Trustees’ annual report (including Directors’ report) for the period
From: Period start date: 01/08/19 Charity name: Confucius Tao & Association (UK)
To: Period end date: 31/07/20
Charity registration number: 1138997
Company number: 7323872
Objectives and activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | Confucius Tao Association (UK) is a company limited by guarantee with no share capital incorporated on 22 July 2010. The company was granted charity status on 12 November 2010 and is governed by its Memorandum and Articles of Association. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
The objects of the charity are: 1. To advance religion for the public benefit by promoting Buddhism and the teachings of the great Tao 2. To promote the mental or spiritual improvement of the community for the public benefit by sponsoring the teachings of Confucius 3. To promote religious and racial harmony for the public benefit by enhancing mutual understanding amongst all races and cultures in the United Kingdom 4. To relieve those in need by provision of charitable, physical or moral assistance,for thepublic benefit |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have considered their duty as outlined in Section 4 of the Companies Act 2006 to have due regard to the Charity Commission's guidance on public benefit. The purpose of the charity is enshrined in its objectives as outlined above. The trustees ensure that this purpose is carried out for the public benefit by delivering a range of suitable activities. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making
Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and performance
During the period under review, the organisation continued with its usual charitable activities as far as able but due to COVID-19 all Summary of the main Para 1.20 activities at the charity's premises ceased from achievements of the charity, February 2020 onwards. The Tea Bar closed in identifying the difference the January 2020. All activities have moved online charity’s work has made to where possible including seminars, praying and the circumstances of its chanting. beneficiaries and any wider benefits to society as a whole.
Additional information (optional) You may choose to include further statements where relevant about:
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Para 1.41
Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
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Investment performance against objectives Other
Financial review
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity had a deficit of ££22,472 ( 2019 Deficit £13,543) ) for the year'. Total incoming resources for the year amounted to £62,324 (2019 £74,270). |
|---|---|---|
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for special purposes or otherwise committed. The trustees consider that there are sufficient unrestricted funds to carry out the activities of the charity and to meet its running costs for at least 6 months ahead. |
| Amount of reserves held | Para 1.22 | As at 31 Jul 2020, the total reserves of the charities amounted to £407,290 (2019 £429,762). |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 | The trustees have assessed the Going Concem position of the Charity in the light of COVID-19 and adopted appropriate measures to ensure the safety of all members, supporters and those who have dealings with the organisation. |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The organisation continued with its fundraising activity but doing it online mainly. This included encouraging members and supporters to donate to Buddha Status during Chinese New Year and donating lotus flowers during the Mid-Autumn Festival. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | The charity's investment powers are govemed by the Memorandum and Articles of Association. This permits the charity's funds to be invested in investments, securities or property as may be thought fit but only after obtaining appropriate advice from a Financial Expert. |
| A description of the principal risks facing the charity |
Para 1.46 | The trustees are aware of the major operational and business risks which the charity faces and are confident that adequate systems are in place to mitigate any significant risks. |
| Other |
Structure, governance and management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document: for example,trust deed, memorandum and articles of association etc |
Para 1.25 | Memorandum and articles of association |
| How is the charity constituted? for example limited company, unincorporated association, CIO |
Para 1.25 | Limited Company |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Name of any person or body entitled to appoint one or more trustees |
Additional information (optional) You may choose to include further statements where relevant about:
Para 1.51 Policies and procedures adopted for the induction and training of trustees Para 1.51 The charity’s organisational structure and any wider network with which the charity works Para 1.51 Relationship with any related parties Other
Reference and administrative details
Charity name Confucius Tao & Association (UK) Other name the charity uses Registered charity number 1138997 Charity’s principal address 47 Shernhall Street, London, E17 3EY
Names of the charity trustees who manage the charity
| Trustee name Office (if any) Dates acted if not for whole year Name of person (or body) entitled to appoint trustee(if any) 1 Hui Goh Phua 01/11/2012 2 Tak YeungCheung 15/07/2017 3 Mun HoongChin 01/11/2012 4 Cai YingHe 30/06/2014 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 Corporate trustees–names of the directors at the date the report was approved Director name |
Trustee name | Office (if any) | Dates acted if not for whole year |
Name of person (or body) entitled to appoint trustee(if any) |
|---|---|---|---|---|
| Hui Goh Phua | 01/11/2012 | |||
| Tak YeungCheung | 15/07/2017 | |||
| Mun HoongChin | 01/11/2012 | |||
| Cai YingHe | 30/06/2014 | |||
| Director name | ||||
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (optional information)
| Type of | Name | Address |
|---|---|---|
| adviser |
Name of chief executive or names of senior staff members (optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The company has taken advantage of the small companies’ exemption in preparing the report above.
