Samudra Buddhist Centre Statement of Financial Activities For the year ended 28 February 2021
| Notes Incoming resources Voluntary income: Gifts & donations 2 Tax reclaimed Investment income: Bank interest Other incoming resources Total incoming resources Resources expended Centres Running Costs Charitable expenditure Governance costs Depreciation Total resources expended 3 Net incoming/(outgoing) resources For year Total funds brought forward Total funds carried forward |
Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2021 2021 2020 £ £ £ £ 12,015 12,015 31,505 1,037 1,037 1,166 23,323 23,323 |
|---|---|
| 36,375 36,375 32,671 |
|
| 19,994 19,994 31,432 3,700 3,700 2,881 514 514 415 551 551 528 |
|
| 24,759 24,759 35,256 |
|
| 11,616 11,616 (2,585) 105,826 105,826 108,411 |
|
| 117,442 117,442 105,826 |
SAMUDRA BUDDHIST CENTRE Balance Sheet as at 29 February 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Debtors Cash at bank and in hand CREDITORS Amounts falling due within one year Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year NET ASSETS INCOME FUNDS Restricted Funds Unrestricted Funds |
£ £ £ £ 225,136 224,831 554 621 24,694 16,137 25,248 16,758 1,548 8,751 23,700 8,007 248,836 232,838 131,394 127,012 117,442 105,826 0 0 117,442 105,826 117,442 105,826 28.02.21 28.02.20 |
£ £ £ £ 225,136 224,831 554 621 24,694 16,137 25,248 16,758 1,548 8,751 23,700 8,007 248,836 232,838 131,394 127,012 117,442 105,826 0 0 117,442 105,826 117,442 105,826 28.02.21 28.02.20 |
|---|---|---|
| 232,838 127,012 |
||
| 105,826 | ||
| 0 105,826 |
||
| 105,826 |
These financial statements were approved by the trustees on and signed on their behalf by:
Treasurer
Notes to the Financial Statements for the year ended 28 February 2021
1. ACCOUNTING POLICIES
- (a) Basis of accounting
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard 102 for Smaller Entities (effective 1 January 2015), and the Statement of Recommended Practice "Accounting and Reporting by Charities" effective 1 January 2015.
(b) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c) Incoming resources
All incoming resources are included in the statement of financial activities (SoFA) when the charity is entitled to the income and the amount can be quantified with reasonable accuracy.
Voluntary income is received by way of donations and gifts and is included in full in the SoFA when receivable.
Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to which they relate.
Investment income is included when receivable.
(d) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of setting up the charity's cafe.
Charitable expenditure comprises those costs incurred by the charity in the delivery of it's activities and services for it's beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs included the costs of preparation and examination of statutory accounts and costs linked to the management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resources. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis.
Notes to the Financial Statements for the year ended 28 February 2021
2 GIFTS & DONATIONS RECEIVED
| Donations not gift aided Donations gift aided 3 TOTAL RESOURCES EXP Room facility hire Premises expenses Utilities Rates & property insurance Resident teacher stipend Teacher expenses Post & stationery Publicity Food - café Travelling Repairs & renewals Donations Computer Costs Sundry expenses Training Bookshop supplies Offerings Accountancy Professional fees Bank charges Depreciation Mortgage interest Bank loan interest Depreciation |
Unrestricted Restricted Total 2021 2021 2021 £ £ £ 7,866 7,866 4,149 4,149 12,015 12,015 ENDED Centre Running Costs Charitable Expenditure Governance Costs Depreciation Total £ £ £ £ £ 549 549 462 462 3,504 3,504 1,992 1,992 2,400 2,400 1,080 1,080 156 156 516 516 0 15 15 1,157 1,157 1,500 1,500 893 893 159 159 424 424 188 188 2,200 2,200 300 300 1,719 1,719 214 214 551 551 3,811 3,811 969 969 0 |
|---|---|
| 19,994 3,700 514 551 24,759 |
Notes to the Financial Statements for the year ended 28 February 2021
4. NET INCOMING RESOURCES FOR THE YEAR
| This is stated after charging: Accountants report |
2021 2020 £ £ 300 300 |
|---|---|
5. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | |
|---|---|
| Cost At 1 March 2020 Additions At 28 February 2021 Accumulated Depreciation At 1 March 2020 Charge for the year At 28 February 2021 Net Book Value At 28 February 2021 At 28 February 2020 |
Freehold Property Fixtures & Total Propery Improvements Fittings £ £ £ £ 234,279 221,354 8,152 4,773 856 |
| 234,279 221,354 8,152 5,629 |
|
| 9,448 5,309 4,139 551 284 267 |
|
| 9,999 5,593 4,406 |
|
| 225,136 221,354 2,559 1,223 |
|
| 225,359 221,354 3,159 846 |
6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Trade debtors Prepayments 7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loan & mortgage Trade creditors Credit card Other loans Accruals 8. CREDITORS: AMOUNTS FALLING DUE AFTER ONE YEAR Mortgage Bank loan Other loans |
2021 2020 £ £ 494 252 60 369 |
|---|---|
| 554 621 |
|
| 2021 2020 £ £ 6,585 22 850 53 600 600 873 716 |
|
| 1,548 8,751 |
|
| 2021 2020 £ £ 108,782 103,940 20,712 20,072 1,900 3,000 |
|
| 131,394 127,012 |