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2024-03-31-accounts

Trustees’ Annual Report for the period

For the year ended 31 March 2024

Charity name: The Oxford Buddha Vihara

Charity registration number: 1099361

Objectives and Activities

Objectives and Activities 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

hosted visits from schools, scouts,
trainee RE students
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

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SORP
reference
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Achievements and Performance Achievements and Performance 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 £194,132
(2023-£347,930).
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 £2,002,037 (2023 -£1,814,492 out of which £
1,938,979 (2023 - £1,713,404) held in
unrestricted funds and £60,088 (2023 -
£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 2024.
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

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Name of person (or
Dates acted if not for
Trustee name Office (if any) body) entitled to
whole year
appoint trustee (if any)
1 Dr. U Dhammasami Chairman
2 Dr. U Pannyawamsa Secretary
3 Dr Sai Tin Maung Treasurer
4 Dr. Kyaw Thinn Member
5 Mrs. Saang Florin Member
6 Dr. Nang Hnin Nu Nu Kyi Member
7 Venerable Phramaha Sena Pettai Co-secretary
8 Mrs Khin Warber Member
9 Dr. Ninithet Than Hlaing Member
10 Ms Zin Nwe Lin Member
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– 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
~~		 ~~
Position (eg Secretary,
Chair, etc)		 Position (eg Secretary,
Secretary
~~ee~~
Date 28/01/2025
~~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 2024 Charity no 1099361 ended (if any) I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 March 2024. Responsibilities and As the charity's trustees, you are responsible for the preparation of the accounts basis of report 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 examiner's

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:

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.

Date: 29/01/2025 Signed: ~~oe~~ Name: Theint Aung ~~CO~~ Relevant professional ACCA qualification(s) or body (if any): Address: 22 Boscombe Road Flat 2 London, W12 9HP

Oct 2018

1

IER

Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
any)
Period start date
01/04/2023
To
Period end date
The Oxford Buddha Vihara
Annual accounts for the period
"ia
FOR ENGLAND AND WALES		 Charity No (if
Period end date		 1099361
31/03/2024
Section A Statement of financial activities
~~CSCS~~
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 269,363 5,631 - 274,994 121,177
Charitable activities S02 - - - - -
Other trading activities S03 - - - - -
Investments S04 4,947 - - 4,947 901
Separate material item of income S05 - - - -
Other S06 20,000 - - 20,000 8,801
Total S07 294,310 5,631 - 299,941 130,879
Resources expended (Note 4)
Expenditure on:
Raising funds S08 - - - - -
Charitable activities S09 88,128 2,661 - 90,789 107,125
Separate material item of expense S10
Other S11 21,606 - - 21,606 19,670
Total S12 109,735 2,661 - 112,396 126,795
Net gains/(losses) on investments
Extraordinary items
Net income/(expenditure) before investment
gains/(losses)
Net income/(expenditure)
Transfers between funds
Other recognised gains/(losses):
Gains and losses on revaluation of fixed assets for the		 S13
S14
S15
S16
S17		 184,575
-
184,575
-
41,000		 2,970
-
2,970
-
(41,000)		 -
-
-
-
-		 187,545
-
187,545
-
-		 4,084
-
4,084
-
-
charity’s own use S18 - - - - -
Other gains/(losses) S19 - - - - -
Net movement in funds S20 225,575 - 38,030
-		 - 187,545 4,084
Reconciliation of funds:
Total funds brought forward S21 1,713,404 101,088 - 1,814,492 1,810,408
Total funds carried forward S22 1,938,979 63,058 - 2,002,037 1,814,492

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
Current assets		 B02
B05		 1,667,666 - - 1,667,666
1,675,901
1,667,666 - - 1,667,666 1,675,901
ee
Debtors (Note 7)
Cash at bank and in hand (Note 9)
Total current assets		 B07
B09
B10		 66,529
- 66,529
65,546
347,930
- 347,930
194,132
414,458 - -
414,458
259,678
====—
Creditors: amounts falling due within one
year (Note 8)
Net current assets/(liabilities)		 B11
B12		 25,000-25,000
56,000
414,458 - 25,000 - 389,458 203,678
—=
Total assets less current liabilities B13 2,082,124 - 25,000-2,057,124
1,879,579
Creditors: amounts falling due after one
year (Note 8)
Provisions for liabilities
Total net assets or liabilities
Funds of the Charity
Restricted income funds (Note 11)
Unrestricted funds (Note 11)
Total funds		 B14
B15
B16
B18
B19
B20
B21		 45,088 - 45,088
65,088
- - - -
-
2,082,124 - 70,088 -
2,012,036
1,814,491
60,088
60,088
101,088
1,938,979
- 1,938,979
1,713,404
-
-
1,938,979 60,088 -
1,999,067
1,814,492
————
==an=
Signed by one or two trustees on behalf of
all the trustees		 Date of
approval
dd/mm/yyyy
Print Name
Signature
a
30/01/2025
Ven Dr Pannyawamsa
30/01/2025
Mrs Khin Warber
khin Warber
a

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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.*

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P
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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.

