## Leeds Chinese Community School Charity number 516097 ## Annual Report and Financial Statements for the year ended 31 August 2023 **----- Start of picture text -----**
Group's logo
**----- End of picture text -----**
## Leeds Chinese Community School Annual Report and Financial Statements for the year ended 31 August 2023 |**Contents**|**Page**| |---|---| |Trustees' report|2 to 3| |Examiner's report|4| |Receipts and payments account|5| |Statement of assets and liabilities|6| |Notes to the accounts|7 to 8| ## **Prepared by West Yorkshire Community Accountancy Service CIO** 1 ## Leeds Chinese Community School ## Trustees' report for the year ended 31 August 2023 ## **Reference and administrative details of the charity, its trustees and advisors** The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Bei Gao Chair Kayan Tsang Deputy Chair Michelle Lam Safeguarding Yi Ling Chan Safeguarding Fiona Kit Treasurer Yuan Ming Li Co-Treasurer Resigned November 2022 Man Chiu Leung Health & Safety Officer Lisa Lau Yan Chu Resigned February 2023 Danilu Liu Child Protection Hui Wen Chang Resigned May 2023 Fu Yin Heinberg Appointed November 2022 **Charity number** 516097 Registered in England and Wales **Registered and principal address Bankers** C/o Bishop Young C of E Academy Barclays Bank plc Bishop Way Vicar Lane Business Centre Seacroft 1 The Headrow Leeds Leeds LS14 6NU LS1 1JS ## **Independent examiner** Kay Sargeant ACA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW ## **Structure, governance and management** The charity is governed by a constitution adopted on 20 January 1985 as amended 18 May 2003. ## **Method of recruitment and appointment of trustees** The trustees of the charity are appointed by the members at the AGM. 2 ## Leeds Chinese Community School ## Trustees' report (continued) for the year ended 31 August 2023 ## **Objectives and activities** ## **The charity's objects** The advancement and promotion of education in the culture, traditions and language of China amongst the public, and in particular Chinese adults and children resident in the county of West Yorkshire. The advancement, promotion and teaching of the public, in particular Chinese adults and children resident in the said area. To provide recreational activities pursuant to the provisions of the Recreational Charities Act 1958. To relieve persons in the area of benefit, who are in conditions of need, hardship and distress. ## **The charity's main activities** Provides out of school hours activities for school age children, e.g., Chinese language lessons (both Mandarin and Cantonese), Chinese Dance, Taekwondo, Tai Chi etc. in Leeds and districts. We also provide Chinese language lessons for adults and promote Chinese culture amongst the local community. ## **Public benefit statement** In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education, promotion of social inclusion, cultural understanding and diversity and community development. ## **Achievements and performance** Exam results for Summer 2023: GCSE exam results: 6 students scored 9 in Cantonese, 3 scored 9 in Mandarin, 1 scored 8 and 1 scored 7 in Mandarin. 100% A-A* result. All classes from reception to GCSE level are running. Children's dance classes and adult dance classes are running. A little Chinese library with over 100 children's story books is running for parent to borrow. A Chinese New Year event was held for 2023. ## **Financial review** The net receipts for the year were £108, all of which were unrestricted in nature. ## **Reserves policy** The charity's free reserves, at the year end were £133,605. The charities reserves policy is to maintain reserves at a minimum of 1 year and a maximum of 2 years' worth of annual expenditure, factoring in a 10% inflation rate. Based on the annual expenditure for 2022/23 financial year, this means reserves would be in the range of approximately £42k and £91k. The trustees acknowledge the current reserves are in excess of the maximum by approximately £42k and are committed to strategically allocating funds for impactful initiatives, including teacher retention scheme, additional management team hours for handling increased workload, training and development, cultural events, school outings, equipment upgrades and accessibility initiatives, as well as a 10% contingency for unforeseen expenses. Approved by the board of trustees on 8/3/2024 Fiona Kit (Trustee) 3 ## Leeds Chinese Community School ## Independent examiner's report to the trustees of Leeds Chinese Community School I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023, which are set out on pages 5 to 8. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kay Sargeant ACA 2/4/2023 ## **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW 4 ## Leeds Chinese Community School ## Receipts and payments account ## for the year ended 31 August 2023 |Notes
**Receipts**
Grants and donations
(2)
Tuition fees
Other fees and charges
Events and activities
Exam fees
Bank interest
Rent refund
**Total receipts**
**Payments**
Freelance, volunteer staff and related costs
Travel
Printing and stationery
Books and publications
Membership fees
Insurance
Independent examination
Bookkeeping
Equipment
Food
DBS checks
Rent and room hire
Exam fees
Events and activities
Other administrative costs
Awards and prizes
Online teaching costs
