2020-07-31-accounts - Nan Ping Spiritual Cultivation Organization Of The UK

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Cvompany Registered number 10493417

Charity number 1186388

Nan Ping Spiritual Cultivation Organisation of the UK

Trustee's Report and Accounts

31 July 2020

Nan Ping Spiritual Cultivation Organisation of the UK Registered number 10493417 Trustee's Annual Report

The trustees present their report and accounts for the year ended 31 July 2020.

Trustees

The following persons served as trustees during the year: Chen Ya Yang Pao-Hsi Su Wang Tzu-Tan Huang Siew Hiong Han Secretary Hao-Chih Su (appointed 3 Nov. 2020) Charity Registration number 1186388 Charity’s principal address 3 Allington Road Hendon Central London NW4 3EA Accountant Lisa's Accountancy Limited Room 2C05 Techno Park Building South Bank University 90 London Road London SE1 6LN Bankers Barclays Bank 1 Church Hill Place London E13 5BH Independent Examiner David Sloggett FCCA Mills Hendy Audit Ltd 2 Beverely Court 26 Elmtree Road Teddington TW11 8ST

Nan Ping Spiritual Cultivation Organisation of the UK Registered number 10493417 Trustee's Annual Report

Objectives

The principal objects of the Charity are for the public benefit to advance spiritual, mental and moral improvement by promoting the teachings of Tao and Confucius. It aims to spread core values of Dao which make for a better, more tolerant, open and peaceful society.

Statement of Faith

We believe that there is one God, we believe God is what we called the Dao, eternally existent in everything. We believe that the Dao ultimately governs everything.

We believe that the Dao is the origin, and the Dao is also the law of everything.

We believe that all souls are given life by Dao, invisible from our naked eye, yet it manifests as the quality of morality as kindness, virtuous and truthfulness.

We believe that everyone’s soul come from Dao, everyone’s life is given by Dao, and everything relies on Dao.

We believe that by helping our fellow people to actualising the indwelling of Dao within everyone, enables them to live a godly life. A life that is with good quality, morality, loyalty, civility, respect and autonomously harmonious.

Structure, governance and management

Nan Ping Spiritual Cultivation Organization of the UK was founded as a Company Limited by Guarantee and not having a Share Capital in November 2016 and registered as a faith-based charitable company in November 2019.

We aim to spread the core values of the faith “I-Kuan (Tian) Dao” which is rooted in Chinese tradition and based on the teachings of Tao (Dao) and Confucius. The doctrines and the teachings emphasise values such as family, honour, respect and moderation, vegetarianism, self-discipline and high morals and ethics.

The trustees are responsible for the management of the organisation. The trustees are fully aware of the teachings of Dao and Confucius and I-Kuan Tao values when making decisions, and always keep in mind the objects of the Organisation when discuss and review which activities to be carried out by the organisation. The trustees and

All trustees give of their time freely and no trustee remuneration was paid in the year. The trustees are required to disclose all relevant interests and where necessary withdraw from decisions where a conflict arises.

Grant-making policy

The charity is mainly funded by donation, which is given by either bank online transfer or cash deposit of collection box. The charity is still at its initial years as it just starts up in the country and due to the difficult situation of Covid-19 pandemic since early 2020, the funding was primarily supported by the members of the overseas associated organisations and a few followers in the UK.

The trustees have taken the due diligence procedures seriously, an Anti-Money Laundering Policy is applied, which includes verifying the identity of donors before accepting any donations.

ACTIVITES AND ACHIEVEMENTS

a. Property extension and refurbishment

In 2019, the organisation was doing the extension and refurbishment of the property, which is planned to be used as an accommodation for religious workers and volunteers, and a small temple for worship. The project was completed by end of 2019, and a celebration gathering was hold on 9 February 2020. The donors from the overseas came to attend the celebration, in which they met several local people and shared their stories of testimony.

