REGISTERED COMPANY NUMBER: 05446834 (EJiglan(l and Wales) REGISTERED CHARITY NUMBER: 1111459 THE KOSMON SANCTUARY Unauilited Fiiiancial Slatemeiits for the Year Ended 31 March 2024 Xeinadin Nighliiigale House 46-48 Easl Streel Epson) Surrey KT17 IHQ
THE KOSMON SANCTUARY Contents of (lie Financlal Statements lor tlie year ended 31 Marcli 2024 Page Report of the Trustees Independeiil Examiiier's Report Stalenient of Finailclal Activille5 Balance Sheet Notes to the Financlal Stat¢n)eiits 6 10 10 DelAiled StAlem¢nt of Flnan¢i#l Acllvlties
THE KOSMON SANcfuARY (RECISTERED NUMBER: 05446834) Reporf ofthe Trvstees ror Ilbe year ended 31 March 2024 Tlie Iruslees ivho are also direclors of the charity for ihe purposes of ihe Coinpai)ies Act 2006, present their report ivith the financial stalemeiits of the charily for Ihe year ended 31 March 2024. Th¢ trustees have adopted the pi'ovi5ioiis of Accounling and Reporting by Charitie5- Statement of Recomniended Practice applicable to charities preparii)g their accounts in accordance ivith the Financial Reporting Siandard applicable in the UK and Republic of Ireland (FRS 102) (effective l Jaiiuary 2019). OBJECTIVES AND ACTIVITIES Objectives aiid Hinis The CUiTent object of the cliarity is: tl)e advancement of religion according to the teachings conlaiiied in the KosInon Bibl¢ OAHSI)E. SignificAlIt Aellvlties In fvlfilt))ent of the charitls objecliv¢s, the directors/irustees provide the facilities for the K051noiI Church to l?old services aiid bible study groups. A fortnightly healing session ai)d a monllily Kosnion group are h¢ld, boili always COT)iaiii leachiiigs of Kosinon Iradilion. In our grounds ive have a labyrinih for In1ndl refleclton, We also support Ilic use of Ilie gardei)s and ancieiit ivoodland by the local Iiursery schools and 'uniformed organisalions in accordance for Ilie concen) for Ilie welfare of children expressed in OAHSPE. Public beiiefit The Ti'uste¢s Coiifirms Iliat they have coiiiplied ivith their duly in 5eclioii 4 of Ihe Charities Act 2006 to have due regard to the piiblic benefit guidai)ce published by the Charity Commission in detern]ining ilie activities undertakei) by th¢ charity. ACHIEVEMENT AND PERFORMANCE Durii)g tliis fiiiancial year we liave ¢oJitinued with our prograrnine of refurbishineiit and ivoodland r¢generalion. We have Carried on witli our charitable donations and remain in a healthy financial position. FINANCIAL REVIEW Inconie is g¢iierated by the letlii)g of four properties and a small ainoui)i from Ihe use of the facilities. Rolling iinproveinenls ensure thal the properties are n)aintained lo a high standard. FUTURE PLANS The trustees ivill continue to inaintain aiid improve lh¢ Esiate and fvlfill the objects of the chortty, STRUCTURE, GOVERNANCE AND MANAGEMENT Governliig docunieiil Tlie cliarily is controlled by its gov¢rning document, a deed of trust, and constitutes a liinited colpany* liinited by guarantee, as defined by the CoInpanies Act 2006. REFERENCE AND ADMINISTRATIVE DETAILS Registered Coiiip8iiy iiuinber 05446834 (England and Wales) Registered ClIRI'lty nunibtr 1111459 Regi5t¢i'ed office Spinney Coitage Walton Manor Walioii Street Walton On The Hill SuiT¢y KT20 7SA Page I
THE KOSMON SANCTUARY OIEGISTERED NUMBER.. 05446834) Report of the Trustees for the year ended 31 March 2024 Trustees J M Collis A Deaviii M A Green S A Scott P G Stepliens SBCOX CompAny Secretary SAScott Indepeiident Examliier Hazel Day Bsc FCA DChA Xeiiiadin Niglilii)gale House 46.48 Easl Street Epsoin Siirrey KT17 IHQ Approved by order of the board of trustees on ..174..¢rt.. aga¥4 and signed on ils behalf by: Collis Trustee Page 2
