## **Trustees’ Annual Report for the period** ## **From 01/08/20 Period start date To 31/07/21 Period end date** ## **Charity name: CONFUCIUS & TAO ASSOCIATION (UK)** ## **Charity registration number: 1138997** ## **Objectives and Activities** ||SORP reference|| |---|---|---| |Summary of the purposes of
the charity as set out in its
governing document|Para 1.17|The objects of the charity are:
1. To advance religion for the public benefit
by promoting Buddhism and the teachings
of the great Tao
2. To promote the mental or spiritual
improvement of the community for the
public benefit by sponsoring the teachings
of Confucius
3. To promote religious and racial harmony
for the public benefit by enhancing mutual
understanding amongst all races and
cultures in the United Kingdom
4. To relieve those in need by provision of
charitable, physical or moral assistance, for
the public benefit| |Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or
services identified in the
accounts.|Para 1.17 and
1.19|The trustees have considered their duty as outlined
in Section 4 of the Companies Act 2006 to have due
regard to the Charity Commission’s guidance on
public benefit. The purpose of the charity is
enshrined in its objectives as outlined above.| |Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit|Para 1.18|The trustees ensure that this purpose is carried out
for the public benefit by delivering a range of
suitable activities.| ## **Additional information (optional)** You may choose to include further statements where relevant about: SORP reference Para 1.38 Policy on grant making Para 1.38 Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other ## **Achievements and Performance** ||SORP reference|| |---|---|---| |Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.|Para 1.20|During the period under review, the organisation
continued with its usual charitable activities as far
as able but due to COVID-19 all activities at the
charity’s premises from February 2020 onwards
until recently were disrupted. The Tea Bar have
been closed since January 2020 but there are plans
to reopen a rebranded Tea Bar called Lotus Bloom
Cafe in the near future
All charitable activities including fundraising were
moved online where possible including seminars,
praying and chanting.
There was no further progress on the re-submission
of the application to the local Council for the
change of use of the property. All formal activities
relating to using the premises as a place of worship
until the outcome of the future resubmission of the
planning permission is known have continued to be
suspended during the year to date.
The charity operates in London but has informal
links with other independent charity organisations
based in Birmingham and Glasgow. Fundraising was
carried out in those locations for the charity.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Achievements against
objectives set|Para 1.41|| |Performance of fundraising
activities against objectives
set|Para 1.41|| |||| |---|---|---| |Investment performance
against objectives|Para 1.41|| |Other||| ## **Financial Review** |**Financial Review**||| |---|---|---| |Review of the charity’s
financial position at the end
of the period|Para 1.21|The charity had a surplus of £13,321 ( 2020 Deficit
£13,843) ) for the year. Total incoming resources for
the year amounted to £78,158 ( 2020 £62,324 ). As
31 July 2021, the total reserves of the charity
amounted to £416,129 (2020 £407,290 ).| |Statement explaining the
policy for holding reserves
stating why they are held|Para 1.22|The trustees have examined the requirement for
free reserves which are those unrestricted funds
not invested in fixed assets, designated for special
purposes or otherwise committed.| |Amount of reserves held|Para 1.22|The trustees consider that there are sufficient
unrestricted funds to carry out the activities of the
charity and to meet its running costs for at least 6
months ahead.| |Reasons for holding zero
reserves|Para 1.22|| |Details of fund materially in
deficit|Para 1.24|| |Explanation of any
uncertainties about the
charity continuing as a going
concern|Para 1.23|The trustees have assessed the Going Concern
position of the Charity in the light of COVID-19 and
appropriate measures have continued to be in force
to ensure the safety of all supporters and those who
have dealings with the organisation.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |The charity’s principal
sources of funds (including
any fundraising)|Para 1.47|| |Investment policy and
objectives including any
social investment policy
adopted|Para 1.46|| |A description of the principal
risks facing the charity|Para 1.46|| |Other||| ## **Structure, Governance and Management** |Description of charity’s
trusts:||| |---|---|---| |Type of governing document
(trust deed, royal charter)|Para 1.25|**Trust Deed/Memorandum**| |How is the charity
constituted?
(e.g unincorporated
association, CIO)|Para 1.25|The trustees are responsible for the general control
and management of the charity. One person is
appointed as the Chairperson of the trustees and
duties and responsibilities are allocated amongst
the trustees and members.| |Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees|Para 1.25|The trustees are responsible for the general control
and management of the charity. One person is
appointed as the Chairperson of the trustees and
duties and responsibilities are allocated amongst
the trustees and members. Meetings of the trustees
are held throughout the year to deal with matters
relating to the running of the charity and activities
for members. The charity does not have any
employees as its work is carried out by the trustees
and its members and volunteers.
Each of the above trustees is also a member and
director of the company and each is liable to
contribute an amount not exceeding £1 in the event
of the company being wound up.| ## **Additional information (optional)** You may choose to include further statements where relevant about: |||| |---|---|---| |Policies and procedures
adopted for the induction
and training of trustees|Para 1.51|| |The charity’s organisational
structure and any wider
network with which the
charity works|Para 1.51|| |Relationship with any related
parties|Para 1.51|| |Other||| ## **Reference and Administrative details** |Charity name|CONFUCIUS & TAO ASSOCIATION (UK)| |---|---| |Other name the charity uses|| |Registered charity number|1138997| |---|---| |Charity’s principal address|47 SHERNHALL STREET, WALTHAMSTOW, LONDON,
E17 3EY| ||| **Names of the charity trustees who manage the charity** |1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20|**Trustee name**|**Office (if any)**|**Dates acted if not for whole**
**year **|**Name of person (or body) entitled**
**to appoint trustee (ifany)**| |---|---|---|---|---| ||HUI GOH PHUA|47 SHERNHALL
STREET,
