## **LONDON SHOGYOJI TRUST** 

**KNOWN AS THREE WHEELS** 

**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** 



**LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** 

||**PAGE**|
|---|---|
|STATUTORY INFORMATION|1|
|TRUSTEES’ ANNUAL REPORT|2 - 3|
|INDEPENDENT EXAMINERS’ REPORT|4|
|RECEIPTS AND PAYMENTS ACCOUNT|5|
|STATEMENT OF ASSETS AND LIABILITIES|6|
|NOTES TO THE FINANCIAL STATEMENTS|7 – 9|
|DETAILED RECEIPTS AND PAYMENTS ACCOUNT|10|





**Page 1** 

## **LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **FOR THE YEAR ENDED 31 MARCH 2022** 

## **GOVERNED BY** 

Declaration of Trust Dated 6 November 1997 

## **REGISTERED CHARITY NUMBER** 

1076610 

## **TRUSTEES** 

The Venerable Chimyo Takehara Mr Reitaro Oga The Reverend Professor Taira Sato Professor Hideaki Nagase Mr Izumi Ida Dr Stephen Montgomery Professor John White Mrs Kaori Punwani Mrs Etsuko Imamura Crellin Mr Andrew Webb Mrs Dilly Suzuma Professor Nick Tyler Professor Gillian Murphy 

## **CHARITY ADDRESS** 

43 Carbery Avenue, London, W3 9AD and 55, 57 Carbery Avenue, London, W3 9AB 

## **REGISTERED OFFICE** 

43 Carbery Avenue, London, W3 9AD and 55, 57 Carbery Avenue, London, W3 9AB 

## **INDEPENDENT EXAMINERS** 

Blinkhorns 27 Mortimer Street London W1T 3BL 



**Page 2** 

## **LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **FOR THE YEAR ENDED 31 MARCH 2022** 

## **TRUSTEES’ REPORT** 

The trustees submit their annual report and financial statements for the year ended 31 March 2022. 

## **PRINCIPAL ACTIVITY** 

The charity’s principal activity during the year was that of a Buddhist Temple for the advancement of the Shin Buddhist religion. 

## **TRUSTEES** 

The trustees during the year were: 

The Venerable Chimyo Takehara Mr Reitaro Oga The Reverend Professor Taira Sato Dr Stephen Montgomery Professor John White Mrs Kaori Punwani Professor Hideaki Nagase Mr Izumi Ida Mrs Etsuko Imamura Crellin Mr Andrew Webb Mrs Dilly Suzuma Professor Nick Tyler Professor Gillian Murphy 

## **REVIEW OF ACTIVITIES 1 APRIL 2021 - 31 MARCH 2022** 

During the period from 1 April 2021 to 31 March 2022 Three Wheels recorded 952 individual visitors and 92 overnight stays of one or more nights. Since last year’s drop in visits and overnight stays due to the Coronavirus pandemic restrictions on public mixing, the numbers have been steadily increasing as Three Wheels has been able to hold in person religious activities once again. 

It is the Trustees’ sad duty to report in this annual review the passing away of Professor John White, Mr Frederick Adkins and Mrs Ann Montgomery who are three deeply esteemed founding members of the London Shogyoji Trust. There are individual letters of condolence to them in the minutes of the London Shogyoji Trust that record with deepest gratitude the selfless work they each contributed in countless ways to the establishment and development of Three Wheels since its founding in 1994. 

The funeral for Professor John White was held at Three Wheels on 3[rd] December 2021 and was attended by many people both in person and via a live video link. Three Wheels were deeply grateful to welcome the attendance of Rev. Keimei Takehara, Rev. Emmyo Sato and Mr Masayuki Ogawa from Shogyoji Temple in Japan as well as for all of the help and support from many members of the Three Wheels Buddhist community. All of them worked tirelessly to organise the funeral service in the spirit of “doing for the doing” and “harmony within diversity” that Professor White taught us by example since the inception of Three Wheels. 