Independent Examiiier's Report to the Trustees of The Kosmon Saneluary (Registered number: 05446834) Iiidependent examiner's report to the Irustees of The Kosmon Saneluary ('the Company,) I report to the charily trustees on my examinalion ofthe accounls ofthe Company for the y¢ar ended 31 March 2024. Responslbililies and bRsi5 of report As Ilie charity's trustees of the Company (and also its directors for th¢ purposes of coinpany law) you are responsible for the preparation of the accounts in accordance iviih the requirements of the Coinpanies Act 2006 ('the 2006 Act,). Having satisfied myself ihat Ihe accounls of the Conipany are iiot required lo be audit¢d under Part 16 of Ihe 2006 Act and are eligible for independent exainii)ation, I report in respect of my exaniinalioj) of your charitls accounts as carried out under Seclion 145 of ihe Charities Act 2011 ('Ihe 201 l Act,). In carrying out my exainii)ation I l)ave folloiyed the Directions given by the Charity Coinmission under Seclion 145(5) (b) of the 2011 Acl. liidepeiident exAmiiier's statement I have conipleled Iny examii)alion. I confinn that no mallers have come to my atl¢ntion in connection ivith the exainiiiation giving ine cause lo believ¢: accounting records ivere not kept in respect of the Company as required by Section 386 of the 2006 Acl. or tlie accoui)Is do nol accord iviih those records; or the accounts do not coinply ivith the accounting requirements of Section 396 of ihe 2006 Act other than any requireinent that the accounts give a true and fair view ivhich is not a maller considered as part of an iiidependent ¢xaminalion' or the accoiinls have nol been prepared in accordance with th¢ Ineihods and principles of the Stateinent of Recomineiid¢d Practice for accounting and reporting by charities (applicable to charilies preparing ilieir accoiiiils in accordance iviih the Financial Reporting Standard applicable in the UK and Republic of Irelaiid (FRS 102)). I have iio concerns and have come across no other Inatters in connection ivith the examinalioi) to ivhicli allenlion should be drawn iii Iliis report In order to enable a proper understanding of the accounts to be reached, Hazel Day Bsc FCA DChA Xeinadin Nightingale House 46-48 East Slre¢l Epsoin Surr¢y KT17 IHQ Page 3
THE KOSMO]Y SANCTUARY Stalenienl of Finaiieial Activities for (he year ended 31 Mareh 2024 2024 Total funds 2023 Total nds UnTeslricled fund Endoivment fuiid Notes INCOME AND ENDOWMENTS FROM Chai'llable Rctii'ities Pi'operty running costs 1,500 1,500 Oilier trading activities IIive5tiiient incoine 535 72.562 535 72,562 1,270 72,284 Totil 74,597 74,597 73,554 EXPENDITURE ON Raising fui)ds 10,892 10,892 5,922 ChAritable activlties Prop¢rly ruiiiiing costs 95,458 95,458 86.379 Total 100,350 106,350 92,301 NET INCOMEI(EXPENDITURE) {31,753) (31,753) (18,747) REC.ONCILIATION OF FUNDS Total fuiids brougl)t forivard 112,213 1,726,432 1,838,645 1,857,392 TOTAL FUNDS CARRIED FORWARD 80,460 1,726,432 1,806,892 1,838,645 The notes fonii part of these fjnaiicial sthteinents Pag¢ 4
THE KOSMON SANCTUAR Y (REGISTERED NUMBER." 05446834) Balan¢¢ Sheet 31 March 2024 2024 Total fuiids 2023 Total funds Unrestricted fund Endoivjnent fund Notes FIXED ASSETS Tangible assets li)veslinent property ,345 54,571 8,345 1,781,003 1,124 1,781,003 1.726,432 62,916 1.726,432 1,789,348 1,792,127 CURRENT ASSETS Cash al baiik 22,664 22.664 52,138 CREDITORS Aiiiouiits falliiig due iviihin one year 10 (5.120) (5,120) (5,620) NET CURRENT ASSETS 17,544 17,544 46,518 TOTAL ASSETS LESS CURRENT LIABILITIES 80,460 1,726,432 1.806,892 1,838,645 NET ASSETS 80,460 1,726.432 1,806,892 ,838,645 FUNDS Ui)reslricled fiiiids EndoiYiiiei)I fiiiids 80,460 1,726,432 112,213 1,726,432 TOTAL FUNDS 1,806.892 ,838,645 The charitable coinpany is enlitled to exemption from audil under Section 477 of the Companies A¢t 2006 for Ilie year ended 31 March 2024. The ineinbers liav¢ nol required the company lo oblain an audit of ils financial staiejnents for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006. The trustees acknoivledge their I'esponsibiltties for (a) eiisuriiig Ihal the cl)aritable company ke¢ps accounling records that coinply with Sections 386 aijd 387 of the Conipanies Act 2006 and preparing financial stateinenfs iyhich give a true and fair view of ihe slate of affairs of the charitable coinpany as at the end of each