|||Page|| |---|---|---|---| |Report ofthe Trustees|I|to|13| |Report ofthe Independent
Auditors-|14 to||17| |Statement ofFinancial Activities||18|| |Balance Sheet||19|| |Cash Flow Statement||20|| |Notes to the Cash Flow Statement||21|| |Notes tothe Financial Statements|22|to|34| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||||2023|2022| |---|---|---|---|---|---|---|---| ||||Unrestdicted|Restricted|Endowment|Total|Total| ||||funds|funds|funds|funds|funds| |||Notes|||6|6|6| |INCOME AND|||||||| |ENDOWMENTS
FROM|||||||| |Donations
and legacies||2|34,685|123,872||158,557|295,610| |Charitable
activities|||||||| |White Eagle teachings
spiritual
work|and||126,414|||126,414|98,102| |Investment
income||3|99,206||320,618|419,824|384,219| |Total|||260,305|123,872|320,618|704,795|777,931| |EXPENDITURE ON|||||||| |Raising funds|||||106,170|106,170|120,409| |Charitable activities||6|||||| |White Eagle teachings
spiritual
work|and||937,928|||937,928|647,841| |Total|||937,928||106,170|1,044,098|768,250| |Net gains/(losses)
on
investments|||(348,380)||(4,797,256)|(5,145,636)|1,560,393| |NET|||||||| |INCOME/(EXPENDITURE)|||(1,026,003)|123,872|(4,582,808)|(5,484,939)|1,570,074| |Transfers between funds||19|235,627|(235,627)|||| |Net movement
in funds|||(790,376)|(111,755)|(4,582,808)|(5,484,939)|1,570,074| |RECONCILIATION
OF|||||||| |FUNDS|||||||| |Total funds brought
forward|||1,959,905|1,263,356|26,815,615|30,038,876|28,468,802| |TOTAL FUNDS CARRIED|||||||| |FORWARD|||1,169,529|1,151,601|22,232,807|24,553,937|30,038,876| ## ||BALANCE SHEET||| |---|---|---|---| ||31 MARCH 2023||| |||2023|2022| ||Notes||| |FIXEDASSETS|||| |Tangible assets|12|6,005,751|6,976,093| |Investments|||| |Investments|13|14,020,369|16,518,444| |Investment
property|14|3,025,000|3,025,000| |||23,051,120|26,519,537| |CURRENT ASSETS|||| |Stocks|15|23,699|19,560| |Debtors|'i6|20,167|35,898| |Cash at bank and in hand||1,503,319|3,820,380| |||1,547,185|3,875,838| |CREDITORS|||| |Amounts
falling due within one year|17|(44,368)|(356,499)| |NET CURRENT ASSETS||1,502,817|3,519,339| |TOTAL ASSETS LESSCURRENT|||| |LIABILITIES||24,553,937|30,038,876| |NET ASSETS||24,553,937|30,038,876| |FUNDS|19||| |Unrestricted
funds||1,169,529|1,959,905| |Restricted funds
Endowment
funds||1,151,601
22,232,807|1,263,356
26,815,615| |TOTAL FUNDS||24,553,937|30,038,876| |CASH FLOW|STATEMENT|| |---|---|---| |FOR THE YEAR ENDED 31 MARCH 2023||| ||2023|2022| |Notes||9| |Cash flows from operating
activities
Cash generated
from operations
1|(1,897,513)|(747,901)| |Net cash used
in operating
activities|(1,897,513)|(747,901)| |Cash flows from investing
activities
Purchase oftangible
fixed assets
Purchase offixed asset investments|(6,169,858)
(3,870,259)|(3,289,128)
(2,706,441 )| |Sale oftangible gxed assets
