STRATHCLYDE WING HONG ELDERLY GROUP CIC

Company limited by guarantee

Company Registration Number:
SC643937 (Scotland)

Unaudited statutory accounts for the year ended 31 March 2025

Period of accounts

Start date: 1 April 2024

End date: 31 March 2025

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Contents of the Financial Statements

for the Period Ended 31 March 2025

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

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Directors' report period ended 31 March 2025

The directors present their report with the financial statements of the company for the period ended 31 March 2025

Principal activities of the company

Membership This year, 23 (2024: 31) new members registered with the Centre bringing the total membership to1029 (2024: 1006) as of the end of March 2025. Sadly,3(2024: 7) members passed away. Condolences and support were offered to the bereaved families and help given with the funeral arrangements at their request. Financial review The charity reported a surplus of £14,614 (2024: surplus £1,917) in the year. At the year-end, total income amounted to £170,763 (2024: £135,438) and total funds amounted to £167,617 (2024: £153,003) designated funds as shown in note 11. The principal source of funding was grant income. The surplus reflect funding received early for projects starting in 2025-26 and some mid-year projects had full year funding that carried over into 2025-26 period.



Directors

The director shown below has held office during the whole of the period from
1 April 2024 to 31 March 2025

Mr Wan Hei Chan, Mr Kwong Ming Yip, Mr Elim Ho, Ms Yat Tai Tsang


The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
27 October 2025

And signed on behalf of the board by:
Name: Mr Wan Hei Chan, Mr Kwong Ming Yip, Mr Elim Ho, Ms Yat Tai Tsang
Status: Director

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Profit And Loss Account

for the Period Ended 31 March 2025

2025 2024


£

£
Turnover: 170,763 135,438
Cost of sales: ( 8,617 ) ( 8,948 )
Gross profit(or loss): 162,146 126,490
Administrative expenses: ( 162,146 ) ( 126,490 )
Operating profit(or loss): 0 0
Profit(or loss) before tax: 0 0
Profit(or loss) for the financial year: 0 0

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Balance sheet

As at 31 March 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 15,809 18,566
Total fixed assets: 15,809 18,566
Current assets
Debtors: 4 2,326 2,748
Cash at bank and in hand: 152,082 134,289
Total current assets: 154,408 137,037
Creditors: amounts falling due within one year: 5 ( 2,600 ) ( 2,600 )
Net current assets (liabilities): 151,808 134,437
Total assets less current liabilities: 167,617 153,003
Total net assets (liabilities): 167,617 153,003
Members' funds
Profit and loss account: 167,617 153,003
Total members' funds: 167,617 153,003

The notes form part of these financial statements

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Balance sheet statements

For the year ending 31 March 2025 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 27 October 2025
and signed on behalf of the board by:

Name: Mr Wan Hei Chan, Mr Kwong Ming Yip, Mr Elim Ho, Ms Yat Tai Tsang
Status: Director

The notes form part of these financial statements

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 1. Accounting policies

    Basis of measurement and preparation

    These financial statements have been prepared in accordance with the provisions of Financial Reporting Standard 101

    Turnover policy

    (b) Income All income is included in the Statement of Financial Activities when the charity has entitlement, and the amount can be quantified with reasonable accuracy. The following specific policies are applied to categories of income: (i) Donations, legacies, membership income and investment income are included in full in the Statement of Financial Activities when receivable. (ii) Income from charitable activities is recognised as earned (as the related service is provided). Grants included in this category provides funding to support charitable activities and are recognised where their entitlement, probability of receipt and the amount can be measured with sufficient reliability. (iii) The value of services provided by volunteers is not incorporated into these financial statements, as the amount cannot be accurately estimated.

    Tangible fixed assets depreciation policy

    (d) Tangible fixed assets Tangible assets acquired are capitalised and depreciated on a straight-line basis. All fixed assets are initially recorded at cost and only items in excess of £200 are capitalised. (e) Depreciation Depreciation is charged to write off the cost of the asset, less any residual values, over their estimated useful lives as follow: (i) Leasehold property improvements 5 years (ii) Office equipment 5 years (iii) Motor vehicles 4 years (iv) Burial grounds, lairs and memorial stones are not depreciated.

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 5 5

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 April 2024 5,818 75,253 16,345 18,165 115,581
Additions
Disposals
Revaluations
Transfers
At 31 March 2025 5,818 75,253 16,345 18,165 115,581
Depreciation
At 1 April 2024 0 74,340 8,637 14,038 97,015
Charge for year 0 183 1,542 1,032 2,757
On disposals
Other adjustments
At 31 March 2025 0 74,523 10,179 15,070 99,772
Net book value
At 31 March 2025 5,818 730 6,166 3,095 15,809
At 31 March 2024 5,818 913 7,708 4,127 18,566

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

4. Debtors

2025 2024
£ £
Prepayments and accrued income 2,326 2,748
Total 2,326 2,748

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Notes to the Financial Statements

for the Period Ended 31 March 2025

5. Creditors: amounts falling due within one year note

2025 2024
£ £
Accruals and deferred income 2,600 2,600
Total 2,600 2,600

COMMUNITY INTEREST ANNUAL REPORT

STRATHCLYDE WING HONG ELDERLY GROUP CIC

Company Number: SC643937 (Scotland)

Year Ending: 31 March 2025

Company activities and impact

Wing Hong Elderly Group (Wing Hong) was established in 1989 and is based in Garnethill, Glasgow. Wing Hong exists to promote equal opportunities for the Chinese elderly community in accessing various social, health, welfare, and housing service provision. The purpose of Wing Hong is to improve the health and well-being of older Chinese community members residing in Glasgow and its surrounding areas. Our objectives are to enhance the quality-of-service users’ lives by reducing loneliness and isolation as well as maintaining and improving their independence. Wing Hong also promotes healthy lifestyle choices and raises awareness of the needs of elderly Chinese community members. Wing Hong serves the needs of our members by combining day centre provision with community facilities where they can meet like-minded members of the community as well as other Chinese people. This allows them to have lunch together and organise a diverse range of activities enabling them to participate in the social, economic, and cultural life of the city. The year 2025 marked the 36th Year of Wing Hong. All these years of experience have given us the ability to manage and deliver a community-led service and project to a high standard. Wing Hong has gained the reputation of a one-stop-centre for the elderly to participate in social activities, meet with friends and request help and support for a range of matters impacting their daily lives. Currently, Wing Hong Centre remains the only day centre which provides help and assistance to the Chinese elderly community and delivers a lunch club that caters to the cultural needs of Chinese service users in Scotland. As the Chinese community is now widely distributed across Glasgow, our centre plays an important role in maintaining and improving community ties and preserving our Chinese heritage.

Consultation with stakeholders

Wing Hong Chinese Elderly Centre is the only major day care centre in the Scotland that caters specifically for Chinese pensioners. The charity helps to improve the quality of life for its members by offering appropriate, culturally sensitive assistance on medical, social and daily matters, as well as providing recreational facilities in the centre premises. The Centre has been operating for 36 years thanks to the hard work of the staff members, Board Members, volunteers and support from Glasgow City Council, Funders and partner organisations. Throughout the 2024-2025 financial year, our project has made significant strides in enriching the lives of elderly Chinese community members in Glasgow and strengthening community bonds. Below are some key highlights and achievements that demonstrate our continued impact and growth.

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
27 October 2025

And signed on behalf of the board by:
Name: Ms Yat Tai Tsang
Status: Director