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2025-03-31-accounts

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

Charity registration number 297742

Company registration number 02149909 (England and Wales)

CHINESE COMMUNITY CENTRE

ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

LEGAL AND ADMINISTRATIVE INFORMATION

Patron Lady Youde
Trustees Ms C Y W Yau
Mr D Lee
Mr I D Haworth
W Mui Fong Chiu (Appointed 14 May 2025)
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
Aldermore bank
The Broadgate Tower
20 Primrose Street
London
EC2A 2EW
Solicitors Dominic Lee
60-66 Wardour Street
National House
London
W1F 0TA

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

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 - 15

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 MARCH 2025

The trustees present their annual report and financial statements for the year ended 31 March 2025.

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 London Chinese Community Centre has continued to offer an ever-growing range of vital community and social service activities, particularly for those who are disadvantaged, isolated and vulnerable. Our expert staff provide free, confidential and impartial one-to-one support in areas where many struggle, such as welfare, education, housing, health and even family/personal problems. We provide free access to professional legal advice. There has been a significant increase in demand during the last year for our services.

Our charity has maintained the required high standards and retained accreditation under the Advice Quality Standard (AQS) for Welfare/Benefits. This accreditation strengthens our ability to help clients access statutory benefits and services—without it, providing such assistance would be significantly more challenging.

Our Information & Advice Services continue to offer impartial support, handling a total of 2,420 cases and helping claim £596,597.38 in benefits. We also conducted over 40 outreach trips during the 2024–2025 period.

The UK Society of Chinese Lawyers (UKSCL) provides pro bono legal advice to our members via phone. To date, we have handled 98 legal cases, representing a 33% increase compared to the previous year.

We have also collaborated with the NHS, Dementia UK, and AgeUK to run a series of health workshops for our members, including:

Our Centre continues to work in partnership with the Chinese Welfare Trust (CWT) and Dementia UK, offering ongoing weekly consultation services. We are deeply grateful for their contributions.

Our partnership with Westminster Adult Education Service (WAES) enables us to provide weekly ESOL classes. We also organised a series of cultural workshops and outings in collaboration with various organisations. The Centre benefited from remaining funding from City Bridge Trust until September 2024, for which we are thankful.

We estimate that 20–25 members and non-members support our Lunch Club daily. Many elderly members live alone and are unable to cook for themselves. Each month, we serve hundreds of lunches and takeaways at the Centre.

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Financial review

Some corporate donations have further secured the Centre’s short-term future. The Trustees have agreed to reserve any surplus funds to secure a permanent property when the current lease with the Hippodrome Casino expires in a few years, or in case of future financial challenges.

Despite the rising cost of living driven by extreme inflation, the Centre remains a vital hub for the Chinese community, thanks to the strong support and 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 consider 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

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 D Lee Mr I D Haworth W Mui Fong Chiu (Appointed 14 May 2025)

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.

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

The trustees' report was approved by the Board of Trustees.

Ms C Y W Yau trustee

29 September 2025

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

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 2025.

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

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ACCA, which is one of the listed bodies.

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

FCCA

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

Dated: 1 October 2025

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025

Unrestricted
Restricted
funds
funds
2025
2025
Notes
£
£
Income and endowments from:
Donations and legacies
3
40,310
60,350
Charitable activities
4
38,430
-
Other activities
5
90,358
-
Investments
6
19,436
-
Material other income
1,433
-
Other income
7
7,564
-
Total income
197,531
60,350
Expenditure on:
Raising funds
8
6,210
6,035
Charitable activities
9
179,659
54,315
Material other
expenditure
10,922
-
Total expenditure
196,791
60,350
Net income/(expenditure) for
the year/
Net movement in funds
740
-
Fund balances at 1 April 2024
482,294
5,299
Fund balances at 31 March
2025
483,034
5,299		 Total Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
100,660
36,036
74,750
38,430
40,358
-
90,358
76,760
-
19,436
12,220
-
1,433
3,149
-
7,564
8,673
-
257,881
177,196
74,750
12,245
3,873
7,475
233,974
167,577
67,272
10,922
7,213
-
257,141
178,663
74,747
740
(1,467)
3
487,593
483,760
5,297
488,333
482,293
5,300		 Total
2024
£
110,786
40,358
76,760
12,220
3,149
8,673
251,946
11,348
234,849
7,213
253,410
(1,464)
489,057
487,593

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.

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

BALANCE SHEET

AS AT 31 MARCH 2025

Notes
Fixed assets
Tangible assets
13
Current assets
Cash at bank and in hand
Creditors: amounts falling due within
one year
15
Net current assets
Total assets less current liabilities
Provisions for liabilities
Net assets
Income funds
Restricted funds
Unrestricted funds
Designated funds
18
General unrestricted funds		 2025
£
£
5,908
618,547
(15,122)
603,425
609,333
(121,000)
488,333
5,299
400,000
83,034
483,034
488,333		 2024
£
£
7,181
611,923
(10,511)
601,412
608,593
(121,000)
487,593
5,300
400,000
82,293
482,293
487,593

The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 March 2025.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Trustees on 29 September 2025

Ms C Y W Yau

Trustee

Company registration number 02149909

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

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.

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

1.5 Resources expended

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

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 the statement of financial activities.

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.

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.

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.

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

1 Accounting policies

(Continued)

Derecognition of financial liabilities

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

1.9 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.

1.10 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.

1.11 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.

