REGISTERED COMPANY NUMBEI R: N1019141 (Northern Ireland)
RECISTEI RED CHARITY NUMBER: NIC100566
Report of the Trustees xnd
Unaudited Finaneial Statements
FOR THE YEAR ENDED
30 September 2022
ror
CHINESE WELFAIiE ASSOCIATION LIMITED
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antriin
BT9 6GH

CHINESEI WELFARE ASSOCIATION LIMITED
Contents of the Financial Statements
FOR THE YE4 AR ENDED 30 SEI PTEMBER 2022
Page
Reference and Administrstive Details
Report of the Trustees
2 to 4
Independent Examiner's Report
Statement of Fin2nci21 Activities
Balance Shett
Notes to t￿e FinAnclal Statements
9 to 17
Detailed Statement of Financial Aetivltles
18 to 19

CHINLI SE WELFARE ASSOCIATION LIMITED
Refei'ence aud Administratlve Details
FIOR THE YEAR ENDED 30 SEPTEMBER 2022
TRUSTEES
Wai Ching Wong
Ping Kwan Li
Wai Heung Lam
Yun Fai Wong
Yuet Kwan Lee
Koon Chunts Tong (resigned 1811212022)
Mo Yuen Tsang Lee
Jiemin Tomita
Jin Zhen
Lili Li
Chang Hai Zhu
Ling Sun
John CEeaver Stewart
Tung Loi Tsang
Min Shen
yu￿Yyllan Mccoo Zhang (appointed 181l2r2022)
Wei Xia (appointed 18112r2022)
Fenglian Carter (appointed I81I212022)
COMPAflY SECRETARY
Min Shen
REGISTERII D OFFICE
I Stranmillis Embankment
Belfast
Co. Antriin
Bf7 IGB
REGISTERED COMPANY
NUMBER
NIOI 914 l (Northern Ireland)
REGISTERED CIIARrrY
NUMBER
NIC100566
INDEPLNDENT EXAMINER
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogen House
322 Lisbum Road
Belfast
Co. Antrim
BT9 6GH
BANKERS
Danske Bank
Donegall Square West
Belfast
BTI 6JS

CHINEI SE Wn4 LFARE ASSOCIATION LIMITED
Report of the Trustees
FOR THE AR ENDEI D 30 SEPTEMBER 2022
The trustees piesent their report witb the financial statements of the charity for the year ended 30 Septembei. 2022. The
financial statements have been Prepared in accoTdance with the Charities SORP (FRS 102) 'Accounting and Reporting
by Cliarities: Stateinent of RecomnLended Practice applicable An the UK and Republic of Ireland (FRS 102) (effective I
January 2015),, Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic
of Ireland, and the Companies Act 2006.
OBJECTIVES AND ACTIVITIES
Strategic Aims
The Chinese Welfare Association has seven core strategic airns:
l. Enabling and supporting conwnunity development and developing the community infrastructure within the
coinmunity;
2. Providing or securing services which ineet the social and bealth needs aTising out of the disadvaataged position of the
Chinese community:
3. Enabling children and young people to realise their fvll potential as active citizens within both the Chinese and wider
con]munity'
4. Developing a greater cultural awareness within both th¢ Chinese and wider community and working towards the
elimination of racism and discrimination.
5. SecuTing the resources and facilities needed to achieve the core aims of the organisation:
6. Using our unique cominunity's experience to provide leadership and mentorship to other BME communities. and
7. Supporting and strengtheniF]g links between Nortbern Ireland and the Peoples Republic of China.
Volunteers
The charity is gratefjjl for the efforts of its volunteers who are involved in services, provision and fiind-raising.
ACIUEI VEMEI NT AND PERFORMANCE
Charitable activities
The Chinese Welfare Association of Northern treland has continued to work towards its ? strategic goals in the last
fman¢ial year. We have endeavoured to support the 4 outcomes of the Racial Equality Sttztegy 2015-25- equality of
access to services for all, cultural diversity is celebrntel a sense of belongino is felt by ow Community and the
elimination of racial dAs¢iimination.
With the easing of Covid restrictions and increasing user confidence, we have seen a steady stream of return footfall to
the centre. This AS Posltive news and with greater centre use. we have seen a welcome incTease in ow income generation
through room ientals.
Our inain health contracts along with core fimding from The Executive Office bave supplied us with the resources to
meet the needs of the comrnunities we setve. We were delighted to see an increase in our TBO core tsnding level froEn
£45,000 to £60,000 and this will remain in place until 2025 as part of 3-year funding. SimilaTly the TEO also awarded us
with the highest verification level for fmancial management which only instils confidence that we are managing well the
resoutces we have.
All our contracts achieved their agreed outcoines and in some ¢ase5 we exceeded our KPIS despite the challenges of
moving out of Covid.

