OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2023-03-31-accounts

GLOBAL CHINA ACADEMY

Registered Charity No.: 1198983

ANNUAL RETURN

01/04/2022 – 31/03/2023

Global China Academy 32 Hankins Lane London NW7 3AG Tel: 020 8906 8798

1

GLOBAL CHINA ACADEMY

ANNUAL RETURN YEAR ENDED 31 MARCH 2023

CONTENTS

1. Charity Information . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
2. Trustees’Annual Report . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4-9
3. Financial Report
• Receipts and payments accounts. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10
• Balance Sheet . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. .. . . . . . . . . . . . . . . . . . . . . . . . . . 11
• Notes to the Accounts . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12
4. Independent Examiner’s Report. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .. . . . . . . . . . . 13-14

2

GLOBAL CHINA ACADEMY ACCOUNTS AND

FINANCIAL REPORT YEAR ENDED

31 MARCH 2023

CHARITY INFORMATION

Charity number: 1154640 Business Address 32 Hankins Lane London NW73AG Bankers Lloyds Bank plc 25 Gresham Street London EC2V 7HN Accounting Global China Academy 32 Hankins Lane London NW73AG

3

3

March 2012

TAR

1

Trustees’ annual report for the period

Period start date 0 1 0 4 2 2 Period end date 3 1 0 3 2 3

Charity name Global China Academy

Charity No 1 1 9 8 9 8 3 (if any)

and Activities Objectives

SORP
reference
Summaryof thepurposesof the
charity as setout inits
governing document		 Para1.17 The objects of the Trust are:
1) to promote the study of China in global and
comparative perspectives in all its aspects, and to
contribute to the building and governance of a global
society;
2) to bring theories and methods from studies of
Chinese society and comparative studies of China from
different social scientific disciplines into the realm of
human knowledge;
3) to use academic resources from China, the Chinese
and global and comparative studies to provide a
knowledge-based social consultancy and build a public
dialogue platform;
4) to publish books and peer-reviewed journals, to
create and manage bilingual websites and events, to
encourage research, knowledge transfer, consultancy
and public engagement and to act as a bridge between
China and the rest of world, the Chinese and the non-
Chinese, producing both global public goods and global
public good to serve a global society.
Summaryof themain activities
inrelationtothose purposesfor
the publicbenefit, in
particular,the activities,
projects or servicesidentified
inthe accounts.		 Para 1.17
and
1.19		 • Developing individual and institutional fellowships
and maintaining a unique global network with a mailing
list of more than 6,000 like-minded people;
encouraging links through its comprehensive and high-
quality bilingual website.
• Encouraging the study of China in global and
comparative perspectives. Our peer-reviewed journals
such as Journal of China in Global and Comparative
Perspectives (JCGCP) publish high-quality academic and
intellectual products; encourage interdisciplinary,
inter-institutional, transnational and comparative
approaches; and facilitate collaborative studies on
China in its Asian and global contexts.
• Developing Global Century Press (GCP), the first
publisher in the world dedicated to bilingual publishing
of academic, practical andpopular books on China in

October 2016

Charity Accounts templates – Trustees’ annual report for the period

Global and comparative contexts. The results of
research and any consequent policy outcomes are fed
back into and reflected in our publications to serve the
global academic community and the good of society
worldwide.
• Holding a series of Global China Dialogues (GCDs), of
which there have been eight to date, based on the
concepts of transculturality and social creativity, to
enhance public understanding of global affairs and
participate in global governance.
Statement confirming whether
thetrustees have had regardto
theguidance issuedby the
CharityCommission onpublic
benefit		 Para1.18 • All the publications by the Global Century Press, along
with the Global China Dialogues, further the charity’s
purposes for the public benefit.
• The trustees have had regard to the guidance issued
by the Charity Commission on public benefit.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
Policyongrantmaking Para1.38
Policy on social investment including
program relatedinvestment		 Para1.38
Contribution madebyvolunteers Para1.38
Other

