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← The Buddhist Community Centre Letchworth

2021-06-30-accounts

The Independent Examiner's Report to the Trustees of BUDDHIST COMMUNITY CENTRE LETCHWORTH

30[th] June 2021

The Independent Examiner's Report to the Trustees of BUDDHIST COMMUNITY CENTRE LETCHWORTH I report on the accounts for the year ended 30th June 20215et out on pages 01 to 09. Re5pertive responsibilities of the tru5tee5 Ind the &Yaminer The charity's trustees are responsible for the preparation of the accounts. The Char￿v,S trustees tonsider that an audit is not required for this year lunder Section 4312} of the charities Act 1993 Ithe 1993 Actll and that an independent examination 15 required. It is my responsibility to examine the accounts under Section 43 of the 1993 Act. to follow ihe procedures laid down In the General Directions given by the Charity Commission lunder Section 4317llbl of the 1993 Act) and to state whether particular matters have come to my attention. Basis of the independent examiner's report My examination was carried out in accordan￿ with the General Directions given by the Charity Cornmission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlth those records. l also Include consideration of any unusual items or dlsclosure In the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a'true and fair view, and the report Is limf(ed to those matters Set OLtt in the statement below. Independent examiner's ststement In connertion with my examination, no matter has come to my attention= 11 whish gives me reasonable cause to belleve that, in any material respect the requirements to keep accounting records in accordance with Section 41 of the 1993 Act, and to prepare account5 which accord with the accounting records and to comply with the accounting requirements of the 1993 Act. Have not beèn m&t or 21 to which, in my opinSon attentSon should be drawn in order to enable a proper ur¢der5tanding of the accounts to be reached. // gD2/ u IACA SL, CIPFA UK) Nadeeka Kodituwak 35 Langlands Road, Bedfordshire, MK41 OGE

BUDDHIST COMMUNITY CENTRE LETCHWORTH

Report of the Trustees

For the Year Ended 30th June 2021

The trustees present their report with the financial statements of the charity for the year ended 30th June, 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities issued in March, 2015.

Objectives and Activities

The Buddhist Community Centre Letchworth (BCCL) is a Buddhist temple practicing the Therawada Buddhist chapter and serve the community including the local schools with religious, devotional and cultural activities. All the services rendered by the resident monks are free of charge.

During the financial year ended 30th June 2021, all annual scheduled activities had to be cancelled due to the COVID 19 restrictions imposed by the UK government. However, BCCL Committee together with the devotees, some religious activities and cultural events were organised virtually. Every Sunday the Dhamma school was also conducted online which was a huge success.

Financial Review

The main source of income are by monthly subscriptions from the devotee members, fund raising through religious and cultural events and donations from the well wishes. They may be analysed as follows.

Year ending Year ending
30th June, 30th June,
Source of Income 2021 2020
£ £
Devotee Members 16,956 16044
Katina (religious) * 0 1360
Poson (religious) 700 270
Sinhala & Tamil New Year (cultural)* 0 86
Donations (well-wishers) 10,983 2457
Gift Aid 4,768 3376
Other 34 157
Total Income 33,441 23750
Total Expenditure 27,472 14056
Net Income/(Expenditure) 5,969 9694

2

Reserves

The unrestricted funds held at the end of the financial year ended 30th June 2021was £177,882 compared to the previous year ended 30th June 2020 was £171,913. The reserves are mainly held to cover the on going activities of the BCCL.

Structure, Governance and Management

The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

Name Trustees Committee members Mr. Upul Jayawardane Since Yr. 2013 President Mr. Prasaj de Silva Vice President Mrs. Chandani Dias Since Yr. 2005 Secretary Mr. Jayantha Karunadasa Since Yr. 2010 Treasurer ( Yr. 2010 to April 2021) Mr. Amila Welengoda Treasurer (From May 2021 ) Mr. Dilip Gunawardane Since Yr. 2000 Asst. Treasurer Mr. Prasan de Silva Asst. Secretary Mr. Haris Kadagoda Since Yr. 2000 Member Dr. Yasasiri Rajapakse Since Yr. 2000 Member Mr. Rusiru Kothalawala Member Mrs. Nilmani Lekamwathage Member Mr. Colvin Jayasinghe Member Mr. Kevin Lal Weerasekera Member Mrs. Manori Perera Member Mr. Charith Gunathilaka Member Mr. Mahesh de Silva Member Mr. Pasindu Rnansinghe Member Mr. Nadum Rathnayaka Member Mr. Tharindu Perera Member

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REFERENCE AND ADMINISTPATIVE DETAILS Registered Charity Number 1088878 Principal Address 2 Wilbury Farm Hwtchin Road Arlesey Bedfordshire SG15 6SF Exemplion from Disclosure There are no exemption from disclosure. Fund5 held as Custodian trustee on behalf of others There are no fund5 held as custodian trustee on behalf of others ON BEHALF OF THE BOARD Upul Jayawardana-Trustee/President BCCL Date

