2021-09-30-accounts - The Theosophical Society in England and Wales

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		Page
Directors and other information
Directors' &Trustees'	report	2-4
Independent auditor's	report
Statement offinancial	activities
Statement offinancial	position
Statement ofcash tlows		10
		11-16
Notes to the fmancial	statements

J.Baker
S.M. Bayliss
E.Crofts
N. Hart
S.Johnson
E.McGough
C.L.Nash	(resigned	8 February 2021)
M. Jenkinson	(resigned	10October 2021)

N. Hart S.Johnson E.McGough C.L.Nash M. Jenkinson (resigned 8 February 2021) (resigned 10October 2021)	N. Hart S.Johnson E.McGough C.L.Nash M. Jenkinson (resigned 8 February 2021) (resigned 10October 2021)
Objectives
The objects of the Society are for the public benefit to		promote moral		and	spiritual		welfare, and the advancement							of
education,	through the promotion and study ofTheosophy,	and the dissemination			of	the	results of			such	study to the public,
To further	its Charitable Objects, The Theosophical Society in England		may:
~	provide and assist in the provision ofmoney, materials or other			help;
	organise and assist in the provision of conferences, courses			of instruction,					exhibitions,		lectures	and	other
	educational activities;
~	publish and distribute instructional and other materials on any		medium;
~	promote, encourage, carry out or commission research, surveys,			studies, orother				work, making			the relevant results
	available;
~	provide or procure the provision ofcounselling and guidance;
~	provide or procure the provision ofadvice;
~	alone or with other organisations seek to influence	public opinion		and make representations						to and seek		to influence
	governmental and other bodies and institutions	regarding	the reform,			development				and	implementation			of
	appropriate policies, legislation, and regulations,	provided that	all such activities					shall be		confined to		those which
	an English and Welsh charity may properly undertake
Principles
The Society, while reserving for each member full freedom		to interpret	those teachings				known as			Theosophy,		is dedicated
to preserving and realising the Ageless Wisdom, which		embodies	both a world			view			and a vision of human					self-
transformation.

						Unrestricted	Unrestricted
						Funds	Funds
					Note	2021	2020f
Income and endowment				from:
Donations and	legacies					120,586	11,129
Investment Activities						207,954	226,254
Other income						31,927	19,401
						360,467	256,784
E~xndit re	on:
Staffcosts						(140,990)	(142,604)
Other expenditure						(236,490)	(193,969)
Net gainsl(losses)			on			539,028	(253,621)
investments
Net movement	in		funds			522,015	(333,410)
Fund balances	at	I October				9,005,124	9,338,534
2020
Transfer between			funds
Fund balance	at	30September				9,527,139	9,005,124
2021

								Statement of	Statement of	financial position
									30September 2021
										2021		2020
									Note
Fixed assets
Intangible assets									7	16,038		4,958
Tangible assets									8	3,144,085		3,148,086
Investment properties									9	2,160,000		2,160,000
Investments									10	4,150,679		3,652,364
											9,470,802		8,965,408
Current assets
Stocks										20,291		18,440
Debtors									11	26,409		54,566
Cash at bank	and		in hand							73,872		16,317
										120,572		89,323
Creditors: amounts				falling	due within		one year		12	(64,235)		(49,607)
Net current	assets										56,337		39,716
Total assets	less	current liabilities									9,527,139		9,005,124
Net Assets											9,527,139		9,005,124
Funds
Staffretirement		Designated			Fund
Life Membership			Subscription			Designated		Fund
Unrestricted	funds										9,527,139		9,005,124
T4ital funds											9,527,139		9,005,124

			Statement ofcash flows	Statement ofcash flows
			30September	2021
				2021		2020
			Notes
Cash flows from operating	activities
Cash (absorbed by)/generated	from operations		I6	(65,531)			(182,858)
Investing activities
Purchase ofintangible assets				(12,524)		(4,958)
Purchase oftangible fixed assets				(3,702)		(8,153)
Other loans
Purchase ofother investments
Proceeds on disposal ofother investments				40,713		43,975
Investment income received				98,599		107,731
Net cash generated from investing		activities			123,086		138,595
Net cash used in financing	activities
Net increase/(decrease) in cash and		cash			57,555		(44,263)
equivalents
Cash and cash equivalents at	beginning ofyear				16,317		60,580
Cash and cash equivalents at	end ofyear				73,872		16,317

