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# HARINGEY CHINESE CENTRE

## Company limited by guarantee

## Company Registration Number:
02575177 (England and Wales)

## Unaudited statutory accounts for the year ended 31 March 2025

## Period of accounts

## Start date: 1 April 2024

## End date: 31 March 2025

# HARINGEY CHINESE CENTRE

## Contents of the Financial Statements

for the Period Ended 31 March 2025

Directors report |
Profit and loss |
Balance sheet |
Additional notes |
Balance sheet notes |

# HARINGEY CHINESE CENTRE

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

The charitable company is dedicated to advancing the well-being of the residents of Haringey and its surrounding neighbourhoods, with a particular focus on the Chinese community. Our objectives include fostering cooperation among local authorities, voluntary organisations, and residents to enhance education and provide facilities for social welfare, recreation, and leisure activities. The overarching goal is to elevate the quality of life for individuals, irrespective of gender, political affiliations, religious beliefs, or other opinions. To achieve these objectives, we aim to establish a community centre and collaborate with local statutory authorities for its maintenance and management. Additionally, we strive to cultivate positive relationships in Haringey and its environs by combating discrimination based on race, promoting equality of opportunity, and addressing poverty within the Chinese community through the provision of advice, aid, and assistance. Our commitment extends to facilitating the integration of the Chinese community into mainstream society, fostering community involvement, and promoting cohesion. The policies implemented to fulfil these objectives encompass the provision of information, advice, advocacy, and training. We support vulnerable members by offering appropriate care, providing advice on healthy living, and facilitating referrals to health services. Furthermore, we address social isolation by organising cultural and social activities, along with joint events in collaboration with Haringey Council and other local community organisations to combat exclusion. In alignment with guidance from the Charity Commission, the trustees have carefully considered the activities undertaken by the charitable company. Our centre remains steadfast in delivering a diverse range of services to meet the evolving needs of the Chinese community in Haringey and the surrounding boroughs.

Directors

The directors shown below have held office during the period of
31 March 2025 to 31 March 2025

Gavin Fung
Chan Keung Ho
Men Lin Chen
Khoi Lai Tang
Denise Ng
Helena Ng
Hoi Yat Tsoi
Winnie Li

Secretary Winnie Li

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
29 January 2026

And signed on behalf of the board by:
Name: Gavin Fung
Status: Director

# HARINGEY CHINESE CENTRE

## Profit And Loss Account

for the Period Ended 31 March 2025

| 2025 | 2024
--- | --- | ---
| £ | £
Turnover: | 85,563 | 88,474
Gross profit(or loss): | 85,563 | 88,474
Administrative expenses: | ( 109,726 ) | ( 115,340 )
Operating profit(or loss): | (24,163) | (26,866)
Profit(or loss) before tax: | (24,163) | (26,866)
Profit(or loss) for the financial year: | (24,163) | (26,866)

# HARINGEY CHINESE CENTRE

## Balance sheet

As at 31 March 2025

| Notes | 2025 | 2024
--- | --- | --- | ---
|  | £ | £
Fixed assets
Tangible assets: | 3 | 241,414 | 241,811
Investments: | 4 | 390,000 | 410,000
Total fixed assets: |  | 631,414 | 651,811
Current assets
Cash at bank and in hand: |  | 68,669 | 92,435
Total current assets: |  | 68,669 | 92,435
Net current assets (liabilities): |  | 68,669 | 92,435
Total assets less current liabilities: |  | 700,083 | 744,246
Total net assets (liabilities): |  | 700,083 | 744,246
Members' funds
Profit and loss account: |  | 700,083 | 744,246
Total members' funds: |  | 700,083 | 744,246

The notes form part of these financial statements

# HARINGEY CHINESE CENTRE

## 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 29 January 2026
and signed on behalf of the board by:

Name: Gavin Fung
Status: Director

The notes form part of these financial statements

# HARINGEY CHINESE CENTRE

## 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 Section 1A (Small Entities) of Financial Reporting Standard 102

  Turnover policy

  Income is recognised when the charitable company is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received. Cash donations are recognised on receipt. Other donations are recognised once the charitable company has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income from government and other grants, whether 'capital' grants or 'revenue' grants, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable that the income will be received and the amount can be measured reliably and is not deferred. Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank.

  Tangible fixed assets depreciation policy

  Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases: Land and buildings: not depreciated Plant and equipment: 25% reducing balance Freehold land is not depreciated. Freehold property is not depreciated due to high residual value of the property. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.

  Valuation information and policy

  Freehold land is not depreciated. Freehold property is not depreciated due to high residual value of the property. The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss. At each reporting end date, the charitable company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).

# HARINGEY CHINESE CENTRE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

- ## 2. Employees

  | 2025 | 2024
  --- | --- | ---
  Average number of employees during the period | 7 | 8

# HARINGEY CHINESE CENTRE

## 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 | 240,223 | 98,788 |  |  |  | 339,011
Additions |  |  |  |  |  |
Disposals |  |  |  |  |  |
Revaluations |  |  |  |  |  |
Transfers |  |  |  |  |  |
At 31 March 2025 | 240,223 | 98,788 |  |  |  | 339,011
Depreciation |  |  |  |  |  |
At 1 April 2024 |  | 97,200 |  |  |  | 97,200
Charge for year |  | 397 |  |  |  | 397
On disposals |  |  |  |  |  |
Other adjustments |  |  |  |  |  |
At 31 March 2025 |  | 97,597 |  |  |  | 97,597
Net book value |  |  |  |  |  |
At 31 March 2025 | 240,223 | 1,191 |  |  |  | 241,414
At 31 March 2024 | 240,223 | 1,588 |  |  |  | 241,811

# HARINGEY CHINESE CENTRE

## Notes to the Financial Statements

for the Period Ended 31 March 2025

## 4. Fixed assets investments note

Investment property comprises two ground floor retail units in Langham Parade and Langham Road, London. The fair value of the investment property has been arrived at on the basis of a valuation carried out by Capital Homes, who are not connected with the charitable company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties in October 2025.