Charity re8i¥(ration number 1093920 Company registrdtion number 03822341 (England and Wales) THE CHINESE CENTRE (NORTH OF ENGLAND) LTD ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
THE CHINESE CENTrE (NORTH OF ENGLAND) LTD LEGAL AND ADMINISTRATIVE INFORMATION Trustees MrKCKwok M51 Leung Ms 8 Tsang Ms D Briddon MsJYKYuen (Appointed 22 July 2025} Charity number 1093920 Company number Q3822341 Re8iStered offlce Unit 15 Lynnwood Enterprise Centre Lynnwood Terrace Newcastle Upon Tyne NE4 6UL Independent examlner Stephen Murray ACA 12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL
THE CHINESE CENTRE {NORTh OF ENGLAND) LTD ColrENTs Page Trustee report Independent examiner's report Statement of financial activities Balance sheet 9-10 Notes to the financial statements 11-20
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD TRUSTEE REPORT IINCWDING DIREcfoRS' REPORn FOR THE YEAR ENDED 31 MARCH2025 The trustees, who are also the directors for the purposes of company law, present their annual reFQrt and financial statements forthe year ended 31 March 2025. The flnancial statements have been prepared in accordance with the accounting policies set out in note I to the financial statements and comply wlth the charity's Memorandum and Articles of Association, the Companies Act 2006 and "Accounting and Reporting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts In attordance with the Financial Reporting Standard appIlble in the UK at)J Republic of Ireland {FRS 1021" leffettive l January 20191. Objectives and activities The charitys object5 are: to advance the educatlon of people In the Chinese communfty in the North of England primarily but not exclusively by the provision Df an Icr centre and training facilities. to provlde or asslst In the provision of facilities for recreation or other leisure time occupaticn for children in the North of England with the object of improving their conditions of life. to relieve the poverty of people in the North of England by the provision of subsidised childcare and training. Our org3nisation's name isthe Chinese Centre (North of England). to be inclustve we are locally known as the CICT Open Learning Centre. We promote social inclusion, equality, and diversity with the aim of reducing unemployment and increase community Cohesion through providing skills and progression route5 for disadvantaged particlpants, includlng the Ethnlcally Marglnallsed CommunltJes {henceforth BAMES), refugees and the longterm unemployed from acr055Tyne-and-Wear, parttcularly in Newcastle where we are based. We deliver basic skills training to the BAME economically inactive residents, alongslde wTth Communlty Health Engagement, Financial InclLJsion and Digital Inclusion projects. We 8lso provide unfunded digital provision to BAME asylum seekers, some of whom acqulre refugee statu5 subsequently.
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD TRUSTEE REPORT IINCWDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Achlevements and perforniance Four maln activities undertaken in relatlon to those purposes durlng the year Throughout the year, we delivered four core proEf3mmes aligned with our mission to promote incluslon, wellbeing. and sust31nable employment: I. RISE @ Truly Home Programme This initiative provided free English for Work classes, Drlving Theory support, and ernployability guidance to economically inattive parkncip2nts enrolled in the Refugees Into SustalnGble Employment IRISEI programme. The aim was to enhance language Skills and job readiness, empowerlng individuals to make a first step to access Sustainable employment opportunities. 2. Newcastle Community Brldgebuilder for BAMES With the Monument Ward funding, we successfully dellvered the Newcastle Community Bridgebuilder br BAMES project, we supported residents of the Monument Ward by creating community connecknons and addressirg barriers faced by ethnically marginalised c communities. This programme focused on inclusion and engagement within the local area. 3. Wellbeing Hub Provision Our Wellbeing Hub offered asylum seekers and refugees a welcoming space to CDnnect over a cup of tea, share experiences, and bLJild friendships. This initiative played a vitsl role in promoting social cohesion and reducing isolation among vulnerable groups. 4. Digital Indusion Hub Provision To tackle digitsl ex¢luslon, we distributed donated SIM cards and digital devices to a5ylurn seekers, refugees, and low-income local residents. This support enabled individuals to access essential online services. education. and ommunication too15, helping bridge the digital dtvide. The maln achlevernents and performance of the charity durin8 the year (AI EMPLQYABILITY SUPPORT PROVISION We succe55fully delivered the North East Combined Authorrty Small Grant project called RISE@Truly Home Project (RISE= Refugees Into Sustainable Employment}. RISE @ Truly Home is a transformative project dedicated to supporring Refugees Into Sustainable Employment in Newcastle. Our mission is to clear: to estsblish a dynamic learning community that empowers economirdlly inactive individuals, especially BAME refugee5 and migrants. Our approach includes personalized learning plans, ESOL for Work programme, English Conversation Practice, digital skills support, i-to-l mentoring, volunteering and monthly celebrdtions. We aim to build Confidence and promote proactive job-seeking behaviours among participants, taking a step closer to employment. We aim to shape a brighter future and promote inclusivity and empowerment for sustainable employment. Together, we rise.
