Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Financial Statements For the year ended 31 August 2022 Charity Number NIC 101623 Company Number NI 054264
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Table of Contents For the year ended 31 August 2022 Page Members of the Board and professional advisers Trustees Annual Report Independent Accountants, report Income and Expenditure Account Balance sheet Notes to the financial statements 7-10
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Legal and administrative information Registered Charity Name Chinese Language School N.1. Charity number NIC101623 HMRC number XR86412 Company Registratlon number Nl 054264 Registered Offlce I STRANfvlILUS EMBANKMENT BELFAST BT7 IGB Trustees Mrs Yuanyuan Mccoo Zhang Mrs Mo YL*en Lee Mrs Lili Li Mrs Yuet Kwan Lee Ms Hong Xin Mrs Huiru Zheng Mrs Jing Yun Chen Min She Mr Wai Cheong Lee Mrs Yee Wan Rita Ku Ms Yue Deng Mrs Mai Dung Tran Appointed 29 Auguest 2022 Mrs Louisa Wing 5ze Lau Wong Appointed 29 Auguest 2022 Mr Peipei Zhong Appointed 29 Auguest 2022 Mr Yun Fai Wong Mrs Di Yin Resigned On 29 August 2022 Resigned on 29 August 2022 Appointed Chairperson 29 August 2022 Appointed Vice Chairperson 29 August 2022 Company Secretary Ms Yue Deng Independent Exarnlners Cleaver Black Ltd Chartereé Accountants Suite 5, Ormeau House 91-97 Ormeau Road Belfast BT7 ISH Bankers Danske Bank Limited 49-51 University Road Belfast BT7 IND Page 1
Chinese Language School N.I. (A Company limited by guarantee and not havlng a share capital) Report of the Trustees For the year ended 31 August 2022 The Dirertors present their report and the unaudlted financlal statements of the charity for the year ended 3 1 August 2022. Reference and admlnistrative details Reference and administrative details are Shown in the schedule of members of the board and professional adviser5 on page l of the financial statements. structurei governance and management The directors of the charitable company a its trustees for the purpose of the company law and throughout this report are collectively referred to as trustees. Governing document The organisation is a charitable company, limited by guarantee, govemed by its Memorandum and Articles of Association, which is recognised as a charity by HM revenue and Customs. Recruitment, appointment, induction and tralning M05t of the present trustees have been involved in the charity for a number of years and 50 are familiar with its work. The trustees regularly review the requirements of the charity and the possibllity of a need for additional trustees. Any new trustee5 would be appointed by resolution of è meeting of all the trustees passed by a majority of those present. Appropriate training and induction is available to all trustees. Organlsation structure The board of directors meet on a regular basls to review all aspects of the charSty. Risk management The trustee5 have 855essed the major risk5 to which the charity is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systems are in place to mitigate any exp05ure to major risks. Where appropriate, systerns or procedures have been established to mitigate the risks the charity faces. Internal control rT5ks are minimised by the implernentation of procedures for authorisation of all transattions and projects. Procedure5 are in place to ensure compliance with health and safety of staff, volunteers, clients and visitor5 to the organi58tion. These procedure5 are periodically vieWed at least annually to ensure that they continue to meet the needs of the charity. Objectlve and activitles The objettive and principal activities of the company are: (11 to provide an opportunlty for children frorn the local Chinese Communlty to learn and study the Chinese Language. Children from Local and other communitie5 are welcorne. (2) to develop the Chinese Language into a universal language, and (3) to promote Chinese Culture and education. Volunteers The charity Is gratefvl for the un-stinting efforts of its volunteers who are Involved in services provlsion and fund- raising. Achievements and performance Total incoming resources for the year were £54,734 (2021.. £43,458). Totsl resources expended for the year amounted to £54,788 (2021.. £37,525). The net deficit for the year amounted to £53 {2021 suplus.. £5,933). The Trustees conslder that the charity Is in a satisfactory positlon to carry on its charitable activities. Reserve policy It is the policy of the charity to maintain free reserves which matches the needs of the trust, both at the cUrnt time and in the forseeable future. This provides sufficient fund5 to cover running costs which include management, administration and support costs. Free reserves are those unrestricted reserves not designated or invested in fixed assets which are available for general use. Page 2
