Charity number: 1036969
Company nLJmber'. 02914872
(England and Wales)
True Buddha School Limited
Report of the Directors and Unaudited Financial Statements
For the year er)ded 31 March 2021
IIRI
111
*AbOJ6JB7*
2510312022
COMPANIES HOUSE
#377.

True Buddha School Limiled
Conlents Page
For the year ended 31 Marth 2021
Rep)rt of Ihe Dwe¢lo
1193
Inde￿ndent Exarrinerfs Rew1to the (*reclUS
Slatemertof Financid A¢￿￿￿eS
Slaternent ol FinarKk81 P0S￿Dn
Note5 to the FinuKk81 Ststsments
7t0 11
oela1￿ *alemenl of F￿￿￿1
12

True Buddha School Limited
Report of the Directors
For the year ended 31 Marth 2021
The Director5 have pleasure in pre5entpry their reFrf)rt and the financial sts1ern￿ts for the charitatle ctrnpany for thtr yeaT ended 31
Mar¢h 2021. The Director5 have adopted the pro￿5￿jn5 of A¢ctNJnts"rTg Repoiting by Charilies.. Stslement of Recornrnende
Practi￿ applrable to charibes preparing Ih*'r aecounts in actordan¢e wmlh Ihe FmrK4al ReFtyb'ng SlarKlar<l applieabk in the UK and
the Rewblc of I￿land IFRS 1021 leffecbve 1 January 20191
OBJECTIVES AND ACTIVITIES
The prinupal actmty in the year under review ¥¥as thal ol prorTr)ting BuddliMI m8mb8r5 of Ihe School and Iher• ha5 been no
change in this duriro ytar. AJI th)natKJns t¥Jme Irc¥n ihe gener4 pth."
The d1￿cl￿$ have paid due regard to gwYaFtt tssued ty IhB (Jwrity CCINn￿1)n in dEc¥JiTrJ activities Ihe tharity should
underbke.
ACHIEVEMENTS AND PERFORMAN¢e
D¥ring Ihe yeai the Charity continued it* nec•ssary aroj >￿&bre en￿￿ment for mèmbors of lh• School 10
worship. 8tuty and practise Buddhism.
Th8 Injslees are satlsfied wilh Ihe pr￿r￿ of actith ¢Ywised lyy Ihe SCW IhrowJhtyJt year ar￿ the supwt from the School
members for the aetivitie5.
FINANCIAL REVIEW
The dwectws are salisfiod *ith ts fina￿1* ofthe Chwrty as al kne year ￿￿. ￿SuIts ofthe ye¥$ opernlh)ns a￿ sel out In
the attached financial ststernents. The net uNe5tricted incorne for the yew amounted to £ 8.480 12020.. £82,591}. The retained
unr¢slricted reserves al Ihe year end to¢al to £2.201.286 {X)20." £2.l92.8r￿i.
It is the policy of the charity that ￿n￿Stricted funds whth have not t*en designated for a spetsfic use should be maintskned at a level
equivalent to be￿een three and six mcfith's expenditu￿. The directh Cor6￿ that reseThes at thi$ level will ensure that. In the
event of a significant drop in funding. they *ill be abk lo cOntirM￿ the ctrwWs ojrrent activities wh48 consideration is given to Ways in
whi¢h additional funds may be raised. This level of reswves has been rnaintai￿d thr￿JgI￿￿t the year.
The twsiees have ¢on$thred Ihe mosl appr(yiate tKAiw tr A)veslry funds. Tr Charity Iw a ¢Y keepiw Suff￿lent IKJiiO lunds
in a bank dep05il acctyjnl wh￿h can b8 accgssed readily to rmelopgrakng cost emergewes.
The trustses have asse55ed Ihe mw iisks to the sth￿l is eXr￿d. satisfied that Sy5tem# are in F4ace lo M￿jgate
exposLrre to th8 major rssks.
lof12