Nan Ping Spiritual Cultivation Organisation of the UK Registered number 10493417 Trustee's Annual Report

b. Prayer

The Charity provide access to worship service, through which the Charity will help nurture good citizens who in turn will be beneficial to a more tolerant society by instilling the core values of I- Kuan Dao.

c. Scriptures reading assembly

Small group gathering for Dao scriptures readings is arranged on Sundays fortnightly. At the gatherings, people have an opportunity to discuss how to improve their lifestyle and spiritual quality from the holy teachings and share words of encouragement. Vegetarianism and the basic ethical and moral principle of family and social relations are the two core topics in the first few years, which help to build up a more harmonious environment and society.

d. Encourage volunteering

Volunteering plays a very important part in our religious practice, which help to develop a selfless and merciful heart and strengthen a higher spiritual level with morals and ethics power. Therefore, we encourage all members of our religion to be involved in voluntary activities and to share their skills, experiences and testimonies of faith with others.

New friends are introduced by the trustees and in the neighbourhood, people are from various religious and cultural background, and they were also invited to the reading gatherings and the opening celebration. We have very positive feedback from them. Before, the Covid-19 Lockdown, they were willing to bring their friends and families to the temple. Many of them are learning to try vegetarian diet, and some of them have become vegans. A gentleman aged 60 was introduced to the temple after the first Lockdown finished. His wife and children left him during the first Lockdown, and he was seriously stroked by the shock and was mentally unstable. After learning the teachings, and regularly doing voluntary work at the temple, he’s having a more positive mindset, and becoming calmer and happier. An elderly Asian couples of the neighbourhood were so excited when they first met and have known that there is a holy place where they can worship and cultivate, which make them so happy.

Unfortunately, all the activities have been suspended since the first National Lockdown due to Covid-19. Since then, we use social media and telephony to reach people and do individual caring, especially to the elderly and those who are living alone.

Trustee's responsibility statements

The trustees are required under the law applicable to charities in England and Wales to prepare a trustee’s report and financial statements for each financial year which give a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year.

The trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the trustees, on 26 /05/2021 and signed on their behalf by

Chen Ya Yang Director & trustee Chen-Ya Yang

Nan Ping Spiritual Cultivation Organisation of the UK Independent examiner's report to the member of Nan Ping Spiritual Cultivation Organisation of the UK on account for the year ended 31 July 2020 Charity No.: 1186388 Company No.: 10493417

I report to the charity on my examination of the accounts of the Company for the year ended 31/07/2020.

Responsibilities and basis of report

As the charity's trustees of the company(who are also the directors of the company for the purpose of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006("the 2006 Act").

Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's account as carried out under the section 145 of the Charities Act 2011("the 2011 Act"). In carrying out my examination, I have followed the Directions given by the Charity Commission(under section 145(b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

the accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or
the accounts do not comply with the relevant accounting requirements under section 396 of the Companies

Act 2006 other than any requirement that the account give a 'true and fair' view which is not a matter considered as part of an independent examination; or

the accounts have not been prepared in accordance with the Charities SORP(FRS102).

I 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: Date: 28 May 2021

Name: David Sloggett FCCA, On behalf of Mills Hendy Audit Ltd

Relevent professional qualificatiuon or boby : Assiciation of Chartered Certified Accountants

Address: 2 Beverley Court 26 Elmtree Road Teddington TW11 8ST

Nan Ping Spiritual Cultivation Organisation of the UK Profit and Loss Account for the year ended 31 July 2020

Donation received Cost of sales Gross profit Administrative expenses Operating profit Interest receivable Profit before taxation Tax on profit Profit for the financial year	2020 £ 172,342 - 172,342 (21,291) 151,051 5 151,056 - 151,056	2019 £ 358,663 - 358,663 (211,919) 146,744 8 146,752 - 146,752

Nan Ping Spiritual Cultivation Organisation of the UK Registered number: 10493417 Balance Sheet as at 31 July 2020

Notes Fixed assets Tangible assets 4 Current assets Debtors 5 Cash at bank and in hand Creditors: amounts falling due within one year 6 Net current assets Net assets Capital and reserves Profit and loss account Shareholder's funds	2020 £ 1,643,940 6,004 335,424 341,428 (12,859) 328,569 1,972,509 1,972,509 1,972,509	1,723 195,234 196,957 (14,056)	2019 £ 1,638,552 182,901 1,821,453 1,821,453 1,821,453

The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.

