# 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 Charv,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**|
* Annual Katina Ceremony and Sinhala & Tamil New Year were celebrated virtually due to the COVID 19 pandemic.
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## **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
3
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
NCURRENT A$Ss
51.127
47.532
TOTAL ASSETS LESS CURRENT
LIABILITIES
475,775
476,484
CREDoRs
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|
* Prior Year bank loan balance have been re-stated to show the amount due within the next 12 months.
## **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|
* Prior year bank loan balance have been re-stated to show the amount due within the next 12 months under the Short Term Liabilities.
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