2024-12-31-accounts

Company
registration
number꞉
03932599 Charity
registration
number꞉
1081158 HAPPY
SCIENCE
EUROPE TRUSTEES'
REPORT
AND UNAUDITED
FINANCIAL
STATEMENTS FOR
THE
YEAR
ENDED
31
DECEMBER
2024 Blue
Tick
Tax
Advisers
and
Accountants
LLP

Happy
Science
Europe Contents Page Trustees'
Report 1—3 Independent
Examiner's
Report 4 Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) 5 Comparative
Statement
of
Financial
Activities
(including
Income
and
Expenditure
Account) 6 Statement
of
Financial
Position 7 Notes
to
the
Financial
Statements 8—10

Happy
Science
Europe Company
No.
03932599 Trustees'
Report
For
The
Year
Ended
31
December
2024 The
trustees
present
their
report
and
the
financial
statements
for
the
year
ended
31
December
2024. Objectives
and
Activities Aims
and
Objectives Constitution
and
Objectives
of
the
Charity Happy
Science
Europe
is
a
company
limited
by
guarantee
not
having
a
share
capital,
and
its
governing
document
is
the Memorandum
and
Articles
of
Association.

The
charity’s
objectives
are
to
advance
the
education
of
the
public
in
the principles
and
practices
of
Buddhism
and
to
relieve
poverty
and
suffering
in
accordance
with
Buddhist
principles. Organisation
and
Risk
Management The
trustees
meet
twice
a
year
to
review
activities
and
financial
performance.

As
the
charity
continues
to
grow,
the directors
maintain
appropriate
resources
and
review
systems
which,

under
normal
conditions,

allow
the
principal
risks facing
the
charity
to
be
mitigated
to
an
acceptable
level. Directors
and
Trustees The
following
directors
served
during
the
year꞉ Rev.
Satoshi
Ikemura Rev.
Tsunetaka
Kobayashi Rev.
Shigeru
Yamada Review
of
Activities Significant
activities
during
the
year
included꞉ Continuing
religious
services,
public
lectures,
and
meditation
seminars
on
Buddhist
teachings. Ongoing
distribution
of
books
through
the
Temple. Organising
visits
to
Japan
for
members
to
stay
in
Happy
Science
temples
and
participate
in
retreats. Seminars
with
senior
ministers
from
Japan
to
provide
deeper
teachings. Continued
dissemination
of
Buddhist
teachings
via
group
sessions,
online
seminars,
meditations,
and
free
distribution
of books,

CDs,

and
booklets. Ongoing
maintenance
works
on
the
temple
building. Daily
prayer
for
Master
Ryuho
Okawa’s
resurrection
and
Monthly
Ritual
Prayer
Services. Financial
Review Total
outgoing
resources
for
the
year
amounted
to
£80,867 The
directors
have
reviewed
the
reserves
policy
in
line
with
the
Charity
Commission’s
guidance.
The
reserves
policy
is designed
to
ensure
the
charity
can
manage
efficiently,
provide
a
buffer
for
uninterrupted
services,
and
maintain
a
freely available
reserve
equivalent
to
at
least
six
months
of
operating
expenditure. Trustees'
Responsibilities The
trustees
are
responsible
for
preparing
financial
statements
for
each
financial
year
that
give
a
true
and
fair
view
of
the state
of
affairs
of
the
charity
and
its
surplus
or
deficit.
In
preparing
these
statements,
the
directors꞉ Select
suitable
accounting
policies
and
apply
them
consistently. Make
judgements
and
estimates
that
are
reasonable
and
prudent. Prepare
the
financial
statements
on
a
going‑concern
basis. The
directors
are
also
responsible
for
keeping
proper
accounting
records,
safeguarding
the
assets
of
the
charity,
and
taking reasonable
steps
for
the
prevention
and
detection
of
fraud
and
other
irregularities. Guarantee
Status The
liability
of
the
members
is
limited
to
an
amount
not
exceeding
£1
per
member. New
trustees
are
appointed
through
the
networks
of
existing
directors
and
are
provided
with
full
induction
materials, including
governance
and
financial
information. Page
1

Happy
Science
Europe Trustees'
Report
(continued) For
The
Year
Ended
31
December
2024 Public
Benefit The
charity’s
activities
are
open
to
the
public
and
include
men,
women,
children,
and
their
communities,
both
faith
and secular.
There
is
no
harm
or
detriment
caused
by
pursuing
the
charity’s
aims.
Opportunities
to
benefit
are
not
unreasonably restricted
by
geography,
eligibility,
or
financial
means.
No
private
benefits
are
conferred. The
trustees
confirm
that
they
have
complied
with
the
requirements
of
Section
17
of
the
Charities
Act
2011
to
have
due regard
to
the
Charity
Commission’s
guidance
on
public
benefit. Reference
and
Administrative
Details Trustees Reverend
S
Ikemura Mr
T
Kobayashi Mr.
S
Yamada Charity
Number 1081158 Company
Number 03932599 Independent
Examiner Leon
Stevens Blue
Tick
Tax
Advisers
and
Accountants
LLP 26
Malvern
Road London N17
9HH Page
2

