REDBRIDGE BUDDHIST CULTURAL CENTRE CHARITY NO:1075351
Annual Report and Accounts For the year ended
31 October 2020
REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
Charity Information
President
Ven. Pethigamuwe Hemaratana – Chief Incumbent
Hon. Joint Secretaries
Mr Bennet Samarakoon Mr Manoj Fernando
Hon. Joint Treasurers
Mr Mangala Kannangara Mr Thilak Mudalige
Board of Trustees
Ven Pethigamuwe Hemaratana Mrs Sumana Hemalatha Wimalasundera Mrs Mallika Pearl Nanayakkara Mr Bandu Jay Perera Dr Siri Abeysekera Mrs Renuka Perera Dr Palitha Serasinghe Mr Aruna Perera Dr W Gunawardana
Independent Examiner
Mr Sarath Jayaratne 119 Belgrave Avenue Romford Essex RM2 6PS
Bankers HSBC 74 High Street Barkingside Ilford, Essex IG6 2DN
Charity Commission registration number: 1075351
Charity Address Redbridge Buddhist Cultural Centre 9 Balfour Road Ilford Essex IG1 4HP
2
REDBRIDGE BUDDHISTCULTURALCENTRE Annual report & accounts lorlhe year ended 31 October 2020 Charity No 1075351 Redbridge Buddhist Cultural Centre 9. Balfour Road. Ilfvrd. E55cx I(i1414P Tel: 020 8478 8286 Rc&viiiercd CThariiy Nv: 1075351 Truslees. Annual Report ol Ihe RBCC for Ihe yeor 201912020 The Following members served os ltte Trustees of Ihe chority: Veneroble P. Hemorotano Mrs. Molliko Nonoyokkofo Mrs. Hemo Wimolosundora Mr. Bondula Perefts Mrs Renuko Perera Dr s Abeysekoro Acll¥lll•* & Achl•v•m•nts ol lh• Charlty The loll<)wing activities were carried out lo ochitive the oblectives ol the thlty cjurtro the yeu 2019n020. TNS yeor has teen o 801 chalenge ol achieving Ihe re9ulaf chcmfty octivilies in the usuol mannef due to the unryecedenled 0b01 pondenyc of COVID -19. We hove followed the govefnmenl guTrdelines wlh nolionol ond locd Tesliiclions. lockdown ond heallh ond solely gulclelines to prevenl thè SPTeod ol the virus. Bul we hove olternpled our best lo piovide Ihe relKJious ond sutw(ylive oclivi1Ses virtually vio locebook ond zoom plarfofms. On the I I Ih Januory. Ihe annual plrflh chonling ceremony wos held at Ihe premisses ol the vil0 ond this wos the only physical gothering Ihol we wwe able lo hove durlng Ihis yèar. The New Yeor celebfotion wos pnnd lo be hekl on the 181h Aprll. bul was concelled due lo the COVID - 19 pondemic. We 0150 hod scheduled lo draw Ihe rolfle in obcl ol the building fund on the some cjoy ol the time of the ceremony. Iniliolly we p051poned this lottery drow lo the Kollno ceremony day on ltte 181h Oclober ond the lollery was concelled due lo lurlher extension of the COVID-19 reslriclions. We consull&d Redtrfidge Councll the concelk)Ilon procedufe of Ihe lottw. A speclol In is menlioned lo those supported the lottery. A specid sub<ommiltee was oppoinled lo do rlsk assessments and moke recortYneroIIons to lollow occording to the govemment guidelines.
REDBRIDGE BUDDHIST CULTURAL CENTRE
Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
Board of Trustees
Redbridge Buddhist Cultural Centre
22 August 2021
4
REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
Independent Examiner's Reports to
The Trustees of REDBRIDGE BUDDHIST CULTURAL CENTRE
I report on the accounts of the Trust for the year ended 31 October 2020 which are set out on the page 7-11. My examination was carried out in accordance with General Directions given by Charity Commissioners. 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 explanation from you as Trustees concerning and such matters. In my examination, no such matters of concern has come to my attention. .
In my opinion of the financial statements give true and fair view of the Charity's income and expenditure for the year ended 31 October 2020
Sarath Jayaratne BA(Hon) FCCA
Accountants
119 Belgrave Avenue
Gidea Park
Romford
Essex
RM2 6PS
22 August 2021 07988749037
5
REDBRIDGE BUDDHIST CULTURAL CENTRE
Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE-CHARITY NO:1075351
Statement of Financial Activities for the year ended 31 October 2020
| Statement of Financial Activities for the year ended 31 October 2020 |
||
|---|---|---|
| Notes Income from charitable activities Donations 1 Other income from fund raising 2 Total income Expenditure on charitable activities Fund raising, cultural events and other expenses 3 Travel and subsistence 4 Utilities, services and insurance expenses 5 Repairs and maintenance Telephone and other office expenditure 6 Legal and other professional fees Gift and donation towards community support 8 Risk Management expenditure Total expenditure Total income over expenditure Finance cost and other charges Interest charges 7 Depreciation Net movement of funds - Surplus(deficit) for the year |
2020 £ 30,177 4,397 34,574 (922) (4,550) (11,666) (1,562) (1,150) (765) (4,200) (240) (25,055) 9,519 (1,713) (145) 7,661 |
2019 £ 39,469 5,915 |
| 45,384 (3,880) (5,875) (10,366) (348) (1,571) (700) 0 0 |
||
| (22,740) | ||
| 22,644 | ||
| (2,146) (145) |
||
| 20,353 |
6
REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE-CHARITY NO:1075351
| Balance Sheet As at 31 October 2020 Notes Fixed Assets Equipment 9 Freehold Land & Building. 9 Total non-current assets Current Assets Bank/building society balances Cash in hand Net current assets Total assets Loans due after more than one year Total Net Assets Represented by: Unrestricted Fund at the beginning of the period Net Movement For the year Total Funds |
2020 £ 288 297,673 297,961 98,064 266 98,331 396,292 (40,569) 355,723 348,062 7,661 355,723 |
2019 £ 433 297,673 |
|---|---|---|
| 298,106 97,517 241 |
||
| 97,758 395,864 (47,802) |
||
| 348,062 | ||
| 327,709 20,353 |
||
| 348,062 |
Notes on pages 9 to 11 are form part of this financial statements. The financial statements have been approved by Board of Trustees and signed on its behalf.