WALTHAMSTOW,
LONDON,
E17 3EY||| ||MR MUN HOONG
CHIN|47 SHERNHALL
STREET,
WALTHAMSTOW,
LONDON,
E17 3EY||| ||CAI YING HE|47 SHERNHALL
STREET,
WALTHAMSTOW,
LONDON,
E17 3EY||| ||MR TAK YEUNG
CHEUNG|47 SHERNHALL
STREET,
WALTHAMSTOW,
LONDON,
E17 3EY||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| |||||| – Corporate trustees names of the directors at the date the report was approved **Director name MR MUN HOONG CHIN** Name of trustees holding title to property belonging to the charity |**Trustee name**|**Dates acted if not for whole year**|| |---|---|---| |**HUI GOH PHUA**||| |**CAI YING HE**||| |**TAK YEUNG CHEUNG**||| |||| |||| |||| ## **Funds held as custodian trustees on behalf of others** |Description of the assets
held in this capacity|| |---|---| |Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects|The charity was successful in purchasing the Freehold property at The
Lord Brroke,47 Shernhall Street, Walthamstow in July 2014. The
purchase of the property was completed in August 2014. The cost of
the Freehold Property was £740,000. With related professional and
other costs of £4,259, the total costs of the Freehold Property
amounted to £744,259. Further costs were spent on improving the
property and converting it into suitable accommodation for the
charity, including completing the fitting out of it with fixtures and
equipment. At 31 July 2021, the total costs incurred amounted to
£829,536 ( Note 2 ). Depreciation has been provided on the buildings
element of the cost. The original purchase and subsequent
improvement costs were funded by donations specifically for this
purpose.| |Details of arrangements for
safe custody and
segregation of such assets
from the charity’s own
assets|As at 31 July 2021 the total loans relating to the property that have
been generously provided by supporters of the charity amounted to
£190,780( 2020 £248,774 ) These are interest free loans with no fixed
repayment terms.| ## **Additional information (optional)** ## **Names and addresses of advisers (Optional information)** |**Type of**|**Name**|**Address**| |---|---|---| |**adviser**||| **Name of chief executive or names of senior staff members (Optional information)** ## **Exemptions from disclosure** Reason for non-disclosure of key personnel details ## **Other optional information** ## **Declarations** **The trustees declare that they have approved the trustees’ report above.** **Signed on behalf of the charity’s trustees** |**Signature(s)**
**Full name(s)**
**Position (eg Secretary,**
**Chair, etc)**
**Date**||| |---|---|---| ||HUI GOH PHUA|| ||
TREASURER|| ||31/5/22|| ||31/5/22|| ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** ## **REPORT AND ACCOUNTS** **for the year ended 31 July 2021** **COMPANY NO: 07323872 (ENGLAND & WALES)** **REGISTERED CHARITY NO: 1138997** ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) REPORT AND ACCOUNTS For the year ended 31 JULY 2021** ## **CONTENTS** ||**Page**|| |---|---|---| |Officers and professional advisers||1| |Trustees’ report||2-4| |Independent Examiner’s Report||5| |Statement of Financial Activities||6| |Balance sheet||7| |Notes to the accounts||8-11| **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) OFFICERS AND PROFESSIONAL ADVISERS For the year ended 31 July 2021** |||PAGE 1| |---|---|---| |**Trustees/Directors**|D M H Chin ( Chairman)|| ||C Y He|| ||T Y Cheung|| ||H G Phua ( Treasurer )|| |**Company Number**|07323872 (England & Wales)|| |**Registered Charity Number**|1138997|| |**Registered Office**|The Lord Brooke|| ||47 Shernhall Street|| ||Walthamstow|| ||London E17 3EY|| |**Charity’s address**|The Lord Brooke|| ||47 Shernhall Street|| ||Wathamstow|| ||London E17 3EY|| |**Independent Examiner**|Mei Sim Lai OBE DL FCA FCCA|| ||LaiPeters & Co|| ||Chartered Accountants|| ||Suite A|| ||6 Honduras Street|| ||London|| ||EC1Y 0TH|| |**Bankers**|HSBC Bank|| ||Canada Place|| ||Canary Wharf|| ||London|| ||E14 5AH|| **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’ REPORT** **For the year ended 31 July 2021** PAGE 2 The trustees present their report and accounts for the year ended 31 July 2021. ## **CONSTITUTION** Confucius Tao Association (UK) is a company limited by guarantee with no share capital incorporated on 22 July 2010. The company was granted charity status on 12 November 2010 and is governed by its Memorandum and Articles of Association. ## **OBJECTIVES OF THE CHARITY** The objects of the charity are: 1. To advance religion for the public benefit by promoting Buddhism and the teachings of the great Tao 2. To promote the mental or spiritual improvement of the community for the public benefit by sponsoring the teachings of Confucius 3. To promote religious and racial harmony for the public benefit by enhancing mutual understanding amongst all races and cultures in the United Kingdom 4. To relieve those in need by provision of charitable, physical or moral assistance, for the public benefit ## **PUBLIC BENEFIT** The trustees have considered their duty as outlined in Section 4 of the Companies Act 2006 to have due regard to the Charity Commission’s guidance on public benefit. The purpose of the charity is enshrined in its objectives as outlined above. The trustees ensure that this purpose is carried out for the public benefit by delivering a range of suitable activities. ## **GOVERNANCE AND ORGANISATION** The trustees are responsible for the general control and management of the charity. One person is appointed as the Chairperson of the trustees and duties and responsibilities are allocated amongst the trustees and members. Meetings of the trustees are held throughout the year to deal with matters relating to the running of the charity and activities for members. The charity does not have any employees as its work is carried out by the trustees and its members and volunteers. ## **DIRECTORS/TRUSTEES** The trustees who have served during the year under review and to the date of signing these accounts are: D M H Chin (Chairman) C Y He T Y Cheung H G Phua (Treasurer) Each of the above trustees is also a member and director of the company and each is liable to contribute an amount not exceeding £1 in the event of the company being wound up. **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARECAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2021** PAGE 3 ## **RISK MANAGEMENT** The trustees are aware of the major operational and business risks which the charity faces and are confident that adequate systems are in place to mitigate any significant risks. ## **GOING CONCERN AND IMPACT OF COVID-19** The trustees have assessed the Going Concern position of the Charity in the light of COVID-19 and appropriate measures have continued to be in force to ensure the safety of all supporters and those who