#
##
||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|
##
|TANGIBLE FIXEDASSETS|||||
|---|---|---|---|---|
||||Fixtures||
||Freehold|Plant and|and||
||property
E|machinery
f|fittings
f|Totals
F|
|COST|||||
|At 1 January 2021 and
31December 2021|430,000|12,702|13,811|456,513|
|DEPRECIATION|||||
|At 1 January 2021
Charge for year|15,200
7,600|11,430
1,270|12,422
278|39,052
9,148|
|At 31 December 2021|22,800|12,700|12,700|48,200|
|NET BOOK VALUE|||||
|At 31 December 2021|407,200||1,111|408,313|
|At 31 December 2020|414,800|1,272|1,389|417,461|
##
##
##
|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|
##
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
|Unrestricted|funds||||
|General fund||108,374|(124,324)|(15,950)|
|TOTAL FUNDS||108,374|(124,324)|(15,950)|
##
##
##
|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)|