**Total payments**
**Net receipts / (payments)**
**Fund balances brought forward**
**Fund balances carried forward**
(3)|2023
Total
funds
£
2,022
31,959
42
3,080
672
107
-
37,882
16,371
205
251
2,670
-
815
384
450
799
1,850
192
7,203
2,919
1,135
413
1,775
342
37,774
108
133,497
133,605|2022
Total
funds
£
13,707
25,423
359
804
-
4
2,041
42,338
16,142
31
147
1,372
395
789
330
420
1,012
1,155
24
40
629
1,047
536
16
628
24,713
17,625
115,872
133,497| |---|---|---| 5 ## Leeds Chinese Community School Statement of assets and liabilities |as at 31 August 2023
**Cash funds**
Cash at bank
**Total cash funds**
**Debtors and prepayments**
Prepayments
**Assets retained for the charity's own use**
Various mobile phones and laptops
Classroom equipment
**Liabilities**
Accruals|2023
Total
£
133,605
133,605
2023
£
136
136
2023
£
495
495|2022
Total
£
133,497
133,497| |---|---|---| The financial statements were approved by the board of trustees on 8/3/2024 Fiona Kit (Trustee) 6 ## Leeds Chinese Community School ## Notes to the accounts for the year ended 31 August 2023 ## **1 Accounting policies** ## **Basis of accounting** The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years. ## **Taxation** As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 7 ## Leeds Chinese Community School ## Notes to the accounts continued ## for the year ended 31 August 2023 |**2 Grants and donations**
Chinese Language & Culture Educat'n of China
University of Leeds
Other grants and donations|2023
Total
funds
£
-
-
2,022
2,022|2022
Total
funds
£
11,968
500
1,239
13,707| |---|---|---| ## **3 Related party transactions** ## **Trustee expenses** During the year 7 trustees were paid a total of £2,439 in respect of teaching and travel expenses. ## **Trustee remuneration and benefits** |**Details of remuneration and benefits**
**Name of trustee or related party**
**Legal authority**
Bei Gao (Exam fees/GCSE teaching)
Governing document
Yan Chu (Freelance A Level teaching)
Governing document|2023
£
1,000
-
1,000|2022
£
500
1,350
1,850| |---|---|---| 8 ## Leeds Chinese Community School Charity number 516097 ## Annual Report and Financial Statements for the year ended 31 August 2023 **----- Start of picture text -----**
Group's logo
**----- End of picture text -----**
## Leeds Chinese Community School Annual Report and Financial Statements for the year ended 31 August 2023 |**Contents**|**Page**| |---|---| |Trustees' report|2 to 3| |Examiner's report|4| |Receipts and payments account|5| |Statement of assets and liabilities|6| |Notes to the accounts|7 to 8| ## **Prepared by West Yorkshire Community Accountancy Service CIO** 1 ## Leeds Chinese Community School ## Trustees' report for the year ended 31 August 2023 ## **Reference and administrative details of the charity, its trustees and advisors** The trustees during the financial year and up to and including the date the report was approved were: **Name Position Dates** Bei Gao Chair Kayan Tsang Deputy Chair Michelle Lam Safeguarding Yi Ling Chan Safeguarding Fiona Kit Treasurer Yuan Ming Li Co-Treasurer Resigned November 2022 Man Chiu Leung Health & Safety Officer Lisa Lau Yan Chu Resigned February 2023 Danilu Liu Child Protection Hui Wen Chang Resigned May 2023 Fu Yin Heinberg Appointed November 2022 **Charity number** 516097 Registered in England and Wales **Registered and principal address Bankers** C/o Bishop Young C of E Academy Barclays Bank plc Bishop Way Vicar Lane Business Centre Seacroft 1 The Headrow Leeds Leeds LS14 6NU LS1 1JS ## **Independent examiner** Kay Sargeant ACA **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW ## **Structure, governance and management** The charity is governed by a constitution adopted on 20 January 1985 as amended 18 May 2003. ## **Method of recruitment and appointment of trustees** The trustees of the charity are appointed by the members at the AGM. 2 ## Leeds Chinese Community School ## Trustees' report (continued) for the year ended 31 August 2023 ## **Objectives and activities** ## **The charity's objects** The advancement and promotion of education in the culture, traditions and language of China amongst the public, and in particular Chinese adults and children resident in the county of West Yorkshire. The advancement, promotion and teaching of the public, in particular Chinese adults and children resident in the said area. To provide recreational activities pursuant to the provisions of the Recreational Charities Act 1958. To relieve persons in the area of benefit, who are in conditions of need, hardship and distress. ## **The charity's main activities** Provides out of school hours activities for school age children, e.g., Chinese language lessons (both Mandarin and Cantonese), Chinese Dance, Taekwondo, Tai Chi etc. in Leeds and districts. We also provide Chinese language lessons for adults and promote Chinese culture amongst the local community. ## **Public benefit statement** In setting our objectives and planning our activities our Trustees have given serious consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of education, promotion of social inclusion, cultural understanding and diversity and community development. ## **Achievements and performance** Exam results for Summer 2023: GCSE exam results: 6 students scored 9 in Cantonese, 3 scored 9 in Mandarin, 1 scored 8 and 1 scored 7 in Mandarin. 