REGISTERED COMPANY NtJMBER: 05403805 (Engl8d and W81¢5) REGISTERED CHARITY NUMBER- A109242 REPORT OF THE TRUSTEES AND UNAUDrrED FI]¥ANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 21121 FOR JAMY ANG BUDDHIST CENTRE LEEDS {A COMPANY LIMITED BY GiJARANTEE) JAFYNYP4• 2611012021 COMPANIES trIOUSE Harrrson & Co Chartered Accountsnts 531 tknby Dale Road We Calder Grov¢ Wakefield W¢st Yorkshire WF4 3ND A14
JAMY ANG BUDDEllsf CENTRE LEEDS CONTENTS OF THE FINANCJAL STATEMENIS FOR THE YEAR ENDED 31 JULY 2021 Page Report of the Trnstees Independtnt Examiner's Report Sta¢emen¢ of Finan¢il A¢tivitits B#lD¢¢ Sheet 5 to 6 Notes to the FiTranci7é1 Sttements 7 to 14 Delikd St*t¢rnent ofFinancial Aeiiyities 15 to 16
JAMYANG BUDDHisf CENTRE LEEDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 The truste¢s who are also dirxtors of the tharity for the Purp of th¢ corDpanEs Act 2th)6, pr¢sent their report with Ihe fancial stat¢ments of the charity for the y¢ar ¢nd¢d 31 July 2021. The Ie¢S have adopted ihe provision5 of Accouniing and Reporting by Charities: Swemeni of Recommended Practice applicabl¢ to charities preparing their CCOUDts in accordance with the Finallcial Rewtllig Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019). OBJECTIVES AND ACTlVTrS The charity's aims are to pr(Knote wellbein& medimion and public benefit in accordance Buddhisi principle5, and th¢ preservation of the Buddhist Mahayana tradition througbout the north of England and e15ewh¢re. In order to lfill our aims. we have develOd a substamial Set of offerings to the local and wider mTnunity, including a shop and café. space foy hire and offirxs let to complementary organisaiions. We a150 offer a wbole progrdTntDe of Buddhisl classes aTKI wellbeing activities. The ongoing pandernic and continued restriction5 presented us with a ¢halleng¢, however we remaifted open In line with government gu?delines as much we could in order provide support to those who needed it most locally. Classe5 ljad moved onlin¢ and they bave continued to be delivered successfully to a wider audience across th¢ UK and beyond. We made best use of th¢ bui]din8 being under-used during confinements to develop it further and increase the usable space in supwrt of the c¢ntr¢s ¢h8ritable aims. Once we could r¢open in th¢ autuw we [noV to a blended appro¥h to the dElivery of cl$¢5. The additiooal space available allowed us to maximise th¢ use of space for hire and make up for some of the 105se5 incurred from our income generdting activiti¢5 during confujements. This necessitated the appointTnent of a new member of stsff to grow and develop the are& The finon¢ial po$ilion remains stron& and the building repTesents a huge 18set with great potential. Links wath the local cornmunity and the city are developing well. We are confident we can continue io gTOW and develop our activities in order tt* fulfill our ¢haritsble aims and becom¢ a well established regional and national provider FJNANCIAL REVJEW Restrves policy It is the current policy of the charity to maintsin reserves &t a lev¢1 whitb equates to at least 3 rnonths of unrestri¢t ¢xpenditure. This provides sufficient funds to cover both rnaAagernent and administrative costs whilst incorporating a eoniingency sum lo cover any un¢xpect¢d ¢osts. This wlicy is reviewed each year by both direaots and STRUCTURE, GOVERNANCE AND MANAGEMENT Governing doeument The charity is Controll by its goveming documen4 a deed of and constinlles a limited company. Itmited by guarantee. as d¢fin¢d by the Cotnpanies Act 2006. Further infonnation can be found in the MemoraTrdurn and Articles of A55(Ki&tion os incorp)rnt¢d on 24th MCh 2005. REFERENCE AND ADMINISTRATIVE DETAIIS Registered Cofflpany nvmbtr 05403805 (England and Wales) Registered Charity number I109242 Pag¢ I
