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2020-12-31-accounts

REGISTERED COMPANY NUMBER: 08608337 (England and Wales) REGISTERED CHARITY NUMBER: 1161005

Trustees' Report and

Unaudited Financial Statements for the Year Ended 31 December 2020

for

The Kendo Nagasaki Foundation

Harris & Co Limited Chartered Accountants Marland House 13 Huddersfield Road Barnsley South Yorkshire S70 2LW

The Kendo Nagasaki Foundation

Contents of the Financial Statements for the Year Ended 31 December 2020

Page
Reference and Administrative Details 1
Trustees' Report 2 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Statement of Financial Position 6 to 7
Notes to the Financial Statements 8 to 13

The Kendo Nagasaki Foundation

Reference and Administrative Details for the Year Ended 31 December 2020

TRUSTEES Ms R F Macdonald Mr L R Stevens Ms Y Walker REGISTERED OFFICE Moorcourt Hall Farley Road Oakamoor Stoke-on-Trent Staffordshire ST10 3BD REGISTERED COMPANY 08608337 (England and Wales) NUMBER REGISTERED CHARITY 1161005 NUMBER INDEPENDENT EXAMINER Harris & Co Limited Chartered Accountants Marland House 13 Huddersfield Road Barnsley South Yorkshire S70 2LW

Page 1

The Kendo Nagasaki Foundation (Registered number: 08608337)

Trustees' Report for the Year Ended 31 December 2020

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

To advance Buddhism in particular but not exclusively by the provision to those new to Buddhism of introductory education and experience of the practices of the Buddhism religion.

Significant activities

The Kendo Nagasaki Foundation provides events for people to come to Moorcourt Hall to take part in Zen Meditation, mindfulness and relaxation. Visitors have benefited from the experience we provide, and given good feedback via our website. We have maintained our provision of unique and original messages of peace and inspiration every month, available world-wide via our website. The foundation has been working on extending its facilities to accommodate more visitors to the site, and offer its Zen-based relaxation and empowerment experience and practices to a wider audience.

Public benefit

The Trustees have considered the Charity Commission's general guidance on public benefit and have taken it into account when reviewing the Charity's aims and objectives and in planning its future activities. The Trustees are satisfied that the aims of the Charity are carried out wholly in pursuit of its charitable aims for the public benefit. The Trustees consider the activities described clearly demonstrate the public benefit provided by the Charity.

ACHIEVEMENT AND PERFORMANCE

During the year the foundation was successful in continuing to enhance its profile and fundraising structure.

FINANCIAL REVIEW

Financial position

The impact of the pandemic has had an impact on our ability to fundraise. In March 2020 we were forced to suspend all planned events. The Trustees have focused on delivering what was possible. As a result the charity has made a deficit of £47,436 in the year. The balance sheet remains positive at £758,898.

In the opinion of the Trustees, the funds held at 31 December 2020 were available and adequate to fulfill the charitable obligations. The available funds have been carefully considered by the Trustees in planning its future activities.

Principal funding sources

The charities main source of income is derived from donations through supporting companies.

FUTURE PLANS

The charitable company will continue its activities in future years. It keeps the facilities in its charge under continual review with a view to maintaining and enhancing them.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

The directors of the company are also charity trustees for the purposes of charity law. Under the requirements of the Memorandum and Articles of Association the trustees are elected to serve for a period of one year after which they are eligible for re-election at the next Annual General Meeting.

Page 2

The Kendo Nagasaki Foundation (Registered number: 08608337)

Trustees' Report for the Year Ended 31 December 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Organisational structure

A Board of trustees administer the charitable company. The trustees are, in part, appointed by the individual members. In considering other appointments to the board, the trustees meet at least quarterly or more frequently if circumstances require.

INDEPENDENT EXAMINER

Stephen Watson has been re-appointed as independent examiner for the ensuing year.

