for the Period Ended 31 December 2024
| 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 2024
Principal activities of the company
Directors
The director shown below has held office during the whole of the period from
1 January 2024
to
31 December 2024
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
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| Cost of sales: |
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| Profit(or loss) before tax: |
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| Profit(or loss) for the financial year: |
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As at
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| Total assets less current liabilities: |
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| Members' funds | |||
| Profit and loss account: |
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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 2024
Basis of measurement and preparation
for the Period Ended 31 December 2024
| 2024 | 2023 | |
|---|---|---|
| Average number of employees during the period |
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The company provides financial support to individuals who engage in spiritual practice regularly in the UK and across the globe, allowing them to navigate challenging times with peace of mind. Funded by donations, we do not ask for anything from those we assist in return. During the financial year 2023 – 2024, the company’s activities have benefited the community in the following ways: - A team received financial support for carrying out spiritual practices in the United States and South America - Another team also received financial support for carrying out spiritual practices in South America - A person and her family received financial support for medical treatment - A person received financial support to purchase hearing aids and other necessities to improve her living conditions - A person received financial support to cover his rent - Three people received financial support to settle utility bills and purchase necessities - A person received financial support to attend a spiritual workshop in Paris. - A person received financial support to fix her vehicle. - A person received financial support to cover the cost of dental treatment, including travel costs to the clinic.
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 of 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 June 2025
And signed on behalf of the board by:
Name: Ki-Fu Terry Tsoi
Status: Director