Sale offixed asset investments|3,975,001
5,092,527|4,741,473| |Interest received|17,975|2,111| |Dividends
received|320,618|304,630| |Net cash used
in investing
activities|(633,996)|(947,355)| |Cash flows from financing
activities
Income attributable
to endowment|320,618|304,630| |Expenditure
attributable
to endowment|(106,170)|(120,409)| |Net cash provided
by financing
activities|214,448|184,221| |Change
in cash and cash equivalents
in the reporting
period|(2,317,061)|(1,511,035)| |Cash and cash equivalents
atthe
beginning
ofthe reporting
periiod|3,820,380|5,331,415| |Cash and cash equivalents
atthe end
ofthe reporting
period|1,503,319|3,820,380| ## ## |RECONCILIATION
OF NET (EXPENDITURE
ACTIVITIES|)/INCOME
TO NET|CASH|FLOW FROM O|PERATING| |---|---|---|---|---| ||||2023|2022| |||||5| |Net (expenditure)/income
for the reporting
Statement of Financial Activities)|period (as per the||(5,484,939)|1,570,074| |Adjustments
for:
Depreciation
charges
Losses/(gain)
on investments
Interest received|||28,749
4,412,257
(17,975)|10,817
(2,157,250)
(2,111)| |Dividends
received|||(320,618)|(304,630)| |Income attributable
to endowment|||(320,618)|(304,630)| |Expenditure
attributable
to endowment
(Increase)/decrease
in stocks
Decrease
in debtors|||106,170
(4,139)
15,731|120,409
6,168
1,690| |(Decrease)/increase
in creditors|||(312,131)|311,562| |Net cash used in operations|||(1,897,513)|(747,901)| |ANALYSIS OF CHANGES
IN NET FUNDS||||| ||At|1.4.22
f|Cash flow|At31.3.23
5| |Net cash||||| |Cash at bank and in hand|3,820,380||(2,317,061)|'l,503,319| ||3,820,380||(2,317,061)|1,503,319| |Total|3,820,380||(2,317,061 )|1,503,319| ## ## ## ## |estimated
residual value o|ver their exp|ected useful econo|mic life|as follows:| |---|---|---|---|---| |Asset class||Depreciation|method|and rate| |Freehold
property and impravements||Not provided||| |Plant and machinery||20%on cost||| |Fixtures and fittings||20%on cost||| |Website||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.|| ## ## ## ## ## ## ## ## ## ## |3.|INVESTMENT INCOM|E||||||| |---|---|---|---|---|---|---|---|---| ||||||||2023
f|2022f| ||Rents received
Dividends
receivable||||||81,231
320,618|77,478
304,630| ||Interest receivable||||||17,975|2,111| ||||||||419,824|384,219| ||All investment
income|is derived
from assets held
in||the|United Kingdom.|||| ||INCOME FROM CHARITABLE ACTIVITIES|||||||| ||Membership
Astrology
Publishing
Student fees
Retreats
Room hire
Shop income||Activity
White Eagle teachings
White Eagle teachings
White Eagle teachings
White Eagle teachings
White Eagle teachings
White Eagle teachings
White Eagle teachings|and
and
and
and
and
and
and|spiritual
spiritual
spiritual
spiritual
spiritual
spiritual
spiritual|work
work
work
work
work
work
work|2023
f
49,011
4,820
38,767
10,407
18,798
1,978
2,633|2022
f.
