REGISTERED COMPANY NUMBEK. 07035527 (England and Walès) REGISTERED CHARITY NUMBER: 1141098 forth• Yw Ended 31 IAarch 2024 2-8 Orld Ro1 LTverFt4)1 L20 7EP
Pagoda Arts Contènts of FinanclaI Statèmènis for the Year Ended 31 March 2024 Pag• Report ofth• Trustee 1 to 7 Independenl Examinees Rwrt ststement of Flnancial Aetivil Balance Sheet 10 Nots$ to the Flnanclal Statemènts 11 to 16 Detall8d Statement of Financtat A¢llvlli 17
Pagoda Arts Report of the Trustees forthe Year Ended 31 Mareh 2024 Pagoda Arts stands as a tt hub for Cht)w (xjkure. based in Liv1. UK. As a Laritabb8 fDrce, Pagoda Arts Sè8rnles8ly integrates tradltiwal and contemporary Chin&%e arts. spanning mus. dance, o)mmunity engagernenl, and health and wellbeing. Thls enrithe8 LweTFth& euknral fa by [vering communitse5 thTough dynamic wkshops, Parforman. and educalOn programs. Beyond (XIra1 enrIchn[ Pag(xl8 Arts eLtively addrès soc1 challeng85, tang a stance against tssue5 suth as hats ¢rime5 aTrJ CampaJnIng the injustice of the forced deportalon of GneSe seafarers after Worfd War 11. This annu repDrt undersctsres Pa9oda Arts, unwavering commitment to muraI dNer. edutstion, and Is pfvotsl rde in fosteri unlty c4ptivatir¥J taSty of Ctrunese arts. OBJECTIVES AND ACMVITIES Oblectivas and aims Pagoda Arts had a remarkable year from hpnl 2023 lo M8JdJ 2024. transformative p¥ograms that engaged over 166,871 partl¢lpants Liverpoofs CUMUr leadership locdty and globdty. Th5s year. th6 40th anniversary of the Pagoda Cmlnèse Youlh (hchestra IPCYOI ebrated decades of dedtion to promoting Chinese mC and heritage while nurturfng ernerging talent. The organisalton continu&J to devate ils ojnmunty engagement through groundlKealir¥J co Ilatrmtions. intemalay1 reccgnthn. arml irnpactful cJJItur initiatNes. Publie benefit In respwg9 to a concemlng s(xm affecThJ w 50 Chinese4peaklng famil9 auoss LNerFwl. Manchester, Yorkshir8. and London. Pag(Kla Arts IPA) tcxjk measures io pport the CrMunty. Disgnjnlled members reached out to PA vkq Wechat for assk81ance. PA Fwompty engaged wth th• wlKe. frdcilitating communication for those faarrfJ languag6 bthers through Wechat. ReguL4r upjates were pThided, and pollcèfimmigration surg•rie5 were organised to wo¥Ade a Injsted space for dialcgue. PA actively worked to addres5 the scam's aftemath, ass05ting familles who collectfvaly lost nearly £1.000 to tra. Many of Ih8 faMES alg) faced profound urKertairity 8rdIng their immigration status as a result of the seam. BUding on their pK4emic-related ini118tives, PA transmp)d from hosling COVID elirtics to broad•r health Cllnks, supporting 418 indlvlduds. Addibonally. PA maintained their Ixjmmitment to ongoing tt)mmunNy support by a$sng Kim Johnson an d advwatiThJ for the thiklren ofseafarèts left behind since 1945. This comprehensNe approath hpJhfjghts PA% ththcalw)n to wornotsng Elkt*kng. Serity, and r8sili&nce in the ofgnI2nt challenge8. Page 1
Pagoda Arts Roport of the Trustees for the Year Ended 31 Mar¢h 2024 ACHIEVEMEpif ANO PERFORMANCE charitab acttvities Key Achievements Triple Global RecognHion at the Global Chines• Spring Fest11 Gala 2024 Pagoda Arts athieved a remarkab mliestone ty being hd al the pTeStigus Globd Chine8e Sprtng Fesdval Gala 2024, with the followiry acmiades: 1. a Lan Llao (pag ChEf ExeaJtNe Offl(w) Chlnese Role Model - 2023 Outstanding F•mal• for har axtraordinary contnbutions as a leader aThJ (JJlluraI ambassador. 2. Tlan Qryi Chlnese Rde Mc¢Jel - 2023 Musle Achievement Award in of thr artistic 8xlIanCe and 3. Pawda Arts- Leader of the F]eld, hjhhting its rcle as an infl[w force in Fvomoting Chine8e art3 and fostering ¢ommunity develOpmL Thesè awards undersccfe Pa Arls, reojgnluon Its exCep1al c4JntrfouOons to arts and ryJlbJre on an intem0On3r s(xIe. Additional Notable Achlè¥ementS A rnusc sbjdent from Pag(Kla Arts receNed Ihe sIr Prize In the UK Intsm•tional Music Competltlon. $howcasing the excepllon& talent nurtured wthin the organisatil. ' Over 90•h of the muslc aptitie studgnts successfvlty paswj thefir music theory examinations. Vth a few athiewng top 10 marks, enabliTrJ them to quJify fo r their prefeffed secoJKlary SdiS Ihrovgh comrkbtwe music ts5ent programs. 