2022-03-31-accounts - The White Eagle Lodge

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	Page
Report ofthe Trustees	1 io	12
Report ofthe Independent Auditors	13 to	16
Statement ofFinancial Activities
Balance Sheet
Cash Flow Statement
Notes tothe Cash Flow Shttement	20
Notes tothe Financial Statements	21 to	34

			STATEMENT OF	STATEMENT OF	FINANCIAL	ACTIVITIES
	(INCORPORATING			AN INCOME AND EXPENDITURE ACCOUNT)
			FORTHE YEAR		ENDED 31 MARCH 2022
							2022	2021
			Unrestricted		Restricted	Endowment	Total	Total
				funds	funds	funds	funds	funds
			Notes	6	2	6
INCOME AND
ENDOWMENTS FROM
Donations and legacies			2	259,142	36,468		295,610	252,348
Charitable activities
White Eagle teachings		and
spiritual work				98,102			98,102	96,919
investment income Other income			3	79,589		304,630	384,219	364,627 120
Total				436,833	36,468	304,630	777,931	714,014
EXPENDITURE ON
Raising funds						120,409	120,409	111,312
Charitable activities
White Eagle teachings		snd
spiritual work				64?,841			647,841	641,451
Total				647,841		120,409	768,250	752,763
Net gains/(losses)	on
investments			(100.000)		67,909	1,592,484	1,560,393	3,577,563
NET
INCOME/(EXPENDITURE) Transfers between funds			(311,008) 19 475,195		104,377 (475,195)	1,776,705	1,570,074	3,538,814
Net movement in	funds			164,187	(370,818)	1,776,705	1,570,074	3,538,814
RECONCILIATION	OF
FUNDS
Total funds brought	forward		1,795,718		1,634,174	25,038,910	28,468,802	24,929,988
TOTAL FUNDS CARRIED
FORWARD			1,959,905		1,263,356	26,815,615	30,038,876	28,468,802

	THE WHITE EAGLE LODGE
	BALANCE SHEET
	3'l MARCH 2022
		2022	2021
	Notes	6	5
FIXEDASSETS
Tangible assets Investments	12	6,976,093	3,917,482
Investments Investment properly	13 14	16,518,444 3,025,000	16,596,807 2,604,719
		26,519,537	23,119,008
CURRENT ASSETS
Stocks Debtors Cash at bank and in hand	15 16	19,560 35,898 3,820,380	25,728 37,588 5,331,415
		3,875,838	5,394,731
CREDITORS
Amounts falling due within one year	17	{356,499)	(44,937)
NET CURRENT ASSETS		3,519,339	5,349,794
TOTAL ASSETSLESSCURRENT
LIABILITIES		30,038,876	28,468,802
NETASSETS		30,Q38,876	28,468,802
FUNDS	19
Unr stricted funds Restricted hinds Endowment funds		1,959,905 1,263,356 26,815,615	1,795,718 1,634,174 25,038,91Q
TOTAL FUNDS		30,038,8?6	28,468,802

FOR	THE YEAR ENDE	D 31 INARCH 2022
		2022	2021
	Notes
Cash flows from operating activities
Cash generated from operations	1	(747,901)	2,152,901
Net cash (used in)/provided by operating	activities	(747,901)	2,152,901
Cash flows from investing activities
Purchase oftangible fixed assets Purchase offixed asset investments Purchase ofinvestment property Sale offixed asset investments Interest received Dividends received		(3.289,128) (2,706,441) 4,741,473 2,111 304,630	(293,478) (5,654,342) (9,900) 8,678,594 5,064 281,944
Net cash (used in)/provided by investing	activities	(947,355)	3,007,882
Cash flows from financing activities
income attributable to endowment		304,630	281,944
Expenditure atlribulable to endowment		(120,409)	(111,312)
Net cash provided by financing activiTies		184,221	170,632
Change in cash and cash equivalents
in the reporgng period Cash and cash equivalents atthe		(1,511,035)	5,331,415
beginning ofthe mporting period		5,331,415
Cash and cash equivalents at the end
ofthe reporting period		3,820,380	5,331,415

