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2021-04-05-accounts
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Page |
| Reference and Administrative |
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Details ofthe Charity, its Trustees and Advisers |
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Trustees'
Report |
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2-4 |
Independent
Auditor's |
Report |
on the Financial Statements |
5-8 |
| Statement of Financial |
Activities |
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| Balance Sheet |
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10 |
| Statement ofCash Flows |
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| Notes to the Financial |
Statements |
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12-21 |
| Trustees |
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Ms J Hollingbery, |
Treasurer |
Treasurer |
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Mr W R Templer, |
Chair |
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Mr R W J Hollingbery |
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| Charity registered |
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| number |
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1102974 |
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| Principal office |
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Little Halse |
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Hill Road |
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Sutton Veny |
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Wilts hire |
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BA12 7AT |
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| Independent |
auditor |
Royce Peeling Green |
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Limited |
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Chartered
Accountants |
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Statutory
Auditor |
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The Copper Room |
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Deva Centre |
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Trinity Way |
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Manchester |
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Mj 7BG |
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| Bankers |
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C Hoare 8 Co |
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37 Fleet Street |
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Temple |
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London |
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EC4P 4DQ |
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| Solicitors |
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Addleshaw
Goddard |
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Sovereign
House |
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PO Box8 |
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Sovereign Street |
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Leeds |
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LS1 1HQ |
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| Custodian |
Banker |
Edmond
De Rothschild |
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(Europe) S.A. |
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Boulevard
Emmanuel |
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Servais 20 |
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L-2535 Luxembourg |
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| Investment |
managers |
Edmond
De Rothschild |
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4 Carlton Gardens |
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London |
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SWIY 5AA |
