EGISTERED COMPANY NUMBER: N1019141 (Northern Ireland)
REGISTERED CHARITY NUMBER: NIC100566
Report of the Trustees and
Unaudlted Flnanci&l gtatements
FOR THE YEAR EIYDED
30 September 2023
for
CHINÈSE WÈLPARE ASSOtIATIUN LIMItÈ
•AD5RRHHD'
2210612024
COMPANIES HOUSE
A13
#225
M.B.McGrady & Co
Chartered Accountants
guite 2B
Cadogan House
322 Lisbum Road
Bclfast
Co. Antrim
BT9 6GH

cH￿￿SE WELFARE ASSOCIATION LIMITED
Contents of Ihe Knanciai S-tatements
FOR THE YEAR ENDED 30 SEPTEMBER 2023
Page
keference and Adminislrgtsve l5e¢ai1s
Report of tbe Trustees
Independent ExArnlner'8 Report
Sliiteinefit Of FiniiDciII AcNvilfiès
B•lance Sh¢¢t
7 to 8
Notes lo ¢be FIAAoelal Staternents
9 to 17
Ditaiiud Stat¥m¥Nt AedMrf¥i
18 10 19

CHINESE WELFARE ASSOCIATION LtMITED
Ref¢rencc ind AdministrAtivt betsiIs
FOR THE YF.AR ENDFD 30 SEPTEMBER 2023
TRUSTEES
Wai Cbin8 Won8
Ping Kwan Li
W'ai Heung Lam
Yun Fai Wong
Yuet Kwan Lee
Koon Chung Tong (resigned 1811212022)
Mo Yuen Tsang Lee
Jiemin Tomita
Jin Zlie
Lili Li
Lhang Hai Lhu
Lin8 Sun
John Cl¢8vcr Stewart
Tung Loi Tsang
Min Shen
YuanyyuaD Mccoo Zhans (appointed 1811212022)
WLI Xia (uppoiiitLd 1811212022)
Fenglian Carter (appointed 1811212022)
COMPANY SECRETARY
Mln Shen
REGISTERED OFFICF
I Stranmillis Embankmcnt
Belfast
Co. Antrim
BT7 IGB
REGISTERED COMPANY
NUMBER
NIOI 9141 (Northern Ireland)
RF.GISTERED CHARITY
NUMBER
NIC1￿566
]ThDEPENDENT ExA1￿l￿ER
M.B.McGrady & Co
Chartered Accountsnts
Suitc 2B
Cadogan House
322 LisTr>iim Ro&a
B¢lf&st
Lo. Antrim
BT9 6GH
BANKERS
Danske Bank
Donegall Square Wcsi
BTI 6JS

CHINESE WELFARE ASSOCTATION LIMITED
Report oféhe TrustLies
FOR THE YEAR ENDED 30 SEPTEMBER 2023
The trustees present their report with the financial statements of the dmrity for the year ended 30 September 2023.
The financial statements have been prepar¢d in a￿OrdanCe with the Charities SORP (FRS 102) 'Ac(x)unting and
Reporting by ehariti¢s.' gtatem¢nt ot'kecommcnded Frnctirx applicable in thc Uk and kepu61ic ot'treland (Vkg 1023
(effective l January 2015),. Financial Reporting Standard 102 'The Financial Reporting SthDdard applicable in the
UK and Republic ot Ireland, and the Companies Act 2006.
0￿ECTIVEs AND ACTIVITIES
Strateg]t Ahrns
The aiinese Welfaré Associolion li&% sévéli ￿re gtralegic aiins..
l. Enabling and supporting community development and developing the comrnunity infrnstwcture within the
community.
2. Providing or secuTing servi¢¢s wlu'¢h meet the so¢ial and health n¢fyts arising out of the disadvaniaged position of
the Chinese community;
3. Enabling children and young people to reaiise their full potential as active citizens within both the Chinese and
wider community.
4. Developing a grcatcr cultural aw&renes$ withi'n both the ChineAe And widc.r community And workin8 toward6 the
climinalion of racism and dis¢rirninalion'
5. Securing the resources and facilities needed to achieve the cor¢ aims of the organisation.
6. Using our uniqu¢ community's experience to provide leadership And mentotship lo other BME communities: and
7. Supporting and Strcngthening links between Northern Ireland and the Peoples R¢public of China.
Volunteers
The charity is grat¢fui for the efforts of its vOlUn￿erS who are involved in services provision and fund-rnisin8.
ACH.IEVEMENT AND PERFORMANCE
Charltabie A¢tSvitles
The Chinese Welfare ASs￿latiOn of Northern Ireland has ¢ontinued lo work towards its 7 slraiegic goals in Ihc las¢
ririari¢io1 y¢ar. We havè endeaiioiired fo silpp(iH the 4 oulLoin¢s Of Ihe Racial Iquality. SFalè8y 2015-25- equalify. of
acca8s to seNices for all, culttwal diversity is ¢elebrate4 a sense of belonging is felt by our Community and the
elimination ol'rncial disorimination,
We have seen increasing user confidence and a steady stream of return foorfall to the centr¢. This is positive news and
with gr¢al¢r ¢¢ntrc use, wc have s¢cn a wclcomcd incr¢as¢ in our incom¢ gencrdtion IIwou8h room ￿nta]s.
Our main health contracts along witli eore fijnding from The Executive Otrice have supplied us wtih the resources to
meel the needs of th¢ communities we Se￿¢. Our increased TEO core funding level (from £45,000 10 £60,000) is
evidenc¢ of our ability to work with other minority communities lo support their development. Similarly, the TEO
Iso awarded us with the highest verification level ('robusV) for financial management which only instils confidence
that we ￿¢ mana8&ng ivell the rewurces we have.
All our contracts achieved their agreed outcomes, and, in som¢ ￿8¢s, we exc¢eded our Key Perforn]ance Indicator8.

