## **COLCHESTER CHINESE ASSOCIATION** ## **REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS** **YEAR TO 30 APRIL 2025** **Registered Charity No: 1173523** ## **COLCHESTER CHINESE ASSOCIATION** ## **CONTENTS** ||Pages| |---|---| |Reference and administrative information|1| |Report of the trustees|2| |Independent examiner's report|3| |Statement of financial activities|4| |Balance sheet|5| |Notes to the financial statements|6-8| 1 ## **COLCHESTER CHINESE ASSOCIATION** ## **REFERENCE AND ADMINISTRATIVE INFORMATION 30 APRIL 2025** **Trustees:** Wing Fai Cheung Sze Choi Choi Peter Cheng **Principal address:** 1 & 3 Blomfield Place 25 St Botolph's Street Colchester Essex CO2 7EA **Registered Charity No:** 1173523 **Independent Examiner:** Lesley Frearson FCCA Frearson Business Support The Anchorage 81 Landermere Road Thorpe-le-Soken Essex CO16 0LW COLCHESTER CHINESE ASSOCIATION REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30 APRIL 2025 The tJust*s prewt tha'r rer#Jt with financial Of￿ charity for the ypar 30 2025. The trust￿5 have pr{Nisi￿ of kcountirmj RerDrtirKJ by Charili£s: Statement of R££ommeTrJed PTrctKe app1Kab￿ to chariti£s prepariTrJ tkH"r accounts in accol￿ance w￿th the nancial ReF¥Jt]r4J *TrJard appl￿￿ in ￿ UK aTrJ Rwbk cl IrelarKJ {FRS 102) {eff￿0ve l January 2015). Objectives and activities The purrose of t￿ ctkiiity as sd in its gC￿￿1r0 dC￿ff*rt is to arml assist in [￿visI of facilities for ￿l￿atIon. ￿re3b'on arbj othE¥ ￿l9jre ts'me C￿(Up3￿n of the inhabitants cl Cokhets atKI the sunDundirvJ areas, in particular txk nrt exdw4dy manbws of the Chinese communty, in the intwests of ￿ ￿laT welfare wth the cl)J£rt of imt¥oviro thÉy"r conditbon5 in life. Also to advance the education of the pubhc in Chinese laThJLgge. Iwrtaje. ojltue and aits induding th-ough woikshops armd ed￿3th)nal piDJramffEs. C*Jr main actNits& i￿*Jde a v31idy d £firKhment pl.￿￿m￿￿5 as cuknTrl [￿eb￿tK￿S. fvrKlTrkgr4J e#Ents, wdlness Clas￿ day (K￿r￿S ar¥J ￿r[h dub. Achieven*nt and perf0rnu￿e a￿[[ty s activitss were limrted to ts fcAkn*iThJ durirmj ttp year. provision cl Chinese LeamiThJ Centre wk¥th edwat& chikjren from 5 okl to ults; P¥0visi￿ of feth arKI cultu￿1 events for rrEmtH5 at a rwtht rate; Fina￿la1 review The charity has cCKnm[tt￿ to pay a C¢Msidw2tle rent of £24,CM)O ￿nurn the cents'e on a 15 year lease and ￿(elveS a varw of incorrE ￿urCeS as shcwn in the to CO¥Er o%Ytheats arNJ secure future runniro of the centre. I￿Orr￿ decreas&1 ow the wevious yea. DUri￿j the year dcffi*ions acco￿ted for £7,793 (15%) of tr* trkal income of the charity c* £50.845. Events irKome counted for 24% (2024: 4WD) of total I￿￿TE. Thwe was a ￿ defKtt ts the year ￿ £8.483 (2024: £3￿ ￿rpIlLs} mainly due to ￿reaSed irK arnl higher costs. The centre could tKt fu￿tic￿ wrt￿ut the ger￿￿xts suppNt of voknnteer5 wh) gi¥p thar ts.me to ass in the leamirwJ centre. Trustees agreed a redwth)n in rwt with trE laThIk￿d to ease the finarKial burden cl rent durirNJ the WiC•J of km ir￿orne Impact£￿ by COVID. It has Lk£n aJi'eÉxl that rent is paKI at this r3te for the for&￿ble fiJ￿re. The tnjst￿s Contin￿ to the cmuan1s*K￿'s finarKial [K)sli(￿. The financial enNryronmert arxj cost cl livirwJ C￿￿traInts have an irKrease in njnning cos15 a￿1 r￿UC￿l d(￿atiOnS. Fknvever, the chaiity has strcry SUPFK)rt the corn￿￿1n￿ aThJ tllJ5tees a￿ of the (￿inIC that th's comb'n8J vlith cU￿￿￿t rÉser%E t￿ ha%p sufficEnt reswves to trEet futtmp eXp￿d￿UlE and ccffitinue to be a gcrfThJ c￿￿E￿n. Structure, governance and management The Chaiity is contsDlled by tt5 govgning d¢xuwIL a of tsust and corstitijtes a d￿rItable inc￿￿Bted (￿ganiZatIon (ao) urKler IX CF*rty C(¥nmissM)n kw. r￿1 try ordw of board 6 Feb￿￿ry 2026 arml sNJr￿I ￿ it5 t￿lF by. 3 ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF COLCHESTER CHINESE ASSOCIATION FOR THE YEAR ENDED 30 APRIL 2025** I report to the charity's trustees on my examination of the financial statements of the Colchester Chinese Association (‘the trust’) for the year ended 30 April 