Charity registration number 1076610 (England and Wales)
LONDON SHOGYOJI TRUST
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
LONDON SHOGYOJI TRUST
LEGAL AND ADMINISTRATIVE INFORMATION
| Trustees | The Reverend Professor Taira Sato |
|---|---|
| The Venerable Chimyo Takehara | |
| Professor Hideaki Nagase | |
| Mr Izumi Ida | |
| Dr Stephen Montgomery | |
| Mrs Kaori Punwani | |
| Mrs Etsuko Imamura Crellin | |
| Mr Andrew Webb | |
| Mrs Dilly Suzuma | |
| Professor Nick Tyler | |
| Professor Philip Treleaven | |
| Professor Gillian Murphy | |
| The Venerable Keimei Takehara | |
| The Reverend Kenshin Ishii | |
| Charity number (England and Wales) | 1076610 |
| Registered office | |
| 55 & 57 Carbery Avenue | |
| London | |
| W3 9AB | |
| 43 Carbery Avenue | |
| London | |
| W3 9AD | |
| Independent examiner | Blinkhorns |
| 27 Mortimer Street | |
| London | |
| W1T 3BL |
LONDON SHOGYOJI TRUST
CONTENTS
| Page | |
|---|---|
| Trustees report | 1 - 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 - 14 |
LONDON SHOGYOJI TRUST
TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025
The Trustees present their annual report and financial statements for the year ended 31 March 2025.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)".
Principle Activity
The charity's principal activity during the year was that of a Buddhist Temple for the advancement of the Shin Buddhist religion.
Review of Activities 1 April 2024 - 31 March 2025
This section of the report summarises some of the main activities of the Three Wheels Buddhist Temple during the reporting year. This summary includes how these activities furthered our charitable purpose for the advancement of the Shin Buddhist religion and were for the benefit of the public in accordance with the guidance from the Charity Commission on The Advancement of Religion for the Public Benefit.
During the period from 1 April 2024 to 31 March 2025 Three Wheels recorded 2771 individual visitors and 534 overnight stays of one or more nights. Once again, there was an increase compared to the previous year, reflecting the exceptionally busy calendar at Three Wheels Temple, which included a wide range of spiritual activities for all ages and ongoing international exchanges.
This was a year of great change for the Trust but also of significant consolidation for the future. In May 2024, Ven. Chimyo Takehara, Head Priest of Shogyoji Temple and Chairman of the Trust, and Rev. Kemmyo Taira Sato, Director of Three Wheels and Deputy Chairman, announced their retirement from their respective positions. They were immediately succeeded by Ven. Kemei Takehara and Rev. Kenshin Hiroshi Ishii.
Both successors have served Shogyoji and Three Wheels faithfully since their ordinations and bring with them a valuable blend of continuity and innovation, qualities essential for the temple’s long-term growth. The Trustees were deeply grateful to learn that Ven. Chimyo Takehara and Rev. Sato will continue to serve as Trustees, so we will not be losing all their great knowledge, experience and support as we go on into the future guided by a new leadership.
The Trust also received the sad news of the passing of Mr. Reitaro Oga, a founding Trustee who devoted his life to Shogyoji Temple and played a vital role in supporting Three Wheels since its inception. His selfless service will always be remembered with deep respect and gratitude. Mrs. Etsuko Crellin also announced her retirement after many years of dedicated service. She was instrumental in establishing the ‘Friends of Three Wheels’ support group and organising the successful Garden Open Days. In recent years, the Trust has welcomed several new Trustees who can continue their work of guiding and supporting the growth of Three Wheels.
On 8th December 2024, Three Wheels commemorated the 30th anniversary of its founding and the community were delighted to welcome Ven. Keimei Takehara, the new head priest of Shogyoji together with a number of priests and lay people from Shogyoji.
