Cardiff Buddhist Centre Chairs report for the year May 1[st] 2021 to April 30th 2022
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
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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.
- we continued to host school visits
Because the Covid 19 pandemic- most of these activities were offered online
There are 49 mitras, 29 of whom have asked for Ordination into the Triratna Buddhist Order.
Significant events during the year were:
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We continued to adapt and run some activities online. This was met by appreciation from the Sangha.
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Following the necessary risk assessments and Welsh Government Advice, we had a phased opening of the Buddhist Centre, with most activities back in person by Feb 2022
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We had a new mitra.
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We held our second online Urban retreat in collaboration with the smaller Stroud Sangha. Although a smaller event it was much appreciated by both sanghas and plans were made for an in person retreat the following year.
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Given that the manager of the Yoga Studio was finishing this rolethe trustees saw the need and business case to create a new role of a full time Buddhist Centre and Yoga studio manager. This role was created in July 2022 and an employee appointed.
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Two of our part time employees retired
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We continue to offer Welsh language Dharma classes online (the only Buddhist Centre in Wales to do this). Following the success of
the pilot we decided to apply for funding for translation of materials for the Future Dharma fund.
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Vajragupta, our President held an away weekend with the Trustees to do some blue sky thinking of the Buddhist Centre coming out of the period and how it could thrive. The trustees came up with a strategy of new sangha gatherings which has been enacted. Vajragupta also met with a number of members of the sangha.
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We held our first ‘Mandala evening’ part of this new strategy where we introduced new sangha members to various aspects of the Buddhist Centre and set out our vision.
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A number of visiting teachers came and taught days online for the centre.
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We appointed two Dharmacharinis into the role of mitra convenor, they will share the role.
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We continued to adopt the Triratna Buddhist Community safeguarding policies.
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We appointed a new safeguarding officer.
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We continue to engage the services of a professional book keeper
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We purchased a new boiler that heats the Buddhist Centre and Yoga studio
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We carried out substantial building works on the front of the Yoga studio and the entrance of the Buddhist Centre as well as painting the outside of the Buddhist Centre.
Our financial position remains stable:
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Our income decreased by £30,336 due to the loss of income from the yoga studio and former government funding not being available
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Our expenditure increased by £12, 362 due to the purchase of a new boiler, building works at the centre and an overlap of employing personnel.
Our net assets decreased from £188,229
to £165,648 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 deficit of £23 201 but we are still able to pay our liabilities without difficulty. We hold 3 months of operation costs, approximately £15,000, as stated in our reserves policy.
The trustees took a financial risk employing a full time centre and yoga studio manager. However this risk was balanced by the fact that without a yoga studio manager there was the risk of the former yoga studio annual income disappearing all together. The advertising and administration needed to be done and there was no-one to do it. Added to this were Covid procedures, extra cleaning etc which would fall to the
Chair and prevent her fulfilling her duties. The former mitra convenor was stepping down and the current mitra convenors do not need financial support so there was a saving that could go towards the cost.
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) December 19th, 2022
Charity trustees
| Charity trustees | ||
|---|---|---|
| Joanna Blomfeld | Chairwoman | 1stMay 2021 – 30thApril 2022 |
| (Chair from 21stSeptember 2018) | ||
