Charlty reglstrallon number 1111459 (England and Wales) Company reglstratlon number 05446834 THE KOSMON SANCTUARY ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 • xeinadin
THE KOSMON SANCTUARY LEGALAND ADMINISTRATIVE INFORMATION Trustèes Mrs MA Green MrADeavin Mrs J M Collis Mr P G Stephens Mrs SAScott MrSBCox sacrelary Mrs SA Scott Charlty number (England and Wales) 1111459 Company number 05446834 Indopandant examlner Hazel Oay Xelnadin London Llmlted 46148 East streel Epsom Surrey Unlled Klngdom KT17 1HQ
THE KOSMON SANCTUARY CONTENTS Page Trustees, report Independent ex8rn5nerf8 r8POrt Statem8nt of financl81 actlvitS8s Balance Sheel Notes to the Ilnanclal stalemenls 6-13
THE KOSMON SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS, REPORT) FOR THE YEAR ENDED 31 MARCH 2025 The Irusle6s present Ihelr annual report and financlal stalernents for th8 year ended 31 March 2025. The financl81 statements have been prepared In aexordan wilh the accouritlng polld8B set out In note 1 to the Ilnanclal slalem6nts and comply wllh th6 chanlys goveming document, th8 Companiès Act 2006. FRS 102 'The Financ181 R8POrtlng S18nd8rd applicable in the UK and Republic of Ireland. and the Charitlès SORP "Accounllng and Reportlng by Charilles; Stslemenl of Recommended Practic8 appllcab181o ¢hariti8s preparlng Ih81r acu)unts In accordance wlth th8 Flnancl81 ReporUThJ Sland8rd appllcable In Ihè UK and Republlc of Iré18nd (FRS 102)". Objectlvés and actlvltles The current object of the charfty Is: lh8 adv8ncemenl of religion acLordlng to the teachlngs contslned In the Kosmon Blble OAHSPE. Publlc benefit The trustees hov8 pald due regard lo guldanc8 Issued by the Charity Commlsslon In declding what activltles lh8 charfty should undertake, In lulfllment of the charftys obleclbves. the dlrectorsllrusleas provld& the fadlrtFe8 for the Kosrnon Church to hold servlces and blblè study groups. A fortnlghtly healing sesslt)n and a monthly Kosmon group arè hèld, both alw8yS conlaln teachlngs of Kosmon Ir8dilion. In our grounds we have a18byrlnth for mlndful reflection. We also support Ihe use of the gard8n8 and anclenl woodland by the loeAI nursery schools and 'unlformed organisallons. In accordance for the conceTn for the welfare of ¢hlldren expressed In OAHSPE. A¢hlovemènt8 and perfornlance Slgnlfic8nt 8cllvllles 8nd achlev6menl8 898lnsl obfvctfves Durlng Ihls financlal year we have ntInUed wlh our programme of refurblshmenl and WlK)dland reg8n8ratlon. Wo have carrlèd on wlth our charitable donauons and remaln In a heallhy financlal posllion. Flnanclal ravlèw Incoma 18 generated by lh8 lettlng of four propertles end a Small 8mounl from Iho use of Ihe facllilles, Rolllng Smprovements ensure Ihat the propertlgs are malnlalned 10 8 high standard. Reserves pollcy It Is the poll¢y of th8 charily that unre51ricled fund8 whlch have not bo8n deslgnaled for a speclflc use should be malntalned al a level equlvalenl lo bgtsveen threo and slx month's expenditure. The trustees conslder that reserves at Ihl8 level wlll ensure that, In the evenl of a slgnSflcant drop in funding. Ihey vlll be able lo conllnue the charlty's current activlllgs while conslderatlon 1$ given lo ways in which addilion81 funds may be ralsed. Thls level of reserves has been malnlalned Ihroughoul the year. Plans for future perlod8 The trustees vhll continue lo malntaln and Improve Ihe Estate and fulllll the oblects of the chartty. Structura, govèman¢a and managemènt The charity is controlled by Its governing documenl. a deed of trust, and conslllutes a Ilmlted company. Ilmlled by guaranlee, as dèfined by the Compani8s Acl 2006. The trustees. who are also the directors for Ihe purpose of company law. and who served durfng the year and up to Ihe date of slgnalure of the financial slatemenls were: Mrs MA Green MrA Déavln Mrs J M Collis Mr P G Stephens Mrs S A Scolt MrSBCox
