2021-03-31-accounts - Oxford Buddha Vihara

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Trustees’ Annual Report for the period

For the year ended 31 March 2021

Charity name: The Oxford Buddha Vihara

Charity registration number: 1099361

Objectives and Activities

Objectives and Activities
	SORP reference
Summary of the purposes of the charity as set out in its governing document	Para 1.17	1) To advance Theravada Buddhism in particular, but not exclusively through the provision, maintenance and support of an establishment as a residential centre for monks and also religious worship place. 2) To offer a programme which is practical and relevant for this modern era, so that more can benefit from the Buddha's teachings. 3) Such other charitable purpose as the Management Committee of Vihara shall determine.
Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts.	Para 1.17 and 1.19	During the reporting period, the Charity have: • officially been granted, by the local council, a licence to hold meditation retreats in the OBV Forest of Dean and, the Charity have held many retreats led by the Venerable Dr. Khammai Dhammasami, Ven Dr Pannyawamsa and teachers from Thaeingu, Vijjodaya group and teachers from Thaeingu 32. • Daily religious morning and evening chanting and meditation. • Introduction to Buddhist chanting and meditation for beginners on every Friday evening. • Weekend guided meditation retreats on the 2ndand last weekends of every month. The Charity provides free accommodation and refreshments to devotees during the course of the retreats. Due to the COVID pandemic, we had not held the meditation retreats during the year to 31 March 2021. • Two annual religious events to mark the important days of Buddhism, namely “The Lunar New Year (in April)” and “The Kathina, robe-offering ceremony (in October)’’. Due to COVID pandemic, the two annual religious events have been held virtually. • Meditation retreat in UK, Serbia, Hungary Thailand and Singapore.

		• Provision of financial support to students pursuing Buddhism at Oxford and elsewhere. • Promoting and supporting the Oxford Centre for Buddhist Studies. • Providing accommodations and food to visiting Buddhist scholars to Oxford Centre for Buddhist Studies throughout the year. • Providing the place for the meeting of The Theravada Buddhist Association, UK Due to the COVID pandemic effecting around the world, our charitable and religious activities have been significantly reduced during the year in 31 March 2021.
Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit	Para 1.18	The trustees confirm that they have referred to the Charity Commission’s guidance on public benefit when reviewing the Charity’s aims and objectives, in planning future activities.

Achievements and Performance

	SORP reference
Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole.	Para 1.20	The main aims and purposes of the Charity are the provision of a place for meeting for religious worship and promotion of Buddhist studies. The Charity has an open-door policy where all members of society are welcome to learn and share the teachings of the Buddha.

Financial Review

Financial Review
Review of the charity’s financial position at the end of the period	Para 1.21	The Charity entirely relies on donations from the society and there were no business activities during the year. The primary expenditures of the Charity are that of day to day running costs, of the monastery, repairs and maintenance of the monastery premises and the meditation retreats and direct costs incurred for the religious events. At the end of the reporting period, the Charity had a total cash at bank balance of £257,699 (2020-£369,018).
Statement explaining the policy for holding reserves stating why they are held	Para 1.22	The policy on reserves is that the existing assets are wholly utilised to support existing activities. There is no intention in the long term to either increase or reduce the capital held. The policy is justified in that it is necessary to preserve income at the present levels in order to maintain the activities of the Charity.
Amount of reserves held	Para 1.22	The reserves held at the end of reporting period is £1,836,184 (2020-£1,898,987) out of which

		£1,650,096 (2020 - £1,612,899) held in unrestricted funds and £186,088 (2020 - £286,088) is held in restricted funds.
Details of fund materially in deficit	Para 1.24	There was no fund materially in deficit in the reporting period to 31 March 2021.
Explanation of any uncertainties about the charity continuing as a going concern	Para 1.23	The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern.

