Compfiny registered number: 05114516
Charity registered number: 1104491
SOKA GAKKAI INTERNATIONAL- UK
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR 31 DECEMBER 2024

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CONTENTS
Page
T]￿steeS, Annual Report
Independent Auditor's Report to the Members
21
Stateinent of Financial Activities
24
Comparative Statemei)t of Financial Activities
25
Balance Sheet
26
Statement of Cash Flows
27
Notes to the Financial Stateinents
28

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Tlie trustees present their report and the financial statements of Soka Gakkai International UK (referred to as
'SGI-UK") for the year ended 31 December 2024.
The financial statements hav¢ b¢en prepared in accordance wilh the accounting policies set out in notes to ihe
accounts and comply wilh th¢ charity's governing document, the Coinpanies Act 2006, Ihe Charities Act 201 l and
the Chai'ities SORP {FRS102).
OBJECTIVES AND ACTIVITIES
Charitable Obj¢¢¢ives
The charitable objectives for which SGI-UK is established are stated in the current governing document as follows..
To promote in the United Kingdoin and elsewhere in the World ihe study and practice of Nichiren Buddhism as
taught by Soka Gakkai International by such means as the trustees think fit including. but not limited to..
(A)
(B)
The promotion of peace and understanding between peoples of different cultures and races.
The education of the public in arts of cultural and educational value (including the arts of music, song,
dance, drama, litei-ature, painting, drawing and sculpiui'e).
The education of the public about conservation, protection and improv¢m¢nt of the environment.
The education of the public about human rights and their maintenance and observation.
The relief of poverty, sickness, infirmity and old age. and
The education of the public about peaceful means of contlict resolution.
(c)
(D)
(E)
(F)
Charitable Activities
In pui'suaiice of its charitable objectives, and in order to achieve the overall aims of its mission, the principal
charitable activity of SGI-UK is the"advan¢ement of religion" as it relates to the Buddhism of Nichiren Daisl)onin.
Each year, this overall single charitable activity is undertaken in a number of ways by SGI-UK..
Providing and maintaining centres for the study and practice of Nichiren Buddhism and other activities
directed towards the fuitherance of the charity's mission.
Commissioning, printing, publishing, displaying and circulating newspapers, pamphlets, books, circulars,
magazines, IEcordings, tapes, films, electronic information, and any other educational materials.
Organising or supporting lectures, seminars, courses, classes, workshops, conferences and meetings;
Promoting and staging aitistic, musical, cultural and dramatic performances, shows, exhibitions, concerts and
other eveiits. and
Co-operating with and supporting other voluntary, non-govemmental and statutory bodies and organisations
including the United Nations whose purposes are compatible wilh the objective5 of the charity.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Indicators, Milestones & Benchmarks
The trustees inonitor a range of measures to detemline the success of the charity in meeting its objectives. These
measures include:
Level of membei'ship of SGI-UK and ihe trend over time.
Changes in the number of districts and other organisational uiiits.
Attendance at coui'ses, meetings and evenls to study and share ihe teachings of Nichiren.
Circulation and readership of publications.
Feedback from delegates aiid the public more generally.
The extent of, and feedback from, other entities with whom SGI-UK co-operates or to whom SGI-UK provides
support.
Numbers of weddings and funerals.
Academic reseai'ch on SGI-UK.
Study exain statistics.
Public Benefit
The trustees have taken The Charity Commission's specific guidance on public benefit (contained within the
guidance publication "The Advancement of Religion for the Public Benefit") into consideration in prepai'ing their
statements on public benefit contained within this trustees, annual report.
Benefils & Benefieiai'ies
In accordance with its charitable objectives, SGI-UK strives to advan¢¢ religion as it relates to the Buddhism of
Nichiren Daishonin. The charity's principal beneficiaries are Iherefore..
The members of SGI-UK;
People exploring wheiher they wish to become members of SGI-UK; and
Members of the public wlio come to any SGI-UK activity or look al any of our resources in order to find out
about Buddhism in the Nichiren tradition.
In addilion, beneficiaries include people who visit Taplow Court Open Days and attend cultural activities Éhal we
hold whether in pei'son or online, both being ways of opening ours¢lves to society and making fi'iends, as well as
communicating our attitude to life, without explicitly teaching about Buddhism, and school children who visit
Taplow Court as an educational resource also benefit. Finally, Ihose groups in the local community whom we
allow to use Taplow Court wiihout charge in order to hold charitable or educational activities also benefit.
The benefits provided to beneficiaries by SGI-UK are:
The practice of Buddhism is a benefit in itself, being a practice and philosophy that enables the individual to
stt'engihen their lives, overcome weakness and achieve goals. This growth in the tndividual affects tlieir
families, communities and places of work. [Inde¢d, in the words of the Presldent of SGI Daisaku Ikeda, we
find.. "A great human revolution in the life of one person can change the destiny of humankind and our entire
planet"]:
Tl)e organisation of monthly discussioii meetings throughout the UK open to all at no charge, where Buddhism
in the Nichii'en tradition is conimunicated thyough short presentations, experiences and open discussion.
The organisalion of monthly study meetings throughout the UK where the writings of Nichiren are studied
also open to all at no charge.
The provision of seminars, other study opportunities and courses, as expanded elsewhere in this report-
Explanations aboui Buddhism to school children and students at Taplow Court and in schools and other
inslilutions Countt'ywide, wheiE local members sp¢ak by invitation as Buddhist practitioners during Religious
Education lessons and at other tiin¢s:
Inlroductoiy talks about Buddhism held at our Londoii centres and at various venues country wide.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Conduct of religious ceremonies- weddings and funerals. and
A leadership network which exists to provide continuous support to people in their practice of Buddhism.
'uslees' Assessinenf ofPiiblic Benefit
In relation to their assessment of the delivery by the charity of public benefil, the truslees take into consideration
the following sources of evidence:
Members, expei'iences of practice shared at meetings and published in our monthly magazine-
Numbers of members and guests attending discussion meetings, study meetings and taking part in the annual
study course and attending Buddhist courses;
Number of school and student visits to Taplow Court and the positive responses elicited by Ihese. and
Number of weddings and funerals conducted.
We appreciate that the benefit cannot best be conveyed through numbers, and that the best gauge of benefit is the
first on¢ above. memb¢is' experiences.
Grant Making Policy
The charity does not currently give grant5 in any fomal structured manner as a means by which it fulfils its
chai-itable objectives, and therefore, the Irustees have not set a grant making policy.
However, from time to time, SGI-UK will provide ￿ndIng by way of donations lo certain other voluntaiy, non-
governmental and statutory bodies and organisations where the trustees are satisfi¢d that such support will help to
promote the Buddhisin of Nichiren Daishonin through peace, culture and education.
Relationsliips Ivith Related Partie5
SGI-UK is a member of the Network of Buddhist Organisations in the United Kingdom and a corporate member
of UNICEF and the Commonwealth Human Ecology Council. SGI-UK is an active member of Religions for Peace
UK. In 2021 SGI-UK was acci'edited as an Observer Organisation for Ihe United Nations Frainework Convention
on Climate Change (UNFCCC) and repi'esentatives have attended iheir conferences {COP26 in Glasgow, COP27
in Sharm El-sheikh, COP28 in Dubai and COP29 in Baku); this status will be ongoing for future conferences. As
a member of the Soka Gakkai International ("SGI") community worldwide, SGI-UK is implicitly related to all
similar SGI entities and in paiticular works closely with the founding Soka Gakkai entity based in Tokyo, Japan.
Representation on Other Bodies
SGI-UK does not Currently pursue its charitable objectives through representation on any other external bodies.
New Soka Gakkai Charter
In 2021, the updat¢d Soka Gakkai Charter replaced the SGI Charter to further articulate the organization's
purposes, the ideals motivating its activities and its guiding pi'inciples in the realm of social engagement as a global
organization promoting peace and culture. The text of the Charter is sel out below, and where appropriale the
relevance of each principle to our activities will be highlighted elsewhere in this Report.
Pi'eainble
We, the Soka Gakkai organizations and members throughout the world, share the aim and mi55ion of promoting
peace, culture and education based on the Buddhist teaching of respect for the dignity of life.
In the face of multiple, interlocking crises, it is clear that humanity's survival and flourishing must be a shared,
cooperative undertaking founded in an awai'eness of our intimale conneclions with all fonns of life. Everyone's
contribution is needed, and no one must be left behind.
We believe that the teachings of Nichiren Buddhism offer a meaT]s for each of us to manifest within the realities
of daily life the unlimited capacity for wisdom, courage and compassion we all possess. We therefore seek to fostei.
individuals who are einpowered to take on the daunting challenges we face and are committed to building a more
just ai)d sustainable woi'ld for future generations.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
We, the respective organizations of ihe Soka Gakkai, raising high the banner of global citizenship, the spirit of
active tolerance and respect for human dignity, and determined to confront the threats facing humankind based on
an unwavering commitment to nonviolence and the culture of peace, hereby adopt this charter, affirniing the
following purposes and principles.
Piiiposes andPrinciple
The Soka Gakkai will conlribute to peace, culture and education based on the Buddhist teaching of respect
for the dignity of all life.
The Soka Gakkai will promote an understanding of Nichiren Buddhism through grassroots dialogue and
exchange, thereby contributing to the realization of human happiness and well-being.
The Soka Gakkai will respect and proinote freedom of thought, conscience and religion.
The Soka Gakkai will, based on the Buddhist spirit of tolerance, respect other religious and philosophical
traditions, engaging in dialogue and working together with them toward the resolution of the fundamental
challenges confronting humankind.
The Soka Gakkai will respect local cultures and customs, and the autonomy of each organization. Each
organizalion will develop its activitie5 in accoi'dance with the laws and conditions prevailing in that country
or tei'ritory and will encourage its members to conti'ibute to society as responsible citizens.
The Soka Gakkai will work for peace and a world free from nuclear weapons and will promote just and
sustoinable development.
The Soka Gakkai will safeguard and promote human rights. It will not discriminate against any individual
and will oppose all fonns of discrimination. It will contribule to the achievement of gender equality and
promote the empowement of women.
The Soka Gakkai will respect cultural diversity and promote intercultural exchange, thereby contributing to
mutual understanding and cooperation among the world's peoples.
The Soka Gakkai is Committed to building a sustainable world for future generations, addressing the climate
ci'isis, and protecting and caring for the ecosystems of Earth.
l O. The Soka Gakkai will promote education, learning and scholarship, to enable all people to Cultivate their
individual character and enjoy conlributive. fulfilling and happy lives.
ACHIEVEMENTS AND PERFORMANCE
Actlvities & Events
Members of SGI-UK were involved in organising and broadcasting an event held in the European Parliainent in
Bi'ussels on 20th FebI￿ary to cominemorate the life and activities of SGI President Daisaku Ikeda. hosted by Vice
President of the Parliament Pina PicieiTho MEP, in collaboration with SGI Europe. Vice Piesident Picien)o had
written a message of condolence to the Ikeda family, and Co-chair of SGI Europe and SGI-UK vice General
Dii-ector Suzanne Pritchard l'ead the moving message of appreciation that Daisaku Ikeda's eldest son, Htromasa
Ikeda had written In Yespoiise on behalf of the family. Stefano Bettera, Prestdeiit of the European Buddhist Union,
Sandi'ine Dixson-Declève, Co-President of the Club of Rome, Melissa Parke. Executive Director of the
International Campaign to Abolish Nuclear Weapons (ICAN) and Robeit Harrap, Co-chaii. of SGI Eui'ope and
SGI-UK Executive Advisor all spoke. They each shared how Pi'esident Ikeda's Ilfe had impacted and influenced
different aspects of European culture. The event was live slreamed on SGI-UK'S YouTube platforni and viewed
mor¢ than 70,000 times.
Most of SGI-UK'S activitie5 wei-e held in person in 2024. with some event5 being held as hybrid meeting usiiig
online video platfomis such as zoom lo leave no one behind.
Our shop5 at Taplow Court and our other centres selling Buddhist books and items were able io open regularly,
and our online shop and mail order continued to provide a sei'vice.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Jnipftcl of Core iicllvilies lo Proiiiole ilie Siiiily aiid Praclice ofNicliireii Biiddlilsni as lftuglii by SGJ
Our basic method of inlroducing people to SGI-UK and Nichiren Buddhism is through inviting them to the
monthly discussion meetings held by our 623 districts around the country. Study lectures, introductory talks and
public l¢ctures also continued in a variety of ways. The London Ikeda Peace Centre at 7 Wakefield Sti'eet, London
WC l. the South London National Centre in Brixton and the West London Centre in Acton opened for use by our
members.
Our average moiilhly attendance at monthly discussion meetings is 3959, with an average of 371 guests.
The Iiumber of districts at the end of 2024 was 623 (2023: 627).
We continued to hold Membership and Gohonzon Bestowal Ceremonie5 With national cerernonies in August and
November. 245 new meinbers (2023.. 207) joined SGI-UK at in-person ceremonies at our national HQ Taplow
Court and at other regional ceremonies.
Our monthly magazine, the Art of Living ("AOL"), has over 3100 subscriptions for our print version and the print
run continued at 4,000. Single issues were bought Éhrough our various centi'es and by mail order. Our digital
version of the AOL by the end of 2024 has increased its subscriptions to 1184. We expect this number to continue
increasing and the demand for the print version to conlinue to reduce over time.
Districts as referred to above are organised into chapters, usually consisting of 2 to 4 districts. Study of Nichiren
Daishonin's writings are organised monthly, usually on a chapter level. There are 171 Chapters. Preparation for
lectures is held some months before each lecture, support material being sent electronically to all lecturers.
Inti'oductory lectui'es coiitinued online.
There were 10 residential courses and 18 one day courses held at Taplow Court with 2,270 participants. Some
Areas held local summer coui'ses between June and September.
Meetings to inspire and support Leaders were held in person with a hybrid Opiion and were oi'ganised natioi)ally
and locally. In Api'il two consecutive days of repi'esentalive ¢hapier and district level leaders, inspii'ation meetings
were held at Taplow Court with an ovei'all attendance of one thousand. In November I'epresentative leaders.
Ineeling was held with five hundred participants to kick-off the organisation towards 2025.
Study coui'ses give a sti'uctured study syllabus for all members to take advantage of. The Grade 1, 2 and 3 exams
were held in 2024. 234 participants took the Grade l exam (and 223 passed) and 213 took the Grade 2 exam (and
152 passed). 166 look Grade 3 exam (and 96 passed).
Our study courses continued with online meetÉngs, and gradually introduced face to face opportunities. Study
courses give a structured study syllabus for all members to take advantage of.
The SGI-UK Study Depaitment has split inÉo four subgroups, which focus on particular areas of study. Tl)ese are:
study courses and exams, study lecturers, training, study materials and publications, and study admin.
Numbers of weddings and funerals.. SGI-UK conducted 10 weddings (2023.. 11) and 33 funerals (2023.. 13).
SGI-UK Outreach activities in 2024
The SGI theme for 2024 was 'Year of Fresh Departur¢ for a Youthful Soka Gakkai Worldwide"
In addition to
the activities for SGI-UK members mentioned earlier Én this report. this section highlights a selection of SGI-UK'S
oulreach activities and events that took place in 2024, referencing the Soka Gakkai Charter principles. These short
articles were originally reported in the AOL on-line news, a rolliiig news servtce for SGI-UK members.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
'This is Our A
'Cam
ai
n and Festival throu
h 2024 10 26 Janua
202
The 'This is Our Age, campaign (which demonstrated all ten of th¢ Soka Gakkai Chaiter principles) included a
range of events towards the 50th anniversary of the founding of SGI on 26 January 2025 with the aim to transform
oui. future iiito one that is just, sustainable and prosperous.
The events were centred around public engagement while supporting the United Nations Sustainable Development
Goals through the exhibition created through a collaboration between SGI and Earth Charter International called
'Seeds of Hope and Aclion. The campaign was driven by our core values which supportus totransfoi7n our world
and support ihe SDGS. Four main events took place through the year: at Taplow Court in March, at the Univeisity
of Glasgow in June, at the University of Waiwick in September, and at University Trinity St David's in Cannarthen
in November. The exhibition was also displayed at Goldsmiths College in South London.
The 'TI)is is Our Age Festival, took place on sixteenth March at the SGI-UK Grand Culture Centre Taplow Court
and launched an initiative to inspire ten thousand young peopl¢ in the United Kingdom to stand up in solidarity iii
2024 to open the way to a brighter future for society and the world. The event hosted over one Ihousand two
hundi'ed young people in two sessions. ranging from seven to eighteen years old. The festival was a public-facing
event aiming to highlight how SGI addresses global issu¢s such as poverty, peace, sustainability, climate change
and inequaltty. By educating ourselves and the wider public on these issues, the festival sought to raise awareness
and fostei. collective action towards building a society on the foundation of respect for the dignity of life. Various
activities were available, including DJS playing music in Ihe gardens. a clothing caravan demonstrating how to
upcycle clothes and avoid waste, and quizzes and workshops focussing on sustainability. The event closed with
the participants iiiviled to respond to a Call to action togeiher with this pledge. I dectde to: sland up and unite in
solidarity with the young people of the world to create a brighter future for our planet. to shine with the light of
humanity and realise my full potential in every area of my life. to be a beacon of hope demonstrating that another
world is possible.
15 June SGI-UK celebi'ated the thirtieth anniversary of SGI President Daisaku Ikeda receiving an honorary
doctorate from the University of Glasgow with a special event, tilled 'L¢ave No One Behind: Humaiiistic
