Charity registration number: 702345 Wirral 2WCÃ WIRRAL CHINESE ASSOCIATION TRUSTEES' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • OSCAR IP & CO Chartered Accountants Ip's Associates Limited 23 Argyle Street Liverpool L1 5BL
Wirral Chinese Association Contents Trustees' Report Independent Examiner's Report Statement of Financial Activities (including Income and Expenditure Account) Comparative Statement of Financial Activities (including Income and Expenditure Account) Balance Sheet Notes to the Financial Statements The following pages do not form part of the statutory accounts: Detailed Statement of Financial Activities (including Income and Expenditure Account) Page 1-3 4 5 6 7 8-12 13-14
Wirral Chinese Association Company No. Trustees' Report For The Year Ended 31 March 2025 The trustees present their report and the financial statements for the year ended 31 March 2025 Achievements and Performance Main Achievements Wirral Chinese Association (WCA) had achieved a successful year in 2024-2025. Being one of the "oldest" charities for Chinese community in Wirral and our good track record, we have established an excellent reputation throughout the Liverpool City Region. Ve are the first point of contact for new migrants from China, Hong Kong and Far East. In many respec ur charity is the "meeting" point for new and old Chinese migrants in Wirral and surrounding are: Over 300 (still rising) families with British National Sive 225 1, Nu) Sats hostes dave moe leo one s sira. i saesar increase of memberships in our Chinese community Our charity has been supporting families in settling down in a "new" country e.g. providing tailor made English language classes and access to mainstream services by local authority. and day trips. We aim to provide a comprehensive package to improve general wellbeing of our members. Our Chinese School also provides a significant role of flourishing Chinese language and culture to our next generations and of enhancing the connection with the local community through our regular language classes and cultural events. We extend our networking and partnership with other local organisations such as the Liverpool City Region Office, Wirral Council for Voluntary Service, Eureka Museum and Wirral Change etc Our charity has been invited to take part in a number of projects by various local agencies involving policies evaluation and consultation. WCA feels privileged to be involved because it is important that our views should be considered by the policy makers in Liverpool City Region. Foreseeing the increasing needs and demands of our community, we have adopted a new strategics to See arrest supporting community by recruiting more volunteers plus training. We provid internal and external training to our volunteers e.g. accredited courses such as Chair-based exercises and Certificate Level 2 Information Advice & Guidance. WCA is an independent charity with a simple vision to provide quality social, and health supports to the Chinese Community in Wirral. Finally, I would like to take this opportunity to thank all our committee members, volunteers and supporters for their tremendous support and contribution. We look forward to more successful years to come. Rita Lee Rita Lee Chair of WCA Reference and Administrative Details Trustees Mrs Anne Jou - Honorary President (appointed 26/11/2024) Ms Po Chuen Rita Lee - Chairperson (appointed 26/11/2024) Page 1
Wirral Chinese Association Trustees' Report (continued For The Year Ended 31 March 202 Mrs Cathy Chung - Vice Chair (appointed 26/11/2024) Mr Hok Leung Tam - Treasurer (appointed 26/11/2024) Ms Helen Wing Yee Koo - Vice Treasurer (appointed 26/11/2024) Ms Po Yi Fung - Secretary (appointed 26/11/2024) Ms Lam Chan (appointed 26/11/2024) Ms Emily Pun (appointed 26/11/2024) Ms Wendy Zhu Yun Shen (appointed 26/11/2024) Ms Wai Kwan Tsang (appointed 26/11/2024) Mr Tieu Binh Tien (appointed 26/11/2024) Ms Wing Shuen Sibyl Wong (appointed 26/11/2024) Mr Kim Yung (appointed 26/11/2024) Company Secretaries Ms Soo Chi Chung (appointed 26/11/2024) Ms Po Yi Fung (appointed 26/11/2024) Ms Helen Wing Yee Koo (appointed 26/11/2024) Charity Number 702345 Registered Office St. Laurences Primary School 12-14 St. Laurence Drive Birkenhead CH41 3JD Independent Examiner Ip's Associates Limited 23 Argyle Street Liverpool L1 5BL Page 2
Wirral Chinese Association Trustees' Report (continued) For The Year Ended 31 March 2025 Small Company Rules Is report has been prepared in accordance with the special provisions relating to companies subject to t nall companies regime within Part 15 of the Companies Act 200 The trustees' report was approved by the board of trustees and signed on its behalf by: hita Lee Date 15/12/2075 Page 3