True Budtha School Limited
Report of the Directors Continued
For the year ended 31 March 2021
STRUCTURE, GOVERNANCE AND MANAGEMEt4T
Gov•rning docum•nt
Th• charity corryany lirnited try guarantee aThJ it has share c*ptsl.
The diredors %%tho served duri￿ Ihe yearwwo..
MtsASWLi
FHSTw9
LMTU
None of the direc10￿ has bEneficial interest in Ihe ¢(vwy•ty. AK of Ihe thredtys are membws of tha company and guarantee to
conbibule £1 ble event of 8 *inding LIP.
The companls eurront poky concen¥rrfJ Ihe paYrn￿t of trade cr•thiNS is to fthi the C8fs Prompt Payer5 Code (copies are
availabk from the CBI, Cen1￿ Point, 103 Ne*rf Oxford St¥eet, LoTrJon WC1A 1DUI.
The cAMnpan￿s ¢wefii kK4i¢yc4)rtcemin9 the Pa￿￿ent of trade is kn..
. settle the te￿5 of payrnent wlh 5upplers agreeirMJ the terms of each iransaCb￿.
• ensu￿ tha¢ suppliers a￿ m•Je awa￿ ol the temis of payment ol Ihe I8¢w￿t tenn5 in
contrdcts,. and
' pay M ae£or¢Yarth wth Ihe wipanys wtractu* other18gal oblwJal•)n&
Trade crtditors of the (KKnpany at the ye¥ were 9(wiva￿nI io 30 purdwses. bosed C￿ averay• daly ary￿nI invoiced by
$UPF4iers thjring the year.
Tho day to day affaiF5 of Ihe Charity are rtHrwd by the tr￿. aci as dir￿ of the cornpany and may ex8rci5e all the
powers of the Charity.
No tnJ81ees r8cew¢d any remLm8ratM for th&r SeTh￿S Ihe yew.
As$et covef for funds
The School's hs$els are sur￿ent to meet the Charitys ¢*lyabor6.
The directors. r eFth was approved by Ihe Board ol Directus.
REFERENCE AND ADMINISTRATIVE INF(IRMAT1014
Namo of Charity
Charity rggi$tration nurnb•i
Company r•gl8lratlon number
PTIn¢1p￿ 4d*•ss
1036989
02914872
265 wille$d￿
Dlrectors
The direclors of ts tharitable u¥mpany are ils trw8tees the purFW of charity l•. The IIVSl8e5 officets serving dufvy the
yeètand $in¢* Ihe yew erKI as folk￿￿..
Anna Sl*A Wah Li
Fr*i Hon Shw Tary
Le Mith Tu
Independonl 0xarnlnorJ
Sk*ne & Co LLP
N¢wkn Rogd
2cI12

True Buddha School Lirniied
Report of the Directors Continued
For the year ended 31 March 2021
Approved by the Managemenl Comrnittee and %gned on its bew ty
Anna Shuk Wah Li
Directop
Date..
3of12

True Buddha School Limited
Independent Exarniners Report to the Directors
For the year ended 31 March 2021
I report lo the my exarninab.on ollhe fift￿81 statem￿ls01Tnt Buddha schl￿ Llmited (tho '
charity) for the year end¢d 31 March 2021.
R•sponslbilitles and basis of report
As Ihe directots of the tharity land *so its ¢)we￿S fLV Ihe of r•mpary l•) are reSFonsibfe ts the preparatb)n of Ihe
financial statements in accordance Ihe requirements ofthe Cornpar485 2006 (the 2Cth kll.
H8ving satisfieé mysew that the fina￿la1 slatements of Ihe thanty are Tequred to be audit￿ under Part 16 of Ihe 2006 Ad and are
t1￿1ble for independent examination. I reF**t in ￿Spect ol rny Èxaminat*y) of the chonty's finartial statements carried out under section
145 of the ChariDe5 A¢1 2011 Ilhe 2011 Act) . In canyir¥ oul my exwymnabon I have fOlkh￿ all Its appI.￿ab￿ Oirecbons given by the
Charity Commissw ￿￿er sectKn 145(51(bl oflhe 2011 Act
Ind¢pend•nt •xJmin•rs qualif*d $t•tem•nt
I confirrn that m ther rnattws have rLwne lo my alterwyyi ￿ c¥Mnecixfi wAlh the oxamThttil me 10 believe Ibat in any
material respect..
1. accoM￿n9 records We￿ nol kept in r88wcI ol the Cfympany as by sectim 386 of the 2(*% Act,. or
2. the a¢cwnlS do not accord ￿ those records". or
3. ihe 8ccLxJnts do nol comk4y *ith the requiremenls of seuiJn 396 01 Ihe 2006 A¢tothof Ihw any ￿QUit￿l Ihat the give a
W8 and lalr V￿*¥ Th)ta mattercorksidwed as part oran indeF*7denl &AamInat•￿,. or
4. Ihe ac(x)uThts have not been prepared in wxdantè *ith the meiws and ptinc*s of lh& S*l￿nI of R¢comm8rxled prad1￿ for
accL>untin9 and reporlry by charities appl'cable to tharibes prepwir¥J lkn *tcrtJnts v*ith Ihe Finanrial Reporting
Sts￿da￿ applicable in th¢ LIK and ReWbI￿ of Ireland IFRS 102).
l eonfiFrD Ihat there are no othEr matters to yw 5hLxAd be dravm to •nailB a pro￿1 under*wding ol the a￿Ounts to
be ￿aChed.
Sloane & Co LLP
36. 38 We5thoume l>ove
Newton Road
London
W2 SSH
4of12

