Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Financial Statements For the year ended 31 August 2023 *A03824 2Y0512024 COMPANIES HOUSE A12
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Charity Number NIC 101623 Company Number NI 054264
Chinese Language School N.I. (A Company limited by guarantee and not havlng a share capital) Table of Contents For the year ended 31 August 2023 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 Cornpany limited by guarantee and not having a share capital) Legal and admin•strative inforniation Registered Charity Name Chinese Language Schoot N.l. Charity number NIC101623 HMRC number XR86412 Company Reglstratlon number Nl 054264 Reglstered Offlce I STRANMILUS EMBANKMENT BELFAST BT7 IGB Trustees Mrs Yuanyuan Mccoo Zhang Mrs Mo Yuen Lee Mrs Lili Li Mr5 Yuet Kwan Lee Ms Hong Xi Mrs Huiru Zheng Mrs Jing Yun Chen Mr Min Shen Mr Wai Cheong Lee Mrs Yee Wan ta Ku Ms Yue Deng Mrs Mai Dung Tran Mrs Louisa Wing Sze Lau Wong Mr Peipei Zhong Company Secretary Ms Yue Deng Independert Examlners Cleaver Black Ltd Chartered Accountants Suite 5. Ormeau House 91-97 Ormeau Road Belfast BT7 ISH Bankers Danske Bank rnited 49-51 University Road Belfast BT7 IND
Chinese Language School N.I. (A Company limited by guarantee and not having a share ¢apltal) Report of the Trustees For the year ended 31 August 2023 The Dlrectors present thelr report and the unaudited financial statements of the charity for the year ended 31 August 2023. Reference and administrative details Refence and administrative detai15 are Shown in the Schedule of. member5 of the board and professional advisers on pa9e l of the financial statements. Structurei governance and management The 1CtorS of the charitable company are its trustees for the purpose of the company law and throughout this report a collectlvely referred to as trustee5. 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 Custom5. Re¢ruitmen¢ appointment, Induction and tralnln9 Most of the present trustees have been involved in the charity for a number of years and so are familiar with its work. The trustees regularly review the requirements of the charity and the po55ibility of a need for additional trustee5. Anv new trustees would be appointed by resolution of a meeting of all the trustees passed by a majority of those present. Appropriate tralnlng and indurtion is available to all trustees. Organisation structure The board of directors meet on a regular basis to review all aspects of the charity. Risk management The trustees have assessed the major risks to which the charity 15 exposed. in particular those related to the operations and finances of the charity, and a satisfied that systems are in place to mitigate any exposure to major * risks. Where appropriate, systems or procedures have been established to mitigate the risks the charity faces. Intemal control rlsks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures are In place to ensure compliance with health and safety of staff, volunteers, client5 and.visltors to the organisation. These procedure5 are periodically reviewed at least annually to ensure that they continue to meet the needs of the charity. ObJertlve and a¢tlvltles The objective and princlpal activities of the company are: { l) to provide an opportunity for chlldren from the local Chinese Community to learn and study the Chinese Language. Children from Local and other communities are welcome. {2) to develop the Chinese Language into a universal language. and (3) to promote Chinese Culture and education. Volunteers The charity is grateful for the un-stinting efforts of its volunteers who are involved in servlces provlslon and fund- raising. Achlevements and performance Total incoming resources for the year We £67,907 (2022- £54.734)- Total SOurceS expended for the year amounted to £62,278 {2022- £54,788). The net surplus for the year amounted to £5,62912022 deficit.. £53): The Trustees consider that the charity is in a satisfactory position to carry on its charitable activities. Reserve policy It is the policy of the charity to maintain free reseryes which matches the needs of the trust, both at the current time and in the forseeable future. This provides sufficient funds to cover running costs which include management, administration and support costs. Free reserves are those unrestrirted resenrfes not deslgnated or invested in fixcd assets which are available for general use. Page 2
Chinese Language School N.I. (A Company limited by guarantee and not havin9 a share capltal) Report of the Trustees For the year ended 31 August 2023 Funding The principal fun(Fing Is from tuition fees and grants. A list of these can be found in notes 2 to 3 on page 9. Disclosur flnf -The Trustee5 who held office at the date of approval of this tru5tees' report confirni that. 50 far as they are each aware, there is no relevant information of which the Charitable Company'5 Independent Examiner is unaware; and each Trustee has taken all the steps they ought to have taken as a trustee to make themselves aware of any relevant accounting information and to establish that the Charitable Company'5 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 statements for each financial year which give a true and fair view of the financial artivib.es of the charity and of its financial position at the end of that year. In