P•lANCHESTER CHINESE CENTRE COMPANY REGISTRATION NUMBER: 5641623 REGISTERED CHARITY NUMBER: 1114121 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023 Comrnunty Accountancy SeNio Ltd.. The Grange, Pi&nm Driw, Beswck, Manchester M11 3TQ
MANCHESTER CHINESE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDEO 31ST DECEMBER 2023 Pagas Index Trustees Annual Report Independent Examinerfs Report Statement ol Finan81 Ath"vities 10 Balance Sheet Statement of Cash Flows 12-17 Notes to the Accounts
MANCHESTER CHINESE CENTRE ST Report of the Trustees for the Year Ending 31 December 2023 The trustees present their annual direttors. report and financial statements of the charity for the year ending 31" December 2023 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 Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102111 January 20191. Reference and administrative Informatlon Charity Name.. Manchester Chinese Centre Charity Number: 1114121 Company No: 5641623 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.. Ms Ma88ie Tan8 Nicole Soi Dennis Yoeh Company Secretary Ms Maggie Tang Key management personnel: Trustees and Dlrertors Ms Maggie Tang Nicole Soi Dennis Yoeh Jenny Wong- Manager of MCC Reglstered Offlce 67 Ardwick Green North, Ardwick, Manchester, M12 6FX Independent Examlners Community Accountancy Service Limited, The Grange, Pilgrim Drive, Beswick, manchester.mll 3TQ Bankers The Cooperative Bank plc, Balloon Street. Manchester Oblertives and activltles The purpose of the charity is to offer a variety of educational benefits to Chinese children, including English and Chinese language skills and l.T.
MANCHESTER CHINESE CENTRE The trustees confirm that they have referred to the Charity Commission's guidance on public benefit when reviewing the Charit(s aims and objectives in plannin8 future activities and setting the policies for the year. The charity furthers its charitable purposes for the public benefit through Enhancing community cohesion by assisting Chinese nationals, refugees and immigrants throughout Greater Manchester to integrate and access opportunities, enabling them to participate fully in the society. We achieve this by bringing together a diverse range of learning opportunities, such as lelsure activities in arts, culture and sport. We also offer information, advice and support available throu8h our centre 6 days per week. We provlde: Welfare and legal si8npost advice service= Saturday and Sunday, free UK education system advice to all parents; Legal and welfare signposting to all community,. Legal and welfare signposting to ESOL English classes, refugees and local community Tuesday. Wednesday and Thursday; Legal and welfare Signp05ting to Elderly Chinese Opera Club (aged 55-851 runnin8 every Tuesday from 12.'00- 19:00 comprising 50-60 members.. Structure, 8overnance and management Manchester Chinese Centre is a company limited by8uarantee governed by its Memorandum and Articles of Association dated I" December 2005. It has been re8iStered as a charity organisation with the Charity th Commission since 9 May 2006. Appointrnent of trustees As set out in the Articles of Association the appointment of trustees shall be subject to a minimum of three. At each meeting one third of the directors shall retire by rotation and offer themselves for re- election. Trustee Indurtlon and tralnlnz On appointment the Trustees are given an induction to their roles and responsibilities and access to relevant literature from the Charity Commission. Companies House etc. Or8anlsatlon The board of trustees administers the charity. The board normally meets 4 times a year. A Manager 15 appointed by the trustees to manage the day-to-day operations of the charity. Related partles and co-operatlon wlth other organisatlons None of our trustees receive remuneration for acting in their trustee role. Other payments are shown in Note 11. Any connoction bÈtwÈen a trustee and a senior manager with any service provider5 must be disclosed to the full board of trustees in the same way as any other contractual relationship with a related party. In the current year, such related party transactions are reported in Note 11. Review of our achlevements and performance The main achievernents during the year were- Inflation and the rising cost of living inevitably affects our freelance teachers and our daily running costs. 2023 we have had a hard time keeping up with our daily expenses. Mainly energy bills, insurance and 20%
MANCHESTER CHINESE CENTRE council tax. The council gave us an 80% council tax relief instead of ICKI%. Council tax keeps going up and this increases our daily expenses. Community work: We have10st the Community Interpreting Service for NHS, Social care and education. Most organisation5 have switched to remote (online or mobile). They contatt interpreters directly instead through us. he members of the Chinese Cantonese Opera still carrying on. This elderly group had provided tea and snack for their member which work out nicely. Some of them still very worried about their physical condition and the development of the COVID-19 epidemic, and they dare not go out to participate in social activities. The Hong Kong BNO Group also has some new members. but they cannot drive to the Centre and not able continue. The Manchester Day Parade was