##
||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|and rate|
|---|---|---|---|---|
|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|d|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|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##