Charity registration number.. 290398 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Annual Report and Financial Statements for the Year Ended 31 March 2023 DSK Partners LLP Chartered Certified Accountsnls D S House 306 High Street Croydon Surrey CRO 1NG Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Contents (continued) Referen￿ and Administrative Details Trustees. Report 2107 Slalemenl of Trustees, Responsibilities Independent Examinerfs Report Slalemenl of Financial Activities 10 10 11 Balan￿ Sheet 12 Notes lo the Financial Slalemenls 131021 Detailed Slalemenl of Financial Activities 221024 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Reference and Administrative Details Chaimian W Y A Chan, Treasurer Trustees R O Demming YHELing W Y A Chan, Treasurer Revd Dr S M Wells C Norman, (resigned on 01.08.2023} Cmdr N A B Anson, OBE EMYKwong Patron The Most Revd Dr Paul Kwong Archbishop Emeritus S Wethered Honorary Legal Advisor Honorary Chaplain Key Personnel Revd E Lau Vacant since September 2022 Centre Coordinator M Wong G To and R Tsang Charity Rggistralion Number Administrator Safeguarding Offi￿rS 290398 Registered Charitable Incorporated Organisation number.. CE018858 Website www.bhmwa.com Email enquiry@bhmwa.com 020 7766 1141 Phone Princlpal Offlce 6 St Martin's Pla London WC2N 4JJ Indepgndgnt Examingr DSK Partners LLP Chartered Certified Accountants D S House 306 High Street Croydon Surrey CRO 1NG Bankers Barclays Bank PIC 27 Regent Street PO Box 11345 London W12 8GG Page 1 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Trustees. Report The trustees present the annual report together with the financial statements of the charity for the year ended 31 March 2023. The Council Members, who are trustees of the charity for the purposes of the Charities Act 2011, present their report with the financial slalemenls of the charity for the year ended 31 sl March 2023. The Council Members have adopted the provisions of Accounting and Reporting by Charib"es.' Statement of Recommended Practice applicable lo charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20191. MISSION AND VALUES Al Bishop Ho Ming Wah Association & Community Centre Ithe Association), our mission is lo enhance and improve the quality of life of all residents, particularly the Chinese community, in London through support, influence, information and enrichment. Our values are built on our history and the compassionate commitment of the Association's supporters. We are open to all, whatever their personal faith, ethnic or CLJltural background. We believe in providing a holistic approach, caring for the whole person". body, mind and spirit, with compassionate and relevant care for those in need. OUR WORK We provide community services in three main areas.. To provide support to people who live with significant disadvantage, and those who feel marginalised by language 8nd cultural barriers in the community, . To present a broad range of activities for the enjoyment and promotion of staying active and healthy,. To offer opportunities for a diverse community to gel involved in arts and cultural enrichment activities, promoting social cohesion and inlegralion. A LOOK BACK AT 2023 Membershi Associate Members enjoy the facilities of and the activities ran by the Association for free or al preferential rates. As of 31 sl March 2023. the number of Associate Members reached 1.135. Those who were aged 60 and above accounted for 89% 12022 89Okl. The gender ratio remained unchanged from last year.. female 77% and male 23°/.. The ethnicity mix ratio stayed the same with Chinese being the large51 group at 84%. 2022 Annuol 6erKrul Meetirg. feb 23 Christmas porty. Dec 22 Page 2 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Trustees. Report (continued) mm From August 2022, the opening time of the Community Centre has been extended to a three4ay week {from 11 am lo 4pm on Tuesdays, Thursdays and Fridays). Special events or irregular activities were also organised on some non-opening days including Saturdays, where resour￿$ permilled. We might have 8ttra¢led a higher number of new Associate Members joining in 2023 than last year, bul we still experienced a lower rate of returning membership than anlicipaled. In the 12 months to 31st March 2023, the average attendan￿ al the Centre was about 40Qh of the pre-COVID level lcomparing lo that of 2022 at 25%). The take-up rate of online activities has remained low Sin￿ ils ill￿pIlOn in 2022. For those who came, the Community Centre has provided a safe environment for socialising, keeping fit and healthy, learning new skills, and finding new ways to integrate into society whilst retaining one's culture. Besides progressively bringing back activities that were