changed to a full day of stand workshop5 in mid-August. Most of the community away on holiday. There was no way we could have been involved. Without the funding and manpower, we wouldn't have had the staff and artists to run the event for whole day. Chinese New Year in Jan 2023: The event is back in Chinatown. We didn't participate in the Chinatown booths because the rental was too expensive. Given the shrinking budgets of tourists, it's not realistic to participate in this event. MCC youth group has fundraised for homeless and elderly people in the community. The activities included delivering Food Parcels to them directlv. MCC joined the Ardwick Park community event. Chinese New Year we provided a Chinese Dragon Dance workshop in the park. We employed a professional Kung Fu Master and teachers to run thi5 dragon Dance workshop which we received huge positive feedback. This event was free of charge and open to the public. Also. this event has been promoting Ardwick Ward. Cornmunlty service: Legal and Welfare Service- phone advice only and no face-to-face service. Nicole or Jenny did help the community with emergency cases. There are many Cantonese speakers from Hong Kong BNO asking for help. We provide signpost info. Lots of employment law and HR issues. neighbours and educational conflicts. For employment, we work with Grovrth Companyjanet Won& Engagement Officer at The Salvation Army En8ineering and Construction Academy, 71 Grosvenor Street. Manchester, M13 9UB. They are funded by the Government to provide training and employment opportunities to the community. Janet promoted adult education and Rain emolovment. especially the social care jobs. The Coronation of Charles 111 A fantastic long bank holiday weekend for the coronation of Kin8 Charles on 6th and 7th May 2023. The Ardwick community in Manchester come together to celebrate. whether it's a private garden party or a street party that the whole community can attend. It's great to get to know your neighbours. Welcome alll
MANCHESTER CHINESE CENTRE This time about 550 children attended the coronation of King Charles outside our school. Lisa Yam DL to represent the Lord Lieutenant on 6th May at 12pm visited our school. She celebrated this special occasion with our children. Very long tables to set up with flower5 and flags which had covered the whole street. Parents donated food and drinks. Danny was dancing around with the children. Luckily Manchester City Council closed the roads and allowed our children to dance in the streets. Absolutely perfect and fun I The tra8edy of school bullylng On July 7. 2023, we helped a family through a very difficult time. E child was bullied at a local mainstream school and died. Nicole has been helping the family with the legal issues and listening to the parents. This has taken up a lot of her time. Our committee raised the issue of bullying in schools. On August 15, 2023, Jenny Wong held a workshop on "School Bullying". The tragedy of school bullying In E has aroused the concern of parents. It affects the daily life and mental health of children. Parents must understand the problem of school bullying and teach them how to face it and the rights of their children. 21 parents participated in the workshop. Mernorlal Day of E- Football Cup On Au8USt 13, 2023, together with Emma Panayiotou, a football event Was organized to raise awareness bout bullying. On this extraordinary Memorial Day, 120 young people of mixed race played football, with the participation of many volunteers and parents. Everyone there was unique.. different races, different languages, different backgrounds. different ideas and motivations, but there was no conflict. No matter how heartbreaking the defeat was, everyone was united. We want young people to see the love around them and feel how extraordinary society is. Fundraise & Donatlon Total amount raised on the day of the memorial was £2,060 (Emma account + £305.00 (Manchester Chinese Centre accountl. Emma and Andy donated the funds towards two children's charities: Manchester Mlnd and National Suicide. All fundraisin8 profits made are paid to the charities Manchester Mind and the National Suiclde Prevention Alliance in the name of E. For the event of Memorial of E- Football Cup", funded by Manchester Chinese Centre. MCC responsible for the following expenses: drinks, food, candles, black ribbons, bouncy castle, face painting and football medals. Total paid out cost was £722.72. PortSco Llbrary exhlbltlon plannlng We attended meeting on 27 Sept 2023 and agreed to take part of Portico Librarfs Exhibition "Infamous: Opium, Silk, Tea and the Mission" l Feb 2024 to 10 June 2024. We were invited by the organizer, Iris Yau, to take part in this exhibition. We loaned items and assisted with the display at Portico Library on 31 January 2024. Portico Libr3ry1 S7 Mo*l•y St. hjlanchester. M2 3HY. Workshop for parents On 18 Aug 2023, Family Law workshop run by Nicole Soi. 18 adults attended. This workshop mainly talks about children safeguarding, estate planning, will for family with youn8 children. will and probate and 8uardianship. On 18 Aug 2023 "Children learning development'workshop run by Jenny Wong. 20 adults attended. This workshop provided the UK education system from Nursery to A Level. Jenny invited teenagers to attend a