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document (trust deed, royal charter)	Para 1.25	Constitutional document of the Charity dated 20 August 2003.
How is the charity constituted? (e.g unincorporated association, CIO)	Para 1.25	Unincorporated association
Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees	Para 1.25	Elected by the Charity’s members at its Annual General Meeting

Reference and Administrative details

Charity name	The Oxford Buddha Vihara
Other name the charity uses
Registered charity number	1099361
Charity’s principal address	356-358 Abingdon Road Oxford OX1 4TQ

Names of the charity trustees who manage the charity

1 2 3 4 5 6 7 8 9 10	Trustee name	Office (if any)	Dates acted if not for whole year	Name of person (or body) entitled to appoint trustee (ifany)
	Dr. U Dhammasami	Chairman
	Dr. U Pannyawamsa	Secretary
	Dr Sai Tin Maung	Treasurer
	Dr. Kyaw Thinn	Member
	Mrs. Saang Florin	Member
	Dr. Nang Hnin Nu Nu Kyi	Member
	Venerable Phramaha Sena Pettai	Co-secretary
	Mrs Khin Warber	Member
	Dr. Ninithet Than Hlaing	Member
	Ms Zin Nwe Lin	Member

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name	Dates acted if not for whole year
Dr. U Dhammasami
Dr. U Pannyawamsa
Dr. Kyaw Thinn

Declarations The trustees declare that they have appnwed the trustees. report above. Signed on behalf of the charity's trustees Slgnature(s) Full name(s) Position (eg Sacretsry. Chalr, etc) Dr. U Pannyawamsa Secretary Date

Independent examiner's report on the accounts

Section A Independent Examiner’s Report

Report to the trustees/	The Oxford Buddha Vihara
members of

On accounts for the year	31 March 2021	Charity no	1099361
ended		(if any)

Set out on pages	23

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2021.

Responsibilties and As the charity's trustees, you are responsible for the preparation of the basis of report accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent The charity’s gross income exceeded £250,000 and I am qualified to examiner's statement undertake the examination by being a qualified member of Association of Chartered Certified Accountants.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:

the accounting records were not kept in accordance with section 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

|Signed:||Date:27 January 2021
~~|~~|Date:27 January 2021
~~|~~| |---|---|---|---| |Name:|Theint Aung||| ||||| |Relevant professional|ACCA||| |qualification(s) or body|||| |(if any):||||

Oct 2018

IER

Address: 22, Flat 2 Boscombe Road London, W12 9HP

Oct 2018

IER

The Oxford Buddha Vihara Charity No (if any) 1099361 Annual accounts for the period Period start date To 01/04/2020 Period end date 31/03/2021 ~~SSS~~

Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~	Section A Statement of financial activities ~~CSS~~
Recommended categories by activity	Guidance Notes		Unrestricted funds		Restricted income funds	Endowment funds		Total funds	Prior year funds
			£		£	£		£	£
Incoming resources (Note 3)			F01		F02	F03		F04	F05
Income and endowments from:
Donations and legacies	S01		51,427		28,042	-		79,469	173,436
Charitable activities	S02		-		-	-		-	-
Other trading activities	S03		-		-	-		-	-
Investments	S04		172		-	-		172	605
Separate material item of income	S05				-	-		-	-
Other	S06	-	20,609 -		-	-	-	20,609 -	28,517
*Total*	S07		30,990		28,042	-		59,032	202,558
Resources expended (Note 4)
Expenditure on:
Raising funds	S08		-		-	-		-	-
Charitable activities	S09		60,439		32,894	-		93,333	75,933
Separate material item of expense	S10
Other	S11		28,503		-	-		28,503	30,365
*Total*	S12		88,942		32,894	-		121,836	106,298

Net income/(expenditure) before investment
gains/(losses)	S13	-	57,951 -	-	4,852 -	-	-	62,803 -	96,260
Net gains/(losses) on investments	S14		-		-	-		-	-
Net income/(expenditure)	S15	-	57,951 -	-	4,852 -	-	-	62,803 -	96,260
Extraordinary items	S16		-		-	-		-	-
Transfers between funds	S17		95,148		(95,148)	-		-	-
Other recognised gains/(losses): Gains and losses on revaluation of fixed assets for the
charity’s own use	S18		-		-	-		-	-
Other gains/(losses)	S19		-		-	-		-	-
*Net movement in funds*	S20		37,197	-	100,000 -	-	-	62,803 -	96,260
*Reconciliation of funds:*
Total funds brought forward	S21		1,612,899		286,088	-		1,898,987	1,802,727
*Total funds carried forward*	S22		1,650,096		186,088	-		1,836,184	1,898,987

