2025-03-31-accounts

REGISTERED CHARrrY NUMBER: 290398 Trustees. Re rtand Unaudited Financial Statements for the Year Ended 31 March 2025 Bisho Homi Wah Association and Commun Centre Barnes Noble Ltd Unite¢ House 2 Albert Place London N3 1QB

Bisho Ho Min Wah A8SOLiation and Commun Centre onl8 naal Stalements for th8 Ye r Ended 31 March 2025 Page Referents and Administrative Details Trustees, Rep¢ 2 to 10 Inde￿ndent Examinevs Report 11 Slatement of Financial Acliviti8S 12 Balance Sheet 13 Notes to the Financial Statements 14 to 21

Bisho omin Wah Association and Commun Centre Reterenco And Admlnlstratlve Details Reglsterad Charity number 29)398 Prlnciple Address 6 St Martin's Place London VVC2N 4JH CommunFty Centre Address The Lower Crypt St. Martin-in-the-Fields Trafalgar Square London WC2N 4JJ Websiie: www.bhmwa.com Email: [e-mail] Phone.. [phone] Trusteos WY A Chan, Chair R O Demming EMYKwong YHEknng Rev R S M Wells H Y G Wong (appointed 24.10.24) Independent Examlner Romit Basu FCA Bames Noble Ltd UniteG House 2 Albert Place London N3 1QB Banker Barclays Bank PIC 1 Churchill Pla London E14 5HP Page 1

Bisho Ho Min Wah Association and Commun Trustees, Re for the Year Ended 31 Marth 2025 The trustees present their report with the financial ststèments of th8 charity for the year ended 31 March 2025. The truste8s have adopted the wovisions of Accounting and Reporting by Chartties.. Stalement of Recommended Practice appliGable lo charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019). CHARITABLE PURPOSE AND STRATEGY Our vlslon A society where everyone feels empowered, valued. and conneGted-embracing their identity and h8ritage with ojnfidence, and finding true belonging in their ￿mmUnItieS. Our mlssion We work to enhan￿ and improve the wellbeing and quality of Itfe for Londoners, with a dedicated focus on the Chinese community. We do this through advocacy, support S8rvice8, access to inforniation, and cultural enrichment. Our values We proudly champion indusNity, welcoming individuals from all faiths, ethnicbtl8S, and rxjliural backgrounds h￿th open arms arKI open hearts. We b81ieve in a holtstic atproach to care - nurturing the body. mind, and spirf( - and dellvering compassionate, meaningful supwrt to tt￿se who need it most. Our corr#nilJnent Rooted in a lega￿ of resilience and sustained by the unwavering support of our community, we are dedicated to expanding our reach and deepeniro our impact. Through growing our membarship, 6nhan¢ing essential Servi￿8, and influencing policy, we strive to improve the lives of Chines8 immigrants across London. This commitment is reflected in our community wogr8mmes. which focus on three core priorities designed to deliver meaningfvl and lasting Gharoe: 1) Fostering inclusive and vibrant communities where every individual can flourish and lead a soci81 life filled with wrpose and potential. 2} Prornoting holisb'c wellbeing and mental heath. ueating safe, supportive environments that I￿lId$ resilience and belonging. 3) Empowering individuals to age with dignty arKI vrialty, ensuring later lrfe is rich with meaning, connection and opportunty. Page 2

