Cardiff Buddhist Centre Chairs report for the year May 1[st] 2020 to April 30th 2021
Our main vehicle for the advancement of the Buddhist religion is the Cardiff Buddhist Centre. At the moment we continue to teach Buddhism and meditation to the public and members attending the Centre
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we offered beginners courses in Buddhism and meditation
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we offered on-going classes in Buddhism (sangha evening)
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we offered study for mitras and those who have asked for Ordination into the Triratna Buddhist Community
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we offered day and weekend retreats, festival days and other events
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we offered meditation classes every week of the year for people who want to learn to meditate and relieve stress.
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we continued to host school visits
Because the Covid 19 pandemic- most of these activities were offered online
There are 48 mitras, 29 of whom have asked for Ordination into the Triratna Buddhist Order, and 1 is not actively involved.
Significant events during the year were:
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Despite the Covid 19 pandemic, we were able to adapt and run most activities online. This was met by much appreciation from the Sangha.
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One of our mitras was ordained into the Triratna Buddhist Order, a significant event for our sangha
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We had five new mitras
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We held our first online Urban retreat in collaboration with the smaller Stroud Sangha. The retreat was very successful with 70 bookings and much appreciation from all who attended. We hope this collaboration in supporting smaller sanghas such as Stroud will continue.
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We were successful in gaining £29,000 in government grants to subsidise the loss of income due to the Yoga studio not being open.
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One of our part-time employees was furloughed for a short period.
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We planned and taught our first meditation class through the medium of the Welsh language. Using zoom, this is a collaboration between North and South Wales Order members.
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Vajragupta, our President conducted an online visit and attended a council meeting.
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A number of visiting teachers came and taught days online for the centre.
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The Yoga teacher who manages the yoga studio announced that he wanted to step down from the responsibility and so the council started to look into how they could manage the resource.
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We continued to adopt the Triratna Buddhist Community safeguarding policies.
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We engaged the services of a professional book keeper
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Despite the disruption of the pandemic, we adapted seamlessly and the community stayed cohesive and connected to the Buddhist centre.
Our financial position remains good:
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Our income increased by £18,382 despite the loss of income from the yoga studio. This was due to a number of successful online events and government grants.
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Our expenditure decreased by £2,873 due to retreats and training not being available.
Our net assets increased from £168, 389 to £ 187,886 over the period (although our real assets are significantly higher as the property at 12, St.Peters Street is in the Balance Sheet at cost not market value).
Our accounts show a surplus of £19,497 and we are still able to pay our liabilities without undue difficulty. We hold 3 months of operation costs, approximately £15,000, as stated in our reserves policy.
Our members continue to support and teach classes at the centre on a voluntary basis, and we are very grateful to them for this.
The centre is supported by a large number of volunteers to help it run effectively. Two people are supported part time.
The Centre is a registered place of worship.
Declaration
The trustees have read and approved the above report as an accurate record of our year’s activities.
Joanna Blomfield (Chair) January 7[th] , 2022
Charity trustees
| Joanna Blomfield | Chairwoman | 1stMay 2020 – 30thApril 2021 |
|---|---|---|
| (Chair from 21stSeptember 2018) | ||
| Linda Shaw | Trustee | 1stMay 2020 – 30thApril 2021 |
| Jenny Franks | Trustee | 1stMay 2020 – 30thApril 2021 |
| Marc Buehner | Trustee | 25th May 2020- 30thApril 2021 |
| Jayne Osgood | Secretary | 1stMay 2020 – 30thApril 2021 |
| Jane Hubbard | Trustee | 1stMay 2020 – 30thApril 2021 |
| Katherine Chaloner | Trustee | 1stMay 2020 – 30thApril 2021 |
AIMS AND OBJECTIVES OF THE CHARITY
The object of the Friends of the Triratna Buddhist Community ( South Wales) is the advancement of the Buddhist religion, in particular:
- To encourage members to live in accordance with the teachings of the Buddha.
2.To support ordained members of the Triratna Buddhist Order and other duly ordained Buddhists, at the discretion of the Council of the Triratna Buddhist Community (South Wales).
- To Maintain close communication with, and work under the guidance of the Triratna Buddhist Order and in co-operation with other groups with the same objectives.