have dealings with the organisation. ## **RESERVES POLICY** The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for special purposes or otherwise committed. The trustees consider that there are sufficient unrestricted funds to carry out the activities of the charity and to meet its running costs for at least 6 months ahead. ## **INVESTMENT POWERS AND POLICY** The charity’s investment powers are governed by the Memorandum and Articles of Association. This permits the charity’s funds to be invested in investments, securities or property as may be thought fit but only after obtaining appropriate advice from a Financial Expert. ## **ACHIEVEMENTS AND ACTIVITIES DURING 2019/2020** During the period under review, the organisation continued with its usual charitable activities as far as able but due to COVID-19 all activities at the charity’s premises from February 2020 onwards until recently were disrupted. The Tea Bar have been closed since January 2020 but there are plans to reopen a rebranded Tea Bar called Lotus Bloom Cafe in the near future All charitable activities including fundraising were moved online where possible including seminars, praying and chanting. There was no further progress on the re-submission of the application to the local Council for the change of use of the property. All formal activities relating to using the premises as a place of worship until the outcome of the future resubmission of the planning permission is known have continued to be suspended during the year to date. The charity operates in London but has informal links with other independent charity organisations based in Birmingham and Glasgow. Fundraising was carried out in those locations for the charity. ## **PURCHASE OF FREEHOLD PROPERTY FOR USE AS TEMPLE** The charity was successful in purchasing the Freehold property at The Lord Brroke,47 Shernhall Street, Walthamstow in July 2014. The purchase of the property was completed in August 2014. The cost of the Freehold Property was £740,000. With related professional and other costs of £4,259, the total costs of the Freehold Property amounted to £744,259. Further costs were spent on improving the property and converting it into suitable accommodation for the charity, including completing the fitting out of it with fixtures and equipment. At 31 July 2021, the total costs incurred amounted to £829,536 ( Note 2 ). Depreciation has been provided on the buildings element of the cost. The original purchase and subsequent improvement costs were funded by donations specifically for this purpose. As at 31 July 2021 the total loans relating to the property that have been generously provided by supporters of the charity amounted to £190,780( 2020 £248,774 ) These are interest free loans with no fixed repayment terms. ## **CONFUCIUS & TAO ASSOCIATION (UK)** **(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2021** PAGE 4 The charity submitted a planning application to its local Council, the London Borough of Waltham Forest for change of use of the property from A4 to D1 use. The application was rejected by the Council on 27 January 2016. The trustees were disappointed with the Council’s decision and have obtained professional advice on the next course of action. Further consultations with the Council have since taken place but at the date of these accounts the planning application has not yet been resubmitted. ## **FINANCIAL REVIEW** The charity had a surplus of £13,321 ( 2020 Deficit £13,843) ) for the year. Total incoming resources for the year amounted to £78,158 ( 2020 £62,324 ). As 31 July 2021, the total reserves of the charity amounted to £416,129 (2020 £407,290 ). ## **FUTURE PLANS** The trustees continue to monitor the impact of the pandemic and continue with safety measures as well as appropriate. ## STATEMENTOF DIRECTORS/TRUSTEES’RESPONSIBILITIES The directors/trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors/trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. In preparing these financial statements the directors/trustees are required to: -select suitable accounting policies and then apply them consistently -make judgements and estimates that are reasonable and prudent -observe the methods and principles in the Charities SORP -state whether applicable accounting standards and statements of accounting practice have been followed, subject to any departure disclosed and explained in the financial statements. -prepare the financial statements on the going concern basis and in accordance with applicable accounting standards unless it is inappropriate to presume that the charity will continue in operation. The directors/trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Board of Trustees on 31 May 2022 and signed on its behalf by H G PHUA Trustee ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** ## **INDEPENDENT EXAMINER’S REPORT For the year ended 31 July 2021** PAGE 5 **______________________________________________________________________________** I report on the financial statements of Confucius & Tao Association (UK) (“the charity”) for the year ended 31 July 2021 which are set out on pages 6 to 11. ## **Respective responsibilities of the Trustees and Independent Examiner** The trustees of the charity (who are also directors of the company for the purposes of company law) are responsible for preparing the financial statements. The trustees of the charity consider that an audit is not required for the year (under section 144 (2) of the Charities Act 2011 (“the Act “) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, I have: -examined the accounts under section 145 of the 2011 Act -followed the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and ## **-** stated whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with General Directives given by the Charity Commission and regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention: 1.which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006: and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 which are consistent with the method and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities - have not been met or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached Mei Sim Lai OBE DL FCA FCCA LaiPeters & Co, Chartered Accountants Suite A 6 Honduras Street London EC2M 1NH 31 May 2022 ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) STATEMENT OF FINANCIAL ACTIVITIES** ## **(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 July 2021** PAGE 6 |Notes
**INCOMING RESOURCES**
**Incoming resources from generated**
**Funds**
_Voluntary income_
Donations , grants and other incoming
resources
3
Interest receivable
3
**Total incoming resources**
**RESOURCES EXPENDED**
Raising funds
4
Charitable activities
**Total resources expended**
Net incoming/(outgoing) resources

