Charity registration number: 702345
Wirral Chinese Association Annual Report and Financial Statements for the Year Ended 31 March 2021
Kingham Accountancy Limited Chartered Accountants 3-5 Nelson Street Liverpool L1 5DF
## **Wirral Chinese Association**
## **Contents**
**----- Start of picture text -----**
Reference and Administrative Details 1 to 2
Trustees' Report 3
Accountant's Report 4
Statement of financial activities 5
Balance Sheet 6
Notes to the financial statements 7 to 11
The following pages do not form part of the statutory financial statements:
Statement of financial activities per fund 12 to 14
**----- End of picture text -----**
## **Reference and Administrative Details**
**Charity name** Wirral Chinese Association **Charity registration number** 702345 **Principal office** Kingham Chambers 5 Nelson Street Liverpool L1 5DW **Place of Business** Wirral Change St Laurence's School St Laurence Drive Birkenhead CH41 3JD **Trustees** Ms Po Chuen Rita Lee, Chairperson (appointed on 21/02/2021) Ms Qian Li, Vice Chairperson Mr Steve Tam, Treasurer Ms Cathy Soo Chi Chung, Secretary (appointed 14/02/2021) Mr Stanley Chou Mrs Anne Choi Ha Jou Mrs Tieu Binh Tien Mrs Czarina Chou Ms Helen Koo Ms Wendy Zhuyun Shen Mr John Y C Yung (appointed on 21/02/2021) Mr Yuen Kim Yung (appointed on 21/02/2021)
Page 1
## **Reference and Administrative Details**
_......... continued_ **Chairperson Accountants**
Ms Po Chuen Rita Lee (appointed on 21/02/2021)
Kingham Liverpool Limited 3-5 Nelson Street Liverpool L1 5DF
Page 2
## **Wirral Chinese Association**
## **Trustees' Report**
2020/21 was a very challenging year for Wirral Chinese Association (WCA) because of the Covid-19 pandemic. This impacted us negatively, but we sought to overcome these challenges.
The WCA has five main groups: the Chinese School, Luncheon Club, Women’s Group, Cultural Group and Youth Group. We are passionate about supporting the whole Chinese community, whatever their age or backgrounds. The WCA has been established for over 30 years and it is one of the oldest community organisations in the Wirral. We have a great legacy, and we wish to continue this.
This year, we focussed on the elderly because the Covid-19 pandemic increased their already high risk of loneliness and isolation. We delivered care packages to the Chinese elderly on six occasions. The care packages also had specially designed cards created by our Chinese School children during the Christmas and Lunar New Year competitions. We loved bringing together the different generations of our community. The elderly thanked us so much for our concern and care during the pandemic.
Since September 2021 our members have started meeting face-to-face, which was a time of great joy after the pandemic restrictions. We plan to restart the Youth Group soon. Our work was supported by a successfully funding application from the Lottery Community Fund.
WCA had a comprehensive strategic review in 2019/20. The WCA needed a new vision and direction so that we could be more proactive, progressive, and dynamic. The WCA wishes to be a more independent organisation with a vision to provide social and health support to the Chinese Community in Wirral.
We started a new strategic partnership with Wirral Change (WC) to realise the new vision. During the year, we completed a move to the WC building so that we could work more closely.
Finally, I would like to take this opportunity to thank the contribution of our new committee members and our supporters. We are looking forward to supporting our community in the Wirral.
Approved by the Trustees on 02 November 2021 and signed on their behalf by:
Ms Po Chuen Rita Lee Chair of WCA
Page 3
## **Independent Examiner's Report to the Trustees of Wirral Chinese Association**
I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 6 to 12.