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD TRusfEE REPORT (INCLUDING DIREcfoRS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 What we did in RISE English & Employability Training Digital Literacy & Online Safety Workshops Driving Theory & Life Skills One to one 5UPPOrt & Progress reviews * Volunteering opportunitie5 provided to act as digital inclusion volunteers to boost confidence & work ski515 15 RISE participants Ilst cohort) successfully progressed to Newcastle College after completing wr project in September 2024. A total of $4 Economically Inactive participants supported in the RISE@TrulyHome project, exceeding the original target1401 by 135% How We Addressed These Challenges: L•ngw9o 8Arriwr rtlI&..l £mpltsyh•ora G&p t4ilfiay¥n#Lny1h s115 Funded by 'NE Norih E4t Combln•d Aulhority
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED} FOR THE YEAR EhlDED 31 MARCH 2025 (B) SOCIAL INCLUSION AND ENGAGEMEMf PROVISION With the Monument Ward funding. we successfully delivered the Newcastle Community Bridgebuilder f BAME5 project. We recruited six community bridgebuilders recruited in the areas of bilingual support (Arabic & Farsi), barberingi bakin& digital inclusion. IT repalrs and facepainting. From Feb to Mar 2025, a total of 37 Beneficiaries in Monument Ward were supported. All Monument beneficiaries were male asylum seekers st3ylng In New Bridge Hotel (NEI 8BS1. This programme focused on soclal inclusion and engagement within the local area. IC) WELLBEING HUB PROVISION Our Wellbeing Hub offers asylum seekers and refugees a safÈ, welcoming space to connect, Sha experiences, and foster social cohesion over a cup of tea. Throughout this financial year, we continued as an acknve member of the Wellbeing Hubs Network across Newcastle. With support from the Wellbeing Hub Fund, we provided not only warmth but 2 warm we1cornan inclusive environment where asylum seekers, refugees, and local residents could come together, leam new skills, and socialise over hot drink5 and bi5CUItS. The hub welcomed over 500 visitors during the year, with around ID% being families with Child. Nearly half of the visitots were women aged 2>34, many of whom are sPOU5es of settled refugees, while the remainder were primarily newly arrived asylum seekers. Our wellbeing support included offering a warm Space to sociali5e, delNering digital health Ilteracy support and providing donated SIM cards to help vlsltors Stay connected. While we provide light refreshments and internet access, we were unable to meet requests for winter clothing, waterproof item5, umbrella5, or financial vouchers. Many attendees faced significant challenges. including lack of travel costs - some walked for over an hour to reach the hub with inadequate winterproof clothing. We hope that future funding will enable u5 to bridge these ps and expand the 5UPPOrt we offer. (DI DIGITAL INCLUSION PROVISION Our Digital Inclusion initiative help5 bridge the digital divide by providing donated SIM cards and digitsl skills training to asylum seekers, refugees, and local residents. We are proud to be 3 member of the Nation31 Datsbank and National Digitsl Inclusion Network coordinated by the Good Things Foundation. This year. we successfully delivered two funded projects supported by the following grants: Round l - Digital Inclusion Impart Grant- Fix the Digit31 Divide Fund12023-24} Round l - Digital Inclusion Impact Grant- Fix the Digital Divide Fund12024-25}
THE CHINESE CENTRE {NORTH OF ENGLAND) LTD TRUSTEE REPORT (INCLUDING DIRECTORS, REPORT) ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2025 We continued to support the BAME refugees and asylum seekers with donated sim cards. digital devices and digital skills training using Learn My Way.. Month Internet Data benefits I Dlgltal Skllls Learn My Way Registration5 Apr-24 May-24 Jun-24 lul-24 Aug-24 Sep-24 Oct-24 39 16 28 55 70 19 55 37 Nov-24 22 Dec-24 32 Jan-25 Feb-25 li 20 Mar-25 29 TOTAL 414 41 Financial review Total income in the year to 31 March 2025 was £56,917 which is an increase of £14,122 on income received in the prior year to 31 March 2024 of £42,795. Net incoming resources decreased by £14.691 on Unrestricted Funds to £20,84512024= £35.5361 and Restricted Funds decreased