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2022-07-31-accounts

Huaxia Chinese School

Registered Charity 1111588 http://www.huaxiaschool.org.uk Tel. 07809 256762 Email: info@huaxiaschool.org.uk

- Huaxia Chinese School 2021 22 Annual Report

June 2022

Teaching and Learning

The School resumed face-to-face teaching on 7th November 2021, after over one year of online teaching.

Edexcel Exam

School Magazine

School magazine is back this year after a two year’s suspension. Both staff and students have written their reflections on the past unusual time. It's a very interesting read, we are proud of all the children for what they’ve achieved.

Other Activities

School Account

All documents are now E-copies and more environmentally friendly. Financial report has been prepared separately.

Registration number 1111588 Registered Charity

Huaxia Chinese School Financial

Statements

for the year ended 31 July 2022

Huaxia Chinese School

Charity Information

Trustees Xue Teng Chair
Mengmei Wang Treasurer
Lai Wah Chan
Shixiong Guo
Na Li Secretary
Yongshui Song
David Lok
Lingfeng Zeng
Liqun Zhang
Registered Charity Number 1111588
Accountants Levell & Co Ltd
Suite 25 Peel House
30 The Downs
Altrincham
WA14 2PX
Charity Address c/o Ms Teng
4 Lansdowne Road
Sale
Cheshire
M33 6PF
Bankers Barclays Bank Plc
Barclays Business Centre
Manchester City Office
PO Box 357
51 Mosley Street
Manchester
M60 2AU

Huaxia Chinese School

C
ontents
Page
Trustees' report 1
Accountants'report 2-3
Profit and loss account 4
Balance sheet 5
Notes to the financial statements 6
Income and Expenses Schedule 7

Trustees Report for the year ended 31 July 2022

The trustees report and the financial statements for the year ended 31 July 2022.

The object of the charity is to advance the education of the public in particular those of Chinese ethnic origin in the Chinese language and culture.

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the Management Committee acting as Charity Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its financial activities for that period. In preparing those financial statements the Charity Trustees are required to:

a) select suitable accounting policies and apply them consistently;

b) make judgements and estimates that are reasonable and prudent;

c) statement whether the policies adopted are in accordance with Charities SORP and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;

d) prepare the financial statements on the going concern basis unless it is inappropriate to assume the Charity will continue operating.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Trustees

The Trustees who served during the year are as stated below;

Xue Teng Chair Mengmei Wang Treasurer Lai Wah Chan Shixiong Guo Na Li Secretary Yonghui Song David Lok Lingfeng Zeng Liqun Zhang

This report was approved by the Board on

and is signed on its behalf by;

Xue Teng Trustees

Mengmei Wang

Page 1

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF HUAXIA CHINESE SCHOOL.

I report on the financial statements of the Charity for the period ended 31 July 2022, which are set out on pages 5 to 9.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 or under Regulation IO (l)(a) to (c) of The Charities Accounts Regulations 2006 and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Financial Accountants.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

-examine the accounts under section 145 of the 2011 Act and section 44(I)(c) of the Charities and Trustee Investment Act 2005 (the 2005 Act);

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether

the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'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 respect the requirements

Page 2

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

John Bone AFA MIPA

Financial Accountants Levell & Co Ltd Suite 25 Peel House 30 The Downs Altrincham WA14 2PX

Page 3

Income and Expenditure for the year ended 31 July 2022

Incoming Resources
Notes
Excess / (Deficit) Income over Expenditure
2
Other interest receivable and
similar income
Interest payable and similar charges
Net income / loss for the year
Reserves brought forward
Reserves carried forward
Gifts, donations and fee income
Administrative expenses
2022
2021
£
£

12172
34,682
4
7
12,176
34,689
115,508
80,819
127,684
115,508
78,727 86,414
66,555
51,732

The notes on page 6 form an integral part of these financial statements.

Page 4

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors:amounts falling
due within one year
5
Net current assets
Total assets less current
liabilities
Net assets
Capital and reserves
Movement during the year
Balance sheet
as at 31 July 2022
2022
£
£
164
-
127,795
127,795
(275)
127,520
127,684
127,684
127,684
127,684
Balance sheet
as at 31 July 2022
2022
£
£
164
-
127,795
127,795
(275)
127,520
127,684
127,684
127,684
127,684
2021
£
1,285
115,303
£
191
115,317
127,795
(275)
116,588
(1,271)
127,684 115,508
115,508
127,684
127,684 115,508
127,684 115,508

The charity trustees consider that an audit is not required for this year and acknowledge that full responsibility for preparation of the financial statements.

