Charity registration number: 702345
Wirral Chinese Association
Annual Report and Financial Statements for the Year Ended 31 March 2024
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 to 4 |
| Accountant's Report | 5 |
| Statement of financial activities | 6 |
| Balance Sheet | 7 |
| Notes to the financial statements | 8to 13 |
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 | Mrs Anne Jou, Honorary President |
| Ms Po Chuen Rita Lee, Chairperson | |
| Mrs Cathy Chung, Vice Chair | |
| Ms Po Yi Fung, Secretary | |
| Mr Steve Tam, Treasurer | |
| Ms Helen Koo, Vice Treasurer | |
| Ms Tieu Binh Tien | |
| Ms Wendy Zhu Yun Shen | |
| Mr Kim Yung | |
| Ms Emily Pun | |
| Ms Wing Shuen Sibyl Wong | |
| Ms Lam Chan | |
| Ms Wai Kwan Tsang |
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 2023 to 2024
2023/24 was a very exciting, rewarding and challenging year for Wirral Chinese Association (WCA).
We celebrated our 35[th] anniversary in November 2023. It is a milestone for our charity, and it is a privilege and honour to acknowledge that WCA is the oldest and successful charity for Chinese community in Wirral.
Our charity has now faced another new challenge. Over 300 new Chinese families have moved to Wirral since early 2021. It is a very substantial increase of membership in our Chinese community.
Our charity has been supporting new families in settling down in a “new” country e.g. providing tailor made English language classes, employment seminars, and daily life in UK etc.
We note that some families with young children and aged parents have started to encounter some financial stresses due to high unemployment rate. We have run a peer support group for them to share their concerns and problems about jobs and finances promoting their mental wellbeing.
We have been running English Corner for new migrants (all welcome in fact) boosting their confidence in speaking English. The classes (online and classroom) have been very successful, and they are always oversubscribed.
Our luncheon club has been very active and busy due to increasingly popular among our members. We have added extra values to our weekly gathering including chair exercise, seminars and talks. We have also added digital workshops after lunch events. It basically teaches or shows how to use various digital devices including mobile phone. This workshop has been very popular among pensioners.
The Luncheon Club organised two daytrips in this financial year.
Students in our Chinese School performed well. Being a community school, we welcome students from different academic levels. The teachers and staff worked hard to design the teaching plans to meet their studying needs and to enhance their motivation of learning Chinese. We are proud of supporting our students from various ages and backgrounds in the journey of studying Chinese.
During the Cost-of-Living crises, our charity managed to secure some funding to support our community especially the pensioners and vulnerable groups. Thanks to Wirral Borough Council for their support.
Due to increasing workload, we have managed to secure part funding from John Moore Foundation to employ a full-time worker. The job title is Resource Manager and his main responsibility to co-ordinate resources within our charity to support all types of activities. Special thanks to John Moore Foundation for their generosity. Our charity has been very successful in extending our network of partnerships with local organisations including Liverpool City Region, Community Foundation, Manchester City Council, Eureka Museum, Port Sunlight Village and Heswall Scouts Cub.
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......... continued
We carried out various jointed projects with our partners e.g. Chinese New Year celebration, Eco Garden etc.
We are particularly privileged to take part in consultation papers regarding Vision of Liverpool City Region on many subjects eg housing, transport, tourism etc.
Finally, I take this opportunity in thanking our committee members, members of WCA, volunteers, helpers, supporters, partners for their contribution and support. I would like to express our special gratitude to John Moore Foundation, Wirral Borough Council, Community Foundation, Liverpool City Region, Manchester City Council and Pine Court Housing for supporting WCA and allowing us to participate in their projects.
I look forward to another successful year in 2024-2025.
Rita Lee
Chair of Wirral Chinese Association
Page 4
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 2024, 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
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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 Date 20/09/2024
Kingham Chambers 3-5 Nelson Street Liverpool, L1 5DW
Page 5
Wirral Chinese Association
Statement of Financial Activities for the Year Ended 31 March 2024
| 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 £ - 61,584 61,584 - 21,418 21,418 40,166 40,166 75,318 115,484 |
Restricted Funds £ 26,800 - 26,800 - 25,994 25,994 806 806 0 806 |
Total Funds 2024 Total Funds 2023 £ £ 26,800 25,000 61,584 33,511 88,384 58,511 - - 47,412 40,380 47,412 40,380 40,972 18,131 40,972 18,131 75,318 57,187 116,290 75,318 |
Total Funds 2024 Total Funds 2023 £ £ 26,800 25,000 61,584 33,511 88,384 58,511 - - 47,412 40,380 47,412 40,380 40,972 18,131 40,972 18,131 75,318 57,187 116,290 75,318 |
|---|---|---|---|---|
| 58,511 | ||||
| - 40,380 |
||||
| 40,380 | ||||
| 18,131 | ||||
| 18,131 | ||||
| 57,187 | ||||
| 75,318 |
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 13 form an integral part of these financial statements.
