2023-03-31-accounts

Report to the trustees		The International BuddhistAssociation in the UK
On accounts for the year		31/03/2023 Charity no 1020543
ended		(if any)
Set out on pages
		I reporttothe trustees on my examination ofthe accounts ofthe above
		charity ("the Trust") for the year ended 31/03/2023.
Responsibilities and		As the charity'strustees, you are responsible for the preparation ofthe
basis of report		accounts in accordance with the requirements ofthe CharitiesAct 2011
		("the Act").
		I report in respect of my examination ofthe Trust's accounts carried out
		under section 145 ofthe 2011 Act and in carrying out my examination, I
		have followed all the applicable Directions given bythe Charity Commission
		under section 145(5)(b) ofthe Act.
Independent		The charity's gross income exceeded £250,000 and I am qualified to
examiner's statement		undertake the examination by being a qualified member of Institute of
		FinancialAccountants.
		I have completed my examination. I confirm that no material matters have
		come to my attention in connection with the examination which gives me
		cause to believethat in, any material respect:
		• the accounting recordswere not kept in accordance with section 130
		ofthe CharitiesAct; or
		• the accounts did not accord with the accounting records; or
		• the accounts did not complywith the applicable requirements
		concerning the form and content ofaccounts set out in the Charities
		(Accounts and Reports) Regulations 2008 other than any requirement
		that the accounts give a 'true and fair' view which is not a matter
		considered as partof an independent examination.
		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
		orderto enable a proper understanding ofthe accounts to be reached.
son[		IE@ 1l Date: [ _7377UN_3
**Name: **	]/8_er _bk@ u/
Relevant professional	I	Institute of Financial Accountants
qualification(s) or body
(if any):
	L.._ _J
Address:		A dervish & Co, 496-498 Bearwood Road, Bearwood, Smethwick, 866 4HB.

_02_0z
(l)
O C		Restricted
CU c25 DO	Unrestricted funds	income funds	Endowment funds	Total funds	Prior year funds
	£	£	£	£	£
	F01	F02	F03	F04	F05
S01	749,875	-	-	749,875	471,043
S02	-	-	-	-	-
S03	-	-	-	-	4,775
S04	-	-		-	-
S05	-	-	-	-	-
S06	-	-	-	-	4,732
S07	749,875	-	-	749,875	480,550
S08	13,455	-	-	13,455	5,500
S09	25,200	-	-	25,200	40,908
S1O	-	-	-	-	-
S11	197,912	-	-	197,912	94,476
S12	236,567	-	-	236,567	140,884
S13	513,308	-	-	513,308	339,666
S14	-	-	-	-	-
s15	513,308	-	-	513,308	339,666
s16	-	-	-	-	-
S17	-	-	-	-	-
S18	-	-	-	-	-
S19	-	-	-	-	-
s20	513,308	-	-	513,308	339,666
S21	1,248,635	-	-	1,248,635	908,969
S22	1,761,943	-	-	1,761,943	1,248,635

		0_9_0z
		Q)
		O C				Restricted
		<1l O5 (')		. Unrestricted funds		income funds		Endowment funds		Total this year		Total last year
				£		£		£		£		£
	Fixed assets			F01		F02		F03		F04		F05
	Tangible assets (Note 14)	B02		1,953,272						1,953,272		1,413,658
	Total fixed assets	Bos		1,953,272						1,953,272		1,413,658
	Current assets
	Debtors (Note 19)	B07		2,127		-		-		2,127		1,230
•	Cash at bank and in hand (Note 24)	B09		67,505		-		-		67,505		36,379
	Total current assets	B10		69,633		-		-		69,633		37,609
	Creditors: amounts falling due within
	one year (Note 20)	B11		3,000						3,000		3.970	I
	Net current assetsl(liabilities)	B12		66,633		-	I	-	I	66,633		33,639	I
	Total assets less current liabilities	B13		207.D5	7	-	I	-	I	707.co	7	1,447,297	1
	Creditors: amounts falling due after
	one year (Note 20) Provisions for liabilities	B14 B15		257,961						257.961	I	198.66 1	I
	Total net assets orliabilities	B16		1za1_g43		-	I	-	I	1.761.g43]		24gs2a_]
	Funds of the Charity
	Endowment funds (Note 27)	B17					I	-		-		-
	Restricted income funds (Note 27)	18				-	I			-		-
	Unrestricted funds	19	I	1,761,943						1,761,943		1,248,636
	Revaluation reserve	B20								-		-
	Total funds	B21	I	1,761,943		-	I	-		1,761,943		1,248,636
	Signed by one or twotrustees on behalfofall											Date of
	the trustees							Print	Name

