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 r￿mMItMent 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 emoti￿81 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 infonY￿ts0n 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 pro￿8 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 nyear-old gen11e￿ 18ce8 ml￿￿# health c*dlw8. Ind(hllng bllndn888 In h18 ghl e￿, partial ¥I￿0Th In his 8rKI bdateral hearing ktss. He bs una￿e 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 applIca￿On. 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 irnpalm￿￿ts, pose svJnificant challenges for his Safety and well-belng al hc4me. partl¢xlarfy as hg has Ilmlteo fi￿bI￿ty 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 ap￿1¢ation. Unfortun8tety, he was deemed inelijble du8 to T￿n11n9 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 V￿1n 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 ￿f￿rra1. Eventualty, il was confirmed that Mr. W was 83rf ￿ the Wa￿ng lisL Flr¢ Saf¢ty Measures.. Rwniang the rlsks ￿)$￿1 by Ws disabilities. our team ￿ntacted the Fire Brigade to 8rrang8 a fire safety assessmenL As a resu￿ they Instsled a wbraling devlce under his pNk)w and in Lhs loung8, which a(*¥ates rf the smoke alam sourKls. All smoke alams in Ihe property were also d)érknl to ènsurn I￿Y wérè fundioniry ttfft¢xty. . Oc£upatb)nal Therapy AssessmenL While our team cJ)uld not attend Mr. Ws OT ass8ssment. we followgd up wth the Ocujpational Therapist to obtain a summary of the findings. The OT cffifim*d th81 Mr. W raquired N¥0 new alt￿ cnjtches and a fr88-Standing toilet frame. which were ordered following the visiti Addilv)nally, Mr. Ws total hearing Ic6s was no￿d. and a refeffal to the Sight 8nd HearfNJ Team was mada further supporL . M¢bSIty SupwrL' A refeffal was made to a rehablitaticffl SUPF¥NI I￿rker lo assess MT. W$ ￿t￿￿r mobilty and detenrlne rf he y￿Id benefft from a ￿r-wheel oLrtd￿ wa*er 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 Cone￿M$ abfxjl nogativoly impactiNJ both his msntsl and Fthysical health. . Limited Mobility: Mr. W8 OUtdo(Y rnO￿lty was reslricted. He religJ on ty)0 01)ow uutch and his vAfe's assista*wE 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 camn￿ni¢8tk11 Incr8a8ed hls vulnèrdbllity In em8rg8nci8s. Condusion.. Thls Case of Mr. W Illustrates the exiensfve adw supwt by our Hc*ne Care Team, p8rticularfy to indiwduals f8cxng 31gntfi￿nt Lqnguage barriers. Through persistent follow-ups. extensive coordination with various agenrAes, and a fcojs on ensuring Mr. Ws safety and ￿￿1￿11¥￿. our 1•8m addfassed multiple c￿nPleX 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 exem￿lfieS our cxJmmiiTnenl lo holistic, perSon￿ntred care in overcDming heamfvrelaled and soc4al thall$ng¢s for vulnerable IndI￿dUalS 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 Y￿LL-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 ad*pl 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$898 h8v8 flourf8h•d under th• expert guld8n¢• ol P*JP8y Au. 8 hlghly 8kllled And beloved lutor. H•r Classes have bean so popular th81 we expanded from ona to three sesslons lo a¢¢ommodal& paruclpanls of varylng sklll levels. Pop8Vs unique leachlng style and deep knowledge of c8111gr8phy lechn6ques make hér se88lon8 both Instrucllonal and enjoyable. Partldpant8 have pralsèd her experlls8, nollng how hw d88888 d68pen Ihelr appreclallon ol Chlnése culture whlle provldlng a calm, creatlve envir¢Jnmanl. Many allènd888 have ¥har6d thal Popsys d8ss88 have helped iham fegl more conn8cl8d to theli herltag8. fostered new frfendshlps. and oller•d a relaxSng break from dally 8lres888. 