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2021-03-31-accounts

Charity Registration No. 297742

Company Registration No. 02149909 (England and Wales)

CHINESE COMMUNITY CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

CHINESE COMMUNITY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Patron Lady Youde
Trustees Ms C Y W Yau
Mr H Y Chan
Mr Z A Lau
Mr D Lee
Mr I D Haworth (Appointed 1 March 2021)
Secretary Mr H Y Chan
Charity number 297742
Company number 02149909
Registered office 2 Leicester Court
London
England
WC2H 7DW
Independent examiner abacus azure
Chartered Certified Accountants
85-87 Bayham Street
London
NW1 0AG
Bankers HSBC Plc
17 Gerrard Street
London
W1V 8HB
The Bank of East Asia Limited
London Branch
75 Shaftesbury Avenue
London
W1D 5BB
Manchester Building Society
125 Portland Street
Manchester
M1 4QD
Solicitors Dominic Lee
60-66 Wardour Street
National House
London
W1F 0TA

CHINESE COMMUNITY CENTRE

CONTENTS

Page
Trustees' report 1 - 3
Independent examiner's report 4
Statement of financial activities 5
Balance sheet 6
Notes to the financial statements 7 - 16

CHINESE COMMUNITY CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2021

The trustees present their report and financial statements for the year ended 31 March 2021.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The charity's objects are is to improve the quality of life and well-being of the Chinese Community in London, particularly the new arrivals and those who are disadvantaged, preserving Chinese culture, arts, identity and traditions. The policies adopted in furtherance of these objects are those that continue to provide services to meet the needs of Chinese Community across London. There has been no change in these during the year.

The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.

Achievements and performance

The lockdown came as a shock when it was announced on the 23rd of March 2020 and we had only two days to prepare closing the Centre. The staff team hoped the lockdown would be over in a couple months and by summer 2020 everything would be back to normal.

During the first lockdown, we asked all staff to work from home if they could, for example, administrative staff would stay in contact with elderly members who were shielding and signposted services as we managed to arrange with food banks and Age UK, where necessary for food and medicine delivery. Staff from the information & advice department working from home continued the welfare applications and online services for members.

Before the second lockdown in December, we opened 4 days a week and 4 hours a day to help those who couldn’t be assisted remotely, and for those who did not have access to the internet. Even with shorter opening hours, we managed to complete 1,540 cases and claimed a total of £442,761 in benefits for our members. The government Furlough scheme definitely saved our charity and the members of our community.

Apart from Information & Advice, the UK Society of Chinese lawyers (UKSCL) carried out pro bono legal advice for our members over the phone or via Zoom. We handled a total 73 cases. Some of our elderly members live alone and couldn’t cook, with no restaurants open, we continued our takeaway services specially for those who were in greater need, we managed to serve more than two hundred takeaway lunches during the lockdown.

Classes were offered online, such as Cantonese for adults, Chinese painting, Chinese dance, in fact we added few new classes such as Cantonese for kids aged 5-7; 8-10 and Mandarin for beginners. All these classes benefited people who were shielding or lived further away, such services continued after the lockdown restrictions lifted.

During the complete lockdown, we took this opportunity to deep clean the Centre and gave it a complete makeover. The last time the Centre being painted was 10 years ago. We cleared out the storerooms and recycled all old hardware. We also upgraded our old telephone system so that we could employ call forwarding to our staff, and have a voice messaging service, enabling a more efficient service to our members.

CHINESE COMMUNITY CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021

Financial review

In terms of funding, our Centre Director Beverley started an online JustGiving campaign—save the CCC2020, as of 31.03.2021 we raised £25,377 for the Centre, she has collaborated with other charitable organisations to successfully deliver online activities. Beverley has also worked tirelessly contacting many private companies in order to raise funds for the CCC and manged to obtain generous donations from private companies such as Deciem (£20,000) and Lewis Communications (£2,000).

In summary, it was a very difficult year for everyone especially for charities, but we managed to survive, and we came out stronger than before such is the resilience of our community.

It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

The trustees has assessed the major risks to which the charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks. The main risks are as follows:

Identified Risks Risk Management
Competitive environment Identify resources
Insufficient funding Cutback in office activities, review work programme
regularly, negotiate with funders for increased
support and further develop income generation
activities
Highly in-demand services Regular reviews of services criteria and
programmes
Capacity demands on staff Regularly review staff training and development plan,
strengthen supervision and appraisal processes to link with
organisational, financial and services objectives. Focus on
impact and outcomes

Plan for the future

We will continue to serve in spite of financial adversity and we will remain committed and dedicated to our community and those who need our support.

