MANCHESTER CHINESE CENTRE COMPANY REGISTRATION NUMBER: 5641623 REGISTERED CHARITY NUMBER: 1114121 FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Hilton JM08 Ltd Vo Community A¢wJnl8ncy SeNSc• Hd11n￿>Od Bu6ineES Cenlie, Str88t (Jdham, OL8 3QL MANCHESTER CHINESE CENTRE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2024 Indox TTusl86s Annual Report 10 Independent Exarnlneffs Report 11 Slatement of Finanaal Acts'vitles 12 Balance Sheet 13 Slalement of Cash Flows 14-19 Notes to Ihe A￿ountS MANCHESTER CHINESE CENTRE Report of the Trustees for the Year EndinE 31ST December 2024 The trustees present their annual directors, report and financial statements of the charity for the year st ending 31 December 2024 which are also prepared to meet the requirements for a directors, report and accoLtnts for Companies Act purposes. The financial statements comply with the Charities Act 2011, the Companies Act 2006, the Memorandum and Artlcles of Association, and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparlng their accounts in accordance with the Financial Reporting standard applicable in the UK and Republic of Ireland (FRS 102)11 January 20191. Reference and admlnlstratlve Informatlon Charlty Name: Manchester Chlnese Centre Charlty Number; 1114121 Company No: 5641623 Dlrectors and trustees The directors of the charitable company (the charity) are It5 trustees for the purpose of charity law. The trustees and offlcers serving during the year and Sin￿ the year end were as follows: Ms Maggle Tang Nlcole Soi Dennls Yoeh Company Secretary Ms Maggle Tang Key management personnel: Trustee5 and Dlrectors Ms Maggie Tang N icole Soi Dennis Yoeh Jenny Wong- Manager of MCC Reglstered Offlce 67 Ardwlck Green North, Ardwick, Manchester. M12 6FX Independent Examlners Hilton Jones Ltd t/a Community Accountancy Service, Hollinwood Business Centre, Albert Street, Oldham, OL8 3QL Bankers The Cooperative Bank plc, PO Box 250. Skelmersdale, WN8 6WT Objectives and actlvltles The purpose of the charity is to offer a variety of educational benefits to Chinese children. including Engllsh and Chinese language skills and l.T. MANCHESTER CHINESE CENTRE The trustees confirm that they have referred to the Charity Commission's guidance on publlc beneflt when reviewlng the Charltvs aims and objectives in planning 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 partlclpate fully in the society. We achieve this by bringing together a diverse range of learning opportunltles, such as leisure activltles In arts, culture and sport. We also offer Informatlon, advice and support avallable through our centre 6 days per week, We provlde: Welfare and legal signpost advlce service.. Saturday and Sunday, free UK education system advice to all parents; Legal and welfare slgnpostlng to all the community; Le8al and welfare signposting to ESOL English classes, refugees and local communlty Tuesday, Wednesday and Thursday. Legal and welfare Signposting to Elderly Chlnese Opera Club {aged 55-85) runnln8 every Tuesday from 12:00- 19:00 comprislng 50-60 members; Structurei governance and management Manchester Chlnese Centre Is a company Ilmited by guarantee governed by its Memorandum and Articles of Associatlon dated 1st December 2005. It has been registered as a charity or8anisatlon wlth the Charlty Commlssion since 9th May 2006. Appolntment of trustees As set out in the Articles of Association the appolntment of trustees shall be subject to a minlmum of three. At each meetlng one third of the directors shall retire by rotation and offer themselves for re- election. Trustee inductlon and training On appointment the Trustees are given an induction to their roles and responslbllities and access to relevant literature from the Charity Commission, Companles House etc. Organlsatlon The board of trustees administers the charity. The board normally meets 4 times a year. A Mana8ef is appointed by the trustees to manage the day-to-day operations of the charlty. Related partles and co-operatlon with other organlsatlons None of Our trustee5 receive remuneration for acting in their trustee role. Other payments are shown in Note 11. Any connection between a trustee and a senior manager with any seNice providers must be disclosed to the full board of trustees in the same way as any other contractual relationship wlth a related party. In the current year, such related party transactions are reported in Note 11. Revlew of our achlevements and performance The maln achievements during the year were: MANCHESTER CHINESE CENTRE Inflation and the rlslng cost of living inevitably affects Ourfree1an￿ teachers and our daily runnlng costs. 