2023-09-30-accounts - Tian Yu Association International

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Charity No. 1173510

Company No. 09198457

Trustees' Report and Unaudited Accounts

30 September 2023

Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL Contents

	Pages
Trustees' Annual Report	2 to 2
Independent Examiner's Report	3 to 3
Statement of Financial Activities	4 to 4
Summary Income and Expenditure Account	5 to 5
Balance Sheet	6 to 6
Notes to the Accounts	7 to 13
Detailed Statement of Financial Activities	14 to 15

Page 1

Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL Trustees Annual Report

The trustees, who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the unaudited financial statements of the charity for the year ended 30 September 2023.

REFERENCE AND ADMINISTRATIVE DETAILS

Company No. 09198457

Charity No. 1173510

Principal Office

49 Natal Road Cambridge CB1 3NY

Registered Office

49 Natal Road

Cambridge CB1 3NY

Directors and Trustees

The Directors of the charitable company are its Trustees for the purposes of charity law. The following Directors and Trustees served during the year:

G. Chen

L. Shao

R. Shu

X. Wang

Accountants

Apex Accountants & Tax Advisors Ltd

576 Limes Ave

Chigwell IG7 5NT

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

The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordance with the Charities SORP (FRS 102).

Signed on behalf of the board

X. Wang Trustee 30 September 2023

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL Independent Examiners Report

Independent Examiner's Report to the trustees of TIAN YU ASSOCIATION INTERNATIONAL

I report to the charity trustees on my examination of the financial statements of TIAN YU ASSOCIATION INTERNATIONAL for the year ended 30 September 2023.

Responsibilities and basis of report

As the charity's trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 ('the 2006 Act.

Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of , which is one of the listed bodies.

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe:

accounting records were not kept in accordance with section 386 of the 2006 Act ; or
the financial statements do not accord with those records; or
the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Apex Accountants & Tax Advisors Ltd 576 Limes Ave Chigwell

IG7 5NT

30 September 2023

Page 3

Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL Statement of Financial Activities

for the year ended 30 September 2023

Unrestricted funds 2023 £ 6,088 6,045 2,475,251 981,982	Total funds 2023 £ 6,088 6,045 2,475,251 981,982	Total funds 2022 £ 94,067 - - 1,668,533
3,469,366 3,458,344	3,469,366 3,458,344	1,762,600 1,468,379
3,458,344 -	3,458,344 -	1,468,379 -
11,022 -	11,022 -	294,221
11,022	11,022	294,221
11,022 294,875	11,022 294,875	294,221 654
305,897	305,897	294,875

Page 4

Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS TIAN YU ASSOCIATION INTERNATIONAL Summary Income and Expenditure Account

for the year ended 30 September 2023

Income Gross income for the year Expenditure Depreciation and charges for impairment of fixed assets Total expenditure for the year Net income before tax for the year Net income for the year	2023 £ 3,469,366 3,469,366 3,458,198 146 3,458,344 11,022 11,022	2022 £ 1,762,600
		1,762,600
		1,468,343 37
		1,468,380
		294,220
		294,220

Page 5

Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Balance Sheet

at 30 September 2023

Company No. 09198457 Notes 2023 £ Fixed assets Tangible assets 10 - - Current assets Cash at bank and in hand 175,436 535,436 Creditors:Amount falling due within one year 11 (229,539) Net current assets 305,897 Total assets less current liabilities 305,897 Net assets excluding pension asset or liability 305,897 Total net assets 305,897 The funds of the charity Restricted funds 12 Unrestricted funds 12 General funds 11,022 Designated funds 294,875 305,897 Reserves 12 Total funds 305,897	2022 £ 146
	146 549,546
	549,546 (254,817)
	294,729 294,875
	294,875
	294,875
	- 294,875
	294,875
	294,875

These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

For the year ended 30 September 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

Approved by the board on 30 September 2023

And signed on its behalf by:

X. Wang Trustee 30 September 2023

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

for the year ended 30 September 2023

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

2 Company status

The company is a private company limited by guarantee and consequently does not have share capital.