Commemorative services and meetings were held on the morning and afternoon of the day with contributions from everyone who, together with Rev. Kemmyo Taira Sato, the late Mrs Hiroko Sato and the late Professor John White, worked so hard to establish Three Wheels and nurture the growth of its thriving community of followers. The day was a great success bringing together all generations of the community both from Japan and the UK.
Plans were announced for the installation of a monument at Brookwood Cemetery to the late Professor John White which will be unveiled by the Ambassador of Japan to the UK and Venerable Chimyo Takehara in May 2025. Extensive preparation work continued throughout the year, and the event itself will be reported on in the next report.
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LONDON SHOGYOJI TRUST
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
Under the leadership of the new Director, significant renovations were undertaken at Numbers 55 and 57 Carbery Avenue. These included structural repairs to external walls and roof tiles, installation of new windows and doors, and extensive painting. The Buddha Room was also refreshed with ceiling repairs and new paint. These improvements have brought a renewed sense of welcome and serenity to the temple, appreciated by all who visit.
Three Wheels was delighted to welcome two young priests from Shogyoji, Rev Goshin Takehara and Rev Yuichi Kuniyoshi. They will be continuing their spiritual training at Three Wheels for two years and supporting the very busy work of Rev Kenshin Ishii in maintaining Three Wheels full programme of spiritual activities.
Financial review
Income is received by way of visitor and general donations, as well as rent received from the trust’s investment property. Total income earned for the year represented £115,517 (2024: £148,834). The majority of the charity’s income continued to be from general donations, in line with previous years.
At the end of the year the charity had net assets of £345,735 (2024: £330,986). This represents a positive increase from 2024, due to the trusts cash balance significantly strengthening.
London Shogyoji Trust reserves policy is to hold designated reserves, in order to cover specific projects that are undertaken by the charity. These reserves are agreed with the Trustees and are discussed annually.
Structure, governance and management
London Shogyoji trust is registered with the Charity Commissioners (No 1076610), and was registered on the 16th July 1999. The charity’s address is 55 Carbery Avenue, London, W3 9AB.
The governing document of the charity is a declaration of trust dated 6th November 1997 and deed of correction dated 14th June 2000.
The trustees report was approved by the Board of trustees.
The Trustees who served during the year and up to the date of signature of the financial statements were:
The Reverend Professor Taira Sato The Venerable Chimyo Takehara Mr Reitaro Oga (Resigned 26 October 2024) Professor Hideaki Nagase Mr Izumi Ida Dr Stephen Montgomery Mrs Kaori Punwani Mrs Etsuko Imamura Crellin Mr Andrew Webb Mrs Dilly Suzuma Professor Nick Tyler Professor Philip Treleaven Professor Gillian Murphy The Venerable Keimei Takehara The Reverend Kenshin Ishii
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LONDON SHOGYOJI TRUST
TRUSTEES REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
The Trustees report was approved by the Board of Trustees.
The Reverend Kenshin Ishii Trustee
16 October 2025
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LONDON SHOGYOJI TRUST
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF LONDON SHOGYOJI TRUST
I report to the Trustees on my examination of the financial statements of London Shogyoji Trust (the Charity) for the year ended 31 March 2025.
Responsibilities and basis of report
As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011.
I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the Charities Act 2011. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011.
Independent examiner's statement
Your attention is drawn to the fact that the charity has prepared the financial statements in accordance with the relevant version of the Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn. I understand that this has been done in order for the financial statements to provide a true and fair view in accordance with UK Generally Accepted Accounting Practice.
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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: 1 accounting records were not kept in respect of the Charity as required by section 130 of the Charities Act 2011.
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2 the financial statements do not accord with those records; or
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3 the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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 financial statements to be reached.