Twe Buddha School Limited
Statement of Financial Activities {induding Income and Expenditure Account)
For the year ended 31 March 2021
Ilotes
Unr•stri¢t•d
2020
In¢om• and endowm•nts froffl:
Donatws and legacies
InveSt￿ntS
115.619
220
253.072
545
Total
115.839
253.617
Expenditur• on-
RaiS￿g funds
Charitable acts"vi¢ie$
Totsl
195,616}
111.7431
{107,3591
181,0671
{89,9591
1171.026
hl•t Incom¢
Recon¢lllatlon ot funds
Total fiJnd5 broughl f￿
Total fubth carri•d f•rnT•rd .
8A80
82.591
2.192.806
2201.286
2.110.215
2.192.806
5of12

Registered Numb8r'.
02914872
Tnje Buddha School Limtted
Statefnent of Financial Posttbon
As at 31 March 2021
2021
2020
Flxed assets
Tangible assets
10
1.082,122
1.082.122
1,120,949
1,120,949
Current as80ts
06blors
Cash at bank and irt h
343,994
793.866
1.137.860
118,696)
343,994
745,214
1,089208
117,3511
Crodltors: arnounts f•lliry du• T*lthin on* y•¥r
12
Not ¢wrnnt a8s0ts
Tot•1 •ss•t8 I￿9 euTh•nt Ilablllties
1,071,8S7
2.192,8Q6
2.201.286
N•t èsvts
2,201,286
2.192.806
Th• funds of lh• ¢h•rlty
UnrestrKted irKL4Te tund5
2,201,286
2.201.286
2,192.806
2.192.806
Tolal fvnds
For Ihe year ended 31 ma￿ 2021 the company was ¢y)bOed to elenwtic￿ ftom seclirm 477 of Ih8 Companies Aei 2006
relating to 5rnall Compan￿$.
The ￿￿rt)erS have required the cwnpany to rA)laiTr an audtt ofits aCo￿ts the yegrin question in accor4Jw(* wilh se¢tton 476.
The direct(n aCknOw￿ge their responsibdrfies f¢y COrnFtyfftg the requirements of the respect lo a¢ix)uThtin9 records and
the preparation of acts)unis. These accounts have been ￿pared n *¢X)rdar￿ Ihe Pro￿S1On5 applic4Je to compan¢e5 5ubjeei to
Ihe smal tA)mpaniÈs' regime.
The fin8rKial staIeff￿ts wer& approveil and 8o¥d aThJ 5iyned on ts behaKty.
Anna Shuk Wati Ll
Dwectof
6(A12

