2023-06-30-accounts

THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON ANNUAL REPORT 2022/2023

Registered Charity No 314133

THE

UNIVERSITIES’

CHINA COMMITTEE

IN

LONDON

ANNUAL REPORT 2022/23

List of Members……………………...…….............2-4 Report of the Executive Council…………………...5-6 Grants made in 2022/2023…………………............7-11 Financial Report……………………………............12 Accounts……………………………………............13-14 Chinese Studies in British Universities…………….15 A selection of post-project reports…………............16-29

Swire House 59 Buckingham Gate London SW1E 6AJ Telephone [phone]

Email: [e-mail] Website: www.universitiesccl.org.uk

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THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Representative of The Secretary of State for Foreign Affairs O’Neill, Ms G

Representative of Sino-British Fellowship Trust Ely, Mrs A E

Elected Members as at 1[st] November 2023

Altehenger, Dr J

Ash, Professor R F Barrett, Professor T H Bickers, Professor R Boecking, Dr F Bramall, Professor C Brazelton, Dr M Chau, Dr A Dauncey, Professor S Dodson, Professor E Dryburgh, Professor M Ferlanti, Dr F Fielder, Dr C Gentz, Professor J Gentz, Professor N Gerritsen, Professor A Goodburn, Dr C Hammond, Dr D

Harrison, Professor H Hildebrandt, Dr T Hillenbrand, Dr M Hird, Dr D Hook, Professor B G Huang, Dr X Hubbard, Professor R Johnson, Dr T R Kan, Mr S Leow, Dr R Li, Dr R Lincoln, Dr T Liu, Professor J Mitter, Professor R Moffett, Mr J Moore, Dr A Munro, Dr N Murphy, Professor R

Pattinson, Dr D Pringle, Dr T Standen, Professor N Starr, Mr D F Sterckx, Professor R Sunuodula, Dr M Taylor, Professor J Tsang, Professor S Topgyal, Dr T van de Ven, Professor H Wang, Dr Y Wielander, Professor G Zhang, Dr Z Zheng, Professor B Zheng, Professor Y

Representing Great Britain China Centre

Borge MacLeod, Ms M

Nominated Members

by the Association of Commonwealth Universities Newman, Dr J

by The British Library

Chiesura, Ms S and Doumy, Ms M Harrison, Mrs E and Hsieh, Ms H-L

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EX OFFICIO MEMBERS as at 1[st] November 2023

University Aberdeen Aston Bath Belfast Birmingham Bristol Brunel Cambridge City Durham East Anglia Edinburgh Essex Exeter Glasgow Heriot-Watt Hull Keele Kent at Canterbury Lancaster Leeds Leicester Liverpool London Loughborough Manchester Newcastle Nottingham Open Oxford Reading Regent’s University London Sheffield Southampton St Andrews Stirling Strathclyde Surrey Sussex Ulster Wales, Trinity Saint David Warwick Westminster York

Vice-Chancellor or Principal Professor A Speight Professor A Subic Professor I White Professor I Greer Professor Adam Tickell Professor E Welch Professor A Jones

Dr S Robinson

Professor K O’Brien Professor D Maguire Professor P Mathieson Professor A Forster Professor L Roberts Professor Sir Anton Muscatelli Professor R Williams Professor D Petley Professor T McMillan Professor K Cox Professor S Guy Professor H-S Yu Professor N Canagarajah

Professor W Thomson Professor N Jennings Professor Dame Nancy Rothwell Professor C Day Professor S West Professor T Blackman Professor I Tracey Professor R Van de Noort Professor G Smith Professor K Lamberts Professor M Smith Professor Dame Sally Mapstone Professor L Zhuang Professor Sir James McDonald Professor M Lu Professor S Roseneil Professor P Bartholomew Professor E Evans Professor S Croft Professor A Hughes Professor C Jeffery

Representative Dr H Battu Mr M Dean

Mr G Brown Professor J Frampton

Professor H Zhao Professor R Sterckx Dr D Tawakkul Mr D F Starr Professor T Davies Professor N Gentz*

Ms R Jones Professor W Cushley Mr J Philippi Dr N Mithen Professor M Ormerod Dr A Manning

Ms T Li Professor A Hollander

Mr R Cotton Dr J Smith Finley Dr J Taylor Professor G Mohan Professor R Mitter Dr D Li Dr Y Yu Dr M Dryburgh* Professor S Padmadas Professor G B Lee

Mr P Degg

Dr T Jansen Professor A Gerritsen Professor G Wielander Mr L Cook

• also an elected member

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EXECUTIVE COUNCIL as at 1[st] November 2023

Professor Gerda Wielander November 2021 In the Chair Dr Toby Lincoln Co-opted Vice Chair and Convenor of Experts’ Committee

Professor Tim Barrett Co-opted Dr Toby Lincoln Co-opted Mr Charles Collins Hon Treasurer (Co-opted) Professor Richard Hubbard November 2020 Dr David Pattinson November 2021 Professor Naomi Standen November 2021 Professor Gerda Wielander November 2021 Dr Derek Hird November 2022 Dr Xuelei Huang November 2022 Dr Tsering Topgyal November 2022 Dr Zhong Zhang November 2022

Representatives to the Executive Council

Mrs Anne Ely, Sino-British Fellowship Trust

Ms Merethe Borge MacLeod, Great Britain-China Educational Trust Ms Gemma O’Neill, Foreign, Commonwealth and Development Office

Experts’ Committee

Dr Toby Lincoln (Convenor) Dr Caroline Fielder Dr David Pattinson

Finance Committee

Professor Gerda Wielander (In the Chair) Dr Toby Lincoln (Vice Chair)

Mr Charles Collins (Hon Treasurer – Co-opted)

UCCL Representative on the GBCET Committee

Mr John Moffett

Executive Director

Ms Lindsay Jones Swire House, 59 Buckingham Gate, London SW1E 6AJ

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REPORT OF THE EXECUTIVE COUNCIL FOR 2022/23

2023 started on a promising note with the complete lifting of all Covid restrictions in the People’s Republic of China. Finally, it seemed business would return to “normal” for academics and researchers. The positive news is reflected in a significant increase in travel grants we approved this financial year which rose from £28,245 in 2021/22 to £43,175 in 2022/23, with our total funding grants increasing to £105,460 (which is up about £20,000 from last year). The rise is partly the result of our PhD bursaries, ringfenced to Home students, which saw a very strong round of applications this year.

It will be interesting to hear how easy things were on the ground, especially for those who require visas to travel to China. Anecdotal accounts from academics who were able to return to China in 2023 suggest that things are not quite back to where they used to be pre-pandemic and that negotiating daily life has become very difficult when not fully integrated into Chinese systems like WeChat or Alipay, all of which is difficult when not having a long-term presence or family links in China. We will need to see what the implications are for the practicalities of short-term research in China by foreign nationals if these developments of neijuan (involution) continue.

As those who have been working in the field for a long time know, when things become difficult, it is necessary to find alternative ways of carrying out research. One emerging way is to carry out research by proxy, that is by relying on a research associate or colleague in China who does not need to go through the hurdles of visa applications and acquiring institutional affiliations in China. This, of course, has ethical implications and needs to be handled very carefully. When working on sensitive topics, researchers sometimes retreated to archives in order not to implicate individuals in ethnographic work. Archival work and access to archives has, of course, also become difficult in recent years. At the very least, it is very unpredictable what will be accessible and hence makes research planning a hard task. Finally, long before the pandemic, many of us relied on the unprecedented online access to Chinese language materials academic databases like CKNI provided. However, we are now faced with considerable difficulties on this front, too. Access to many e-journals has been suspended as CNKI has been under investigation by the Chinese authorities leading to the withdrawal of certain journals until the investigation is finished. Things are further complicated by the introduction of a new data law in China which severely impacts access to many journals. UCCL has been funding the China Library Group (CLG: a consortium of twenty British universities) for many years to ensure access to Chinese databases for participating university libraries. This has been handled through a company called Eastview. We are currently awaiting an update on the situation from Eastview as to the availability of the databases, which will have a potential impact on CLG funding going forward, but, more widely, is a further key indicator of the tightening of spaces for research which was already alluded to during last year’s report.

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The majority of our applications for travel grants (and therefore awards) are now from PhD students who are PRC nationals. This forms a new phase in our history and is, of course, the positive result of educational mobility from China to the UK. On the other hand, it may also be a reflection of the decline of advanced Chinese language skills in Home students which would be an unsurprising but no less concerning result of the decline of Chinese Studies (as named degree) courses across the UK. One point lamented during the Funders’ Meeting UCCL convened jointly with BACS last year was the low value the UK government affords Chinese Studies. However, we may also need to apply a critical perspective closer to home. How many members of Executive Council would identify as working in Chinese Studies rather than a different disciplinary designation, let alone actually work in a department of Chinese Studies? Pulling together the data for the “state of the field report” UCCL annually commissions is increasingly turning into detective work. The small number of responses reflects the fact that Chinese Studies departments are rapidly disappearing as the study of China – not the same as Chinese Studies – now takes place under many different disciplinary headings. The study of the Chinese language - key to the UCCL’s purpose - often takes place either as a small part of a degree programme or in an elective space through courses provided by language centres rather than academic departments. The absence of data against many institutions on the report does not mean they do not have any Chinese provision; it means there is no longer one person who has overview of the requested information.

All these factors combined may need to lead to discussions as to how, during the current phase, we can continue to uphold the terms of our Charter which it may be useful to refresh in our minds. The purpose of UCCL as per our Charter is “to (1) arrange for such Chinese individuals to visit and lecture in the United Kingdom; and for such British individuals to visit and lecture in China as may seem to the Committee suitable; (2) to assist Chinese students coming to the United Kingdom to find hospitality and suitable living accommodation; (3) to advise Chinese students as to their course of studies in the United Kingdom and as to other matters connected therewith; (4) to encourage and facilitate the teaching of the Chinese language and literature at the Universities of the United Kingdom by the endowment for those purposes of professorships and lectureships, or otherwise; (5) generally to encourage closer intellectual co-operation and to promote cultural relations between China and the United Kingdom.”

We have been flexible in the interpretation of the Charter in relation to nationality of researchers, and we have, at times, approved travel grants to destinations outside China, to access important archives, for example, where the project made this necessary. We will need to continue this flexible approach. It may also be worthwhile to discuss how UCCL can “encourage and facilitate” the teaching of the Chinese language and literature in our current context.

UCCL is fast approaching its centenary, so it is not before time to have our own web

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presence! We are proud to report that the dedicated UCCL website www.universitiesccl.org.uk is now live and all updated application forms should be downloaded from here rather than any previous websites kind enough to host us. We also draw attention to our updated requirements in relation to ethics clearance. Many thanks to Fiona Duong’s hard work on this.