Educatton for the Flourishing of Each Person, The event was held in Bute Hall, in the University of Glasgow.
Bute Hall echoed with Inusic, voices ai)d dialogue, exploring a return to the true purpose of education as expressed
in the United Natioii's Sustainable Development Goal 4. a source of personal dignity and empowemient, The
seven hundred guests were welcomed by ceilidh music and song. A key part of the event was a dialogue hosl¢d
by teenagers with Professor Sinead Gormally {Professor of Community Development and Youth, University of
Glasgow). Dr. Wanda Diaz-Merc¢d (University of Glasgow alumna and astrophysicist), and Greg Duncan
(University of Glasgow alumna and Deputy Headteacher of Perth Grammar School) based ai'ound thr¢e questions..
what does it mean to leave no one behind, what are the key ingredients in humanist education, and what does it
mean to bring out someone's ￿11 potential and help them flourish? Also in attendance was Professor Emeritus -
J. Forbes Munro, who pi'oposed the honorary degree be awailed to Daisaku Ikeda in 1994.
Ot1 8th Septeinber tlie tl)ird in a series of events as part of 'This is Our Age. inTtiative took place in the University
of Watwick Ai'ts Centre, iii collaboi'alion with likeminded external partners, reaching out into wider society and
was co-hosted along with University of Warwick (Uow). More than three hundred people were welcomed, along
with local schools who were invited through Uow's UNESCO outreach programme. The festival showcased 'The
Seeds of Hope and Action, exhibition alongside a Peace Fayre that consisted of many stalls with ci'eative aiid
dialogue-based workshops, aiming to raise awareness on the themes of nuclear abolition and Sustainable
Development Goals. Speakers included Kyoko Gibson, a second-generation survivor of the Hiroshima bombing.
ICAN I'epresentative Daniel Hogsta, with the Mayor of Solihull Shahin Ashraf MBE in allendance.
From 14 to 19th October the exhibition 'Seeds of Hope and Action. was put up in Goldsmiths College in southeast
London, in collaboration with the College's Equality, Diversity and Inclusion team. There were talks and live
music, a panel discussion on the exhtbition themes, family-friendly workshops, a clothes caravan. arts and crafts,
and ftlins. Tliis event connected approximately seven hundred and fifty people lo the exhibition. sowing the seeds
of hope through team-work and a creative and joyful spirit, inspiring visitoi's to take action towards co-creating a
better world for all.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
From 27th to 301h November the 'This is Our Age, Festival was held at the Halliwell Conference Centre at
University Trinity st David's in Cannarihen, Wales. The festival was free to attend, and included ihe 'Seeds of
Hope and Action, exhibition, school workshops and educators, forums delving into the SDGS, offei'ing practical
insights for daily life and education. Thes¢ sessions aimed io inspire a lifelong cominitment to sustainable living
and knowledge-sharing. In addition, there were panel talks and live music. The event opened with an opening
ceremony tliat included, Justine Marchant, SGI-UK General Director, Hayley Morgan, Chief Executive of the
Welsli Centre for International Affairs, Jill Evans, Vice Chair CND Cymru, Dr Luci Altalla, Associate Professor
of Anihropology al the University of Wales and Director of UNESCO-MOST Bridges, and Kyoko Gibson, second
generation hibakusha and meinbei. of SGI-UK. The festival also included a student pi'oduction of 'Oh What a
Lovely War!. On the last day, Ihe talks and performance included contributions from Abel Pearson from Glasbren,
Pam Evans O.B.E. fron) Peace Mala, Dan Llewellyn from Coetiranianlcambrian Wildwood, a choir perforniance
from Sweet Hannonies and Preseli Voices and Jill Sutton fi'om Fairtrade.
The following reports give some examples of how our other activities in 2024 touched on the principles in the
Soka Gakkai Charter..
l The Soka Gakkai wtll Contribute to peace, Culture and education based oil the Buddhist teaching of
respect for the dignity of all life.
th
Friday 8 March saw the return of Maidenhead Rotary Club'5 annual charity fundraiser called 'Maidenhead's Got
Talent,. This ev¢nt has been lield annually for fifteen years, but due to the Covid pandemic it had been four years
since this event was last held at Taplow Court. This is an oppoi'tuiiity for local schools and youth clubs to present
group and solo perfoi'mances of singing and dancing. In thanking SGI-UK the Rotary Club reported that they wei'e
able to donate £4,500 to two local Charities.
On 9 May, twenty-three members of Buckinghamshire Gardens Trust paid a visit to Taplow Court for the first
time and were given a guided tour of the gard¢ns and grounds. They were particularly keen to see the way th¢
historical framework of the gardens, whilst still very evffident, has been adapted over the last cenlury through the
changing ownership of Taplow Court.
2. November SGI-UK young people of East London Area organised an infoiinal jazz concert at the London Ikeda
Peace Centre, to explore the musi¢ of SGI-USA m¢mb¢rs Herbie Hancock and Wayne Shorter (1933-2023). The
concert was compleinented by a panel discussion which explored the lives of these two iconic ai'tists, explaining
how their Buddhist practice shaped th¢ir worldview and creative vision.
2. The Soka Gakkai will promote an understanding of Nichiren Buddhism through grassroots dialogue and
exchange, tllereby Contributing to the realization of human happiness and well-being.
On 16, May, Tring and Berkhamsted District members held an 'lnti'oduction to Buddhism'talk at the 'Open Door,
community Café in Berkhamsled. Once the formal talks had been completed hot drinks and cakes were served,
and guests were free to ask any questions of th¢ SGI-UK members seated at their table and formed a bond with
them.
On 291h May 'The Well@ Lent Rise, a community group of residents of Burnham, the village next to Taplow,
visited Taplow Court. They were welcomed with refreshments and then an introduction to Nam-myoho-renge-
kyo.
Members of Many Treasures District {Exeter) joined and supported the Exeter Respect Festival held on 81h June.
Thousands of people attended the event in Belmont Park, where there was music, food and culture from across tlie
world. The SGI was one of the faith groups i'epresented at the Devon Faith and Belief Forum.
On 9, October SGI-UK members had a joyful day speaking with students and staff at the well-being event for
World Mental Health Day held at East Sussex College in Hastings.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
An 'Introduction to Buddhism, talk was giving on 24111 November at Raynes Park Library Hall, in southwest
London. The speakers covered various topics including a brief history of Buddhism; this was followed by two
personal testimonials, and a short qu¢stion and answer session.
3. The Soka Gakkai will respect and promote freedom of thought, conscience and religion.
A conference co-organis¢d by ihe Soka Gakkai, SGI-UK, the Cents'e for Applied Buddhism, the Club of Roine
and th¢ 50 Percent, look place at Taplow Court and online on 9th October, under the title 'It's Time for a Human
Revolutionl, Young people played a central role in the event and intergenerational dialogue and collaboratioi) was
promoted. The conference welcomed one hundred and thirty people in person and four hundred and fifty oiiline.
The participants included youth leaders, represented NG05 and international organisations from nineteen
countries. All the participants engaged in dynamic discussions, honouring the fortieth and forty-fifth anniversaries
of the publications: 'Before It Is Too Late, and 'No Limits to Leai'ning,. These dialogues focused on the critical
theme of inner transfonnation, refe￿ed to as 'human revolution, and mutual learning. The Secr¢tary of the Club
of Rome, Carlos Alvarez Pereira emphasized the importance of asking challenging questions to ov¢rcome blind
spots. He stressed the human potential for learning as key to f05tering iealistic yet hopefvl approaches to global
issues. Co-chair of Europe and SGI-UK Executive Advisor Robert Harrap provtded an introduction to the book
'Before it is too Late, which was a dialogue held between Aurelio Peccei, founder of the Club of Rome and
Daisaku Ikeda, President of the SGI.
On Thursday 13 June. sixty-five people attended Ihe Windsor and Maidenhead Community Forum (WAMCF)
interfaith Reception at the Norden Fann Arts Cenlre, including representatives of SGI-UK. The reception included
representatives from nine faiihlbelief groups, the Vice Lord Lieutenant of Berkshire representing King Charles,
the Mayor of the Royal Borough of Windsor and Maid¢nhead, and th¢ local Police Inspector, as well as community
leaders.
On 13, July, SGI-UK members in Northwest Kent joined Medway Interfaith Action's annual walk. The walk
included a visit to a Sikh Gurudwara, a Hindu Mandir and an Islamic Mosque. The day ended at a local church
whei'e there was entertaininent and refreshments.
4. The Soka Gal(Icai )vill, based on tlie Buddhist spirit of tolerance, respect other religious and philosophieal
traditions, engaging in dialogue and ivorking together ivith them toward the resolution of the fuildamental
ehallenge5 confronting hurnanlcind.
SGI-UK meinbers of Devon joined people of various faiihs lo plant on¢ hundred and fifty trees in a cominunity
orchard in the City of Exeter on l O February, with the help of a Nature Reserves Officer from the Devon Wildlife
Trust. and the Chair of the Devon Faith and Belief Forum said the SGI had brough 'youth and brigl)tness' lo the
day. A pl'ayer and reflection meeting was held prior to the tree planting, during which inspiration about nature
from SGI Pi'esiden¢ Daisaku Ikeda was shared.
SGI-UK members living in Waltham Forest in northeast London provided a stall at Walthamstow Town Hall's
Interfaith Festival and brought wilh them a handmade 'Tree of Hope, on which visitors could write theii. hopes for
the futui'e on leaves made out of card which were then hung on the tree. The tree was then going to go on a tour
of local libraries and school5.
5. Tlie Solia Gakkai will respect local cultures and customs, and the autoiiomy of each organisation. Each
organisatioii ivill develop its activitie5 ill aecordaiiee with the laws and eondilions prevailing in thAt country
or territory and will encourage its mem bers to ¢oJ)tribute to society as responsibl¢ citizens.
SGI-UK hosted Cliveden National Ti'ust at Taplow Court on Thursday 22. February for their Spring Gathering.
Three hundred Cliveden volunteers enjoyed the opportunity to reflect on iheir achievements in 2023 and Inake
plai)s for the coining year of 2024. The participants gathered for a welcome from SGI-UK Executive Advisor
Robert Harrap, as well as thanks and forward vision from Robert Mile5, General Manager of the Cliveden estate
and Sandy Nairne, Deputy Chair of the National Trust.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBIR 2024
The SGI-UK Grand Culture Centre Taplow Court began its series of six Open Days on 5th May, when the general
public are invited to visit Taplow Court. The month of May 2024 Commemorated the thirty-fifth anniversary of
the foi'mal opening of Taplow Couit iii May 1989 by SGI President Daisaku Ikeda. Open Days were held on the
first Sunday of the month from May to September, and the National Heritage day in mid-Sepi¢mber.
Each year, three nurses from across the United Kingdom are selected to lead a procession for a coinniemoration
service at Westminster Abbey, London to reinember the life and spirit of Florence Nightingale. On 15 May SGI-
UK member Matt Brayford, from Wales, was one of the chosen thre¢- the r￿st ever mental health nurse selected.
SGI-UK acknowledged the legacy of William Grenfell, Lord Desborough, the last pi'ivate owner of Taplow Court
wilh is support of the book launch 'Titan of the Thames, a newly published biography on 19, June at Taplow
Court Grand Culture Centre. As a member of the Thames Conservatoiy for over foity years. Lord Desborough
was instNmental in resliaping and modeinising the river, enabling better access to drinking water iii London, and
a clean and safe environment for und¢rwater life as well as those working and living on the river. Based at Taplow
Court, Lord Desborough was also a noted supporter of many community projects and concerns. The Chairman of
Buckingham5hire Council and Deputy Mayoi. of the Royal Borough of Windsor and Maidenhead underlined the
extei)t to which his spirit of service continues to be recognised in the local community today and modern-day users
of the River Thames and descendants of the Grenfell family enjoyed meeting the book's authors Sandy N8irne and
Peter Williams.
On 23rd November Lorna Hunter from the University of Reading who is working closely with the British Museum
to investigate the full contents of Ihe Soxon Mound located at Taplow Court, and its 1883 excavation, gave a talk
shai'ing l)ei' lines of enquiry at Taplow Court Grand Culture Centre. She was joined by Paul Sneddoii of
Matdenhead Archaeological So¢i¢ty and Julian Munby of the Diocese of Oxford, who spoke about the saxon
church that formerly stood next to ihe mound. The talk was organised by St. Nicolas Church in the village of
Taplow and hosted by SGI-UK in support of raising funds for the repair of the vault, which partially fell in some
years ago, and is now Tesealed.
A c¢lebration of outstanding contributions of the voluntary sector across the Royal Borough of Wijidsor and
Maidenhead took place at Taplow Court on 5 December. The event provided an opportunity to thank over Seventy
local individuals and groups foi. theii. invaluable work. Asina Aziz, of the Voluntary and Community Sector
Partnei'ship) praised the night for its spirit of unity and gratitude, saying: 'it was a testament to the power of
collaboration and the unwavering commitment of those who support our communities. Thank you to SGI-UK for
providing such a stunning venue.
6. The Soka Galckai will work for peaee and a world free from nuclear weapons and ivill promote just and
sustainable development.
SGI-UK welcomed the Slough Philharmonic Chorus and Orchestra and the Marlow Community Choir on 18,
May lo Taplow Court. They performed Kai'l Jenkin's 'The Anned Man - a Mass for Peace,. Thei'e wei'e one
hundred singers and a fifty-piece oi'cheslra and there were three hundiEd and fifty in the audience. The Inoney
raised from the event was donated to 'Soundabout' a small national charity that uses sound and music foi. leaming
disabled children and adults with complex needs to express their voices. SGI-UK Vice General Director Sue
Thori)ton welcomed everyoiie and explained that Karl Jenkin's Mass for Peace was very fitting with the CUiTent
difficulties in the world, Cand she promised that the members of SGI-UK would continue their pl'ayers for peace
by chanting Nam-myoho-renge-kyo.
As part of the International Mayors for Peace imitative, members of SGI-UK contributed to an event held by the
Mayor of Wiiichester in August to mark the seventy-ninth anniversary of the devastating atomic bombings of
Hii'oshima and Nagasaki. The occasion was an important opportunity to reflect on the past and to look into the
future, promoting a inore peaceful and cooperative world. It was a solemn but hopeful gathering with many
Wincl)ester officials present, togetlier wtth foity representatives froin local organisations.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
7.The Soka GAkkai will safeguard aiid promote human rights. It will not discriminate against any individual
and will oppose all forms of discrimination. IÉ will contribute lo the achievement of gender equality aiid
promote the empoivertnent of women.
On 271h February, the Arts University Boumemouth held their LGB TQ+ Human Library event, and SGI-UK was
invited to attend. Representatives had each written a foreword to their 'human book. which was published into
reading list catalogue. From there students reviewed the catalogue to choose who they would like to have a fifteen-
Ininute dialogue with, before putting the representative 'back on the shelf for another student. The event was
based on the idea that human stories are powerful, and dialogue can transfoiin people. The human book of the
SGI-UK representative was the most picked book and they have been invited to return for future events.
SGI-UK representatives took part in the UK Black Pride event that was held in Queen Elizabeth Olympic Park on
I I th August. With an allendance in the region of 20,000 people, tt proved a great oppoitunity to welcome many
conversations about Buddhism at the stall that was set up.
8. The Solia Gakkai will respect Cultural diversity and promote intercultural exchange, thereby contributing
to mutual uiiderstanding alld cooperation among the iyorld's peoples.
On Sunday fourteenth January members of the Boumemouth, Christchurch and Pool Interfaith Group ¢ame
together foi. a vigil to acknowledge all those caught up in the Israel-Gaza conflict. Prayers were given from all
faiths. candles were lit in remembran¢¢ and songs were sung together. Even a small number of people of multi-
faiths coining together is symbolic and shows that prayers and reflections can help at a time when Inany people
are feeling shared pain. The whole event was recorded and shown on BBC South news.
The Twenty-f￿St Biennial Conference of the International Network of Engaged Buddhists (INEB) took place in
tlie city of Cheniiai from the 22 November to the 3rd December with two hundred and fify paiticipants from
eighteen couiitries under the theme 'Buddhist Hei-itage.. Towards an Inclusive Society,. INEB is a global network
of individuals and organisations who are committed to pi'omoting and working toward building compassionate
societies, environinent sustainability and world peace. SGI-UK'S Centre for Applied Buddhism {CfAB) took pait
in this conference. The confei'ence was structured around a series of parallel workshops on engaged Buddhism on
the themes: Archaeological Justice and Community Participation; Marginalised Communities on Gender, Social
Justice and Inclustveness; E¢o-Dharnia and Sustainability. Youth Empowerment. Key issues examined and
exploi'ed included.. the promotion of peace and social harmony. Buddhist heritage and culture since antiquity.
grassroots support for environmental sustainability, gender equality, children's well-being, and social justice;
spiritual development and practice. strengthening networks and I'elationships within the global Buddhist
community. and ¢ncouraging young people to explore and engage wilh Buddhist teachings and practices.
9. The Soka Gakkai is committed to building a sustainable world for future generations, addres5illg the
climate crisis, and protecting and caring for the ecosystems of Earth.
Twenty pupils from Claire's Court School in Maidenhead made Taplow Court iheir home for an Eco Day on
tweiity-ninth February. With support from local SGI-UK members, they learned about Buddhism from the point
of view of on¢n¢ss of self and environment, designed ordnance survey maps of the grounds, and held lively group
meetings around how to engage daily with each of the United Nations Sustainable Development Goals (SDGS).
On sixth Jui)e SGI-UK co-oi'ganised a side event at the UNFCC climate change confei'ence in Bonn, known as
SB60, with the SGI Office for Un Affairs and the Quakers. The event focused on how ethical values can guide
more successful and ¢ffective climate policies and brought together speakers from various realms of climate
change discussions, including biodiversity loss, techno-fixes, adaptation, farming and agriculture, ei)ergy
transitions and intei'genei-ational equity. The SGI representative spoke about the Buddhist principle of nonviolence
an the role of intergenerational equity in enhancing the meaningful and productive particftpant of young peopl¢ in
climate policy discussions and decision making. The SGI continues to work with other faith groups and
I'epresentatives to promote human rights-based approaches to tackling the issues of climate change and the
meaningful inclusion of marginalised voices in society.
10