True Buddha School Limited
Notes to the Financial Statements
For the year ended 31 March 2021
1. A¢¢ounlln9 Policles
Basls ol accounting
The financial slalernents hawj te8n prepa￿d uThYer Ihe IW510r￿ tosl convenbcffi, except for inv8Stments whth are irKl*Jded al
rnarket value and Ihe ￿valUation of certain fixe¢ assets al￿ in aC¢¢ydar￿ wth Ihe Charitie5 SORP IFRS 1021 'AcciJJnling and
Reporting by Charities.. Statement of Aewrnr￿nded P(a¢tif* apr4￿ab￿ io r*oritses preparing their a¢¢ounls in accordance with Ihe
Financial Reporting Slandard apF4￿ab￿ in the UK and Republic of Ireland IFRS 1021 leffective 1 January 20191,, Financial
RetKJrtiThJ StaThJard 102 Ihe Fw)an(ial Rew*"rKJ Stsndard aprAt<atle in Ihe UK and RepU￿"C of IreLand IFRS 1021. and the
Companies A¢1 2006.
True 8uddha Schcd L¥rwtsd meets ts dpfinilbjn of a publK benefit enbty uNler FRS 102. Assets and Trab￿.1￿ are Initslty
rewnised al historical cosl or traTrsacbc￿ v*Je ￿1￿055 otherwise stated in the r¢f¢vanl pc11￿ nc4elsl.
Golng concern
At time of apFwoving the finamal State￿￿nts. the d1reciw5 have a reasonable exp?datic￿ thal the charity ha$ adequate
resour￿ to continue In ¢)perntionJ exis￿1￿ ltsr the th5eeable luture. Thus Ihe director5 continue to adopt the going concem
basis of accountir4J in pryriThJ Ihe finanrial statemen
Funds
un￿StrICted funds ar8 availab￿ for LL8e at tha discretrfft dwec*)rs in bIrtherat￿ ol lI￿r ¢￿ie¢liVeS Ihe fvnds
hav¢ been deSi￿ared for Olher purposes.
Restricted lund5 ar8 sul4e¢t lo s￿1￿C conditK)ns by as to lThv Ilw may bg u58d. The purposes uses of thg restricted
funds are sel out ￿ th8 notes to the finanoal 8tatements.
Endowment fvnds are **iect to 5F*offic conditions ty Ch￿￿S Ihat the cap*al must be rna￿1&"ned tyy Ihe charity.
In¢orntng rgsour¢e5
Income 1$ recowised when the chaily ts legaty enbved to it after arty kwfomiarts c4)ndiOon5 h8ve been met. the arnounts c4n be
measured reliably, and il is prc4)ablÈ Ihat irtome wdl be receNed.
Cash iJonalicfi5 are rwnised on rewpL 0th8r Ojnations are 0￿e th8 charity has S)een nO￿"fied of the donation.
unless perfom*rKe conth'lins requi￿ defeffal ol the a￿)unI. Intow* lax reo)vefable in relalwjn to ￿¢￿tionS f￿Ved under Gift
Aid or deeds of ￿enant is ￿COgnIS￿ al the tsme of tr* donation.
Legacie5 ar8 recognised on receipt or otheTh%?se if Ihe chanty has been notiW of ￿ impending di5tit)ution. Ihe amount 15 knovm,
and re￿Ipl is expected. Ifthe amwt IS Tr)I kTh)wn. Ihe treated as a Con￿ngent asset.
Turnover Ys measured al Ihe lair vak* of the considerat*M or receNatAe and rewesehts •nounls. Re￿1Vable for goods
8ntt seryices PTOVhded in Ihe norm* ¢oJr5e of tMtsine5s. net of d¢CCrtints, VAT and other sales related tsx8S.
Rosourees *xp•nd•d
Resources expended are re¢A)gnised ffj the pwic<l 7A*Kh Ihey iJKwred. R8wJrtss expgr*J8d indude allrttuta￿6 VAT ￿ttIch
all￿1 b8 recovere¢.
Resources ex￿￿￿e￿ are al1r￿ated ¥> the pwkular ¥¢k¥*y wknere fJ)51 ￿lateS d￿8¢￿Y to that athty.
7crf12