previously popular among members, we have developed new ones lo cater for the changing needs of new members and returnees. Here are the highlights of the work we carried out in the 12 months to 31st March 2023. The Healthy Living Programme promotes the importance of slaying active and keeping fit, in particular for senior people. Lunch Club facililales people lo socialise over a delicious Chinese-style meal in a relaxed setting. In 2023, 11 served 820 freshly cooked lunches al the Centre over 44 sessions. Tai Chi has consistently been the most popular exercise class among members. A totsl of 96 classes was run with an average of 15 allending the basic form practice and 5 in the advanced form. Health QiGong is an online exercise class intrOdU￿d in August 2022 to attract people who can't travel lo the Cenlre. A lolal of 22 classes was run in 2023. Health Talks are given by professionals on a variety of topics ranging from heallh-relaled conditions and illnesses to 3¢￿sSIbl11ty of public resources. A lolal of 15 online tslks was held. Nature Walks - Two day trips were organised in the summer lo lake keen walkers lo s￿nIC walking trails. Mid-Autumn celebration Sep 22 A out to The Friors.-Tul 22 Chintse calligraphy cla£s Oct 22 Page 3 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Trustees. Report (continued) The Education and Culture Programme promotes learning and enrichment with special interests in Chinese art and culture. ital Skills Trainin aims lo help people lo become more confident in using digital devi￿$ through the provision of tsilored training in a stress-free setting. In 2023, we completed a totsl of 9 training sessions and 4 requests of IT support. Chinese Calli h leaches different traditional techniques of writing using brush and ink. Started in August 2022, a total of 29 classes was run at the Cenlre. Chinese Paintin is an online class focusing on the techniques lo compose and draw in different themes of flowers and birds. A lolal of 23 classes was run. Chinese Mandarin runs mainly as an online class but attendance al the Centre is also welcomed. A total of 39 classes was run. Chat-afler-lunch provides a facilitated discussion forum on different topics, covering current affairs, history and culture and other subjects of popular inleresls. Three forums were held in online format. Children's Pro ramme organised two 'Cook & Draw, events in the summer aiming al families with primary school Children. The Social Connection Programme aims to address current and most pressing social needs of the Chinese community. Pastoral Care support and Translation Servi￿ have been in high demand especially post-COVID. In 2023, we helped to resohie 30 requests of pastoral care and 34 requests of translation. Befriending service aims to tackle the problem of loneliness and isolation among older Chinese people living in London. 11 has taken 8 while lo resume home visits bec8use of Concerns about the continuing spread of COVID. Only 7 home visits were made in the year. Livin in the UK is a new progr3mme designed specifically for people who have recently moved lo the UK from Hong Kong. 11 aims lo support individuals and families lo successfully integrate Into their new communities. The Work & Culture series ran a total of 5 interactive online workshops offering guidance and IIp5 in finding employment and creating business opportunities. Cook & drow doy. Aug 22 TCM Health Talk. May 23 Our omazing staf f and volunteers Page 4 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Trustees. Report (continued) Fin vi After years of working under the pressure of financial conslrainls posl-COVID, we fa￿d a new challenge of high inflation and ils consequences on charity income and operating costs. Total income in 2023 came lo £49,206 12022 - £50,724). Donations had dropped slightly from last year, lolalling £16,191 12022 £17.8301. We received no income from grants 12022 £15,275). Income generated from charitsble activities was £16,276, reflecting an increasing activity level12022 £9,139). As a means to generate new source of income, £10,996 was raised through hiring out of the space during unoccupied times. The sale of investment units has resulted in a lower return on investments al £5.743 {2022 - £8,480). Total operating expenditure in 2023 increased by 35% 10 £75,55012022 £55,837). Stsff cost went down slightly to £35,010 because of the agreement of a reduced staff structure after the end of COVID furlough {2022 £37,425). The sharp increase in premises costs lo £26,214 was a direct result of the alarmingly high energy prI￿S and also the removal of license fee waiver from April 2022 12022 £10,257). The direct costs of charitable activity were £10.39212022 £6,256). Office and governance