2024 we have had a hard time keeping up with our dally expenses. Mainly energy bi115, insurance and 20% council tax. The councll gave us an 80% council tax rellef instead of 100%. Councll tax keeps going up and this increases our daily expenses. Communlty work Chlnese opera Ann, Head of the Ch5nese Cantonese Opera retired, and new Chairwoman Che took over from Dec 2024. Tony Chen donated £500 to support them. Jenny managed to find them new some second- hand music instruments. Eleanor donated £100 to support them with tea and coffee. Salford Royal Hospltal, Stott Lane, M6 8HD In September 2024, Karolina Sych, a social worker in the Stroke and Neurology Department at Salford Hospital, requested assistance for a Chinese stroke patient narned C who had no family. They transferred him to a 24-hour care home. We assigned a young volunteer, Havery Zhan& to visit him weekly as part of hls work experIen￿. Havery Zhang hoped to pursue a career In medicine. We also organlzed a church group, Grace and Nancy, to occaslonally prepare Chlnese home-cooked meals for thls patlent. Ardwlck ward cornmunlty work We have been assisted by Manchester City Council official Katrina Keener In organlzlng the Ardwlck Community Christmas Tree Lighting event slnce 2022. This annual event was a collaboratlve effort, Jolntly organlsed by Arawak Walton, Barnardo's, Manchester Chinese Centre (MCC), Manchester City Council, One Manchester, local school and Various local charitable organisations. Ardwlckls a wonderfully diverse communitvi home to many newly arrlved famllles from different cultural and religious backgrounds, The festlve season provided a perfect opportunity for neighbours to connect, foster understandln& and celebrate together in unity and friendshlp. Ardwlck Communlty Chrlstmas Tree Llghtln8 On De￿rnber 11. 2024, our communlty gathered at Ardwick Park to ￿lebrate the annual Chrlstmas tree lighting ceremony. After weeks of careful planning and the guldance of dedlcated volunteers and or8anlzer5, the event was a resounding SUC￿ss, attracting hundreds of local resident5. We serded free hot food and drinks, sang Christmas carols, and distributed goodie bags to the children. It was a Joyous and truly unforgettable occasion that will be cherished until we gather again next year. Communlty servlce We provlde community interpreting services directly to local schools, which reduces costs for schools. Legal and Welfare Free ServSce: Instead of a face to face advSce 5ervlce, we provide phone advice. 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, contract per50n. phone number or Dept. Lots of employment law and HR issues, neighbours, GCSE and A Level exam and educatlonal conflicts. MANCHESTER CHINESE CENTRE WEA Adult educatlon WEA run adult educatlon at MCC and use our Centre for their ESOL exam. WEA has been running their ESOL lesson onllne and I days at our Centre, but in Sept 2024 had stop all lessons. For employment, we work with Growth Company Janet Won& Engagement Officer at The Salvation Army Englneering and Constructlon Academy, 71 Grosvenor Street, Manchester, M13 9UB. They are funded by the Government to provide tralnlng and ernployment opportunlties to the community. Janet promoted adult education and gainin8 employment, especially the social care jobs. MCC Celebratss 2024 Lunar New Year Chlnatown Celebratlons, we hosted a popular Chlnese calllgraphy stall in the heart of the festivlties, providing a cultural experience for the public and promoting the MCC'S presence. Furthermore, talented children frorn our cornmunity performed traditlonal slnglng and mu51c on the maln Chinatown stage, as well as at the prestigious Portico Llbrary and Manchester Central Llbrary. Communlty Outreach, demonstrating our commitment to ￿)CIal responslbilityi the MCC youth group fundralsed for and dlrectly delivered food parcels to support homeless and elderly members of the local cornmunlty. Ardwlck Park celebrating Chinese New Year Event, In partnership wlth the Ardwick Park community, we offered a free, publlc Dragon Dance workshop, Led by a professlonal Kung Fu Master, the event was a tremendous success, re￿Iving overwhelmingly posltive feedback and serving as a brllliant promotlon for the Ardwick Ward. MCC Celebrating Culture and Supportlng Heritage MCC Is playing an active role in two significant cultural initiatives in early 2024, demonstratlng our commltment to communlty engagement and the promotion of Chinese heritage. Partnershlp In the 'lnfamous' Exhlbltlon at Portlco Library We are proud to be a supporting partner for the major exhibition 'lnfamous: Opium, Silk, Tea and Mlssions, at the Portico Llbrary, running from l February to 10 June 2024. In sUPPOrt of the exhibltion's curator, Iris Yau, the MCC has facllltated the loan of several important items from our communlty to enhan￿ the dlsplay. This collaboration enriches the narrative of the exhibition and strengthens our institutional partnership with one of Manchester's most historic cultural institutions. Exhlbltlon: Infamous: Oplum, Sllk, Tea and Missions Venue: Portico Library. 