2024-07-31-accounts

Trustees’ Annual Report for the period

From 1/8/2023 Period start date To 31/7/2024 Period end date

Charity name: Confucius & Tao Association (UK)

Charity registration number:1138997

Objectives and Activities

	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	OBJECTIVES OF THE CHARITY 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 the public benefit
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 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.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees are responsible for the general control and management of the charity. One person is appointed as the Chairperson of the trustees and duties and responsibilities are allocated amongst the trustees and members. Meetings of the trustees are held throughout the year to deal with matters relating to the running of the charity and activities for members. The charity does not have any employees as its work is carried out by the trustees and its members and volunteers.

Additional information (optional) You may choose to include further statements where relevant about:

~~a~~

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

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	During the period under review, the organisation continued with its usual charitable activities including operating The Tea Bar called Lotus Bloom Café at its premises. Some of the charitable activities were held online and some were in person events including seminars and other events for the community. There has been no further progress on the re- submission of the application to the local Council for the change of use of the property. The charity operates in London but has informal links with other independent charity organisations based in Birmingham and Glasgow. Fundraising was carried out in those locations for the charity.

Additional information (optional) You may choose to include further statements where relevant about:

Achievements against Para 1.41 objectives set Performance of fundraising activities against objectives Para 1.41 set

Investment performance against objectives	Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The charity had a surplus of £18,956 ( 2023 Deficit £1,865) ) for the year. Total incoming resources for the year amounted to £89,681 ( 2023 £93,971 ). As at 31 July 2024, the total reserves of the charity amounted to £471,593 (2022 £452,637 ).
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	Each of the above trustees is also a member and director of the company and each is liable to contribute an amount not exceeding £1 in the event of the companybeingwound up.
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 the considered the going concern of the charity and its cashflows. They have come to the conclusion that the charity has adequate resources to continue in business for the next 12 months.

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
Investment policy and objectives including any social investment policy adopted	Para 1.46	The charity’s investment powers are governed 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 (trust deed, royal charter)	Para 1.25
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25
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

Additional information (optional)

You may choose to include further statements where relevant about:

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	Para 1.51
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

1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee(if any)
	MR MUN HOONG CHIN
	CAIYING HE
	TAK YEUNG CHEUNG
	HUI GOH PHUA

– Corporate trustees names of the directors at the date the report was approved

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 trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) HUI GOH PHUA ~~oo~~ Position (eg Secretary, TRESURER Chair, etc) ~~ee~~ Date 31.7.25

CONFUCIUS & TAO ASSOCIATION (UK)

(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)

REPORT AND ACCOUNTS

for the year ended 31 July 2024

COMPANY NO: 07323872 (ENGLAND & WALES)

REGISTERED CHARITY NO: 1138997

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) REPORT AND ACCOUNTS For the year ended 31 JULY 2024

CONTENTS

	Page
Officers and professional advisers		1
Trustees’ report		2-4
Independent Examiner’s Report		5
Statement of Financial Activities		6
Balance sheet		7
Notes to the accounts		8-11

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) OFFICERS AND PROFESSIONAL ADVISERS For the year ended 31 July 2024

		PAGE 1
Trustees/Directors	D M H Chin ( Chairman)
	C Y He
	T Y Cheung
	H G Phua ( Treasurer )
Company Number	07323872 (England & Wales)
Registered Charity Number	1138997
Registered Office	The Lord Brooke
	47 Shernhall Street
	Walthamstow
	London E17 3EY
Charity’s address	The Lord Brooke
	47 Shernhall Street
	Wathamstow
	London E17 3EY
Independent Examiner	Mei Sim Lai OBE DL FCA FCCA
	LaiPeters & Co
	Chartered Accountants
	Suite A
	6 Honduras Street
	London
	EC1Y 0TH
Bankers	HSBC Bank
	Canada Place
	Canary Wharf
	London
	E14 5AH

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’ REPORT For the year ended 31 July 2024

PAGE 2

The trustees present their report and accounts for the year ended 31 July 2024.