BANK
The Co-operative Bank PLC, PO Box 250, Skelmersdale, WN8 6WT
Triratna Buddhist Community (South Wales)
Accounts and Annual Report For the year ended 30[th] April 2021
Charities Registration No. 1069536
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) BALANCE SHEET YEAR ENDED 30th APRIL 2021
| ASSETS FIXED ASSETS Property at Cost Furniture and Fixtures Office Equipment Devotional Objects Library: Books, Audio etc. CURRENT ASSETS Bank Current Account COIF Charities Account PayPal Petty Cash Stock - Book/Giftshop Debtors and Prepayments -Note 1 TOTAL ASSETS Total Assets brought forward LIABILITIES Creditors and Accruals -Note 2 NET ASSETS RESPRESENTED BY: Capital Surplus for the Year |
2021 117,545 1,088 439 5,194 3,365 127,631 27,084 20,252 4,196 268 2,493 6,305 60,597 188,229 188,229 2021 343 187,886 168,389 19,497 187,886 |
2020 117,545 1,088 439 5,194 3,365 |
|---|---|---|
| 127,631 | ||
| 11,810 23,232 213 2,789 3,100 |
||
| 41,145 | ||
| 168,776 | ||
| 168,776 | ||
| 2020 388 |
||
| 168,389 | ||
| 170,146 1,758 - |
||
| 168,389 |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) INCOME & EXPENDITURE ACCOUNT YEAR ENDED 30th APRIL 2021
| INCOME CENTRE EVENTS Classes Courses - Buddhism, Meditation Retreats School Visits DONATIONS Standing Orders Gift Aid - Note 3 Sundry/Fundraising Events OTHER INCOME Room & Yoga Studio Hire Sales - Books /Gifts Bank Deposit Interest Government Grants -Note 4 Job Retention Scheme Grants TOTAL INCOME |
2021 2,347 5,105 10,694 0 18,145 13,883 2,753 101 16737 334 379 19 29,000 800 30532 65,414 |
2020 5,866 5,995 1,920 120 |
|---|---|---|
| 13,901 | ||
| 10,695 3,000 3,018 |
||
| 16,713 | ||
| 14,319 1,962 137 - - |
||
| 16,418 | ||
| 47,032 |
| EXPENDITURE ADMINISTRATION Advertising & Publicity Telephone Household/Shrine Printing, Postage & Stationary Office Equipment Leasing Computer Expenses Bank /PayPal / Izettle Charges Legal & Professional Fees/Licence Bookkeeping PREMISES Insurance Water Light & Heat Repairs & Maintenance Council Tax Security OTHER EXPENSES Purchase of Stock - note 5 Retreats - Hire of Premises Retreats - Expenses Visitors Travel, Expenses, etc. DONATIONS & SUPPORT Retreats & Training Other Centres/ Institutions Staff Costs - Note 6 TOTAL EXPENDITURE Surplus/ (deficit) |
2021 92 605 154 104 480 680 372 50 803 3340 1,498 117 2,146 3,356 - 173 7291 297 0 0 1,840 2,137 1,774 2,070 29,305 33,149 45,917 19,497 |
2020 - 610 965 106 360 418 234 179 - |
|---|---|---|
| 2,871 | ||
| 1,494 403 2,668 1,668 615 - |
||
| 6,849 | ||
| 2,011 - 223 1,166 |
||
| 3,400 | ||
| 4,258 1,970 29,443 |
||
| 35,670 | ||
| 48,790 | ||
| 1,758 - |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) NOTES TO THE ACCOUNTS YEAR ENDED 30th APRIL 2021
1 Debtors & prepayments
| Gift Aid 2019-20 Gift Aid 2020-21 Retreats April 2020 wage overpayment reallocated to May 2021 Teacher expense Grenke leasing Creditors & accruals Bookkeeping - April 2021 Total Gas - March & April 2021 Teacher expense |
£3,000 £2,500 £580 £161 £4 £60 |
|---|---|
| £6,305 | |
| 75 £ 63 £ 205 £ |
|
| 343 £ |
2 Creditors & accruals
3 Gift aid to be claimed for 2020/2021 is estimated at £2,500. £253 was collected through PayPal Giving.
4 £24,000 was awarded by Cardif Council and £5,000 by the Sports Council (for yoga studio)
5 There were no stock purchases this year. The £297 relates to a year end stock adjustment
6 Related parties
Total support costs including retreats for 3 employees are £30,924.46. Amounts paid to Kamalagita (Chair) and Tamonuda (Trustee) are:
| Kamalagita (Joanna Hughes) Tamonuda (Linda Shaw) |
16,393 £ 6,686 £ |
|---|---|
| 23,079 £ |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) NOTES TO THE ACCOUNTS YEAR ENDED 30th APRIL 2021
6 Basis of accounting
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value.
The accounts have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charites preparing their accounts in accordance with the Financial reporting Standards applicable in the UK and the Republic of Ireland (FRS102) and with the Charities Act 2011.
7 Income
Income is recognised when the charity becomes entitled to the resources; if it's more likely than not that the trustess will receive the resources; and when the monetary value can be measured with sufficient reliability.
Donations are included when the general income recognition criteria are met.
Gift Aid receiveable is included in the income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of the gift and is treated as an addition to the same fund as the intitial donation unless the donor has stated otherwise.
Income from interest is included in the accounts when the receipt is probable and the amount receivable can be measured reliably.
The value of any volunteer help received is not included in the accounts but described in the Chairs report.
8 Expenditure & Liabilities
Liabilities are recognised where it is more likely than not that that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
The charity has creditors which are measured at settlement amounts less any trade discounts.
9 Assets
Tangible fixed assets are valued at cost.
Stocks held for re-sale are measured at the lower of cost and net realisable value.
Debtors are measured on initial recognition at settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received.
Independent examiner’s report to the trustees of Triratna Buddhist Community (South Wales)
I report to the trustees on my examination of the accounts of the Triratna Buddhist Community (South Wales) for the year ended 30 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the applicable requirements concerning the form and content of accounts 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 part of 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 order to enable a proper understanding of the accounts to be reached.
Signed:
Nicholas Gray, MAAT
Adhisthana Coddington Court Ledbury Herefordshire HR8 1JL
8[th] January 2022