JAMY ANG BUDDHIST CENTRE LEEDS REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 JULY 2021 Regi$tered offi¢e Clyde Works Ingram Road l£eds West Yorkshire LSII 9RQ Trustees Ms R C Field Homeopath (re5isned 7.1020) Dr M J J Leconte Retired Mr K Lunn Retired (resigned 7.10.20) Ms C A Martindale Trust¢¢ (appointed 7.10.20) Mr D J Midgley Charity Administyator (resigned 1.5.21) Mr U Park Lecturer Mr J Simpson House Manager Mr A P Bowiey Landscape tksigner (appointed 7.10.20) Independent Ex•miner Sherice Parfitt ACCA Harri50n & Co Chartered Accountsnts 531 Denby Dal¢ Road W¢5¢ Calder Grove Wakefield W¢st YoTk5hire WF4 3ND Bathkers The Co-operative Bank PO Box 250 Skelmer&lale WN8 6WT This report has been Prepared in accotdaDce with the 5peciak provisio of Part 15 of the Companies Act 2006 relating to small companie& Approved y order of the t*)ard of trustees OD 18 October 2021 and sId on its behalf by: Dr M J J LecoDte- Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRuEEs OF JAMYANG BUDDHIST CENTRE LEEDS Independent examiner's report to the tnisttts of Jarnyang Buddhlst Centre L*fds ('Ihe Company,) I report to th¢ ¢harity trustees on my erdmination of the accounts of the Company for ihe year ended 31 July 2021. Responsibilities aTrd basis of rtport As the charity's trust¢es of the Company (and also its directors for the purposes of company law) you ar¢ r¢sponsible for the Preparation of the accounts in arwdance with ihe requirements of the Companies Act 2006 (the 2006 Acr). Having satisfied myself that th¢ accounts of th¢ Comwy are not required to Ix audiied under Part 16 of the 2006 Act and are eligible for independent examiDation. I report respect of my examinlon of your charity's a¢Gounts as carri¢d out under section 145 of the Chariti¢s Act 201 1 Cthe 2011 Act). In carryin8 Out my exaMin10n I have followed the Direction5 given by the Clwity coll1$510 under section 145(5) (b) of the 2011 ACL Independent exarniner's ststement I have completed my examinaÈion. I confim) 00 matters have come to my attention in connection with the exaMinlOn giving rn¢ cause to believe- accounting rttords were not in respect of th¢ Company as Tequired by section 386 of the 2¢)06 ACE or th¢ accounts do not accord with those records" or the accounts do not comply with the accounting requirements of se10n 396 of the 2006 Act other than any requirement thai the accowits giv¢ a true and fair which 1$ not a matterconsidered &5 part of an independent examinatil)EL' or the accounts have Tt b¢¢n Prepared in accordance with the meth(Mls and principl¢s of th¢ Ststem¢nt of Recommended Pra¢tic¢ for accounting and rep)rting by ¢bartiies (applicabl¢ to charities preparing their accowits in accordance with lh¢ Financial Reporting std8¥d applicable in th¢ UK aTKI Republic of Ireland (FRS 102)). I have no concerns and have come across no other matteTS in conne10 with the eXamin10n to whrch attention should be drawn ID this r¢port in order to ¢Dable a proper underaaftding of the accounts to be reached. Sh¢rice Parfitt ACCA HatTiSOn & Co Chartered Accountants 531 Denby Dale Road We Coldei Grove Wakefield West Yorkshire WF4 3ND 18 October 2021 Page 3
JAMY ANC BUDDHIST CENTRE LEEDS STATEMENT OF FINANCIAL A1v1T[Ls FOR THE YEAR ENDED 31 JULY 2021 2021 Toral fimds 2020 Total fvnd Notes INCOME AND ENDOWfvIENfs FROM Donatitins and legacies 52.807 257 53.064 57,021 Charitable aetivities General 38.084 38.084 34,641 Other trading activitie$ Investsneni incorn¢ 43.701 43,701 21 38,808 43 Total 134.613 257 134.870 130,513 EXPENDITURE ON Raising funds 18.527 1.875 20.402 35.484 Charltsble activities General 9.923 102,889 69,498 Totgl 111.493 11.798 123291 104.982 NET INCOMEI(EXPENDITURE) 23.120 {11.541) 11.579 25.531 Tr8nsfers between funds 15 (11.541) 11,541 Net movement in funds 11.579 11,579 25.531 RECONCILIATION OF FUNDS Totsl funds brought forward 61.640 228.892 290.532 265,001 TOTAL FUNDS CARRIED FORWARD 73.219 228,892 302,111 290,532 The notts form port of these financial stateTnents Pag¢ 4