2. Chalr Yogè wllh Wlnnl Ng Lod by Wlnnl Ng. our Cholr Ywa 89881on8 have con81et￿lIY allracled a largo aNJ de(11¢8t8d group. Wlnnl'8 popularlly as an In8iwdor 8tems from her compa881onate toachlng st￿$ 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 8mptsw8￿d 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 det￿Y 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 kno￿edge3bla 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 race5￿n9 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. all￿n9 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 actlwtie￿nC1Udin9 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. p3￿c1pants reported numerous benefits from Ihe program, including a stronger understanding of managlng chronlc wndlllons, IMpro￿d adherence to healthy habits. and more confiden( comrnunication wth family and healthca￿ prO￿derS. Bèyond thèse skills. Ihe Gc¥)d Moves sessions foster8d a sens8 of camaradèrfa among pa1￿c[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 I￿elY 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 OP￿rtunitieS 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 pa￿e[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, fOste￿n￿ 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 hOr￿mjred 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 accOM￿lshme￿$. BolcM ara Ihe key hvJhlights aThJ athievements for this year. 1. Teacher D8velopm8nt arnj Trnining On Seplember 10. 2023. w8 ￿￿ted the t￿￿1paI of London IAIW Chinese Scthcd. a reSpe￿d 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 Ta￿laThJ. paticipated in a GCSE and A-Level training OTganized by the British Clunese Edu¢ath* Assthi8tion. The ins￿h1S 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. educaticT￿l philosoph￿ arKI method010g￿s. 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 chIr￿Se Embassy. PartitiP8nts enjoyed a(*wt*s such as arthwy, dumplinw)akitvJ. and kamed aboui Chirbese Iture vthile watching exryting perfcffrnan￿. 3. SludentAc*ievements 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 stud￿ts. ￿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 I￿Ve￿ Ihird prize. Our sthoJl receiv*J the Ex¢*ll¢nt Organoati5y 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 Acts￿ties: We wll expaThJ exlracuThhwlar off*iigs. induding c*Jbs 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 Y￿1h parents through regular nieetings and o)mmunity events that sur4)￿1 studenl development. Profession81 DeVelopm￿L We will ccffltinue to W0￿de wr tsac￿E wlh opporiunities for professK*nal gr￿￿(h through workshcos. training S￿lOns. 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 ryAla￿￿￿On betr￿en De￿Illa UK arKt the Chinosa Welfarn Trust remains d&Ji¢ated to Pro￿l￿g essential d8manti¥ swaalist support to Chit)gS8 and S¢Yjthe￿A5ian 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 partne￿hIP is invaluable to ojmrnunity members, staff, 8nd the home team. as il eonlinues to provide dementi8 SiJPPOrt wrthin a trusted and familiar en￿rOnMent. 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 Ma￿h 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 C￿nIactS. The mosl o)mmon cllnlc81 InleNenlions recorded are Accessing local support and Soci81 Care eoncems and Mentsl Health of Carer. Most Common signposling 8ctivit￿8 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 p￿I￿rred spe8knng Cantonese and 530A regards Ihem88fves as Hong Kong Chinese. 