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
As part of an imilalive called 'A Thousand Seed5 of Hope and Happiness. local SGI-UK members visited
Cambourne Village College near Cambridge on tenth July to share Buddhism with over one hundred and twenty
fourteen and fifteen yeai. olds. The SGI-UK members had been invited to give their perspective on the question,
'How do beliefs influence actions in relation to the environment?? As one of six religlous and non-religious groups
they presented a fifty-minute session to six different classes during the day. The central theme from SGI-UK was
the power of inner generated hope as a resource to win in life and initiate great action in society.
Between 19-23 August an SGI-UK representative attended the European Association of the Studies for Religion
(EASR) 2024 Conference in Gothenburg Sweden. This representative was part of a panel on 'Buddhist responses
lo the ecological crisis and climate change,, which had been convened by Italian academic Prof. Massimo
Introvigne, lo honoui- Daisaku Ikeda. Massimo Introvigne, Rosita Soryte and Nicole Bauer gave papers on the
Soka fjakkai's Interpretation of the Principle 'Three Thousand Realms in a Single Moment of Life,; Ikeda's
'Climate Action,, 'The Treasure Tower The Peace Pi'oposal 2020, Daisaku Ikeda's 'Last Word on Climate
Action,: 'Between Buddhism and Postmodern Spirituality.. The Popularisation of Soka Gakkai and it5 Ecological
Teachings in Austria and Geimany,.
The Green Festival was held in Nottingham on eighth September. It is an annual outdoor event where local chai-ities
and organisalions cominitted to creating a greener future come together. SGI-UK had a stall at this event and
handed out home made bookmarks with inspirational quol¢s on them- they also accompanied 'The Coat of Hope,
which is a coat embroidered with people's hopes foi. the future. Ihis coat had been worn on a walk from Lincoln
to the Green F¢stival by volunteers.
l O The Soka Gakkai will promote education, learniiig and scholarship) to enable all people lo eultivate their
individual character and enjoy ¢onÉributive, fuifilliiig and happy lives.
Members from across Dorset hosted an SGI-UK infonnation stall at Bournemouth University Refresliers Fair on
Tuesday 6th February. The Fair offei's a chance for students to refresh their university experience by joining a
club, society or spoits team. As part of th¢ University Faith and Reflection Team, Ihe SGI-UK members were
invited to participate and talk with students about Nichiren Buddhisin and the Soka Gakkai.
On thirty-first October SGI-UK membe13 in Wigaii visited All Saints Church of England Primary and Nursery
School. Ai the requ¢st of the school, they shared Buddhism with the students through workshops tailored to the
school yeai" one was a craft activity that involved mirrors. The children were able to express the Buddhist concept
of the ten worlds using their bodies.
For the fifth year runniiig, Year five students (aged nine to ten) of North Ealing Primary School were treated to an
interactive talk by the local SGI-UK members as part of the UK Schools, Interfaith week.
FINANCIAL REVIEW
Fliiftiiclftl Resiills ofAcllvilies & Eveiils
SGI-UK generated total iiicome of £3,201,786 (2023: £3,337,436) including total income on endowment funds
of £274,633 (2023: £162,191).
Total expenditure amounted to £4,115,420 (2023.. £3,762,264) the vast majority of which was incurred
rurihering the principal activity of the charity that being the advancement of religion.
Graiil Mukiiig
The charity does not currently give grants as a means by which it fulfils Its charitable objectives.

