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2024-12-31-accounts

UK-China Transparency

Charity registration number: 1201902

Review of the year

The year 2024 was the first full year of the Charity’s operation, and we were able to engage Sam Dunning as paid Director during the year. The Trustees are delighted with the way that UKCT has established itself as a key source of information and research in the UK’s developing ‘China knowledge ecosystem’. Our publications and projects received widespread coverage in the media. We have paid particular attention to critical topics where there has been a lack of information and evidence: IP theft and connections in technology, and interference in academia, communities and politics. Alongside this, UKCT’s work and growing reputation have allowed us to begin to build a unique network, including sinologists, parliamentarians, civil servants, scientists, businesspeople, activists and journalists. These contacts will help ensure that those who make and influence policy, in government, in academia, and in business, as well as the general public, have access to the facts.

Publications during the year included:

2

Our plans for 2025 are to build on and expand this programme of research and events. We hope to expand our staff and develop our freelance research programme into a fellowship or internship scheme. This is with the aim of increasing capacity both to carry out research and to communicate and disseminate the results. The Director and Trustees will continue to seek out appropriate areas for future work.

Governance

The Charity is constituted as a Charitable Incorporated Organisation whose only voting members are its charity trustees. Its charitable objects are the following:

  1. For the public benefit the advancement of education, training and research in the relationships between China and the UK in education, business and culture and in good governance, ethics and transparency in such relationships;

  2. The promotion of human rights (as set out in the Universal Declaration of Human Rights and subsequent United Nations conventions and declarations) throughout the world by all or any of the following means:

  3. Research into human rights issues;

  4. Raising awareness of human rights issues;

  5. Promoting public support for human rights;

  6. Promoting respect for human rights among individuals and corporations.

The charity addresses its purpose by carrying out specific research projects and disseminating appropriate publications. It also organises events and provides informal advice (for example to the press) based on its research. The Trustees pay careful attention to the Charity Commission’s guidance on public benefit. Before any project is undertaken it is reviewed both by the Trustees and also by appropriate members of the Advisory Board. Publications are considered in detail by at least two of the Trustees independently, to ensure that they fall within the charity’s objects and pass the test of public benefit.

UKCT relies on the advice of a formal Advisory Board as well as a wider network of academics, technical experts, and community leaders. We very much appreciate the expert input that our Advisory Board and other advisors provide.

Trustees

Martin Rowland Village Chair Samuel Harry Williams-Dunning Director Sir Bernard Walter Silverman Treasurer Andrew Robinson Trustee (from 12 February 2024)

Advisory Board

Simon Cheng Chris Hughes OBE Dr David Tobin Howard Zhang

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Financial and risk review

The fundraising aim for the year was to raise sufficient funds both to fund ongoing projects and to put the charity on a firm footing for future activities. Over £40,000 was raised from individual donations and, in addition, an unrestricted grant of £5,000 was received from the Injustice Foundation. We are extremely grateful for all this support.

At the end of the year, the Charity’s assets stood at nearly £38,000. The charity now employs a part-time Director (three days per week). The Trustees have decided to hold £20,000 as reserves against unforeseen contingencies, with the remainder committed against current salaries and research projects. The full receipts and payments accounts are attached below.

Because of the conservative approach taken to the charity’s activities, there is no material uncertainty about the charity continuing as a going concern. Apart from the tight fiscal control used to avoid financial risk, care is taken over any risk (reputational or legal) of overstepping the Charity’s research and educational objectives. In particular any publications are carefully reviewed to ensure that all statements are evidence-based, with the evidence put into the public domain where possible. Legal advice is also sought where appropriate.

Declaration

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

Signed on behalf of the charity’s trustees

Signed on behalf of the charity’s trustees
Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
MARTIN VILLAGE BERNARD SILVERMAN
Martin Rowland Village Bernard Walter Silverman

Chair
Treasurer
6 February 2024
6 February 2024

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Financial Statement

The accounts are prepared on a receipts and payments basis. All funds and donations are unrestricted and there are no assets and investments. All funds are held in the Charity’s bank account.

