2021-03-31-accounts - The White Eagle Lodge

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Contents
Reference and Administrative Details
Report ofthe Trustees		4-15
Statement ofTrustees'	Responsibilities	16
Report ofthe Independent Auditors		17-20
Statements ofFinancial	Activities	21-22
Balance Sheet		23
Cash Flow Statement		24
Notes to the Cash Flow	Statement	25
Notes to the Financial Statements		26-35

Trustees					Jason Adam Wilson
					Linda Cohen
					Annette Jill Wilday
					Beckett Fish
					Andrew James Busby (appointed		8th February 2021)
Principal	Office				Newlands
					Brewells Lane
					Liss
					Hampshire
					GU33 7HY
The charity		is incorporated		in England	and Wales
Company	registration		number		08645252
Charity registration			number		1156336
Auditor					Morris Crocker
					Station House
					North Street
					Havant
					Harn ps hire
					PO9 1QU
Principal	Banker				Royal Bank ofScotland
					49-50 Charing Cross
					Westminster
					London
					SW1A 2DX
Independent		Fund Manager			Sarasin lk Partners	LLP
					Juxton House
					100St Pauls Churchyard
					London
					EC4M BBU

							2021	2020
				Unrestncted	Restncted	Endowment
		Notes		Funds	Funds	Funds	Total Funds	Total Funds
				6	f	f	f	6
INCOME AND ENDOWMENTS		FROM
Donations and legacies				148,343	104,005		252,348	383,414
Charitable activities				174,538			174,538	232,785
Investment income				5,064		281,944	287,008	393,686
Other income				120			120	1,584
Total				328,065	104,005	281,944	714,014	1,011,469
EXPENDITURE ON
Raising funds						(111,312)	(111,312)	(106,066)
Charitable activities				(593 903)	(47,548)	—	(641,451)	(828,792)
Tote I				(593,903)	(47,548)	(111,312)	(752,763)	(934,858)
Loss on disposal oftangible	fixed assets					(350,000)	(350,000)
Gains/(losses) on investment		assets	13			3,927,563	3,927,563	86,481
NET (EXPENDITURE)/INCOME				(265,838)	56,457	3,748,195	3,538,814	163,092
Transfers between funds			16	(30,000)	30,000
NET MOVEMENT IN FUNDS				(295,838)	86,457	3,748,195	3,538,814	163,092
RECONCILIATION OF FUNDS
Tata Ifunds brought forward				2,091,556	1,547,717	21,290,715	24,929,988	24,766,896
TOTAL FUNDS CARRIED FORWARD				1,795,718	1,634,174	25,038,910	28,468,802	24,929,988
CONTINUING OPERATIONS
All income and expenditure	has arisen from continuing		activities.
The funds breakdowns for 2020 and 2021are shown			in note 16

							2020	2019
				Unrestricted	Restricted	Endowment
		Notes		Funds	Fulids	Funds	Total Funds	Tote)Funds
					E	6	6	E
INCOME AND ENDOWMENTS		FROM
Donations and legaoes				271,856	111,558		383,414	922,009
Chantable activities				232,685	100		232,785	242,119
Investment income				9,936		383,750	393,686	413,843
Other income				1,584			1,584	15,365
Tote I				516,061	111,658	383,750	1,011,469	1,593,336
EXPENDITURE ON
Raismg funds				0		l106,066)	(106,066)	(79,628)
Charitable activities				(743,131)	(835)	(84,826)	(828,792)	(753,016)
Total				(743,131)	(835)	(190,892)	(934,858)	(832,644)
Gains/(losses) on investment		assets	13			86,481	86,481	1,230,788
NET (EXPEIIIDITURE)/INCOME				(227,070)	110,823	279,339	163,092	1,991,480
Transfers between funds			16	(51,517)	51,517
NET MOVEMENT IN FUNDS				(278,587)	162,340	279,339	163,092	1,991,480
RECONCILIATION OF FUNDS
Total funds brought forward				2,370,143	1,385,377	21,011,376	24,766,896	22,775,416
TOTAL FUNDS CARRIED FORWARD				2,091,556	1,547,717	21,290,715	24,929,988	24,766,896
CONTINUING OPERATIONS
All income and expenditure	has ansen from continuing		activities.
the funds breakdowns for 2019 and 2020 are shown			in note 16