THE KOSMON SANCTUARY TRUSTEES. REPORT (INCLUDING DIRECTORS. REPORT) (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Recruilment and appolnlment of tnist88S Tnjstees are recruiled, nomlnated end elected by other Trustebs folloving dear elecllon Tule5 set out In the Artidès of Association of the charity, In recrultlng a Trustee, emphasls Is placed on vthelher Ihay have the necessary skllls and commllment to b8 a Tnjstee 8nd also to ensur& Ihat. for the Trusle8s colle¢lively: The level of flnanclal professlon811sm Is hlgh Thal Ihere Is a balance of professional skills - Thal some m9mbers ar6 experienced Trust8es elsewhere. and - Thal there is as much conllnuity in tha Trustees as praclicable. Thè Irusle88' re pproved by Ihe Board of Trustees. Mrs M Coll18 Oate: ...........
THE KOSMON SANCTUARY INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE KOSMON SANCTUARY I report to the Irustees on my exarnlnation of the flnandal staiements of The Kosmon Sanctuary {Ihe charity) for the year ended 31 March 2025. R08pon8lblllt188 and basls of report As the truslees of the charity (and also its directors for the purposes of company law). you are responslble for th8 preparallon of the financlal statements In accordance wilh the requlremenls of tha Companles Act 2006. Havlno sallsfied myself Ihal the ffin8ncl81 slalemonls of the tharfty are not requlred to be audlled under Part 16 of the Companles Act 2006 and are ellgibl8 for indopendent examlnatlon. I r6port In respecl of my oxamin811on of the charitls financlal stalemenls carded oul undgr section 145 of th8 Charitles Acl 2011. In rryIng out my examinalion I hav8 followed the Dlreclk)ns glven by Ihe Charity Commlsslon und8r soctlon 14515){b) of th8 Charltles Act 2011. Ind8p•nd•nt examlnorfs Statoment I have completed my examlnalion. I confimi that no mattèrs have come to my atlentlon In connection with the 8xamlnallon glvlng me cause lo belleve that in any malerial resp8ct'. accounting fecords were not kept in resp8cI of the ch8rity as raqulred by sectlon 386 of th8 Companles Aci 2006. the fin8ndal 81al&ments do nol 8c¢ord with those records; or tha flnanclal slatem&nls do not mplY with th8 accounllng raqulreménts of s8Ctlon 396 of the Companle8 Act 2006 olh8r Ihan any requlrement Ihat the financial statements glve a true and falr vlew, whlch is not a matter consld&r8d as part of an Independent examlnatlon; or the flnanclal slalemenls have not been prep8réd In aCrd8nc8 wlth the methods and prlnclples of the Slalem8nl of R8comm8nded Praclice for accounllng 8nd reportlng by chaflll8s applicabl& lo charblle8 praparlng Ihelr flnandal stslemenls In accordance wlth the Flnan¢lal Reportlng Slandard appllcabl8 In the UK and Republlc of Ire18nd (FRS 102). I havè no concerns and have come acros$ no olher malters In conne¢tlon wllh the 8xamln81ion to whlch attentlon Should be drawn In thls report In order lo enable a proper understanding of financi81 statements lo be reached. Hazel Day Bsc (Hons) FCA DChA Xeinadin London Llmlled 46148 Ea51 Street Epsom Surrey KT17 1HQ Unlted Kingdom Dale: .....flIRl..ls...
