VIETNAM FINANCE ASSOCIATION INTERNATIONAL
Trustees' Annual Report
For the year ended 31 December 2021
1. Reference and administrative details
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Registered charity name: VIETNAM FINANCE ASSOCIATION INTERNATIONAL
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Charity number (England & Wales): 1165061
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Legal form: Charitable Incorporated Organisation (Association model)
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Registered/Principal address: 3012 NW 14th Ct, Ankeny, Iowa, USA
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Email: vfai.president@gmail.com
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Website: http://www.vfa-international.org/
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Financial year end: 31 December 2021
Trustees who served during the year
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Dr Truong Duong - Chair
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Dr Kien Cao Dinh - Trustee
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Dr Hai Tran - Trustee
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Dr Anh Tran - Trustee
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Dr Chau Trinh - Trustee
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Dr Au Truong - Trustee
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Dr Minh Nguyen - Trustee
2. Objectives and activities
Objects (summary): To advance education in finance and economics, particularly those of Vietnam, including by promoting research for public benefit and publishing results, and by organising conferences, seminars and publications.
Public benefit:
The trustees confirm they have had regard to the Charity Commission's public-benefit guidance in planning the charity's activities.
Activities and achievements in the year:
There were no activities during the financial year to 31 December 2021. The trustees focused on governance and planning for future programmes.
3. Financial review
Income in the year: GBP 0
Expenditure in the year: GBP 0
Cash at bank at year-end: GBP 0
Reserves policy: Given the current scale and nil activity, the trustees have not set a formal reserves policy; this will be established once operations recommence.
4. Structure, governance and management
The charity is a Charitable Incorporated Organisation (Association). Trustees are responsible for the overall governance and may appoint new trustees in accordance with the governing document. Day-to-day management is undertaken by the trustees. Given the nil activity, the trustees consider the principal risks to be low at present and will maintain proportionate controls, including conflict-of-interest declarations and dual authorisation for payments when activity restarts.
5. Plans for future periods
Subject to resources, the charity intends to deliver its objects through research activities, conferences and seminars, and the publication of academic work in the area of finance and economics related to Vietnam.
Approved by the trustees on 05 January 2022 and signed on their behalf by:
Truong Duong
Truong Duong, Chair
VIETNAM FINANCE ASSOCIATION INTERNATIONAL
Receipts and Payments Accounts (Receipts and Payments basis)
For the year ended 31 December 2021
Receipts
Donations and legacies ............................................. GBP 0 Charitable activities .............................................. GBP 0 Other receipts ..................................................... GBP 0 Total receipts ....................................................... GBP 0
Payments Charitable activities .............................................. GBP 0 Support/administration costs ....................................... GBP 0 Governance costs ................................................... GBP 0 Total payments ....................................................... GBP 0 Net receipts/(payments) .............................................. GBP 0
Cash funds Cash at bank and in hand at start of year .......................... GBP 0 Net change in cash in the year ..................................... GBP 0 Cash at bank and in hand at end of year ............................ GBP 0
Statement of assets and liabilities at 31 December 2021 Cash assets:
Bank current account ............................................. GBP 0
Other monetary assets .............................................. GBP 0
Non-monetary assets for charity's own use .......................... GBP 0
Liabilities (amounts owed) ......................................... GBP 0
Funds
Nature of funds at year-end: Unrestricted GBP 0; Restricted GBP 0.
Accounting basis
These accounts have been prepared on the receipts-and-payments basis, in accordance with the Charities Act 2011 and relevant guidance for small charities.
Independent scrutiny
Not required for this year on the basis of nil activity and low income. If the charity exceeds the statutory thresholds in future years, an independent examination or audit will be arranged.