## **Respective responsibilities of trustees and examiner**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements:
- to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kingham Liverpool Limited Kingham & Co Chartered Accountants
Kingham Chambers 3-5 Nelson Street Liverpool, L1 5DW
> 02 November 2021
Page 4
## **Wirral Chinese Association**
## **Statement of Financial Activities for the Year Ended 31 March 2021**
|**Incoming resources**
Incoming resources from generated
funds
Activities for generating funds
Total incoming resources
**Resources expended**
Costs of generating funds
Costs of generating voluntary
income
Fundraising trading: cost of goods
sold and other costs
Total resources expended
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
**Note**
3
4
4|**Unrestricted**
**Funds**
**£**
18,710
18,710
-
16,521
16,521
2,189
22,517
24,706|**Restricted**
**Funds**
**£**
10,000|**Total Funds**
**2021**
**£**
28,710
28,710
-
25,758
25,758
2,952
24,232
27,184|**Total Funds**
**2020**
**£**
31,454|
|---|---|---|---|---|
|||10,000||31,454|
|||-
9,237||12,702
13,307|
|||9,237||26,009|
|||763
1,715
2,478||5,445
18,787
24,232|
All incoming resources and resources expended derive from continuing activities.
The charity has no recognised gains or losses for the year other than the results above.
The notes on pages 8 to 12 form an integral part of these financial statements.
Page 5
## **Wirral Chinese Association**
## **Balance Sheet as at 31 March 2021**
|**due within one year**
9
**Net current assets**
**Net assets**
**The funds of the charity:**
**Restricted funds**
**Unrestricted funds**
Unrestricted income funds
**Total charity funds**
**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Cash at bank and in hand
**Creditors: Amounts falling**|**2021**
(9,219)
27,184
27,184
2,478
24,706
27,184
**£**
**£**
-
36,403|**2020**
(19,074)
23,470
24,232
1,715
22,517
24,232
**£**
**£**
762
42,544|**2020**
(19,074)
23,470
24,232
1,715
22,517
24,232
**£**
**£**
762
42,544|
|---|---|---|---|
||||24,232|
||||1,715
22,517|
||||24,232|
Approved by the Board on 02 November 2021 and signed on its behalf by:
Ms Po Chuen Rita Lee
Chair of WCA
The notes on pages 8 to 12 form an integral part of these financial statements. Page 6
## **Wirral Chinese Association**
## **Notes to the Financial Statements for the Year Ended 31 March 2021**
## **1 Accounting policies**
## **Basis of preparation**
The financial statements have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities (SORP 2005)', issued in March 2005, applicable accounting standards and the Charities Act 2011.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Further details of each fund are disclosed in note 11.
## **Incoming resources**
Income derived from events is recognised as earned (that is, as the related goods or services are provided).
## **Resources expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
## **Fixed assets**
Individual fixed assets costing £0 or more are initially recorded at cost.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Plant and machinery 15% Reducing Balance Office equipment 25% Reducing Balance
## **Operating leases**
Rentals payable under operating leases are charged in the statement of financial activities on a straight line basis over the lease term.
## **2 Grants receivable**
||**Unrestricted**|**Restricted**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|
||**Funds**|**Funds**|**2021**|**2020**|
||**£**|**£**|**£**|**£**|
|Grants|-|10,000|10,000|6,890|
Page 7
_......... continued_
## **3 Activities for generating funds**
|**Operating activity 1**
Donations
Grants
Food Sales
Chinese New Year|**Unrestricted**
**Funds**
**£**
18,710
-
-
-|**Restricted**
**Funds**
**£**
-
10,000
-
-|**Total Funds**
**2021**
**£**
18,710
10,000
-
-|**Total Funds**
**2020**
**£**
11,225
6,890
6,209
7,130|
|---|---|---|---|---|
||18,710|10,000|28,710|31,454|
## **4 Total resources expended**
|**Direct costs**
Cost of goods sold
Travelling
Repairs and maintenance
Office expenses
Printing, posting and stationery
Subscriptions and donations
Sundry and other costs
Accountancy fees
Legal and professional costs
Depreciation of tangible fixed assets|**Operating**
**activity 1**
**£**
5,449
100
1,515
340
1,777
5,924
228
600
9,063
762
25,758|**Total**
**£**
5,449
100
1,515
340
1,777
5,924
228
600
9,063
762|
|---|---|---|
|||25,758|
- **5 Trustees' remuneration and expenses**
No trustees received any remuneration during the year.
Page 8
_......... continued_
## **6 Net (outgoing)/incoming resources**
Net (outgoing)/incoming resources is stated after charging:
|Hire of other assets - operating leases
Depreciation of owned assets
**Employees' remuneration**
The aggregate payroll costs of these persons were as follows:
Wages and salaries|**2021**
**£**
-
762
**2021**
**£**
-|**2020**
**£**
1,800
254|
|---|---|---|
|||**2020**
**£**
5,220|
## **7 Employees' remuneration**
No employee received emoluments of more than £60,000 during the year (2020 - No. 0).