Wirral Chinese Association Independent Examiner's Report to the Trustees of Wirral Chinese Association For The Year Ended 31 March 2025 I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2025. Responsibilities and Basis of Report As the charity trustees of the Company (and also its directors for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Acl 2006 ("the 2006 Act"). Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 006 Act and are eligible for independent examination, I report in respect of my examination of your charity ccounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act). In carrying out n examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act. Independent Examiner's Statement I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe 1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; 2. the accounts do not accord with those records; or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other tha ly requirement that the accounts give a 'true and fair view' which is not a matter considered as part an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102). I have no concerns and have come across no other matters in connection with the examination to which aftention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Date 17/12/2075 p's Associates Limiter 23 Argyle Stree Liverpool L1 5BL Page 4
Wirral Chinese Association Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 Unrestricted Restricted funds funds Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Income and donations Investments EXPENDITURE ON: Charitable activities: Accountancy fees Cost of goods sold Office expenses Sundry and other costs Wages and salaries NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 3 39,535 1,292 40,827 55,899 55,899 2025 Total funds € 95,434 1,292 96,726 2024 Total funds 88,384 88,384 4 11 (1,200) (4,417) (3,315) (2,928) (18,381) (30,241) 10,586 10,586 115,484 126,070 - (1,200) (600) (26,056) (30,473) (37,747) (4,714) (1,027) (8,029) (3,955) (1,387) (2,370) (20,665) (39,046) (5,308) (52,462) (82,703) (47,412) 3,437 14,023 40,972 3,437 14,023 40,972 806 116,290 4,243 130,313 75,318 116,290 The notes on pages 8 to 12 form part of these financial statements. Page 5
Wirral Chinese Association Comparative Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 Unrestricted Restricted funds funds 2024 Total funds Notes INCOME AND ENDOWMENTS FROM: Charitable activities: Income and donations EXPENDITURE ON: Charitable activities: Accountancy fees Cost of goods sold Office expenses Sundry and other costs Wages and salaries NET INCOME NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 61,584 26,800 88,384 4 11 (600) (20,089) (17.856) (600) (17,658) (37,747) (434) (953) (295) (1,387) (2,075) (2,370) (5,308) (5,308) (21,418) 40,166 (25,994) (47,412) 806 40,972 40,166 75,318 115,484 806 40,972 - 806 75,318 116,290 The notes on pages 8 to 12 form part of these financial statements. Page 6
Wirral Chinese Association Balance Sheet As At 31 March 2025 Unrestricted Restricted funds funds 2025 Total funds 2024 Total funds CURRENT ASSETS Debtors Cash at bank and in hand Notes 8 7 126,063 126,070 7 4,243 130,306 4,243 130,313 119,739 119,739 Creditors: Amounts Falling Due Within One Year 9 - - - (3,449) NET CURRENT ASSETS (LIABILITIES) 126,070 4,243 130,313 116,290 TOTAL ASSETS LESS CURRENT LIABILITIES 126,070 4,243 130,313 116,290 NET ASSETS FUNDS OF THE CHARITY Restricted Funds Unrestricted Funds TOTAL FUNDS 126,070 4,243 130,313 116,290 11 4,243 126,070 130,313 806 115,484 116,290 For the year ending 31 March 2025 the charitable company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the charitable company to obtain an audit in accordance with section 476 of the Companies Act 2006 The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. On behalf of the board Kit fee Date 15/12/2025 The notes on pages 8 to 12 form part of these financial statements. Page 7
Wirral Chinese Association Notes to the Financial Statements For The Year Ended 31 March 202: 1. General Information Wirral Chinese Association is a company limited by guarantee, incorporated in England & Wales, registered number and registered charity number 702345. The registered office is St. Laurences Primary School, 12-14 St. Laurence Drive, Birkenhead, CH41 3JD 2. Accounting Policies 2.1. Basis of Preparation of Financial Statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) The charitable company is a Public Benefit Entity as defined by FRS 102. 2.2. Fund Accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees Designated funds comprise unrestricted funds that have been set aside by the trustees for a specific purpose. Restricted funds are to be used for specific purposes as laid down by the donor. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. 2.3. Incoming Resources Income derived from events is recognised as earned (that is, as the related goods or services are provided). 2.4. 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 iwith attracting voluntary income and the costs of trading for fundraising purposes. 3. Investment Income Bank interest receivable 2025 2024 Unrestricted Unrestricted funds funds € 1,292 Page 8
