## **SUKYO MAHIKARI YOKO FORUM CIO** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2021** **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** The Trustees acting throughout the Financial Period and up to the date of this report are shown below. ## **LEGAL AND ADMINISTRATIVE DETAILS** ## **LEGAL STATUS** Sukyo Mahikari Yoko Forum is founded as a Charitable Incorporated Organisation (CIO), and registered with the Charity Commission of England and Wales. The CIO was granted its status on 24th August 2016 ## **CHARITY NUMBER** 1168897 ## **PRINCIPAL ADDRESS** 136 Highbury Hill, London N5 1AT ## **TRUSTEES** Koichiro FUJISAKI Dr Sidney CHANG Paul PETTERSEN Stephen CHOO ## **BANKERS** Metro Bank One Southampton Row London WC1B 5HA ## **EXTERNAL EXAMINER** Tang & Co Swindon, Wiltshire SN25 4ES 2 **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** The Trustees of Sukyo Mahikari Yoko Forum CIO have the pleasure in submitting the Report and Accounts for the year ending 31[st] December 2021 ## **Objectives of Sukyo Mahikari Yoko Forum CIO** Sukyo Mahikari Yoko Forum CIO is a charity that exists to promote the advancement of world peace and the happiness of humankind, and for guiding humanity towards the establishment of a universal civilisation based on a synthesis of religion, science and all other aspects of human endeavour based on the teachings of Sukyo Mahikari. The CIO also makes efforts to nurture young people to aspire and achieve, whilst valuing universal virtues such as gratitude, humility, compassion and helping others. The activities are by invitation and are opened to all members of the public. ## **Activities** Due to the ongoing Covid-19 restrictions all our activities, except for one meeting of the trustees, were held online. Three talks by invited speakers covered the following topics: - Rewilding: a bright new hope for the future? - What near-death experiences reveal about the origin of all existence - Leadership in troubled times: Five lessons from diplomacy for improving the world. In addition, there were three meetings organised by young professionals. At these meetings two or three 10-15 minute presentations were followed by open discussion. - The impact of the Covid pandemic on medicine, mental health, and education. - • Overcoming challenges in the fields of science, medicine, and economics in order to establish a world of love and harmony. - What changes are required in global consciousness in order to create a world of love and harmony? In addition, occasional meetings for the core group responsible for organising events were held online. Each online meeting was attended by up to 65 participants and lasted two hours. Many of the participants were young people aged 32 or less. During 2021 we developed and strengthened our online international network. At the same time, we do recognise the importance of holding activities at the Yoko House and we will do so as soon as circumstances allow us to. ## **Achievements** It has been very encouraging that young people who have participated in our meetings have continued to express their appreciation for them. Some of these young people organised, and contributed, to three of our meetings, all of which were highly praised for 3 SUKYO MAHIKARI YOKO FORUM CIO REPORT OF IHE TRUSTEES FOR YEAR 84DED 31 DECEMBER 2021 their articulater￿S arKI keen awweness of our shared social, ethic21 and spiritual responsibilities. Also. OUT need to offer selv1￿ lo Ihe wider communty if we are to live in a world that filled with h￿nonY arKI joy. Flnanclal Revlew The Trustees expressed their d8ep gratrtude to tsir supFKxters tK)th in ts UK and other ccxjntries of the EU for contrll*d sw)F#xt despite the ParKI￿1C arKI the restrictions in 2021. Income from dOnati(￿S inueased marginally to £16.913 cx)mpared to the previous year of £15,641. Expenses inc¥eased by £6,CM)7 at £17.466 to much hither maintenance tX)sts to the property and some exchanges rate k)sses. This resulted in a Net DefKit of £553 for the year and a Net Surplus of £19,011 carried over to next year. The lory te￿ loan fr(Mn SL*yo Jwn Miains at £8.553. It is our intention lo erL8ure sufficient raserves