Ch81ity reglstratlcffj num￿r.. 2gM)398
Bishop Ho Ming Wah Association and Community
Centre (Unincorporated Charity account)
Aj￿Ual Repyt and Statements
for the y￿ Ended 31 Marth 2024
DSK Partners LLP
D S House
HkJh Street
Croydon
Surrgy
CRO 1NG

Blshop Ho Ming Wah A8soclatlon and Communty Cantro (Unlncorporated Charlty
account)
Contents (conllnued)
R8f8r8n¢e aThJ AdmiristratNe l)etads
Truslee8' Repyt
2to8
Statom¢nt of TnBtees' Re$F>C￿l￿Sties
Independent Ex8mlne¢8 Rewt
10
statement of Finantial Acaivilies
11to12
Balanca Sh8et
13
Note8 to the FinancAal Statsments
14to24
Detalled Ststement of Financial Athvtties
25to27

Blshop Ho Mlng Wah Assoclatlon and Community Cgntre (Unlncory)oratsd Charity
account)
Referenco and Administrative Details
Chalrman
WY A Chan. Treasur
Trust
R O DemrriThJ
yHE￿ng
W Y A Chan, Trea8uYer
Revd Dr S kl Wal
C Noman, (Resigned on 1st August 2023)
Cmdr N A B AnBon, OBE. {Re*ned on 26th Sèpt8mbar2023>
EMYKwong
Patron
The Most Revd Dr Paul Anhbishcf• Emeritus
S Wether&
Honorary Logal Advlsor
Key Pernonnel
Revd E Lau
M Worvj
G To and R T8ong
Charfty Rag1$￿tIon Numbor
Alminislrator
Safeguarrlro Officern
290398
Registered Charitable Inc(wrated Organisation number. CE018858
Wobslto
Emall
uiry@bhThYa.com
020 7766 1141
Phong
Prlnclpal Offico
6 St Marlin's Place
London
WC2N 4JJ
Independent Examlngr
DSK P8rtn¢rs LLP
Chartered Acowntants
D S House
3(h Hlgh Street
Croydon
Surrey
CR0 1NG
Bankor8
Bar¢lay$ Bank P
27 Regent Street
PO Box 11345
London
W12 8GG
Page 1

Bishop Ho Ming Wah Assoclation and Communlty Centre (Unlncorporated Charlty
account)
Trustee5' Report
The trustee8 present the anrKtal re￿rt togpthw wilh tho ffinandal statoments of the tharity for the year
ended 31 March 2024.
The C¢)undl Members. are trustees ofthe for the puwes oftha Chartbes Act 2011, present
their ￿port with the fin￿Cial statements of the charity lor the year ended 31st M¥r¢h 2024. The Council
embers have adopted the pro￿S1onS of Ac£witrvJ ￿ Reporttng by Charftle8'. Statement of
ReLY)mmendod Practice 8PFlh2ble to Char￿e$ PTeparfng the4r acuunts in ¥COrdan￿ wlth thg Flnandal
StarKl8rd aF)pll¢e*le in the UK and ReputrAic of Ird8nd IFRS 1021 (effectiv6 1 January 2019}.
MtSSlON AND VALUES
At 8ishop Ho Ming Wah knsodalion & Community Centre (the A￿KIatIon). our mlsslon 1$ to enhance
and Imprtve the qualtty of life of al re8ldeniS, PatKukrfy tha Chingso C￿tr￿]unty. Sn Lorklon through
8UPPOrt, Influen¢e. Informauon ayj enrl¢hmenL
Our values are deeFty rooted in our history arKI the compassionate (yrnitment of (Njr supwrtets. Our
work Is open to everyone, regardless of thdr por8on81 fath, athnidty. or cullLYal bac4(ground. Wa belleve
In a h￿18￿¢ appro￿, carfro for the ￿lIe pww).. t￿. mind. and 4xrÉt Our commitment is to provide
compassionate aThJ r*vart ¢3re for those in need.
OURWORK
W• provida community $8r¥ic•8 ￿ thr88 man areas:
(11 Support forthe tJs*lvantaged'. W8 offer sw)port to indwiduals facing Signrfunt disadvantsgas and
thoso margSnaized by laNdva￿ and ojftural baThiers in the communty.
(21 Health and Welkness Advities.. We prewl a range of adihiles almed at promofing and
enlowng an active and heafthy &fesbrfE.
131 Arts and Cultural Enrictr￿ent' We offer OPP￿IlD￿ for a dNerse community to enpje in arts and
¢uttur* advities, fosterwig Soa￿ o)h8sion and integration.
A LOOK BACK AT 2024
2023 A6M 27 2024
Pag6 2