40th Anniversary Program The 41)th anniversary of PCYO wgs marked with four &AtUre cel&LrdtirxkS: 1. Celebratlon of Generations: Highllghted intergenerationd collabn through atumrl and Jt rnembers. A commksOn pe lor fyjzheng. Oboe and Chinese perc#Js&on by lan Stephens. resident 81 PhIlharMn 0e$la. who was commissioned the Oxtail Dahu and guzheThJ conrt0 In 28. 2. Celebration of Legacy". PCYO revi the legacy abum Chinese Dub repert(Mres. and Ferfom)ed vAth Jah Wot4)le. Tian 01 who was the youngest TTTembers back in 2008. ined the perforn)are as w8ll Perfo some of Ihelr debuts aijums, whith was later awarded Top oflhe Wc*1d' by Songlin8 Magarine. 3. Celebration of Frf•ndship: PCYO loin the Uver¥K)ol WeL8h again. ar rèvisited the (ommissltsnad pwe 'Chery Blossom. by Charfle Wardle IPCYO alumni) in 2018. In this perfomian¢>. PCYO and the (knirakn rf(Med a traditiond Welsh song. 4. SEA Festlval: This year, the SEA Festival. in ils second ethtion. East and Scrtrthèast Astan heritage Ihrough musl perforMarK, and communty eng4gemenL The ent pather wlh Inwne BamLNx) is EVerhere, pronN)Ilng sustnabIlIty and tre resilie of bamLw. Emerglng Young Artists Program Pagoda Arts continued lo provide platforms for yng talent through its Imaging Bamboo Is Everywh•r• prcgram. offering OFPOrtunili8s for nauonal and IntemalxxJ81 ex4NMir8.' International Collaborations.. Worked wtth 2 intemaflonal arfists and 26 nallonal artE8ts. frjsterfng creatfve exchange arml dwerse artistic expressions. CornmLsSYn$ & Creations.. Commissk)n8d I new muslc Clp0S1110n and suprtl the Crea1k of 10 n&w ple8 of musk by emerglng youThJ aTti5ts. S1bThaSjn9 lhr 9rffing tsknts.
Pag¢)da Arts Roport of the Trustees forthe Year Ended 31 March 2024 PCYO'S Growth: Tha Pagoda Chinese Youth Orcheth IPCYOI karwj arKI 6 new sonys. expandfng Iho5r repire and anhoncry tlT perfmnc6 Intèmational Artist Collaborntlon and New Musrc Cyeatior In Chinese New Year 2024. Pagoda fadlitated a collaboration wEth two intgrnational artlsts from Shanghai. whlch lad to the creation of 3 new pl8e•s of muslc. ThE ¢Ikt)ratiOn r¥)t onty showc8sed the blending ol tradltlonal Chlnese instruments conlemwary Se$ iKJt $0 eTnphasised the IMplanCe of cultural exchange and h)novalK)n. Thg three pEces were perftsTm during the Chinese New Yéar cdebrations. marKng a gnIfIcant miksi(x)8 in Pagoda Arts. oThJoiThJ efforts to foster gbbal artisiK collaborakn5 arxl promote Chinese cutture Aitemationally. Inlornatlonal and Lal Collabora16on$ Pagoda Arts, Olab9[¥10[5 expanded thrs year. enrlthitvj rf3 Fryrdrnrning and c£MectiNJ wlh renowned mustaans and organisations.. Partnered with Jah Wobble Invaders of the Heari Liverpool Welsh Choral. BBC PhllharnThlc Orchestra musicians. and Hall• musicians. CA1n1)uting to a array of music projects and perforrT]anc95. Continued working wlth 15 schools acloss Ihe ddiverwKJ educati1 programs and workshops that f(6tered cTrativSty and ltUr exchaTrJ&. Summary ot Total Sessions and partIPation (Awil 2023- March 2024) Regular Weekly Classes and Workshops: These regular SlOnS Indje weekjy arts s1 oJltsJv das5es ar¥J workshops wlth 140 attendanc•s. Th6s6 attendees ar& regularly 9[ged in acbwties suth as Chinese musio dance, Tai Chl. and nv)re. "The centre Is wld•ly used. with paltapants C(iStentty eroaging kn Multip a¢tivitses every wee Communlty Eng•gement Sesslons {on)ff Outreath ActlvStl•s): Pagoda Arts aLs0 ddivered one4)ff outreath activities that reached 144.160 participants. Th058 include perfonnances and s¢hool works1&. where In(fNiduals