preparing those financial statements, the Trustees are required to.. (l) select suitsble accounting policies and the apply them con5i5tently' (2) make judgements and estimates that are reasonable and prudent: (3) state whether applicable accounting standards have been followed subject to any departures disclosed and exploined in the financial statements: and (4) prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the thority will continue in operation. to enable thern to ensure that the financial statements comply with the Companie5 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 irregularltles. .' The trustees have overall re5pon5ibility for en5uririg that the charity has an appropriate system of internal controls, '. financial and otherwise. They are a150 responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial Statements comply with the Companies Act 2006. They are also responsible for safeguardin9 the assets of the Charity and hence for taklng reasonable steps for the prevention and detection of fraud and other Irregularities. Independent Examiner A proposal that Cleaver Black Ltd. be reappointed as.Independent examiner will be put to the Annual General Meeting. .A¢¢ounting & Reporting This report has been prepared in accordance wlth provisions of the Charities Att (Northern Ireland) 2008 and Charlties (Annual Return) Regulations (Northern Ireland) 20 15. Approval Thi5 report was approved by the Board of Trust 5. a d signed on its behalf. Mo Yuen Lee Trustee Yuanyuan Mccoo Zhang Trustee Date: Y2r1Y- Page 3
Chinese Language School N.I. (A Company Ilmited by guarantee and not having a Share capital) I report on the accounts of the charity for the year ended 31 August 2023 which are set out on pages S to 10. .RESPEcnvE RESPONSIBILITIE5 OF TRUSTEES AND EXAMINER As the charity's trustees are responsible for the preparation of the account5in accordance with the Charities Act l Northern Ireland) 2008 It is my responsibility to.. examlne the accounts under section 65 of the Charities Act follow the procedures laid down in the general Directions given by the Commi55ion under section 65191 Ibl of the Charities Act state whether particular matters have come io my attention. 8ASIS OF THE INDEPENOENT EXAMINER'S REPORT I have examined yovr charity accounts a5 required under Section 65 of the Chartties Act and My examination was carried out in accordance with the general Oirections given by the Charity Commission for Northern Ireland under sertion 6519llbl of the Charities Act. My role is to state whether any material matters have come to my attention gMn8 me cause to believe.. l Thal accountln8 records were not kept in xcordance with section 63 of the Charitres Act 2 That the accounts do not accord with those accountin8 records That the accounts do not Cornp with the accounting requirement5 of the CharitiÈs Act 4 That there is further informatim needed for a proper Understanding of the accounts to be reached. INDEPENDENT EXAMINER'S STATEMENT I have completed my examination and hwe no concerns rn respect of the matters111 to141 listed above and, in connection with the following the directions of the charity Commission for Northern Ireland. I have found no matter5 that require drawing to your atte ion. n C Stewart FCA Chartered Accountants Ireland Cleaver Black Ltd Suite 5 Ormeau House 91-97 Ormeau Road Belfast BT7 15H Date: Pagè 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 2023 Restrlcted Unrestricted Restrlcted Educatlon Notes Revenue Revenue Fund Total 2023 Incoming Resources Incoming resources from generating funds: 'Voluntary income Activities for generating funds 67,907 67,907 54,735 Total Incomlng Resources Resources expended Charitable activities Governance costs 415 61,88S 367 61,885 393 54,604 184 26 Total Resources Expended 26 Net Incoming/ (Outgoing ) Resources for the Year 5.655 (26) 5,629 153) Totsl funds brought forward Transfer 39.119 12,443 51.562 51,615 Total funds carrled forward The Statement of Financial Attivities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared. All of the above amounts relate to continuing activities. The notes on pages 7 to I'O fom part of these financial statements. Page S
Chinese Language School N.I. (A Company limited by guarantee and not having a share capital) Statement of Financial Activities as at 31 August 2023 Current Assets Bank and Cash 138,510 68,842 138,510 68,842 Current Liabllltles Creditors :. Amounts falling due within one year Creditors Net Current Assets Total Assets less Current Llabllltles Funds Unrestricted revenue fund Restricted Education fund 44,774 39,119 Total Funds For the year endlng 31 August 2023 the company wa5 entitled to exernption from audit under section 477 of the Companles Act 2006 relating to small companies. Dlrectors, respon51bllities: the member5 have not required the. company to obtain an audit of its accounts for the year in question in accordance with sertion 476, the directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparatlon of accounts These accounts have been prepared in accordance with the provisions applicable to companies subjert to the small companies, regime. These financial statements were approved by the members of the committee on the and are slgned on thelr behalf by:
LH Mo Yuen Lee T.rustee Yuan uan Mccoo Trustee hang The notes on pages 7 to 10 form part of these financial statements. Page 6
