed between
Charitable activities|**Support**
**costs**
**Governance**
**costs**
**£**
**£**
288
-
10,480
-
505
-
-
600
11,273
600
11,273
600|**Charitable**
**activities**
Charitable
activities
**2022**
2021
**£**
£
-
27,834
8,751
100,989
3,667
-
1,349
-
7,293
-
21,060
128,823
**2022**Support costs Governance
costs
2021
**£**
£
£
£
288
346
-
346
10,480
10,861
-
10,861
505
683
-
683
600
-
480
480
11,873
11,890
480
12,370
11,873
11,890
480
12,370|
|---|---|---|
**8 Support costs**
Governance costs includes payments to the accountants of £600 (2021- £480) for independent examination.
## **9 Trustees**
None of the trustees (or any persons connected with them) received any remuneration during the year, but 6 of them were reimbursed a total of £2,386 in travelling, subsistence and other sundry expenses.
## **10 Employees**
There were no employees during the year.
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## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
|**11**|**Other gains or losses**|||
|---|---|---|---|
|||**Unrestricted**|Unrestricted|
|||**funds**|funds|
|||**2022**|2021|
|||**£**|£|
||Foreign exchange gains/(losses)|5,131|(17,468)|
|**12**|**Tangible fixed assets**|||
||||**Equipment**|
||||**£**|
||**Cost**|||
||At 1 April 2021||285|
||At 31 March 2022||285|
||**Depreciation and impairment**|||
||At 1 April 2021||285|
||At 31 March 2022||285|
||**Carrying amount**|||
||At 31 March 2022||-|
||At 31 March 2021||-|
|**13**|**Debtors**|||
|||**2022**|**2021**|
||**Amounts falling due within one year:**|**£**|**£**|
||Other debtors|4,095|-|
- 12 -
## **CHINA VISION**
## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 MARCH 2022**_
## **14 Restricted funds**
The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:
|||**Movement**|**in funds**||**Movement**|**in funds**||
|---|---|---|---|---|---|---|---|
||**Balance at**|**Income**|**Expenditure**|**Balance at**|**Income**|**Expenditure**|**Balance at**|
|**1 April 2020**|||**1 April 2021**||||**31 March**|
||**£**|**£**|**£**|**£**|**£**|**£**|**2022**
**£**|
|Foundation||||||||
|Open Society||||||||
|Institute|111,613|213,831|(153,900)|171,544|-|(47,815)|123,729|
|University of||||||||
|Leeds|1,977|14,089|(9,015)|7,051|24,000|(23,254)|7,797|
||113,590|227,920|(162,915)|178,595|24,000|(71,069)|131,526|
Foundation Open Society Institute (FOSI) - during the previous year FOSI awarded the charity with a grant to support disability rights in East Asia for the period 2020-21 to aid with the following projects:
- Preschool Inclusive Education - Resource and Advocacy Centre (RAC)
- CDO Think-tank
- Disability Community Project
- China Vision Capacity Building for NGOs
- Inclusive works
- Inclusion International Annual Congress
University of Leeds - the charity was contracted by the University of Leeds to disburse research grants on behalf of the University under the project "U- Lead East Asia Disability Rights Forum."
## **15 Analysis of net assets between funds**
|**Unrestricted**
**funds**
**Restricted**
**2022**
**2022**
**£**
**£**
Fund balances at 31
March 2022 are
represented by:
Current assets/(liabilities)
21,205
131,526
21,205
131,526|**Total**
Unrestricted
funds
Restricted
**2022**
2021
2021
**£**
£
£
152,731
19,022
178,595
152,731
19,022
178,595|Total
2021
£
197,617|
|---|---|---|
|||197,617|
## **16 Related party transactions**
The Trustees of this charity also form part of the board of another charity, Ability Beyond Borders CIO.
During the year China Vision advanced Ability Beyond Borders CIO £4,095 and this amount remained due at the balance sheet date.
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