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.
Page 3
_......... 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
- (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|
|---|---|---|---|---|
Page 8
_......... continued_
## **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
_......... continued_
- **5 Trustees' remuneration and expenses**
No trustees received any remuneration during the year.
Page 10
_......... 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|**2024**
**£**
-
**2024**
**£**
5,308|**2023**
**£**
-|
|---|---|---|
|||**2023**
**£**
-|
No employee received emoluments of more than £60,000 during the year (2023 – No. 0)
Page 11
_......... continued_
## **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
_......... continued_
## **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|
|---|---|---|---|---|
Page 13