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Kendo Nagasaki Foundation for the purposes of company law) 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 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, of the charitable company for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which 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 charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 23 November 2021 and signed on its behalf by:

Ms R F Macdonald - Trustee

Page 3

Independent Examiner's Report to the Trustees of The Kendo Nagasaki Foundation

Independent examiner's report to the trustees of The Kendo Nagasaki Foundation ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Stephen Watson FCCA CTA Harris & Co Limited Chartered Accountants Marland House 13 Huddersfield Road Barnsley South Yorkshire S70 2LW

23 November 2021

Page 4

The Kendo Nagasaki Foundation

Statement of Financial Activities for the Year Ended 31 December 2020

2020
Unrestricted
fund
Notes
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
85,980
Other income
3
8,549
Total
94,529
EXPENDITURE ON
Raising funds
4,968
Charitable activities
4
Donations
136,997
Other
-
Total
141,965
NET INCOME/(EXPENDITURE)
(47,436)
RECONCILIATION OF FUNDS
Total funds brought forward
806,334
TOTAL FUNDS CARRIED FORWARD
758,898
CONTINUING OPERATIONS		 2019
Total
funds
£
91,436
-
91,436
5,610
42,498
30,465
78,573
12,863
793,471
806,334

All income and expenditure has arisen from continuing activities.

The Statement of Financial Activities includes all gains and losses in the year and therefore a statement of total recognised gains and losses has not been prepared.

The notes form part of these financial statements

Page 5

The Kendo Nagasaki Foundation (Registered number: 08608337)

Statement of Financial Position 31 December 2020

Notes
FIXED ASSETS
Tangible assets
9
Investments
10
CURRENT ASSETS
Debtors
11
Prepayments and accrued income
Cash at bank
CREDITORS
Amounts falling due within one year
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
13
Unrestricted funds
TOTAL FUNDS		 2020
Unrestricted
fund
£
786,762
4
786,766
2,094
531
500
3,125
(30,993)
(27,868)
758,898
758,898
758,898
758,898		 2019
Total
funds
£
782,808
4
782,812
9,946
2,812
14,661
27,419
(3,897)
23,522
806,334
806,334
806,334
806,334

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

The Kendo Nagasaki Foundation (Registered number: 08608337)

Statement of Financial Position - continued 31 December 2020

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 23 November 2021 and were signed on its behalf by:

Ms R F Macdonald - Trustee

The notes form part of these financial statements

Page 7

The Kendo Nagasaki Foundation

Notes to the Financial Statements for the Year Ended 31 December 2020

1. STATUTORY INFORMATION

The Kendo Nagasaki Foundation is a private company, limited by guarantee, registered in England and Wales. The company's registered number and registered office address can be found on the company information page.

The presentation and functional currency of the financial statements is the Pound Sterling (£)

2. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)'.

The financial statements have been prepared on a going concern basis under the historical cost convention.

The Covid-19 pandemic has adversely impacted on global and UK societies and economies, and this impact has continued into the 2021 financial year. However in the directors' opinion there is no significant uncertainty as to the going concern basis..

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 33% on cost straight line Fixtures and fittings - 15% on reducing balance Motor vehicles - 25% on reducing balance

All fixed assets are initially recorded at cost.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Page 8

continued...

The Kendo Nagasaki Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

2. ACCOUNTING POLICIES - continued

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Government grants

Government grants are recognised in accordance with the accrual model of Section 24 of FRS 102.

Grants became receivable as compensation for expenses already incurred for the purpose of giving immediate financial support to the entity with no future related costs recognised in income in the period in which the grant became receivable.

3. OTHER INCOME

OTHER INCOME
2020 2019
£ £
Government grants 8,549 -

The other income relates to Job Retention Scheme grants received during the year.

4. CHARITABLE ACTIVITIES COSTS

Donations
DIRECT COSTS OF CHARITABLE ACTIVITIES
Insurance
Light and heat
Telephone
Donations
Other establishment costs
Postage and stationery
Travel and motor expenses
Depreciation		 Direct
Costs (see
note 5)
£
25,587		 Support
costs
£
111,410
2020
£
6,307
5,562
2,299
-
3,507
977
2,889
4,046
25,587		 Totals
£
136,997		 Totals
£
136,997
2019
£
5,967
12,217
946
1,182
3,385
68
4,899
2,830
31,494

5. DIRECT COSTS OF CHARITABLE ACTIVITIES

6. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2020 2019
£ £
Depreciation - owned assets 4,046 2,830
Independent examination fee 1,000 1,000

Page 9

continued...