	;
This standard list ofaccounting policies has been applied by the charity except for those ticked "No" or "Nla". Where a
_different or additional policy _	has been adopted then this is detailed in the box below
Recognition of income	These are included inthe Statement of Financial Activities (S0FA) when:.
	• the charity becomes entitledtothe resources;
	it is more likely than not that the trustees will receive the resources; and				No		Nia
	• the monetaryvalue can be measuredwith sufficient reliability.	11~L			✓		✓
	There has been no offsetting of assets and liabilities, or incomeand expenses, unless required		Yes		No		Nia
Offsetting	or permitted bythe FRS 102 $0P or FRS 102.		]		✓		./
			Yes		No		Nia
Grants and donations	Grants and donations areonly included inthe SoFA when thegeneral income recognition criteria are met (5.10to 5.12 FRS102 SORP)	[]			✓		✓
	Inthe case of performance related grants, income must only be recognised to the
Legacies	extent that the charity has providedthe specified goods or services as entitlementto the grant only occurs whenthe performance related conditions are met (5.16 FR 102 SORP). Legacies are included inthe SOFAwhen receipt is probable, that is, when there has		Yes ✓ Yes		No Nia ✓_[c_l No Nla
	been grantofprobate, theexecutors have established that there are sufficient assets in theestate and any conditions attached tothe legacy areeither withinthe control ofthe charity or have been met.	I	✓		✓[c]
Government grants	The charity has received government grants in the reporting period		Yes		No		Nia
			✓	LG]			✓
	GiftAid receivable is included in incomewhenihere is a valid declaration fromthe
Tax reclaims on	donor. Any GiftAid amount recovered on a donation is consideredto bepart ofthat gift		Yes		No		Nia
donations and gifts	and is treated as an addition tothe samefund as the initial donation unlessthedonor or the terms ofthe appeal have specified otherwise.	E]			✓I		✓	I
Contractual income and performance related grants	This is only included in the SoFAonce the charity has providedthe related goods or services or mettheperformance related conditions.	I	Yes ✓	I	No ✓	I	Nia @]
Donated goods	Donated goods are measured atfair value (the amountfor which theasset could be exchanged) unless impractical to do so.	Yes [T]			No ✓	I	Nia ✓	I
	The cost ofany stock ofgoods donatedfor distributionto beneficiaries is deemed to be
	thefair value ofthose gifts atthe timeoftheir receipt andthey are recognised on		Yes		No		Nia
	receipt. In the reporting period in whichthe stocks are distributed, they are recognised as an expense atthe carrying amount ofthe stocks at distribution.	[]			✓		✓
	Donated goods for resale are measured atfair valueon initial recognition, which is the
	expected proceeds from sale less theexpected costs ofsale, and recognised in
	'Incomefrom other trading activities'withthe corresponding stock recognised inthe·		Yes		No		Nia
	balance sheet. On its salethe value ofstock is charged against 'Incomefrom other trading activities' andthe proceeds from sale are also recognised as 'Incomefrom other trading activities'.	I	✓	I	✓[]
			Yes		No		Nia
	Goods donatedfor on-going use by the charity are recognised as tangiblefixed assets
	and included intheSoFAas incoming resources when receivable.	EC]			✓		✓
			Yes		No		Nia
	Gifts in kind for use bythe charity are included intheSoFA as incomefrom donations when receivable.	[a]			✓		✓
Donated services and	Donated services andfacilities are included inthe SOFAwhen received at the value of		Yes		No		Nia
facilities	thegift to the charity providedthevalueofthegift can be measured reliably.	EC]			✓		✓
	Donated services andfacilities thatare consumed immediately are recognised as		Yes		No		Nia
	incomewith an equivalentamount recognised as an expense under theappropriate heading in the SOFA	E]			✓		✓
			Yes		No		Nia
Support costs	The charity has incurred expenditure on support costs.	[7]			✓		✓