The trustees declare that they have approved the trustees’ report (including directors’ report) above.
Signed on behalf of the charity’s trustees /directors
Signature(s) Full name(s) Hui Goh Phua Position (for example Treasurer Secretary, Chair, etc) Date 24/05/2021
| Page | ||
|---|---|---|
| Officersand professionaladvisers | I | |
| Trustees'report | 2-4 | |
| Independent Examiner's Report | ||
| Statementof Financial Activities | 6 | |
| Balancesheet | 7 | |
| Notes to theaccounts | 8-11 |
| Trustees/Directors | DMHChin(Chairman) |
|---|---|
| CYHe | |
| TYCheung | |
| H GPhua(Treasurer) | |
| CompanyNumber | 07323872 (England&Wales) |
| RegisteredCharityNumber | 1138997 |
| RegisteredOffice | TheLordBrooke |
| 47 ShernhallStreet | |
| Walthamstow | |
| LondonEl73EY | |
| Charitv'saddress | TheLordBrooke |
| 47 ShemhallStreet | |
| Wathamstow | |
| LondonEl73EY | |
| IndependentExaminer | MeiSimLaiOBE DLFCA FCCA |
| LaiPeters&Co | |
| Chartered Accountants | |
| Suite A | |
| 6HondurasStreet | |
| London | |
| ECIYOTH | |
| Bankers | HSBCBank |
| Canada Place | |
| CanaryWharf | |
| London | |
| EI45AH |
| ljnrestricted Funds |
Restricted Funds |
Total 2020 |
Total 2019 |
||
|---|---|---|---|---|---|
| Notes | fff | f | |||
| INCON{INGRESOTIRCES | |||||
| lncomingresourcesfromgenerated | |||||
| Funds | |||||
| Lbluntctry income Donations.grants andsimilar incorning |
62.270 | 62,270 | 74.223 | ||
| resoul'ces | |||||
| Interest receivable | 54 | 54 | 1'7 | ||
| Total incomingresources | 62,270 | 54 | 62.324 | 74,270 | |
| RESOTTRCESEXPE\DEI) | |||||
| Raisingfunds Charitableactivities |
15,466 19.754 |
49,576 | 15,466 69.330 |
9.34,1 78.169 |
|
| Totalresources expended | 35.220 | 49,576 | 81.796 | 87.813 | |
| Net(outgoing)/incomingresources | 27.0s0 | (4e,522) | (22,472)(13,543) | ||
| Reconciliationof funds | |||||
| Totalfundsbroughtforuard | 244,319 | 185.443 | 129.762 | 143.305 | |
| Totalfunds carriedfbrli,ard | 27t,369 | 135.92I | 407,290 | 429,762 |
| Notes | 2020f | 2019 f |
||||
|---|---|---|---|---|---|---|
| rIXEDASSETS | ||||||
| Taneiblet'ixed | -s95.504 | 645,080 | ||||
| ASSCTS | ||||||
| CLiRRF,T"NT | ||||||
| ASSETS | ||||||
| Debtors Cash atBank |
7 8 |
I 1,680 49.840 |
5,426 49.071 |
|||
| 6t,520 | 54,197 | |||||
| CREDITORS: | ||||||
| amountsthlling | ||||||
| duervithinone | ||||||
| year | ||||||
| Creriitorsand | 9.l0 | (249.134) | (269.81 5) | |||
| Loans | ||||||
| nvET CURRET,\T | fi88.214) | (215.,3 I8) | ||||
| ASSETS | ||||||
| RESERVES | 4!1jp9 | 42e. *Je |
||||
| Unrestricted funds Restrictedfunds |
II | 271,369 135.921 |
2.44.319 18-i^4.13 |
|||
| TOTAL RESERVES |