57 Mosley St, Manchester. M2 3HY Dates: l February- 10 June 2024 Our Role: Item loan and communlty SUPPOrt MANCHESTER CHINESE CENTRE On January 22, 2024, Lunar New Year, our children will partlcipate in the following performances at the Portlco Library: Chinese En8lish bilingual choir, conducted by Yuxun Choy acai Yuxun, "Jasmlne Flower and Congratulatlons." Matthew Chen￿, violin solo, "The Moon Represents My Heart" and "Butterfly Lovers., Clara Birchall, violin solo, 'Horse Racing." Yihui Qu Pla, guzheng 5010, "Fisherman's Song at Dusk.. Zhau Han Chi*Pq , guqin solo. 'Happy New Year (Modern Music)" and'xiaoxiang Clouds." Youth Semlnar on "Oplum, Sllk, Tea, and Educatlon" Co-Hosted by Portico Llbrary and MCC Manchester, 22 February 2024-The Portlco Llbrary partnered with the Manchester Chlna Counc51 {MCC) to host a youth seminar entitled "Opium, Silk, Tea, and Education." The event, focused on the history of oplum in China, was organized for Chlnese youth and chalred by Professor Yan8wen Zheng X¥J**ll of the University of Manchester. A renowned expert in the field, Professor Zheng previously held academSc posittons at the Unlversity of Pennsylvania and the NatSonal Unlversity of Singapore, She is the author or edltor of ten books, including the semlnal works "The Social Llfe of Oplum In Chlna" and "Ten Lessons In Modern Chinese History." Twenty-three high school students from across Gieater Manchester attended the Seminar. The event featured a series of public speeches delivered by six teenage partlclpants, who presented their research and perspectives on this complex chapter of hlstory. £l. Year 9 at Chetham'¥ School of Music, Oplum Wars and Me by Yuxun Choy ¥iu Oplum Wars and Health by William Mak *ll%. Year 10 at Manchester Grammar School for boys. The Economlc Impact of the Oplum War by Annabel Wong Year 12 at Altrlncham Grammar School for Glrls. The health Impacts of the Chlnese populatlon caused by the Oplum war by Nicky Ll * Urmston Grammar school. Orlgln5 of the Oplum War by15abelle Wong Girls. • Unravelllng the Treaty of Nanjlng: The Legacy and Imperlal Ambltlons Behlnd It by Emmy Lln S¥+ . Y12 at Altrincham Grammar School for g5rls. tt. Y12 tt. Year 12 at Altrincham Grarnmar School for Celebratlng qln8 Mln8 Festlval wlth Calligraphy at The Portko Llbrary On Frlday, 19th Aprll, The Portlco Llbrary wa5 honoured to host a special event in observance of the Chinese Qin8 Mlng Festlval ITomb-Sweeping Day). This traditional festival is a time for families to honour their an￿StorS, pay respect to their roots, and celebrate the renewal of spring. To mark this signiflcant cultural occasion. we were delighted to welcome acclaimed calligrapher Ng to lead a unique and immerslve "Black and Whlte Workshop." The sesslon was specially arranged for the Ramblers walking group. a vibrant community of local retlrees. Under Ng's expert guidance, the group embarked on a creative journey to connert with the spirit of the festlval. Participants explored the ancient and meditative art of Chinese calligraphyi learnlng the fundamental techniques of handling the brush, ink. and paper. MANCHESTER CHINESE CENTRE The heart of the workshop was a deeply personal activity: each member learned to write their surname in Chinese characters. This powerful act served as 3 beautiful brldge between cultures, allowlng Indlvlduals to celebrate thelr own family herltage and ancestral lines through the graceful strokes of a traditional art form. It was a joyful afternoon of cultural exchange, quiet contemplatlon, and creative expression, perfettiy capturing the essence of Qing Ming remembering the pastwhile engaging fully with the present. MCC supplementsry school Sept 2024-2025 School Fee has increased to £340 per year. JCQ exam We send teachers to local high schools and sixth form colleges to deliver Chinese A-Level and GCSE examlnatlons, coverln8 a total of 215chools and colleges in Greater Manchester. 2023-2024 MCC exam achievement: SubJett A Level No enrol 3 from MCC 11 Prlvate candidates 28 candidates from MCC attend ed MCC, but took exam at their schools 8 from Hulme Hall School 19 MCCC school 17 Private Candldates Result grdde Bx2,A*xl GCSE 9x26,8xl 9x7,8xl 9x8 School Ilbrary We launched the school library and formed several reading clubs with young volunteers. Reading is fundamental aspect of language learning. It exposes children to new vocabulary, grammar, and sentence structures while improving comprehenslon and overall fluency. We hope to improve Chlnese chlldren's English readlng skills. Engllsh Book Club Young volunteers created this ￿adIng dub. They are not authority figures like parents or teachers. They can be "cool" mentors, making reading seem enjoyable and soclally rewardlng for the chlldren. Th15 Club creates a shared resource {the book collection) and a shared space (the library), strengthenin8 community bonds. It empowers young volunteers with leadership skills, responsibility, and a sense of purpose. It removes the barrier of cost by using donated books and free public space. Slgn Language Club MANCHESTER CHINESE cwfRE Our Sign Language Club has embraced the growing national momentum towards making British Sign Language {BSL) more accessible. In line with the government's proposal