JAMYANG BUDDHisf CENTRE LEEDS BALANCE SHEET 31 JULY 2021 2021 Totsl funds 2020 Total funds Unrestrided Restricted fijnd fithd N(es FIXED ASSETS Tangible assets 54.940 454.946 410,260 CURRENT A&8ETS Stocks D¢btOTS Cash ai bank 10 38,300 3,761 59.588 38.3(Kl 3,761 59,947 1,51JO 2,937 88.593 359 101.649 359 102,008 93,030 CREDITORS Amounts falling due within one year 12 (50,043) (11,628) (61,671) (6.097) NET CURREJ¥T ASSETS 51.606 (11269} 40,337 86.933 TOTAL ASSETS LE CURRENT LIABILITIES 106.552 388.731 495283 497.193 CREDITORS Amounts falling due after more than one year 13 (33.333) (159.839) (193,172) (206,661) NET ASSE13 73.219 228.8g2 302.111 290.532 FUNDS Unrestrided funds R¢strJdtd fithds 15 73.219 228.892 61,640 228.892 TOTAL FUNDS 302,111 290.532 The charitable company is entitled to exemption from audit under Sxtion 477 of th¢ Companies Act 2(M)6 for ye4r ended 31 July 2021. The members have noi required the company to obtsin an auth"t of its fmancial statements for the year ended 31 July 2021 in accordance with Section 476 of the Companles A¢t 2006. The trustees a¢knowledge their responsibilities for (a) ensuring that the charitsble company keeps accounting records that C4ynpty with Sectiorts 386 and 387 of the Companies Ad 2(KJ6 and preparing financial statements whith give a true and fair view of the sts of affairs of the charithble company a5 the end of each fiDan¢ii1 year and of its surplus OT deficit for each financia] year in aOrdance with the requtrements of Secti005 394 and 395 and which irtherwise comply with the r¢qutr¢m¢nts of th¢ Comp4nies A¢t 2006 r¢lattllg to fmancial sraternents. $0 far a8 applrcable io the charitable compaBy. (b) The notes fom) part of these financial sts1emts Page 5 ¢ontinued...
JAMYANG BUDDHIST CENTRE LEEDS BALANCE SHEET- con¢i•u¢d 31 JULY 2021 These financial 5tatem¢nts have been prepared in xcordance with the provÈ$ion$ applicable to charitsble cornpanies subject io ihe small comkMnie5 r¢gime. Tbe financial statements were 4)pn)ved by the Board of Trwtee5 aDd authorised f(x iswe on 18 (ktober 2021 and wetr signed on its behalf by.. YOLam Dr M J J L¢conte- Trustee The notes forni of these financial statements Page 6
JAMYANC BUDDFUST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2021 ACCOUNTING POLICIES Basis ol preparing the financial statern¢nts Th¢ financial statemenis of the charitable compary. wthich is a public nefft entity under FRS 102. have been prepared in accordance with the Chariiie5 SORP (FRS 102) 'Accouthing and R¢porting by Charities.. Statement of Recommended Practice applicable to charities preparing their accounts in attordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective l January 2019),, Financial RepoTting Standth 102 Tr Financial ReFQrting StsAdard applicable io the UK and Republic of Ireland. and the Companies Act 2006. The fina181 sthtements have been prepared under the historical cost conveniion. Incoffle All income is recoplised in the Stst¢TrJeni of Financial Activities on¢¢ the charity has entitlement to the funds. it is probable that the income will received and the 8mount can b¢ m¢y5 reliably. Expenditure Liabilicies are 0%[sed as expendittlre as soon as the is a legal or constructive obligation committing th charity to rhat expeDditur¢, il is probable that a transfer of econornic beDefits will be required in s¢ttlem¢nt and the amount of the obligation can be measured reliably. Expenditure is accounted for on an awruals basis and has been classified under headings that aggregate all c05t relaied to the cagory. Where costs cannot be directly attributed to particular headings they have been alliKaled to activtiies on a basis consistent with the use of resource5. Grants offered subject to Gonditions whith h8v¢ not been met * tt ye4r ¢nd date noted &5 & comrnilment