(i) the nature ofthe change in accounting policy;	Not applicable
(ii) the reasons_why applying the new accounting policy_
provides more reliable and_more_relevant information;	Not applicable
and
(iii) the amount_of_the adjustment for each line affected
in the currentperiod, each prior period presented and
the aggregate amount_of_the adjustment relating to
periods before those presented, 3.44 FRS 102 SORP.	Not applicable

(i) the nature ofany changes;	Notapplicable
(ii) the effect ofthe change on income and expense or
assets and liabilities for the currentperiod; and	Not applicable
(iii) where practicable, the effect_of_the change in one or
more future periods.
	Not applicable

(i) the nature of_the prior period error;_	Not applicable
(ii) for each prior period presented in the accounts, the
amount_of_the correction for each account line item
affected; and
	Not applicable
(iii) the amount ofthe correction atthe beginning of_the_
earliestprior period presented in the accounts.
	Not applicable
,

2.4 ASSETS
Tangible fixedassets for use by charity	They are valued at cost. The depreciation rates and methods used are disclosed in note 9.2. These are capitalised if they can be used for more than one year. and cost at least	[7]en		✓ No	Nia
Intangible fixed assets	The charity has intangible fixed assets, that is, non-monetary assets that do not have
	physical substance but are identifiable and are controlled by the charity through custody		Yes	No	Nia
	or legal rights. The amortisation rates and methods used are disclosed in note 9.5			✓[Ga		I
Heritage assets	They are valued at cost. The charity has heritage assets, that is, non-monetary assets with historic, artistic,		[·	No ✓	cb
%	scientific, technological, geophysical orenvironmental qualities that are held and maintained principally fortheircontribution to knowledgeand culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.		Yes ✓	No Nia ✓[y
				No	Nia
Investments	They are valued at cost. Fixed asset investments in quoted shares, traded bonds and similar investments are			✓t7		I
	valued at initially at cost and subsequently at fair value (their market value) at the year		Yes	No	Nia
	end. The same treatment is applied to unlisted investments unless fairvalue cannot be measured reliably in which case it is measured at cost less impairment.			✓ET
	Investments held for resale or pending their sale and cash and cash equivalents with a			No	Nia
	maturity date of less than 1 year are treated as current asset investments			✓[		I
Stocks and work in	Stocks held forsale as part of non-charitable trade are measured at the lower_or_ cost or	net	Yes	No	Nia
progress	realisable value.			✓(=]
	Goods or services provided as part of a charitable activity are measured at net realisable value			No	Nia
	based on the service potential provided by items of stock.			✓(		I
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.			No Nia ✓tr]
Debtors	Debtors (including trade debtors and loans receivable) are measured on initial recognition at settlement amount afterany trade discounts or amount advanced by the charity. Subsequently,		No '? 101		Nia
	they are measured at the cash orother consideration expected to be received.		✓	✓	✓
			lo
	The charity has has investments which it holds for resale or pending theirsale and cash and
Current asset	cash equivalents with a maturity date less than one year. These include cash on deposit	and	Yes	No	Nia
investments	cash equivalents with a maturity date of less than one year held for investment purposes than to meet short term cash commitments as they fall due.	rather		✓[G		I
	They are valued at fairvalue except where they qualify as basic financial instruments.		Yes	No Nia ✓r7		I
POLICIES ADOPTED
ADDITIONAL TO OR
DIFFERENT FROM
THOSE ABOVE	Notapplicable