isho Ho Min Wah Association a￿1 Commun Centr8 Trust88s' Re for the Year Ended 31 March 2025 How we wlll achieve it To realise Ihis commitment, we are investing in organisationa] development guided by four stregic pathways. These interconnected approachès wll strengthen our foundations, extend our reath, and ensure we remain responsive to th8 &volving needs of our communriy.. 1} Community Engagement relationships. 2} Strategic Partnership5- to detiver higFFimpad programmes and improve operational efficiency. 3) Diverslfied Funding - to build resilient, sustainable income streams that support long-term growth. 4) Capacity Building- to enhanix intemal capability and foster a thriving, adaptable team. to inspire broader support. expand outraach, and deepen LOOKING BACK In 2024-25, the Association moved beyond pandemic r8covery into a dynamic phase of renewed activity, capacity building, and strategic growih. A major mikestone was reached in November 2024, as we proudly celebrated our 40th anniversary. This momenl marked four decades of transformative work supporting Chinese ImM￿rants in London- an enduring legacy of empowering individuals as they build new lives in the UK. To celebrate, we laun(ed a series of new and enhanced initiatives that r8fi8Cted both our history and our evolving vision for the future. Membgvdhlp Growth Thi5 year marked a pivotal step foThRrd in our amtxtion to grow the Assoaation's membership base. Sino the BN{O} visa scheme began in 2021. over 150,000 Hong Konger5 have arrived in the UK, around 18% in London. This presents a unKiue opportunty to apply our cultural insight and establi8hed communty networks to welcome and support these newcomers. As of 31 March 2025, the Association had 1,219 Associate M6Ynbers, including 45 who joined during the year. Membership is open to all, offering access to ourfaalities and ￿1vItieS, many of which are freé or available at subsidised rales. Qf those who voluntarily shared personal detai18 (representing 60Yo of the membership). 84% identified as Chines& affiming the Association's corrtinued relevance to the community it was founded to serve. Most of our members are older adults aged 80 and above. Community Reach Our charitable y￿rk 18 anchored in ts Communty Centre at the Lower Crypt of St Martin-in-the- Fields, a welcoming and accessible space in the heart of London. Open fow days a week (Tuesdays, Thursday8, Fridays, and Saturdays from 11 am to 4 pm). the Centre is more than a physical venue., it continues to thrive as a Vltal hub for connection. leaming. and mutual support, particulariy in addressing loneliness arKI social isolation. Its impact has been especially signfficant among Chinese ImM￿Jrants, offering a brfdge to Integration within the wder communty while celebrating and preserviro their CUl￿ra1 heritage. Through its indusive programmes and opportunitses for personal growth, the Cenlre foster5 a sens8 of belonging and ompowemient for all who attend. Page 3

Bisho Ho Min Wah Association and Communit Centre Trustees, Re ort for the Year Ended 31 March 2025 qo YE3f5 O984~2029J clcommunity SeNte &X40 Special events and eelebrations In 2024-25, a total of 4,395 individuals participated in our in-person programmes. Activities ranged from cultural celebrations and wellness sessions to educational workshops and social events are all designed to foster belonging and strengthen community bonds. A further 356 individuals joined our online programmes. These digital spaces helped broaden our reach beyond physical and mobility limitations. We also observed a notable shift, particularly among younger participants, towards engaging as guests rather than formally joining as members. This trend highlights the importance of offering flexible, inclusive engagement opportunities that reflect the diverse preferenc8s within our community. Braln Health Workshop T81 Chi Practice Tradltlonal Chlnese Mediclne Workshop Page 4

Bisho Ho Min Wah Association and Communit Centre Trustees, Re ort for the Year Ended 31 March 2025 Programmes Outcomes and Highlights The Healthy Living Prograrnme promotes physical activity and holistic wellbeing, with a particular focus on supporting older adults in leading active, balanced lives. A diverse range of physical activities, including Tai Chi, Qigong, yoga, and dance, caters to varying fitness levels. Each term also features expert-led health and wellness talks, offering practical insights and guidance. In 2024- 25, the programme engaged 2.934 participants, underscoring its vital role in enhancing physical health and fostering a culture of wellbeing within Ihe community. The Education and Culture Programme champions lifelong learning and personal enrichment, with a special emphasis on Chinese art and cultural heritage. Participants explore traditional and contemporary practices through Glasses in Chinese Calligraphy, Chinese Painting, Watercolour techniques, and Putonghua. In 2024-25, the programme welcomed 423 learners, fostering creativity and cultural appreciation across generations. Chlnese Class Chinese CalLigraphy Class Art & Craft Work¥hop The Social Connection Programm8 nurtures meaningful relationships by bringing people together through shared experiences. In 2024-25, il engaged 1,394 individuals in a variety of activities. from enjoying nutritious Chinese-style lunches every Friday lo ￿lebrating cultural festivals and exploring nature or local attractions. By creating welcorning spaces for connection, the programme helps reduce stress, build self-esteem, and cultivate lasting friendships across the community. Page 5

