2023-03-31-accounts - Oxford Buddha Vihara

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

Trustees’ Annual Report for the period

For the year ended 31 March 2023

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: • held meditation retreats in the OBV Forest of Dean and, the Charity have held many retreats led by the Venerable 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. • 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)’’. • 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
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

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 £194,132 (2022-£197,347).
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 £1,814.492 (2022 -£1,810,408) out of which £ 1,713,404 (2022 - £1,709,320) held in unrestricted funds and £101,088 (2022 - £101,088) 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 2023.
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 None

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 approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s) Full name(s) Dr. U Pannyawamsa ~~a~~ Position (eg Secretary, Secretary Chair, etc) ~~ee~~ Date 31/01/2024 ~~Pp~~

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 2023	Charity no	1099361
ended		(if any)

Set out on pages	18

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2023. Responsibilities 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:31/01/2024
~~|~~|Date:31/01/2024
~~|~~| |---|---|---|---| |Name:|Theint Aung||| ||||| |Relevant professional|ACCA||| |qualification(s) or body|||| |(if any):||||

Oct 2018

IER

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

Oct 2018

IER

The Oxford Buddha Vihara Charity No (if FOR ENGLAND AND WALES any) 1099361 Annual accounts for the period Period start date 01/04/2022 To Period end date 31/03/2023 mene ~~"Ff SSC~~ Section A Statement of financial activities

Recommended categories by activity ~~SSC~~	Guidance Notes ~~SSC~~	~~SSC~~	Unrestricted funds ~~SSC~~	~~SSC~~	Restricted income funds ~~SSC~~	Endowment funds ~~SSC~~	Total funds ~~SSC~~	~~SSC~~	Prior year funds ~~SSC~~
			£		£	£	£		£
Incoming resources (Note 3)			F01		F02	F03	F04		F05
Income and endowments from:
Donations and legacies	S01		114,539		6,638	-	121,177		54,644
Charitable activities	S02		-		-	-	-		-
Other trading activities	S03		-		-	-	-		-
Investments	S04		901		-	-	901		29
Separate material item of income	S05				-	-	-		-
Other	S06		8,801		-	-	8,801		10,000
*Total*	S07		124,241		6,638	-	130,879		64,673
Resources expended (Note 4)
Expenditure on:
Raising funds	S08		-		-	-	-		-
Charitable activities	S09		98,575		8,550	-	107,125		63,450
Separate material item of expense	S10
Other	S11		19,670		-	-	19,670		26,998
*Total*	S12		118,245		8,550	-	126,795		90,449

Net income/(expenditure) before investment
gains/(losses)	S13		5,996	-	1,912 -	-	4,084	-	25,776 -
Net gains/(losses) on investments	S14		-		-	-	-		-
Net income/(expenditure)	S15		5,996	-	1,912 -	-	4,084	-	25,776 -
Extraordinary items	S16		-		-	-	-		-
Transfers between funds	S17	-	1,912 -		1,912	-	-		-
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		4,084		-	-	4,084	-	25,776 -
*Reconciliation of funds:*
Total funds brought forward	S21		1,709,320		101,088	-	1,810,408		1,836,184
*Total funds carried forward*	S22		1,713,404		101,088	-	1,814,492		1,810,408

Section B Balance sheet

Section B Balance sheet
	Guidance Notes	Unrestricted funds Restricted income funds Endowment funds Total this year Total last year
		£ £ £ £ £
Fixed assets		F01 F02 F03 F04 F05
Tangible assets (Note 6) *Total fixed assets*	B02 B05	1,675,901 - - 1,675,901 1,687,530 1,675,901 - - 1,675,901 1,687,530 ~~Se~~
Current assets
Debtors (Note 7) Cash at bank and in hand (Note 9) *Total current assets*	B07 B09 B10	65,546 - 65,546 56,726 194,132 - 194,132 197,239 259,678 - - 259,678 253,965 ~~====—~~
Creditors: amounts falling due within one year (Note 8) *Net current assets/(liabilities)*	B11 B12	56,000-56,000 48,000 259,678 - 56,000 - 203,678 205,965 ~~—=—~~
*Total assets less current liabilities*	B13	1,935,579 - 56,000-1,879,579 1,893,495
Creditors: amounts falling due after one year (Note 8) Provisions for liabilities *Total net assets or liabilities*	B14 B15 B16	65,088 - 65,088 83,088 - - - - - 1,935,579 - 121,088 - 1,814,491 1,810,407 ~~————~~
Funds of the Charity Restricted income funds (Note 11) Unrestricted funds (Note 11) *Total funds*	B18 B19 B20 B21	101,088 101,088 101,088 1,713,404 - 1,713,404 1,709,320 - - 1,713,404 101,088 - 1,814,492 1,810,408 ~~===~~
Signed by one or two trustees on behalf of all the trustees	Date of approval dd/mm/yyyy Print Name Signature ~~a~~ ~~ee ee~~
		31/01/2024 Ven Dr Pannyawamsa
	31/01/2024 Mrs Khin Warber khin Warber ~~po~~