Trustees Xue Teng· Mengmei Wang:

The notes on page 6 form an integral part of these financial statements

Page 5

Huaxia Chinese School

Notes to the Financial Statements for the year ended 31 July 2022

1. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% Reducing balance Fixtures, fittings and equipment - 15% Reducing balance

2. Income

The total income of the charity for the year has been derived from its principal activity wholly undertaken in the UK.

3.
Tangible fixed assets
Plant and machinery
Fixtures
£
Cost as at 01.08.21
1,045
Additions
As at 31.07.22
1,045
Depreciation
As at 01.08.21
952
Charge for year
13
As at 31.07.22
965
Net book values
At 31.07.22
79
At 31.07.21
93
4. Debtors
Prepayments and accrued income
5. Creditors:amounts falling due
within one year
Trade creditors
Other taxes and social security costs
Other creditors
and fittings
£
440
440
341
14
355
84
98
2022
£
-
2022
£
-
-
275
275
Total
£
1,485
1,485
1,294
27
1,320
163
191
2021
£
1,285
2021
£
-
-
1,271

1,271

Page 6

Huaxia Chinese School

Income and Expenditure Schedule for the year ended 31 July 2022

Income
Membership Fees
Activity Club Income
Funds from China
Tax refund on donations
Other Income
Gross Profit
Unrestricted Expenses
Teacher’s wages
Training
Awards for Students
Other Activities
Porter Security Charge
Rent and Rates
Examination Charge
Insurance
Printing, Postage, Stationery and Advertising
Teaching Materials & Books
School Magazine
Telephone
Computer Costs
Travelling Expenses
Legal and Professional
Accountancy
Subscriptions
General Expenses
Prior Year Adjustment
Depreciation
Surplus / (Deficit) of Income over Expenditure
Other Income and Expenses
Bank Deposit Interest
Net Excess Income over Expenditure
2022
2021
£
£
£
£
72,082
85,490
-
-
-
-
-
-
6,645
924
100%
78,727
100%
86,414
45,117
38,416
-
64
503
2,945
142
80
6,072
-
-
-
5,922
3,942
394
394
793
362
4,150
1,829
1,459
-
683
928
286
1,014
69
-
-
-
275
800
-
819
100
100
563
9
27
33
(66,555)
(51,732)
12,172
34,682
4
7
12,176
34,689

The notes on page 6 form an integral part of these financial statements.

Page 7

Registration number 1111588 Registered Charity

Huaxia Chinese School Financial

Statements

for the year ended 31 July 2022

Huaxia Chinese School

Charity Information

Trustees Xue Teng Chair
Mengmei Wang Treasurer
Lai Wah Chan
Shixiong Guo
Na Li Secretary
Yongshui Song
David Lok
Lingfeng Zeng
Liqun Zhang
Registered Charity Number 1111588
Accountants Levell & Co Ltd
Suite 25 Peel House
30 The Downs
Altrincham
WA14 2PX
Charity Address c/o Ms Teng
4 Lansdowne Road
Sale
Cheshire
M33 6PF
Bankers Barclays Bank Plc
Barclays Business Centre
Manchester City Office
PO Box 357
51 Mosley Street
Manchester
M60 2AU

Huaxia Chinese School

C
ontents
Page
Trustees' report 1
Accountants'report 2-3
Profit and loss account 4
Balance sheet 5
Notes to the financial statements 6
Income and Expenses Schedule 7

Trustees Report for the year ended 31 July 2022

The trustees report and the financial statements for the year ended 31 July 2022.

The object of the charity is to advance the education of the public in particular those of Chinese ethnic origin in the Chinese language and culture.

STATEMENT OF TRUSTEES RESPONSIBILITIES

Charity law requires the Management Committee acting as Charity Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its financial activities for that period. In preparing those financial statements the Charity Trustees are required to:

a) select suitable accounting policies and apply them consistently;

b) make judgements and estimates that are reasonable and prudent;

c) statement whether the policies adopted are in accordance with Charities SORP and with applicable accounting standards, subject to any material departures disclosed and explained in the financial statements;

d) prepare the financial statements on the going concern basis unless it is inappropriate to assume the Charity will continue operating.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011.

They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud or other irregularities.

Trustees

The Trustees who served during the year are as stated below;

Xue Teng Chair Mengmei Wang Treasurer Lai Wah Chan Shixiong Guo Na Li Secretary Yonghui Song David Lok Lingfeng Zeng Liqun Zhang

This report was approved by the Board on

and is signed on its behalf by;

Xue Teng Trustees

Mengmei Wang

Page 1

REPORT OF THE INDEPENDENT EXAMINER TO THE TRUSTEES OF HUAXIA CHINESE SCHOOL.

