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|PRINCIPAL|OFFICE|375 Nechells|Park Road|
|---|---|---|---|
|||Nechells||
|||Birmingham||
|||87 5NT||
|Independent|Examiner|Peter Smith|FCCA, ACA.|
|||3W Hinks
LLP||
|||Chartered
Accountants||
|||19Highfield|Road|
|||Edgbaston||
|||Birmingham||
|||B153BH||
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|
FOR THE YEAR ENDED|
3IST3ULY2023|||||
|---|---|---|---|---|---|
||||Unrestricted||funds|
|||Notes|2023||2022|
|INCOME AND EXPENDITURE||||||
|INCOME||||||
|Investment
income:||||||
|Rents receivable|||118,875||118(000|
|Bank interest receivable|||1,271||24|
|Dividends
received|||3,375||3,063|
|TOTAL INCOME|||123,521||121,087|
|EXPENDITURE||||||
|Expenditure
on charitable|activities:|||||
|Education|||66,000||42,000|
|Community
welfare|||14,500||3,000|
|Medical research
and relief of suffering|||17,000||45,000|
||||97,500||90,000|
|Cost of raising funds||||||
|Investment
management|costs||8,595||8,534|
|Other costs|||6,661||6,284|
||||15,256||14,818|
|TOTAL EXPENDITURE|||112,756||104,818|
|Unrealised
(deficit) / gain|on investments||(4,400)||424,172|
|NET INCOME|||6,365||440,441|
|Balance brought
forward|||1,884,166|1,443,725||
|BALANCE CARRIED FORWARD|||1,890,531|1,884,166||
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|GRANTS||||2023|2022I|
|---|---|---|---|---|---|
|Educational||||||
|Overseas
Chinese Association||School||6,000||
|Birmingham
Chinese School||||3,000|3,000|
|Brent Chinese Association|School|||3,000||
|Loughborough
University||||54,000|39,000|
|||||66I000|42,000|
|Wolverhampton
Youth Zone||||4,000||
|Youth on the Move||||1,000||
|The Respite Association||||1,000||
|Childrens
Liver Disease||||1,000||
|Citywide
Mentoring||||1,000||
|The Honeypot
Childrens'|Charity||||1,000|
|Sundry
Donations to Community|||Events|6,500|2,000|
|||||14,500|3,000|
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|3.|GRANTS PAID (continued)|GRANTS PAID (continued)|||2023|2022I|
|---|---|---|---|---|---|---|
||edical Research and Relief of||Sufferin||||
||Home from Hospital||||5,000|3,000|
||Chinese
Community|Health and|Wellbeing|Service|12,000|42,000|
||||||17,000|45,000|
||Total grants paid||||97,500|90,000|
|4.|INVESTMENT MANAGEMENT||COSTS||||
||||||2023|2022|
|||||||E|
||Legal and professional|charges|||3,800||
||Agents' management|fees and other charges|||4,795|8,534|
||||||8,595|8,534|
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|NOTES|TO THE FINANCIAL STATEMENTS|TO THE FINANCIAL STATEMENTS|TO THE FINANCIAL STATEMENTS|TO THE FINANCIAL STATEMENTS||||
|---|---|---|---|---|---|---|---|
|FORTHE YEAR ENDED 31ST3ULY|||2023|||||
|5.|OTHER COSTS|||||||
|||||||2023|2022|
|||||||E|E|
||Independent
Examination|fee (governance)||||2,400|3,182|
||Bank charges|||||96|110|
||Insurance|||||3,459|1,696|
||Legal and professional
fees|||||706|1,296|
|||||||6,661|6,284|
|6.|UNREALISED GAINS/(LOSSES)|||ON|INVESTMENTS|||
|||||||2023|2022|
|||||||E|f|
||Gain / (Loss) on revaluation|of|quoted||investments|(4,400)|(15,828)|
||Gain on revaluation
of Freehold||Property||||440,000|
||Unrealised
gain on investments|||||(4,400)|424,172|
|7.|INVESTMENTS|||||||
||FREEHOLD PROPERTY|||||||
|||||||2023f|2022
E|
||Fair value at beginning
ofyear|||||1,400,000|960,000|
||Gain on revaluation||||||440,000|
||Fair value at end of year|||||1,400,000|1,400,000|
||QUOTEDINVESTMENTS|||||||
||Fair value at beginning
of year|||||46,234|61,163|
||Addition|||||58|899|
||Gain / (Loss) on revaluation|||||(4,400)|(15,828)|
||Fair value at end of year|||||41,892|461234|
||TOTAL FIXEDASSETS|||||1,441,892|1,446,234|
||The above assets are all in|the|UK.|||||
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|DEBTORS|||2023
E|2022f|
|---|---|---|---|---|
|Rents receivable|||10,303|19,434|
|Prepayments|||4,593|11,902|
|Other debtors|||3,065|4,524|
||||17,961|35,860|
|CREDITORS|||||
||||2023|2022|
||||E|E|
|Amounts
falling|due within|one year:|||
|Grants payable|||111,000|93,000|
|Income received|in advance||19,917|19,667|
|Accruals|||3,502|3,501|
|Other creditors|||5,223|6,450|
||||139,642|122,618|
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