CHINEI Sf WEI LFARE ASSOCIATION LIMITED
Report of the Trustees
FOR THEI YEAR ENDEI D 30 SEPTEMBER 2022
ACHIEI VEI MEI NT AND PERFORMANCE
Fundraising activities
We were delighted to successfjjlly bid for funding to explore the centenary of the founding of Nortbem Ii'eland. We
receiv¢d £79,000 from the BICT Lottery Shared History Fund and this lias been one of our largest CWA projects to date.
Finishing in June 2022 we had a very busy year of work We held workshops, created a new website and app (
www.iinni.co.uk), installed a pern]anent exhlbition in the centre and created fths to explore how our Chinese
community and other Minority Ethnic communities have made Northern Ireland their home. We are hoping to build on
this success with a futs￿e flagship funding bid which will explore the history of our Chinese conynunity further.
User fredback from all our services remains highly positive and our clients report a high level of support and a strong
sense of belonging.
All this speaks to the commitment aud skills of our staff team who are the 'coal face, of all our services. Their support
and care has insured our client5 get the help they need and are able to not only cope, but prospei. in North¢rn Ireland.
We continue to promote online F.nglish learning throuJ the use of the app Klik2Learn. CWA is committed to keeping
up to date with Ihe best ways to con]municate our message to our ￿MmunIties.
Our relationship with Queens University supporting Chinese overseas s￿deThts doing a masters in Leadership for
Sustainable Developmenl continues from strength to strength. As CWA is also a placement host, we are able to diTect
students into research CWA Currently does not have the capacity to carry out and the reports produced by the placement
students aid in our Orga￿]SatIon,S long-terni sustainability.
Nevertheless as we look to the year ahead, there are challenges.
The centre is now over 10 years old and will need some re￿rb]shrn¢nt due to simple wear and tear. The inanagement
con)Jnittee have begun a new round of community fimdraising helping to meet the gap which funding and income
generation is not able to coinpletely meet (our service level agreements provide little for overheads). We have been
encouraged by the fmancial conuniirnents we have received already before the camp8ign has been officially launched.
We do have a strong volunteer base and this helps support our work but we will certainly need to coordinate it better in
order to maximise the use of the centre.
CWA continues to make a SI￿lf1¢ant contribution to a resilient and diverse Northern Ireland. We have an experienced
staff team and a management board who are ready and willing to strive for our ￿t￿re. I confident CWA will go froi
strength to strength.
FINANCIAL REVIEW
Financial Revieiv
The i'esults for the year are set out in detsil on pages 6 to 18.
Reserves poliey
It is the policy of the charity to maintain free reserves which matches tbe needs of the trusL both at the current tiEne and
in the foreseeable filture.
This provides sufficient ￿lld5 to Cover Tunning costs which include management,
administration and support Costs. Free reserves are those unrestricted Teserves not designated or invested in fixed assets
which are available for general use. These include activities created through income generation.
Funding
The prllicipal fi]nding is from grants. A list of these can be found in nofr 12 on page 14.