10 people liwng with dementla are mal$ and 5 are fomale. ma￿rity 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 AsstYSa￿0n of Tower Hamleis. acttvilias or make use of its hcffie care serwcts. Additional]y, some famillès livwig In oth$r b￿￿h$ 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¢J8nc*s hvJhlKJht the pjslllve outcDmes of collai*Naling ￿th k)cal community groupB, li.e. the Chin88e Associath)n of To**r 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 w*ous 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 P￿￿￿e,, and th8 Patl8nl EXp8r1èr￿ N*twc** 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 Ir￿U$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 gI￿n9 our pat*)ernhlp wth Towor Han4eis Coundl actlvely •xpaTrdlng our presen&9 In the prfvale sectrf through referr81s fr¢Mn the NHS 8nd c15n1￿1 Commlgskjnlng Group ICCGI. To financial stabilbty, alm lo dlvw￿fy income Streams by offerfng acce$8lblo. fee-based servlc6s th81 ¢ater to our ¢ommunlty'$ nefjd8. Ow strategy al80 Ir￿lJdeS 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 a￿esSIbIlity for 811918kehohJtrn, induding K*osp8cllvo 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 S8￿k￿ wlll strive to exceèd quallty star￿￿rds. . CollatQTOtlve Care Modéls: Clienls wll actNety shap8 our ¢arn m￿ls. 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(￿r￿A￿ 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 ChIr￿e Communrtw in Lryth.. To eststyi$h CATH as a ¥wlWardod Fwwlder ol communty&sed support for adults of chine￿ Iwwjin, i￿ly￿Kn9 frail gld¥rs, individuals with leaning disabilities. and those f8(aNJ M￿tal 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 ￿r￿j tslbred oynmunity-based support packages for each dient's unique needs. . Spaoalitad Trnining Progra￿ Deliver largeted Heallh and Scoal Care edLThtion programs S￿ift￿llY for the Chinese community to further enharKe acCeSs￿￿ty aThJ care qU￿rtY. ¢)Jr fv&year wsion underscores our commitmént to I￿￿ty. 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 t￿￿oUgh 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$ 7*th0 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 i1r￿SS. Through regular health workshy. exercise classes, and mindfulness sessions. parbclpants can deveky heallhier lifestyles and eoplng strategks. . Educational Workshcys: )Ne valuatrAe &1U¢ati￿a1 re8cwr￿ thal empw &)mmunity m8mbtr th knowladg& and sknus. TO￿t$ r#nge frorn nutsilion and heallhy cooknng to financ•al literacy and legal rights. enabling p8rtioapants to make infcffiigj decis*M at￿1 their heth and Wel￿being. Heatth and Fith8ss C18sses: Our ￿8$￿, indudin9 Chair Yf*Ja and Tai Chi. are sperAfically tailored lo ac¢omm¢x1ale v8riLws age groups and physi&￿ atYl￿eS. They physical actiwty, improve moknfjty, and foster s(x4al connecaions anw parbapan . Cultural Events and Swal Gatherings: We host VW10L￿ 8￿3 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. slrgn9lher￿l 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 ￿nr￿enCe 8nd en8bllng them to navigate challenges more effeclively. This 8mpowem)8nt translates into greatèr cornrnunity engagemenl and Involvement. Cultural Enrfchment.. 8y pro￿dIng 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 IMp￿n¢& of maintaining adequate financial Teservgs lo mltlgat¢ the impact of unforeseen decreases in income or UneXpec￿d Incrèases in expenses. The Chir*se 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 1rust￿S 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 chari￿s 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. Fo11th￿ng 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 S￿l0r 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$, and Its 8stsemeil ￿putation. CATH. in light of its operation wthin a highly regulated enwronmenl. must remaln v￿lIant Sn ensurin9 adherence (o relevant regulatlons. a8 non-cornpli8nc8 could result in subslantHI financial penalties and thfj revocatlon of our registrailon. To effectively mitigale complL2nc6 rfsks. CATH has rigorously adopted Ihe Care Quallty Commlsslon ICQCI Standards and invested significanily In staff tralnlng. Tha organlzallon malntalns comprehensive p0￿cleS and procedurès lo ensure ongoing compliance, CA)mplemented by regular quality assessments and judicious 8Ction3 to rnitigate any i¢JenlIf￿d risks. The OTganization's 'Good' ra￿ng, bestowed by the CQC during the last inspection in August 2017, serve3 as a ieslamenl lo CATH'S historical success in risk management. This ojmmilmenl lo risk mltlgalion has endured evèn amid the challenges posed by the ongoing pandemic. 13- CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE) TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) {CONTINUED FOR THE YEAR ENDED 31 MARCH 2024 The Board of Tru$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 c￿uld profoundly affect CATH'S operations. espe￿o11Y ¢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$. especially for part-tim& and Sessional care workers. potentially increasing operational co8ls. Addilionally, a wise in Ihe Lwing Wage could further elevate payroll expenses. addir4J pressure to manage wage incre&se5 Vrithln Ilmite¢J budgets. Recognizing these potential impacts, the Board monitors these developments closely arKt has devised strategies to adapl. including increasing revenue fr(￿ personalized budgels and privately funded d￿nIs to malntain financial stability. Stsff Recruitment and Retention. The organization's abilily to deliver cL)nsi81enl care servi¢es and expantl Its reach hinges on a stable. skilled wotl(force. The currenl funding model and nature of our semces require th¢ use of zerothour contracts for care staff. an approach C￿mOn in the industry. However, Tru81ees recognize th81 this model can limit job security for employees and affe¢i retenlion. Additk)nally, rising Living Wage requiremenls add financial strain. further underscoring the importance of recruitmènt and retention strategies. To address ihese challenges. the Board is actively exploring opt￿$ 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 Ac￿Unting 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 inc￿MIng 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 p￿ndpIeS 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$le#s a￿ responsible for keeping adequate acoiunling records that disclose Wlth reasonable accuracy al any time the financial position of the Chinese Associalion of T¢)wer Hamlets and enable Ihem lo ensure that the rinancial statements comply the Cc4npanies Act 2006. They are also responsible for safeguarding the assets of the Chlnese Assodaiion of Tower Hamlets and hence for laking reasonable steps for the prevention 8rYl detectlon of fraud an¢J other Irregularllles. Thtr Iru¥toe$' r￿ort 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 State￿nts 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 chil￿8 trustees a3 a body, my wort. for thls report, or fw tho oplnkn¥ I h8ve fom￿1. 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 sts10m￿ts 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 $￿tIOn 145 of Iho Charllles Act 2011 Ilhe 2011 Act). In carrying c￿¢ my 8x8miwli￿ I have fo*)wed al tha 8ppllcable Dtr•ctlons glven by the Chadly Commlssion undtt 8edlon 145(5Mb) ofthe 2011 Ad. An Indepondent examlnalton does not gatherlng 811 tho e¥ld•nc* Ih8t would be requlred In 4n 8udll and consequently does ￿t cover all th8 maitars that an aLtdiior In glving iheir oplnlon ￿ the flnandal ststemenis. The plannlng and conduct of an audlt goes be￿nd ihe Ilmlied g$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 examI￿r.8 sl•lwnenl. Ind•p•nd•nt •x•mln•rf* •t•t•m•nt Slnce Chtnese A880dau￿ of TO1￿ Ha1￿81S.