MANCHESTER CHINESE CENTRE "career development" workshop which helped them to plan and have an insight knowledge of their career pathway. A150, children's work experience is very vital. This will parents to understand the education system, so parents could provide extra help to their children. Community Christmas Manchester Chinese Centre worked closely with Manchester City Council's Ardwick Community Officer Katrina Keane, the Central Communities Team, Barnardo's. Arawak Walton and One Manchester to host the Ardwick Green Park Festive Lights event on 4 December 2023. The event was created by the above or8anization5. We invited local communities to hold a Christmas party at Ardwick Green Park. About 110 people attended. MCC young volunteers are servin8 hot food and drinks. Grace Wong organized carols Singing and most important we invited Anson Yu played musical instruments. It was wet and raining, but our children still carried on ! Barnardo's ran craft activities at their Community Hub and they joined the party. Our volunteer Tor played the important role of Santa Claus. Children following him around. He 8ave out lots of present5 to the children. We shared the hot meals with the homeless people. MCC supplementary school Sept 2022 -2023 School Fee has increased to £320 per year. Nov 2022 - July 2023, MCC School carried on some of the online lessons before. but from September 2022, we cancelled online lesson. All returned to school for Face-to-Face lessons. Textile making where art. sclenfe and hlstory meet 20 Oct 2022 and 20 Feb 2023. MCC invited National Archives and the V&A to run Textile workshop for the teenage students. The UK National Archive are running a hands-on workshop for young adults, exploring design, dyin8 and weaving techniques used in 18th and 19th Century China drawing inspiration form collections held at the National Archives and the V&A. Student interested in learning about historic Chinese textile making techniques. School Ilbrary Fundraising for the library In May 2022, MCC received a donation of £3087.42 from parents to build our library. We completed the shed at Easter and asked the community to donate books. Volunteer Winnie Tang worked in the library from April to July 2022. Organizing all the books. Open to the community and public in September 2023. We launched the school library and formed several reading clubs With young volunteers. Reading is a fundamental aspect of language learning. It exposes children to new vocabulary, grammar, and sentence structures while improvin8 comprehension and overall fluency. We hope to improve Chinese children's English reading skills. Homework Club We learned that E has been bullying at his school. Our committee suggested to Improve Chlne5e chlldren has engaged Dr Barnardo's Community Hub next door to set up a homework club to help the children with their schoolwork. Through this Homework Club children need to learn how deal with school Bullying. Academics are very important in building your child's confidence in the long term.
MANCHESTER CHINESE CENTRE JCQ exam 2022-2023 JCQ exam achievement: Subject A Level GCSE No enrol 6 from MCC 33 candidates from MCC 32 Private Candidates Result grade 4xA,IxB, IXD 9x25,8x6,7xl,5xl 9x25.8X4,7x3 We send teachers to local high schools and Sixth form College to conduct Chinese A-Level and GCSE examinations. covering a total of 13 schools and Colle8e5 in Greater Manchester. Teacher training from Bolton University Bolton University sent their PGCE students has been coming to school for training. Each year about 4 to 5 students. We have been working with them for years. It has been very successful. Celebrating Manchester's complementary schools Saturday, July 1, 2023, 11.'OO am- 15'.00 pm. Martin Harris Centre, University of Manchester. We prepare refreshments for visitors and display our students, work and pictures of our school in the exhibition hall. The award ceremony began when Mayor Yasmin Dar delivered a welcome speech and introduced the event. Award presentatlon.. Youth Voice & Children's Rights.. Presented by Jennie - Manchester City Council Creative Teachin8 and Learning.. Presented by Mon - NRCSE Community Partnership.. Jen- Growth Company Manchester Chinese Centre won awarded as follow: Shuk-Na Chen won the best volunteer award of our school. Shuangning won the best teacher award for our school. Nacy Yu won the best academic achievement student award of our school. Manchester City Council provides lunch for everyone in the open hall to allow people to network. It's a great day. Adult educatlon WEA run adult education at MCC and use our Centre for their ESOL exam. WEA has been running their ESOL lesson onllne and 3 days at our Centre. Flnanclal revlew The attached statements show the current state of Chariws finances, which the Trustees consider to be satisfactory. Total income in the year was £199,12112022 £202.5111 and total expenses £163,89612022 £147,680) returnin8 3 Surplus of É35.29512022 £54.8311. Thè intreased surplus was mainly due to the increased uptake of Chinese language classes. The major sources of income were education and donations. Investment powers and policy The trustees, having regard to the liquidity requirements of operating the charityi have kept available funds in an interest bearing deposit account.
