2021-12-31-accounts - Kailash Buddhist Centre

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	Page
Report ofthe Trustees	1to3
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet	6 to 7
Notes to the Financial Statements	8to15
Detailed Statement ofFinancial Activities	16 to 17

Statement ofFinancial Activities for the Year Ended 31 December	2021
			31.12.21	31.12.20
			Unrestricted	Total
			fund	funds
		Notes		K
INCOME AND ENDOWMENTS	FROM
Donations and legacies			6,532	2,392
Charitable activities
Promote the Buddhist faith through
teaching, study and practise			12,072	17,709
Other trading activities Investment income			34,498	35,167 4
Total			53,102	55,272
EXPENDITURE ON
Raising funds			2,082	6,333
Charitable activities
Promote the Buddhist faith through
teaching, study and practise			58,116	57,793
Total			60,198	64,126
NET INCOME/(EXPENDITURE)			(7,096)	(8,854)
RECONCILIATION OF FUNDS
Total funds brought forward			210,960	219,814
TOTAL FUNDS CARRIED FORWARD			203,864	210,960

31 De mber 2021
		31.12.21	31.12.20
		Unrestricted	Total
		fund	funds
	Notes		F
FIXEDASSETS
Tangible assets		408,313	417,461
CURRENT ASSETS Stocks Debtors Cash at bank and in hand	10 11	1,500 3,700 10,482	1,500 4,296 10,920
		15,682	16,716
CREDITORS
Amounts falling due within one year	12	(22,853)	(20,852)
NET CURRENT ASSETS		(7,171)	(4,136)
TOTAL ASSETSLESSCURRENT
LIABILITIES		401,142	413,325
CREDITORS
Amounts falling due after more than
one year		(197,278)	(202,365)
NET ASSETS		203,864	210,960
FUNDS	15
Unrestricted funds		203,864	210,960
TOTAL FUNDS		203,864	210,960

Freehold property	-	in accordance	with the property
Plant and machinery	-	10%on cost
Fixtures and fittings	-	20%on reducing balance

Notes to the Finan ial Statements	Notes to the Finan ial Statements	-continued	-continued
for the Year Ended 31 December		2021
2.	OTHER TRADING ACTIVITIES			31.12.21	31.12.20
	Shop income Residents accommodation			193 34,305	439 34,72S
				34,498	35,167
3.	INVESTMENT INCOME			31.12.21	31.12.20 f
	Deposit account interest				4
4.	RAISING FUNDS
	Investment management	costs		31.12.21 f	31.12.20 f
	Property repairs			2,347	4,398
5.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is stated after charging/(crediting):
				31.12.21	31.12.20
				f	f
	Depreciation - owned assets			9,148	9,217
6.	TRUSTEES' REMUNERATION		AND BENEFITS

fort	he Year Ended 31 December 2021
7.	MEMBERS
	The average monthly number of	employees		during the year was as follows:
				31.12.21	31.12.20
	Resident Teacher			1	1
	No employees received emoluments		in excess off60,000.
	At 31stDecember 2021 the charity		had 16	members (15at 31/12/2020).
8.	COMPARATIVES FORTHE STATEMENT			OF FINANCIAL ACTIVITIES
					Unrestricted
					fund
	INCOME AND ENDOWNIENTS	FROM
	Donations and legacies				2,392
	Charitable activities
	Promote the Buddhist faith through
	teaching, study and practise				17,709
	Other trading activities				35,167
	Investment income				4
	Total				55,272
	EXPENDITURE ON
	Raising funds				6,333
	Charitable activities
	Promote the Buddhist faith through
	teaching, study and practise				57,793
	Total				64,126
	NET INCOME/(EXPENDITURE)				(8,854)
	RECONCILIATION QF FUNDS
	Total funds brought forward				219,814
	TOTAL FUNDS CARRIED
	FORWARD				210,960

Notes	tothe Financial Statements	-continued
for the Year Ended 31 December		2025
10.	STOCKS		31.12.21	31.12.20
			P	E
	Stocks		1,500	1,500
11.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR		31.12.21	31.12.20
	Trade debtors Other debtors Prepayments		400 3,300	548 400 3,348
			3,700	4,296
12.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE YEAR	31.12.21	31.12.20
	Bank loans and overdrafts	(see note 14)	5,022	4,959
	Trade creditors		2,804	2,670
	Other creditors		754
	Resident's deposits		2,073	2,073
	Other creditors - Community Members' Loans		9,700	9,700
	Accrued expenses		2,500	1,450
			22,853	20,852
13.	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN	ONE YEAR
			31.12.21	31.12.20
				K
	Bank loans (see note 14)		l	202,365
14.	LOANS
	An analysis ofthe maturity ofloans is given below:
			31.12.21 F	31.12.20 f
	Amounts falling due within one year on demand:
	Bank loans		5,022	4,959
	Amounts falling between one and two years:
	Bank loans - 1-2years		5,235	5,230
	Amounts falling due between two and five years: Bank loans - 2-5years		26,261	26,248

Comparative	net movement in funds,	induded in the above are as f	ollows:
		Incoming	Resources	Movement
		resources	expended	in funds
				E
Unrestricted	funds
General fund		55,272	(64,126)	(8,854)
TOTAL FUNDS		55,272	(64,126)	(8,854)

A current yea	r 12months and prior ye	ar 12months combined positio	n isas follow	s:
			Net
			movement	At
		At 1.1.20	in funds	31.12.21
Unrestricted	funds
General fund		219,814	(15,950)	203,864
TOTAL FUNDS		219,814	(15,950)	203,864

Kailash Buddhist Centre	Kailash Buddhist Centre
Detailed tatement ofFinancial Activities
for the Y ar Ended 31 De	mber 2021	31.12.21	31.12.20
		E
INCOME AND ENDOWMENTS
Donations and legacies Donations		6,532	1,058
Gift aid			1,334
		6,532	2,392
Other trading activities Shop income Residents accommodation		193 34,305	439 34,728
		34,498	35,167
Investment income
Deposit account interest
Charitable activities
Spiritual programme		12,072	17,709
Total incoming resources		53,102	55,272
EXPENDITURE
Other trading activities
Purchases Bad debts		{265)	1,275 660
		{265)	1,935
Investment management	costs
Property repairs		2,347	4,398
Charitable activities
Wages Rates and water Light and heat Advertising		6,290 6,468 13,752 13	6,290 5,613 14,940 42
Education costs Sponsorship Bank loan interest		3,039 1,841 10,879	3,871 966 11,345
		42,282	43,067

Kaila h Buddhist Cen	tre
De led tat ment	fFin ncial	'vitie
forthe Y arEnd	1D cember20		1	31.12.21	31.12.20
					F
Support costs
Management Insurance Sundries 0%cecosts Freehold property Plant and machinery Fixtures and fittings				3,052 61 2,693 7,600 1,270 278	1,990 154 2,390 7,600 1,270 347
				14,954	13,751
Finance Sank charges				170	375
Governance costs
Accountancy fees Legal fees				66 644	600
				710	600
Total resources expended				60,198	64,126
Net expenditure				(7,096)	(8,854)