OSC
UK CONFUCIAN SOCIETY (GLASGOW)
REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 JUNE 2025
Scottish Charity Number SC031242
CW Chartered Accountants 9 Royal Crescent Glasgow G3 7SP
UK CONFUCIAN SOCIETY (GLASGOW)
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REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
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|CONTENTS|PAGES|
|Trustees’|report|2-5|
|Independent|examiners’|report|6|
|Statement|of financial|activities|incorporating|income|and|expenditure|account|7|
|Balance|sheet|8|
|Statement|of Cash|Flows|9|
|Notes|to|the|financial|statements|10|-|13|
|Detailed|statement|of financial|activities|14|
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. REPORT BY THE TRUSTEES OF UK CONFUCIAN SOCIETY (GLASGOW)
UK CONFUCIAN SOCIETY (GLASGOW)
YEAR ENDED 30 JUNE 2025
The trustees have pleasure in presenting their report for the year ended 30 June 2025. The financial statements have been prepared in accordance with the accounting policies set out on page 10 and comply with the Trust Deed, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
Objectives and Activities
The Deed of Trust is the founding document for the charity, which shall be to promote the moral and spiritual welfare of the community by promoting the teaching of Confucian, to relieve poverty and to assist the elderly, and in particular by the provision of food and accommodation to those in necessitous circumstances.
The charity holds gathering on the 1‘ and the 15" of each month for preaching classes and this also gives members the opportunity to integrate socially and cook together. Throughout the year there are also celebrations of various Chinese festivals and visits from speakers.
Achievements, Performance and Financial Review
The charity received £34,211 (2024 : £44,547) from the general public in cash donations as well as gifts in kind of £3,600 (2024 : £2,400) and gift aid of £4,940 (2024 : £5,435) were also received.
Reserves policy
The trustees have established a policy whereby funds not committed or invested in tangible fixed assets (“the free reserves”) held by the charity should be not less than 3 months of the resources expended, which equates to around £6,262 (2024 : £10,775) in general funds. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of a significant drop in funding. At present the free reserves, which amount to £325,635 (2024 : £307,933), are significantly more than this target level as funds are required for the refurbishment of the new property. The Trustees have been obtaining quotes for the past year but, due to rising costs, each quote is exceeding the available funds. The trustees are still in discussion about what refurbishment needs done and whether the original plans are to change in order to keep within the original budget.
Risk Management
The trustees have assessed the major risks 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 exposure to major risks.
Z
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UK CONFUCIAN SOCIETY (GLASGOW)
REPORT BY THE TRUSTEES OF UK CONFUCIAN SOCIETY (GLASGOW)
YEAR ENDED 30 JUNE 2025
Plans for Future Periods
The charity is committed to continue to promote the moral and spiritual welfare of the community by promoting the teaching of Confucian, to relieve poverty and to assist the elderly, and in particular by the provision of food and accommodation to those in necessitous circumstances.
Structure, Governance and Management
Governing document
The charity was established under a Deed of Trust dated 29 October 2000 and received its charitable status on the same day.
Recruitment and appointment of trustees
The trustees are appointed by resolution of the trustees subject to a majority vote.
The trustees meet as and when required to deal with the affairs of the charity.
Organisational structure
The organisational structure of the charity is set out in the Trust Deed before referred to.
Decisions with regard to the affairs of the charity are taken at a meeting of the trustees on the basis of recommendation by the chairperson or trustees following consideration and discussion by way of a majority vote.
Staffing and volunteers
The charity regularly relies on volunteer preachers to hold preaching classes and to promote the teaching of Confucius. The charity also relies on trustees and volunteers to carry out administrative and general duties.
Related Party Transactions
No transactions with related parties were undertaken.
