REGISTERED COMPANY NUMBER: 00507072 (England and Wales) REGISTERED CHARITY NUMBER: 280035
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
FOR
WHITE LODGE ASSOCIATION LIMITED
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
WHITE LODGE ASSOCIATION LIMITED
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Statement of Financial Position | 5 | to | 6 |
| Notes to the Financial Statements | 7 | to | 13 |
| Detailed Statement of Financial Activities | 14 | to | 15 |
WHITE LODGE ASSOCIATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Financial Reporting Standard for Smaller Entities published on 16th July 2014, the Financial Reporting Standard for Smaller Entities (effective January 2015) and the Companies Act 2006.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The charity promotes the principles and practice of Spiritual Psychotherapeutics in education and healing, business and health systems. Our aim is to support the harmonious awakening of the whole Human Being.
Under the umbrella of Spiritual Psychotherapeutics, our work is founded upon research and development in the fields of Light, Colour and Sound and its practical application into all areas of everyday life. Therapeutically this is vibration medicine. Educationally it enhances individual potential within their life and profession. In consciousness, this opens the field of interdimensional living.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number
00507072 (England and Wales)
Registered Charity number
280035
Registered office
Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
Trustees
Mr P M Goldman Osteopath Mr G Montague Smith Osteopath
Independent Examiner
Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
Page 1
WHITE LODGE ASSOCIATION LIMITED
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2021
...................................................................... Mr P M Goldman - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WHITE LODGE ASSOCIATION LIMITED
Independent examiner's report to the trustees of White Lodge Association Limited ('the Company')
I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2021.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes 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 under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under 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(5) (b) of the 2011 Act.
Independent examiner's statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Acuity Professional
Debbie Hargreaves Acuity Professional Partnership LLP Unit 2.02 High Weald House Glovers End Bexhill East Sussex TN39 5ES
Date: ............................................. 29th November 2021
Page 3
WHITE LODGE ASSOCIATION LIMITED
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 49,179 Other trading activities 2 7,715 Investment income 3 7 Total 56,901 EXPENDITURE ON Raising funds 18,030 Charitable activities Treatment and courses 25,171 Management expenses 952 Other 720 Total 44,873 NET INCOME/(EXPENDITURE) 12,028 RECONCILIATION OF FUNDS Total funds brought forward 113,259 TOTAL FUNDS CARRIED FORWARD 125,287 |
2020 Total funds £ 19,277 1,500 8 20,785 15,519 46,606 1,936 - 64,061 (43,276) 156,535 113,259 |
|---|---|
The notes form part of these financial statements
Page 4
WHITE LODGE ASSOCIATION LIMITED
STATEMENT OF FINANCIAL POSITION 31 MARCH 2021
| 2021 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 7 480 CURRENT ASSETS Stocks 8 720 Debtors 9 973 Cash at bank 124,095 125,788 CREDITORS Amounts falling due within one year 10 (981) NET CURRENT ASSETS 124,807 TOTAL ASSETS LESS CURRENT LIABILITIES 125,287 NET ASSETS 125,287 FUNDS 11 Unrestricted funds 125,287 TOTAL FUNDS 125,287 |
2020 Total funds £ 603 1,440 1,119 111,077 113,636 (980) 112,656 113,259 113,259 113,259 113,259 |
|---|---|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2021.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2021 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
-
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The notes form part of these financial statements
continued...
Page 5
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WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2021
1. ACCOUNTING POLICIES
BASIS OF PREPARING THE FINANCIAL STATEMENTS
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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 Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
INCOME
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
EXPENDITURE
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Plant and machinery | - 20% on reducing balance |
|---|---|
| Fixtures and fittings | - 25% on reducing balance |
| Computer equipment | - 33% on cost |
STOCKS
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.
TAXATION
The charity is exempt from corporation tax on its charitable activities.
FUND ACCOUNTING
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 7
WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
2. OTHER TRADING ACTIVITIES
| 2. | OTHER TRADING ACTIVITIES | ||
|---|---|---|---|
| 2021 | 2020 | ||
| £ | £ | ||
| Colour treatment and healing | - | 250 | |
| Sales - Books, cards and tapes | - | 1,250 | |
| Bank refunds | 7,715 | - | |
| 7,715 | 1,500 | ||
| 3. | INVESTMENT INCOME | ||
| 2021 | 2020 | ||
| £ | £ | ||
| Deposit account interest | 7 | 8 | |
| 4. | NET INCOME/(EXPENDITURE) | ||
| Net income/(expenditure) is stated after charging/(crediting): | |||
| 2021 | 2020 | ||
| £ | £ | ||
| Depreciation - owned assets | 123 | 303 | |
| Other operating leases | 16,385 | 32,238 |
5. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2021 nor for the year ended 31 March 2020.
TRUSTEES' EXPENSES
There were no trustees' expenses paid for the year ended 31 March 2021 nor for the year ended 31 March 2020.
continued...