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Unrestricted |
Total |
Total |
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|
funds |
funds |
funds |
|
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|
|
2021 |
2021 |
2020 |
|
|
|
Note |
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| Income from: |
|
|
|
|
|
|
Donations
and |
legacies |
|
|
1,127,759 |
1,127,759 |
1,446,468 |
| Investments |
|
|
|
2,396 |
2,396 |
1,033 |
| Total income |
|
|
|
1,130,155 |
1,130,155 |
1,447,501 |
Expenditure
on: |
|
|
|
|
|
|
| Raising funds |
|
|
5 |
34,043 |
34,043 |
45,436 |
Charitable
activities |
|
|
8 |
538,353 |
538,353 |
1,014,064 |
| Total expenditure |
|
|
|
572,396 |
572,396 |
1,059,500 |
| Net gains on investments |
|
|
|
94,030 |
94,030 |
4,149 |
| Net movement |
in funds |
|
|
651,789 |
651,789 |
392,150 |
| Reconciliation |
offunds: |
|
|
|
|
|
| Total funds brought |
|
forward |
|
719,288 |
719,288 |
327,138 |
| Net movement |
in funds |
|
|
651,789 |
651,789 |
392,150 |
| Total funds carried forward |
|
|
|
1,371,077 |
1,371,077 |
719,288 |
|
|
|
|
|
|
2021 |
|
2020 |
|
|
|
|
Note |
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| Current assets |
|
|
|
|
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| Debtors |
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|
12 |
56,977 |
|
56,500 |
|
| Investments |
|
|
|
13 |
550,000 |
|
|
|
| Cash at bank |
and |
in |
hand |
|
771,656 |
|
672,520 |
|
|
|
|
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|
1,378,633 |
|
729,020 |
|
| Creditors: amounts |
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|
falling due within one |
|
|
|
|
|
| year |
|
|
|
14 |
(7,556) |
|
(9,732) |
|
| Net current |
assets |
|
|
|
|
1,371,077 |
|
719,288 |
| Total net assets |
|
|
|
|
|
1,371,077 |
|
719,288 |
| Charity funds |
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Restricted
funds |
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|
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| Unrestricted |
funds |
|
|
|
|
1,371,077 |
|
719,288 |
| Total funds |
|
|
|
|
|
1,371,077 |
|
719,288 |
|
|
|
|
|
|
2021 |
2020 |
|
|
|
|
|
|
F |
|
| Cash flows from operating |
|
|
activities |
|
|
|
|
| Net cash |
used
in operating |
activities |
|
|
|
553,187 |
335,455 |
| Cash flows from investing |
|
|
activities |
|
|
|
|
Dividends,
interests
and rents from investments |
|
|
|
|
|
1,919 |
'/,033 |
| Proceeds |
from sale of investments |
|
|
|
|
1,221,789 |
300,796 |
| Purchase |
of investments |
|
|
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|
(1,127,759) |
(296,647) |
| Purchase |
offixed term investments |
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|
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|
(550,000) |
|
| Net cash |
(used in)/provided |
|
by investing |
|
activities |
(454,051) |
5,182 |
| Change |
in cash and cash |
|
equivalents |
in |
the year |
99,136 |
340,637 |
| Cash and |
cash equivalents |
|
at the beginning |
|
ofthe year |
672,520 |
33/,883 |
| Cash and cash equivalents |
|
|
at the end |
of |
the year |
771,656 |
672,520 |
| Unrestricted |
Total |
| funds |
funds |
| 2021 |
2021 |
| F |
F |
| 1,127,759 |
1,127,759 |
| Unrestricted |
Total |
| funds |
funds |
| 2020 |
2020 |
| 1,446,468 |
1,446,468 |
| Dividends |
|
| Investment |
income |
| Unrestricted |
Total |
Total |
| funds |
funds |
funds |
| 2021 |
2021 |
2020 |
| F |
F |
|
| 1,691 |
1,691 |
1,033 |
| 705 |
705 |
|
| 2,396 |
2,396 |
1,033 |
|
|
|
Unrestricted |
Total |
Total |
|
|
|
funds |
funds |
funds |
|
|
|
2021 |
2021 |
2020 |
| Investment |
management |
fees |
164 |
164 |
108 |
| Foreign exchange |
|
|
33,879 |
33,879 |
45,328 |
|
|
|
34,043 |
34,043 |
45,436 |
| Grants to |
Total |
| Institutions |
funds |
| 2021 |
2021 |
| F |
F |
| 524,307 |
524,307 |
| Grants to |
Total |
| Institutions |
funds |
| 2020 |
2020 |
| 1,002,666 |
1,002,666 |