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Reserves Policy
SGI-UK relies upon the support of its Inembers lo conlinue its work in the United Kingdom. Because of this
recu￿Ing need for annual voluntary income, which by its natur¢ is inevitably unpredictable, it is the current policy
of ihe ti'ustees to endeavoui- to build up a reserve of unrestricted funds equal io three to six i￿OnthS operating costs
and which are not designated for any other specific purpose. The trustees consider reserves at this level will ensure
that, in the event of a significant drop in funding, they will be abl¢ to continue the chai'ity's activities while
consideration is given to ways in which additional funds may be raised.
At the balance sheet date, SGI-UK had "free reserves" of £1,184,125 (2023.. £1,457,314) which represents 4.0
nionths of operating COSÉS less depreciation. The opei'ating costs foi. Shop, Publications aiid Courses have differing
income streams. With regard to covering the income received specifically from Donations and Legacie5
(£2,364,959) fr¢e reserves represents 6.0 months, income. Free reserves are therefore considered to be adequate
but not excessive.
The trustees have agreed to designate £200,000 of reserves for major maintenance projects at Taplow Court. and
£500.000 to finance local centres in the future. Area leaders around the UK are able to bid for funding when a
suitable building has been found.
In 2024 £25,797 of the Designated Taplow Court Fund was spent on preparation works to impi'ove accessibility
to the Canteen by creating a new entrance to allow wheelchair access.
In addition, the trustees allocated £59,558 on preparation for major access impi'ovements to the London Ikeda
Peace Cents'e.
In addition to "free reserves" at the balance sheet date, the trust¢¢s were holding £15,970,677 (2023.. £16,365,754)
of unrestricted funds in a designated fund known as the Designated Fixed Assets Fund, representing the resoui'ces
required to finance the net book value of all functional fixed assets, and also £34,164,899 (2023: £32,354,297) in
an expendable endowment fund known as the Commemorative Expendable Endowment Fund.
liivesliiieiits Policy
The trustees have wide ranging powers to invest the funds of SGI-UK as they see fit. and in practice, tl)ey use a
range of banking facilities to ensure that funds generate appropriate levels of retum. whilst minimising risk.
For the year ended 31 December 2024, the charity's cash deposits generated investment income of £298,669
(2023: £174,257) which represents an average income return of 4.20/0 (2023.. 2.40/0). The Trustees targei for the
Charity's investments is to achieve steady growth.
PLANS FOR FUTURE PERIODS
Future Strategy
The trustees envisage a steady increase in the size of SGI-UK in the next 10 years. As indicated eai-lier, as local
areas reach about 500 active members, it will become appropriate to open community centres iii localities ai'ound
the UK in the same way as the three centres in London. The trustees monitor the regional growth in membership
and in consultation with local areas, will look for and open community centres as they become required. The
Irusle¢s also envisage improving the residential facilittes for coui'ses at Taplow Court within this time frame. In
2018 SGI-UK invited local Areas to make proposals when they feel they are ready to support a Centre in their
Area. The change in approach to activities because of the pandemic has paused discussions on regional Centres,
but this is expected to be revisited in 2025.
12

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
REFERENCE AND ADMINISTRATIVE DETAILS
The trustee5 of the charity, who are also ihe directors of the company, have held office, as follows:
SJBall
K Fujii
R P Harrap
F J Harrow
G Holman
C R Loewe
J Marchant (appointed l February 2024)
A Oakley
J Y E Peters-smith
R A Samuels
S Wilson (resigned I l April 2025)
The principal address of the charity and the registered office of the company is the offices of SGI-UK at Taplow
Court, Berry Hill, Taplow. Near Maidenhead, Berkshire SL6 OER.
The charity is registered under th¢ charity number 1104491, and the company is incorporated with the company
registration number 05114516. Toni-Ann Hirayama is the company secretary.
The trustees have made the following professional appointments:
Solicitor..
Womble, Bond, Dickin50n, 4, More, London Riverside, SEI 2AU
Horsey Lightly Solicttors, Devon House, 12115 Dartmouth Street,
Queen Anne's Gate, London SWIH 9BL
Auditor..
Haysmac LLP, 10 Queen Street Place, London, EC4R IAG
Bankers:
Triodos Bank. Deanery Road, Bristol, BS15AS
Investec Bank plc, 2 Gresham Street, London EC2V 7QP
Lloyds Bank plc, SME Banking. High Wycombe and Amersham
Barclays Bank plc, Slough - East Berkshire Group, Leicester,
Leicestershire LE87 2BB
The Charity Bank Limited, Fosse House, 182 High Street, Tonbridge TN9 IBE
Investment Managers..
Columbia Thi'eadneedle Global Equity Fund
Royal London Ethical Bond Fund
Stewart Investors Asia Pacific Fund
Stewart Investors Worldwide Fund
Montanaro Better World Fund
Generation
The following additional key members of staff assist the trustees with the day-to-day management of the charity..
S Mcwilliam
J Fageiice
M Mehta
T-A Hirayama
Ceiieral Manager
Senior Manager
Senior Manager
Senior Manager
13

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Sliilus & Hlslory
Soka Gakkai International ("SGI") is a Buddhist associalion with more than 12 million members in 192 couiitries
and teii'itories worldwide. For SGI members, Buddhism is a practical philosophy of individual empowerment and
irmer ti'ansformation that enables people to develop themselves and take responsibility for their lives. As lay
believers and 'engaged Buddhists,, SGI members slriv¢ in their everyday lives to develop the ability to live wiih
coiifidence, to ClEate value in any circumstaiices and to contribute to the well-being of friends, family and
community. The proinotion of peace, culture and education is central to SGI'S activities.
'Soka' is a Japanese word meaning 'value creation, and 'Gakkai' means 'society'.
Although the first members of SGI in the UK appeared in 1961, SGI-UK was originally set up in the United
Kingdom under a declaration of trnst dated 2 January 1975 and became an unincotporated registered charity in
England and Wales on 28 January 1975. Having updated its declaration of trust on 17 June 1993, SGI-UK was
then incorporated on 28 April 2004 and was re-registered as an incorporated charity on 22 June 2004.
In its current legal form, SGI-UK is a registered charity, and a company limited by guarantee, not having share
capital. Every meinber of the company is also a ts'ustee and director, and undertakes to contribute an amount not
¢xc¢eding £1 to the assets of the charity in th¢ event of the charity being wound-up during the period of
membership, or within one year thereafter.
SGI-UK is governed by its rules and regulations, as set down in the company's Memorandum and Articles of
Association dated 28 April 2004.
Orgaiiis(IlioiialSirucliire
The overall strategic direction of the charity is appi'oved by the trustees, who have delegated to the National
Coinmittee to deliberate and propose the organisational activities. The trustees usually meet formally every two
months, in the evening.
SGI-UK members are organised into local districls nationwide. These districts are further organised into chapters,
headquarters, regions and areas, all with volunteer leaders in faith. The districts meet several times a month in
members, hoines and hold a monthly discussion meeting open to members and guests.
Tlie General Director and two Vice-General Directors have been appointed by the trustees lo manage the day-to-
day operations and to inake decisions in this regard on behalf of the tsustee5. The General Director and the two
Vice-General Directors are assist¢d by a management team for the following functionsldepartments..
Confei'ence services
Courses and administration
Facilities management
General administration
Membership
Publications production and distribution
External relations
Shop
Accounts
Weddings and funerals
Human resources
Content managenient (publications and website)
Siibeoiiiiiiillees
At the pr¢senl time, there are three fom]al subcommiltees of the board of trustees and directors. These are the
National Committee, the SGI-UK Finance Committee and the Endowment Fund Finance Committee.
14

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Nalioiial Coiiiiiiillee
Role..
To make all the initial decisions about the activities and direction of SGI-UK within ihe strategic framework and
budgetary constraints set by Ihe truslees and director5.
Cui'i'enf iiieinbership..
Justine Marcliant, General Director (appointed 27 January 2024)
Robert Harrap, Executive Advisor and Vice General Director (appointed 27 January 2024)
Robert Samuels, General Men's Division Leader
Kazuo Fujii, Vi¢¢ General Director
Sue Thornlon, Vic¢ General Director
Suzanne Pritchard, Vice General Director
Sanda Mcwilliam, General Women's Division Leader and Vice General Director
Tobi Keryk, Women's Division Leader
Fiona Harrow, Women's Division Secretary General
Colette Ferns, Vice Women's Division L¢ader
Jacqueline Kington, Vice Women's Division Leader
David Woodger, Men's Division Leader
Munish Mehta, Men's Division Secretary General
Chris Nembhard, Vice Men's Division L¢ader
Donald Cameron, Vice Men's Division Leader
Koichi Samuels, Youth Division Leader
Anna Hashimoto, Vice Youth Division Leader
Gabrielle Westhead, Young Women's Division Leader
Jeni)y Balba, Vice-youiig Women's Division Leader
Amy Hamdoon Clough, Vice Young Women's Leader
Max Ei'le, Young Men's Division Leader
Chris Chung, Vice-young Men's Division Leader
Ryan Williams, Vice-young Men's Division Leader
Responsibilities..
To meet once a Inonih to deliberate and deterniine national direction and activilies.
SGJ-UK Fliiaiice Coiiiiiiiltee
Role..
To deal wilh detailed financial matters on behalf of Ihe trustees and director5.
Membei'ship..
The following trustees currently comprise tlie Finance Commitlee - S J Ball, K Fujii, R P HaiTap, R A Samuels, S
Wilson.
Responsibililies..
To revi¢w tlie finances of SGI-UK every two months.
To make recommendations about investment decisions. and
To appi-ove unbudgeted expeiidiluits up to £1,000.
Eiiilowiiieiil Fuiicl Fliiniice Coiiii?iillee
Role..
To manage the Endowment Fund on behalf of the trustees and direclors.
15