BUDDHIST COMMUNITY CENTRE LETCHWORTH

Income & Expenditure - 30th June 2021

RECEIPTS
Notes
Donation Box
Donations
Virgin Money Giving
New Year
Wesak
Poson
Katina
Subscriptions
Fundraising and activities
Gift Aid
2
Interest on Bank Deposits & Charges
3
TOTAL RECEIPTS
PAYMENTS
Electricity
Gas
Water
Telephone
Web Licence & Broad Band
Insurance
TV License
Repairs & Renewals
Sponsor License Fees
Printing Postage & Stationery
Council Tax
Travel & Sponsor Visiting Monks
Medical & Other Ex. Monks
Donations
Depreciation Buildings & Fittings
Furniture & Equipments
Dhamma School
Bank Loan & Interest
Cleaning
AGM
TOTAL PAYMENTS
Net Income/(Expenditure)
Total Funds Brought Forward
Total Funds Carried Forward		 Month 30th
June 2021
£
243.70
2,050.00
0.00
0.00
0.00
700.00
0.00
1,204.99		 Year to Date
30th June 2021
£
592.20
10,391.23
25.00
0.00
0.00
700.00
0.00
16,955.82
28,664.25
4,767.60		 Year End 30th June
2020
£
467.94
1,989.00
0.00
85.90
0.00
270.00
1,360.00
16,043.88
4,198.69
0.00		 20,216.72
3,376.25
4,198.69
9.07		 33,431.85
9.07		 23,592.97
156.76
4,207.76 33,440.92 23,749.73
156.00
0.00
0.00
26.49
8.44
0.00
0.00
1,194.95
0.00
0.00
90.72
0.00
0.00
0.00
4,303.87
0.00
0.00
722.27
75.00
0.00		 1,560.00
0.00
0.00
334.42
374.09
777.63
0.00
5,870.56
0.00
418.00
976.82
0.00
0.00
3,398.57
4,303.87
253.70
210.00
8,799.51
195.00
0.00		 342.92
774.02
217.93
385.59
772.90
830.22
0.02
1,727.37
0.00
0.00
409.61
3,200.00
278.00
0.00
1,435.00
0.00
280.00
3,371.64
0.00
30.50
6,577.74 27,472.17 14,055.72
(2369.98) 5,968.75 9,694.01
171,912.95
177,881.70		 142,571.50
171,912.95

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BUDDHIST COMMUNITY CENTRE LETCHWORTH Balance Sheet At 30th June 2021 30th June 2021 Unrestricted Funds 30th June 2020 Unrestricted Funds Notes FIXED ASSErs Tangible Assets 424,648 428,952 CURRENT ASSETS Prepayments & Accrued Income Cash at Bank and in Hand 57,804 54,501 57,804 54,501 CREDITORS Amount falling due within one year -6.677 -6,969 N￿CURRENT A$S￿s 51.127 47.532 TOTAL ASSETS LESS CURRENT LIABILITIES 475,775 476,484 CRED￿oRs Amount falling due rn0￿ than one Year -203,298 -209,976 NET ASSETS 272,477 266,508 FUNDS Unrestricted Funds Disposal of Building Retained Profrt 1105sI 177,882 171,913 94,595 94,595 TOTAL FUNDS 272,477 266,508 Amila Welen8oda- Treasurer Date: 25th September 2021

BUDDHIST COMMUNITY CENTRE LETCHWORTH

Notes to the Financial Statement

For the Year Ended 30th June 2021

1. ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 1993 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where cost cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible Fixed Assets (TFA) and Depreciation

There were no addition or disposals of TFA during 2020/21 financial year. Depreciation has been calculated as follows;

Fixtures & Fitting 10% p.a. Land & Building 1% p.a.

Fixtures and Fitting are fully depreciated. New Land & Building was purchased in 2019/20 and 2019/20 depreciation has been pro-rated for 4 months.

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purpose within the objectives of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

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2. ACTIVITIES FOR GENERATING FUNDS

Fundraising events and Voluntary income
Gift
Aid
3.
INVESTMENT INCOME
Deposit account interest		 30.06.21
£
28,664
4,768
33,432
9		 30.06.20
£
20,217
3,376
23,593
157

4. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or benefits for the year ended 30th June 2021 nor for the year ended 30th June 2020.

Trustees' Expenses

There were no trustees' expenses paid for the year ended 30th June 2021 nor for the year ended 30th June 2020.

5. TANGIBLE FIXED ASSETS

COST
At 1st July 2020
Disposal
Purchase
At 30th June 2021
DEPRECIATION
At 1st July 2020
Disposal
Charges for year
At 30th June 2021		 Freehold
Property
Fixtures &
Fittings
Total
£
£
£
430,387
7,555
437,942
0
0
430,387
7,555
437,942
1,435
7,555
8,990
0
4,304
0
4,304
5,739
7,555
13,294

NET BOOK VALUE

At 30th June 2021
At 30th June 2020		 424,648
0
424,648
428,952
0
428,952

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6. PREPAYMENTS & ACCRUED INCOME

30.06.21 30.06.20
£ £
New Year Celebrations 0 0
0 0

2021 Sri Lankan New Year was celebrated virtually due to the COVID 19 pandemic.

7. CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR

Bank Loan *
Repair & Renewals
Monks Travel, Sponsor Visiting Monks & Other Ex.		 30.06.21
30.06.20
£
£
6,677
6,384
0
407
0
178
6,677
6,969

8. CREDITORS: AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR

Bank Loan*
Building Fund		 30.06.21
30.06.20
£
£
185,387
192,064
17,911
17,911
203,298
209,976

9