## **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:
**----- Start of picture text -----**
Para 1.41
Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives
set
Para 1.41
**----- End of picture text -----**
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||
||||||
||||||
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||||||
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|**Director name**|||||
||||||
||||||
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||||||
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||||||
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|
##
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##
##
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|||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|
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|||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?-|
##
##
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##
##
##
##
##
##
|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|
##
##
##