| The chari |
ty has made |
the following
material
grants to instit |
utions
during
the year: |
|
|
|
|
2021 |
2020 |
|
|
|
F |
|
| Name of |
institution |
|
|
|
| Palpung |
Munishasan |
Dharmachakra |
395,726 |
970,243 |
| The Yongey Foundation |
|
|
128,581 |
|
| The 17th |
Karmapa |
|
|
32,423 |
|
|
|
524,307 |
1,002,666 |
|
|
|
524,307 |
1,002,666 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2021 |
2021 |
|
|
F |
F |
| Accountancy |
fees |
5,940 |
5,940 |
| Professional |
fees |
6,170 |
6,170 |
| Bank charges |
|
496 |
496 |
| Audit fees |
|
1,440 |
1,440 |
|
|
14,046 |
14,046 |
|
|
Unrestricted |
Total |
|
|
funds |
funds |
|
|
2020 |
2020 |
| Accountants |
fees |
1,200 |
1,200 |
| Professional |
fees |
7,602 |
7,602 |
Trustees
insurance |
|
810 |
810 |
| Bank charges |
|
346 |
346 |
| Audit fees |
|
1,440 |
1,440 |
|
|
11,398 |
11,398 |
| Unrestricted |
Total |
| funds |
funds |
| 2021 |
2021 |
| F |
F |
| 538,353 |
538,353 |
| Summ |
ary
by fund type (continued) |
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
funds |
funds |
funds |
|
|
2020 |
2020 |
2020 |
| Direct |
costs |
981,641 |
32,423 |
1,014,064 |
Auditor's
remuneration |
|
|
|
|
|
|
|
2021 |
2020 |
| Fees payable to the charity's |
auditor for the audit ofthe charity's |
annual |
|
|
| accounts |
|
|
1,440 |
1,440 |
|
2021 |
2020 |
|
F |
|
| Due within one year |
|
|
| Accrued interest receivable |
477 |
|
| Tax recoverable |
56,500 |
56,500 |
|
56,977 |
56,500 |
|
|
|
2021 |
2020 |
| Fixed |
term |
investments |
550,000 |
|
|
|
2021 |
2020 |
|
|
F |
|
| Other creditors |
|
4,745 |
4,745 |
| Accruals and deferred |
income |
2,811 |
4,987 |
|
|
7,556 |
9,732 |
|
|
|
|
|
|
|
|
|
|
2021 |
2020 |
| Financial |
assets |
|
|
|
|
|
|
|
|
|
|
| Financial |
assets |
measured |
at |
fair |
value |
through |
income |
and |
expenditure |
1,321,656 |
672,520 |
| Summary |
offunds - current ye |
ar |
|
|
|
|
|
|
Balance at 6 |
|
|
Gains/ |
Balance at 5 |
|
|
April 2020 |
Income |
Expenditure |
(Losses) |
April 2021 |
|
|
F |
F |
F |
F |
F |
| General funds |
|
719,288 |
1,151,893 |
(572,396) |
72,292 |
1,371,077 |
| Summary |
offunds - prior year |
|
|
|
|
|
|
|
Balance at |
|
|
Gains' |
Balance at |
|
|
6April 2019 |
Income |
Expenditure |
(Losses) |
5April 2020 |
| General funds |
|
294,715 |
1,447,501 |
(1,027,077) |
4,149 |
719,288 |
| Restricted |
funds |
32,423 |
|
(32,423) |
|
|
|
|
327,138 |
1,447,501 |
(1,059,500) |
4,149 |
719,288 |
| Analysis |
of n |
et ass |
ets |
between funds - current yea |
r |
|
|
|
|
|
|
Unrestricted |
Total |
|
|
|
|
|
funds |
funds |
|
|
|
|
|
2021 |
2021 |
|
|
|
|
|
F |
F |
| Current |
assets |
|
|
|
1,378,632 |
1,378,632 |
| Creditors |
due |
within |
one |
year |
(7,555) |
(7,555) |
| Total |
|
|
|
|
1,371,077 |
1,371,077 |
| Analysis |
of n |
et ass |
ets |
between funds - prior year |
|
|
|
|
|
|
|
Unrestricted |
Total |
|
|
|
|
|
funds |
funds |
|
|
|
|
|
2020 |
2020 |
| Current |
assets |
|
|
|
729,019 |
729,020 |
| Creditors |
due |
within |
one |
year |
(9,731) |
(9,731) |
| l |
|
|
|
|
719,288 |
719,288 |
|
|
|
|
2021 |
2020 |
|
|
|
|
F |
|
| Net income for the |
year (as per Statement |
|
of Financial Activities) |
651,789 |
392,150 |
Adjustments
for: |
|
|
|
|
|
| Losses on investments |
|
|
|
(94,030) |
(4,149) |
Dividends,
interests |
and rents from |
investments |
|
(1,919) |
(1,033) |
Increase
in debtors |
|
|
|
(477) |
(56,500) |
| (Decrease)/increase |
in creditors |
|
|
(2,176) |
4,987 |
| Net cash provided |
by operating |
activities |
|
553,187 |
335,455 |
|
|
2021 |
2020 |
| Cash |
in hand |
771,656 |
672,520 |
| Total |
cash and cash equivalents |
771,656 |
672,520 |
|
|
|
At 6April |
|
At 5April |
|
|
|
2020 |
Cash flows |
2021 |
|
|
|
|
F |
F |
|
|
|
F |
|
|
| Cash |
at bank and |
in hand |
672,520 |
99,136 |
771,656 |
| Liquid |
investments |
|
|
550,000 |
550,000 |
|
|
|
672,520 |
649,136 |
1,321,656 |