Bishop Ho Mlng Wah Associalion and Communlty Centre (Unlncorporated Charity
account)
Truste8s' Report (continued
Associate Members enpjy the f¥iWies aTrJ ￿ti￿tseS offered by the Asswation for free ¢X al preforentlal
rates. As of 31st Marth 2024, the number ot A850oate Members had reached 1,175 induding 40 who
jolnsd during thg y¢ar. Among indivKluat$ who disclosgd thoir personal details. 92% were aged 60 or
above {2023 - 89%}. Th& gender ratio remained unthanged from la31 yew, 77% foma10 and 23%
male. Ths èthnioty mix r¥tio 8tay8d ¢onstsn( wth Chinèsè ac•))unting forth¢ majority {84%1.
Anyone over the age of 18 Can WAY to beccthe a vo￿ng Mwnbor ol thè A8souation. Votvig member8.
o must be admitted by the Coundl. have the ￿h1 and duty to attend and vote at General Meetlngs of
tho AssocAation. As of31sk March 2024. the number ofvoting Membern was 82.
mm
Over Ihe past three years, have operated under the assunption that cw servic•s WO￿ retum to
pre-COVID levels by 2024. it h8$ beGon* &vid8nt that th8 recovery vAlI take longer Ihan
anticapated. Despite this, we are encouraged by the steady increase in member parbdpatim 81nc8 the
centre reopened In August 2021. Although tr)e n￿ber of rthrnltYJ members has been lower than
¢xpected. we have seen a signifKant In￿eaSe in new members each yew. In the 12 month8 to Marth 31,
2024. member participation has reached 74% of its prtrCOMD level, compared to 40% In 2023 and 25%
In 2022.
Since Augu812023, the Communky Centre ha8 been openéd four dgys s w•&k, from 11 am to 4 pm on
Tuesd￿, Thursdays. Friday$, a￿£ Saturdays. The Centre has pLayed a cwcaal role in combating
loMline53 and So￿al isolation amongst its rnernbe￿ by providing a ¥afe and relaxed envin)nm8nt for
sociajising. m¢elng frlend$ and leaming new sklls. It ha$ been instrumental in helping individuats,
&spe￿allY Chinese immigrants, integrate into the local community whik presemng their ￿Etur8E idenw.
WNIg pmmoting Soc￿ conn8dM and spirTt, we hav8 ￿lOri￿Sed helping the vulnerable and
disadvantaged. We have continuousty impThied our seNcey based on membÉr suggèstions. In respons8
to the evolvlng need$ of the communlty, we have devek)ped new senrices am&$ at supporting the recent
wave of Chlnese immigrants from H(*wJ Kw. These efftjrts reflect our commitment to fo8tertny a
5UPPOrtive arKI wKIu8ive communty. We took forvArd to £￿tinUing our woth lo improvo th¢ qualty of Ilfe
ofourmèmbern.
Hoalthy Llvlng Programme pr￿noteS the Imp￿ta￿% of stswng actr¥• and ko&ping fi( wilh special
attentlon to the needs of senl(Y adults. Here are tho key ¥Alvibes provided in 2024..
Lunch Club farylitatos soda11￿ry over food sharkng experience. SeNed 960 fre5hty cthked
Chines&style lunches at the Centre over 46 session&
Tai Chi oy)rnbines deep breathing relaxation with skw and movements. Running for over
20 ￿ar3, it has bo8n th• most p)puLqr exèrasa class w members. Held 99 sessions.
Ho•1th QIGong emphasises r)Jordinated mind and fomiat over rotating and stretching movements. 11
its intended for peO￿e vtho are unalAe to attend in-person ￿£re￿8&s. Hald 38 onlim sassions.
Dances are deslgned for people wh) enloy more vlgorw8 to music. Hekj 42 Ling Dance
sosslons aNI 25 Latln Dan(* So8￿On5.
Yoga Inowl for#Jse$ on bcty cwrdination and caming of minds. Held 15 Ses￿on8 8ln¢* October
2023.
Page 3

Bishop Ho Ming Wah Assoclation and Communlty Centre (Unlncorporatsd Charlty
account)
Trustees. Report {continuod}
Hoalth Talks we gwen reguLarty by profesSion￿S omring a variety of hea1￿lated topics from
medical cond￿0￿3 to a¢rEssiknllty ￿ publK resourrM. H￿d 12 online and 2 inpr8on Se￿0￿8.
Nature Walks take keen walkers lo s￿niC walknng trai15. Organised 3 trips.
CoroTrb]tiM Pffj(w 23)
SumNw Wolk {Mty 23)
Edu¢atkn and CU￿re Prngramm• promotes leaming and eNiL*ment wth 8F￿al fccus on Chinese
art and ¢)Jlture. Here are the key adN11￿8 in 2024:
ChIn￿0 Calllgraphy 1¢o¢h88 v8riou$ 1o¢hnkws of stylrled artlsbc *Y(dng of ChSnesg ¢h8racl0rs
using bN3h and ink. Held 32 seS￿ons.
Chlnose Palndng teaches te￿￿￿UeS to o)mpose draw different themès. Such as and
bird8, using tr￿Sh and Ink. Hekl 17 ￿lne and 4 iwwson ge$8ion8.
WaI0r¢￿O￿rt2achaS the t¢thniwe8 of 8kelthTrJ and drawng using watercolour. Hdd 29 ¥e88ions.
Chin¢s* hland•rfn tea¢#w gYNe￿tIonal forevwyday use. Held 39 hybrhj sesslu￿.
Chal•aftyr4un¢h faalitales discussion amoThJ Membe￿ on vwious topics of intere5( ranging from
ujrrent affalrn to historic￿ evants and cithjral (**toms. Hebj 3 I￿p￿S0n and 4 onlino se88lu￿.
Soclal Connoction Programmè addr￿88 thè ￿￿eSsIV n88ds of tho ChThse communlty. Hare
are the key acUwti8s for 2024:
Pastoral Carn prowdes various types of support to peoFAe through tlmes of ¢fficulty. This 3ervtGe has
begn in high demarKI. 88peuany p081-COVID. C￿￿p1a19￿ 17 requ￿.
Trnnslation Support prowdes translatkl) to dwments, mainly from English tr) CNn888. Th18 8ervic
ai80 Involves maklng phono enqulrle$ apwfjrth)ents of var￿)￿8 na￿Te. Comwed 23 requests.
Befriending tackles Ihe problom of lonoliness * bolalcffl am¢)ThJ okler Chlnese people Ilvlng in
London. The demand for home visls has Teduced due to concerns about the continuing spread of
COVID. Attended 5 requests.
Other Support to member8 Inthdes tabxed IT bainiw for senior adults and other 8UPFA)rt.
Pag8 4