MANCHESTER CHINESE CENTRE Reserves poliry and goin8 concern The balance held in unrestricted reserves as at 31st December 2023 was £178.335 of which £172.077 are free reserves. after allowing for funds tied up in tangible fixed assets. The trustees aim to maintain free reserves in unrestricted funds at a level which equates to approximately 6 months of running costs (currently £82,01. The trustees consider that this level will provide sufficient funds to give stability to the services offered by the charity. Risk mana8ement 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. Plans for Future Perlods l Ongoing projects We offer Chinese education workshops to schools across Manchester. Many schools have Shown strong interest. We need to recruit and train more teachers to run workshops and school clubs. It IS good to promote adult Mandarin course as an evening class, adult Chinese learners would be well suited. Chinese calli8raphy could also be taU8ht durin8 the day. Trustees responslbllltles In relatlon to the financlal statements The charity trustees (who are also the directors of Manchester Chinese Centre for the purposes of company lawl are responsible for preparin8 a trustees, annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice}. Company law requires the charity trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing the financial statement5, the trustees are required to.. Select suitable accounting principle5 and then apply them consistently: Observe the methods and principles in the applicable Charitie5 SORP; Make judgments and estimates that are reasonable and prudent,. State whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements; Prepare the financial statements on a going concern basis unless it is appropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. ThÈy are also responsible for safeguarding the assets of the charitv and taking reasonable steps for the prevention and detection of fraud and other irre8ularities. y order of the board of trustees Maggie Tang- Trustee Date.. 15 Sept 2024
IIYDEPENDEIYT F.XAMINF.R'S RF.PORT TO THF. TRUSTEES OF MANC.'HTr-STF.R CHINESE CENTRE I report on the accounts of the company for the year ended 31" December 20?3, which are set out on pag¢s 9 to 17. Respective r¢sponsibilities of trustees and examiner The Iruslees (who are also th¢ direciors of ihe company for Ihe purFK)ses of ¢ompanJ law.) are responsible for the prLparalion ol. the aeLounls. The trustees consider Ihat an audit is not rL'qiiir¢.d lor this >'ear undLr seeiion 1441?) ol. the C'harili¢s Acl ?0 I i {Ihe ?0 I I ALI) dnd Ihat an independenl examination is needed. The charit). is rcquired b). conipan>' law to prepare aLcru¢d aLcounls and l am 4ualifiLd lo undertakL lh¢ examinalion by bcing a qualified m¢mbcr of The Inslilule ofcharter¢d Account1.% in LnLland and 'ales. Ilai'iiigp satisliLd niN'sL"Il' Ihai IhL Lharil). 15 not subjLCI lo audit under company law and is ¢ligFiblL' for indepcndent examinalion. li is my responsibility lo: examine Ih¢' 4lLcounls under seLtion 145 01. Ihc. ?0 I l Aci to toll0 the proLedures laid dom'n in the gFeneral Directions biiven by the Charity Commission undLr section 145(b} of the ?01 l Act- and lo stale wheiher panicular matters have come lo m). attention. Basis of independent examiner'i report Ms. examinali()n "aS CalLd oul in <lCLI)rdance with th¢ b?¢n¢ral Dir¢ctions given by the Charily Commission. An examinalion includes a reN'i¢w of th¢ accounlinbi r¢iords kept by ihe chariiy and a comparison of Ihc accounls prcscnlcd lIh those records. It also includes consideration ot.any unusual ilcms or di8closurc8 in the account8. and sccking) c¥planalion8 rrom you ils truslL¢s conLLrning¥ any. such mallcrs. Thc procldures undertakcn do nol provide all the evidencc that H'ould be rcquircd in an audit and consequently no opinion is given as to hether Ihe dLL(iulli% prenI a '(rue and fair view. and ihe repon is limiied to ihose matters set oul in the staiemeni bL.10.. Independent examiner's statement In conneclion 'ith m}. examinatiun. no mdller has come lo m), atlenlion- ( l ) which gii'es me reasonablL' Laube io beliei'e thal in any material respect the requirements lo keep accountingy records in dcLordance with section 386 of th¢ Companies Act 2006; and to prcpare accounts w'hich accord '1Ib the accounting7 records. comply with the accounting rLxiuirL'mLnis ofsellion 396 ofthe C'ompanies Act 2006. and with the meihods and principles of ihe Statement ol- Recommended Practice.. Accounlinby and RetK)rting by Charilies have not been mel: or {2) io which. in my opinion. aiieniion should be drawn in order lo enable a proper understandin y of ihe accounls lo be reached. EL Anderson MA FC'A CTA Community Accounlanc). Seryicc Ltd The Grangje. Pilgirim Drive Beswick. Manchesler. M I13TQ Date 15, September 2024
