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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|
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|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|
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|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.||||||
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##
||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|
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Freehold|Plant and|and||
||property|machinery|fittings|Totals|
|COST|||||
|At 1 January 2020 and
31December 2020|430,000|12,702|13,811|456,513|
|DEPRECIATION|||||
|At 1 January 2020
Charge for year|7,600
7,600|10,160
1,270|12,075
347|29,835
9,217|
|At 31 December 2020|15,200|11,430|12,422|39,052|
|NET BOOKVALUE|||||
|At 31 December 2020|414,800|1,272|1,389|417,461|
|At 31 December 2019|422,400|2,542|1,736|426,678|
##
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|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|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|||||F|
|Unrestricted|funds||||
|General fund||127,514|(211,635)|(84,121)|
|TOTAL FUNDS||127,514|(211,635)|(64,121)|
##
##
##
|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)|