CHINESE WELFARE ASSOCIATION LIMrrED
R¢port of the Trnstees
FOR THE YFAR ENDED 30 SEPTEMBER 2023
ACIIIEVEMENf A]¥D PERFORMANCE
Fundrafislng activilles
Seeing thc di￿OnneCt beiiveen the FsFif ha*4rime reporfing mechanisms and the experienc¢s of idE communities.
we successfully applieAI for funding under the Assets Re¢overy Community Scheme and managed to receivc £17,000.
We have since develop¢d an app in English, Chinesc, Arabic. Polish and Romanlan lo support the victims of hate
crime and encournB¢ them to report hale inctdenrs.
User feedback from all our services remains higb]y wisitive and our Clients report a higb level of support and a strong
sense of belonging. All thi5 speaks to the commitment and skius of our staff team who are the 'f&ce' of all our services.
t'heir support and care has in8iired our clients gel the help they need and Gan not only Cope bul prosper in Northern
Jrcland.
We continue to promole online English learning u8ing the app Klik2L¢am. CWA is committed to ke¢pin8 up ￿ dale
with the best ways to ¢oinmunicale our message to our Lommuiiilies.
FINAINCIAL REVIEW
Flnanclal Revlew
Tlic r¢sults for the ycar are set out in detail on pages 6 10 1 ¥.
Rtscrves policy
Jt is the policy of tbe charity to maintain fTee reserves which matches tbe needs of thc trust, both at the currcnl l'ime
and in the furcseeablr fuNte. This provides suffitient futsds ￿ tuver runnlff¥ custs which includc managcmenl
ttdministration and support costs. Free reserves are those unresricted reserves not designated or invested in fix
assets which are available for general use. These include activities cr¢at¢d through incorne gencralion.
FuDdlng
The principal funding is from grants. A list of these can bc found in noie 12 on page 14.
FUTURE PLANS
The eeiitre 15 IIOW Dvtt 10 ytars old ants wyll nted ￿)rrie Mlknrbi&h]fiehi due to githpl'e Wtat attd teat. The hIa￿Sell1ertt
committce have begun a oew round of community fuDdtaising helping to rncet the Eap w￿.¢￿ funding, and income
generntion is not able to Lompletcjy meet (our service Icvel agreements PTovide lirtje for ovcrheads). We have been
encouragcd by the financial commitments wc havc receivcd a]r¢ady befor¢ th¢ campaign has been offioially launchul.
We do bave a stron8 volunteer b&se, And this helps 8llPPOrt our work but we will certainly need to coordinate it better
in order to maximise th¢ use of the centre.
CWA continues to make 8 si￿lficant contribution to a resilient and divcr8c Northern Ireland. We have on
experienced staff team who are ready and willing to strive for our fvture. l am confident CWA will go from stren￿h to
slrength. We must not howcver be complacent in our achievements but press forward to ¢xtend our ambitions and
scope of infiuenc¢.