attended speafic events or èducational programs on a one-m• basis. Pagoda Chinese Youth Oreh•stra (PCYO): 166 sesslons were o)nducted, wth 5,058 attelars. the djt)n and cxjmrnitmenl of orchestra mernber8 in leaming and p8rforrning. Pltystheme: Delered 78 sesslon8. wlth 2.533 attendaw. proVJj wthive c¥eabve (4)FKJrtunitie5 for chikIn akNI youth during school holldays. Total Illeekty Usage The totsl weekty usage at Paw Arts underscores the centre's rde as a Vint and essentlal community hub. With average 276 instances of partIciOfi •aeh week. Ihe tre demonstrates widespr8ad engagement and onwiw participatkjn ¥¢ro&s Tts diverse pr(KJtsrn5. This Ule highlights th& broad wnpacl of Pagoda Arts. slw8sing how attendees a¢ts"vdy engage tn Mup18 athTb88 weekty. It n(orS the wisation's vital rcAe as a k•y c£tllur81 8nd educational resource, enrithing the ojmmunity th rough ts tynamic and ind12Stve offeriry. Pe3
Pagoda Arts Roport olthe Tn5Stees lor the Y•ar Ended 31 Mar¢h 2024 So¢l41 Impact Communty Ertgagement and Capacty Bulldlng: Pogoda Arts made a significant irnpacl across tho ¢i¥nmur¥ty by dejivering a wid8 ge of oJlbJrd. educallal, aTrJ wellbelng SeSBK)nB that directty bgn•llted irwJtvtdu and groups from dfvee b8¢kgtt1rwJs. HyJhlights Indude: Employment and Volunteerfng: Pagoda Arts supported 64 s. cyynprlshg 6 staff memb8rs and 58 freelanc8 ffj19S, ranging from YOUNJ art15ts lo seasthY8d wofessionals and L¥eatlv85 from UV8C. 8¢x058 the UK aThJ intemationally. Addltk)nally, 143 volunieers contribrthed 7.521 houTr. sjgnrfnrfY enh8nung the organisotKn's ¢apacty to delivar Its drver3e programmos and serwc8s. Vdunleer contrlbutms induded tacalitallrKJ T81 Chi, dance, kèrboke, and Qlpao-maklng dosses. preparirrfJ s¢h¢ol h)liday m&aLs. and prodIa wtal CorTwnUr support, IndLKllng 8sSnce wilh scam and fraud cas8s. Vol(tnteers 80 played an ewnll81 rD In supporung workshops. events and p8rformance8. parttculartry by kN)klng after th 8 cNlthn aTKJ ywng people ICYPI Nged In thes• athvllbs. Chlldrèn and Youth Engag•m?ntr. Pagoda Art8 1ndUCted 10 schocl workshq)s, reachlng ¢hldren, ed¢JcalcA8. ond communlty groups. Sessy)ns fostored c¥ealMty 8nd Irbyuskn. 956 young att•nd••• b&nafflllng from these Initfatfve8. H••lth and W•llbolng.' A Plllar olsuppNt In the 2023.2024 porfod, P&Joda Arts provided 718 IMtanc•• of •upport, 0t¥j vitsf serytces to In¢JWuals and famil8 laclng challeroes reLqied to Fwl¢h, welb8b¥. and ac£e88 to e8Senti resoLrn. Key hlghlhts Include.. 1. 345 Drop4n Communlty Supportj The drop4n sessions addre$$ ¢ritical gaps fe< vkno fac¢ Egrww torrlern. ensurfng ac¢e88 to service$ such 8$ leg81 Bld, welfare appllcalions, a1 supF These sassions prowde cujiurdly sensttlve guidance In a trusted empmrtng InddUd6 to navtyJate eomplex systèms cA)nrence. 2. 40 Tralnlnq and Capaelty4ullding 8•uJon• The3e Se8540 In¢JvkJuals LwmmuThty merTws bulkj 8kiKs and re51118. fosterfng lontsnn wellbtrlng and se5frfeanc8. 3. 136 B•n•fft Surgerl Pagoda Arts as5i5ted communlty In accesgng lknanrid supwt. ensurlng that kndlv1du$ aTra famitses Uh1 overcome bure8ucrgtic hurdle8 and accèss wdfaro 88rvi to thelr 4. 155 Health Con¥ultsllons arHI Cllnks By lacllilaliThJ health consultath)ns. P3ja Arts en&)18d 418 to acces$ 0$8enlJal heallhc4re servke8, In¢lu¢Jirtg adwce. referrds. and direcl medlcal SUkwL These 8gNices address both Physic aThJ rnent heatth (knDws. rmlbxlarfy for K1lua18 h8*lant to engage wilh manstrg8m Wlhcare due to cuthl or language bwriers. 5. 18 Pollc• Surg¢rl•¥ Pagc¥Ja Arts collabordted wllh law l0ment lo bulld trLtst prAde ess8nllg1 tnforrnatic kj Indtmduals affeded by scams, hate crfm8s, or other legal d)8llenges. 6. 24 Immigratlon Caje Comultations Immi9r8tlon surgeries offereil trilical asststancè to 1TrJvua[S c<mplgx W SYstn8. on8urfng they rec£tvod the support aThJ 9UTL1ance needed to address their cases.