SOKA GAKKAI INTIRNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Meiiibei'ship.-
The following trustees cui'rently comprise Ihe Finance Committee - J Marchant, R P Harrap, R A Samuels, F
Harrow, S Thornton, K Fujii, C Loewe, Y Tanigawa
Responsibililies..
To review the Endowment Fund finances
To make recomiheiidations about investment decisions
Key Mailagement Personnel
The key inanagement personnel are the General Director, Justine Marchant and the four senior managers.. S.
Mcwilliam, J. Fagence, M. Mehta and T-A. Hirayama.
Pay of key management personnel is set by memb¢rs of the Remuneration committee of the Trustees in
consultation wilh the General Director. The General Director's pay is based on the pay of their pr¢decessor.
16

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Working with Volunteers
SGI-UK I'elies upon the continuing assistance of a wide range of volunleers, the vast majoi'ity of whom are
menibers. All local activities are organised and conducted by members who are volunteers. Planning and decision
making cominittees are all held on a volunteer basis. The thre¢ London centi'es are manned entirely by volunteers
and at Taplow Court teams of volunteers staff the reception 5 days a week. Steps ai'¢ being taken to increase this
level of actlvlty. Youth meinbers in dedicated groups support all activitie5 at a local and national level. Volunteers
give their lime and efforts with an open heartedness based on the Buddhist spirit of contribution. The trustees
would like to express their gratitude and deep respect for these members, lir¢less efforts.
Method of Recruitment, Appointment, Election, lilduction & Training of Trustees
Reci'iiitiiienl
At pi'esent, tlie ll'ustees are membe13 of SGI-UK who offer certain skills and atli'ibutes. As and when a need is
identified by the trustees for additional skills and atlributes to be included within the composition of th¢ board, the
Iruslees look to the membership of SGI-UK lo recruit suitable candidates.
Appoinlineni & Electio
The trustees are einpowered to appoint additional trustees under the teiins of the governing document as and when
the need arises. Trustees are appointed by way of a recommendation and a vote. A simple majority of the extsting
Irustees is required to elect a new trustee.
Indiicliopi & Training
New trust¢es undergo an orientation day to brief them on their legal obligations und¢r chai'ity and company law,
on ihe content of the current governing document, on the decision maktng processes utilised by the charity, and
on the recent financial performance of the charity. Trustees are encouraged to attend appropriate extemal training
events where these will assist tliem to uiideilake and fulfil their role.
Profession211ndemnity Insurallee
The Charity has taken out a ti'ustees, indemnity insurance policy that provides professional indemnity cover
ainounting to £1 millton in respect of any one claim for ihe trustees of the charity. The cost of this insui'ance policy
to the charitable coinpany for the year was £4,055.
Risk & Corporate Governance Matters
SGI-UK'S risk management strategy identifies and defines (through assessing uncertainty) whether SGI-UK will
achieve its objective5. deciding upon the action to be taken to control them and monitoring the pi'ogress of the
action taken. The risks that would qualify for the SGI-UK risk regisler and that the Trustees see as being critical
to the effective i'unning of the organisation include:
Those i-i5ks tliat could seriously impact on the achievement of SGI-UK'S key objectives and interesls.
including its reputation. and
Those risks where action at Nalioiial Committee an(Vor Trustee level in SGI-UK is needed.
A sub-group of SGI-UK Trustees has developed a structured appi'oach to managing risk and has developed a
' living, risk register. Looking at different Risk Categories - areas where risks are found - the Trustee sub-group
considered-
External- risks not wholly within our control, but where action can be tak¢n to mitigate the risk.
Organisational.. risks i'elating to our existing oi'ganisation and membersliip. and
Assets and Facilities: risks relating to our finances, estate and IT.
SGI-UK'S risk Inana
ement
rocess:
l. Identify risks
Identify risks.. what could stop the objectives from being achieved?
Define risk desci'ipiions: describe the risk, its cause and its possible effects.
17

SOKA GAKKAI INTEI RNATIONAL- UK
REPORT AND FINANCIAL STA TEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
2. Assess risks
Identify current controls: what's already in place to control the risk?
Assess current risk: score the risk according to its potential impact and likelihood of occurrence specifying
what will be done, by when and by whom.
3. Managing risk
Identify aiid select further controls.. what new measures are needed to control the risk?
Assign target risk.. what new score do we want these measures to achieve for the severity score of the risk,
and by when? We worked on the following basis.
Iinpact: Catastrophic, Severe, Moderate, Minor, Low Using the five point scale.
Pi'obability: Very unlikely, Unlikely, Possible. Likely> Very likely.
Identify and assign risk and control owners: who's IEsponsible for whal?
4. Monitoi. and report
At the monitoring and reporting Stage..
Coinplete the Risks Register - this was undeilaken by a sub-group of the Trustees with experience in risk
management.
Report and escalale as appropriate- to the Trustees.
Monitor and review- on a quarterly basis.
SGI-UK has a Risks Register which classifies all perceived risks under the following headings:
Reputation
5. Financial issues
2. Cominercial issues
6. Staffing issues
3. Orgaiiisatioiial issues
7. Members, experience
Infonnation and IT
8. Estates and facilities
SGI-UK'S principal risks and how they are mitigated:
Seciirity risk ofphysical assets
SGI-UK has a business continuity and disaster recovery plan in place in the event that our headquarters ai Taplow
Court becomes unavailable for the administration of the organisation. We continue to maintain and improve our
centres so that they are safe and comfortable places for our members to conduct Buddhist activities.
Cjibei. seciii'ity
SGI-UK'S IT commillee has put in place systems to ensure the IT infrastructure and data of SGI-UK are protected
frotn cyber-altack. Members of the cominittee have had training since spring 2017 in the general Data Protection
Regulations to ensure that SGI-UK complies with this change in the law, and protects our members, data.
Safeguarding
SGI-UK updates our safeguarding policies on an annual basis, and carries out training for volunteers involved in
activities with children. We have appointed supervisors of volunteers who have appropi-iate DBS checks and who
have training in ensuring the well-being of children involved in our activities.
18

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT (continued)
Fundraising Approach and Performance
Contributions to the SGI-UK Kosen-rufu Fund, which supports our activities are only made by members of SGI
and SGI Centre.
We have an SGI-UK Kosen-rufu Fund Contributions and Donations Policy, based on the Charity Commission
guidance CC20, which is posted on the members, website.
Contributioi)s are freely given. The decision to make a conti'ibution and how much to contribute is the choice of
each meinber. Encouragement around contribution must not put any member under pressure to make a
contribution.
The Trusle¢s considei. carefully the question of accepting contribulions from non-SGI sources and any
anonymous donations.
Donors of single donations of £5,000 or more will be contacfed to confirni that the donation complies with all
relevaiit regulations
SGI-UK will make sure that vulnerable people are protected. The Charity does not generally accept donations
from m¢mb¢rs of th¢ public, and as it says In the line above donors of £5,000+ are contacted to check the
circumstances of them making the donation.
Expansion of these and oihei. poinls are all contained in the policy document. No complaints were received
during tlie year in relation to the Charity's fundraising practices.
Our overall fundraising perfoiinance was total contributions to the Kosen-iufu Fund £1,545,115 (2023..
£1,595,291) witli an additional £295,502 (2023.. £299,975.) received in the fonn of Gift Aid and Bequests
£524,342 (2023: £778,235).
TRUSTEES, RESPONSIBILITIES STATEMENT
The trustees (who are also ihe directors of Soka Gakkai International - UK for the purposes of company law) are
responsible for preparing the trustees, annual report and ihe financial statement5 in accordance with applicable
law and regulation.
Company law requires the trustees to prepare financial statemenls for each f]nancial year. Under that law. the
trustees have prepared the fmai)cial statements in accordance with United Kingdom Generally Accepted
Accounting Practice (United Kingdom Accounting Standards and applicable law).
Under coinpany law, the trustees must not approve the financial sÉatemenls unless they are satl5fied that they give
a true and fair view of the state of affairs of the charitable company, and of the incoming resources aiid application
of resourc¢s, including income and expenditure, of the charitable company for that period.
In preparing those financial statements, the trustees are required to:
Select suitable accounting policies and ihen apply them consistently.
Observe the methods and principles in the Chariti¢s SORP.
Make judgements and accounting estimates Ihat are reasonable and prudent.
State whether applicable UK Accounting Standards have been followed subject to any Inalerial departures
disclosed and explained in the financial statements. and
Pi'epare the financial statements on the going concern basis unless it is inappropriale to presuine that the
charitable company will continue in business.
19

SOKA GAKKAI INTERNATIONAL- UK
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Trustees, & Directors, Responsibilities in the Preparation of Financial Statemenls
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the
charitable company's transactions and disclose with reasonable accuracy at any lime the financial position of the
charitable company and enable them to ensure that the financial stateinents comply with Companies Acts 2006.
They al'e also i'¢sponsible for safeguarding the assets of the charitable company and hence for taking i'easonable
steps for the pi'evention and detection of fraud and other irregularities.
Tlie ti'ustees are responsible for ihe maintenance and integrity of the coiyorale and financial information includ¢d
on the charitable company's website. Legislation in the United Kingdom governing the pi'eparatioi) and
dissemination of financial statements may differ from the legislation in other jurisdictions.
Statement as to Disclosure of Information to the Auditor
The trustees at the date of approval of thi5 trustees, annual report confim that so far as each of thein is awar¢,
there is no relevant audit tnfonnation of which the charilabl¢ company's auditor is unaware, and the trustees have
taken all steps that they ought to have laken to make themselves aware of any relevant audit infomation and to
establish that the auditor is aware of that inforniation.
SMALL COMPANY EXEMPTIONS
In preparing this report the directors have taken advantage of small company exemptions.
FUNDS HELD AS CUSTODIAN
Although SGI-UK maintains restricted fund5 to deal wiih incoming resources ihat are earniarked for a particular
puiyose by donors. sponsoi-s, and other funders, SGI-UK does not currently hold, and the trustees do not anticipate
that it will in the future hold, any funds as custodian for any third party.
This report was approved by the trustees on 25 September 2025, and was signed for and on behalf of the board by
IL/2rtIwi4
J Marchant- General Dlreetor
20

