Charity registration number: 702345
Wirral Chinese Association
Annual Report and Financial Statements for the Year Ended 31 March 2022
Kingham Liverpool Limited Chartered Accountants 3-5 Nelson Street Liverpool L1 5DF
Wirral Chinese Association
Contents
| Reference and Administrative Details | 1to 2 |
|---|---|
| Trustees' Report | 3 |
| Accountant's Report | 4 |
| Statement of financial activities | 5 |
| Balance Sheet | 6 |
| Notes to the financial statements | 7 to 11 |
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 Ms Qian Li, Vice Chairperson (resigned 18th Dec 2021) Mr Steve Tam, Treasurer Ms Cathy Soo Chi Chung, Secretary 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 Mr Yuen Kim Yung
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Reference and Administrative Details
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Chairperson Ms Po Chuen Rita Lee Accountants Kingham Liverpool Limited 3-5 Nelson Street Liverpool L1 5DF
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W C A WIRRAL CHINESE ASSOCIATION Chair’s Report 2021 to 2022
Wirral Chinese Association (WCA) has been serving the Chinese community as a registered charity since 1988. What a privilege and honour we have!
The Covid 19 pandemic has brought a hugely negative impact to our community and the world. However, sustaining the passion and legacy of WCA, as a charity, we worked very hard supporting our community - especially the elderly and vulnerable families suffering loneliness and isolation. We successfully reopened our Luncheon Club (and other activities) for the elderly as soon as the lockdown was eased in 2021. In addition to providing hot and delicious meals in a comfortable environment for them to meet friends, we have been holding talks regarding health and arranged for demonstrations of chair-based exercises to help their social, physical, and mental health wellbeing.
For our WCA Chinese School we organised a greeting card competition for Christmas and the Chinese New Year (Year of the Tiger) in December 2021 and February 2022 respectively. The special cards designed by the children were delivered to the elderly in our community. We also included other minority groups in Wirral. Essentially our school children were delivering a very important message to the community after such a long period of isolation – WCA cares and we are here to help and support them.
Since the British National Overseas (BN(O)) Special Visas have been issued in January 2021, our charity has now faced another new challenge. Over 300 (still rising) families with BN(O) status have moved from Hong Kong to the Wirral since early 2021. It is a substantial increase of membership in our Chinese community. Our charity has been supporting the families in settling down in a “new” country e.g. providing tailor made English language classes and access to the main-stream services of Liverpool City Region.
Moreover, we note that most BN(O) families with young children and aged parents have started to encounter some financial stress. We will continue to support them with our peer support group sharing their concerns and problems about jobs and finances in order to promote their mental wellbeing.
Finally, I would like to take this opportunity in thanking our committee members and the supporters. A special thanks to Lottery and Wirral Borough Council. They kindly supported our projects supporting elderly and vulnerable groups during (and after) pandemic.
We look forward to continuing our good work supporting our community in the Wirral and the Liverpool City Region in the coming years.
Rita Lee
Chair of WCA
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 2022, 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:
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examine the accounts under section 145 of the 2011 Act;
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follow the procedures laid down in the General Directions given by the Charity Commission under section 145 (5) (b) of the 2011 Act; and
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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:
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(1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
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(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
27 January 2023
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Wirral Chinese Association
Statement of Financial Activities for the Year Ended 31 March 2022
| Incoming resources Income and endowments from: Donations and legacies Charitable activities Total incoming resources Resources expended Expenditure on: Raising funds Charitable activities Total resources expended Net income/(expenditure) Net movements in funds Reconciliation of funds Total funds brought forward Total funds carried forward Note 2 3 4 4 |
Unrestricted Funds £ - 37,938 37,938 - 10,798 10,798 27,140 27,140 26,421 53,561 |
Restricted Funds £ 25,000 - 25,000 - 22,137 22,137 2,863 2,863 763 3,626 |
Total Funds 2022 £ 25,000 37,938 62,938 - 32,935 32,935 30,003 30,003 27,184 57,187 |
Total Funds 2021 £ 10,000 18,710 |
|---|---|---|---|---|
| 28,710 | ||||
| - 25,758 |
||||
| 25,758 | ||||
| 2,952 | ||||
| 2,952 | ||||
| 24,232 27,184 |
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 7 to 11 form an integral part of these financial statements.