sho omin Wah Association and Commun Trustees, Re ort for the Year Ended 31 March 2025 OBJECTIVES AND ACTIVITIES Publlc benefit Council Members have paid due regard to the guidano on public benefit produced by the Charity Commission and are ￿nfi￿ent that the work of theAssockqtion meets all the Criteria for public tenefrt. FINANCIAL REVIEW Financlal posltion Total income for 2024-25 rose to £100,304, up from £64,423 the previous year. Donation income more than doubled to £59,497 12024: £27,36n, drtven by a generous r￿7vate grft and a legacy contribution from a former m8mber. Investment income increased modestly to £6,788 (2024: £5,923), refleding our strategic shift towards cash holdings. Other income, induding occasional venue hire for extemal communty events, totalled £4,409 (2024.. £6,102). This overall growth highlights the impact of tar￿ed fundraising and our COn￿nUed financial prudence. Operating expenditur8 r8tumed to a more typical level of £90,055, down from £104,740 the previous year. Th8 prior yearfs higher costs reflerted a one￿ff professional fee and the conclusion of the GLA grant. Premtses costs fell to £28,520 (2024.. £30.496), benefiting from low8r energy pri￿s. Staff costs totalled £36,356 (2024: £37,528), tracking below budget due to staff tumover. Other cosÈs rose in line with inflation, with no notable eX￿ptiOnS. We closed the yearwith an operating su￿uS of £10,249, priorto net gains on investment of £10,953. The combined r8suIt was an increase in total funds by £21,202, bringing the Assoaation's reserves to £418,477 as of 31 March 2025. The Association's baknce sheet remains slrong. with all net assets held in unr8stiicted reseNes. Reserves and Investrnent Policy In line wf(h Council policy, unrestricted funds are maintained at a lev81 surriclentto cover nlne months of operating costs, aloroside a buffer for emergency eX￿nditure. This approach ensures financial resilience and continuity of seNice. The Investments Fund is a designated reserve that allocates unrestrided cash to short- to medium- term investments. Its dual objectives are to achieve an annual retum of 40A to 5¥0, while retaining flexibility to withdraw furvjs as n8eded to meet plann&J or unforeseen cash flow requirements. Page 8

Bisho Ho Min Wah Association and Commun Centre Trustees, Re for the Year Ended 31 March 2025 Organisatlonal development As the Asso￿atiOn marks foty years of dedicated Service. we are entering a critical phase of renewal. Our legacy of community care remains strong, with continued appre￿atIon frcm service users. However, we fa￿ a peri¢xI of transition that demands bold adaptation to ensure long-temi Sustainability. Demand for core servic8s has declined in recenl years, largely due to an ageing membership. Th8 combined impad of the pandemic and cost-of-living crisis has further strained our finances, exposing th6 limitations of a pre-COVID operating model that is no longer viable. In early 2024, the Council launched a strategic development initiative to strengthen our ¢apacity for growth and resIlren￿. This tEgan w5th an independent study into the evolving needs of Chinese immigrants, offering valuable insights to guide fubjre planning. Internal capacity building has been identtfied as the most pressing priority, centred on targeted r6cnJitment, volunteèr engagement. and professional development. wrthout sufficient capability, it is not possible to irnplement robust governan￿ struGtures enabling sub-commtttees and delegated responsibilibes. Our current staffing structure k8 already stretched. To develop new Services or enhance existing ones, we must expand the team in line with rising arAivty levels. In 2024-25, we welcomed a new trustee and staff member from the BN(O} visa holder community, ly)Ih with backgrounds in social work Their exFertise has brought frgsh enorgy and confidence to our transformation joumey. However, the departure of long-serving staff has placed additional pressure on our structure, and govemance reforms remain constrained by limited capacity. Strengthening organisalional capability remains essenttal and an ongoing priority. In Servi￿ development, mental health emerged as a key concem among new arrivals. In response, we partnered with The Brains to deliver six brain health workshops in. Strong engagement and positive feedback have laid the foundation for deeFer collaboration and fijture initiatives. FinanGially, the widenirvJ 0F￿rating deficAt poses a serious rtsk to our reseDies. ￿lIe targeted fundraising efforts in 2024-25 yielded encouraging results, continuing with the existing model is no longer tenable. Page 7