As I approach the end of my first year as Chair, I wish to express immense thanks to the members of the Executive Council and all those who have given their time to evaluate applications. Special thanks to Professor Tim Barrett for his stewardship of the PhD bursaries. The most enormous thanks, however, are extended to Mandi Sturrock, our Treasurer since 2006. Not only did Mandi keep a steady hand over the UCCL accounts during her time, but she was also instrumental in ensuring our future financial health through the sale of a selection of Chinese paintings left on permanent loan to the University of Leeds until 2020. We are immensely grateful to her sterling, dedicated service. As incoming Chair of UCCL I was particularly grateful to be able to rely on Mandi’s expertise and induction. Mandi has now decided it was time to move onto new things, yet unfailing in her service to UCCL, she also kindly introduced our new Treasurer, Mr Charles Collins. Charles comes with a wealth of experience working in and with China and the Chinese language. We are grateful that he agreed to take on this important role for UCCL and look forward to working with him and the wider team.

October 2023

Gerda Wielander, Chair

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GRANTS MADE UNDER CHARTER PURPOSES DURING 2022/23

Notes:	Those starred were funded by the UCCL thanks to the generosity of the	Those starred were funded by the UCCL thanks to the generosity of the
	Sino-British Fellowship Trust.
Charter Purpose
(i)	Grants to enable the interchange of lecturers and
	academic visitors between the UK and China
	British Association for Chinese StudiesThe BACS Annual
	Conference in 2023 was held at King’s College London.	£3,400.00
	*Dr Arthur HarrisA Research Fellow of Needham
	Institute. His research focused on ‘Health, Illness and the
	Body in Early Chinese and Ancient Greek Medicine’.	£1,744.80
		£5,144.80
(ii)	Hospitality to Chinese Students and Scholars in the UK	0
(iii)	Orientation for Chinese Studies in this country	0
(iv)	Teaching of Chinese Language and Literature in this
	country
	*British Chinese Language Teaching SocietyThe UCCL
	provided support for the BCLTS Annual Conference.	£5,000.00
		£5,000.00
(v)	Intellectual and Cultural Relations with China
(a)	Grants for Libraries and Museums
	The China Library GroupThe grant from the UCCL to the
	China Library Group was increased by £3,000 this year,
	reflecting the ongoing challenges of access.	£24,000.00
		£24,000.00
(b)	Publication Grants	0
(c)	Travel Grants

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*Ms Aikedan Ainiwaer, University of Oxford
Is cohabiting a new reciprocity? Exploring a new option for
eldercare in urban China from a gender perspective —A case
study of the “Cohabiting Model” in local communities in
Beijing.	£2,500.00
*Dr Elena Barabantseva, University of Manchester
Dr Barabantseva was awarded a grant in November 2019, but
her fieldwork was delayed due to the pandemic.
Desiring a beautiful nation: A visual ethnography of the
annual international group wedding ceremony on the
Chinese-Russian border.	£2,000.00
*Mr Hao Chen, University of Glasgow
The main driving forces of China’s knowledge economy
transition.	£1,470.00
*Ms Sanna Eriksson, University of York
Motherhood as women’s citizenship in contemporary China.	£1,700.00
Ms Yat Ivi Fung, University of Oxford
People’s Daily and people’s rights: Human rights in the long
1950s in PRC.	£1,465.00
*Mr Haoshen He, Durham University
Lexical bundles in simultaneous interpreting: A linguistic and
cognition exploration on corpus, eye-tracking and
retrospective data.	£2,500.00
*Mr Yung-Hang Bruce Lai, King’s College London
Hong Kong comedies: comedic forms, cultural politics, and
transnational influences (the 1980s-1990s).	£636.00
*Mr Chao Lei, University of Leicester
Reconstruction of rural cultural spaces driven by tourism
development: A comparative study of three traditional
villages in Shanxi province of China.	£2,000.00
*Ms Anqi Li, University of Hong Kong
The rise and fall of Shanghai’s West Bund.	£2,000.00

*Mr Peilin Li, University of Leicester Mr Li was awarded a grant in June 2022, but his fieldwork was delayed due to the pandemic.

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The history of social organisations and their relationship to
the government in Tianjin in the first half of the twentieth
century.	£2,500.00
Ms Yidan Liu, University of Edinburgh
Translating visual cultures: Michael Boym’s natural
knowledge in the early modern encounter between China and
Europe.	£1,944.00
*Ms Ting Ruan, University of Bristol
Lighting work under the Chinese Maritime Customs: The
early globalisation of China.	£2,500.00
*Ms Mengyuan Tian, University of Edinburgh
How to understand the religion-state relationship shaped by
the changing socioeconomic politics of this socialist country
dominated by its official atheistic ideology.	£2,000.00
*Ms Le Tian, University of Bristol
‘Whom shall I trust?’: Commercial relationships in the Sino-
British tea trade in the early nineteenth century.	£2,000.00
*Ms Elizabeth Xin Wang, University of Leicester
The banking insolvency and resolution regime in China:
Principle-based and comparative perspective.	£1,910.00
*Ms Huiru Wang, University of Oxford
Bringing social change: lesbian, gay, bisexual, transgender,
queer plus (LGBTQ+) activism in China.	£1,950.00
Ms Katherine Wong, University of Oxford
Searching for a good old life in a digital China: Ordinary
ethics, care, and subjectivities in urban Hangzhou.	£2,000.00
*Ms Mengci Xiao, University College London
Reframing urban conservation via a lens of stakeholder
involvement in China: Cases of historic urban landscapes.	£2,000.00
*Ms Zihui Xie, University of Glasgow
The politics of China’s pension policy reform in government
and public institutions.	£1,600.00
*Ms Yuqi Xiong, University of Bristol
Culture, place and migration: The musical vitality of China's
Jewish communities.	£2,000.00

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Mr Zihao Zhang, University of Sussex* Gendering the global precariat in the gig economy: an ethnography of male platform food couriers in post-socialist China. Ms Xinrui Zhang, University of York From government-supported art projects to activist art in contemporary China, 1995–2014. Ms Xueni Zhang, Durham University Ms Zhang was awarded a grant in June 2022, but her fieldwork was delayed due to the pandemic. Investigating cross-linguistic co-activation in simultaneous interpreting and bilingual processing: A visual world eye- tracking study. (d) Miscellaneous Grants to the Great Britain-China Educational Trust For support in 2023 of Chinese students and scholars undertaking PhD courses in the UK. UCCL Completion Bursaries in Chinese Studies 2023 The UCCL initiated a new Bursarship programme dedicated to aiding Home Status PhD students of Chinese Studies in their final year. This was awarded to two students: Ms Hannah Bennett, SOAS Golf course culture in China: An exploration of gender, class, and social stratification. Mr Theo Westphal, University of Sheffield China’s evolving normative power in the Belt and Road era. Total of Grants made	£2,000.00 £2,000.00 £2,500.00
	£45,175.00 £14,000.00 £10,000.00 £5,000.00
	£29,000.00
	£108,319.80

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FINANCIAL REPORT 2022/23

UCCL relies on its investments to generate capital growth and income to support its activities. Its investments are managed by three fund managers: M&G, Blackrock and CCLA. We are pleased to report, in a difficult year, that the value of our investments has risen by £37,391. This was offset by the realisation of £50,000 to cover expenditure during the year.

Expenditure on charitable activities rose from £85,000 in 2022 to £108,000 in 2023, bringing us back into line with the pre-pandemic grants. This reflects a recovering level of activity in academic study. However, this is not the full picture because the possibility of some areas of study in China are now somewhat curtailed compared to earlier times.

2022 was the last year of support for the UCCL studentship. In 2023 we began our new project to support the writing up year of doctoral theses. The first grants have been awarded and we shall be keen to see that this new venture proves worthwhile.

Support costs rose during the year from £14,537 to £18,316. This reflected a change in our administrative arrangements from Robert Guy as Executive Director and Biddy Guy as administrator. We welcomed Lindsay Jones as our new Executive Director, ably supported by Fiona Duong as our new secretary/administrator.

We remain grateful to the Sino-British Fellowship Trust for their unfailing support in supplementing our funds each year.

In my last year as honorary treasurer I would like to thank all those who have made my job an easy task. I particularly wish to record my grateful thanks to Captain Robert Guy, with whom I worked closely for almost twenty years. It is with great pleasure that I hand over to a new treasurer, Charles Collins who, I am confident, will serve this wonderful organisation into the future.

October 2023

Madeleine Sturrock Hon. Treasurer

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STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30 JUNE 2023

Incoming resources Incoming resources from generated funds Donation – Sino-British Fellowship Trust Investment income and deposit interest Total incoming resources Resources expended Charitable activities Grants made during the year under Charter headings (i) Interchange of lecturers (ii) Teaching of Chinese language and literature in U.K. universities (iii) Intellectual and cultural Library and museum grants UK studentship Travel grants Grants for Chinese to study in the U.K. Miscellaneous Support Costs Secretarial and other administration costs Members travel Bank charges Audit fees Total Net income/(expenditure) Transfers between funds OTHER RECOGNISED GAINS/(LOSSES) Gains/(losses) on investments Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward Total funds carried forward	Income Fund £ 35,000 41,655 76,655 4,285 5,000 24,000 - 43,175 - 29,000 18,316 951 90 1,530 126,347 (49,692) - 44,519 (5,173) 738,862 733,689	Endowment Fund £ - - - - - - - - - - - - - - - - - (7,128) (7,128) 937,033 929,905	2023 Total Funds £ 35,000 41,655 76,655 4,285 5,000 24,000 - 43,175 - 29,000 18,316 951 90 1,530 126,347 (49,692) - 37,391 (12,301) 1,675,895 1,663,594	2022 Total Funds £ 35,000 37,387
				72,387
				5,000 4,000 - 21,000 8,449 28,245 14,000 4,270 14,537 1,540 70 1,620
				102,731
				(30,344) - (58,425)
				(88,769) 1,764,664
				1,675,895

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BALANCE SHEET AS AT 30 JUNE 2023

FIXED ASSETS Investments CURRENT ASSETS Debtors – Donations receivable Cash at hand and in bank Total current assets CURRENT LIABILITIES Creditors: amounts falling due within one year Net current assets/(liabilities) Net assets/(liabilities) THE FUNDS OF THE CHARITY Endowment Income Total charity funds	2023 £ - 70,968 70,968 48,875	£ 1,641,501 22,093 1,663,594 929,905 733,689 1,663,594	2022 £ - 40,914 40,914 19,129	£ 1,654,110 21,785
				1,675,895
				937,033 738,862
				1,675,895

M Sturrock Trustee and Treasurer October 2023

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----- Start of picture text -----
0 1 2 2
P/T PGR
0 3 2 46 24 10 39 40 7 2 1
F/T PGR
0 2 10
P/T Taught PG <5
2 23 3 26 40 13 48 2 36 18
F/T Taught PG <5
32 47 39 12 21 90 37 139 97 15
ALL NON CREDIT BEARING all yrs
20 9 8 15 69 15 28 15 22 27 7 50 26 18 4 103
ALL CREDIT BEARING Yr 1
0
P/T UG Joint H
10 41 15 86 52 15 25 42 49 7 1 53
F/T UG Joint H
0
P/T UG Single H
0 51 60 1 16 49 29 18
F/T UG Single H
1 1 2 4 5 5 4 2 1 1 7 2 1 1
P/T Staff 2022/23
1 1 4 9 3 6 8 2 12 3 27 20 3 1 8 2 13 4
F/T Staff 2022/23
1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1 1
Reply Received
University Name Aston Bangor Bath Birmingham Cambridge Central Lancashire Durham Heriot-Watt Hull King's College London London School of Economics Nottingham Oxford Queen Mary Regents St Andrews SOAS Southampton Strathclyde Trinity St David Warwick
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A SELECTION ON POST-PROJECT REPORTS

(Notes: The reports from individuals are reproduced verbatim.)