4S,674
5,961
39„506
2,961| ||||||||126,414|98,102| |5.|RAISING FUNDS|||||||| ||Investment
management||costs||||2023|2022| ||Portfolio management||||||106,170|120,409| |6.|CHARITABLE ACTIVITIES COSTS|||||||| ||||||||Support|| |||||||Direct|costs (see|| |||||||Costs
f|note 7)|Totals
f| ||White Eagle teachings
work|and|spiritual|||893,938|43,990|937,928| ## ## ## ## |SUPPORT COSTS|||||Governance
costs
f
| |---|---|---|---|---|---| |White Eagle teachings|and|spiditual|work||43,990| |Support costs, induded|in|the above, are as follows:|||| |Governance costs||||2023|2022| |||||White|| |||||Eagle|| |||||teachings|| |||||and|| |||||spiritual|Total| |||||work|activities| |||||E|| |Auditors'
remuneration||||10,030|8,700| |Auditors'
remuneration
work
Legal fees|for|non audit||120
33,840|1,800
84| |||||43,990|10,584| |NET INCOME/(EXPENDITURE)|||||| |Net income/(expenditure)||is stated|after charging/(crediting):||| |||||2023
f|2022
F| |Auditors'
remuneration
Other non-audit
services
Depreciation - owned assets||||10,030
120
28,749|8,700
1,800
10,817| ## ## ## ## ## ## ## |total employee
benefits
of the key management
personnel
(2022:f130,284).|total employee
benefits
of the key management
personnel
(2022:f130,284).|total employee
benefits
of the key management
personnel
(2022:f130,284).|total employee
benefits
of the key management
personnel
(2022:f130,284).|of the charitab|le
company
w|ere
f104,69| |---|---|---|---|---|---|---| |COMPARATIVES FORTHE STATEMENT OF FINANCIAL||||ACT(1/ITIES||| ||||Unrestricted|Restricted|Endowment|Total| ||||funds
f|funds|funds|fundsf| |INCOME AND ENDOWNIENTS|FROM|||||| |Donations and legacies|||259,142|36,468||295,610| |Charitable
activities||||||| |White Eagle teachings
and spiditual||work|98,102|||98,102| |Investment
income|||79,589||304,630|384,219| |Total|||436,833|36,468|304,630|777,931| |EXPENDITURE ON||||||| |Raising funds|||||120,409|120,409| |Charitable
activities||||||| |White Eagle teachings
and spiritual||work|647,841|||647,841| |Total|||647,841||120,409|768,250| |Net gains/(losses)
on investments|||(100,000)|67,909|1,592,484|1,560,393| |NET INCOME/(EXPENDITURE)|||(311,008)|104,377|1,776,705|1,570,074| |Transfers bebveen funds|||475,195|(475,195)||| |Net movement
in funds|||164,187|(370,818)|1,776,705|1,570,074| |RECONCILIATION
OF FUNDS||||||| |Total funds brought forward|||1,795,718|1,634,174|25,038,910|28,468,802| ||NOTES TO THE FINANCIAL STATEME
FOR THE YEAR ENDED 31 MA|NOTES TO THE FINANCIAL STATEME
FOR THE YEAR ENDED 31 MA|NTS -continued
RCH 2023|NTS -continued
RCH 2023|| |---|---|---|---|---|---| |11.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL||ACTIVITIES -continued||| |||Unrestricted|Restricted|Endowment|Total| |||funds|funds|funds|funds| |||f|6|6|5| ||TOTAL FUNDS CARRIED FORWARD|1,959,905|1,263,356|26,815,615|30,038,876| |12.|TANGIBLE FIXEDASSETS||||| |||||Assets|| ||||Freehold|under|Plant and| ||||property|construction|machinery| ||COST OR VALUATION||||| ||At 1 April 2022
Additions||2,934,900
6,136,450|3,975,001|3,050| ||Disposals
Revaluations||(3,136,450)|(3,975,001)|| ||At 31 March 2023||5,934,900||3,050| ||DEPRECIATION||||| ||At 1 April 2022
Charge for year||||2,214
176| ||At 31 March 2023||||2,390| ||NET BOOK VALUE||||| ||At 31 March 2023||5,934,900||660| ||At 31 March 2022||2,934,900|3,975,001|836| |||Fixtures|||| |||and||Computer|| |||fittings
