| Page | ||
|---|---|---|
| Charity information | ||
| Trustees' report |
||
| Independent auditors' |
report | |
| Statement offinancial | activities | |
| Balance sheet | ||
| Accounting policies |
10 | |
| Notes to the financial | statements | 12 |
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Income | Endowment | Total | Total | |||||
| Note | Fund f |
Fund f |
Funds f |
Fundsf | ||||
| INCOME AND ENDOWMENTS FROM: |
||||||||
| Donations Investment income and deposit interest Income from other trading activities - sale of donated Total Income and endowments |
paintings | 35,000 34,604 752,562 822,166 |
35,000 34,604 752,562 822,166 |
35,000 36,438 71,438 |
||||
| EXPENDITURE ON: | ||||||||
| Charitable activities |
||||||||
| Grants made during the year under (i) Interchange of lecturers (ii) Teaching ofChinese language |
Charter headings and literature in U.K. universities |
6,000 2,000 |
6,000 2,000 |
7,763 4,000 |
||||
| (iii) Intellectual and cultural Library and museum grants UK Studentship Travel grants Grants for Chinese to study Miscellaneous |
in the U.K. | 26,000 19,584 28,270 14,000 3,300 99,154 |
26,000 19,584 28,270 14,000 3,300 99,154 |
16,000 19,315 24,506 14,000 4,100 89,684 |
||||
| Support costs Secretarial and other administration Members travel Bank charges Auditors fees |
costs | 11,223 113 30 1,260 12,626 |
11,223 113 30 1,260 12,626 |
12,273 1,426 30 1,260 14,989 |
||||
| Total | 111,780 | 111,780 | 104,673 | |||||
| Net gains/(losses) on investments |
65,930 | 131,880 | 197,810 | (127,580) | ||||
| Net income/(expenditure) | 776,316 | 131,880 | 908,196 | (160,815) | ||||
| Transfers between funds |
||||||||
| Net movement in funds |
776,316 | 131,880 | 908,196 | (160,815) | ||||
| RECONCILIATION OF FUNDS |
||||||||
| Total funds brought forward | 11 | 11,743 | 844,725 | 856,468 | 1,017,283 | |||
| Total funds carried forward | 11 | 788,059 | 976,605 | 1,764,664 | 856,468 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Note | |||||
| FIXEDASSETS Investments |
1,712,535 | 844,725 | |||
| CURRENT ASSETS Debtors Cash at hand and in bank Total current assets |
3,537 67,352 70,889 |
311 30 192 30,503 |
|||
| CURRENT LIABILITIES Creditors: amounts falling due within one year |
7 | 18,760 | 18,760 | ||
| Net current assets/(liabilities) | 52,129 | 11,743 | |||
| Net assets/(liabilities) | 1,764,664 | 856,468 | |||
| THE FUNDS OF THE CHARITY Endowment |
976,605 788,058 |
844,725 11743 |
|||
| Income Total charity funds |
1,764,664 | 856,468 |
| 1.Donations and legacies |
1.Donations and legacies |
2021 | ||||||
|---|---|---|---|---|---|---|---|---|
| Income | Endowment | Total | ||||||
| Fund | Fundf | Funds K |
||||||
| Donation -Sino-British | Fellowship | Trust | 35,000 35,000 |
35,000 35,000 |
||||
| 2020 | ||||||||
| Income | Endowment | Total | ||||||
| Fund | Fund | Funds | ||||||
| F. | R | R | ||||||
| Donation -Sino-British | Fellowship | Trust | 35,000 35,000 |
35,000 35,000 |
||||
| 2.Income from Investments | 2021 | |||||||
| Income | Endowment | Total | ||||||
| Fund F. |
Fund F. |
Fundsf | ||||||
| Investment income |
34,604 34,604 |
34,604 34,6tl4 |
||||||
| 2020 | ||||||||
| Income | Endowment | Total | ||||||
| Fund R |
Fundf | Funds | ||||||
| Investment income |
36,438 36,438 |
36,438 36,438 |
||||||
| 3.Charitable activities |
2021 | |||||||
| Income | Endowment | Total | ||||||
| Fund | Fund | Funds | ||||||
| R | R | R | ||||||
| Grants to individuals: Interchange oflecturers |
6,000 | 6,000 | ||||||
| Intellectual and cultural Travel grants |
28,270 | 28,270 | ||||||
| Grants toinstitutions: Teaching of Chinese language |
and literature | in U.K. universities | 2,000 | 2,000 | ||||
