2020-12-31-accounts - Kailash Buddhist Centre

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	Page
Report ofthe Trustees	1 to 3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	6 to 7
Notes tothe Financial Statements	Sto15
Detailed Statement ofFinancial Activities	16 to 17

temen ofFinancial Activities f r Y rEn 31	r202
			31.12.20	31.12.19
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and iegacies			2,392	5,497
Charitable activities
Promote the Buddhist faith through
teaching, study and practise			17,709	28,422
Other trading activities			35,167	38,249
Investment income			4	74
Total			55,272	72,242
EXPENDITURE ON
Raising funds			6,333	81,631
Charitable activities
Promote the Buddhist faith through
teaching, study and practise			57,793	65,878
Total			64,126	147,509
NET INCONlEl(EXPENDITURE)			(8,854)	(75,267)
RECONCIUATION OF FUNDS
Total funds brought forward			219,814	295,081
TOTAL FUNDS CARRIED FORWARD			210,960	219,814

Balance Sheet
31 mb 2 20
		31.12.20	31.12.19
		Unrestricted	Total
		fund	funds
	Notes
FIXEDASSETS
Tangible assets		417,461	426,678
CURRENT ASSETS
Stocks	10	1,500	2,000
Debtors	11	4,296	3,282
Cash at bank and in hand		10,920	15,607
		16,716	20,889
CREDITORS
Amounts falling due within one year	12	(20,852)	(20,575)
NET CURRENT ASSETS		(4,136)	314
TOTAL ASSETSLESSCURRENT
LIBIITTIE		413,325	426,992
CREDITORS
Amounts falling due after more than
one year	13	(202,365)	(207,178)
NETASSETS		210,960	219,814
FUNDS	15
Unrestricted funds		210,960	219,814
TOTAL FUNDS		210,960	219,814

Note	to th Fin 'al t men		-continued	-continued
r	Y r n 1 m	r200
2.	OTHER TRADING ACTMTIES
								31.12.20	31.12.19
	Fundraising events									765
	Shop income Residents accommodation							439 34,728	2,472 35,012
								35,167	38,249
3.	INVESTMENT INCOME
								31.12.20	31.12.19
								K		E
	Deposit account interest							4		74
4.	RAISING FUNDS
	Investment management	costs
								31.12.20	31.12.19
	Property repairs							4,398	78,511
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is	stated after charging/(crediting):
								31.12.20	31.12.19
	Depreciation - owned assets							9,217		9,304
6.	TRUSTEES' REMUNERATION			AND BENEFITS
	There were no trustees'			remuneration	or	other	benefits	for the	year	ended
	31 December 2020 nor forthe year ended 31				December 2019.

	The average monthly number of	em	ployees during the year	was as follows.'
				31.12.20	31.12.19
	Resident Teacher			1
	No employees received emoluments		in excess off60,000.
	At 31stDecember 2020the charity		had 15members (13at	31/12/2019).
8.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL			ACTIVITIES
					Unrestricted
					fund
	INCOME AND ENDOWMENTS	FROM
	Donations and legacies				5,497
	Charitable activities
	Promote the Buddhist faith through
	teaching, study and practise				28,422
	Other trading activities				38,249
	Investment income				74
	Total				72,242
	EXPENDITURE ON
	Raising funds				81,631
	Charitable actlvltles
	Promote the Buddhist faith through
	teaching, study and practise				65,878
	Total				147,509
	NET INCOME/(EXPENDITURE)				(75,267)
	RECONCILIATION OF FUNDS
	Total funds brought forward				295,081
	TOTAL FUNDS CARRIED
	FORWARD				219,814

