Company No: 02287510 Charity No: 800142
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
(Private Company Limited By Guarantee)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2025
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
CONTENTS
| Page | |
|---|---|
| Trustees and OtherCompany Information | 1 |
| Report ofthe Trustees | 2 |
| Independent Examiner's Report | 5 |
| Statement of Financial Activities | 6 |
| Balance Sheet | 7 |
| NotestotheAccounts | 8-15 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 1
TRUSTEES AND OTHER COMPANY INFORMATION
| Directors: | CLK Liu |
|---|---|
| D Chow | |
| LF Man (Chair) | |
| J Farrell | |
| W H Wong | |
| S$Wu | |
| S KYeung | |
| Trustees and Management Committee: | CLK Liu |
| RSM Cheung (Secretary) | |
| D Chow | |
| LF Man (Chair) | |
| J Farrell | |
| W H Wong | |
| SWu | |
| S KYeung | |
| CompanySecretary: | RSM Cheung |
| Company Number: | 02287510 (England & Wales) |
| Charity Number: | 800142 |
| Registered Office: | 12-14 Englefield Road |
| Hackney | |
| London N1 4LS | |
| Accountants: | Jacquards |
| Chartered Accountants | |
| 2 Burton House | |
| Repton Place | |
| White Lion Road | |
| Amersham | |
| BuckinghamshireHP79LP |
Page 2
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
REPORT OF THE TRUSTEES
The Directors and Management Committee, who are also the trustees of the Charity, present their annual report and financial statements for the year ended 31st March 2025. The Management Committee have adopted the provisions of the Statement of Recommend Practice (SORP) "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) (effective 1 January 2019).
Governing Document
Hackney Chinese Community Services Association Limited is a company limited by guarantee governed by its memorandum and articles of association (as amended from time to time). It is a registered charity with the Charity Commission.
a company limited by guarantee governed by
There are two main types of membership:
-
e Individual membership which is divided into three categories. Anyone living in the area of benefit and over the age of 18 can become a full member, anyone living in the area and under the age of 18 can become a junior member, and well-wishers anywhere can become associate members.
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e Family membership which includes members and their spouse and issues under the age of 18.
in the event of the Charity winding up each member agrees to contribute £1 towards the assets of the Charity.
Construction and Appointment of the Management Committee/Trustees
The Management Committee shall consist of not fewer than 3 members nor more than 11 members, elected by the members at an AGM. All members of the Charity are entitled to nominate trustees prior to the AGM. Nominations must be made in writing and submitted within a set time before the AGM.
No member of the Management Committee shall be an employee of the organisation or have any form of salary and reward from his/her post or have an immediate family relationship to an employee of the organisation. All members of the Management Committee shail retire from office together at the end of the next annual general meeting after the date on which they came into office but they may be re-elected or reappointed.
Trustees Induction and Training
All new trustees are provided with induction materials on their legal obligations under charity and company laws, the contents of the memorandum and articles of association, the policy handbooks, the decision-making processes and day to day workings of the Charity. All new trustees attend an induction session where they meet key employees and other trustees. Trustees are encouraged to attend appropriate external training events where these will facilitate their role.
Objects of the Charity and Organisation of Work
The Charity's objects and its principal activity are the provision, promotion and improvement of educational, social and health services to the local community of Hackney, London and surrounding areas and primarily the Chinese and Vietnamese community living in the area.
The Charity is organised so that the Management Committee meet regularly to manage its affairs. The Management Committee appoints a centre manager who manages the day-to-day administration of the Charity and organises fundraising initiatives. The remaining staff are utilised in the provision of charitable activities and the Management Committee is grateful for the support of volunteers in this endeavour.
Page 3
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED REPORT OF THE TRUSTEES
Financial Review
The statement of financial activities shows the net surplus for the year of £145,109 (2024: deficit £117,311) and our reserves stand at £323,652 (2024: £178,543) in aggregate. Of these reserves, there are designated funds of £307,724 (2024: £160,624).
Achievements and Performance
We continue to provide a range of services across all ages for the Chinese/Vietnamese community, currently these include: Advisory, Elderly Luncheon Club, Hong Kong BN(O) integration service, hate crime casework, social, cultural and recreational activities such as Singing and Dancing classes and festival celebrations to promote good community relations.
In 2018, we adopted the mission to transform HCCS to become a community centre for people of East & Southeast Asian heritage. The London Borough of Hackney and the Greater London Council jointly investing £2.65m to refurbish the Old Bath House to lease to us on a ten year lease establish the first ESEA community centre in London.