but not accrued as expenditure. Tangibl¢ fixed assets Depreciauon 15 provided at the following annual rates in order to wri off each assei over its estimated usefijl Library Fixtures and fittings Compuler equipmem 5% cost IOYO on r&lucing balance 25% on re&JciDg balance Stoeks Stocks are valued at the lower of cost and nei realisable value, after making due allowarKe for obsolete and slow moving items. Taxation The charity is exempt from ¢OTporation lax on Tts charitsble activiti¢5. Fund af¢ountine Unrestricted funds can be used in accordance with th¢ clwitabl¢ obje¢tives * the dis¢r¢tion of the twsteeg. Restri¢ted fim(L% can onty be used for particular restrictfyl pu4y)sts within the Obje of the charity. Restriciions arise wh¢n Splfied by the donor or when ful are raised for particular restricred purposes. Further explanation of the Datyre and purw)5¢ of each fund 15 iDclud¢d in the nos io the fiJ)an¢ial statements. Hire purchase and leasing eommitnnts Rentals paid under operaling leases are charged to the Stament of Financial Activiiies on a straight line basis over the period of the lease. Pensiort eosts and other wjst_retirement benefits The chaTitabl¢ cotllpally operates a d¢fin¢d ¢¢)ntribution F¢n5ion scberne. Contributions payable to thE cbaritsble mpany's pension s¢h¢me are chaTged to th¢ Siatement of Finw]¢ial A¢tiYities in the peri to whi¢h they relatr. ¢ontinu¢d...
JAMY ANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS- eontimued FOR THE YEAR ENDED 31 JULY 2021 OTHER TRADING AcrJvrriES 2021 2020 Café, shop and rental 43.701 38,808 INVESTMENT INCOME 2021 2020 D¢FQSit account int¢re5t 21 43 RAIS]I¥G FUJ¥DS Inves¢rnent management costs 2021 2020 Propetfy reps and maint¢nan¢¢ 5.680 10.074 NET INCOMEI(EXPEfiDITURE) Net resource5 are stst¢d after charging {editIng):_ 2020 2019 D¢pr¢ciation 945 1,128 TRUSTEES. REMUNERATION AND BENEFITS Th¢re were tru$te¢s' remuneyation or other Ixnefits for the year ended 31 July 2021 nor for the year ended 31 July 2020. Truste¢$' expenses There were no trusltts, ¢xpeffj¢s paid forth¢ ye¥r eNled 31 July 2021 nor for th¢ year ended 31 July 2020. STAFF COSTS Th¢ averdge monthly number of employees duritig the year w&$ as foll 2021 2020 Support Staff No employees received emoluments in excess of £60.CiKI. continued...
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL STATEMENTS- coii¢inu¢d FOR THE YEAR ENDED 31 JULY 2021 COMPARATIVES FOR THE STATEMENf OF FINANCIAL AtVrriEs Unrestyicted Restyicted Total tNCOi¥fE AI¥D ENDOWMENTS FROM Donations and legaci¢5 55,025 57.021 Charitsble *ctiviti¢5 General 34.641 34,641 Other trading activities Investmenr tn¢oEne 38,808 43 38.808 43 Totsl 128.517 130.513 EXPENDITURE ON Raising fwids 29.627 5,857 35,484 Charitable activities General 61.543 7.955 69,498 Total 91.170 13.812 104,982 NET INCOMEI(EXPEIYDfnJRE) 37J47 {11.816) 25.531 Transfers between fw•ds (11248) 11248 Net movement in funds 26.099 (568) 25,531 RECONCILIATION OF FUNDS Total fuThds brought fonv8rd 35541 229.460 265,001 TOTAL FUNDS CARRIED FORWARD 61.640 228,892 290,532 Page 9 continu...
JAMY ANG BUDDHIST CENTRE LEEDS NOTLS TO THE FINANCIAL STATEMENTS- ¢on¢ift¥¢d FOR THE YEAR ENDED31 JULY 2021 TANGIBLE FIXED ASSETS Improvements to prortY Fr¢¢h(Trld Library COST At l August 2020 Addltions 4LM),IX)O 5,032 833 37.984 At31 July2021 4.Th)0 37,984 5,865 DEPRECIATIOIY At l August 2020 Charge for year I,(K)6 294 At31 July2021 1.300 NET BOOK VALUE At31 Juty2021 4(M).IM)O 37,984 4.565 At 31 July 2020 4(K).tK)O 4,026 Fixture5 Computer equipment fittinss Totals COST At l August 2020 Additions 14,910 4,142 1.630 4,078 421,572 47,037 A¢31 July2021 19.052 5.708 468.609 DEPRECIATION At l Augusi 2020 Charge for year 8,676 1.038 1.630 1.019 11.312 2JS1 At31 July2W21 9,714 2.649 13.663 NET BOOK VALUE At31 July2021 9.338 3,059 454,946 At 31 Juty 2020 6234 410,260 Pag¢ IO conttnued...
