THE SHOLLOND TRUST
(Registered charity no. 1059551)
REPORT AND RECEIPTS & PAYMENTS ACCOUNTS For the year ended 31 December 2020
CONTENTS
| Page | |
|---|---|
| Legal and administrative information | 1 |
| Trustees' Report | 2 |
| Independent examiner's report | 4 |
| Receipts and payments account | 5 |
| Statement of assets and liabilities | 6 |
THE SHOLLOND TRUST
REFERENCE AND ADMINISTRATIVE DETAILS For the year ended 31 December 2020
| Trustees | Judy Bruce (Chair) |
|---|---|
| Adam Lee (Treasurer) | |
| William Garside | |
| John Hawkins | |
| Colin Oliver | |
| Bob Shaw | |
| Co-ordinator | Richard Lang |
| Charity reg. no. | 1059551 |
| Registered office | 87b Cazenove Road |
| London | |
| N16 6BB | |
| Telephone/fax | 0207 6868 752 |
| Web-site | www.headless.org |
| Independent examiner | Simon Erskine FCA FCIE DChA |
| 61 Mortimer Road | |
| London | |
| NW10 5QR | |
| Bankers | National Westminster Bank |
| 198 Stoke Newington High Street | |
| London | |
| N16 4GA | |
| Investment managers | Rathbone Investment Management Limited |
| 159 Bond Street | |
| London | |
| W1Y 9PA |
The Shollond Trust was established under a trust deed dated 9 November 1996 and was registered with the Charity Commission for England and Wales on 5 December 1996 under reference 1059551.
Its primary purpose is to promote the mental and moral wellbeing of the community by propagating and disseminating the teachings of Douglas Harding with the aim of realising the core teachings of the great religions.
1
THE SHOLLOND TRUST
TRUSTEES' REPORT
For the year ended 31 December 2020
The Trustees submit their annual report and the Receipts and Payments accounts of The Shollond Trust for the year ended 31 December 2020.
The Receipts and Payments accounts have been prepared according to guidance from the Charity Commission.
Objects
The Trust is established to promote the mental and moral improvement of the community by propagating and disseminating the teachings of Douglas Harding with the aim of realising the core teaching of the great religions.
Structure, governance and management
The Trustees who served during the year and are serving currently are shown on page 1. The Trustees all give their time freely. The Trust is administered by the Co-ordinator, Richard Lang, who was appointed by the Trustees in November 1996 when it was formed. Richard's pay was £1,500 per month up to October 2020 and £2,000 per month thereafter (plus expenses).
New Trustees are recruited, usually on the recommendation of the Co-ordinator, for their ability to make a contribution to the pursuit of the objects or the management of the Charity. They are appointed by resolution of the Trustees as laid down in the Trust Deed.
Review of activities and achievements
The policy of the Trust is to disseminate the ideas of Douglas Harding as widely as possible through publications, workshops and other appropriate media and channels.
During 2020 the website continued to be an effective channel for facilitating exchange between the public and the Trust with many people corresponding with the Co-ordinator by email. Both the Trust's YouTube channel and its podcasts remain popular. Richard Lang, the co-ordinator, has continued to add content.
During 2020 The Science of the 1st Person by Douglas Harding was republished, and Stepping Into Brilliant Air by Colin Oliver. Other books have been published in Spanish and Italian. The main work during the year in terms of publishing has been continuing the enormous task of preparing for publication the original version of The Hierarchy of Heaven and Earth, much of this work being carried out by Mary Blight. It should be ready for publication early in 2021.
The online free weekly video meetings grow in popularity. At weekends there are usually more than 40 participants. Usually there are one or two new participants in a meeting, but the overwhelming majority are regular attendees. In other words, the online community is not only slowly growing but enjoying a fairly stable base of people. People find the meetings of great value.
The production of the new version of the Youniverse Explorer model was completed and delivered at the beginning of the year. It began selling well, but sales were interrupted by the pandemic.
Richard Lang’s recorded conversation with the American podcaster Sam Harris was published at the beginning of the year and has resulted in a lot more email enquiries. Richard has also been interviewed on other podcasts, and these have also brought in more interest to the work of the Trust. Richard has also been giving online workshops.
2
THE SHOLLOND TRUST
TRUSTEES' REPORT
For the year ended 31 December 2020
John Hawkins has also been facilitating weekly zoom meetings, and a weekly introductory online workshop, with much appreciation from participants. And other friends have been setting up other online activities, including a regular Monday meeting, a book club, a women’s group facilitated by Judy Bruce, a monthly discussion group facilitated by Bill Garside, and a group on creativity.
The Summer Gathering this year was cancelled because of the pandemic.
During 2020 the Trust purchased a film of Douglas and Catherine Harding giving a workshop in France. Richard Lang has edited this film and has been adding extracts to the Trust’s YouTube channel and podcast channel.
Special thanks as usual to Sam & Mary Blight for the hours of help freely given for managing the website and publishing of books.
Public benefit
When planning our activities for the year, the Trustees have considered the Charity Commission’s guidance on public benefit.
Financial review
The Trust receives £1,000 quarterly from the investment managers, Rathbone Investment Management Limited, from the portfolio of shares they manage for the Trust. The Trust also receives monies from the sale of books and donations. Full details of the receipts and payments for the year are given on page 5.
The Endowment fund represents a portfolio of shares gifted to the Trust during 1997 on the understanding that the income could be used for its general purposes. The Settlor of the fund has given permission for the capital to be utilised at the discretion of the Trustees and in practice the excess of amounts withdrawn from the portfolio over the investment income less investment management fees is transferred each year from the Endowment fund to the General fund. At the year end the balance on the Endowment fund was represented entirely by investments.
