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2022-12-31-accounts

CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Rèport to the trustee51 members of Rissho Kosei-Kai of the UK On accounts for the year ended 31 December 2022 Charlty no lif any) 1072329 Set out on pages Pages 1-3 I report to the trustees on my examination ofthe accounts of the above charity ('the Trust") for the year ended 31112 12022. RgsponslbS1ities and As the charity trustees of the Trust, you are responsible for the preparation basis of report of the accounts in acGordance with the requirements of the Chanties Act 2Q11 ("the Act.) I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145{5)Ibl of the Act. I have completed my exarnination. I confirm that no material matters have come to my attention (other than that disclosed below "} in connection with the examination which gives me cause lo believe that in, any material respect.. a-counting records were not kept in accordance with sedion 130 of the Act or ttri** accounts do not accord with the accounting records Indèpendent examiner's ststement I have no concems and have come across no other matters in Gonnection with the examination to which attention should be drawn in order to enable a proper understanding of the ac¢ounts to be reached. Please delete the words in th& brackets if they do not apply. Slgned: Date: 202 Name: Helen Burrowes Relevant professlonal qualification(s) or body (if any): ACCA Address: Morgan Piose Chartered Accountants 1arl swes, Hemel Hempstead Hertfordshire, HP1 1 LD IER October 2018

Section B Discloaure Or.:y -omplele if t4e extsrp.iner rieeds lo highliJhl ni?;:p..-s of c..)iicerp (see ',ndepenc.lent ¥&xamiiialion of charity accounts.. directicty- and guidar.-e for eYani,'r.ere C32, Give here brief details of any items that the examiner wishes to disclose. IER oc.tober 2018

RISSHO KOSEI-KAI OF THE UK

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

RISSHO KOSEI-KAI OF THE UK

BUSINESS INFORMATION

Proprietor

Mr K Hosoya

Accountants

Morgan Rose Chartered Accountants 37 Marlowes HEMEL HEMPSTEAD UK HP1 1LD

RISSHO KOSEI-KAI OF THE UK

CONTENTS

Page
Accountants' report
Profit and loss account 1
Balance sheet 2
Notes to the financial statements 3

RISSHO KOSEI-KAI OF THE UK

PROFIT AND LOSS ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2022

2022
£
Turnover
98,428
Cost of sales
(6,074)
Gross profit
92,354
Administrative expenses
(122,865)
Operating (loss)/profit
(30,511)
Interest receivable and similar income
129
Interest payable and similar expenses
(6)
(Loss)/profit for the financial year
(30,388)		 2021
£
109,829
(820)
109,009
(92,896)
16,113
5
-
16,118

RISSHO KOSEI-KAI OF THE UK

BALANCE SHEET

AS AT 31 DECEMBER 2022

2022
Notes
£
Current assets
Debtors
2,999
Cash at bank
61,525
64,524
Creditors: amounts falling due within
one year
(20,218)
Net current assets
Capital account
1		 £
44,306
44,306		 2021
£
2,999
74,751
77,750
(3,056)		 £
74,694
74,694

In accordance with the engagement letter dated , I approve the financial statements set out on pages 1 to 3. I acknowledge my responsibility for the financial statements and for providing Morgan Rose Chartered Accountants with all information and explanations necessary for their compilation.

The financial statements were signed on ..........................

...................... Mr K Hosoya

RISSHO KOSEI-KAI OF THE UK

NOTES TO THE ACCOUNTS

FOR THE YEAR ENDED 31 DECEMBER 2022

1 Capital account

Capital account
2022
£
Opening balance
74,694
(Loss)/profit
(30,388)
Closing balance
44,306		 2021
£
58,576
16,118
74,694

Trustees’ Annual Report for the period

From 1 January 2022 To 31 December 2022

Charity name: Rissho Kosei-kai of the UK

Charity registration number: 1072329

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 The advancement of the Buddhist
religion in particular but not so as to
**limit the generality of the foregoing. **
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.		 Para 1.17 and
1.19		 Rissho Kosei-kai of the UK is a part of
global Buddhist movement of people
who hope to manifest the Buddha’s
teachings in our own lives, applying
them in our homes, workplaces and
local communities – working towards a
more peaceful world. We join hands with
the followers of all faiths and none, and
with people from all walks of life to take
part in peace activities at home and
**around the world. **
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 We the trustees of RKUK took account
of the guidance issued by the Charity
Commission on public benefit and
carefully considered it.

Additional information (optional)

You may choose to include further statements where relevant about:

SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers

Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Offering the following activities, we
brought the true spirit of Buddhism that
permeates the Lotus Sutra into our daily
lives and shared them with others,
making our society a more peaceful
place.
- Regular services
- Reaching out (connecting people with
Buddhism and enhancing its
connection)
- Hoza (a Dharma circle)
- Dharma study
- Peace activities through interreligious
cooperation
- Publication and distribution of books
- Sharing the Dharma on the website

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end
of the period		 Para 1.21 In surplus
Statement explaining the
policy for holding reserves
statingwhy they areheld		 Para 1.22 It is our policy to maintain a balance,
which equates to at least a year to cover
**emergency situations. **
Amount of reserves held Para 1.22 £61,298
Reasons for holding zero
reserves		 Para 1.22 N/A
Details of fund materially in
deficit		 Para 1.24 N/A
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23 N/A

Additional information (optional) You may choose to include further statements where relevant about:

The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Deed of settlement dated 14th October
1998
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 Trust
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 The method of appointment is under the
guidance of Rissho Kosei-kai
International, the parent body of RKUK.
Trustee is selected among leading
member[s] of good faith in agreement
with the existing trustees.

Additional information (optional) You may choose to include further statements where relevant about:
Policies and procedures
adopted for the induction
and training of trustees		 Para 1.51
The charity’s organisational
structure and any wider
network with which the
charity works		 Para 1.51
Relationship with any related
parties		 Para 1.51
Other

Reference and Administrative details

Charity name Rissho Kosei-kai of the UK
Other name the charity uses RKUK
Registered charity number 1072329
Charity’s principal address 29 Ashbourne Road
London
W5 3ED

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
year		 Name of person (or body) entitled
to appoint trustee(if any)
Kyoichiro Hosoya Rissho Kosei-kai
International
Yoko Phillips
Yukari Mogi
Marcus Staff

– Corporate trustees names of the directors at the date the report was approved

Director name Kyoichiro Hosoya

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets N/A held in this capacity Name and objects of the N/A charity on whose behalf the assets are held and how this falls within the custodian charity’s objects Details of arrangements for N/A safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

None

Other optional information

Rissho Kosei-kai of the UK is the representative body of Rissho Kosei-kai in the UK.

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Kyoichiro Hosoya Position (eg Secretary, Chair, etc)[Trustee ] Date 28 October 2023