49f44 | Q-2Jq?- |
| 2.TANGIBLEF'IXED ASSET | S | ||
|---|---|---|---|
| tr'reehold | Fixturesand | Total | |
| Propefi | Equipment | ||
| f, | f, | L | |
| Cost | |||
| Atbeginning of year | 829,536 | 80,991 | 910,527 |
| Additionsduring year | |||
| Costat endofyear | 829.536 | 80.991 | 9r0.527 |
| Depreciation | |||
| Atbeginningofyear | 207,38s | 58,062 | 265,447 |
| Chargeforyear | 41,477 | 8,099 | 49,576 |
| Atendofyear | 248.862 | 55t5j_ | 315.023 |
| Net Book Value | |||
| 3lJuly 2020 | t80sz4 | 14,830 | s95J04 |
| 3lJuly 2019 | 944:J | ??q?q | 64108! |
| .INCOMINGRESOURCES | ||
|---|---|---|
| 2020 | 2019 | |
| f | f. | |
| Unrestricted donations | t7s75 | 5t,499 |
| Saleofdonatedandotherqoods | t7,043 | 13,775 |
| TeaBar | 2.046 | 3,587 |
| Gift Aidrecoverable | 5,568 | 5,358 |
| Uniforms | 88 | 4 |
| Totalunrestrictedincomingresources | 62.270 | 74.223 |
| Bank interest receivable - restricted | 54 | 47 |
| Total Incomingresources | 62.321 | 74.270 |
| 4.RESOURCESEXPENDED | ||
|---|---|---|
| Raising funds: | 2020t | 20t9 f |
| Costofgoodssold | 13,147 | 7,341 |
| TeaBar | 2.319 | 2.003 |
| 15,166 | 9.344 | |
| Charitable activities | ||
| Meetings,events andseminarexpenses | 782 | 3,378 |
| Supportcosts: | ||
| Utilities | 12,334 | 18,813 |
| Insurance | r,591 | 1,583 |
| ProfessionalFees | 26 | t63 |
| Printing&Stationery | 70 | 225 |
| GeneralExpenses | 3,991 | 3,563 |
| Governancecosts | 960 | 960 |
| Totalcostofcharitableactivities( unrestricted) | 19J54 | 28,685 |
| Depreciation of Freeholdbuildings(restricted) | 41,477 | 41,477 |
| Depreciation ofFixturesandEquipment(restricted) | 8,099 | 8,307 |
| Totalcostofcharitableactivities | 69.330 | 78.469 |
| 5.GOVERNANCECOSTS | ||
| 2020f | 20t9 | |
| IndependentExaminer'sFee( includingVAT) | 960 | 960 |
| 7.DEBTORS: AMOUNTSFALLINGDUEW | ITIIINONEYEAR | |
|---|---|---|
| 2020 | 2019 | |
| L | f | |
| Prepayment | 774 | 88 |
| Gift Aidrecoverable | 10.906 | 5.338 |
| 11.680 | 5.426 | |
| 8.CASHATBANK | ||
| 2020 | 2019 | |
| f | + | |
| Cash atBank- Currentaccormt | I8,730 | 19,114 |
| Cash atBank-Savings account | 31.110 | 29.957 |
| 49.840 | 49.47r |
| 9.CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | 9.CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | |
|---|---|---|
| 2020 | 20t9 | |
| f | [. | |
| Accruals | 960 | rJ41 |
| IO.LOANS | ||
| 2020 | 2019 | |
| f. | f. | |
| Loanstoassistwiththepurchaseofabuildingforuseof the charity and improvementsto buildingafterwards |
243J14 | 25WA |
| I1.RESTRICTEDFUNDS | ?020 | 2019 |
|---|---|---|
| f | € | |
| BUILDINGFUND | ||
| Atbeginningofyear | 185,,143 | 235,r80 |