THE KOSMON SANCTUARY STATEMENT OF FINANCIALACTIVITIES INCLUDING INCOME AND EXPENDITUREACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 Unrastrlcted Endowmént fund8 funds 2025 202S Total Unrn8trlct8d Endowment funds fund8 2024 2024 Total 2025 2024 Notes Incomè from: Charllablo acllvlt18S Othar Iradlng acllvllles Inve8lmenls 1.500 535 72.562 1,500 535 72,562 7.101 84.137 7,101 84,137 Total In¢omo 91.238 91,238 74,597 74,597 Expondltur6 on: Raislng fund8 Charllablo acllvltles 13,563 89,382 13,563 89.382 10,892 95,458 10,892 95.458 Total expendlluro 102.945 102,945 106,350 106.350 Not frXP8ndlture and movement In funds (11,707) (11,707) (31,753) (31.753) Reconclllatlon of funds: Fund balances at 1 April 2024 80,460 1.726.432 1.808,892 112,213 1,728,432 1,838,845 Fund balances at 31 March 2025 68,753 1.726.432 1,795,185 80.460 1.728.432 1,806,892 The 81alemenl of financlal activili88 Indudes all galns and losses recognised Sn the year. All Inme and expendllure derlve Irom conllnulng activilies.
THE KOSMON SANCTUARY BALANCE SHEET ASAT31 MARCH 2025 2025 2024 Not•s Flxed a88et$ T8nglble asse18 Investment property 13 14 5,566 1,781,003 8,345 1,781,003 1,786,569 1.789.348 Current a886ts C8sh at bank and In hand 18,363 22,884 Cr8dltor8: amountB falllng due wlthln one year 15 {9.747) (5,1201 Net curront a880ts 8,616 17,544 Tolal a88èt81088 curront Ilabllltl8s 1,795,185 1,806,892 The funds of the charlty Endowmenl funds Unreslrieled funds 16 17 1,726.432 68,753 1,728,432 80,460 1,795,185 1,806,892 The company Is enlllled to the exemption from the audit requlremenl contained Sn 8e¢llon 477 of the Comp8nles Acl 2006, for the year ended 31 March 2025. The dlTèclors acknowledge thelr responslbllllles for complylng wllh the requlremenl8 of the Companles Act 2006 wilh respecl lo accountlng records and tho preparallon of financlal slalemenls. The members have nol requlred th8 company lo obtaln an audll of Its Ilnancl81818lements for the year In qu8Stlon In accordance with sectlon 476. These flnancial statements have been propared in actordance wllh Ihe provlslons appllcable lo companl8s subJecl tolh small companles regime. Th clal st t8menls were approved by the trustees on . M Collls ta Company reglslralion number 05446834 (England and Wales)
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 Accountlng poll¢188 Charlty Infornjatlon The Kosmon Sanctuary Is a prlvale company limlied by guarantee incorporated In England and Wales. The reglslered officè is Splnnay Collage. Wallon Manor, Wallon Street, Walton On The Hill, SuThey, KT20 78A. 1.1 Ac¢ounllng conventlon The financial 8lal8ménts hav6 been prepared In accordance with the ch8riVs govomlng documont. the Companies Acl 2006. FRS 102 Yhe Flnanclal Reportlng Standard applic8ble Sn the UK and Republlc of Ireland. and thè Charilles SORP "Accounting and ReportSng by Charilles,. Statement of Recommended Praclice 8pplicabla lo charlll8s preparing thelr acwunts In accLJrdance wllh the Fln8nci81 Reportlng Standard appllcable In thé UK and Republlc of Ireland (FRS 102)". Tho charity18 a Publlc Benefil Enllly as d61tned by FRS 102. Tho charity has laken advant8g6 of th8 provlslons In thg SORP for charltlos not to preparé 8 statement of cash flows. The flnanclal 8talemenls are prepared In slerllng, whlch Is the funcllonal currency of the ch8rfty. Monetary amounts in Ihese flnancS81 slalements are rounded lo Iho nearest £. The financl818latemenls have been prepared under the hlstorlc81 cost conv8nllon, modlfled to Include Ihe revaluallon of freehold properties and lo include Investment prOpereS and Gertaln fln8n¢l81 InstNments al falr value. The pdnclpal aauntIng pollcles 8dopled are sèt oul below. 