CC17a (Excel)

31/01/2024

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  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 The trustees consider that there are no material uncertainties about 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 going concern assumption doubtful;

Where accounts are not prepared on a going 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.

Not applicable

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  * -Tick as appropriate No Please disclose: (i) the nature of the change in accounting policy; Not applicable (ii) the reasons why applying the new accounting policy provides Not applicable more reliable and more relevant information; and

CC17a (Excel)

31/01/2024

(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).

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

Please disclose:

----- Start of picture text -----
(i) the nature of any changes; Not applicable
(ii) the effect of the change on income and expense or assets and
Not applicable
liabilities for the current period; and
(iii) where practicable, the effect of the change in one or more
future periods.
Not applicable
----- End of picture text -----

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 
-Tick as appropriate
No
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
----- End of picture text -----*

CC17a (Excel)

31/01/2024

Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME	Yes No	Yes No	N/a
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.
Recognition of income 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 benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 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. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. 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 g g , 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.
	
	Yes No		N/a
	
	Yes No		N/a
	
	Yes No		N/a
			
	Yes No		N/a
			
	Yes No		N/a
		
	Yes No		N/a
	
	Yes No		N/a
			
	Yes No		N/a
			
	Yes No		N/a
			
	Yes No		N/a
			
	Yes		N/a
			
	Yes No		N/a
	
	Yes No		N/a
	
	Yes No		N/a
	
	Yes No  Yes No		N/a

			N/a
	
	~~Yes~~ ~~No~~		~~N/a~~
	
	Yes No		N/a
			
	~~Yes~~ ~~No~~		~~N/a~~
			
	Yes No		N/a
			

Yes No N/a	Yes No N/a	Yes No N/a
		
Yes No N/a

~~Yes~~ ~~No~~ ~~N/a~~

Yes No N/a  ~~Yes~~ ~~No~~ N/a
		
Yes No N/a
		
Yes No N/a

Yes No N/a

Yes No N/a
		
Yes No N/a

Yes No N/a
		
Yes No N/a


Yes No N/a
	
~~Yes~~ ~~No~~ ~~N/a~~
		
Yes No N/a
	
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a
		
Yes No N/a

Yes No N/a
	
Yes No N/a

They are valued at fair value except where they qualify as basic financial instruments.



Section C Notes to the accounts (cont)

Note 3 Analysis of income

Donations and gifts Gift Aid Legacies General grants provided by government/other charities Membership subscriptions and sponsorships which are in substance donations Donated goods, facilities and services Other Total Other Total Other Total Interest income Dividend income Rental and leasing income Other Total 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 property rights Other Total Other information: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Analysis Donations and legacies: Charitable activities:	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 and gifts	114,539	6,638	-	121,177	54,644
	Gift Aid	8,801	-	-	8,801	10,000
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-	-
	Donated goods, facilities and services	-	-	-	-	-
	Other		-	-	-	-
	Total	123,340	6,638	-	129,978	64,644

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

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

	Interest income	901	-	-	901	29
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	901	-	-	901	29

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	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 property rights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		124,241	6,638	-	130,879	64,673

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 £6,638 for donation for a Buddhist 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)

31/01/2024

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	28,792	8,550	-	37,342	11,893
Travel & subsistence	8,402		-	8,402	9,006
Religious activities	851	-	-	851	6,851
Meditation retreat	25,898			25,898
Premises costs	34,633		-	34,633	31,075
Bookspublishing	-	-	-	-	4,625
Total expenditure on charitable activities	98,575	8,550	-	107,125	63,450

