## **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**|