Section B Balanie Sheet UftrnrtI InMrn• Endowmnt Tgts1th1s Totsllart funds funds FOI F03 F04 F05 T•ftb1• 1140ts 61 1.705.932 1,705,932 1.727.543 CuN•ht ss•ts INot•71 68.639 68,639 89,253 Cash * bkand INot•91 TotvlaKr•ntQS••ts BIO 368,279 457,532 326339 Cr•dltors'. amr1 f4llln8 du• wlthkn v•ar IN•t• 81 Bll 20.IXX) I,000 N•t¢UffrtntosetsnlkbKl6esJ B12 2m5,075 Credltors: •rnounts hllin¥du• •lt•ro INoi• 8) Provmionslor li•bditi 814 166.CQ8 166P88 186.C68 B15 B16 2.032271 1.846,183 198.987 Funds of th• ¢harlty R•$Irk In¢orne fvnds Illote 111 Uhrnstsltknd fvnds (Notè 111 186P88 186.C88 286.rA8 B19 1.650m6 1.650.C86 1,612.899 B20 Tota1JU B21 1,836.184 I98.987 signed by one or two trustees on behalf of all the trusteos Date of approval dd}rnm/ Spénature Prlnt Name Ven Dr Pannyawamsa Mrs Khln Warber 271010 CC17a (EX

Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities preparing • and with P their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS • and with 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support The trustees consider that there are no material uncertainties about the the conclusion that the charity is a going concern; Charity's ability to continue as as going concern. Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going Not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in notes to the accounts.

Yes P * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; Not applicable

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(ii) the reasons why applying the new accounting policy provides Not applicable more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those Not applicable presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes P * -Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of any changes;*	Not applicable
*(ii) the effect of the change on income and expense or assets and* *liabilities for the current period; and*	Not applicable
*(iii) where practicable, the effect of the change in one or more* *future periods.*	Not applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

----- Start of picture text -----
Yes P
-Tick as appropriate
No
----- End of picture text -----*

Please disclose:

*Please disclose:*
*(i) the nature of the prior period error;*	Not applicable
*(ii) for each prior period presented in the accounts, the amount* *of the correction for each account line item affected; and*	Not applicable
*(iii) the amount of the correction at the beginning of the earliest* *prior period presented in the accounts.*	Not applicable