CONSTITUTION

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.

OBJECTIVES OF THE CHARITY

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 the public benefit

PUBLIC BENEFIT

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.

GOVERNANCE AND ORGANISATION

The trustees are responsible for the general control and management of the charity. One person is appointed as the Chairperson of the trustees and duties and responsibilities are allocated amongst the trustees and members. Meetings of the trustees are held throughout the year to deal with matters relating to the running of the charity and activities for members. The charity does not have any employees as its work is carried out by the trustees and its members and volunteers.

DIRECTORS/TRUSTEES

The trustees who have served during the year under review and to the date of signing these accounts are:

D M H Chin (Chairman) C Y He T Y Cheung H G Phua (Treasurer)

Each of the above trustees is also a member and director of the company and each is liable to contribute an amount not exceeding £1 in the event of the company being wound up.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARECAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2024

PAGE 3

RISK MANAGEMENT

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.

RESERVES POLICY

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.

INVESTMENT POWERS AND POLICY

The charity’s investment powers are governed 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.

ACHIEVEMENTS AND ACTIVITIES DURING 2023/2024

During the period under review, the organisation continued with its usual charitable activities including operating The Tea Bar called Lotus Bloom Café at its premises. Some of the charitable activities were held online and some were in person events including seminars and other events for the community.

There has been no further progress on the re-submission of the application to the local Council for the change of use of the property.

The charity operates in London but has informal links with other independent charity organisations based in Birmingham and Glasgow. Fundraising was carried out in those locations for the charity.

PURCHASE OF FREEHOLD PROPERTY FOR USE BY THE CHARITY

The charity purchased the Freehold property at The Lord Brooke,47 Shernhall Street, Walthamstow in July 2014 in August 2014. The cost of the Freehold Property was £740,000. With related professional and other costs of £4,259, the total costs of the Freehold Property amounted to £744,259. Further costs were spent on improving the property and converting it into suitable accommodation for the charity, including completing the fitting out of it with fixtures and equipment. In 2023 costs were incurred to create a tea bar on the premises. At 31 July 2024, the total costs of the property amounted to £834,712 ( Note 2 ). Depreciation has been provided on the buildings element of the cost. The original purchase and subsequent improvement costs were funded by donations specifically for this purpose. As at 31 July 2024 the total loans relating to the property that have been generously provided by supporters of the charity amounted to £57,480( 2023 £94,480 ) These are interest free loans with no fixed repayment terms.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2024

PAGE 4

FINANCIAL REVIEW

The charity had a surplus of £18,956 ( 2023 Deficit £1,865) ) for the year. Total incoming resources for the year amounted to £89,681 ( 2023 £93,971 ). As at 31 July 2024, the total reserves of the charity amounted to £471,593 (2022 £452,637 ).

FUTURE PLANS & DEVELOPMENTS

The trustees continue to review and monitor the situation as regards the use of the property to carry out its charitable work and efforts are being made to raise more funds from its supporters.

STATEMENTOF DIRECTORS/TRUSTEES’RESPONSIBILITIES

The directors/trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors/trustees to prepare financial statements for each financial 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. In preparing these financial statements the directors/trustees are required to:

-select suitable accounting policies and then apply them consistently

-make judgements and estimates that are reasonable and prudent

-observe the methods and principles in the Charities SORP -state whether applicable accounting standards and statements of accounting practice have been followed, subject to any departure disclosed and explained in the financial statements. -prepare the financial statements on the going concern basis and in accordance with applicable accounting standards unless it is inappropriate to presume that the charity will continue in operation.

The directors/trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Board of Trustees on 31 July 2025 and signed on its behalf by

H G PHUA Trustee

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)

INDEPENDENT EXAMINER’S REPORT

For the year ended 31 July 2024

PAGE 5

____________

I report on the financial statements of Confucius & Tao Association (UK) (“the charity”) for the year ended 31 July 2024 which are set out on pages 6 to 11.