frth	Y rE 1D r		020
10.	STOCKS
				31.12.20	31.12.19
					F
	Stocks			1,500	2,000
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.20	31.12.19
	Trade debtors			548	907
	Other debtors			400	1,615
	Prepayments			3,348	760
				4,296	3,282
12.	CREDITORS; AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31.12.20	31.12.19
	Bank loans and overdrafts Trade creditors	(see note 14)		4,959 2,670	4,702 3,189
	Credit card				61
	Resident's deposits			2,073	2,073
	Other creditors - Community		Members' Loans	9,700	9,700
	Accrued expenses			1,450	850
				20,852	20,575
13.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN		ONE YEAR
				31.12.20	31.12.19
				F
	Bank loans (see note 14)			202,365	207,178
1*	LOANS
	An analysis ofthe maturity	of	loans is given below:
				31.12.20	31.12.19
				F
	Amounts falling due within	one year on demand:
	Bankloans			4,959	4,702
	Amounts falling between one Bank loans -1-2 years		and two years:	5,230	4,959
	Amounts falling due between Bank loans -2-5 years		two and five years:	26,248	22,032

14.	LOANS	- cont	inued
						31.12.20	31.12.19
	Amounts	falling due in more than			five years:
	Repayable by instalments: Bank loans more 5yr by instal					170,887	180,187
15.	NOVENENT		IN FUNDS
						Net
						movement	At
					At 1.1.20	in funds	31.12.20
					E
	Unrestricted		funds
	General	fund			219,814	(8,854)	210,960
	TOTAL	FUNDS			219,814	(8,854)	210,960
	Net movement		in funds, induded		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						P	f.
	Unrestricted		funds
	General	fund			55,272	(64,126)	(8,854)
	TOTAL	FUNDS			55,272	(64,126)	(8,854)
	Comparatives		for movement	In	funds
						Net
						movement	At
					At 1.1.19	in funds	31.12.19
					F	F
	Unrestricted		funds
	General	fund			295,081	(75,267)	219,814
	TOTAL	FUNDS			295,081	(75,267)	219,814

Comparative	net movement in funds,	induded in the above are as f	ollows:
		Incoming	Resources	Movement
		resources	expended E	in funds f
Unrestricted	funds
General fund		72,242	(147,509)	(75,267)
TOTAL FUNDS		72,242	(147,509)	(75,267)

A current yea	r 12months and prior ye	ar 12months combined positio	n isas follow	s:
			Net
			movement	At
		At 1.1.19	in funds	31.12.20
		F	R
Unrestricted	funds
General fund		295,081	(84,121)	210,960
TOTAL FUNDS		295,081	(84,121)	210,960

Detailed tement of Fin for Y r n 31D	ncial Activities m r 20
		31.12.20	31.12.19
INCOME AND ENDOWMENTS
Donations and legacies Donations		1,058	4,382
Gift aid		1,334	1,115
		2,392	5,497
Other trading activities Fundraising events Shop income Residents accommodation		439 34,728	765 2,472 35,012
		35,167	38,249
Investment income
Deposit account interest
Charitable activities
Spiritual programme		17,709	28,422
Total incoming resources		55,272	72,242
EXPENDITURE
Other trading activities Purchases		1,275	3,120
Bad debts		660
		1,935	3,120
Investment management	costs
Property repairs		4,398	78,511
Charitable activities
Wages Rates and water		6,290 5,613	4,943
Light and heat		14,940	13,040
Advertising Education costs		42 3,871	12,680
Sponsorship Bank loan interest		966 11,345	6,023 11,378
		43,067

K 'I sh uddhi tCe	ntre
Detailed Statement	of Financial A	'	' 'e
f rth Y rEn	31D cembe	2020
				31.12.20	31.12.19
Support costs
Management Insurance				1,990	4,536
Sundries				154	6
Office costs				2,390	2,963
Travel expenses Freehold property Plant and machinery Fixtures and fittings				7,600 1,270 347	50 7,600 1,270 434
				13,751	16,859
Finance
Bank charges				375	105
Governance costs
Accountancy fees				600	850
Total resources expended				64,126	147,509
Net expenditure				(8,854)	(75,267)