costs remained minimal. We ended this year with an operating deficit of £26,344, before unrealised loss on investment of £11,609. On the balance sheet, total funds decreased by £38,013 10 £381,359 as a131 March 2023 as a result of the combined loss in operation and decreased value in Investment holdings. The Association was In the fortunate position of having an unrestricted reserve in the fonr of investments. In 2023 investments were held in a mix of funds that can be realised almost daily". UK equities fund1150kl and global equities fund 185D/.I. A disposal of some investment units during the year was necessary to raise £10,000 for cash flow requirements. It is the policy of the Council to maintain unrestricted funds at a level which will provide sufficient funds to cover the normal operating costs of the Community Centre for nine months and Sny emergency expenditure should it arise. The Investments Fund is a designated fund for placing unrestricted funds in short lo medium term investments. The objective is lo maintain the purchasing power of the investment while providing the ability to make withdrawals equivalent lo 4°A lo 5°k per annum. Assets should be readily available lo meet unanlicipaled cash flow requirements. PLANS FOR THE FUTURE For the last three years we have been working on the premise that the Community Centre would by now return lo a pre-COVID activity level. 11 has become clear that is not going lo happen soon - the issues of declining service demand associated with aging membership have long emerged before the COVID cIosLJre. Good financial management has helped keeping the operational deficit to a manageable level in the past three years. However, the challenges posed by a mix of post-COVID impacts and the st-of-living crisis have exposed the Association's financial strain to a new high level. The operation plan will become untenable before long rf we persist with the slalus quo. Page 5 Bishop Ho Ming Wah Association and Community Centre (Unincorporated Charity account) Trustees. Report (continued) Council Members have agreed that we should act on this opportunity lo Iransfomi the Association, stsrting from slrenglhening the charity governan￿ and leadership. We will need lo recruit some additional members with the skills and experience lo build a strategic plan for growing the organisalion into a bigger. more dynamic charity. We may have to seek external professional guidance lo help us put together a robust fundraising strategy covering the next 5 years. We are Committed lo provide a safe space lo those in need lo socialise, meet friends, engage in health and wellbeing activities, and learn new skills. We will develop more reSoUr￿S lo extend practical support lo the vulnerable and isolated members of the community, and also by listening attentively to them with understanding and empathy. Our recent work with the new arrivals from Hong Kong has given us the inspiration lo deepen activity among Chinese diaspora in London. We will have to rely more heavily on volunteers when it comes to the Association's resilien￿ and ability to thrive in the uncertain limes ahead. The challenge for us will be how to suc￿sSfUllY grow the volunteers pool by attracting and motivating people of diverse background across different age groups. The Association's strong profile in the Chinese community in London puts us in a good position to fa¢ililale networks of like-minded people who want lo bring about meaningful social change. Flexibility will be crucial to welcome volunteers as well as to allow a mix of collaboration models to work. STRUCTURE, GOVERNANCE AND MANAGEMENT The Association is a Charitable Incorporated Organisation registered with the Charity Commission, first registered as a limited company charity on 5th August 1984. 11 is governed by the Charitable Incorporated Organisalion constitution approved on 17th November 2018, replacing the Articles of Association dated 11th November 2017. Anyone over the age of 18 can become a voting member of the Association, and there are currently 82 voting members. ointment of New Council Members New Council Members are elected by the voting members attending the Annual General Meeting and serve for a period of three years. If a Council Member had been nominated, elected and appointed by Council al Its meeting lo fill a vacancy, the Council Member so appointed shall retire and be re-elected al the next following Annual General Meeting. Any person who retires as a Council Member by rotation or by giving noti￿ to the Association is eligible for re-election. anisation The Council, which must al least have five members bul not exceeding 12, administers the Association. Council Members normally meet quarterly and there are sub