F|Website|equipment
6|Totals
6| ||COST OR VALUATION||||| ||At 1 April 2022
Additions|43,800
30,807|45,720|11,487
2,601|7,013,958
6,169,858| ||Disposals
Revaluations||||(3,975,001 )
(3,136,450)| ||At 31 March 2023|74,607|45,720|14,088|6,072,365| ||DEPRECIATION
At 1 Apriil 2022
Charge for year|26,758
10,122|2,267
15,240|6,626
3,211|37,865
28,749| ||At 31 March 2023|36,880|17,507|9,837|66,614| ||NET BOOK VALUE||||| ||At 31 March 2023|37,727|28,213|4,251|6,005,751| ||At 31 March 2022|17,D42|43,453|4,861|6,976,D93| ## ## ## ## ## |FIXEDASSET IN|VESTME|NTS||| |---|---|---|---|---| |||||Listed| |||||investments| |||||6| |MARKET VALUE||||| |At 1 April 2022||||16,518,444| |Additions||||3,870,259| |Disposals||||(4,758,176)| |Revaluations||||(1,610,158)| |At 31 March 2023||||14,020,369| |NET BOOK VALUE||||| |At 31 March 2023||||14,020,369| |At 31 March 2022||||16,518,444| |There were no investments||assets held outside the|UK.|| |Cost or valuation|at 31 March 2023 is represented||by:|| ## |Cost or valuation
at 31 March 2023 is represented
by:|| |---|---| ||Listed| ||investments| |Valuation
in 2023|14,020,369| |INVESTMENT PROPERTY|| |FAIR VALUE|| |At 1 April 2022|| |and 31 March 2023|3,025,000| |NET BOOKVALUE|| |At 31 March 2023|3,025,000| |At 31 March 2022|3,025,000| ## ## ## |14.|INVESTMENT|PROPERTY - c|onti|nued||||||| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||6| ||Cost|||||||||760,629| ||Revaluations|||||||||2,014,371| |||||||||||2,775,000| |15.|STOCKS|||||||||| ||||||||||2023|2022| ||||||||||6|F| ||Stocks||||||||23,699|19,560| |16.|DEBTORS:AMOUNTS FALLING|||DUE WITHIN ONE YEAR||||||| ||||||||||2023|2022| ||||||||||6|| ||Trade debtors||||||||11,010|6,071| ||Other debtors|||||||||8,502| ||Prepayments|and accrued income|||||||9,157|21,325| ||||||||||20,167|35,898| |17.|CREDITORS:|AMOUNTS FALLING DUE|||WITHIN|ONE|YEAR|||| ||||||||||2023|2022| ||Trade creditors||||||||21,684|46,424| ||Social security and other taxes
Other creditors||||||||8,421
1,500|5,579
3,349| ||Accrued expenses||||||||12,763|301,147| ||||||||||44,368|356,499| |18.|ANALYSIS OF NET ASSETS||BETWEEN||FUNDS|||||| ||||||||||2023|2022| ||||Unrestricted||Restricted||Endowment||Total|Total| |||||funds
6|funds
6|||funds
f|funds|funds
6| ||Fixed assets||245,851||||5,759,900||6,005,751|6,976,093| ||investments||||845,000||16,200,369||17,045,369|19,543,444| ||Current assets||968,046||306,601|||272,538|1,547,185|3,875,838| ||Current
liabilities||(44,368)||||||(44,368)|(356,499)| ||||1,169,529||1,151,601||22,232,807||24,553,937|30,038,876| ## ## ## |MOVEMENT
IN FUN|DS|||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.4.22|in funds|funds
f|31.3.23| |Unrestricted
funds||||||| |General fund|||1,080,186|(1,046,827)|715,627|748,986| |General
fund property|revaluation|||||| |reserve|||163,255|||163,255| |London legacies|||11,712|||11,712| |Other legades|||665,505|29,223|(500,000)|194,728| |Regional centre fund|||4,860|||4,860| |Building maintenace|fund||31,080|(8,431)|20,000|42,649| |Africa fund|||3,307|32||3,339| ||||1,959,905|(1,026,003)|235,627|1,169,529| |Restricted funds||||||| |Alina|||386,497|||386,497| |Alina property
revaluation||reserve|235,501|||235,501| |Ylana fund|||9,061|||9,061| |Retreat bursary
fund|||5,312|||5,312| |Bricks oflight temple|fund||100,770|123,842|(224,612)|| |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|||100|30|(130)|| |Jeremy's jump|||10,885||(10,885)|| ||||1,263,356|123,872|(235,627)|1,151,601| |Endowment