Bishop Ho Ming Wah Assoclatlon and Communlty Centro (Unincorporatsd Charlty
account)
Trustees, Report {conllnued)
L4viffj IN UK w¢wkshop (J￿ 23)
P(￿ f•r NEW Homt lth (Jan 24} thnese Year knKh {Feb 24)
Wgl¢om• Programme support8 arrivth from H¢xwJ KorvJ uThJer the BN(01 ￿Ba s¢homo. Here are
the key activiles pro*ided in 2024.
Llvlng In tho UK Programme addresses common corrnns immigran1$ fa¢9 whon $elMing in a new
country. The Work & CLdture" 2024 series dolWed two wort8hopB on personal taxalion.
Engllsh Buddy Schemo pairs indM¢knls wrth native spogk9r8 to pTrcti3e Conversatic￿al Englsh.
Food for Now Hom• Project lackl68 fclxl p)verty and socaal isolaion ¥thile also k¥omoting m&ntsl
health and wdlbeing. Over a six monlh Feric¥J. proi&* welo)med 246 individuals, provided 684
me￿s. dlslrllxrttrd 468 food parcels before b&in9 complètèd In Febrn￿ry 2024. This projed was
funded by the GLA Communlty F￿￿.
Page 5

Bishop Ho Mlng Wah Associalion and Communlty Centre {Unincorporated Charlty
account)
Trustee8' Report (contlnu8d>
Fln
nela
r•vlaw
Total In¢ome In 2024 ¢amg to £64,423 {2023 - £49206). income has been w)redidable and
wa$ substsnts'ally less than Last ye&. Icrtallng £10,826 12023 - £16,191). InvJme generated from
charftable a¢iNlJe$ was £25,442. reflec*iThJ an incleaslng paitiupatk)n (2023- £18,276). We had the
good fortunate to be awarded a onfroff from the GiA Community Fund. which was re8lri¢tsd to tho
purpose of welts)me 8NIO) Msa holders from Hong Kory 12023 - £01. A(hJitbnalty, we raised some ad
h(t Income thr{￿gh hiring Out space to extern￿ ¢)JmrNnity everts. totsjling £8,102 {2023 - £11,174).
Incom¢ fr¢)m Investsnents was swThlar to last year at £5,923 {2023- £5,743).
Total operatlng expendI￿re in 2024 Inrxoawj lo £104,74012023 £75,550). ¢Mng primarfty to the
exceptlonalty high cost of Ilving. Staff costs rose by 7% to £37.528 12023 £35,010). Premises costs
Increased by 16% to £30.498 (2023 £26.2141. Charitable expenditure of £23,T71 comprised direct costs
of both ragular activities and Or￿off project exrRnse 12023 £10.3921. Office and govemance c051s of
£11,606 induded a 8ub$tantiaE FYofe88iong1 feo of £10,CrfXI for an Independent re3e¥th S￿dY (2023
£1,438}.
We eThJed this YÈ￿ *ilh an operatwig defidt of £40.317, b&tre 8n unTealised gan on Investment of
£56,235. The ¢xn4Jined resum wa8 ￿ In￿9$0 In totsl fvnd5 by £15,918 to £397,277 8$ of 31 March
2024.
dl
The Assoclation ha8 an unrostrfcted reser¥E in the foffli of Inves1￿. In 2024 invoStm8nts wara ￿]d in
a mix of fvnds that can be realised prarAicalfy d*. UK ewlU&s115%1 and glthl equlties185%1. In order
to o)ver Ihe operating deficit, ￿¥?$￿￿nI units were sohl the year raisirF a total of £41,0(Xl.
The Coundl's polw is to retan uNestrictèJ flnarKe8 at 8 knal adaquata to megt the Community Centre'8
usual operating costs for rune months, as wel 8$ any emergency spendirBJ that may arise. The
Investments Fund 18 a designaled fuTrJ that invests unrestrio*ed cash In short to m8dluTrtenn
investments. Th& are to M￿ntain an *nual (nvestrnent retum of 4% 10 5% a150 maklng thnds
available forwvxlrawal to satisfy planned or unexpecled (xsh fl(M r6qutr8mants.
PLANS FOR THE FUTURE
In November 2D24, the A88ociakn IMI m•rf( 11$ 40th annI￿rsary, celebrating f￿r decades of
transformative work for Chinese Immtyants in L(￿(kn. Ovar th8 years. ow work ha3 evofved fJYJm
hdyng Cantonesevspeaklng Ch￿eSe immlgpants access putlic resources lo fostering a supportW• and
Inclusive community. Wa prioritise helping the vutherable and disadvantaged whlk also promoting 80cial
connethn and communty spiriL The Assoc4ation's joumey refieca3 rt8 c>)mmitmnt to Impro￿ng the Iwe8
of thousands of Chinese immigrants. gAJpporting them 88 ￿Y buikl new lives in Lonth)n.
Desptte ¢)ngoiig ptssltive f8adoack from s8rvice use￿, demand for current serMce8 has be￿ in declin
for some tlme due lo an ageir4J memberslip. Furthe￿, the comts"n&d gffg¢1$ of post4OVlD and tha
cosl-ofvllvlng crises have onty ex*rbated the Assc¢ithn'8 financial ehg118nges over the last three
years. The recent infflux of BNIO) th holdws from has presented an exdting opportunity to
Sem thè now pOt￿ti￿ usars ￿ the th￿sandS. OLf (￿trent Services and operatry model, however, Is
not adequate for meeting the r￿MpLeX social need3 of the rwi wave of ch6￿$0 immigran
Page 6