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UK CONFUCIAN SOCIETY (GLASGOW)
REPORT BY THE TRUSTEES OF UK CONFUCIAN SOCIETY (GLASGOW)
YEAR ENDED 30 JUNE 2025
Reference and Administrative Information
Trustees Mrs Wai Chun Chau (Chair) Mrs Sin Ping Lau (Treasurer) Mrs Shuk Chun Cheung Lee Mr Kwok Kwan Yip Mr Si Ming Zhang
Principal Office & Operating Address 85 Denmark Street Glasgow G22 SEY
Independent Examiner Helen Wong C.A. CW Chartered Accountants 9 Royal Crescent Glasgow G3 7SP
Bankers Santander Bridle Road Bootle L30 4GB
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UK CONFUCIAN SOCIETY (GLASGOW)
REPORT BY THE TRUSTEES OF UK CONFUCIAN SOCIETY (GLASGOW) (cont’d)
YEAR ENDED 30 JUNE 2025
Statement of Trustees’ Responsibilities
The charity trustees are responsible for preparing a Trustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Law applicable to charities in Scotland requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the Trust at the end of the year and of their financial activities during the year then ended. In preparing those financial statements, the Trustees are required to:
select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charities SORP;
make judgements and estimates that are reasonable and prudent;
state whether applicable UK accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the trust will continue.
The Trustees are responsible for keeping proper accounting records that 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 legislation. They are also responsible for safeguarding the assets of the charity and the group and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the board of trustees on giz 26 .... and signed on their behalf :
Mrs Sin Ping Lau (Treasurer)
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INDEPENDENT EXAMINERS’ REPORT TO THE TRUSTEES OF UK CONFUCIAN SOCIETY (GLASGOW)
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YEAR ENDED 30 JUNE 2025
I report on the accounts of the society for the year ended 30 June 2025 which are set out on pages 7 to 13,
Respective Responsibilities of Trustees and Examiner
The charity’s Trustees are responsible for the preparation of the accounts in accordance with the terms of the Charities and Trustee Investment (Scotland) Act 2005 and the Charities Accounts (Scotland) Regulations 2006 (as amended). The charity’s Trustees consider that the audit requirement of Regulation 10(1) (a) to (c) of the Accounts Regulations does not apply. It is my responsibility to examine the accounts as required under section 44(1) (c) of the Act and to state whether particular matters have come to my attention.
Basis of Independent Examiners’ Report
My examination was carried out in accordance with Regulation 11 of the Charities Accounts (Scotland) Regulations 2006 (as amended). An examination includes a review of the accounting records kept by the Trust and a comparison of the accounts with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeks explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not express an audit opinion on the view given by the accounts.
Independent Examiner’s Statement
In the course of my examination, no matter has come to my attention:
] which gives me reasonable cause to believe that in any material respect the requirements:
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a) to keep accounting records in accordance with Section 44(1) (a) of the Charities and Trustee Investment (Scotland) Act 2005 and Regulation 4 of the 2006 Accounts Regulations; and
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b) to prepare accounts which accord with the accounting records and comply with Regulation 8 of the Charities Accounts (Scotland) Regulations 2006 (as amended)
have not been met; or
- 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Helen Wong C.A. L CW Chartered Accountants 9 Royal Crescent Glasgow G3 7SP Date: 11... Pe Beuary.... 2026
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UK CONFUCIAN SOCIETY (GLASGOW)
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STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
YEAR ENDED 30 JUNE 2025
| Total | Total | ||
|---|---|---|---|
| Note | 2025 | 2024 | |
| £ | £ | ||
| Income and endowments from: | |||
| Donations and legacies | 3 | 42,751 | 52,382 |
| Investments | - | - | |
| Total Income | 42,751 | 52,382 | |
| Expenditure on: | |||
| Charitable activities | 34,315 | 52,312 | |
| Total resources expended | 4 | 8,436 | 70 |
| Net income and movement in funds | 8,436 | 70 | |
| Total funds brought forward | 611,003 | 610,933 | |
| Totalfundscarriedforward | 619,439 | 611,003 |
All movements are in unrestricted funds.
The charity has no recognised gains or losses other than the results for the year as set out above.
All of the activities of the charity are classed as continuing.
The notes on pages 10 to 13 form part of these financial statements.
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UK CONFUCIAN SOCIETY (GLASGOW)
BALANCE SHEET
AS AT 30 JUNE 2025
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2025 2024
Note £ £ £ £
Fixed assets 6 293,804 303,070
Current assets
Debtors 7 61,050 63,888
Cash at bank and in hand 266,762 275,485
327,812 339,373
Creditors
Amount falling due within one year 8 (2,177) (31,440)
Net current assets 325,635 307,933
Net assets 619,439 611,003
Funds
Unrestricted funds 9 619,439 611,003
Total funds 619,439 611,003
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Approved by the Trustees on a NS lz) ze ........and signed on their behalf by:
Mrs Wai Chun Chau (Chair)
The notes on pages 10 to 13 form part of these financial statements.