Bisho Ho Min Wah AssocAalion Cwimun Centre Trustees, Re for the Year Ended 31 Marth 2025 FUTURE PLANS As we look to the future, our Servi￿ development wrll focus on strengthening support for older adults and exparKling programm8S that engage and eMF￿Wer r￿nt immigrants. Building on the success of our expert-led workshops, we ￿ntinUe womoting brain health through ev￿daY actNities, responding to research that highlights low awaren&8s. stigma, and delayed help-seeking for dem6ntia among Chinese communities. induding bng-settled migrarrts in the UK. Alongside mental health awareness initiatives. we plan to relaunch a ￿trIendIng Servi￿ to foster connection and redu￿ isolation. Through daily inleractions and community feedback, we have identtffed a growing need for inrtiatives that foster S￿la1 integration, Gross-Gultural understanding, and creative expression. In response, we plan to launth new projects that bring together senior members. young volunte6rs-especially recent a￿1Val>and the wider community. We also aim to deepen engagement through digital media and other innovative approaches that refiect the ev0￿1ng ways people connect. Organisationally, one of our strategic wioribes is to attract, develop, and retain eX￿ptIOnal staff arKI volunteers. Th￿r conthbutions are vilal to our mission. Enhancing their experientx begins with cuftivating a positive, indusive CU￿Ure where weilbeing is priorttised and Fersonal growth is actively supported. Strategic partnerships will be key to accelerating progress and bridging gaps in capacity. We are deeply graleful to St. Martin-in-the-Frelds and its WKler Gommunrty for thair ongoing support. In the oming year, we will seek new allian￿ with charities and cory￿rate partners to strengthen our impact and extend our reach. Intemally, we will focus on streamlining operations through proven, te¢hnology-based solutions that improve efficiency and s8Nice delivery. Developing a robust tethnology strategy is overdue and essentl81 to keép pace with a rapidly changing world and the growing comF4extty of our work. Financial sustainability remains a c£rrtral thallerge. We recognise that relying solely on personal ne￿orkS and private donations is not viable long-temi. Diversifying our funding streams will require new skills, strategic investment, and sustsined effort- but we are optimistic and committed to this journ6y. Given our mcKlest scale and limited resou￿￿, the'council has adoF*ed a phased, pragmatic approach to change. This ensures we move forward with care, manage risks effectively. and remain r8sponsive to evolving communty needs. Pag6 8

