REGISTERED CHARITY NUMBER: 295620 Rert of the Trusttts and FinaDcial st*ten for the Year EThJed 31 March 2025 for WaithAm Fororf Chinoqe Association P and Co (Partners) LLP 18 Ensign Siieet London EI 8PA
Waltharn Forest Chinese Association Lontent5 of the Financial StatemeDts for the Year Ended 31 March 202) Pagt Report of the Trustees Indepcndent Examiner's Report Sta¢em¢nt of FinAncig1 ActiTriti BAknnce Sheet Notes ta the TrThnAncial StAtements 6 10 Detailed Statement of FiDancial ActitieS
Waltharn Forest Chinese Association Report of the Trustees for the l'ear F.nded 31 March 2025 The iruste£s present their rert with the financial staiemenis of the charitv for Ihe ended 31 March 2025. The tn]51ee5 have adopted the provisiorts ot. Accourttirtg and Reporting hv Charities= Sthiement ot Recommended Practice applicable i chdrities prepIn their account5 in accvrddnce with the Financial Reporting StaTr(Jdid dpplic4ible in the UK dnd Republic of Ireland IFRS 1021 leftective l January 20151. REFERENCE AND ADMINISTIL4TIVE DETAllS Registered CknTlt> number 29)620 Principal address 18 Et)sign Street L()ndon EI SPA Trustees Ksman SKLi Independent F.xaminer P and Co (Partners) LLP 8 Ensign Sireei London EI 8PA STRUCTURE, GOVEILYANCE AND fL4NAGE.ME.YT The LhaTlty is controlleJ by 11% g(IN'erning duMen(. a deed ol trusi and ¢OllSiiluS an uninL0Tptsraj Charily. OIIJF.CTIVFS AND ACTIVITIFS I'he Charity's Objectives To advance education in Chinese language for child aTMJ adults tesiding in the United KingdoTn. To prornvle Chinese culiure and heritage lor public benefil. To t'oster cr(I%S-cllltural undersianding between Chine%e and lder UK communiiie%. The Charity's Activities During the repi)rting year. Ihe charitv ¢arried out the folloIng aciii'ilies." Delivered weekly Chinese language Iboth Mandarin and CanLonesel classes for students Offered cultural enrichment sessioT15 including singing. chi[Se dance. iTrstrutnenls elc for adults. Provide4J edu¢a¢ional supwrt maienals ilUding itiKM)ks a[ volun*ei-ILxl iuionals ACHIEVEMENTS A.ND PERFORMANCE All language% cla%ses are operaiiona]. Presentlv. on a%'era£e. 'e 20 classes per 'eek. up 10 34 weeks per year. We have around 270 stu(knls with supp(irt vf 20 vvlunleer t¢aL-h¢r5 5 v(?lunleei i¢a¢hing &%515Llnts'. Waliham Fore%t Chinese A%sociaiion achieved ouistsnding exam sUIL% with all GCSE silldenLS scoring i()p grade8. Walihani Forest Chinese Associaiion also n]ns a weekiv CanLonese 0ra group for the older niembers of our comjnunity, providing ihe OPPOrfunities lor Ihem tt) learn to sing Cart¢onese opera and si1a]ise with other members. This group has staged performances to help raise money for our charity. Page I
FINALYCIAL REVIEW Totlil income foT 20?5 was £70.70.5, derived from donations. Total expenditure was £76,291. covering classrM ren¢. volunteer expenses and operational expenses. The resulting nei defi¢il of £5.-586 is mainly due t() in¢ieases in ¢la*si(K)m reni. textiM)()ks and utility Costs. The 4Jefi¢it was covered from iinresiricted reserves, which remain sufficieni io suppon ongoing aciivirie5. The trustees hdve reviewed the charity'5 findnce5 and are Satisfi that it retnains a guing concctn. PURLIC BENF.FIT ST.4TF.MF.NT lTre In]stees confirm that the! have considered the Chainy Cornrnission's guidance on public benefjt, and in particular the advancement i)t edueatiort, pr()m(Trti(Trn (Trf s(181 Inclusion. euliurdl UndeladIrtg and diveitY and commllniiy develnpment. "UNDS HELD AS CUSTODIAN TRUSTEL The charity did not hold any fund5 a5 a cu5t(Kiian tSlee during the rq>orting yeai. STA TEMENT OF TRUSTEES. RESPONSIBILITIES The [SIt£S IK S Man and S K Lil art Tesponsible for maintaining accurate accounting record5 and prepaTing the annual repi)rt and accnllnts In aLCOrdan 'Ith the Charities A¢t ?nl l and Chariiv Commis%ion requiremenLS. Approved by older of the board of ITUStees on 1811112025 and 5igTKd on its behalf bv.. Trustee Page 2