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

Note 2 Accounting policies 2.1 INCOME
This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.	Yes No		N/a
Recognition of income Gifts in kind for use by the charity are included in the SoFA as income from donations when receivable. Support costs The charity has incurred expenditure on support costs. Volunteer help Donated goods for resale are measured at fair value on initial recognition, which is the expected proceeds from sale less the expected costs of sale, and recognised in 'Income from other trading activities' with the corresponding stock recognised in the balance sheet. On its sale the value of stock is charged against 'Income from other trading activities' and the proceeds from sale are also recognised as 'Income from other trading activities'. Goods donated for on-going use by the charity are recognised as tangible fixed assets and included in the SoFA as incoming resources when receivable. The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. These are included in the Statement of Financial Activities (SoFA) when: · the charity becomes entitled to the resources; · it is more likely than not that the trustees will receive the resources; and · the monetary value can be measured with sufficient reliability. Donated goods Contractual income and performance related grants Offsetting There has been no offsetting of assets and liabilities, or income and expenses, unless required or permitted by the FRS 102 SORP or FRS 102. Grants and donations Grants and donations are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP). This is only included in the SoFA once the charity has provided the related goods or services or met the performance related conditions. Donated goods are measured at fair value (the amount for which the asset could be exchanged) unless impractical to do so. In the case of performance related grants, income must only be recognised to the extent that the charity has provided the specified goods or services as entitlement to the grant only occurs when the performance related conditions are met (5.16 FRS 102 SORP). Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has been grant of probate, the executors have established that there are sufficient assets in the estate and any conditions attached to the legacy are either within the control of the charity or have been met. Government grants The charity has received government grants in the reporting period Tax reclaims on donations and gifts Gift Aid receivable is included in income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of that gift and is treated as an addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise. Donated services and facilities that are consumed immediately are recognised as income with an equivalent amount recognised as an expense under the appropriate heading in the SOFA. The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of those gifts at the time of their receipt and they are recognised on receipt. In the reporting period in which the stocks are distributed, they are recognised as an expense at the carrying amount of the stocks at distribution. Donated services and facilities Donated services and facilities are included in the SOFA when received at the value of the gift to the charity provided the value of the gift can be measured reliably. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other
	P
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	Yes P Yes	No No	N/a N/a P
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net	Yes	No	N/a
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e value	Yes	No	N/a
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benefits are recognised as income earned from the provision of goods and services as income from charitable activities. Insurance claims are only included in the SoFA when the general income recognition Settlement of insurance criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other claims income in the SoFA. This includes any realised or unrealised gains or losses on the sale of investments and Investment gains and any gain or loss resulting from revaluing investments to market value at the end of the losses year. 2.2 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Support costs have been allocated between governance costs and other support. Governance and support Governance costs comprise all costs involving public accountability of the charity and costs its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Where the charity gives a grant with conditions for its payment being a specific level of Grants with performance service or output to be provided, such grants are only recognised in the SoFA once the conditions recipient of the grant has provided the specified service or output. Where there are no conditions attaching to the grant that enables the donor charity to Grants payable without realistically avoid the commitment, a liability for the full funding obligation must be performance conditions recognised. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. The charity has creditors which are measured at settlement amounts less any trade Creditors discounts A liability is measured on recognition at its historical cost and then subsequently Provisions for liabilities measured at the best estimate of the amount required to settle the obligation at the reporting date The charity accounts for basic financial instruments on initial recognition as per Basic financial instruments paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. 2.3 ASSETS Tangible fixed assets for These are capitalised if they can be used for more than one year, and cost at least use by charity They are valued at cost.

The depreciation rates and methods used are disclosed in note 9.2. Intangible fixed assets The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5

They are valued at cost. Heritage assets The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.

	They are valued at cost.
Investments	Fixed asset investments in quoted shares, traded bonds and similar investments are
	valued at initially at cost and subsequently at fair value (their market value) at the
	year end. The same treatment is applied to unlisted investments unless fair value
	cannot be measured reliably in which case it is measured at cost less impairment
	Investments held for resale or pending their sale and cash and cash equivalents with a
	maturity date of less than 1 year are treated as current asset investments
Stocks and work in	Stocks held for sale as part of non-charitable trade are measured at the lower or cost or	net
progress	realisable value.
	Goods or services provided as part of a charitable activity are measured at net realisable value
	based on the service potential provided by items of stock.
	Work in progress is valued at cost less any foreseeable loss that is likely to occur on the
	contract.

Yes No N/a	Yes No N/a	Yes No N/a
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Yes No N/a
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Yes No N/a
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Section C Notes to the accounts (cont)

Note 3 Analysis of income

Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Donations andgifts 51,427 28,042 - 79,469 173,436 Gift Aid - 20,609 - - - 20,609 28,517 Legacies - - - -- General grants provided by government/other charities - - - -- Membership subscriptions and sponsorships which are in substance donations - - - -- Donatedgoods,facilities and services - - - -- Other - - -- Total 30,818 28,042 - 58,860 201,953 - - - - - - - - - - Other - - - - - Total - - - - - - - - - - - - - - - Other - - - - - Total - - -- - Interest income 172- -172 605 Dividend income - - - - - Rental and leasingincome - - - - - Other - - - - - Total 172 - -172 605 - - - - - - - - - - - - - - - Total - - -- - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held for charity's own use - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - -- - 30,990 28,042 - 59,032 202,558 Other information: Analysis Donations and legacies: Charitable activities: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income:	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £ Analysis
	Donations andgifts	51,427	28,042	-	79,469	173,436
	Gift Aid	- 20,609	-	-	- 20,609	28,517
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other		-	-	-	-
	Total	30,818	28,042	-	58,860	201,953