CHINESE WELFARE ASSOCIATION LJMrfED
Report ofthe Trustses
FOR THE YEAR ENDED 30 SEPTEMBER 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Tru$tee5' and oifKers' 114blllty
During the year the Company Mainta￿ed insurance cover against liabilities incurred whilst ading in their capaciry as
twst¢es or offi¢eTS of Ihe company.
The tn￿ttts who served during the year were:
Danny Wai Ching Wong
Lili Li
Jiilin Cluver Sléiv
Mo Yuen Tsang Lee
Ajthur Ping Kwan Li
Wai Heung Lam
Yun Fai Wong
Yuel Kwan Lee
Koon Chung Tong (resigned 18112ll022)
Jicmin Tomita
Jin Zhen
Chang Htti Zhu
Ling Sun
Min Shen
Tung boi Tsang
Yuanyyuan Mccoo Zhang lappointed 1811212022)
Wei Xia (appointed 18112P022)
Fcnglian Cartcr (appoinlcd 1811212022)
Approved by order of the b08rd of tn￿eeS on 21 June 2024 and signed on its behalf by:
Lili Li - Trustee

Independent Examlner'$ Report to the Trustees of
Chlnese Welfare Associgllon Limited
I TqKIrt on the accounts of ihe company for thc year cnde4130 September 2023, which are set out on pages six to
s¢v¢nteen.
RésiK*tive respoiisibililiti 6f eharity friisfees ana éxaniinèr
As the charity's trustees (and also the diFectors for the pU￿￿$¢S of company law) you are responsibl¢ for the
preparation ot'the aLLounts ￿ acLX)rdance with the requirements ot'tl)e tompanies Act 2(M)6.
Having satisfied myself that the charity ts not subject to audit under company law and is eligible for independtnt
examination, it is my responsibility to..
examine the accounts under Section 65 of the Chorities Act
follow the procedures laid do¥￿ in the general Directions 8iven by the Charity Commission for Northern Ireland
lthder SeLtion 65(9)(b) of the Charities Acl
- stste wbethcr particular matters have corne to my attcntion.
B4Jl$ of the Independent exgmlner's report
I h&ve exdrnined your chdrity acwunts as required under Section 65 of the Charities Acl und my exumination wa¥
caffied out in accordanL% With the general tjirections given by the Uiarity eommission fo. r N"orthern Jreland under
Section 65(9Xb) of th¢ Charities Act. The examinaiion included a revi¢w of the accounting rccords kcpt by the charity
and a comparison of the accounts preSen￿d with those records. It &Lso included consideraiion of any unusual items or
disclosures in the accounts, and 5¢eking explanations from you as charity trustees concerning any such matters.
My role is lo state whether any material matters have come to my attention 8ivillE me cause to believe:
l. fhat a￿ountIng recor& were not kept in accordance with gection 386 of the tompanies Aer 2006
2. That the aceounls do not aecord with those accounting records
3. That the accoLfftts do not comply with Ihe accounting requir¢tnen¢s of Scction 396 of th¢ Companies Acl 2006 and
with the rnethods aDd principles of the Ch8ri1ic5 Statement of Recommended Practic¢ applicable to charities preparing
Iheir accounts in accordance with the Financiftl Rcponing St&ndard applieable in the UK and Republic of Jreland
4. That there is fillthcr infomiation needed for a proper understanding ofthe accounts to be reach¢d.
Independent ¢x•mlner's itatemenf
Since your charity's gross income excc&led £2'50,000 your examther must be a member ot a listed body. I can contirrn
thai l am qualified to undcrtake the cxaminailon because l am a member of the Institute of Chartered Accountants in
Ireland which is one of the li8ted bodies.
I have completed my examinalion and have no ¢oneerns in respect o.f the matters (l) to (4) listed above and, in
c(Jnnection with foll¢)Iving the Directi(ms fJf the Charity ConlllliSSiOll for Northern Ireland, I have found no mattels
that require drawing to your attention.
Mr Seamus McLernon FCA
.8.hlc6rady & Co
Chartercd Accountants
Suite 2B
Cadogan House
322 Lisburn Road
Belfasr
CO. A￿t[l[l
BT9 6GH
21 June 2024