Respective responsibilities of the Trustees and Independent Examiner

The trustees of the charity (who are 6lso directors of the company for the purposes of company law) are responsible for preparing the financial statements. The trustees of the charity consider that an audit is not required for the year (under section 144 (2) of the Charities Act 2011 (“the Act “) and that an independent examination is needed.

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

-examined the accounts under section 145 of the 2011 Act

-followed the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and

- stated whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with General Directives given by the Charity Commission and regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

• 1.which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 386 of the Companies Act 2006: and

• to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 which are consistent with the method and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

• have not been met or

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

Mei Sim Lai OBE DL FCA FCCA LaiPeters & Co, Chartered Accountants Suite A 6 Honduras Street London EC2M 1NH 31 July 2025

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 July 2024

PAGE 6

Notes INCOMING RESOURCES Incoming resources from generated Funds Voluntary income Donations , grants and other incoming resources 3 Interest receivable 3 Total incoming resources RESOURCES EXPENDED Raising funds 4 Charitable activities Total resources expended Net incoming/(outgoing) resources Transfer of funds Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 89,481 - 89.481 93,882 200 - 200 89
	89,681 - 93,971 93,971
	3,263 3,263 20,115 67,462 - 67,462 75,721
	70,725 - 70,836 95,836
	18,956 - 18,956 (1,865) - - - 5,192 452,637 - 452,637 454,502
	471,593 - 471,593 452,637

The charity had no gains or losses during the year other than those shown above. All the above results are derived from continuing activities

The notes on pages 6 to 11 form part of these financial statements.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) BALANCE SHEET 31 July 2024

BALANCE SHEET 31 July 2024
Notes FIXED ASSETS Tangible fixed assets 2 CURRENT ASSETS Debtors 7 Cash at bank & in hand CREDITORS: amounts falling due within one year Creditors and Loans 9,10 RESERVES Unrestricted funds Restricted funds 11 TOTAL RESERVES	2024 £ 7,463 87,865 95,328 ( 58,797)		435,062 36,531 471,593 471,593 - 471,593

The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 July 2023:

• The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”)

• Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 5.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved and authorised for issue by the Board on 31 July 2025 and signed on behalf of the Board of trustees by:

H G PHUA

Trustee Company no : 07323872 ( England & Wales )

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 8

1. ACCOUNTING POLICIES

(a) Basis of preparation of accounts

The financial statements have been prepared under the historical cost convention and comply with the Companies Act 2006. They are prepared in sterling which is the functional currency of the charity. The financial statements have been prepared in accordance with the Statement of Recommended Practice and Reporting by Charities - SORP FRS102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland.

Going Concern

The trustees have the considered the going concern of the charity and its cashflows. They have come to the conclusion that the charity has adequate resources to continue in business for the next 12 months.

(b) Incoming resources

Income representing the value of gifts, donations and contributions from members is recognised in full in the Statement of Financial Activities when receivable.

(c) Resources expended

Resources expended include attributable VAT which cannot be recovered

(d) Unrestricted and Restricted Funds

Unrestricted funds are donations and other income receivable or generated for the charity without a specified purpose and are available for the general use of the charity.

Restricted Funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal. The purpose and use of the restricted funds is set out in the notes to these accounts.

(e) Depreciation

Depreciation is provided at rates calculated to write off the costs of fixed assets, less their residual value, over their expected useful lives on the following basis:

Freehold buildings 5% straight line

Fixtures and equipment 25% reducing balance

(f) Foreign exchange

Transactions in respect of donations from overseas, denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange at the balance sheet date.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 9

2 . TANGIBLE FIXED ASSETS

Cost At beginning of year Additions during year _ Cost at end of year Depreciation At beginning of year Charge for year At end of year Net Book Value 31 July 2024 31 July 2023	Freehold Fixtures and Property Equipment £ £ 834,712 102,215 - 1,454 __ 834,712 103,669 373,811 82,473 41,736 5,299 __ 415,547 87,772 419,165 15,897 460,901 19,742	Total £ 936,927 1,454 __ 938,381 456,284 47,035 ____ 503,319 435,062 480,643	Total £ 936,927 1,454 __ 938,381 456,284 47,035 ____ 503,319 435,062 480,643
			480,643

In the opinion of the trustees the current market value of the freehold property is well in excess of £1.2 million based on increases in property prices in the area but in the absence of a formal valuation the actual amount is not known.