by £55 to £0 12024: £551. Net current assets at 31 March 2025 aTnounted to £20,23912024: £34,6381. Reserves policy The policy remains the same as last year to hold in re5erve5 the equivalent of two months general running costs and an additional one month's salary costs and rent. This policy will be reviewed in twelve months, time. Strurture. governance and management The charity is constituted as a company limited by guarantee. registered under the Companies Acts The governing document of the charity is the Memorandum and Arkncles of Association establishing the company under company legislation. There are no restrictions in the governing documents on the operation of the Charity or on its investment power5 Other than those imposed by Charity Law. By operation of law all, trustees are directors under the Companies Act 2006 and all dirertors are trustees under Charities legislation and have responsibilities, as such, under both company and charity legislation. The trustee5 are all individuals.
THE CHINESE CENTRE (NORTH OF ENGLAND} LTD TRUSfEE REPORT (INCLUDING DIRECTORS, REPORTI {CONTINUED) FOR THE YEAR EAIDED 31 MARCH 2025 The Trustees, who are a150 the directors for the purpose of company law, and who served during theyear and up to the date of signature of the financial statements were: MrKCKwok Ms l Leung Ms B Tsang Ms D Briddon MsJYKYuen MsSMak (Appointed 22 July 2025) IResigned 22 June 20241 The Trustee report was approved by the Board of Trustees. MrKCKwok Trustee 17 December 2Q25
THE CHINESE CENTRE [NORTh OF ENGLAND) LTD INDEPENDENT EXAMINER'S REPORT TO THE TRU5fEES OFTHE CHINESE CENTRE (NORTH OF ENGLAND) LTD I report to the trustees Trustees on My examination of the financial ststements of The Chinese Centre (North of England) Ltd (the charity) for the year ended 31 March 2025. Responsibilities and basis of report As the Trustees of the charity (and also its directors for the purposes of company lawl you are responsible ftir the preparation of the financial statements in accordance with the requirements of the Companies Att 2006 {the 2006 Act). Having satisfied myself that the financial gcatements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respett of my examination of the charity'5 financial statements carried out under section 145 of the Charities Act 2011 Ithe 2011 Act}. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515}(bl of the 2011 ACE. Independent examiner's statement I have completed my examination. I confirm that no matters have come to my attention In connect1{ wlth the examination Eiving me cause to believe that in any material respect.. accounttng records were not kept in respect of the charity as required by section 386 of the 2006Act; or the financial statement5 do not accord with those record5,' or the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act other than any requlrement that the accounts give a true and fair view which is not a matter considered as part of an independent examination,. or the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice frjr accounting and reporting by charities applicable to charities preparing their accounts in accordance wlth the Financi21 Reporting Standard applicable in the UK and Republic of Ireland IFRS 102}. I have no concerns and have come across llD Other matter5 in connectton 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. Stephen Murray ACA 12 Bessemer Court Hownsgill Industrial Park Knitsley Lane Consett Co Durham DH8 7BL Dated.. 17 December 2025
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD STATEMENT OF FINANCIAL AcfiviTIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrestrlcted Re5tTlrted funds funds 2025 2025 Total Unrestrlcted Re#rlcted funds funds 2024 2024 Total 2025 2024 Note5 Inwme from: Donations and legacies Charitsble activities 56,857 60 56,857 42,795 42,795 Total income 56,917 56,917 42,795 42,795 Expenditurè on: Charitable activities 71.608 55 71,663 59,567 63 59,630 Total expenditure 71,608 55 71.663 59.567 63 59,630 Net expenditure and movement In funds 114.691) 155) {14,7461 {16,7721 1631 116.835) Reconclllation of funds: Fund balances at l April 2024 35,536 55 35,591 52,308 118 52.426 Fund balances at 31 Marth 2025 20.845 20,845 35,536 55 35,591 The statement of financial activities include5 all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD BALANCE SHEET A5 AT31 MARCH 2025 2025 2024 Notes Fixed assets Tangible a55ets io 606 953 Current assets Debtors Cash at bank and In hand li 781 23,203 370 42,107 23,984 42,477 Credltors: amounts falling due within one year 12 {3,745} 17,8391 Net current a55ets 20,239 34,638 Total assets less current liabilities 20,845 35,591 Net assets excluding pension liability 20,845 35.591 The funds of the charity Restricted income funds Unrestricted funds 14 55 20,845 35,536 20,845 35,591