**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
78,111
-
78,111
62,270
47
47
54| |---|---| ||78,111
47
78,158
62,324| ||6,603
6,603
15.466
13.140
45,184
58,324
69,330| ||19,743
45,184
64,927
84,796| ||58,368
(45,137)
13,321
(22,472)
271,369
135,921
407,290
429,762| ||329,737
90,784
420,521
407,290| The charity had no gains or losses during the year other than those shown above. All the above results are derived from continuing activities The notes on pages 6 to 11 form part of these financial statements. ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) BALANCE SHEET 31 July 2021** |**BALANCE SHEET**
**31 July 2021**||||| |---|---|---|---|---| |||||| |Notes
FIXED ASSETS
Tangible fixed assets
2
CURRENT
ASSETS
Debtors
7
Cash at Bank
8
CREDITORS:
amounts falling due
within one year
Creditors and Loans
9,10
NET CURRENT
ASSETS
RESERVES
Unrestricted funds
Restricted funds
11
TOTAL
RESERVES|2021
£
5,520
56,521
62,041
(191,840)
||550,320




(129,799)
329,737
90.784
420,521|| ||||
|| The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 July 2021: - The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”) - Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 5. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts were approved and authorised for issue by the Board on 31 May 2022 and signed on behalf of the Board of trustees by: H G PHUA Trustee Company no : 07323872 ( England 7 Wales ) **CONFUCIUS & TAO ASSOCIATION (UK)** **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** **NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 8 ## **1. ACCOUNTING POLICIES** ## **(a) Basis of preparation of accounts** The financial statements have been prepared under the historical cost convention and comply with the Companies Act 2006. They are prepared in sterling which is the functional currency of the charity. The financial statements have been prepared in accordance with the Statement of Recommended Practice and Reporting by Charities - SORP FRS102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland. ## **Going Concern** The trustees have the considered the going concern of the charity particularly in the light of the pandemic and its impact on cashflows. They have come to the conclusion that the charity has adequate resources to continue in business for the next 12 months. ## **(b) Incoming resources** Income representing the value of gifts, donations and contributions from members is recognised in full in the Statement of Financial Activities when receivable. ## **(c) Resources expended** Resources expended include attributable VAT which cannot be recovered ## **(d) Unrestricted and Restricted Funds** Unrestricted funds are donations and other income receivable or generated for the charity without a specified purpose and are available for the general use of the charity. Restricted Funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal. The purpose and use of the restricted funds is set out in the notes to these accounts. ## **(e) Depreciation** Depreciation is provided at rates calculated to write off the costs of fixed assets, less their residual value, over their expected useful lives on the following basis: Freehold buildings 5% straight line Fixtures and equipment 25% reducing balance ## **(f) Foreign exchange** Transactions in respect of donations from overseas, denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange at the balance sheet date. **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 9 ## **2** . **TANGIBLE FIXED ASSETS** |