Page 9
_......... continued_
## **8 Tangible fixed assets**
|**Cost**
As at 1 April 2020 and 31 March 2021
**Depreciation**
As at 1 April 2020
Charge for the year
As at 31 March 2021
**Net book value**
As at 31 March 2021
As at 31 March 2020|**Plant and**
**machinery**
**including**
**motor vehicles**
**£**
4,477
4,477
-
4,477
-
-|**Fixtures,**
**fittings and**
**equipment**
**£**
3,633
2,871
762
3,633
-
762|**Total**
**£**
8,110|
|---|---|---|---|
||||7,348
762|
||||8,110|
||||-
762|
## **9 Creditors: Amounts falling due within one year**
|Other creditors
Accruals and deferred income|**2021**
**£**
-
9,219
9,219|**2020**
**£**
800
18,274
19,074|
|---|---|---|
Page 10
_......... continued_
## **10 Related parties**
## **Controlling entity**
The charity is controlled by the trustees.
## **11 Analysis of funds**
|**General Funds**
WCA General
**Restricted Funds**
Luncheon Club
Coronavirus|**At 1 April**
**2020**
**£**
22,517
1,715
-
1,715
24,232|**Incoming**
**resources**
**£**
18,710
|**Resources**
**expended**
**£**
(16,521)
-
(9,237)
(9,237)
(25,758)|**At 31**
**March 2021**
**£**
24,706|
|---|---|---|---|---|
|||-
10,000||1,715
763|
|||10,000||2,478|
|||28,710||27,184|
## **12 Net assets by fund**
|Tangible assets
Current assets
Creditors: Amounts falling due
within one year
Net assets|**Unrestricted**
**Funds**
**£**
-
36,403
(9,219)
27,184|**Restricted**
**Funds**
**£**
-
-
-/
-/|**Total Funds**
**2021**
**£**
-
36,403
(9,219)
27,184|**Total Funds**
**2020**
**£**
762
42,544
(19,074)
24,232|
|---|---|---|---|---|
Page 11
## **Wirral Chinese Association**
## **Statement of financial activities by fund Year Ended 31 March 2021**
|**Incoming resources**
Incoming resources from generated funds
Activities for generating funds
Total incoming resources
**Resources expended**
Costs of generating funds
Costs of generating voluntary income
Fundraising trading: cost of goods sold and other costs
Total resources expended
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**WCA**
**General**
**2021**
**£**
18,710
18,710
-
16,521
16,521
2,189
22,517
24,706|**WCA**
**General**
**2020**
**£**
19,495|
|---|---|---|
|||19,495|
|||12,702
3,063|
|||15,765|
|||3,730
18,787
22,517|
This page does not form part of the statutory financial statements.
Page 12
## **Wirral Chinese Association**
## **Statement of financial activities by fund Year Ended 31 March 2021**
|_......... continued_
**Incoming resources**
Incoming resources from generated funds
Activities for generating funds
Total incoming resources
**Resources expended**
Costs of generating funds
Fundraising trading: cost of goods sold and other costs
Total resources expended
Net movements in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|**Luncheon**
**Club**
**2021**
**£**
-
-
-
-
-
1,715
1,715|**Luncheon**
**Club**
**2020**
**£**
10,909
10,909
9,194|
|---|---|---|
|||9,194|
|||1,715
-
1,715|
This page does not form part of the statutory financial statements.
Page 13
## **Wirral Chinese Association**
## **Statement of financial activities by fund Year Ended 31 March 2021**
|_......... continued_
**Incoming resources**
Incoming resources from generated funds
Activities for generating funds
Total incoming resources
**Resources expended**
Costs of generating funds
Fundraising trading: cost of goods sold and other costs
Total resources expended
**Reconciliation of funds**
Total funds carried forward|**Coronavirus**
**2021**
**£**
10,000
10,000
9,237
9,237
763|**Coronavirus**
**2020**
**£**
1,050|
|---|---|---|
|||1,050|
|||1,050|
|||1,050|
|||-|
This page does not form part of the statutory financial statements.
Page 14