2020-12-31-accounts

Medicine Buddha Foundation

St. Alban’s Hall, St. Alban’s Road, Dartford, KENT DA1 1TY

UK Registered Charity Number 1092564

Trustees Annual Report 2020

1 Activities Report

1.1 Major Activities in 2020

• The COVID Pandemic disrupted our services and the activities for 2020. However, our members have responded and contributed to NHS COVID Appeal in July.

1.2 Future and Planned Activities

• We will continue to work with St Alban’s church and the local school to advance charitable causes in Dartford and surrounding areas.

• We continue to receive and welcome visiting monks from Vietnam and other countries.

• We also continue to sponsor able monks and nuns to come to help in our centre or to study English or other vocational skills in the U.K. The returnees would then bring much needed skills to help with the activities at their own temples in Viet Nam.

• Our aim for 2021 is to continue with our activities and paying special attention to developing young generation both spiritually through meditation and physical well being and self disciplined through our Kung Fu classes.

2 Financial Report

2.1 Income

• The Foundation continues to receive income mainly from donations. Our income from donations in 2020 was £38,159 compared to £51,354 in 2019. This significant drop in income was directly due to the closure of our centre during COVID pandemic.

2.2 Expenses

• Last year our expenses to cover the running and maintenance of St. Alban’s Hall, servicing bank loan and interests and professional fees. Our total expenditure for 2020 was £30,900 compared to £24,944 in 2019. The increase is directly attributed to donation to NHS COVID Appeal.

Medicine Buddha Foundation

St. Alban’s Hall, St. Alban’s Road, Dartford, KENT DA1 1TY UK Registered Charity Number 1092564

2.3 Auditors

• Dua & Co have been approved to continue to be our accountant.

3 Trustees and Committee members

During the annual AGM, two Trustees tendered their resignations due to family commitments. We have appointed two new Trustees one of whom is also appointed to the post of secretary. The new Trustees have been involved with the foundation activities for a number of years in non-official capacity and we are pleased that they have accepted our invitation.

The following members have either been appointed or re-appointed to serve as Trustees and Committee members of the Foundation for another year from the date of the AGM.

Trustees

• Mrs Le Chi Gruber, Chairwomen

• Mr Quoc Hung Nguyen, Secretary

• Mr Hong Van Trinh

• Mr Tri Ba Nguyen, Treasurer

• Mrs Hoa Tien Huynh, Assistant Treasurer

Other Committee members

• Ven Thich Tinh Thong, Spiritual Adviser and Consultant

• Mrs Lien Thi Nguyen, Catering

Prepared by

Tri Nguyen

Mr Tri Ba Nguyen

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P&)tsslothe Fin￿rA4 StaaMts-c¥Jrdln￿j ForTheYewErnJgJ 31 T(la At 1 ￿31 twtm .4n 813.024 BLKX(VALUE At 31 ,4n 12548 4.lQ3 603,Q24 At31 ￿19 ,4n 2019 144.180 144.180 145,T28 145.806 2019 2,401 2019 Bar&l(Mrts 1071 161ti) 175,612 16,( 1￿,(*)7 191.612 M1.1J) I31.12￿) 624975 632.234 TOTALFLK6 ,975

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PAanortot ForTheYa¥ EndgJ31 t￿L￿>￿Il )19 Voluntwy irK￿e Grfts ,443 51293 512J4 iTh)xne Tota inr3JmirwJJwryJrc8S ,159 51354 Ir￿[3[ ghl ￿dI￿1 Tdepl PO&4e￿ stalwy &I￿rieS 815 Z112 2,437 577 107 151 2,142 Le9￿[ee$ TrdNllry &¥P Bar& interest l(thinierest 9J81 2, 4T2 24,914 N8tin 2&41Q