**Cost**
At beginning of year
Additions during year
__
Cost at end of year

**Depreciation**
At beginning of year
Charge for year

At end of year
**Net Book Value**
31 July 2021
31 July 2020
|**Freehold**
**Fixtures and**
**Property**
**Equipment**
**£**
**£**
829,536
80,991

-
-
_____
_____
__
829,536
80,991
248,862
66,161

41,477
3,707

______
_____

290,339
69,860

539,197
11,123
580,674
14,830|**Total**
**£**
910,527
-
____
910,527
315,023
45,184
______
360,207
550,320
595,504|**Total**
**£**
910,527
-
____
910,527
315,023
45,184
______
360,207
550,320
595,504| |---|---|---|---| ||||| ||||595,504| ## **3** . INCOMING RESOURCES |Unrestricted donations
Sale of donated and other goods

Tea Bar
Gift Aid recoverable
Uniforms

Total unrestricted incoming resourcese

Bank interest receivable - restricted
Total Incoming resources|2021
£
64,442
7,757
392
5,520
-
______
78,111
47
78,158|2020
£
37,525
17,043
2,046
5,568
88
______
62,270
54
62,324| |---|---|---| |||
| ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 10 |**4. RESOURCES EXPENDED**
**Raising funds:**
Cost of goods sold
Tea Bar

**Charitable activities**
Meetings, events and seminar expenses
Support costs:
Utilities
Insurance
Professional Fees
Printing & Stationery
General Expenses & office costs
Governance costs
Total cost of charitable activities ( unrestricted )
Depreciation of Freehold buildings ( restricted )
Depreciation of Fixtures and Equipment ( restricted)
Total cost of charitable activities
**5. GOVERNANCE COSTS**
Independent Examiner’s Fee ( including VAT )|2021
£
5,816
787
-------
6,603
-
7,442
1,705
100
-
2,933
960
______
13,140
41,477
3,707
______
64,927
2021
£
960|2020
£
13,147
2,319
--------
15,466
782
12,334
1,591
26
70
3,991
960
_____
19,754
41,477
8,099
______
84,796
2020
£
960| |---|---|---| ## **6 TRUSTEES’ REMUNERATION** The trustees are not remunerated and no expenses were claimed by the trustees during the year. ## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Prepayment
Gift Aid recoverable
**8. CASH AT BANK**
Cash at Bank- Current account
Cash at Bank- Savings account|2021
£
-

5,520
2020
£
34,722
21,799
56,521|2020
£
774
10,966
2019
£
18,730
31,110| |---|---|---| |||49,840| ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS** **For the year ended 31 July 2021** PAGE 11 **_______________________________________________________________________________** |**9**.**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
£
Accruals
1,060
**10.LOANS**
2021
£
Loans to assist with the purchase of a building for use of the charity
and improvements to building afterwards190,780|2020
£
960
2020
£
248,774| |---|---| The above loans have been provided by supporters of the charity on an interest free basis. No repayment terms have been fixed as this will be mutually decided and applied at the appropriate date. |**11. RESTRICTED FUNDS**
2021
£
**BUILDING FUND**
At beginning of year
135,921
Net increase in year
47
Depreciation of buildings and Fixtures & Equipment
for year
(45,184)
_______

