## **Medicine Buddha Foundation**
## St. Alban’s Hall, St. Alban’s Road, Dartford, KENT DA1 1TY
UK Registered Charity Number 1092564
## **Trustees Annual Report 2022**
## **1 Activities Report**
## _**1.1 Major Activities in 2022**_
- We continue to create strong link with local community through work with local schools and St Alban’s Church. Our services and festivals have been well attended by people living in local area.
- Ven Thich Quang That, has continued to make significant contribution to our activities and to the running of our temple since assuming the position of Head of the Temple. He continued to develop strong relationship with our community and carrying out his duties with the dedication and care.
- The Foundation has continued to serve the community well with frequent visits to elderly homes in the area and providing much appreciated services when there are serious family grievances.
- We continued to organised major events in Buddhist calendar and for children, the Moon Festival in September and weekly talks on Buddhism and Kung Fu classes.
- Our Traditional Chinese Medicine’s clinic manned by volunteer are very popular providing access to medical treatments at a very low cost for the elderly and those on low income.
## _**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 2023 is to continue with our activities and paying special attention to developing young generation both spiritually through meditation and physical wellbeing and self-disciplined through our Kung Fu classes.
St. Alban’s Hall, St. Alban’s Road, Dartford, KENT DA1 1TY UK Registered Charity Number 1092564
## **Medicine Buddha Foundation**
## **2 Financial Report**
## _**2.1 Income**_
- The Foundation continues to receive income mainly from donations. Our income from donations in 2022 was £71,899 compared to £70,535 in 2021. A small increase compared to last year.
## _**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 2022 was £61,912 compared to £32,865 in 2021. The increase in expenditure to cover donation and write-off bad debt.
## _**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 nonofficial 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**
- Mr That Ngo Quang, Chairman
- Mr Quoc Hung Nguyen, Secretary
- Mr Hong Van Trinh
- Mr Tri Ba Nguyen, Treasurer
- Mr Thanh Binh Kieu
## **Other Committee members**
- Ven Thich Tinh Thong, Spiritual Adviser and Consultant
Prepared by
## Tri Nguyen
Mr Tri Ba Nguyen
```
REGISTERED CHARITY NUMBER: 1092564
```
```
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st December 2022
for
Medicine Buddha Foundation
```
```
Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX
```
```
Medicine Buddha Foundation
```
## **`Contents of the Financial Statements For The Year Ended 31st December 2022`**
||`Page`|
|---|---|
|`Report of the Trustees`|`1`|
|`Statement of Financial Activities`|`2`|
|`Balance Sheet`|`3`|
|`Notes to the Financial Statements`|`4 to 6`|
|`Detailed Statement of Financial Activities`|`7`|
```
Medicine Buddha Foundation
```
## **`Report of the Trustees For The Year Ended 31st December 2022`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31stDecember2022.Thetrusteeshaveadopted the
provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1092564
```
|**`Principal address`**|||
|---|---|---|
|`St Alban's Hall`|||
|`St Alban's Road`|||
|`Dartford`|||
|`Kent`|||
|`DA1 17Y`|||
|**`Trustees`**|||
|`T B Nguyen`|||
|`Mrs H T Huynh`||`- resigned 7.2.22`|
|`Mrs L C Gruber`||`- resigned 7.2.22`|
|`Q H Nguyen`|||
|`H V Trinh`|||
|`Q T Ngo`|`Trustee`|`- appointed 7.2.22`|
|`T B Kieu`|`Trustee`|`- appointed 7.2.22`|
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsareinplaceto provide
reasonable assurance against fraud and error.