1.2 Golng concorn At the tlme of approvlng th8 flnanclal statements, th8 trustees have a reasonabla exp8¢tallon Ihat the charlty has adequate resources lo conllnuo In operational èxlslenca for the foreseeable fvlure. Thus lh8 Iruslee8 cnnllnue lo adopt the going concem basls of accountlng In preparlng the finan¢laS stalem8nt8. 1.3 Charlljblg fund8 Unrestrlcted lund5 are avallable for u88 at th8 dlscreuon of the Iru8lee8 In lurtherance of thelr ch8rllabl8 obJe¢llves. Reslrlcled funds can only b8 U88d lor partlcular restrrcied purposes wthln the obJe¢ls of the charfty. Reslrlcllons arlse when spg¢1fi8d by the donor or when funds 8re ralsed for partlcular restrlcted purposes. Endowment funds aro ellher pemiangnt or èxp8ndabl8. Pem18nent endowmenl funds cannot be turned Into Income and spenl. Only the Income from th8 investment can be spént and th8 Income can only be used for the purpose for whlch tha furKI was established. 1A Incomg Income Is recognised when the charity Is18gally entitled lo it after any performance condillon8 hav9 been met, Ihe amounts can be measured rellabty. and It Is probable th81 income wlll b8 recelved. 1.5 Expenditure Expendlture Is recognlsed once there is a legal or cL)nstructive obligation lo Iransfer economic beneni to a thlrd p8rly, it 15 probabl8 that a Iransf8r of oconornlc benefils be required in setllemenl, and the amounl of the obligation can be measured rellably. Expenditure is classlfled by acllvlty. The costs of each activily are made up of the total of dlrecl costs and shared costs, Includlng support sts Involved In undertaknng each activity. Direct costs alldbulable lo a single acllvlty are allocated dlreclly lo thal acllvity. Shad (x)sis which conlribule lo more then one actlvity and support costs whlch are not allributable to a single activity are apportioned beiween those activities on a basis conslstent with Ihe use ol résourcès. Central slaff 5 are allocated on Ihe basls of Ilme spent, and depredatlon charges are allocated on the portion of the assel's use.
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Accountlng pollcles (Conllnuéd) 1.6 Tanglble fixèd assets Tanglble fix assets are Inlflally measured at cosl and subsequenlly measured at cost or valuallon. nel of depreclallon and any Impaimienl losse8. Depreclallon Is re¢>)gnlsed so 8$ to wrlle off the co81 or v81uallon of assets1885 thelr resldu81 values over thelr useful Ilves on the followlng bases: Freehold land and bulldlngs Flxtures and filllngs 20 year stralght Iln8 10 year stralght Ilne The gain or loss arlsln9 on the dlsp09al of an asset Is determlned 8S the dlfference between Ihe Sale proceeds 8nd th8 carrWng value of the assat. and Is récognlsed In the stalement of flnanci81 acllvllles. 1.7 Invo8tment proporty Inveslm8nl prOrtY. whlch Is propety held to eam renlals andlor for cap51al apprec1911on, 18 Inltlally r8cogn188d at cost, vthlch Indud8S the purchase cost and any direcuy attrlbulab18 expenditure. Subsequently 11 Is measured at fair value al the reporting end dale. The surplus or d8ficll on revaluatlon 18 recognS8ed In prollt or loss. 1.8 Cash and c88h equlvalonts Cash and cash equlvalents Include ¢ash In hand, deposlts held at caN with banks, oth8r short-lerm liquld Investmen18 with ortgln81 m81urilies of Ihree months or less. and bank overdrafts. Bank overdrafts are 8hown wllhin borfowlngs In Current Ilabilities. 