CHINESE WELFARE ASSOCIATION LIMITED
Report of the Trustees
IOR THE YII AR ENDED 30 SEPTEMBER 2022
FUTURE PLANS
The centre is now over 10 years old and will need some refi]rbishment due to simple wear and tear. IncTeased energy
costs will put a strain on OUT overall running costs- most of which are met by fvndraising as many of our service level
agreeinents provide little for overheads. To overcome this obstacle, we will need to establish reoular fundi'aising
activities in addition to our annual special effort at Chinese New Year.
We do have a strong volunteer base, and this helps support our work but we will certainly need to coordinate it better in
order to maximise the use of the centre.
CWA continues to make a significant contribution to a resilient and diverse Northern Ireland and I'm confident with hard
work and strong community support we will go from strength to strength.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Trustees, and officers, liability
During the year the Company maintained insurance coveT against liabilities incurred whilst a¢ting in their Capacity as
trustees or officers of the ¢ompany.
The trustees who served during th¢ year were:
Danny Wai Ching Wong
Lili Li
Jolm Cleaver Stewart
Mo Yuen Tsang Lee
Arlhui. Ping Kwan Li
Wai Heung Lam
Yun Fai Wong
Yuet Kwan Lee
Koon Chung Tong (resigned 1811212022)
Jiemin Toinita
Jin Zhen
Cl)ang Hai Zhu
Ling Sun
Min Shen
Tuno Loi Tsang
Yuanyyuan Mccoo Zhang (appointed 18112t2022)
Wei Xia (appointed 1811212022)
Fenglian Carter (appointed 1811212022)
Approved by order of the board of trustees on 29 June 2023 and signed on its behalf by..
Lili Li- Trustee

Independent Ei xaminer's Report to tlie Ti-ustee5 of
Chinese Welfai-e Association Limited
I report on the accounts of the coinpany for the year ended 30 September 2022, which are set out oil pages six to
seventeen.
Re5pectAve responsxbilities of charity trustees and examiner
As the charity's trustees (and also the directors for the PUTposes of company law) you ar¢ responsible for the piq)aration
of the accounts in accordance with the requirements of th¢ Companies Act 2006.
Having satisfied myself that the charity is not subject to audit under company law and is eligÈble for independent
examination, it is my responsibility to-
examine the accounts under Section 65 of the Charities Act
follow the procedures laid down in the general Directions given by the Charity Commission for Northem Ireland
under Section 65(9)(b) of the Cl]arities Acl
state whether particulaT matters have Come to my attention.
Basis of the independent examiner's report
I have examined your ¢haTity accounts a5 required under Section 65 of the Charilies Act and my examination was carried
out in accordance with the general Directions given by the Charity Commission for Northern treland und¢r Section
65(9)(b) of the Charities Act. The examination included a review of the accounting Tecords kept by the charity and a
comparison of the accounts presented with those records. It also included consideration of any unusual items or
disclosures in the accounts, and seekiDg explallations from you as charity trustees ¢oncerning ally such m&tteTS.
My Tole is to state whether any material matters have Come to my attention giving me cause to believe:
That accounting records were not kept ill accordance with Section 386 of the Companies Act 2006
That the accounts do not accord with those accounting records
That the accounts do not comply with the accounting requirements of Section 396 of the Companles Act 2006
and with the methods and principles of the Charities Statement of Recommended Practice applicable to charities
preparing their accounts in accordonce with the Financial Reporting Standard applicable in the UK and Republic
of Ireland
That there 15 further infonnation needed for a proper unde￿tandIng of the accounts to be reached.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. l Can confirni
that l arn qualified to undertake the examination because l am a meinber of the Institute of Chartered Accountants in
Ireland which is one of the listed bodi¢5.
I have ¢oinpleÈed my examination and have no con¢ems in respect of the Djatters (l) to (4) listed above and, in
onnection with following the Directions of the Charity Commission for Northern Ireland, I have found no matters that
require drawing to your attention.
s￿￿((0}
Mr Seainus McLernon FCA
M.B.McGrady & Co
Chartered Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfast
Co. Antriin
BT9 6GH
29 June 2023