We are pleased to report that the centre moved into the OBH on 12 September 2024, and that in December 2025 the Charity Commission approved our application to amend the beneficiaries in its constitution to serve “people of East & Southeast Asian (ESEA) heritage” and to change its name to “East & Southeast Asian Community Centre (ESEACC)”.
The Charity is very proud to celebrate the various traditional ESEA cultural events throughout the year with its members as well as joining in the local festivals. The Charity has a strong reputation as a place providing a range of quality services to improve the quality of life of the ESEA community. We strive to maintain and develop the range of services that it can provide.
We aim to carry on the excellent work of the Charity by attaining funding or grants to further help the ESEA people in Hackney, and to give the ESEA community in Hackney a voice or platform so that their needs can be heard.
Directors
The directors who held office during the period 1st April 2024 to the date of this report are as follows:
| B Lee | - retired 2nd May 2025 |
|---|---|
| YWYu | ~ retired 2nd May 2025 |
| C$ Chou | - retired as Director and Secretary on 19th February 2025 |
| LF Man | - appointed 2nd May 2025 and Chair |
| D Chow | - appointed 2nd May 2025 |
| HY Tam | - appointed 2nd May 2025 and retired 4th December2025 |
| SWu | - appointed 2nd May 2025 |
| W H Wong | - appointed 2nd May 2025 |
| CLK Liu | - appointed 2nd May 2025 |
| S KYeung | - appointed 2nd May 2025 |
| K S Wong | - appointed 2nd May 2025 and retired 30th September 2025 |
| AM Chuh | - appointed 2nd May 2025 and retired 4th December 2025 |
| DDY Lam | - retired 2nd May 2025 |
| J Farrell | ~- retired as Chair 2nd May 2025 |
| H Pai | - retired on 1st February 2025 |
| LWSo | - retired 2nd May 2025 |
| LC Au | - retired 2nd May 2025 |
| Y M Wong | - retired 18th May 2025 |
| RSM Cheung | - retired as Director on 2nd May 2025 |
| RSMCheung | -appointedasSecretaryon2ndMay2025 |
Noneofthe directors had a beneficial interest in the Charity.
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 4
REPORT OF THE TRUSTEES
Directors and Management Committee Responsibilities
The Directors are responsible for preparing financial statements in accordance with applicable laws and regulations.
The Directors and Management Committee are required by company Jaw to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its resutts for that period. in preparing those financial statements, the Directors and Management Committee are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
state that the financial statements comply with applicable financial reporting standards;
-
- prepare financial statements on the going concer basis unless it is inappropriate to presume that the company will continue in business.
The Directors and Management Committee are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report has been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities (effective 1 January 2019) and in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
On behaif of the Directors and Management Committee
LF Man Director/Chair
[.][2][a][ é] Date:[Lb] f fe[ I.] +>
Page 5
|
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
| report to the trustees on my examination of the accounts of Hackney Chinese Community Services Association Limited (the Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
The company’s Directors and Management Committee (who are also the trustees for the charitable activities of the Charity) are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act). The Charity’s trustees consider that an audit is not required for this year (under section 144(2) of the Act)) and that an independent examination is required.
1 report in respect of my examination of the Charity's accounts carried out under section 145 of the Act, and in carrying out my examination | have followed the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Act.
Independent Examiner’s Report
The Charity’s gross income exceeded £250,000 and | am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales.
{ have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the Act; or 2. the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports} Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report to enable a proper understanding of the accounts to be reached.