NCHESTER CHINESE CENTRE STATEMENT OF FINANCIAL ACTIVITIES {IncludSng Income & Expenditure Account) FOR THE YEAR ENDED 310ECEMBER 2023 Year Ended 31.12.23 Total Funds Year Ended 31 1222 Total Fund$ Unrestricted Restricted Funds Funds INCOME FROM: Note$ Incomlng Re80urces from Genernted Fund¥ Donations & Legae3 Investment Income Other Trading Activitie$ Charitable Activities TOTAL EXPENOITURE ON: Raising Funds Charitable Expenditufe 5.026 1,549 11.818 180.095 198.486 705 5,731 1,549 11,816 180.095 199,191 22,229 139 12,803 167.340 202,511 705 15.8161 1157.2521 15.8161 19,4321 1158.0801 1138.2481 18281 TOTAL 1163 0681 18281 1163,8961 1147.680 NET INCOMING IOUTGOINGI RESOURCES BEFORE TRANSFERS 35,418 {123) 35.295 54,831 Gr088 Tran8fers bets¥een fvnds 17 RECONCIUATION OF FUNDS 35,418 11231 35,295 54,831 Total Funds Brought Forward 142.917 3.260 146,177 91.346 TOTAL FUNDS CARRIED FMD 17 178,335 3,137 181,472 14 The sialement of financsal 8clivilios includes all gains and lossès in the year. notes on pages 12 10 17 fomi part of these accounts.
MANCHESTER CHINESE CENTRE Co.Reg. No. 5641623 10 BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2022 FIXED ASSETS Tangible Fixed Assets 12 6,258 9,062 CURRENT ASSETS Stock Debtors Cash al Bank and In Hand 13 14 50 1.760 181.986 183.796 50 3,399 148,133 151,582 LIABILITIES: Amounts falling due thin one year NET CURRENT ASSETS 15 8.$82 14,467 175,214 137.115 181.472 146,177 THE FUNDS OF THE CHARI Restricted Funds Unrestricted Funds TOTAL CHARITY FUNDS 17 17 3.137 178,335 181.472 3,260 142,917 146.177 For Ihs year in question the company was enlived to the exemption from audit under Section 477 01 the Companies Act 2006 relating lo small companies. . The members have not required The company lo oblain an aL1t of Ils a¢UnIS for the year in quèstion in aceordance th section 476. The dirg¢tors ackno40dg0 their rèsponsibilities for complying Trmlh the requirements of the Act with respect lo a¢¢ounting recofds and the prepar#lion of 8ccovnts These accounts have been prepared in accordar wth the provisions applicable to companies subject to the small companies wime. Approved on behall of the ard of Trustees". Trustee Maggie Tang Trustee Dennis Yeoh Dale 15th Septembe The notes on pages 12 to 17 form part of these accounts.
MANCHESTER CHINESE CENTRE STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31st DECEMBER 2023 RECONCILIATION OF NET MOVEMENT IN FUNOS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2023 ,2022 Nel movement in funds Add back depreciation Deduct Investment income Decreasellincreasel in debtors InCrea5elldecasel in creditors Decreasellincreasel in sto¢k Net cash used In OPtfatS actfvl 35,295 2.804 11,5491 1,639 15,8851 54,831 3.451 11391 12021 13441 32,304 57.597 Cash flows from Invostmènt actlvltles: Interest Purch88e of fixed as8ets 1.549 139 12,6221 Nel co$h provldfrd by Investlng actbvltles 1,549 12,4831 Increa8elldecreasel in ¢a$h and cash equivalents during the year 33.853 55,114 Cash and cash equivalonts brou9ht fOard 148,133 93,019 ¢•sh and cash •qulvJlonts c8rrf•d forw•rd 181,986 148.133
MANCHESTER CHINESE CENTRE 12 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. ACCOUNTING POLICIES lal 8asls of preparation and assessment of golng concern The accounts Ilinancial slatemenlsl have been prepaied under the historical cost convention with items recognised at cost or transaction value unless olhejwse stsled In the relevant notes lo these accounts. The financial statements have been prepared in accordance with the Statement of RQMMended Praclice.. Accounting and Reporting by Charitses preparing their accounts In aeeordance the Financjal Repo.ng Stsndard applicable in the UK and Republi¢ of Ireland IFRS 1021 issijed January 2019 and the Financial Repo"ng Standard applicable in the United Kingdom and Republic of Ireland IFRS 