CHINESEI WELFARE ASSOCIATION LIMTTED
Statement of FiIiaELcial Activities
FOR THE YE% AR fi NDED 30 SEPTEMBER 2022
3019122
3019r21
Restricted
Capital
Funds
Unrestricted
funds
Restricted
funds
Total
funds
Total
funds
Notes
INCOML IiND
ENDOWMEwfs FROM
Donations and legacies
76,862
76,862
41,687
Charitable activities
Restt'icted
209,408
209,408
230,062
IDvestment incom¢
Total
76,863
209,408
286,271
27l,753
EXPEfmiTURE ON
Charitable activities
Restricted
Unrestricted
239,445
31,694
271,139
60,864
290,923
27,042
60,864
Total
60,864
239,445
31,694
332,003
317,965
NET
INCOMEI(EI XPII NDITURE)
15,999
130,037)
(31,694)
(45,732)
(46,212)
RECONCILIATION OF
FUNDS
Total fi￿d$ brought forward
231,245
30,037
834,466
1,095,748
1,141,960
TOTAL fiUNDS CARRIED
FORWARD
247,244
802,772
1,050,016
1,095,748
The notes forn] part of these fJnanGial staternents

CHI￿¢ SE WELFARE ASSOCIATION LIMITED
Balance Sheet
30 SEPTEI MBER 2022
3019122
3019121
Notes
FIXED ASSLI TS
Tangible assets
1,118,961
1,150,206
CURRENT ASSETS
Debtors
Cash at bank and in hand
11,486
13,453
11,073
3,230
24,939
14,303
CREDITORS
Amounts falling due within one year
(93,884)
(68,761)
NET CURREI NT ASSETS
(68,945)
(54,458)
TOTAL ASSETS LESS CURRENT
LIABILrrIES
1,050,016
1,095,748
NET ASSEI TS
1,050,016
I,095.748
FUNDS
Unrestricted funds
Restricted fjjnds
12
247,244
802,772
231,245
864,503
TOTAL FUNDS
1,050,016
1,095,748
The charitable company 15 entLtled to exemption from audit under Section 477 of the Companies Act 2006 for the year
ended 30 September 2022.
The members have not required the ¢ompany to obtain an audit of its financial statements for the year ended
30 September 2022 in accorddnce with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a)
ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the
Companies Act 2006 and
prepaTing financial statements which give a twe and fair view of the state of affairs of the charitable company as
at the end of each fmanGial year and of its surplus or deficit for each fmancial year in accordanc¢ with the
requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companics Act
2006 relatino to fAnancial stateinents, so far as applicable to the charitable company.
(b)
The notes forni part of these financial statements
continued...

CHINESE WELFARE ASSOCIATION LIMITED
Balance Sheet- continued
30 SEPTEMBER 2022
These finaiicial stateiiients have been prepared in accordance with the provisions applicable to charitable companies
subje¢t to the sinall coinpanies regim¢.
The financial stateillents were approved by the Board of Trustees and authorised for issue on 29 June 2023 and were
signed on its behalf by:
Lili Li - Trustee
£LL
John Cleaver Stewart - Trustee
The notes form part of these financial statetnents

CHINEI SE WEI LFARE ASSOCIATION LIMITEI D
Notes to the Fiiiancial Statements
FOR THE YEAR ENDED 30 SEPTEMBER 2022
ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by C]wities: StatemenÉ
of Recommended Practice applicable to Gharities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (Fils 102) (effective l January 2019),,
Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of
Ireland, and the Companies Act 2006. The fmancial statements have been prepared under the historical cost
convention.
Income
All income is recognised in the Statement of Financial Activities onc¢ the charity bas entitlement to the fvnds, it
is probable that the Income will be received and the amount can be measured teliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the
charity to that expenditure, it is probable that a traDsfer of economic benefits will be required in settlement and
the amount of the Dbligation can be measured reliably. Expenditure is accounted foT on an accruals basis and has
been ¢18ssified under headings that aggregate all cost related to the category. Where costs cannot be dire¢tly
attributed to particular headings they have been allocated to activities on a basis consistent with the use of
resources.
Allocation and Rpportionment of costs
All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis
designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are
apportioned on an appropriate basis. Stsff costs and overhead expenses are allocated to activities on the basis of
staff time spent on those activities.
Fixed assets
All fixed assets are initially Tecorded at eosL
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful
economic life of that asset as follows:
Buildings- 20/0 Straight line
OffLce Equipment_ 200/0 Reducing balance
Fixttu'es & Fittings - 33.3Yo Reducing balance
Other Equipment - 25% Reducing balance
Taxation
The charity is exernpt from COTporation tax on its charitable activities.
Fund accounting
Unrestricted funds are fi￿dS of the chaiity consisting of a General Fund which is expendable at the discretion of
the trustees in ￿rther￿nce of the charitable objectives of the charity and which has been designated foi other
purposes.
Restricted fi]nds are funds which are to be used in accordallce with speciflc restrictions unposed by donors or
which have been raised by the charity for a particular purposes. The cost of raising and administei'ing such funds
are charged against the specific fund.
continued...