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes. This report is made solely to the charity's trustees, as a body, in accordance with section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charitable company's directors those matters I am required to state to them in this report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and their trustees as a body, for my work, for this report, or for the opinions I have formed. ## **Responsibilities and basis of report** I report in respect of my examination of the charitable company’s financial statements carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’) and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent examiner’s statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: Ø accounting records were not kept in respect of the charity as required by section 130 of the Act; or Ø the financial statements do not accord with those records; or Ø 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). There are no further 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. Lesley Frearson FCCA The Anchorage 81 Landermere Road Thorpe-le-Soken Date: 06/02/2026 Essex CO16 0LW 4 ## **COLCHESTER CHINESE ASSOCIATION** ## **SUMMARY STATEMENT OF FINANCIAL ACTIVITIES (including income and expenditure account) FOR THE YEAR ENDED 30 APRIL 2025** |**general**
**designated**
**Notes**
**£**
**£**
**Income and endowments from:**
Income from Charitable Activities
2
Fees
29,307
Fundraising events
13,745
Other charitable activities
0
Investment income
0
Donations and legacies
7,793
Other income
0
**Total income**
50,845
0
**Expenditure**
Expenditure on Charitable activities:
Community Association
3
59,328
0
**Total expenditure**
59,328
0
**Net income/(expenditure) before transfers**
-8,483
0
**Transfer between funds**
0
0
**Net movement in funds**
-8,483
0
**Fund balances at 1 May 2024**
27,853
0
**Fund balances at 30 April 2025**
£
19,370 £
0 £
**Unrestricted**|**Restricted**
**£**
0
0
0
0
0
0
0
0
0
0
0
0
0
0 £|**Total**
**2025**
**£**
29,307
13,745
0
0
7,793
0
50,845
59,328
59,328
-8,483
0
-8,483
27,853
19,370 £|**Total**
**2024**
**£**
23,546
31,607
0
0
5,338
0
60,491
56,601
56,601
3,890
0
3,890
23,963
27,853| |---|---|---|---| The above results are derived from activities from this date. No activities have been acquired or discontinued since this date. All gains and losses in the year are included above. COLCHESTER CHINESE ASSOCIATION BALANCE SHE AS AT 30 APRIL 2025 Unrestricted General Designated Restrlcted Total 2025 Total Funds 2024 Notes CURRENT ASSETS Debtors Bank balances and cash in hand 13,5(Xl 6,470 19,970 13,500 6,470 19,970 13.511) 15,553 29,053 LIABILttIES: aiiiounts falllng due wlthin one year 600 NE[ CURRENT ASSETS 19,370 19.370 27,853 TOTAL ASSETS LESS CURRENT LIABILrtIES 19,370 19,370 27.853 TOTAL NET ASSETS 19,370 £ 0 £ 19,370 £ 27.853 FUNDS Unrestricted income funds: General funds TOTAL FUNDS 19,370 £ 19,370 £ 19,370 0 £ 19,370 £ 131 (Nrte 121 27.853 27,853 The financial statements were approved by Boaid (K) 6 February 2026 and sKJned on its behalf by Peter Cheng Company number 1173523 **COLCHESTER CHINESE ASSOCIATION** 6 ## **NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 30 APRIL 2025** ## **1 ACCOUNTING POLICIES** The Principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceeding year. ## **Basis of accounting** The financial statements have been prepared in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), (effective 1 January 2015) - (Charities SORP (FRS 102)) and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. The financial statements include all transactions, assets and liabilities for which the charity is responsible by law. The charity constitutes a public benefit entity as defined by FRS 102. The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. The financial statements are rounded to the nearest £1 and are prepared for Sterling ## **Fund accounting** Funds restricted by the donor or raised for a particular restricted purpose are treated as restricted