Volunteer help Incomefrom interest, royalties and dividends	The valueofany voluntary help received is not included in the accounts but is described in thetrustees' annual report. This is included inthe accounts when receipt is probable and the amount receivable can be measured reliably.	Yes El es I ✓		No ✓ No ✓		N/a ✓ N/a o
Incomefrom membership subscriptions	Membership subscriptions received in the nature ofa gift are recognised in Donations and Legacies.	Yes I ✓		No N/a ✓o
	Membership subscriptions which gives a member the right tobuy services or other	7es		No		N/a
	benefits are recognised as incomeearned fromthe provision ofgoods and services as income from charitable activities.	I ✓		✓		GO
Settlementof insurance	Insurance claims are orily included in the SoFAwhen thegeneral income recognition	Yes		No		N/a
claims	criteria are met (5.10to5.12 FRS102 SORP) and are included as an item ofother income intheSoFA	I ✓		✓	I	O	I
Investmentgains and	This includes any realised or unrealised gains or losses on the sale of investments and	Yes		No		N/a
losses	any gain or loss resulting from revaluing investments to market value at theend ofthe year.	I ✓		✓	I	Q	I
**2.3 EXPENDITURE **	AND LIABILITIES
Liability recognition	Liabilities are recognised where ii is more likely than notthat there is a legal or	Yes		No		N/a
	constructive obligation committing the charity to pay out resources and theamount of the obligation can be measured with reasonable certainty.	@	I	✓		✓
Governance and support costs	Support costs havebeen allocated between governance costs and other support. Governance costs compriseall costs involving public accountability ofthe charity and its compliance with regulation and good practice.	es []		f:Jo ✓		RI7a ✓
	Support costs include central functions and have been allocatedto activity cost	Yes		No		N/a
	categories on a basis consistentwiththe use of resources, eg allocating property costs by floor areas, or per capita, staffcosts bythetime spentand other costs bytheir usage.	E]		✓	I	✓	I
Grants with performance	Where the charity gives agrantwith conditions for its payment being a specific level of	Yes		No		Nia
conditions	service or output to be provided, such grants are only recognised intheSoFA oncethe recipientofthe grant has provided the specified serviceor output.	I ✓	I	✓	I	O	I
Grants payable without	Wherethere are no conditions attachingtothegrant thatenables thedonor charity to	Yes		No		N/a
performance conditions	realistically avoid the commitment, a liability for thefull funding obligation must be recognised.	I ✓		✓	I	7]
Redundancy cost	The charity made no redundancy payments during the reporting period.	Yes (	I	No ✓		Nia ✓
Deferred income	No material item ofdeferred income has been included intheaccounts.	Yes		No		N/a
		[]		✓		✓
Creditors	The charity has creditors which are measured at settlementamounts lessanytrade discounts	Yes []		No ✓		N/a ✓
Provisions for liabilities Basic financial instruments	A liability is measured on recognition at its historical costand then subsequently measured at the best estimate ofthe amount required to settle the obligation atthe reporting date The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17	Yes EZ I _		No ✓ No		N/a ✓ N/a
	to 11.19, FRS102 SORP.			✓		✓

Note 3	Analysis of income	Analysis of income
						Restricted
					Unrestricted	income	Endowment
					funds	funds	funds	Total funds	Prior	year
	AnatysIs							£	£
Donations	Donations and qifts				601,450	-	-	601,450	365,031
and legacies:	Gift Aid				148,425	-	-	148,425	106,011
	Leqacies				-	-	-	-		-
	General grants provided	by government/other
	charities	.			-	-	-	-		-
	Membership subscriptions and sponsorships
	which are in substance donations
					-	-	-	-
	Donated goods, facilities	and services			-	-	-	-		-
	Other				-	-	-	-
			Total		749,875	-	-	749,875	471,043
Charitable
activities:
	Other
			Total
Other trading	Rental income
activities:					-	-	-	-	4,775
					-	-	-	-		-
					-	-	-	-		-
	Other				-	-	-	-		-
			Total		-	-	-	-	4,775
Income from	Interest income				-	-	-	-		-	--
investments:	Dividend income				-	-	-	-		-
	Rental and leasing income				-	-	-	-		-
	Other				-	-	-	-		-
			Total		-	-	-	-		-
Other:	Conversion of endowmentfunds into income
					-	-	-	-		-
	Gain on disposal of a tangible fixed asset
	held for charity's own use				-	-	-	-		-
	Gain on disposal of a programme related
	investment				-	-	-	-		-
	_Royalties from the exploitation of intellectual
	property rights				-	-	-	-		-
	Other - CJRS					-	-	-	4,732
			Total		-	-	-	-	4,732
TOTAL INCOME				I	749,875 I	-]	-[n@9@n5[@@@55@]
Other information:
All income inthe prior year was unrestricted exceptfor:
(please provide	description andamounts)			I	Not applicable
Where any endowmentfund is converted into income in			the
reporting period, pleasegivethe reasonforthe conversion.				I	Notapplicable