6.	Auditor's remuneration
	Profit before taxation isstated aAer charging:
				2021	20?0f
	Fees payable for the audit ofthe financial	statements		10080	7.740
7.	Intangible Assets
				Trademarks	Total
	Cost
	At 1 October 2020			4,958	4,958
	Additions			12,524	12,524
	At 30September 2021			17,482	17,482
	Amo rtisation
	At 1 October 2020
	Charge for the year			1,444	1,444
	At 30September 2020			1,444	1,444
	Carrying amount
	At 30Septeinber 2021			16,038	16,038
	At 1 October 2020			4,958	4,958
8.	Tangible Assets
			Freehold	Fixtures,	Total
			property	fittings &
				equipment
	Fair Value/Cost
	At 1 October 2020		3,125,000	31,351	3,156,351
	Additions			3,702	3,702
	At 30September 2021		3,125,000	35,053	3,160,053
	Depreciation
	At I October 2020			8,265	8,265
	Charge for the year			7,703	7,703
	At 30September 2021			15,968	15,968
	Carrying amount
	At 30September 2021		3,125,000	19,085	3,144.085
	At 1 October 2020		3,125,000	23,086	3,148,086

Fixed Asset Invest	ments
			Listed	Other		Total
			investment	investments
			sf
Cost
At 1 October 2020			3,652,264		100	3,652,364
Additions
Disposal s/transfers			(40,713)			(40,713)
Valuation changes			539,028			539,028
At 30September 2021			4,150579		100	4,150,679
Carrying amount
At 30September 2021			4,150,579		100	4,150,679
At 1 October 2020			3,652,264		100	3,652,364
Other investments	relate to an 100%investment	in a dormant	subsidiary.
Name ofundertaking:			The Theosophical	Publishing	House Limited
Registered office:			50Gloucester Place, London,		W1U 8EA
Debtors: amounts	falling due within one-year				2021	2020
						f
Trade debtors					127	1,811
Other debtors				9,157		9,293
Prepayments and accrued				17,125		43,462
				26,409		54,566


Creditors: amounts	falling due within	one-year	2021	2020
Trade creditors			22,347	4,749
Other creditors			18,247	14,221
Accruals and deferred	income		23,641	30,637
			64,235	49,607

	At the reporting end date there	At the reporting end date there	were contracted	leases in place with tenants	leases in place with tenants	for the following	minimum	lease
	payments:
						2021		2020
						f
	%ithin one year					108,000		108,000
	Between two and five	years				130,500		238,500
						238,500		346,500
16.	Cash generated from	operations
						2021		2020
	(Deficit)/Surplus for the year					522,015	(333,410)
	Adjustments for:
	Investment income recognised		in statement of	financial	activities	(98,599)	(107,731 )
	Fair value losses/gains	on investments				(539,028)		253,621
	Depreciation and amoitisation offixed assets					9,147		6,393
	Movements in working	capital:
	Decrease/increase) in	stocks				(1,851)		361
	Decrease/(increase) in	debtors				28,157		(5,410)
	Increase/(Decrease) in	creditors				14,628		3,318
	Cash (absorbed by)/generated		from operations			(65,531)	(182,858)

		2021	2020
Turnover
Donations received		120,586	11,129
Subscriptions		10,200	11,265
Courses and conferences		3,210	4,226
Investment income		98,599	107,731
Books and other income		17,856	3,183
Other interest income		661	727
Rent receivable		109,355	118,523
		360,467	256,784
Overheads
Administrative	expenses	377,480)	~336.573)
		(377,480)	(336,573)
Net losses/gains	on investment	539,028	(253,621)
Net movement	in funds	522,015	~333,4 307

	2021	2020
	f	f
Wages and salaries	(111,378)	(110,450)
Management costs	(29,612)	(30,102)
Adyar and European fees	(1,693)	(2.052)
Volunteer costs		(189)
Governance costs		(3,001)
Courses and conferences	(12,399)	(7,070)
Rates	(17,109)	(15,260)
Light and heat	(6,870)	(7,331)
Cleaning	(2,445)	(10,012)
Telephone	(2,148)	(2,291)
Training	(3,032)	(2,332)
Legal and professional	(82,732)	(16,996)
Speakers expenses	(95)	(1,418)
Auditors remuneration	(10,080)	(7,740)
Bank charges	(885)	(713)
Outreach, Planning & Development	(972)	(2,576)
Sundry costs	(409)	(315)
Magazine and publications	(11,142)	(11,836)
Repairs &Maintenance	(15,205)	(32,573)
IT'and office expenditure	(11,778)	(11,150)
Printing, postage and stationery	(7,339)	(7,639)
General insurances	(20,807)	(20,055)
Wales merger	(1,968)	(6,760)
Depreciation	(7,703)	(6,393)
Amoitisation Website	(1,444) ~I8,235) ~377.480)	(20,319) 336,573)