					31MARCH	31MARCH
					2021	2020
					E	f
			Notes
FIXEDASSETS
Tangible Assets				12	3,917,482	3,983,287
Investments				13	19,201,526	18,516,200
					23,119,008	22,499,487
CURRENT ASSETS
Stocks					25,728	25,728
Debtors					37,588	31,393
Cash at Bank					5,331,415	2,433,422
					5,394,731	2,490,544
CREDITORS
Amounts falling due within one year				15	f44,937)	(60,042)
NET CURRENT ASSETS					5,349,794	2,430,501
NET ASSETS					28,468,802	24,929,988
FUNDS
Unrestricted	funds			16	1,795,718	2,091,556
Endowment	funds			16	25,038,910	21,290,715
Restricted funds				16	1,634,174	1,547,717
SHAREHOLDERS'		FUNDS			28,468,802	24,929,988

CASH FLOW STATEMENT	FOR	THE YE	AR	EN	DED 31MARC	H 2021
						31MARCH	31MARCH
						2021	2020
						E	E
					Notes
Cash flows from operating	activities:
Cash generated from operations					2	(226,462)	(126,729)
Cash flows from investing	activities
Purchase oftangible fixed	assets				12	(293,478)	(254,844)
Interest received					5	5,064	9,936
Purchase of investments					13	(5,664,243)	(8,119,490)
Sale ofinvestments						8,678,594	7,714,544
Cash into/(out of) endowment		funds	from
the acquisistion and disposal of
investments						398,517	192,858
Net cash provided by (used in)		investing		activities		3,124,454	(456,996)
Change in cash and cash equivalents			in the		reporting
period						2,897,993	(583,725)
Cash and cash equivalents	at the beginning				ofthe
reporting period						2,433,422	3,017,147
Cash and cash equivalents	at the end		ofthe
reporting period						5,331,415	2,433,422

					31MARCH	31MARCH
					2021	2020
					f	E
Net income (expenditure)			for	the reporting
period (as per the	statement			offinancial
activities)					3,538,814	163,092
Adjusments for:
Depreciation charges					9,283	7,134
(Gains)/Losses on investments					(3,699,678)	(86,481)
Movements in endowments					(398,517)	(192,858)
Interest received					(5,064)	(9,936)
(Increase)/decrease		in stocks				1,112
(Increase)/Decrease		in debtors			(6,195)	(499)
Increase/(Decrease)in		creditors			(15,105)	(8,293)
Loss on disposal oftangible			fixed assets		350,000
Net cash provided	by (used in) operating
activities					(226,462)	(126,729)

Asset class			Depreciation	method
Freehold property and improvements			Not provided
Plant and machinery			201' on cost
Fixtures and fittings			201' on cost
Website			3316on cost
Computer equipment			33N oil cost
Assets under construction	have not been	depreciated	as they were not ready for use	at the year end.

INCOME FROM DONATIONS AND LEGACIES
	Unrestricted	Restricted
	funds	funds	Total 2021	Total 2020
Legacies	68,294	10,003	78,297	188,913
Collections				17,419
Healing donations	10,335		10,335	11,585
General donations	47,761	13,017	60,778	54,970
Gift aid reclaimed	619		619	13,890
Grants	21,334	52,548	73,882
Bricks of Light Temple appeal		28,437	28,437	96,636
	148,343	104,005	252,348	383,413