The Trust's policy is to maintain its general reserve (i.e. net assets excluding investments) between 6 and 12 months' running costs.
Related party transactions
Trustees do not receive any remuneration or reimbursed expenses. The Co-ordinator receives amounts from the Trust, as shown in the Receipts and Payments Account, for his fees as Co-ordinator, for his fees running workshops (where he is paid the amounts received from participants), and for office heat and light for his office at home.
Independent examiner
The Charity's independent examiner, Simon Erskine FCA FCIE DChA, has indicated his willingness to continue in office and offers himself for re-appointment.
This report was approved by the Trustees on 27 March 2021 and signed on their behalf by:
Judy Bruce
Chair
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE SHOLLOND TRUST
I report to the charity trustees on my examination of the accounts of The Shollond Trust for the year ended 31 December 2020 which are set out on pages 5 and 6.
This report is made solely to the Trustees, as a body, in accordance with regulations made under section 154 of the Charities Act 2011. My work has been undertaken so that I might state to the Trustees matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Trustees for my independent examination work, for this report, or for the statement I have given below.
Responsibilities and basis of report
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Simon Erskine FCA FCIE DChA
61 Mortimer Road London NW10 5QR Date:
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| Charity Name The Shollond Trust |
Charity Name The Shollond Trust |
Charity Name The Shollond Trust |
No 1059551 |
No 1059551 |
No 1059551 |
CC16a | |
|---|---|---|---|---|---|---|---|
| For the period from |
Period start date 1 January2020 |
To | Period end date 31 December 2020 |
||||
| Section A Receipts and payments | |||||||
| A1 Receipts Sale of books, videos etc.. Workshops Dividends Donations Gift Aid claim received Royalties Other income Sub total(Gross income for AR) |
Unrestricted funds to the nearest £ 48,594 1,433 2,411 6,132 4,476 326 663 64,035 3,994 3,994 68,029 19,000 1,433 1,119 3,085 278 600 4,133 - 276 623 1,437 - 1,100 33,084 - - 33,084 34,945 (729) 16,310 50,526 |
Restricted funds to the nearest £ - - - - - - - - - - - - - - - - |
Endowment funds to the nearest £ - - - - - - 729 - 729 - - 729 (729) 729 - - |
Total funds to the nearest £ 48,594 1,433 2,411 6,132 4,476 326 663 64,035 3,994 3,994 68,029 19,000 1,433 1,119 3,085 278 600 4,133 - 276 623 1,437 729 1,100 33,813 - - 33,813 34,216 |
Last year to the nearest £ |
||
| 30,425 | |||||||
| 1,347 | |||||||
| 2,399 | |||||||
| 19,858 | |||||||
| - | |||||||
| 292 | |||||||
| 190 | |||||||
| 54,511 | |||||||
| A2 Asset and investment sales, etc. |
|||||||
| Sales of investments Sub total |
3,994 | 6,592 | |||||
| 3,994 | 6,592 | ||||||
| Total receipts A3 Payments Co-ordinator's fees Workshops Zoom webinars Internet, postage, telephone Printing, scanning and stationery Office light and heat Cost of books, videos etc.. Sundry expenses Miscellaneous Website work Computer and equipment costs Investment management fees Independent examination fees **Sub total ** |
|||||||
| 61,103 | |||||||
| 15,000 | |||||||
| 1,348 | |||||||
| - | |||||||
| 1,786 | |||||||
| 277 | |||||||
| 600 | |||||||
| 26,012 | |||||||
| - 204 | |||||||
| 670 | |||||||
| 571 | |||||||
| 4,141 | |||||||
| 763 | |||||||
| 1,100 | |||||||
| 52,064 | |||||||
| A4 Asset and investment purchases, etc. |
|||||||
| Purchases of investments Sub total |
- | 4,888 | |||||
| - | 4,888 | ||||||
| Total payments Net of receipts/(payments) A5 Transfers between funds A6 Cash funds last year end Cash funds this year end |
|||||||
| 56,952 | |||||||
| 34,945 | - | (729) | 34,216 | 4,151 | |||
| (729) | - | 729 | - | - | |||
| 16,310 | - | - | 16,310 | 12,159 | |||
| 50,526 | - | - | 50,526 | 16,310 |
5
Section B Statement of assets and liabilities at the end of the period
| Categories Signed by one or two trustees on behalf of all the trustees B1 Cash funds B2 Other monetary assets B3 Investment assets B4 Assets retained for the charity’s own use B5 Liabilities |
(agree balances with receipts and payments account(s)) Details Bank account Investment manager's capital account Total cash funds Details Gift Aid debtor Details Investments with Rathbones excluding cash Details Details Accrued independent examination fee Signature |
Unrestricted funds Restricted funds to nearest £ to nearest £ 47,059 - 3,467 - - - 50,526 - OK OK Unrestricted funds Restricted funds to nearest £ to nearest £ 400 - - - - - - - - - - - Fund to which asset belongs Cost (optional) Endowment fund 39,166 - - Fund to which asset belongs Cost (optional) - - - - - - - - - Fund to which liability relates Amount due (optional) Unrestricted 1,100 - - - - Print Name Judy Bruce, Chair Adam Lee, Treasurer |
Endowment funds to nearest £ |
|---|---|---|---|
| - | |||
| - | |||
| - | |||
| - | |||
| OK | |||
| Endowment funds to nearest £ |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| Current value (optional) |
|||
| 77,860 | |||
| - | |||
| Current value (optional) |
|||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| - | |||
| When due (optional) |
|||
| Date of approval |
|||
| Judy Bruce, Chair | 27 March 2021 | ||
| Adam Lee, Treasurer | 27 March 2021 |
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