		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		-	-	-	-	-
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

	Interest income	172	-	-	172	605
	Dividend income	-	-	-	-	-
	Rental and leasingincome	-	-	-	-	-
	Other	-	-	-	-	-
	Total	172	-	-	172	605

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held for charity's own use	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		30,990	28,042	-	59,032	202,558

All income in the prior year was unrestricted except for: (please provide description and amounts)		The funds which are to be used in accordance with specific restrictions imposed by the donors primarly consists of the restriced fund of £28,042 for donation to medical needs in a hospital and for buildinga shcool in Shan State,Myanmar.
Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.
		Not applicable

Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)		Not applicable

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Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Analysis	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £	Unrestricted funds Restricted income funds Endowmen t funds Total funds Prior year £ £

Donations given	-	32,894	-	32,894	4,760
Travel & subsistence	3,291		-	3,291	17,433
Religious activities	12,222	-	-	12,222	4,142
Premises costs	37,844		-	37,844	49,599
Bookspublishing	7,083	-	-	7,083	-
Total expenditure on charitable activities	60,439	32,894	-	93,333	75,933

	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Total	-	-	-	-	-

Telephone, fax, postage, stationery and printing	3,555		-	3,555	9,267
Training,subscription and license fees		-	-	-	3,652
Depreciation	24,918	-	-	24,918	16,634
Legal fees			-	-	812
Finance cost	30	-	-	30	-
Total other expenditure	28,503	-	-	28,503	30,365

	88,942	32,894	-	121,836	106,298

Other information:

Analysis of expenditure on charitable activities

Activity or programme	Activities undertaken directly	Funding of activities	Support Costs	Total this year	*Total prior* *year*
	£	£	£	£	£
Activity 1 Activity 2 Activity 3 Activity4	Laikha summer schoolproject	7,955		7,955	-
	DhammaBuddha Books publishing	7,083		7,083	-
	Shan State Buddha Uni - education	9,807		9,807	-
	Shan State Buddha Uni - hospital needs	10,000		10,000	-
Other	General religious activities; providing accomendation to Buddhist monks, holding meditation retreats, attending conferences and promoting buddhist studies etc..	25,594	28,503	54,097	82,008
Total		60,439	28,503	88,942	82,008

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 5 Details of certain items of expenditure

Fees for examination of the accounts

The charity has incurred no accountancy fee as the accounts are prepared by the trustee, Mrs K Warber FCCA CTA, who is a professional accountant. The independent examination of the accounts is carried out by the external accountant on a pro bona basis.

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 6 Tangible fixed assets Please complete this note if the charity has any tangible fixed assets

6.1 Cost or valuation

Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**	Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Total £ £ £ £ £ At the beginning of the year 1,755,262 - 41,660 39,247 1,836,169 Additions - - 3,307 3,307 Revaluations - - - - - Disposals - - - 650 - 650 Transfers - - - - - At end of the year 1,755,262 - 41,660 41,904 1,838,825 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate10 - 70years 10% - 33% At beginning of the year 71,985 - 17,632 19,010 108,627 Disposals - - - - 542 - 542 Depreciation 11,064 4,806 8,940 24,810 Impairment - - - - - Transfers - - - - - At end of the year 83,049 - 22,438 27,408 132,895 Net book value at the beginning of the year 1,683,276 - 24,028 20,238 1,727,541 Net book value at the end of the year 1,672,212 - 19,222 14,495 1,705,930 6.3 Net book value 6.2 Depreciation and impairments**
SL	SL or RB	SL or RB	SL or RB	SL or RB	Straight Line ("SL") or Reducing Balance ("RB")
10 - 70years			10% - 33%
71,985 - 17,632 19,010 108,627 - - - - 542 - 542 11,064 4,806 8,940 24,810 *** - - - - - - - - - - 83,049 - 22,438 27,408 132,895 1,683,276 - 24,028 20,238 1,727,541 1,672,212 - 19,222 14,495 1,705,930
1,683,276	-	24,028	20,238	1,727,541
1,672,212	-	19,222	14,495	1,705,930