3 . INCOMING RESOURCES

Unrestricted donations Sale of donated and other goods Tea Bar Gift Aid recoverable Income from car parking Meetings and events Uniforms Total unrestricted incoming resources Bank interest receivable - restricted Total Incoming resources	2024 £ 58,561 3,989 2,726 5,135 16,610 2,442 18 ______ 89,481 200 89,681	2023 £ 58,730 8,397 8.713 5,389 4.850 6,584 1,219 _____ 93,882 89 93,971

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 10

4. RESOURCES EXPENDED
	2024	2023
Raising funds:	£	£
Cost of goods sold	3,200	8,048
Tea Bar costs	63	12,067
	-------	--------
	3,263	20,115
Charitable activities
Meetings, events and seminar expenses	595	2,525
Support costs:
Utilities	10,641	12,856
Insurance	2,787	2,402
Professional Fees	-	2,919
Printing & Stationer	129	56
General Expenses & office costs	5,075	5,446
Governance costs	1,200	1,200
	______	_____
Total cost of charitable activities	20,427	27,404
Depreciation of Freehold buildings	41,736	41,736
Depreciation of Fixtures and Equipment	5,299	6,581
	______	______
Total cost of charitable activities	70,725	95,836
5. GOVERNANCE COSTS
	2024	2023
	£	£
Independent Examiner’s Fee	1,200	1,200
6 TRUSTEES’ REMUNERATION
The trustees are not remunerated and no expenses were claimed by the trustees		during the y
.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayment Gift Aid recoverable 8. CASH AT BANK Cash in hand Cash at Bank- Current account Cash at Bank- Savings account	2024 £ 2,328 5,135 7,463 2024 £ 200 , 10,159 77,506 87,865	2023 £ 100 5,436 5,536 2023 £ 200 59,697 2,241 62,138

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 11

_____________

9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Accruals	1,317	1,200
10.LOANS
	2024	2023
	£	£
Loans to assist with the purchase of a building for use by the charity	57.480	94,480
The above loans have been provided by supporters of the charity on an interest free basis. No
repayment terms have been fixed as this will be mutually decided and	applied at the appropriate
date.

11. RESTRICTED FUNDS 2024 £ BUILDING FUND At beginning of year 43,036 Net interest in year 89 Depreciation of buildings and Fixtures & Equipment for year (48,317) Transfer from unrestricted funds 5,192 At end of year -	2023 £ 43,036 89 (48,317) 5,192 -

12. CONTROL

The charitable company was controlled during the year by the board of directors/trustees.

13. RELATED PARTIES TRANSACTIONS

Donations were received from the Trustees during the year. Apart from this there were no other related parties transactions during the year.

14. EMPLOYEES

The charity did not have any employees during the period under review

CONFUCIUS & TAO ASSOCIATION (UK)

(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)

REPORT AND ACCOUNTS

for the year ended 31 July 2024

COMPANY NO: 07323872 (ENGLAND & WALES)

REGISTERED CHARITY NO: 1138997

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) REPORT AND ACCOUNTS For the year ended 31 JULY 2024

CONTENTS

	Page
Officers and professional advisers		1
Trustees’ report		2-4
Independent Examiner’s Report		5
Statement of Financial Activities		6
Balance sheet		7
Notes to the accounts		8-11

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) OFFICERS AND PROFESSIONAL ADVISERS For the year ended 31 July 2024

		PAGE 1
Trustees/Directors	D M H Chin ( Chairman)
	C Y He
	T Y Cheung
	H G Phua ( Treasurer )
Company Number	07323872 (England & Wales)
Registered Charity Number	1138997
Registered Office	The Lord Brooke
	47 Shernhall Street
	Walthamstow
	London E17 3EY
Charity’s address	The Lord Brooke
	47 Shernhall Street
	Wathamstow
	London E17 3EY
Independent Examiner	Mei Sim Lai OBE DL FCA FCCA
	LaiPeters & Co
	Chartered Accountants
	Suite A
	6 Honduras Street
	London
	EC1Y 0TH
Bankers	HSBC Bank
	Canada Place
	Canary Wharf
	London
	E14 5AH

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’ REPORT For the year ended 31 July 2024

PAGE 2

The trustees present their report and accounts for the year ended 31 July 2024.

