HONG KONG UMBRELLA COMMUNITY CIC

Company limited by guarantee

Company Registration Number:
13499089 (England and Wales)

Unaudited statutory accounts for the year ended 30 September 2024

Period of accounts

Start date: 1 August 2023

End date: 30 September 2024

HONG KONG UMBRELLA COMMUNITY CIC

Contents of the Financial Statements

for the Period Ended 30 September 2024

Profit and loss
Balance sheet
Additional notes
Balance sheet notes
Community Interest Report

HONG KONG UMBRELLA COMMUNITY CIC

Profit And Loss Account

for the Period Ended 30 September 2024

14 months to 30 September 2024 2023


£

£
Turnover: 21,440 120,792
Cost of sales: 0 ( 2,449 )
Gross profit(or loss): 21,440 118,343
Administrative expenses: ( 32,828 ) ( 118,406 )
Operating profit(or loss): (11,388) (63)
Interest receivable and similar income: 22 52
Profit(or loss) before tax: (11,366) (11)
Profit(or loss) for the financial year: (11,366) (11)

HONG KONG UMBRELLA COMMUNITY CIC

Balance sheet

As at 30 September 2024

Notes 14 months to 30 September 2024 2023


£

£
Current assets
Cash at bank and in hand: 0 37,495
Total current assets: 0 37,495
Creditors: amounts falling due within one year: 3 0 ( 10,129 )
Net current assets (liabilities): 0 27,366
Total assets less current liabilities: 0 27,366
Accruals and deferred income: 0 ( 16,000 )
Total net assets (liabilities): 0 11,366
Members' funds
Profit and loss account: 0 11,366
Total members' funds: 0 11,366

The notes form part of these financial statements

HONG KONG UMBRELLA COMMUNITY CIC

Balance sheet statements

For the year ending 30 September 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

This report was approved by the board of directors on 2 November 2024
and signed on behalf of the board by:

Name: Kwun Chung Law
Status: Director

The notes form part of these financial statements

HONG KONG UMBRELLA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

HONG KONG UMBRELLA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

  • 2. Employees

    14 months to 30 September 2024 2023
    Average number of employees during the period 0 1

HONG KONG UMBRELLA COMMUNITY CIC

Notes to the Financial Statements

for the Period Ended 30 September 2024

3. Creditors: amounts falling due within one year note

14 months to 30 September 2024 2023
£ £
Bank loans and overdrafts 0 2,729
Taxation and social security 0 7,400
Total 0 10,129

COMMUNITY INTEREST ANNUAL REPORT

HONG KONG UMBRELLA COMMUNITY CIC

Company Number: 13499089 (England and Wales)

Year Ending: 30 September 2024

Company activities and impact

The company organises cultural activities to promote Hong Kong culture. It started in 2021, and have organised a wide range of activities, including film festival and cultural festival. During the financial year of 2023 to 2024, we have organised the second edition of “Hong Kong March” cultural festival, which benefits participants across the UK to have access to Hong Kong cultural activities, including food experiences, traditional Hong Kong cultural shows. We have hired a part-time staff to handle the logistics and administration of the festival. With the help of partners across the country, we managed to coorganise more than 40 activities. After the Hong Kong March cultural festival, due to fiscal and resource concerns, the company has not been active since April 2024. Most of its activities were post-event work, including providing reimbursements.

Consultation with stakeholders

The company’s stakeholders are the directors and participants of our cultural events. Consultation meetings with directors was held to consult the next step of the CIC. We agreed that due to financial and practical concerns, the continuation of HKUC is unlikely and have proceeded the termination procedure. A meeting with a group of participants and volunteers was held to collect feedbacks, and the decision to terminate the company was widely agreed.

Directors' remuneration

No remuneration was received

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
2 November 2024

And signed on behalf of the board by:
Name: Kwun Chung Law
Status: Director