Jayesh Patel Jacquards
2 Burton House Repton Place White Lion Road Amersham Buckinghamshire HP7 9LP Date: 7Nae
a
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 6
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2025
SUMMARY INCOME AND EXPENDITURE ACCOUNT
| Restricted | Designated | General | Total | Toial | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2025 | 2024 | |
| £ | £ | £ | 3 | pa | ||
| INCOMING RESOURCES | ||||||
| Grants receivable | 2 | 260,101 | - | - | 260,101 | 378,832 |
| Voluntary income | 3 | - | - | 46,559 | 46,559 | 46,110 |
| Fundraising & other income | 4 | - | 504,997 | 437,566 | 642,563 | 75,529 |
| investment income | § | - | - | - | - | - |
| TOTAL INCOMING RESOURCES | 260,101 | 504,997 | 184,125 | 949,223 | 500,471 | |
| RESOURCES EXPENDED | ||||||
| Governance expenditure | 6 | - | - | 176,088 | 176,088 | 433,620 |
| Direct charitable expenditure | 7 | 258,458 | - | - | 258,458 | 268,258 |
| Fundraising and events costs | 8 | - | 357,897 | 11,671 | 369,568 | 21,723 |
| Designated fund expenditure | - | - | - | - | 194,181 | |
| Transfer of funds | - | - | . | |||
| TOTAL RESOURCES EXPENDED | 258,458 | 357,897 | 187,759 | 804,114 | 617,782 | |
| NETINCOME/(EXPENDITURE) FORYEAR | 1,643 | 147,100 | (3,634) | 145,109 | (117,311) | |
| STATEMENT OF OTHER RECOGNISED GAINS | AND LOSSES | |||||
| Resiricted | Designated | General | Total | Total | ||
| Note | Funds | Funds | Funds | 2025 | 2024 | |
| Net movement in funds for the year | 1,643 | 147,100 | (3,634) | 145,109 | (117,317) | |
| Movements in Capital Reserve | 14 | 7 | - | i | ||
| Funds brought forward | 8,609 | 160,624 | 9,310 | 178,543 | 295,854 | |
| Fundscarriedforward | 10,252 | 307,724 | 5,676 | 323,652 | 178,543 |
The notes on pages 8 to 15 form part of these accounts.
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 7
BALANCE SHEET AS AT 31ST MARCH 2025
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2025 2024
Note £ £ £ £
FIXED ASSETS
Tangible Assets 10 11,195 3,111
Investments 11 2 2
CURRENT ASSETS
Debtors 12 8,485 24,002
Cash at Bank and in Hand 312,000 350,685
320,485 374,687
CREDITORS: Amounts falling due
within one year 13 8,030 199,257
NET CURRENT ASSETS 312,455 175,430
323,652 178,543
Represented By:
RESERVES
Unrestricted Funds:
Restricted Funds 14 10,252 8,609
Designated Funds 14 307,724 160,624
General Funds 5,676 9,310
323,652 178,543
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The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 3ist March 2025.
The members have not required the company to obtain an audit of its financial statements for the year ended 34st March 2025 in accordance with Section 476 of the Companies Act 2006.
The Directors acknowledge their responsibility for:
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006, and
- {b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its income and expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
Approved by the Management Committee on LA dleaf A226* y b and signed on its behalf by:
L F Man (Director/Chair)
The notes on pages 8 to 15 form part of these accounts.
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 8
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
SEE
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1. ACCOUNTING POLICIES
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Basis of Accounting
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Statement of Recommend Practice (SORP) “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) (effective 1 January 2019), Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland’ and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Cash Flow Statement
The accounts do not include a cash flow statement because the Charity, as a small reporting entity, has taken advantage of the exemption from the requirement to prepare such a statement under Financial Reporting Standard 1.
Tangible Fixed Assets
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cosi less estimated residual value of each asset over its expected useful life, as follows:
Plant, fixtures and equipment - 25% straight line basis
Fixed Asset investments
Fixed asset investments are stated at cost less provision for diminution.
Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in the furtherance of the general objectives of the Charity.
Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes. Restricted funds are subject to restrictions on their expenditure imposed by the donor or through the terms of an agreement.
incoming Resources
Voluntary income and donations are accounted for on a receipt basis. The income from fundraising ventures and events is shown gross, with the associated costs included in fundraising costs. No permanent endowments have been received in the period, but these are dealt with through the statement of financial activities when received.
Grants receivable are included in the statement of financial activities in the period in which they are received, Where grants are provided for a specific purpose and the related expenditure has not been incurred as at the balance sheet date, the grant is deferred and shown under creditors.
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 9
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
eee
Resources Expended
Expenditure is recognised on an cash basis. Charitable expenditure comprises those costs incurred by the Charity in the delivery of its activities. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. All costs are allocated between the expenditure categories on a basis designed to reflect the use of the resource.