3 Donations and legacies

Unrestricted
Restricted
funds
funds
£
£
Grants
-
-
Luncheons
14,519
-
Workshops/ other
25,791
60,350
For the year ended 31 March 2024
36,036
74,750		 Total
2025
£
-
14,519
86,141		 Total
2024
£
23,500
14,477
72,809
110,786

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

4 Charitable activities

Fundraising
Donations
Membership fees		 2025
£
14,957
12,501
10,972
38,430		 2024
£
20,278
11,399
8,681
40,358

5 Other activities

5 Other activities
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Fundraising events 4,442 2,993
Member fees other 2,297 1,931
Letting and licensing arrangements 67,666 68,418
Other income 15,953 3,418
Other activities 90,358 76,760
6 Investments
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Interest receivable 19,436 12,220
7 Other income
Unrestricted Unrestricted
funds funds
2025 2024
£ £
Sales within Charitable activity 7,564 8,673

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

8 Raising funds

Unrestricted
Restricted
funds
funds
2025
2025
£
£
Fundraising and publicity
Workshops
6,210
6,035
6,210
6,035		 Total
Unrestricted
Restricted
funds
funds
2025
2024
2024
£
£
£
12,245
3,873
7,475
12,245
3,873
7,475		 Total
2024
£
11,348
11,348

9 Charitable activities

Charitable
Charitable
Expenditure Expenditure
2025 2024
£ £
Staff costs 183,724 182,171
Depreciation and impairment 1,442 1,748
Other activities - 1,000
Luncheons 10,612 13,874
Youth activities 267 914
196,045 199,707
Share of support costs (see note 10) 32,662 29,985
Share of governance costs (see note 10) 5,267 5,157
233,974 234,849
Analysis by fund
Unrestricted funds 179,659 167,577
Restricted funds 54,315 67,272
233,974 234,849

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

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
£
£
1,661
-
1,373
-
581
-
179
-
6,497
-
554
-
8,437
-
1,236
-
3,102
-
4,256
-
3,678
-
1,108
-
-
1,800
-
3,254
-
213
32,662
5,267
32,662
5,267		 2025Support costs Governance
costs
£
£
£
1,661
1,601
-
1,373
1,251
-
581
731
-
179
273
-
6,497
5,377
-
554
580
-
8,437
5,689
-
1,236
2,711
-
3,102
3,342
-
4,256
2,198
-
3,678
3,965
-
1,108
2,267
-
1,800
-
1,800
3,254
-
3,145
213
-
213
37,929
29,985
5,158
37,929
29,985
5,157		 2024
£
1,601
1,251
731
273
5,377
580
5,689
2,711
3,342
2,198
3,965
2,267
1,800
3,145
213
35,143
35,142

Governance costs includes payments to the independent examiner of £1,800 (2024- £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		 2025
Number
8
2025
£
172,882
9,487
3,016
185,385		 2024
Number
8
2024
£
172,125
8,778
2,869
183,772

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2025

13 Tangible fixed assets

Cost
At 1 April 2024
Additions
At 31 March 2025
Depreciation and impairment
At 1 April 2024
Depreciation charged in the year
At 31 March 2025
Carrying amount
At 31 March 2025
At 31 March 2024
Loans and overdrafts
Bank overdrafts
Pension
Payable within one year
Creditors: amounts falling due within one year
Notes
Bank loans
14
Other borrowings
Other taxation and social security
Trade creditors
Other creditors
Accruals and deferred income		 Fixtures and fittings
£
127,005
169
127,174
119,824
1,442
121,266
5,908
7,181
2025
2024
£
£
296
645
2,136
1,015
2,432
1,660
2,432
1,660
2025
2024
£
£
296
645
2,136
1,015
3,318
3,077
5,322
1,724
2,250
2,250
1,800
1,800
15,122
10,511		 Fixtures and fittings
£
127,005
169
127,174
119,824
1,442
121,266
5,908
7,181
2025
2024
£
£
296
645
2,136
1,015
2,432
1,660
2,432
1,660
2025
2024
£
£
296
645
2,136
1,015
3,318
3,077
5,322
1,724
2,250
2,250
1,800
1,800
15,122
10,511
127,174
119,824
1,442
121,266
5,908
7,181
2024
£
645
1,015
1,660
1,660
2024
£
645
1,015
3,077
1,724
2,250
1,800
10,511

14 Loans and overdrafts

15 Creditors: amounts falling due within one year

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

Provisions for liabilities
Movements on provisions:
£
At 1 April 2024 and 31 March 2025
71,000		 2025
£
71,000
50,000
121,000
£
50,000		 2024
£
71,000
50,000
121,000
Total
£
121,000

17 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 £3,016 (2024 - £2,869).

18 Designated funds

The income funds of the charity include the following designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes:

Movement Movement
in funds in funds
Balance at Incoming Balance at Incoming Balance at
1 April 2023 resources
1 April 2024		 resources 31 March
£ £ £ £ 2025
£
Property Purchase/Lease/Rent Reserve 400,000 - 400,000 - 400,000
400,000 - 400,000 - 400,000

Docusign Envelope ID: FB08FE32-C8F7-4A46-8DE8-26DFE62FF910

CHINESE COMMUNITY CENTRE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025

19 Analysis of net assets between funds Analysis of net assets between funds
Unrestricted Restricted Total Unrestricted Restricted Total
funds funds funds funds
2025 2025 2025 2024 2024 2024
£ £ £ £ £ £
Fund balances at 31
March 2025 are
represented by:
Tangible assets 5,908 - 5,908 7,181 - 7,181
Current assets/(liabilities) 598,126 5,299 603,425 596,112 5,300 601,412
Provisions (121,000) - (121,000) (121,000) - (121,000)
483,034 5,299 488,333 482,293 5,300 487,593

20 Related party transactions

There were no disclosable related party transactions during the year (2024 - none).