Ms Sanna ERIKSSON, University of York

Ms Eriksson was awarded a grant of £1,700 in November 2022 so that she could research the topic “Motherhood as women’s citizenship in contemporary China”.

I conducted PhD fieldwork mainly in Shanghai, China, but also briefly visited Beijing and Suzhou. Fieldwork consisted of interviews and observation of the socio-political and cultural environment where my participants lived. My main area of research is the conceptualisation and practice of motherhood in contemporary China after the end of the one-child policy. My research interviews were conducted with women who have been of childbearing age (25-35) since 2016, both mothers and childfree women. During fieldwork I conducted 22 interviews (16 in-person and 6 online due to participants’ health and work reasons) and set up further three interviews that I due to time constraints conducted after my return to the UK. Being able to conduct fieldwork in China was hugely beneficial for my research as it allowed me to observe the change that had taken place in China since I first lived there in 2004; spend time with participants outside of interviews thus allowing a deeper understanding of their circumstances and the state of and trends in Chinese society; spend time in and observe public spaces where middleclass mothers, children, and families congregate; and collect ‘unexpected data’ in the form of photographing propaganda posters relating to my research topic across the three cities.

Additionally, I met with my host from East China Normal University, and with a Shanghai Jiaotong University academic whose research relates to mine and with whom I hope to conduct future collaboration.

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Mr Hui HUANG, King’s College London

Mr Huang was awarded a grant of £2,000 in November 2019 so that he could research the topic “The online gig economy and the new generation of Chinese rural migrant workers”.

Thanks to the funding of UCCL grant, I did approximately one-year fieldwork through working as a platform food-delivery driver in Shanghai, China between 2019 and 2021. Despite the sudden disruption of pandemic, I collected substantial data regarding how Chinese digital platforms use algorithms to control and exploit migrant workers, what I term algorithmic management. And how the exploitative nature of algorithmic control in the platform economy brings about the hyper-precarious labour conditions of ruralto-urban migrant platform workers. I also observed how the new generation of Chinese migrant workers forge and sustain new forms of algorithmic resistance towards control in the platform economy. My findings have significant contributions. Empirically, my findings provide lived experiences of platform workers working and sustaining life through platform work, which have strong policy implications on how to regulate the platforms to improve the labour conditions of platform workers. Theoretically, my findings extend Marist-influenced labour process theory into the digital age, which demonstrate the digital workplace remains as a contested terrain, where digital labour and platform labour are in structural antagonisms relations.

Based on my research findings, I have got three articles published in highly-ranked peerreviewed journals. Article entitled, ‘Riders on the storm: Amplified platform precarity and the impact of COVID-19 on online food delivery drivers in China’ is published in the Journal of Contemporary China. The second article, ‘Algorithmic management in food-delivery platform economy in China.’ was published in New Technology, Work and Employment. The third article, ‘The food delivered is more valuable than my life’: Understanding the platform precarity of migrant food-delivery drivers in China’s digital economy.’ was published in the Journal of Contemporary Asia. I have listed UCCL as my sponsor in the acknowledgement in all my publications. I have submitted by final PhD thesis.

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Dr Geoffrey Kohe, University of Kent

Dr Kohe was awarded a grant of £2,000 in September 2020. The topic of his research was “Examining the value of physical activity in transnational migrant health, wellbeing and community building: A cross-cultural comparative study of expatriate Western migrants’ experiences in urban China.”

The initial project specifically aimed to investigate the roles of physical activity and sport among highly-skilled expat migrants resided in China’s metropolitan centres. The project was designed to add new insights on migrants’ short and long term experiences within a city environment, understand the mechanism of individual identity formation and community building, and the impact of State and urban conditions upon day-to-day lives and interactions. With the onset of the Covid-19 pandemic, the research assumed a heightened significance in providing valuable perspective on how a well-established cohort of migrants reacted, adjusted and effectively maintained important connections to their sport, physical activity and leisure, and , in doing so, their social, mental and physical health and well-being.

Unfortunately, due to the severe and ongoing travel restrictions to China, project adjustments were required. Namely, in lieu of travel to conduct fieldwork (observations and in-situ data collection), online interviews were utilised. Several strategically important individuals, however, were able to act as gatekeepers to add recruitment, and eventually 16 key individual from the most notable expat-sport and affiliated organisations were interviewed. These included leaders of the large rugby union, Australian Football League, soccer leagues in Shanghai, Beijing, Fujian, Guangzhou and Shenzhen, individual sport athletes, and expat associations (e.g. Kea NZ). While publications are forthcoming, key findings include:

• Formal expat sport associations in China remain vital mechanisms;

• Sport organisations offer far more than just a physical environment;

• Informal networks have provided important ways for sport and physical activity to continue;

• There are successful examples of entrepreneurial ex-pats who have established strong networks across China;

• Individual, as opposed to collective, pursuit of physical activity is often perceived as challenging;

• The notable exodus due to the pandemic has jeopardised the continuity of existing leagues and activities.

The UCCL grant enabled the successful data gathering, and full transcription of over 200 hours of interview material, and internal UK travel to facilitate project planning, data analysis and dissemination. Specifically, the grant has enabled me to gather a substantial data set that will provide significant leverage to support larger projects and funding grant applications in this area.

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Mr Bruce Yung-Hang LAI, King’s College London

Mr Lai was awarded a grant of £636 in February 2023. The title of his research was “Hong Kong comedies: comedic forms, cultural politics, and transnational influences (the 1980s-1990s)”.

The grant was utilised for the flight ticket, an access pass to the audio-visual materials in the Hong Kong Film Archive, and a library card at the University of Hong Kong.

I travelled to Hong Kong from January to May of this year to conduct archival research for my ongoing project on Hong Kong comedy films produced in the 1980s and 1990s. My research primarily took place at the Hong Kong Film Archive, the Education University of Hong Kong Library, and the Special Collections in the University of Hong Kong Main Library. My study focused on trade magazines, TV programs, books, and other materials about Hong Kong cinema. Specifically, I examined the sources of inspiration, transnational collaborations, promotional strategies, and reception of Hong Kong comedies. I discovered rare copies of film magazines such as Movie, City Entertainment, and Golden Movie News within these libraries and archives. Additionally, I found valuable records of TV programs like Electric Shadow, broadcasted by Radio and Television Hong Kong, within the Hong Kong Film Archive. These resources serve as invaluable assets for studying Hong Kong film history and the film industry, providing insights that cannot be acquired through textual analysis or online resources.

Based on the materials obtained during the research trip, I am currently working on my project about Hong Kong comedies and look forward to publishing them or presenting my findings in seminars or conferences.

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Ms Dan LI, London School of Economics and Political Science

Ms Li was awarded a grant of £2,000 in June 2020. The title of her research was “Shadow economy in an electronics market in Southern China’s Shenzhen City: Entrepreneurship, value chains and technology”.

This grant from the UCCL has substantially supported my more than 14 months of research travel and fieldwork in China from late 2020 to 2022. (I have postponed my research travel and experienced several interruptions during my stay in China due to the local restrictions of COVID-19, therefore the time of completion was delayed.)

I conducted ethnographic fieldwork in an electronics market in the city of Shenzhen, China to explore how migrant, grassroot entrepreneurs utilised digital technologies, such as digital media and financial platforms, to operate shadow economies, including smuggling of iPhones, making counterfeit goods, and ‘huangniu’ (arbitrage on digital credit). As travel was largely restricted, I could only spend most of my time staying in the market, observing the shadow and informal business activities and interacting with migrant entrepreneurs. I have also adopted digital methods to observe and communicate with my interlocutors who were active on digital platforms to operate the business. I hope my research would contribute to the scholarship of the Anthropology of China, the general political economy of China, and digital anthropology.

The research fieldwork is an indispensable part of my dissertation research project in pursuit of a PhD degree in Anthropology at LSE. With generous support from UCCL, I am very grateful that I have completed my fieldwork and is now back in London to write up my dissertation. During the writing-up, I also expect to achieve the prospective gain by presenting my research in academic workshops, seminars, and conferences and producing publications.

20

Mr Yannan LI, Lancaster University

Mr Li was awarded a grant of £2,500 in February 2022. His research looked at “The impact of China’s nationalism on ethnic minorities after 1990 – case studies on Mongolians in Inner Mongolia”.

The funding was mainly used for fieldwork in China for my PhD thesis. My research focuses on the cultural and ethnic identities of urban Mongolians in Inner Mongolia after 1990. Specifically, it is about how Chinese urban Mongolians preserve and practice their cultural and ethnic identities against the background of rapid urbanisation and modernisation, as well as the prevalence of nationalist discourses in contemporary China. In my fieldwork, I visited nine Chinese cities and four counties (banners). Eight of them are located in the Inner Mongolia Autonomous Region, including five eastern cities or banners, Tongliao, Chifeng, Kulun Banner, Balin Left Banner, and Balin Right Banner, as well as three western cities or banners, Hohhot, Ordos City, and Yijinholo Banner. In addition, I visited five cities in Han Chinese regions, Beijing, Shenzhen, Chengde, Xiamen, and Kunming. 72 interviewees participated in this research, and the forms of participation included semi-structured and unstructured interviews. The 52 interviewees were Mongolian, and the other 20 were Han Chinese who had lived in Inner Mongolia for over 20 years. The participants' occupations include teachers, academics, corporate employees, government servants, staff of public interest organisations, artists, freelancers, students, media workers, etc. UCCL's travel grants allowed me the opportunity to complete this investigation, in which I found that the identity strategies of today's Chinese Mongolians are increasingly oriented towards individual or family-based self-shaping. In constructing and maintaining ethnic identity, family education and subtle cultivation have become very crucial part of the Mongolian identity strategies.

21

Ms Ellan LINCOLN-HYDE, SOAS

Ms Lincoln-Hyde was awarded a grant of £2,000 in June 2020. The title of her research was “‘Westernising’ music in China: Challenging existing narratives through the qualitative, archival, and ethnographic study of the formation of musicians’ collective memory”.