1021 and the Charitr8$ Act 2011 The charity constitutes a public benefit entsty as defined by FRS 102 The Iruslees consider that there are no material uncertainties about the charity's ability to continue as a going concem. Ibl Funds structur8 Restricted funds are funds which are to be used in accordance wth specific restriction$ imposed by the donor or trust deed. There was one re$tn"¢¢ed fund al the year end. Unreslri¢led income funds ¢omprise those funds whi¢h the trustees are free lo u$9 for any purpose In furtherance of the chantable objects. Unreslncted funds Include designated funds where the trustees, al Ihwr discretion have created a fund for a specrfi¢ purpme. Furth6r details of eath fund are disclosed in note 17. Icl Incom• r•cognltlon l income is recognised once the charity has entrtlemenl lo the income, il is probable that the Income will be ceIVed and the amount ol Income receivable can be measured reliably. Fee and grant income a refte¢ted in the accounts %then receivable. Grants are fec(4nised when th¢ conditions lor their receipt have been met- Ihs may be based on performance of a task or purchase of goods or services. Grants lch late lo a specifie(I fulure period are deferred. Donations are recognised when the chanty has been notified in wnlin9 of both the amount and settlement dale. In the event Ihat a donation is subj'ect lo conditn5 Ihal require a level of performance before the charty is enlilled lo the funds. the income is deferred and not recognised unlil gither those conditions are fvlly met, or the fulfilmenl of those wndilion5 IS wholly within the control of the chafity and it is probable that those condition$ will be fulfilled in the reporting POTiod. Interest on funds held on deposit is included when receivable and the amount can be meas*Jred reliably by the charity". thi$ is rrMallY upon nolificab'on of the interest poid or p8yable by the bank. Operating income represents grants. conlracts, tuition fees. rental and sundry income receivablo. Idl Expfjndlture RKognlUon Liabilities are recognised as expendilufe as soon as there is a legal or conslructs.ve obligation commilling the charity lo that expenditure. il 1$ probable that settlemenl wll be required and the amount of the obligation can te measured liablY All expenditure is accounle(I for on an accruals basis All expenses including support Costs and govemance costs are allocateo or apportioned to the applicable expenditure headings. For more infomiation on this aitribLrtion refer to note lfj below. {•) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which r( was incurred. If) Allocatlon of support and govemance costs Support costs have been allsxaled between govemance costs and other support costs. Govèrnance costs eompnse all costs Involving ine PUDIIC aCcounDI111Y of Ihe Efiiiilly and Il¥ cornpliance wth regulation and good practice. These costs Include costs re181ed to independent examination 8nd legal fees together with an appo.0ment ol overhead and support costs. Govemance Costs and support costs relatsng lo charitable aclivib"e$ have n apportioned based on staff time and facilitie5 used in each actiwty. The allocation of support and govefnance costs is analysed in note 8.
MANCHESTER CHINESE CEP4TRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icont...) 13 Ig) Charftable Actlvltles Costs of charitable activities in¢lLKle govemance costs and an apw)rtionment of support costs as shown in Note 7. {hl Tanglble Ilxed assets and dopreclatlon Fixed a55els are included in the accounts al nel book value. Additions of a single item or a group of similai assets exceeding £500, are capitalised at 51 Ivalualion for donated assets). Depreeiation 1$ provided to write off the cost less the estimated residual value of tangible fixed assets over their eslimaled usefvl lives as lollows".