	NOTES TO THE CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2022	NOTES TO THE CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2022	NOTES TO THE CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2022	NOTES TO THE CASH FLOW STATEMENT FOR THEYEAR ENDED 31 MARCH 2022
	RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIYITIES
			2022	2021
				6
	Net income forthe reporting	period (as per the Statement of
	Financial Activities) Adjushnents for:		1,570,074	3,538,814
	Depreciation charges Gain on investments Loss on disposal offixed assets Interest received DMdends received Income atbibutable toendowment Expenditure attributable to endowment Decrease in stocks Decreasel(increase) in debtors increase in creditors		10,817 (2,157,250) (2,111) (304.630) (304,630) 120,409 6,168 1,690 311,562	9,283 (3,699,678) 350,000 (5,064) (281.944) (281,944) 111,312 (6,195) 2,418,317
	Net cash (used in)lprovided	by operations	(747,901)	2,152,901
2.	ANALYSIS OF CHANGES IN	NET FUNDS
		At 1.4.21	Cash flow	At31.3.22
	Net cash	6		f.
	Cash at bank and in hand	5,&1,415	(1,511,035)	3,820,380
		5,331„415	(1„511,035)	3,820,380
	Total	5,331,415	(1,511,035)	3,820,380

Asset dass Freehold property and improvements Plant and machinery	Asset dass Freehold property and improvements Plant and machinery	Depreciation Not provided 20%on cost	method
Fixtures and fittings		20%on cost
Websits		33%on cost
Computer equipment		33%on cost
Assets under construction	have not been depreciated as		they were not ready for use at year end.

	Grants received, included	in the above, are as follow	s:
					2022	2021
					8
	East Hampshire DC Leeds City Council Truemark Trust Job retention scheme				2,271	10,000 11,344 5,000 47,538
					2,271	73,882
3.	INVESTMENT INCOME
					2022	2021
	Rents received Dividends receivable Interest receivable				8 77,478 304,630 2,111	F 77,619 281,944 5,064
					384,219	364,627
	All investment income is	derived from assets held in	the United	Kingdom.
	INCOME FROIN CHARITABLE ACTIVITIES
					2022	2021
		Activity			F
	Membership Astrology Publishing Student fees Africa appeal Retreats	White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings White Eagle teachings	and spiritual and spiritual and spiritual and spiritual and spiritual and spiritual	work work work work work work	49,674 5,961 39,506 2,961	55,867 6,528 37,293 (2,801) 32
					98,102	96,919
5.	RAISING FUNDS
	Investment management	costs
					2022	2021
	Portfolio management				120.409	8 111,312

6.	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS	CHARITABLE ACTMTIES COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
						8		F
	White Eagle teachings		and spiritual
	work					637,257	10,584	647,841
7.	SUPPORT COSTS
								Governance
								costs
	White Eagle teachings		and spiritual		work			10,584
	Support	costs, included		in the above, are as follows:
	Governance costs
							2022	2021
							White
							Eagle
							teachings
							and
							spiritual	Total
							work	actlvi5es
							8	F
	Auditors'	remunera8on					8,700	7,800
	Auditors'	remunera8on	for non audit
	work						1,800
	Auditom'	remuneration		-previous
	auditom							4,288
	Legal fees							4,908
								16,996
8.	NET INCOMEI(EXPENDITURE)
	Net incomel(expenditure)			isstated after charging/(crediting):
							2022	2021
								8
	Auditors'	remuneration					8,700	7,800
	Other non-audit senrices						1,800
	Depreciation - owned		assets				10,817	9,283
	Auditors'	remunerafion		-previous auditors				4,288

				Unrestricted	Restdcted	Endowment	Total
				funds	funds	funds	funds
				6	6		6
INCOME AND ENDOWMENTS FROM
Donations	and legacies			148,343	104,005		252,348
Charitable	activittes
White Eagle teachings		and spiritual	work	96,919			96,919
Investment	income			82,683		281,944	364,627
Other income				120			120
Total				328,065	104,005	281,944	714,014
EXPENDITURE ON
Raising funds						111,312	111,312
Charitable	activities
White Eagle teachings		and spiritual	work	593,903	47,548		641,451
Total				593,903	47,548	111,312	752,763
Net gains	on investments					3,577,5i63	3,577,563
				Page 25			continued. ..

