2023-09-30-accounts - Paula Hallett Wisma Mulia Trust

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PAULA HALLETT WISMA MULIA TRUST

TRUSTEES REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2023

REGISTERED CHARITY NUMBER 290531

PAULA HALLETT WISMA MULIA TRUST CONTENTS

	Pages
Trustees' report	1 & 2
Independent examiner's report	3
Receipts and payments account	4
Statement of assets and liabilities	5
Notes to the financial statements	6

PAULA HALLET WISMA MULIA TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023

The trustees present their report and the financial statements for the year ended 30 September 2023.

The financial statements comply with the Charities Act 2011 and 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 United Kingdom and the Republic of Ireland (FRS102) effective from 1 January 2016.

Charitable objectives

The relief of poverty, hardship and sickness by:

i) The provision of facilities, benefits, financial assistance, amenities and services of all kinds to such persons as are accommodated in the Wisma Mulia home for elderly Subud members and as are in need of assistance by reason of reduced financial circumstances or of physical or mental incapacity;
ii) The provision of facilities, benefits, financial assistance, amenities and services of all kinds to aged members of the Subud brotherhood as are in need of assistance by reason of reduced financial circumstances or of physical or mental incapacity: and
iii) The establishment, promotion or provision of hospital and medical treatment.

Public benefit statement

The charity's trustees have complied with their duty to have due regard to the guidance on public benefit published by the Charity Commission in exercising their powers and duties.

Financial review

At the end of the financial year, the charity held £47,245 (2022: £232,209) of bank deposits and investments valued at £585,027 (2022: £420,084).

Structure, governance and management

The charity is registered as a charity with the Charity Commission as charity number 290531. There are three trustees at the date of signing this report. The trust was established on 28 November 1984. The registered office is situated at Wayland, Sellars Road, Hardwicke, Gloucestershire. GL2 4QD.

Trustees

Mr R Coker Mrs AME Barker Mrs R Harwood Mr DA Barker Mr R Millard

PAULA HALLET WISMA MULIA TRUST TRUSTEES REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2023

Trustees' responsibilities

Trustees are required to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the profit or loss of the charity for that year. In preparing these financial statements, the trustees are required to:

Select suitable accounting policies and apply them consistently; Make judgements and estimates that are reasonable and prudent;

State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and

Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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.

Statement as to disclosures to the independent examiner

In so far as the trustees are aware, at the date of signing this report:

i) there is no relevant information needed by the independent examiner in connection with preparing their report of which the independent examiner is unaware; and
ii) the trustees, having made enquiries of fellow trustees and the independent examiner that they ought to have individually taken, have each taken all steps that they are obliged to take as trustees in order to make themselves aware of any relevant information and to establish that the independent examiner is aware of that information.

Accountants

David SM Elliott & Company Limited have expressed their willingness to continue as accountants to the charity.

Approved by the trustees on 13 January 2024 and signed on their behalf.

. . . . . . . . . . . . . . . . . . . . AME Barker (Chair)

PAULA HALLET WISMA MULIA TRUST INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES OF PAULA HALLET WISMA MULIA TRUST FOR THE YEAR ENDED 30 SEPTEMBER 2023

We have examined the financial statements on pages 4 to 6 which have been prepared on the basis of the accounting policies set out on page 6.

Respective responsibilities of trustees and examiner

The trustees of the charity are responsible for preparing the financial statements and consider that the audit requirement under Section 144(2) of the Charities Act 2011 does not apply. We have been appointed under Section 145 of the Charities Act 2011 and report in accordance with regulations made under Section 145(5)(b) of the Act. It is our responsibility to examine the accounts without performing an audit and to report to the trustees.

Basis of examiner's statement

This report is in respect of an examination carried out under Section 145 of the Charities Act 2011 and in accordance with directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity's trustees and comparison of the accounts presented with those records. It also includes a review of the accounts and the making of such enquiries as are necessary for the purposes of this report. The procedures undertaken do not constitute an audit.

Examiner's statement

In connection with our examination, no matter has come to our attention

1 which gives us reasonable cause to believe that, in any material respect, the requirements:
i) to keep accounting records in accordance with Section 130 of the Charities Act 2011; and
ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011

have not been met; or

2 to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

David SM Elliott & Company Limited Chartered Accountants

PAULA HALLET WISMA MULIA TRUST RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 30 SEPTEMBER 2023

GENERAL FUND Receipts Bequests and donations Loan repayments Investment income Payments Grants toward residents' fees Aids for residents Social activities for residents Grants to elderly persons in need Loans Independent examiner's fees Investment management fees OVERALL (DEFICIT)/SURPLUS OF RECEIPTS OVER EXPENDITURE BANK ACCOUNTS SUMMARY Net receipts/(payments) for the year Bank deposits at 1 October 2022 (including Brewin Dolphin accounts) Investments - net investments (purchases less sales) Bank deposits at 30 September 2023	£ £ £ £ 3,085 200,073 12,010 10 13,415 8,601 28,510 208,684 4,514 11,482 27,419 100 7,175 9,898 - 1,500 - 13,500 400 400 5,724 4,867 45,232 41,747 (16,722) 166,937 (16,722) 166,937 232,209 46,247 (168,242) 19,025 47,245 232,209 2023 2022	£ £ £ £ 3,085 200,073 12,010 10 13,415 8,601 28,510 208,684 4,514 11,482 27,419 100 7,175 9,898 - 1,500 - 13,500 400 400 5,724 4,867 45,232 41,747 (16,722) 166,937 (16,722) 166,937 232,209 46,247 (168,242) 19,025 47,245 232,209 2023 2022

		166,937
		166,937 46,247 19,025
		232,209

PAULA HALLET WISMA MULIA TRUST STATEMENT OF ASSETS AND LIABILITIES AS AT 30 SEPTEMBER 2023

MONETARY ASSETS NatWest current account Brewin Dolphin income account Brewin Dolphin dealing account OTHER ASSETS Loans Dividends pending (declared but not yet paid) INVESTMENTS Brewin Dolphin LIABILITIES Independent examiner's fees Investment management fees NET ASSETS INVESTMENTS - NET REALISATIONS Disposal of investments Purchase of investments	2023 £ 39,425 1,322 6,498 47,245 3,280 637 3,917 585,027 585,027 (400) (1,443) (1,843) 634,346 28,122 (196,364) (168,242)	2022 £ 201,313 466 30,430
		232,209
		15,290 -
		15,290
		420,084
		420,084
		(400) (1,334)
		(1,734)
		665,849
		85,004 (65,979)
		19,025

PAULA HALLET WISMA MULIA TRUST NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

1 Accounting policies - accounting convention

The accounts have been prepared in accordance with Section 133 of the Charities Act 2011 which permits the charity to prepare a 'receipts and payments account' for the year and a 'statement of assets and liabilities' at the year end.

2 Remuneration of trustees

The trustees received no remuneration.