to introduce BSL into the GCSE curriculum, our students undertook an ambitious project: translatin8 and interpretin8 Chinese songs into Brit15h Sign Language. Thls complex task was a 51gnificant challenge that required dedication from both our teachers Winnie Tang, Xlaoyu Wang and students. Their hard work culminated in a serles of fantastlc public performances at prestigious venues across Manchester. includlng the University of Manchester Museum, the Central Library, and the Chlnatown Stage. We are incredibly proud of their achlevement In bridging cultures and languages through the powerof sign. GCSE IT Club: Empowerlng Future Generations Community Impact: Recognlsing that many parents in the Chinese community work demanding hours wlthln the hospitality sector, thls initiative addresses a critical need. It offers students essentlal IT skllls development that they might not otherwise have access to, ensuring they are not disadvantaged and are fully supported in their academic and career aspiratlons. The GCSE IT Club Is an Ideal and vltal platform to foster talent, bridge the digital skills gap, and empower the next generatlon for succe55 Sn the modern workforce. 23 Nov 2024, the club has been launched thanks to a generous donatlon of £1,500 from Mr. Tony Chan. Thi5 funding directly supports two specialised IT teachers who deliver lessons in computer programming and provide targeted preparatlon for the GCSE IT examination5, MCC is responslble for room rental. The GCSE IT Club provldes a dedlcated learning environment for students, encouraglng more young people within the Chinese comrnunlty to explore and pursue careers In Information techno108y. Homework Club To improve academlc performance among Chinese chlldren, we rent room frorn neighbour Barnardo's Communlty Centre to set up a homework club to help children with their science, maths, and English homework. Throu8h thls homework club, children learn how to deal with bullylng. Academlc achievement Is cruclal for developing children's self-confldence in the long term. Celebratlng Manchester's ¢omplementsry schools Saturday, 7 Sept 2024, 11:00 am- 15:00 pm. Martin Harris Centre, Unlversity of Manchester. At the award ceremony, the Mayor of Manchester delivered a welcome speech and Introduced the event. We seletted one Teacher of the Year and two Volunteers of the Year. MCC Chairwornan Nicole Soi attended the ceremony to support our group. Award presentation: Youth Volce & Children's Rights: Presented by Jennie- Manchester City Council Creatlve Teaching and Learning: Presented by Mon - NRCSE Communlty Partnership: Jen - Growth Companv MANCHESTER CHINESE CENTRE Manchester Chlne5e Centre won awarded as follow: Tony Chen won the best partnership award of the year. Vivian Hom won the best teacher award of the year. Harvey Zhang won the best volunteer award of the year. Manchester City Council provided lunch for everyone In the open hall, which was a great opportunity for everyone to network. It was a wonderful dayl Flnanclal review The attached statements show the current state of Charity's finances, which the Trustees conslder to be satisfactory. Total Income in the year was £194,962 {2023 £199,121) and total expenses £174,435 (2023 £163,896) returning a surplus of £20.527 (2023 £35,295). The rnajor sources of income were educatlon and cultural events, Investment powers and pollcy The trustees, havlng regard to the Ilquldity requirements of operating the charlty, have kept available funds In an interest bearlng deposlt account. Reserves pollcy and Koln8 Concern The balance held in unrestricted reserves as at 31st December 2024 was £198,862 of which £188,271 are free reserves, after allowing for funds tled up In tangible flxed asset5. The trustees aim to maintaln free resenies In unrestrlcted funds at a level which equates to approximately 6 months of runnlng costs (currently £87,0001. The trustees conslder that this level will provide sufflclent funds to give stabillty to the services offered by the charlty. Rlsk management The trustees have conducted a review of the major rlsks to whlch the charity Is exposed and systems have been established to mltlgate those r15ks. Plans for Future Perlods / Ongoin8 projects We offer Chinese education workshops to schools across Manchester. Many schools have shown strong Interest,, especially due the Chlnese New Year. Educatlon dept has been introducln8 Hlstory of Zhou Dynasty study for primary school, Now we could teach Chinese History at school. 