11.	COMPARATIVES FORTHE STATEMENT	COMPARATIVES FORTHE STATEMENT	OF FINANCIAL	ACTIVITIES -continued	ACTIVITIES -continued
			Unrestricted	Restricted	Endowment	Total
			funds	funds	funds	funds
					6
	NET iNCOMEI(EXPENDITURE)		(265,838)	56,457	3,748,195	3,538,814
	Transfers between	funds	(30,000)	30,000
	Net movement in funds		(295,838)	86,457	3,748,195	3,538,814
	RECONCILIATION	OF FUNDS
	Total funds brought	forward	2,091,556	1,547,717	21,290,715	24,929,988
	TOTAL FUNDS CARRIED FORWARD		1,795,718	1,634,174	25,038,910	28,468,802
12.	TANGIBLE FIXEDASSETS
					Assets
				Freehold	under	Plant and
				property	construction	machinery
				E	6	5
	COSTORVALUATION
	At 1 April 2021			3,154,600	725,435	2,171
	Additions				3,249,566	879
	Revaluations			(219,700)
	At 31 March 2022			2,934,900:3,975,001		3,050
	DEPRECIATION
	At 1 April 2021					2,171
	Charge foryear					43
	At 31 March 2022					2,214
	NET BOOK VALUE
	At 31 March 2022			2,934,900	3,975,001
	At 31 March 2021			3,154,600	725,435

		Listed
MARKET VALUE		investments f
At 1 April 2021 Additions Disposals Revaluations		16,596,807 2,706,441 (4,741,473) 1,956,669
At31 March 2022		16,518,444
NET BOOKVALUE
At31 March 2022		16,518,444
At31 March 2021		16,596,807
There were no investments	assets held outside the UK.

	Listed
	investments
Valuation in 2022	16,518,444
INVESTMENT PROPERTY
FAIR VALUE
At 1April 2021 Revaluation	2,604,719 420,281
At 31 March 2022	3,025,000
NET BOOKVALUE
At31 March 2022	3,025,000
At31 March 2021	2,604,719

DEBTORS:A	MOUNTS FALLING DUE WITHIN ONE YEAR
Trade debtors Other debtors Prepayments	and accrued income	2022 f 6,071 8.502 21,325	2021 4,572 15,000 18,016
		35,898	37,588
CREDITORS:	AMOUNTS FALLING DUE WITHIN ONE YEAR
		2022	2021
Trade creditors Social security and other taxes Other creditors Accrued expenses		46,424 5,579 3,349 301,147	27,288 6,184 1,183 10,282
		356,499	44,937

				2022	2021
	Unrestricted	Restricted	Endowment	Total	Total
	funds 5	funds 2	funds 6	funds	funds
Fixed assets Investments Current assets Current liabilities	241,192 1,815,862 (97,149)	845,000 4'I8,356	6,734,901 18,698,444 'l,641,620 (259,350)	6,976,093 19,543,444 3,875,838 (356,499)	3,917,482 19,201,526 5,394,731 (44,937)
	1,959,905	1,263,356	26,815,615	30,038,876	28,468,802

MOVEMENT IN FUN	D	S
					Net	Transfers
					movement	between	At
				At 1.4.21	in funds 9	funds 5	31.3.22 f
Unrestricted funds
General fund				901,010	(361,315)	540,491	1,080,186
General fund properly		revaluation
reserve				263,255	(100,000)		163,255
London legacies				11,622	90		11.712
Other legacies				574,971	146,910	(56,3?6)	665,505
Regional centre fund				4,860			4,860
Building maintenace	fund			40,000		(8,920)	31,080
Africa fund					3,307		3,307
Restricted funds				1,795,718	(311,008)	475,195	1,959,905
Alina				386,497			386,497
Alina property revaluation			reserve	167,592	67,909		235,501
Ylana fund				8,976	85		9,061
External grants Retreat bursary fund				71,620 5,312		(71,620)	5,312
Bricks oflight temple South West properly	fund fund			465,930 447.000	34,840	(400,000)	100,770 447,000
Londonlegacies				58,227			58,227
Regional centre legacies			- North West	10,003			10,003
Temple landscaping Jerermfsjump				3,254 9,763	421 1,122	(3,575)	100 10,885
				1,634,174	104,377	(475,195)	1,263,358
Endowment funds
Permanent endowment		fund		21,972,968	1,543,933		23,516,901
Endowment property	revaluation
reserve				3,065,942	232,772		3,298,714
				25,038,910	1,776,705		26,815,615
TOTALFUNDS				28,468,802	1,570,074		30,038,876