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$. I h?v• Com￿OI•d my 8￿MInatIOn. I ccrfmi th81 rK* matt•r8 c(#)x to my att•ntlon In o)nne￿on vAth lh• •xamlnatlon glvlng m$ COLtye to believe that In èny m8lwl81 rtspec¢'. aCc￿nI￿ng 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 financ￿1 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)n8￿rnd •$ 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 aCt￿nt￿l9 and re￿1rvj by ch8ritios appllcablo ¢0 ¢harttlg$ preparing Iheir 8¢counl8 in a¢¢>)rd8nce 7hith thè FinarKial Rewting Standard 8ppllc8bkn In th• UK a￿1 R8publlc of Irdand {FRS 1021. I have no C￿ncernS 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 p￿para￿0Th 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￿ Repot￿ng Standard ap￿Ica￿e in Ihe UK and Republic of Irèland" fFRS 10T) and the Charities SORp"Ar￿unti￿J and Rep￿ting by Charities.. Statement of Recomrrended Pradie* alw￿able to charities preparing Iheir accounts in a￿ordanCe ￿ 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 T￿nded 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 apprO￿r￿d Ihe firbanual statements, the trustees havè a reasonable expectalion that the Chlnese Assouation ofTower Hamlets has adequate resources lo c￿tinu* 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 reC￿dn1$8d when the Chinese Asscoalion of Tower Hamlets is legally enti￿￿ lo It after any Forfomiance cond￿￿18 have been the ￿nIS can be mea8ured réliably. and it is prob*)le that In¢ome 11 ba r8eeived. Cash d￿atIOnS are rwnised on Olher donalicffls are rg(xNJnisad oncE the Chinese Asswation of Towor Hamlets has beon notified of the donaticm. unless performano (x)nditions require deferrdl of th& amounL In1￿me lax recoverable in relalim to donations receNed under Gift Ahj or deeds of covenant bs recognised at the lime of the donation. LegacAes are rettfjnised on raeeipt or 0th8phise rf the Chir*se As￿￿at￿ffl of Tower H#M￿ has been notif￿ of an irnpending disln"bub"on. the amcyjnt is known, and receipt is expeded. If the amount Is not known, the legary ¥3 Ireated as a o)ntiryt asseL 18- CHINESE ASSOCIATION OF TOWER HAMLETS {A COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting polkle• Icontlnu•dl Assets for dislrfbulion are ¥￿n dlstdbubj. Assats givan for us8 by Ihe Chinese Assoaatlon of Towor Hamlets are rectyJn18ed vknen r4¢w8￿•. st￿ of uTrJlstributad dmated 9￿XIS are not Valu￿ for balan¢s sh￿t wr￿￿$. 1.5 Exp•ndltur• l expendilure Is accounted fu on an atxruals basls a￿1 has b88n dassifiad undw h8adlro Ihal ￿gregale all costs r8lal8d to thè category. Wh¢r¢ Costs can1￿1 ￿ dir• ¥lhlPwto0 lo partlalar hoadlnos thgy have been allc¢aled on a basis conslslent ￿th use ol Ihe res￿[¢8$. COMp￿se all costs Invthng wblk a¢xwntsblNty of lh8 tharfty bts oynplIa￿ ￿th regulalkjn and gc pracith. Support CO8t8 Inc4ud6 central lundl¢Jn8 ind have been allotate4J ￿ aC￿ty ¢)tsl c4tegorfas on 8 t•Si8 conslstanl wllh the UBe of r&qourc88. eg allocating Property {￿ts by fhjor 8re8s, or per ca￿te, staff o)818 by the Ilme spent and olher eotsts ty ththr usage. 1.6 Tanglbl• flx•d Tanglble flxed assets are inltlally meawd at cost a￿1 8ubw]uondy nwa8ured at rrnt or valuatlon, net of d8pr8cSallon and any Impalrmonl kj88￿. Dapred*tlon 1$ re￿n1$èd so as to wrfla off th• i¥)st or ¥a￿￿tkn of a888ts Iw tslr wldual valu08 ¢)¥w Iholr useful lfve8 on th8 foll￿￿ng bas￿.. FIx￿M8, flttlng8 & 4quIrAn￿l The galn or kiss 8rislng on th8 dlspos81 of In 8$￿t is dete￿51)￿d as iha dlfforonckg Ihg 8818 wocgods and Ihé carryiro value of the awl. and 58 recojnlsed In the sts1w￿l of finand81 ac1m￿O8. 