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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).

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Yes P
 -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
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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.1 INCOME

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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 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 Yes No N/a
· the monetary value can be measured with sufficient reliability. P
There has been no offsetting of assets and liabilities, or income and expenses, unless required Yes No N/a
Offsetting or permitted by the FRS 102 SORP or FRS 102. P
Yes No N/a
Grants and donations are only included in the SoFA when the general income
P
Grants and donations recognition criteria are met (5.10 to 5.12 FRS102 SORP).
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 Yes No N/a
the grant only occurs when the performance related conditions are met (5.16 FRS 102
P
SORP).
Legacies Legacies are included in the SOFA when receipt is probable, that is, when there has Yes No N/a
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 P
the charity or have been met.
Yes No N/a
Government grants The charity has received government grants in the reporting period P
Gift Aid receivable is included in income when there is a valid declaration from the
Tax reclaims on donations donor. Any Gift Aid amount recovered on a donation is considered to be part of that Yes No N/a
and gifts gift and is treated as an addition to the same fund as the initial donation unless the P
donor or the terms of the appeal have specified otherwise.
Contractual income and Yes No N/a
This is only included in the SoFA once the charity has provided the related goods or
performance related services or met the performance related conditions. P
grants
Yes No N/a
Donated goods are measured at fair value (the amount for which the asset could be
Donated goods
exchanged) unless impractical to do so. P
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 Yes No N/a
receipt. In the reporting period in which the stocks are distributed, they are P
recognised as an expense at the carrying amount of the stocks at distribution.
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 Yes No N/a
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 P
trading activities'.
Yes N/a
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. P
Yes No N/a
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable. P
Donated services and Donated services and facilities are included in the SOFA when received at the value of Yes No N/a
facilities the gift to the charity provided the value of the gift can be measured reliably. P
Donated services and facilities that are consumed immediately are recognised as Yes No N/a
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA. P
Yes No N/a
Support costs The charity has incurred expenditure on support costs. P
Yes No N/a
The value of any voluntary help received is not included in the accounts but is
Volunteer help described in the trustees’ annual report. P
Yes No N/a
Income from interest, This is included in the accounts when receipt is probable and the amount receivable
royalties and dividends can be measured reliably. P
Yes No N/a
Income from membership Membership subscriptions received in the nature of a gift are recognised in Donations
subscriptions and Legacies. P
Membership subscriptions which gives a member the right to buy services or other Yes No N/a
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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 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 No N/a
P
Yes No N/a
P
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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

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
P
Yes
No
N/a
P
Yes
No
N/a
P

Section C Notes to the accounts (cont)

Note 3 Analysis of income

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Restricted
Unrestricted income Endowmen
funds funds t funds Total funds Prior year
Analysis £ £
Donations and Donations and gifts 269,363 5,631 - 274,994 121,177
legacies: Gift Aid 20,000 - - 20,000 8,801
Legacies - - - - -
General grants provided by government/other
charities - - - - -
Membership subscriptions and sponsorships
which are in substance donations - - - - -
Donated goods, facilities and services - - - - -
Other - - - -
Total 289,363 5,631 - 294,994 129,978
Charitable
activities: - - - - -
- - - - -
Other - - - - -
Total - - - - -
Other trading
activities: - - - - -
- - - - -
Other - - - - -
Total - - - [ - - ]
Income from Interest income 4,947 - - 4,947 901
investments: Dividend income - - - - -
Rental and leasing income - - - - -
Other - - - - -
Total 4,947 - - [ 4,947 901 ]
Separate - - - - -
material item - - - - -
of income: - - - - -
Total - - - [ - - ]
Other: 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 - - - [ - - ]
TOTAL INCOME 294,310 5,631 - 299,941 130,879
Other information:
The funds which are to be used in accordance with specific
All income in the prior year was unrestricted except for: (please
restrictions imposed by the donors primarly consists of the
provide description and amounts)
restriced fund of £5,631 for donation for a Buddhist orphanage
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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CC17a (Excel)

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Section C Notes to the accounts (cont)

Note 4 Analysis of expenditure

Meditation retreat
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
Books publishing
Premises costs
TOTAL EXPENDITURE
Total other expenditure
Depreciation
Finance cost		 Unrestricted
funds
Restricted
income funds
Endowmen
t funds
Total funds
Prior year
£
£
28,119 2,661 - 30,780 37,342
11,491
- 11,491 8,402
588 - - 588 851
5,000
5,000 25,898
42,930
- 42,930 34,633
- - - - -
88,128 2,661 - 90,789 107,125
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
6,455
- 6,455 1,662
- - - - 1,802
14,961
- - 14,961 16,029
191
- - 191 176
21,606
- - 21,606 19,670
109,735 2,661
- 112,396 126,795

Other information:

Analysis of expenditure on charitable activities

----- Start of picture text -----
Activity or Funding of Support Total this Total prior
Activities undertaken directly
programme activities Costs year year
£ £ £ £ £
Activity 1 Shan State Buddha Uni - education 13,987 13,987 11,920
Activity 2 Loi Longe Orphanage School 2,661 2,661 8,550
General religious activities; providing accomendation to
Buddhist monks, holding meditation retreats, attending
Other conferences and promoting buddhist studies etc.. 74,141 21,606 95,748 106,325
Total 90,789 21,606 112,396 126,795
----- End of picture text -----

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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.