Ind¢p¢ndent Exarniner'5 Rert to the Trwstees of Waltham Forest Chinese AwlatIOn Independent examiner's report to the trustees ofwaltham Foresl Chinese A&4Kiation I report to the charity trusie£s on my examinaiion of Ihe ac£ount5 of Waliham Foresi Chinese Association (the Trust) for the year ended.31 March 2025. Reswyn5ibilities and basis of report A5 the chaiiiy ttUStees vf ihe Ttusi. Vou are re5pon5ible forthe preparation of the accounts. in accor(Jance with the requiremeiits. ol the Charities Aci 2011 {'the Aa'l. I report in respect of my examination irf Ihe Tn]si's accounts carried out under 5eciion 145 of ihe Act and in carrying out my examinatinn I have t"olli)wed a]1 applicable Direeiion8 given by the Charity Commiision under section 145(5llbl i)f the Aei. Independent exAminer'.s.4tAtement I h£ive Lotnpleted Tny txatnination. l Lonfirtn thai fflaietial wnatters have COTne to Tlly attenlion in connection with the examination giving me cause io lie1't thai in anv material re5pect= accounting record5 were not kept respect of ihe TtU51 a5 required by section 1.10 of the Act- or the aeL()unts do not e0rd w'ith thn%e record%- or the accounts do not cotnply "Ith the applicable iequiiemen15 conceTning the fomi and content of accounts set out in the Charitie% IAcLollni% and Rep()rtsl Reglllati()n$ 21K)8 1)Iher than any requiremeni thai the aLcnunL% gil'e a true and fail i'iew w'hich is not a rnatlei considered as part of an independent examinatLOn. I have no concerns artd have Lome across rto oiher M$ In conrte¢¢ion with the examinaiion to whiLh aueniion should be drawn in this report in order to enable a proper understanding of the accounts to be reached. P Aa Co LLR P & Co LLP Chartered Accountan15 P and Ci) (Partners) LLP 18 Ensign Siietl London EI 8PA Date.. 0511212025 Page 3
Waltharn Forest Chinese Association Statement of Financial ACtitieS for the l'ear F.nded 31 March 202> 2024 Total Total furtds INCOME AND ENDOWMENTS FROM th)nation5 and leg4i¢ies 70,705 75,IN) EXPENDITURE ON Other 76.291 NET INCOMFJ (LOSS) (5,5861 11,167 RECONCILIATION OF FUNDS Total fund5 brought forsvard 192,640 181,473 TOTAI. FUNDS CARRIF.D FORWARD 187.054 192,640 The notes form part of these tinat)cial sthiements Page 4
Waltharn Forest Chinese Association Balance Sheet 31 Nlarch 2025 2024 Total Total furtds Note5 FIXED ASSETS T(Ingible assets 279 CURRENT ASSETS SILKks Cash at hank Debt015 50 189,IP95 50 19_3,598 -30 19_3,678 189,145 CREDITORS Amounts falling due within one v&gr (2,3701 (1,4101 NET CURREf4T A&SE'rs 186,775 192,268 TOTAL ASSETS LESS CURRENT LIABILI'I-IES 187,054 191,640 NET A&SETS 187.054 192,6AO FUNDS UnreslTicied fund5 io 187.054 192.640 TOTAL FUNDS 187,054 192,(AO The financial staiemenis were approved by the Board of Tn]sLees a[ authorised for isslle on Signed i)n iL% behalf by.. 1$11112025 alld were Tn]stee The notes form part of these tinat)cial sthiements Page 5
Waltharn Forest Chinese Association Notes to the Financial Statements for the l'ear F.nded 31 March 202> ACCOUNTING POI.ICIFS Basis of preparing the finanfial statements These hdve been prepdied un(kr the histVriC411 c05t convention with items recognibed at cost 01 tian5tIon value unless oiherwise slated in the relevani noies io these accounts. The accounts have been prepared in acCorda[e with.. The St2L ietnent of Recomtnended Practice= Accounting ar Reporting by Charities preparing their accounts irt aceordanee lth the Financial Rep)rting Stsrtdard applicable irt the UK and Repuhlic nf"Ireland (FR$ 1021 issued on 16 July 2014 The Financi11 Repvrting Standard applicable the U11¢(1 Kin¥dom and Republic of IrelaDd IFRS 1021 The Charities Act 2011 The charity constituies a public nefIt eniiry as defjned bv FRS 102. InC0e All In¢ome Is reiognised in ihe S¢aiemeni of Finan¢ial A¢iivi¢ies On ihe ¢hariiy has ert¢i¢lemeni to ihe lunds, il is probable ihat the inLottLe will received and the can tnea5ured reliably. Expenditure LiL2bililies are recognised a5 expendtiure a5 soon as ihere is a legal or constructive obligation committing the charity to thai exnlIurt. It is probable thai a transfer of iEn¢filS will be ra]uire£l in seiilerneni ihe amuuni or the obligation can be measured reliably. ExpendiLure is accounted for on an accruals basis and has been classified under heading% thai aggregate all co81 related li) Ihe caie40ry. Where CO%L% cannoi be direLily aitribuied tn particular he(Iding5 they