CHINESE WELFARE ASSOCIATION LIMITED
Itat¢ment olFinancial Activities
FOR THE YEAR ENDED 30 SEPTEMBER 2023
3019123
3019122
Restrictcd
tapltal
Funds
Uiirèsfrlcted Nègtrlèted
funds
funds
Tolal
funds
Tol•l
funds
Notes
INCOME AND
ENDOWMENTS FROM
Donations and legaci¢s
80334
80334
76,862
Charltablc aethltles
Restri¢l¢d
220.184
220.184
209,408
Invesiment income
27
27
Total
80361
220,184
3UO,443
286.271
EXPENDITURE ON
Charttable Sctivitles
Restricted
Unfestri¢tEd
220,184
31,435
251,619
19,089
271,139
60,8&1
19,689
Total
220,184
31,435
271 J08
332,003
NET
YCOMLI(EXPENDITURE)
60A72
(31,435)
29,137
{45,732)
RECONCILIATION OF
FUNDS
Tolal funds brought forward
247244
802,7n
1.050,016
1,095,748
TOT AL FUNDS CARRIED
FORWARD
307•16
771J37
1,079,153
1,050,016
The notes fo￿￿ part of these financial ststements

CHINESE WELFARE ASSOCIATION LIMITED
lince ¥heet
30 SEPTEMBER 2023
3019123
3019122
Notes
FIXED ASSETS
Tan￿ble a&sets
1,087,526
1.118,961
CURRENT ASSETS
Debtors
Cash al bank and in hand
16J09
25,86
11,486
13,453
42,175
24,939
CREDITORS
Amounts f811ing due within one year
($0,548)
(93,884)
IYET CURRENT ASSETS
(8J73)
(68,945)
TOTAL ASSETS LESS CURRENT
LIABILITIES
1,079,153
1,050,016
NET ASSETS
,079,153
1,050,016
FUNDS
Unre5tri¢ted funds
Rostrieted fun(L5
12
307,816
771037
247.244
802,772
TOTAL fuyi DS
1,079,IS3
1,050,016
The charitable company 15 entitl￿ to exemption from audit under Section 477 of the Companies Act 2006 for the ye
ended 30 September 2023.
The members have not r¢quir¢d the company to obtain an audil of its finan¢ia] slatem¢nls for thc yw cnded
30 Septernber 2023 kn accordance with Section 476 of the Companics Act 2006.
The trus¢ees acknowledge their resrK)nsibilities for
{a)
ensuring that th¢ charitable company keeps accowifing records that comply with Sections 386 and 387 of the
CotdNAIé¢ Aèl 2006 atia
preparing financial statements which give a ITue and fair view of the state of affairs of the charitabl¢ company
as at ihe end ot. each tuwicihl Ye￿ and of its surplus or deficit tor each tinancial year in ac(x)rdanc¢ wit'h the
rcqiiirements of Sections 394 and 395 and whicb other4vise comply with the Tequircments of the Companics
Act 2006 relating to financial stat¢m¢nts. so far as applicable to th¢ charitable wmpany.
(b)
The note5 fom part of these financial ￿aternents
continucd..-

CHtNESE WELFARE ASSOCIATION LIMITED
BAl8nce gheet- continued
30 SEPTEMBER 2023
These financial statements have been prepared in aeconlance with thc provisions 8ppli¢able to Cbaritable compani&s
subjecl to the small companies rewmc.
The financial ststcments were approved by the Board of Trustees and authorised for issue on 21 June 2024 and were
signed on its bebalt by:
Lili Li - Trus*e
//, 4d-
John Cleaver Stewurt - Tn￿re¢
The notes fomi part of these financial statemcnts

