REDBRIDGE BUDDHIST CULTURAL CENTRE CHARITY NO:1075351
Annual Report and Accounts For the year ended 31 October 2021
REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2021
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
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REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
9, Balfour Road, Ilford, Essex IG1 4HP Tel: 020 8478 8286
Registered Charity No: 1075351
Trustees’ Annual Report of the RBCC for the year 2020/2021
The Following members served as the Trustees of the charity:
Venerable P. Hemaratana Mrs. Mallika Nanayakkara Mrs. Hema Wimalasundara Mr. Bandula Perera Mrs Renuka Perera Dr Siri Abeysekara Dr Palitha Serasinghe Mr Aruna Perera Dr W D Gunewardhana
Three new trustees were appointed following the amendment of the governing document to increase the maximum number of trustees to nine at the last annual general meeting. The record of this amendment was lodged with the Charity commission for the approval.
Activities & Achievements of the Charity
The following activities were carried out to achieve the objectives of the charity during the year 2020/2021.
Health and safety of the venerable monks as well as the devotees continued to be the highest priority of this year too due to the ongoing COVID 19 pandemic situation. We continued to minimise the number of devotees attending and encouraged to join on online platforms for the religious and cultural activities.
Blessings for the new year
The annual pirith chanting was held on the 9[th] of January to bless the devotees and to bless the humanity to overcome the pandemic where the devotees joined via online platforms. Ratana sutra which is well known as a powerful chanting to overcome such situations was specially chanted regularly at the temple.
New Year Ceremony
The annual Sri Lankan new year ceremony that is held in the month of April is one of the major events for the Sri Lankan community living in Essex. This was held online for the first time on the 18[th] of April. The organising committee, the children, parents, and the teachers took an innovative step to conduct a pre-recorded performances of the children of the Dhamma school. This was a challenging and strenuous task for our Media and IT team to produce the video presentation. The children, parents and the IT teamwork is highly commendable. This also has contributed significantly to uplift the emotional wellbeing of both the children and the adults during the lockdown period.
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REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
Wesak Day
Wesak full moon day is the main day of the Buddhist calendar where the birth, enlightenment and the passing away of Buddha is commemorated. Religious programmes were held throughout the Wesak day on the 26[th] of May. Observing sil (eight precepts) is the main religious activity usually takes place at the temple but this year both the venerable monks and the devotees experienced a different approach where they observed sil in their respective houses.
Poson Day
Poson day religious activities were also held mainly online on the 27[th] of June.
Vas Aradhana (Invitation for Rain retreat)
Rain retreat and the katina procedures commence on the full moon day of the month of June. This is year fifteen families were the main dayaka (sponsors) of this meritorious activity and the invitation for the venerable monks was held on the 24[th] of July with a participation of a small number of representatives of the devotees.
Special Sermons and Chanting by the venerable monks
Despite the challenges due to the pandemic the venerable monks continued and even went one step further to offer their services guide through the religious needs and uplifting the mental status of the devotees.
As such religious ceremonies were conducted for five funerals, chanting, and blessing for the COVID 19 victims. Supporting the families of COVID 19 victims in various ways to overcome the difficult situation and raising donations from the devotees to support the funerals were of significant service.
Redbridge Faith Forum
The Head of the Vihara, Venerable P. Hemaratana thero continued to participate in the zoom meetings of the Redbridge Faith Forum and the charity actively contributed to the harmony among the different faith communities through the activities of the faith forum.
Regular Religious activities
The daily and weekend puja (religious ceremonies) were conducted without any interruption virtually via facebook and zoom. Special puja and pirith chanting were performed by the venerable monks for the protection of the devotees and the whole world.
Dhamma School
The Dhamma school was also conducted via zoom platform and the dedication of the dhamma school coordinators, and the teachers are highly appreciated for the success of the continuation of the dhamma school classes.
Fundraising
We were unable to have any special fund-raising events but were able to maintain the requirements with the regular donations and the reserves of funds.
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REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
Special note
We would like to appreciate the dedication of the Venerable Monks and all the devotees who were fully understanding and for their patience during the time of restrictions and difficulties. Moreover, for their continuous support despite the hardship during this unprecedented pandemic,
Board of Trustees Redbridge Buddhist Cultural Centre 05 September 2022
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REDBRIDGE BUDDHIST CULTURAL CENTRE Annual report & accounts for the year ended 31 October 2021
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 2021 which are set out on the page 7-10. 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 2021
Sarath Jayaratne BA(Hon) FCCA
Accountants
119 Belgrave Avenue
Gidea Park
Romford
Essex
RM2 6PS
03 September 2021 07988749037
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Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE
Statement of Financial Activities for the year ended 31 October 2021
| Statement of Financial Activities for the year ended 31 October 2021 |
||
|---|---|---|
| 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 5 Utilities, services and insurance expenses 4 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 |
2021 £ 22,068 4,185 26,253 (1,381) (1,010) (5,184) (467) (1,750) (536) (3,105) 0 (13,433) 12,820 (1,314) (295) 11,211 |
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 |
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REDBRIDGE BUDDHIST CULTURAL CENTRE
Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE-CHARITY NO:1075351
Balance Sheet
As at 31 October 2021
| 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 |
2021 £ 532 297,673 298,205 101,549 256 101,805 400,010 (33,077) 366,933 355,723 11,211 366,933 |
2020 £ 288 297,673 |
|---|---|---|
| 297,961 98,065 266 |
||
| 98,331 396,292 (40,569) |
||
| 355,723 | ||
| 348,062 7,661 |
||
| 355,723 |
Notes on pages 8 to 10 are form part of this financial statements. The financial statements have been approved by Board of Trustees and signed on its behalf.