funds. All other receipts are unrestricted funds. ## **Incoming resources** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructuve obligation committing the charity to that expenditure, it is porbable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannote be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Taxation** The Charity is a charity within the meaning of the Charities Act 2011 and as such is a charity within the meaning of Part 11, Corporation Tax Act 2010. Accordingly the Charity is potentially exempt from taxation in respect of income or gains received within categories covered by Part 11, Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that such income or gains are applied exclusively to its charitable purpose. ## **Legacies** Legacies are accounted for once the charity is entitled to the legacy. Entitlement is the earlier of the charity being notified of an impending distribution or the legacy being received. 7 ## **COLCHESTER CHINESE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued YEAR ENDED 30 APRIL 2025** |**3**|**INCOME FROM CHARITABLE ACTIVITIES**|**INCOME FROM CHARITABLE ACTIVITIES**|**Unrestricted**|**Unrestricted**|**Restricted**|**Restricted**|**Total**||**Total**| |---|---|---|---|---|---|---|---|---|---| ||**Fees**||**general**|**designated**|||**2025**||**2024**| ||Chinese learning centre||27,807|0||0|27,807||23,546| ||Membership fees||1,500|0||0|1,500||0| |||£|29,307 £|0 £||0 £|29,307|£|23,546| ||**Fundraising events**||||||||| ||Dragon Boat festival||4,300|0||0|4,300||6,255| ||Elderly annual dinner||0|0||0|0||2,880| ||Mid autumn festival||5,000|0||0|5,000||7,255| ||Chinese New year||4,445|0||0|4,445||7,382| ||Just Giving||0||||0||7,835| |||£|13,745 £|0 £||0 £|13,745|£|31,607| ||**Other income**||||||||| ||Shop income/book sales||0|0||0|0||0| |||£|0 £|0 £||0 £|0|£|0| |**3**|**EXPENDITURE**||**Unrestricted**||**Restricted**||**Total**||**Total**| ||Direct project costs||**general**
**£**
8,875|**designated**
**£**
0|**£**|0|**2025**
**£**
8,875||**2024**
**£**
5,886| ||Rent, rates and insurance||11,690|0||0|11,690||12,583| ||Heat and light||12,762|0||0|12,762||10,719| ||Telephone||770|0||0|770||730| ||Travel costs||20,720|0||0|20,720||13,970| ||Printing, stationery and advertising||1,907|0||0|1,907||836| ||Repairs and maintenance||1,221|0||0|1,221||2,685| ||Other expenses||783|0||0|783||761| ||Just Giving Charity Donation||0|0||0|0||7,831| ||Governance||600|0||0|600||600| |||£|59,328 £|0 £||0 £|59,328|£|56,601| 8 ## **COLCHESTER CHINESE ASSOCIATION** ## **NOTES TO THE FINANCIAL STATEMENTS - continued YEAR ENDED 30 APRIL 2025** ## **4 TRUSTEES' REMUNERATION, BENEFITS AND EXPENSES** There was no remuneration or other benefits paid to the trustees during the year ended 30 April 2025. There were no expenses reimbursed to trustees for the year ended 30 April 2025. ## **5 STAFF COSTS** There were no employees during the year ended 30 April 2025. |**6**|**DEBTORS**||||**Total**||**Total**| |---|---|---|---|---|---|---|---| ||||||**2025**||**2024**| ||||||**£**||**£**| ||Other debtors||||13,500||13,500| |||||£|13,500|£|13,500| |**7**|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||||**Total**||**Total**| ||Other creditors||||**2025**
**£**
600||**2024**
**£**
1,200| |||||£|600|£|1,200| |**8**|**LEASE COMMITMENTS**||||**Total**||**Total**| ||Minimum lease payments under non-cancellable|operating leases|fall due as follows:||**2025**
**£**||**2024**
**£**| ||Between one and five years||||120,000||120,000| ||Between five and ten years||||57,000||78,000| ||Between ten and fifteen years||||0||0| ||||||177,000|£|198,000| |**9**|**MOVEMENT IN FUNDS**||||||| ||As at 1 May 2024|**Unrestricted Restricted**
**Fund**
**Funds**
**£**
**£**
27,853
0|||**Total**
**2025**
**£**
27,853||**Total**
**2024**
**£**
23,963| ||Incoming resources||50,845
0||50,845||60,491| ||Transferred in year||0
0||0||0| ||Expended in period||78,698
0
59,328
0||78,698
59,328||84,454
56,601| ||Balance 30 April 2025|£|19,370 £
0 £||19,370|£|27,853|