- Leasehold Improvements 5 years Fixtures. Fittings & Equipment 5 years Computer Equipment 5 years 11} D•blors Trade and other deblors are reeognised al settlement amount due after any trade dIOunt ¢)ffered. Prepayments are valued at the amount prepaid net ol any trade tJiscounts ¢Jue U) Crgdllor¥ and Provlslons Creditors and provisions are recognised vhlere the charity has 8 present obligation resulting from past event that wll probably result In the Iransfef ol funds to 8 Ihird party and the amount dua lo settle the obligation can be Measu or estimated feliably. Creditors and provisions are nomially re¢ogni$ed 8t their settlement amount after all0vn9 for any trade diOunts duè. Ik) Taxatlon The organisalion is exempl from income tsx by reason of chanlable slalus. Income tax suffered on inve$lrr*nl income is redaimed In full. The Chanty Is registered for VAT. 111 Pon¥lon¥ The charity makes conlfibLth'on5 to an auto enrdmenl Pensi scheme. The chanty has no liability beyond making ils contributions and paying across the dedLKtions for the employee'8 conlril)ution8. Im) Conllngent Ilabllltl•s A conlingenl liability is identified and disclosed for those Irans8cb'on8 resuthng from a pos$ibla oblig8lion which will only be eonfimed by the (UrrenCe of one or more uncertain future events rt wholty wlhin the trustèes. control. 2 NET INCOME FOR THE YEAR 2023 2022 This 15 Staled after charging.. Depreciation- ¢)wned asset$ Independent Examiners Fees Other financial services 2.804 1.272 3,451 1,272 3 TAX ON SURPLUS ON ORDINARY ACTIVITIES (See t8xalion F4)licy note above)
MANCHESTER CHINESE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 Icont...) 14 4 INCOME FROM CHARITABLE ACnVITIES Unrtstrlcted Restrlcted Funds Funds Total 2023 Totsl 2022 TuitSon & Exam Fees Events & Workshops 8ook Sales Other Income 176.589 3,176 330 176.589 3,176 330 155,785 11,395 90 70 167.340 180,095 180.095 Restricted Unrestricted 167,340 167.340 S INCOME FROM OTHER TRADING ACTIVITIES Unrt8trlct•d R•slrlct•d Fund¥ Funds Total 2023 Totsl 2022 Inlerpreling Management & Use ol Faolilies Photocopyin9 3.523 8.268 25 11.816 3.523 8,268 25 11.816 5.817 8.931 55 12.803 All income in 2022 was unTtsth¢ed fvnds. 6 COST OF RAISING FUNDS Employment Costs Freelance Inlerprelers Pfofessional Indemnity Insurance Premises Co$1$ 2.428 1,210 248 1.930 5.816 2,428 1,210 248 1,930 5.816 2,521 4,946 247 1.718 9,432 All expenditure in 2023 and 2022 was from unrestn'cted fvnd8. 7 EXPENOITURE Int•rpr•tlng Tultlon & Servlce Worksho Total 2023 Employment Costs Freelancè Tulofs Travelling Expense$ Te8ching Materials Exam Fees CRB Checks & Work Pemits Publications & Subs¢nptions Workshops & Activitses Hospitality Volunteer Expenses Support Cos15 Governance Costs 4,048 57,778 4,048 57,778 2,223 5.765 75 201 7,258 1.907 602 73.578 763 154,202 2,223 5.765 149 402 7,258 1,907 602 76.668 1,272 158.08 74 201 3.090 509 3.878 Restricted Funds Unre$tncted Funds 828 153.374 154.202 828 157,252 158.080 3.878 3.878
PAANCHESTER CHINESE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 {cont...I 7 EXPENDITURE cont... PviouS Year 15 Interpreting Tuition & Service Wotkshops Totsl 2022 Ernploymenl Costs Freelance Tutors Training Travelling Expenses Teaching Materials Exam Fees CRB Checks & Work Pemiils Publications & Subscriptsons Workshops & Adivibes Hospitality Volunteer Expenses Support Costs Governance Costs 4.201 52,435 119 63 8.098 2,202 118 201 4,652 2.294 420 58.702 763 134.268 4,201 52.435 119 125 8,098 2,202 237 401 4.652 2,294 420 61.792 1,272 138,248 62 200 3,090 509 3.980 Restricted Funds Unreslncled Funds 3.980 3.980 134.268 134.268 138.248 138,248 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS Genernl Support G0MIne• 2023 Totsl 2022 Totsl Employmanl Costs Rent & Business Tax Heal. Light & Water Telephone Cloaning Printing, Po8tag8 & Stationery SpK• U¥•Y Web511e Co$1$ Insurance Repairs & Maintenance Computer & Internet Expenses SpK• U Minor Equipmenl Depreciation Sundrig¥ Donations Legal & Professional Fees Book-keepin9 & Accountan 19.248 27.326 4.989 839 2.830 2.936 2.240 763 7.012 913 1,233 2.805 473 73S 826 1.500 76,668 19,248 27.326 4,989 839 2,830 2,936 2.240 763 7,012 913 1,233 2,805 473 735 826 2,772 77.940 17.446 25.623 2.798 834 2,692 1,277 675 3,549 802 762 3.451 183 1,272 1.272 2,972 63. 9 STAFF NUMBERS AND COSTS 2023 2022 Wa9es and Salaries Social Security Costs Pension Costs 25,3e6 23.828 358 25,724 340 24,168 No employee eamed £60.OCN) per annum or more. The charity had 2 employees during the year. The average number by ftbll bme eouivalenl was.. Managément & Adminisir8lion Provision of Services The charity considers ils key management personnel compnses the trustees and manager. The lotsl employment benefits. incILing employer pension contnbutions of the key management personnel was £12,544 (previous year.. £12.604}.