At end of year
90,784
|2020
£
185,443
54
(49,576)
______
135,921| |---|---| ## **12. CONTROL** The charitable company was controlled during the year by the board of directors/trustees. ## **13. RELATED PARTIES TRANSACTIONS** Donations were received from the Trustees during the year. Apart from this there were no other related parties transactions during the year. ## **14. EMPLOYEES** The charity did not have any employees during the period under review ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** ## **REPORT AND ACCOUNTS** **for the year ended 31 July 2021** **COMPANY NO: 07323872 (ENGLAND & WALES)** **REGISTERED CHARITY NO: 1138997** ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) REPORT AND ACCOUNTS For the year ended 31 JULY 2021** ## **CONTENTS** ||**Page**|| |---|---|---| |Officers and professional advisers||1| |Trustees’ report||2-4| |Independent Examiner’s Report||5| |Statement of Financial Activities||6| |Balance sheet||7| |Notes to the accounts||8-11| **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) OFFICERS AND PROFESSIONAL ADVISERS For the year ended 31 July 2021** |||PAGE 1| |---|---|---| |**Trustees/Directors**|D M H Chin ( Chairman)|| ||C Y He|| ||T Y Cheung|| ||H G Phua ( Treasurer )|| |**Company Number**|07323872 (England & Wales)|| |**Registered Charity Number**|1138997|| |**Registered Office**|The Lord Brooke|| ||47 Shernhall Street|| ||Walthamstow|| ||London E17 3EY|| |**Charity’s address**|The Lord Brooke|| ||47 Shernhall Street|| ||Wathamstow|| ||London E17 3EY|| |**Independent Examiner**|Mei Sim Lai OBE DL FCA FCCA|| ||LaiPeters & Co|| ||Chartered Accountants|| ||Suite A|| ||6 Honduras Street|| ||London|| ||EC1Y 0TH|| |**Bankers**|HSBC Bank|| ||Canada Place|| ||Canary Wharf|| ||London|| ||E14 5AH|| **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’ REPORT** **For the year ended 31 July 2021** PAGE 2 The trustees present their report and accounts for the year ended 31 July 2021. ## **CONSTITUTION** Confucius Tao Association (UK) is a company limited by guarantee with no share capital incorporated on 22 July 2010. The company was granted charity status on 12 November 2010 and is governed by its Memorandum and Articles of Association. ## **OBJECTIVES OF THE CHARITY** The objects of the charity are: 1. To advance religion for the public benefit by promoting Buddhism and the teachings of the great Tao 2. To promote the mental or spiritual improvement of the community for the public benefit by sponsoring the teachings of Confucius 3. To promote religious and racial harmony for the public benefit by enhancing mutual understanding amongst all races and cultures in the United Kingdom 4. To relieve those in need by provision of charitable, physical or moral assistance, for the public benefit ## **PUBLIC BENEFIT** The trustees have considered their duty as outlined in Section 4 of the Companies Act 2006 to have due regard to the Charity Commission’s guidance on public benefit. The purpose of the charity is enshrined in its objectives as outlined above. The trustees ensure that this purpose is carried out for the public benefit by delivering a range of suitable activities. ## **GOVERNANCE AND ORGANISATION** The trustees are responsible for the general control and management of the charity. One person is appointed as the Chairperson of the trustees and duties and responsibilities are allocated amongst the trustees and members. Meetings of the trustees are held throughout the year to deal with matters relating to the running of the charity and activities for members. The charity does not have any employees as its work is carried out by the trustees and its members and volunteers. ## **DIRECTORS/TRUSTEES** The trustees who have served during the year under review and to the date of signing these accounts are: D M H Chin (Chairman) C Y He T Y Cheung H G Phua (Treasurer) Each of the above trustees is also a member and director of the company and each is liable to contribute an amount not exceeding £1 in the event of the company being wound up. **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARECAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2021** PAGE 3 ## **RISK MANAGEMENT** The trustees are aware of the major operational and business risks which the charity faces and are confident that adequate systems are in place to mitigate any significant risks. ## **GOING CONCERN AND IMPACT OF COVID-19** The trustees have assessed the Going Concern position of the Charity in the light of COVID-19 and appropriate measures have continued to be in force to ensure the safety of all supporters and those who have dealings with the organisation. ## **RESERVES POLICY** The trustees have examined the requirement for free reserves which are those unrestricted funds not invested in fixed assets, designated for special purposes or otherwise committed. The trustees consider that there are sufficient unrestricted funds to carry out the activities of the charity and to meet its running costs for at least 6 months ahead. ## **INVESTMENT POWERS AND POLICY** The charity’s investment powers are governed by the Memorandum and Articles of Association. This permits the charity’s funds to be invested in investments, securities or property as may be thought fit but only after obtaining appropriate advice from a Financial Expert. ## **ACHIEVEMENTS AND ACTIVITIES DURING 2019/2020** During the period under review, the organisation continued with its usual charitable activities as far as able but due to COVID-19 all activities at the charity’s premises from February 2020 onwards until recently were disrupted. The Tea Bar have been closed since January 2020 but there are plans to reopen a rebranded Tea Bar called Lotus Bloom Cafe in the near future All charitable activities including fundraising were moved online where possible including seminars, praying and chanting. There was no further progress on the re-submission of the application to the local Council for the change of use of the property. All formal activities relating to