Page 6
Wirral Chinese Association
Balance Sheet as at 31 March 2024
| 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 12 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 2024 Total 2023 £ £ £ £ £ - - - - - |
|---|---|
| - - - - - |
|
| 117,284 2,454 - 119,738 76,518 |
|
| 117,284 2,454 - 119,738 76,518 |
|
| 1,800 1,648 - 3,448 1,200 |
|
| 115,484 806 - 116,290 75,318 |
|
| 115,484 806 - 116,290 75,318 |
|
| - - - - - - 806 - 806 - 55,484 - - 55,484 25,318 60,000 - - 60,000 50,000 |
|
| 115,484 806 - 116,290 75,318 |
Approved by the Board on 25/09/2024 and signed on its behalf by:
Ms Po Chuen Rita Lee
Chair of WCA
The notes on pages 8 to 13 form an integral part of these financial statements. Page 7
Wirral Chinese Association
Notes to the Financial Statements for the Year Ended 31 March 2024
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 £ 26,800 |
Total Funds 2024 £ 26,800 |
Total Funds 2023 £ 25,000 |
|---|---|---|---|---|
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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 Wages and salaries 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 £ £ 61,584 - - - 61,584 - WCA General Restricted Funds (Cost of Living Project) £ £ 20,089 14,742 - 231 - 927 63 - 282 84 89 4 190 6 105 - 600 - - - -- - 26,726 15,994 |
Unrestricted Restricted Funds Funds £ £ 61,584 - - - 61,584 - WCA General Restricted Funds (Cost of Living Project) £ £ 20,089 14,742 - 231 - 927 63 - 282 84 89 4 190 6 105 - 600 - - - -- - 26,726 15,994 |
Restricted Funds £ - - |
Total Funds 2024 £ 61,854 - 61,584 Restricted Funds (BNO Project) £ 2,916 164 4,381 157 239 469 1,674 - - - - |
Total Funds 2023 £ 27,792 5,719 33,511 Total £ 37,747 395 5,308 220 605 562 1,870 105 600 - - |
|---|---|---|---|---|---|
| - | |||||
| 26,726 15,994 |
10,000 | 47,412 |
Page 9
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- 5 Trustees' remuneration and expenses
No trustees received any remuneration during the year.
Page 10
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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 |
2024 £ - 2024 £ 5,308 |
2023 £ - |
|---|---|---|
| 2023 £ - |
No employee received emoluments of more than £60,000 during the year (2023 – No. 0)
Page 11
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8 Tangible fixed assets
| Plant and machinery including motor vehicles £ Cost As at 1 April 2023 Disposals As at 31 March 2024 Depreciation As at 1 April 2023 Eliminated on disposal As at 31 March 2024 Net book value As at 31 March 2023 As at 31 March 2024 - - - - - - - - |
Fixtures, fittings and equipment £ - - - - - - - - |
Total £ - - |
|---|---|---|
| - | ||
| - - |
||
| - | ||
| - | ||
| - |
9 Creditors: Amounts falling due within one year
| Other creditors Accruals and deferred income |
2024 £ 1,648 1,800 3,448 |
2023 £ - 1,200 |
|---|---|---|
| 1,200 |
Page 12
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10 Related parties
Controlling entity
The charity is controlled by the trustees.
11 Analysis of funds
| Unrestricted Funds WCA General Designated Property Fund Restricted Funds Cost of Living Projects BNO Projects |
At 1 April Incoming Resources At 31 2023 resources expended Transfers March 2024 £ £ £ £ 25,318 61,584 (21,418) (10,000) 55,484 50,000 - - 10,000 60,000 |
|---|---|
| 75,318 61,584 (21,418) - 115,484 |
|
| - 16,800 (15,994) - 1,733 - 10,000 (10,000) - 4,381 |
|
| - 26,800 (25,994) - 806 |
|
| 75,318 88,384 (47,412) - 116,290 |
12 Net assets by fund
| Tangible assets Current assets Creditors: Amounts falling due within one year Net assets |
Unrestricted Funds £ - 117,284 (1,800) 110,176 |
Restricted Funds £ - 2,454 (1,648) 806 |
Total Funds 2024 £ - 119,738 (3,448) 116,290 |
Total Funds 2023 £ - 76,518 (1,200) 75,318 |
|---|---|---|---|---|
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