KETUMATI BUDDHIST VIHARA (MANCHESTER) @Kómò @b_Q[ ìh`ry (m#N@cStR)
[ Registered Charity No. 1078173 ] 21 Moor Road Brooklands Grt. Manchester M23 9BQ : 0161 9710233 : info@ketumati.org
27[th] January 2022
Annual Report of the KBVT for the year ending 31[st] March 2021
The period under review was a difficult one for all religious organisations in England and Wales. The first wave of the Covid infection spread through the country commencing in end of March 2020 and subsiding by beginning of June 2020; to be followed by a more rampant second wave commencing in September and devastating the country over the winter of 2020. With lockdowns and restrictions laid down by the government the Ketumati Temple was closed to the public, and not open for “business as usual”
Luckily for the devotees and supporters of the Vihara; the Temple, could adapt with great efficiency; to an unprecedented programme of delivery of Dhamma Sermons, Dhamma discussions and Meditation sessions via Zoom. In April 2020 the Vihara Broad Band subscription was upgraded to the next level, to successfully accommodate and deliver these programmes to devotee homes by Zoom; so that most temple activities could be delivered without jeopardising the health of devotees and resident priests.
Sinhala and Tamil New Year Celebrations 2020.
This major Annual Ceremony, much awaited by adults and children; scheduled for 26[th] April 2020, had to be abandoned because of the pandemic situation.
Monthly Dhamma Sermons and Dhamma School Sessions via Zoom.
Dhamma sermons were conducted via Zoom reaching the Vihara devotees in their homes. Discourses like Dutiyapatpada Sutta by Ven Piyatissa, Upadana Parimitta Sutta by Ven. Wajirawansha and Maha Mangala Sutta and the Doctrine of Dependant Origination by Ven Pemananda were some of these.
Once monthly Dhamma School sessions were conducted on Zoom for Manchester and Stoke Dhamma School Pupils.
Vesak Programme 2020
Five evening Dhamma Sermons were conducted by the resident monks of Ketumati on the 2[nd] , 9[th] , 16[th] , 23[rd] and 30[th] of May 2020 and a Day of Retreat organised on the 5[th] of May, including Buddha Vandana, Buddha Puja and Dhamma Discussion and sessions of Meditation.
Poson Programme 2020 A special morning Programme for Poson was organised on the 14th of June, for both Dhamma Schools. Main emphasis was on recital by heart, of a Jathaka story etc., for Younger Children and making a short-prepared speech for Older Children on topics relating to Poson, Mihinthalaya, Arahantha Mahinda etc. Special Donation for Installatlon of 6 Soar Panels on Vihara roof. This installation was completed in the beginning of August 2020 at a total cost of £5455 donated completely by Dr Tilak Pieris Hon Trustee KBVr. Katina Ceremony and the Vas Perfod of 2020 Vas Aradhana (Invitation to Priests) to commence and conduct the Rainy th Retreat was performed on a low key on Saturday the 4 July attended only by members of the three families sponsoring the event {despite govt. regulation allowing 30 person5). The 3 families were: _ Sudesh and Himali Fernando family, Wajira and Nadeesha Mirihanage family and Anura and Dilan Fernando family. The event was broadcast via Zoom to all devotee homes. This years, Vas period was heavily subscribed for the benefit of Children, especially of secondary school level and above. Sermons and discussions held on th 21st July, 4 August, 18 August and I September for this category and the sermon on 15 September targeting Primary School level. There were 3 other Sermons and Discussions for general public from 7 - 8 pm on l August, 15 th August and 15 September Special Blessings for ushering in of 2021 Three sessions of chanting of Seth Pirith were condutted l January 2021. Customary Overnlght Pirith Ceremony March 2021 This was not held because of the Covid-19 pandemic situation. Constitution of the Trust There was no change to the constitution of the Trust during the period . Financial Summary from I" Aprll 2020 to 31" March 2021 Total Income for the Year Total Expenditure for the Year Net Incoming Resources for the Year st Ended at 31 March 2020 Yorkshire Building Society HSBC £44,097 £18,174 £25,923 £31,521 £ 53,989 £13 Cash in Hand Dr. Sar enara Hon. Secretary KBl&T apa
Commercial in confidence#
Ketumati Buddhist Vihara Trust Registered Charity Number : 1078173
Financial Statements For Year Ended 31 March 2021
Commercial in confidence#
KETUMATI BUDDHIST VIHARA TRUST
Registered Charity Number: 1078173
Statement of Financial Activities for year ended 31 March 2021
| INCOMING RESOURCES Notes Donations Legacies Gift Aid Refunds Interest Received TOTAL INCOMING RESOURCES RESOURCES EXPENDED Vihara Activities: Monks Other Expenses Pirikara Ceremonies Monks Travel Expenses Premises Expenses: Rates 7 Insurance Repairs and Renewals Print, Postage and Stationary Garden Maintenance and Window Cleaning Heating, Electricity ,Telephone , Broadband and Boiler cover Depreciation 8 Sundry Expenses TOTAL RESOURCES EXPENDED FOR THE YEAR NET INCOMING RESOURCES /MOVEMENT IN FUNDS FOR THE YEAR ENDED 31 MARCH 2021 FUNDS BROUGHT FORWARD AS AT 1 APRIL 2020 MOVEMENT IN YEAR ENDED 31 MARCH 2021 9 FUNDS OF THE CHARITY AS AT 31 MARCH 2021 9 |
