OVERSEAS CHINESE ASSOCIATION (SOUTH WEST REGION)
Current activities include: Chinese language school for children, Elderly People's Club, Womens' Group, social outings, annual dinner and festivity celebrations, translation services & courses for members
Financial health, per its FY2025 accounts
The accounts state that the association reported a net deficit of £17,021 for the year ended 31 March 2025, with total incoming resources of £74,311 against resources expended of £91,332. The trustees' report notes that reserves are limited and the association does not currently have an investment policy, though it aims to maintain reserves of at least £10,000. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts.
What the accounts disclose
“The committee has decided that the association should maintain reserves of at least £10,000 at any one time as part of the association’s contingency management.” — page 2
Trustees
- AMELIA LEUNG
- RAYMOND WAN SUN WONG MBE
- Tai Wah Yuen
- WAN LOY WONG
- Yuk Yiu WONG
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/03/2025 | £74k | £91k |
| 31/03/2024 | £50k | £67k |
| 31/03/2023 | £46k | £68k |
| 31/03/2022 | £111k | £43k |
| 31/03/2021 | £42k | £42k |
Common questions
Is OVERSEAS CHINESE ASSOCIATION (SOUTH WEST REGION) financially healthy?
Per its FY2025 accounts: The accounts state that the association reported a net deficit of £17,021 for the year ended 31 March 2025, with total incoming resources of £74,311 against resources expended of £91,332. The trustees' report notes that reserves are limited and the association does not currently have an investment policy, though it aims to maintain reserves of at least £10,000. The independent examiner confirmed that no material matters came to their attention that would cause concern regarding the accounts. Its FY2025 accounts were independently examined.
Government & lottery funding
| Funder | Date | Amount | Purpose |
|---|---|---|---|
| The National Lottery Community Fund | 07/03/2013 | £8k | To purchase essential equipment and arrange extra activities |