ar8 in pl&% to fur￿ activities for at least three years, to repay any OLrtstarKlirvJ lo￿5 arKI to use remainiro res(XJrC￿ to suppcxt more a£tivities compats'ble to wr aims charity tnjstees served dwiTrJ ts year were: Koichiro FUJISAKI ste[*￿ CHOO Dr S¥Jney CHANG Paul Pettersen Signed by %*' y- Sidney CHANG Chairperson of the Board of Trustees 18th October 2022 CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report R•port to lh• trust0￿1 mombern of SUKYO MAHIKARI YOKO FORUM CIO On Kcounts for the y•fyr •nd•d 31112r21 Charlty no (11 any) 1168897 Sot out on pago8 7 to 11 Iw*m￿ to *KhJd• the pw8 ownber8 of&lditwBI Sheets) We report to the trL*tee8 on examinatlon of the acc(yJnts of the above charity (Ihe CIO") for the year ended 31112r2021 R••pon•lb11ft1•8 and b••l• of r•port A8 the charity tnJ8te88, you are re8ponsible for the preparation of accounts In accordance with the Chariknes Act 2011 (Ihe Act.). We rewt In re8Fect of our 6xaminatlon of the TN8t'8 accounts carr5ed out und8r Section 145 of the 2011 Act and in carying out wr examination, V# have followed all th8 applicabl8 Diraction8 given by the Charlty Comm168ion un(lryr 8edion 145(5){b) of th• Ad. Indowndont We have completed our examination. We confirm that no material mattor8 oxamln•V• Statsmont have ￿rne to our attention in conne<*on with the examination which girf•8 us cause to believe that in, any material respect.: the a¢￿UntIng record8 ￿re not kept in accordance wlth 8ectlon 130 of the Act., or th8 accounts did not accord with the accountlng records., or the accounts did not comply ￿th the applicable requirements conceming the fomi and content of accounts set OLrt in the Chariiies (Accounts and ReFrf8) Regulation8 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter considered as part of an irKleperKlent examination. We have no concems and have corne across no other matters in conneL#ion Wtlh the examinats'on to which attention should be drawn in this report in order to enable a proper understsnding of the accounts to be reached. Slgn•d: 22110122 Name: TaThJ & Co Relevant profes$lonal qualificallon{8) or body (11 any): Assoclation of Chartered Certffied Accourrtants (ACCA) IER 24 Stadium V Addreu: SwirKlon Wiltshire SN25 4ES Section B Disclosure Only complete rf the examiner needs to highlight matters of concem (see CC32, Independent examination of cha'rity accounts.. diredbons and guldance for examiners). Glvo horn dotslls ol any Item• that the examln•r wl•hM to dlKIoM. IER **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ## **STATEMENT OF FINANCIAL ACTIVITIES** |||**2021**|**2020**| |---|---|---|---| |||**Total**|**Total**| ||Notes|**Funds**|**Funds**| |||**£**|**£**| |**INCOME AND EXPENDITURE**|||| |**INCOMING RESOURCES**|||| |Donations|1|**16,913**|**15,641**| |**TOTAL INCOMING RESOURCES**|||| |||**16,913**|**15,641**| |**RESOURCES EXPENDED**|||| |Legal & Professional
Direct charitable expenditure:||**0**|**0**| |Administration||**17,466**|**11,459**| |**TOTAL RESOURCES EXPENDED**|2|**17,466**|**11,459**| |**NET SURPLUS / (DEFICIT)**
**FOR THE PERIOD**||**( 553 )**|**4,182**| |**Fund balances brought forward**
**at 1 January 2021**||
**19,564**|**15,382**| |**Fund balances carried forward**||**19,011**|**19,564**| |**at 31 December 2021**|||| The statement of financial activities contains all the gains and losses recognised in the current year, and the result for this period represents the only movement in reserves. **The notes on pages 9 to 11 form part of these financial statements.** 7 SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TrUSTEES BALANCE SHEEf AS AT 31 DECEIIBER 2021 2021 2020 FIXED ASSETS Freehold Land & &iklng 1750.IXIO 1750,000 SSETS and in harKI 16.621 Debtors 15.643 28.164 29.617 one year NET CURRENT ASSETS 28.117 TOTAL ASSETS L&8S CURRENT UABIUnES 1777 2,778,117 FUNDS I7￿.000 19.011 2.Th,011 2.750.000 19.564 General Fund8 1769,564 LONG TERM LOAN SUKYO MAHIKARI JAPAN 553 17TT.564 2.778,117 TOTAL FUNDS Appro￿ on behalf cl the Tntstees on 18th October 2022 S￿ne￿ ty Sidney Chang Stephen Choo **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ## **1.ACCOUNTING POLICIES** ## **a) Basis of Accounting** The