ECKANKAR UNITED KINGDOM CIO
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provision 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 Northern Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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(a) To serve as a non-profit religious organisation through which and by which the ECKANKAR teachings may be given in the United Kingdom for the spiritual benefit of its United Kingdom members and all others who seek spiritual upliftment, and;
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(b) To protect, follow, and teach the tenets, doctrines, and principles of ECKANKAR as interpreted and taught by The Living ECK Master, the spiritual head of ECKANKAR, who presently is Sri Harold Klemp, and:
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(c) To exercise all rights, powers, and privileges necessary to fulfil the aforesaid objects, and to hold in trust and use all its property and assets exclusively for the benefit of its organisational objects.
Public Benefit
In explaining how the activities of the charity meet the public benefit of its work, the trustees have met the requirements of the Charities Act 2011.
ACHIEVEMENTS
The trustees consider that the objectives as laid out above have been met during the year under review and various measures have been put in place or are under review to ensure that as an organisation and in terms of its teachings ECKANKAR continues to thrive in the UK.
FINANCIAL REVIEW
Financial position
The charity’s income for the period under review amounted to £24012. Expenditure amounted to £52725. At the year-end date unrestricted reserves were £509529 of which designated reserves were £291413
Reserves policy
The trustee’s aim is for annual income to at least meet annual expenditure. The current reserves would be required for possible future projects and capital expenditure. The trustees meet regularly to review the level of reserves.
Going concern.
After making enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual report and accounts.
FUTURE PLANS
The charity remains committed to the support of its UK members and to continue to implement initiatives and achieve its aims and objectives under the guidance of the parent church in the USA.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Being a charitable incorporated organisation (CIO), the charity’s governing document is its constitution.
Organisational structure
The board of trustees manage the charity. Regular board meetings are held at least twice a year and ex-committee meetings are held on an as required basis.
Risk Management
The trustees have made assessments of the major financial and operating risks that the charity faces and have put in place controls to mitigate or eliminate them. These are continuously monitored at board meetings.
Approved by the trustees on 28[th] October 2022 and signed on their behalf:
Chairman, S Mallett
ECKANKAR UNITED KINGDOM CIO
Registered as a Charitable Incorporated Organisation on 07 March 2016 Registered Charity No: 1165900
Report and Accounts
31st December 2021
ECKANKAR UNITED KINGDOM CIO
Report and accounts
Charity information 1 Balance Sheet 2 Income and Expenditure Account 3 Notes to the accounts 4-6 Chairman's statement 7 Trustees Report 8-9 Independent Examiner's report 10
ECKANKAR UNITED KINGDOM CIO
Report and accounts
Information: Address: Suite 123, 548 to 550 Elder House Elder Gate Milton Keynes MK9 1LR Trustees: S Mallett Chairman S Kumar President J MacLennan Secretary D Beechcroft Treasurer/CFO D Zwilling-Ikpoh
Accountants Guardian Accountancy Services (Incorporating Cunning Accountants 41 High Street Sandbach Cheshire CW11 1AL
1
Jham & Co)
ECKANKAR UNITED KINGDOM CIO
Balance Sheet as at 31st December 2021
| Notes Fixed Assets 5 Current Assets Stocks of Materials 4 Debtors 6 Cash at bank and in hand 8 Current Liabilities Creditors:Amounts falling due 9 within one year Paypal Account Area transfers Book area adjustments Net Current Assets Net Assets Financed By: Balance Brought Forward Surplus for the year Balance at 31 December 10 |
2021 £ 867 16003 14506 16455 42844 485445 483501 517903 540851 3086 4414 3057 1368 1730 9241 4414 508662 536437 509529 538242 538242 525664 -28713 12578 509529 538242 |
2021 £ 867 16003 14506 16455 42844 485445 483501 517903 540851 3086 4414 3057 1368 1730 9241 4414 508662 536437 509529 538242 538242 525664 -28713 12578 509529 538242 |
|---|---|---|
| 540851 | ||
| 4414 | ||
| 4414 | ||
| 536437 | ||
| 538242 | ||
| 525664 12578 |
||
| 538242 |
Approved by the board of Trustees on .............. 28th November 2022
Trustee ….................................................... Steven Mallett
Trustee ….................................... Suneeta Kumar
2020 1805
ECKANKAR UNITED KINGDOM CIO
Income and Expenditure Account for the year ended 31 December 2021
| Notes Income ECK Materials sales General Donations Interest Received Expenditure Direct Costs ECK Materials cost of sales 4 Meeting Costs Seminar Costs 7 Vahana Costs General & Administrative Expenses PO Box and postage costs Internet/ Web Expenses Telephone Independent Examiners Fee Depreciation and write of of fxed assets Insurance Bank charges and Paypal Fees Stationery, printing and copying Electricity Legal Fees Surplus for the year |
Year Ended 2021 £ 6129 17872 11 |
|---|---|
| 24012 | |
| 3190 760 36000 2522 |
|
| 42472 | |
| 1175 5188 461 891 937 502 99 - 1000 |
|
| 10253 | |
| -28713 |
3
Year Ended 2020 £ 8340 26686 41 35067
6113 7174 13287
868 3960 394 912 1286 506 147 230 899 9202 12578
ECKANKAR UNITED KINGDOM CIO Notes to the Accounts for the year ended 31 December 2021
1 Principal Activity
The Charity is established to advance religion in accordance with the principles and tenets of ECKANKAR.