The aim of this research my PhD was to complicate and question the prevailing narrative of the history of Western classical music in China by highlighting the dissemination of this art form across China and providing tools for future researchers to uncover excluded voices in Chinese cultural history. The research involved historical archival work and ethnographic interviews with Chinese people who self-identify as Chinese and have experiences in Western classical music. Due to COVID-19 restrictions, my research had to be conducted entirely outside of China and here the UCCL grant was invaluable. The UCCL assistance allowed me to complete the necessary fieldwork and overcome obstacles such as dialect translation difficulties, finding interviewees during a global pandemic, and ensuring safety protocols for interviewees could be met. Thanks to UCCL my PhD’s methods of historical ethnomusicological analysis and use of diverse theories from gender, feminist, queer, decolonised, and anti-racist critiques has significantly contributed to the fields of history, musicology, anthropology, and China studies.

22

Ms Yidan LIU, University of Edinburgh

Ms Liu was awarded a grant of £1,944 in February 2023. The title of her research was “Translating visual cultures: Michael Boym’s natural knowledge in the early modern encounter between China and Europe”.

Supported by UCCL, I had an enriching fieldtrip in Rome and Paris, where I conducted archival research. At the Jesuits archive in Paris, I discovered significant visual evidence from the primary source Rerum Sinensium Compendiosa Descriptio . This material, alongside Chinese handwriting from the source, contributes key insights into early modern cross-cultural communication.

In Rome, I focused on the Roman Jesuit Archive and the Vatican Library. At the Roman Jesuit Archive, I discovered previously unpublished primary sources detailing Boym’s Chinese collaborators, such as letters from Chinese officials, supplication letters from Chinese literati, and reproductions of the Southern Ming Empress Dowager's Decree. These original sources, un-digitised and stored in wooden boxes, were analysed visually and materially.

At the Vatican Library, I scrutinised Boym and his Chinese collaborators' Magnum Cathay with a magnifier. The atlas, a multi-hand, multi-material collage, revealed its production mechanism through immersive engagement. I categorised and grouped illustrations and Chinese characters, making annotations about the tools and methods used in production.

Without UCCL's funding, I would not have had this experience, enabling me to deeply engage with this incredible atlas. This research into the atlas provides new methodologies for understanding early modern mapmaking collaboration processes. It illuminates previously overlooked contributors and emphasises the collaboration between early modern Europeans and Chinese in creating a shared culture, despite their distinct contexts. This promotes understanding of such a complex and significant project.

23

Mr Georges MORAITIS, Queen’s University Belfast

Mr Moraitis was awarded a unique grant of £3,000 in February 2022, to support him towards the costs of his thesis pending year.

I would like to thank once again UCCL for supporting my PhD studies. Between March 2022 (when I received your financial support) and January 2023 I was able to focus on finishing my PhD project. During this time frame, I mostly stayed in Belfast but also took a trip to Taipei, where I conducted archival research in Academia Sinica and the National Taiwan Museum.

My thesis investigates the role of Sir Robert Hart in China’s early engagement with Western international law, covering the period from Hart’s earliest days as Inspector General of the foreign-dominated Chinese Imperial Maritime Customs (CIMC) to his final years in China (1863-1908). This thesis argues that Hart’s approach to China’s early engagement with Western international law concepts contained elements of both pragmatism and paternalism. The pragmatic aspects of Hart's approach arose in response to the ambivalence that both China’s Qing imperial court and Western nation states showed regarding the effectiveness of applying Western international law in Sinoforeign relations. The paternalistic aspects stemmed from Hart’s perception that his mission in China was to instruct the Qing on how to use Western methods and structures, which Hart saw as the only way to elevate the Qing empire’s status in the Western-dominated global arena of the late nineteenth and early twentieth centuries.

24

Ms Ting RUAN, University of Bristol

Ms Ruan was awarded a grant of £2,500 in November 2022. Her research was titled “Lighting work under the Chinese Maritime Customs: The early globalisation of China”.

By virtue of UCCL’s grant, I undertook a six-month archival trip in China to collect primary sources for my doctoral thesis, which is about China’s coastal lighting construction during the late nineteenth and early twentieth centuries. During this time, I visited a number of archives in Tianjin, Yantai, Qingdao, and Guangzhou. I gathered valuable materials about Chinese Maritime Customs Services, which was the major initiator and implementer of this lighting project. These documents include the official reports, work instructions, and correspondence, both within and outside the Customs, at different levels. These materials have substantially improved my understanding of the construction and operation of lighthouses along the Chinese coast in many ways, including the decision-making process for lighthouse construction, the routine maintenance of light stations, the recruitment and training of lights staff, the everyday life of lightkeepers, and the interaction between foreign lights staff and Chinese local communities. All these will greatly enrich the details of my thesis and provide an important basis for the analysis of a number of key themes, including China’s encounters with the West, the social changes that China underwent during the period in question, the global movement of people, the British-dominated Chinese Customs’ vision of China’s modernisation and their perceptions of the position of Britain in China in a shifting international context.

Overall, it was a very rewarding field trip, highly valuable for my PhD thesis and future research. I would like to express my gratitude for the financial support from UCCL.

25

Ms Chi ZHANG, University of St Andrews

Ms Zhang was awarded a grant of £2,000 in September 2020. Her research was titled “ Challenges and Conditions for Counter-Terrorism Cooperation with China ”.

Despite COVID-19-related delays, my 2023 fieldwork in China has yielded substantial outcomes that form the basis for future research. Between June 12th and August 21st, 2023, I conducted fieldwork across Shanghai, Beijing, Taiyuan, and Ningbo. During this period, I engaged with esteemed scholars and professionals while also conducting insightful interviews with diverse individuals.

Meetings and Interviews:

1. Shanghai:

• Met Head of the Department of International Studies at Xi'an JiaotongLiverpool University.

2. Beijing:

• Peking University: o Engaged with Professor in Demographics. o Met a Professor in Urban Governance (currently visiting Harvard).

• Tsinghua:

• Conferred with a Professor at Hong Kong University of Science and Technology (currently visiting Tsinghua).

• Introduced to scholars focusing on Xinjiang perspectives.

3. Ningbo:

• Interacted with a police officer from Suzhou Police's counter-terrorism office.

Additionally, around ten Xinjiang individuals, residing in Shanxi, Shanghai, Beijing, and Ningbo, contributed through interviews. These interviews are vital for gaining firsthand insights into China's counter-terrorism strategies and ethnic relations.

Networking and Future Steps:

The fieldwork yielded valuable networking prospects and shaped the trajectory of my research journey:

1. August 2023: Scheduled virtual meetings for potential research collaborations.

2. October 2023: Preparing for a presentation at a Tsinghua-hosted conference.

3. Grant Application: In progress, aiming to secure a British Academy Knowledge Frontier grant to fund extended fieldwork across various Xinjiang locations.

This synopsis underscores the impact of my fieldwork, highlighting its role in forging connections, knowledge enrichment, and guiding my future research endeavours.

26

Ms Xinrui ZHANG, University of York

Ms Zhang was awarded a grant of £2,000 in February 2023. Her research was titled “From government-supported art projects to activist art in contemporary China, 1995–2014”.

I spent over a week in Chengdu observing how local communities engage with the Funan River and the Living Water Garden, and five days in Wuhan examining the bodily actions of the visitors in the East Lake area. I interviewed 42 park users in the Living Water Garden and 35 visitors to the East Lake. I also spoke to three security guards in the park about its daily management and recent renovation in July 2022, including installing mosquito repellent systems. Although the park was built to provide environmental education to the public, the majority of interviewees visited the park because it is more refreshing than other parks due to its dense vegetation and flowing water. Most of them commented that the park is a good place for children to play with water in summer, while it is more of a place for adults to stroll.

In terms of the interviews in Wuhan, most interviewees did not know or had never considered whether the construction of the Happy Valley, luxury hotels and private apartments around Wuhan’s East Lake in the 2010s caused water pollution. A few of them considered if it had been managed well, the construction would not have led to severe water pollution. The UCCL grant enables me to examine how international artists have facilitated public debates about China’s water pollution. I conclude that in addition to environmental discourse, action-informed ecological consciousness through bodily appearance and engagement becomes an alternative way to shape a green public sphere.

27

Ms Haiyun ZHAO, University of Oxford

Ms Zhao was awarded a grant of £2,500 in November 2021. Her research was titled “How police conceptualised ‘missing children’ in China over time, from the 1980s to 2020s”.

Since May 2016, I have been conducting in-depth longitudinal ethnographic research into a self-help group formed by the parents of missing children (abducted or kidnapped) in Mainland China. Building on my MPhil’s study, my DPhil research focuses on how these parents' strategies for finding their missing children are changing, given the shifting social media and technology landscape, including the rise of Douyin[1] (Chinese Tiktok), the expansion of live streaming into rural areas, and the adoption of face recognition technology, ancestral analysis and DNA bank technology, alongside the shifting government policies as well as the professionalisation and the changing identity of the police in China.

From May 2022 to this day, I have spent 11 months conducting intensive ethnographical observation of the parents' group. In February 2023, I went to an event in Beijing hosted by Douyin with a small group of parents who are looking for their children; In March 2023, Shandong, I attended a wedding ceremony of a man snatched 26 years ago by human traffickers and reunited with his parents in 2021. His father spent 24 years searching for his son by motorbike and now has 1 million followers on Douyin. In August 2022, Guangdong, I visited a couple who have been looking for their son for 17 years. The father used to be the de facto leader of the national parents' group, but he is now not able to make himself a star on Douyin with only 30k followers.

Over the course of this research, I interviewed three high-tech corporations (Baidu, Tencent, Tiktok) involved in the missing children problem. I also conducted follow-up interviews with 25 parents who are still looking for their children, 18 in-depth interviews with 5 parents who found their children with the help of face recognition and DNA match, 7 adults who reunited with their parents, and 3 women and 3 men who are still on the road of looking for their birth parents.

28

The China Library Group

Those familiar with the work of the UCCL will know that since 2013, at the request of the China Library Group (CLG), the UCCL has redirected its support for the purchase of Chinese books for academic research and teaching at a group of universities to support for a consortial subscription to essential Chinese language e-journal databases. These databases are provided by the Chinese digital giant CNKI and purchased through a Canadian company Eastview. The resources included in this subscription cover almost all significant PRC journal publications across the arts, humanities and political and social sciences (though not STEAM subjects, which have to be purchased separately). Members of the consortium (currently 20 institutions) can select which specific databases they wish to subscribe to and the number of consecutive users who can have access, according to their needs and financial resources.

Over the past decade, the generous support from the UCCL has increased, in recognition of the particular pressures created by the Covid-19 pandemic from £13,000 in 2013 to £24,000 p.a. in 2022/3.