Blshop Ho Mlng Wah Association and Communtty Centre (Unlncorporatgd Charlty
account)
TnHtees' Report (contlnued)
In response to the orgar4sation'$ Urg￿tt for dave￿￿nt against a thallengiNJ 0pora￿￿9
environment, the CounLiI has inrbated a strategic projèct to PO8thon thè ASSO￿atIon for fLthire growth
stabllity. W¢)t began in ¢aty 2024 wth the comMi￿onIng of an independent U8er study to enable us lo
identify needs and priorities. as wdl 8$ an aW$S￿nI of the u4rrent bu$lne$8 model'$ strèngths and
limitatron$. Th8 noxt phase of this 3trate¢ic In￿atiVe *ill act on the immediate priority of recruiting
trustees, volunteers and potential staff, who have the right grty*th mlnd8et and abillll98 to load tho
tr8n8fomiadon.
In the conNng year, in additb)n to maklng ong(xn9 improvomerts to eXk8bng ¥$Mc*$ for oldor adutts. wo
are d￿elOPIng new rKogrammes that are fvcal and eff8divè ￿ attracting nthy immtgT8nts. Addressing
mental health needs has been id8ntified as an Importanl theme in both areas of work. Forniing èffèctiW8
partner8F￿P8 With Dther¥ wlll be uucAal to makmg this happen quKkty. Filling gaps in our competence and
c9pa￿ty, 88 w811 a8 thg PQtentlaF benefft3 of levwaging a successfijl O￿aboratiOn. Another irnportanl area
where we wll concentrate our efforts 1$ to streamlln& bu8ines¥ operation$ by repLgdng manual pro¢esse$
with technology $(Aution5.
STRUCTUR4 GOVERNANCE AIID PAANAGEPIEMr
Gov•rnan
Docum
The Assodalion 1$ a chathab￿ Irthwated OrganIsat•￿ [41$t￿ed *ilh the Charriy Commission. frsl
registered as a limited company charkty on 5th August 1984. It is governed by the CharitaNe In¢orporated
Organisation constitubon approved on 17th Novomtw 2018, rgpl81ing th$ A￿￿9$ of Aswation datod
11th Novembtrr 2017. Anyone over the age of 18 can become a Voti￿ member of the Association, and
there are ojrrentty 82 voting members.
New Council Members are elected by the vdry m¢mWs attonding Iho Annual Gen¢rdl Mee￿r￿j and
serve for a ￿rtod of three year3. If a Councl IAember haj been nominated. ebected and appointed by
Council at its meetiThJ to fil a y8￿neY. tho c￿￿1 Member w apPO￿ted shall reb.re and b? f&ole¢ted at
the next fo[l￿Ing Annu* General Meeting. person re1ires as a Counco Mèmber by rotation or by
givlng notice lo the A88ouatKin 18 for rfrde(*hJn.
The Council. ￿tilCh must at least have fve member3 but Trjt exceeding 12, administer3 the A8sociation.
Counal Members rvjrmalty meet qu*lerty and thert a￿ ￿tr￿Corr￿nitt￿ ov8r5eoing financo, s¢rvlco
development and governan￿ matiers. Supportad by a smdl tsam of staff. th8 Chair of th& Council
manages tha day-to-day 01)&ration of the A88oaafTron. The Chair has delegated aulhority. wthln lem8 of
delegation approved by the Council, for O￿nal matters indu(firvJ fr￿n¢8, employment and servlce
delivery.
Imam
None of the Council Members re￿¥8 remwwation or other b8nefft from th8ir wort ¥￿th the Associalion.
In 202&24 no r8181•&party tran8a¢Uons were re￿rted.
Page 7

Blshop Ho Ming Wah Association and Community Centre Iunlncorporatsd Charity
account)
Tn￿tee5. Report (continued)
Rlsk Ila
In condu(Alng r8gul8r of th& rld(s that ts Associati(￿ facès. lh8 Counal ensure8 that appropriate
actions ¥e taken to miéigate risks. They ar8 satisffied that policles, 8yStem8 and w)cedure8 a
estsblighed to wovide a reasonable assurarKe against the pmcipal risks idenlifi8d In the wlew.
Insurance cover 18 In plac% and the finan(¥al ¥uslalnablOty of thtr Assoaalk)n is dosdy monitored. Any
188u8s and concems with hoatth & sofety saf8yding mattors are deatt v*ith prompuy, In linè wkh
our poli¢i8s.
Our budgets. fLYecasts aThl work pkn5 have taken into a(wunt thp opportunTbe8 and challenges th&
As3oaation fa￿# ag￿nSt the bad(drop of financ￿￿ UfK*rtsinties. The Coundl ￿11 monitor dosely the
higlFimpact, hwJWrobat4ty risks onsur1￿ akyowlate acaions are taken prompty to mitigate th8m.
STATEMEFU OF PU8UG BEMEFtr
Council Membw8 have pad due regard to the guidance on put4ic ten8fll woduced by the Charity
Commlssion and are confident that the wcrfk ofthe hsscath meets a Ihe eriterfa for wblTrc be￿fiL
THAMK YOU
We are really gratthl for the genwosity of ￿ K￿nder￿J1 SUPF4xth. Yw hwe helpgd make posslblg a
number of helpful and Important projects and ImrKovwnents kn Ihè past y&3r, whkh have had a benefioial
iMp￿t on the Ilvos of people who hav¢ us¢d our semces. In Ihis tough ecorKsmlc dimate, we are very
appreCIat￿e for your orwing support. New HNtiatives, particuL8rty those vllh long4erm impac*, can lake
l¢)nger lo plan and implemenL We neod r￿$￿e$ lo gnsurn Ihot can go forward Ydhle a150 being
exib18 in th& fac8 of unanticipatad thaThJes (YIt￿'do our ccth.
We value your eonthtrArtion, whelher * be a mon8tsry or lTrkknd d￿11￿, or VL￿nteering for frontllne or
admln1stra￿ve actlwllos. Thank you.
The annual report was apwoved by Ihe InJst8es ef the dwrfty on ............._..... aThJ slgned on its behalf
WY Aciian
haiiman and trustee
Page 8