CHINESE WEI LfiARE ASSOCIATION LIMITED
Notes to tlie Fin2nci21 Statements - contitAued
FOR THE YEI AR E< NDED 30 SEPTEMBEI R 2022
ACCOUNTING POLICIES- continued
Hire pui'chase and leasing COTnJnitments
Rentals paid under operating leases are cliarged to the Statement of Financial Activlties on a straight line basis
over the period of the lease.
Pension eosts and other post-retirement benefits
The charitable company operates a defmed contribution pension scheme. Contributions payable to the charitable
oinpany's pension scheme are charged to the Statement of Financial Activitles in the period to which they relate.
INVEI STMENT INCOME
3019r22
3019121
Deposit account inter¢st
NEI T INCOMEI(EXPENDITURE)
Net incoinel(expenditAire) is stated after chargingl(crediting):
3019122
3019121
Independent Examiners Fee
Depreciation - owned assets
Other operating Leases
1,560
31,694
2,363
I,440
31,919
TRUSTEES, REMUF4ERaTION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 30 September 2022 nor for the year
ended 10 September 2021.
Trustees, expens&s
There were no trustees, expenses paid for the year ended 30 September 2022 nor for the year ended
30 September 2021.
STAFF COSTS
The average monthly number of employees during the year w&$ as follows:
3019ll2
3019121
Administrative sts£Y
No employees received emoluments in excess of £60,000.
io
continued...

CHINESI WELFARE ASSOCIATION LIMITED
Notes to the Financial Statements - continued
FOR THEI YEAR ENDED 30 SEPTEMBER 2022
COMPARATIVES FOR THE STATEMENT OF FINklNCIAL ACTIVITIES
Resti-icted
Capital
Funds
Unrestricted
lunds
Restricted
funds
Total
funds
INCOME AND ENDOWMENTS FROM
Donations and legacies
41.687
41,687
Charitable Activities
Restricted
230,062
230,062
nvesttnent income
Total
271,753
271,753
EXPENDfruRE ON
Charitable activitie5
Restricted
Unrestricted
259,004
31,919
290,923
27.042
27.042
Total
27.042
259,004
31,919
317,965
NET INCOMEI{EXPEKDITURE)
(27,042)
12.749
(31.919)
(46,212)
RL4 CONCILIATION OF FUNDS
Total fijnds brought forward
258,287
17,288
866,385
1,141,960
TOTAL FUNDS CARIUED FORWARD
231,245
30,037
834,466
1,095,748
TANGIBLE FIXED ASSETS
Fixtures
and
rAttings
Long
leas¢hold
Office
Machinery
COST
At l October 2021
Additions
1,527,216
43,452
449
78,459
At 30 September 2022
1527,216
43,901
78,459
DEI PRLI CIATION
At l October 2021
Charge for year
381,800
30,544
40,262
728
78,198
87
At 30 Septeinber 2022
412,344
40,990
78,285
NET BOOK VALU
At 30 September 2022
1,114,872
2,911
174
At 30 Septeinber 2021
1.145.416
3,190
261
li
continued...