2021 Restricted Unrestricted Total £ £ £ 0 26,773 26,773 0 10,000 10,000 0 7,283 7,283 0 41 41 0 44,097 44,097 0 1,804 1,804 0 270 270 0 0 0 0 500 500 0 2,574 2,574 0 2,252 2,252 0 1,419 1,419 0 697 697 0 278 278 0 875 875 0 2,103 2,103 0 7,822 7,822 0 154 154 0 15,600 15,600 0 18,174 18,174 0 25,923 25,923 188,320 309,071 497,391 0 25,923 25,923 188,320 334,994 523,314 |
LAST YEAR 31 March 2020 £ 35,607 0 8,386 127 |
|---|---|---|
| 44,120 | ||
| 720 2,690 2,584 730 |
||
| 6,724 1,412 1,281 324 0 525 7,700 7,672 148 |
||
| 19,062 | ||
| 25,786 | ||
| 18,334 | ||
| 479,057 18,334 |
||
| 497,391 |
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Commercial in confidence#
KETUMATI BUDDHIST VIHARA TRUST
Registered Charity Number: 1078173
Balance Sheet as at 31 March 2021
| Notes FIXED ASSETS Tangible TOTAL FIXED ASSETS 8 CURRENT ASSETS Debtors and Prepayments 6 Bank Current Account 9 Bank Savings Account 9 Cash in Hand 9 TOTAL CURRENT ASSETS Creditors:Amounts falling due with in one year NET CURRENT ASSETS Creditors: Amounts falling due after more than one year TOTAL NET ASSETS 9 REPRESENTED BY FUNDS OF THE CHARITY 9 |
2021 Restricted Unrestricted Total £ £ £ 403,052 19,070 422,122 403,052 19,070 422,122 0 15,669 15,669 0 53,989 53,989 0 31,521 31,521 0 13 13 0 101,192 101,192 0 0 0 0 0 101,192 101,192 0 0 0 403,052 120,262 523,314 403,052 120,262 523,314 |
LAST YEAR 31 March 2020 £ 424,489 |
|---|---|---|
| 424,489 | ||
| 20,970 24,239 27,519 174 |
||
| 72,902 0 |
||
| 0 72,902 0 |
||
| 497,391 | ||
| 497,391 |
The notes on pages 3 to 5 form part of these financial statements
Approved by the Trustees on the 27th January 2022 and signed on their behalf by:
……………………………………………….. …………………………………………………………… TRUSTEE TRUSTEE NAME IN CAPITALS NAME IN CAPITALS Dr. SARATH SENARATH-YAPA Mr. DIMUTH JAYAWARNA
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Commercial in confidence #
KETUMATI BUDDHIST VIHARA TRUST Registered Charity Number: 1078173
Notes to the accounts for the year ended 31 March 2021
Accounting Policies
1. Accounting Convention
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK (FRS102) (issued in October 2019) (Charities SORP(FRS102)) and the Charities Act 2011. There are no changes on Accounting Convention from last year. The accounts are prepared on a going concern basis. Trustees consider that there are no material uncertainties in relation to going concern of Ketumati Buddhist Vihara Trust in the foreseeable future. The Trust has a healthy balance sheet for a Charity of this size, no mortgage on its' leasehold land and building and a steady stream of fixed annual donations from its' donors which generaly exceed its' annual charity expenditure. Whilst Covid-19 pandemic impacted on how charitable activities were provided, it had little influence on Charity's net incoming financial resources for the year ended 31 March 2021. Due to the reasons highlighted above, the Trustees are of the view that there are no material uncertainties in relation to going concern of Ketumati Buddhist Vihara Trust in the foreseeable future at the time of approving these financial statements in January 2022.
2. Incoming Resources
All incoming resources are included in full in the Statement of Financial Activities when the following three factors can be met.
Entitlement - arises when a particular resource is receivable or the charity's right becomes legally enforceable Certainty - when there is reasonable certainty that the incoming resource will be received; Measurement -when the monetary value of the incoming resources can be measured with sufficient reliability.
3. Resources Expended
The Trust accounts have been prepared in accordance with accruals concept. Expenditure is recognised once there is a legal or constructive obligation to make a payment to a third party.
4. Funds of the Charity
Unrestricted income funds comprise those funds which the Trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds, where the donor has made known their non binding wishes or where the Trustees, at their discretion, have created a fund for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
5. Tangible Fixed Assets
Capitalisation : Tangible fixed assets are capitalised on initial acquisition and included in the balance sheet at cost. As specified by relevant accounting standard, any directly attributable costs of bringing tangible fixed assets into working condition, for its intended use (e.g. provision of charity's objectives) are capitalised.
Revaluation : The charity has not adopted a revaluation model/policy on tangible fixed assets.