Sundries Monk Expenses Repairs and Renewals Printing and stationary Independent Examiner Fees Legal and Expert Fees Insurance Light and heat Telephone and fax Rates and water Rent Depreciation Total other expenditure	17,755 34,115 15,700 - 3,000 - 5,900 8,358 2,227 4,599 14,850 4,979 197,912		- - - - - - - - - - - - -		,_ - - - - - - - - - .. - -	I i	17,755 34,115 15,700 - 3,000 - 5,900 8,358 2,227 4,599 14,850 4,979 197.912	945 8,270 5,196 1,619 2,772 - 3,832 4,468 1.411 1,876 13,950 4204 94,476		- - - -		- - - -	945 8,270 5.196 1.619 2,772 - 3,832 4.468 1.411 1,876 13,950 4,204 94.476
TOTAL EXPENDITURE	236,567	-		-			236,567	140,884	..		-		140.884

		**This **	year			**Last **	year
						Restricted
	Unrestricted	Restricted	Endowment		Unrestricted	income	Endowment
Analysis	funds	income funds	funds	Total funds	funds	funds	funds	Total funds
Expenditure on raising funds·				£				£
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies
	-	-	-	-	-	-	-	-
Incurred seeking grants
	-	-	-	-				-
Operating membership schemes and
social lotteries 9	-	-	-	-				-
Staging fundraising events
	13,455	-	-	13,455	5,500			5,500
Fudraising agents
	-	-	-	-				-
Operating charity shops
	-	-	-	-				-
Operating a trading company
undertaking non-charitable trading
activity	-	-	-	-				-
Advertising, marketing, directmail and
publicity	-	-	-	-	-	-	-	-
Start up costs incurred in generating
newsource of future income	-	-	-	-	-	-	-	-
Database developmentcosts	-	-	-	-	-	-	-	-
Othertrading activities
	-	-	-	-				-
Investmentmanagementcosts:	-	-	-	-				-
Portfolio managementcosts	-	-	-	-	-	-	-	-
Cost ofobtaining investmentadvice
	-	-	-	-	-	-	-	-
Investmentadministration costs
	-	-	-	-	-	-	-	-
Intellectual property licencing costs
	-	-	-	-	-	-	-	-
Rentcollection, property repairs and
maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	13,455	-	-	13,455	5,500	-	-	5,500
Expenditure on charitable activities:
Sri Lanka - Covid Support	-	-	-	-	340	-	-	340
Elderly Groceries Support	-	-	-	-	31,568	-	-	31,568
General Grants International Budhist Relief		-	-	-	9,000	-	-	9,000
Uraanisation	20,200	-	..	20,200	-	-	-	-
BuddhistVihara Scotland· f-.	·5,000	-	-	5,000	-	-		-
·, ~ Total expenditure on charitable	-	-	-	-	-	-	-	-
activities	25,200	-	-	25,200	40,908	-	-	40,908
ISeparate mate,ial item of expense
Total
Other
Salaries and NI Motor and Travel Costs Visas and Immigration Bank Charges and Interest	37,340 22,627 10,938 15,525	- - - -	- - - -	37,340 22,627 10,938 15,525	11,445 20,448 9,245 4,794	-	-	11,445 20,448 9,245 4,794