Bishop Ho Ming Wah Assoclation and Community Centre (Unlncorporated Charlty
account)
Statomont of T￿￿tea5, Responslbllltles
The trustees are responsibl8 for wèparfng Ihe tntstees, report the ffinanCI￿ statements in accordance
wlh the United lQngdom Accxjunting Stondards (Utthed Kjngdom Generally Acc*ptsd Accoun1ing
Practice) Sp￿lea￿e law and reg￿lonS.
The law appl￿ble to charrbsY3 r8qulres the trustees to prepare lknamial statemenlB for eac*i financial year
wtu¢h glve a true ar￿ fair wew of the stale of affai￿ of the ¢harlty and of thg Sno)nwn9 re￿u￿e¥ and
apptication of resources of the tharity for that period. In weparing these fina￿al statements, the tru5te&s
are required lo..
sele(A sultsbie accountiThJ ￿lUeS and Ihen them c4)nsi&8nlly.
observo the m¢th¢￿& and prin￿leS in the Ch￿tieS SORP..
makeludgements and ¢stimatg$ Ihgt are rp83onatAe th prudent:
state whether apFAicabk acwjnting standards havè ts48n follcew&d. subiad to any m8tsri8l dèpathr08
dlsdosgd ew81r￿1 w) the financial Stateme￿. and
prepare the )Inanual Statem￿ on tho gcAng f>xcem b¥sls unl888 it 1$ Inapproprtate to pr￿UMe Ihal
tho Charity wll wntinue in business.
The trustees are rw)on8bt le for keeyng proptt a¢¢￿titi￿j recc*th that dlsdose ￿th reasonaLle
accuracy at any time the financAal positson of the dwfty and enable fhem to ensure that the ￿an(jaI
statemantg comply the Charities Act 2011. the Charlties (Accounts and Reports) RggulaUon$ 2008.
and the provisions of the ¢onstttutk>n. The trustee8 are a150 respon51bbe fr)r safeguarrfing the assets of the
charity and hence for taking reasonablg steps for tho Fyovgntion and dgtgctii)n of fraud and other
lrrewlar￿QS.
The trustees are responsible for tho maIntenar￿ and integrity of Ihe corp(xate and finanaal infomiation
cludod on the tharilable companvs *￿b￿te. Lagi￿atIon goveming ts pr8paration and disso￿natIOn of
financial stateThnts may drffèr from leg￿￿tic￿ n 0ther1ur￿diC￿on￿
Approved by the trustees gf the ctsrtty on .................... arml S¥Jn￿ ￿ its i￿01[ by..
WY Achan
Chairman and tru818e
Page 9

Bishop Ho Ming Wah A8soclatlon and Communlty Centre (Unlncorporated Charty
account)
Independent Examinerfs Report to the trustees of Bishop Ho Ming Wah
Association and Community Centrè (Unincorporated Charity account)
I report lo the trustees C￿ my examinatth of the amnts of Bishop Ho Ming Wah A8¥tiC48tion and
Communlty Centre IUnincorporale(I Chanty wx)yrf) for Ihe year end￿ 31 March 2024.
Re8pon$lbllltl¢8 and basls of rnport
As the tharfty trustees of Bishop Ho Uthg aTrJ Comunity Centre (Ur4ncoryJrated
Charity account) you are responslble fty thg proparation of the ac£ounts In acc#)rda￿) vthth the
TequIr￿nénts of the Charltie8 Act 20111lh8 Acf).
I report in re¥wt ol my examination of the Bishop Ho Mlng Wth Assoriation aThJ Comrnunity Centra
(Unincorporated Charfty actsjunv's ac(XMJnts car￿d +>Jt under secaion 145 of the 2011 Aot and in carry•
out my examination I have fol[rAY￿1 al the awlcable Drec￿nS grven by the Charmy Commiuion under
8eclion 145(5)(bl of the A¢&.
Ind¢pend•nt &x•mlnèr'$ stst•meni
I have completed my exam￿atiOn. l ojnfffm that no materlal matters ha¥8 come to my attention in
ojnnection wtth the examination gr¥mg me cause to be￿e¥e that n any materlal re8pecL'
. 8ixountirwJ T8(￿rdS were not kept n of Ho Wah Assoc4ation and Comnwnity
Centre lun1n￿￿0rat￿ Ch8rfty 8c%*Junt} as required by seclion 130 of tho Act.,
2. the a(*ounts do not ac￿rd wth thJ8e r￿rdS., or
3. tho a¢xounts (lo not compty wth the acTrXntu￿ requir8mwts rx*Keming the fcrfm and contsnl of
a￿ounts set out in the Charities IA¢cwnts aml Reports) Regulation5 2008 other th8n any
requirement that the accounts glvo a ￿ gnd far viv* is not a matsr o)nsid8red as part of
an I￿#pendent &￿amInation.
I have no ￿ncernS ￿ have ojme acrosg M oth8r mattars in CA)nnectbJn with the examknation to whlth
att8nlton should be thls reFK)rt wi order to ¢￿Ie a proper understandkng of the a￿Unts to be
reachad.
Romit Basu FCA
DSK Pathers LLP
D S House
306 High Street
Croydon
Surrey
CR01NG
Pago 10

Blshop Ho Ming Wah Assoclatlon and Communty Centre (Unincorporatad Charity
account)
Statement of Flnanclal Actlvllies for the Year End￿ 31 March 2024
Unr•strl¢ted fund¥ Restrlctod
D￿[gnat8￿ G•n•rnl
fund*
Total
Income and End0￿￿onts from:
Donations and legac4es
Charitable aclivitie8
Grants Received
Investment income
Other income
10,826
10.826
25,442
16.543
5,¥23
5,689
16,543
5.921
5.689
Incomo
5.921
41,959
16.543
64.423
Expondlthrs on..
Rablng funds
Charrtable activ￿88
{2,377)
84.680
12,3TI)
102.363
16,730
Totsi EXpendI￿re
Galn¥lo$$os on inve¥tment
assets
(953)
(87.0571
116,7301
(104.7401
56.185
56.235
Net IncomellexF￿￿itUr0)
Grosy tran8fets bets%Een fvnds
61.153
(51.410)
{45.0481
51,223
11871
187
15.918
Not movemont In
9.743
6.175
15.918
Rg¢on¢lll•tion of funds
Total fL*)d8 brwghl fcrnard
Totsl lurKI8 carr¢ed forward
313.891
67.46B
381.359
14
323.634
73.643
397.277
The rths on pagès 14 to 24 fomi 8n nttagr81 part of these financial statements.
Pag¢11

