## **SUKYO MAHIKARI YOKO FORUM CIO** **FINANCIAL STATEMENTS** **FOR THE YEAR ENDED 31 DECEMBER 2023** **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** 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 Takahisa KARIYA (7th Nov 2023) Kochi OKANO (29th Aug 2024) ## **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 2023** The Trustees of Sukyo Mahikari Yoko Forum CIO have the pleasure in submitting the Report and Accounts for the year ending 31[st] December 2023 ## **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** In 2023, we actively reached out to other organisations that share similar outlooks and goals in the expectation of developing productive and original outcomes. This entailed building on personal relationships that had been initiated and nurtured over the previous five years and which were temporarily halted by the pandemic. Private behind the scenes negotiations and meetings, all time-consuming, were commonplace throughout the year. In June, for the first time, we officially took part in the Great Green Week, an event that was held at St Johns, Waterloo. This annual event is organised by Faith For The Climate (FFTC). We used this opportunity to publicly launch the concept of _One Pot Gardening_ , a hands-on project that can help young people to connect with nature. This concept has been developed by Frank Adams, a holistic organic gardening expert and lecturer stationed in Luxembourg and twice a guest presenter at the Yoko Forum (2018 and 2019). As a follow-up to our participation in the Great Green Week, in early July, a group of young people representing Brahma Kumaris and the Yoko Forum took part in a talk and workshop led by Frank Adams on the subject “Seeds of Hope: Shifting consciousness through the power of nature”. Later that month, the Yoko Forum participated in a special open day activity at the newly re-opened Brahma Kumaris Global Retreat Centre in Oxfordshire. Because of the interest expressed in the One Pot Gardening project, we are exploring the feasibility of a workshop around this project for teachers and other educators who feel that many children are lacking real-life experiences and practical objectives in a world dominated by small screens. Finally, in September, we held a ninth anniversary event at the Yoko Forum with participants in house and online. Although activities throughout year might seem sparse, as explained above, there was much behind the scenes activity, formal and informal, focussed on developing a working relationship with other organisations. As will be evident in the report for next year (2024), in conjunction with Brahma Kumaris, in January 2024, we held a highly successful public talk themed “Reconnecting with Mother Nature” where a guest speaker representing the Yoko Forum gave an inspiring talk about the involvement of young people in the Great Green Wall 3 SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 reforestation project in Africa. The success of this January 2024 activity was a result of extensive planning and negotiations in the third quarter of 2023. Achievements 2023 saw a growing maturity and Confiden￿ in reaching our goal of working with others to help build a more sustainable, bright and positive society where respect for nature, the environment and other people, and a spirit of service, are promoted and re-invigorated. In this respect, we have continued our efforts to nurture a core group of young people who can become role models and attruistic leaders who have a deep sense of servi￿. Nurturing young people is neither an easy nor straightforward exercise especially given the numerous distractions, short attention spans and self-￿ntrQdnesS tendencies that typify society today. Nevertheless, we will continue and expand our efforts to nurture young people as the young people are both our future and our hope. Financial Review The Trustees expressed their deep gratitude to their supporters both in the UK and oth8r countries of the EU for their continued support despite the more challenging economic climate of higher inflation and energy costs. Income from donations decreased to £13,953 compared to the previous year of £18,594. Expenses increas￿1 by £2,406 to £12,930 due to muth higher energy and maintenance costs. This resulted in a Net Surplus of £1,023 for the year and a Net Surplus of £28,104 carried over to next year. The long term loan from Sukyo Mahikari Japan remain unchanged at £8,553. It is our intention to ensure sufficient reserves are in pla￿ to fund our activities for at least three years, to r@pay back any outstanding loans and to use remaining reSoUr￿S to supp)rt more activities compatible to our aims Trustees The charity trustees who served during the year were: Koichiro FUJISAKI Dr Sidney CHANG Stephen Choo Paul PErrERSEN Takahisa I **Report to the trustees/** SUKYO