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Report of the Trustees For the year ended 31 August 2022 Funding The principal funding is from tuition fees and grants. A list of these can be found in notes 2 to 3 on page 9. Discl ure of I formation to The In enden Examiner The Trustees who held office at the date of approval of thls trustees, report confimi that, 50 far as they are each aware, there is no relevant information of which the Charitable Company's Independent Examiner is unaware. an e?ch Trustee has tsken all the steps they ought to have tsken as a trustee to make themselves aware of any relevant accounting infomiation and to establish that the Charltable Company's independent examiner are aware of that information. statement of Trustees. Responsibilities Law applicable to incorporated charities in Northern Ireland requires the Trustees to prepare financial ststements for each financial year which give a true and fair view of the financial activitie5 of the charity and of its financial position at the end of that year. In preparing those financial statements, the Trustees are required to: {1) select suitable accounting policies and the apply them consistentlyi (2) make judgements and estimates that are reasonable and prudent. (3) state whether applicable accounting standards have been followeiy subject to any departures disclosed and explained in the financial staternents; and (4) prepare the financial statements on the going concern basis unles5 It is inappropriate to presume that the charity wlll continue in operation. to enable them to ensure that the financial statements comply with the Companies Art 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. The trustees have overall respon5iblllty for ensurlng that the charity has an appropriate system of internal controls, flnancial and otherwise. They are also responsible for keeping proper accounting record5 which disclose with reasonable accuracy at any time the financial position of the charity and to enable thern to ensure that the financlal 5tstements comply with the Companies Att 2006. They are a150 responsible for safeguarding the assets of the charity and hence for taking reasonable step5 for the prevention and detectlon of fraud and other irregularities. Independent Examiner A propo1 that Cleaver Black Ltd, be reappointed as Independent examiner will be put to the Annual General Meeting. Accounting & Reporting This report has been prepared in accordance wlth provisions of the Charities Att (Northem Ireland} 2008 and Charities (Annual Return) Regulatlons (Northern Ireland} 2015. Approval This report was approved by the Board of Trustees, and Signed on its behalf. Mo Yuen Lee Trustee Yuanyuan Mcco Trustee Zhèng Date". Page 3
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) I report on the accounts of the charity for the year ended 31 August 2022 which are Set out on pages 5 to 10. RESPEcfivE RESPONSIBIUTIES OF TRUSTEES AND EXAMINER As the charity's trustees are sponsible for the preparation of the accountsin accordance with the Charitie5 Act l Northern Ireland) 2008 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 Commission under sertion 65191 Ibl of the Charitie5 Act state whether particular matters have come to my attention. BASIS OFTHE INDEPENDENTEXAMINER'5 REPORT I have examined your charity accounts as required under section 65 of the Charitie5 Act and My examination was carried out in actordan¢e with the general Dirertion5 given by the Charity Commission for Northern Ireland under 5ertion 6519llbl of the Charities Act. My role is to state whether any material matters have come to my attention giving me cause to believe- l That accountinE record5 were not kept In accordance with section 63 of the Charities Act 2 That the accounts do not actord with those accounting records 3 That the accounts do not comply wtth the ac¢ounting requirements of the Charities Att 4 That there is further information needed for a proper understanding of the a¢counts to be reached. INDEpENDEr EXAMINER'SSTATEMENT I have completed my examination and have no concerns in respert of the matters111 to141 listed Bbove and, in connertion with the following the direction5 of the charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. n C Stewart FCA Chartered Accountants Ireland Cleaver Black Ltd Suite 5 Ormeau House 91-97 Ormeau Road 8elfast Bf/ ISH Date: Pag8 4
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Statement of Financial Activities For the year ended 31 August 2022 Restrirted Unrestrirted Restrlcted Education Notes Revenue Revenue Fund Total 022 2021 Incoming Resources Incoming resouKes from generatlng funds: Voluntary income Attivities for generating funds 54,735 54,735 43,458 Total Incoming Resources Resources Expended Charitable activities Governance costs 415 54,604 152 54,604 184 37,442 83 32 Total Resources Expended 32 Net Incoming/ (Outgoing l Resources for the Year (21) (32) (53) 5,933 Total funds brought forward Transfer 39,140 12,475 51,615 45,682 Total funds carried forward The Statement of Financial Activities includes all gains and losse5 in the year and therefore a statement of total recognised gain5 and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 7 to 10 form part of these financial statements. Page 5