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SOKA GAKKAI INTERNATIONAL
-UK
Opinion
We have audited Ihe financial statements of Soka Gakkai International UK for the year ended 31 December
2024, which comprise the Statement of Financial Activities, Balance Sheet, Statemenl of Cash Flows, and notes
lo the financial slatem¢nls, including a summaiy of significant accounting policies. The financial reporting
framewoi'k that has been applied in their preparation is applicable law and United Kingdom Accounting Standards,
including Financial Reporting Standard 102 The Finap7cial Reporlingsiandai'd applicable in ihe UK aF7dRepiiblic
ofli'eland (United Kingdom Generally Accepted Accounting Practice).
In our opinion, the financial statem¢nts:
give a true and fair view of ihe state of the charitable company's affairs as at 31 Decemb¢r 2024, and of
the charitable company's net movement in fund5, including the income and expenditure, for the yea]. then
have been properly prepared in accordance with United Kingdom Generally Accepted Accoui)ting
Practice. and
have been prepared in accordance with the requir¢ments of the Companies Act 2006.
Basis for opinion
We conducted our audit in accordance with Inteii)ational Standards on Auditing (UK) (ISAS {UK)) and applicable
law. Our r¢sponsibilities under those standai'ds are further described in the Auditor's responsibilities for the audit
of the financial statements section of our report. We are independent of the charity in accordance with the ethical
requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Eihical
Standard, and we have fulfilled our other ethical responsibilities in accordance with ih¢se requirements. We b¢li¢ve
that the audit evidence we have obtained is sufficienl and appropriate to provide a basis for our opinion.
Conclusions relating to going concern
In auditing the financial slatements. we have concluded that Ihe truslees, use of the going concern basis of
accounting in the preparation of the financial statements is appropriate.
Based on the work we have perfornied, we have not identified any material uncertainties relating to events or
conditions thal, individually or collectively, may cast significant doubt on the charitable company's ability to
continue as a going concern for a period of at least twelve months from when the financial statements are authorised
for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the
relevant sections of this report.
Other information
The trustees al'e responsible for the other information. The other infonnation compris¢s the inforniatioii included
in tlie Trustees, Report. Our opinion on th¢ financial statements does not cover the other inforniation and, except
lo the extent otherwise explicitly stated in our r¢port, we do not express any form of assurance conclusion thei'eon.
In connection witl) our audit of the financial statements, our responsibility is to read the other infotynation and, in
doing so, consider whethei. the other inforn]ation 15 materially inconsistent with the financial statements, or our
knowledge obtained in the audit or othenvise appears to be materially misstated. If we identify such material
inconsistencies or apparent material misstateinents, we are required to determine whether there is a material
misstatement in the financial statements or a material misstatement of the other infonnation. If, based on the work
we have perfonned, we conclude that there is a material misslatement of this other inforn]ation. we are required
to I'epoit that fact. We have nothing to report kn this regard.
Opinions on otller matters prescribed by the Companies Act 2006
In our opinion, based on the woi'k undeitaken in the course of the audit..
the infonnation given in the Trustees, Report (which includes the directors, report prepared for the
purposes of company law) for the financial year for which the financial statements are prepared is
consistent witl) the financial stateinenls; and
Ihe dire¢tors' r¢port included within the Trustees, Report has been prepared in accordance with applicable
legal requirements.
21

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SOKA GAKKAI INTERNATIONAL
-UK
Matters on which we are required to report by exception
In the light of Ihe knowledge and understanding of the charitable company and its environment obtained in the
course of the audit, we have not identified material misstatements in the Trustees, R¢port (which iii¢orporate5 the
dii'ecloi's, report).
We have nothing to report in respect of the following matters in relation to which the Companies Act 2006 requires
us to repoi1 to you if. in our opinion:
adequate accounting records have not been kept by ihe charitable company; or
tl)e charitable coinpany financial statements are not in agreement with the accounling records and returns.
or
ceitain disclosures of ti'ustees, remuneration specified by law are not made. or
we have not received all the infonnation and explanations we require for our audit; or
the trustees were not entitled to prepare the financial statements in accoi'dance wtth the small companies.
regim¢ and take advantage of the small Companies, exemptions in preparing the trustees, report and from
the requirement to prepare a strategic report.
Responsibilitie5 of trustees for the financial statements
As explained more ￿lEY in the trustees, responsibilities statement set out on page 19, the truslees (who are also
the directors of the charitable compaiiy for the purposes of company law) ar¢ responsible for th¢ preparation of
the financial statements and for being satisfied Ihat they give a true and fair view, and for such internal control as
the ttustees determine is necessary to enable the prepai'ation of financial statements that are free from material
misstalement. whether due to fraud or error.
In prepai-ing the financial statements, the trustees are re5pon5ible for assessing the charitable company's ability to
continue as a going concern, disclosing, as applicable. matters related to going concern and using the going concern
basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or
have no r¢alistic alternative but to do so.
Auditor's respoiisibilities for the audit of the financial statements
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole ar¢ free froin
material misstatement, whether due to fraud or error, and to issue an auditor's r¢port that includes oui. opinion.
Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in a¢¢ordance
with ISAS (UK) will always detect a material Inisstatement wh¢n it exists. Misstatements can arise fi'om fraud or
error and are considered inaterial if, individually or in ihe aggregate, they could reasonably be expected to influence
the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures
in line with our responsibilities, outlined above, to detect material misstatements in respecl of iiregularities,
including fraud. The extent to which our procedure5 are capable of detecting irregularities, including fraud is
detailed below..
Based on our understanding of the charitable company and the environment in which it operates, we identified that
the principal risks of non-compliance with laws and regulations related to the regulatory requirements of the
Cliarity Commission, and we considered t]ie extent to which non-compliance might have a material effect on the
financial statements. We also considered tliose laws and regulations that have a direct impact on the preparation
of the financial statements such as the Companies Act 2006, the Charities Act 201 I, and UK tax law.
We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements
(including the risk of override of contiols), and determined that the principal risks were r¢lated to posting
inappropriate journal entries and management bias in certain accounting estimates and judg¢ments such a5 the
recognition of income froin legacie5 and grants. Audit procedures perfonned by the engagement team included..
Inspecting correspondence with regulators and tax authorities.
Discussion5 Wlth management including consideration of known or suspected instances of non-
compliance witli laws and regulations and fraud-
22

INDEPENDENT AUDITORS, REPORT TO THE MEMBERS OF SOKA GAKKAI INTERNATIONAL
-UK
Evaluating management's controls designed to prevent and detect irregularities.
Identifying and testing journals- and
Challengtng a55umptions and judgements made by management in their critical accounting estimates
Because of the inherent limilations of an audit, there is a risk that we will not detect all irregularities, including
those leadtng lo a material misstatement in the financial slatemenls or non-compliance wilh regulation. This risk
inci'eases the more that compliance with a law or regulation is removed from the events and transactions I'eflecled
in the financial stat¢menls, as we will be less likely to become aware of instances of non-compliance. The risk is
also greater regarding irr¢gularities occurring due to fraud rather than error, as fi?ud involves intentional
concealment, forgei'y. collusion, omission or misrepresentation.
A further description of our responsibilities for the audit of the financial stateinents is located on the Financial
Reporting Council's website at.. www.frc.or
.uklauditorsYes
onsibilities. This description forms part of our
auditor's report.
Use of our report
This ieport is made solely to the charilable company's members, as a body, in accordance with Chapter 3 of Part
16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable
coinpany's members those matters we are required to stat¢ to them in an Auditorfs report and for no othei. purpose.
To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable
company and the charitable company's Inembers, as a body, for our audit work, for this report, or for the opinions
we have formed.
Lee Stokes (Senior StAtutory Auditor)
for and on behalf of Haysmac LLP, Statutory Auditor
10 Queen Street Place
London EC4R IAG
Date: 2510912025
23

SOKA GAKKAI INTERNATIONAL- UK
STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING THE INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2024
Unrestricted Endowment
Funds
Funds
Total
2024
Total
2023
Notes
INCOME AND ENDOWMENTS FROM:
Donations, legacies and gi'ants
2,364,959
2,364,959
2,673,502
Chai'iloble aclivilies..
Advancement of religion
523,758
523,758
471,640
Investments
38,436
274,633
313,069
188.857
Other Income- Gain on sale of asset
3,437
Total income
2,927,153
274,633
3,201,786
3,337,436
EXPENDITURE ON:
Charitable activities
Advan¢em¢nt of religion
4,115,419
4,115,420
3,762,264
Total expeiiditure
4,115,419
4,115,420
3,762,264
NET (EXPENDITURE)IINCOME
BEFORE GAINSI{LOSSES)
(1,188,266)
274,632
(913,634)
{424,828)
Gains on revaluation of heritage assets
Net gains on investments
10
213,775
2,083,941
2,055,970
2,055,970
NET (EXPENDITURE)IINCOME
(1,188,266)
2,330,602
,142,336
1,872.888
Transfers between funds
520,000
(520,000)
NET MOVEMENT IN FUNDS
{668,266)
1,810.602
,142,336
1,872,888
RECONCILIATION OF FUNDS
Fund balances brought fonvard
At l January 2024
18,523,068
32,354,297
50,877.365
49,004,477
Fund balance carried forward
At 31 Decembei. 2024
17,854,802
34,164,899
52,019,701
50,877,365
The notes on pages 28 to 42 part of these financial statements.
24

SOKA GAKKAI INTERNATIONAL- UK
PRIOR YEAR STATEMENT OF FINANCIAL ACTIVITIES
INCORPORATING THE INCOME & EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
Unr¢stri¢ted Endoivment
Funds
Funds
Total
2023
Notes
INCOME AND ENDOWMENTS FROM:
Donations, legacies and grants
2,673,502
2,673,502
Charitable aclivilies..
Advanc¢ment of religion
471,640
471,640
Investments
26.666
162,191
188,857
Other Income- Gain on sale of asset
3,437
3,437
Total income
3,175.245
162,191
3,337,436
EXPENDITURE ON..
Charilable activities
Advancement of religion
3,762,193
71
3,762,264
Total expenditure
3,762,193
71
3,762,264
NET (EXPENDITURE)IINCOME
BEFORE GAINSI(LOSSES)
(586,948)
162,120
(424,828)
Gains on revaluation of heritage assets
Net gains/(losses) on investments
10
213,775
213,775
2,083,941
2,083.941
NET (EXPENDITURE)IINCOME
(373,173)
2,246,061
1,872,888
Transfers between funds
520,000
(520,000)
NET MOVEMENT IN FUNDS
146,827
1,726,061
1,872,888
RECONCILIATION OF FUNDS
Fund balances brought fonvard
Al l January 2023
18,376,241
30,628,236
49,004,477
Fund balance carried forward
At 31 December 2023
18
18,523,068
32.354,297
50,877,365
25

SOKA GAKKAI INTERNATIONAL- UK
BALANCE SHEET
AT 31 DECEMBER 2024
Company Number.. 05114516
2024
2023
Note
FIXED ASSETS
Tangible assets
Heritage assets
Investments
14,499,762
1,470,915
33,962,367
14,894,839
1,470,915
32,294,883
io
49,933,044
48,660,637
CURRENT ASSETS
Stocks
Debtors
Cash at bank and in hand
12
13
200,890
297,654
1,773,722
192,424
225,469
,960,396
2,272,266
2,378,289
LIABILITIES
Creditors.. Amount5 falliiig due within one year
14
(185,609)
(161,561)
NET CURRENT ASSETS
2,086,657
2,216,728
NET ASSETS
52,019,701
50,877,i65
THE FUNDS OF THE CHARITY
Endowment funds
Commenioi7tive Expendable Endowment
Fuiid
17
34,164,899
32,354,297
Uiirestricted income funds
General Fund
Designated Taplow Court Fund
Designated Local Centres Fund
Designated Fixed Assets Fund
17
17
17
17
1,184,125
200,000
500,000
15,970,677
1,457,314
200,000
500,000
16,365,754
TOTAL CHARITY FUNDS
52,019,701
50,877,365
The financial statements have been prepared in accordance with the provisions applicable to companies subject
to the small companies, regime.
The financial statements on pages 28 to 42 were approved by the trustees and authorised for issued and are
signed on their behalf by..
J Marchant- General Director
Date: 25 September 2025
26

SOKA GAKKAI INTERNATIONAL- UK
STATEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 DECEMBER 2024
2024
2023
Note
CASH FLOWS FROM OPERATING
ACTIVITIES
Net cash used in operating activities
20
(713,474)
23,955
CASH FLOWS FROM INVESTING
ACTIVITllI S
Dividends, interest and renls from investments
Purchase of tangible assets
Decrease in fixed tenn d¢posits
313,069
(174,755)
388,486
188,857
{124,861)
347,195
Net cash (used inyprovided by investing
activities
526,800
411,191
CHANGE IN CASH AND CASH
EQUIVALENTS IN THE REPORTING
PERIOD
(186,674)
435,146
Cash and cash equivalents at the beginning of
the repoiting period
1,960,396
1,525,250
Cash and cash equivalents at the end of
the i'eporting period
1,773,722
1.960.396
All cash and cash equivalents were held as cash at bank or in hand during both the cu￿ent and prioi. year.
The notes on pages 28 to 42 part of these financial statements.
27