Page 3
LOMDON SHOGYOJI TRiisr
KNOWN AS THREE WHEELS
FOR THE YEAR ENDED 31 PIARCH 2022
TRUSTEES. REPORT (conUNed)
The Dlrettor ofThree h4 after cc￿lS￿je￿lMj lkn¥ best nK4Jem te(hTh)koy can asslst In fvifilling
the prindpal acts￿ of the Tn* d¢rided tr• ¢OfitIn￿ ￿l￿310￿S meetiNJS with ontsne video link
f¥lltyto alkjw remrte atteThlarKe. Thlshas sigThrfkantty increased the oufreach of regvLarTree Whee
acti￿￿e$ such as the Surnlay Servke ènd to tlThe W￿1￿ irt1￿ be un*Ae to attuKI
the meetyros due to diga￿e. The Lormlw Eza In partkular has wekorn￿ onlit* attendees frtyn
The tXrKtor of Three Ylheth hos bejun compl&¥ and nwrr*ntsl wtyk of transtaliro the k*te5
ol Shlnran Shonln, thè loundex of tt* Shln ￿dhIst tradth, irto Englith. Tl* D+rth W tr& dath
made exceethThJly gc#>J wogress In especialty in I￿tranSlatI￿4 Japanese ternts that had teen
mlsunder*ood and incorrecty rer*Jwed In cther translatth. Tr [￿e(ti¥ Is akn h¢AdiThJ regular
M￿￿ng5 at Three to and d150Jss orwJoir¥J tran￿1￿ of ￿ letter& These have proved
pawlar n￿elIngS whkh h35 the dee[￿j the uTh1er#aTrJlTrJ and relhjths eXperkn￿ of Ils
p¥U¢lp•nts thrwjh slJ>JOrrfJ the kn th.nran ￿hr￿In wmtr to his In tr* 14th century.
Dekmrty Clrector has been plan￿Thj a ol tr* Zen G*da) imme tre condltljn of Its
m0$5 whlch has nrt been thfvng very well e¥¢d)lty kn tt* summer. (an no bnger be
l￿d (ts arnj, tA1vice from fvtr MaSayu￿ O￿a a beadkvj authrth on
Japarw gard￿, an aKernthe Ls bdng SO￿
DL* to tr* Yarknus of k)ck¢kMm dwlNJ the blnMKW was 44% down on the 2020
gurts, hrMLW our a￿Jftor frcffi ￿￿ed the trrtal exFudiure W been correspo￿lIrIj
reAl￿ed by SS% on the year. 0￿•11, ojr aLwJknr h)d been r4Eased to rewt that the Tnjst
had man￿e¢ ts expeTrJ1tU￿ tNs yw ¢jeS￿ a d* h) caused ty the
4 • rewtt of Prolesgx John Whkn's lar.Jlgtrrted c£￿￿eM for ¢4 Wheds, the London
SIwy￿jI has awyoved and a '5pe(*l ma1ntefta￿e SettKm' rA the Telm Maintenan
Fund, Thls fund will riro.ferKe mory thnabj fur the SF&lk Pxwp￿Je ol conseNng cknRcts thal wlll
requlre S￿al (3re for thelr weseryatr)n as the &JthJha Shrfne. Zen Gard￿ and the Stu
13 Octobw 2022

**Page 4** 

## **INDEPENDENT EXAMINERS’ REPORT** 

## **TO THE TRUSTEES OF LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **FOR THE YEAR ENDED 31 MARCH 2022** 

We report on the accounts of the Trust for the year ended 31 March 2022, which are set out on pages 6 to 10. 

## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER** 

As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is our responsibility to examine the accounts under section 145 of the 2011 Act, follow the procedures specified in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and to state whether particular matters have come to our attention. 

## **BASIS OF INDEPENDENT EXAMINERS’ REPORT** 

Our examination was carried out in accordance with the General Directions given by the Charity Commission.   An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.   It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters.   The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below. 

## **INDEPENDENT EXAMINERS’ REPORT** 

In connection with our examination, no matter has come to our attention: 

- (1) which gives us reasonable cause to believe that in any material respect the requirements 

   - to keep proper accounting records in accordance with section 130 of the 2011 Act; and 

   - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act 

have not been met; or 

- (2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

David Cramer Blinkhorns 27 Mortimer Street London W1T 3BL 


13 October 2022 



**Page 5** 

## **LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **RECEIPTS AND PAYMENTS ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2022** 

||**NOTES**|**2022**|**2021**|
|---|---|---|---|
|||**£**|**£**|
|**RECEIPTS**||||
|Income received|**3**|77,050|45,255|
|**PAYMENTS**||||
|**Charitable payments**||||
|Management and administration||(64,591)|(43,227)|
|||_______|_______|
|**NET OF RECEIPTS AND PAYMENTS**||||
|**FOR THE YEAR**||12,459|2,028|
|Other interest receivable||16|37|
|||_______|_______|
|||12,475|2,065|
|Tax on ordinary||||
|activities|**4**|-|-|
|||_______|_______|
|**NET RESULT FOR THE YEAR**||12,475|2,065|
|||_______|_______|



The attached notes form part of these financial statements. 



P•g• 6
KNOWN AS THREE WHEELS
srATEMEKf OF ASSEts AND LIABILIllES
AT 31 MARCH 2022
2022
2021
FIXED ASSErs
Assets retsln•d for the Charfrfl Own U••
Targlble assets
753
Debtors
59
1,413
59
Cash at bonk and In har
55.823
71,474
S7,330
FUNDS
58.083
AMALYSJS OF FUNDS
General fijrkl
malfttena￿ fvnd
Sprtn9 Sthcd
Webslte fijnd
35.186
19.688
12.207
21710
19,108
12.207
FUNDS
72,039
S8,083
Prolesx)r Talra Sato
Tru
IJ L)ctcthr 2022

**Page 7** 

## **LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **AT 31 MARCH 2022** 

## **1. ACCOUNTING POLICIES** 

The principal accounting policies adopted in the preparation of the financial statements are set out below and have been consistently applied within the same financial statements. 

## **Basis of Preparation of the Financial Statements** 

The financial statements have been prepared on the receipts and payments basis. 