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

3 Income from donations and legacies

4 Income from charitable activities 5 Income from other trading activities 6 Other income	Unrestricted £ 6,088 - 6,088 Unrestricted £ 6,045 6,045 Unrestricted £ 10,307 101,931 2,363,013 2,475,251 Unrestricted £ 10,844 971,138 981,982	Total 2023 £ 6,088 - 6,088 Total 2023 £ 6,045 6,045 Total 2023 £ 10,307 101,931 2,363,013 2,475,251 Total 2023 £ 10,844 971,138 981,982	Total 2022 £ 83,807 10,260
			94,067
			Total 2022 £ -
			-
			Total 2022 £ - - -
			-
			Total 2022 £ 5 1,668,528
			1,668,533

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

7 Other expenditure

Employee costs Motor and travel costs Premises costs Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets General administrative costs Legal and professional costs 8 Net income before transfers This is stated after charging: Depreciation of owned fixed assets 9 Staff costs No employee received emoluments in excess of £60,000. 10 Tangible fixed assets Cost or revaluation At 1 October 2022 At 30 September 2023 Depreciation and impairment At 1 October 2022 Depreciation charge for the year At 30 September 2023 Net book values At 30 September 2023 At 30 September 2022	Unrestricted £ 57,217 728 396,103 2,427,203 11,689 7,245 12,115 146 536,518 9,380 3,458,344 2023 £ 146	Total 2023 £ 57,217 728 396,103 2,427,203 11,689 7,245 12,115 146 536,518 9,380 3,458,344 £ 357 357 211 146 357 - 146	Total 2022 £ 59,696 4,976 1,145,230 166,119 13,776 17,938 7,837 37 42,544 10,226
			1,468,379
			2022 £ 37 £ 357
			357
			211 146
			357
			-
			146

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

11 Creditors:

2023 £ 296,051 (6,246) (62,570) 2,304 - 229,539 Incoming resources (including other gains/losses ) £ 3,469,366 - - 3,469,366 Unrestricted funds £ 130,461 130,461 At 1 October 2022 £	Resources expended £ (3,458,344) - - (3,458,344) Restricted funds £ 175,436 175,436 Cash flows £	2022 £ 255,001 - (2,489) 2,304 1
		254,817
		At 30 September 2023 £ 11,022 294,875
		294,875

		305,897
		Total £ 305,897
		305,897
		At 30 September 2023 £
549,546	(374,110)	175,436
549,546 (255,001) (255,001) 294,545	(374,110) (41,050) (41,050) (415,160)	175,436 (296,051)
		(296,051)
		(120,615)

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL

Notes to the Accounts

15 Related party disclosures

Controlling party

The company is limited by guarantee and has no share capital; thus no single party controls the company.

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS TIAN YU ASSOCIATION INTERNATIONAL Detailed Statement of Financial Activities

for the year ended 30 September 2023

Income and endowments from: Donations and legacies Charitable activities Other trading activities Other Total income and endowments Expenditure on: Other expenditure Employee costs Staff training Motor and travel costs Travel and subsistence Premises costs Rent Premises cleaning Premises insurances General administrative costs, including depreciation and amortisation Depreciation of	Unrestricted funds 2023 £ 6,088 - 6,088 6,045 6,045 10,307 101,931 2,363,013 2,475,251 10,844 971,138 981,982 3,469,366 57,217 728 396,103 2,427,203 2,881,251 11,689 11,689 7,245 7,245 11,295 820 - 12,115 146	Total funds 2023 £ 6,088 - 6,088 6,045 6,045 10,307 101,931 2,363,013 2,475,251 10,844 971,138 981,982 3,469,366 57,217 728 396,103 2,427,203 2,881,251 11,689 11,689 7,245 7,245 11,295 820 - 12,115 146	Total funds 2022 £ 83,807 10,260
			94,067
			-
			-
			- - -
			-
			5 1,668,528
			1,668,533
			1,762,600 59,696 4,976 1,145,230 166,119
			1,376,021
			13,776
			13,776
			17,938
			17,938
			4,626 - 3,211
			7,837
			37

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Zoho Sign Document ID: 4ACF30056-WYMKTZTYF0BAYWWNLLL3GF_EISEOS7OWWCAZR1XFSTS

TIAN YU ASSOCIATION INTERNATIONAL Detailed Statement of Financial Activities

Bank charges Equipment expensed Equipment leasing and hire charges General insurances Information and publications Postage and couriers Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Consultancy fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net income Net income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	596 83 490,804 3,870 44 34,030 6,932 37 - 122 536,664 3,300 6,080 - 9,380 3,458,344 3,458,344 - 11,022 11,022 - 11,022 294,875 305,897	596 83 490,804 3,870 44 34,030 6,932 37 - 122 536,664 3,300 6,080 - 9,380 3,458,344 3,458,344 - 11,022 11,022 - 11,022 294,875 305,897	391 222 833 1,808 240 1,275 - 3,880 33,872 23
			42,581
			3,450 - 6,776
			10,226

			1,468,379
			1,468,379 -
			294,221
			294,221 -
			294,221
			654
			294,875

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