```
13 September 2023 `Approved by order of the board of trustees on ............................................. and signed on its behalf by:` 16:15
`.............................................` Tri Ba Nguyen
```
T B Nguyen - Trustee
```
```
Page 1
```
```
Medicine Buddha Foundation
```
## **`Statement of Financial Activities For The Year Ended 31st December 2022`**
|`2022`
`Unrestricted fund`
`Notes`
`£`
**`INCOMING RESOURCES`**
**`Incoming resources from generated funds`**
`Voluntary income`
`71,899`
**`RESOURCES EXPENDED`**
**`Charitable activities`**
`Telephone`
`1,127`
`Travel`
`2,719`
`Insurance`
`2,272`
`Sundry`
`159`
`Donations`
`21,850`
`Rent & Rates`
`1,026`
`Light & Heat`
`4,063`
`Bank loan Interest`
`-`
`Repairs & maintainence`
`5,559`
`Bank Charges`
`418`
`Accountancy`
`1,200`
`Legal fees`
`9,412`
`Training expenses`
`750`
`Bad debts`
`11,357`
**`Total resources expended`**
`61,912`
**`NET INCOMING RESOURCES`**
`9,987`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`669,904`
**`TOTAL FUNDS CARRIED FORWARD`**
`679,891`|`2021`
`Total`
`funds`
`£`
`70,535`
`606`
`-`
`2,096`
`159`
`4,160`
`650`
`3,869`
`5,700`
`881`
`454`
`1,200`
`10,062`
`3,028`
`-`|
|---|---|
||`32,865`|
||`37,670`
`632,234`|
||`669,904`|
```
The notes form part of these financial statements
```
```
Page 2
```
## **`Medicine Buddha Foundation`**
## **`Balance Sheet At 31st December 2022`**
|`2022`
`Unrestricted fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Intangible assets`
`3`
`3,876`
`Tangible assets`
`4`
`603,024`
`606,900`
**`CURRENT ASSETS`**
`Debtors`
`5`
`64,710`
`Cash at bank and in hand`
`26,682`
`91,392`
**`CREDITORS`**
`Amounts falling due within one year`
`6`
`(2,401)`
**`NET CURRENT ASSETS`**
`88,991`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`695,891`
**`CREDITORS`**
`Amounts falling due after more than one year`
`7`
`(16,000)`
**`NET ASSETS`**
`679,891`
**`FUNDS`**
`8`
`Unrestricted funds`
`679,891`
**`TOTAL FUNDS`**
`679,891`
13 September 2023
16:15|`2021`
`Total`
`funds`
`£`
`3,876`
`603,024`|
|---|---|
||`606,900`
`145,824`
`5,581`|
||`151,405`
`(72,401)`|
||`79,004`|
||`685,904`
`(16,000)`|
||`669,904`|
||`669,904`|
||`669,904`|
|||
```
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
```
`.............................................` Tri Ba Nguyen `T B Nguyen -Trustee`
```
The notes form part of these financial statements
```
```
Page 3
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements For The Year Ended 31st December 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Accounting convention`**
```
The financialstatementshave been prepared under the historicalcost convention,and in accordancewith the FinancialReportingStandard for
SmallerEntities(effectiveApril2008),theCharitiesAct2011andtherequirementsoftheStatementofRecommendedPractice, Accounting
and Reporting by Charities.
```
## **`Incoming resources`**
```
Allincomingresourcesare includedon theStatementof FinancialActivitieswhenthecharityislegallyentitledto theincomeandthe amount
can be quantified with reasonable accuracy.
```
## **`Resources expended`**
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
## **`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.
```
```
Restrictedfundscanonlybe usedfor particularrestrictedpurposeswithintheobjectsof thecharity.Restrictionsarisewhenspecifiedby 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.