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 calligraphy could also be taught during the day tlme. MANCHESTER CHINESE CENTRE Trustees responsibilities in relation to the financlal statements The charlty trustee5 (who are also the directors of Manchester Chlnese Centre for the purposes of company law> are responsible for preparing a trustees, annual report and financlal statements In accordance with applicable law and United Kingdom Accountlng Standards {United Klngdom Generally Accepted Accounting Practice). Company law requlres the charlty trustees to prepare financial statements for each year whlch give a true and fair view of the state of affairs of the charitable company and of the incomlng resources and application of resources, including the income and expenditure, of the charltable company for that perlod. In preparing the financial statements, the trustees are required to: Select suitable accounting princlples and then apply them conslstently; Observe the method5 and principles In the applicable Charltles SORP; Make Judgments and estimates that are reasonable and prudent; State whether applicable accounting standards have been followed, subject to any materlal departures that must be disclosed and explained In the financial statements; Prepare the flnanclal statements on a golng concern basis unless It is appropriate to presume that the charlty wlll continue in buslness. The trustees are responsible for keeplng proper accounting record5 that disclose wlth reasonable accuracy at any tlme the financial posltlon of the charity and to enable them to ensure that the financlal statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charlty and taklng reasonable steps for the preventlon and detection of fraud and other Irregularltles. By order of the board of trustees Dennls Yoeh- Trustee Date: 27 Aug 2025 Ma88le Tang- Trustee Date: 27 Aug 2025 10 INDEPENDENT EXAMINFR'S RFPORT TO THE TRUSTEES OF MANCHESTER CHINESE CENTRE I report on the accounts of the company for the year ended 31 December 2024, which are set out on pages I I to 19. R￿pectIVe responsibilities of Irustees and examiner Th¢ trustees (who are also the directors of the company for the purposes of company law) arc responsible for the prepardtion of the accounts. The trustees consider that an audit is not required for this year undcr section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. Thc charity is iequired by company law to prepare accrued accounts and I am qualifi¢d to undertake the examination by king a qualif1￿ member of The Chartered Association of Certified AccounÉants. Having satisfied myself that the charity is not subject to audit under company law and 15 eligible for independent examination, it is my responsibility to: examine the accounts under section 145 of the 201 l Act . to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(b) of the 201 l Act. and to state whether particular matters have come to my attention. Basis of Independent examlner's report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of th¢ accounts presented with those records. It also includes considcraiion of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The proccdures undertaken do not provide all the evidence that would be required in an audit and conscquently no opinion is given as to whether the accounts present a 'tru¢ and fair view, and th¢ Teport is limited to thosc matters set out in the statement below. Independent examlDer's statement In connection with my examination, no matter has come to my attention: { l) which gives me r¢asonable cause to believe that Èn any material respect th¢ requirements to keep accounting records in accordance with section 386 of the Companies Act 2006; and to pr¢pare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Compani¢s Act 2006, . and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met" or (2) to which, in my opinion, attention should be drawn in order to enable a proper un standi of the accounts to be reached. ones FCCA Hilton Jones Ltd. Va Community Accountancy Service Hollinwood Business Centrc Albert Street, Oldham, OL8 3QL Date 27 August 2025 MANCHESTER CHINESE CENTRE 11 STATEMENT OF FINANCIAL ACTIVITIES lin¢ludlng Income & Expendlture Account) FOR THE YEAR ENDED 31 DECEMBER 2024 Year Ended 31.12.24 Totsl FurKI3 Year Ended 31.12.23 Total Funds Unreslri¢led RestrKted Funds Funds INCOME FROM: Incomlng Resource8 from Generaled Fund8 Donatlons & Lega￿85 Inveslm8nt Income Other Trading Activits'e8 Charllable ktivits'e8 TOTAL EXPENDITURE ON: Raislng Funds Charltable Expendlture 4,876 2.881 7.872 179,553 194.962 4.876 2,661 7,872 179 553 194,962 5.731 1,549 11,816 180.095 199,191 (7.194) (167.2411 17,194) (5.816) (167,241) <158,080) TOTAL 174435 174435 183896 NET INCOMING IOUTGOING) RESOURCES BEFORE TRANSFERS 20,527 20,527 35,295 Gross Transler8 betrween funds 17 RECONCIUATION OF FUNDS 20,527 20,627 36,295 Total Funds Brought Forward 178.335 3,137 181,472 146,177 TOTAL FUNDS CARRIED FMID 17 198,862 181.472 The stslement of finanaal activities indth%es all gains and1033e$ In th8 year. The notès on pages 14 to 19 lorm part of these ac¢ounts. PAANCHESTER CHINESE CENTRE Co.Reg. No. 5641623 12 BALANCE SHEET AS AT 31 DECEMBER 2024 2024 2023 FIXED ASSETS Tangible FrAed Assets 12 10,591 6,258 CURRENT ASSETS stock Debtors C88h at Bank and in Hand 13 14 50 1.760 181.986 183.796 7.238 193.683 201.421 LIABILITIES: Amounts falllng due wlthln one year NET CURREpif ASSETS 10,013 8,582 191.408 175,214 