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Statement of Financial Activities as at 31 August 2022 2021 Current Assets Bank and Cash 68,842 74,165 68,842 74,165 Current Liabilities Creditors Amounts falllng due withln one year Creditors Net Current Assets Total Assets less Current Liablllties Funds Unrestricted revenue fund Restritted Education fund 39,119 39,140 Total Funds For the year ending 31 August 2022 the company was entitled to exemption from audit under sectlon 477 of the Companies Act 2006 relating to small companies. Directors, responsibilities: the members have not required the company to obtain an audit of its accounts for the year in question In accordance with section 476, the direttors acknowledge their responsibi lities for complying with the requirements of the Att with respect to accounting records and the preparation of accounts These accounts have been prepared in accordance with the provlsions applicable to companies subject to the Small companies, regime, These financial Statements were approved by the members of the committee on the and are signed on their behalf by: ol- >-ob{ Mo Yuen Lee Trustee Yuany an Mccoo Trustee ang The notes on page5 7 to 10 form part of these financlal statements. Page 6
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Notes to the financial statements For the year ended 31 August 2022 l. Accounting Pollcies The following accounting poli¢ies have been applied conslstently in dealing with Ttems in the company's fanCIal statements. 1.1 Basis of Accountillg The financial ststements are prepaTed under the historical cost convet]tion and in accordance with FRS102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland, and Charities SORF (FRS 102). The financial statements are prepared in pounds sterltng which is the function currency of the company. This entity is a Public Benefit Entity. 1.2 Fund Ac¢ounÉing General funds are unrestricted lld$ which are available for use at the discretion of the Trustees it) fih¢rance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the Trustees for particular purposes. General funds may be transferred to designate fimds where Trustees wish to use these funds for a specific purpose. Such funds may be transferred back to general ndS onc¢ the crtteria for the designation have been met or are no longer applicable. Restricted funds are funds which which are to be used in accordance with specific restrictions imposed by donors or which have ben raised by the Charity for particular purposes. The cost of raising and admillistering such fimds are charged against the specific fund. The aim and use of restricted fjjnds is set out in the notes to th¢ financial statements. Restricted funds rnay only be transferred to general or designated fijnds once the criteria for restriction have been discharged or no longer apply.Restricted Revenue Fund covers the teaching activities of the Chinese Language School Nl and the Restricted Education Fund represents funds ratsed to cover expenditure on teaching equipment, materials and volunteers costs. IJ Incoming Resour¢e$ Atl incoming resources aTe included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Grants. service agreement, fee income and grants for equipment are recognised in the SOFA in the period in which they are receivable. 1.4 Resources Expended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered. Charitable expenditure comprises those costs incurred by the charity In the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Page 7
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Notes to the financial statements For the year ended 31 August 2022 Restricted Unrestricted Restrlcted Education Revenue Revenue Fund Total 022 021 2 Voluntary Income 3 Activltles for Generating Funds Donation Tuition Fees Interest received 11,981 42,741 13 11,981 42,741 13 11,133 32,284 41 Total Incoming Resources 4 Costs of charitable activities by fund type Language School 5 Costs of charltable activities by activlty type Activities undertaken Support directly costs Total Total 2021 Language School 6 Governance costs Restricted Unrestricted Restricted Education Revenue Revenue Fund Total 021 Bank charges Subscription and Registration fees 92 60 152 32 124 60 184 83 32 83 7 Capital Commitments No capltal commitments. Page 9
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Notes to the financial statements For the year ended 31 August 2022 Creditors - Amounts falling due within one year Other Creditors & Accruals 10 Company limited by guarantee The Company is limited by guarantee and has no share capital. In the event of a winding-up each member undertakes to contribute such an amount, as may be required for the payment of liabilities, not exceeding £1. Page 10
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) The following page does not form part of the statutory accounts
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Detailed Income & Expenditure Account For the year ended 31 August 2022 202 com Funding Donations & General Fund Raising Tuition fees Interest received 11,981 42,741 13 11,133 32,284 41 Less: enditure Activities costs Volunteers expenses Text books Activity fees Rent Insurance Printing, Postage and Stationery IT expenditure Repair & Equipment expenses 54,735 43,458 37,917 2,139 2,599 10,042 1,358 33,517 542 1,304 549 1,490 589 54,604 37,442 Governance costs Bank charges Subsctiption and Registration fees 124 60 83 184 83 Operating Surplus for the year 53 5,933