Bisho Ho Min Wah Association and Commun Cenlre Trustees, Re ort for the Year ErKled 31 March 2025 STRUCTURE, GOVERNANCE AND MANAGEMENT Legal Statu8 and Govemlng document The charity is controll&J by its goveming document, a deed oftrust and constitutes an unincorporat6d charity. The AssocAation is a CharitakAe Incorporat￿ Organisation {CIO}, registered wilh th8 Charity Commission. It was originally founded as a chantable company lirnited by guarantee on 5 August 1984. With the support of members and a successful resolution at the AGM, the CIO constitution was fornially adopted on 17 November 2018, replacing the previous Articles of Association. This transition rèflects our commitment to a more streamlined and resili8nt legal structure, better suited to our evollring needs. OrganISa￿Onal stnKture Intemsts of Council Members Council Members do not re￿1Ve any remuneration or other personal benefft for their service to the Association. No related-paty transactions were reported during the financial year 2024-25. Membership and Voling Rights Voting Members are iTrJividuals aged 18 or over who hohj both the rMJht and responsibility to participate in the AssoGiation's General Meetings, induding voting on significant matters. As of 31 March 2025, the Association had 82 Voting Memters. Councll Mernbershlp and Appolnlment Council Members. who must also be Voting Members, are elected by their peers at the Annual General Meeting (AGMI aMI serve a term of three years. Where a vacancy is filled by Council nomination and appointment between AGMS, the appointed Council Member must retire and stand for re-ele(*on at the next AGM. Any Council Memter retiring by rotation or by giving notice remains eligible for re-election. Rlsk management The Council undertakes regular reviews of the risks facing the Asso(yation and ensures that appropriate mitigation measures are in place. It is satisf￿1 that the Assoaation's policies. systems, and procedures offer reasonable assurance against the wincipal risks identified. Comprehen$Ne Insuran￿ cover is maintained. and financial sustainabilty is activ8ty monitored. Any cOn￿rnS relating lo health and safety or safeguarding are addressed promptly and in line wlh established policy and pro￿dure8. Budgets, forecasts, and work pIar￿ are develO￿d with carefvl consideration of both the opportunities and challenges arising from ongoing financial uncertainty. The Council remains vigilant in monitoring high-impact, high-probability risks and is committed to tsking timely, proportionate action to mitigate them. Pag6 9

sho Ho Min Wah Association and Communit Centre Trustees, Re ort for the Year Ended 31 March 2025 Council Members, Responsibilities in relation to Financial Statements Charity law requires the Council Members, as trustees, to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Association as at the date of the balance sheet and its income and expenditure for the financial period under review. In preparing those financial statements, the Council is required to.. Select surtable accounting policies and then apply them consistently., Make judgments and estimates that are reasonable and prudent., State whether applicable accounting standards and slatements of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements., Prepare the financial statements on the going concem basis unless it is inappropriatè to presume that the company will continue in operation. The Council Members are responsible for maintaining proper accounting records of the Association to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other irregularities. In addition. they are responsible for ensuring that the accounts Gomply with statutory requirements, the requirements of the charity's governance instruments and including any other additional information required by law. THANK YOU Thank you to everyone who has stood with our community, both in recent times and over the years. Your support and contributions have helped foster connection, dignity, and belonging, especially among those navigating new beginnings or facing isolation. As we moveforward, we warmly invite you to continue shaping thisjourney. Whether by volunteering your time. sharing your skills, or offering financial support, your involvement directly strengthens the wellbeing of our community. Every act of generosity helps us reach those who need it most, and ensures our programmes remain inclusive, responsive, and sustainable. Approved by order of the Board of Trustees on 25 September2025 and signed on its behalf by.. W Y A Chan- Chair and Trustee Page 10

Inde Bisho endent Examinerfs Re ort to Ihe Trustees of Ho Min Wah Association and Commun Centre Independent examinerfs report to the trust888 of Blshop Ho Mlng Wah Association and Community Centre I report to the charity trustees on my examination of the accounts of Bish¢)p Ho Ming Wah AssocIat￿n and Cornmunity Cenlre (the Trust) for the year ended 31 March 2025. Re8ponslbllltl8s and basis of report As th8 charily trustees of the Trust you are responsible for the preparation of the accounts in a￿ordan* with the requirements of the Charities Aci 2011 {'the Act,). I report in respect of my examination of the Trusfs accounts Ca￿led out under Section 145 of the Act and in carrying out my examination I have follow&J all appliCa￿e Directions given by the Charity Commission under Section 145{5)(b) of th6 Act. Independent examinerfs statsment I have completed my examination. I confimi that no Material matters have com6 to my attention in connection with the examination gNing me cause to believe that in any material respect.. accounting records were not kept in resp6ct of th8 Trust as required by Section 130 ofthe Act" or the accounts do not accord wilh those records: or the accounts do not comply with the applicable requirements conceming the fO￿n and content of ac¢ounls sel out in the Charities (Accounts and Reports) Regulations 2C(18 other than any requirement that the accounts give a true and fair view which is not a matter Gonsidered as part of an indeFendent examination. I have no concems and have come across no other matters in connethon with the examination to which attention should te drabvn in this report in order to enable a proper understanding of thè accounts to be reached. Romtt Basu FCA The Institute of Chartered Accountants in England and Wales Bam8s Nob18 Ltd Unitec House 2 Albert Place London N3 1QB Page 11