have be£n allal£d io aclii'ilie5 on a basis COnS1slellt 'Ith the use of re50urLes. Tanglble flxed ets Depreciatiot) is provided at the followit)g annual res in on]er write off each assei oi'er lis esiimated useful life. FuTnitUTe, Fixtures & Equip¢1 25* on ieducing balancc Sti)eks Stocks are vallled ai the 14)wer of cost and nei reallble va]ue. arier making due allowance f()r obsoleie and sli)w mvving iletn5. Taxation The charity is exempt from on i15 charitable 1vilieS. Fund aecounting Unre%tricied fund% can be in ac£4)rdance '1th the charithble abJecii%'es ai the discreiion af the tsu8iees. Restricted funds can only used forpanicular restricted purpostt within the objects of the charity. Restrictions arise when spe¢ified by ihe donor or whert funds are raised for particular purw)ses. Further explanation ot the nature and purp)se of each fund is included in the notes io the fJnancia] statements. Page 6
Waltharn Forest Chinese Association Notes to the Financial Statements- coDtinued for the l'ear F.nded 31 March 202> TRUSTEES, REMUNEIL4TION AiYD BENEFITS There were no trustees, reTnuneiation other benefits fvr the yeai eTvJed 31 March 202.fj foi the year en(kd 31 March 2024. Tru5tees' expenses There weTe no ttU5tee5' expeTr5e5 paid for the year en(kd.I l March 2025 noi for the year ended 3 l MaTch 2024. EMPLOYEES The average monthly nutnber of employee5 during the y&ir wa5 as follows= 2025 20 2024 2n Staff 21 21 No employees received emolument5 in excess of £fl).(KK) per annum. COMPARATIVES FOR THE STATEMENT OF FLYANCIAL AcfivITIES Unrestricted fund INCOMF..4ND F.NtK>WMF.NTS FROM Donaiions legacies 75,1(1) EXPENDITURE ON Other 63,993 NET INCOME 11,1fi7 RF.CONCII.IATION OF FUNDS Total funds brought fonvard 181.473 TOTAL FUNDS CARRIED FORWARD 192.640 Page 7
Waltharn Forest Chinese Association Notes to the Financial Statements- coDtinued for the l'ear F.nded 31 March 202> TANGIBI.F. FIXF.D ASSF.TS Fixture5 and fitting COST At l April 2024 and 31 March 2025 4,71 DEPRECIATION At l April 2(P4 Charge foT year 9.3 At 31 March 2025 4,432 NET BOOK VALUE At l April 2024 372 At 31 March 2025 279 STOCKS 2025 2024 Finishe£l u(M)ds 50 50 CASH AT BANK 2025 2024 Cash ai bartk 189.(P5 19.3,598 DEBTORS: AMOUNTS FALLING DUE wrfHP4 of4E YEAR 2025 2024 Trade debtOTS 30 CREDITORS: AMOUNTS FALLLYG DUE wrfHIN ONE YEAR 2025 2024 TTade creditor5 2..370 1.410 2.-370 .410 Page 8
Waltharn Forest Chinese Association Notes to the Financial Statements- coDtinued for the l'ear F.nded 31 March 202> MOVF.MF.Pa IN FUNDS Net rnovemeni in funds At 31.3.25 At 1.4.24 Unrestricted funds General funds 192. 15,5861 187.054 TOTAL FUNDS 192.640 15.5861 187.n54 Net TnvveTnent in fund5'. inLludtd in the aEK)ve are as follows= In¢oming resources Rewur¢es expended mO¢MenT in funds Unrestrieted funds General tunds 70,7n5 (76,?911 15,5861 TOTAL FUNDS 70.705 176.2911 15.5861 Comparatives for moyement fuDds Net ovement in funds At 31.3.24 Ai 1.4.23 Unrestricted General t.unds 181,473 11.167 192,640 TOTAL FUNDS 181.473 1,167 I92,0 Coinparative nei movement in funds. included in ihe above are as follows= Incoming re%ources Resources expended Moi'ement in fundq Unrestricted fuDds General funds 75,1(A) (63,9931 1,167 TOTAL FUNDS 75.IfA) (63,9931 1,167 Page 9
Waltharn Forest Chinese Association Notes to the Financial Statements- coDtinued for the l'ear F.nded 31 March 202> ii. RELATED PARTY DISCLOSURES There weTe no ielaled P41rty transactivns for the year end 31 March 2025. Page 10
Walth8rn Forest Chinese Association Detailed Statement of Financial ActiTrTrties for the l'ear F.nded 31 March 202> 2025 2024 INCOME AND ENDOWMEYTS Donations and legacies th)nation5 70.705 75.160 Total incoming resources 70.705 75,1É11 EXPENDITURE Support costs Other Wages Voluntary Workei EXe$ Raies and water Insllrance Telephone Post ge and stationery Sundrie5 Depreciation of tangible trixed assets 10.125 10.125 23.034 1,375 3(KJ 2.863 3,446 93 18.712 1255 3(KJ 1.397 1,4.Al 124 72,961 62,583 Governance costs AcLollnianLy at)d lega] fees 3,330 1,410 Toial resources expertded 76,291 63.993 Net IDcomel Ilossl 15,5861 This page does llOL forni part of t]ie siamiory finat)cial SL2iements Pagell