| Netincrease in year | 51 | 41 |
| Depreciationof buildingsand Fixtures&Equipmentforyear | (19,576) | (19,7&4) |
| Atendofyear | 13s.921 | 18s.443 |
| Page | ||
|---|---|---|
| Officersand professionaladvisers | I | |
| Trustees'report | 2-4 | |
| Independent Examiner's Report | ||
| Statementof Financial Activities | 6 | |
| Balancesheet | 7 | |
| Notes to theaccounts | 8-11 |
| Trustees/Directors | DMHChin(Chairman) |
|---|---|
| CYHe | |
| TYCheung | |
| H GPhua(Treasurer) | |
| CompanyNumber | 07323872 (England&Wales) |
| RegisteredCharityNumber | 1138997 |
| RegisteredOffice | TheLordBrooke |
| 47 ShernhallStreet | |
| Walthamstow | |
| LondonEl73EY | |
| Charitv'saddress | TheLordBrooke |
| 47 ShemhallStreet | |
| Wathamstow | |
| LondonEl73EY | |
| IndependentExaminer | MeiSimLaiOBE DLFCA FCCA |
| LaiPeters&Co | |
| Chartered Accountants | |
| Suite A | |
| 6HondurasStreet | |
| London | |
| ECIYOTH | |
| Bankers | HSBCBank |
| Canada Place | |
| CanaryWharf | |
| London | |
| EI45AH |
| ljnrestricted Funds |
Restricted Funds |
Total 2020 |
Total 2019 |
||
|---|---|---|---|---|---|
| Notes | fff | f | |||
| INCON{INGRESOTIRCES | |||||
| lncomingresourcesfromgenerated | |||||
| Funds | |||||
| Lbluntctry income Donations.grants andsimilar incorning |
62.270 | 62,270 | 74.223 | ||
| resoul'ces | |||||
| Interest receivable | 54 | 54 | 1'7 | ||
| Total incomingresources | 62,270 | 54 | 62.324 | 74,270 | |
| RESOTTRCESEXPE\DEI) | |||||
| Raisingfunds Charitableactivities |
15,466 19.754 |
49,576 | 15,466 69.330 |
9.34,1 78.169 |
|
| Totalresources expended | 35.220 | 49,576 | 81.796 | 87.813 | |
| Net(outgoing)/incomingresources | 27.0s0 | (4e,522) | (22,472)(13,543) | ||
| Reconciliationof funds | |||||
| Totalfundsbroughtforuard | 244,319 | 185.443 | 129.762 | 143.305 | |
| Totalfunds carriedfbrli,ard | 27t,369 | 135.92I | 407,290 | 429,762 |
| Notes | 2020f | 2019 f |
||||
|---|---|---|---|---|---|---|
| rIXEDASSETS | ||||||
| Taneiblet'ixed | -s95.504 | 645,080 | ||||
| ASSCTS | ||||||
| CLiRRF,T"NT | ||||||
| ASSETS | ||||||
| Debtors Cash atBank |
7 8 |
I 1,680 49.840 |
5,426 49.071 |
|||
| 6t,520 | 54,197 | |||||
| CREDITORS: | ||||||
| amountsthlling | ||||||
| duervithinone | ||||||
| year | ||||||
| Creriitorsand | 9.l0 | (249.134) | (269.81 5) | |||
| Loans | ||||||
| nvET CURRET,\T | fi88.214) | (215.,3 I8) | ||||
| ASSETS | ||||||
| RESERVES | 4!1jp9 | 42e. *Je |
||||
| Unrestricted funds Restrictedfunds |
II | 271,369 135.921 |
2.44.319 18-i^4.13 |
|||
| TOTAL RESERVES |
49f44 | Q-2Jq?- |
| 2.TANGIBLEF'IXED ASSET | S | ||
|---|---|---|---|
| tr'reehold | Fixturesand | Total | |