finaiicfftal year and of ils siirplus or deficit for each finaiicial year iii accordance wftth the requireinenls of Seclions 394 ai)d 395 and ivhich olheThvise coinply ivilh the requireinenls of Ilie Companie5 Act 2006 relaling to financial slateinents. so far as applicable to tlie cliarilable coinpany. (b) Tliese fiiiancial slaleiiieiils have beeii prepared in accordance with ihe provisions applicable lo charitable cojiipanies subject to Ilie sniall coinpaiiies regiiiie. The financial stateinenls ivere approved by the Board of Twstees and auihorised for issue and ivere signed on ils behalf by: on Collis Trustee The note5 form part of Ihe5e financial slalemenls Page 5
THE KOSMON SANCTUARY Notes to tlie F5naiicial Slatemenls for the year elided 31 March 2024 ACCOUNTING POLICIES BASIS OF PREPARING THE FINANCIAL sfATEMENTS Tl)e finaiicial statements of the Charitable company, Ivhicli is a public benefjt entity under FRS 102, have been pi'epared in accoYdanc¢ ivilh the Charilie5 SORP (FRS 102) 'Accounting and Reporting by Charities: Slatejnent of Recommended Practice applicable to charities pr¢pariiig iheir accounts in accordance ivith ilie Financial Reportii)g Staiidard applicable in th¢ UK and Republic of Irelaiid (FRS 102) (effective l January 2019),, rinancial Reporting Siai)dard 102 'The Fiiiancial Reportiiig Standard applicable in tlie UK and Republic of Ireland, and the Coii)panies Act 2006. The fiiiancial statenleiits have been prepared under Ihe historical cost conveiitioii, a5 modified by ihe revalualion of c¢rtain assels. INCOME All incoine is recognised ill the Slalejnent of Finan¢ial Activities once the charity has enlitleinent to Ilie funds, it is probable that the incoine will be received and the amount can be Ineasured reliably. EXPENDITURE Liabilities are recognised as exp¢nditur¢ as soon as there is a legal or constructive obligation coininilling the charity to that exp¢ndilure, il is probable thal a transfer of ecoiioiiiic beiiefits will be I'equired in s¢llleineiit aiid the amount of the obligalioii can be nieasured relFably. Expenditure is accounted for on an acci'uals basis and lias been classified uiider headings Ihal aggregate all cost relaled to the calegory. Where c0515 cannot be diiectly attributed to parliciilar headings Ihey liave beei) allocaled to activities oil a basis coiisistenl ivith the use of resources. TANC.1111,E FIXED ASSETS Freehold laiid and buildings held for use by Ihe charity are held al c05t. Depreciation on freehold land ai)d biiildings is ¢liarged to ivrile off such biiildings over 11)eir anticipated economic lif¢ unless the ChArily con5idei's the ciirreiit depreciated value iii use to be in excess of the depreciated value as slated in the accounts. Other fixtures, fittiii85 ai)d otTi¢e equipment Equipmeiil us¢d iyiili the ¢liarity preinises is deprecialed on a straight line basis over ten yeArs. liidividual ileins of equipment iviih a purchase price of £ 1,000 or less ar¢ wrillen off ivhen the as5el is acquired. INVESTMENT PROPERTY Inve5tinent property is shoivn at il)e most recent valuaiion. Any aggregat¢ surplus or deficit arising froin ¢hanges in market valiie is recognised in reserves. TAXATION The charity is exenipi froin CO0[all0n tax on its cliaritable activilies. FUND ACCOUNTING Uiii'esli'icled funds can be used in accordance ivilh the charitable objectives Ilt the discretioii of the trustees. Restricted funds cali only be used for particular restricted purposes wiihin th¢ objects of tlie charity. Restrictions arise when specified by th¢ doiior or ivhen funds are raised for particular restricted puOSes. Ei)doivment funds are either peiinanent or expendable. Pennaneilt endoivment flind5 cannot be tiirned into income and speiil. Only the incoine fron) the inveslinent can be 5pei)t and Ille income can only be used foi. tlie purpose for ivhich the fund was established. Fiirther explanation of ihe natllre and pilOse of each fund is included in the noles to the financial stalemei)Is. Page 6 coiitinued...