201.999 THE FUNDS OF THE CHARITY Reslrlcted Funds Unrestricted Funds TOTAL CHARITY FUNDS 17 17 3,137 198,862 201.999 3.137 178.335 181, For the year In question the company was entl￿ed lo the exemptlon ftom audrt under sectlon 477 of the Companie6 Act 2008 relaling to small companie8. - The members hav8 not required The wmpany lo obtsin an audit 01118 accounts for the year in question In accordance vAth section 478. - The director8 acknowledge their respon8ibililiÈs lor coMpl￿.ng wth the requirernenls of the Act wllh respect to accountsng records and the preparatlon of account6. These accounts have been prepared In accordance wlth the provlsion8 appllcablglo companies Subje￿ lo the small companies regime. Approved on b6h811 of the B of Trustees.. Tru8188 Maggio Tang Tfustee Dennis Yeoh Date 27th August 2025 The notes on p8988 14 to 19 form part ofthese accounts. IIANCHESTER CHINESE CENTRE 13 STATEMENT OF CASH FLOWS FOR THE YEAR ENDING 31st DECEMBER 2024 RECONCILIATION OF NET MOVEMENT IN FUNDS TO NET CASH FLOW FROM OPERATING ACTIVITIES 2024 ,2023 Net movement in furKJs Add back depreciation Deduct investment income Decreasellincreasel in deblors Increasel(decrease} In creditors Decreas811increase} in stock Ne¢ cash used In opefatln8 artl¥ltles 20,527 3,549 (2,861> {5,478) 1,431 450 16,918 35,295 2,804 (1.549) 1,639 (5.8851 32,304 Co•h Ilow• from InvMtrnent aetlvltlo8: Interest Purchase ol fixed assets 2,861 {7,882) 1,549 Net ¢a8h provldod by Inve$tlng actMth• 15,221) 1,549 Incre8sel(deue88e) In ca8h and cash equfvalents duTlng the year 11,697 33,853 C88h and cash equlvalents brought foFward 181.986 148,133 Caoh and cash equlvahnts ¢affled llxward 193 683 MANCHESTER CHINESE CENTRE 14 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 I. ACCOUNTING POLiaES {a) Ba818 of preparatlon and assesgmènt of golng concern The accounts (financial statements) have been prepared under the hi8torical cosl conventlon with items recognised at ¢osl or Iransaclion value unless otheNAse ststed In the relevant notes to these accounts. The flnanual statements have been prepared in accordance wilh the Slalement of Récommended Practice". Accounting and Reportlng by Charilies preparing thèir accounts in 8c¢ordance with the Financi81 Repjrting Standard appllcable in the UK 8nd Republic of Ireland IFRS 102} issued January 2019 and the Financial Rep)rting Slandard applicable in the Unlted Klngdom and Republi¢ of Ireland IFRS 102} and the Charities Act 2011 . The charty ￿nstitUteS a public benefit entity as defined by FRS 102. The trustees consider thal there are no material uncertainties about the chantys abllty lo Gonllnue as a going c¢)ncem. Ibl Fund8 structure Restrided funds are funds Wthlch are to be used in acc￿[danCe wlth Specific restricaions impoBed by the donor or Iwsl deed. There was one restricted fund at the year end. Unrestrlcted Income fund8 comprise those funds which the trustèes are free to U58 for ary purpo8e in furtheran¢e of the charitable objects. Unieslricted funds Indude designated fund8 where thé trust888. al their dl8¢r&lK?n have created a fund for a 8peaffic purpo6e. Further details of eath fund a￿ dlsdosed In note 17. {c) Incom• récognltlon All Income is recogn18ed once the charity has entWern8nt to the Income, it is probable that the Income ￿11 be r8celved and the amount of income receivable can be measured reliably. Fee and grant Income are reflected in the a(xounts then recelvabl8. Grants are r&cogni$ed vknen the ¢Mdlllons lor their receipt have béèn met- ths may be based on performance of a ta8k or purchase ol goods or 6enilces. Gran18 which relate lo a specified lulure perfod are defèrred. Donallons are re￿gnISed when the charity ha8 been notsfied in writlng of both the amount and settlement date. In the event thal a donation is sut4ect to conditions that requlre a level of perfomance before the charityls entilléd to the lunds, Ihe incorne Is deferred and not rècogni88d unlil either thoso conditions are fully mèt. or Ihe fuifilment of Ihose condition818 wholly within the control ol the charity and It is probable Ihal those conditions V￿11 be fulfilléd In the ￿pOrting period. Interest on funds held on deposit Is Included when recgivable and the amount can bè m8asured reliably by Ihe cl)arity. this is nomially upon notification of Ihe Inleresl paid or payable by the bank. Operatlng inwme represents giants. contracts. tuilvjn fee8. rental and sundry incoma rec8lvable, (d) Expendlturn Recognlllon Llabllltles are recognlsed as expendkure as soon as Ihere is a legal or constru¢tive obllgatk)n committlng Ihe charity to that expendllur8. it is probable that sett16menl bvill be requlrad and the amount of the obligation can be measured feliably. Al expendilure Is accounted for on an accruals basls. Al expenses Induding support costs and govemance costs are allocated or apportioned to the applicable expenditure heading8. For rnore Information on this attribution refer to note lfj below. (a) Irrncoverablo VAT lffecoverable