| Propefi | Equipment | ||
| f, | f, | L | |
| Cost | |||
| Atbeginning of year | 829,536 | 80,991 | 910,527 |
| Additionsduring year | |||
| Costat endofyear | 829.536 | 80.991 | 9r0.527 |
| Depreciation | |||
| Atbeginningofyear | 207,38s | 58,062 | 265,447 |
| Chargeforyear | 41,477 | 8,099 | 49,576 |
| Atendofyear | 248.862 | 55t5j_ | 315.023 |
| Net Book Value | |||
| 3lJuly 2020 | t80sz4 | 14,830 | s95J04 |
| 3lJuly 2019 | 944:J | ??q?q | 64108! |
| .INCOMINGRESOURCES | ||
|---|---|---|
| 2020 | 2019 | |
| f | f. | |
| Unrestricted donations | t7s75 | 5t,499 |
| Saleofdonatedandotherqoods | t7,043 | 13,775 |
| TeaBar | 2.046 | 3,587 |
| Gift Aidrecoverable | 5,568 | 5,358 |
| Uniforms | 88 | 4 |
| Totalunrestrictedincomingresources | 62.270 | 74.223 |
| Bank interest receivable - restricted | 54 | 47 |
| Total Incomingresources | 62.321 | 74.270 |
| 4.RESOURCESEXPENDED | ||
|---|---|---|
| Raising funds: | 2020t | 20t9 f |
| Costofgoodssold | 13,147 | 7,341 |
| TeaBar | 2.319 | 2.003 |
| 15,166 | 9.344 | |
| Charitable activities | ||
| Meetings,events andseminarexpenses | 782 | 3,378 |
| Supportcosts: | ||
| Utilities | 12,334 | 18,813 |
| Insurance | r,591 | 1,583 |
| ProfessionalFees | 26 | t63 |
| Printing&Stationery | 70 | 225 |
| GeneralExpenses | 3,991 | 3,563 |
| Governancecosts | 960 | 960 |
| Totalcostofcharitableactivities( unrestricted) | 19J54 | 28,685 |
| Depreciation of Freeholdbuildings(restricted) | 41,477 | 41,477 |
| Depreciation ofFixturesandEquipment(restricted) | 8,099 | 8,307 |
| Totalcostofcharitableactivities | 69.330 | 78.469 |
| 5.GOVERNANCECOSTS | ||
| 2020f | 20t9 | |
| IndependentExaminer'sFee( includingVAT) | 960 | 960 |
| 7.DEBTORS: AMOUNTSFALLINGDUEW | ITIIINONEYEAR | |
|---|---|---|
| 2020 | 2019 | |
| L | f | |
| Prepayment | 774 | 88 |
| Gift Aidrecoverable | 10.906 | 5.338 |
| 11.680 | 5.426 | |
| 8.CASHATBANK | ||
| 2020 | 2019 | |
| f | + | |
| Cash atBank- Currentaccormt | I8,730 | 19,114 |
| Cash atBank-Savings account | 31.110 | 29.957 |
| 49.840 | 49.47r |
| 9.CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | 9.CREDITORS: AMOUNTSFALLINGDUEWITHINONEYEAR | |
|---|---|---|
| 2020 | 20t9 | |
| f | [. | |
| Accruals | 960 | rJ41 |
| IO.LOANS | ||
| 2020 | 2019 | |
| f. | f. | |
| Loanstoassistwiththepurchaseofabuildingforuseof the charity and improvementsto buildingafterwards |
243J14 | 25WA |
| I1.RESTRICTEDFUNDS | ?020 | 2019 |
|---|---|---|
| f | € | |
| BUILDINGFUND | ||
| Atbeginningofyear | 185,,143 | 235,r80 |
| Netincrease in year | 51 | 41 |
| Depreciationof buildingsand Fixtures&Equipmentforyear | (19,576) | (19,7&4) |
| Atendofyear | 13s.921 | 18s.443 |