```
## **`2. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
```
## **`3. INTANGIBLE FIXED ASSETS`**
||`Computer software`|
|---|---|
||`£`|
|**`COST`**||
|`At 1st January 2022 and 31st December 2022`|`3,876`|
|**`NET BOOK VALUE`**||
|`At 31st December 2022`|`3,876`|
|`At 31st December 2021`|`3,876`|
```
Page 4
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements - continued For The Year Ended 31st December 2022`**
|**`4.`**
**`TANGIBLE FIXED ASSETS`**
`Plant and`
`Fixtures and`
`Freehold property`
`machinery`
`fittings`
`£`
`£`
`£`
**`COST`**
`At 1st January 2022 and 31st December 2022`
`586,473`
`12,548`
`4,003`
**`NET BOOK VALUE`**
`At 31st December 2022`
`586,473`
`12,548`
`4,003`
`At 31st December 2021`
`586,473`
`12,548`
`4,003`
**`5.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2022`
`£`
`Trade debtors`
`62,824`
`Other debtors`
`1,886`
`64,710`
**`6.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2022`
`£`
`Trade creditors`
`1`
`Other creditors`
`2,400`
`2,401`
**`7.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`2022`
`£`
`Other creditors`
`16,000`
**`8.`**
**`MOVEMENT IN FUNDS`**
`Net movement in`
`At 1.1.22`
`funds`
`At`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`669,904`
`9,987`
**`TOTAL FUNDS`**
`669,904`
`9,987`|`Totals`
`£`
`603,024`|`Totals`
`£`
`603,024`|
|---|---|---|
||`603,024`||
||`603,024`||
|||`2021`
`£`
`144,180`
`1,644`|
|||`145,824`|
||`2021`
`£`
`1`
`72,400`
`72,401`
`2021`
`£`
`16,000`
`31.12.22`
`£`
`679,891`|`2021`
`£`
`1`
`72,400`|
|||`72,401`|
|||`2021`
`£`
`16,000`|
||`679,891`||
```
Page 5
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements - continued For The Year Ended 31st December 2022`**
## **`8. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted Funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`A current year 12 months and prior year 12 months combined position is as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`71,899`
`(61,912)`
`9,987`
`71,899`
`(61,912)`
`9,987`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.21`
`£`
`£`
`£`
`632,234`
`37,670`
`669,904`
`632,234`
`37,670`
`669,904`
`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`70,535`
`(32,865)`
`37,670`
`70,535`
`(32,865)`
`37,670`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.22`
`£`
`£`
`£`
`632,234`
`47,657`
`679,891`
`632,234`
`47,657`
`679,891`|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`71,899`
`(61,912)`
`9,987`
`71,899`
`(61,912)`
`9,987`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.21`
`£`
`£`
`£`
`632,234`
`37,670`
`669,904`
`632,234`
`37,670`
`669,904`
`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`70,535`
`(32,865)`
`37,670`
`70,535`
`(32,865)`
`37,670`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.22`
`£`
`£`
`£`
`632,234`
`47,657`
`679,891`
`632,234`
`47,657`
`679,891`|`in funds`
`£`
`9,987`|
|---|---|---|---|
||||`9,987`|
||||`669,904`|
|||||
|||||
|||||
||||`669,904`|
|||||
|||||
||||`in funds`|
||||`£`|
|||||
||||`37,670`|
|||||
|||||
|||||
||||`37,670`|
|||||
|||`31.12.22`
`£`
`679,891`||
|||`679,891`||
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`142,434`
`(94,777)`
`47,657`
`142,434`
`(94,777)`
`47,657`|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`142,434`
`(94,777)`
`47,657`
`142,434`
`(94,777)`
`47,657`|
|---|---|---|
|||`47,657`|
```
Page 6
```
```
Medicine Buddha Foundation
```
## **`Detailed Statement of Financial Activities For The Year Ended 31st December 2022`**
|**`INCOMING RESOURCES`**
**`Voluntary income`**
`Donations`
**`Total incoming resources`**
**`RESOURCES EXPENDED`**
**`Charitable activities`**
`Rent & Rates`
`Insurance`
`Light and heat`
`Telephone`
`Sundries`
`Travel & Subsistence`