						Unrestricted	Restricted
						funds	funds	Total 2021	Total 2020
Membership						55,867		55,867	54,724
Astrology						6,528		6,528	4,348
Publishing						37,293		37,293	22,625
Rental						77,619		77,619	76,114
Ylana Fund									100
Studentfees						(2,8011		(2,801)	72,970
Royalties									1,850
Africa appeal						32		32	54
						174,538		174,538	232,785
INVESTMENT INCOME
						Unrestricted	Endowment
						funds	funds	Total 2021	Total 2020
Dividends	receivable						281,944	281,944	383,750
Interest receivable						5,064		5,064	9,936
						5,064	281,944	287,008	393,686
RAISING FUNDS
						Unrestricted	Endowment
						funds	funds	Total 2021	Total 2020
Porffoiio management			costs				(111,312)	(111312)	(106,066)
							(111,312)	(111,312)	(106,066)
CHARITABLE ACTIVITIES COSTS
					Unrestricted	Restricted	Endowment
					funds	funds	funds	Total 2021	Tote I 2020
White Eagle teachings			and spiritual	work	(576,907)	(47,548)		(624,455)	(725,999)
Allocated support		and	governance	costs	(16,996)		0	(16,996)	(102,793)
					(593,903)	(47,548)	0	(641,451)	(828,792)
SUPPORT	COSTS
							Unrestricted
							funds	Total 2021	Total 2020
Current auditors		audit	fees				(7,800)	(7,800)
Previous auditors		audit	fees				(4,288)	(4,288)	(12,200)
Legalfees							(4,908)	(4,908)	(5,767)
							(16,996)	(16,996)	(17,967)

6	Dividends receivable Interest receivable RAISING FUNDS Porffoiio management costs

NET INCOMING/OUTGOING	NET INCOMING/OUTGOING
		2021	2020
Current auditors	audit fees	(7,800)
Previous auditors	audit fees	(4,288)	(12,200)
Depreciation -owned assets		(9,283)	(7,134)
		(21,371)	(19,334)

		2021	2020
Wages	and salaries	(281,471)	(298,040)
Social	security costs	(26,313)	(20,186)
Other	pension costs	(4,982)	(3,732)
		(312,766)	(321,958)

2021	2020
15	15

	Land &	Fixtures gr	Assets under	Computer	Plant!k
	Buildings	Fittings	Construction	Equipment	Machinery	Website	Iotal
COST
At 1April 2020	3,504,600	35,052	455,978	3,251	2,171		4,001,052
Additions		539	269,457	7,234		16,248	293,478
Disposals	(350,000)						(350,000)
At31March 2021	3,154,600	35,591	725,435	10,485	2,171	16,248	3,944,530
DEPRECIATION
At 1April 2020		(14,029)		(1,565)	(2,171)		(17,765)
Charge for the year		(7,026)		(2,257)			(9,283)
Eliminated on disposal
At 31March 2021		(21,055)		(3,822)	(2,171)		(27,048)
NET BOOK VALUE
At 1April 2020	3,504,600	21,023	455,978	1,686			3 983287
At 31March 2021	3,154,600	14,536	725,435	6,663		16,248	3,917,482

FIXEDASSET INVESTMENTS
	2021	2020
Investment properties	2,604,719	2,594,819
Listed investments	16,596,807	15,921,381
	19,201,526	18,516,200
Cost or valuation	2021	2020
At 1April	2,594,819	2,127,628
Additions	9,900	467,191
At31March	2,604,719	2,594,819
Net book value	2021	2020
At 1April and 31Ma rch	2,604,719	2,594,819

The original purchase cost and the value ofsubsequent	The original purchase cost and the value ofsubsequent	property at the	year end
as follows:
			2021
Cost			760,629
Revaluations			1,844,090
			2,604,719
Other investments
		Listed
		investments
Cost or valuation	at 1April 2020	15,921,381
Revaluation		3,533,923
Additions		5,654,342
Disposals		(8,512,839)
Cost or valuation	at31March 2021	16,596,807