CHINESE WELFARE ASSOCIATION LIMrrED
Notes to the Financial gtalemeDI$
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICJES
58sls olprepanng the financial statements
The financial statements of the charitable company, which is a public benefit entity under FRS I02, have been
prcparcd in accordance with the Charilies SORP (FRS 102) 'Accounting and R¢porting by Charilics.. Stalcmenl
of Recommended Practic¢ applicable to charities preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),.
Financial Reporting Srandard 102 The Financial Rcporting Standard applicdblc in ihe UK and R¢public of
Irelai)U' and flie &impiani¢tr* ALE 2006. The fiiianLi&iI g.&leiiienls liiivé been prèiiiif¢U iin(ler fli¢ lii¥fonLal iljsf
convention.
Incorne
All income is recognised in the Sthtement of Financial Activities once the charity has entitlement io the funds,
il is probable that thc income will be received and the amount can be measured reliably.
Expenditure
Liabilitie5 are recogmised as expenditure Soon as there 1$ a legal or constructive obligation cothmitting the
harily io thai expenditure, il ig probable ihat a Iransfer of economic benefits will be required in seiilement and
the amount of the obligation con be measured reliably. Expenditure is o¢¢oiinted for on an a¥Gruals basis and
been cl&ssifi¢d under headings that aggregate all cost related to the category. Where Qosts cannot bc
diTe6ily attributed to ￿rtiE¥lar headings they bav¢ b¢¢n 8llo¢attd to a¢tiviti¢s on a. basis EonsisieDt with lh¢ ys¢
of resour¢e5.
Allocatlon and apportlonment of ¢osts
All costs are allocated beiween the expendirure categories of the Statement of Financial Activities on a basis
designed to reflect the usc of the resource. Costs relating io a particular athivity are allocated directly. others
are upportioned on an appropriate basis. Staff cosls and overhead expenses are allocated lo aclivilies on the
basis of slaff lime spent on those activilic5.
Flxed aJs¢ts
AU fixed assets are initially ttLorded ai cost.
Deprecladon
.Dep.Tcciatinn 18 calculated .80 &8 to write nff. the c(k8t nf asset, le￿ its estimated rcsidual value, over the use￿1
economic life of that ￿Se1 As follows..
Buildings- 20/0 Straigbt line
OfTicc Equipment- 20Yo Reducing balance
Fixtures & Fitrings - 33. JO/. keducing balance
Other Eqijipment _ 250/0 Reducing balance
Taxotlon
The charity is exempi from COTporation tax on its Cbaritablc activities.
Fllhd aéeollfiflng
Unr¢strictsd fund8 are funds of the charily consisting of a General Fund which 15 expendable at the discretion
of the tr￿￿te¢S in filltheTance otthe ¢haritable o.bjectives otfiie charity and whicii has been designa1￿1 for other
purposes.
R&8tricted funds are Sjnds which are to be used in accordance with specifjc restrictions imposed by donors or
which hav¢ been raised by the charity for a particular purposes. The cosl of raising and administering such
ban& are Charged winst th¢ specific fimd.
continued...

CHtNESE WELFARE ASSOCIATION LIMrrED
Notes to the financial gtatemenls- eonh'nued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
ACCOUNTING POLICIES - contlnued
Uire purchase and leaslng wmmitments
R¢Dtsls paid under op¢rnting le&8es are char8ed to the Statement of Financial Activities on a Straight line basis
over thc period of the lease.
Pension costs and other posl-retlrement benefits
The c.haritsbl¢ company operafrs a defthed contribution pension scbeme. Contributions payable lo the
¢￿aritable ¢oinpany's p¢Dsion scheme are cliaTged to Slaleii]ent ¢if Financial Activities in the peri¢)d t(?
which they relate.
INVESTMENTINCOME
3019123
3019122
D¥poslt a¥¥ththt Iht¥￿t
27
NET INCOME/(EXP£NDITURE)
Nei iacomel(expenditur¢) is ststed after Chargin￿{CredIting)'.
JOffji22
Independent bxaminers Fee
Depr¢ciation - owned assets
Other opmting leases
1,650
31.435
1,560
31,694
2.363
TRUSTEES, REMUNERATION AND BENEFITS
There were no tru$t¢¢s' remuneration or other benefiL8 for thc year ended 30 September 2023 nor for the year
cnded 30 Seplcrnbcr 2022.
TfilSt¥t¥' t%péfiiè¥
'rh¢re wcre no trustees, cxpcn5c$ paid tOT thc year ended JO Septembcr 2O2J nor for the year endcd
30 September 2022.
STAFF COSTS
e average monthly number ot'employees during the year was as follow5:
3019123
3019122
AdministrAtivc staff
F40 eiiiploy'èe8 iuèiiied emoliinients in excèss of £60,UUU.
io
continued...