N Budhan FCCA
Blinkhorns 27 Mortimer Street London W1T 3BL
16 October 2025
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LONDON SHOGYOJI TRUST
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted funds funds 2025 2025 Notes £ £ Income from: Donations and legacies 3 94,390 1,500 Charitable activities 4 12,000 - Investments 5 7,626 - Total income 114,016 1,500 Expenditure on: Charitable activities 6 79,665 21,102 Total expenditure 79,665 21,102 Net income/(expenditure) 34,351 (19,602) Transfers between funds (1,256) 1,256 Net movement in funds 33,095 (18,346) Reconciliation of funds: Fund balances at 1 April 2024 141,058 189,928 Fund balances at 31 March 2025 174,153 171,582 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 95,890 129,995 1,575 12,000 12,000 - 7,626 5,264 - 115,516 147,259 1,575 100,767 60,413 - 100,767 60,413 - 14,749 86,846 1,575 - - - 14,749 86,846 1,575 330,986 54,212 188,353 345,735 141,058 189,928 |
Total 2024 £ 131,570 12,000 5,264 |
|---|---|---|
| 148,834 60,413 |
||
| 60,413 | ||
| 88,421 - |
||
| 88,421 242,565 |
||
| 330,986 |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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LONDON SHOGYOJI TRUST
BALANCE SHEET
AS AT 31 MARCH 2025
| Notes Fixed assets Tangible assets 9 Current assets Stocks 10 Debtors 11 Cash at bank and in hand Creditors: amounts falling due within one year 12 Net current assets Total assets less current liabilities The funds of the Charity Restricted income funds 13 Unrestricted funds 14 |
2025 £ 870 59 348,490 349,419 (3,900) |
£ 216 345,519 345,735 171,582 174,153 345,735 |
2024 £ 1,060 59 333,480 334,599 (3,900) |
£ 287 330,699 |
|---|---|---|---|---|
| 330,986 | ||||
| 189,928 141,058 |
||||
| 330,986 |
The financial statements were approved by the Trustees on 16 October 2025
The Reverend Kenshin Ishii Trustee
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
Charity information
London Shogyoji Trust is a charity governed by a Declaration of Trust dated 6th November 1977. The registered office is 55,57 Carbery Avenue, London, W3 9AB and 43 Carbery Avenue, London, W3 9AD.
1.1 Basis of preparation
The financial statements have been prepared in accordance with the Charity's governing document, the Charities Act 2011, FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities SORP "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)". The Charity is a Public Benefit Entity as defined by FRS 102.
The Charity has taken advantage of the provisions in the SORP for charities not to prepare a statement of cash flows.
The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.
The financial statements are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, [modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value]. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
1.4 Income
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.
Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Fixtures and fittings 25% reducing balance Motor vehicles 25% reducing balance
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities.
1.7 Impairment of fixed assets
At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
1.8 Stocks
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Items held for distribution at no or nominal consideration are measured the lower of replacement cost and cost.
Net realisable value is the estimated selling price less all estimated costs of completion and costs to be incurred in marketing, selling and distribution.
1.9 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
1 Accounting policies
(Continued)
1.10 Financial instruments
The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Financial instruments are recognised in the Charity's balance sheet when the Charity becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Derecognition of financial liabilities
Financial liabilities are derecognised when the Charity’s contractual obligations expire or are discharged or cancelled.