MANCHESTER CHINESE CENTRE 16 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 IconL..) 10 CAPITAL COMMITMENTS Contracted for tr1 not provided £ nil £ nil 11 TRUSTEES. REMUNERATION AND EXPENSES No remuneration. directly or indirectly out of the funds of the chanty. was paid or payable during the period, to any trustee or lo any persons known lo be connected with any of them. No reimbursement of expenses has teen made or is due lo be made to any of the trustees in respect of the penod. Related Partles Fortress Property was paid £26,500 for nt of the wemi8es for Ihe year. This Lwsiness is owned by the centre manager. A rent review was came(J out by WT Gvnson commercial property consultants In 2022 and established a market rent for the premises of £26.500 p. £2.880 in room hi was charged lo InJslee Foi Fuen Nicole Sol dunng the year. 12 TANGIBLE FIXED ASSETS Leasehdd Computers Fixture8 & Improvem8nt$ Equiwrnnt Equipment Total COST AS At 1 January 2023 Addikn'ons Dispos818 At 31 December 2023 55.561 3.078 14,511 73,150 55.561 3,078 14.511 73,150 DEPRECIATION As At 1 January 2023 Char9e lor Year Disposals At 310ecember 2023 49,194 2,373 2.599 160 12,295 271 64.088 2,804 51.567 2.759 12,566 66.892 NET 800K VALUE Al 31 December 2023 Al 31 December 2022 3.994 319 1,945 6.258 13 STOCK 2023 2022 Stock 50 50 50 50 14 DEBTORS 2023 2022 Other Debt Prepayments 550 1,210 1.760 2,755 644 3.399 All debtors in 2023 and 2022 felate lo unreslricted funds. 16 LIABILITIES: AMOUNTS FALUNG DUE WITHIN ONE YEAR 2023 2022 Other Creditors Other Taxes & Social Security Costs Accruals 6.021 284 2,277 8,582 10.097 1.822 2,548 14,467 All creditors in 2023 and 2022 relate to unrestricied funds wth the exception of.. Money held for Wuhan International Exchange Proje £4,521.15
MANCHESTER CHINESE CENTRE 17 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2023 l¢ont...I 16 CONTINGENT LIABILITIES 2023 2022 Al 31 December 17 MOVEMENT IN FUNDS Balance at 1.1.23 Balance at 31.12.23 Incoming Transfers Oulgoing Restricted Funds D(Malions- Build A Library Donations- fos)d donalion proi8cI Donations- Eric Lin evenl 3.260 11231 14001 305 828 3.137 400 305 705 3.260 3,137 Unrnstri¢1od Funds Genoral TOTAL FUNDS 142,917 146.177 198.488 199,191 163,068 163.896 178,335 181.472 Previous Year Balance at Balance at 31.12.22 IncomiNJ Transfers Outyoing Rgslricled Funds Donations- Build A Library 3.260 3,260 3.260 3.260 Unrgslricled Funds General TOTAL FUNDS 91.346 91,346 199.251 202.511 1147.880 147.680 142.917 146.177 18 ANALYSIS OF CHARITABLE FUNOS Tangibl• Fixed Assets Nèt Current Assets Totsl RESTRICTED FUNDS.. UNRESTRICTED FUNDS: 3.137 172.077 175.214 3.137 178,335 181,472 6,2S8 6.258 Previous Year RESTRICTED FUNDS. UNRESTRICTED FUNDS". 3.260 133,855 137.115 3,260 142.917 146,177 9.062 9,062 10 COMPANY STATUS The eharilable company 1$ limited by guarantee and all membors hav• agreed lo contribute a sum not exceeding £10 in the event of a nding UP. 20 FINANCIAL INSTRUMENTS The charity only has financial assets and liabilrties of a kind Ihal qualify as basic financial instruments. Basic finanual Instruments a initially recognised on a transacts.on value and subsequently measured at their settlement value wlh the excepli'on of bank loans which are subsequently measured al an aM0.sed eosl using the effective interest method. 21 GOING CONCERN The tompxny's msin 8oure• of incomé 1$ tuition fees The Tru8tèÈ8. havina rèoard to futur8 budgel5 and the current level of reserves consider that It is appropnate to prepare the accounts on a going concern basis and. ¢onsequently the acccHJnts do Th)t indude any adjustments that would be necessary rf the current lunding sourees should drop $ignificantly. 22 POST BALANCE SHEET EVENTS The trustees consider that there are no significant wst balare sheet events th* impact on the financial statements as presented. 23 CONTROLLING PARTIES The company is under the joini control of Ihe volunteer Board of Trustees named on Page 1.