CONSTITUTION

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.

OBJECTIVES OF THE CHARITY

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 the public benefit

PUBLIC BENEFIT

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.

GOVERNANCE AND ORGANISATION

The trustees are responsible for the general control and management of the charity. One person is appointed as the Chairperson of the trustees and duties and responsibilities are allocated amongst the trustees and members. Meetings of the trustees are held throughout the year to deal with matters relating to the running of the charity and activities for members. The charity does not have any employees as its work is carried out by the trustees and its members and volunteers.

DIRECTORS/TRUSTEES

The trustees who have served during the year under review and to the date of signing these accounts are:

D M H Chin (Chairman) C Y He T Y Cheung H G Phua (Treasurer)

Each of the above trustees is also a member and director of the company and each is liable to contribute an amount not exceeding £1 in the event of the company being wound up.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARECAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2024

PAGE 3

RISK MANAGEMENT

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.

RESERVES POLICY

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.

INVESTMENT POWERS AND POLICY

The charity’s investment powers are governed 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.

ACHIEVEMENTS AND ACTIVITIES DURING 2023/2024

During the period under review, the organisation continued with its usual charitable activities including operating The Tea Bar called Lotus Bloom Café at its premises. Some of the charitable activities were held online and some were in person events including seminars and other events for the community.

There has been no further progress on the re-submission of the application to the local Council for the change of use of the property.

The charity operates in London but has informal links with other independent charity organisations based in Birmingham and Glasgow. Fundraising was carried out in those locations for the charity.

PURCHASE OF FREEHOLD PROPERTY FOR USE BY THE CHARITY

The charity purchased the Freehold property at The Lord Brooke,47 Shernhall Street, Walthamstow in July 2014 in August 2014. The cost of the Freehold Property was £740,000. With related professional and other costs of £4,259, the total costs of the Freehold Property amounted to £744,259. Further costs were spent on improving the property and converting it into suitable accommodation for the charity, including completing the fitting out of it with fixtures and equipment. In 2023 costs were incurred to create a tea bar on the premises. At 31 July 2024, the total costs of the property amounted to £834,712 ( Note 2 ). Depreciation has been provided on the buildings element of the cost. The original purchase and subsequent improvement costs were funded by donations specifically for this purpose. As at 31 July 2024 the total loans relating to the property that have been generously provided by supporters of the charity amounted to £57,480( 2023 £94,480 ) These are interest free loans with no fixed repayment terms.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2024

PAGE 4

FINANCIAL REVIEW

The charity had a surplus of £18,956 ( 2023 Deficit £1,865) ) for the year. Total incoming resources for the year amounted to £89,681 ( 2023 £93,971 ). As at 31 July 2024, the total reserves of the charity amounted to £471,593 (2022 £452,637 ).

FUTURE PLANS & DEVELOPMENTS

The trustees continue to review and monitor the situation as regards the use of the property to carry out its charitable work and efforts are being made to raise more funds from its supporters.

STATEMENTOF DIRECTORS/TRUSTEES’RESPONSIBILITIES

The directors/trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the directors/trustees to prepare financial statements for each financial 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. In preparing these financial statements the directors/trustees are required to:

-select suitable accounting policies and then apply them consistently

-make judgements and estimates that are reasonable and prudent

-observe the methods and principles in the Charities SORP -state whether applicable accounting standards and statements of accounting practice have been followed, subject to any departure disclosed and explained in the financial statements. -prepare the financial statements on the going concern basis and in accordance with applicable accounting standards unless it is inappropriate to presume that the charity will continue in operation.