| 2. | 2025 | 2024 | |
|---|---|---|---|
| £ | £ | ||
| GRANTS RECEIVABLE | |||
| London Borough ofHackney | |||
| Advice Services Project | 26,000 | 26,000 | |
| LBH PHCC Network Grant | 1,470 | ||
| LBH Culture Grant2024 | 4,450 | ||
| Elderly Lunch Clubs | 35,080 | 38,834 | |
| London Borough ofHackney /Mind | |||
| LBH Mind Mental Health | 65,799 | 39,921 | |
| Department for Levelling Up, Housing & Communities | |||
| HK BN(O) RegionalVCSE Grant Scheme Yr3 | 40,000 | ||
| HK BN(O) Regional VCSE Grant Year 2 | |||
| PAOn Your Side | 12,870 | 9,805 | |
| Ground Work | |||
| GW_Women | 20,000 | 19,205 | |
| GLA_Ground Work_MigrantAdvice and Support Fund | |||
| GLAGW Migrant Advice and SupportFund | 36,049 | 127,053 | |
| Propel Fund | |||
| Propel Fund | 12,375 | 37,425 | |
| London Borough ofHackney - Greater London Authority | |||
| Local Hong Kong Welcome Foundation | |||
| GLA_LBH Yr3 HKerWelcome Fund | 34,920 | 34,969 | |
| Thrive London | |||
| Mental Health - Right to Thrive | 5,000 | ||
| Hackney CVS | |||
| Secondment | 12,008 | ||
| 260,101 | 378,832 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 10
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
| SSS Ee |
SSS Ee |
SSS Ee |
SSS Ee |
SSS Ee |
SSS Ee |
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| £ | £ | ||||
| 3. | VOLUNTARY INCOME | ||||
| Donations and gifts | 46,559 | 46,110 | |||
| 4. | FUNDRAISING & OTHER INCOME | ||||
| 2025 | 2024 | ||||
| Unrestricted | Unrestricted | ||||
| Designated | General | Designated | General | ||
| £ | £ | £ | £ | ||
| Membership subscriptions | 5,920 | - | 3,020 | ||
| HCCSA Projects (Fundraising) | 504,997 | 22,801 | 14,886 | 29,310 | |
| Self-generated income | 108,845 | - | 28,313 | ||
| 504,997 | 137,566 | 14,886 | 60,643 | ||
| 5. | INVESTMENT INCOME | ||||
| Interest received on bank account | - | - | |||
| 6. | GOVERNANCE EXPENDITURE | ||||
| Staff costs | 120,340 | 78,056 | |||
| Rent, utilities and services | 29,719 | 23,384 | |||
| Printing, postage and stationery | 427 | 292 | |||
| Property refurbishment and repairs | - | 3,025 | |||
| Accountants’ fees | 1,800 | 1,500 | |||
| Travelling and volunteerexpenses | 6,242 | 7,355 | |||
| Professional fees | 8,055 | 11,218 | |||
| Depreciation/Capital expenditure | 3,731 | 878 | |||
| Bank and credit card charges | 4,567 | 7 | |||
| Other | 4,207 | 7,912 | |||
| Cross charges to direct charitable expenditure | - | ; | |||
| 176,088 | 133,620 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 11
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
| irr | irr | irr | irr | irr |
|---|---|---|---|---|
| 2025 | 2024 | |||
| £ | £ | |||
| 7. | DIRECT CHARITABLE EXPENDITURE | |||
| Staff costs | 133,866 | 104,190 | ||
| Otherapportioned direct services | 124,592 | 164,068 | ||
| 258,458 | 268,258 | |||
| 8. | FUNDRAISING AND EVENTS | |||
| Designated | General | |||
| £ | £ | |||
| Expenditure covered | 357,897 | 11,671 | 21,723 | |
| by income | ||||
| 9. | SURPLUS/(DEFICIT) FORTHEYEAR | |||
| The surplus/(deficit) of income over expenditure is stated | after charging: | |||
| Depreciationoftangiblefixedassets | 3,731 | 878 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 12
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
eee
| 10. | FIXED ASSETS | Computer | Furniture & | |
|---|---|---|---|---|
| Equipment | Equipment | Total | ||
| Cost | £ | £ | £ | |
| As at 1stApri] 2024 Additions |
- - |
4,275 11,815 |
4,275 11,815 |
|
| Eliminated | = | $<= | ||
| As at 31st March 2025 | - | 16,090 | 16,090 | |
| Depreciation | ||||
| As at 1stApril 2024 | - | 1,164 | 1,164 | |
| Charge forthe year | - | 3,731 | 3,731 | |
| Eliminated | - | ee | ||
| As at 31st March 2025 | - | 4,895 | 4,895 | |
| Net Book Value | ||||
| As at 31st March 2025 | - | 11,195 | 11,195 | |
| As at 31st March 2024 | - | 3,111 | 3,714 | |
| 11. | FIXED ASSET INVESTMENTS | Listed | Other non-listed | |
| Invesiments | investments | Total | ||
| Cost | £ | £ | £ | |
| As at ist April 2024 | - | 2 | 2 | |
| Impairments | - | - | - | |
| As at 31st March 2025 | - | 2 | 2 | |
| Provision for Diminution | ||||
| As at 1st April 2024 & 31st March 2025 | - | - | - | |
| Net Book Value | ||||
| As at 31st March 2025 | - | 2 | 2 | |
| Asat31stMarch2024 | - | 2 | 2 |
Other non-listed fixed asset investments comprise of investment in land and is stated at nominal value. By Management Committee resolution on 27th May 2020, it was agreed to recognise an impairment and io write off investment of two green beit lands in Kent relating to Yee Hong Elderly Foundation Project.