financial statements have been prepared under the historical cost convention and in accordance with the Charities Act 1993 and applicable accounting standards. ## **b) Income** Donations are recognised in the year in which they relate, or if the period is not specified by the donor, in the year to which they are received. All income is accounted for on an accrual basis. ## **c) Direct Charitable Expenditure** Direct charitable expenditure comprises all expenditure incurred which relates directly to the objects of the charity. ## **d) Administration Expenditure** Costs incurred which relate to the general running of the charity are included under this heading. ## **e) Funds** The gift of freehold land and building valued at £2.75m from Sukyo Mahikari Japan is treated as an Endowment Fund. All other monetary donations including gift aid are treated as normal donations. ## **f) Depreciation** Depreciation is provided on all tangible fixed assets at 25% per annum with the exception of freehold land and investment properties. ## **g) Investment Properties** The freehold building that includes the land and building, as stated in the balance sheet, at the valuation of £2.75m is classified as an investment property. This is stated at open market value. There is a commitment to revalue the building periodically and the aggregate surplus or deficit will be transferred to a revaluation reserve. No depreciation is provided on these assets. 9 ## **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ||**2021**
|**2020**| |---|---|---| ||**£**
|**£**| |**2. TOTAL RESOURCES EXPENDED**||| |Total resources expended included the following:||| |Legal & Professional Costs|**0**|**0**| |Utilities|**2,556**|**2,684**| |Maintenance|**9,590**|**4,154**| |Council Tax|**2,695**|**2,556**| |External Examination Fees|**600**|**750**| |Conferences|**0**|**13**| |Insurance|**923**|**909**| |Travel & Correspondence|**201**|**180**| |Bank Charges|**228**|**174**| |Exchange rate losses|**673**|**39**| |The charity does not have any employees||| ## **3. FIXED ASSETS** The freehold land and building at 136 Highbury Hill, London N5 1AT was gifted by Sukyo Mahikari Japan and was independently valued at £2.75m on 24[th] April 2017 by Chris Key BSc FRICS, of Warmans Surveying. The property was registered with the Land Registry on 5[th] October 2017. It was confirmed with HMRC that no stamp duty was payable due to the charitable status of the organisation. The freehold building is classified as an investment property which is not depreciated but is revalued each year at open market value. Any surplus or deficit is transferred to a revaluation reserve. Where a formal independent valuation is not carried out, two of the trustees will carry out this valuation jointly and record their result accordingly in the accounts. As at the balance sheet date, the value of the asset in aggregate was not expected to differ significantly from the 2017 valuation so that no transfer to the revaluation reserve was considered necessary. **Valuation as at 01/01/202 2,750,000 2,750,000 Revaluation 0 0 Valuation as at 31/12/2021 2,750,000 2,750,000** 10 **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021** ||**2021**|**2020**| |---|---|---| ||**£**|**£**| |**4. DEBTORS**||| |Debtors|**12,521**|**12,996**| |**5. CREDITORS :AMOUNTS FALLING DUE MORE**|**8,553**|**8,553**| |**THAN ONE YEAR**||| |Long Term Loan from Sukyo Mahikari JAPAN||| |The long term loan is for a period of 10 years from 2016 and is||| |interest free. Repayment commences from 5thyear of the loan. Due||| |to the Covid restrictions and the current adverse financial situation||| |the Trustees has deferred the loan repayment for the time being.||| ## **6. FUNDS** ||Endowment|General|Total| |---|---|---|---| ||Fund|Funds|Funds| ||**£**|**£**|**£**| |Balance at 1stJanuary 2021|2,750,000|19,564|2,769,564| |Movement in Resources|||| |Incoming||16,913|16,913| |Outgoing||(17,466)|(17,466)| |Balance at 31stDecember 2021|2,750,000|19,011|2,769,011| ## **7. TRUSTEES’ REMUNERATION AND EXPENSES** The trustees did not receive any remuneration and there was no reimbursement of expenses during the year ( £ nil in 2020 ) 11