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES
General information
Soka Gakkai International- UK is a privale charitable company limited by guarantee incorporated in England
(company number 05114516, charity number 1104491). The registered office and principal place of business
is at Taplow Court Berry Hill. Taplow, Near Maidenhead, Berkshire SL6 OER.
The charitable Company's principal activity 15 the "advancement of religion" as it relates to the Buddhism of
Nichiren Daishonin.
Basis of Accounting
These financial statements have been prepared in accordance with FRS 102 'The Financial Reporting
Siandard applicable in the UK and Republic of Ireland" the requirements of the Companies Act 2006 and
nder the histoi-ical cost convention, except as modified for the annual revaluation of fixed asset investments.
Within the definitions of FRS 102, the charitable company is a public benefit ¢ntity. The financial slat¢ments
hav¢ been prepared in accordance with the accounting policies set out in mor¢ detail below, to comply with
the Charities Act 2011, the Compani¢s Act 2006, the Memorandum and Articles of Association of the
charitable company, and Accounting and Reporting by Charities.. the Statement of Recommended Practice
for Chai'ities (SORP Second Edition, effective l Januaiy 2019). Figures are presented in slerling and rounded
to tlie neai'est pound.
Going eoiicern
The Trustees hav¢ looked at the potential impact of the ongoing conflicts in Ukrain¢ and the Middle East and
the pirssure on govemment to bring a large budget defftcit under control whilst continuing to maintain
essential services.
SGI-UK has free reseives of £1,184,125 as of 31 December 2024, plus the Designated Taplow Court Fund
(£200,000) and the Designated Local Centres Fund (£500,000). The Trustees are holding £1.556,649 iii a
busiiiess premiun) account which can be easily accessed if required wliilst still eaming interest at 1.60/0 pa.
The Trustees consider the current level of reserves to be s￿￿1clent to allow for the Continued operation of
SGI-UK. The twstees consider there lo be no material uncertainties and therefore the accounts have been
pi'epared on a going concem basis.
At the balance sheet date, the trustees were holding £15,970,677 of unrestricl¢d funds in a designated fund
known as th¢ Designated Fix¢d Assets Fund repi'esenting the resources i'equired to finance the net book value
of all functional fixed assets, and also £34,164,899 of restricted funds in an expendable endowment fund
known as the Commemorative Expendable Endowment Fund.
Due to global economic factors the value of investments fell sharply in 2022 however these had begun to
recover in 2023, and 2024. Markets have since been changeable and investments were valued at £32,410,490
on the 14th May 2025.
Income
General donations and other similar types of voluntary income are brought into account when I'eceivable and
donated income is included gross of any attributable tax recoverable, where relevant. Donations given for
specific purposes are treated as restricted income.
Legacy gifts are recognised on a case-by-¢as¢ basis following the granting of probate when the administrator
or executor of the eslate has communicated in writing both the amount and settlement date of the legacy
income. In the event that the gift is in the fonn of an asset olher than cash, or a financial asset traded on a
recognised stock exchange, recognition as income in the financial statements is subject to the value of the
gift being reliably Ineasurable with a degree of reasonable accuracy and th¢ title to the asset having been
transferred to the charitable company.
28

SOKA CAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
ACCOUNTING POLICIES (Continued)
Iiicome claimed under the Coronavirus Job Retention Scheme is recognised when the associated expenditure
on staff costs is incurred.
Investment income is accounted on a receivable basis once the dividei)d has been declared or the interest has
been earned. Credit is taken in the fll)ancial statements for the proportions of all other types of income which
are receivable in tl)e fmancial period.
Expenditure
Expenditure is allocated to Éhe chai'itable company's principal activity as directed costs where the costs can
be identified as being directly related to the activity. All costs that cannot be identified a5 relating directly to
the Chai'itable company's pi'incipal activity are categorised as either support costs or goveimai)ce costs. Any
costs that cannot be specifically categorised are allocated in proportions based upon a suitable ration
applicable to the nature of the cost involved.
Governance costs are the costs associated with running the charilable company as a charitable company, and
include a proportion of staff costs, costs of the trustees, meetings and audit fees.
Expenditure is recognised in the period in which the righls and obligations that relate to goods received by,
oi. Se￿1¢eS performed for, the charitable company are materially fulfilled, with the relevant liability to pay
Ihe suppliers concerned being recognised as a liability.
Tangible fixed assets
All taiigible assets pui'chased that have an expected us¢ful economic life that exceeds one year and have a
ost of £1,000 or more are capitalised and classified as fixed assets. Tangible fixed assets are slated at
historical c05t less depreciation. Depreciation is provided on all iangible fixed assets, other than freehold
land. A full year of depreciation is charged Èn the year of purchase. The rates calculated to write each asset
down to its ¢stimal¢d residual value over its expected useful life, as follows..
Freehold properties
Short leasehold properties
Plant and machinery
at 20/0 on a straight.line basis
over the remaining life of the lease
at 150/0 or 200/0 on a reducing balances basis
Heritage assets
Heritage assets, consist of garden statuary, ornaments, and art collecttons, which were either identifiable
items acquired with the purchase of Taplow Court or were purchased by or gifted to SGI-UK as an
enhancement to Taplow Court. The garden statuary and substantial proportion of the ornaments and art works
are on display at Taplow Court and may be viewed during open days, receptions and other ¢vents held in the
house.
The heritage assets are included in the balance sheet at fair value. The gains or losses arising upon their
annual revaluation are included in the statement of fmancial activities. They are not depreciated as they are
onsidered to have ind¢finit¢ lives.
CuiTently SGI-UK are not seeking to purchase or sell such assets. SGI-UK are cun'enlly reviewing their
policy I'egarding the recording, valuation, and preservation of their heritage assets to ensure the accuracy and
completeness of the Heritage asset registei-.
Investmeiits
The chai'ilable ¢oinpany's investments are included in the balance sheet at fair value (Iheir markel value).
The gains or losses arising upon theii. annual revaluation are included in the statement of financial activities.
Stocks
Stocks are valued at the lower of the cost {using first in first out basis) and net realisable value.
29

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
Leased assets and obligations
Where assets are finan¢¢d by leasing agreements that give rights approximating to ownership ("finance
leases"), the assets are treated as if they had been purchased outi'ight. Th¢ amount capitalised is the present
value of the minimum lease payments payable during tlie lease term. The corr¢sponding leasing commitments
are shown as obligations to Ihe lessor.
Lease payments are Ireated as consisting of capital and inlerest elements, and the interest is charged to the
slateinent of financial activities in proportion to the remaining balance outstanding.
All other leases are 'Operating leases" and the annual renlals are charged to the statement of financial
activities on a straight-line basi5 over the lease term.
Fii)ancial instruments
A financial instrument is a contract that give rise to a financial asset of one entity and a financial liability or
equity instrument of another entity. Financial instruments aye Iherefor¢ classified and accounted for according
to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments.
An equity instrument is any contract that evidences a residual invest in the assets of the entity after deducting
all of its liabilities.
Financial assets and liabilities
The charitable company's debtors and creditors that meet the definition of either a financial asset or a
financial liability are initially recogni5ed at the transaction value and thereafter are stated at amonised cost
using the effective interest method, less any impainnents.
Cash is I'epresented by cash in hand and deposits with financial institutions repayable without notice of not
more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months
from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk
of change in value.
Pension coj)tributions
The chai'itable company makes contributions into defined contribution pension schemes on behalf of ceitain
employees. The assets of the schemes are held separately from those of lh¢ chai'itable company in
independently administered fijnds. The amount charged to the statemeiit of financial activities in respect of
pension costs is the total contributions payable for the year.
Fund accounting
The general fund comprise5 the accumulated surpluses of unrestricted income over expenditure, which are
available for use in furtherance of the general objective of ihe charitable coinpany.
Designated funds are a particular forni of unrestricted funds consisting of amounts which have been allocated
or designated for spe¢ifi¢ purposes by the trustees. The use of designated funds i'emains at the discretion of
Ihe Irustees.
Restricted funds are funds subject to specific conditions imposed by donors. The purpose and use of the
restricted funds are set out in the notes to the financial statements. Amounts unspent at the year-end are
carried forward in the balance sheet.
Expendable endowment funds allow the capital of the fund to be spent if the trustees so deterniine, subject to
any specific requirements of the fund.
30

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
CRITICAL ACCOUNTING JUDGEMENTJ AND KEY SOURCES OF ESTIMATION
UNCERTAINTY
In the application of the charitable company's accounting policies. the Irustees are required to make
judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily
apparent from other sources. The estimates and underlying 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 if the revision affects only that period,
or in the pei'iod of the revision and further periods if the revision affects both current and future periods.
In the opinion of the trust¢es, there were no specific judgements and assumpiions that were critical to the
preparation of Ihese financial statements. The only estimate considered to be Critical is estimating the useful
economic life of tangible fixed assets.
DONATIONS AND LEGACIES
Total
2024
Total
2023
Genei'al donations and other similar
types of voluntary income
2,364,959
2,673,502
ADVANCEMENT OF RELIGION
Total
2024
Total
2023
Publications income
Shops income
Courses and evenls
Other income
149,274
246,567
98,696
29,221
146,150
249,903
50,421
25,166
523,758
471.640

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
INVESTMENTS
Unre5triet¢d Endowment
Fuiids
Funds
Total
2024
Total
2023
Bank interest receivable on short terni
cash deposits
Rent receivable under operating leases
24,036
14,400
274,633
298,669
14,400
174,257
14,600
38,436
274,633
313.069
188,857
Unrestricted Endowment
Funds
Funds
Total
2023
Bank interest i-eceivable on short tern]
cash deposits
Rent receivable under operaiing leases
12.066
14,600
162,191
174,257
14,600
26,666
162,191
188,857
32

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
COSTS OF THE ADVANCEMENT
OF RELIGION
Unrestricted Endowment
Funds
Funds
Total
2024
Total
2023
Costs of events & courses, regional.
divisional, national and group costs:
Direct costs
Staff costs
Pi'ovision of facilities
Publications costs
Shop costs
Other direct costs
Costs of the Centre for Applied
Buddhism (CfAB)
191,606
1,572,848
1,864,687
112,544
132,721
13,994
191,606
,572,848
.864,687
112,544
132,721
13,994
93,329
1,490,704
1,725,906
121,799
102,634
10,306
5,531
5,531
8,901
3,893,931
3.893,931
3,553,579
Support costs (see note 7)
221,488
221.489
208,685
4,115,419
4,115.420
3,762,264
Comparative figures:
COSTS OF THE ADVANCEMENT
OF RELIGION
Unrestrieted Endoivment
Fuiids
Funds
Total
2023
Costs of evei)ts & courses, regional,
divisional, national and group costs:
Direct costs
Staff costs
Provisioii of facilities
Publications costs
Shop costs
Other direct costs
Costs of the Ceiitre for Applied
Buddhtsm (CfAB)
93,329
1,490,704
1.725,906
121.799
102,634
10,306
93,329
1,490,704
1,725,906
121,799
102,634
10,306
8,901
8,901
3,553,579
3.553,579
Support costs (see note 7)
208.614
71
208,685
3,762,193
71
3,762,264
33

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
SUPPORT & GOVERNANCE
COSTS
Support
Cosls
Governanee
Costs
Total
2024
Total
2023
Staff costs
Auditor's remuneration..
Audit fees
Other fees
Legal and pi-ofe5sional fees
Bank inteitst, bank charges and other
finance costs
151,330
151.330
152,972
24,442
2,176
24,442
2,176
39,399
20,710
2,044
28,552
39,399
4,142
4,142
4,407
194,871
26,618
221.489
208,685
Included within auditoi's, remuneration are amounts payable lo Haysmac LLP in respect of audit services of
£22,250 (2023: £19,250).
Comparative figures:
SUPPORT & GOVERNANCE
COSTS
Support
Costs
Gov¢rnaiice
Costs
Total
2023
Staff costs
Auditor's remuneration:
Audit fees
Othei. fees
Legal and professional fees
Bank interest, bank Charges and other
finance costs
152,972
152,972
20,710
2,044
20,710
2,044
28,552
28,552
4,407
4,407
185,931
22,754
208,685
34