October 2016

Charity Accounts templates – Trustees’ annual report for the period

2 of 18

SORP
reference
Summaryof themain
achievementsof thecharity,
identifyingthedifferencethe
charity’s work hasmadeto the
circumstancesof itsbeneficiaries
and any widerbenefits to
societyas a whole.
Para1.20		 In the charity year from 1st April 2022 to 31st March 2023, the
Global China Academy made significant achievements:
1) Website Development and Ecommerce Integration:
•
Significant progress in developing new websites for the
GCA and Global Century Press (GCP).
•
Integration of the Global China Ecommerce platform into
Global Century Press marked a notable breakthrough.
2) Book Launch and Globalisation of Chinese Social Sciences:
•
Launch of a revised version of Prof. Martin Albrow's book,
China and the Shared Human Future: Exploring Common
Values and Goals, edited by Xiangqun Chang, at the
London Books Fair on April 7, 2022.
•
The book, a companion to Albrow’s earlier work, includes
selections from his 60-year career, focusing on global
governance and China.
•
It highlights Albrow’s engagements with Chinese
academia and practical themes such as COVID-19, the Belt
and Road Initiative, and poverty alleviation.
•
The book aims to promote the globalisation of Chinese
social sciences, featuring Albrow’s contributions to the
academic and social missions of Chinese scholars.
3) Academic Publications and Dialogues:
•
Publication of selected essentials from the 7th Global
China Dialogue (GCD VII) in the_Journal of China in Global_
and Comparative Perspectives(JCGCP), Volume 8, 2022.
•
The volume includes summaries of speeches by notable
figures such as Lord Anthony Giddens, and Prof. Martin
Albrow and others, covering presentations and exchanges
from diverse panels on societal transformations, digital
security, cultural identities, and institutional reforms.
•
Owing to the unpredictable COVID-19 situation in China, a
decision was made to continue the annual Global China
Dialogues series in the UK, with the 8th GCD, focusing on
Global Governance for Health, scheduled for December
2023.
4) Key Activities and Meetings in China:
•
President of the Global China Academy (GCA), Professor
Xiangqun Chang FRAS FGCA engaged in various activities
and meetings in China from early September to mid-
November, marking significant achievements for the GCA.
•
Tsinghua University meeting: On September 17, a meeting
at Tsinghua University in Beijing was organised by GCA
Trustee Dr. Yuan Cheng and Professor Lan Chun. It
included both in-person and online participation from
notable academics such as Professors LI Qiang, XIE
Lizhong, BING Zheng and ZHU Guanglei.

October 2016

Charity Accounts templates – Trustees’ annual report for the period

3 of 18

These activities and developments highlight GCA’s commitment to fostering global understanding and collaboration in the study of China, demonstrating its influential role in academic and cultural exchanges.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
Achievementsagainstobjectives
set		 Para1.41
Performanceoffundraisingactivities
againstobjectives set		 Para1.41
Investment performanceagainst
objectives		 Para1.41
Other

October 2016

Charity Accounts templates – Trustees’ annual report for the period

4 of 18

SORP
reference
Review of thecharity’sfinancial
positionat theendof the period		 Para1.21
Statement explainingthepolicyfor
holding reserves stating why
they areheld		 Para1.22
Amountofreservesheld Para1.22
Reasonsforholding zero reserves Para1.22
Detailsof fund materially indeficit Para1.24
Explanationofany uncertainties
aboutthecharity continuing asa
going concern		 Para1.23

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
The charity’s principal sourcesof
funds (including anyfundraising)		 Para1.47 The charity’s principal sources of funds, as in
previous years, are private donations from
voluntary/philanthropic
friends
and
family,
supplemented by GCP's professional services for
publications and additional donations. We hope
that the sales of goods, such as books and journals,
along with fees from the Global China Dialogue
series, Fellowship fees, and the provision of
services, will generate a profit.
Investment policyand
objectivesincluding any social
investmentpolicyadopted		 Para1.46
Adescriptionof theprincipal risks
facingthecharity		 Para1.46
Other

October 2016

Charity Accounts templates – Trustees’ annual report for the period

5 of 18

Structure, Governance and Management

Descriptionofcharity’s trusts: SORP
reference
Typeofgoverning document
(trust deed, royal charter)		 Para1.25 Constitution – GCA was registered as a CIO under
the number 1198983 on 27th May 2022.
How isthecharity constituted?
(e.gunincorporated association, CIO)		 Para1.25 Trust
Trustee selection methods including
detailsofanyconstitutional
provisions e.g. electiontopost
ornameofany personor body
entitledtoappoint oneor more
trustees		 Para1.25

Additional information (optional)

You may choose to include further statements where relevant about:

SORP
reference
Policies and procedures adoptedfor
theinduction and trainingoftrustees		 Para1.51
The charity’s organisational structure
and any widernetwork with
whichthecharityworks		 Para1.51 The charity is governed by a Board of Trustees, of
whom there are six.
Relationship with anyrelated
parties		 Para1.51 Global Century Press, a subsidiary trading
company, will commence operations in 2024 after
being dormant.
Other

October 2016

Charity Accounts templates – Trustees’ annual report for the period

6 of 18

Charityname Global China Academy
Other namethecharity uses CCPN Global; Global China Institute
Registered charitynumber 1198983
Charity’s principal address 32 Hankins Lane
Mill Hill
London NW7 3AG

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trusteename Office(ifany) Dates actedif notfor
whole year		 Nameofperson(or
body) entitled toappoint
trustee(ifany)
Prof. Xiangqun Chang All existing trustees
Dr Thomas Clarke Treasurer All existing trustees
Ingrid Cranfield Chair All existing trustees
Dr Grace (Yuan) Cheng All existing trustees
Charles Grant All existing trustees
Dr Frances Wood Secretary All existing trustees

October 2016

Charity Accounts templates – Trustees’ annual report for the period

7 of 18

Reference and Administrative details (cont)

Corporate trustees – names of the directors at the date the report was approved

Director name As above

Name of trustees holding title to property belonging to the charity

Trusteename Dates actedif not forwhole
year

October 2016

Charity Accounts templates – Trustees’ annual report for the period

8 of 18

Description of the assets held in this capacity Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of adviser Name Address