Net movement in fun	s, i	nduded in the	above are as follow	s:
			Incoming	Resources	Gains and	Movement
			resources 8	expended	losses	in funds
Un estricted funds
General fund General fund properly	revaluation		284,361	(645,6?6)		(361,315)
reserve London legacies Other legacies Africa fund			90 149,0?5 3,30?	(2,165)	(100,000)	(100,000) 90 146,910 3,307
Restricted funds			436,833	(647,841)	(100„000)	(311,008)
Alina property revaluation Ylana fund Bricks oflight temple fund Temple landscaping Jeremy's jump		reserve	85 34,840 421 1,122		67,909	67,909 85 34,840 421 1,122
Endowment funds			36,468		67,909	104,3?7
Permanent endowment fund Endowment property revaluation			304,630	(120,409)	1,359,712	1,543,933
reserve					232,772	232,772
			304,630	(120,409)	1,592,484	1,776,705
TOTAL FUNDS			777,931	(?68,250)	1,560,393	1,570,074

Comparaiives for m	o	vem	ent in funds
					Net	Transfers
					movement	between	At
				At 1.4.20	in funds	funds	31.3.21
					F	8	5
Unrestricted funds
General fund				1,231,598	(300,588)	(30,000)	901,010
General fund property		revaluation
reserve				263,255			263,255
Londonlegacies				10,238	1,384		11,822
Other legacim				561,155	33,816	(20,000)	574,S71
Regional centre fund							4,860
Building maintenace	fund			20,000		20,000	40,000
Japan fund				450	(450)
Restricted funds				2,091,556	(265,838)	(30,000)	1,795,718
Alina				386,497			386,497
Alina properly revaluation			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 oflight temple	fund			407,493	28,437	30,000	465,930
South West property	fund			447,000			44T,000
London legacies Regional centre legacies-			North West	58,227	10,003-		58,227 10,003
Temple landscaping Jeremy's jump					3,254 9,763		3,254 9,763
				1,547,717	56,457	30,000	1,834,174
Endowment funds
Permanent endowment		fund		17,874,7T3	4,098,195		21,972,968
Endowment property	revaluation
reserve				3,415,942	(350,000)		3,065,942
				21,290,715	3,748,195		25,038,9'I0
TOTAL FUNDS				24,929,988	3,K&,814		28,468,802

MOVEMENT IN FUNDS - c	ontinued
Comparative net movemsnt	in funds, included	in the above	are as follows:
		Incoming	Resources	Gains and	Movement
		fesouI ces	expended	losses	in funds
Unrestricted funds		F	F	6	F
General fund London legacies Other legacies Japan fund		273,137 1,384 53,544	(573,725) (19,728) (450)		(300,588) 1,384 33,816 (450)
Restricted funds		328,065	(593,903)		(265,838)
External grants Bricks oflight temple fund Regional centre legacies - North West Temple landscaping .Jeremy's jump Coronavirus Job Reten6on Scheme		5,000 28.437 10,003 3,254 9,763 47,548	(47,548)		5,000 28,437 10,003 3,254 9,763
Endowment funds		104,005	(47,548)		56,457
Permanent endowment fund Endowment property revaluation		281,944	(111,312)	3,927,563	4,098,195
reserve				(350,000)	(350,000)
		281.944	(111,312)	3,577,563	3,748,195
TOTAL FUNDS		714,014	(752,763)	3,577,563	3,538,814