CHINESEI WELFARE ASSOCIATION LlliqITED
Notes to the Financi21 Statements - continued
FOR THEI YEAR ENDED 30 SEPTEI MBER 2022
TIU+TGIBLf FIXED ASSETS - continued
Library
Books
Other
equipment
Totals
COST
At l October 2021
Additions
2,433
11,368
1,662,928
449
At 30 September 2022
2,433
11,368
1,663,377
DEPRE4 CIATION
At l October 2021
Charge for year
2,433
10,029
335
512,722
31,694
At 30 September 2022
2,433
10,364
544,416
NET BOOK VALUE
At 30 September 2022
1,004
1,118,961
At 30 September 2021
1,339
1,150,206
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3019122
3019r21
Trade debtors
Prepayinenls and a¢￿Ued income
9,740
1,746
8,402
2,671
11,486
11,073
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEI AR
3019122
3019121
Bank loans and overdrafts (see note 10)
Other loans (See note 10)
Trade credktors
Social security and other taxes
Other creditors
Accruals and deferred income
45,915
37,038
4,805
3,424
22
2,680
30.705
27,038
1,091
6,034
36
3,857
93,884
68,761
Bank bo￿OW]ngS have been secured by a persoiial guarantee of £IOO.000 froin a director, Danny Wai Ching
Wong, supported by a legal mortgage over commercial premises owned by him.
12
continued...

CHINESE WELFARE ASSOCIATION LIMrrED
Notes to the Financial St2tement5 - continued
FOR THE YEAR EI NDED 30 SEPTII MBER 2022
10.
LOANS
An analysis of the maturity of loans is given below:
3019122
3019121
Amounts falling due within one year on demand:
Bank overdrafts
Other loans
45,915
37,038
30.705
27,038
82,953
57,743
ii.
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3019122
3019121
Restricted
Capital
Funds
Unrestricted
funds
R&stri¢ted
funds
Total
funds
Total
funds
Fixed &ssets
Current assets
Cu￿ent liabilities
316,189
24,939
(93,884)
802,772
1,118,961
24,939
(93,884)
1,150,206
14,303
(68,761)
247,244
802,772
1,050,016
1,095,748
12.
MOVEMENT FUNDS
Net
movement
in funds
At
Iiioni
3019122
Unrestricted funds
General fund
231,245
15,999
247244
Restrlcted funds
Restt'icted Capital Funds
I in Nl heritage ￿nd
834,466
30,037
(31,694)
(30,037)
802,772
864,503
{61,731)
802,772
TOTAL fi UNDS
1,09S,748
(45,732)
J,050,016
13
continued..

CHINESEI WELFARE ASSOCJATION LITrLITED
Notes to the Financial Statements - continued
FOR THE YEAR ENDEI D 30 SEPTEMBER 2022
12.
MOVEMENT IN Fuf4DS - continued
Net movement in fi)nds, included in the above are as follows:
Incoming
resources
Re50urce5
expended
Movement
in funds
Unrestrieted fund5
General ftind
76,863
(60,864)
15,999
Restricted funds
Elderly Group
Restricted Capital Funds
The Bxecutive Office
Belfast City Council
STEP
I inNI heritage
PHA - CAP
PHA Bfv
National Lottery - Grant for Heritage
40,286
(40,286)
(31,694)
(49,950)
(23,620)
(15,537)
(30,037)
(28,385)
(20,399)
(31,231)
(31,694)
49,950
23,620
15,537
(30,037}
28,385
20?99
31,231
209,408
(271,139)
(61,731)
TOTAL FUNDS
286,271
(332,003)
(45,732)
Comparatives for move]nent in funds
Net
movement
in funds
At
iiiono
At
3019121
Unrestricted funds
General fi3nd
258,287
(27,042)
23 I,245
Restricted funds
Rests'icted C&pital Funds
MEI Active
Community Foundation Nl
I in NI Eleritsge fund
866.385
5,288
12,000
(31,919)
(5,288)
(12,000)
30,037
834,466
30.037
883.673
(19.170)
864,503
TOTAL FUNDS
1.141,960
(46,212)
1,095,748
14
continued...