THE KOSMON SANCTUARY Notes to the Fiiianeifil Statements- eontiiiued for the year ended 31 March 2024 OTHER TRADING ACTIVITIES 2024 2023 Other inconie 535 1.270 INVESTMENT INCOME 2024 2023 Rents received Deposit account interest 71,856 706 71,956 328 72,562 72,284 RAISING FUNDS INVESTMENT MANAGEMENT COSTS 2024 2023 General maiiitenanc¢ 3,492 3,834 NET INCOMEI(EXPENDITURE) Net i1)coie}{exPenditUre) is stated after chargin{Crediting)". 2024 2023 Depreciation - owiied assets 2,779 2,779 TRUSTEES, REMUNERATION AND BENEFITS Duriiig the year Mr S Cox ivas paid £163 (2023: £1,663) for gardening and inainteiiance s¢rvi¢es, The rales paid foy these services are ii)line ivith those of Ihe other service providers. TRUSTEES, EXPENSES During the year costs totalling £970 iyere reiinbursed to 2 Trust¢¢s (2023: £2,845 was r¢iiiibursed to 4 trustees). COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVJTIES Unreslricled fund EndOlnent fund Tol81 fiinds INCOME AND ENDOWMENTS FROM Oilier tr&ding activities liiveslinenl incon)e 1,270 72,284 1,270 72,284 Total 73,554 73,554 EXPLI NDITURE ON Raisiiig funds 5.922 5,922 CIIAI'ilable activitles Property runiiiiig costs 86.379 86,379 Page 7 coiiliiiiied.
THE KOSMON SANCTUARY Notes to the FiiiAiicial SIAtemeiits - Continued for the year ended 31 Mareli 2024 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES- eontiiiued Unrestricted Endoii'inent fund lid Total fuiids Total 92.301 92,301 NET INCOMEI(EXPENDITURE) (18,747) (18,747) RECONCILIATION OF FUNDS Total fui)d5 brought forward 130,960 1,726,432 1,857,392 TOTAL FUNDS CARRIED FORWARD 112,213 1,726,432 1,838.645 TANGIBLE FIXED ASSETS Fi.xtures aiid rittings Freehold property Totals COST Al l April 2023 and 31 March 2024 55,591 8,130 63,721 DEPRECIATION At l April 2023 Cli<irge for year 44,467 2,779 8,130 52,597 2,779 At 31 Marcl) 2024 47,246 8,130 55,376 NET BOOK VALUE At 31 Marcli 2024 8,345 8,345 At 31 Marcli 2023 11,124 11,124 INVESTMENT PROPERTY FAIR VALUE At l April 2023 and 31 March 2024 1.781,003 NET BOOK VALUE At 31 March 2024 1,781,003 Ai 31 March 2023 1,781,003 Tlie properties ivere revalued based upoii open market valtie on Isl Septeinber 2014 by Mark Everett Bsc FRICS of Michael Everett & Company Li171iled. The ainounls sliowj) in tl)e accoiiiits for Ilie year ended 31 st MaTclI 2023 air based upon these values and the completion of the refurbishment ivorks. Page 8 ontii)ued...
THE KOSMON SANCTUARY Notes to tlie FillaneiaA Stateiiients - continued for tlie year ended 31 March 2024 io. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2024 2023 Trade creditors other creditors 1.500 3,620 5,620 5.120 5,620 ii. MOVEMENT IN FUNDS Net movenicnt ii) funds At 31.3.24 At 1.4.23 Uiirestj'leted fuiids General fuiid 12,213 (31,753> 80,460 Endowmei)t fuiids Endoiynieiit 1.726,432 1,726,432 TOTAL FUNDS 1,838,645 (31,753) 1,806,892 Net Inovement ii) funds, iiiclud¢d in the above are as folloivs.. Incoming resources Resources expended Mov¢ment iii funds Unrestrlcted funds General ftiiid 74,597 (106,350) (31,753) TOTAL FUNDS 74,597 (106,350) (31,753) CompAratives for inovement lil funds Net Inovem¢nl iii ndS At 31.3.23 At 1.4.22 Uiire$tYleted funds General flind 130,960 (18,747) 112,213 Eiidowmeni fuiids Eiidoivmeiit 1.726,432 1.726,432 TOTAL FUNDS 1,857,392 (18,747) 1,838,645 Page 9 continued...
THE KOSMON SANCTUARY Notes lo the Financial Slatements- contiiiued for the year ended 31 Marcli 2024 MOVEMENT IN FUNDS - coiitinued Coinparative net movement in funds, included in the above are as follows- Incoming resoiirces Resources expended Movenlent in funds Unrestricted fuiiils Geiieral fund 73,554 (92,301) (18,747) TOTAL FUNDS 73,554 (92,301) (18,747) 12. RELATED PARTY DISCLOSURES Tliei'e ivere no related party transactions for ilie year ended 31 March 2024. Page 10