ASIA HOUSE

Charity number: 1072696
Charity reporting is up to date (on time)

Charity overview

Activities - how the charity spends its money

THE AIMS OF THE CHARITY ARE - TO PROMOTE APPRECIATION AND UNDERSTANDING OF ASIAN COUNTRIES AND SOCIETIES, THEIR CULTURES, ARTS AND RELIGIONS - TO FOSTER CLOSER COMMUNICATION BETWEEN THE PEOPLES OF ASIA AND THE UK - TO EDUCATE THE CHILDREN OF THE UK ABOUT THE COUNTRIES OF ASIA IN PREPARATION FOR THE WORLD OF TOMORROW IN WHICH ASIA WILL PLAY A LEADING ROLE

Income and expenditure

Data for financial year ending 31 December 2023

Total income:
£1,973,834

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Donations and legacies £150.00k
Charitable activities £1.69m
Other trading activities £0
Investments £129.16k
Other £991

Total expenditure:
£2,387,825

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Raising funds £0
Charitable activities £430.24k
Other £1.96m

£294,115 investments gains (losses)

Charitable expenditure

Charitable expenditure

Some charities generate all, or a substantial part, of their income from investments which may have been donated to the charity as endowment or set aside by the charity from its own resources in the past. Such investments usually take the form of stocks and shares but may include other assets, such as property, that are capable of generating income and/or capital growth.

In managing their spending and investments charities need to strike a balance between the needs of future and current beneficiaries. They also need to take account of spending commitments that may stretch over a number of future years. To do this, charities will normally adopt an investment strategy designed to generate both income and capital growth. To maximise returns trustees may commit to investment strategies for several years.

Investments can experience large swings in value so trustees may, in a particular year, decide to realise and spend part of their charity’s capital or to invest part of its income.

By clicking the investment gains checkbox the charitable spending bar is adjusted to take account of capital growth as well as income. This shows the balance the charity is striking, between spending on current beneficiaries and retaining resources for future beneficiaries.

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Raising funds and other expenditure £1.96m
Charitable expenditure £430.24k

People

17 Employee(s)

12 Trustee(s)

Employees with total benefits over £60,000

Number of employees
£70k to £80k 1
£90k to £100k 1
£250k to £300k 1

Fundraising

No information available

Trading

One or more trustees are also directors of the subsidiaries

Trustee payments

No trustees receive any remuneration, payments or benefits from the charity.

What, who, how, where

What the charity does:
  • General Charitable Purposes
  • Education/training
  • Arts/culture/heritage/science
  • Recreation
Who the charity helps:
  • Children/young People
  • People Of A Particular Ethnic Or Racial Origin
  • The General Public/mankind
How the charity helps:
  • Provides Buildings/facilities/open Space
  • Provides Services
  • Provides Advocacy/advice/information
  • Acts As An Umbrella Or Resource Body
Where the charity operates:
  • Throughout England And Wales

Governance

Registration history:
  • 02 December 1998: Standard registration
Organisation type:
Charitable company
Other names:

No other names

Company number:
03312073 Open in new window
Gift aid:
Recognised by HMRC for gift aid
Other regulators:
No information available
Policies:
  • Bullying and harassment policy and procedures
  • Complaints handling
  • Complaints policy and procedures
  • Conflicting interests
  • Financial reserves policy and procedures
  • Internal charity financial controls policy and procedures
  • Internal risk management policy and procedures
  • Investing charity funds policy and procedures
  • Investment
  • Paying staff
  • Risk management
  • Safeguarding policy and procedures
  • Safeguarding vulnerable beneficiaries
  • Serious incident reporting policy and procedures
  • Social media policy and procedures
  • Trustee conflicts of interest policy and procedures
  • Trustee expenses policy and procedures
  • Volunteer management
Land and property:
This charity owns and/or leases land or property

Trustees

Trustees are the people responsible for controlling the work, management and administration of the charity on behalf of its beneficiaries. Generally trustees are treasurer, chair, board member etc. The trustees are responsible for keeping this list up to date and can do this by updating their details as they happen through the online service

12 Trustee(s)

Name Role Date of appointment Other trusteeships Reporting status of other trusteeships
Lord Stephen Keith Green Chair 12 January 2014
THE ARCHBISHOP OF CANTERBURY'S ANGLICAN COMMUNION FUND
Received: On time
THE BISHOP RADFORD TRUST
Received: On time
Dominic Stephen Barton Trustee 20 March 2025
None on record
Daisy Devassy Chittilapilly Trustee 19 September 2024
None on record
Duncan Buchanan Trustee 20 June 2024
None on record
Yuval Atsmon Trustee 29 March 2023
None on record
Dee Poon Trustee 01 January 2023
None on record
PATRICK WONG Trustee 01 January 2023
THE HARROW DEVELOPMENT TRUST
Received: On time
Dr Alan James Belfield Trustee 22 June 2021
None on record
Tanuj KAPILASHRAMI Trustee 04 March 2020
STANDARD CHARTERED FOUNDATION
Received: On time
Shen Yuhong Wang Trustee 18 September 2019
None on record
Edward Knapp Trustee 18 September 2019
None on record
Sir Sherard Cowper-Coles Trustee 17 March 2016
None on record

