Charlty r•glstratlon number 287813 Company rggl$tr8tlon number 01720498 (England and Wales) CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEEI ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) LEGAL AND ADMINISTRATIVE INFORMATION Tru8t• Mrs P Hayward Ms M Lcheng MrHHWu Mr H Salah Mrc MrTVLg MsSLe& (Appointed 5 May 20231 Secrotary MrASLChau Charlty number 287813 Company number 01720498 RegISter office and prfnclpal address 68Q Comrnerical Road London E14 7HA Independent examlnor Goh Yong Chong Silver Levene IUKI Limiled Charterod Cèrbfied Actxiunlanls Level 5A, Maple Hovse 149 Tottanham Court Road London W1T7NF Bankers Bardays Bank PLC Canary Wharf Branch 2 Churchill Plac8 Lon¢Jon E14 SRB.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) CONTENTS Pag• Trus¢eo$' report Ind$pgndonl examlnerfs report 15 Statemenl of flnancjal acWvllle8 Balance 8heet 17 Nole8 to tha fin8ncA8181al8m•nts 18-27
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT FOR THE YEAR ENDED 31 MARCH 2024 The tnjsiees present Ihelr annual rewrt and financial st8lement8 for tho year ended 31 March 2024. The financial statements have been prepared in accordanca vAth th& 8(xounting policies sèt out in note 1 lo th8 financial statements and comply th the Chlnes8 Assoclallon of Tower H8mlets's memorandum and artides 01 assoc¢ation. the Companias Act 2006 and 'Accounting and Reporting by Char015es.' Statement of Recommended Practice applicabl8 to charftlas prèparing thèir aixounts in accordarKe vrith the Financial Reporting Standard applicable in th6 UK and Rapubllc of Ireland (FRS 1021. leffe¢livè 1 Jxnuary 20191. PURPOSE, VISION AND OBJECTIVES The ch8rity'8 purpose as sel out in tyjr constitution is lo prowde a comprehensive range of services {welfare. community care. educational. Eeisure & reuealional and personal davelopmentl for the Chinaselwietnamesa Community in and around the London Borough of Towér Hamlats through 8 supportivè ènvironm8nt and a rmMItMent to promole user Involvement. Our Vision is lo ensu that the people we serve live in a sensitiv8 and compasslonate gnvironment, hav8 8c¢ess lo serwces that meèt their physical, material arkl emoti81 needs, 8180, they are able to rèach th6 quality of life lo vthith every individual aspires. The organisation's ethos is one of empowernient and enablemenL We are driven by our rnission to enable people lo be the architect of their own Iwes and be treoted with dignity and wpe¢t at all tim88. Our focus Is to work wth and for thosa living th physk81. sensory or mentsl impairm8nt and in ¥ocaal isolation. induding tho58 with Serious antl ènduring mental health difficultie8 or dementia, language barriers, or a carer rde. The objects forwhich tha Assoaation is established are.'- To help dlsadvantag6d persons of Chlnese orlgln who I&. or study In and around London Borwh of Tower Hamlets Iherelnafter called 'the arèa of b8nèflt') by thè èstabllshment and malntenancè of 8n infonYts0n and advice centra ond an Opportunl¢y Cenlrè. To txomote the welfare of Chinese elderfy and disabled which now or hereaftèr may be daemed by law to be charitable wlhin the said area of beneffit. To pro8 opportunftles and fadlSlles fof the social, edue8tional, ¢ulbJral and physical development of young Chinese people ol the saKI area of benefit. In this Mernorandum of AssocAalion 'yoLFng Chinese people, means people betweèn the ages of 8 and 25 years. PRINCIPAL ACTIWTIES The Chlnèse Assoclatlon of Towar Ham18ts IS 8 th8ri18ble ¢orrp3ny limiteil by gu8r¥nlg8 8nd is gov8rn8d by 8 memor8ndum 8nd 8rtides of 8S80(a81ion. The princjpal activities of the A&8ocialion is the provision of services to Chinese and Vielnamese community in the London Borough ol Tower Hamlets through project based programmes prowding speafic saNic8s to mèèt the noeds of its usèr groups. We aro a local org8niz8tion that n<Ierstsr¥ the need8 and asrat)n8 of local Chinese and Vi8lnamese people. Every year we support hundreds of older people of Chinese origin to live life to the lull, maintaining conlrc4 and independence. Tha organization's athos is ong of gmpowaring and enabling Fwple. The Ststtrment ol Flnandal ACtileS for Ss set out on Pages 16 of tho financial 8tstem8nts.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE} TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 HOME CARE SERVICE This year, we ¢onllnu8d to provlde domlclllary care seNlcas lo tha Chinese communily across L¢)ndon. dellvering porsontr8d care de8ignèd lo halp older adults Ilvo gaf81y Bnd Independently at home. Our s&rvlcgs also provlde much-needed respite lo carers, offering tomporary ralial by assuming caregiving ijulies. Our team ¢omprtses a Registered ManagerlGener81 M8rtager, two Nomln8tgd Indlvlduals. two Care Cotsrdln8¢ors. 8NJ a dadicated group of care Workers. The sarvice oper81es vAth an annual budget of approxlmatsty £400,000, the melorlty of whl¢h ts allOted to stsffing Go81s to en8ure hlgh-qU8111y care. Over the past year, we m8lnlalned spot purchase agreements wilh Tower Hamlets, HackY. 1g1ington. Ngwham, Wo$lminster, Bexley, B8met, Lewsham, and Soulhw8rk coun¢lls. Addilionglly. our services conllnued to attract an Incxe8slng number of dlrect payment dlents, P055lksnlng us 85 tho provldèr of cholce for many. From 1 Aprll, 2023, 10 31 M8r¢h. 2024. our Home Care Servlce supported 20 older adults th hlgh depend$nw needs, delivedng a tot81 of 15.976 ¢ar• hours to th8 Chinasa community across London. In 202312024, we achleved a signlflcant mIlest6 wlth thè gucco$sful eomplation of the Da Securlly and Prolectlon Toolkll IOSPTI. demonstrallng our cornmltment lo malntalning th• hlghasl standards ol data security and compllancè. Th18 PfW88 Involvèil rf9orous sell.assassmenl and staff Iraining, ensurlng wg handla ¢ll&nt lnfomi8llon wllh thè ulmosl car8. Achltsvlng DSPT compllance &nablas us lo securely 8hafe health and care record8, 8UPPOrtlng bett¥r ry)118lJor¥Uon wllh h•81thcare provlders and mcfft efflclenl cllenl cgre. In addltlon. we malntalnèd our "Outslandlng" rallng In tho carfng category from thé Care au811ty Comml$$lon Icaci. whlla r8ialnlng "Good" rntlngs In all other cBl8gorie8. Thesg results rsfloci the excépllonal dedicallon of our staff, who contlnuglly dellver safe, effectlva, and comp888lonale car8. To ensure we remaln compllanl 8nd uphold our hlgh slandards. wa partnered wllh a fomer CQC In8p8clor, ieflnlng our Intamal audll proce88e8 8nd allgnlno our pr8Ctlces tho lalesl regutatory requlrement8. We mède notable progres8 In enhan¢lng tho oper8tlonal emclency ol our sarvlce8 th18 year. The Dlgitsl Logmyc4rg Platfomi has been further inlegrnled Inlo our dally 8clivlll8s. streamlining communlc8llon bgtween C8r& wotkers and management. improving reatIme documenlalwJn. 8nd enabllng better ovèr8ighl ol dlenl ¢8r• plans. Thls Innovailon helps us raspond more promplly lo client ne8d8 Wh1 malnlalnlng accuratè and up-to4al• rocords. A Ihorough review of our oporatlonal lomplales was also conducted, le8ding lo improvamanis In key areas 8uth a8 Staff supeN18ion, mpetenCY 888888m4nt$. GPS man8g8ment checks. rl$k 888088monts. and car&ral8ted documentalion. Thèsè upd81&8 have 8lrenglh8ned tho conslstancy and quality of care acro88 the board. 8n¥urtng we can proathfjly address any Issues and conllnuously improve our servlco dollvery. Staff d$valopment remalns * prforlty. In addllion lo DSPT-r8latéd traSnlng. wa provlded 8nother spec1811zod week Health and Soclal Care irolnlng program tallwed lo Hong Kong Btlll$h National Ovèrseas {BNOI st81us hold8r8. Thi8 Inltlallv• has 8nrfch•d our workforce vAth new skllls and per8pectiV08, furthar onh8nclng tho quality of care we offér. Our commllmenl to safety and envlronmenlal su8laln8blllty w88 rolnforced wSlh key upgrades lo our premlses. Thls year, we 8nhanced our fire alami systems and emergency lighling lo meet tha 18tèst safety standards, ensurlng Ihè w811-b8lng of both 8tsff 8nd ¢li8nts. Furthemioro. we inslallad energelUenI LED lighllng. redudng our energy nsumptIon 8n¢J eOntrfbung to cost savings whlle supporilng our enwronmantsl goals.
