BUDDHIST COMMUNITY CENTRE LETCHWORTH Report of the Trustees 30 June 2024
The Independent Examiner's Report to the Trustees of BUDDHIST COMMUNITY CENTRE LETCHWORTH I report on the accounts for the year ended 30th June 2024 set out on pages 05 to 09. Respectlve responslbllltles of the trustees and the examlner The charity'5 trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43121 of the charities Act 1993 (the 1993 Act)) and that an independent examination is required. It is my responsibility to: examine the accounts under Section 43 of the 1993 Act. to follow the procedures laid down in the General Directions given by the Charity Commission {under Section 43{71{bl of the 1993 Act) and to state whether particular matters have come to my attention. Basis of the independent examinerfs report My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. l also include consideration of any unusual items or disclosure 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 consequendy no opinion is given as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examinerfs statement In connection with my examination. no matter has come to my attention: l} whish gives me reasonable cause to believe that. in any material respect the requirement to keep accounting records in accordance with Section 41 of the 1993 Act, and to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 1993 Act. Have not been met or 2) to which, in my opinion attention should be drawn in order to enable a proper understanding of the accounts to be reached. Nadeeka Kodituwakku (ACA SL, CIPFA UK) 35 Langlands Road. Bedfordshire, MK41 OGE
BUDDHIST COMMUNITY CENTRE LETCHWORTH Report of the Trustees For the Year Ended 30th June 2024 The trustees present their report with the financial statements of the charity for the year ended 30th June, 2024. The trustees have adopted the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities issued in March, 2015. Objectives and Artivities The Buddhist Community Centre Letchworth IBCCLI 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 seniices rendered by the resident monks are free of charge. Achievements and Perfomiances During the financial year ended 30 June 2024, BCCL carried out various religious, devotional and cultural activities. The Sunday online Global Dhamma school (Vishwa Daham Pasalal was a great success. During the year there was a remarkable growth in devotees and well wishes who participated in various religious and cultural events. We were able to conduct many activities in our new Temple premises at No. 2 Wilbury Farm, Hitchin Road, Arlesey, Bedfordshire, SG15 6SF. 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 endinE 30th June 2024 Year endinz 30th June 2023 Sour¢* of Income Devotee Members Katina {religious) Poson Ireligiousl Sinhala & Tamil New Year (cultural) Donations Intrest & other income Income from fundr•ising •nd •rtsvities 18.952 4,618 17.684 1.290 1.210 i.iii 2.412 477 24.184 7.913 3,354 1,256 36,743 Glft Aid Total income Total Expenditure Net Incomel(Expenditure) 3,458 27,642 27,636 36,743 35.6 1,143
Reserves The unrestricted funds held at the end of the financial year ended 30th June 2024 was £271,210 compared to the previous year ended 30th June 2023 was £270,066. The reserves are mainly held to cover the ongoing activities of the BCCL Structure, Governance and Management The charity is controlled by its goveming document, a deed of trust and constitutes an unincorporated charity. The trustees have a duty to identify and VIeW the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A new committee was appointed at the general meeting held in May 2023 Name Ven. Dediyawala Wimala Thero Ven. Sooriyawawa Kusala Thero Mr. Prasan de Silva Mr. Upul Jayawardana Mr. Harris Kodagoda Mr. Rusiru Kothalawala Dr. Yasasiri Rajapakse Mr. Dlilp Goonawardana Mr. Nihal Kularathna Mr. Pasindu Ranasinghe Mr. Charith Gunathilaka Mr. Kevin Weerasekara Mr. Chaminda Goonasekara Mr. Pushpakumara Palansooriya Mrs. Manori Pathirage Mrs. Imalka Pathirage Mrs. Mithila Perera Mr. Jayantha Karunadasa Mrs. Chandani Dias Trustees Committee President Vice President Sectary Treasurer Ass- Treasurer Ass- Secretary Member Member Member Member Member Member Member Member Member Member Member Trustee Trustee Since year 2014 sin year 2(XK) Since year 2(K)O Since year 2(X)O Since year 2010 Since Year 21J)5
REFERENCE AND ADMINisfRATIVE DETAILS Registered Charity Number 1088878 Princlpal Address 2 Wilbury Farm Hitchin Road Arlesey Bedfordshire SG15 6SF Exemption from Disdosure There are no exemptions from disc105ure. Funds held as custodian trustee on behalf of others There are no funds held as custodian trustee on behalf of other5 ON BEHALF OFTHE BOARD Ven. Dediyawala Wimala Thero President Date: 2 of March 2025