Bisho omin Wah Association arml Commun Statement of Financial Activits8S e Year Ended 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestrided fu Notes £ Restrioted fund Designated INCOME AND ENDOWMENTS FROM Donations and legacies 59,467 59,467 27,367 Charitsble activities Charitable activities 29,742 29,742 25,442 Investment income Other incom6 6,788 6,788 5,923 5,689 Total 93,516 6,788 100304 64,421 EXPENDITURE ON Raising funds Raising donations and legacies 3.315 3,315 3.315 2,377 Charltabl8 actlvlties Charitable activities 85,507 102363 Total Net gains on investsnerts 56,235 NET INCOME 15,647 5.555 21,202 15,916 RECONCILIATION OF FUNDS Total fvnds brought forward 73,641 323,634 397.275 381,359 TOTAL FUNDS CARRIED FORWARD 89.288 329 189 418477 397 275 Page 12

Bisho Ho Min Wah Association and Communit Centre Balance Sheet As at 31 March 2025 31.3.25 Total funds 31.3.24 Total funds Unrestricted fund Restricted fund Designated Notes FIXED ASSETS Tangible assets Investments 329,189 284,014 371,904 145,172) 329,189 284,017 371.907 CURRENT ASSETS Debtors Cash at bank and in hand 13 2,421 140,573 2,421 140,573 4.674 27,191 142,994 142,994 31,865 CREDITORS Amounts falling due within one year 14 18,534) 18,5341 (6,4971 NET CURRENT ASSETS 134,460 134,460 25,368 TOTAL ASSETS LESS CURRENT LIABILITIES 89,288 329.189 418,477 397,275 NET ASSETS 89,288 329 189 418,477 397,275 FUNDS Unrestricted funds.. General fund Designated 15 89,288 329,189 22,419 374,856 418,477 397,275 TOTAL FUNDS 418.477 397,275 The financial statements were approved by the Board of Trustees and authorised for issue on 25 September2025 and were signed on its behalf by.. W Y A Chan- Chair and Trustee Page 13 continued...

Bisho Ho Min Wah Association and Commun Notes to the Finsncial Statements for the Year Ended 31 March 2025 ACCOUNTING POLICIES Basis of preparing tha flnancial statements The financial statements of Ihe Charity, which is a public benefrt entity under FRS 102, have been prepared in accordance with tho Chariti'es SORP (FRS 1021 'Accounting and Reporting by Charities.. Statement of ReccKnmerKled Practice applicable to charilies preparing their a¢¢ounts in accordance with the Financial ReFI)rting Stsndard applicable in the UK and Republic of Ir8land IFRS 102) (effe¢tnie 1 January 2019),, Financial Reporting Standard 102 'The Flnancial Reporting Standard applicabla in the UK and Republic of Ireland and the Charities Ad 2011. The financial statemerrts have been Ffepared under the htstorical cost convention, with the ex￿ption of investrnents which are included at market value, as modified by the revaluation of certain assets. Income All inGome is rec(yJnised in the Statoment of Financial Acliviiies On￿ the charity has entitlement to the funds. it is probable that the income will be re￿iVed and the amount can be measured reliably. Expendlture Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expendtture. it is probable that a transfer of ewnomic benefrts will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an acwals basis and has been classified under headings that aggregate all ¢o&t rela18d to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. Tanglble fixed assets Depr6ciation is provided at the following annual rates in order to off èach asset over its estimated useful lrfe. Taxation The charity is exempt from lax on ts tharitable acttvrties. Fund a￿ounting Unrestrtcted funds can be used in accordance wilh th& charitable objectives at the discretion of the tNslees. Restricted funds can only be used for particular restrithd purposes vAthin th8 objects of the charity. Restrictions arise when speCif￿d by the dmor orwhen funds are raised for particular restricted pU￿oses. Further explanation of the nature and purpose of eath fund is included in the noles to the financial statements. Pension ¢osts and other post-rellrement beneffts The charity operates a defined contribubon Fension scheme. Contributions payable to the charity's pension scheme are charged to the Ststement of Financial Activttses in the period to which they relate. Page 14 continu8d...

