## **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 th￿lty 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 vil￿0 ond this wos the only physical gothering Ihol we wwe able lo hove durlng Ihis yèar. The New Yeor celebfotion wos p￿nn￿d 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 I￿n￿ is menlioned lo those supported the lottery. A specid sub**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