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD BALANCE SHEEf (CONTINUED) AS AT 31 MARCH 2025 The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Art 2006, forthe year ended 31 March 2025. The directors acknowledge their responsibilthe5 for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements. The members have not required the company to obtain an audit of Its ftnantial statements forthe year in question in accordance with section 476. These finan¢ial statements have been prepared in accordance with the provisions applicable to companles subject to the small companies regime. The financial statements were approved by the Tru5Lees on 17 December 2025 MrKCKwok Trustee Company registration number 03822341 (England and Wales) 10
THE CHINESE CENTrE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL sfATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting policies Charity infomiation The Chinese Centre (North of England) Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is Unit 15 Lynnwood Enterprise Centre, Lynnwood Terrace, Newcastle Upon Tyne, NE4 6UL 1.1 Accounting convention The financial ststements have been prepared in accordance with the charity's tgoverning documentl, the Compznies Act 2006, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic ol Ireland" I'FRS 102.1 and the Charities SORP "Accounting and Reporknng by Charities: Statement ol Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021" (effective l January 20191. The charity is a Public Benefit Entity as defined by FRS 102. The charity ha5 taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, whith is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The financial statements have been ppared under the historical cost convention. [modified to include the revaluation of freehold properknes and to include irTvestment properknes and certain fTnancial instruments at fair valuel. The prlncipal accounting policies adopted are set out below. 1.2 Going concern At the time of approving the financial statement5. the Trustees have a reasonable expectation that the charity has adequate resources to continue in operatlonal exlstence 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 fund5 are available for use at the discretion of the Trustees in furtherance of their charitable objoctives. Restricted funds are subject to specific conditions by.. donors or grantor5 as to how they may be used. The purpose5 and uses of the restritted 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 maintalned bythe charity. 1.4 Income Income is recognised when the charity 15 legally entitled to it after any performance conditions he 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 retognised once the charity ha5 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. 11
THE CHINESE CENTRE INOiml OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED} FOR THE YEAR ENDED 31 MARCH 2025 Accountln8 policies IContlnued} Legacies are recognised on receipt or otherwise if the charity has been noljfied of an impending dlstribution, the amount is known, and receipt is expected. If the amount is not known. the legacy is treated as a contingent asset. 1.5 Expenditure Expenditure is recognised once there is a legal or constructive obligation to tnsfer economic befft to third party. it 15 probable that a transfer of economic benefits will be required in settlement, andthe amount of the oblitiOn can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of dIrt costs and shared costs, including support costs involved in undertaking each activity- Direct costs 2ttrlbutsle to a single activity are allocated directly to that activity. Shared costs which contribute to more than one 8ctivtty and 5UPPOrt costs which are not attributable to a single activity are apportioned between those actThrities on basis consistent with the use of resources. Centrdl staff costs are allocated on the basi5 of time spent, and depreciation charges are allocated on the pothon of the asset's use. 1.6 Tangible fixed assets Tangible tixed 35sets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment10sses. 