Bisho Ho Min Wah As60ciation and Commun Cenlre Notes to the Financtal Statements- ContinL￿d for the Year Ended 31 March 2025 DONATIONS AND LEGACIES . 31.3.25 Total funds 31.3.24 Total funds Unrestrided Restrfded funds fvnds Donations Legacies Grants 29,467 30,mO 29,467 30,000 10.824 16,543 59.467 In 2025, donations consisted of cash gffts from indNiduals or organisations, which the charity ould use for any purpose within its charitable objectwes. Likewise, there were no restrictions on the use of the ￿acY money received during the year. 2025 2024 Bishop R O Hall Legacy Fund Estate of late Wing Chuen Li LTL Lam Philip & joy￿ K8ll Rosamond Brown Sundry donations 1,000 30.000 1,000 21,C(10 1,000 1.000 1,000 Totsl Grants received, induded in the above. are as follows: 31.3.25 31.3.24 Other grants 16,543 INVESTMENT INCOME 31.3.25 Total fvrKIs 31.3.24 Total funds Unrestricted Restricted funds fvnds Other investment income Bank interests 6,788 6,788 5,921 Page 15 continued...

Bisho Ho Min Wah Association 8 Centre Notes to the Financial Statements - continued for the Year Ended 31 March 2025 INCOME FROM CHARITABLE ACTMTIES 31.3.25 Total funds 31.3.24 Total funds Unrestricbj Restricted funds funds Charitsble Activities 29,742 29,742 25,442 RAISING DONATIONS AND LEGACIES 31.3.25 Total funds 31.3.24 Total funds Unrestrided Resthcted funds ftJrKIs Fundraising Expenses 3,315 cHA￿TABLE ACTIVMES COSTS Suppjrt costs (see note 7) Direct Costs Totals Charitable adivities 84,591 2,149 86,740 SUPPORT COSTS Govemance costs Charitable actiVbtie5 2,149 TRUSTEES. REMUNERATION AND BENEFrrs There were no trustees, remuneration OT other beneffts for the year ended 31 March 2025 nor for the year ended 31 March 2024. Trustees, expènses There were no trustees, expenses paid for the year ended 31 March 2025 nor for the year ended 31 March 2024. STAFF COSTS 31.3.25 31.3.24 Wages and salaries Social security costs Other pension costs 32.874 2.549 933 34,280 2,220 1,028 Page 16 continued...

Bis Ho Min Wah AssooatÈon and Commun Notes to the Financial Statements- Continued for the Yèar Ended 31 March 2025 The average monthly number of emptoyees during the year was as follows.. 31.3.25 31.3.24 Average numter of employ&s No employees received emoluments in ex￿$ of £60.000. 10. COMPARATIVES FOR THE STATEmE￿r OF FINANCIAL ACTMTIES Unrestricted fund Restricted fund Total funds Designated INCOME AND ENDOWMENTS FROM Donats'ons and legaciès 10,825 (1) 16,543 27.367 Charitable actfvmies Charitable activities 25,442 25,442 Investment income other income 5.921 5,923 Tolal 5,920 16,543 EXPENDITURE ON Raislng funds Raising donations legacies 2,377 2.377 2,377 Charitablo actlvllies Charitable activities 953 Total 87,057 953 Nel gains on investments 50 NET INCOMEIIEXPENDrruRE) (45.049) 61,152 (18n 15.916 RECONCILIATION OF FUNDS Total funds brought forward 67.468 313.704 187 381.359 TOTAL FUNDS CARRIED FORWARD 22,419 397 275 Page 17 continued...