CHINESE ASSOCIATION OF TOWER HAMLErs {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Tho ongofrng challenge3 in recwitment and reiention of care staff. exacerbated by rislng Imng cost$ an¢J InflalS0n. r¢main a kèy concem for the Sector. Oesplte Ihese dffioJMl&s. have lak6n steps to ensure CATH Is an attractwe and supportive emFloyer by proding professional d8vekJpment opportunities and lostorino 8 positiv working ènviTonmenL Staff feedback has be8n ov8Ththalff4ngly positivo. whth Is eno)uraging as we strivo to r8tsin Blled c8re workers In an SnueaslNJly ¢4)m've ma81. Our care worker8 have Sho dtdicalkln Ilwwhout th8 r, c4ynUy meebng the noods of our 8ervlce u8eTS, even under challengirg drwmstan¢es. Th8lr commltmont Is rsllect8(1 Sn our m8lntsined 'Oui8tanding' rating in the cat8gc¢y 8nd in the ThJmortyJ$ complimonls have recelvad trom 88Nic Ur8 and thdr familifjs. The feedback from our dents and lhr lo b8 a sounx of ld0 and mottvallon. W8 r•cAvad numerou8 léslirnonLg18 expressing gralilude lor hvJhquallty re pro by our siaff. Comments such as ou always go above and beyond io help. ond l amwedate th• •xcall¥nl ¢ar• prov1 by your 188m' underscore Ihe m88ningfiJl Impacl of ¢•6. Our annu81 s•rylce LW sallsfAetbn relnf¢¢ed the8e sen1hnts, cU8nts con8lstenty reptsrtlNJ that they feol respected. welk¢ar•d for. and suprrtyled In thelr dalty IheB. The posfjtfve rnllry realkn our c4Mnmltm&nl lo d8llvorlng pwson811zed and ¢UnpaSsk8le care thal enhances Ihe welng of Ihose we seNe. A8 we mova lorward. our locu8 be on I?1u08 knkYovomI 8nd lrmov8tk. We p18n to fvrth8r Inlegr8le nw lachndogtes and enhgn¢gd data protection F$888, Insn9 r services remabn effldenl. r88ponslva, and Secure. Slronglh¢ning our owaUonal framewcrfks and Invesllng In stsff dovelopment wlll c4Jntlnue to ba key prforllles, 88 We 85m lo provlde exceptkinal care vthi18 addresslr4J ongolng rac¥ultm8nt challeng. In condu•h)n. ts 2023r2024 financl81 year ha8 b8en math•J by siwficanl wcws8, Wticulady In the a8 01 data Socurfty, opemlional 8ffiaw)¢y, and eaffj qulty. Desptte chaleng85, we remain commitied to delring out$t8ndifig home ¢are servi¢¢s to community. With a renthved sense ol wrw. we look forward to the y8ar ahead. continulng lo support tho iThlependen¢e and wbeIng of our dnts. Cllfjnt Profil8: Mr. W bs an 8>year-old gen11e 18ce8 ml# health cdlw8. Ind(hllng bllndn888 In h18 ghl e, partial ¥I0Th In his 8rKI bdateral hearing ktss. He bs unae io communicate verbdly due to h1$ h8aring Impairment and does nol speak Engllsh. cwiplkato$ rmmunkalon. HLS wlf8 plays a crudal rolo In assisting him, using written chIn and lo fa¢ilitst* understanding. In additlon to hls gensory Imp8lnnent$. Mr. W suffws from hyp8rt•nsI, osteoarthriU$ in knè8, aThJ is on the wailing kst ftr a hemia opèrallon. He does Tr)t use hearing aids or glasses. a5 neither woyides any benefit. Th18 c8se was referred 10 our Hcrfne Care Team by Adult Sodal SO to asslsl hls Attendance lOWance applIcaOn. B8ckground.' Mr. W live8 wlth hls wfe in 8 fr51-Iloor flal. Due to hls severe hearir4J and vlsual Impalrmenls, ¢ommuni¢8tiM 18 tsyUet8d enurely through hls fe. V helps hlm by wrlling in Chlnese aThJ showlTrJ obSects. Mr. Ws health condltkjns. combirkqd his sènsory irnpalmts, pose svJnificant challenges for his Safety and well-belng al hc4me. partl¢xlarfy as hg has Ilmlteo fibIty and r8lle8 on one c¥utiY) lor 8UPP%Yt. WIU) hi8 wfe 8sslsllrng hlm for short tllstances.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Work Undertaken by our Home Care Team: Attendance Allow8nc Applicalion.. Our tsam liaised Ihe Attendance Albwan¢e office to follow up on Mr. Ws ap1¢ation. Unfortun8tety, he was deemed inelijble du8 to Tn11n9 8 pension from anolhsr county. The family was promptty inforrned of this ¢xrtoyne. . Ocojpabonal Therapy (OT) Referral: A referral foran OT assessment had been submitted by Mr. Ws GP to address SBfety conc8ms V1n the home. discovarmu a prob)nged dday. our tearn made multiple foll¢)W-up calls to the OT depart[t and, en necessary, sthrmtted a ge(x)nd frra1. Eventualty, il was confirmed that Mr. W was 83rf the Wang lisL Flr¢ Saf¢ty Measures.. Rwniang the rlsks )$1 by Ws disabilities. our team ntacted the Fire Brigade to 8rrang8 a fire safety assessmenL As a resu they Instsled a wbraling devlce under his pNk)w and in Lhs loung8, which a(¥ates rf the smoke alam sourKls. All smoke alams in Ihe property were also d)érknl to ènsurn IY wérè fundioniry ttfft¢xty. . Oc£upatb)nal Therapy AssessmenL While our team cJ)uld not attend Mr. Ws OT ass8ssment. we followgd up wth the Ocujpational Therapist to obtain a summary of the findings. The OT cffifimd th81 Mr. W raquired N¥0 new alt cnjtches and a fr88-Standing toilet frame. which were ordered following the visiti Addilv)nally, Mr. Ws total hearing Ic6s was nod. and a refeffal to the Sight 8nd HearfNJ Team was mada further supporL . M¢bSIty SupwrL' A refeffal was made to a rehablitaticffl SUPF¥NI Irker lo assess MT. W$ tr mobilty and detenrlne rf he yId benefft from a r-wheel oLrtd waer with a seal. This ass85sJnenl also examined his aLxlty to us8 elbthv (xutcths both in(10 and outdtyjrs. Our team infomied the family Ihat a flashing doorbell was nec88sary, as Mr. W is unable lo hear a slandard one. While Socaal Services no longer prowde this unless the dient is discharged from the hc6rAI4. the f8n%ly Su¢¢fullY instlled the device. allenges Idenlffigd: Soo"81 Isolabon 8fKI Vulnarability. IAr. W was s(fvially iscAat8d and vulneratle due to his disabilities and the language b8rri8r. Dèspitè éneA)ur898mant fft)m our tèam. hè showed no inierest in attending Ihe lur club, which uxjld provid8 wtsl s(xial eng89gment and Impro his welikning. His lack of soc4al intsraction raised ConeM$ abfxjl nogativoly impactiNJ both his msntsl and Fthysical health. . Limited Mobility: Mr. W8 OUtdo(Y rnOlty was reslricted. He religJ on ty)0 01)ow uutch and his vAfe's assistawE for short distancEs. whith further isdated him and limited his independence. This dependance c his wife raksed concems for his safety. particuLarty ¥th6n she was out nJnniryJ errands, leaving him alone and vulnerable. . Saf8ty RFsks: Mr. Ws inabilty to hear the doorbell posed a safety he was alone. AlthoL>Jh a fl8shlrKJ d¢>Jrbell had beèn insta118d. his d8p8r¥J8nc8 cffl his WTfe for mobilty afKI camnni¢8tk11 Incr8a8ed hls vulnèrdbllity In em8rg8nci8s. Condusion.. Thls Case of Mr. W Illustrates the exiensfve adw supwt by our Hcne Care Team, p8rticularfy to indiwduals f8cxng 31gntfint Lqnguage barriers. Through persistent follow-ups. extensive coordination with various agenrAes, and a fcojs on ensuring Mr. Ws safety and 111¥. our 1•8m addfassed multiple cnPleX issues. While signrficant kwcgress was made in enhanciro Mr. Ws home environment and mobility, further eff(*ts we needed to engage him SLwialfy and improvè his overall quality of Irfe. This case exemlfieS our cxJmmiiTnenl lo holistic, perSonntred care in overcDming heamfvrelaled and soc4al thall$ng¢s for vulnerable IndIdUalS in our o)mmunity.
CHINESE ASSOCIATION OF TOWER HAMLETS IA COMPANY LIMITED BY GUARANTEE) TRUSTEES, REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 ELDER CHINESE YLL-BEING AND SUPPORT PROJECT Followlng Ihe oificlal concluslon of fundlng on 31 March 2023, the Elder Chlr&88 WelkBelng and Supporl Proiecl has rgmolngd $teadfa$t In Its commitment to 9oNlng th8 older Chln8se communSty. From 1 Aprfl 2023 to 31 March 2024, th5$ sall-fundad IniU8tiva eonllnu$d to uphold th& prolod'8 &ssontlg1 acUvitSes and collaborailons. furth8rlThJ our long-standing mi88ion to promole wellna88, communlty engagamenl. and cultural conlinully. Throughout this perlod. we have successlully malntalned a range ol programs Ihal our partidpants have found Immensely ben8flclal. These 8¢1Ivllle8 h8v8 provlded wl818paces for Indlvldualg lo forge new fri8ndshlp$. enhan¢e Ihelr phy81¢91 and ment81 well-belng. and ltIvate positive connecllons thIn the communlty. Foedback trom partlclpanls has con81818nlly highllghled Ihe importance of thè88 program8 In f08terfng 8 8&nse ol belonglng 8n¢J 8UPPOrt among elders, en8urlno thoy remaln adve and engAged m6mb8r8 ol thè communlty. Tha commllmenl lo 88lf-fundlng demonstrate8 our dedlcallon to 8U8tslnlno th68& crfllcal serylces, Onabllng us lo adpl Ènd raspond to the èvolvin9 need8 of our parllclpanis whll8 relnforcing our mission lo enrtch thè liv8s ol elder mambars of th8 Chlnaso communlty. Pr¢gram Contlnuatlon and Outcome• l. Chlnèsa Calllgraphy Classes wlth Popsy Au Our Chlne84 C¥lllgraphy ¢18$898 h8v8 flourf8h•d under th• expert guld8n¢• ol PJP8y Au. 8 hlghly 8kllled And beloved lutor. H•r Classes have bean so popular th81 we expanded from ona to three sesslons lo a¢¢ommodal& paruclpanls of varylng sklll levels. Pop8Vs unique leachlng style and deep knowledge of c8111gr8phy lechn6ques make hér se88lon8 both Instrucllonal and enjoyable. Partldpant8 have pralsèd her experlls8, nollng how hw d88888 d68pen Ihelr appreclallon ol Chlnése culture whlle provldlng a calm, creatlve envir¢Jnmanl. Many allènd888 have ¥har6d thal Popsys d8ss88 have helped iham fegl more conn8cl8d to theli herltag8. fostered new frfendshlps. and oller•d a relaxSng break from dally 8lres888. 2. Chalr Yogè wllh Wlnnl Ng Lod by Wlnnl Ng. our Cholr Ywa 89881on8 have con81etlIY allracled a largo aNJ de(11¢8t8d group. Wlnnl'8 popularlly as an In8iwdor 8tems from her compa881onate toachlng st$ an¢J hgr dual oxpgrt189 09 a quollftad Chlnese mgdlclne praclltloner, whlch bring8 an 8dd8d dimonslon to her cla88e8. Her knowlodge of both phy91cg1 mov8menl 8nd hollstic w8llne88 has 8mptsw8d partl¢ip8nl8 lo improve Ihelr fl8xiblllly, balanc&, and felax8110n. Many attend888 have shared that Wnnl'8 sgs$lon$ have posltlvely Impacted thelr moblllty and montal Clarfty, wllh the commun81 aetilng olso provldlng a 8upporUv& Sodal oullet. Her approach ha8 cr8ated 8 dass environment where partl¢lp8nls1oel nurtured, hoglthhr, and detY conn•¢ted ¢0 •8¢h oth•r. 3. Chlne8e Medldne Workshops and Consuttatlons th 8en8on Chan Our Chinese MedlcAne workshops, led by Benson Chan, hav8 contlnuad to be a well.altènded part of our offerfngs. Banson's axp8rt198 In tradltlonal Chlnase m8dSdn8 and herbal r8m8dlas has drawn steady partldpatlon, with many 8llendees expresslng 8ppreclatlon for hls knoedge3bla and accasslbla approach. The workshops cover a range of w8llnfj$$ toplc8, from undèrstandlng hathl tro8lm¥nls lo hollsll¢ $trat8918s for managlThJ common health Issu8S. Benson ¥lso offers Indlvldual ¢onsult8Uons, whlch p3rtl¢lp8nts have found helpful lor race5n9 parsonalized wellness guldance. Through Ihls program, attendees report reellng mor8 ampow8red lo 18k8 charge of Ihelr health using natural and traditional appioaches. all while benefiting from Benson s warm and knowledgeable support. 4. T¥blo T$nnl$ Club With only tables av8i18ble, our Table TennlB Club employs a len-minuie rotallon $yslem. alln9 Inl8ro8¢8d partlcipants lo t8ke Ivms. This activity Pfovides a fantastic physical workout and soci81 opportunty, with part4cip8nts enjoying bolh the lighl compelitlon and the carnaraderf811 fosters. The club has bec4Jme a favourite, with attend8e8 Sharing that It improves their starnina, COOTdinaUon, and mood. Beyond ihe physlcal benefits, the soci81 inlgr8dions have had a meaningful Impact, helping partirApants lael more connected and alleviallng feelings of isol811on.