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: Plant and equipment 25% Straight line The gain or loss arising on the disposal of an asset is determined a5 the difference between the sale proceed5 and the carrying value of the asset, andls recognised in the statement of financial activitre5. 1.7 Impairment of fixed assets At each reporting end date. the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the ImF1rMent loss lif any). 1.8 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, (rther short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 12-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountln8 policies (Continued) 1.9 Flnanclal Instruments The charlty has elerted to apply the provisions of Section 11 'Basic Financial Instrumentg and Secknon 12 'Other Flnanclal Instruments Issues, of FF 102 to all of tts financial instruments. Flnanclal Instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual prowsions of the instrument. Financial assets Bnd liabilitres are ofset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recogni5ed amounts and there is an intention to settle on a net basls or to realise the asset and settle the liability simultaneously. BaslcJlnundul ussets Basic financial assets, which include debtors and cash and bank balances, are initially measured transaction prlce including transaction costs and are subsequently carried st amortised cost using the effective interest method unless the arrangement conskntutes a financing trdn5acknon, where the transaction Is measured at the present value of the future reteipts discounted at a market rate of interest. Financi31 assets classified as receivable within one year are not amortised. Ba5rcfinanciolliabilitie5 Basic fin8 ncial liabilities, including creditor5 and bank103ns are initi311y recogni5ed 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 liabilitie5 cla55ified as payable within one year are not amortised. Debt instrument5 are subsequently carried at amorttsed cost, using the effective interest rate method. Trade creditor5 are obligation5 to pay for goods or services that have been acquired in the ordinary course of operations from supplier5. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented 35 non-current liabilitie5. Trade creditors are recogni5ed initially at transacti¢n price and subsequently measured at amortised cost using the effective interest method. Derecognltfon offinancial liabilfftes Financlal Ilabllities are derecognised when the charitt15 contractual obligations expire or are discharged or cancelled. 1.10 Employee benefits The c05t of any unused holiday entitlement is recognised in the period in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits. 1.11 Retirement benefits Payments to defined contribution retirement benefit schemes are charged a5 an expense as theyf311 due. 13-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Income from donations and legacles Unrestrlrted funds 2025 Unrestrlcted funds 2024 Revenue grant5 from government and public bodies 56,857 42,795 56.857 42,795 Grants receivable for core atttvities Good Things Fundation New¢a*le Clry Council NTCA 8,400 3,800 44,657 10.600 17,000 9,945 250 Small Grants Community Health Fund 5,000 56,857 42,795 Income from charitable activities Totsl 2025 Total 2024 Other income 60 14-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expenditure on charitable actDvitses Total 2025 Total 2024 Dlrect costs Travel and subsistence Classes Advertislng and marketing 776 419 161 265 55 63 1,096 643 Share of 5UPPOrt and governance costs (see note 5) Support Governance 69.258 1,309 57,684 1,303 71,663 59,630 Analysis by fund Unrestricted funds Restricted funds 71,608 55 59.567 63 71,663 59,630 15-
