## **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** 1 **IER** **Address:** 22, Flat 2 Boscombe Road London, W12 9HP **Oct 2018** 2 **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•ft￿b1• 1140ts 61 1.705.932 1,705,932 1.727.543 CuN•ht *ss•ts INot•71 68.639 68,639 89,253 Cash * b￿kand INot•91 TotvlaKr•ntQS••ts BIO 368,279 457,532 326339 Cr•dltors'. amr￿1￿ 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 1*98.987 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 I￿98.987 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 27101￿0 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.* P * -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 CC17a (Excel) 27/01/2022 3 _**(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| CC17a (Excel) 27/01/2022 4 **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||| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| |||P|| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| ||||P| ||Yes||N/a| ||||P| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||P||| ||Yes
No
P
Yes
No||N/a| ||||| ||||N/a| ||P||| ||Yes
No||N/a| ||P||| ||Yes
No||N/a| ||||P| ||Yes
No||N/a| |||||P| |---|---|---|---|---| |||Yes|No|N/a
P| |||Yes|No|N/a
P| |||Yes|No|N/a| |||P||| |||Yes
P|No|N/a| |||Yes|No|N/a| |||P||| |||Yes|No|N/a
P| |||Yes|No|N/a
P| |||Yes
P|No|N/a| |||Yes|No|N/a| |||P||| |||Yes|No|N/a
P| |||Yes
P
Yes|No
No|N/a
N/a
P| |||Yes
P|No|N/a| |||Yes|No|N/a| ||||P|| |||Yes|No|N/a| |||||P| |||Yes|No|N/a| ||||P|| |||Yes|No|N/a| |||||P| |||Yes|No|N/a| |||Yes|No|P
N/a| |||||P| ||net|Yes|No|N/a| |||||P| ||e value|Yes|No|N/a| |||||P| |||Yes|No|N/a| |||||P| 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.||| |**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity.
Subsequently, they are measured at the cash or other consideration expected to be received.
**Current asset investments**
The charity has has investments which it holds for resale or pending their sale and cash and
cash equivalents with a maturity date less than one year. These include cash on deposit and
cash equivalents with a maturity date of less than one year held for investment purposes
rather than to meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||P||| ||Yes
No
N/a||| |||P|| ||Yes
No
N/a||| ||||P| **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||||| CC17a (Excel) 27/01/2022 8 **Section C Notes to the accounts (cont)** **Note 4 Analysis of expenditure** |**Analysis**
**Total expenditure on charitable activities**
**Other**
Donations given
**Total**
Telephone, fax, postage, stationery and printing
Training,subscription and license fees
**Separate material**
**item of expense**
Religious activities
**Expenditure on**
**charitable activities** Travel & subsistence
Bookspublishing
Premises costs
**TOTAL EXPENDITURE**
**Total other expenditure**
Depreciation
Finance cost
Legal fees|**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 9 **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 10 **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")
**** Rate**10 - 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")
**** Rate**10 - 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")
**** Rate**10 - 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")
**** Rate**10 - 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")
**** Rate**10 - 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")
**** Rate**10 - 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")
**** Rate**10 - 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 11 **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 12 **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 13 **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 14 **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 15 ## **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 16 **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 17 **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.**_ |**Name of trustee**|**Legal authority (eg order,**
**governing document)**|**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 18