1.7 lmpa1rn￿nt of flx•d a8Mts Al each reporting end date, tha chor￿10 A88￿athn of Ttythw Ham1￿8 r•Yl8ws th• Ca￿ng amounts of Its 18ngible assets to determine whethgr iharg is 8ny Indicat￿ Ihot Ihose assets h8ve sufforod an imp8lm*nl toss. If any Such indlcation axbts. ￿ rKoverat46 aff￿nI 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 I￿lUde cash In hand, del￿ held 81 call banks, other short-lemi Ilqukl Investments wth ofvjinal maiurit*s 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 T0￿r Hamknts to aPFty tha ffjshjns of Sacdon 11 '89s1¢ Flnan¢lg1 InslNments' aNI Section 12'0trw Flnond4 Ir*tr￿￿ 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 ofT0￿r Hamkts be0)M￿ paity to the contrac￿1 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 $etUo M 8 nel basls or to realise th* awt and s¢tU¢ th¢ liobility sMNlt0r￿5Iy. 19- CHINESE ASSOCIATION OF TOWER HAMLETS (A COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 Accounting policies {Continu•d) BasS¢ fiMn¢tsl a$￿ts Basic finanaal assets. incjude debtCrf5 and cash 8nd b￿k 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 dasSffj￿d as rnC£Nable within one yew are not amortisèd. knpalmi¢nt offi￿ne1•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 c￿rjJrred after ihe initi81 rewanition of the financAal asset. If an asset is impaired, the Impalm￿nt loss is the difference between the carrwng am￿jnI 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£ffiellèXpè￿dIlUreI fry the year. If there is a deuÉ8sè in the Impalm￿nt ktss arising fr(Mn an evenl cwJThg after Iho Smpaimienl was recognised. the imp8im*nt is revers&J. The reversal is suth thal the CUr￿t caryying am￿nt does not 8xce8d what the carying amwnl would have been. had the Impalm￿nt not premou￿Y 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 In￿alty 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 I￿9b[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 o￿18t10nS from suppliers. Amout)ts payable are dass￿d as ojffent li8bililies il payThent is due wthin one ye8r or lèss. If nol. Ihey are p￿sent￿l as non-ojrrent liabilities. Trade C￿dI10T5 are ro¢ognised initially 81 Iransaction ￿¢0 wd subsequenuy mea5Lred * #￿ effethve interest m&lhc*J. D•r•cognltlon of fi￿n¢la1 Ilabllltles FinancAal lia￿lItieS 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 entitlem￿1 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 perf0m￿nCe 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 reCafva￿O 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 rec41va￿a 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 MaInt￿an¢0 Tralning. books & 8ubscriptiong Professional fe•s 8ank charges Tdéphona Sundry expon￿9 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 knd￿n￿￿t eX8minakn. Trusttss Non• ol tNstee8 lor èny ￿lSOn8 1>)nn8cled ¥44th them) r•ca￿ed 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 t￿n9 the yearl5Thj￿I1n9 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 T￿￿09$. G¢neT85 Man8g8r, Nominated Individu81$ snd H￿d of Chirws8 se1K￿l. 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 HAm￿s IA COMPANY LIMITED BY GUARANTEE) NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024 15 Restrbct•d fund• Thg re$trid8d funds 01 thè ch8dty comwse ￿ urwnded bgknrws of ￿￿atiOnS and gTh)t8 held on tru8t suwect to SP8dfic Cp)ndttkJns by donors as lo how th8y may be used. klov•m•nt In funds MDvem•nt In fund• R•wure•B 8•￿￿c• at •xp•nd•d 31 M•rch 2024 B•l•n¢• Corè Opportunity c￿tre Prty'ect Youth Club After Schcd Homework Club After Schcol sportSng l D8r• Projaci J8¢k P8tchoy Projéca Cora Chlnese New Year Evenl Easl End Cornrnunity Foundalkin Cov1&19 Pf*ct for Chine$• 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￿$• th8 un8xp8nd*J balènc8$ 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 do*nal8d funds have bgen 8el 08lde of ur¢estrkXed fr￿d5 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 re￿8¢•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 & Ojrn￿￿nsCation system of Ihe Charity. 18 R•l•tod p•rty tran•actlon• There were no dlsdosable rdated ￿rtY transèckn thr410 th& {2023. nw). -27-