`Donations`
`Repairs and Maintenance`
`Accountancy`
`Legal fees`
`Training expenses`
`Bad debts`
`Bank interest`
`Bank loan interest`
**`Total resources expended`**
**`Net income`**|`2022`
`£`
`71,899`
`71,899`
`1,026`
`2,272`
`4,063`
`1,127`
`159`
`2,719`
`21,850`
`5,559`
`1,200`
`9,412`
`750`
`11,357`
`418`
`-`
`61,912`
`61,912`
`9,987`|`2021`
`£`
`70,535`|
|---|---|---|
|||`70,535`
`650`
`2,096`
`3,869`
`606`
`159`
`-`
`4,160`
`881`
`1,200`
`10,062`
`3,028`
`-`
`454`
`5,700`|
|||`32,865`|
|||`32,865`|
|||`37,670`|
```
This page does not form part of the statutory financial statements
```
```
Page 7
```
```
REGISTERED CHARITY NUMBER: 1092564
```
```
Report of the Trustees and
Unaudited Financial Statements For The Year Ended 31st December 2022
for
Medicine Buddha Foundation
```
```
Dua & Co. Limited
1st Floor
5 Century Court
Tolpits Lane
Watford
Hertfordshire
WD18 9PX
```
```
Medicine Buddha Foundation
```
## **`Contents of the Financial Statements For The Year Ended 31st December 2022`**
||`Page`|
|---|---|
|`Report of the Trustees`|`1`|
|`Statement of Financial Activities`|`2`|
|`Balance Sheet`|`3`|
|`Notes to the Financial Statements`|`4 to 6`|
|`Detailed Statement of Financial Activities`|`7`|
```
Medicine Buddha Foundation
```
## **`Report of the Trustees For The Year Ended 31st December 2022`**
```
Thetrusteespresenttheirreportwiththefinancialstatementsofthecharityfortheyearended31stDecember2022.Thetrusteeshaveadopted the
provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
```
## **`REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number`**
```
1092564
```
|**`Principal address`**|||
|---|---|---|
|`St Alban's Hall`|||
|`St Alban's Road`|||
|`Dartford`|||
|`Kent`|||
|`DA1 17Y`|||
|**`Trustees`**|||
|`T B Nguyen`|||
|`Mrs H T Huynh`||`- resigned 7.2.22`|
|`Mrs L C Gruber`||`- resigned 7.2.22`|
|`Q H Nguyen`|||
|`H V Trinh`|||
|`Q T Ngo`|`Trustee`|`- appointed 7.2.22`|
|`T B Kieu`|`Trustee`|`- appointed 7.2.22`|
## **`STRUCTURE, GOVERNANCE AND MANAGEMENT`**
## **`Governing document`**
```
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
```
## **`Risk management`**
```
Thetrusteeshaveadutytoidentifyandreviewtheriskstowhichthecharityisexposedandtoensureappropriatecontrolsareinplaceto provide
reasonable assurance against fraud and error.
```
13 September 2023 `Approved by order of the board of trustees on ............................................. and signed on its behalf by:` 16:15
`.............................................` Tri Ba Nguyen
```
T B Nguyen - Trustee
```
```
Page 1
```
```
Medicine Buddha Foundation
```
## **`Statement of Financial Activities For The Year Ended 31st December 2022`**
|`2022`
`Unrestricted fund`
`Notes`
`£`
**`INCOMING RESOURCES`**
**`Incoming resources from generated funds`**
`Voluntary income`
`71,899`
**`RESOURCES EXPENDED`**
**`Charitable activities`**
`Telephone`
`1,127`
`Travel`
`2,719`
`Insurance`
`2,272`
`Sundry`
`159`
`Donations`
`21,850`
`Rent & Rates`
`1,026`
`Light & Heat`
`4,063`
`Bank loan Interest`
`-`
`Repairs & maintainence`
`5,559`
`Bank Charges`
`418`
`Accountancy`
`1,200`
`Legal fees`
`9,412`
`Training expenses`
`750`
`Bad debts`
`11,357`
**`Total resources expended`**
`61,912`
**`NET INCOMING RESOURCES`**
`9,987`
**`RECONCILIATION OF FUNDS`**
**`Total funds brought forward`**
`669,904`
**`TOTAL FUNDS CARRIED FORWARD`**
`679,891`|`2021`
`Total`
`funds`
`£`
`70,535`
`606`
`-`
`2,096`
`159`
`4,160`
`650`
`3,869`
`5,700`
`881`
`454`
`1,200`
`10,062`
`3,028`
`-`|
|---|---|
||`32,865`|
||`37,670`
`632,234`|
||`669,904`|
```
The notes form part of these financial statements
```
```
Page 2
```
## **`Medicine Buddha Foundation`**
## **`Balance Sheet At 31st December 2022`**
|`2022`