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 13
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
| 2025 | 2024 | ||
|---|---|---|---|
| i | £ | ||
| 12. | DEBTORS | ||
| Grants and funding receivable | - | 8,424 | |
| Other debtors | 8,485 | 15,578 | |
| 8,485 | 24,002 | ||
| 13. | CREDITORS - Amounts falling due within one year | ||
| Sundry creditors and accruals | 8,030 | 25,895 | |
| GLA_Cfund Ldn_Com Kitchen | - | 84,002 | |
| OBCH_GGF | - | 89,360 | |
| Other deferred income | - | ||
| 8,030 | 199,257 | ||
| 14. | RESTRICTED AND DESIGNATED FUNDS | ||
| Restricted Funds: | |||
| Balance as at ist Apri] 2024 | 8,609 | 16,259 | |
| Surplus for the year | 1,643 | 110,574 | |
| Transfer (to)/from reserves | (118,224) | ||
| Balance as at 31st March 2025 | 10,252 | 8,609 | |
| Designated Funds: | |||
| Balance as at 1st April 2024 | 160,624 | 279,497 | |
| Surplus forthe year | 147,100 | (180,557) | |
| Transfer (to)/from reserves | 61,684 | ||
| Balanceasat31stMarch2025 | 307,724 | 160,624 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 14
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
RESTRICTED AND DESIGNATED FUNDS- continued
| 2025 | 2024 | ||
|---|---|---|---|
| £ | £ | ||
| Designated Reserves comprise thefollowing: | |||
| 1) | Crisis Reserves -Transferred from General Fund | ||
| Reserve forHCCSAcontinuation for6 months (approx. 50% ofGovernance Expenditure) | |||
| Balance as at 1stApril 2024 | 67,000 | 53,000 | |
| Transfer (to)/from reserves | 14,000 | ||
| Balance as ai 31st March 2025 | 67,000 | 67,000 | |
| Reserve for HCCSA's obligations and insolvency | costs | ||
| Balance as at ist April 2024 | 80,000 | 40,000 | |
| Transfer (to)/from reserves | 40,000 | ||
| Balance as at 31st March 2025 | 80,000 | 80,000 | |
| 2) | Reserve forOBCH Community Kitchen | ||
| Balance as at 1st April 2024 | - | 90,000 | |
| Transfer (to)/from reserves | (90,000) | ||
| Balance as at 31st March 2025 | - | - | |
| 3) | Reserve forOBCH Extra Furniture, Fixture and Equipment | ||
| Balance as at 1stApril 2024 | - | 90,000 | |
| Transfer (to)/from reserves | (90,000) | ||
| Balance as at 31st March 2025 | - | - | |
| 4) | Other designated reserve | ||
| Balance as at ist April 2024 | 13,624 | 6,497 | |
| Surplus for the year | 147,100 | (180,557) | |
| Transfer (to)/from reserves | 187,684 | ||
| Balanceasat31stMarch2025 | 160,724 | 13,624 |
HACKNEY CHINESE COMMUNITY SERVICES ASSOCIATION LIMITED
Page 15
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST MARCH 2025
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|||
|---|---|
|2025|2024|
|g|£|
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15. OPERATING LEASE COMMITMENTS
The following operating lease payments are commitied to be paid under non-cancellable leases:
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||||||
|---|---|---|---|---|
|Within|one|year|9,428|
|Between|two|and|five|years|
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- 9,428
16 TRANSACTIONS WITH TRUSTEES
During the financial year 2024/2025, expense claims have been paid to 2 trustees in their capacity as members of the management commitiee. These transactions have been notified to the Charity Commission and appropriate measures have been implemented in conjunction with the Charity Commission.