									2021	2020
Trade creditors									(27,288)	(44,059)
Social security and other			taxes						(7,367)	(6,881)
Other creditors										(1,102)
Accruals									(10,282)	(8,000)
									(44,937)	(60,042)
Deferred income, included in other creditors, comprises monies received						in advance for	courses and retreats		held after the year end:
									2021	2020
Brought forward	at1	April							(1,102)	(7,993)
Amount released	to incoming resources								1,102	7,993
Amount deferred	in year									(1,102)
Ca mad forward	at31March									(1,1021
FUNDS
									Other
					Incoming	Resources			recognised	At 31March
				At 1April 2020	resources	expended	Transfers	gams/(losses)		2021
Unrestdicted funds
General fund				1,231,598	273,138	(573,726)	(30,000)			901,010
General fund property		reval reserve		263,255						263,255
Londonlegaaes				10,238	1,384					11,622
Other legacies				561,155	53,544	(19,728)	(20,000)			574,971
Regional centre	fund			4,860						4,860
Building Maintenance		Fund		20,000			20,000			40,000
Japan Fund				450		(450)
				2,091,556	328,066	(593,904)	(30,000)			1,795,718
Restricted funds
Alina				386,497						386,497
Alina property reval reserve				167,592						167,592
Ylana fund				8,976						8,976
External grants				66,620	5,000					71,620
Retreat bursary	fund			5,312						5,312
Bricks of Light Temple		Fund		407,493	28,437		30,000			465,930
South West property		fund		447,000						447,000
London legacies				58,227						58,227
Regional centre	legacies-		North West		10,003					10,003
Temple landscaping					3,254					3,254
Jeremy's Jump					9,763					9,763
Coronavirus Job	Retention Scheme				47548	(47,548)
				1,547,717	104,005	(47,548)	30,000			1,634,174
Endowment funds
Permanent endowment			fund	17,874,773	281,944	(111,312)			3,927,563	21,972,968
Endowment property		reval reserve		3,415,942					(350,000)	3,065,942
				21,290,715	281,944	(111,312)			3,577,563	25,038,910
TOTAL FUNDS				24,929,988	714,016	(752,764)			3,577,563	28,468,802

							Other
				Incoming	Resources		recognised	At 31March
			At1April 2019	resources	expended	Transfers	gains/(losses)	2020
Unrestricted funds
General fund			1,458,812	512,611	(739,825)			1,231,598
General fund property		revel reserve	263,255					263,255
London legaoes			56,755			(46,517)		10,238
Other legacies			586,321		(2,166)	(23,000)		561,155
Regional centre fund			5,000	3,000	(1,140)	(2,000)		4,860
Building Maintenance		fund				20,000		20,000
Japan fund				450				450
			2,370,143	516,061	(743,131)	(51,517)		2,091,556
Restricted funds
Ahna			386,497					386,497
Alina property reval reserve			167,592					167,592
Ylana fund			8,876	100				8,976
External grants			66,620					66,620
Retreat bursary fund			4,339	1,808	(835)			5,312
Bricks of Light Temple		Fund	304,453	103,040				407,493
South West property	fund		447,000					447,000
London legaoes				6,710		51,517		58,227
			1,385,377	111,658	(835)	51,517		1,547,717
Endowment funds
Permanent endowment		fund	17,595,434	383,750	(190,892)		86,481	17,874,773
Endowment property		reval reserve	3,415,942					3,415,942
			21,011,376	383,750	(190,892)		86,481	21,290,715
TOTALFUNDS			24,766,896	1,011,469	(934,858)		86,481	24,929,988

		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total Funds
Unrestricted funds
Tangible	fixed assets	312,448	725,434	2,879,600	3,917,482
Fixed asset mvestments			777,091	18,424,435	19,201,526
Current	assets	1,528,207	131,649	3,734,875	5,394,731
Current	liabilities	(44,937)			(44,937)
		1,795,718	1,634,174	25,038,910	28,468,802