BUDDHIST COMMUNrrY CErirRE LETCHWOThI Income & Expenditure Year End 30th June 2024 Notes £ 1.614.50 1.739.96 Year End 30th June 2023 RECEIPTS Donation Box Donations Building Fund Karaoke British gas help scheme Close to my Heart New Year Wesak Poson Katina Sale of Bulldlng Subscriptions Fundraising and activities Gift Aid l.(K)5.44 1.406.96 834.74 333. 7.913.01 1,110.78 650.43 4.618.03 1.210.Q) 1,290.IX) 18,951.99 36.322.66 17.683.88 24,040.06 3.458.48 27.498.54 143.64 27.642.18 36.322.66 421.36 36.744.02 Interest on Bank Deposits & Charges TOTAL RECEIPTS PAYMENTS Electricity Gas Water Telephone Web Licence & Broad Band Insurance Poson Vesak New year celebration TV License Repairs & Renewals Spon50r License Fees Printing Postage & Stationery Council Tax Travel & Sponsor Visiting Monks Medical & Other Ex. Monks Donations Depreciation Buildings & Fittings Furniture & Equipments Katina Expenses Dhamma School Bank Loan & Interest Cleanin8 AGM TOTAL PAYMENTS 4.753.76 5,193.39 579.92 317.88 349.70 875.39 130. 355.90 350.64 479.99 836.37 4,861.28 159.(K) 993.15 1.400. 159.00 458.00 0.00 973.73 239. 948.67 260.00 4.843.82 5.383.82" 605.(M) 242.50 15.608.42 11.370.53 167.00 305.79 27.635.59 35.6.06 Net Income/lExpenditure) 1.143.96 6.59 Total Funds Brought Fonvard 175.471.50 175,464.91 Total Funds Carried Forward 176,615.46 175,471.50
BUDDHIST COMMUNITYCENTrE LEfcHWORTH Balance Sheet 30th June 2024 Unrestrirted Funds Notes FIXED ASSErs Tangible Assets 420,916 CURRENT ASSETS Cash at Bank and in Hand 39,722 39,722 CREDITORS Amount falling due within one year -5.677 CURRENT ASSErs 34.046 TOTAL ASSETS LESS CURRENT LIABILITIES 454,962 CREDITORS Amount falling due more than one Year -183,752 NEf ASSETS 271210 FUNDS Unrestritted Funds 271,210 TOTAL FUNDS 271,210 Upul Jayawardana- Treasure Date: 2 of March 2025
BUDDHIST COMMUNITY CENTRE LEfcHWORTH Notes to the Financial Statement For the Year Ended 30th June 2024 ACCOUNTING POUCIES 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 c05t cannot be directly attributed to particular headings they have been allocated to actlvities on a basis consistent with the use of resources. Tangible Fixed Assets (TFA) and Depreciation Depreciation has been calculated on straight line basis as follows: Fixtures & Fitting IO% p.a. Land & Building 1% p.a. During the year of acquisition. the annual depreciation is pro-rated over the number of months it is in seniice for the first year. Taxation The charity is exempt from tax on its charitable activities. Fund accountFng 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.
ACTivmES FOR GENERATING FUNDS 30.06.24 30.06.23 Fundraising events and Voluntary income Gift Aid 36,323 24,040 3,458 27,499 36,323 INVESTMENT INCOME Deposit account interest 421 144 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or benefrts for the year ended 30th June 2024 nor for the year ended 30th June 2023. Trustees, Expenses There were no tru5tees' expenses paid for the year ended 30th June 2024 nor for the year ended 30th June 2023. TANGIBLE FIXED ASSEfs (TFA) Freehold Property Fixtures & Fittings Total COST At 1st July 2023 Disposal Purchase At 30th June 2024 DEPRECIATION At 1st July 2023 Disposal Charges for year At 30th June 2024 430,387 18,354 448,741 430,387 18,354 448,741 14,346 8,095 22,441 4.304 18.650 1,080 9,175 5,384 27,825 NEf BOOKVALUE At 30th June 2024 -14,346 422,292 407,946 At 30th June 2023 -14,346 422,292 407,946 th There were no additions or disposals of Fixtures and Fittings during year ended 30 June 2024. Additions of Fixtures and Fittings represent the installation of Solar Panels completed in December 2022 and the first year of depreciation has been calculated for six months in year ended 30th June 2023. The Charity's Depreciation Policy is stated in Note l Accounting Policies.
CREDITORS: AMouKf FAWNG DUE WITHIN ONE YEAR 30.06.24 30.06.23 Bank Loan 5,667 5,667 5,241 5,241 CREDITORS: AMOUNT FAWNG DUE AFfER MORETHAN ONE YEAR 30.06.24 30.06.23 Bank Loan Building Fund 165,840 17,911 183,752 171,082 17,911 188,993 Net Movement of Fund5 At 30.06.24 MOVEMENT IN FUNDS At 30.06.23 Unrestricted Funds General Funds Disposal of Buildings- 19/20 Total 175,472 94,595 270.067 1,144 176,615 94,595 271.210 1.144 Net Movement in Funds Induded in the above are as Follows Incoming Resources Resources Movement Expended in funds Unrestricted Funds General Funds 36,744 36.744 -35,6(YO -35,600 1,144 1.144 Total Funds