Pagoda Art5 Report of the Truste•s for tho Year Endod 3114lar¢h 2024 Cuttural Outroach and Intègratlon Pthjoila Arts, commilmenl to mO1jng [JEa1 dety aThJ iidLLsNty Is evident in Ihe extensNe ctMmL[ty otjtreach acUviti88 conduc. [rn perfOMan tr) worksFKps. festivals, and internaUonal (x)IW)ordtions. Pagoda Arts continue8 to ptay a role tn c¥eating a F4atfomi for marginalised voi(w and fosterirKJ a $ense of bek)nging att055 vp(K)I and beyd. So¢ial Medla Ree•ption ol Jr em8rging ywng arbsts prc9ramme. Twn Ouec have re1Ved desPread acclain7 on sodal medi?, wlth listsners praising their mu$1¢ a8 ly)th souwul and (xplNating. Comments such as, "I could listen to th&m all day musle for the soul" highllghl the emotional depth and cutbjral resonance of Iheir unique end of modem infiuences with traditional Chinese sounds. Their music has made a prDfThy impacl read)ing audiences across th8 globe, Induding in the US& Austr¥fia end Europg. fixlheT SIV•KaTrj ¥Jra1 and arttth s[9ncance of Payca Arts. pn)gr4ms. Crynmitment to Excellence The scale af the 40th annNers8ry rlebralions and th8 unexpected gfvjb recognition ttwwgh awth win5 in China highlighl Pagoda Arts. commitment io wltural excellen. HI)ver, these Milest83 came with finandal dwllenges. resuln9 in a defidt for the 202&2024 riod. This rellects Ihe organBation's unwavering dedkatK)n tr) ddiveri transformalNe pramS and athieyiro Intemalton81 thiM. even In the face of rèsource constraints. Strateg Measu are ncw betiig IM&manted lo ensure erM financial sustainabilty. Looklng Ah& Strategi¢ Fyans for 2022025 FolTowing the extensive crease in staffing and fTee1am &tsis duitng Ihe 40[in1Vrsary celebraticffts. Pagoda Arts Wtll Iransitron back to 8 Streamlin core team of 4-5 staff memtrs to er¢3ure OF¢rafjonal 8ffiriency and long-tèrm sustsinability. This strategic rriove 811DVts the organisalK)n to f(AWS ros¢JJrces on rfs key obje¢tNgs maintaning thè high standard5 of ils programs. Strat8gK prforibes forthe up¢x>rning year indude: l. Enhanced Year41ound Prtyr4mming: Strèngthening youth engagement inillative4 ¢utttJrJ exChe prDJrarr, Ibeing kshO[6 to continue seNing th8 (x)mmunity effectwety. indudes pkns for fuThYraigng cawavJns and seekirKJ &1drftL¥1 grants o)rporate sFyJnsorships to supwl a1 gxpand our wograms. 2. Expandlng Cthath anql Partklpatlw: Aiming for a 15% inuease in tipation by devebtty rmv sthTr)I tthrships. 4[al)raurj wilh inlematronal artists. and tmdening engagement opp(¥iunities. 3. Pr•paring for Pagoda Centre Ownershlp: rllisiru the potential of Ihe Pagoda Centre Ès a rA)mnyJnty resource by expkNthg suwnable pradcBS, dfverdfying fundlng strearns aThJ enh"rIg its m(e as a hub for arJ &Jucaik)nal a¢thUes. 4. Nurturlng Emerglng Artlsts: Continuing to provide plaffom fr)r taknt through menth. cmiO, and Fknnlx opportUne$. fosteriro ueatNe grtrwth and arbsltc Inrtr)valion. Thi8 approach ensuw Ihat PagcKla Arts conti1 b) op8re effe(kndy whlk Se(X[ng finandal stability for the 2024-2025 yw and We extend ¢)ur skncere gratitud8 to Arts Counal England. FWF. LNerF*)d Cumural Company. MPAC. and our incredlbJ& volunteers. Theli supwrt has been in51rLmerrt31 in our success. T(NJ8ther. we locA( fomard to enriching Ilves thrOJh the transfomative F¥Mr ofarL8. wlture, aThJ o)nNnu wwagwnent foryears tr) ¢xJme. P•Je S
Pagoda Arts Report ofthe Truste¢s for tho Year End¢d 31 March 2024 FINANCIAL REVtEW Re¥¥rves policy The trustees havg Sel a reserves bawj the requyement of rètsNiing ihe gwfvatent of at 18aBt 6 months Nnning costs in general reserves. The opumum ran90 is consldered to between £60.000 to £85,WO. Thè current goneral fund posilion. 