THE CHINESE CENTrE (NORTh OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 Support costs allocated to activities Total Total 2025 2024 Staff costs Depreciation Other staff costs Volunteer Costs Premises expenses Liability and contents insurance Software licences and expenses Telephone, fax and internet Equipment repairs, expenses and maintenance Postsge and ststionery Sundry expenses Governance 54,924 347 42,824 315 1,475 1,067 8,942 475 416 1,359 1,584 8,952 475 504 607 240 439 326 878 146 297 350 1,309 1,303 70,567 58,987 2025 2024 Governance costs comprise: Accountancy 1,309 1,303 1,309 1,303 Net movement in funds 2025 2024 The net movement in funds is stated after charging/{creditingl: Depreciation of owned tangible fixed assets 347 315 Trustees None of the Trustees lor any persons connected with them) received any remuneration or beneffts from the charity during the year. 16-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO ThE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Employees The average monthly number of employee5 duringthe year was". 2025 Number 2024 Number Employment costs 2025 2024 Wages and salaries Other pen5iOll C05ts 54,073 851 42,141 54.924 42.824 There were no employees whose annual remuneration was more than £60,00Q. Remuneratlon of key management personnel NO trustees or persons connected with them received any remuneration from the charity or any related entity. Taxatton The charity is exempt from taxation on its activities because all its income is applied for charitsble purposes. 17-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH2025 10 Tangible fixed assets Plant and tquipment Cost At l April 2024 175,660 At 31 March 2025 175,660 Depreclation and impairment At l April 2024 Depreciation charged In the year 174,707 347 At 31 March 2025 175,054 Carrylng amount At 31 March 2025 606 At 31 March 2024 953 11 Debtors 2025 2024 Amounts falling due within one year: Prepayments and accrued income 781 370 12 Creditor5'. amounts falling due within one year 2025 2024 Other taxation and social security Trade creditor5 Other creditors Accruals and deferred income 556 427 430 4,228 2,754 3,189 3,745 7,839 13 Retirement benefit Schemes 2025 2024 Defined contribution schemes Charge to profit or loss in respect of defined contribution schemes 851 16-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 13 Retirement benefit schemes {Continued} The charity operates a defined contribution pension scheme for all quallfying employees. The assets of the scheme are held Separately from those of the charity in an independently administered fund. 14 Restricted funds The restricted funds of the charity comprise the unexpended balances of donaoons and grants held on trust subject to specific conditions by donors as to howthey may be used. At l April 2024 Resources At 31 Mar¢h expended 2025 Good Things Fundation- Digitsllnclusion Capabilty Grant 55 (551 55 1551 Prevlous year: At l April 2023 Resources At 31 March expended 2024 Good Things Fundation - Digitallnclusion Capability Grant 118 163) 55 Good Things Foundation - Digital Inclusion Capacity Grant- Funding to help with website costs. 15 Unrestricted fund5 The unrestritted funds of the charity comprise the unexpended balances of donations and gTrnts which are not subject to specific conditions by donors and grantors a5 to how they may be used. These include desi8nated funds which have been set aslde out of unrestricted funds by the trustees for specific purpDSes. At l April 2024 Incoming resources Resour¢e5 At 31 March expended 2025 35,536 56.917 (71,6081 20,845 19-
THE CHINESE CENTRE (NORTH OF ENGLAND) LTD NOTESTO THE FINANCIAL STATEMENTS {COlNUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Unrestricted funds (Contlnued} Prevlous year: At l April 2023 Incoming resources Resources At 31 March expended 2024 52,308 42,795 159,5671 35,536 16 Analysls of net asset5 between funds Unrestrfcted funds 2025 Restrlcted funds 2025 Total 2025 At 31 March 2025: Tangible assets Current assetsllliabilities} 605 606 20.239 20.239 20.845 20.845 Unrestricted funds 2024 Restrirted funds 2024 Total 2024 At 31 March 2024: Tangible assets Current assets/lliabilities) 953 34,583 953 34.638 55 35.536 55 35.591 17 Related party trdnsactions There were no di5c105able related party tran5action5 durin8 the year (2024- none). -20-