ISLINGTON CHINESE ASSOCIATION
A Centre of Excellence providing diverse services and activities to the Chinese and wider community of all age groups and background. Activities include social, recreational, educational, cultural, welfare and information as well as health.
Financial health, per its FY2025 accounts
The accounts state that the charity reported a deficit of £36,643 for the year ended 31 March 2025, primarily due to a significant drop in grant income and increased costs. Despite this deficit, the charity holds unrestricted reserves of £322,262, which the trustees confirm far exceed their stated policy target of covering 3-6 months of running expenditure. The trustees consider the charity to have adequate resources to continue in business for the next 12 months, although they note a dependency on continuing grant aid.
What the accounts disclose
“ICA’s reserves policy mandates that reserves should cover a minimum of 3-6 months of running expenditure.” — page 8
“The charity is dependent on continuing grant aid and as a consequence the going concern basis is also dependent on continuing grant aid. The directors/trustees have considered future cash flows and the going concern position of the charity . They are satisfied that the charity has adequate resources to continue in business for the next 12 months and foreseeable future.” — page 15
Funders the charity credits
- London City Bridge Trust Committee of the City Bridge Foundation
Trustees
- Bo Kay Helen Joanne Benita Chungchair
- Carolyn Sir Cheng Zhuang
- Dr Stephen Lui Nam NG MBE
- Florence Yee Fan AU
- Frank Kuang Sing Lee
- Ka Tsun Tsang
- Lai Shan Yvonne Siu
- Perry Siu Hung Fung
- Wyman Wong
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £305k | £342k |
| 31/03/2024 | £382k | £334k |
| 31/03/2023 | £339k | £322k |
| 31/03/2022 | £261k | £246k |
| 31/03/2021 | £141k | £146k |
Common questions
Is ISLINGTON CHINESE ASSOCIATION financially healthy?
Per its FY2025 accounts: The accounts state that the charity reported a deficit of £36,643 for the year ended 31 March 2025, primarily due to a significant drop in grant income and increased costs. Despite this deficit, the charity holds unrestricted reserves of £322,262, which the trustees confirm far exceed their stated policy target of covering 3-6 months of running expenditure. The trustees consider the charity to have adequate resources to continue in business for the next 12 months, although they note a dependency on continuing grant aid. Its FY2025 accounts were independently examined.
Who funds ISLINGTON CHINESE ASSOCIATION?
Funders whose own accounts filings name ISLINGTON CHINESE ASSOCIATION as a grant recipient include CRIPPLEGATE FOUNDATION.
Known funders
| Funder | Year | Amount | Purpose (as stated by the funder) |
|---|---|---|---|
| CRIPPLEGATE FOUNDATION | FY2025 | £15k | Cripplegate Foundation Main Grants |
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| Greater London Authority | 26/07/2023 | £19k | Realising Effective Hong Kong Community |
| Greater London Authority (GLA) | 26/07/2023 | £19k | Realising Effective Hong Kong Community |
| City Bridge Foundation | 08/07/2020 | £249k | Grant to ISLINGTON CHINESE ASSOCIATION |
| The National Lottery Community Fund | 03/05/2019 | £10k | STAYING WELL-BALANCED |
| The National Lottery Community Fund | 19/12/2016 | £4k | Celebrating 30 Years of Community Partnership |
| Sport England | 27/09/2013 | £45k | Sports For All |
| City Bridge Foundation | 17/02/2011 | £77k | Grant to ISLINGTON CHINESE ASSOCIATION |
| The National Lottery Heritage Fund | 08/06/2010 | £50k | "Legacy of Limehouse Chinatown" |
| The National Lottery Community Fund | 08/12/2006 | £5k | Islington Children Chinese Music Ensemble |
| The National Lottery Community Fund | 20/07/2005 | £5k | Healthy Eating for Children |
| The National Lottery Heritage Fund | 17/09/2003 | £5k | "This Group Has Been Runningfor Over 15 Years And In That Time Has Provided A Range Of Community Services Such As Supplementary Schooling And" |
| The National Lottery Heritage Fund | 18/09/2001 | £5k | "This group provides social, leisure and educational activities for the Chinese community. The award will pay for the production of a book do" |
| The National Lottery Heritage Fund | 06/06/2000 | £5k | "This group provides a pensioners luncheon/social club and meals-in-the-home services open 5 days a week. Dance classes english and mandarin" |