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 7 Debtors and prepayments

Analysis of debtors Debtors Prepayments and accrued income Other debtors Total

This year £	Last year £
-	-
67,391	88,000
1,248	1,253
68,639	89,253

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 8 Creditors and accruals

Analysis of creditors

Analysis of creditors
Loans Payable to Ven.Dhammasami Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	20,000	100,000	166,088	186,088
	10,000	-
	30,000	100,000	166,088	186,088

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 9 Cash at bank and in hand

Note 9 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	257,699	368,279
	-	-
	257,699	368,279

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 10 Fair value of assets and liabilities

10.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.

The Charity's exposure to credit risk is anticipated to be low as the only debtor that the Charity has in both 2020 and 2021 relates to the gift aid claims from HMRC. The Charity has surplus cash in the bank and have short or long term interest free borrowings from its devotees. therefore the liquidity risk is relatively low. The Charity does not hold any investment assets in both financial years, 2020 and 2021.

10.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.

The Charity does not have financial instruments in both financial years, 2020 and 2021.

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 11 Charity funds

11.1 Details of material funds held and movements during the CURRENT reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General donations	UR	General	1,612,899	30,990	(88,942)	95,148	-	1,650,096
Park Farm Meditation Centre	R	Purchasing a new premises that can facilitate meditation retreats.(loan balance)	286,088			- 100,000	-	186,088
Charityactivities	R	Bookspublishing, health and education	-	28,042	(32,894)	4,852	-	0
			-	-	-	-	-	-
*Otherfunds*	N/a	N/a	-	-	-	-	-	-
Total Funds			1,898,987	59,032	- 121,836	-	-	1,836,184

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 11 Charity funds (cont)

11.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
General donations	UR	General	1,081,512	172,643	(82,008)	440,752	-	1,612,899
Park Farm Meditation Centre	R	Purchasing a new premises that can facilitate meditation retreats.	721,215	29,915	(24,290)	- 440,752	-	286,088
			-	-	-	-	-	-
*Otherfunds*	N/a	N/a	-	-	-	-	-	-
Total Funds			1,802,727	202,558	(106,298)	0	-	1,898,987

CC17a (Excel)

27/01/2022

Section C Notes to the accounts (cont)

Note 12 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

12.1 Trustee remuneration and benefits

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
This year				Last year
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

12.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		*TRUE*

Type of expenses reimbursed	This year	Last year
	£	£
Travel
Subsistence
Accommodation
Other (please specify):

TOTAL

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

12.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	There have been no related party transactions in the reporting period (True or False)	*FALSE*	*FALSE*

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad de end	bts at period	Amounts written off during reporting period
			£	£	£		£
Mrs SaangFlorin	Trustee	Loan		10,000
Dr Kyaw Thinn	Trustee	Loan	- 50,000	-
Dr NangKyi	Trustee	Loan		15,000
Dr. U Dhammasami	Trustee	Loan	10,000	10,000

In relation to the transactions above, please provide the terms and
conditions, including any security and the nature of any payment
(consideration) to be provided in settlement.

The Charity owed an amount of £10,000 (2020- £10,000) to the Trustee, Mrs
Saang Florin, as at 31 March 2021. The loan is interest free and repayable upon
her dealth whereby the Charity is liable for the cost of her funeral up to the
balance owed at that time.
The trustees, Dr Kyaw Thinn and Dr Nang Kyi have provided loans to the Charity
during the period ended 31 March 2018 for the amounts £50,000, and £15,000
respectively. The loans are interest free. The amount owed to Dr Kyaw Thinn has
been repaid during the period ended 31 March 2021. Dr Nang Kyi have agreed
not to ask for repayments until the Charity has sufficient funds to do so.
The Charity owed an amount of £10,000 to the Trustee, Dr. U Dhammasami as at
31 March 2021. The loan is repayable on demand.

For any related party, please provide details of any guarantees given

or received.

The trustees all give freely their time and expertise without any form of remuneration or other benefit in cash or kind (2019: £nil).

CC17a (Excel)

27/01/2022