| Intellectual and cultural Library and museum grants Visiting &Research Sch Grants for Chinese to study Miscellaneous |
- The China Library Group in the U.K. -Great Britain China Educational |
Trust | 26,000 19,584 14,000 3,300 99,154 |
26,000 19,584 14,0IIO 3,300 99,154 |
| 3.Charitable activities |
(continued) | (continued) | Income | Endowment | 2020 Total |
|||
|---|---|---|---|---|---|---|---|---|
| Fund | Fund | Funds | ||||||
| F. | E | f | ||||||
| Grants toindividuals: Interchange oflecturers |
7,763 | 7,763 | ||||||
| Intellectual and cultural Travel grants |
24,506 | 24,506 | ||||||
| Grants toinstitutions: Teaching of Chinese language |
and | literature | in U.K. universities | 4,000 | 4,000 | |||
| Intqllectual and cultural Library and museum grants grants for Chinese to study Miscellaneous UCCL Studentship |
- The in the |
China Library Group U.K. -Great Britain China Educational |
Trust | 16,000 14,000 4,100 19,315 |
16,000 14,000 4,100 19,315 |
|||
| 89,684 | 89,684 | |||||||
| 4.Support costs | 2021 | |||||||
| Income | Endowment | Total | ||||||
| Fund E |
Fundf | Fundsf | ||||||
| Secretarial and other |
administration | costs | 11,223 113 |
11,223 113 |
||||
| Members travel |
30 | 30 | ||||||
| Bank charges Auditors fees |
1,260 12,626 |
1,260 12,626 |
||||||
| ' | ||||||||
| 2020 | ||||||||
| Income | Endowment | Total | ||||||
| Fund | Fund | Funds | ||||||
| f | R | R | ||||||
| Secretarial and other Members travel |
administration | costs | 12,273 1,426 30 |
12,273 1,426 30 |
||||
| Bank charges Auditors fees |
1,260 14,989 |
1,260 14,989 |
||||||
| 5. Auditors' remuneration |
2021 | |||||||
| Income | Endowment | Total | ||||||
| Fund K |
Fund | Fundsf | ||||||
| Audit fees | 1,260 1,260 |
1,260 1,260 |
| 5.Auditors' | remuneration (continued) |
remuneration (continued) |
remuneration (continued) |
2020 | ||||
|---|---|---|---|---|---|---|---|---|
| Income | Endowment | Total | ||||||
| Fund | Fund | Funds | ||||||
| R | R | E | ||||||
| Audit fees | 1,260 1,260 |
1,260 1,260 |
||||||
| 6.Investments | 2021 | |||||||
| Income | Endowment | Total | ||||||
| Fund | Fund | Funds | ||||||
| E | F. | |||||||
| Market value brought Cost ofinvestments |
forward purchased |
at 1 July 2020 | 670,000 | 844,725 | 844,725 670,000 |
|||
| Disposals at carrying value Gains/(losses) on investments Market value carried forward at 30June |
2021 | 65,930 735,930 |
131,880 976,605 |
197,810 1,712,535 |
||||
| Hiqtoric cost | at 30June 2021 | 870,000 | 340,748 | 1,010,748 | ||||
| Gains/(losses) on investments Unrealised |
65,930 | 131,880 | 197,810 | |||||
| Realised on | disposal | offixed | asset investments | 65,930 | 131,880 | 197,810 | ||
| The investments above ate analysed as Other investments -Common investment |
follows: funds |
735,930 | 976,605 | 1,712,535 | ||||
| 7.Creditors | 2021 | 2020 | ||||||
| f. | ||||||||
| Accruals Deferred Income |
1,260 17,500 18,760 |
1,260 17,500 18,760 |
||||||
| 8.Deferred | Income | Brought | Released | Deferred | Can1ed | |||
| forward | In year | in year | forward | |||||
| F. | E | F. | R | |||||
| Sino-British | Fellowship Trust |
2021 | 17,500 17,500 |
~17,500 ~17500 |
17,500 1,7,500 |
17,500 17,500 |
| 11.Reconciliation |
ofnet moveme | nt In funds |
|||||
|---|---|---|---|---|---|---|---|
| Year ended 30 June 2021 | |||||||
| Total funds brought forward f |
Total Incoming resources f |
Total resources expended f |
Gains/ (losses) on Investments f |
Transfers between fundsf |
Total funds carried forward f |
||
| Endowment funds Endowment fund Total endowment |
funds | 844,725 844,725 |
131,880 131,880 |
976,605 976,605 |
|||
| Unrestricted funds General funds Total unrestricted |