Blshop Ho Mlng Wah Assoclatlon and Communlty Centre (Unincorporatod Charlty
account)
statèment of Flnanctal Actfvltles for the Year Ended 31 Mar¢h 2024 (continued)
Unrestrlcted funds
G•n•ral
Total
2023
Incom9 and Endowrnenls frnm:
Donatlons and1gga¢los
Chaitabb activit￿8
Investment incLJme
other Income
16,191
16.276
16,191
16,276
5,743
10,996
5.743
10,996
Totst Incom8
5.743
49,206
Exponditurn on:
Rai8iThJ fvnds
Ch811tab￿ activitbs
(1.334)
11.3341
950
Totd Exp￿dItU
GalnslkJsse8 on inveslrnentas8ets
<950)
11,e66
(74.6C#JI
{3
f/S.550)
11,669
Net expendriure
Gross transler8 bots¥een fund8
{6.873)
34,350)
(31,140)
34.350
138,013)
Net movement in funds
{41223)
3,210
138.013)
Reconciliation of funds
Totat fvnds brought forward
Tota fvnds Carried foNMd
355,114
84,258
419,372
14
313.691
67,468
381,359
AJI oflh& ch8rW8 athrttos from c4Jntnwry owalions during the al￿ two perlods.
The fijnds ￿ea￿d¢)¥M for 2023 1$ sh1x￿ in rTroto 14.
The noteB on pagos 14 to 24 fcKm ￿ lrtegrd part ofthese ffinan¢ia statements.
Page 12

Blshop Ho Mlng Wah A88oclatlon and Communlty Centre (Unincorporated Charfty
account)
(Reglstratlon number. 290398)
Balanco Sheèt as at 31 March 2024
2024
2023
Nots
Flxgd asgets
Tangibl& assets
Investments
10
371,903
371.906
356,668
358.671
Curront a8sets
Debtors
Cash at bank an¥J h hand
11
12
4.874
27,191
4223
28,6S3
31,865
30.906
CMdltor4: Amounts tsulng duo wllhln 0Thg y
Not curront a8sats
13
6.494
6,218
25,371
24,688
397,277
381,359
Funds of tho charlty:
Unrg¥trfcted inGomg funds
Unrastricl•J luThJs
397.277
381,359
Totsl fvnd$
14
397,277
381,359
The fin8noal stat8m8nts on paggs 11 to 24 appfov•J by ts tJust￿s. aThJ authorised for is¥ue on
. and on ther behall ty.
WVY Achan
Chairman 8nd trustee
The note$ on pages 14 to 24 form an integral part of these finaThial statements.
Page 13

Bishop Ho Ming Wah Assoclafjon and Communty Centre (Unlncorporated Charlty
account)
Notes to the Flnanclal StatAments for the Year Ended 31 March 2024
1 A¢countlng ￿1[¢1
statement of compllan¢o
The TInar￿al statsments have Ixen Wep￿B￿ in a¢￿￿nc£ with the secyjnd &￿tIOn of tr* Charftles
ststèment of ReC￿mended Practice issued n Oc*cthr 2019. tho Flnandal Reporung Standard
app5iGable in the United lQngdom and Republ￿ of Ireland IFRS 102) tho Charthos Ad 2011.
Basls of preparatlon
Bishop Ho Ming Wah Associalion and Ccrfnmunrty Centre (Unincorporated Charity account) meets tha
definitK)n ol a pubk benefft entty under FRS 102. Tho artounts (fin?￿rAal 5talements} have been
prepared und8r the historte￿ o)st ￿nventiOn wlh item8 recajwised at cost or transaction valu8 unless
otheNse stated in the relevant ￿te{s} to these accounts.
Golng con¢•rn
The tru3tee8 (￿Sider that there are no mate)lal U￿ertWntie5 ￿t￿t thè aNlty to conOnu& as a
Ing con¢orn.
Incomo and •ndo*Tn•nts
Voluntsry income indudir¥J donations. grfts. legac4es grants that wovld& fvndiThJ or are of a
genaral nature is recogni8ed when the chaFity has entitlement to the Income. It Is probable that the
income will be received and the amount Can be me88ur8d with sufficaent reliability.
Donatlons andlegacles
Donath)ns and Jegacies rec￿niSed on a receiv*￿ ba81$ I&￿Ipt b probable and the amount
¢an be reliably measured.
Expendlturo
All expenditure Is re￿￿$￿d once there b a kgal or cx>nslruLth 0￿￿On to that 8xpondibJr8, r( Is
probable sotuèment is requirad and th6 amount can be measured reliabty. AJI costs are allocated to the
appllcable expenditure heading that aggregaie SIm￿ar costs to that fxtagcry. Vvhero costs cannot be
dir¢¢tty attflbuted lo particulw head￿gS they have been allo(*d on a basis consistent the use of
resources. wtth central staff Costs alkncatad C￿ the Ws ol time sperrt, and d8pre¢i8th'on chArg88
l¢xated on the kY)rtion ofthe 8ss81's usa. Oth8r SUp￿t costs are allocated based on tho spread of Stsff
C08ts.
Ralslng lunds
These are Costs Incurred in attracting voknnlw inwm8. th& management of investments and th089
Incurred in tradlng a￿￿tieS thal raiso fund&
Ptye 14