The past year has been one of heighted uncertainty due to the as yet unresolved issues surrounding the investigation into CNKI by the Chinese government, and other geopolitical issues affecting access to the databases supplied by CNKI. It is difficult to overstate, therefore, just how important this support has been, and will continue to be, to the majority of members of the higher education community in England conducting teaching and researching about China. These resources are the single most important source of information about China and the research being done there, and since libraries no longer or rarely collect print versions, the only mode of access to the latest publications. This importance is reflected in the statistics that we receive each year from Eastview, which show continued high use of these e-journals.

I would like to take this opportunity on behalf of all the members of the consortium to thank the UCCL once again for its most generous and timely support.

Member Institutions for 2023

Bangor University Lancaster University Queen Mary British Library Leeds University Sheffield University Bristol University London School of Economics SOAS Cambridge University Manchester University University College London Durham University Newcastle University Westminster University Exeter University Nottingham University Warwick University Kings College London Oxford University

October 2023

John Moffett Convenor, China Library Group

29

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Trustees’ Report

and Financial Statements

for the year ended 30 June 2023

Registered Charity Number 314133

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEX

	Page
Charity information	1
Trustees’ report	2
Independent auditors’ report	5
Statement of financial activities	8
Balance sheet	9
Accounting policies	10
Notes to the financial statements	12

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

CHARITY INFORMATION

Trustees

Professor Gerda Wielander (Chair) Mrs Madeleine Sturrock (Hon Treasurer) Miss Lindsay Jones (Secretary) Dr Toby Lincoln

Principal office

Swire House 59 Buckingham Gate London SW1E 6AJ

Registered charity number

314133

Independent Auditors

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Bankers

HSBC Bank plc 60 Queen Victoria Street London EC4N 4TR

Page 1

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Trustees' Report

The Trustees present their report and the audited financial statements of the Charity for the year ended 30 June 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the Annual Report and Financial Statements of the Charity.

Structure, Governance and Management

The Universities' China Committee in London is an unincorporated charity governed by Royal Charter dated 29 February 1922 and was registered as a charity with the Charity Commission on 18 October 1962, Charity Registration No 314133.

The Trustees are listed on page 1 which also includes details about other service providers such as the auditors and bankers and the registered office address of the charity. Appointment of members of the Executive Council is governed by the Bye-Laws of The Universities' China Committee in London; the Executive Council is authorised to appoint new trustees to fill vacancies arising through the resignation or death of existing trustees. New trustees are given a verbal induction regarding the aims and objectives of the Charity. They are also provided with a copy of the Trust Deed, and details of the activities and most recent reports and accounts.

Day to day decisions are made by the Executive Council which meets normally three times a year. Administrative back-up is provided, with the approval of the Executive Council, by the Executive Director, Miss Lindsay Jones. The Executive Council makes decisions on applications for grants and discusses issues related to its mission and to the administration of the Charity.

Miss Lindsay Jones has managed the day to day affairs of the charity with Miss Fiona Doung providing secretarial and office services to the charity since 1 September 2022, replacing Captain Robert Guy and his wife, Mrs Rosemary Guy respectively. Both Miss Jones and Miss Duong were been paid £8,000 each towards the services rendered by them to the Charity for the year ended 30 June 2023. Mrs Rosemary Guy was paid an allowance of £1,391 for the administration of the UCCL and for secretarial expenses from 1 July 2022 to 1 September 2022. Travel expenses of £640 were paid to 5 trustees during the year (see note 9.)

Achievements, Performance and Financial Review

During the year the Committee made grants to individuals and institutions totalling £105,460. The Trust relies on income from investments and an annual donation from Sino-British Fellowship Trust.

Expenditure on certain activities, such as interchange of lecturers, teaching of the Chinese language and travel grants, vary from year to year: these variations are monitored carefully and deemed to be within tolerance. Actual payments of some grants, approved by the Executive Council in this financial year, were held pending rescheduling of intended travel prohibited during the pandemic.

Over the years any disposals from the investment fund have been made with the agreement of the Executive Council. During the year ended 30 June 2023, investment income amounting to £41,655 was credited to our bank account and treated as incoming resources and used to finance the activities of the Trust. Money raised by redemption of investment funds was £50,000 to cover an increase in grant-giving (see note 6).

Reserves Policy

It is the Trust's aim to find a balance between the necessary demands of the academic mission and to maintain a level of investment which generates an adequate income. The policy is to preserve reserves within the constraints of the UCCL's objectives for future generations. Unrestricted funds which are not invested will be first designated to cover any shortfall for the year. As at 30 June 2023 free reserves were in total £733,689.

Page 2

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Investment Policy

The Trustees keep their investment policy under review. Funds are currently invested in the M&G Charifund, M&G Charibond, COIF Charities Investment Fund and Blackrock Charities UK Equity Fund in order to achieve a balance of income, capital growth and diversified investment risk.

Risk assessment

The Finance Committee met in June 2023 and then assessed, on behalf of the Trustees, the major risks to which the charity was exposed, in particular those related to the operations and finances of the charity. It reported to the Trustees that it was satisfied that systems were in place to mitigate exposure to major risks.

Grants Policy

UCCL grants policy is governed by the purposes of the Royal Charter as follows:

• To enable the interchange of lecturers and academic visitors between the UK and China;

• Hospitality to Chinese Students and Scholars in the UK;

• To provide orientation for Chinese Studies in this country;

• Teaching of Chinese Language and Literature in the UK:

• Grants for libraries and museums

• Intellectual and cultural relations with China

• Miscellaneous

• Publication grants

• Travel grants

• Visiting & Research Scholarships.

Actual payments of some grants, approved by the Executive Council over the pandemic lockdown in China, remain held pending rescheduling of travel arrangements.

Public Benefit

The Trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2011. The Trustees are confident that they have complied with their duty under section 4 of the Charities Act 2011 in that they have had due regard to public benefit guidance published by the Commission. In furtherance of the Trust's charitable purposes for the public benefit, the Trustees give details of their activities below.

Activities

The Committee's principal activity during the year continued to be the making of grants under its Charter Purposes partly so as to enable the interchange of lecturers and academic visitors between the UK and China and partly so as to enable China-focused research. The following are the activities of the charity:

• Exchanging lecturers with China;

• Provision of funding for higher level research in China on China-related topics;

• To encourage and facilitate the teaching of the Chinese language and literature at universities in United Kingdom by the endowment of professorships and lecturerships;

• The encouragement of closer intellectual co-operation and to promote academic relations between China and the United Kingdom;

• In the Autumn of 2021 the UCCL initiated a scheme which would provide bursarships from September 2022 to selected home funded 4[th] year PhD students so as to allow writing up and timely completion. It is planned that this scheme will run for ten years.

Page 3

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Future Plans

The Universities' China Committee In London provides a long term and continuing commitment to the furtherance of academic ties between Britain and the People's Republic of China. In the course of 2022-23 the Trust has provided grants to individuals and institutions from China and Great Britain, in accordance with its stated objectives and intends to continue to do so. It will monitor the funds remaining in investments, so as to strike a balance between the needs of its objectives and the preservation of adequate investment for future grant applicants. It accepts that this may on occasion involve the periodic judicious release of funds from reserves.

Trustees' responsibilities statement

The Trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP (FRS 102);

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf.

M Sturrock Trustee and Treasurer 13 March 2024 Date

Page 4

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Opinion

We have audited the financial statements of Universities' China Committee in London (the ‘charity’) for the year ended 30 June 2023 which comprise Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice

In our opinion the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 30 June 2023, and of its incoming resources and application of resources, for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Page 5

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

• Enquiry of those charged with governance around actual and potential litigation and claims and any instances of non-compliance with laws and regulations;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

• A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilitiesfor.This description forms part of our auditor’s report.

Page 6

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Blue Spire Limited, Statutory Auditor

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

18 March 2024 Date

Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 7

UNIVERSITIES' CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

STATEMENT OF FINANCIAL ACTIVITIES

Note INCOME AND ENDOWMENTS FROM: Donations 1 Investment income and deposit interest 2 Total income and endowments EXPENDITURE ON: Charitable activities 3 Grants made during the year under Charter headings (i) Interchange of lecturers (ii) Teaching of Chinese language and literature in U.K. universities (iii) Intellectual and cultural Library and museum grants UK Studentship and bursaries Travel grants Grants for Chinese to study in the U.K. Miscellaneous Support costs 4 Secretarial and other administration costs Members travel Bank charges Auditors fees Total Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 11 Total funds carried forward 11	Income Fund £ 35,000 41,655 76,655 4,285 5,000 24,000 15,000 43,175 14,000 105,460 18,316 951 90 1,530 20,887 126,347 44,519 (5,173) - (5,173) 738,862 733,689	Endowment Fund £ - - - - - - - - - - - - - - - - - (7,128) (7,128) - (7,128) 937,033 929,905	2023 Total Funds £ 35,000 41,655 76,655 4,285 5,000 24,000 15,000 43,175 14,000 - 105,460 18,316 951 90 1,530 20,887 126,347 37,391 (12,301) - (12,301) 1,675,895 1,663,594	2022 Total Funds £ 35,000 37,387
				72,387
				5,000 4,000 21,000 8,449 28,245 14,000 4,270
				84,964
				14,537 1,540 70 1,620
				17,767
				102,731
				(58,425)
				(88,769) -
				(88,769) 1,764,664
				1,675,895

None of the charity’s other activities were acquired or discontinued during the above financial year.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 8

UNIVERSITIES' CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

BALANCE SHEET AS AT 30 JUNE 2023

Note FIXED ASSETS Investments 6 CURRENT ASSETS Debtors Cash at hand and in bank Total current assets CURRENT LIABILITIES Creditors: amounts falling due within one year 7 Net current assets/(liabilities) Net assets/(liabilities) THE FUNDS OF THE CHARITY Endowment 11 Income 11 Total charity funds	£ £ 1,641,501 - 70,968 70,968 48,875 22,093 1,663,594 929,905 733,689 1,663,594 2023	£ £ 1,654,110 - 40,914 40,914 19,129 21,785 1,675,895 937,033 738,862 1,675,895 2022	£ £ 1,654,110 - 40,914 40,914 19,129 21,785 1,675,895 937,033 738,862 1,675,895 2022
			1,675,895
			937,033 738,862
			1,675,895

The notes on pages 12 to 17 form part of these accounts.

These financial statements were approved by the board and signed on their behalf

M Sturrock Trustee and Treasurer

Date 13 March 2024

Page 9

UNIVERSITIES' CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Universities' China Committee In London is charity established under a Royal Charter. Its principal address is Swire House, 59 Buckingham Gate, London, SW1E 6AJ. The nature of the charity's operations is given in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) , the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cash flow statement

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

Income from other trading activities has been recorded on sale of donated paintings.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings: ● Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Support costs are allocated to expenditure on charitable activities on a basis this is the sole activity of the charity.

Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and cannot recover VAT incurred on costs. These are therefore stated inclusive of any VAT element.

Taxation

The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.

Page 10

UNIVERSITIES' CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

ACCOUNTING POLICIES

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.