VAT is tharged against the expendilwe headlng for It was Incurred. (l) Allocatlon of support and govemance costs Support costs have be8n allocated between govemance costs and 0th8r support CO818. Govemance costs comprise all costs involving the public accountsblllty ol the charity and Its ¢ompliance with regulatton and good practice. These costs indude costs related to independent examination and legal fees together with an apporuonment of overhead and Bupport costs. Govemance wsls and support eLJsts relating to charitable actNities have been apportlon8d based on stsfl lime and facllities used in 8ach activlty. The allOca￿On of support and governarK* costs is analysed In note 8. IANCHESTER CHINESE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 20241cont...I 15 lg) Charitable Actlvlllès Costs of charitable acthvltles Include gov8manca costs and an apportlonffEnt ol support costs as shown In Nots 7. lh) Tanglble fix¢d a880ts and depreclallon Flxed assets are Induded in the accounts at ngt book Va￿e. Addluons of a single itern or a group of slmllar asse18 exceedin9 £500, are capitslised al cost {valLtallon for donal8d assets}. DepreciatloD is provided lo write off Ihe Cost less the e6tsmated residual value of tsngible fixed assets over thelr 8slimaled useful lives as follows:. Leasehold Improvements 5 yearB Fbxtures, Flttings & Equipment 5 years Computer Equipment S years (l} Dabtor8 Tr4de and other deblots S￿ recognlsed at selllement amowt due after any trade dI8￿Unt offered Prepaym8nts are valued at the amount prewd net of any trade discounts due. U) Credltorn and Provl8lon Ciedllors and provisions are reoJgni8od tho charfty has a pre8ent obligation resuttlng from past event that wlll probabty resuSt in the transfer of funds to a third paty and the amount due lo settte the obllgation can be measured or esllmaled reliably. Creditors and provi81ons are nomialty recognisgd at their 8etdemenl amount after allowing for 8ny trad8 dlscounts due. Ik) Taxatlon Thè organis8tion18 exempt frc¥m income by re8son of118 tharitabie stslus. Incomo lax suffered on investment Income Is reclaimed in full. The Charity 1$ registered for VAT. (l) P•n8lon• The charlty makes conlrfbutlon$ to an auto enrolment pension s¢heffle. The clartty has no Ilability beyoThd maklng 518 contrlbution8 and payiThJ across the dedudon8 lor the ernployee's contribullons. Im) ContSngent Ilabllltle8 A conlSngenl Ilability is Sdentified and disclosed for those transaction$ ￿￿Ul11n9 from a po88ibl8 obligation whlch will only be confimied by the 0￿UrrenCe of one or more uncertain lulure events nol wholly within the trustees, control. 2 NET INCOME FOR THE YEAR 2024 2023 Th18 Is slated after chafging.. Depreciallon - ownod assets Independent Examlners Feès Other financAal services 3,549 1,284 2,804 1,272 3 TAX ON SURPLUS ON ORDINARY ACTIVITIES (See taxation pollcy note above) MANCHESTER CHbYESE CENTRE NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 {cont... 4 INCOME FROM CHARITABLE ACTIVITIES unl￿t￿¢t•d Ro8trlet8d Fund¥ Funds Total X124 Total 2023 Tuitson & Exam Fees Events & Workshops Book Sales 169,674 9.839 40 179.553 169,874 9.839 178,589 3,176 330 180.0 179,5 Restricted Unrestricted 180.095 180.095 6 INLOME FROM OTHER TRAOING ACTIVITIE3 Unmtrktéd Re8trlctsd Fund$ Funds Total 2024 Total 2023 Interprellng Management & Use of Fa¢ilitie8 Pholocopying 2,843 5,208 21 2.643 5,208 21 7.872 3,523 8,268 25 11,818 All Income in 2023 wa$ unre8trlced lund8. CO8T OF IIAISING FUNDS Employment Costs Freelance Interpreters ProfesslonBI Indemnity Insurance Premlses Cos18 3,800 1.311 278 2.005 3,600 1.311 278 2,005 7,194 2,428 1,210 1,930 5.81 All expendllure in 2024 and 2023 was from urK88blcied funds. 7 EXPENDITURE In￿￿￿tIng Tulllon & S•rvlce Work8hopi Total 2024 ETr.ployment Costs Freel8nce Tutors Travellln9 Expanses Teaching Maleria15 Exam Fees CRB Che¢k8 & Work Pemlts Publlcatlon6 & Subscriptions Workshops & Actlvlles Hospitality Volunteer Expenses Support C08ts Governan¢￿ CoBts 9,900 63,631 9,900 63,B31 17 3.665 6.271 170 472 7,236 1.012 400 73,183 1,284 187.241 6,271 85 236 236 7,236 1.012 1.970 71,213 39 1.245 2,339 164,902 Reslrlcted Funds Unfestrtcted Funds 2.339 164.￿2 2.339 164.Ki2 167,241 167.241 MANCHESTER CHINESE CENTRE NOTES TO THE ACCOUNT8 FOR THE YEAR ENDED 310ECEMBER 2024 {cont...) 17 7 EXPENDITURE cont... Previous YepA Interprets'ng Tuition & SeNice Workshops Total 2023 Employment Costs Freelance Tutor8 Travelling Expense8 Teachlng Mat8rtals Exam Fees CRB Cheth8 & W(xk Pennits Publications & Subs¢ripttfmS Workshops & Actsvil88 Hospitality Volunteer Expense$ Support Costs Govemance Costs 4.048 57.778 4.048 57,778 2.223 5.765 75 201 7,258 1,W7 602 73.578 763 3,878 154,202 2,223 5,765 149 402 7.258 1,907 74 201 78,668 1,272 158,080 Restricled Fund8 Unrestricted Funds 828 3.878 153 374 3 878 154,202 828 157,252 158,080 8 ALLOCATION OF GOVERNANCE AND SUPPORT COSTS Gènèral Support Gov•rnance 2024 Total 2023 Total Employment Costs Rent & Bu8ine8s Tox