THE HONG KONG SCOTS CIC

Company limited by guarantee

Company Registration Number:
SC728635 (Scotland)

Unaudited statutory accounts for the year ended 30 April 2025

Period of accounts

Start date: 1 May 2024

End date: 30 April 2025

THE HONG KONG SCOTS CIC

Contents of the Financial Statements

for the Period Ended 30 April 2025

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

THE HONG KONG SCOTS CIC

Profit And Loss Account

for the Period Ended 30 April 2025

2025 2024


£

£
Turnover: 8,629 12,767
Gross profit(or loss): 8,629 12,767
Administrative expenses: ( 5,023 )
Other operating income: 25
Operating profit(or loss): 8,654 7,744
Interest payable and similar charges: ( 10,716 ) ( 8,915 )
Profit(or loss) before tax: (2,062) (1,171)
Profit(or loss) for the financial year: (2,062) (1,171)

THE HONG KONG SCOTS CIC

Balance sheet

As at 30 April 2025

Notes 2025 2024


£

£
Fixed assets
Tangible assets: 3 0 641
Total fixed assets: 0 641
Current assets
Cash at bank and in hand: 2,761 4,174
Total current assets: 2,761 4,174
Prepayments and accrued income: 733
Creditors: amounts falling due within one year: 4 ( 6,023 )
Net current assets (liabilities): 2,761 (1,116)
Total assets less current liabilities: 2,761 ( 475)
Creditors: amounts falling due after more than one year: 5 ( 2,073 ) ( 6,000 )
Total net assets (liabilities): 688 (6,475)
Members' funds
Profit and loss account: 688 ( 6,475)
Total members' funds: 688 (6,475)

The notes form part of these financial statements

THE HONG KONG SCOTS CIC

Balance sheet statements

For the year ending 30 April 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 14 January 2026
and signed on behalf of the board by:

Name: Tsz Kin Kwok
Status: Director

The notes form part of these financial statements

THE HONG KONG SCOTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 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

THE HONG KONG SCOTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

  • 2. Employees

    2025 2024
    Average number of employees during the period 0 0

    Tsz Kin Kwok, the director, took an honorarium to perform activities commissioned by the Council of Scottish Local Authorities (COSLA) on behalf of the Hong Kong Scots CIC. Mr Kwok is not an employee of the Hong Kong Scots CIC.

THE HONG KONG SCOTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

3. Tangible assets

Land & buildings Plant & machinery Fixtures & fittings Office equipment Motor vehicles Total
Cost £ £ £ £ £ £
At 1 May 2024 641 641
Additions
Disposals ( 641 ) ( 641 )
Revaluations
Transfers
At 30 April 2025 0 0
Depreciation
At 1 May 2024
Charge for year
On disposals
Other adjustments
At 30 April 2025
Net book value
At 30 April 2025 0 0
At 30 April 2024 641 641

THE HONG KONG SCOTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

4. Creditors: amounts falling due within one year note

  2024
  £
Other creditors 6,023
Total   6,023

THE HONG KONG SCOTS CIC

Notes to the Financial Statements

for the Period Ended 30 April 2025

5. Creditors: amounts falling due after more than one year note

2025 2024
£ £
Other creditors 2,073 6,000
Total 2,073 6,000

The Hong Kong Scots CIC is dedicated to settling obligations to its creditors that are due in over a year. Negotiations will begin in the financial year 2025/26.

COMMUNITY INTEREST ANNUAL REPORT

THE HONG KONG SCOTS CIC

Company Number: SC728635 (Scotland)

Year Ending: 30 April 2025

Company activities and impact

In the space provided below, please insert a general account of the company’s activities in the financial year to which the report relates, including a description of how they have benefited the community. During the financial year 2024/25, the organisation's activities have benefited the community in the following ways: New Scots with Hong Kong heritage have been able to access signposting services either by visiting our online platforms (website, Facebook, X [formerly Twitter], Instagram, or Signal messaging) or through regular digital communications. 1)In the financial year, 1,184 followers have been supplied with regular information through X (formerly Twitter); 2)The organisation reached approximately 1,274 individuals via digital channels (WhatsApp, Signal, email, and social media), with 742 recognised as residing in Scotland, and delivered 113 signposting actions (enquiries and cases) to connect them with appropriate services; 3)7 events were hosted between February and April 2025, comprising 3 webinars on protest rights in the UK and pest control in Scotland (serving 305 participants in total), 2 small-scale community hubs in Edinburgh (serving 7 participants), and 2 immigration and citizenship workshops in Edinburgh and Glasgow (serving 164 attendees). 4)Two seasonal leaflets were prepared to provide practical guidance on daily life, language, employment, and education, with distribution planned through community venues where Hong Kong New Scots frequently visit. 5)The organisation has provided project-based volunteering opportunities for 12 Hongkongers who are seeking asylum in Scotland. These activities have had tangible impacts, including assisting individuals with employment support (e.g., overcoming language and qualification barriers to secure full-time jobs), family integration (e.g., guidance on school enrolment and building community connections), housing difficulties (e.g., preparing documents to avoid upfront rent demands), and workplace discrimination (e.g., referrals to specialist organisations for legal and emotional support). Furthermore, after efforts made by our group along with other Hong Kong diaspora groups, the UK Government reversed the requirement for British National (Overseas) Passport holders to apply for Electronic Travel Authorisation (ETA). It kept families and friends of our communities who would like to visit Scotland and the whole UK without the need to apply for ETA. After our effort at the UN Committee on Economic, Social, and Cultural Rights, the Committee recommended the UK Government to impose Home Fee Status for BN(O) visa holders, lift off any job restriction barriers such as working as sports person, and resume integration funding for organisations helping Hongkongers relocated to the UK, including Scotland. The Scottish Government pledged to allow refugee integration funding to be used on programmes facilitating integration of Hongkongers in Scotland from October 2025 onwards.

Consultation with stakeholders

The company's stakeholders are active attendees of and followers of The Hong Kong Scots, and the Hong Kong community residing in Edinburgh and Glasgow. The company's directors used to work in the Hong Kong District Council for several years and developed the business model for the community organisation based on their experience of liaising and networking with residents. We asked every attendee to complete a short questionnaire while applying and join the debrief. The questionnaire helped us build a profile of the needs of the New Scots with Hong Kong heritage and what we can do to deliver our missions more effectively. We encouraged volunteers and affiliates who attended our activities to develop ideas for the CIC they would like to be provided in the future.

Directors' remuneration

Within the financial year, the director, Tsz Kin Kwok, received remuneration of £780 as salary for services provided in executing the SHIP 2023/24 project, and £1,600 as salary for services provided in executing the SHIP 25 project. Both projects are commissioned by the Convention of Scottish Local Authorities (COSLA).

Transfer of assets

No transfer of assets other than for full consideration

This report was approved by the board of directors on
14 January 2026

And signed on behalf of the board by:
Name: Kwan Tai Michael Mo
Status: Director