funds | 11,743 11,743 |
822,186 822,166 |
~111,780 ~111,780 |
65,930 65,930 |
788,059 788,059 |
|
| Total funds | 85B,468 | 822,166 | (111,780) | 197,810 | 1,764,684 |
| 11.Reconciliation | ofnet movem | ent In funds (continued |
) | ||||
|---|---|---|---|---|---|---|---|
| Year ended | 30June 2020 | ||||||
| Total funds | Total | Total | Gains/ | Transfers | Total funds | ||
| brought | Incoming | resources | (losses) on | between | carried | ||
| forward | resources | expended | investments | funds | forward | ||
| f | R | R | R | R | |||
| Endowmentfunds Endowment fund Total endowment |
funds | 1,002,305 1,002,305 |
~127,5807 ~127,580 |
~30,000 ~30,ODD |
844,725 844,725 |
||
| Unrestricted funds general funds Total unrestricted |
funds | 14,978 14,978 |
71,438 71,438 |
~104,673 ~104673, |
30,000 30,000 |
11,743 11,743 |
|
| Total funds | 1,017,283 | 71,438 | ~104,673 | ~(127,580 | 856,468 |
| Thecarrying am |
ounts ofthe |
charity's fin |
ancial i |
nstruments | are as follows: | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||||
| R | R | |||||||||
| Finencia/ assets | ||||||||||
| Measured at fair Fixed asset |
value through net income/(expenditure): investments |
1,712,535 1,712,535 |
844,725 844,725 |
|||||||
| The income, expense, net gains and net |
losses | attributable | to the charity's | financial | instruments | are summarised | as follows: 2021 |
2020 | ||
| K | ||||||||||
| income and expense | ||||||||||
| Financial assets Investment |
measured income |
at fair value | through | net income/(expenditure) | 34,604 | 36,438 | ||||
| 34,604 | 36,438 | |||||||||
| Net gains and losses (including changes |
in fe/r | va/ue) | ||||||||
| Financial assets | measured | at fair value | through | net income/(expenditure) | ||||||
| Unrealised gains/(losses) on investments Realised gains/(losses) on investments |
197,810 197810 |
(157,562) 29,982 ~12,7,5PO |
| NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | NOTES TO THE FINANCIAL STATEMENTS | ||||
|---|---|---|---|---|---|---|---|
| 13.Comparative Statement ofFinancial Actlvites |
2020 | ||||||
| Income | Endowment | Total | |||||
| Fund | Fund | Funds | |||||
| Note | F. | R | |||||
| INCOME AND ENDOWMENTS FROM: |
|||||||
| Donation -Sino-British Fellowship Trust Investment income and deposit interest |
35,000 36,438 |
35,000 36,438 |
|||||
| Total Income and endowments | 71,438 | 71,438 | |||||
| EXPENDITURE ON: | |||||||
| Charitable activities |
|||||||
| Grants made during the year under (i) Interchange oflecturers |
Charter headings | 7,763 | 7,763 | ||||
| (ii) Hospitality to Chinese students |
in the U.K. | ||||||
| (iii) Orientation for Chinese students (iv) Teaching ofChinese language |
in the U.K. and literature |
in U.K. universities | 4,000 | 4,000 | |||
| (v) Intellectual and cultural Library and museum grants |
18,000 | 16,000 | |||||
| Publication grants Travel grants Grants for Chinese to study Miscellaneous UCCL Studentship |
in the U.K. | 24,506 14,000 4,100 19,315 89,684 |
24,506 14,000 4,100 19,315 89,684 |
||||
| Support costs Secretarial and other administration Members travel Bank charges Auditors fees |
costs | 12,273 1,426 30 1,260 14,989 |
12,273 1,426 30 1,260 14,989 |
||||
| Total | 104,673 | 104,673 | |||||
| Net gains/(losses) on investments |
(127,580) | (127,580) | |||||
| Net Income/(expenditure) | (33,235) | (127,580) | (160,815) | ||||
| Transfers between funds |
30,000 | (30,000) | |||||
| Net movement In funds |
(3,235) | (157,580) | (160,815) | ||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward | 14,978 | 1,002,305 | 1,017,283 | ||||
| Total funds carried forward | 11,743 | 844,725 | 856,468 |