7
Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE
Notes to the Accounts
for the year ended 31 October 2020
| Note | 1 | Income from donations | 2020 | 2019 | |
|---|---|---|---|---|---|
| £ | £ | ||||
| Monthly Standing Orders from devotees | 2002 | 19,270 | 18,453 | ||
| Gift Aid | 2005 | 2,981 | 0 | ||
| Vihara Donation Box | 2004 | 823 | 1,505 | ||
| Donation - Katina ceremony | 2006 | 5,653 | 10,580 | ||
| Other donations from devotees & visitors* | 2000 | 1,450 | 8,932 | ||
| 30,177 | 39,470 | ||||
| *included above, the donation of £6,000 received in memory | of Late Mr. Lionel Balasuriya. | ||||
| Note | 2 | Income from other fund raising | 2020 | 2019 | |
| £ | £ | ||||
| Fund raising - cultural events | 2001 | 500 | 1,735 | ||
| Fund raising - religious events | 685 | 1200 | |||
| Fund raising - foods stall | 2003 | 0 | 2,360 | ||
| Fund raising - Sunday school & other | 17 | 620 | |||
| Donation other - Towards community support | 2010 | 1,665 | 0 | ||
| Donation other - Lottery & vihara development | 2011 | 1,530 | 0 | ||
| 4,397 | 5,915 | ||||
| Note | 3 | ||||
| Fund raising, cultural events and other expenses | 2020 | 2019 | |||
| £ | £ | ||||
| Hall & Marqee Hire | 1200 | 549 | 2,490 | ||
| Katina & other festival expenses | 1201 | - | 986 | ||
| Raffle Prizes and Gifts | 1100 | 200 | 350 | ||
| Sundry - other expenses | 1015 | 173 | 54 | ||
| 922 | 3,880 |
8
REDBRIDGE BUDDHIST CULTURAL CENTRE
Charity No 1075351
Annual report & accounts for the year ended 31 October 2020
Note 4 Utilities, services and insurance expenses
| Note 4 | Utilities, services and insurance expenses | |||
|---|---|---|---|---|
| 2020 | 2019 | |||
| £ | £ | |||
| Cleaning services | 1000 | 1,055 | 2,010 | |
| Gas and Electricity | 1002 | 8,227 | 6,089 | |
| Insurance - property | 1004 | 1,081 | 1,057 | |
| Licensing Cost, security & alam | 1007 | 681 | 567 | |
| Water rates/charges | 1014 | 621 | 644 | |
| 11,666 | 10,366 | |||
| Note 5 | Travel and subsistence expenses | 2020 | 2019 | |
| £ | £ | |||
| Air ticktes and subsistance | 1013 | 4,550 | 5,075 | |
| Travelling - Katina & pirith Ceremony | - | 630 | ||
| Travelling other | - | 170 | ||
| 4,550 | 5,875 | |||
| Note 6 | Telephone and other office expenditure | 2020 | 2019 | |
| £ | £ | |||
| Postage | 1008 | 121 | 292 | |
| Stationery and printing | 1011 | 30 | 56 | |
| Telephone and fax | 1012 | 1,000 | 1,222 | |
| 1,150 | 1,571 | |||
| Note 7 | Finance cost | 2020 | 2019 | |
| £ | £ | |||
| Interest paid on mortgage | 1300 | 1,713 | 2,146 | |
| 1,713 | 2,146 | |||
| Note 8 | Gift and donation towards community support | expenditure | 2020 | 2019 |
| £ | £ | |||
| Funeral expenses paid - devotees | 1300 | 1,200 | - | |
| Other gifts | 3,000 | - | ||
| 4,200 | 2,146 |
9
Annual report & accounts for the year ended 31 October 2020
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE
Note 9. Property, plant and equipements
| Cost or revaluation At 1 November 2019 Depreciation At 1 November 2019 Charge for the year At 31 October 2020 Net book value At 31 October 2019 At 31 October 2020 |
Land & Building 297,673 297,673 0 0 0 297,673 297,673 |
Furnitures & Equipments Library Books Total £ £ £ 14,573 1084 313,330 14,573 1084 313,330 14,140 1,084 15,224 145 0 145 14,285 1084 15,369 433 0 298,106 288 0 297,961 |
|---|---|---|
Note 10. Trustees and committee members benefits
The trustees and committee members of RBCC render their service on voluntary basis and and there were no payment made to the trustees or committee members during the year
10