Chen-Ya Yang

Chen Ya Yang Director Approved by the board on 26 May 2021

Nan Ping Spiritual Cultivation Organisation of the UK Notes to the Accounts for the year ended 31 July 2020

1 Accounting policies

Tangible fixed assets

Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

Freehold buildings over 50 years Leasehold land and buildings over the lease term Plant and machinery over 5 years Fixtures, fittings, tools and equipment over 5 years

Investments

Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.

Debtors

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Creditors

Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

Provisions

Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

Foreign currency translation

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Nan Ping Spiritual Cultivation Organisation of the UK Notes to the Accounts for the year ended 31 July 2020

2 Independent examiner information

The report is unqualified.

Independent examiner: David Sloggett FCCA Firm: Mills Hendy Audit Ltd Date of report: 28/05/2021

3 Employees Average number of persons employed by the company 4 Tangible fixed assets Land and buildings £ Cost At 1 August 2019 1,635,960 Additions - At 31 July 2020 1,635,960 Depreciation At 1 August 2019 - Charge for the year - At 31 July 2020 - Net book value At 31 July 2020 1,635,960 At 31 July 2019 1,635,960 5 Debtors Other debtors 6 Creditors: amounts falling due within one year Trade creditors Other creditors	2020 Number 4 Plant and machinery etc £ 659 8,989 9,648 217 1,451 1,668 7,980 442 2020 £ 6,004 2020 £ 5,617 7,242 12,859	2019 Number 4 Total £ 1,636,619 8,989 1,645,608 217 1,451 1,668 1,643,940 1,636,402 2019 £ 1,723 2019 £ 6,813 7,243 14,056

Nan Ping Spiritual Cultivation Organisation of the UK Notes to the Accounts for the year ended 31 July 2020

7 Other information

Nan Ping Spiritual Cultivation Organisation of the UK is a private company limited by shares and incorporated in England. Its registered office is:

3 Allington Road

Hendon Central

London

NW4 3EA

Nan Ping Spiritual Cultivation Organisation Of The UK Detailed profit and loss account items for the year ended 31 July 2020

This schedule does not form part of the statutory accounts

Donation Income Donation Other income Interest receivable Staff costs Travel and subsistence Motor expenses Depreciation and other amounts written off assets Depreciation Other charges Premises costs: Rent Rates Service charges Light and heat Cleaning General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Bank charges Insurance Equipment expensed Repairs and maintenance Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional Other Other direct costs	2020 £ 172,342 5 518 - 518 1,450 - 3,597 - 405 995 4,997 492 28 474 312 59 1,723 449 1,107 - 4,644 1,920 5,060 6,980 2,702 2,702 19,323	2019 £ 358,663 8 - 19 19 217 13,025 2,754 4,674 2,085 3,054 25,592 - 114 32 - 52 - - 167,015 10,571 177,784 2,642 5,665 8,307 - - 211,683

Nan Ping Spiritual Cultivation Organisation Of The UK Detailed profit and loss account items for the year ended 31 July 2020

This schedule does not form part of the statutory accounts

Donation Income Donation Other income Interest receivable Staff costs Travel and subsistence Motor expenses Depreciation and other amounts written off assets Depreciation Other charges Premises costs: Rent Rates Service charges Light and heat Cleaning General administrative expenses: Telephone and internet Postage Stationery and printing Subscriptions Bank charges Insurance Equipment expensed Repairs and maintenance Sundry expenses Legal and professional costs: Accountancy fees Other legal and professional Other Other direct costs	2020 £ 172,342 5 518 - 518 1,450 - 3,597 - 405 995 4,997 492 28 474 312 59 1,723 449 1,107 - 4,644 1,920 5,060 6,980 2,702 2,702 21,291	2019 £ 358,663 8 - 19 19 217 13,025 2,754 4,674 2,085 3,054 25,592 - 114 32 - 52 - - 167,015 10,571 177,784 2,642 5,665 8,307 - - 211,919

Signature: Chen Ya Yang Chen-Ya Yang (May 28, 2021 18:10 GMT+1) Email: f.nanpinguk@gmail.com