funds||||||| |Permanent
endowment||fund|23,516,901|(1,446,358)||22,070,543| |Endowment
property|revaluation|||||| |reserve|||3,298,714|(3,136,450)||162,264| ||||26,815,615|(4,582,808)||22,232,807| |TOTAL FUNDS|||30,038,876|(5,484,939)||24,553,937| ## ## |Net movement
in fun|ds,|included
in the|above are as follow|s:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources|expended|losses|in funds| ||||6||E|6| |Unrestricted
funds||||||| |General fund|||231,050|(929,497)|(348,380)|(1,046,827)| |Other legacies
Building maintenace
Africa fund|fund||29,223
32|(8,431)||29,223
(8,431)
32| ||||260,305|(937,928)|(348,380)|(1,026,003)| |Restricted funds||||||| |Bricks of light temple|fund||123,842|||123,842| |Temple landscaping|||30|||30| ||||123,872|||123,872| |Endowment
funds||||||| |Permanent
endowment||fund|320,618|(106,170)|(1,660,806)|(1,446,358)| |Endowment
property|revaluation|||||| |reserve|||||(3,136,450)|(3,136,450)| ||||320,618|(106,170)|(4,797,256)|(4,582,808)| |TOTAL FUNDS|||704,795|(1,044,098)|(5,145,636)|(5,484,939)| ## ## |Comparatives
for m|o|vem|ent
in funds||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1.4.21|in funds|funds
f|31.3.22
6| |Unrestricted
funds|||||||| |General fund||||901,010|(361,315)|540,491|1,080,186| |General fund property
reserve||revaluation||263,255|(100,000)||163,255| |London legacies
Other legacies
Regional centre fund
Building maintenace|fund|||11,622
574,971
4,860
40,000|90
146,910|(56,376)
(8,920)|11,712
665,505
4,860
31,080| |Africa fund|||||3,307||3,307| |||||1,795,718|(311,008)|475,195|1,959,905| |Restricted funds|||||||| |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
Bricks oflight temple|fund|||71,620
5,312
465,930|34,840|(71,620)
(400,000)|5,312
100,770| |South West property|fund|||447,000|||447,000| |London legacies
Regional centre legacies-
Temple landscaping
Jeremy's jump|||North West|58,227
10,003
3,254
9,763|421
1,122|(3,575)|58,227
10,003
100
10,885| |||||1,634,174|104,377|(475,195)|1,263,356| |Endowment
funds|||||||| |Permanent
endowment||fund||21,972,968|1,543,933||23,516,901| |Endowment
property
reserve|revaluation|||3,065,942|232,772||3,298,714| |||||25,038,910|1,776,705||26,815,615| |TOTAL FUNDS||||28,468,802|1,570,074||30,038,876| ## ## ## |Comparative
net mov|em|ent
in funds,
inc|luded
in the above|are as follows:||| |---|---|---|---|---|---|---| ||||Incoming|Resources|Gains and|Movement| ||||resources
f|expended|losses|in funds| |Unrestricted
funds||||||| |General fund|||284,361|(645,676)||(361,315)| |General fund property|revaluation|||||| |reserve|||||(100,000)|(100,000)| |Londan legacies
Other legacies|||90
149,075|(2,165)||90
146,910| |Africa fund|||3,307|||3,307| ||||436,833|(647,841)|(100,000)|(311,008)| |Restricted funds||||||| |Alina property
revaluation||reserve|||67,909|67,909| |Ylana fund|||85|||85| |Bricks of light temple|fund||34,840|||34,840| |Temple landscaping|||421|||421| |Jeremy's jump|||1,122|||1,122| ||||36,468||67,909|104,377| |Endowment
funds||||||| |Permanent
endowment||fund|304,630|(120,409)|1,359,712|1,543,933| |Endowment
property|revaluation|||||| |reserve|||||232,772|232,772| ||||304,630|(120,409)|1,592,484|1,776,705| |TOTAL FUNDS|||777,931|(768,250)|1,560,393|1,570,074| ## ## ## ## ## ## ## ## ## ## ##