I report on the financial statements of the Charity for the period ended 31 July 2022, which are set out on pages 5 to 9.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 or under Regulation IO (l)(a) to (c) of The Charities Accounts Regulations 2006 and that an independent examination is needed. The charity is required by company law to prepare accrued accounts and I am qualified to undertake the examination by being a qualified member of The Association of Financial Accountants.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

-examine the accounts under section 145 of the 2011 Act and section 44(I)(c) of the Charities and Trustee Investment Act 2005 (the 2005 Act);

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission and is in accordance with Regulation 11 of the Charities Accounts Regulations 2006. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the account, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether

the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'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 respect the requirements

Page 2

have not been met; or

2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

John Bone AFA MIPA

Financial Accountants Levell & Co Ltd Suite 25 Peel House 30 The Downs Altrincham WA14 2PX

Page 3

Income and Expenditure for the year ended 31 July 2022

Incoming Resources
Notes
Excess / (Deficit) Income over Expenditure
2
Other interest receivable and
similar income
Interest payable and similar charges
Net income / loss for the year
Reserves brought forward
Reserves carried forward
Gifts, donations and fee income
Administrative expenses
2022
2021
£
£

12172
34,682
4
7
12,176
34,689
115,508
80,819
127,684
115,508
78,727 86,414
66,555
51,732

The notes on page 6 form an integral part of these financial statements.

Page 4

Notes
Fixed assets
Tangible assets
3
Current assets
Debtors
4
Cash at bank and in hand
Creditors:amounts falling
due within one year
5
Net current assets
Total assets less current
liabilities
Net assets
Capital and reserves
Movement during the year
Balance sheet
as at 31 July 2022
2022
£
£
164
-
127,795
127,795
(275)
127,520
127,684
127,684
127,684
127,684
Balance sheet
as at 31 July 2022
2022
£
£
164
-
127,795
127,795
(275)
127,520
127,684
127,684
127,684
127,684
2021
£
1,285
115,303
£
191
115,317
127,795
(275)
116,588
(1,271)
127,684 115,508
115,508
127,684
127,684 115,508
127,684 115,508

The charity trustees consider that an audit is not required for this year and acknowledge that full responsibility for preparation of the financial statements.

Trustees Xue Teng· Mengmei Wang:

The notes on page 6 form an integral part of these financial statements

Page 5

Huaxia Chinese School

Notes to the Financial Statements for the year ended 31 July 2022

1. Tangible fixed assets and depreciation

Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:

Plant and machinery - 15% Reducing balance Fixtures, fittings and equipment - 15% Reducing balance

2. Income

The total income of the charity for the year has been derived from its principal activity wholly undertaken in the UK.

3.
Tangible fixed assets
Plant and machinery
Fixtures
£
Cost as at 01.08.21
1,045
Additions
As at 31.07.22
1,045
Depreciation
As at 01.08.21
952
Charge for year
13
As at 31.07.22
965
Net book values
At 31.07.22
79
At 31.07.21
93
4. Debtors
Prepayments and accrued income
5. Creditors:amounts falling due
within one year
Trade creditors
Other taxes and social security costs
Other creditors
and fittings
£
440
440
341
14
355
84
98
2022
£
-
2022
£
-
-
275
275
Total
£
1,485
1,485
1,294
27
1,320
163
191
2021
£
1,285
2021
£
-
-
1,271

1,271

Page 6

Huaxia Chinese School

Income and Expenditure Schedule for the year ended 31 July 2022

Income
Membership Fees
Activity Club Income
Funds from China
Tax refund on donations
Other Income
Gross Profit
Unrestricted Expenses
Teacher’s wages
Training
Awards for Students
Other Activities
Porter Security Charge
Rent and Rates
Examination Charge
Insurance
Printing, Postage, Stationery and Advertising
Teaching Materials & Books
School Magazine
Telephone
Computer Costs
Travelling Expenses
Legal and Professional
Accountancy
Subscriptions
General Expenses
Prior Year Adjustment
Depreciation
Surplus / (Deficit) of Income over Expenditure
Other Income and Expenses
Bank Deposit Interest
Net Excess Income over Expenditure
2022
2021
£
£
£
£
72,082
85,490
-
-
-
-
-
-
6,645
924
100%
78,727
100%
86,414
45,117
38,416
-
64
503
2,945
142
80
6,072
-
-
-
5,922
3,942
394
394
793
362
4,150
1,829
1,459
-
683
928
286
1,014
69
-
-
-
275
800
-
819
100
100
563
9
27
33
(66,555)
(51,732)
12,172
34,682
4
7
12,176
34,689

The notes on page 6 form an integral part of these financial statements.

Page 7