1.11 Employee benefits
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2 Critical accounting estimates and judgements
In the application of the Charity’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
3 Income from donations and legacies
| Unrestricted Restricted funds funds 2025 2025 £ £ Donations and gifts 54,587 1,500 Legacies 30,000 - Shogyoji temple 9,803 - 94,390 1,500 |
Total Unrestricted Restricted funds funds 2025 2024 2024 £ £ £ 56,087 40,573 1,575 30,000 80,000 - 9,803 9,422 - 95,890 129,995 1,575 |
Total 2024 £ 42,148 80,000 9,422 |
|---|---|---|
| 131,570 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Charitable rental income | 12,000 | 12,000 |
| Income from investments | ||
| Unrestricted | Unrestricted | |
| funds | funds | |
| 2025 | 2024 | |
| £ | £ | |
| Interest receivable | 7,626 | 5,264 |
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5 Income from investments
-
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2025
6 Expenditure on charitable activities
| Direct costs Depreciation and impairment Wages and salaries Food Utilities Council tax Religious activities Social expenses Alarms and house insurance General maintenance Motor running expenses Travelling expenses Accountancy Printing and stationery Sundry expenses Analysis by fund Unrestricted funds Restricted funds 7 Employees The average monthly number of employees during the year was: There were no employees whose annual remuneration was more than £60,000. |
2025 £ 72 22,025 6,773 6,329 5,683 15,735 514 4,046 24,606 1,427 2,849 8,592 1,650 466 100,767 79,665 21,102 100,767 2025 Number 1 |
2024 £ 134 21,237 3,300 5,393 5,369 3,944 920 3,598 5,230 1,771 2,498 4,692 1,259 1,068 |
|---|---|---|
| 60,413 | ||
| 60,413 - |
||
| 60,413 | ||
| 2024 Number 1 |
||
8 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
| 9 Tangible fixed assets Fixtures and fittings £ Cost At 1 April 2024 17,782 At 31 March 2025 17,782 Depreciation and impairment At 1 April 2024 17,679 Depreciation charged in the year 25 At 31 March 2025 17,704 Carrying amount At 31 March 2025 78 At 31 March 2024 103 10 Stocks Finished goods and goods for resale 11 Debtors Amounts falling due within one year: Other debtors 12 Creditors: amounts falling due within one year Accruals and deferred income |
Motor vehicles £ 18,455 18,455 18,271 46 18,317 138 184 2025 £ 870 2025 £ 59 2025 £ 3,900 |
Total £ 36,237 |
|---|---|---|
| 36,237 | ||
| 35,950 71 |
||
| 36,021 | ||
| 216 | ||
| 287 | ||
| 2024 £ 1,060 |
||
| 2024 £ 59 |
||
| 2024 £ 3,900 |
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
13 Restricted funds
The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| Maintenance fund | 20,888 | 600 | (20,800) | - | 688 |
| Spring school fund | 12,207 | - | (302) | 1,256 | 13,161 |
| Website fund | 6,833 | 900 | - | - | 7,733 |
| Special maintenance fund | 150,000 | - | - | - | 150,000 |
| 189,928 | 1,500 | (21,102) | 1,256 | 171,582 | |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| Maintenance fund | 20,288 | 1,575 | - | - | 21,863 |
| Spring school fund | 12,207 | - | - | - | 12,207 |
| Website fund | 5,858 | - | - | - | 5,858 |
| Special maintenance fund | 150,000 | - | - | - | 150,000 |
| 188,353 | 1,575 | - | - | 189,928 |
14 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 April | Incoming | Resources | Transfers | At 31 March | |
|---|---|---|---|---|---|
| 2024 | resources | expended | 2025 | ||
| £ | £ | £ | £ | £ | |
| General funds | 141,058 | 114,016 | (79,665) | (1,256) | 174,153 |
| Previous year: | At 1 April | Incoming | Resources | Transfers | At 31 March |
| 2023 | resources | expended | 2024 | ||
| £ | £ | £ | £ | £ | |
| General funds | 54,212 | 147,259 | (60,413) | - | 141,058 |
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LONDON SHOGYOJI TRUST
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025
15 Analysis of net assets between funds
| Unrestricted Restricted funds funds 2025 2025 £ £ At 31 March 2025: Tangible assets 216 - Current assets/(liabilities) 173,937 171,582 174,153 171,582 Unrestricted Restricted funds funds 2024 2024 £ £ At 31 March 2024: Intangible fixed assets (189,928) 189,928 Tangible assets 287 - Current assets/(liabilities) 330,699 - 141,058 189,928 |
Total 2025 £ 216 345,519 |
|---|---|
| 345,735 | |
| Total 2024 £ - 287 330,699 |
|
| 330,986 |
16 Related party transactions
During the year travelling expenses amounted to £2,383 (2024: £2,396), of which was paid for by Reverend Professor Taira Sato who is a trustee of the charity.
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