CHINESE WELFARE ASSOCIATION LIMITED
Notes to Ihe FinaDci*I gtatement$- conilnued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
COMPARATIVES FOR THE STATEMENT OF FllYANCIAL ACTJVITIES
Restricted
CapliaR
Funds
Unrestrieted Aestrieted
funds
fund$
funds
NCOME AND ENDOWMENTS FROM
Donation5 and legacics
76,862
76,862
tharitable acdvltles
Restrt¢ted
209,408
209,408
InvestmeDt inwme
Total
76,863
209.408
286.271
XPENbl'i'ifKL ON
Chlrltable actlvltles
Restrictcd
Unrestricted
239,445
31,694
271,139
60.864
60,864
Totsl
60,864
239,445
31,694
332,003
IYET INCOMFJ(EXPENDITURE)
15.999
(30,037)
(31.694)
(45.732)
RECONCILIATION OF FUYDS
Totsl furtds brought fortVArd
231,243
30,OJ7
834,466
1,095,748
TOTAL FUNDS CARRIED FORWARD
247,244
802,772
1.050,016
TANGIBLE FIXED ASSETS
Fixtures
#nd
Long
leasehold
Offlce
Machlnery
CUST
At l Octob¢r 2022 and 30 September 2023
lJ27,216
43,901
78,459
DEPRECIATION
At l October 2022
Charge for year
412J44
30,544
40,990
78385
AI 30 September 2023
442088
41572
78J43
NET BOOK VALUE
At 30 Septemb¢r 2023
1,084J28
2,329
AI 30 S¥p*mber 2022
.114,872
2,911
174
continued...

CHINESE WELFARE ASSOCIATION LIMITED
Notes to the Fillaneial ¥tatements- contiDu¢d
FOR THE YEAR ENDED 30 SEPTEMBER 2023
TANGIBLE FIXED ASSETS - contlnued
Llbrary
Èooiis
Other
equipment
totals
COST
At l October 2022 and 30 September 2023
2,433
IlJ68
1,663J77
DEPRECIATJON
Al l OeliSBéP 2022
Charge for y¢ar
2,433
IOJ64
251
$44,416
31.435
AI 30 September 2023
2,433
10,615
575,851
NET BOOK VALUE
At 30 Scplcmbcr 2023
753
I,087￿16
At 30 September 2022
1.004
1,118.961
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
3019123
3019122
Trade debtors
Prepayments and arxrued incorne
14568
1,741
9,740
1.746
16J09
11,486
CREDITORS: AMOUNTS FALLING.DUE ￿TIll￿ ONE YEAR
J19rt2
Bank loans and overdrafts (sec noi¢ 10)
Other loans (see note 10)
Ttadv itEdlior¥
Social se¢urity und other t￿¢$
Other creditors
Ac¢ruals and deferred income
45.915
37,038
4,805
3.424
22
2.680
33,038
5.42$
7,8l7
4.244
$0,548
93,884
Bank bomwings have been secured by a petsonal guarantee of £IOO.000 from a director, Mr Danny Wai
Ching Wong, supported by a legal mortgage over commercial premises owned by him.
12
continued...

CHINESE WELFARE ASSOCIATION LIMITED
Notes to the Vinanci81 gtatemenls- coniinued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
io.
LOANS
An analysis ofthe maturity ot'loans is given below:
3019123
3019122
Amount% falling due within one year on demaftd..
Bank overdrafts
45,915
37.UJ8
JJ,U3¥
33,038
82,953
ANALYSIS OF NET ASSETS BETWEEN FUNDS
3019123
3019122
Restrleted
Capltal
Funds
Unrestrlcted
fund$
Restrlcted
funds
Totsl
funds
Total
funds
Fixed assets
Currcnl asscts
Cuffenl liabiliti¢s
316,189
42,175
<40,54¥ J
771 J37
1,087A26
42,17S
150,54aJ
1,118,961
24,939
(¥J.yg4J
307016
771 J37
1,079.153
1,050,016
12.
MOVEMENT IN FUNDS
Net
movemeni
In funds
1110122
31U9123
Unre$trlcted funds
General fund
247,244
60,572
307.816
kestrlcéed funds
Restricted Capital Funds
802,772
{31,435)
771J37
TOTAL FUNDS
1,1150,016
29,A37
1,079,153
13
continued...