Financial history

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Financial period end date

Income / Expenditure 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Total gross income £2.26m £1.17m £1.18m £1.86m £1.97m
Total expenditure £2.31m £1.77m £1.46m £1.87m £2.39m
Income from government contracts N/A N/A N/A N/A N/A
Income from government grants N/A £78.99k N/A N/A N/A
Income - Donations and legacies £155.05k £166.26k £161.50k £150.00k £150.00k
Income - Other trading activities £0 £0 £940.84k £1.56m £0
Income - Charitable activities £61.52k £85.70k £0 £0 £1.69m
Income - Endowments £0 £0 £0 £0 £0
Income - Investment £165.88k £85.44k £81.37k £66.50k £129.16k
Income - Other £1.87m £833.35k £0 £79.42k £991
Income - Legacies £0 £0 £0 £0 £0
Expenditure - Charitable activities £1.16m £226.08k £253.61k £366.76k £430.24k
Expenditure - Raising funds £0 £23.90k £0 £22.83k £0
Expenditure - Governance £12.51k £21.71k £49.00k £91.63k £100.88k
Expenditure - Grants institution £0 £0 £0 £0 £0
Expenditure - Investment management £0 £23.90k £0 £22.83k £0
Expenditure - Other £1.15m £1.52m £1.21m £1.48m £1.96m

Assets and liabilities

Definitions for assets and liabilities
Own use assets

These are assets, other than investments, which are held for more than 12 months and used to run and administer the charity such as buildings, offices, exhibits and fixtures and fittings.

Long term Investments

Investments are assets held by the charity with the sole aim of generating income which will be used for their charitable purposes such as deposit accounts, shares, rental property and unit trusts.
Investment assets are re-valued every year and included in the balance sheet at their current market value.
Long term investments are held for more than 12 months.

Other assets

These are assets held generally for less than 12 months such as cash and bank balances, debtors, investments to be sold within the coming year and trading stock.

Defined benefit pension scheme asset or liability

This is a surplus or deficit in any defined benefit pension scheme operated and represents a potential long-term asset or liability.

Total liabilities

These are all the amounts owed by the charity at the balance sheet date to third parties such as bills due but not yet paid, bank overdrafts and loans and mortgages.

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Asset / Liability 31/12/2019 31/12/2020 31/12/2021 31/12/2022 31/12/2023
Own use assets £9.84m £9.74m £10.11m £10.01m £9.93m
Long-term investments £3.65m £3.38m £3.72m £3.04m £3.21m
Other assets £1.02m £1.14m £770.21k £698.36k £647.37k
Defined benefit pension scheme asset or liability £0 £0 £0 £0 £0
Total liabilities £5.06m £4.93m £4.75m £4.64m £5.02m

Accounts and annual returns

This table shows the charity's record of submitting annual returns, accounts and trustees' annual report (TAR) for the last five financial periods.
Title Reporting year Date received Received Download
Annual return 31 December 2023 09 October 2024 On Time
Accounts and TAR 31 December 2023 09 October 2024 On Time Download Open in new window
Annual return 31 December 2022 24 October 2023 On Time
Accounts and TAR 31 December 2022 24 October 2023 On Time Download Open in new window
Annual return 31 December 2021 31 October 2022 On Time
Accounts and TAR 31 December 2021 31 October 2022 On Time Download Open in new window
Annual return 31 December 2020 28 October 2021 On Time
Accounts and TAR 31 December 2020 28 October 2021 On Time Download Open in new window
Annual return 31 December 2019 06 October 2020 On Time
Accounts and TAR 31 December 2019 06 October 2020 On Time Download Open in new window
Submit annual return Open in new window

Governing document

Details of the type of governing document the charity has and when it was established.
It is not the full text of the charity's governing document.

MEMORANDUM AND ARTICLES OF ASSOCIATION INCORPORATED 29 JANUARY 1997 AS AMENDED BY SPECIAL RESOLUTIONS DATED 24 MARCH 2005 AND 05 JULY 2007 as amended on 12 Jun 2024

Charitable objects

The Objects of the Charity are for the public benefit to educate the public in: 4.1.1 the knowledge and understanding of the peoples and countries of the continent of Asia and of their past and present social and economic development; and 4.1.2 the appreciation of Asian culture, arts, philosophy and history, by such means as the Trustees may from time to time determine. Asia means those regions of the world which on the first day of November one thousand nine hundred and seventy six were bordered on the north by the USSR but including Soviet Central Asia and Mongolia, on the west by the Caspian, Black and Mediterranean Seas, the River Nile and the Red Sea and the Indian Ocean, on the south by the Indian Ocean extending through to the Timor and Arafura Seas, to the north of Australia and on the east by the Pacific Ocean thereby including Middle and Near Eastern countries from Turkey to the Arabian peninsula the Indian sub- continent and adjoining countries, the Malay peninsula, Indonesia and the Philippines, South-east Asia, China, Korea and Japan and the islands of the China Sea, the Pacific Ocean and the Indian Ocean which either culturally or geographically relate to the Asian mainland such as the Maldives in the Indian Ocean and the Ryukyu Islands in the Pacific Ocean.

Area of benefit

The area the charity can operate in, as set out in its governing document.

NOT DEFINED

Contact information

Address:
63 NEW CAVENDISH STREET
LONDON
W1G 7LP
Phone:
02073075461
Email:
enquiries@asiahouse.co.uk
Website:

www.asiahouse.org Open in new window