Happy
Science
Europe Trustees'
Report
(continued) For
The
Year
Ended
31
December
2024 Small
Company
Rules This
report
has
been
prepared
in
accordance
with
the
special
provisions
relating
to
companies
subject
to
the
small
companies regime
within
Part
15
of
the
Companies
Act
2006. The
trustees'
report
was
approved
by
the
board
of
trustees
and
signed
on
its
behalf
by꞉ Reverend
S
Ikemura Trustee 30/09/2025 Page
3

Happy
Science
Europe Independent
Examiner's
Report
to
the
Trustees
of
Happy
Science
Europe For
The
Year
Ended
31
December
2024 I
report
to
the
charity
trustees
on
my
examination
of
the
accounts
of
the
Company
for
the
year
ended
31
December
2024. Responsibilities
and
Basis
of
Report As
the
charity
trustees
of
the
Company
(and
also
its
directors
for
the
purposes
of
company
law),
you
are
responsible
for
the preparation
of
the
accounts
in
accordance
with
the
requirements
of
the
Companies
Act
2006
(“the
2006
Act”). Having
satisfied
myself
that
the
accounts
of
the
Company
are
not
required
to
be
audited
under
Part
16
of
the
2006
Act
and are
eligible
for
independent
examination,
I
report
in
respect
of
my
examination
of
your
charity’s
accounts
as
carried
out
under section
145
of
the
Charities
Act
2011
(‘the
2011
Act’).
In
carrying
out
my
examination
I
have
followed
the
Directions
given
by the
Charity
Commission
under
section
145(5)
(b)
of
the
2011
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꞉ 1.
accounting
records
were
not
kept
in
respect
of
the
Company
as
required
by
section
386
of
the
2006
Act;
or 2.
the
accounts
do
not
accord
with
those
records;
or 3.
the
accounts
do
not
comply
with
the
accounting
requirements
of
section
396
of
the
2006
Act
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;
or 4.
the
accounts
have
not
been
prepared
in
accordance
with
the
methods
and
principles
of
the
Statement
of Recommended
Practice
for
accounting
and
reporting
by
charities
applicable
to
charities
preparing
their
accounts
in accordance
with
the
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic
of
Ireland
(FRS
102). 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. Leon
Stevens 30/09/2025 26
Malvern
Road London N17
9HH Page
4