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT> (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Ongalng Partn•rshlp Programs Continuing our successful partnership wth the zheIMer'S SocAÈty, we hosted the Brain H881th Club on the last Thursday of each month. This Club supports Individuals with brain health and memory ¢oncems, as wall as their C8rers and frfends. and has also welcomed thos$ expetl$nclng social isolaiion. FacAlitaied by A5zheimer's Society staff and our dedicatsd volunteers, the club offers engaging c(vJnltlve stimulation actlwtienC1Udin9 arts and rafts. music. singing. and seated exerases-which have been very wellwreceived. Participants noted that the dub provldes 8 Wami. understsndlng envlronmgnt wh8re they Gan nnect with others facing similar challeryJes and enga in enjoyabl8, m08ningful 8dvitl$8 that enhance mentsl wellness and social support. mKwthS In collaboration wth Social Action For Health. we ran &week sessions of the Good Moves Program. Deslgned to support Individuals k)ng-t8m hèalth conditions. Ihis program provided participants with practical skills and insights into areas su¢h as hèalthy ealing, portion control. and genue eK8rd$6. p3c1pants reported numerous benefits from Ihe program, including a stronger understanding of managlng chronlc wndlllons, IMprod adherence to healthy habits. and more confiden( comrnunication wth family and healthca prOderS. Bèyond thèse skills. Ihe Gc¥)d Moves sessions foster8d a sens8 of camaradèrfa among pa1c[pantS. rnany of whom ewessed a renewed commitment lo Ih¥r physical and mental health and appwlallfm) for the supwrtlve environment. <)Ji Line Dance class, offered every Thursday in partnership wth th¢ hAary Ward Centre. has been a joyful addition to the weekly scheduje. This program provides partiapants with an opportunlty lo leam new dance steps In a IelY and int$r8Ctiv8 group settlng. MAny p8rticipants notéd thè physical beneffts of increased coordination and improved balance. es well as the mental lift from moving lo music with fri8nds. The shared enjoy)nent of leaming and dancing toJether has made Line Dance a highlight of Ihe week. fostering stronger conn8Ctlons ¥thIn our communlty. ¢)Jr communlty came l¢yJether lo celebrate major Chinese cultural events. induding Christmas, the Mid-Autumn Festival, the Dragonboal Feslival, and a Chinese New Year luncheon Ht the Lido Chinese Restaurant in Chinatown. These events consistently saw enthu3iaslic partiripalion, with many 8tt8ndees èxpressing apprectaticffj for ihe ¢hance to honour trndilions and connecl ¥Mth fellow community members. The celebr81ions providèd a wonderful Way to strèngthèn cultural pride 8nd crè8tè shared memories. Participants shared thal these gatherings enrfch8d their sense of belonging. lifted their 8Pirits, and provided meaningful OPrtunitieS to connect with old and new friends alike. Our devoted volunteer, Candice Teng, has been instrumental in supwrtlng our cthnmunity by offering translation services. fom) assistance. and help with communi¢atson tasks for those fadng language barriers. This volunteer swvlce. available by appointment. has provided essential support to thos8 in need of assistancé wth administrative tasks. Many pae[pants expressed that this servlce has enabled them lo handle import8nt do¢umèntS and communicatlons more indep8ndenUy. bolstertng th8ir confidence and reducing their stress. Conclusion and Futur• Outlook The past year has been filled with pjsitnie outcomes ac¥oss all areas of the Elder Chlnese WdkBelng and Support Prolact. Through our continued programs. partnerships, and volunleer support. we havè baèn able to ueate a welcoming environmont whore partl¢lP8nt$ feel hèalthièr. morè connected. and proud of thelr Cultural heritage. Our acivilies have helped participants forge new friendships, improvo physlcal m8ntal haallh. and enjoy a heightened sense of b8kirkging wilhin the community. W8 éxtend OLtr slneere gratitude to our dedicated participants. volunleern, partners, and supporters wlv) have eontributed to this ioumey. Together, we look forward to advanciThJ our mission In the MIng years, fOsten an Inclusive. healthy. and culturally rfch ¢ommunlly for the elder Chinese population.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE} TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 CHINESE INDEPENDENT SCHOOL OF TOWER HAMLETS As we cyjndude the 2023-2024 academic year, l am hOrmjred to presenl this gAJmmarlzing our a¢hlovemonts and acilvitios over the past year. Chinese Schjol has made signffThnt strides in vari$ areas, induding leachlng, Itural acbwties. and sbJdent accOMlshme$. BolcM ara Ihe key hvJhlights aThJ athievements for this year. 1. Teacher D8velopm8nt arnj Trnining On Seplember 10. 2023. w8 ted the t1paI of London IAIW Chinese Scthcd. a reSped expert in Chinese 8ducatlon. to conduct an eNJagiNJ trainlry s8sskn for our t88cth8rs. This initsative gready enhanc8J their professional sktlls and leaching enthusiasm. Our lea¢hars. Sndudlng Llang YaNJ Xlawun. axl Zhang TalaThJ. paticipated in a GCSE and A-Level training OTganized by the British Clunese Edu¢ath Assthi8tion. The insh1S gained from thls tralning proved Invaluablo. We activety organFzed particapation in spgialized train¥ prowded by the Chinese Language Education Foundallc for overseas Chinese leach. ¥thkh imyoved our tethrs. educaticTl philosoph arKI method010gs. On Oct0t 27. 2023. during the Teacherfs Day celebralion organthd by the Brilish Chinese Ethjcatkin Promotion Association. our teacher Chen Yang receNed the (kntanding Teach8rAward. 2. Culiural Exchange an¢J Cdebratory Events On February 6. 2024. ourstudents and stsff cebt¥atwJ th& Chinese New Year wilh stsff frcth Ihe chIrSe Embassy. PartitiP8nts enjoyed a(wts such as arthwy, dumplinw)akitvJ. and kamed aboui Chirbese Iture vthile watching exryting perfcffrnan. 3. SludentAcievements and Honours Six of our students re¢eNed athievemenl awa$ from the JPF FotsndatI. leathw Chen Yanplng was honoured with a leadership award. On March 12, 2024. our students and teachers attended the JPF Foundation's awar(1 ¢grgrTh)ny. vthich fvther molivatod bolh sludwts staff. With th8 SUPPOrt of the JPF Foundatkjn, we suoxsfully estsbiished our Drngon and Danea group. enriching our studts. ll¢ural experiences (xjtside of the d8SsrTh. W8 held sthookwde Q>nFettrffjs li ¢alligrnphy. essay atyj I¢¢lati. rg¢¢)mmeW oLtslandW works for hi9her-lev81 Contests.
