Okido Natural Health Education Trust CIO
Charity registration number: 326669
Trustees’ Annual Report
for the period from 1 September 2022 to 31 August 2023
Objectives and Activities
| SORP reference |
||
|---|---|---|
| Summary of the purposes of the charity as set out in its governing document |
Para 1.17 | The main objects of the CIO, as set out in its constitution, are to relieve and prevent the onset of physical and mental illness, handicaps and disablement by disseminating knowledge of, and encouraging the use of, healing techniques developed by, Dr Masahiro Oki. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
In furtherance of these objects the CIO runs workshops and provides educational information through its website. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | The trustees have had regard to the Charity Commission’sguidance on public benefit when planning and running workshops and other activities to ensure that these are accessible to all. |
Achievements and Performance
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SORP
reference
Summary of the main Para 1.20 The CIO ran two in-depth workshops in the autumn
achievements of the charity, and spring, and a successful Okido Yoga community
identifying the difference the gathering took place in the summer. The CIO
charity’s work has made to the continued to deliver its educational activities on its
circumstances of its
website. The CIO identified a lack of educational
beneficiaries and any wider
materials regarding Okido Yoga, and decided to fill this
benefits to society as a whole.
gap by translating some of Masahiro Oki’s books from
Japanese to English. Hundreds of hours of volunteers’
time were devoted to translating the first book.
The CIO acknowledges the contributions of the
following volunteers: Junko Furugori and Tomoko
Mori for teaching in the autumn workshop 2022;
Tomoko Mori for teaching in the spring workshop
2023; Tomoko Mori, Junko Furugori and Anna
Mackenzie for running a summer social event 2023;
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Page: TAR1
Tomoko Mori, Junko Furugori and Hiroyuki Mori for long hours of translation; Michael Cullingworth for editing advice; Junko Furugori, Chisato Mochi and Tomoko Mori for modelling yoga postures; and Hiroyuki Mori for photography.
Financial Review
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Review of the charity’s Para 1.21 Income for the year was £701 (2021-22: £7,412) and
financial position at the end of after meeting running costs there was a surplus for
the period the year of £210 (2021-22: deficit of £4,610). The
Para 1.22
Statement explaining the trustees’ policy is to maintain unrestricted reserves in
policy for holding reserves the general funds, sufficient to meet unexpected
stating why they are held
operational costs and regulatory requirements. As at
Amount of reserves held Para 1.22
31 August 2023, this equated to £16,823 (2021-22:
£16,613) out of total funds of £18,013 (2021-22:
£17,803). The trustees are holding the remaining
reserves with a view to funding any further initiatives
to extend the reach of Okido Yoga in the UK.
The trustees plan to continue to deliver Okido Yoga
education through in-depth holistic workshops, by
translating works of Masahiro Oki and making these
available to wider audience, and by supporting Okido
Yoga teachers.
Reasons for holding zero Para 1.22 Not applicable
reserves
Details of fund materially in Para 1.24 Not applicable
deficit
Explanation of any Para 1.23 Not applicable
uncertainties about the charity
continuing as a going concern
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Structure, Governance and Management
| Descriptionofcharity’s trusts: | ||
|---|---|---|
| Type of governing document | Para 1.25 | Constitution |
| How is the charity constituted? | Para 1.25 | CIO |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | The trustees are interviewed and selected by other trustees. They are representative of the community in which the CIO delivers its services. All trustees go through an induction process which includes a review ofthe CIO’spolicies and procedures. |
Page: TAR2
Reference and Administrative details Charity name Okido Natural Health Education Trust CIO Other name the chanty uses Okido Natural Health Education Trust Limited (Previous name, up to 29 August 20231. Itwas a charitable company Ino.. 18376111 and converted to a CIO on 29 August 2023. Registered charity number 326669 Charity's principal address 196 Great Elms Road. Hernel Hempstead. England. AP3 9UJ Names of the charity trustees who manage the charity Mame of persan lor body) entided to appolnt trustee an Office frfarry) for T*hole year Kiran Patel Kevin Doyle Tomoko Mori Declarations The trusleos declare that they have approved the tnteas. report above. Sign•d on b•half of the charity's trustees Slgnature(s) Full name(s) Posltion {eg Secretary. Chair, etc) Kiran Patel Trustee 23 February 2024 Page: TAR3
Okido Natural Health Education Trust CIO Charity No: 326669 Annual Accounts for the period of 1 September 2022 to 31 August 2023
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| note | £ | £ | £ | £ | |
| Income | |||||
| Donations and gifts | 76 | - | |||
| Courses, Seminars and Workshops | 433 | 7,363 | |||
| Sales of publications and equipment | 43 | 24 | |||
| Bank interest | 149 | 25 | |||
| Total income | 701 | 7,412 | |||
| Expenditure | |||||
| Direct activity costs | |||||
| Salary | 4 | - | (9,120) | ||
| Room hire | - | (968) | |||
| Workshop costs | (291) | (339) | |||
| Travel | - | (321) | |||
| Training | - | (31) | |||
| Insurance | (134) | (135) | |||
| (Total of Direct activity costs) | (425) | (10,914) | |||
| Support and governance costs | |||||
| Office running costs | (66) | (508) | |||
| Accountancy fees | - | (600) | |||
| (Total of Support and governance costs) | (66) | (1,108) | |||
| Total expenditure | (491) | (12,022) | |||
| Net income/(expenditure) | 210 | (4,610) | |||
| Reconciliation of funds | |||||
| Funds at beginning of the year | 17,803 | 22,413*1) | |||
| Funds at end of the year | 18,013 | 17,803*2) |
The notes on pages AA3 - AA6 form part of these accounts.