True Buddha School Limited
Notes to the Financial Statements Continued
For the year ended 31 March 2021
Tanglble fI￿d ass•ts
T8ngl)le fixed assets are inib.alty rneasured ai cost subsequenty me#SW￿ al (x)st or v¥uaiion. nel of dgpreciaJon and any
impairrnenl losses.
DeprecwKJn is recogntsed so as lo write off Ihe wst of a5sdS185s ffjsirlual ¥alue& over thar useful INes on the
following bastss..
Freeht* land & buikjing No depreeiab¢
Impfoyements evenly over SO years
8ooks and $tatules 20% reduon9 balance
Fixtures, fitungs & equipfflent 20% feduong ba
The gwn or loss arisiw the disposal of an asset 15 deferrir￿d as the betwtren the sale pro¢e&Ys and the carrying
value of Ihe asset. and 15 recognisefj in net inw[r￿(ex￿¢ftd￿UreI for Ihe yeaT.
¢rili¢al a¢counting •$tlmatss and lud9ern•nt8
In the ap￿1¢3￿0￿ Oft￿ ¢hariV$ W￿nting poii¢w. fv dIr￿tr￿S are required to make iudgernent5. estimates ond assurnptr)ns
about the caryng amouni of a55ets and Irdbilities that are rLOt readily appafent from other sources. The eslifftates and associated
assumptions art baw h"sttsrKal &xFerierKe and c4hgr f￿tC￿S that are cons#kr￿j lo be rel¥vanl. AGtu¥l results tnoy ditl¥r frcm
these Estimates.
Th8 85timat85 and und￿ty￿￿ aS9Jmrkn￿￿ affj revi6wed on an ba￿ Rwsws lo accountir*J eSti￿￿te5 ar8 recLynised in
the p8riod in %*hic* th8 astThal8 is re¥i5&g th8 re¥is¢oD affects that perios. w in pervJ(l of Ihe ￿¥￿S1On artd fvture
pw¢yJs where ￿ fe¥¢5ion affecls bth ¢kj￿nt and perwxts.
Impalnnent ofllx•d 855•ts
At each rerth'NJ end #ale, the ch￿1 re￿*•￿ Ihe cavwrvJ aMC￿￿ts of its tsThJitrJe assels to deterrrmne whether the￿ k8 any
indication that those a$$ets have suffered an impairnient1088. If any such exists. the recoverable arnouni of tl* a6set is
estimated in ordBr to de1efrn￿e Ihe extent clthe irnpaiFrnent ￿ Irf any l.
Intangib￿ assatS *Tth iThYeffinite ￿0￿1 INes Mnd assels Ilot yet av8ilabk for use tested fr)r ffnpaim)ent annually, and
whenever Ihere S an 1ndtit*￿ thattht assel may be thpawed.
Cash and ￿5h wulvalgnts
Cash cash equivalents indude cash in haTrJ, dern W 8tcaTr wffjth bgnks with oriwl nwtlffities ofthw months or les8.
Ba$ic fi￿nCIal assets
Bas¢ financial awts. wh￿h ¥Kaude cash b•)k balarK¢&. ￿ ¥¥li¥ty measured at transacticn price indUd￿g transact￿ Gosts.
Bas￿ finarrial liatslrt
Basic financial liab￿li*s, incMRin9 CTe¢Jitors and bank are Inty.￿y re¢c•3nised at pric* uftle$s Ihe arrangemenl
¢onslitules a financiTrJ transact￿, wthere Ihe *Yebl pnstrnrnenl 15 measu￿￿ al Ihe presenl y￿u￿ of the fiJlure payment5 discounled
at a market rate of inte￿$t. Financol liabilities dassified as pay*48 Within on8 year ar8 Th)t arTh)rtis8d.
Debt instTuments are suWvBnty caryi•J at arntytised USHYJ tt* effecbve in*rest r*e mEthod.
Trade ¢￿dItOrS are obligations to pay forgwjs ￿ sw¥ice5 Ihat hwe been uuired ￿ th•ordinary tsxT5e of operatMs from
5uppliets. Amounts payable are dawfied as i)JrTent liatslities if paymenl is due within one yearor less. If not. they are pres8nt8d as
non4wfTent liablities. Trade creditors are recogrri5ed inilialty at tranSaCb￿ subsequenlly measured at a￿￿tsed tosl
using the effecU¥e ￿￿eSt methoj.
8￿12