13.4 Grants madeto institutions
			Please provide
			details ofcharity's
My charity has made grants to particular institutions that are material in the context ofits grantmaking. Details ofthe institution supported, purpose of		Yes	URL.
the grant and total paid to each institution is available on the charity's web·
site.
		No	Provide details
			below
	·-
Names ofinstitution	Purpose		Total amountof
			grants paid £
			-
	..		-
			-
			-
			-
			-
			-
			-
			-
			-
Total grants to institutions in reporting period			-
Other unanalysed grants			-
TOTAL GRANTS PAID			-

		Freehold land	Freehold land	&	Other land &	Other land &	Plant,	**Fixtures, **	fittings	Total	Total
		buildings			buildings		machinery	and equipment
							and motor
							vehicles
		£			£		£	£		£
At the beginning ofth.e year		1,396,775				-	28,913		7,647	1,433,336
Additions			544,151			-			443		544,593
Revaluations				-		-	-		-			-
Disposals				-		-	-		-			-
Transfers				-		-	-		-			-
At end ofthe year		1,940,926				-	28,913		8,090	1,977,929
14.2 Depreciation and impairments
	**Basis	SL or RB	(Straight		SL or	RB	SL or RB	SL or	RB	SL or	RB
		Line or Reducing
		Balance)
	Rate**						20% SL	25%	RB
At beginning ofthe year				-		-	12,435		7,243		19,677
Disposals				-		-	-		-			-
Depreciation				-		-	4,768		212			4,979
Impairment				-		-	-		-			-
Transfers"				-		-	-		-			-
At end ofthe year				-		-	17,202		7,455		24,657
14.3 Net book value
Net book value at the beginning ofthe	year	1,396,775				-	16,478		404	1,413,658
Net book value atthe end ofthe year		1,940,926				-	11,711		635	1,953,272

This year	Last year
£	£
-	-
-	-
2,127.1	1,230.0
2,127.1	1,230.0

			Amounts falling due	Amounts falling due	within	Amountsfalling due after	Amountsfalling due after	Amountsfalling due after	Amountsfalling due after
				one year		morethan one year
			This	year Last	year	Thisyear		Lastyear
			£	£		£		£
Accrualsfor grants payable				-	-		-		-
Bank loans and overdrafts				-	-	257,961		184,143
Tkade creditors				-	-		-		-
Payments received on accountfor contracts or
performance-related grants				-	-		-		-
Accruals and deferred income				3,000	3,970		-		-
Taxation and social security				-	-		-		-
Other creditors				-	-		-	14,518
	Tota	I		3,000	3,970	257,961		198,661

	This year	Lastyear
22.1 Please provide information about thesignificance of
financial instruments (eg. debtors, creditors, investments
etc)tothe charity'sfinancial position or performance,for
example,the termsand conditions ofloans orthe use of,
hedgingto managefinancial risk.
	The temple was_provided as_
	security_on_a loan_of£265,000 taken_
22.2 Ifthe charityhas provided financial assets as a form	out_by Dr Kasaapa on May 19, 2022_
ofsecurity,the carrying amountofthe financial assets	with Barclays bank, the purpose of
pledged as security and theterms and conitions relatedto	_the ioan_was _designated_as
its pledge should be given here.	"renovations to the Temple,"
	according to the terms of_the_
	contract.

Note	24 Cash atbank and in hand
		This year	Last year
		£	£
**Short **	term cash investments (less than 3 months maturity date)	-	-
**Short **	term deposits	-	-
**Cash **	at bank and on hand	67,505	36,379
Other		-	-
Total		67,505	36,379

			Amounts paid or benefit	Amounts paid or benefit	value
Name oftrustee .	Legal authority (eg order, governing document)	Remuneration	Pension contribution	Redundancy (including loss of office)/ex	Other	TOTAL
				gratia
		£	£		£	£
Ven Dr Kassapa	Order ofcharity	10.460	-	-	-	10,460
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
Please give details ofwhy remuner&tion or other		Governance compliance and charitable activities.
employment benefits were paid.