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

October 2016

Charity Accounts templates – Trustees’ annual report for the period

9 of 18

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position
(e.g.
Secretary,
Chair, etc)

Date

Ingrid Cranfield		 Xiangqun Chang
Chair Trustee
29 January 2024

October 2016

Charity Accounts templates – Trustees’ annual report for the period

IOof18 CHARifi COMMISSIO FOR ENGIAND AND WALE 1198983 Recelpts and payments accounts CC16a For th• p•riod 31nJYJJ23 Section A Receipis and payments ndB l￿d5 Tot1 fvn L•81 ymr A1 Rac Ind￿￿U31 C¢wp E¥w ).1tsS 7.5 6.123 Cha 470 470 32.332 Sub tot•l(GRKSS in for AR) A2 As8•t and In¥8skn•nt sal8s, 1s00 labl•l. 10.577 577 Sub Tat•l r 41 A3Pa ment# 3.0 1Q.335 .015 751 1fj.JJS 4.415 14.101 Ewhts 751 D5t4e 1$3 250 375 Iss 250 375 2.579 PR 375 Sub tot•1 A4 A•t arnl Inv•stsn•nt fth••. ls•• tbhl Sub total 18.80S 18.80$ 34.786 Nel of Yeceipts/{payments) AS Tra￿1r$ bekn¥q•n fun A6 Cash lunds last ywr •Thl c￿ funds this wjd Section B Statement of assets and liabilities at the end of the period UnrestTlCt&d Restncted funds Endowment nd• Tot•1 cash fvn¢ts Charity Accountstemplates Tru5tees' annual report forthe period October 2016

11 of 18

GLOBAL CHINA ACADEMY BALANCE SHEET AS AT 31 MARCH 2023

Notes General Fund Restricted Funds
2023 2022
Fixed Assets
Current assets
Cash at bank & in hand
Total current assets
Less
Creditors due within 1 year
Current assets
less current
liabilities
Total Assets
Represented by :
General Funds
Total Funds		 4
3		 £
-
1,772		 - £
-
1,772		 0
1,772
-
1,772		 -
-		 1,772
-		 0
-
0
- 1,772
1,772 - 1,772 0
8,546 - 8,546 6,774
8,546 - 8,546 6,774

We acknowledge our responsibilities for keeping accounting records in accordance with section 130 of the 2011 Charities Act and to prepare accounts which accord with the accounting records and comply with accounting requirements of the Act.

Approved by the trustees

....................................................

Thomas Clarke Treasurer

29-January-24

........................................... Dated

October 2016

Charity Accounts templates – Trustees’ annual report for the period

12 of 18

GLOBAL CHINA ACADEMY

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

1. Accounting Policies

1.1 Basis of accounting

These accounts have been prepared on the basis of historical cost in accordance with

*Accounting and Reporting by Charities - Statement of Recommended Practice (SORP 2005)

1.2 Change in basis of accounting

These has been no change to the accounting policies(valuation rules and methods of

accounting since last year.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

1.4 Incoming Resources

Incoming Resources represent grants, awards, donations, self-generated income due in the

year

1.5 Tangible Fixed Assets

There were no tangible Assets in the year

2. Staff Costs and Numbers

2.1 There were no paid employees as at 31 March 2023.

2.2 Time spent by the Trustees have not been brought into the accounts as they do not wish to be paid.


be paid.
3.Creditors
Accrued Expenses -Accounting
Accrued Expenses -Independent Exam
Total
4.Bank
Current Account		 2023
2022
£
£
0
0
0
0
0
0
£
£
1,772
0
1,772
0

October 2016

Charity Accounts templates – Trustees’ annual report for the period

13 of 18

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ members of On accounts for the year ended Set out on pages

Charity Name
Global China Academy
01/04/2022-31/03/2023 Charity no (if
any)		 1198983

(remember to include the page numbers of additional sheets)

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 /03 / 2023 .

Responsibilities and basis of report As the charity trustees of the Trust, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.

Date: Signed: 19 June 2024 Name: Yudong Gao Relevant professional qualification(s) Finance Officer or body (if any): Paddington Development Trust Address: 59 Elgin Avenue London W9 2DB

October 2016

Charity Accounts templates – Trustees’ annual report for the period

14 of 18

Section B Disclosure

[Only complete if the examiner needs to highlight matters of concern (see CC32, ] Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any I report on the accounts of the Charity for the year ended 31 March 2023. items that the examiner Respective responsibilities of Trustees and examiner wishes to disclose . The charity's Trustees are responsible for the preparation of the accounts. It is my responsibility to: (i) examine the accounts under section 145 of the 2011 Charities Act (the Act); (ii) to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 of the Act; and (iii) to state whether particular matters have come to my attention. Basis of independent examiner's report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts. Independent examiner's statement

In connection with my examination, no matter has come to my attention: (a) which gives me reasonable cause to believe that in any material respect the requirements; (i) to keep accounting records in accordance with section 130 of the Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act; have not been met; or (b) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

October 2016

Charity Accounts templates – Trustees’ annual report for the period