CHINESE WEI LfiARE ASSOCIATION LIMITED
Notes to the Financial Statements- continued
FOR THE YEAR ENDED 30 SEPTEMBER 2022
12.
MOVE4 MEINT IN FUNDS - continued
Comparative net movernent in funds, included in the above are as follows:
Ineoming
resollrcos
Resources
expellded
Movement
in funds
Unrestricted funds
General fi￿d
(27,042)
(27,042)
Restricted funds
Core
Blderly Group
Restricted Capital Funds
The Executive Office
PHA Chinese Advocacy
STEP
ME Active
Commuuity Foundation Nl
BCC - Covid
l in Nl heritage fimd
National Lottery- Strong as an Ox
Co op Ireland - Covid recovery
PHA. CAP
PHA B￿E
PHA BME SE
Community Foundation Nl - Covid
Resilience Fund
43,010
40,286
(43,010)
(40.286)
(31,919)
(43,180)
(31,919)
43,180
(i)
15,780
15,861
3,000
5,000
39,501
io,000
2.000
28,014
21,668
1.536
(15,780)
(21.149)
(15,000)
(5,000)
(9,464)
(10,000)
(2,000)
(28,014)
(21,668)
(1,536)
(5,288)
(12,000)
30,037
2,918
(2,918)
271,753
(290.923)
(19,170)
TOTAL FUNDS
271,753
(317,965)
(46,212)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movemcnt
in funds
At
Iiior20
At
3019122
UnrestrACted funds
General fund
258,287
(11,043)
247,244
Restrlcted funds
Restricted Capital Fund5
ME Active
Community Foundation NI
866,3 85
5.288
12,000
(63,613)
(5,288)
(12,000)
802,772
883,673
(80,901)
802,772
TOTAL FUNDS
1,141.960
(91,944)
1,050,016
15
continued...

CHINEI SE WELFARE ASSOCIATION LIMITED
Notes to the Financial Statemcnts - continued
FOR THE YEAR ENDED 30 SEPTtI MBER 2022
12.
MOVEMENT IN FUNDS - contilllled
A current year 12 months and prior year 12 inonths combined net movement in funds, included in the above are
as follows:
Incoming
resources
Resources
expended
Movement
in funds
Unrestricted funds
General ￿nd
76,863
(87,906)
(11,043)
Restricted funds
Core
Elderly Group
Restricted Capital Funds
The Executive Office
Belfast City Council
PHA Chines¢ Advocacy
STEP
E Active
Community Fouudation Nl
BCC - Covid
l in Nl heritage fund
National Lottery - Strong as an Ox
Co op Ireland - Covid recovery
PHA- CAP
PHA BME
PHA BMB SE
Community Foundation NI - Covid
Resilience Fund
National Lottery - Grant for HerAt&ge
43,QlO
80,572
(43,010)
(80,572)
(63,613)
(93,130)
(23,620)
(63,613)
93,130
23.620
(i)
31,317
15,861
3.000
5,000
39,501
10,000
2,000
56,399
42,067
1,536
(31,317)
(21,149)
(15,000)
(5,000)
(39,501)
(10,000)
(2,000)
(56,399)
(42,067)
(1,536)
(5,288)
(12,000)
2,918
31.231
(2,918)
(31,231)
481,16l
(562,062)
(80,901)
TOTAL FUNDS
558,024
(649,968)
(91,944)
13.
CONTINGENT LIABILITY
The Big Lottery Fund, the Department for Social Development (DSD) and The Executive Office (TEO),
supplied grant funding towards the construction of new premises for the company at Strarnnillis Embanlrment,
Belfast. As such. they have registered chwEes on the property. The grant fimding is subject to clawback on a
disposal within ten years of completion.
16
continued...