| Linda Shaw | Trustee |
1stMay 2021 –Jan 28th2022 |
| Jenny Franks | Trustee | 1stMay 2021 – 30thApril |
| 2022 | ||
| Marc Buehner | Treasurer | 25th May 2021- 30thApril |
| 2022 | ||
| Jayne Osgood | Secretary | 1stMay 2020 –16thJuly 2021 |
| Jane Hubbard | Trustee |
1stMay 2020 – 30thApril 2022 |
| Katherine Chaloner | Trustee | 1stMay 2021 – 30thApril |
| 2022 | ||
| Sue Yeo |
Secretary |
10thDecember 2021- 30thApril |
| 2022 | ||
| Andy Gorno | Trustee | 28thJanuary 2021- 30thApril 2022 |
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: 1. 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 2022
Charities Registration No. 1069536
Charities Registration No. 1069536
| TRIRATNA | BUDDHIST COMMUNITY (SOUTH | BUDDHIST COMMUNITY (SOUTH | WALES) | |
|---|---|---|---|---|
| BALANCE SHEET | ||||
| YEAR ENDED 30th APRIL 2022 | ||||
| 2022 | 2021 | |||
| ASSETS | ||||
| FIXED ASSETS | ||||
| Property at Cost | 117,545 | 117,545 | ||
| Furniture and Fixtures | 1,088 | 1,088 | ||
| Office Equipment | 1,175 | 439 | note 1 | |
| Devotional Objects | 5,194 | 5,194 | ||
| Library: Books, Audio etc. | 3,365 | 3,365 | ||
| 128,367 | 127,631 | |||
| CURRENT ASSETS | ||||
| Bank Current Account | 9,653 | 27,084 | ||
| COIF Charities Account | 20,267 | 20,252 | ||
| PayPal | 2,564 | 4,196 | ||
| Petty Cash | 169 | 268 | ||
| Stock - Book/Giftshop | 2,004 | 2,493 | ||
| Debtors and Prepayments | 2,570 | 6,305 | note 2 | |
| 37,227 | 60,597 | |||
| TOTAL ASSETS | 165,594 | 188,229 | ||
| Total Assets brought forward | 165,594 | 188,229 | ||
| LIABILITIES | 2022 | 2021 | ||
| Creditors and Accruals | 909 | 343 | note 3 | |
| NET ASSETS | 164,685 | 187,886 | ||
| RESPRESENTED BY: | ||||
| Capital | 187,886 | 168,389 | ||
| Surplus for the Year | - | 23,201 |
19,497 | |
| 164,685 | 187,886 |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES INCOME & EXPENDITURE ACCOUNT YEAR ENDED 30th APRIL 2022
| INCOME CENTRE EVENTS Classes Courses - Buddhism, Meditation Retreats School Visits DONATIONS Standing Orders Gift Aid Sundry/Fundraising Events OTHER INCOME Room & Yoga Studio Hire Sales - Books /Gifts Bank Deposit Interest Government Grants Job Retention Scheme Grants TOTAL INCOME |
2,022 2,203 4,473 5,232 - 11,907 14,262 1,779 50 16,090 4,653 413 15 2,000 - 7,080 35,078 |
2021 2,347 5,105 10,694 0 18,145 13,883 2,753 note 4 101 16737 334 379 19 29,000 note 5 800 30532 65,414 |
|---|---|---|
| EXPENDITURE ADMINISTRATION Advertising & Publicity Telephone Household/Shrine Printing, Postage & Stationary Office Equipment Leasing Computer Expenses Bank /PayPal / Izettle Charges Legal & Professional Fees/Licence Bookkeeping Small Equipment Other PREMISES Insurance Water Light & Heat Repairs & Maintenance Council Tax Security Waste OTHER EXPENSES Purchase of Stock Retreats - Hire of Premises Retreats - Expenses Visitors Travel, Expenses, etc. DONATIONS & SUPPORT Retreats & Training Other Centres/ Institutions Staff Costs |
2,022 137 605 307 233 330 1,480 167 72 1,281 291 169 5,072 1,444 214 2,200 5,418 53 226 179 9,734 702 840 229 191 1,963 3,997 1,920 35,594 41,511 |
2021 92 605 154 104 480 680 372 50 803 0 0 3340 1,498 117 2,146 3,356 - 173 0 7291 297 0 0 1,840 2,137 1,774 2,070 29,305 note 6 33,149 |
|---|---|---|
| TOTAL EXPENDITURE Surplus/ (deficit) |
58,279 23,201 - |
45,917 |
|---|---|---|
| 19,497 |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) NOTES TO THE ACCOUNTS YEAR ENDED 30th APRIL 2022
1 Depreciation of fixed assets
Depreciation is calculated at 25% straight line.
| Computers at cost Other items at cost Accumulated depreciation to 2020 Charge for the year Net book value |
823 439 0 87.3 |
|---|---|
| 1175 |
2 Debtors & prepayments
| Gift Aid 2021-22 Retreats Creditors & accruals Buddhism course deposits - April 22 Payroll - April 22 Bookkeeping - April 22 Light & heat - April 22 Computer expense - April 22 Water charge - April 22 |
£2,410 £160 |
|---|---|
| £2,570 | |
| 150 £ 233 £ 94 £ 326 £ 3 £ 104 £ |
|
| 909 £ |
3 Creditors & accruals
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4 Gift aid claimed for 2020/2021 is £2,625.34. As Gift Aid was over-estimated in 2020-21 the actual amount is £1778.63
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5 £2000 from Cardiff Council - Emergency Business Fund for yoga studio
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6 Increase in staff costs due to employing a new centre manager full-time.
7 Related parties
Total support costs including retreats for 2.3 FTE employees are £38,421.50. Amounts paid to Kamalagita (Chair) and Tamonuda (Trustee) are:
| Kamalagita (Joanna Hughes) Tamonuda (Linda Shaw) |
16,454 £ 6,816 £ |
|---|---|
| 23,269 £ |
Charities Registration No. 1069536
TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) NOTES TO THE ACCOUNTS YEAR ENDED 30th APRIL 2022
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 2022.
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
14[th] January 2023