The Kendo Nagasaki Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

7. TRUSTEES' REMUNERATION AND BENEFITS

During the year R Macdonald received a salary of £5,715 (2019 £4,894).

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.

8. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
Administration and fundraising		 2020
£
38,943
-
354
39,297
2020
4		 2019
£
25,350
27
229
25,606
2019
4

No employees received emoluments in excess of £60,000.

9. TANGIBLE FIXED ASSETS

COST
At 1 January 2020
Additions
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for year
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Freehold
property
£
768,275
-
768,275
-
-
-
768,275
768,275		 Plant and
machinery
£
18,011
-
18,011
7,707
2,576
10,283
7,728
10,304		 Fixtures
and
fittings
£
6,105
-
6,105
3,563
381
3,944
2,161
2,542		 Motor
vehicles
£
4,000
8,000
12,000
2,313
1,089
3,402
8,598
1,687		 Totals
£
796,391
8,000
804,391
13,583
4,046
17,629
786,762
782,808

Page 10

continued...

The Kendo Nagasaki Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

10. FIXED ASSET INVESTMENTS

10. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£
MARKET VALUE
At 1 January 2020 and
31 December 2020 4
NET BOOK VALUE
At 31 December 2020 4
At 31 December 2019 4
There were no investment assets outside the UK.
The company's investments at the balance sheet date in the share capital of companies include the
following:
Kendo's Day Care Limited
Registered office: Moorcourt Hall, Farley Road, Oakamoor, Stoke-on-Trent, ST10 3BD.
Nature of business: Day Care Facilities
%
Class of share: holding
Ordinary 100
2020 31/12/19
£ £
Aggregate capital and reserves (76,463) (72,983)
Loss for the year (3,480) (7,464)
11. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2020 2019
£ £
Amounts owed by group undertakings 1,344 946
Other debtors 750 9,000
2,094 9,946

Page 11

continued...

The Kendo Nagasaki Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

12.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
Accruals and deferred income
13.
MOVEMENT IN FUNDS
At 1/1/20
£
Unrestricted funds
General fund
806,334
TOTAL FUNDS
806,334
Net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
94,529
TOTAL FUNDS
94,529
Comparatives for movement in funds
At 1/1/19
£
Unrestricted funds
General fund
793,471
TOTAL FUNDS
793,471
Comparative net movement in funds, included in the above are as follows:
Incoming
resources
£
Unrestricted funds
General fund
91,436
TOTAL FUNDS
91,436		 2020
2019
£
£
27,654
1,000
3,339
2,897
30,993
3,897
Net
movement
At
in funds
31/12/20
£
£
(47,436)
758,898
(47,436)
758,898
Resources
Movement
expended
in funds
£
£
(141,965)
(47,436)
(141,965)
(47,436)
Net
movement
At
in funds
31/12/19
£
£
12,863
806,334
12,863
806,334
Resources
Movement
expended
in funds
£
£
(78,573)
12,863
(78,573)
12,863

Page 12

continued...

The Kendo Nagasaki Foundation

Notes to the Financial Statements - continued for the Year Ended 31 December 2020

13. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined position is as follows:

Net
movement At
At 1/1/19 in funds 31/12/20
£ £ £
Unrestricted funds
General fund 793,471 (34,573) 758,898
TOTAL FUNDS 793,471 (34,573) 758,898
A current year 12 months and prior year 12 months combined net movement in funds, included in t
above are as follows:
Incoming Resources Movement
resources expended in funds
£ £ £
Unrestricted funds
General fund 185,965 (220,538) (34,573)
TOTAL FUNDS 185,965 (220,538) (34,573)

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

14. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2020.

15. SHARE CAPITAL

The company is limited by guarantee and therefore has no share capital.

Page 13