Wirral Chinese Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 4. Analysis of Expenditure Accountancy fees Cost of goods sold Office expenses Sundry and other costs Wages and salaries Accountancy fees Cost of goods sold Office expenses Sundry and other costs Wages and salaries Activities undertaken directly € 30.473 Support costs (see note 5) 30,473 Activities undertaken directly 37,747 37,747 1,200 8,029 3,955 39,046 52,230 Support costs (see note 5) 600 1,387 2,370 5,308 9,665 5. Support Costs Accountancy fees Employee costs Premises expenses General administration 1,200 1,200 Office Sundry and Wages and expenses other costs salaries - 1,266 € 39,046 3.220 4,809 2,689 8,029 3,955 39,046 Page 9 2025 Total 1,200 30,473 8,029 3,955 39,046 82,703 2024 Total 600 37,747 1,387 2,370 5,308 47,412 2025 Total 40,312 3,220 8,698 52,230
Wirral Chinese Association Votes to the Financial Statements (continued For The Year Ended 31 March 202: Accountancy Office expenses Employee costs Premises expenses General administration 600 600 1,167 1,387 Sundry and Wages and other costs salaries 395 1,975 2,370 5,308 : 5,308 2024 Total 5,703 220 3,742 9,665 6. Staff Costs Staff costs were as follows: 2025 2024 Wages and salaries Other pension costs 38,669 377 39,046 5,308 5,308 No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000. 7. Average Number of Employees Average number of employees during the year was: 1 (2024: 1) 8. Debtors 2025 2024 Due within one year Other debtors 7 9. Creditors: Amounts Falling Due Within One Year 2025 € 2024 Other creditors Taxation and social security Accruals and deferred income - - 1,432 217 1,800 3,449 Page 10
Wirral Chinese Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 10. Pension Commitments ne charitable company operates a defined contribution pension scheme. The assets of the scheme are he eparately from those of the charitable company in an independently administered fur During the year the charge to the statement of financial activities in respect of defined contribution schemes was £377 (2024: £O). At the balance sheet date contributions of ENIL were due to the fund and are included in creditors. 11. Movement in Funds Unrestricted funds General: General unrestricted fund Designated: Property Fund Total unrestricted funds Restricted funds BNO Project Cost of Living Project John Moores Pine Court Step Up Total restricted funds Total funds As at 1 April 2024 Income Expenditure Transfers As at 31 March 2025 55,484 40,827 (30,241) (20,000) 46,070 60,000 - - 20,000 80,000 115,484 40,827 (30,241) 126,070 806 : 4,999 32,099 3,000 800 15,001 (5,805) (32,099) (2,020) (800) (11,738) : 980 3,263 806 55,899 (52,462) 4,243 116,290 96,726 (82,703) 130,313 As at 1 April Income Expenditure Transfers As at 31 March 2024 Unrestricted funds General: General unrestricted fund 25,318 61,584 (21,418) (10,000) 55,484 ...CONTINUED Page 11
Wirral Chinese Association Notes to the Financial Statements (continued) For The Year Ended 31 March 2025 Designated: Property Fund Total unrestricted funds Restricted funds BNO Project Cost of Living Project Total restricted funds 50,000 75,318 - 61,584 - (21,418) 10,000 60,000 115,484 : 16,800 10,000 26,800 (15,994) (10,000) (25,994) : 806 806 Total funds 75,318 88,384 (47,412) 116,290 12. Related Party Disclosures There have been no related party transactions in the reporting period that require disclosure. Page 12
Wirral Chinese Association Detailed Statement of Financial Activities (including Income and Expenditure Account) For The Year Ended 31 March 2025 2025 Total funds 2024 Total funds INCOME AND ENDOWMENTS FROM: Charitable Activities: Income and donations Income from charitable activities Investments Bank interest receivable - 95,434 95,434 1,292 1,292 96,726 88,384 88,384 88,384 EXPENDITURE ON: Charitable Activities: Accountancy fees Accountancy fees Cost of goods sold Purchases Office expenses Rent Repairs and maintenance Computer software costs Insurance Printing, postage and stationery Telecommunications and data costs Other office costs Sundry and other costs Staff training Travel and subsistence expenses Subscriptions Sundry expenses (1,200) (1,200) (30,473) (30,473) (3,220) (2,185) (214) (154) (1,239) (1,017) (8,029) (744) (522) (30) (2,659) (3,955) (600) (600) (37,747) (37,747) (220) (562) (605) (1,387) (395) (1,864) (111) (2,370) ....CONTINUED Page 13
Wirral Chinese Association Detailed Statement of Financial Activities (including Income and Expenditure Account) (continued For The Year Ended 31 March 202: Wages and salaries Wages and salaries Employers pensions - defined contributions scheme NET INCOME (38,669) (377) (39,046) (82,703) 14,023 (5,308) (5,308) (47,412) 40,972 Page 14