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THI YEAR ENDED 31 DECEMBER 2024
STAFF COSTS
2024
2023
The average monthly number of persons employed by
the charitable company (excluding non-executive
triistees) during ih¢ year was a5 follows:
Advancement of religion
39
40
2024
2023
Staff costs for the above persons..
Wages aiid salaries
Social security costs
Other pension costs
Staff training and health insurance
,441,774
145,055
93,932
43,417
1,382.211
134,599
87,045
39.821
,724,178
1,643,676
Total emoluments and pension contributions were payable to the following trustees solely iii relation to their
roles as senior members of staff under the authority set down in the company's Memorandum and Articles
of Association dated 28 April 2004..
2024
Pension
Contributions
Other
Benefits
Remuneralion
Total
R P Harrap - General Director
Sanda Mcwilliam
73,428
55,320
5,402
4,070
78,830
61,870
2,480
128,748
9,472
2,480
140,700
2023
Pension
Contributions
Other
Benefits
Remuneration
Total
R P Harrap - General Director
K Fujii - Vice General DRrector
71,321
42,983
5,209
76,530
46,189
3,206
114,304
5,209
3,206
122,719
No othei. trustee received remuneration from the charitable company during Ihe current or previous year.
35

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
STAFF COSTS (continued)
Other than as disclosed above during Ihe current and previous year, no einployee received total emoluments in excess
of £60,000.
However, including the amounls disclosed above, the aggregate remuneration and benefits for the key management
personnel for their services to the charity amounted to £482,150 (2023.. £386.991).
During the year no trnslees {2023.' Nil) were reimbursed for travel or other expenses incurred in their role as Irustee
on behalf of the charity.
The charity lias taken out a trustees, indemnity insurance policy that provides professional indemnity cover
ainounting to £ I million in respect of any one claim for the trustees of the charitable company. The cost of this
insurance policy to the charitable company for the year was £4,055 (2023: £3,798).
Contribution of volunteers
In addition to the trustees, the charitable company is also reliant upon the major contributions made by thousands of
volunteers who conti'ibute significant amounts of their time in the delivery of charitable activities.
The Trustees estimate that volunteers provide at least 85,000-man hours per y¢ar towards the work of the Charitable
ompany at its four centres and an incalculable iiumber of hours in support of its activities tliroughout the country,
foi. which the trustees express their sincere thanks.
TANGIBLE ASSETS
Short
Leasehold
properties
Freehold
properties
Plant and
maehinery
Total
Cost:
l January 2024
Additions
Disposals
22,859,340
61,807
91,440
2.072,195
112,948
(408.018)
25,022,975
174,755
(408,018)
31 December 2024
22,921,147
91.440
1,777,125
24,789,712
Depreciatioii:
l January 2024
Charge for year
Disposals
8,517,584
456,713
17,829
8,333
1,592,723
86,923
(390,155)
10,128,136
551,969
(390,155)
31 December 2024
8,974,297
26,162
1,289,491
10,289,950
Net booli value:
31 Decembei- 2024
13,946,850
65,278
487.634
14,499,762
31 December 2023
14,341,756
73.611
479.472
14,894,839
36

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
TANGIBLE ASSETS (Continued)
The cost of the charitable company's interest in freehold land has been assessed by the trustees to be so immaterial
that it has been treated as £Nil for the purposes of calculating depreciation.
Certain elements of the charitable company's propety assets are let. when surplus to requirements, to tenanls in
order to generate rental income under operating leases.
io.
HERITAGE ASSETS
Ornaments Hnd art collection
2024
2023
l January 2024
Revaluation
1,470,915
,257,140
213,775
Fair value at 31 December 2024
1,470,915
1,470,915
The ornaineiits and art collection w¢re valued by Covington Fine Ait Limited, independent ait advisors and valuers,
at 15 July 2024.
INVESTMENTS
2024
2023
Listed investment portfolio
Fixed term deposits
27,652,821
6,309,546
25,596,851
6,698,032
Total investments
33,962,367
32,294,883
Investinent listed on a recognised stock exchange, held
primarily to provide an investment return, at market
value..
At l Januaiy 2024
Gains on investments
25,596,851
2,055,970
23,512,910
2,083,941
27,652,821
6,309,546
25,596,851
6,698,032
Cash held by investment managers
Market value at the end of the year
33,962,367
32,294,883
Historical cost at the end of the year
21,867,422
21,867,422
At the balan¢¢ sheet date, the market value of the
charity's listed investment portfolio comprised..
UK Investinents
27,652,821
25,596,851
37

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
12.
STOCKS
2024
2023
Finished goods and goods for resale
200,890
192,424
13.
DEBTORS
2024
2023
Amounts falling due within one year..
Trade debtors
Other debtoi's
Pi'epayments and accrued income
2,501
256
294,897
1.260
41
224,168
297,654
225,469
14.
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR
2024
2023
Ti'ade creditors
Otlier taxation and social security costs
Accruals
127.125
18.747
39.737
86,052
24,598
50,911
185,609
161,561
15.
PENSION COMMITMENTS
The charitable company makes contributions into defjned contribution pension schemes on behalf of certain
employees. The assets of the schemes are held separately frotn those of the charitable company in independently
administei'ed funds. The amount charged to th¢ statement of financial activities in respect of pension costs (as shown
in note 9) is the tolal contributions payable for the year. There is no amount payable at the balance sheet date lo be
includ¢d in creditors.. amounts falling due within one year as this was paid before year end.
38

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
16.
FINANCIAL COMMITMENTS
At 31 December 2024, the charitable company was committed to make the following total future minimum payinents
under non-caiicellable operating leases:
2024
2023
In respect of land and building leases:
Within one yeai.
Betw¢¢n one and five years
After five years
89,709
467,330
358,147
89,709
467,330
447,856
915,186
1,004,895
The current land and building5 lease was renegotiated and finalised in December 2024.
39

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
THE FUNDS OF THE CHARITY
Gain$11055es
rixed assets &
Investments
Trinsfers
Between
Funds
l JanuAry
2024
31 December
2024
Income
Expenditure
Endoivment funds:
Commemorativ¢
Expendable
Endowment Fund
32,354,297
274,633
{1) 2,055,970
(520,000) 34,164.899
Unrestricted income
Funds:
General Fund
Designated Taplow
Court Fund
Designated local
Centres Fund
Designated Fixed
Assets Fund
,457,314
2,927,153
(4,030,064)
829,722
,184,125
200,000
(25,797)
25,797
200.000
500,000
(59,558)
59,558
500,000
16,365,754
(395,077) 15,970.677
Total unrestricted
fuilds
18,523,068
2,927,153
(4,115,419)
520,000 17,854,802
Total fund5
50,877,365
3.201,786
(4,115,420)
2,055,970
52,019.701
Th¢ ¢ommemoi-ative Expendable Endowment fund was set up in 2006 upon receipt of an initial donation from Soka
Gakkai international Centre in Japan to mark the 75 ' anniversary of the foundation of Soka Gakkai. The investment
income generated, as well as the pi'incipal amount of the endowment, is available to be spent at any time by the
trustees in promoting the charitable purposes of Soka Gakkai International - UK after consultation with the
represenlatives of the donor. Funds are transferred into the General Fund once agreement has been reached to do so.
At the balance sheet date, gains of £2,055,970 (31 December 2023.. gains £2,083,941) arising upon the revaluation
of investments wei'e included within the Commemorative Expendable Endowment fund balance.
Tlie Designated Taplow Court Fund was re-e5tablished in 2022 by way of a transfer of £200,000 funding from the
Genei'al Fund which will be used for major inaintenance projects at Taplow Court. As this fund will be utilised in the
event of unforeseen major maintenance, there is no set time frame for its use.
The Designated local centres fund was re-established in 2022 by way of a transfer of £500,000 in funding from the
Genei'al Fund which will be used to finance local centres in the future. As this fund will be utilised in the event that
charity decides to purchase a new centre, there is no set time fl'ame for its use.
The Designated Fixed Assets Fund has been set up to Clearly identify the fitnds of th¢ charity that are being held as
tangible and heritage assets used to promote the charitable purposes of Soka Gakkai International- UK. A¢¢oi'dingly,
transfers are made to or from the Designated Fix¢d Assets Fund at each balance sheet date to reflect additions and
disposals of tangible assets, depreciation charged thereon and any impairnient.
40

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMENTS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
17.
THE FUNDS OF THE CHARITY- eomparative figures
GAinsllosse$
fixed assets &
Investments
Transfers
Between
Funds
l JanllAry
2023
31 December
2023
Income
Expenditure
Endowment funds:
Commeinorative
Expendable
Endowment Fund
30,628,236
162,191
(71)
2,083,941 (520,000) 32,354.297
Unrestricted iiicome
Funds:
General Fud
Designated Taplow
Court Fund
Designated local
Centres Fund
Desigiiated Fixed
Assets Fund
1,087,145
3,175,245
(3.685,540)
880,464
1,457,314
200,000
(57,351)
57.351
200,000
500,000
(19,302)
19,302
500,000
16.589,096
213,775 (437,117)
16,365,754
Total unrestricted
funds
18,376,241
3,175,245
(3,762,193)
213,775
520,000
18,523,068
Total funds
49,004,477
3,337,436 (3,762,264)
2,297,716
50,877,365
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS
Tangible
Fixed
Assets
Current
Assets
Current
Liabilities
TOTAL
2024
Investments
Endowment funds:
Commemoralive Expendable
Endowment Fund
33,962,367
202,532
34,164,899
Unrestricted income funds:
General Fund
Designated Taplow Court Fund
Designated Local Cenlres Fund
Designated Fixed Assets Fund
1,369,734
200,000
500,000
(185,609) 1,184,125
200,000
500,000
15,970,677
15,970,677
NET ASSETS
15.970,677 33,962,367
2,272,266
(185,609) 52,019,701
41

SOKA GAKKAI INTERNATIONAL- UK
NOTES TO THE FINANCIAL STATEMEf4TS (Continued)
FOR THE YEAR ENDED 31 DECEMBER 2024
18. ANALYSIS OF NET ASSETS BETWEEN FUNDS- comparative figures
Tangible
Fixed
Assets
Current
Assets
Current
LIAbilities
TOTAL
2023
InveStme￿ts
Endowment fund5:
Commemorative Expendable
Endowment Fund
32,294,883
59,414
32,354,297
Unrestricted income funds:
Get)ei'al Fund
Designaled Taplow Court Fund
Designated Local Centres Fund
Designated Fixed Assets Fund
1,618,875
200,000
500,000
(161,561)
,457,314
200,000
500,000
16,365,754
16,365,754
NET ASSETS
16.365.754 32,294,883
2,378,289
(161,561) 50,877,365
19.
RELA TED PARTY TRANSACTIONS
SGI-UK is a Inember of Ihe Network of Buddhist Organisations in the Ui)ited Kingdom and a corporate membei.
of UNICEF and the Commonwealth Human Ecology Council. As a meinber of the Soka Gakkai International
("SGI") cominunity worldwide SGI-UK is implicitly related to all similar SGI entities and pai'ticular works closely
with the founder SGL entity based in Tokyo, Japan.
Dui'ing the yeai. trnstees donated a total of £24.550 (2023- £17,605) to the charity.
20. RECONCILIATION OF NET INCOMEI(EXPENDITURE) TO NET CASH FLOWS FROM
OPERA TING ACTIVITIES
2024
2023
NET MOVEMENT IN FUNDS FOR THE
REPORTING PERIOD
1,142,336
1,872,888
Adjustmeiits for:
Dividends, interest and rents from investments
Gains on listed investments
Gains on revaluation of heritage assets
Depreciation charges
Loss on disposal of fixed assets
(Increase)Ide¢i'ease in stocks
(Increase)/decrease in debtors
Increase/(decrease) in creditors
(313,069)
(2,055,970)
(188,857)
(2,083,941)
(213,775)
550,748
11,230
35,057
51,203
(10,598)
551.969
17,863
(8,466)
(72,185)
24,048
NET CASH (USED IN}IGENERATED FROM
OPERATING ACTIVITES
(713,474)
23.955
42