100% A-A* result. All classes from reception to GCSE level are running. Children's dance classes and adult dance classes are running. A little Chinese library with over 100 children's story books is running for parent to borrow. A Chinese New Year event was held for 2023. ## **Financial review** The net receipts for the year were £108, all of which were unrestricted in nature. ## **Reserves policy** The charity's free reserves, at the year end were £133,605. The charities reserves policy is to maintain reserves at a minimum of 1 year and a maximum of 2 years' worth of annual expenditure, factoring in a 10% inflation rate. Based on the annual expenditure for 2022/23 financial year, this means reserves would be in the range of approximately £42k and £91k. The trustees acknowledge the current reserves are in excess of the maximum by approximately £42k and are committed to strategically allocating funds for impactful initiatives, including teacher retention scheme, additional management team hours for handling increased workload, training and development, cultural events, school outings, equipment upgrades and accessibility initiatives, as well as a 10% contingency for unforeseen expenses. Approved by the board of trustees on 8/3/2024 Fiona Kit (Trustee) 3 ## Leeds Chinese Community School ## Independent examiner's report to the trustees of Leeds Chinese Community School I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023, which are set out on pages 5 to 8. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Kay Sargeant ACA 2/4/2023 ## **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW 4 ## Leeds Chinese Community School ## Receipts and payments account ## for the year ended 31 August 2023 |Notes
**Receipts**
Grants and donations
(2)
Tuition fees
Other fees and charges
Events and activities
Exam fees
Bank interest
Rent refund
**Total receipts**
**Payments**
Freelance, volunteer staff and related costs
Travel
Printing and stationery
Books and publications
Membership fees
Insurance
Independent examination
Bookkeeping
Equipment
Food
DBS checks
Rent and room hire
Exam fees
Events and activities
Other administrative costs
Awards and prizes
Online teaching costs
**Total payments**
**Net receipts / (payments)**
**Fund balances brought forward**
**Fund balances carried forward**
(3)|2023
Total
funds
£
2,022
31,959
42
3,080
672
107
-
37,882
16,371
205
251
2,670
-
815
384
450
799
1,850
192
7,203
2,919
1,135
413
1,775
342
37,774
108
133,497
133,605|2022
Total
funds
£
13,707
25,423
359
804
-
4
2,041
42,338
16,142
31
147
1,372
395
789
330
420
1,012
1,155
24
40
629
1,047
536
16
628
24,713
17,625
115,872
133,497| |---|---|---| 5 ## Leeds Chinese Community School Statement of assets and liabilities |as at 31 August 2023
**Cash funds**
Cash at bank
**Total cash funds**
**Debtors and prepayments**
Prepayments
**Assets retained for the charity's own use**
Various mobile phones and laptops
Classroom equipment
**Liabilities**
Accruals|2023
Total
£
133,605
133,605
2023
£
136
136
2023
£
495
495|2022
Total
£
133,497
133,497| |---|---|---| The financial statements were approved by the board of trustees on 8/3/2024 Fiona Kit (Trustee) 6 ## Leeds Chinese Community School ## Notes to the accounts for the year ended 31 August 2023 ## **1 Accounting policies** ## **Basis of accounting** The trustees have taken advantage of section 133 of the Charities Act 2011 and have prepared the accounts on a receipts and payments basis. There has been no change to the accounting policies since last year. No changes have been made to the accounts for previous years. ## **Taxation** As a charity the organisation benefits from rates relief and is generally exempt from income tax and capital gains tax but not from VAT. Irrecoverable VAT is included in the cost of those items to which it relates. ## **Fund accounting** Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. 7 ## Leeds Chinese Community School ## Notes to the accounts continued ## for the year ended 31 August 2023 |**2 Grants and donations**
Chinese Language & Culture Educat'n of China
University of Leeds
Other grants and donations|2023
Total
funds
£
-
-
2,022
2,022|2022
Total
funds
£
11,968
500
1,239
13,707| |---|---|---| ## **3 Related party transactions** ## **Trustee expenses** During the year 7 trustees were paid a total of £2,439 in respect of teaching and travel expenses. ## **Trustee remuneration and benefits** |**Details of remuneration and benefits**
**Name of trustee or related party**
**Legal authority**
Bei Gao (Exam fees/GCSE teaching)
Governing document
Yan Chu (Freelance A Level teaching)
Governing document|2023
£
1,000
-
1,000|2022
£
500
1,350
1,850| |---|---|---| 8 ## Leeds Chinese Community School ## Independent examiner's report to the trustees of Leeds Chinese Community School I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 August 2023, which are set out on pages 5 to 8. ## **Responsibilities and basis of report** As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the charity's accounts as carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the charity as required by section 130 of the Charities Act; 2 the accounts do not accord with those records. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: …………………………………… Name: Kay Sargeant ACA 2/4/2023 ## **West Yorkshire Community Accountancy Service CIO** Stringer House 34 Lupton Street Leeds LS10 2QW 4