using the premises as a place of worship until the outcome of the future resubmission of the planning permission is known have continued to be suspended during the year to date. The charity operates in London but has informal links with other independent charity organisations based in Birmingham and Glasgow. Fundraising was carried out in those locations for the charity. ## **PURCHASE OF FREEHOLD PROPERTY FOR USE AS TEMPLE** The charity was successful in purchasing the Freehold property at The Lord Brroke,47 Shernhall Street, Walthamstow in July 2014. The purchase of the property was completed in August 2014. The cost of the Freehold Property was £740,000. With related professional and other costs of £4,259, the total costs of the Freehold Property amounted to £744,259. Further costs were spent on improving the property and converting it into suitable accommodation for the charity, including completing the fitting out of it with fixtures and equipment. At 31 July 2021, the total costs incurred amounted to £829,536 ( Note 2 ). Depreciation has been provided on the buildings element of the cost. The original purchase and subsequent improvement costs were funded by donations specifically for this purpose. As at 31 July 2021 the total loans relating to the property that have been generously provided by supporters of the charity amounted to £190,780( 2020 £248,774 ) These are interest free loans with no fixed repayment terms. ## **CONFUCIUS & TAO ASSOCIATION (UK)** **(A COMPANY LIMITED BY GUARANTEE AND HAVING NO SHARE CAPITAL AND A REGISTERED CHARITY) TRUSTEES’REPORT For the year ended 31 July 2021** PAGE 4 The charity submitted a planning application to its local Council, the London Borough of Waltham Forest for change of use of the property from A4 to D1 use. The application was rejected by the Council on 27 January 2016. The trustees were disappointed with the Council’s decision and have obtained professional advice on the next course of action. Further consultations with the Council have since taken place but at the date of these accounts the planning application has not yet been resubmitted. ## **FINANCIAL REVIEW** The charity had a surplus of £13,321 ( 2020 Deficit £13,843) ) for the year. Total incoming resources for the year amounted to £78,158 ( 2020 £62,324 ). As 31 July 2021, the total reserves of the charity amounted to £416,129 (2020 £407,290 ). ## **FUTURE PLANS** The trustees continue to monitor the impact of the pandemic and continue with safety measures as well as appropriate. ## STATEMENTOF DIRECTORS/TRUSTEES’RESPONSIBILITIES The directors/trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the directors/trustees to prepare financial statements for each financial year. which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. In preparing these financial statements the directors/trustees are required to: -select suitable accounting policies and then apply them consistently -make judgements and estimates that are reasonable and prudent -observe the methods and principles in the Charities SORP -state whether applicable accounting standards and statements of accounting practice have been followed, subject to any departure disclosed and explained in the financial statements. -prepare the financial statements on the going concern basis and in accordance with applicable accounting standards unless it is inappropriate to presume that the charity will continue in operation. The directors/trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Board of Trustees on 31 May 2022 and signed on its behalf by H G PHUA Trustee ## **CONFUCIUS & TAO ASSOCIATION (UK)** ## **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** ## **INDEPENDENT EXAMINER’S REPORT For the year ended 31 July 2021** PAGE 5 **______________________________________________________________________________** I report on the financial statements of Confucius & Tao Association (UK) (“the charity”) for the year ended 31 July 2021 which are set out on pages 6 to 11. ## **Respective responsibilities of the Trustees and Independent Examiner** The trustees of the charity (who are also directors of the company for the purposes of company law) are responsible for preparing the financial statements. The trustees of the charity consider that an audit is not required for the year (under section 144 (2) of the Charities Act 2011 (“the Act “) and that an independent examination is needed. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, I have: -examined the accounts under section 145 of the 2011 Act -followed the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act; and ## **-** stated whether particular matters have come to my attention. ## **Basis of Independent Examiner’s Report** My examination was carried out in accordance with General Directives given by the Charity Commission and regulation 11 of the 2006 Regulations. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeks explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** In connection with my examination, no matter has come to my attention: 1.which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 386 of the Companies Act 2006: and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Companies Act 2006 which are consistent with the method and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities - have not been met or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached Mei Sim Lai OBE DL FCA FCCA LaiPeters & Co, Chartered Accountants Suite A 6 Honduras Street London EC2M 1NH 31 May 2022 ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) STATEMENT OF FINANCIAL ACTIVITIES** ## **(INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT) For the year ended 31 July 2021** PAGE 6 |Notes
**INCOMING RESOURCES**
**Incoming resources from generated**
**Funds**
_Voluntary income_
Donations , grants and other incoming
resources
3
Interest receivable
3
**Total incoming resources**
**RESOURCES EXPENDED**
Raising funds
4
Charitable activities
**Total resources expended**
Net incoming/(outgoing) resources