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

Telephone, fax, postage, stationery and printing	1,662		-	1,662	2,369
Training, subscription and license fees	1,802	-	-	1,802	3,770
Depreciation	16,029	-	-	16,029	20,825
Finance cost	176	-	-	176	34
Total other expenditure	19,670	-	-	19,670	26,998

TOTAL EXPENDITURE

118,245 8,550 - 126,795 90,449

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 Activity 4 Activity5	Laikha summer schoolproject			-	-
	DhammaBuddha Bookspublishing	-		-	4,625
	Shan State Buddha Uni - education	11,920		11,920	-
	Loi Longe Orphanage School	8,550		8,550	-
	Serbia Templeproject			-	6,915
Other	~~General religious activities; providing accomendation to~~ Buddhist monks, holding meditation retreats, attending conferences andpromotingbuddhist studies etc..	86,655	19,670	106,325	78,908
Total		107,125	19,670	126,795	90,449

CC17a (Excel)

31/01/2024

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)

31/01/2024

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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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 36,994 1,833,915 Additions - - 4,400 4,400 Revaluations - - - - - Disposals - - - Transfers - - - - - At end of the year 1,755,262 - 41,660 41,394 1,838,315 Basis* SL SL or RB SL or RB SL or RB SL or RB Straight Line ("SL") or Reducing Balance ("RB") Rate 10-70 years 10%-33% At beginning of the year 91,545-26,282 28,560 146,387 Disposals - - - - Depreciation 8,461 3,076 4,492 16,029 Impairment - - - - - Transfers - - - - - At end of the year 100,006 - 29,358 33,052 162,416 Net book value at the beginning of the year 1,663,716 - 15,378 8,434 1,687,528 Net book value at the end of the year 1,655,255 - 12,302 8,341 1,675,899 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")
10-70 years			10%-33%
91,545-26,282 28,560 146,387 - - - - 8,461 3,076 4,492 16,029 *** - - - - - - - - - - 100,006 - 29,358 33,052 162,416 1,663,716 - 15,378 8,434 1,687,528 1,655,255 - 12,302 8,341 1,675,899
1,663,716	-	15,378	8,434	1,687,528
1,655,255	-	12,302	8,341	1,675,899

CC17a (Excel)

31/01/2024

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 £
	-	-
	64,181	55,500
	1,365	1,226
	65,546	56,726

CC17a (Excel)

31/01/2024

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 £
	46,000	38,000	65,088	83,088
	10,000	10,000
	56,000	48,000	65,088	83,088

CC17a (Excel)

31/01/2024

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 £
	-	-
	-	-
	194,132	197,239
	-	-
	194,132	197,239

CC17a (Excel)

31/01/2024

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 2022 and 2023 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, 2022 and 2023.

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, 2022 and 2023.

CC17a (Excel)

31/01/2024

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	1,709,320	124,241	(118,245)	- 1,912	-	1,713,404
Park Farm Meditation Centre	R	Purchasing a new premises that can facilitate meditation retreats.(loan balance)	101,088			-	-	101,088
Charityactivities	R	Bookspublishing,health and education	-	6,638	(8,550)	1,912	-	-
			-	-	-	-	-	-
*Otherfunds*	N/a	N/a	-	-	-	-	-	-
Total Funds			1,810,408	130,879	- 126,795	-	-	1,814,492

CC17a (Excel)

31/01/2024

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	1,650,096	61,802	(83,534)	80,956	-	1,709,320
Park Farm Meditation Centre	R	Purchasing a new premises that can facilitate meditation retreats.(loan balance)	186,088			- 85,000	-	101,088
Charityactivities	R	Bookspublishing,health and education	0	2,871	- 6,915	4,044	-	- 0
*Otherfunds*	N/a	N/a	-	-	-	-	-	-
Total Funds			1,836,184	64,673	(90,449)	0	-	1,810,408

CC17a (Excel)

31/01/2024

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 NangKyi	Trustee	Loan		15,000
Dr. U Dhammasami	Trustee	Loan	10,000	10,000

The Charity owed an amount of £10,000 (2022- £10,000) to the Trustee, Mrs Saang Florin, as at 31 March 2023. 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.

In relation to the transactions above, please provide the terms and The trustees, Dr Nang Kyi have provided loans to the Charity during the period conditions, including any security and the nature of any payment ended 31 March 2018 for the amounts £15,000. The loans are interest free. Dr (consideration) to be provided in settlement. 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 2023. 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 (2023 £nil).

CC17a (Excel)

31/01/2024