2 Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FR been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to char their accounts in accordance with the Financial Reporting Standard applicable i and Republic of Ireland FRS 102) (effective 1 January 2019)', ( Financial Reporti Standard 102 'The Financial Reporting Standard applicable in the UK ' and Repu and the Charities Act 2011. The financial statements have been prepared unde cost convention.
3 Accounting Policies
Income and expenditure
Donations and investment income are credited as received. Income from seminars and sales of publications are credited when earned Expenditure is accounted for on an accruals basis and all relates to
Stocks
The stock of materials has been valued at the lower of cost and net realisable v
Depreciation
Office equipment, furniture and fittings are depreciated at the rate of 15% of th Display Plant is depreciated at the rate of 25% of the net book value.
Financial instruments
All financial assets and financial liabilities of the charity qualify as basic financia Basic financial instruments are initially recognised at transaction value and sub measured at their settlement value.
Taxation
The charity is exempt from tax on its charitable activities.
| 4 ECK Materials Sales of Materials Less: Cost of Sales: Stock brought forward Purchases Area stock adjustment re stock take Stock at 31st December |
2021 6129 |
|---|---|
| 14506 2957 1730 -16003 |
|
| 3190 |
ECK Materials Surplus for the year 2939
RS 102, have d ities preparing n the UK ing blic of Ireland' er the historical
.
value.
e net book value.
al instruments. bsequently
2020 8340
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14375
6244
-14506
6113
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2227
ECKANKAR UNITED KINGDOM CIO Notes to the Accounts for the year ended 31st December 2021 5 Tangible Fixed assets
| Cost At 1 January 2021 Additions Disposals / Written of At 31 December 2021 Depreciation At 1 January 2021 Charge for the Year On disposals Written of At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 6 Debtors Prepayments Accrued Income (Gift Aid) Sundry Debtor Area Transfers 7 Note to prepayments 2020 deposit for European Seminar in 3rd tranch paid in 2021 refund received on cancellation 8 Cash and Bank Deposit Accounts Current Accounts Cash foats 9 Creditors Accruals Sundry Creditors |
Equipment Display Plant £ £ £ 6318 4011 3145 - - - 2595 Ofce Furniture & Fittings |
Equipment Display Plant £ £ £ 6318 4011 3145 - - - 2595 Ofce Furniture & Fittings |
|---|---|---|
| 3723 4011 3145 |
||
| 4516 4011 3142 237 - 3 1897 - - |
||
| 2856 4011 3145 |
||
| - | - | |
| 1802 | 3 | |
| ICC | 2021 £ - 13470 2985 |
|
| 16455 | ||
| 28800 21600 -14400 |
||
| 36000 | ||
| 2021 £ 206012 279364 69 |
||
| 485445 | ||
| 2021 £ 750 2336 |
3086
Total
£ 13474 - 2595 10879
11669 240 1897 10012 867 1805 2020 £ 29037 11070 2737 42844
2020 £ 206001 277408 92 483501
2020 £ 750 3664
4414
ECKANKAR UNITED KINGDOM CIO Notes to the Accounts for the year ended 31 December 2021
10 Trustees Remuneration and Expenses
There was no remuneration paid for the year ended 2021 or 2020. No expenses were reimbursed to trustees in 2021 or 2020.
| 11 Fund Balances (Unrestricted) ECK Temple Centre Designated Fund Balance General Funds Total Unrestricted Fund Balance The charity has no restricted funds |
2021 £ 291413 218116 |
|---|---|
| 509529 | |
12 Related Party Transactions
There were no related party transactions in 2021 or 2020
6
2020 289521 248721 538242