9xdudlrrfJ designabj fuThJs. meets the requirements ofth& policy. Tho tru¥lee5 have sepaiatsty set asKJe a djnaIe bulkllrwj fvnd, amounlrwj to £200,LK#J. Thè bulklng Ihal th8 Charity operates from. ks duo to bo transferred by its estty (r%Trers to the Charity In the next financial year. Oncè the transfer has eompleted. the Charfty ¥11 b0m8 reSp)nb for some overdua rep85rs and malnt8nanc¥ to the bulldlng. Thg fund balance repres¢nts the farr vdue ofw)Tks requwed. STRUCTUR& GOVERNANCE AND MANAGEMENT Gov•rnlng document The charily is controlled by tts govemtng doeJJmonL a dowj of trusL WKI omtitutes a linuted canp8ny, Ilmw by guarnnlee, as defi by th& Comparxes f+A 2006. Reser4V•S polley Thè deslgnation of £200.000 bulkling fund vlll be ring fenced to bè sponl th8 asset bsfer haB taken place. Al that timè, Pagoda Arts wll bo for the njnniro cftsts And rnalnten8r of tho Lwlkllng. The rernalnlng resww wlll L7)ver 6 months of staff wagg$ ?1 pr¢t ¢03t& REFERENCE ANO AOMINISTRATIVE DETAIL3 Regl$ter•d Company numbgr 07035527 IErvJland and e8) R•9l8tornd Chwlty numlJ•r 1141098 Roglstered offl¢• Chinese Youth And Communlty Centro Henry Street Lfverpool Mersoy3ide L1 SBU Trustees l Flsher {r881e 1.1224) Z L Liao Ireslgned 25.2.241 S MR¢hell Hum Cwwong P Traynor L F Itey {regned 12.12.241 A McGowan Ir8slgn8d 12.12.24} A ReyndS {appc4nted 12.72.24) K Sing lappolnied 12.12.241 P Wong (appointed 12.12.241 T Maharaj lappolnted 12.12.241 Independent Examinor SB&P Chartered Accountsnts ortèl House 24 Ori81 Road Boot verpo 8rsèysld& L20 7EP and *ned on tts by. Page 6
Report ofth• Tntste•s for th• Yw End•d 31 March 2024 S i4itchdl- Trustee
Independent Examinerfs Reportto thg Trustees of Payoda Arts Independent examlnerfs report to the trustees of Pagoda Arts fthe Companv) I report to the charity IteeS on nyy examination of Ihe actounts of the Comparry for ts year ended 31 Marth 2024. R•sponsibilities and basls of rnport the charills tnjstees of the Company land alw iLs diTectors for the purposes of company lawl you are regponslble for tho preparation of the a(¥thnts in acrdanCe with Ihe requtr¢m8nts of Ihe cmpanieS Act 2006 flhe 2(MX Adl. Havtng satisfied that Ihe aClUnts of Ihe Company not rthwired to be audrf(ed uThJ8r Part 16 of the 2006 Act and diglbb for independent exgminatK)rk. l TeFWJt In resFQrt of my examination of your charity$ a¢Unts as carried out under Sectifx) 145 of the Charities Act 2011 cthe 2011 ACVI. In carrwry wl my examinat I h8v& followed lh8 Directions glven by the Charity Commisth under Secon 145{5} (bl of the 2011 Independent examinerfs statement I have completed my ex8mination. l th IK) have o)me to my attention in conneth.on with the examlnathjn giwng me Cstr to Ve. aCcounng rèts)rd8 were not k•pt in respect ofthe as wued by Serc 386 oftho 2006 Act.. c tho accounts do rt aw)rd with Ihosè re¢oTds', or (he accc4Jnts (Its not comply ¥%ith the 8cc(NJnfyng wUJrnents of Sedion of the 2006 Act other than any requlrement that Ihe 8(wunts gNe a trLte and fair view not a matter ry)nsidered as part of an independent examination- or the accx)unts have not ten rxepared in &cordanrx fhe methc#Js and pri7es of the Statement of Recornmended Prackn for a¢(xJ(Jnling and TeF¥)rfjn9 by charities laOicable to ¢h8rities preparirvJ IheSr acujunts in ac#xrdance with the Finamyal Rep( Slandanl applKaNe in the UK and Rewblic of Irejand IFRS 102)). I have no crncems an¢J have come ac¥rtss no c4lv rnalters in Ccne(l*M wih tho exwrrfnation lo whith attention shoLld bè drawn in this in order to enable a PW>Of uThYetslan(fjrrfJ ofthe aco)unts to ree Suzanne DrawrACA FCCA S8&P Charter&l Ac¢z•untants Orid House 24 Orfel Road BooVe LrpCol MerseyEide L20 7EP PaJè 8
Pagoda Arts statement of Financial Actlvttlès forthe Year Ended 31 Marth 2024 31.3.24 Total fund 31.3.23 To funds fvnds fuThJs INCOME AND ENDOl•llMENTS FROM Donations, 9fdllts atKI legac4es 157 1B3,841 167.419 Investment IrKomo 5.419 S,419 352 Total 31A12 157.848 189.260 167.T71 EXPENDrruRE ON Charftable actlvltlos Youth Projects 181279 213,983 161.315 NET INCOmEIIEXPENDURE> (1292) (23A31 } 124.7231 6.456 RECONCIUAllON OF FUNDS Totsl funds bToughtfoThvard 23.431 353,914 347,458 TOTAL FUNDS CARRIED FORWARD 329.191 329,191 353.914