MAHIKARI YOKO FORUM CIO **members of** **On accounts for the year** 31/12/23 **ended** **Charity no** 1168897 **(if any)** **Set out on pages** 7 to 12 (remember to include the page numbers of additional sheets) We report to the trustees on our examination of the accounts of the above charity (“the CIO”) for the year ended 31/12/2023 **Responsibilities and basis of report** As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (“the Act”). We report in respect of our examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out our examination, we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** We have completed our examination. We confirm that no material matters have come to our attention in connection with the examination which gives us cause to believe that in, any material respect,: - the accounting records were not kept in accordance with section 130 of the Act; or - the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 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. We 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. |**Signed:**
**Name:**|Tang & Co|29/09/24| |---|---|---| |||| ||Tang & Co|| **Relevant professional** Association of Chartered Certified Accountants (ACCA) **qualification(s) or body (if any):** **IER** 5 24 Stadium View **Address:** Swindon Wiltshire SN25 4ES ## **Section B Disclosure** Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners). **Give here details of any items that the examiner wishes to disclose** . **IER** 6 **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** |**STATEMENT OF FINANCIAL ACTIVITIES**||| |---|---|---| ||**2023**|**2022**| ||**Total**|**Total**| |Notes||| ||**Funds**|**Funds**| |**INCOME AND EXPENDITURE**|**£**|**£**| |**INCOMING RESOURCES**||| |Donations
1|**13,953**|**18,594**| |**TOTAL INCOMING RESOURCES**||| ||**13,953**|**18,594**| |**RESOURCES EXPENDED**||| |Legal & Professional
Administration


2|**12,930**
**0**|**10,524**
**0**| |**TOTAL RESOURCES EXPENDED**

|**12,930**|**10,524**| |**NET SURPLUS / (DEFICIT)**
|**1,023**|**8,070**| |**FOR THE PERIOD**||| |**Fund balances brought forward**
|**27,081**|**19,011**| |**at 1 January 2023**||| |**Fund balances carried forward**
|**28,104**|**27,081**| |**at 31 December 2023**||| 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 12 form part of these financial statements.** 7 SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023 BALANCE SHEET AS AT 31 DECEMBER 2023 Notes 2023 2022 FIXED ASSETS Freehold Land & Building 2,750,000 2.750,000 CURRENT ASSETS Cash at bank and in hand 53.779 30,080 Debtors 53.779 36,234 Creditors: amount due within one year NET CURRENT ASSETS 17.122 600 36,657 35,634 TOTAL ASSETS LESS CURRENT LIABIUTIES 2,786,657 2.786.634 FUNDS Endowment Fund 2,750.000 2,750.000 General Funds 27,081 2,778,104 1777,081 8,553 LONG TERM LOAN SUKYO MAHIKARI 8.553 JAPAN TOTAL FUNDS 2.786 657 2 785.634 Approved on behalf of the Trustees on 28th September 2024 Signed by Signed by Sidnoy Chang Trustee St•phen Choo Trustee The notes on pages 9 to 12 forni part of these financial statsmonts. **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** ## **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 2023** ||**2023**
|**2022**| |---|---|---| ||**£**
|**£**| |**2. TOTAL RESOURCES EXPENDED**||| |Total resources expended included the following:||| |Legal & Professional Costs|**0**|**0**| |Utilities|**4,731**|**3,850**| |Maintenance|**2,273**|**1,222**| |Council Tax|**2,982**|**2,820**| |External Examination Fees|**600**|**600**| |Conferences|**847**|**181**| |Insurance|**1,083**|**976**| |Travel & Correspondence|**494**|**196**| |Bank Charges|**274**|**134**| |Exchange (gains) / losses|**(354)**|**545**| |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 01/01/2023 2,750,000 2,750,000 Revaluation 0 0 Valuation as at 31/12/2023 2,750,000 2,750,000** 10 **SUKYO MAHIKARI YOKO FORUM CIO REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2023** |||**2023**|**2022**| |---|---|---|---| |||**£**|**£**| |**4. DEBTORS**|||| |Debtors||
**0**|**6,154**| |**5. CREDITORS: AMOUNTS DUE WITHIN**||**17,122**|**600**| |**ONE YEAR**|||| |**6. 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 and is interest|||| |free. Repayment commences from 5thyear of|the loan. Due to||| |the current financial situation the Trustees has deferred the|||| |loan repayment for the time being.|||| |**7. FUNDS**|||| ||Endowment|General|Total| ||Fund|Funds|Funds| ||**£**|**£**|**£**| |Balance at 1stJanuary 2023|2,750,000|27,081|2,777,081| |Movement in Resources|||| |Incoming||13,953|13,953| |Outgoing||(12,930)|(12,930)| |Balance at 31stDecember 2023|2,750,000|28,104|2,778,104| ## **8. TRUSTEES’ REMUNERATION AND EXPENSES** The trustees did not receive any remuneration and there was no reimbursement of expenses during the year ( £ nil in 2022 ) 11