Structure, governance and management

The charity is a company limited by guarantee.

The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were:

Ms C Y W Yau Mr H Y Chan Mr Z A Lau Mr D Lee Mr I D Haworth (Appointed 1 March 2021)

None of the trustees has any beneficial interest in the company. All of the trustees are members of the company and guarantee to contribute £1 in the event of a winding up.

CHINESE COMMUNITY CENTRE TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2021 The charity Ss dependent on the dedlcation and contrbutton of the slaff team and tho Se￿ISh-le$S volunteers lo assist with its fundraising a variety of activities. Trustees oversee the activ1th￿ of th8 Centre. The Try￿lee8 are respenslble for pollcy d8cigons, gen8r81 ￿(￿&S of d￿rity. Acommitted profession81 stgff is central to the success of Ihe wganisalion. Al slaff we provlded wllh gngoing SLlPW)rt. training and development opportunitie5. Thé Centr8 ryJrr8ntEy émploys 8 fiJI￿lIm• staff. The trustees, report was approved by the Board ofTrustaes. MrHYChan trust89 Daled: 14 Odober 2021 MsCYWYau Irustae Daled:14 oct￿ 2021

CHINESE COMMUNITY CENTRE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHINESE COMMUNITY CENTRE

I report to the trustees on my examination of the financial statements of Chinese Community Centre (the charity) for the year ended 31 March 2021.

Responsibilities and basis of report

As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Noel Aloko FCCA

abacus azure Chartered Certified Accountants 85-87 Bayham Street London NW1 0AG

Dated: 18 October 2021

CHINESE COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2021

Unrestricted
Restricted
funds
funds
2021
2021
Notes
£
£
Income and endowments from:
Donations and legacies
3
10,221
125,872
Charitable activities
4
4,188
3,000
Other activities
5
22,363
-
Investments
6
503
-
Material other income
810
-
Other income
7
35
-
Total income
38,120
128,872
Expenditure on:
Raising funds
8
6,349
-
Charitable activities
9
38,173
118,533
Material other
expenditure
5,000
-
Total resources
expended
49,522
118,533
Net (expenditure)/income
for the year/
Net movement in funds
(11,402)
10,339
Fund balances at 1
April 2020
As originally reported
100,917
279
Prior year adjustment
(1,300)
7,048
As restated
99,617
7,327
Fund balances at 31
March 2021
86,915
24,714		 Total Unrestricted
Restricted
funds
funds
2021
2020
2020
£
£
£
136,093
45,786
47,115
7,188
43,735
-
22,363
58,609
-
503
932
-
810
2,176
-
35
4,732
-
166,992
155,970
47,115
6,349
15,876
-
156,706
154,826
47,115
5,000
10,971
-
168,055
181,673
47,115
(1,063)
(25,703)
-
106,944
125,320
7,327
5,748
-
-
112,692
125,320
7,327
111,629
99,617
7,327		 Total
2020
£
92,901
43,735
58,609
932
2,176
4,732
203,085
15,876
201,941
10,971
228,788
(25,703)
132,647
-
132,647
106,944

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006.

CHINESE COMMUNITY CENTRE BALANCE SHEET ASAT31 MARCH2021 2021 2020 Noles Flxed assets Tangible assets 13 11.924 14.905 Current 8$$ets Debtors Cash al bank and In hand 14 2,476 318.640 2,975 215.038 321.116 218,013 Creditors.. amounts falllng du• within one year 16 (100.411) (4.9741 Nel eurrenl assets 220,705 213.039 Total a55ets les5 currgnt liabilities 232.629 227,944 Pfovl$lon$ f¢r IIabllltle$ 1121.000) {121.000} Net assets 111.629 106,944 Income funds Reslrtcled funds Unreslricled funds 24.714 86.915 7.327 99.617 111,629 106.944 The company Is entitled to the exemplion from the *JJtt requirement contained n Secti￿ 477 of the Companies Act 2006. for the year ended 31 March 2021. The directors acknowledge their responsibilities for Cornpl￿ng w￿th the requirements of Ihe Companies Act 2006 with respect lo accounling records and the p￿paratiOn of financial slalements. The mpmbers have Mt requI￿d the company to 0￿1n an avdit <rf its finanelal 5tatem8nts for the ￿ar in question in accordance with section 476. These fiAand81 statements have been prepared in Kr￿dance with the provisions applThble to compnies subject to Ihe small companies regime. The financial stslements w e approved by the TnBlee5 on 14 October 2021 MSCYW Trustee au MrHYChan Trustee Company Reglstratlon N . 02149909

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

Charity information

Chinese Community Centre is a private company limited by guarantee incorporated in England and Wales. The registered office is 2 Leicester Court, London, WC2H 7DW, England.