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Wirral Chinese Association
Balance Sheet as at 31 March 2022
| Note Fixed assets Tangible assets 8 Total fixed assets Current assets Cash at bank and in hand Total current assets Creditors: amounts falling due within one year 9 Net current assets/(liabilities) Total assets less current liabilities Funds of the Charity 11 Endowment funds Restricted income funds 11 Unrestricted funds – Non-designated funds 11 Designated funds 11 Total funds |
Unrestricted funds Restricted income funds Endowment funds Total 2022 Total 2021 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - |
|
| 54,161 3,626 - 57,787 36,403 |
|
| 54,161 3,626 - 57,787 36,403 |
|
| 600 - - 600 9,219 |
|
| 53,561 3,626 - 57,187 27,184 |
|
| 53,561 3,626 - 57,187 27,184 |
|
| - - - - - - 3,626 - 3,626 2,478 23,561 - - 23,561 24,706 30,000 - - 30,000 - 53,561 3,626 - 57,187 27.184 |
Approved by the Board on 27 January 2023 and signed on its behalf by:
Ms Po Chuen Rita Lee
Chair of WCA
The notes on pages 7 to 11 form an integral part of these financial statements. Page 6
Wirral Chinese Association
Notes to the Financial Statements for the Year Ended 31 March 2022
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 (FRS102))', issued in January 2019, 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 £1,000 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 Donations and legacies
| Grants | Unrestricted Funds £ - |
Restricted Funds £ 25,000 |
Total Funds 2022 £ 25,000 |
Total Funds 2021 £ 10,000 |
|---|---|---|---|---|
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3 Receipts from charitable activities
| Income and Donations Food Sales 4 Resources expended Direct costs Cost of goods sold Travel and subsistence 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 |
Unrestricted Restricted Funds Funds £ £ 35,923 - 2,015 - 37,938 - Luncheon Club WCA General £ £ 1,379 - - - - - - - - - - - - 360 - 600 - 4,880 - - 1,379 5,840 |
Unrestricted Restricted Funds Funds £ £ 35,923 - 2,015 - 37,938 - Luncheon Club WCA General £ £ 1,379 - - - - - - - - - - - - 360 - 600 - 4,880 - - 1,379 5,840 |
Total Funds Total Funds 2022 2021 £ £ 35,923 18,710 2,015 - 37,938 18,710 Chinese School Restricted Funds (Covid Projects) Total £ £ £ 3,374 19,507 24,260 - 1,030 1,030 - - - 13 1,231 1,244 168 110 278 - - - 23 260 643 - - 600 - - 4,880 - - - |
|---|---|---|---|
| 1,379 5,840 |
3,578 22,138 32,935 |
5 Trustees' remuneration and expenses
No trustees received any remuneration during the year.
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6 Net (outgoing)/incoming resources
Net (outgoing)/incoming resources is stated after charging:
| Depreciation of owned assets 7 Employees' remuneration The aggregate payroll costs of these persons were as follows: Wages and salaries |
2022 £ - 2022 £ - |
2021 £ 762 |
|---|---|---|
| 2021 £ - |
No employee received emoluments of more than £60,000 during the year (2021 - No. 0)
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8 Tangible fixed assets
| Plant and machinery including motor vehicles £ Cost As at 1 April 2021 Disposals As at 31 March 2022 Depreciation As at 1 April 2021 Eliminated on disposal As at 31 March 2022 Net book value As at 31 March 2022 As at 31 March 2021 4,477 (4,477) - 4,477 (4,477) - - - |
Fixtures, fittings and equipment £ 3,633 (3,633) - 3,633 (3,633) - - - |
Total £ 8,110 (8,110) |
|---|---|---|
| - | ||
| 8,110 (8,110) |
||
| - | ||
| - - |
9 Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2022 £ - 600 600 |
2021 £ - 9,219 9,219 |
|---|---|---|
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10 Related parties
Controlling entity
The charity is controlled by the trustees.
11 Analysis of funds
| Unrestricted Funds WCA General Luncheon Club Chinese School Designated Property Fund Restricted Funds Coronavirus Projects |
At 1 April Incoming Resources At 31 2021 resources expended Transfers Mar-22 £ £ £ £ 24,706 11,760 (5,841) (30,000) 625 1,715 2,015 (1,379) - 2,351 - 24,163 (3,578) - 20,585 - - - 30,000 30,000 |
|---|---|
| 26,421 37,938 (10,798) - 53,561 |
|
| 763 25,000 (22,137) - 3,626 |
|
| 763 25,000 (22,137) - 3,626 |
|
| 27,184 62,938 (32,935) - 57,187 |
12 Net assets by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ - 24,161 (600) 23,561 |
Restricted Funds £ - 33,626 -/ 33,626/ |
Total Funds 2022 £ - 57,787 (600) 57,187 |
Total Funds 2021 £ - 36,403 (9,219) |
|---|---|---|---|---|
| 27,184 |
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