Bisho in Wah Association and Ccffjmun" Centre Notes to the Financial Statements- continued forthe Year Ended 31 March 2025 11. TANGIBLE FIXED ASs￿s Fixtures and fittings Plant and machinery Computer equipment Totals COST At 1 April 2024 and 31 March 2025 15.219 43.389 3,930 62,538 DEPRECIATION At 1 April 2024 and 31 Marth 2025 15.218 43,388 62,535 BOOK VALUE At 31 March 2025 At 31 March 2024 12. FIXED ASSET INVESThIErirs Listed Unlisted investments investments Tota15 MARKET VALUE At 1 April 2024 Disposals Revaluations 247 371,657 (98,843) 10,903 371,904 {98,843) 10,953 50 At 31 March 2025 297 283717 284 014 NET BOOK VALUE At 31 March 2025 297 283 717 At 31 March 2024 247 371,904 There were no investment assets ouiside the UK. Cost or valuatlon at 31 March 2025 is represented by.. Listed Unlisted investments investments Totals Valuation in 2025 50 247 (87,939) 371657 187,889) 297 283.717 Page. 18 continued...

Bisho Ho Min Wah Association and Commun Notes to thé Financial Statements - continued for the Year Ended 31 March 2025 13. DEBTORS: AMOUNTS FALLING DUE I￿H1N ONE YEAR 31.3.25 31.3.24 Other debtors Prepayments 154 2,267 4,674 2.421 14 CREDITORS: AMOUNTS FALLING DUE wrrHIN ONE YEAR 31.3.25 31.3.24 Trade ¢xeditors Other creditors 16. MOVEMENT IN FUNDS Net movement in funds At 31.3.25 At 1.4.24 Unrestricted funds General fund Designated 73,641 323,634 15,647 89,288 329 189 397,275 21,202 418,477 TOTAL FUNDS 397,275 418477 Net movem&nt in funds, induded in the above are as follows: IncomirttJ Resources Gains and Movement resources expended losses in funds Unrèstrlctsd funds General fund Designat8d 93.516 6,788 (88,822) 10,953 15,647 100,304 21.202 TOTAL FUNDS 10,953 21,202 Page 19 continued...

Bisho Ho Min Wah Association and Commun Centre Notes to the Financial Statements - continued for the Year Ended 31 Ma￿h 2025 15. MOVEMENT IN FUNDS - Contlnued C(Mnparatives for movement in lunds Net movement in funds At 1.4.23 31.3.24 Unrestricted funds General ftjnd Deslgnated 67.468 {45.049) 61,152 22,419 374,856 381,172 16,103 397,275 Restricted fun(ts Restricted 187 {18n TOTAL FUNDS 381.359 397 275 Comparative net movement in funds, induded in the aLx)ve are as follows: Incoming Resour(x Gains and Movement resources expended losses in funds Unrestrictsd funds General fund Destgnated 41,958 <87,057) 5,920 ￿953> 50 56,185 {45.049} 47,878 {88,010) 56,235 16,103 Restrlcted funds Restricted 16,543 (16,730) (187) TOTAL FUNDS 64.421 104 740 15,916 Page 20 continued...

Bisho Homi Wah AssociatFon arKI Commun Notes to the Financial Statements- continued for the Year Ended 31 March 2025 1& MOVEMENT IN FUNDS- continued A current year 12 months and prior year 12 months combined position is as follows.. Net movernent in funds At 31.3.25 At 1.4.23 Unrestrictsd funds General fund Designated 67,468 313,704 (29.402) 66,707 38,066 380,411 381.172 37,305 418,477 Restrlctsd funds Restrided 187 (187) TOTAL FUNDS 381,359 37,118 418,477 A current year12 months ar￿ prior year 12 months combined net mi)vement in funds, included in the above are as follows: Incoming Resour￿ Gains and Movement Tesources expended losses in funds Unrestr]cted fvnds General fund Designated 135.474 (175,879) 11.003 56,185 {29,402) 148,182 (178,C65) 67,188 37,305 Restricted funds Restricted 16.543 (16.730) (187) TOTAL FUNDS 194 795) 16. RELATED PARTY DISCLOSURES There were no related party transadions for year end&1 31 March 2025. Page 21