CHINESE ASSOCIATION OF TOWER HAMLErs (A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT {INCLUDING DIRECTORS. REPORT) (CONllNUED) FOR THE YEAR ENDED 31 MARCH 2024 Sbjdent Huang Xk7nyong secx)nd pw, bthile Fei IVe Ihird prize. Our sthoJl receivJ the Ex¢ll¢nt Organoati<N) Award. with sbjdent zh MirMJiie winning a silver ffdal atyj Lln Kexin. Yan arui. arKI Sun Moxu eIng honc43ry crtrfi¢. Huang Xiaoyan won a silver madal, Nbthlle HuabVJ ¥8n. HuarMJ Zloro. Lin thaxin. Yu Ji8long, 8nd Zofia r1vad third prizas. 4. Gradualion Ceremony On Jun8 23. 2024. we successfully held (r graduati¢ txremony. celebrating Lwjr students. growth 8nd a¢hie¥oments. and gquipyng them th the Confiden and sirength for thèir future endaavouTS. Future Plan$ for 202025 Looking ahead lo the 2024-2025 academi¢ year, we 8im to fco C the folloryng inrtiatNe&" CurrieJJlum Rafcffii". We 11 introjuce new course #Ju1es that emphaslze Chlnese cltUre and history. prwding sludents a Comprehensi understsnding of the langLe and its tx)ntexL Tethnol<>5y Integr8t.. We plan to inc()rp more m¢>Jem technolcoy into wr teaching melhods, enh8nryng online leamiry plattomis to meet o)nlempMxary eduCati(al n88d$. . Enrlthment Actsties: We wll expaThJ exlracuThhwlar offiigs. induding cJbs and acaivibts that promote tradtucffial arts such as caligraphy. paintiThJ. and Chinese musi Stren9thening Parent-Sc)ool Cc41abcfation.' We a¥n to f(k8ter strw o)mmunication and partnershlps Y1h parents through regular nieetings and o)mmunity events that sur4)1 studenl development. Profession81 DeVelopmL We will ccffltinue to W0de wr tsacE wlh opporiunities for professK*nal gr(h through workshcos. training SlOns. and conferencES. In 8ummary, Chinw Schcd has made sigThficant prcwJress ac¥c6s multiple fronts thls year. We rem&n committed to providing 8 higlwualty 8ducation for ryjr sbjdents and creatirrfJ opkxltunttsès for our teathers, profe38ional develowrent, vthile prThTh)ting Chinese ()Jture in our communAy. CHINESE WELFARE TRUST ADMIRAL NURSE CUNIC SERVICE Introductlon In Its sef))nd year, tho ryAlaOn betren DeIlla UK arKt the Chinosa Welfarn Trust remains d&Ji¢ated to Prolg essential d8manti¥ swaalist support to Chit)gS8 and S¢YjtheA5ian fan¥lies Imng dementia a(¥oss five boroughs in London. In Tower Hamlets. the chir Weware Trust Admrdl Nurse Cllnlc has established a strong relationship ¥Ath Ihe Chinese Associ8tkM of T¢>w6r Hamlets and operates every Tuesday at Ihe centre. This partnehIP is invaluable to ojmrnunity members, staff, 8nd the home team. as il eonlinues to provide dementi8 SiJPPOrt wrthin a trusted and familiar enrOnMent. 113150 altracls tsrnilies frryn Èast aThJ southeast London, who me to the centre to benefft bolh the Admiral Nurse Clinic and the varioLKS a¢AiNibos the ¢)ffered.
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Outcomes Th8 d8t8 report loW covérs the lime poriod 181 April 2023 to 31st 2024 for aclivitl8s related lo Chinese Associatson of Tower Harnlets. IThe ClinicAdmiral Nurse was on extended leave in January 2024.1 Behveen 1st April 2023 and 31st Mah 2024. there wore 46 requests for dlnk apwntmenls in Tower Hamlets {28% of the totsl 167 r8que8ts1: 9 new appcintmenl requests 37 requests for those who have attended a prevMYJS appointment Our sarvic8 8lso recorded inlom)alon on the oul¢omo of r4quosts for appoontments.: 39 dinic apwnlments Were completed 6 were incompleteldid not answerlattend I were inappropriate requests Iraquest did nol maet critoria for dini¢ sarvice) How the Garer heard aboul Ihe dinlc was recorded for •ach awjolnlmenl rnquest and the most ethnmon way139%1 was through voluntary s8Ctorsuch as Chln8s8 A$sodalt ofTow8r H8mlg1s. The average lime lor8 clinicalectiw-lywas 49 minutes {the average ranged from 42 10 80 mins). Clinical activity was delNered mosuy via a mixture of face to face and lelephone contacts. 74% are Iglephone ntscts. 23% are face io face conlacts and Ihe rest {3%1 arè wdeo co11 CnIactS. The mosl o)mmon cllnlc81 InleNenlions recorded are Accessing local support and Soci81 Care eoncems and Mentsl Health of Carer. Most Common signposling 8ctivit8 recorded were siJnpo$ling the Carers VoluntaryAhird sector, to their GP or primary care, Heallh and 8ocAaY ogre Worker currenity involved in case and Carer mental health support. Demogr8phi¢ infornyétion w88 recorded lor 15 carers and 15 pecol8 living wilh dementia for Tower Hamlets. Maiority of the carer arè female and evenly distributad across ag8 groups from 31 to 70 (3 eath in 3140. 41-50. 51-60 and 61-701- Most of Ihem are tho tdau9hlor of peoFde living with demèntia. 60% of them pIrred spe8knng Cantonese and 530A regards Ihem88fves as Hong Kong Chinese. 10 people liwng with dementla are mal$ and 5 are fomale. marity ol th&m aggd from 7140. Most of them are diagnosed wth Alzheimer's diseaso. 80% of tho P8OFAe Ilving vAth demontla pr8fwreil spoakSng Cantonese and 670k regards themselves as Hong Kong Chineso. Alongside woth'ng difectty with famili8s. Admiral Nursas work wlh 0th8rs to promote best practice in d8m8ntia care. 146 supporting b8st praclicè activitiès. including speaking lo promo¢8 and Inform audièneA about Admiral Nurs8 and dementia, advice and support to health and social care professionals. presenlation al best Practice events wère reojrded from 1slApril 2023 and 31st March 2024 in all districts. Slnc8 October 2023. the dlnl¢ has p8dnorgd the Alzhelmer's Soclgty Tower Hamlets and Iha Cllnese Assodation of Towèr Hamlets lo host a monlhly memory ¢afo, n8med"Brain Hèalth Club" at tha cllnlc& su99esllon. This unique name e¢l8 the specific needs of the community arKI aims lo bridge cultural gaps oftgn present In tr8dition81 dementia care seNce8. The memory cafe extends support lo a wider range of friends and famlll$s affected by dementia, providing a welcoming space where they can connect arKI find support. After successfully recrultlro volunteers for tho group 8&sslons. the nurse gradually stepped bock from Involvement and contlnued fo¢uslng on prowding clinical support al the dini¢.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Concluslon Most f8milie8 acLessing tho d1Th are either eng8g&l in th& Chinese AsstYSa0n of Tower Hamleis. acttvilias or make use of its hcffie care serwcts. Additional]y, some famillès livwig In oth$r bh$ hava begl vlslting th8 dlnlc and are enwraged to kln th& asstsiatwjn to fulty benefit from both the dinic's service3 the centre'g 8¢llvhlo8. The wular dinic aky)intmonts and rop&8t 8tt8n¢J8ncs hvJhlKJht the pjslllve outcDmes of collaiNaling th k)cal community groupB, li.e. the Chin88e Associath)n of Tor H8mletsl lo roach underneNed populabons. This mutt agency appioach demonstrates ihe impNtsnce of engaging with minority communltl&s to build trust. Improve ac¢esslbllity. and pmkle essentw supwrt to iThJividuJ¥ %tho may not typieaty Seek help oulsldg thelr cultural In 2023. the dinlc was knoured as a finalist in several wous 8waTd8. Indudlng tho Nurslw Tlmos Award$ In the catogorfes ol 'NurslrvJ Sn Mental Health. and 'lndusivlty In Nursing,. the Royal Cdlege of Nurslng Awards for 'Nurtlng Old8r Pe,, and th8 Patl8nl EXp8r1èr Ntwc National Awards for 'Corrffiunlcatlng Effadvely wlth Paiienls and Famllles.. Th88e recognitKMs undtr$ts) Ihe dinlc'$ $uccess in dd¢verfng c#Jlturally sensltive health sarvlces that address unlque barrters and ex•mplify IrU$l¥0 we. Thls a¢hlwgment would not have beèn posslblè wlthcwjt th• vltal connectlon and support from 0jm¥Jntty céntres. FUTURE STRATEGIC PRIORMES Our prlmary f¢XUS rwrtalns on rebnlordng and gIn9 our pat)ernhlp wth Towor Han4eis Coundl actlvely •xpaTrdlng our presen&9 In the prfvale sectrf through referr81s fr¢Mn the NHS 8nd c15n11 Commlgskjnlng Group ICCGI. To financial stabilbty, alm lo dlvwfy income Streams by offerfng acce$8lblo. fee-based servlc6s th81 ¢ater to our ¢ommunlty'$ nefjd8. Ow strategy al80 IrlJdeS enhanong rtcrulbnont •ffortg and 8xplorfng &xpan8lon opportunlllg$. vAth a I<>a on extended shMI hours lo better cAJr dlents. In alignment wlth our priv8te 8artc expan8th. CATH h undertAking 8 fiAI r8dwn of It8 b$ll8 to Improve aesSIbIlity for 811918kehohJtrn, induding Kosp8cllvo dbonts. 8thff. rnf•tTef8. fgmily members, ar)d funders. Thi8 Inltialve wll be fiJrth8r supported by engaymtnt on me(110 platfom15 Ilkg Facetr)ok Twitter, •n$urlng that we ramaln connect•J and vlslbl8 Ihe (MUn. Over the next five years, our prlmary goal 18 to elevato CATH'S quallty rating from W lo"Ouistar¥Jlng." By 2025. our aim 18 for tfw w8 86Ne lo experience: Exceptional auallty Care.. 1 S8k wlll strive to exceèd quallty starrds. . CollatQTOtlve Care Modéls: Clienls wll actNety shap8 our ¢arn mls. r8118ct8d In posltlve annual surv8y rfjsults. . A Strong, Valu8d Team: Our staff wll •¥oy fv)b row supwt. and recognlilon tr thèir d8dl¢8ti0n. Innovati Technology for wd14)e.. Te(rA wll bo 8eamtessly Intsgratad to enhance dl8nt IndeF4nden¢8 and overall health. io-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 . Prominent Provider ChIre Communrtw in Lryth.. To eststyi$h CATH as a ¥wlWardod Fwwlder ol communty&sed support for adults of chine Iwwjin, ilyKn9 frail gld¥rs, individuals with leaning disabilities. and those f8(aNJ Mtal hèalth . Financial Sustainabih'ty. Athieve finarxial res16e by LYoa(1thrKJ sowces. focuslng C priv8le dients and NHS patherships. . CLFStomrzed Support Pawes: DistKiguSsh our ser¥Kos by rj tslbred oynmunity-based support packages for each dient's unique needs. . Spaoalitad Trnining Progra Deliver largeted Heallh and Scoal Care edLThtion programs SiftllY for the Chinese community to further enharKe acCeSsty aThJ care qUrtY. ¢)Jr fv&year wsion underscores our commitmént to Ity. Nidusiwty. suslAirthlty. setliig 8 now stand8rd for cullurajly attuned. communlty-based support in PUBLIC BENEF STATEMENT The Truste¢s of CATH are sleadfasl in their ciffimilmenl to fiJlfilliThJ Ihe requirements sel forih in Secticffl 1715101 the Ch8ritie8 Act 2011. This indudes a toUgh o)ns¥Jeral1c of the Publ benefft guidan¢¢ published ty th¢ Charity Commission. We reoJgnRe that our role as a ¢haritable ¢yganoation extends beymd m&rely ptDvldlNd services.. it invofv6s fostering a thrivRw communityth everyone 5 th$ suppcwt Ihgy nood. CATH is dedicated to s8Nng indMdu81$ 7th0 live. w(¥k. CY siudy in 8nd around the Lcmdcffl Borough of Tower Hamlets. Our doors ars open to all of the community. wilh a parbcaJl8r focxjs on the Chinese population. vtho often face unique challwges in navWirYJ scKi818nd heallhcare 5ySlems. We understand thal barriers suc as languago. cultural differèrtss. ar is(4ation (3n hinder ac£ess to essenlial services. Theretre, our commitmént to Inejusivtty ensures that OLW wTrJrnms are deswgj to the diverse needs of our ccfflmunity. regardless of badrground or arujrrtstances. As a Mtal sodal lIural hub frjr th8 Chinese MmUnty, CATH Offe a rarue d social welfare 8eNces almgd at enhandng the welkbeang of our pBrtic4panl& actsvill indude. tmjt are Mt limiied lo: . Wellness Prcrfjrams.. T kYoty8m5 are designed to FthysThl and mental health, addressiThJ ¢ommon issues suth as stress. anxiety. and thronic i1rSS. Through regular health workshy. exercise classes, and mindfulness sessions. parbclpants can deveky heallhier lifestyles and eoplng strategks. . Educational Workshcys: )Ne valuatrAe &1U¢atia1 re8cwr thal empw &)mmunity m8mbtr th knowladg& and sknus. TOt$ r#nge frorn nutsilion and heallhy cooknng to financ•al literacy and legal rights. enabling p8rtioapants to make infcffiigj decisM at1 their heth and Welbeing. Heatth and Fith8ss C18sses: Our 8$, indudin9 Chair YfJa and Tai Chi. are sperAfically tailored lo ac¢omm¢x1ale v8riLws age groups and physi& atYleS. They physical actiwty, improve moknfjty, and foster s(x4al connecaions anw parbapan . Cultural Events and Swal Gatherings: We host VW10L 83 thoughryjt the year, such as Chinese New Year celebralions. Mi&Autumn Festiv gatherings. and other cJJhural actimties. TW events not only celebrale cultural heritage but also serve as imtyytsnt (pp(#lw)it*s for swal interaclion and ¢ommunty 11