Cash and cash equivalent

Cash and cash equivalents include cash at bank and in hand and cash balances within the investment portfolio.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Fund accounting

Unrestricted general funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Capital (endowment) funds comprise the original gifts introduced by the the settlor trustees, together with the accumulated realised and unrealised surpluses arising on investments acquired with those gifts, less any donations made out of capital. The capital funds are expendable at the discretion of the trustees. . Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 11

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

Donation - Sino-British Fellowship Trust Donation - Sino-British Fellowship Trust 2. Income from investments Investment income Investment income 3. Charitable activities Grants to individuals: Interchange of lecturers Intellectual and cultural (bursaries) Travel grants Grants to institutions: Teaching of Chinese language and literature in U.K. universities Intellectual and cultural Library and museum grants - The China Library Group UK Studentship Grants for Chinese to study in the U.K. - Great Britain China Educational Trust Miscellaneous	Income Fund £ 35,000 35,000 Income Fund £ 35,000 35,000 Income Fund £ 41,655 41,655 Income Fund £ 37,387 37,387 Income Fund £ 4,285 15,000 43,175 5,000 24,000 - 14,000 - 105,460	Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - - - - - - - -	2023 Total Funds £ 35,000
			35,000
			2022 Total Funds £ 35,000
			35,000
			2023 Total Funds £ 41,655
			41,655
			2022 Total Funds £ 37,387
			37,387
			2023 Total Funds £ 4,285 15,000 43,175 5,000 24,000 - 14,000 -
			105,460

Page 12

UNIVERSITIES' CHINA COMMITEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

3. Charitable activities (continued) Grants to individuals: Interchange of lecturers Intellectual and cultural Travel grants Grants to institutions: Teaching of Chinese language and literature in U.K. universities Intellectual and cultural Library and museum grants - The China Library Group UK Studentship Grants for Chinese to study in the U.K. - Great Britain China Educational Trust Miscellaneous 4. Support costs Secretarial and other administration costs Members travel Bank charges Auditors fees Secretarial and other administration costs Members travel Bank charges Auditors fees 5. Auditors' remuneration Audit fees	Income Fund £ 5,000 28,245 4,000 21,000 8,449 14,000 4,270 84,964 Income Fund £ 18,316 951 90 1,530 20,887 Income Fund £ 14,537 1,540 70 1,620 17,767 Income Fund £ 1,620 1,620	Endowment Fund £ - - - - - - - - Endowment Fund £ - - - - - Endowment Fund £ - - - - - Endowment Fund £ - -	2022 Total Funds £ 5,000 28,245 4,000 21,000 8,449 14,000 4,270
			84,964
			2023 Total Funds £ 18,316 951 90 1,530
			20,887
			2022 Total Funds £ 14,537 1,540 70 1,620
			17,767
			2023 Total Funds £ 1,620
			1,620

Page 13

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

5. Auditors' remuneration (continued)

Audit fees 6. Investments Market value brought forward at 1 July 2022 Cost of investments purchased Disposals at proceeds Gains/(losses) on investments Market value carried forward at 30 June 2023 The investments above are analysed as follows: Other investments - Common investment funds Historic cost at 30 June 2023 Gains/(losses) on investments Unrealised Realised on disposal of fixed asset investments 7. Creditors Accruals Deferred Income 8. Deferred income Sino-British Fellowship Trust	Brought forward £ 17,500 17,500	Income Fund £ 1,260 1,260 Income Fund £ 717,077 - - 44,519 761,596 761,596 670,000 44,519 - 44,519 Released in year £ (17,500) (17,500)	Endowment Fund £ - - Endowment Fund £ 937,033 - (50,000) (7,128) 879,905 879,905 340,748 (43,833) 36,705 (7,128) 2023 £ 31,375 17,500 48,875 Deferred in year £ 17,500 17,500	2022 Total Funds £ 1,260
				1,260
				2023 Total Funds £ 1,654,110 - (50,000) 37,391
				1,641,501
				1,641,501
				1,010,748
				686 36,705
				37,391
				2022 £ 1,629 17,500
				19,129
				Carried forward £ 17,500
				17,500

Deferred income includes amounts received for which the entitlement criteria for recognition has not been met.

Page 14

UNIVERSITIES' CHINA COMMITEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

9. Related party transactions

No remuneration was paid to trustees in this or the preceding year.

Mrs Rosemary Guy, wife of Captain Robert Guy, was paid an allowance of £1,391 for the administration of the UCCL and for secretarial expenses. Travel expenses of £640 were paid to 5 trustees during the year.

There were no other related party transactions to disclose.

10. Analysis of net assets between funds

Investments Current assets Current liabilities	Income Fund £ 761,596 70,968 (48,875) 783,689	Endowment Fund £ 879,905 - - 879,905	2023 Total Funds £ 1,641,501 70,968 (48,875)
			1,663,594

Investments Current assets Current liabilities	Income Fund £ 717,077 40,914 (19,129) 738,862	Endowment Fund £ 937,033 - - 937,033	2022 Total Funds £ 1,654,110 40,914 (19,129)
			1,675,895

11. Reconciliation of net movement in funds

Endowment funds Endowment fund Total endowment funds Unrestricted funds General funds Total unrestricted funds Total funds			Year ended 30 June 2023	Year ended 30 June 2023
	Total funds brought forward £ 937,033 937,033 738,862 738,862 1,675,895	Total Incoming resources £ - - 76,655 76,655 76,655	Total resources expended £ - - (126,347) (126,347) (126,347)	Gains/ (losses) on investments £ (7,128) (7,128) 44,519 44,519 37,391	Transfers between funds £ - - -	Total funds carried forward £ 929,905
						929,905
						733,689
						733,689
						1,663,594

Page 15

UNIVERSITIES' CHINA COMMITEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

11. Reconciliation of net movement in funds (continued)

Endowment funds Endowment fund Total endowment funds Unrestricted funds General funds Total unrestricted funds Total funds	Year ended 30 June 2022
	Total funds Total Total Gains/ Transfers Total funds brought Incoming resources (losses) on between carried forward resources expended investments funds forward £ £ £ £ £ £ 976,605 - - (39,572) 937,033
	976,605 - - (39,572) - 937,033
	788,059 72,387 (102,731) (18,853) - 738,862
	788,059 72,387 (102,731) (18,853) - 738,862
	1,764,664 72,387 (102,731) (58,425) - 1,675,895

Transfers of funds from the expendable endowment fund to unrestricted general fund are implemented by the trustees in order to provide resources for grant awards in furtherance of the charity's objectives under section 6 of the trust deed when required.

12. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

12. Financial instruments The carrying amounts of the charity's financial instruments are as follows:
	2023	2022
	£	£
Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments	1,641,501	1,654,110
	1,641,501	1,654,110
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
	2023	2022
	£	£
Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income	41,655	37,387
	41,655	37,387
Net gains and losses (including changes In fair value)
Financial assets measured at fair value through net income/(expenditure)
Unrealised gains/(losses) on investments	37,391	(58,425)
Realised gains/(losses) on investments	36,705	-
	74,096	(58,425)

Fixed asset investments are held at fair value with valuations obtained using last traded or closing mid/bid market prices as available.

Page 16

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

13. Comparative Statement of Financial Activites

Note Donations 1 Investment income and deposit interest 2 Income from other trading activities - sale of donated paintings Total income and endowments EXPENDITURE ON: Charitable activities 3 Grants made during the year under Charter headings (i) Interchange of lecturers (ii) Teaching of Chinese language and literature in U.K. universities (iii) Intellectual and cultural Library and museum grants UK Studentship Travel grants Grants for Chinese to study in the U.K. Miscellaneous Support costs 4 Secretarial and other administration costs Members travel Bank charges Auditors fees Total Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 11 Total funds carried forward 11	Income Fund £ 35,000 37,387 - 72,387 5,000 4,000 21,000 8,449 28,245 14,000 4,270 84,964 14,537 1,540 70 1,620 17,767 102,731 (18,853) (49,197) - (49,197) 788,059 738,862	Endowment Fund £ - - - - - - - - - - - - - - - - - - (39,572) (39,572) - (39,572) 976,605 937,033	2022 Total Funds £ 35,000 37,387 -
			72,387
			5,000 4,000 21,000 8,449 28,245 14,000 4,270
			84,964
			14,537 1,540 70 1,620
			17,767
			102,731
			(58,425)
			(88,769) -
			(88,769) 1,764,664
			1,675,895

None of the charity’s other activities were acquired or discontinued during the above financial year.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 17

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Trustees’ Report

and Financial Statements

for the year ended 30 June 2023

Registered Charity Number 314133

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEX

	Page
Charity information	1
Trustees’ report	2
Independent auditors’ report	5
Statement of financial activities	8
Balance sheet	9
Accounting policies	10
Notes to the financial statements	12

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

CHARITY INFORMATION

Trustees

Professor Gerda Wielander (Chair) Mrs Madeleine Sturrock (Hon Treasurer) Miss Lindsay Jones (Secretary) Dr Toby Lincoln

Principal office

Swire House 59 Buckingham Gate London SW1E 6AJ

Registered charity number

314133

Independent Auditors

Blue Spire Limited Cawley Priory South Pallant Chichester West Sussex PO19 1SY

Bankers

HSBC Bank plc 60 Queen Victoria Street London EC4N 4TR

Page 1

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Trustees' Report

The Trustees present their report and the audited financial statements of the Charity for the year ended 30 June 2023. The Trustees have adopted the provisions of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS 102) in preparing the Annual Report and Financial Statements of the Charity.

Structure, Governance and Management

The Universities' China Committee in London is an unincorporated charity governed by Royal Charter dated 29 February 1922 and was registered as a charity with the Charity Commission on 18 October 1962, Charity Registration No 314133.

The Trustees are listed on page 1 which also includes details about other service providers such as the auditors and bankers and the registered office address of the charity. Appointment of members of the Executive Council is governed by the Bye-Laws of The Universities' China Committee in London; the Executive Council is authorised to appoint new trustees to fill vacancies arising through the resignation or death of existing trustees. New trustees are given a verbal induction regarding the aims and objectives of the Charity. They are also provided with a copy of the Trust Deed, and details of the activities and most recent reports and accounts.

Day to day decisions are made by the Executive Council which meets normally three times a year. Administrative back-up is provided, with the approval of the Executive Council, by the Executive Director, Miss Lindsay Jones. The Executive Council makes decisions on applications for grants and discusses issues related to its mission and to the administration of the Charity.

Miss Lindsay Jones has managed the day to day affairs of the charity with Miss Fiona Doung providing secretarial and office services to the charity since 1 September 2022, replacing Captain Robert Guy and his wife, Mrs Rosemary Guy respectively. Both Miss Jones and Miss Duong were been paid £8,000 each towards the services rendered by them to the Charity for the year ended 30 June 2023. Mrs Rosemary Guy was paid an allowance of £1,391 for the administration of the UCCL and for secretarial expenses from 1 July 2022 to 1 September 2022. Travel expenses of £640 were paid to 5 trustees during the year (see note 9.)