True Buddha School Limited
Notes to the Financial Statemenls Continued
For the year ended 31 March 2021
2. Incomg from donations and legaclos
21
202
Unr•$trl¢t•d fvnd$
Donatic￿$ re¢ei¥ed
115.619
253,072
115,619
253.072
3. In¥￿¢m*￿t Incomo
2021
2020
Unre$trl¢l¢il fund$
Bank interest receivable
545
220
4. Exp•ndi¢urg On g•n•ratin9 dortailom and legad•s
2021
2020
Unr•8tr1Ct￿ funds
Support costs
95,616
8l,C*7
95,618
81,067
5. Costs of ¢harltsbl• •ctl¥iles by fvnd typ•
2021
2020
Unr•4trfctod funds
Tempk costs 8rKt GortsLThLA¥5
11.743
89.959
6. Costs of charltable actlYlll•s by activity typ•
2021
2020
A¢tivili•$ undortok•n dlr•¢tty
Yempl8 Costs corssurn8t485
11,743
89.959
9of12

True Buddha School Limited
Notes to the Financial Siatements Continued
For the year ended 31 March 2021
7. Analy51s ofsupwrt ¢osts
2021
Z020
Management
Bank tharges & k)an
Int￿$t
68.334
2.002
65.411
476
Goveman¢e Costs
25,280
15.180
95,616
81,067
8. Net Incomthll•xpendlturel for the year
This 15 Stated aftercharg1￿(c￿ditlngj.'
2021
2020
Deprecwtson of owned fixed a55e15
ACC￿￿tancY fees
{GainyLoss on fLYeign currew translatK
38.826
S.158
39.521
16851
13,5671
9. Slaff ¢￿ts and *m•lum•nts
Total staff costs for Ihe year ended 31 March 2021 w8rg:
2021
2020
Sabrw and wages
29.508
25.890
29.508
25,890
lo￿12

True Buddha School Limiled
Notes to the Financial Statements Continued
For the year ended 31 Marth 2021
10. Tanglblo ffix•d ass•ls
Land and
l)uild#i9S
Books and Frxlur85 and Improvement
Flttlnos
to ProprtT
Cost or ¥aluallon
Total
At 01 April 2020
At 31 March 21y21
1.184.000
1.184.000
179,440
179.440
5,875
S.87S
618,419
618.419
1,987,734
1.987.734
Depreciation
At 01 N)nl 2020
Charge for year
Ai 31 March 2021
Not book Values
473.6
165.607
5.818
221.760
866.785
23,680
497.280
2.767
168.374
11
12,368
234.129
38,828
905,611
&829
At 31 March 2￿21
686.720
11.088
384.290
1.082.123
At 31 March 2020
710.400
13,833
396,6S9
1,120,949
11. Debtors
2021
2020
Amounls du• aft•r moro than on• y•ar.
Other deblors
343.994
343.994
343.9M
343,994
12. Cr•dltors". arnounts falmrq du• wtthln ono y•ar
2021
2020
Olher creditors
3,316
15.380
347
17.004
A¢cN81$ and deferred in¢x)me
18.696
17,351
11 of 1

True Buddha School Limited
Detailed Statement of Financial Activities
For the year ended 31 March 2021
2021
2020
INCOME AND ENDOWMENT
Donation8 and 10gaci•$
Donations
115.619
253.072
115,619
253,072
Investmènts
Bank interesl r￿1vatIe
545
220
Total in¢omSng T•SOWWC•S
EXPENI)ITURE
Charltablo acllvl
Cost of direct tharitabte acti¥ty
115.039
253.617
111,7431
{89,9591
111.7431
189,959)
SUPPORT COSTS
Managem¢nt
Managemenl
168,3341
{65,411j
165.4111
168.3341
Bènk ¢harges & loan intsrest
Bank ¢harge$ & loan int¢r¢st
12,0021
1476}
12.0021
14761
GOV•man￿ costs
Govemance ¢osts
125.2801
115.1801
125.2801
115,1801
Total r•50urc05 0xpondod
1107,3591
1171,0261
Net Incoffle
02,591
12of12
Thi$ pa￿ (hxs noifm pwt stabjiory fnanual Statune￿$