## **Management and Administration of the Charity** 

Management and administration costs represent the day to day running expenses and are charged to the income and expenditure account in the year when they are paid. 

## **Depreciation** 

Tangible fixed assets are stated at cost or valuation less depreciation.   Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows: 

|Fixtures & fittings|- 25% reducing balance basis|
|---|---|
|Motor vehicles|- 25% reducing balance basis|
|Land and buildings|- No depreciation|



## **2. INCOME** 

Income represents donations received during the year. 

## **3. INCOME RECEIVED** 

|**3. INCOME RECEIVED**|||
|---|---|---|
||**2022**|**2021**|
||**£**|**£**|
|Shogyoji temple|9,150|-|
|Visitors donations|22,130|15,366|
|General donations|27,007|8,984|
|Gift aid|6,763|8,905|
|Rent received|12,000|12,000|
||_______|_______|
||77,050|45,255|
||_______|_______|





**Page 8** 

## **LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **AT 31 MARCH 2022** 

## **4. TAX ON ORDINARY ACTIVITIES** 

There is no corporation tax due to the charitable status of the charity. 

## **5. TANGIBLE FIXED ASSETS** 

|||**Motor**|**Assets**||
|---|---|---|---|---|
|||**vehicle**|**general fund**|**Total**|
|||£|£|£|
|**Cost:**|||||
|At 1 April 2021||18,455|17,782|36,237|
|Additions||-|-|-|
|Disposals||-|-|-|
|||_______|_______|_______|
|**At 31 March 2022**||18,455|17,782|36,237|
|||_______|_______|_______|
|**Depreciation:**|||||
|At 1 April 2021||18,017|17,467|35,484|
|Provided during the year||110|78|188|
|Disposals||-|-|-|
|||_______|_______|_______|
|**At 31 March 2022**||18,127|17,545|35,672|
|||_______|_______|_______|
|**Net book value:**|||||
|**At 31 March 2022**||328|237|565|
|||_______|_______|_______|
|**At 31 March 2021**||438|315|753|
|||_______|_______|_______|
|**6. SPECIFIC FUNDS**|||||
||**At**|**Resources:**||**At**|
||**1 April 2021**|**Receipts**|**Payments 31**|**March 2022**|
||**£**|**£**|**£**|**£**|
|Maintenance fund|19,108|580|-|19,688|
|Spring school fund|12,207|-|-|12,207|
|Website fund|4,058|900|-|4,958|
||_______|_______|_______|_______|
||35,373|1,480|-|36,853|
||_______|_______|_______|_______|





**Page 9** 

**LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **NOTES TO THE FINANCIAL STATEMENTS** 

## **AT 31 MARCH 2022** 

## **7. ANALYSIS OF NET ASSETS BETWEEN FUNDS** 

||**Tangible**|**Current**|**Current**||
|---|---|---|---|---|
||**Fixed Assets**|**Assets**|**Liabilities**|**Total**|
||**£**|**£**|**£**|**£**|
|**General fund**|565|34,621|-|35,186|
|**Specific funds**|-|36,853|-|36,853|
||_______|_______|_______|_______|
|**Total funds**|565|71,474|-|72,039|
||_______|_______|_______|_______|



## **8. TRUSTEES REMUNERATION AND EXPENSES** 

During the year travelling expenses amounted to £1,190 (2021 - £Nil), of which was paid for Reverend Professor Taira Sato. 



**Page 10** 

**LONDON SHOGYOJI TRUST** 

## **KNOWN AS THREE WHEELS** 

## **DETAILED RECEIPTS AND PAYMENTS ACCOUNT** 

## **FOR THE YEAR ENDED 31 MARCH 2022** 

|||**2022**||**2021**|
|---|---|---|---|---|
||**£**|**£**|**£**|**£**|
|**INCOME RECEIVED**|||||
|Donation income||49,137||24,350|
|Gift aid||6,763||8,905|
|Shogyoji income||9,150||-|
|Rent received||12,000||12,000|
|||_______||_______|
|**TOTAL INCOME**||77,050||45,255|
|**Other interest receivable**|||||
|Bank interest received||16||37|
|||_______||_______|
|||77,066||45,292|
|**LESS:  PAYMENTS**|||||
|**CHARITABLE PAYMENTS**|||||
|**Management and administration**|||||
|Wages and salaries|21,237||21,237||
|Food|1,334||1,361||
|Utilities|3,193||4,670||
|Council tax|4,855||4,053||
|Religious activities|11,085||4,200||
|Travelling expenses|1,190||(6,689)||
|Motor expenses|1,958||3,005||
|Social expenses|160||111||
|Printing, postage, stationery and telephone|1,500||1,273||
|Alarms and house insurance|3,730||3,791||
|General repairs and maintenance|7,309||692||
|Accountancy|4,692||4,692||
|Miscellaneous expenses|2,160||582||
|Depreciation|188||249||
||_______||_______||
|Charitable payments||(64,591)||(43,227)|
|||_______||_______|
|**NET RESULT FOR THE YEAR**||12,475||2,065|
|||_______||_______|