Blshop Ho Mlng Wah Associatlon and Communlty Centre (Unlncorporatsd Charlty
accountl
Notes to the Financial Stataments for the Year Ended 31 March 2024 (¢ontinued)
Charttable a¢llvlUes
Charitable expenditur& ￿MpriseS th08& 0)sts inojryad ty ¢harfty In the dellvery of Ms a￿¥hIe8 and
services for itg b8n0r￿an0S. 11 include5 both costs that can be allocated d1￿cliY to wch actiirilies and
th08e c03ts of an indir8c* natur& ngce$80ry to SUPF*Xt them.
Govornanco costs
These Include the costs atlribtjtable to the complIan￿ with oin¥lthlional and statutory
r8quir8mènts, Indudlng aud¢ strategic management trustees meetvigs and reimbursed expense$.
Taxatlon
Tha eharfty is consklered to pass the tests set out in Paragraph 1 Sckned￿ 8 of the Finar>ce Act 2010
and therefore it meets ￿ definrflon of a charitatrAe company for UK corporation tax purposes.
According￿. the charity is potenlialy oxgmpt from taxab.on in respgct of inwme or cawt31 gain¥ rg¢xived
wlthln ¢alegorbs covered by Chaptw 3 Part 11 of the Ccffporation Tax Ad 2010 or Saction 256 of th8
Taxation of Chargeable Gain$ ￿ 1992, to Ihe exiwbt th818uth income or gains are 4)pfied éXd￿VèIY io
charitable purrx)8e8.
Tanglblo fixed os80ts
Indlvodual fixod c4)sting £1.00 ￿ more are inibalty rfKoTded at o)
Dsprè¢latlon and amoTUsallon
Depredatlon Ss prowded on tsngible fixed assets so as to I￿71e off the cost or valuation, l&ss any
estimated re￿d￿81 value. over their expected u8eful econonmc Ife as fcAIows.'
Asset Cl￿$
FLxturès & Fitting3
Office Equirmnent
ComFXrter EqUi￿ent
Dgprnclallon m•thod and rato
25% Straight linè
25% Straght line
2S% Straight ￿n8
Flxed as$ot In¥•¥lments
Fixed 8$8et in¥estsTrents. other than progr￿Me rel*d investrnents. ar6 induded al m¥ket vaue al the
balanc8 8h8et d8te. Realiwl gains and losses on investments are calcxjiated as the drfference
sales woceeds and fhelr market v8Jue at the start of the ￿r, or their sub8equent cost. and are charged
or credited to the Statement of FInana￿ Activitias in thè pwiod of disposal.
Unrealised gains and losses repr8s8nt movement kn market vakw durfng Ihe year and arn Cred￿ed
or tharged to the Statement of FInanCA￿ Acthes bawl ￿ tr￿ market V91u& at the year Orn1.
Page 15

Blshop Ho Mlng Wah Association and Community Centre (Unlncorporatsd Charity
a¢count}
Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (continued}
Trade debtors
Trada debtors are amtsunts due frrAn rAknws for merchandise 80hJ or Services performed In tho
ordinary cour3e of bu81ne¥s.
Trad8 d8btor8 8r8 recognis•J initialy at the tranBa￿l￿ prkn. They gre sub$equendy measured at
amortlsed cost uslThJ the effedve inieresl meththa, less PTOViSiW for Impairr￿. A provlslon for thg
Impalm￿nt of trade debtors Is establi8had there is objective eMden¢e Ihat the chattty will not be
a&4e lo oJllect 811 amounts due aC￿rthn9 to the temjs of the recthables.
Ca$h and cash oqulvaknts
Cagh and cash equfv*gnts conwrise cash on hand aThJ (zll *osits. gfKI other Short-temi hvJhly Ilquld
Investments that are readfy (Thverbble to a knrywn amount ot and are Subject to an insignlfftcant rlsk
ofchanga In value.
Borrowings
Intareskbearing boTTOWtngs are tnibally rerthed at frdlr V8￿e. net of transac*h)n c08ts. IntereBt-be8ring
borrowngs are subsequenuy carried at amorb.sed ¢osL wrtt) the difference betsveen the proceed$. n8t Ctf
transadlon costs, aNI th8 amount on redemplion being re(%)g￿88￿ 88 a charge to Statement of
FInana￿ Ac11￿eS over the period ofthe rele￿1 i￿rrI>￿ing.
Intere¥l expense 1$ Ygwgnls¢d on the b￿$ of the effet*v8 inlere8t and is inc￿ed in intsre81
payablè and ￿Milar charges.
BOrr￿n9$ aro da$8lfied 88 C￿rant liqblties unle88 Ihe tharity has an uncondittonal right to defer
9gtUement of the Ilability for at ￿st twelve mmths after th& reportirvj data.
Fund structurn
Unrestricted income fvnd8 are wr81 l￿d8 that are aval&4e for use at the trustee8 d18crgYon In
furtherane* of the objeralv08 of thè ¢tharity.
Designated fLmds ar8 unr&strictad fuKls s81 ashjè forspeufic purrx)ses at tho di8cretion of the trustsa
Flnanclal In$tnThnts
Classifi¢atlon
Financid assets and finanoal Ilabfftkn are reo)gni8ed ￿ the thwity becomes a party to the
contractual provisions of the InstNment.
Finanaal liabillties and •quty instruments are das51tsJ a¢o)rLlng to the $ubstance* of the contractual
arrangem$nts antered into. An eqLuty instwment IB a)y ¢ontract thal ebidences a residual interast In the
assets of the c*badty after deducttng 811 of its Ilabilties.
Page 18

Blshop Ho Mlng Wah Assoclatlon and Cornrnunity Centre (Unincorporated Charlty
account)
Notos to the Financial Statements for the Year Ended 31 March 2024 (contlnued)
Investments
Investsnenls in non-con¥erfibk prefere￿ shares and ¢ydinary or pr0fWvr￿ ghoreg (wh8re
Shares are traded or thety fair value t5 relialAy measurable) are measwed al fair value through
profft or loss. Where fair va￿? cannot bs Measur￿ rdlabty. inve31n￿￿ts are mossurod at ￿$1 le$$
irnpairmenl.
Investments in subsidiaries aThJ as5c4ith aro measweil at Q)8t I￿ Impg1rn1gnL For investm8nts in
sub￿dIa￿e$ 8f4uSred for ¢onsideralon [r￿udIng the issue of shares (walifying for merger relief, cost Is
measured by referen￿ to the rnmlnal value of tho shares issued pk4s fair ¥￿ue of other consideratl¢)n.
Any [xemi￿n is ignored.
2 Income from donatlons And bg•clo8
Unrnstrltrtgd
funds
Gvngral
Total
2024
Tt)tal
2023
Donations 8nd189aaas',
Donations from individua]s
10.826
10,826
10,826
16.191
10.826
16,191
Donation$ wefe cash gifts from iTrJNKluals or ¢xgtri881ion8 that the A880&*ion could use for any
purpose wilhln its chaTftabl• c*i•rts.
Page17