Chinese Language School N.I. (A Company Ilmited by guarantee and not having a share capltal) Notes to the financial ststements For the year ended 31 August 2023 l. Accounting Policies The following accounting policies have been applied nSIStentIY in dealing with items in the companys financial statemeDts. 1.1 Basi5 of Accounting The financial statements are PTepared under the historical cost convenlion and In accordance wilh FRS102, The Financial Reporting Standard applicable in the UK and the Republic of Ireland, and Charities SORP (FRS 102). The financial statements are prepared in pounds sierling which is the function currency of the company. This entity is a Public Benefit Entity. 1.2 Fund Attountlng General funds are unrestricted ndS which are available for use at the discretion of the Tnle¢S in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Designated funds comprise unrestricted fiinds that have been set aside by the TTUStees for particular purposes. General fimds may be transferred to designate fvnds where Trustees wish lo use these funds for a specific purpose. Such funds may be transferred back to general funds once the criteria for ihe designation have been met or are no longer applicable. Restricted fimds are fijnds 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 administering such funds are Charged against the spe¢ifi¢ fund. The aim and use of restricted funds is set out in the notes to the financial statements. Restricted funds may only be trdnsftrred to general or designaied funds once the criteria for restri¢tion have been discharged or no longer apply.Restricled Revenue Fund covers the teaching activtties of the Chinese Language School Nl and the Restricted Education Fund represents funds raised io cover expenditure on teaching equipment. materials and volunteers costs. 1.3 ltyeoming Resour¢es All incoming resources are included in the Statement of Financial Activities when the charity is legally enlitled to the income and the amount can be quanlified with reasonable a¢¢uracy. Grants, seTvi¢e agreement. fee income and grants for equipment are recogmised in the SOFA in the period in which they are receivable. 1.4 Resomrees Expended Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT whicli Ldnnot be re¢overed. Charitable expendittre comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes boih costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. P4e7
Chinese Language School N.I. (A Company Ilmlted by guarantee and not hav•ng a share capital) Notes to the financial statements For the year ended 31 August 2023 Resources Expended ctd... Governance costs include those costs associated with meeting the constitutional and ststutory requirements of the charity and include the audit fees and costs linked to the strate8ic management of the charity. All Costs are allocated between the expendti(rre ¢ateBorles of the Statemeni of Financial Activities on a basis de5i8ne(I to reflect the use of the resource. Costs relating to a particular activity are allocated dirertly, others are apportioned on an appropriate basis. Cash flow statement The trustees have not included cash flow statement in the financial statements on the grounds that the charity is small. Value Added Tax Chinese Language School Nl is not registered for VAT. Taxatlon The company Is a re815tered charity and the charitable t)M exemptions a therefore bTrg clalmed to the e¥tent that income andlor gains are applicable and applied to charitsble purposes only. These èxemptions will remain in place as long as income and expendilure is apled to charitable purposes only. Page 8
Chinese Language School N.I. (A Company limited by guarantee and not having a share capltal) Notes to the financial statements For the year ended 31 August 2023 Restrlcted Unrestrlcted Restrlcted Educatlon Revenue Revenue Fund Total 20 2 Voluntary Income 3 Actlvlties for Generating Funds Donation Tuition Fees Interest received 12,088 55,819 12,088 55,819 11,981 42,741 13 Total Incoming Resources 4 Costs of charitable actlvltles by fund type Language School 5 Costs of charltable activities by artivity type Activitles undertaken Support dirertly costs Total Total Language School 6 Governance costs Restrlcted Unrestricted Restricted Education ' Revenue Revenue Fund Total 2023 2022 Bank charges Subscription and Registration fee5 307 60 367 26 333 60 393 124 60 184 26 7 Capltal Commltments No capital 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 2023 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 windlng-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 doe5 not form part of the statutory accounts
Chinese Language School N.I. (A Company limited by guarantee and not having a share capltal) Detailed Income & Expenditure Account For the year ended 31 August 2023 2023 202 Funding Donations & General Fund Raising Tuition fees Interest received 12,088 55,819 11,981 42,741 13 67,907 54,.735 Less: Activities costs Volunteers expenses Text books Artivity fees Rent Insurance Printing, Postage and Stationery IT expenditure Repair & Equipment expenses 37,784 2,660 6,625 12,800 1,232 204 580 37,917 2,139 2,599 10,042 1,358 549 61,885 54,604 Governance costs Bank charges Subsctiptlon and Registration fees 333 60 124 60 393 184 Operating Surplus for the year 53