Year 2024 Period to 31 Dec 2023
Receipts
Bank Interest £ 53.17 £ 8.32
Donations £ 37,678.67 £ 13,051.77
Events £ 2,235.00 £-
Gift Aid £ 3,791.79 £-
Grant £ 5,000.00 £-
Total receipts £ 48,758.63 £ 13,060.09
Payments
Bank charges £ 60.00 £ 40.00
Employment £ 9,826.02
Events £ 1,487.75 £ 2,051.50
Insurance £ 658.37
Legal and professional advice £ 2,273.00 £ 1,000.00
Office expenses £ 2,025.12 £ 2,016.93
Research £ 958.00 £ 883.70
Travel and Subsistence £ 789.47
Total payments £ 18,077.73 £ 5,992.13
Net receipts £ 30,680.90 £ 7,067.96
Cash funds
Previous year end £ 7,067.96 £-
Cash funds year end £ 37,748.86 £ 7,067.96
of which
Reserves £ 20,000.00 £-
Current and future projects £ 17,748.86 £ 7,067.96

Statement by Independent Examiner : 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. I confirm that no material matters have come to my attention 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.

Paul O’Brien ICPA, Dragonfly (Accounting and Financial Management) Ltd

UK China Transparency

1201902

CC16a

Receipts and payments accounts

For the period 01-Jan-24 from

31-Dec-24 To

Section A Receipts and payments

----- Start of picture text -----
Unrestricted Restricted Endowment
Total funds Last year
funds funds funds
to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £
A1 Receipts
Bank interest 53 - - 53 8
Donations 37,679 - - 37,679 13,052
Events 2,235 - - 2,235 -
Gift Aid 3,792 - - 3,792 -
Grant 5,000 - - 5,000 -
Sub total (Gross income for
- - 48,759 13,060
AR) [ 48,759 ]
A2 Asset and investment sales: none
Total receipts 48,759 - - 48,759 13,060
A3 Payments
Bank charges 60 - - 60 40
Employment 9,826 - - 9,826 -
Events 1,488 - - 1,488 2,051
Insurance 658 - - 658 -
Legal and professional advice 2,273 - - 2,273 1,000
Office expenses 2,025 - - 2,025 2,017
Research 958 - - 958 884
Travel and Subsistence 789 - - 789 -
Sub total 18,078 - - 18,078 5,992
A4 Asset and investment purchases: none
Total payments 18,078 - - 18,078 5,992
Net of receipts/(payments) 30,681 - - 30,681 7,068
A5 Transfers between funds - - - - -
A6 Cash funds last year end 7,068 - - 7,068 -
Cash funds this year end 37,749 - - 37,749 7,068
----- End of picture text -----

Section B Statement of assets and liabilities at the end of the period

Categories
B2 Other monetary assets
B3 Investment assets
B4 Assets retained for the
charity’s own use
B5 Liabilities
Signed by one or two trustees on
behalf of all the trustees
B1 Cash funds
None
None
Current and future projects
Reserves
Details
Total cash funds
(agree balances with receipts and payments
account(s))
None
None
Signature
Unrestricted
funds
Restricted
funds
to nearest £
to nearest £
17,749
-
20,000
-
37,749
-
OK
OK
-
-
-
-
-
Print Name
Bernard Silverman
Martin Village
Endowment
funds
to nearest £
-
-
-
OK
-
-
-
Date of
approval
04-Jan-25
04-Jan-25

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/ Charity Name members of UK China Transparency

On accounts for the year 31[st] December 2024 Charity no 1201902 ended (if any)

Set out on pages

(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 31/12/2024.

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 I have completed my examination. I confirm that no material matters have examiner's statement 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.

Signed: Date: 07/01/2025 Name: Paul O’Brien Relevant professional ICPA qualification(s) or body (if any): Address: 34 King James Close Fordham, Ely CB7 5SA

October 2018

1

IER

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 items that the examiner wishes to disclose .

October 2018

2

IER