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
Page 1
## **Reference and Administrative Details**
_......... continued_
**Chairperson** Ms Po Chuen Rita Lee **Accountants** Kingham Liverpool Limited 3-5 Nelson Street Liverpool L1 5DF
Page 2
**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:
- 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
27 January 2023
Page 4
## **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.
Page 5
## **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|
|---|---|---|---|---|
Page 7
_......... continued_
## **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.
Page 8
## _......... continued_
## **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)
Page 9
_......... continued_
## **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|
|---|---|---|
Page 10
_......... continued_
## **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|
Page 11