2022 was a year of consolidation. as we continued to recover from the impact of Covid. Whilst regular income from standing orders were largely unaffected by the pandemic, class income has taken time to recover from the close down as people gain confidence in coming to classes again.
We were able to hold a successful weekend retreat for the first time in three years. Whilst smaller in scale than our previous 4 night retreat in 2019, the event did much to develop friendships and give a sense of community.
During 2022 we received a legacy of nearly £31,000 following the death of Aryashila in 2021. Aryashila, during her years in Newcastle, was very keen amongst other things to help develop financial stability following the purchase of our current centre in 2017. This boost to our reserves from her gift gives us a solid basis from which to operate. After years of operating purely with voluntary effort, we were able to offer a small amount of support to our chair from 2021 and we believe this is sowing the seeds to flourish further.
We continue to keep a strong control on expenditure. We felt the benefit of the capital improvements to the building we made in 2021 and were able to limit our expenditure in 2022 to normal operating costs.
Overall, our financial results reflect a picture of a centre that is continuing to deliver the Dharma to the people of Newcastle and surrounding areas without having to limit what we offer for any reasons of affordability for those in need.
## **Newcastle Buddhist Centre accounts for year ending 31 December 2022**
||**ear ending 31 December 2022**|**ear ending 31 December 2022**||
|---|---|---|---|
|**Balance b/f**
current account
petty cash
Westgate Road equity
Virgin deposit
**Class income**
Day event
Introductory course
Sangha night
Mitra study & GFR
**Support income**
Standing orders
Dana
**Misc income**
Deposit interest
Bookshop income
Educational events
Weekend retreat
Legacy
Gift aid refund
**Gross Income**
**Buildings expenditure**
Energy bills
CLOSE-AMPS insurance
Fire safety/H&S
Premises
water rates
Office costs
TalkTalk
Computer costs
**Support expenditure**
Mitra convenor expenses
Chair expenses
Support incl tax
External support
Marketing
Other support costs
**Misc expenditure**
Retreat costs
Book purchases
**Gross Expenditure**
Net income /(expenditure)
**Balance c/f**|2022
£
10,366
100
108,494
20,872|2021
Notes
£
17,847
100
93,062
20,844
131,853
25
692
937
150
10,885
336
28
1
400
398
2
0
0
2,535
**16,386**
566
728
125
126
132
0
378
285
589
0
3,400
1,300
201
419
2
0
1
158
**8,407**||
||139,832
131
648
843
549
10,786
262
122
437
719
2,074
30,887
2,640
**50,098**
701
725
129
211
192
173
270
335
708
725
4,927
500
173
0
1,258
183
**11,210**|||
||38,888
178,720|||
**----- Start of picture text -----**
Balance sheet 2022 2021
Fixed assets
Westgate Road 174,494 3 174,494
Current assets
current account 11,182 10,366
petty cash 50 100
Virgin deposit 50,994 20,872
62,226 31,338
Current liability
loan due within 1 year (8,000) 4 (8,000)
Net current assets 54,226 23,338
Liabilities over one year
loan due more than 1 year (50,000) 4 (58,000)
Net Assets 178,720 139,832
Represented by
Unrestricted Funds
Ordinary activities 62,226 31,338
Westgate Road 116,494 5 108,494
178,720 139,832
Memorandum accounts
Bookshop Bookshop income 437 1 400
Book purchases 183 1 158
Net (spend)/income 254 242
Retreats Weekend retreat 2,074 2 0
Retreat costs 1,258 2 0
Net income 816 0
Notes
1 See memorandum account above
2 See memorandum account above. No retreat in 2021
3 Westgate Road purchase cost £88,000 and building works £79,062, held at historic cost.
£7,432 cost of works added in 2021 as economic benefit was greater than one year.
4 £100,000 interest free loan repaid at £8,000 p.a. commencing 1 December 2017
5 Equity in building
**----- End of picture text -----**
## **Independent examiner's report to the trustees of Triratna Buddhist Community (Newcastle) 1044379**
I report on the accounts of the Trust for the year ended 31 December 2022, which are set out on two pages.
## Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
examine the accounts under section 145 of the 2011 Act;
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and to state whether particular matters have come to my attention.
## Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
## Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the 2011 Act; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
## have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## Sarah Marshall
4 Lyric Close, NE29 8SP. 15 October 2023