All operations are classed as continuing.
All recognised gains and losses are shown above. Movement on reserves is shown above.
All the income is unrestricted.
[1)] and [2)] were reported with 21,824 and 17,214 respectively in the accounts for the year ended 31 August 2022. There was an error, which is reported in Note 1.3 (page AA3) of these accounts.
Page: AA1
Okido Natural Health Education T$t ao Annual Accounts forthe perfod of I September 222 to 31 August 2023 Charity No: 326669 Balance Sheet 2023 21Y22 Current Assets Stocks Debtors and Prepayments Bank and Cash Balan 58931 195 17.679 18,463 41 99 17,305 18,013 rrotsl currentassets) rJeditors: Amounts falling due within one 16601 Net Current Assets 18,013 17A03S1 Funds Unrestricted funds Designated Funds General Funds 1,190 16,823 18.013 1.190 16,61361 17,803 (Totsl furnls) 71 The notes on pages AA3- M6 fomi part of these accounts. 3_ *171 are reflecting the corrections reported in Note 1.3 Ipage AA3). The trustees approved these accounts on 23 February 2024. K Patel Xq On behalf of all the trustees Page: AA2
Okido Natural Health Education Trust CIO
Charity No: 326669
Annual Accounts for the period of 1 September 2022 to 31 August 2023
Notes
1. Basis of preparation
1.1 Basis of accounting
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Companies Act 2006, and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
1.2 Going concern
The trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern.
1.3 Prior year errors
The charity has identified one error. In prior years, the charity correctly reported the cost of purchasing books for resale or distribution and the income of selling them. However, not all books were sold or distributed. The error is that the book stock was omitted in prior years’ accounts. Working out from the records of purchases and sales, the trustees tried their best to estimate the value of the book stock in prior years. The followings were the estimated value of the book stock:
As at 31 August 2022 £589 As at 31 August 2021 £589 As at 31 August 2020 £594 As at 31 August 2019 £594 As at 31 August 2018 £620 As at 31 August 2017 £576
2. Accounting policies
2.1 INCOME
Recognition of income
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received, and the amount of income receivable can be measured reliably. Income relating to future periods is deferred.
Donations
Donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP).
Donated goods
Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so.
Page: AA3
Okido Natural Health Education Trust CIO
Charity No: 326669
Annual Accounts for the period of 1 September 2022 to 31 August 2023
Volunteer help
The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Income from interest
This is included in the accounts when receipt is probable and the amount receivable can be measured reliably.
2.2 EXPENDITURE
Expenditure recognition
Expenditure is recognised when a liability is incurred. Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
Governance and support costs
The charity has incurred expenditure on support costs. Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
2.3 ASSETS
Stocks
Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock.
Debtors
Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
- Taxation
As all income is received from and applied to charitable purposes the charity is exempt from corporation tax.
4. Staff Costs
| 2023 | 2022 | |
|---|---|---|
| £ | £ | |
| Gross Salary | - | 9,000 |
| Employers NI | - | 120 |
| Total | - | 9,120 |
The charity employs no staff member (2022: 1).
Page: AA4
Okido Natural Health Education Trust CIO
Charity No: 326669
Annual Accounts for the period of 1 September 2022 to 31 August 2023
5. Stocks
| s | ||
|---|---|---|
| Charitable activities: Opening Added in period Expensed in period Closing Total this year Total previous year (Refer to Note 1.3) |
Stock for resale £ |
Donated goods for resale £ |
| 589 | - | |
| - | 36 | |
| (16) | - | |
| 573 | 36 | |
| 573 | 36 | |
| 589 | - |
6. Debtors and Prepayments
| d Prepayments | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Prepayments | 99 | 195 |
| Total | 99 | 195 |
| Debtors recoverable in more than 1 year | 2023 | 2022 |
| (included in Prepayments above) | £ | £ |
| 21 | 52 | |
| Total | 21 | 52 |
7. Creditors: Amounts due within one year
| ounts due within one year | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Accruals | - | 600 |
| Other creditors | - | 60 |
| Total | - | 660 |
Page: AA5
Okido Natural Health Education Trust CIO
Charity No: 326669
Annual Accounts for the period of 1 September 2022 to 31 August 2023
8. Designated Fund
| nd | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| At 1 September 2022 | 1,190 | 1,190 |
| Transfer from general funds | - | - |
| Expenditure | - | - |
| At 31 August 2023 | 1,190 | 1,190 |
The purpose of this fund is to provide grants for students to attend training workshops at the Stichting Okido Yoga Dojo, Netherlands.
9. Transactions with trustees and related parties
9.1 Trustee remuneration and benefits
None of the trustees have been paid any remuneration or received any other benefits from an – employment with their charity or a related entity. (2022 nil)
9.2 Trustees' expenses
Travel expenses of £12 have been reimbursed to 1 trustee. (2022 - nil)
9.3 Transaction(s) with related parties
There have been no related party transactions in the reporting period. (2022-nil)
Page: AA6