88slc flnanclal assets Baslc fln8ncl81 ass&ls, whlch Includ8 déblors and cash and bank balances. ar8 Inlllally measurèd al Iransaclion prlce Sncluding transacllon ¢osls and are subsequenlly cathed at 8mortls8d cost uslng Ihe effecllve Inlere81 melhod un16SS the arrangement conslilulos a fln8ncSng trans8dlon. wh8fe Ihe tran8a¢llon Is measured at the present value of lh8 fulure rèc8lpis discounted at a market r818 of Inleresl. Flnandal assets classified as recelvable wlhln on8 ye8r ar6 not 8mortls8d. Baslc nnanclal Ilabllltlos 8aslc flnanclal Ilabllilies, Includlng credltors 8nd bank loans ere Initlally rècognlsed al Iransacllon prfce unless the arfangemenl constilules a flnanclng transacllon. where the debt instrument Is measured at Ihe present value of Ihg future payrnenls dlscounled at 8 market r81e of Interest. Flnanclal Ilabllllles cl8sslfted as payable withln one year are not amortised. Debl Inslrumenls are subsequenY caffied at amortlsed cost. lJ8ing Ihe efflIve Interest rate method. Trade credltors are obllgatlons to pay for goods or servlces Ihat have been acqulred In Ihe ordlnary course of operations from suppllers. Amounls payoble are dassified as current liabilities If payment Is due wilhln ong year or less. If not, they are presented as non-currenl liabilities, Trade creditors are reco9nlsed Initlally at transaction PTlca and subsequently measured al amortised cost uslng Ihe effecllve Interest meth¢)d. Deracognlllon of Ilnanclal Ilabllltles Financial liabililles are derecognised when the charlvs contractual obllgallons explre or are dischargèd or cancelled.
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 crftlcal accountlng esllmates and Judgements In the appllcallon of the chariVs accountlng polldes, Ihe trustees are requlred to make judgements, eslimales and assumptions aboul the c8rying amount of assets and Ilabililies that are nol readily 8pp8renl from other sourc8s. The esllmates and associated 8s$umplions are based on historical exp8rlence and other factois that ar8 consld8red to be relev8nl. Actual resulls may differ from these esumales. The esllmales and underlylng assumptlons are reviewed on an ongolng ba815. R8vlslons lo accountlng estlmates are recoonlsed In the p8riod In which tho estimate Is revisod wh&re tho revlslon affects only Ihat pedod. or In the period of the revlslon and future periods where lh8 r8vlslon affects both current and futur8 perlods. In¢om• Irom charltablo acllvllle8 Unro8trl¢tod fund8 202S Unrestrlctod funds 2024 Property runnlng costs Granls 1.500 Income from other tradlng actlvltlos UnrnBlrlcted Unrèstrlcted funds funds 2025 2024 Oth8r Income 7,101 535 Income from Investmonts Unrestrlcted Unrostrlcted funds fund5 2025 2024 Renlal Incom& Interest rec8lvable 83,722 415 71,856 706 84,137 72,562
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Expendlturè on r8lslng funds Unrestrlcted Unrestrlcted fund8 funds 2025 2024 Tradlng cost8 8ad debts 9.342 7,400 Investment managem8nt 4.221 3.492 Total costs 13.563 10.892 Expendlture on ¢harltablo o¢tlvlllo8 Propèrty runnlng CO8t8 2025 Proporty runnlng costs 2024 Dlracl co8t8 Donallons and 91ft8 4,059 3,007 Sharo ol 8UPPOrt and governanco CO8t8 (880 noto 8) Support Governance 73,768 11,557 84,554 7,897 89.382 95.458 Analy818 by fund Unrestricted funds - gener81 89,382 95,458