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEEI TRUSTEES, REPORT (INCLUDING DIRECTORS, REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 CATH'S commitment to these aciivities illustrates the signrficant public benefit arlsing from our charftable efforts. The positive outcomes experf$nc8d by our particJpants arg evident in numerous ways.. Improved Menlal and Physical Heallh.. Many participants report feeling healthler and more energized as a $ult of ¢ngaging in our wellness programs and rrtness classes. The $uppoitive environmènt fostars a sense of belongin9 and encourages individuals lo priorittze their health. slrgn9lherl Comnwnlty Ties: Through p8rti¢ipation in our programs and events, individuals forge new friendships and connection5, reduring feelings tsf Isolatk)n. Th8sa rélationships are vitsl for emolional support and community resilience. Empowement and Skill D8v8loprnènL Educational workshops empower participants with gss$ntial Ilfe skills. boosisng their nrenCe 8nd en8bllng them to navigate challenges more effeclively. This 8mpowem)8nt translates into greatèr cornrnunity engagemenl and Involvement. Cultural Enrfchment.. 8y prodIng opportunities to celebr8t8 cultur81 traditions and lèam aboul heritage. CATH plays a key role in preserving culturnl identity and fostering pride among o)mmunily members. In summary, CATH 18 mMItt to crèating a tanglble public benefit ihrough its wde-ranging seNices and acllvltSes. Our efforts not only address immediate social welfare needs bul also wnlribute to the overall health, well-baing, and ¢oh&sion of the mMUnIty. We strive to be a beacon of support for Ihtsse In need, ensurfng that our charitable endeavour8 continue to make a meaningful Impact in Tower Hamlets and beyond. RESERVES The TrusteeslDirectors ad¢novA8dge the fxIti(sl IMpn¢& of maintaining adequate financial Teservgs lo mltlgat¢ the impact of unforeseen decreases in income or UneXpecd Incrèases in expenses. The Chirse Assoclallon of Tower Hamlets ICATHI currently relies heavily on revenue genèratèd from its Home Care Service to sustain its operatlons. 9$ grant funding alone would insLfficAenl to support the organlzallon's actlvSties. Thls rnllanca on eamed income presents a signffKanl risk; should there be a dlsruptlon in Ehis revenue stream, CATH could face th8 prospecl of dosure. To safeguard against this potentlal ihroat and ensure operational ojntinuity, Ihe Trust8èsIDlrèctors ha mad• ihe strategic decAsion to maintsln a financlal reserve that would Support core ¢¥18r8tions for 8 mlnlmum of nln¢ monlhs In ihe event offunding ch81beng8S. The primary ¢oncems of the 808rd a as follows: Job Security for Staff.. 11 18 es8entl81 thxt st8ff m8mbers can continue their roles, primarity lo focus on securing new funding sources. Additionally. il is important Ihat the organization meets its obligations to employees in the event of a necessary wind-down of seNlces. Support for Members and Seryic8 Us8rs'. Should fundln9 dlfflculiles arfse. CATH is committèd to ensurln9 that Ils members and service users receive adequate support to transltion to aliemalive 8ervices. This commitmènt unders¢or¢s our dedication to Ihe well-being of those we serve. even in challenging drQJmstan. By adhering lo this resgTh8s policy. th8 TrusteeslDirectors aim lo foster financlal resllien¢e. proiect the interests 01 our Staff ar serv?r userB, and ensure that CATH Can continue to fulfil its mi3sion effectively. 12
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEEI TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUEDI FOR THE YEAR ENDED 31 MARCH 2024 STRUCTURE, GOVERNANCE AND MANAGEMENT Tha Chin8se Association ofTower Hamlèts Is a Company Ilmlt8d by guarant88. The trustees. who are also the dlreclors for U)e purpose of company law. and who 8eryed durlng Iheyear and up to Ihe date ()f signature of the finanaal Slalemenls were: Mrs P Hayward Ms M L Cheng MrHHWu Mr H Salah MrCYI MrTVLe MsSLetr {AFvointed 5 May 20231 None of the Iruslees has any beneficAal Interest Sn thè company. AJI of thè 1rustS are members of the company and guarantee to contribute £1 in th6 event of 8 wnding up. APPOINTMENT OF TRUSTEES Applications for polenllal Trustees ar8 sought through reglstrallon th 8ppropriate local neiwork8 8nd assodalions, through the Chatlty's webslt8 and through invitstions sent out in mernber mailings. Membership of Ihe l)oard of truslg0$ consists of Ihe Chair and up to eight olher Iru8tees eleded ty rnember8 of Ihe Charity 8$ detemin8d by Ihe charis Regulations. The Board also has the power to rxw)I persons Io serve as members of tho Bo8r(J until the next election of Irustees. TRUSTEES INDUCTION AND TRAINING Trustees take an active role In succession pJannin9. Polenlial Trustees are initially provided wilh reports that will enable them to judge whether to pursue an appointmonl. Skills Audit fomi$ aro Mpleted prior to an interylw wlth the Chair of the Charity and the General Manager. If candidates ars regarded as suStable. and wlsh to pursue an appointment, an orienta'0n session is ar(angad. Thls fom)s port of the ongoing Induct#)n process and Involves meetings with key siaff, attendanc8 at samlnars and Committees and at lèast on$ Board moeling. Fo11thng satisfactory completion of the wruitment proo9$$ the Board will r$¢ommond appolntment 8$ a Twst49. ORGANISATION The Board has tha overall responsibility for the govemance of the Charity. 11 meets at least four times a year. Regulations specAfy the powers of the board and the authority delegated to Sl0r stsff. The Genera Manager is responsible for the day lo day managemanl of lh$ Charfty, worklng withln tha financlal framgwork, procedures and policias set down by th8 Board. Thè Gèn8r81 Man89or h8$ deJ8gal$d authorfty for hum¥n r&sour¢& plannlng, employment. service d•valopmant and fln8nce. Thé n8m8 of thè sènior staff member lo whom day lo day management of the charl¢y Ss delegated lo Mr. Alan Chau. G8neral Manager. RISK MANAGEMENT The Board of Dlrectors holds a solemn responsibility to dlllg8ntty asses8 and pr08¢1ively managè rfsks assodateil th the ch8ritabla organlz8tion'$ 8etiviliès, ils bgngficiarie$, and Its 8stsemeil putation. CATH. in light of its operation wthin a highly regulated enwronmenl. must remaln vlIant Sn ensurin9 adherence (o relevant regulatlons. a8 non-cornpli8nc8 could result in subslantHI financial penalties and thfj revocatlon of our registrailon. To effectively mitigale complL2nc6 rfsks. CATH has rigorously adopted Ihe Care Quallty Commlsslon ICQCI Standards and invested significanily In staff tralnlng. Tha organlzallon malntalns comprehensive p0cleS and procedurès lo ensure ongoing compliance, CA)mplemented by regular quality assessments and judicious 8Ction3 to rnitigate any i¢JenlIfd risks. The OTganization's 'Good' rang, bestowed by the CQC during the last inspection in August 2017, serve3 as a ieslamenl lo CATH'S historical success in risk management. This ojmmilmenl lo risk mltlgalion has endured evèn amid the challenges posed by the ongoing pandemic. 13-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The Board of Tru$lees has consislenlly recognized the presence of inherent ext8mal risk8, beyond the organizalion's control, alongside Ihose foreseeable and manageable. The Trustees m8int81n the bell8f th81 the existing systems and controls, which have been and conlinue to be in arE to monitor, manage, and Mitiga the aritys major rlsks, remaln efficacious. These key risks a as follows: Govemment Policy Changes.. Shffts In govemment wlid&s culd profoundly affect CATH'S operations. espeo11Y ¢hango¥ imp8ding zero-hour contract8. Since m8ny of our c8re ¢ontracts 8r8 Spot-purehasè agreement8, immediats 88rvice suspensions in ca3e8 such as hospitakbas$d care h8v8 an instant operationel effect. Policy changes proposed by Labour. such as sick pay eligibility from the first day ol absen¢¢ 8ntJ the right to patemal leave froffl d8y one. pos$ a¢Jditron81 ¢hallong9$. especially for part-tim& and Sessional care workers. potentially increasing operational co8ls. Addilionally, a wise in Ihe Lwing Wage could further elevate payroll expenses. addir4J pressure to manage wage incre&se5 Vrithln Ilmite¢J budgets. Recognizing these potential impacts, the Board monitors these developments closely arKt has devised strategies to adapl. including increasing revenue fr( personalized budgels and privately funded dnIs to malntain financial stability. Stsff Recruitment and Retention. The organization's abilily to deliver cL)nsi81enl care servi¢es and expantl Its reach hinges on a stable. skilled wotl(force. The currenl funding model and nature of our semces require th¢ use of zerothour contracts for care staff. an approach CmOn in the industry. However, Tru81ees recognize th81 this model can limit job security for employees and affe¢i retenlion. Additk)nally, rising Living Wage requiremenls add financial strain. further underscoring the importance of recruitmènt and retention strategies. To address ihese challenges. the Board is actively exploring opt$ lo improv¥ job stability and working conditions and remains committed to ojliivaling a suppcfftive work environmènt to attract and retaln qualified staff. STATEMENT OF TRUSTEES. RESPONSIBILITIES Th8 trusla8s. who are also thè dirèctors of Chin8sè AssocSatlon of Tower Hamlels for ihe purpose of Company law, are responsible for prep8ring the fnJsl8os' Report and the financial statements In accordance with applKable law and United Kingdom AcUnting Standards {Uniled Kingdom GenerallyAcceptsd Accountlng Pracitce). Company Law requlws the Iwst8es to prepare finan¢lal statemonts for ¢ath financial year which give a true and fair view of the stste of affalrs of the Chinese Association of T¢)w¢r Hamlets and of the incMIng resources and application of resources, including the income and expenditur8. of the ¢haritable company for thal year. In preparing th888 financ4al statements, the trustee5 are requlred lo.. - select Suitab accounting policies and then aOy ihem consislenlly, - obs8Ne the methods and pndpIeS In the Charftlos SORP: make judgements and estimates that are reasonable and prudent.. - pr&par8 thè flnandal statemonls on tha going concem basls unless It Ss Inappropriate lo presume that the Chinose Associalion ofTower Hamlets wll conlSnu8 in operalion. The tru$le#s a responsible for keeping adequate acoiunling records that disclose Wlth reasonable accuracy al any time the financial position of the Chinese Associalion of T¢)wer Hamlets and enable Ihem lo ensure that the rinancial statements comply the Cc4npanies Act 2006. They are also responsible for safeguarding the assets of the Chlnese Assodaiion of Tower Hamlets and hence for laking reasonable steps for the prevention 8rYl detectlon of fraud an¢J other Irregularllles. Thtr Iru¥toe$' rort wa$ approv¢d by tho Bo8r(l of Tru$t¢$$. MsSL8é Tru¥tee 14.
