## 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
- (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;
- (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:
- (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
**----- Start of picture text -----**
14375
6244
-14506
6113
**----- End of picture text -----**
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