Achievements, Performance and Financial Review

During the year the Committee made grants to individuals and institutions totalling £105,460. The Trust relies on income from investments and an annual donation from Sino-British Fellowship Trust.

Expenditure on certain activities, such as interchange of lecturers, teaching of the Chinese language and travel grants, vary from year to year: these variations are monitored carefully and deemed to be within tolerance. Actual payments of some grants, approved by the Executive Council in this financial year, were held pending rescheduling of intended travel prohibited during the pandemic.

Over the years any disposals from the investment fund have been made with the agreement of the Executive Council. During the year ended 30 June 2023, investment income amounting to £41,655 was credited to our bank account and treated as incoming resources and used to finance the activities of the Trust. Money raised by redemption of investment funds was £50,000 to cover an increase in grant-giving (see note 6).

Reserves Policy

It is the Trust's aim to find a balance between the necessary demands of the academic mission and to maintain a level of investment which generates an adequate income. The policy is to preserve reserves within the constraints of the UCCL's objectives for future generations. Unrestricted funds which are not invested will be first designated to cover any shortfall for the year. As at 30 June 2023 free reserves were in total £733,689.

Page 2

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Investment Policy

The Trustees keep their investment policy under review. Funds are currently invested in the M&G Charifund, M&G Charibond, COIF Charities Investment Fund and Blackrock Charities UK Equity Fund in order to achieve a balance of income, capital growth and diversified investment risk.

Risk assessment

The Finance Committee met in June 2023 and then assessed, on behalf of the Trustees, the major risks to which the charity was exposed, in particular those related to the operations and finances of the charity. It reported to the Trustees that it was satisfied that systems were in place to mitigate exposure to major risks.

Grants Policy

UCCL grants policy is governed by the purposes of the Royal Charter as follows:

• To enable the interchange of lecturers and academic visitors between the UK and China;

• Hospitality to Chinese Students and Scholars in the UK;

• To provide orientation for Chinese Studies in this country;

• Teaching of Chinese Language and Literature in the UK:

• Grants for libraries and museums

• Intellectual and cultural relations with China

• Miscellaneous

• Publication grants

• Travel grants

• Visiting & Research Scholarships.

Actual payments of some grants, approved by the Executive Council over the pandemic lockdown in China, remain held pending rescheduling of travel arrangements.

Public Benefit

The Trustees have consulted the guidance made available by the Charity Commission for England and Wales on the Public Benefit requirement of the Charities Act 2011. The Trustees are confident that they have complied with their duty under section 4 of the Charities Act 2011 in that they have had due regard to public benefit guidance published by the Commission. In furtherance of the Trust's charitable purposes for the public benefit, the Trustees give details of their activities below.

Activities

The Committee's principal activity during the year continued to be the making of grants under its Charter Purposes partly so as to enable the interchange of lecturers and academic visitors between the UK and China and partly so as to enable China-focused research. The following are the activities of the charity:

• Exchanging lecturers with China;

• Provision of funding for higher level research in China on China-related topics;

• To encourage and facilitate the teaching of the Chinese language and literature at universities in United Kingdom by the endowment of professorships and lecturerships;

• The encouragement of closer intellectual co-operation and to promote academic relations between China and the United Kingdom;

• In the Autumn of 2021 the UCCL initiated a scheme which would provide bursarships from September 2022 to selected home funded 4[th] year PhD students so as to allow writing up and timely completion. It is planned that this scheme will run for ten years.

Page 3

UNIVERSITIES’ CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

TRUSTEES’ REPORT

Future Plans

The Universities' China Committee In London provides a long term and continuing commitment to the furtherance of academic ties between Britain and the People's Republic of China. In the course of 2022-23 the Trust has provided grants to individuals and institutions from China and Great Britain, in accordance with its stated objectives and intends to continue to do so. It will monitor the funds remaining in investments, so as to strike a balance between the needs of its objectives and the preservation of adequate investment for future grant applicants. It accepts that this may on occasion involve the periodic judicious release of funds from reserves.

Trustees' responsibilities statement

The Trustees are responsible for preparing the Trustees’ Annual Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing these financial statements, the Trustees are required to:

• Select suitable accounting policies and then apply them consistently;

• Observe the methods and principles in the Charities SORP (FRS 102);

• Make judgements and estimates that are reasonable and prudent;

• State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

• Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the Financial Statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008 and the provisions of the Trust Deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Trustees and signed on their behalf.

M Sturrock Trustee and Treasurer 13 March 2024 Date

Page 4

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEPENDENT AUDITORS’ REPORT TO THE TRUSTEES OF UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Opinion

We have audited the financial statements of Universities' China Committee in London (the ‘charity’) for the year ended 30 June 2023 which comprise Statement of Financial Activities, the Balance Sheet and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice

In our opinion the financial statements:

• give a true and fair view of the state of the charity’s affairs as at 30 June 2023, and of its incoming resources and application of resources, for the period then ended;

• have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

• have been prepared in accordance with the requirements of the Charities Act 2011.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor’s responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees’ use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the trustees’ report, other than the financial statements and our auditor’s report thereon. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.

We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:

• the information given in the financial statements is inconsistent in any material respect with the trustees’ report; or

• sufficient accounting records have not been kept; or

• the financial statements are not in agreement with the accounting records; or

• we have not received all the information and explanations we require for our audit.

Page 5

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Responsibilities of trustees

As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Auditor’s responsibilities for the audit of the financial statements

We have been appointed as auditor under section 145 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Based on our understanding of the Charity and the industry in which it operates, we identified the principal laws and regulations that directly affect the financial statements to be the Charities Act, and Trustee Act. We assessed the extent of compliance with these laws and regulations as part of our procedures on the related financial statement items.

In addition, the Charity is subject to many other laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements, for instance through the imposition of fines or litigation. As an investment and donation funded grantmaker there is a limitation to areas most likely to have such an effect. Auditing standards limit the required audit procedures to identify non-compliance with these laws and regulations to enquiry of the Trustees and other management and inspection of regulatory and legal correspondence if any.

Audit procedures performed by the engagement team included:

• Enquiry of those charged with governance around actual and potential litigation and claims and any instances of non-compliance with laws and regulations;

• Reviewing financial statement disclosures and testing to supporting documentation to assess compliance with applicable laws and regulations.

Because of the inherent limitations of an audit, there is a risk that we will not detect all irregularities, including those leading to a material misstatement in the financial statements or non-compliance with regulation. This risk increases the more that compliance with a law or regulation is removed from the events and transactions reflected in the financial statements, as we will be less likely to become aware of instances of non-compliance. The risk is also greater regarding irregularities occurring due to fraud rather than error, as fraud involves intentional concealment, forgery, collusion, omission or misrepresentation.

• A further description of our responsibilities is available on the FRC's website at: https://www.frc.org.uk/auditors/audit assurance/auditor-s-responsibilities-for-the-audit-of-the-fi/description-of-the-auditor%E2%80%99s-responsibilitiesfor.This description forms part of our auditor’s report.

Page 6

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES’ CHINA COMMITTEE IN LONDON

INDEPENDENT AUDITOR’S REPORT TO THE TRUSTEES OF THE UNIVERSITIES’ CHINA COMMITTEE IN LONDON

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Blue Spire Limited, Statutory Auditor

Cawley Priory South Pallant Chichester West Sussex PO19 1SY

18 March 2024 Date

Blue Spire Limited is eligible to act as an auditor in terms of section 1212 of the Companies Act 2006.

Page 7

UNIVERSITIES' CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

STATEMENT OF FINANCIAL ACTIVITIES

Note INCOME AND ENDOWMENTS FROM: Donations 1 Investment income and deposit interest 2 Total income and endowments EXPENDITURE ON: Charitable activities 3 Grants made during the year under Charter headings (i) Interchange of lecturers (ii) Teaching of Chinese language and literature in U.K. universities (iii) Intellectual and cultural Library and museum grants UK Studentship and bursaries Travel grants Grants for Chinese to study in the U.K. Miscellaneous Support costs 4 Secretarial and other administration costs Members travel Bank charges Auditors fees Total Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 11 Total funds carried forward 11	Income Fund £ 35,000 41,655 76,655 4,285 5,000 24,000 15,000 43,175 14,000 105,460 18,316 951 90 1,530 20,887 126,347 44,519 (5,173) - (5,173) 738,862 733,689	Endowment Fund £ - - - - - - - - - - - - - - - - - (7,128) (7,128) - (7,128) 937,033 929,905	2023 Total Funds £ 35,000 41,655 76,655 4,285 5,000 24,000 15,000 43,175 14,000 - 105,460 18,316 951 90 1,530 20,887 126,347 37,391 (12,301) - (12,301) 1,675,895 1,663,594	2022 Total Funds £ 35,000 37,387
				72,387
				5,000 4,000 21,000 8,449 28,245 14,000 4,270
				84,964
				14,537 1,540 70 1,620
				17,767
				102,731
				(58,425)
				(88,769) -
				(88,769) 1,764,664
				1,675,895

None of the charity’s other activities were acquired or discontinued during the above financial year.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 8

UNIVERSITIES' CHINA COMMITTEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

BALANCE SHEET AS AT 30 JUNE 2023

Note FIXED ASSETS Investments 6 CURRENT ASSETS Debtors Cash at hand and in bank Total current assets CURRENT LIABILITIES Creditors: amounts falling due within one year 7 Net current assets/(liabilities) Net assets/(liabilities) THE FUNDS OF THE CHARITY Endowment 11 Income 11 Total charity funds	£ £ 1,641,501 - 70,968 70,968 48,875 22,093 1,663,594 929,905 733,689 1,663,594 2023	£ £ 1,654,110 - 40,914 40,914 19,129 21,785 1,675,895 937,033 738,862 1,675,895 2022	£ £ 1,654,110 - 40,914 40,914 19,129 21,785 1,675,895 937,033 738,862 1,675,895 2022
			1,675,895
			937,033 738,862
			1,675,895

The notes on pages 12 to 17 form part of these accounts.

These financial statements were approved by the board and signed on their behalf

M Sturrock Trustee and Treasurer

Date 13 March 2024

Page 9

UNIVERSITIES' CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

ACCOUNTING POLICIES

General information, scope and basis of the financial statements

The Universities' China Committee In London is charity established under a Royal Charter. Its principal address is Swire House, 59 Buckingham Gate, London, SW1E 6AJ. The nature of the charity's operations is given in the trustees' report.

The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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) issued on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) , the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2015.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded to the nearest £.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.

Cash flow statement

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.

Incoming resources

All incoming resources are included in the Statement of Financial Activities (SoFA) when the charity is legally entitled to the income after any performance conditions have been met, the amount can be measured reliably and it is probable that the income will be received.

Investment income is earned through holding assets for investment purposes such as shares. It includes dividends and interest. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend income is recognised as the charity’s right to receive payment is established.