CHINESE ASSOCIATION OF TOWER HAMLErs (A COMPANY LIMITED BY GUARANTEE) INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHINESE ASSOCIATION OF TOWER HAMLErs I report to the tnjstees on my examination of Ihe finan(aal Statents of Clwn88e Assoc4alion ol Tow•r H8mlots1th8 Chln8s8 Association ofTower HamEets) for the year ended 31 March 2024. Thls rgport b mgdo ¥dely to thg ¢harW$ trustees. as a b(¥Sy. In oLxx¥do ¥Ath seclknn 145 of the Charities Act 2011. My work has been undertaken so that I mKJht s181e to thg ¢lwrtys trust90$ those maiters l am required to stats to Ihem In th18 rowrt arK1 for no other wrKx)so. To (ullo81 exlenl pemiiltad by law. I do nol acropt or assume re8pon8ibility to anyone other than the chwity and the chil8 trustees a3 a body, my wort. for thls report, or fw tho oplnkn¥ I h8ve fom1. R••ponslblllll•• and ba81• ot report As the INSt ol the Chlnfjsg Assodallon of Tower Hamlets (8nd 81$0 Fts dIrect for tho purp)ses of company 18wI you arg r8gpon$lble fc th$ prsparatbn of th& flnèno81 sts10mts in 8o>)rdan¢a the raqLllr•m8nts of tha Comp8nSe8 Act 2CIJ6 (the 20CK8Actl. Havlng salisfi8d mysalf that the finanoal statwn8nts of tha Chln888 AssocAallon ol Tower Haml8ts are not requlrtd to b8 audlt8d undar Part 18 01 tha 2CK16 Aci and arn dlglbl• for Ind8p8ndanl axamlnatlon. I report In réspèct of my examlnallon of Iho Chlnesg Assc4alk)n of Tw H8mlets's fin8nc481 statements canled oul under $tIOn 145 of Iho Charllles Act 2011 Ilhe 2011 Act). In carrying c¢ my 8x8miwli I have fo)wed al tha 8ppllcable Dtr•ctlons glven by the Chadly Commlssion undtt 8edlon 145(5Mb) ofthe 2011 Ad. An Indepondent examlnalton does not gatherlng 811 tho e¥ld•nc Ih8t would be requlred In 4n 8udll and consequently does t cover all th8 maitars that an aLtdiior In glving iheir oplnlon the flnandal ststemenis. The plannlng and conduct of an audlt goes bend ihe Ilmlied g$surance ihai #n Independènt oxamlnatlon pro¥Adg. Consoquenty l express no {Wnk as ¢0 ¥thelhw the flnondal staiements present a 'tru8 nd f8lr' th and my r•port18 Ilmlted to lho 8p& maltern 80t •pendent examIr.8 sl•lwnenl. Ind•p•nd•nt •x•mln•rf •t•t•m•nt Slnce Chtnese A880dau of TO1 Ha181S.S gross Incom8 excAeded £250,th)O your ex8mlrK8r must be a member of a body 118ted In sec15on 145 of Ihe 2011 ACL I confirm thal l am qualthed to und&thk6 thé 8x8mlnallon boGau801 am a rwnber olA88oclalth of Ch•1ored Cwulled fvoxwntsnts. ¥thlth * on• ofiha Mstod bodla$. I h?v• ComOI•d my 8MInatIOn. I ccrfmi th81 rK matt•r8 c(#)x to my att•ntlon In o)nneon vAth lh• •xamlnatlon glvlng m$ COLtye to believe that In èny m8lwl81 rtspec¢'. aCcnIng records were not kept In r8SF¢Ct ol th8 Chlne80 A8sod81kn of Hgml8ts 08 rgqulr&J by eed¢)n 386 01 the 2006 Act; or the financ1 slatemenls do nol th08e records; or tho flnandal s¢8tfjments do rK)I cwitAy lh& 8cuuntlng wulmwnts of 8•clh)n 398 of tha 2008 Act oiher Ihgn any r•qulr•m•nt that th• give a In and tslr th thlch18 nol 8 maltw c4)n8rnd •$ part of ¥n Indepond•nl eumln811on; tho fjnandal ststom8nts havo nol ts8 prop8r8d In Ihfj mgihods ond prlndples of the Statement of Reu)mmènded Pra(alce for aCtntl9 and re1rvj by ch8ritios appllcablo ¢0 ¢harttlg$ preparing Iheir 8¢counl8 in a¢¢>)rd8nce 7hith thè FinarKial Rewting Standard 8ppllc8bkn In th• UK a1 R8publlc of Irdand {FRS 1021. I have no CncernS and have com8 across no oth8r mait8rs In vAlh th• ox8mlnal1 to Ithich attenllon should b& dr¥wn In Ihls repwl In ryder to etwble a undersWThJ of the finandol $1olwwits to bo roa¢h8d. Goh Yong Chong Sllver Levone IUKI LSmlted Chart•red C•rtW A¢¢ounl•nts L8vel 5A. Maplo House 149 Tott8nham Court Road London W1T 7NF Oat8d'. 2911112024 15-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEEI STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2024 Unr•$trl¢tsd R•atrletad fund$ lund$ 2024 2024 Total Unrèstrleted Re8trleted funds funds 2023 2023 Total 2024 2023 Notes Income and •ndowment8 from: Donatlons and le9acles Charitable aclivitl8s Inv8stmtsnl8 Other IneA)mo 372,955 41,527 10,131 2.452 372,955 45,327 10,131 2,452 340,591 48.449 688 3,264 340,591 81,368 3,800 34.919 3,284 Total Incom• 427,065 430,865 3.992 34,919 425,911 Exp•ndltur• on: Char(table actlvllle8 392,815 2,022 394,837 348,589 85,130 433,719 Tat*l •xp•ndltur• 392.81S 2.022 394,837 348,589 85,130 433,719 N•t Incom•l{•xp•ndllur•l and mov•ment In lund• 34,250 1.778 36,028 42.403 150.2111 (7,8081 R•conclllatlon ol fund•: Fund balarw at l Aprfl 2023 549,808 30.047 579,655 507,205 80,258 587,483 Fund bal4nc•$ at 31 March 2024 583.858 31,825 615,683 549,608 30.047 579,655 Th& stslemenl ol Ilnanclal activllles Indud08 all galns 8nd109988 re¢ognlsed in the year. All Ineomo and expendllurfj derlve Irom Gonllnulng aGllvlties. 16-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) BALANCE SHEET AS AT 31 MARCH 2024 2024 2023 Nots8 Flxèd assèts Tangibla assets 11 7.155 8.287 Current assets Debtors C8sh at bank and in hand 12 49,987 585,438 56,435 544,208 635,425 600.643 Creditors: amounts falllng du• wlthln one year 13 126.8971 129,2751 Net current assets 608,528 571.368 T¢tsl assots less currènt Ilabllltles 615,683 579.655 Th• funds of Chine8e Association of Tower Hamlets Restricted income funds 15 Unrestricted fijrids 17 31,825 583.858 30,047 549,608 615,683 579,655 The company is enlilled to the exemplion from the audit requwem8nl cL>ntained in seciion 471 of the Companies Act 2006, fof th8 year en¢Jed 31 March 2024. The dlrectors acknowled thelr r8sponslbllMle$ for ¢omplying wllh thè requlrsments of the CompanS8s Act 2006 with respect to accountlng recorils and the ppara0Th of finaniaal Stslements. The members have not requlred the CA)mp8ny to oblaln an audk of rts financi81 slalements for the year In quesllon In a*dance wth section 476. These finanrAal ststements have been prepared In accordance th the provlsSons appllcable to companies sublect lo the small cL)mpani8s regime. 13 ..140¢ Th8 financial ststements were approved by the trustees on ............. 4r 2014 . MSS Lee Trustee Company reglstratlon numbèr 01720498 {EnglarKI 8nd Wales) 17-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMrrED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024 Accountlng policies Charlty Inforniatlon Chinese Assoualion of To•T Hamlets is a private MpanY linNted by guarantee incorpornled tn England and Wales. Tha registered office is 680 Commerical Road. London, E14 7H 1.1 Accountlng convention The finanaal statements have been F)repar&d in accordance with the Chinese Asso¢18tion of Tower Hamlets's memorandum and arbdes of assoryatian, Ihe Companies Aci 2006. FRS 102 Tr Financ Repotng Standard apIcae in Ihe UK and Republic of Irèland" fFRS 10T) and the Charities SORp"AruntiJ and Repting by Charities.. Statement of Recomrrended Pradie alwable to charities preparing Iheir accounts in aordanCe the Finanual Rewbng Standard appluble in the UK aThJ Repubtic of Ireland IFRS 102)" (effective 1 January 20191. The Chinese Asscwiabon of Tower Hamlèts is a Putlic Benefrt Entity as defined by FRS 102. Tho Chings8 Ass(KiatKJn of Tower Hamlets has tsken th8nt8ge of the wovisions in the SORP for charities not to prepare a Ststemenl ofcash Flw. The finanual statsments are prepared in slerfing, whith is thè funclional cuThency of the Chinese Assodadon of Tow8r Hamlets. Monetsry amcyjnts in these finanaal statèments are Tnded to the nearest £. The finandal statements have beeft kYep¥éd undèr th8 hisknical cx)st omvention. The prfndpal accounting polldes adopted are set uJt below. 