Pagoda Arts Balance Sh••t 31 March 2024 31J.24 31.3.23 Total Jnds fun¢ts fvndB FIXED ASSETS Tangible assets 7.917 7?17 9.736 CURRENT $SEr5 Debiors Cash at bank and in hand 18.844 310,960 18.844 310.960 18,271 345,248 329.804 329,804 363.519 CREDITORS Amounts faUiThJ due vAthln one year (8.5301 14S30) 119,341) NET CURRENT ASSETS 321274 321.274 344,178 TOTAL ASSETS LESS CURRENT LIABILMES 329,191 329,191 353.914 NET ASSETS 329.191 329,191 353,914 FUNDS Unrestdc18d funds Restricted funds 10 329.191 330,483 23.431 TOTAL FUNOS 329.191 353,914 The chaAiable ccnpany 18 enltlled to ex8Mp1k frc¥n atrfrt (knJer Secbon 4TT of Ihe CCffnpan A£t 2LI)6 the year ended 31 March 224. The mmr$ have not r8quwgd the company to obtain an alIt of Sts filwl statements for the year endèd 31 March 2024 In a(yx)rdance Section 476 of the Comp8nEs Acl 2. Tha trustees &knOmrf9e trir resFK)nb1IltIes far {al ensuring that the d18ritable o)mpany key a(#xnth rwxxds Ihal c4)mp wllh SedTons 386 and 387 of the Companies Act 2006 and prep8ring finandal statements 1¢h give a true and of Ihe state of affairs of the tharitable company 8S at the end of each finanaal year and of its ry)ruS OT deficit for 8at flnanoal year In a(rdan with the Tequirements of Secaions &J4 and 395 and Wh othÈrwi5e compty the requirements of the Companies Act 2C4)6 relathg to fina¥al stalerwts so tsr as applkat4e k) ts charitth company. Ibl These financial statem8nts have been prepargd n )rd with the provi%orn% 8ppJl¢able to tharitat companies subj8ct lo the Sm1 companles regime. The lthan¢wl statements were 8w)rov•Y ty Ihg Board of and authcrflsed for 188ue on .. and were stgnèd (m hs tehalf by. J/f&F S Mitchell- Tru8le8 The r$ fom) p1 ofthese slatennts Page 10
Pagoda Arts Notes to the Flnanelal StatemeT fol th• Yoar Endgd 31 PAareh 2024 ACCOUTrrnNG POUCIES asls of prgparing the financlal statements The Ilnanci stslements of the charitable ¢xKnpany, which i8 a public benefit entty under FRS 102, have been preparj In ordan[ wrfh the Charitses SORP IFRS 1W21 'AcctyJntiry and Reportiro by Ch15.. Statement of Recommended Pr4ctire applicable to charilrts wepaiing Ihetr a¢xounts in acroTdance with the Flnanctal Reporting Standard 4)pIle in the UK and R8PUtArc of Ireland IFRS 1()21 (effective 1 January 20191.. Financi Repordng Standard 102 The FinarJaI RewrtirvJ Standard applicable In the UK and Republte of Ireland. and the Companies Act 2006. The fmancial sta18merkts have been pr&pared under the historlcal cost convention. Income I Irtcom6 6 re¢(yJnised in the Statement of Financaal ACamt onct the charity has entillement kn th8 funds, il TS probable ttTrt the Ineome wll be receNed arnl Ihe amwnt can measuwl rdithy. Exp•nditure abilities are recognised as èxpenditure as S)ft a5 Ihere 15 a or (x)n5tru¢ANe obligatDn commitbng the charity lo Ihal expenditure. it Ls probable that a transfer of econornic beneffts wll t wuired in setllemenl and the arrnt of the obligation can bg m8awred rkly. Expenditijre is aw)unted for on an ac(xuals basis and has been dassffied under headings that aJgregate o)st related to the category. Where c()sts cannot be diredy attributed to pthcular headings they have been Jkxaled to aclmties on a basi8 consistent wth the usè of sOurC TangIb ff xed asryets Dopreuation Is wovided * thg foll(Ming arnU rates kn der to write off eath Set over its esMated usefvl Fixtures and fftlS Computer equlwnent 20% ort rIrrO bdance Taxation The ch¥rfty Is exempt from corpornuon tax on its dwtl2ble wjkntie Fund aUtIng Unresirtcted funds can b& u8ed In acC(K th8 tharitable oblecves al the di8L¥etion ofth8 trustees. Restricted funds can onty b8 used kn parf1& p)SeS thg Otiects of the d)arty. RestriclKThs arise whÉn SFeofied by the domror en fiJThJs pwttc#JLw restrict purwxs& Further oxplanation oflhe nalure and purpxtr of ch fund iq IrKakd In the rKles to the financ& 8tatements. INVESTMENT INCOME 31J.24 31.3.23 Deposlt acLount Inter8st 5,419 352 NEf INCOMEIIEXPENDITURE) Net {exp&)(rrtUr8l is stated aller ctrwg1@{c¥rtIDgl. 31J24 31.3ZJ Accoutrtarw and independ&tt exaMInat)n Depreclation. ¢Jwr*d 3,896 3.870 3.6(7 4,499 Page 11 fththnued...