Blshop Ho Ming Wah Assoclation and Community Centre {Unlncorporat8d Charlty
account)
Notss to the Flnanclal Statements for the Year Ended 31 March 2024 (continued)
Income from ¢J)nath)ns ￿￿￿80 ￿ft9 ond gants from inrfwidual Corp￿ doTrJrfs, trusts and
foundatlon8.
2024
2023
Blshop R O Hall Legacy Fund
LTL iam
Margaret Lo¥118
Wiliam Lee
1,000
1,000
500
1,000
655
500
Sl Pauls College
Teresa & Sandra Ng
FlO￿tine & Charfes Ll
5.lJOO
500
528
Hul Sim Y¥*
Kemn Chan
600
ArthurT
W81 Chan
Martin Lee
In memoryofwc LI
Other donabc
1,187
4,123
3,036
Total
£10,826
£16.191
The charfty I￿effl$ greaty from the invofvement of ils many v¢4untaw3. The ecorK>mt contrbution of
genernl v01urrt￿rS is not re￿gnISed h the acrKAJrrts.
Page 18

Blshop Ho Mlng Wah Assoclatlon and Community Centre (Unincorporated Charlty
account)
Notes to the Flnanclal Statements for the Year Ended 31 March 2024 (continued)
3 Grants Ro￿1¥•d
Total
fvnds
funds
Grants
16,543
16,543
TrAal for 2024
16,543
16,543
The Associatbjn receNed grants of £16.543 from the GLA Hong KorvJ ComrrAJnity Furvj, aimlng 81 n￿Y
arrived BN(01 vlsa holders. Thls one-off grant was restricted to spending on the for the New Home
pmJ*ct, which was succossfully ¢ompl&tod on 3 Febftwy 2024.
4 Invostm•nt Income
Total
2024
Totsl
2023
Dg¥lgnatod
Intsre81 r￿1Vabl$ ar¥J simllar
incoma",
Interest receivable on bank
deFK)¥its
other in¥esfrn8nt inC￿Me
5.¥21
s,￿1
5,743
5,743
5.921
5.¥23
S Angfysi$ of gOv•man￿ and support ¢osts
Govèrnance ¢o$t•
Unvostrl¢tsd
fvnds
Genernl
Total
2024
Totsl
2023
Independent examiner fees
Examinal'on olthe finan(yal statements
con$￿tanCY Foes
Oth•r governance costs
930
10.000
676
930
10,000
676
930
508
11.606
11.606
1.438
Page 19

Bishop Ho Ming Wah Association and Community Centre Iunlncorporated Charity
a¢¢ount)
Notes to the Financial Slatements for the Y￿r Ended 31 Pllarch 2024 (continued)
6 Staff ￿)Sts
The aggregate payri41 costs werg as folk)*?:
2024
2023
Stsff ¢￿ts durlng the yoar **r•:
Wages and salaries
Sodal $e¢urfty ¢>)sts
Pen8iOn ¢08t8
34.280
2.220
1,028
37.528
32,037
2,012
35,010
The monthly average Nmber of p8rson$ [Ind￿￿￿j w¥or maw8ment I leader8hip t88ml employed by
the chaiity during the year expressed as ful limo eqiivaents was a$ fobxF'.
2024
No
2023
No
Average number ofempbyee5
No employee received emduments of mre ljwi £60.000 durfng tho
7 Ind•p•ndént ox•mlnotr8 rwnunornll¢n
2024
2023
Examination of the ￿n￿clej statements
930
930
8 T￿tIon
The Glwity 1$ a registered ¢h¥lty and Is thwefore exenwtfrom taxatlon.
Page 20

Bishop Ho Minll Wah Association and Communlty Centre (Unlncorporated Charity
account)
Notes to tho Financlal S&￿0m•nts for tho Year Ended 31 March 2024 (continued)
9 Tanglblo Ilxod assots
Fwnliurn and
equlpment
At 1 Aprtl 2023
At 31 Marth 2024
62,538
62.538
82,538
62.538
Depreclatk>n
At 1 April 2023
At 31 March 2024
62.535
82.535
62.535
82.535
Net book Value
At 31 March 2024
At 31 March 2023
10 Flx£d •￿t Inv#1m•nts
othor Inv•sbn•nts
Llsted
Unlisted
Imieslments inv￿lmontr
Total
Cos1 or Valuat5on
At 1 Aprfl 2023
Revaluation
Disposal8
197
50
356,471
56.185
41,OOD
356,668
58,235
41,000
At 31 Mar(* 2024
247
371.658
371.903
Net book valuo
At 31 Mar¢h 2024
247
371.656
371.903
At 31 Marth 2023
197
356,471
356.888
Page 21

Bishop Ho Ming Wah Association and Communty Centre (Unlncorporated Charity
account)
Notes to the Financial Statemonts for the Year Ended 3114larch 2024 (contlnued)
Tho market valw oflhe Investm&￿ at 31 March 2024 were 8$ fdl¢)ws'.
2024
2023
Barclays pl¢ Shares
Blackrod( Chakil•8 UK Equty Fund
Vanguard FTSE Gkjbal
Vanguard ESG Devekyed Worfd Fund
247
197
$4,802
192,210
124,644
53,246
197.883
105.542
Total
371,903
366,668
11 Debtors
2024
2023
Othar debtors
4.674
4,223
12 Cash and ¢ash equlvalents
2024
2023
Cash on hand
Cash at bank
773
26,418
27.191
80
28,603
26,683
13 Cr•dilors: an￿unt5 falling du• wlthin one y•ar
2024
2023
A￿ru4
6,494
6,218
Page 22