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WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 6. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |
|---|---|---|
| Unrestricted | ||
| fund | ||
| £ | ||
| INCOME AND ENDOWMENTS FROM | ||
| Donations and legacies | 19,277 | |
| Other trading activities | 1,500 | |
| Investment income | 8 | |
| Total | 20,785 | |
| EXPENDITURE ON | ||
| Raising funds | 15,519 | |
| Charitable activities | ||
| Treatment and courses | 46,606 | |
| Management expenses | 1,936 | |
| Total | 64,061 | |
| NET INCOME/(EXPENDITURE) | (43,276) | |
| RECONCILIATION OF FUNDS | ||
| Total funds brought forward | 156,535 | |
| TOTAL FUNDS CARRIED FORWARD | 113,259 |
continued...
Page 9
WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
7. TANGIBLE FIXED ASSETS
| Fixtures Plant and and Computer machinery fittings equipment £ £ £ Cost At 1 April 2020 and 31 March 2021 42,637 18,216 445 Depreciation At 1 April 2020 42,087 18,163 445 Charge for year 110 13 - At 31 March 2021 42,197 18,176 445 Net book value At 31 March 2021 440 40 - At 31 March 2020 550 53 - 8. STOCKS 2021 £ Goods for resale 720 9. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ VAT 973 |
Totals £ 61,298 |
Totals £ 61,298 |
|---|---|---|
| 60,695 123 |
||
| 60,818 | ||
| 480 | ||
| 603 | ||
| 2020 £ 1,440 |
||
| 2020 £ 1,119 |
continued...
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WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
| 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Accrued expenses 11. MOVEMENT IN FUNDS At 1.4.20 £ Unrestricted funds General fund 113,259 TOTAL FUNDS 113,259 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 56,901 TOTAL FUNDS 56,901 Comparatives for movement in funds At 1.4.19 £ Unrestricted funds General fund 156,535 TOTAL FUNDS 156,535 |
2021 2020 £ £ 981 980 Net movement At in funds 31.3.21 £ £ 12,028 125,287 12,028 125,287 Resources Movement expended in funds £ £ (44,873) 12,028 (44,873) 12,028 Net movement At in funds 31.3.20 £ £ (43,276) 113,259 (43,276) 113,259 |
|---|---|
continued...
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WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
11. MOVEMENT IN FUNDS - continued
Comparative net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 20,785 | (64,061) | (43,276) |
| TOTAL FUNDS | 20,785 | (64,061) | (43,276) |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.4.19 £ 156,535 156,535 |
Net movement in funds £ (31,248) (31,248) |
At 31.3.21 £ 125,287 |
|---|---|---|---|
| 125,287 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 77,686 | (108,934) | (31,248) |
| TOTAL FUNDS | 77,686 | (108,934) | (31,248) |
continued...
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WHITE LODGE ASSOCIATION LIMITED
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 MARCH 2021
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 March 2021.
13. CHARITABLE COMPANY STATUS
The charitable company is limited by guarantee and has no share capital. In the event of winding up the members are liable to make a contribution not exceeding £1 per member.
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WHITE LODGE ASSOCIATION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2021 | 2020 | |
|---|---|---|---|
| £ | £ | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies | |||
| Donations and legacies | 49,179 | 19,277 | |
| Other trading activities | |||
| Colour treatment and healing | - | 250 | |
| Sales - Books, cards and tapes | - | 1,250 | |
| Bank refunds | 7,715 | - | |
| 7,715 | 1,500 | ||
| Investment income | |||
| Deposit account interest | 7 | 8 | |
| Total incoming resources | 56,901 | 20,785 | |
| EXPENDITURE | |||
| Raising donations and legacies | |||
| Consultancy fees | 18,030 | 15,519 | |
| Charitable activities | |||
| Rent and service charge | 16,385 | 32,238 | |
| Rates and water | 3,883 | 2,294 | |
| Insurance | 865 | 645 | |
| Light and heat | 577 | 3,056 | |
| Motor expenses | 1,561 | 1,158 | |
| Computer expenses | 530 | 3,964 | |
| Gardening | 96 | 1,986 | |
| Depreciation of tangible fixed assets | 123 | 303 | |
| 24,020 | 45,644 | ||
| Other | |||
| Stock written off | 720 | - | |
| Support costs | |||
| Management | |||
| Bank charges | 441 | 844 | |
| Carried forward | 441 | 844 |
This page does not form part of the statutory financial statements
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WHITE LODGE ASSOCIATION LIMITED
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2021
| 2021 | 2021 | 2020 | 2020 | |
|---|---|---|---|---|
| £ | £ | |||
| Management | ||||
| Brought forward | 441 | 844 | ||
| Telephone | 388 | 789 | ||
| Postage and stationery | 294 | 285 | ||
| 1,123 | 1,918 | |||
| Governance costs | ||||
| Accountancy | 980 | 980 | ||
| Total resources expended | 44,873 | 64,061 | ||
| Net income/(expenditure) | 12,028 | (43,276) |
This page does not form part of the statutory financial statements
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