Depreciation : The leasehold building which was first brought in to use in 2015/16 and associated furniture and equipment are depreciated over 75 and 15 years respectively on their anticipated useful economic lives, on a straight line basis. Additions during the year are also depreciated over 75 and 15 years respectively on their anticipated useful economic lives, on a straight line basis. The land has not been depreciated due to its' infinite useful economic life.
6. Debtors and Prepayments
| Debtors Gift Aid Refund 2020/21 (unrestricted) Gift Aid Refund 2019/20 (unrestricted) Gift Aid Refund 2018/19 (unrestricted) Gift Aid Refund 2017/18 (unrestricted) |
2021 £ 7,283 8,386 0 0 15,669 |
2020 £ 0 8,386 5,900 6,684 |
|---|---|---|
| 20,970 |
Gift Aid Refunds outstanding relate to 2020/21 and 2019/20 Tax years, amounting to £7,283 and £8,386 respectively. These were recognised in the financial statements using accrual principles for incoming resources in line with accounting policy 2, as indicated above. During the year ended 31 March 2021, the Charity received 2017/18 and 2018/19 Gift Aid Refunds in full from Her Majesty's Revenue and Customs (HMRC).
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Commercial in confidence#
KETUMATI BUDDHIST VIHARA TRUST Registered Charity Number: 1078173
Notes to the accounts for the year ended 31 March 2021
7. Rates
| s | ||
|---|---|---|
| Council Tax/Business Rates Water Rates |
2021 £ 0 2,252 2,252 |
2020 £ 0 1,412 |
| 1,412 |
The Vihara is now exempt from any Councils tax/business rates from 2017/18
8. Tangible Fixed Assets
| Le Balance Brought Forward as at 1 April 2020 Additions during the year Disposals during the year Depreciation charge for the year Balance Carried Forward as at 31 March 2021 |
asehold Land and Building (Restricted) £ 403,394 5,455 0 -5,797 403,052 |
Furniture & Equipment (Unrestricted) £ 21,095 0 0 -2,025 19,070 |
TOTAL £ 424,489 5,455 0 -7,822 |
|---|---|---|---|
| 422,122 |
Leasehold land and building is situated at No: 21 , Moor Road, Brooklands, Manchester , M23 9BQ where Ketumati Buddhist Vihara Trust activities are conducted. Additions during the year included improvements to the Leasehold Building which are capital expenditure in nature. Further information on Tangible Fixed assets are reported under note 5 to the financial statements
9. Funds of the Charity
| Total Funds Brought Forward as at 1 April 2020 Additions during the year - net incoming resources for the year (page 1) Total Funds Carried Forward as at 31 March 2021 Represented by : Restricted Funds (see page 5 for detail analysis) Unrestricted Funds (see page 5 for detail analysis) |
TOTAL £ 497,391 25,923 |
|---|---|
| 523,314 | |
| 403,052 120,262 |
|
| 523,314 |
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Commercial in confidence#
KETUMATI BUDDHIST VIHARA TRUST
Registered Charity Number: 1078173
Notes to the accounts for the year ended 31 March 2021
9. Funds of the Charity (continued)
| Funds of the Charity are analysed as follows: 2021 Leasehold land and building (note 8) situated at No: 21, Moor Road, Brooklands, Manchester , M23 9BQ Bank Current Account Bank Savings Account Cash in Hand Debtors (see note 6, Gift Aid Refund ) Creditors As at 31 March 2021 2020 Funds of the Charity are analysed as follows: Leasehold land and building (note 8) situated at Moor Road, Brooklands, Manchester , M23 9BQ Bank Current Account Bank Savings Account Cash in Hand Debtors (see note 6, Gift Aid Refund ) Creditors (see note 9) As at 31 March 2020 |
£ Restricted 403,052 0 0 0 0 0 403,052 £ Restricted 403,394 0 0 0 0 0 403,394 |
£ Unrestricted 19,070 53,989 31,521 13 15,669 0 120,262 £ Unrestricted 21,095 24,239 27,519 174 20,970 0 93,997 |
£ TOTAL 422,122 53,989 31,521 13 15,669 0 |
|---|---|---|---|
| 523,314 | |||
| £ TOTAL 424,489 24,239 27,519 174 20,970 0 |
|||
| 497,391 |
Restricted funds are utilised for the purposes intended by that specific fund. Leasehold land and building situated at No: 21 , Moor Road, Brooklands, Manchester , M23 9BQ will be utilised to conduct Ketumati Buddhist Vihara Trust activities.
10. Events after the balance sheet date
There are no adjusting or non adjusting events after the balance sheet date that need to be adjusted or disclosed in the financial statements for the year ended 31 March 2021.
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INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF KETUMATI BUDDHIST VIHARA TRUST (“Trust”): CHARITY REGISTRATION NUMBER 1078173
I report on the accounts of the Trust for the year ended 31 March 2021, which are set out on pages 1 to 5 of the financial statements.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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: T M de Zoysa
Name: Thilina De Zoysa BEng (Hons), FCCA
Relevant professional qualification or membership of professional bodies (if any): Fellow of the Chartered Certified Accountants
Address: 7, High Ash Crescent, Leeds, LS17 8RP Date: 27 January 2022