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 Support ¢o$t8 allocated to actlvltlés 2025 2024 Depreclallon Bank charges Grounds malnlenancg Electrfdty Ulllllles Insurance Advertl8lng Telephone and Inlem81 Print, poslace and stallonary Refurblshmenl expendllure Travel and accomodallon Gov8rn8nc8 costs 2.779 60 11.009 1,774 4.195 9,516 125 1.158 270 42,386 495 2.779 132 31.570 2.427 3.065 8,301 145 990 216 34,566 363 li 11.558 7,897 85.323 92,451 Analy4ad between: Property rnnnlng c08ts 85.323 92,451 2025 2024 Govèrnance costs comprlso: Audlt fees Leg81 and prolesslonal Sundrfes 2,460 8,686 2,412 1,320 2,080 4,497 11,558 7,897 Nel movement In fund8 2025 2024 The nel movement In funds is slaied after charglngllcredlliJ). Fees payable for the Ind8p8nd8nl 8xamln8110Tr of Ihe charitys fin8nclal statements Deprecl8llon ol owned tanglble Ilxed gssets 2,460 2,779 1.320 2.779 10 Trustees During the year cosls lolallln9 £3.361 were relmbursed to 4 Truslees (2024: £970 was relmbursed lo 2 Iruste8s}. During tho year ended 31 Augu812025, Mr S. Cox did nol provide gardening and maintenance servi5 {2024- £163 was pald for such Servic). The rates paid in 2024 were in line with those charged by other sorvi providers. 10-
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 11 Employees 2025 Numbèr 2024 Numbor Total There were no employees whose 8nnual remun8ralion was more th8n £60.000. Remungratlon of kèy managomant porsonnol The remun8rallon of key m8nagement personnel was as follows: 12 Taxallon The charfty Is èxérnpi from t8xalloft on Its acllvllles because all118 Income Is applled for ¢harf18bl6 purpos&s. 13 Tanglble f5xed 8S8et¥ Fr••hold land Flxtur•8 and and bulldlng• fittlngl Total C08t Al 1 Apdl 2024 55,591 8.130 63,721 Al 31 Mar¢h 2025 55,591 8.130 63.721 D8pr8clatlon and Impalmient At 1 Aprll 2024 Oepreclallon charged In the year 47.246 2.779 8,130 55,376 2,779 At 31 March 2025 50.025 8.130 58,155 Carrylng amount At 31 March 2025 5.566 5,566 At 31 March 2024 8.345 8.345 14 Investment property 2025 Falr value At 1 April 2024 and 31 March 2025 1,781.003 The propertles were revalued based upon open markot value on 1st September 2014 by Mark Evarett Bsc FRICS of Michael Everell & Company Limlted. The amounts shown In thé accounts for the year ended 31sl March 2025 are based upon those values and the complellon of the refurbishment works. 11
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 15 Credllors: amounts falllng duè wlthln ono yoar 2025 2024 Trad8 craditors Other crèdllors 88 9,659 1.5¢JO 3.620 9,747 5.120 16 Endowmènt fund8 At 1 Aprll At 31 March 2024 2025 Permanent endowmont8 Endowmenl 1.726,432 1,726,432 Prevlou8 year: At 1 Aprll At 31 March 2023 2024 Pormanent endowm8nt8 Endowment 1,728,432 1,726,432 17 UnTg8trlct8d funds At 1 Aprll 2024 Incomlng Resour8 At 31 March resources pxpendod 2025 Gen8r81 lund 80.460 91,238 (102,945) 68,753 Prevlous year,, At 1 Aprll 2023 Incomlng Resource¥ Al 31 March re80ur¢os gxpend8d 2024 General fund 112.213 74.597 (106.350) 80,460 12-
THE KOSMON SANCTUARY NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2025 18 AnalyBI8 of nèt 888èts betwa•n funds Unrestrlctéd Endowment fund8 funds 2025 2025 Total 2025 At 31 March 2025: T8nglble assets Investmènt prop8rt18S Currant assetsl(Ilablllllo$) 5.566 54.571 8.616 5,566 1,781,003 8,616 1,726,432 68.753 1.726,432 1,795,185 Unre8lrl¢tod Endowm•nt lunds funds 2024 2024 Total 2024 Al 31 March 2024: Tanglble 88sels Inveslm8nt propertl8s Current asselsl(Ilabllllles) 8,345 54.571 17,544 8,345 1,781,003 17,544 1,726,432 80.460 1,728,432 1,806,892 19 Related party tran8actlons There were no dlsclosable related party Iran8acllons durlng thg ygar (2024 - none). 13-