Income from other trading activities has been recorded on sale of donated paintings.

Resources expended

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably. It is categorised under the following expenditure headings: ● Charitable activities; these include grants to third parties and the costs of administering the charity inclusive of governance costs

Grants payable to third parties are within the charitable objectives. Where unconditional grants are offered, this is accrued as soon as the recipient is notified of the grant, as this gives rise to a reasonable expectation that the recipient will receive the grants. Where grants are conditional relating to performance then the grant is only accrued when any unfulfilled conditions are outside of the control of the charity.

Support costs are those that assist the work of the charity but do not directly represent charitable activities and include office costs, governance costs, administrative costs. They are incurred directly in support of expenditure on the objects of the charity. Support costs are allocated to expenditure on charitable activities on a basis this is the sole activity of the charity.

Governance costs are those incurred in the governance of the charity and primarily associated with the constitution and statutory requirements.

VAT

The charity is not registered for VAT and cannot recover VAT incurred on costs. These are therefore stated inclusive of any VAT element.

Taxation

The charity is considered to pass the tests set out in sections 521 to 536 Income Tax Act 2007 (ITA 2007), as such no income tax is payable on the charity's activities.

Page 10

UNIVERSITIES' CHINA COMMITTEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

ACCOUNTING POLICIES

Investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SoFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Where investments are denominated in currencies other than Sterling, transactions are translated at the rate prevailing at the date of the transaction and year end values are calculated using the exchange rate prevailing at the year end.

Cash and cash equivalent

Cash and cash equivalents include cash at bank and in hand and cash balances within the investment portfolio.

Debtors receivable and creditors payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Fund accounting

Unrestricted general funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.

Capital (endowment) funds comprise the original gifts introduced by the the settlor trustees, together with the accumulated realised and unrealised surpluses arising on investments acquired with those gifts, less any donations made out of capital. The capital funds are expendable at the discretion of the trustees. . Income arising on the endowment funds can be used in accordance with the objects of the charity and is included as unrestricted income.

Going concern

The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.

Page 11

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

1. Donations and legacies

Donation - Sino-British Fellowship Trust Donation - Sino-British Fellowship Trust 2. Income from investments Investment income Investment income 3. Charitable activities Grants to individuals: Interchange of lecturers Intellectual and cultural (bursaries) Travel grants Grants to institutions: Teaching of Chinese language and literature in U.K. universities Intellectual and cultural Library and museum grants - The China Library Group UK Studentship Grants for Chinese to study in the U.K. - Great Britain China Educational Trust Miscellaneous	Income Fund £ 35,000 35,000 Income Fund £ 35,000 35,000 Income Fund £ 41,655 41,655 Income Fund £ 37,387 37,387 Income Fund £ 4,285 15,000 43,175 5,000 24,000 - 14,000 - 105,460	Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - Endowment Fund £ - - - - - - - - -	2023 Total Funds £ 35,000
			35,000
			2022 Total Funds £ 35,000
			35,000
			2023 Total Funds £ 41,655
			41,655
			2022 Total Funds £ 37,387
			37,387
			2023 Total Funds £ 4,285 15,000 43,175 5,000 24,000 - 14,000 -
			105,460

Page 12

UNIVERSITIES' CHINA COMMITEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

3. Charitable activities (continued) Grants to individuals: Interchange of lecturers Intellectual and cultural Travel grants Grants to institutions: Teaching of Chinese language and literature in U.K. universities Intellectual and cultural Library and museum grants - The China Library Group UK Studentship Grants for Chinese to study in the U.K. - Great Britain China Educational Trust Miscellaneous 4. Support costs Secretarial and other administration costs Members travel Bank charges Auditors fees Secretarial and other administration costs Members travel Bank charges Auditors fees 5. Auditors' remuneration Audit fees	Income Fund £ 5,000 28,245 4,000 21,000 8,449 14,000 4,270 84,964 Income Fund £ 18,316 951 90 1,530 20,887 Income Fund £ 14,537 1,540 70 1,620 17,767 Income Fund £ 1,620 1,620	Endowment Fund £ - - - - - - - - Endowment Fund £ - - - - - Endowment Fund £ - - - - - Endowment Fund £ - -	2022 Total Funds £ 5,000 28,245 4,000 21,000 8,449 14,000 4,270
			84,964
			2023 Total Funds £ 18,316 951 90 1,530
			20,887
			2022 Total Funds £ 14,537 1,540 70 1,620
			17,767
			2023 Total Funds £ 1,620
			1,620

Page 13

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

5. Auditors' remuneration (continued)

Audit fees 6. Investments Market value brought forward at 1 July 2022 Cost of investments purchased Disposals at proceeds Gains/(losses) on investments Market value carried forward at 30 June 2023 The investments above are analysed as follows: Other investments - Common investment funds Historic cost at 30 June 2023 Gains/(losses) on investments Unrealised Realised on disposal of fixed asset investments 7. Creditors Accruals Deferred Income 8. Deferred income Sino-British Fellowship Trust	Brought forward £ 17,500 17,500	Income Fund £ 1,260 1,260 Income Fund £ 717,077 - - 44,519 761,596 761,596 670,000 44,519 - 44,519 Released in year £ (17,500) (17,500)	Endowment Fund £ - - Endowment Fund £ 937,033 - (50,000) (7,128) 879,905 879,905 340,748 (43,833) 36,705 (7,128) 2023 £ 31,375 17,500 48,875 Deferred in year £ 17,500 17,500	2022 Total Funds £ 1,260
				1,260
				2023 Total Funds £ 1,654,110 - (50,000) 37,391
				1,641,501
				1,641,501
				1,010,748
				686 36,705
				37,391
				2022 £ 1,629 17,500
				19,129
				Carried forward £ 17,500
				17,500

Deferred income includes amounts received for which the entitlement criteria for recognition has not been met.

Page 14

UNIVERSITIES' CHINA COMMITEE IN LONDON

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

9. Related party transactions

No remuneration was paid to trustees in this or the preceding year.

Mrs Rosemary Guy, wife of Captain Robert Guy, was paid an allowance of £1,391 for the administration of the UCCL and for secretarial expenses. Travel expenses of £640 were paid to 5 trustees during the year.

There were no other related party transactions to disclose.

10. Analysis of net assets between funds

Investments Current assets Current liabilities	Income Fund £ 761,596 70,968 (48,875) 783,689	Endowment Fund £ 879,905 - - 879,905	2023 Total Funds £ 1,641,501 70,968 (48,875)
			1,663,594

Investments Current assets Current liabilities	Income Fund £ 717,077 40,914 (19,129) 738,862	Endowment Fund £ 937,033 - - 937,033	2022 Total Funds £ 1,654,110 40,914 (19,129)
			1,675,895

11. Reconciliation of net movement in funds

Endowment funds Endowment fund Total endowment funds Unrestricted funds General funds Total unrestricted funds Total funds			Year ended 30 June 2023	Year ended 30 June 2023
	Total funds brought forward £ 937,033 937,033 738,862 738,862 1,675,895	Total Incoming resources £ - - 76,655 76,655 76,655	Total resources expended £ - - (126,347) (126,347) (126,347)	Gains/ (losses) on investments £ (7,128) (7,128) 44,519 44,519 37,391	Transfers between funds £ - - -	Total funds carried forward £ 929,905
						929,905
						733,689
						733,689
						1,663,594

Page 15

UNIVERSITIES' CHINA COMMITEE IN LONDON FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

NOTES TO THE FINANCIAL STATEMENTS

11. Reconciliation of net movement in funds (continued)

Endowment funds Endowment fund Total endowment funds Unrestricted funds General funds Total unrestricted funds Total funds	Year ended 30 June 2022
	Total funds Total Total Gains/ Transfers Total funds brought Incoming resources (losses) on between carried forward resources expended investments funds forward £ £ £ £ £ £ 976,605 - - (39,572) 937,033
	976,605 - - (39,572) - 937,033
	788,059 72,387 (102,731) (18,853) - 738,862
	788,059 72,387 (102,731) (18,853) - 738,862
	1,764,664 72,387 (102,731) (58,425) - 1,675,895

Transfers of funds from the expendable endowment fund to unrestricted general fund are implemented by the trustees in order to provide resources for grant awards in furtherance of the charity's objectives under section 6 of the trust deed when required.

12. Financial instruments

The carrying amounts of the charity's financial instruments are as follows:

12. Financial instruments The carrying amounts of the charity's financial instruments are as follows:
	2023	2022
	£	£
Financial assets
Measured at fair value through net income/(expenditure):
Fixed asset investments	1,641,501	1,654,110
	1,641,501	1,654,110
The income, expense, net gains and net losses attributable to the charity's financial instruments are summarised as follows:
	2023	2022
	£	£
Income and expense
Financial assets measured at fair value through net income/(expenditure)
Investment income	41,655	37,387
	41,655	37,387
Net gains and losses (including changes In fair value)
Financial assets measured at fair value through net income/(expenditure)
Unrealised gains/(losses) on investments	37,391	(58,425)
Realised gains/(losses) on investments	36,705	-
	74,096	(58,425)

Fixed asset investments are held at fair value with valuations obtained using last traded or closing mid/bid market prices as available.

Page 16

FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2023

UNIVERSITIES' CHINA COMMITEE IN LONDON

NOTES TO THE FINANCIAL STATEMENTS

13. Comparative Statement of Financial Activites

Note Donations 1 Investment income and deposit interest 2 Income from other trading activities - sale of donated paintings Total income and endowments EXPENDITURE ON: Charitable activities 3 Grants made during the year under Charter headings (i) Interchange of lecturers (ii) Teaching of Chinese language and literature in U.K. universities (iii) Intellectual and cultural Library and museum grants UK Studentship Travel grants Grants for Chinese to study in the U.K. Miscellaneous Support costs 4 Secretarial and other administration costs Members travel Bank charges Auditors fees Total Net gains/(losses) on investments Net income/(expenditure) Transfers between funds Net movement in funds RECONCILIATION OF FUNDS Total funds brought forward 11 Total funds carried forward 11	Income Fund £ 35,000 37,387 - 72,387 5,000 4,000 21,000 8,449 28,245 14,000 4,270 84,964 14,537 1,540 70 1,620 17,767 102,731 (18,853) (49,197) - (49,197) 788,059 738,862	Endowment Fund £ - - - - - - - - - - - - - - - - - - (39,572) (39,572) - (39,572) 976,605 937,033	2022 Total Funds £ 35,000 37,387 -
			72,387
			5,000 4,000 21,000 8,449 28,245 14,000 4,270
			84,964
			14,537 1,540 70 1,620
			17,767
			102,731
			(58,425)
			(88,769) -
			(88,769) 1,764,664
			1,675,895

None of the charity’s other activities were acquired or discontinued during the above financial year.

The charity has no recognised gains or losses other than those dealt with in the statement of financial activities.

Page 17