**Reconciliation of funds**
Total funds brought forward
Total funds carried forward|Unrestricted
Funds
Restricted
Funds
Total
2021
Total
2020
£
£
£
£
78,111
-
78,111
62,270
47
47
54| |---|---| ||78,111
47
78,158
62,324| ||6,603
6,603
15.466
13.140
45,184
58,324
69,330| ||19,743
45,184
64,927
84,796| ||58,368
(45,137)
13,321
(22,472)
271,369
135,921
407,290
429,762| ||329,737
90,784
420,521
407,290| The charity had no gains or losses during the year other than those shown above. All the above results are derived from continuing activities The notes on pages 6 to 11 form part of these financial statements. ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) BALANCE SHEET 31 July 2021** |**BALANCE SHEET**
**31 July 2021**||||| |---|---|---|---|---| |||||| |Notes
FIXED ASSETS
Tangible fixed assets
2
CURRENT
ASSETS
Debtors
7
Cash at Bank
8
CREDITORS:
amounts falling due
within one year
Creditors and Loans
9,10
NET CURRENT
ASSETS
RESERVES
Unrestricted funds
Restricted funds
11
TOTAL
RESERVES|2021
£
5,520
56,521
62,041
(191,840)
||550,320




(129,799)
329,737
90.784
420,521|| ||||
|| The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 July 2021: - The company was entitled to exemption from audit under section 477 of the Companies Act 2006 (“the Act”) - Members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However in accordance with section 145 of the Charities Act 2011, the accounts have been examined by an Independent Examiner whose report appears on page 5. The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of accounts. These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime. The accounts were approved and authorised for issue by the Board on 31 May 2022 and signed on behalf of the Board of trustees by: H G PHUA Trustee Company no : 07323872 ( England 7 Wales ) **CONFUCIUS & TAO ASSOCIATION (UK)** **(A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY)** **NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 8 ## **1. ACCOUNTING POLICIES** ## **(a) Basis of preparation of accounts** The financial statements have been prepared under the historical cost convention and comply with the Companies Act 2006. They are prepared in sterling which is the functional currency of the charity. The financial statements have been prepared in accordance with the Statement of Recommended Practice and Reporting by Charities - SORP FRS102, the Financial Reporting Standard applicable in the United Kingdom and the Republic of Ireland. ## **Going Concern** The trustees have the considered the going concern of the charity particularly in the light of the pandemic and its impact on cashflows. They have come to the conclusion that the charity has adequate resources to continue in business for the next 12 months. ## **(b) Incoming resources** Income representing the value of gifts, donations and contributions from members is recognised in full in the Statement of Financial Activities when receivable. ## **(c) Resources expended** Resources expended include attributable VAT which cannot be recovered ## **(d) Unrestricted and Restricted Funds** Unrestricted funds are donations and other income receivable or generated for the charity without a specified purpose and are available for the general use of the charity. Restricted Funds are funds subject to specific restrictions imposed by donors or by the purpose of the appeal. The purpose and use of the restricted funds is set out in the notes to these accounts. ## **(e) Depreciation** Depreciation is provided at rates calculated to write off the costs of fixed assets, less their residual value, over their expected useful lives on the following basis: Freehold buildings 5% straight line Fixtures and equipment 25% reducing balance ## **(f) Foreign exchange** Transactions in respect of donations from overseas, denominated in foreign currencies are translated into sterling and recorded at the rate of exchange ruling at the date of the transaction. Balances at the year end denominated in a foreign currency are translated into sterling at the rate of exchange at the balance sheet date. **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 9 ## **2** . **TANGIBLE FIXED ASSETS** |

**Cost**
At beginning of year
Additions during year
__
Cost at end of year

**Depreciation**
At beginning of year
Charge for year

At end of year
**Net Book Value**
31 July 2021
31 July 2020
|**Freehold**
**Fixtures and**
**Property**
**Equipment**
**£**
**£**
829,536
80,991

-
-
_____
_____
__
829,536
80,991
248,862
66,161

41,477
3,707

______
_____

290,339
69,860

539,197
11,123
580,674
14,830|**Total**
**£**
910,527
-
____
910,527
315,023
45,184
______
360,207
550,320
595,504|**Total**
**£**
910,527
-
____
910,527
315,023
45,184
______
360,207
550,320
595,504| |---|---|---|---| ||||| ||||595,504| ## **3** . INCOMING RESOURCES |Unrestricted donations
Sale of donated and other goods

Tea Bar
Gift Aid recoverable
Uniforms

Total unrestricted incoming resourcese

Bank interest receivable - restricted
Total Incoming resources|2021
£
64,442
7,757
392
5,520
-
______
78,111
47
78,158|2020
£
37,525
17,043
2,046
5,568
88
______
62,270
54
62,324| |---|---|---| |||
| ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS For the year ended 31 July 2021** PAGE 10 |**4. RESOURCES EXPENDED**
**Raising funds:**
Cost of goods sold
Tea Bar

**Charitable activities**
Meetings, events and seminar expenses
Support costs:
Utilities
Insurance
Professional Fees
Printing & Stationery
General Expenses & office costs
Governance costs
Total cost of charitable activities ( unrestricted )
Depreciation of Freehold buildings ( restricted )
Depreciation of Fixtures and Equipment ( restricted)
Total cost of charitable activities
**5. GOVERNANCE COSTS**
Independent Examiner’s Fee ( including VAT )|2021
£
5,816
787
-------
6,603
-
7,442
1,705
100
-
2,933
960
______
13,140
41,477
3,707
______
64,927
2021
£
960|2020
£
13,147
2,319
--------
15,466
782
12,334
1,591
26
70
3,991
960
_____
19,754
41,477
8,099
______
84,796
2020
£
960| |---|---|---| ## **6 TRUSTEES’ REMUNERATION** The trustees are not remunerated and no expenses were claimed by the trustees during the year. ## **7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR** |Prepayment
Gift Aid recoverable
**8. CASH AT BANK**
Cash at Bank- Current account
Cash at Bank- Savings account|2021
£
-

5,520
2020
£
34,722
21,799
56,521|2020
£
774
10,966
2019
£
18,730
31,110| |---|---|---| |||49,840| ## **CONFUCIUS & TAO ASSOCIATION (UK) (A COMPANY LIMITED BY GUARANTEE WITH NO SHARE CAPITAL AND A REGISTERED CHARITY) NOTES TO THE ACCOUNTS** **For the year ended 31 July 2021** PAGE 11 **_______________________________________________________________________________** |**9**.**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2021
£
Accruals
1,060
**10.LOANS**
2021
£
Loans to assist with the purchase of a building for use of the charity
and improvements to building afterwards190,780|2020
£
960
2020
£
248,774| |---|---| The above loans have been provided by supporters of the charity on an interest free basis. No repayment terms have been fixed as this will be mutually decided and applied at the appropriate date. |**11. RESTRICTED FUNDS**
2021
£
**BUILDING FUND**
At beginning of year
135,921
Net increase in year
47
Depreciation of buildings and Fixtures & Equipment
for year
(45,184)
_______

At end of year
90,784
|2020
£
185,443
54
(49,576)
______
135,921| |---|---| ## **12. CONTROL** The charitable company was controlled during the year by the board of directors/trustees. ## **13. RELATED PARTIES TRANSACTIONS** Donations were received from the Trustees during the year. Apart from this there were no other related parties transactions during the year. ## **14. EMPLOYEES** The charity did not have any employees during the period under review