Pa9oda Arts Notes to the Flnanelal Statements- contknued forthe Year Ended 31 matt 2024 TRUSTEEY REMUNERATION AND BENENTS There were no trustg8s' remuneration or other tn8fiL% f(¥ th& year end 31 Mard) 2024 nor for the year ended 31 March 2023. Trustses. gxpenses Thofy were trustees, èxp8iws p8td for Ihe year eIed 31 Marth 2024 Thjr tor thè yèar ended 31 March 2023. STAFF COSTS 31.324 31.323 Staff No emFloyags re¢xtved emc4Unts in eXS of£60,0. COMPARAT]VES FOR ThE STATEMETr OF FINANCIAL ACTivmES UnstrtsJ Restritd ftu)ds funds Total bjnds 114COME AND ENDObVMEKfs FROM Donations, grants and legacies 117.331 167,419 Investment income 352 Total 117.331 167,771 EXPENDITURE ON Charftable activltles Youth Projects 15,098 146.217 161,315 NET INCOMEI{EXPENDrruRE) Transfers belweèn funds 35.342 12.0971 (28,8861 2.097 8.456 Nèt movement In lunds 33245 126,789) 6.456 RECONCIUAnON OF FUNDS Total funds brought forward 297238 50220 347,458 TOTAL FUNDS CARRIED FORWARD 330.483 23,431 353.914 Page 12 linued...
Pagoda Arts Notes to the Flnanclal Stat•ments • continued for the Year Ended 31 Mah 2024 TANGIBLE FIXED ASSETS FTe$ and ttirvJs e4uipYnent Total$ COST At 1 Aprll 2cr23 Athrftons 4041 21,S99 2,051 2,051 Al 31 MaTch 2024 4041 23,650 DEPRECIATION Al 1 Apnl 2023 Clwge for year 1.180 751 14724 3,119 15.904 3.870 At 31 Marth 2024 1,931 17.843 19.774 NET BOOK VALUE Al 31 March 2024 1110 5.807 7,917 At 31 March 2023 2,861 6.875 9,736 DEBTORS: AMOUNTS FALLING DUEwmiiN ONE YEAR 313.24 31.323 Trade debtors Piepayffients and acc* irKx)m& 15.700 3.144 2,115 16,156 18,844 18,271 CREDITORS: AMOUNTS FALUNG DUE WtTHIN ONE YEAR 31.324 31.3.23 Trade tteditCY5 al serity herlaS Other rMtors AccruaL% dèfoThed iTh)Jrre 4.147 4.042 614 10.538 4130 3.780 8,530 19.341 Page13 ¢ontiThJed...
Pagoda Arts Notss to the Financial Stat•m•nts. continued for the Year Ended 31 March 2024 MOVEMENT IN FUNDS Net movement in funts At 31.3.24 At 1.4ZJ Unrnstricted fvnd$ General fund Building Fund (designated) 130.483 200.000 (1.2921 129,191 200.000 330.483 113921 329.191 Restrtcted funds Art Counal PH Floft Foundation Merseysidg PiqYsChne Comm(Lntty Champ 12AOD 207 7.194 1115011) 1207) (7,194) {3,5301 23,431 (23A311 TOTAL FUNDS 353814 {24.7231 329,191 Nel movem8nt Th) furKts. induded in Ihe at<we are as folt Incoming Resources Mov&m8nt in fun¢Js Unr5tricted fvnds GenerJ fund Pagcxja Centr8 40 years Celebrnt Project 28.121 129N13} {1.292) 3291 (3,2911 31A12 RestTlcted funts Art Counc¢l PH H¢AI Foundatlon LNerKKJoI City Counal Met)tsl Hea#h FUTh HAF Prograrnrne Merseyside PL4ysdErne Community Chatnpion IBIE. Liverpojl Cty Resion {317041 (1292) 4922 168A22) (207) 145251) 127,125) (7.194) 122.280) 110.800) {115001 12071 45251 Zl,125 IT.1941 13,5301 18,750 10.81k) 157 1181.279) 123,431) TOTAL FUNDS 189260 1213,983) (24,723) Page 14 continued...