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UK CONFUCIAN SOCIETY (GLASGOW)
STATEMENT OF CASH FLOWS
YEAR ENDED 30 JUNE 2025
| 2025 | 2024 | |
|---|---|---|
| £ | £ | |
| Cash flows from operating activities: | ||
| Net cash provided by operating activities (below) | (8,723) | 6,662 |
| Cash flows from investing activities: | ||
| Purchase offixed assets | - | (925) |
| Change in cash and cash equivalents in theyear | (8,723) | 5,737 |
| Cash and cash equivalents at the beginning ofthe year | 275,485 | 269,748 |
| Cash and cash equivalents at the end oftheyear | 266,762 | 275,485 |
| Cash and cash equivalents | ||
| Bank account | 249,749 | 274,368 |
| Cash | 17,013 | 1,117 |
| 266,762 | 275,485 | |
| Reconciliation ofnet income to net cash flow from operating activities | ||
| Net (expenditure)/income for theyear | 8,436 | 70 |
| (perStatement ofFinancialActivities) | ||
| Adjusted for: | ||
| Depreciation charges | 9,266 | 9,212 |
| Loss on disposal offixed assets | - | - |
| (Increase) / decrease in debtors | 2,838 | 567 |
| Increase / (decrease) in creditors | (29,263) | (3,187) |
| Netcashprovidedbyoperatingactivities | (8,723) | 6,662 |
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UK CONFUCIAN SOCIETY (GLASGOW)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
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Accounting policies
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a) The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) effective 1 January 2015 (Charities SORP (FRS 102), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019 and the Companies Act 2006.
UK Confucian Society (Glasgow) meets the definition of a public benefit entity under FRS102.
The Trustees are not aware of any factors that affect the charities ability to continue as a going concern and, as such, have prepared the accounts under the going concern principle.
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b) All income is included in the Statement of Financial Activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
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Donations and gifts in kind received and any recoverable income tax thereon are recognised where there is entitlement.
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Investment income is included when receivable.
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c) All expenditure is accounted for on an accruals basis and is recognised when there is a legal or constructive obligation. All costs have been directly attributed to one of the financial categories or resources expended in the Statement of Financial Activities in full:
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Charitable expenditure comprises those costs incurred by the charity in the delivery of its objectives for the benefit for its beneficiaries.
The charity is not registered for VAT and accordingly expenditure is shown gross of irrecoverable tax.
- d) Depreciation is provided at rates calculated to write off the cost of each asset over its useful life.
The depreciation rates are as follows:
Heritable Property - 2% & 4% straight line Equipment - 15% straight line
- e) Funds held by the Society are in unrestricted funds. Unrestricted funds are available for use at the discretion of the Trustees in furtherance of the general objectives of the Trust.
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UK CONFUCIAN SOCIETY (GLASGOW)
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NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
2. Net income/(expenditure)
| This is stated after charging:- | 2025 | 2024 |
|---|---|---|
| £ | £ | |
| Independent examination fee | 1,440 | 1,440 |
| Depreciation | 9,266 | 9,212 |
3. Donations and legacies
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Donations | 34,211 | 44,547 |
| Gift aid | 4,940 | 5,435 |
| Gifts in Kind - Foods | 3,600 | 2,400 |
| 42,751 | 52,382 |
- Expenditure
| Charitable | Total | Total | |
|---|---|---|---|
| Activities | 2025 | 2024 | |
| £ | £ | £ | |
| Heat and Light | 8,914 | 8,914 | 8,152 |
| Foods and Consumables | 4,121 | 4,121 | 3,815 |
| Insurance | 6,513 | 6,513 | 5,980 |
| Telephone and Internet Refuse and Cleaning |
797 1,319 |
797 1,319 |
835 1,336 |
| Repairs and Renewals | 447 | 447 | 21,363 |
| Independentexaminer fee | 1,440 | 1,440 | 1,440 |
| Bank charges | 25 | 25 | - |
| Miscellaneous Expenses Depreciation |
1,473 9,266 |
1,473 9,266 |
179 9,212 |
| 34,315 | 34,315 | 52,312 |
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UK CONFUCIAN SOCIETY (GLASGOW)
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NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
5. Taxation
The charity is exempt from tax on income falling within Section 505 ICTA 1988. As a result there is no tax charge.