`Unrestricted fund`
`Notes`
`£`
**`FIXED ASSETS`**
`Intangible assets`
`3`
`3,876`
`Tangible assets`
`4`
`603,024`
`606,900`
**`CURRENT ASSETS`**
`Debtors`
`5`
`64,710`
`Cash at bank and in hand`
`26,682`
`91,392`
**`CREDITORS`**
`Amounts falling due within one year`
`6`
`(2,401)`
**`NET CURRENT ASSETS`**
`88,991`
**`TOTAL ASSETS LESS CURRENT LIABILITIES`**
`695,891`
**`CREDITORS`**
`Amounts falling due after more than one year`
`7`
`(16,000)`
**`NET ASSETS`**
`679,891`
**`FUNDS`**
`8`
`Unrestricted funds`
`679,891`
**`TOTAL FUNDS`**
`679,891`
13 September 2023
16:15|`2021`
`Total`
`funds`
`£`
`3,876`
`603,024`|
|---|---|
||`606,900`
`145,824`
`5,581`|
||`151,405`
`(72,401)`|
||`79,004`|
||`685,904`
`(16,000)`|
||`669,904`|
||`669,904`|
||`669,904`|
|||
```
The financial statements were approved by the Board of Trustees on ............................................. and were signed on its behalf by:
```
`.............................................` Tri Ba Nguyen `T B Nguyen -Trustee`
```
The notes form part of these financial statements
```
```
Page 3
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements For The Year Ended 31st December 2022`**
## **`1. ACCOUNTING POLICIES`**
## **`Accounting convention`**
```
The financialstatementshave been prepared under the historicalcost convention,and in accordancewith the FinancialReportingStandard for
SmallerEntities(effectiveApril2008),theCharitiesAct2011andtherequirementsoftheStatementofRecommendedPractice, Accounting
and Reporting by Charities.
```
## **`Incoming resources`**
```
Allincomingresourcesare includedon theStatementof FinancialActivitieswhenthecharityislegallyentitledto theincomeandthe amount
can be quantified with reasonable accuracy.
```
## **`Resources expended`**
```
Expenditureisaccountedforonanaccrualsbasisandhasbeenclassifiedunderheadingsthataggregateallcostrelatedtothe category.
Wherecostscannotbedirectlyattributedtoparticularheadingstheyhavebeenallocatedtoactivitiesonabasisconsistentwiththeuse of
resources.
```
## **`Tangible fixed assets`**
```
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
```
## **`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.
```
```
Restrictedfundscanonlybe usedfor particularrestrictedpurposeswithintheobjectsof thecharity.Restrictionsarisewhenspecifiedby 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.
```
## **`2. TRUSTEES' REMUNERATION AND BENEFITS`**
```
There were no trustees' remuneration or other benefits for the year ended 31st December 2022 nor for the year ended 31st December 2021.
```
## **`Trustees' expenses`**
```
There were no trustees' expenses paid for the year ended 31st December 2022 nor for the year ended 31st December 2021.
```
## **`3. INTANGIBLE FIXED ASSETS`**
||`Computer software`|
|---|---|
||`£`|
|**`COST`**||
|`At 1st January 2022 and 31st December 2022`|`3,876`|
|**`NET BOOK VALUE`**||
|`At 31st December 2022`|`3,876`|
|`At 31st December 2021`|`3,876`|
```
Page 4
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements - continued For The Year Ended 31st December 2022`**
|**`4.`**
**`TANGIBLE FIXED ASSETS`**
`Plant and`
`Fixtures and`
`Freehold property`
`machinery`
`fittings`
`£`
`£`
`£`
**`COST`**
`At 1st January 2022 and 31st December 2022`
`586,473`
`12,548`
`4,003`
**`NET BOOK VALUE`**
`At 31st December 2022`
`586,473`
`12,548`
`4,003`
`At 31st December 2021`
`586,473`
`12,548`
`4,003`
**`5.`**
**`DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2022`
`£`
`Trade debtors`
`62,824`
`Other debtors`
`1,886`
`64,710`
**`6.`**
**`CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR`**
`2022`
`£`
`Trade creditors`
`1`
`Other creditors`
`2,400`
`2,401`
**`7.`**
**`CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR`**
`2022`