1.1 Accounting convention

The financial statements have been prepared in accordance with the charity's Memorandum and Articles of Association, the Companies Act 2006 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The charity is a Public Benefit Entity as defined by FRS 102.

The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.

1.4 Incoming resources

Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

1.5 Resources expended

Income and expenses are included in the financial statements as they become receivable or due.

Expenses include VAT where applicable as the company cannot reclaim it.

1.6 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Fixtures and fittings

20% Reducing balance basis

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.7 Impairment of fixed assets

At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.9 Financial instruments

The charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the charity's balance sheet when the charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

1 Accounting policies

(Continued)

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.

1.10 Provisions

Provisions are recognised when the charity has a legal or constructive present obligation as a result of a past event, it is probable that the charity will be required to settle that obligation and a reliable estimate can be made of the amount of the obligation.

The amount recognised as a provision is the best estimate of the consideration required to settle the present obligation at the reporting end date, taking into account the risks and uncertainties surrounding the obligation. Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value. When a provision is measured at present value, the unwinding of the discount is recognised as a finance cost in net income/(expenditure) in the period in which it arises.

1.11 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.12 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

2 Critical accounting estimates and judgements

In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
COVID-19 Grants
-
71,122
Grants
-
6,750
Sponsorships
-
13,000
Luncheons
680
-
Workshops
9,541
35,000
10,221
125,872
For the year ended 31 March 2020
45,786
47,115		 Total
2021
£
71,122
6,750
13,000
680
44,541
136,093		 Total
2020
£
-
26,115
21,000
11,051
34,735
92,901
92,901

4 Charitable activities

Fundraising
Donations
Other charitable activities
Membership fees
Analysis by fund
Unrestricted funds
Restricted funds		 2021
£
43
-
-
7,145
7,188
4,188
3,000
7,188		 2020
£
6,662
30,890
686
5,497
43,735
43,735
-
43,735

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

5
6
7
8		 Other activities Other activities
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Elderly activities
78
1,257
Fundraising events
15,329
4,937
Youth activities
860
6,909
Letting and licensing arrangements
5,644
35,316
Sponsorships
-
7,735
Other income
452
2,455
Other activities
22,363
58,609
Investments
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Interest receivable
503
932
Other income
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Sales within Charitable activity
35
4,732
Raising funds
Unrestricted Unrestricted
funds
funds
2021
2020
£
£
Fundraising and publicity
Workshops
6,349
15,876
6,349
15,876
15,876

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

9 Charitable activities

Charitable
Expenditure
Charitable
Expenditure
2021
2020
£
£
Staff costs
123,919
145,582
Depreciation and impairment
2,981
3,726
Elderly activities
86
614
Luncheons
489
8,380
Youth activities
-
5,425
Other charitable expenditure
-
492
Chinese Community Health & Wellbeing
-
5,000
127,475
169,219
Share of support costs (see note 10)
22,582
25,272
Share of governance costs (see note 10)
6,649
7,450
156,706
201,941
Analysis by fund
Unrestricted funds
38,173
154,826
Restricted funds
118,533
47,115
156,706
201,941		 Charitable
Expenditure
Charitable
Expenditure
2021
2020
£
£
Staff costs
123,919
145,582
Depreciation and impairment
2,981
3,726
Elderly activities
86
614
Luncheons
489
8,380
Youth activities
-
5,425
Other charitable expenditure
-
492
Chinese Community Health & Wellbeing
-
5,000
127,475
169,219
Share of support costs (see note 10)
22,582
25,272
Share of governance costs (see note 10)
6,649
7,450
156,706
201,941
Analysis by fund
Unrestricted funds
38,173
154,826
Restricted funds
118,533
47,115
156,706
201,941		 Charitable
Expenditure
Charitable
Expenditure
2021
2020
£
£
Staff costs
123,919
145,582
Depreciation and impairment
2,981
3,726
Elderly activities
86
614
Luncheons
489
8,380
Youth activities
-
5,425
Other charitable expenditure
-
492
Chinese Community Health & Wellbeing
-
5,000
127,475
169,219
Share of support costs (see note 10)
22,582
25,272
Share of governance costs (see note 10)
6,649
7,450
156,706
201,941
Analysis by fund
Unrestricted funds
38,173
154,826
Restricted funds
118,533
47,115
156,706
201,941
2021
£
123,919
2,981
86
489
-
-
-
127,475
22,582
6,649
156,706
38,173
118,533
156,706		 2020
£
145,582
3,726
614
8,380
5,425
492
5,000
169,219
25,272
7,450
201,941
154,826
47,115
201,941