CHINESE WELFARE ASSOCIATION LIMITED
fv'otes lo the Financid gtatements- eoniinued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
12.
MOVEMENT IN FUNDS- continued
frlet movement in thnds, incl)Jded in the above are as tolfiows:
Incomlng
resources
Resources
expended
Movement
In funds
Unrestricted funds
Genernl fund
aoJ61
(iy.w)
60371
Restricted funds
Elderly Group
.Rcstri¢tcd Capi181 Funds
The Executive Office
Belfast City, Col￿¢1[
STEP
PHA-CAP
PHA BME
14elp in Hand
Ulster Scots
43,664
(43.664)
(31,435)
(81,095)
{12WJ
(15,488)
(31,899)
(21,909)
(12J9J)
(896)
(31h35)
81,095
12,84(1
15,488
31,1199
21,909
12J93
896
220,1.84
(251,619)
(31835)
TOTAL FUNDS
31)0,445
(271J08)
29,137
CompArAtives for movement In funds
Net
mov¢meTrt
In funds
At
Iiioni
At
3019122
Unrtstrlcted ￿ndS
Gèner#1
231,245
15,999
247.244
Restricted funds
Restricted Capital Funds
l in Nl heritage fund
834,466
30,Q37
(31,694)
(30,n37)
802,772
864,503
(61.7Jl)
802.772
TOTAL FUNDS
1,095,748
(45,732)
1,050,016
14
continued...

CHtNESE WELFARE ASSOCIATION LKMJTED
Notes to the Vinancial gtatements- continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
12.
MOVEMENT IN FUNDS- Conthiued
eomparative net movement in hmds, included in tile al)ove are as follows..
In¢omlnE
resour
Resources
expended
Movement
in fun¢ts
Unrestricted funds
Genèral fund
76,863
(6u,g64)
15.gw
Restrl¢ted fund$
Elderly Group
Restricted Capital Funds
The Lxe¢uth'V¢ Office
Deitast city Cuuhyii
STEP
l in Nl herits¥e fund
PHA . CAP
PHA BME
Nattonal L(￿ery- 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,S37
(30,037)
28,385
20,399
31,231
209,408
(271,139)
(61,731)
TOTAL FUNDS
286.271
{332,003)
(45.732)
A curreni year12 months and prior Ye￿ 12 months combined position is fts follows.,
Net
movement
In funds
At
1110121
At
3019123
Unrestrlcted funds
General fiJnd
231245
76.571
307.816
Restricied fund$
Restricted Capitsl Funds
l in Nt heritsge fvDd
834,466
30,037
(63,129)
{30,037)
771,3J7
864,503
(93,166)
771.337
TOTAL FUNDS
1,095,748
(16.595)
1,079.153
15
continued...

cittNESE WELFARE ASSOCIATION LIMITED
Notes to the FIDanciaf gtatemenls- continued
FOR THE YEAR ENDED 30 SEFfEMBER 2023
12.
MOVEMENT IN FUNDS - Continued
A current year12 mon¢i)s and prior year 12 rnontiis combined net movement in hnds, included in the a*x)ve
aTe as follows..
Ineoming
resources
Resour¢ts
expended
Movement
In funds
Unresfrlcti*d funds
General fund
157,124
(80,553)
76.571
Restrlcted funds
Elderly Group
Restricted Capital Funds
The Execu￿ve Offl¥E
Bellast City Council
STEP
l in Nl heritage fund
PFtA - CAP
PHA BME
Nfttionel Lottery - Grant for Heritage
Help in Hand
Ulskr Scots
83,950
(83,950)
(63,129)
(131,049)
(36,460)
(31,'025)
(30.037)
(60,284)
(42.308)
(31.231)
(12,393)
(896)
{63,129)
131,045
36,460
31,025
(30,037)
60,284
42,308
12,393
896
429,592
(522,758)
(93,166)
TOTAL FUNDS
586,716
(603,311)
(16,595)
13.
REGISTERED CHARGES
Thc Big Loltery Fund, Ihc Departincnl for Social Development (DSD) and The Executive Offi¢e (TEO),
supplied gTant fijnding towards the construction of new premises for the Company al Stranmillis EmbanknienL
kelkst. As such. they hav¢ ￿gIStered chargcs on the property.
14.
RELATED PARTY DISCLOSURES
One of the Iruslees, Mr Danny Wai Ching Won& bas prnvided a Letter of Guardn*¢ for £IOO,000 supported
by a Legal Mortgage over comrn¢rcial premise5. The loan was io assist the ¢ompletion of the chine￿ Resou￿
cellve.
Includ￿ in Other Loans as at JO September 2023, w&s an amount ot £iS.SOO owing to ttustees (2022..
£l9,5c￿).
16
continued...