The directors/trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the Board of Trustees on 31 July 2025 and signed on its behalf by

H G PHUA Trustee

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)

INDEPENDENT EXAMINER’S REPORT

For the year ended 31 July 2024

PAGE 5

____________

I report on the financial statements of Confucius & Tao Association (UK) (“the charity”) for the year ended 31 July 2024 which are set out on pages 6 to 11.

Respective responsibilities of the Trustees and Independent Examiner

The trustees of the charity (who are 6lso directors of the company for the purposes of company law) are responsible for preparing the financial statements. The trustees of the charity consider that an audit is not required for the year (under section 144 (2) of the Charities Act 2011 (“the Act “) and that an independent examination is needed.

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

-examined the accounts under section 145 of the 2011 Act

-followed the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and

- stated whether particular matters have come to my attention.

Basis of Independent Examiner’s Report

My examination was carried out in accordance with General Directives given by the Charity Commission and regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

• 1.which gives me reasonable cause to believe that in any material respect the requirements:

• to keep accounting records in accordance with section 386 of the Companies Act 2006: and

• to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 which are consistent with the method and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities

• have not been met or

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

Mei Sim Lai OBE DL FCA FCCA LaiPeters & Co, Chartered Accountants Suite A 6 Honduras Street London EC2M 1NH 31 July 2025

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 July 2024

PAGE 6

Notes INCOMING RESOURCES Incoming resources from generated Funds Voluntary income Donations , grants and other incoming resources 3 Interest receivable 3 Total incoming resources RESOURCES EXPENDED Raising funds 4 Charitable activities Total resources expended Net incoming/(outgoing) resources Transfer of funds Total funds brought forward Total funds carried forward	Unrestricted Funds Restricted Funds Total 2024 Total 2023 £ £ £ £ 89,481 - 89.481 93,882 200 - 200 89
	89,681 - 93,971 93,971
	3,263 3,263 20,115 67,462 - 67,462 75,721
	70,725 - 70,836 95,836
	18,956 - 18,956 (1,865) - - - 5,192 452,637 - 452,637 454,502
	471,593 - 471,593 452,637

The charity had no gains or losses during the year other than those shown above. All the above results are derived from continuing activities

The notes on pages 6 to 11 form part of these financial statements.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) BALANCE SHEET 31 July 2024

BALANCE SHEET 31 July 2024
Notes FIXED ASSETS Tangible fixed assets 2 CURRENT ASSETS Debtors 7 Cash at bank & in hand CREDITORS: amounts falling due within one year Creditors and Loans 9,10 RESERVES Unrestricted funds Restricted funds 11 TOTAL RESERVES	2024 £ 7,463 87,865 95,328 ( 58,797)		435,062 36,531 471,593 471,593 - 471,593

The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 July 2023:

• The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”)

• Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 5.

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The accounts were approved and authorised for issue by the Board on 31 July 2025 and signed on behalf of the Board of trustees by:

H G PHUA

Trustee Company no : 07323872 ( England & Wales )

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 8

1. ACCOUNTING POLICIES

(a) Basis of preparation of accounts

The financial statements have been prepared under the historical cost convention and comply with the Companies Act 2006. They are prepared in sterling which is the functional currency of the charity. The financial statements have been prepared in accordance with the Statement of Recommended Practice and Reporting by Charities - SORP FRS102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland.

Going Concern

The trustees have the considered the going concern of the charity and its cashflows. They have come to the conclusion that the charity has adequate resources to continue in business for the next 12 months.

(b) Incoming resources

Income representing the value of gifts, donations and contributions from members is recognised in full in the Statement of Financial Activities when receivable.

(c) Resources expended

Resources expended include attributable VAT which cannot be recovered

(d) Unrestricted and Restricted Funds

Unrestricted funds are donations and other income receivable or generated for the charity without a specified purpose and are available for the general use of the charity.

Restricted Funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal. The purpose and use of the restricted funds is set out in the notes to these accounts.