Heat, Light & Water Telèphon8 Cleaning Prinllng, Postage & Staliomry Spftce (ts8d Web8ite Costs Insurance Rep8lr5 & Malntenance Space Used Computer & Internel Expenses Spac• Used Mlnor Equipment SpJG• Usth Deprecyalion Sundrles DDn8lion8 Legal & Proles5ional Fees 8ook-keep￿g & Accountancy 19,738 28.743 4.527 19.738 28,743 4,527 19.248 27.326 4,989 839 2.830 2,936 2,240 763 7,012 913 1.233 2,805 473 735 826 Sp•c• Us•d 3,198 1,028 3,198 1,028 794 6,107 785 1.050 3.549 1.024 6,107 78S 1,050 3,549 1,024 31JO 1,500 73,183 1,284 74,467 77,940 9 STAFF NUMBERS AND COST8 2024 2023 Wages and Salarle8 Social Securlty Costs Penslon Costs 32,976 25,386 262 33.238 358 25.724 No employee eomed £60.1]00 per annum or more. Tho charity had 2 employees during the year. The average number by full tim8 equlvalant was: Management & Administration Provision of S8rvic88 The charity considers its key management personnel comprises the tfU$tees and manager. The totsl employment benefits. induding employer pension contributions of the kay managèment personnel was £18.000 {prewous year: £12.S441. MANCHESTER CHINESE CENTRE 18 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024 {cont..) 10 CAPITAL COMMITMENTS Conlradad for but nol provlded £nil £nil 11 TRUSTEES. REMUNERATION AND EXPENSES No remuner81ion, dlredly or Indtréctty out of the funds of the charty, was paid or payable dudng Ihe period, to any trustee or to any persons known to be connected wilh any ol Ihem. No r8imbursement of expenses has been made or 18 due to be rnade to any of th8 Irustees in respect ofthe ￿TtOd. Related Parties Fortress Propety was paid £26.500 for rent of the premises for the year. This business is own8d by the centre manager. A renl revlew w88 caftled out by WT Gunson commercial propety o)nsultants In 2022 and eslablished a market rent for th8 premise$ of £26,5LKI p.a. £1,440 in room hire was charged to trustee Fc4 Fuen Nlcole Soi durlng the yéar. 12 TANGIBLE FIXED ASSETS Leasehold Comput8r8 Fixtures & Improvements EqLNpffl•nt Equipment Tolal COST As At 1 January 2024 Addltions D18posa18 At 31 De¢ember 2024 55.561 4,903 3,078 1,519 14,511 1.480 73,150 7,882 15,971 81.032 DEPRECIATION As Al 1 JBnu8ry 2024 Charge for Year Dlsposals At 31 December 2024 51.567 2,595 2,759 210 12,588 744 66,892 3,549 70.441 NET BOOK VALUE At 31 Decèmbèr 2024 At 310ecember 2023 6.302 1.628 2,661 10,591 13 STOCK 2024 2023 Stock 500 500 50 14 DEBTORS 2024 2023 Olher Debtors Prepayments 5,990 $50 1.210 1,760 All debtors In 2024 and 2023 relate to Unrestri￿Od fvnds. 16 LIABILITIES." AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Olher Creditors Other Taxes & Social Se¢urity Costs A¢¢ruals 5,979 217 8,021 2,277 10,0 All creditors in 2024 and 2023 relate to unre3lTrcted fwd¥ wilh the exception of.. Money hekl for Wuhan International Exchange Proj8Ct £4.521.15 MANCHESTER CHINESE CENTRE NOTES TO THE ACCOUPllS FOR THE YEAR ENDED 31 DECEMBER 2024 (cont...) 16 CONTINGENT LIABILITIE8 2024 2023 At 31 Oecemb8r 17 MOVEMENT IN FUNDS Balance at 1.1.24 Balance at 31.12.24 1r￿ffAng Transfers Outgoing Re8¢rlct•d Funds Oonalion8 - Build A Library 3.137 3.137 3,137 Unrestrfctod Funds General TOTAL FUNDS 178,335 18 194.982 194.982 174,435 174,435 198,862 01,99 Prevlou8 Year Bal￿¢6 Balanc8 at 31.12.23 Incoming Transfern Outgolng 1.1.23 Restrlcled Funds Donations- Build A Library Don81ions . food don81ion projecl Donatlons - Ertc Lln evenl 3.260 (123) 14001 305 828 3,137 400 305 705 3280 3.137 Unreslricled Fund8 Gener81 TOTAL FUNDS 142.917 46.177 198.486 199,191 163.088 1e3,896 178,335 81,472 18 ANALY81S OF CHARITABLE FUNDS Tanglble Fixed Assels Nel Current A8set$ Total RESTRICTED FUNDS: UNRESTRICTED FUNDS: 3.137 3.137 198,882 201,999 10.591 Prevlou8 Year RESTRICTED FUNDS: UNRESTRICTED FUNOS.. 3,137 172.077 175,214 3,137 178.335 6,258 6.258 19 COMPANY STATUS The charitable company18 limlted by guarantee and all members have agreed to contribute a 6um not 6xc8édln9 £10 fn the evenl ol 8 winding up. 20 FINANCIAL INSTRUMENTS The chafity only has financial assets ard liabillties of a kind that qualify as basic finanrial instruments. Basic finanoal instrumenls are initially recognised on a 1r8ns8cts.on value and 8ubsequenlly measured at their setdemenl value with the exception of bank loans which are subsequently rneasu￿d al an amortised cosl using th8 effective intsresl m8lhod 21 GOING CONCERN The cornpanys maln source of Income is tuilion feas. The TnJste6s, having regard to fvlure budgets and the current level of reseNes conslder that it Is approprtate lo prepare th8 accounts on a going concem basis and, consequently the accounts do not Include any adjustments Ihat would be necessary If th8 cu￿ent funding sourc88 should drop significanlly. 22 POST BALANCE SHEET EVENTS The trustee5 conslder that Ihere are no significant post balance sheet events that Impact on th8 financial 8tstements as presenled. 23 CONTROLLING PARTIES The company is under the joint contrDI of the vor￿leer Board ofTwstses named on Page 1.