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

10
Support costs
Staff costs
Bankcharges
Training
Travelling
Rates
Insurance
Telecommunications
Staff recruitment
Cleaning & maintenance
IT costs
Print. post. & stationery
Subscription & sundries
Examiner's fees
Accountancy
Legal and professional
Analysed between
Charitable activities		 Support
costs
Governance
costs
£
£
540
-
(88)
-
-
-
40
-
4,659
-
395
-
2,401
-
174
-
3,018
-
5,621
-
4,406
-
1,416
-
-
1,500
-
3,550
-
1,599
22,582
6,649
22,582
6,649		 2021
£
540
(88)
-
40
4,659
395
2,401
174
3,018
5,621
4,406
1,416
1,500
3,550
1,599
29,231
29,231		 Support
costs
Governance
costs
£
£
3,084
-
167
-
427
-
1,194
-
4,127
-
348
-
3,749
-
347
-
1,470
-
5,426
-
3,649
-
1,284
-
-
1,500
-
3,350
-
2,600
25,272
7,450
25,272
7,450		 2020
£
3,084
167
427
1,194
4,127
348
3,749
347
1,470
5,426
3,649
1,284
1,500
3,350
2,600
32,722
32,722

Governance costs includes payments to the independent examiner of £1,500 (2020- £1500) for independent examination fees.

11 Trustees

None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.

12 Employees

The average monthly number employees during the year was:

Employment costs
Wages and salaries
Social security costs
Other pension costs		 2021
Number
9
2021
£
119,073
3,523
1,863
124,459		 2020
Number
8
2020
£
140,371
6,164
2,131
148,666

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

13
Tangible fixed assets
Cost
At 1 April 2020
At 31 March 2021
Depreciation and impairment
At 1 April 2020
Depreciation charged in the year
At 31 March 2021
Carrying amount
At 31 March 2021
At 31 March 2020
14
Debtors
Amounts falling due within one year:
Trade debtors
15
Loans and overdrafts
Bank overdrafts
Pension
Payable within one year		 Fixtures and fittings
£
125,578
125,578
110,673
2,981
113,654
11,924
14,905
2021
2020
£
£
2,476
2,975
2021
2020
£
£
345
5
312
-
657
5
657
5		 Fixtures and fittings
£
125,578
125,578
110,673
2,981
113,654
11,924
14,905
2021
2020
£
£
2,476
2,975
2021
2020
£
£
345
5
312
-
657
5
657
5
125,578
110,673
2,981
113,654
11,924
14,905
2020
£
2,975
2020
£
5
-
5
5

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

16 Creditors: amounts falling due within one year

Notes
Bank loans
15
Other borrowings
Other taxation and social security
Deferred income
18
Trade creditors
Other creditors
Accruals and deferred income
Provisions for liabilities
Movements on provisions:
£
At 1 April 2020 and 31 March 2021
71,000
18
Deferred income
Other deferred income		 2021
£
345
312
1,332
95,672
1,250
-
1,500
100,411
2021
£
71,000
50,000
121,000
£
50,000
2021
£
95,672		 2020
£
5
-
2,443
-
1,250
(224)
1,500
4,974
2020
£
71,000
50,000
121,000
Total
£
121,000
2020
£
-

19 Retirement benefit schemes

Defined contribution schemes

The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund.

The charge to profit or loss in respect of defined contribution schemes was £1,863 (2020 - £2,131).

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2021

20 Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2021 2021 2021 2020 2020 2020
£ £ £ £ £ £
Fund balances at 31
March 2021 are
represented by:
Tangible assets 11,924 - 11,924 14,905 - 14,905
Current assets/
(liabilities) 195,991 24,714 220,705 205,712 7,327 213,039
Provisions (121,000) - (121,000) (121,000) - (121,000)
86,915 24,714 111,629 99,617 7,327 106,944

21 Related party transactions

There were no disclosable related party transactions during the year (2020 - none).