12 Golng concem Al the time of apprOrd Ihe firbanual statements, the trustees havè a reasonable expectalion that the Chlnese Assouation ofTower Hamlets has adequate resources lo ctinu in cyrational existen for the fLw8seeable ture. Thus the trustees c4)ntinue to adopl the gcffjg corKem basis of accounting in prepamg the financial statements. 1.3 Charltable funds Unrestrict&J tsjnds aF¢ 8V8llable * the disc¥elion of the Injstw in furtherance of thdr d)arStable obiectiv&s. Deslgnated fvnds comprise fvnds vthi¢h have beèn set aside at the okntion of the trustees for spedhc purposès. Th8 purposes and uses of U)e (Jesign8t8d funds are set cmjt in the notss tr) tha financ4al ststements. Restrktsd thjnds are subject to speafi¢ (x)nthUons by donors or grantors as to hcpw Ihay may be used. The wrposos and uses of the restricted funds are set out kn the rKJtes to Ihe financ3aS statèments. 1A Income Income is reCdn1$8d when the Chinese Asscoalion of Tower Hamlets is legally enti lo It after any Forfomiance cond18 have been the nIS can be mea8ured réliably. and it is prob)le that In¢ome 11 ba r8eeived. Cash datIOnS are rwnised on Olher donalicffls are rg(xNJnisad oncE the Chinese Asswation of Towor Hamlets has beon notified of the donaticm. unless performano (x)nditions require deferrdl of th& amounL In1me lax recoverable in relalim to donations receNed under Gift Ahj or deeds of covenant bs recognised at the lime of the donation. LegacAes are rettfjnised on raeeipt or 0th8phise rf the Chirse Asatffl of Tower H#M has been notif of an irnpending disln"bub"on. the amcyjnt is known, and receipt is expeded. If the amount Is not known, the legary ¥3 Ireated as a o)ntiryt asseL 18-
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polkle• Icontlnu•dl Assets for dislrfbulion are ¥n dlstdbubj. Assats givan for us8 by Ihe Chinese Assoaatlon of Towor Hamlets are rectyJn18ed vknen r4¢w8•. st of uTrJlstributad dmated 9XIS are not Valu for balan¢s sht wr$. 1.5 Exp•ndltur• l expendilure Is accounted fu on an atxruals basls a1 has b88n dassifiad undw h8adlro Ihal gregale all costs r8lal8d to thè category. Wh¢r¢ Costs can11 dir• ¥lhlPwto0 lo partlalar hoadlnos thgy have been allc¢aled on a basis conslslent th use ol Ihe res[¢8$. COMpse all costs Invthng wblk a¢xwntsblNty of lh8 tharfty bts oynplIa th regulalkjn and gc pracith. Support CO8t8 Inc4ud6 central lundl¢Jn8 ind have been allotate4J aCty ¢)tsl c4tegorfas on 8 t•Si8 conslstanl wllh the UBe of r&qourc88. eg allocating Property {ts by fhjor 8re8s, or per cate, staff o)818 by the Ilme spent and olher eotsts ty ththr usage. 1.6 Tanglbl• flx•d Tanglble flxed assets are inltlally meawd at cost a1 8ubw]uondy nwa8ured at rrnt or valuatlon, net of d8pr8cSallon and any Impalrmonl kj88. Dapredtlon 1$ ren1$èd so as to wrfla off th• i¥)st or ¥atkn of a888ts Iw tslr wldual valu08 ¢)¥w Iholr useful lfve8 on th8 follng bas.. FIxM8, flttlng8 & 4quIrAnl The galn or kiss 8rislng on th8 dlspos81 of In 8$t is dete51)d as iha dlfforonckg Ihg 8818 wocgods and Ihé carryiro value of the awl. and 58 recojnlsed In the sts1wl of finand81 ac1mO8. 1.7 lmpa1rnnt of flx•d a8Mts Al each reporting end date, tha chor10 A88athn of Ttythw Ham18 r•Yl8ws th• Cang amounts of Its 18ngible assets to determine whethgr iharg is 8ny Indicat Ihot Ihose assets h8ve sufforod an imp8lmnl toss. If any Such indlcation axbts. rKoverat46 affnI ol asset is astimaled in order lo detwmine ¢hg extent of the impalmwnt ioss Ilf ony). 1.8 Ca8h and cash •qulv•l•nl• Cash and cash aquiv81onts IlUde cash In hand, del held 81 call banks, other short-lemi Ilqukl Investments wth ofvjinal maiurits of Ihree mcrfth or lèss, 8ThJ bor o¥eAdrafts. Bank ovérdrafts are shown wlhin bowrowngs in current liabillles. 1.9 Flnan¢l•l In•trum•nts The Chinese Assocsalicffl ol T0r Hamknts to aPFty tha ffjshjns of Sacdon 11 '89s1¢ Flnan¢lg1 InslNments' aNI Section 12'0trw Flnond4 Irtr lssu•s' ofFRS 102 10 811 oflls fingnd81 Instruments. Finandal Inslruments are recognlsed In the chIn Assoo81kn of Tchvw H8mlèls bal8nce sheat an the Chines8 Assod3Uon ofT0r Hamkts be0)M paity to the contrac1 yovlsb)ns ofthe InstrumenL Finandal a66ets and Ilabllltles arn offseL wrth net 8mounts wwnt¢d In the finawlal stst8ments. ¥then there i8 a lega15y enforceabla rlght to sel off the rectyJnised amunl8 8nd is 8n int8ntion lo $etUo M 8 nel basls or to realise th* awt and s¢tU¢ th¢ liobility sMNlt0r5Iy. 19-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continu•d) BasS¢ fiMn¢tsl a$ts Basic finanaal assets. incjude debtCrf5 and cash 8nd bk balances. are initially measured at transactlon price Including transaction cc6ts and we subsequenty carriad at amortised cost using the effective interest methtKJ unless thè arrangemenl constitutes a financang trarwdiort. ere tha transacti( is measured at the present Value of thè ftrturè receipts discounted at a markei rate of interesi. Flnandal assets dasSffjd as rnC£Nable within one yew are not amortisèd. knpalmi¢nt offine1•1 assets Financial assets. other than those held ai fair value thriyjgh income and expendiiure, are asswed for indicatots of Impalrment at each reporting date. Finanaal assèts 8re inyired ere ihere 1$ objective ewdence that. as a result of one or morg events that crjJrred after ihe initi81 rewanition of the financAal asset. If an asset is impaired, the Impalmnt loss is the difference between the carrwng amjnI and the prasènt value of ihe e5timale(I cash flows rfisccljnted al Ihe asset'5 ori&¥nal effective intwesl raie. The imp8imi&nt loss is recogni8ed in net inc£ffiellèXpèdIlUreI fry the year. If there is a deuÉ8sè in the Impalmnt ktss arising fr(Mn an evenl cwJThg after Iho Smpaimienl was recognised. the imp8imnt is revers&J. The reversal is suth thal the CUrt caryying amnt does not 8xce8d what the carying amwnl would have been. had the Impalmnt not premouY been recognised. The inpalnnant rav8rsal is recognised in net incfynel(expendliure) forthe >ar. D¢r•cognltlon of financial a55ets Financial assets are derecognised onty when ihe c4knctual rights to the cash flows from thè asset expire or are setlled. or vthen ihe Chinesè ASsLKiatiC of Tower Hamlets tr4nsfers the finan¢ial assel and substanbally all the rfsks and rewards of ownership to amther entity. or if some SKJntficant risks and rewar(Is d ownership 8re retained bLrt contrrj ol the asset has transfer to aTh)ther paty that is atle to sell the asset in its entlrety to an unrelaled third paty. Baslc financi Ilabllltl•s Basic finanoal liabilities. induding credit(MS and bank loans are Inalty recognised al transaejion price unless the arrangement consututes a finanang transadim. where the debt instrument is measured al Ihe wesent value of the future P8yTnents disc(MJnted at a market r8te of interesL Finanoal I9b[lIti&S dassified as payable Ihln one year are not arnort1. Debt Instruments are Subsequenty carried at amorkns&J cosL uslng the effecbve interesl rate m8thc#J. Trade creth"t(ws arg oblHJations to Pay for gcxxls or savices ihal have been aojuired in th8 ordinary course of o18t10nS from suppliers. Amout)ts payable are dassd as ojffent li8bililies il payThent is due wthin one ye8r or lèss. If nol. Ihey are psentl as non-ojrrent liabilities. Trade CdI10T5 are ro¢ognised initially 81 Iransaction ¢0 wd subsequenuy mea5Lred * # effethve interest m&lhc*J. D•r•cognltlon of fin¢la1 Ilabllltles FinancAal lialItieS ara d8recogni Ihtr Chin¢ Assoc4alion ofTtrw Hamlets's cDntraclual rtjligalbons 6xpire or are discharged (x cancelled. 1.10 Empltsy•• n•flts The cost of any unused holbjay entitlem1 is re(4nised in the pwiod in vA)Ich the empWg'$ sèNices are recebved. Tèmiinalion benefits are recognised immediatety as an expense vthen the Chinese Assouation of Tower Hamlets is demonstrably committèd to tenninate the emFdoymwl of an empw or to provide teminatton benefits.
