for the Period Ended 31 December 2023
Directors report | |
Profit and loss | |
Balance sheet | |
Additional notes | |
Community Interest Report |
Directors' report period ended
The directors present their report with the financial statements of the company for the period ended 31 December 2023
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 January 2023 to 31 December 2023
The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006
This report was approved by the board of directors on
And signed on behalf of the board by:
Name:
Status: Director
for the Period Ended
2023 | 2022 | |
---|---|---|
| £ | £ |
Turnover: | | |
Cost of sales: | ( | ( |
Gross profit(or loss): | | |
Operating profit(or loss): | | |
Profit(or loss) before tax: | | |
Tax: | ( | ( |
Profit(or loss) for the financial year: | | |
As at
Notes | 2023 | 2022 | |
---|---|---|---|
| £ | £ | |
Current assets | |||
Cash at bank and in hand: | | | |
Total current assets: | | | |
Net current assets (liabilities): | | | |
Total assets less current liabilities: | | | |
Total net assets (liabilities): | | | |
Members' funds | |||
Profit and loss account: | | | |
Total members' funds: | | |
The notes form part of these financial statements
This report was approved by the board of directors on
and signed on behalf of the board by:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 December 2023
Basis of measurement and preparation
for the Period Ended 31 December 2023
2023 | 2022 | |
---|---|---|
Average number of employees during the period | | |
The company provides financial support to people who do spiritual practice regularly in the UK and around the world, so they can get through a difficult period with peace of mind. The company is supported by donations, and we are not asking for anything from the people we help in return.During the financial year 2022 – 2023, the company’s activities have benefited the community in the following ways:- Four people received financial support to settle utility bills and purchase necessities- A team received financial support for carrying out spiritual practice when touring Europe- A person received financial support to prevent the house that she has called home for 30 years from being repossessed by the bank- A person received financial support to purchase a much-needed bed and other necessities to improve her living condition- A team received financial support for carrying out spiritual practice in the United States- A person received financial support to carry out emergency dental treatments- A person received financial support to attend a spiritual workshop in Hungary.
The company’s stakeholders are members of the CIC, donors, and the people who applied for short-term financial assistance from the company.Each application is being reviewed in detail with members to ensure that financial assistance is only provided to people who need it the most. This is also to ensure the donations received are used efficiently. Each application needs to gain the support from all members before it can be approved and paid. A record of all applications is kept and all the discussions are documented for future reference.
No remuneration was received
No transfer of assets other than for full consideration
This report was approved by the board of directors on
12 August 2024
And signed on behalf of the board by:
Name: KI-FU TERRY TSOI
Status: Director