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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

----- Start of picture text -----
Freehold land Other land & Plant, Fixtures, Total
& buildings buildings machinery and fittings and
motor vehicles equipment
£ £ £ £ £
At the beginning of the 1,755,262 - 41,660 41,394 1,838,315
year
Additions - - 6,726 6,726
Revaluations - - - - -
Disposals - - -
Transfers * - - - - -
At end of the year 1,755,262 - 41,660 48,119 1,845,041
6.2 Depreciation and impairments
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 100,006 - 29,358 33,052 162,416
Disposals - - - -
Depreciation 8,461 2,460 4,039 14,961

Impairment - - - - -
Transfers - - - - -
At end of the year 108,468 - 31,818 37,091 177,377
6.3 Net book value
Net book value at the 1,655,255 - 12,302 8,341 1,675,899
beginning of the year
Net book value at the 1,646,794 - 9,842 11,028 1,667,664
end of the year
----- End of picture text -----**

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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
£
£
- -
65,500 64,181
1,029 1,365
66,529 65,546

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Section C Notes to the accounts (cont)

Note 8 Creditors and accruals

Analysis of creditors

Analysis of creditors
Amounts falling due within Amounts falling due after
one year more than one year
This year Last year This year
Last year
£ £ £
£
Loans 15,000 46,000 45,088 65,088
Payable to Ven.Dhammasami 10,000 10,000
Total 25,000 56,000 45,088 65,088

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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
£
£
- -
- -
347,930 194,132
- -
347,930 194,132

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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 The Charity's exposure to credit risk is anticipated to be low risk (the risk of incurring a loss due to a debtor not paying as the only debtor that the Charity has in both 2023 and what is owed) , liquidity risk (the risk of not being able to 2024 relates to the gift aid claims from HMRC. The Charity meet short term financial demands) and market risk (the risk has surplus cash in the bank and have short or long term that the value of an investment will fall due to changes in the interest free borrowings from its devotees. therefore the market) arising from financial instruments to which the liquidity risk is relatively low. The Charity does not hold any charity is exposed at the end of the reporting period and investment assets in both financial years, 2023 and 2024. explain how the charity manages those risks. 10.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, The Charity does not have financial instruments in both investments (see section 11, FRS 102 SORP)) measured at fair financial years, 2023 and 2024. value through the SoFA that is attributable to changes in credit risk.

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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

----- Start of picture text -----
Fund balances Fund balances
Type PE, EE R
Purpose and Restrictions brought Gains and carried
or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General donations UR General 1,713,404 294,310 (109,735) 41,000 - 1,938,979
Purchasing a new premises that can facilitate
Park Farm Meditation Centre R meditation retreats. (loan balance) 101,088 - 41,000 - 60,088
Charity activities R Books publishing, health and education - 5,631 (2,661) - 2,970
- - - - - -
Other funds N/a N/a - - - - - -
Total Funds 1,814,492 299,941 - 112,396 - - 2,002,037
----- End of picture text -----*

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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

----- Start of picture text -----
Fund balances Fund balances
Type PE, EE R Purpose and Restrictions brought Gains and carried
or UR
forward Income Expenditure Transfers losses forward
Fund names £ £ £ £ £ £
General donations UR General 1,709,320 124,241 (118,245) - 1,912 - 1,713,404
Purchasing a new premises that can facilitate
Park Farm Meditation Centre R meditation retreats. (loan balance) 101,088 - - 101,088
Charity activities R Books publishing, health and education - 6,638 - 8,550 1,912 - -
Other funds N/a N/a - - - - - -
Total Funds 1,810,408 - 0 0 - 1,814,492
----- End of picture text -----*

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

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".

Accommodation
Other (please specify):
Travel
TOTAL
No trustee expenses have been incurred (True or False)
Type of expenses reimbursed
Subsistence		 £

This year		 TRUE
£
Last year

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.

Name of the trustee or
related party
Relationship to
charity
Description of the
transaction(s)
Amount
Balance at
period end
£
£
Mrs Saang Florin
Trustee
Loan
10,000
Dr. U Dhammasami
Trustee
Loan
10,000
10,000
£
There have been no related party transactions in the reporting period (True or False)
Provision for bad de
end		 Amounts
written off
during
reporting
period
£
FALSE
bts at period

The Charity owed an amount of £10,000 (2023- £10,000) to the Trustee, Mrs Saang Florin, as at 31 March 2024. The loan is interest free and repayable upon In relation to the transactions above, please provide the terms and her dealth whereby the Charity is liable for the cost of her funeral up to the conditions, including any security and the nature of any payment balance owed at that time. (consideration) to be provided in settlement. The Charity owed an amount of £10,000 to the Trustee, Dr. U Dhammasami as at 31 March 2024. 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).

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