`£`
`Other creditors`
`16,000`
**`8.`**
**`MOVEMENT IN FUNDS`**
`Net movement in`
`At 1.1.22`
`funds`
`At`
`£`
`£`
**`Unrestricted funds`**
`General fund`
`669,904`
`9,987`
**`TOTAL FUNDS`**
`669,904`
`9,987`|`Totals`
`£`
`603,024`|`Totals`
`£`
`603,024`|
|---|---|---|
||`603,024`||
||`603,024`||
|||`2021`
`£`
`144,180`
`1,644`|
|||`145,824`|
||`2021`
`£`
`1`
`72,400`
`72,401`
`2021`
`£`
`16,000`
`31.12.22`
`£`
`679,891`|`2021`
`£`
`1`
`72,400`|
|||`72,401`|
|||`2021`
`£`
`16,000`|
||`679,891`||
```
Page 5
```
```
Medicine Buddha Foundation
```
## **`Notes to the Financial Statements - continued For The Year Ended 31st December 2022`**
## **`8. MOVEMENT IN FUNDS - continued`**
```
Net movement in funds, included in the above are as follows:
```
|`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
**`Comparatives for movement in funds`**
**`Unrestricted Funds`**
`General fund`
**`TOTAL FUNDS`**
`Comparative net movement in funds, included in the above are as follows:`
`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**
`A current year 12 months and prior year 12 months combined position is as follows:`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`71,899`
`(61,912)`
`9,987`
`71,899`
`(61,912)`
`9,987`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.21`
`£`
`£`
`£`
`632,234`
`37,670`
`669,904`
`632,234`
`37,670`
`669,904`
`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`70,535`
`(32,865)`
`37,670`
`70,535`
`(32,865)`
`37,670`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.22`
`£`
`£`
`£`
`632,234`
`47,657`
`679,891`
`632,234`
`47,657`
`679,891`|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`71,899`
`(61,912)`
`9,987`
`71,899`
`(61,912)`
`9,987`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.21`
`£`
`£`
`£`
`632,234`
`37,670`
`669,904`
`632,234`
`37,670`
`669,904`
`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`70,535`
`(32,865)`
`37,670`
`70,535`
`(32,865)`
`37,670`
`Net movement in`
`At 1.1.21`
`funds`
`At 31.12.22`
`£`
`£`
`£`
`632,234`
`47,657`
`679,891`
`632,234`
`47,657`
`679,891`|`in funds`
`£`
`9,987`|
|---|---|---|---|
||||`9,987`|
||||`669,904`|
|||||
|||||
|||||
||||`669,904`|
|||||
|||||
||||`in funds`|
||||`£`|
|||||
||||`37,670`|
|||||
|||||
|||||
||||`37,670`|
|||||
|||`31.12.22`
`£`
`679,891`||
|||`679,891`||
```
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
```
|`r`
**`Unrestricted funds`**
`General fund`
**`TOTAL FUNDS`**|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`142,434`
`(94,777)`
`47,657`
`142,434`
`(94,777)`
`47,657`|`Incoming`
`Resources`
`esources`
`expended Movement in funds`
`£`
`£`
`£`
`142,434`
`(94,777)`
`47,657`
`142,434`
`(94,777)`
`47,657`|
|---|---|---|
|||`47,657`|
```
Page 6
```
```
Medicine Buddha Foundation
```
## **`Detailed Statement of Financial Activities For The Year Ended 31st December 2022`**
|**`INCOMING RESOURCES`**
**`Voluntary income`**
`Donations`
**`Total incoming resources`**
**`RESOURCES EXPENDED`**
**`Charitable activities`**
`Rent & Rates`
`Insurance`
`Light and heat`
`Telephone`
`Sundries`
`Travel & Subsistence`
`Donations`
`Repairs and Maintenance`
`Accountancy`
`Legal fees`
`Training expenses`
`Bad debts`
`Bank interest`
`Bank loan interest`
**`Total resources expended`**
**`Net income`**|`2022`
`£`
`71,899`
`71,899`
`1,026`
`2,272`
`4,063`
`1,127`
`159`
`2,719`
`21,850`
`5,559`
`1,200`
`9,412`
`750`
`11,357`
`418`
`-`
`61,912`
`61,912`
`9,987`|`2021`
`£`
`70,535`|
|---|---|---|
|||`70,535`
`650`
`2,096`
`3,869`
`606`
`159`
`-`
`4,160`
`881`
`1,200`
`10,062`
`3,028`
`-`
`454`
`5,700`|
|||`32,865`|
|||`32,865`|
|||`37,670`|
```
This page does not form part of the statutory financial statements
```
```
Page 7
```