Pagoda Arts Note5 to the Financlal Stat•m•nts. continued for the Year Ended 31 March 2024 10. MOVEMENf IN FUNDS- ¢ontinued Transfer5 tween funds nwjvement in funds At 1.422 31.3.23 Unrestricted funds General fund Building Fund Idesignatedl Pagoda C&tre 40 yèars Celebrat Proj& 38.146 12,0971 113.287 200.J0 12.804) 17.196 297238 35.342 {2.0971 330.483 Restrfctod funds Art Council PH Holt Foundatrjn LIverpcl Cty Ctyjndl Mental Heallh Fund er8eIde Playscheme Communty Ch8mp*)n Sea Uverpcd 11.216 276 19.5CKJ 9.928 12,500 207 (691 {19.5001 12.7341 15.7701 12.0971 7.194 3530 2,097 $0.220 128,8861 2,097 23,431 TOTAL FUNDS 347,458 6.456 353,914 Comparthe net movenEnt in inehjded in the above are as fcljows: In(x)ming Resryjrces Movement rfx expended In fuThls Unrestricted funds General fund Pag2 Centre 40 y8ar5 Ge[etath)n Project 15.294) 38.146 19.804) 12.8041 (15.098) 35.342 Restrfcted funds Art Counal PH Holt FouThJatlon Lwerpool City Cjnal Mental H1h FuThJ Merseyslde Pkyscheme Community Chary¥on Sea LwaryKK)I 46.767 (.483) 169) 132.000) 127.728) 130.7TO) 110.167) 1.284 1691 119.500) 12,7341 {5.770} 12.0971 12.51)J 24,994 25,0 8.070 117.331 1146.217) 128,8861 TOTAL FUNt)s 167.771 1161,315) 6.456 Ptyg 15 nllnued...
Pagoda Arts Notes to the nala1 Staternents. ¢ontinued for tha Y•at Endod 31 March 2024 11. RELATED PAry OISCLOSURES F88s and remuneratw)n amounting to £49.174 12023 £42,529) Ere pth to Z Lan 80 a directorltrustee of Pagoda Arts. The fees represent Ser wovkl8d to Ihe dwity. not cortngcled to her px)slUon as dwectorArusl. 11 RESTRICTED FUNDS rts Coun il En A grant award&J to the th&ity as a cxJntributKn t(mrrls runThng cctsts ofthè pa9 Chinese Y¢JJth Orce8tra. olt Foun A grant awarded to contribut¢ tthvard5 Ihe costcrfequi)mwrt pur(knes forthe Larity. 8r 00 Cou MewTt und Grdnts received in the yearto contiibute towa5 runnqw c<ts. ers side Aa A tron Councll Muknplè grants recewed frDtn MPAC and HAF pra[Tl to ¢))ntribut• tlhfdrd5 prc¥Jramme and vdunleer costs oftha witre5 fu hall tem •xl swnmer ac110$. Communit ion Grants reced the yw to contritxjte t¢Mards paYT costs. wr4ecl ca)sis aThJ lunter expenses. SEA Llver Donaltons red on beha of Hate Crime urMYI fvThling where Pagoda Arts was the sdectJ charity ts Ihe work carried oui in the local communty to hetp towarts sytyJu(ons c05 13. DESIGNATED FUND fun The purposè ofthi5 fvnd is to prgvKle for utwecw nwrterAnc8 and repalr¢x>sts ag arise. oda Centre 40 ration Pro The purpose tsf Ihis fund i8 to prowde f¢y exp c¥sls vthK for Ihè (*lÈbraUon of Pagodas 40th yearwlthin the (x)rY#nunty. Page 16
Pag¢)da Arts Delalkd Stat•mwrt of Financlal Athrti for th• Y•ar Ended 31 March 2024 31.3.24 31.3.23 INCOME AND ENDOWMENTS Donations, grants and18gacl•s Donations Grants Olh8r IoM8 1.093 149,047 33,701 15,953 120.710 30.756 183.841 167,419 Investment Ineom? Deposit accJJJnt internst 5.419 352 Total incomlry rKourcès 189.260 167,771 EXPENDITURE Char5table a¢tivities Wage5 Project cxysts Volunteer expertses Insurance Travel expenses Subsistènce Repair5 & Renewals Markeltng & Adverbsing Postage. Printing & Statto Telephone Subscriptions Legal & Professional Fixture5 and fftting$ dgpredaiK)n Cornpulef equipm8nt 95,818 51.844 10,325 1.555 25,192 82,856 32.477 9.627 1.609 11.082 2.825 3.369 5,484 1,138 2.103 947 {3261 1,156 3.342 6.066 751 3.119 0,080 157,689 Support Costs Flnanc• Bank charges 26 Governan costs Attountancy and iThJependènt examinticrfj 3.896 3.600 Total re50u5 exdj 213,983 161.31S Net l•xp•ndltureyincome (24723) 6.456 This page ¢kns not fomi part ofthe stabJ1 fmanra statnts Page 17