6. Fixed Assets
| Fixed Assets | |||
|---|---|---|---|
| Heritable | Total | ||
| Property | Equipment | £ | |
| Cost | |||
| At 1 July 2024 | 355,328 | 13,769 | 369,097 |
| Additions | 7 | - | ‘ |
| Disposals | 2 | - | - |
| At 30 June 2025 | 355,328 | 13,769 | 369,097 |
| Depreciation | |||
| At | July 2024 | 54,293 | 11,734 |
| Charge foryear | 7,933 | 1,333 | 9,266 |
| Disposals | = | - | : |
| At 30 June 2025 | 62,226 | 13,067 | 75,293 |
| Net book value | |||
| At 30 June 2025 | 293,102 | 702 | 293,804 |
| At30June2024 | 301,035 | 2,035 | 303,070 |
All of the fixed assets included in the net book value of £293,804 (2024 : £303,070) are used for direct charitable purposes.
| 7. | Debtors | 2025 | 2024 |
|---|---|---|---|
| £ | £ | ||
| Gift Aid Claim | 4,940 | 5,435 | |
| Other debtors | 50,000 | 50,000 | |
| Prepayments | 6,110 | 8,453 | |
| 61,050 | 63,888 |
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UK CONFUCIAN SOCIETY (GLASGOW)
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 JUNE 2025
8. Creditors: Amounts falling due within one year
| 8. | Creditors: Amounts falling due withinwithin one yearyear | Creditors: Amounts falling due withinwithin one yearyear | 2025 2024 |
2025 2024 |
|
|---|---|---|---|---|---|
| £ £ |
|||||
| Accruals | 2,177 ~=—-1,440 |
||||
| Loans | - 30,000 |
||||
| 2,177 31,440 |
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| 9. | Movements in Funds | ||||
| At | Incoming | Outgoing | At | ||
| 01/07/24 | resources | resources | 30/06/25 | ||
| £ | £ | £ | £ | ||
| General funds | 307,933 | 42,751 | (25,049) | 325,635 | |
| Capital expenditure | 303,070 | - | (9,266) | 293,804 | |
| Total Unrestricted Funds | 611,003 | 42,751 | (34,315) | 619,439 | |
| At | Incoming | Outgoing | At | ||
| 01/07/23 | resources | resources | 30/06/24 | ||
| £ | £ | £ | £ | ||
| General funds | 299,576 | 51,457 | (43,100) | 307,933 | |
| Capital expenditure | 311,357 | 925 | (9,212) | 303,070 | |
| TotalUnrestrictedFunds | 610,933 | 52,382 | (52,312) | 611,003 |
Purpose of unrestricted funds
The Unrestricted Funds is the general funds which the trustees are free to use in accordance with the charitable objects.
10. Trustee Remuneration & Related Party Transactions
No remuneration was paid or payable in the year to any Trustee or to persons connected with them (2024 : £nil).
No expenses were reimbursed to any Trustee in the year (2024 : £nil).
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UK CONFUCIAN SOCIETY (GLASGOW)
YEAR ENDED 30 JUNE 2025
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
| Total | Total | |
|---|---|---|
| 2025 | 2024 | |
| £ | £ | |
| Income | ||
| Donations | 34,211 | 44,547 |
| Gifts in Kind - Foods | 3,600 | 2,400 |
| Gift Aid | 4,940 | 5,435 |
| Gift Aid interest | - | = |
| Total Income | 42,751 | 52,382 |
| Expenditure | ||
| Heat and Light | 8,914 | 8,152 |
| Rates and Water | - | - |
| Foods and Consumables | 4,121 | 3,815 |
| Insurance | 6,513 | 5,980 |
| Telephone and Internet | 797 | 835 |
| Cleaning and Refuse | 1,319 | 1,336 |
| Repairs and Renewals | 447 | 21,363 |
| Independent examiner fee | 1,440 | 1,440 |
| Bank charges | 25 | - |
| Miscellaneous Expenses | 1,473 | 179 |
| Depreciation | 9,266 | 9,212 |
| Total Expenditure | 34,315 | 52,312 |
| NETSURPLUS | 8,436 | 70 |
This page does not form part of the financial statements
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