CHINESE WELFARE ASSOCIATION LIMITED
Notes to the Financi21 Statcments - continlled
FOR THEI YEAR ENDED 30 SEPTEMBER 2022
14.
REI LATEI D PARTY DISCLOSURES
One of the trustees, Mr Danny Wai Ching Wong, has provided a Letter of Guarantee for £IOO,000 supported by
a Legal Mortgage over comtnercial premises. The loan was to assist the completion of the Chinese Resource
Centre.
Included in Other Loans as at 30 September 2022, was an amount of £19,500 owing to t￿SteeS (2021: £9,500).
15.
COMPANY LIMrrKD BY GUARAl+rrEE
The Company is limited by guarantee and has no share capital. In the event of a winding-up each In￿nber
undertakes to Contribute such an amount, as may be required for the payment of liabilities, not exceeding £1.
16,
GOING CONCERN
The Company me¢ts its working capital requircn]ents tbrough the provision of fimding from various sources,
their own income generated monies, interest fr¢e loans some of which do not have agreed repayment tem]s, and
ar] ovei'draft facility that is repayable on demand. The nature of the organisation is such that there can be
flucttLatiorAS in continued fi]nding sources and income generdting monies.
The Tlustees have projected cash flow infornation for the next 12 months and consider they will be able to
operat¢ withiJ] the Qu￿ent facility. However, the margin of facilities over requirements is sinall and itheTently
there can be no certainty in relation to these matters.
On thi5 basis, the Thistees consider it appropriate to prepare the fAnancial statements on the going concern basis.
The fmancial ststeinents do not 1￿Clude any adjustmeni that would result should the Association fail to secure any
of its fimding or if the income generdting activities do not meet expected levels.
Tbe trustees have considered the impact of the Covid-19 health crisis on the fmanci81 ststements and the
operations of the charity. and the risk and uncertainties associated. Following the assessment, the trustees do not
Consider that there will be a material impact on the financial ststements.
KEY MANAGEMENT PERSONNEL
Key management personnel include all persons that have authority and responsibility for planning, directing and
controlling the activities of the charity. The total consideration paid to key management personnel. including
employers national insurance contribution, for services provided to the charity was £34,720 (2021: £36,148).
17.
17

CHINEI SE WE4 LFARE ASSOCIATION LIMrrED
Detailed Statement of Financial Activiti&s
FOR THEI YEAR ENDED 30 SEPTEMBER 2022
3019122
3019121
INCOME AND EI NDOWMENTS
Donations and Legaci
Donations and fees Teceived
Otlier ￿nd raising activities
25,730
51,132
226
41,461
76,862
41.687
Investment income
Deposit account interest
Charitable Activities
Grants
209,408
230,062
Total ineomlng resources
286,271
271,753
EXPENDITURE
Charitable activiti
Wages
Social security
Pensions
Advertising
Interpreting & translation
Workshop costs
Activities Project
Food & Provisions
Volunteers Expenses
Room Hire & Hospitality
Transport, bus & coach hire
FIiTe of equipment
Other direct costs
152,830
12,575
3,247
10,990
144,524
8,107
8,128
165
19,677
36,819
4,673
1,861
180
28,783
4,754
1,844
977
1,372
10,606
2,187
999
4,772
230,345
229,725
Support costs
Management
Other operating leases
Rate5 and water
Insurance
Light and heat
Telephone
Poslaue atLd stationery
Sundries
Repairs and renewals
CaTried forward
2P63
3,260
3,361
12,917
4,046
942
35
10,251
37,175
1,145
3,735
6,488
4,383
385
35
7.245
23,416
This page does not ft?rni part Df the statutory financial statements
18

CHINESE WLI LFARE ASSOCIATION LIMrrED
Detailed Statement of Finaneial Aetivities
FOR THE AR NDED 30 SE4 PTEMBER 2022
3019122
3019121
Managem¢nt
Brought foTward
Trnvelling & subsistence
Legal & PTofessional fees
Coinputer costs
Equipinent leasing
Activities & hu'e of equipment
Depreciation of tangible and heritage assets
Bank inteTest
37,175
23,416
300
11,432
3,673
7,241
7,400
31,919
1,419
14,202
3,476
3,228
8,700
31,694
1,623
100,098
86,800
Governance costs
Independent Examiners Fee
1,560
1,440
Total resources expended
332,003
317,965
Net expenditure
{45,732)
(46.212)
This page does not forni part of the statutory fmancial stateinents
19