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Annual report & accounts for the year ended 31 October 2021
Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE
Notes to the Accounts
for the year ended 31 October 2021
| Note | 1 | Income from donations | 2021 | 2020 | |
|---|---|---|---|---|---|
| £ | £ | ||||
| Monthly Standing Orders from devotees | 2002 | 19,653 | 19,270 | ||
| Gift Aid | 2005 | 0 | 2,981 | ||
| Vihara Donation Box | 2004 | 0 | 823 | ||
| Donation - Katina ceremony | 2006 | 460 | 5,653 | ||
| Other donations from devotees & visitors | 2000 | 1,955 | 1,450 | ||
| 22,068 | 30,177 | ||||
| Note | 2 | Income from other fund raising | 2021 | 2020 | |
| £ | £ | ||||
| Fund raising - cultural events | 2001 | 570 | 500 | ||
| Fund raising - religious events | 0 | 685 | |||
| Fund raising - Sunday school & other | 0 | 17 | |||
| Donation other - Towards community support | 2010 | 3,565 | 1665 | ||
| Donation other - Lottery & vihara development | 2011 | 50 | 1530 | ||
| 4,185 | 4,397 | ||||
| Note | 3 | ||||
| Fund raising, cultural events and other expenses | 2021 | 2020 | |||
| £ | £ | ||||
| Hall & Marqee Hire | 1200 | - | 549 | ||
| Raffle Prizes and Gifts | 1100 | 20 | 200 | ||
| Subscriptions | 1018 | 180 | 173 | ||
| Sundry - other expenses | 1015 | 1,181 | - | ||
| 1,381 | 922 | ||||
| Note | 4 | Utilities, services and insurance expenses | |||
| 2021 | 2020 | ||||
| £ | £ | ||||
| Cleaning services | 1000 | 216 | 1,055 | ||
| Gas and Electricity | 1002 | 2,350 | 8,227 | ||
| Insurance - property | 1004 | 1,157 | 1,081 | ||
| Licensing Cost, security & alam | 1007 | 726 | 681 | ||
| Water rates/charges | 1014 | 735 | 621 | ||
| 5,184 | 11,666 | ||||
| Note | 5 | Travel and subsistence expenses | 2021 | 2020 | |
| £ | £ | ||||
| Air ticktes, travelling and subsistance | 1013 | 1,010 | 4,550 | ||
| 1,010 | 4,550 |
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Charity No 1075351
REDBRIDGE BUDDHIST CULTURAL CENTRE
Annual report & accounts for the year ended 31 October 2021
| Note 6 | Telephone and other office expenditure | 2021 | 2020 | |
|---|---|---|---|---|
| £ | £ | |||
| Postage | 1008 | 121 | 121 | |
| Stationery and printing | 1011 | 56 | 30 | |
| Telephone and fax | 1012 | 1,573 | 1,000 | |
| 1,750 | 1,150 | |||
| Note 7 | Finance cost | 2021 | 2020 | |
| £ | £ | |||
| Interest paid on mortgage | 1300 | 1,314 | 1,713 | |
| 1,314 | 1,713 | |||
| Note 8 | Gift and donation towards community support | expenditure | 2021 | 2020 |
| £ | £ | |||
| Funeral expenses paid - devotees | 1016 | 3,105 | 1,200 | |
| Other gifts | - | 3,000 | ||
| 3,105 | 4,200 |
Note 9. Property, plant and equipements
| Cost or revaluation At 1 November 2020 Depreciation At 1 November 2020 Charge for the year At 31 October 2021 Net book value At 31 October 2020 At 31 October 2021 |
Land & Building £ 297,673 297,673 0 0 0 297,673 297,673 |
Furnitures & Equipments Library Books IT Equipment Total £ £ £ £ 14,573 1084 539 313,869 14,573 1084 539 313,869 14,285 1,084 0 15,369 145 0 150 295 14,430 1084 150 15,664 288 0 0 297,961 143 0 389 298,205 |
|---|---|---|
Note 10. Trustees and committee members benefits
The trustees and committee members of RBCC render their service on voluntary basis
and there were no payment made to the trustees or committee members during the year
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