HappyScienceEurope StatementofFinancialActivities(includingIncomeandExpenditureAccount) ForTheYearEnded31December2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Notes £ £ £ £ INCOMEANDENDOWMENTSFROM꞉ Donationsandlegacies 3 77,056 ‑ 77,056 88,597 Investments 4 ‑ ‑ ‑ 16 77,056 ‑ 77,056 88,613 EXPENDITUREON꞉ Raisingfunds 6 (43,816) (23,546) (67,362) (107,920) NETINCOME/(EXPENDITURE) 33,240 (23,546) 9,694 (19,307) NETMOVEMENTINFUNDS 33,240 (23,546) 9,694 (19,307) RECONCILIATIONOFFUNDS꞉ Totalfundsbroughtforward 362,453 1,789,764 2,152,217 2,161,830 TOTALFUNDSCARRIEDFORWARD 395,693 1,766,218 2,161,911 2,142,523 Thenotesonpages8to10formpartofthesefinancialstatements. Page5 Trial	HappyScienceEurope StatementofFinancialActivities(includingIncomeandExpenditureAccount) ForTheYearEnded31December2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Notes £ £ £ £ INCOMEANDENDOWMENTSFROM꞉ Donationsandlegacies 3 77,056 ‑ 77,056 88,597 Investments 4 ‑ ‑ ‑ 16 77,056 ‑ 77,056 88,613 EXPENDITUREON꞉ Raisingfunds 6 (43,816) (23,546) (67,362) (107,920) NETINCOME/(EXPENDITURE) 33,240 (23,546) 9,694 (19,307) NETMOVEMENTINFUNDS 33,240 (23,546) 9,694 (19,307) RECONCILIATIONOFFUNDS꞉ Totalfundsbroughtforward 362,453 1,789,764 2,152,217 2,161,830 TOTALFUNDSCARRIEDFORWARD 395,693 1,766,218 2,161,911 2,142,523 Thenotesonpages8to10formpartofthesefinancialstatements. Page5 Trial	HappyScienceEurope StatementofFinancialActivities(includingIncomeandExpenditureAccount) ForTheYearEnded31December2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Notes £ £ £ £ INCOMEANDENDOWMENTSFROM꞉ Donationsandlegacies 3 77,056 ‑ 77,056 88,597 Investments 4 ‑ ‑ ‑ 16 77,056 ‑ 77,056 88,613 EXPENDITUREON꞉ Raisingfunds 6 (43,816) (23,546) (67,362) (107,920) NETINCOME/(EXPENDITURE) 33,240 (23,546) 9,694 (19,307) NETMOVEMENTINFUNDS 33,240 (23,546) 9,694 (19,307) RECONCILIATIONOFFUNDS꞉ Totalfundsbroughtforward 362,453 1,789,764 2,152,217 2,161,830 TOTALFUNDSCARRIEDFORWARD 395,693 1,766,218 2,161,911 2,142,523 Thenotesonpages8to10formpartofthesefinancialstatements. Page5 Trial	HappyScienceEurope StatementofFinancialActivities(includingIncomeandExpenditureAccount) ForTheYearEnded31December2024 2024 2023 Unrestricted funds Restricted funds Total funds Total funds Notes £ £ £ £ INCOMEANDENDOWMENTSFROM꞉ Donationsandlegacies 3 77,056 ‑ 77,056 88,597 Investments 4 ‑ ‑ ‑ 16 77,056 ‑ 77,056 88,613 EXPENDITUREON꞉ Raisingfunds 6 (43,816) (23,546) (67,362) (107,920) NETINCOME/(EXPENDITURE) 33,240 (23,546) 9,694 (19,307) NETMOVEMENTINFUNDS 33,240 (23,546) 9,694 (19,307) RECONCILIATIONOFFUNDS꞉ Totalfundsbroughtforward 362,453 1,789,764 2,152,217 2,161,830 TOTALFUNDSCARRIEDFORWARD 395,693 1,766,218 2,161,911 2,142,523 Thenotesonpages8to10formpartofthesefinancialstatements. Page5 Trial
Notes INCOMEANDENDOWMENTSFROM꞉ Donationsandlegacies 3 Investments 4 EXPENDITUREON꞉ Raisingfunds 6 NETINCOME/(EXPENDITURE) NETMOVEMENTINFUNDS RECONCILIATIONOFFUNDS꞉ Totalfundsbroughtforward TOTALFUNDSCARRIEDFORWARD Thenotesonpages8to10formpartofthesefinancialstatements. Page5 Tr	Unrestricted funds £ 77,056 ‑	Restricted funds £ ‑ ‑	2024 Total funds £ 77,056 ‑
	77,056	‑	77,056
	(43,816)	(23,546)	(67,362)
	33,240	(23,546)	9,694
	33,240 362,453	(23,546) 1,789,764	9,694 2,152,217
	395,693	1,766,218	2,161,911

Happy
Science
Europe Comparative
Statement
of
Financial
Activities
(including
Income
and
Expenditure Account) For
The
Year
Ended
31
December
2024 2023 Unrestricted Restricted Total funds funds funds Notes £ £ £ INCOME
AND
ENDOWMENTS
FROM꞉ Donations
and
legacies 3 88,597 ‑ 88,597 Investments 4 16 ‑ 16 88,613 ‑ 88,613 EXPENDITURE
ON꞉ Raising
funds 6 (84,374) (23,546) (107,920) NET
EXPENDITURE 4,239 (23,546) (19,307) NET
MOVEMENT
IN
FUNDS 4,239 (23,546) (19,307) RECONCILIATION
OF
FUNDS꞉ Total
funds
brought
forward 324,974 1,836,856 2,161,830 TOTAL
FUNDS
CARRIED
FORWARD 329,213 1,813,310 2,142,523 The
notes
on
pages
8
to
10
form
part
of
these
financial
statements. Page
6

Happy
Science
Europe Statement
of
Financial
Position As
At
31
December
2024 2024 2023 Unrestricted Restricted Total Total funds funds funds funds Notes £ £ £ £ FIXED
ASSETS Tangible
Assets 9 ‑ 1,883,546 1,883,546 1,930,638 ‑ 1,883,546 1,883,546 1,930,638 CURRENT
ASSETS Debtors 10 200 ‑ 200 200 Cash
at
bank
and
in
hand 284,526 ‑ 284,526 218,046 284,726 ‑ 284,726 218,246 Creditors꞉
Amounts
Falling
Due
Within
One
Year 11 (6,361) ‑ (6,361) (6,361) NET
CURRENT
ASSETS
(LIABILITIES) 278,365 ‑ 278,365 211,885 TOTAL
ASSETS
LESS
CURRENT
LIABILITIES 278,365 1,883,546 2,161,911 2,142,523 NET
ASSETS 278,365 1,883,546 2,161,911 2,142,523 FUNDS
OF
THE
CHARITY Restricted
Funds 1,766,218 1,813,310 Unrestricted
Funds 395,693 329,213 TOTAL
FUNDS 2,161,911 2,142,523 For
the
year
ending
31
December
2024
the
charitable
company
was
entitled
to
exemption
from
audit
under
section
477
of
the Companies
Act
2006
relating
to
small
companies. The
members
have
not
required
the
charitable
company
to
obtain
an
audit
in
accordance
with
section
476
of
the
Companies Act
2006. The
trustees
acknowledge
their
responsibilities
for
complying
with
the
requirements
of
the
Act
with
respect
to
accounting records
and
the
preparation
of
accounts. These
accounts
have
been
prepared
in
accordance
with
the
provisions
applicable
to
companies
subject
to
the
small
companies regime. On
behalf
of
the
board Reverend
S
Ikemura Trustee 30/09/2025 The
notes
on
pages
8
to
10
form
part
of
these
financial
statements. Page
7