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accountlng pollcles {Contlnuod} 1.11 Ratlrement benoflts Payments to defined ojntsibution retirem8nt b8nefit schemes are charged 8$ an expénse as they fall due. 1.12 Govommont grant8 Govemmenl gran15 are recognised at the fair value of the a&1 receNed or receiv8bl8 when Ihew is reasonable assurance that th8 granl conditions wll be met aThJ the grants will be received. A grant that specifies perfomianc8 conditKJns is rècognised in incoma wh8n the perf0mnCe fAJnditions are met. Where a grant do8s spedfy performance cond6tions11 is recojnised In income when tho proceeds are r8ceived or recelv8ble. A grant received before the ret4)gnilion criteria are satisfied is re¢ognlsed as 8118blllty. 1.13 Company Statu$ The charity 13 a company limited by guarantee. Th& members of the company are the trustees named on page 13. In the event of the charity being wound up. th• liabilities in resp8Ct of the guarantee is limit8d io £1 per member of the charfty. Donatlons and contract Incom• Unrestrfcted Unrestricted fund$ lunds gontrral general 2024 2023 Donations 8nd gift5 Contract Income 8.733 364,222 2,962 337,629 372,955 340,591 Contract Ineomo London Borough of Tow8r H8mlets London Borough of Islington London Borough of Hackney Dlrecl Payments 182.080 7.934 24,904 149.304 151.868 44.791 19,242 121.728 364,222 337,629 21
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMEKfs (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Income from charftsbl• aetlvltl•s Gr•nts $th0o1 f••• other In¢om• T4)t•l 2023 2024 2024 Ffjes reCafvaO Parfomiance relaled grants 41.527 41.527 46.449 34.919 41.527 4S.327 81.368 Analy$18 by fund Unreslrfctod funds- genéral R•$trfctad fiJnd8 41.527 41,527 48,449 34,919 41,527 45.327 81,368 Fw th• y•ar •nd•d 31 M•r¢h 2023 Unrestrfciéd furMI8- g•neral Re8trlcled fun¢Js 46,449 48.449 34,919 34,919 34.919 46,449 81,368 In¢om• Irom Inv••tm•nts Unr•otrlct•d Unr••tdct•d nds funds 2024 2023 Inleregt rec41vaa 10,131 othor Incom• Unrnstrlcted Unrn8trlci•d lund8 funds 2024 2023 2,452 3.264
CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {coKnNUED) FOR THE YEAR ENDED 31 MARCH 2024 Exp•ndliurn on charltabl• acll¥lU Total Unrn8trlct•d Re8trictod 2024 funds funds expendllure èxpendlture 2023 2023 Total 2023 lunds funds •yndlture expendlture 2024 2024 Stsff costs Foodnuncheon dub Homè praloci Chlne$e s¢h&)I Rent Other preml888 expen8t8 Travel Insurance Repalrs and MaIntan¢0 Tralning. books & 8ubscriptiong Professional fe•s 8ank charges Tdéphona Sundry expon9 Depredation Project8 337,583 3.874 4.478 337.S83 3.874 4.478 310,061 54.424 5.077 384,485 5.079 5,328 1,077 17.215 2,278 1,761 1,528 1.347 5,328 1,077 16,412 1.822 10 22.189 4,617 22.189 272 458 1,751 1,862 1,662 1,287 2,S49 2,549 2.154 776 10,030 2,930 10,030 570 1.514 6,111 2,762 5,534 570 1.126 1,420 2,762 1,812 4,962 1,812 6,712 1,750 4.691 S.$34 388,415 2.022 390.437 345,253 429,549 Sharn ol gOV•man cuts Is•• note 71 834 4.170 392,815 394.837 348,589 85,130 433,719 Anaty818 by fund Unrestdrted fun¢Js- g8naral R&StriC fvnds 392.815 392.815 348,589 348,589 8S.130 2.022 85.130 392.81S 2.022 394,837 348.589 85.130 433,719 -23-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS {COKllNUED} FOR THE YEAR ENDED 31 MARCH 2024 Support costs 2024 2023 8•$l$ of allocatlon Professional fè68 4.400 4,170 50% Chlnes8 s¢1)[ 50% Care 4.400 4.170 Analysod beh4 Ch8rft¥ble a¢dvltl8s 4.41KI 4,4 4.170 Gov8m8nce eA)8ts Indudè fafj8 of £3.6 {2023: £3.4201 fN an kndnt eX8minakn. Trusttss Non• ol tNstee8 lor èny lSOn8 1>)nn8cled ¥44th them) r•caed any ramuMr8tlon or benefi or d8lmod 8ny •xp•ns•s from Iha Chln888 A660dBllon of Tow8r Hamlets durtng tho . Employ Numb•r of employees The average monthly number empbyees tn9 the yearl5ThjI1n9 tru8tees) was.. 2024 Numb•r 2023 Numb•r Man898m•nl and ¥dminlstra Charttablfj advlu 25 39 Employment co•ts 2024 2023 Wages ond salaries Soual securlty costs Olhèr panslon costs 308.685 14.884 14.014 336.089 14,238 14.158 337.583 364,485 The key manag8morrt pwdonnd ofthe Chwity ccwises the T09$. G¢neT85 Man8g8r, Nominated Individu81$ snd Hd of Chirws8 se1Kl. Tha total employee benefft of Ihe key managemerf porsonnd oftha ChaiTty were £71,940 (2023 '. £64.220). No individual employee received beneffts of Ih8n £W.CiIO durfng the year ¢X precodmig yaar. -24-
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEEI NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 10 Taxatlon The charilable company 1$ a regl818red charfty and Is not 8ublect to ojrporatlon tax on Its currant athvltl88. 11 Tanglbl• flx•d a8a•t• Flxtur••, Iiitlw & •4ulpmont Cost At 1 Aprfl 2023 Addltlons 42,452 1,253 Al 31 Mard12024 43,705 D•pr•clatlon and Impalrm•nt Al 1 April 2023 Dopreclallon ch8rg8d In the yaar 34,165 Al 31 March 2024 38,550 Carylng amount At 31 March 2024 7.155 At 31 March 2023 8,287 12 0•btor• 2024 2023 Am¢unt8 falllng du• wtthln on• y••r. Pmpaymants and accrLfftI Income 49.987 56,435 13 Cr•dltoTr: •mounti falllng du• wlthln on• y•4r 2024 2023 AcLruals and d81orred Incom• 26,897 29,275 14 R•tlr•m•nt nefit 8ch•mo$ 2024 2023 D•fln•d contrlbutlon sch•m•8 Ch8rya to profit or1088 In re418ct of defined contrfbulon sch8me8 14,014 14,158 The Chlnese Assoclallon of Tower Hamlets operates a defined contrfbullon penBlon 8cheme ts all quallfylng employees. The assèts of Iho hem9 are held separately from Ihose of the chir A8SOCiation of Tower Hamlets in an Indgpondendy administered furNI. -25-
CHINESE ASSOCIATION OF TOWER HAms IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Restrbct•d fund• Thg re$trid8d funds 01 thè ch8dty comwse urwnded bgknrws of atiOnS and gTh)t8 held on tru8t suwect to SP8dfic Cp)ndttkJns by donors as lo how th8y may be used. klov•m•nt In funds MDvem•nt In fund• R•wure•B 8•c• at •xp•nd•d 31 M•rch 2024 B•l•n¢• Corè Opportunity ctre Prty'ect Youth Club After Schcd Homework Club After Schcol sportSng l D8r• Projaci J8¢k P8tchoy Projéca Cora Chlnese New Year Evenl Easl End Cornrnunity Foundalkin Cov1&19 Pf*ct for Chine$• CAF Funding Local Hor4J Welcome Fund ProAect 4,484 1,403 222 2.161 4,484 1.403 222 2,161 4,938 3.497 9,093 2.161 4.938 3.497 3,497 11,013} 529 19} 343 4,631 533 529 343 57,175 $29 343 4.631 533 1.C4J91 27.719 180,263} 14.867) 80.258 34.919 185.130) 30.047 12,0221 31,825
CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 18 An•1$ of n•t bel funds Total lunds 2024 funds 2024 2024 At 31 March 2024: Tangible &588ts Current 8sso18114abllltkn) 7,155 576,703 7,155 608,528 31,825 583,858 31.825 615.683 Uftmtrlct•d Re•trict•d fund• fund• 2023 2023 Total 2023 At 31 M4r¢h 2023: Tanglble assets Current as8etslllkqblNIi88) 8,287 541.321 8.287 571,388 30,047 549,608 30.047 579.655 17 D•Algn•t•d lund• The unresirtcted lunds of thè tharfty com$• th8 un8xp8ndJ balènc8$ of donatlor¢g and gr8nts whlch 8re not sublecl lo spedfic c(ffldlfjons by dryKJrs and gr8nlors as lo how thgy may bo UWJ. Th88a Includg donal8d funds have bgen 8el 08lde of ur¢estrkXed frd5 by th• tru81•e8 f(Y spodfk purFW•S. furm fund •n¢• •1 In¢tyWng Bo •1 In¢¢mlng B•l•n¢• ai 1 Aprtl 2022 1 Awll 2023 T•K#Jr 31 M8r¢h 2024 Equlpmenl re8¢•M0n¢ fund 4,140 4,140 4.140 4.140 4.140 4.140 The tru8lee8 have de*nated funds 01 £4.140 lo the fuiure ${ of IT & OjrnnsCation system of Ihe Charity. 18 R•l•tod p•rty tran•actlon• There were no dlsdosable rdated rtY transèckn thr410 th& {2023. nw). -27-