(e) Depreciation

Depreciation is provided at rates calculated to write off the costs of fixed assets, less their residual value, over their expected useful lives on the following basis:

Freehold buildings 5% straight line

Fixtures and equipment 25% reducing balance

(f) Foreign exchange

Transactions in respect of donations from overseas, denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction.

Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange at the balance sheet date.

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

PAGE 9

2 . TANGIBLE FIXED ASSETS

Cost At beginning of year Additions during year _ Cost at end of year Depreciation At beginning of year Charge for year At end of year Net Book Value 31 July 2024 31 July 2023	Freehold Fixtures and Property Equipment £ £ 834,712 102,215 - 1,454 __ 834,712 103,669 373,811 82,473 41,736 5,299 __ 415,547 87,772 419,165 15,897 460,901 19,742	Total £ 936,927 1,454 __ 938,381 456,284 47,035 ____ 503,319 435,062 480,643	Total £ 936,927 1,454 __ 938,381 456,284 47,035 ____ 503,319 435,062 480,643
			480,643

In the opinion of the trustees the current market value of the freehold property is well in excess of £1.2 million based on increases in property prices in the area but in the absence of a formal valuation the actual amount is not known.

3 . INCOMING RESOURCES

Unrestricted donations Sale of donated and other goods Tea Bar Gift Aid recoverable Income from car parking Meetings and events Uniforms Total unrestricted incoming resources Bank interest receivable - restricted Total Incoming resources	2024 £ 58,561 3,989 2,726 5,135 16,610 2,442 18 ______ 89,481 200 89,681	2023 £ 58,730 8,397 8.713 5,389 4.850 6,584 1,219 _____ 93,882 89 93,971

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

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4. RESOURCES EXPENDED
	2024	2023
Raising funds:	£	£
Cost of goods sold	3,200	8,048
Tea Bar costs	63	12,067
	-------	--------
	3,263	20,115
Charitable activities
Meetings, events and seminar expenses	595	2,525
Support costs:
Utilities	10,641	12,856
Insurance	2,787	2,402
Professional Fees	-	2,919
Printing & Stationer	129	56
General Expenses & office costs	5,075	5,446
Governance costs	1,200	1,200
	______	_____
Total cost of charitable activities	20,427	27,404
Depreciation of Freehold buildings	41,736	41,736
Depreciation of Fixtures and Equipment	5,299	6,581
	______	______
Total cost of charitable activities	70,725	95,836
5. GOVERNANCE COSTS
	2024	2023
	£	£
Independent Examiner’s Fee	1,200	1,200
6 TRUSTEES’ REMUNERATION
The trustees are not remunerated and no expenses were claimed by the trustees		during the y
.
7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Prepayment Gift Aid recoverable 8. CASH AT BANK Cash in hand Cash at Bank- Current account Cash at Bank- Savings account	2024 £ 2,328 5,135 7,463 2024 £ 200 , 10,159 77,506 87,865	2023 £ 100 5,436 5,536 2023 £ 200 59,697 2,241 62,138

CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2024

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_____________

9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR	9.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
	2024	2023
	£	£
Accruals	1,317	1,200
10.LOANS
	2024	2023
	£	£
Loans to assist with the purchase of a building for use by the charity	57.480	94,480
The above loans have been provided by supporters of the charity on an interest free basis. No
repayment terms have been fixed as this will be mutually decided and	applied at the appropriate
date.

11. RESTRICTED FUNDS 2024 £ BUILDING FUND At beginning of year 43,036 Net interest in year 89 Depreciation of buildings and Fixtures & Equipment for year (48,317) Transfer from unrestricted funds 5,192 At end of year -	2023 £ 43,036 89 (48,317) 5,192 -

12. CONTROL

The charitable company was controlled during the year by the board of directors/trustees.

13. RELATED PARTIES TRANSACTIONS

Donations were received from the Trustees during the year. Apart from this there were no other related parties transactions during the year.

14. EMPLOYEES

The charity did not have any employees during the period under review