Happy
Science
Europe Notes
to
the
Financial
Statements For
The
Year
Ended
31
December
2024 1. General
Information Happy
Science
Europe
is
a
company
limited
by
guarantee,
incorporated
in
England
&
Wales,
registered
number
03932599
and registered
charity
number
1081158.
The
registered
office
is
. 2. Accounting
Policies 2.1. Basis
of
Preparation
of
Financial
Statements The
financial
statements
have
been
prepared
in
accordance
with
the
Charities
SORP
(FRS
102)
"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)
(effective
1 January
2019)",
Financial
Reporting
Standard
102
"The
Financial
Reporting
Standard
applicable
in
the
UK
and
Republic of
Ireland"
and
the
Companies
Act
2006. The
charitable
company
is
a
Public
Benefit
Entity
as
defined
by
FRS
102. 2.2. Tangible
Fixed
Assets
and
Depreciation Tangible
fixed
assets
are
measured
at
cost
less
accumulated
depreciation
and
any
accumulated
impairment
losses. Depreciation
is
provided
at
rates
calculated
to
write
off
the
cost
of
the
fixed
assets,
less
their
estimated
residual
value, over
their
expected
useful
lives
on
the
following
bases꞉ Freehold 2% Plant
&
Machinery 20%
&
25% 3. Income
from
Donations
and
Legacies 2024 2023 Unrestricted Total funds funds £ £ Donations
and
gifts 77,056 88,597 4. Investment
Income 2024 2023 Total Total funds funds £ £ Bank
interest
receivable ‑ 16 5. Net
Income/(Expenditure) The
net
income/(expenditure)
is
stated
after
charging/(crediting)꞉ 2024 2023 £ £ Depreciation
of
tangible
fixed
assets
‑
owned 23,546 23,546 Page
8

==> picture [531 x 782] intentionally omitted <==

----- Start of picture text -----
Happy
Science
Europe
Notes
to
the
Financial
Statements
(continued)
For
The
Year
Ended
31
December
2024
6. Analysis
of
Expenditure
2024
Activities Support
undertaken costs
directly (see
note
7) Total
£ £ £
Raising
funds 53,284 14,078 67,362
2023
Activities Support
undertaken costs
directly (see
note
7) Total
£ £ £
Raising
funds 50,645 57,275 107,920
7. Support
Costs
2024
Raising
funds
£
Premises
expenses (14,149)
General
administration 27,583
Governance
costs 644
14,078
2023
Raising
funds
£
Premises
expenses 20,552
General
administration 29,735
Governance
costs 6,988
57,275
8. Average
Number
of
Employees
Average
number
of
employees
during
the
year
was꞉
NIL
(2023꞉
)
Page
9
Trial
----- End of picture text -----

Happy
Science
Europe Notes
to
the
Financial
Statements
(continued) For
The
Year
Ended
31
December
2024 9. Tangible
Assets Land
& Property Freehold £ Cost As
at
1
January
2024 2,315,177 As
at
31
December
2024 2,315,177 Depreciation As
at
1
January
2024 408,085 Provided
during
the
period 23,546 As
at
31
December
2024 431,631 Net
Book
Value As
at
31
December
2024 1,883,546 As
at
1
January
2024 1,907,092 10. Debtors 2024 2023 £ £ Due
within
one
year Other
debtors 200 200 11. Creditors꞉
Amounts
Falling
Due
Within
One
Year 2024 2023 £ £ Accruals
and
deferred
income 6,361 6,361 12. Transactions
with
Trustees During
the
year
the
expenses
reimbursed
to
the
trustees
or
paid
directly
to
third
parties
were
as
follows꞉ 2024 2023 £ £ 13. Related
Party
Disclosures 14. Company
limited
by
guarantee The
company
is
limited
by
guarantee
and
has
no
share
capital. Every
member
of
the
company
undertakes
to
contribute
to
the
assets
of
the
company,
in
the
event
of
a
winding
up,
such
an amount
as
may
be
required
not
exceeding
£1. Page
10