CHtNESE WELFARE ASSOCIATION LIMrrED
Notes to the fiDanei81 gtatemellts - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023
15.
COMPANY LIMITED BY GUARANTEE
rhe thmpany is limited by guarantee and has no share capithl. tn the eveni ora winding-up each member
undertakes ¢0 contribu* such an amounL 0$ may bc required for the payment of liabilities. not exceeding £J.
16.
GOING CONCERN
The Company m¢ets its working capital requirements througb the provision of funding fTom various sour¢¢s,
their own Income genernted monies, interest free loans some of which do not have agreed repayment temis,
and an overdrafi tacility that is Tepayable on demand. the natt]re olthe organisafiion is such that there can be
fluLtuations in continucd funding sources and income gencraling monies.
The Trnstecs have projected cash flow inforniation for the next 12 months 8nd consider they will be able to
opera¢¢ wiiht'n the curreni facility. How¢ver, the margin of facAIAti¢s over requirements IS 51nall and iDherently
there can be no certainty in relation to these matters.
On this basis, the TTUSt¢cs consider it appropriate to prepare the financial statements on the going concem
basi5. I he hnancial statements do not include uny adjuslment that would result should the Association lail to
securc any of its funding or if the income generating aclivitics do nol mea expccied levels.
17.
KEY MANAGEMENT PERSONNEL
key management petsonnel Include all petsoDs th￿ have authorily and r￿pOnSIbIlity tor plannin81 d1￿C￿n8
and controlling the activities of the charity. The ￿tal consideralion paid to key management personnel,
including employ¢rs national insurance Contributio￿ for servic¢s provided to th¢ charity was £34,348 (2022:
£34,720).
17

CHINESE WELFARE ASSOCIATION LIMITED
betailed gtatcment olfinancial Activities
FOR THE YEAR ENDED 30 SEPTEMBER 2023
3019123
3019122
tNCOME AND ENDOWMENTS
Donatlony and legac&
Donations and fecs r¢c¢ived
Other fund raising activities
20,240
59,994
25,730
51,132
80234
76,862
Investment Income
Deposit a￿OUnt intercst
27
Charltible ac¢lvldEI
Grdnts
220,184
209,408
Total Ineomlng r¢sourees
300h45
286,271
EXPENDITURE
haAtable Acdvltles
Wagcs
Social stturity
Pensions
Advertising
Workshop costs
Acttvities Projed
Food & Provisions
Volunieers Expenses
Room Hirc & Hospil?lity
Transport, bus & Coach birc
Hirc of equipment
Olh¢r dirè¢1 ¢osts
136,118
6,108
2,802
152.830
12,575
3247
10,990
180
2¥,Yg3
4.754
22,153
949
977
1.372
10.606
2,187
195
177JS0
230,345
Support costs
Management
oFé￿till¥ ieax
Rates and water
Insurance
Light and heat
Telephone
Postage and slalion¢ry
Adtreh151H
ca￿led forward
2,363
3,260
4,556
13,003
1008
2,742
339
26,061
12,917
942
26,889
Thi5 pagc docs not forni part of the statutory financial stalcmcDts
18

CHINESE WTLFARE ASSOCIATION LIMITED
etailed statement ol Financial Activities
FOR THE YEAR ENDED 30 SEPTEMBER 2023
30￿ll3
30￿n2
Miinageibient
Brought forward
Sundries
Repairs and renewals
Legal & professional fees
Computer costs
Equipment j￿Ing
Activities & hire of equipment
DepreciatioD of tangible and heTitage assets
Bank interest
26,061
35
12,137
594
3.505
2900
500
31,43S
3,141
26,889
35
10,251
14,202
3.476
3328
8,700
31.694
1,623
92J08
100,098
Governance eo$ts
Independent Examinets bee
1,630
1,560
Totsl resouree9 expended
271J08
332,003
Ntt Inromrl(expcndlture)
29,137
(45.732)
This page does not forni part of tbe statutory financial statemcuts
19