JAMY ANG BUDDHIST CENfRE LEEDS NOTES TO THE FINANCIAL STATEMENTS- continwed FOR THE YEAR ENDED 31 JULY 2021 io. STOCKS 2021 2020 Finished goo(Lq 38.300 1.500 ii. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 2020 Trade debiors h¢r d¢btors 824 2.937 2,937 3.761 2.937 12. CREDITORS: AMOUNTS FALLING DUE WTfHtN ONE YEAR 2021 2020 BaTLk loaDS and overdrafts (see note 14) Social Security and other taxes Other cr¢ditOTS Accruals and deferred inc(¢ 6.667 23 4,806 1.268 16,794 38,210 61.671 6.097 13. CREDITORS: Amk ouNrs FALLIJ¥G DUE AFfER MORE THAN OIYE YEAR 2021 2020 Bank loans (see note 14) Oth¢r ¢rediEors Other creditors 33,333 46.512 113,327 40,000 48.193 118.468 193.172 206,661 14. LOANS AD analy515 of th¢ Matilty of loans is given below. 2021 2020 Amowjts fa]iing due within one year ort demand: Bank loans 6,667 Amounts falling due beTh¥¢¢n and fiv¢ years: Bank loan5- 2-5 yea 33.333 40.000 Page 11 ontinued...
JAMYANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL ATEMENs- Ctin¢d FOR THE YEAR ENDED 31 JULY 2021 15. MOVEME14T IN FUNDS Net movemeni in fidS Transfers betw¢¢n fjjnds At 31.7.21 At 1.8.20 Unrestri¢t¢d fuM(ts General fid 61.640 23.120 {11.541) 73,219 Restricted funds Restricted Fund 228.892 (11.541) 11,541 228,892 TOTAL FUNDS 290.532 11,579 302,111 Net movemeni in fund4 included in the above ar¢ &$ follows: Incoming Resources Movement exp¢nded Unrestricted funds General fund 134.613 (111.493) 23,120 Restricted funds Re5trithd Fund 257 (11,798) (11.541) TOTAL FUNDS 134.870 (123291) 11,579 Cornparative5 for movemettt in fthds Transfers movernent ID fi5 At 31.7.20 At 1.8.19 fimds Unrestricted fvnds G¢n¢ral filnd 35.541 37.347 (11,248) 61,640 Restricted fndS Restri¢i¢d Fund (11.816) 11,248 228,892 TOTAL FUNDS 265.001 25.531 290,532 Page 12 ontinu¢d...
JAMY ANG BUDDHIST CENTRE LEEDS NOTES TO THE FINANCIAL sfATEMENTS- coTrtinu¢d FOR THE YEAR ENDED 31 JULY 2021 15. MOVEMENT IN FUNDS- contimu¢d Comparative net movement in fifftd& included in the above are as follows: Inc{]8 Resotsrces ¢xpended Movement in fvnds Unrestrieted fndS GeEJerdl fithd 128,517 (91.170) 37,347 Regtrieted funds Restricted Fund {13.812) (11,816) TOTAL FUNDS 130.513 (104,982) 25,531 A current year 12 month$ and prior year 12 months combined FK>5ition is ¥s follows.. Net movement in fund4 Trnnsfers betw¢¢D funds At 31.7.21 At 1.8.19 Unr¢stri¢ted fndS Generdl fund 35.541 fA).467 (22.789) 73.219 Re5trirted funds R¢5triGt¢d Flhud 229,460 (23,357) 22.789 228.892 TOTAL FUNDS 265.(N)I 37.110 302.111 A current year 12 t]M)nths and Prior yw 12 months C¢Mnbin¢d n¢t movemeth its funds, included in the above are as follows.. ]ncotning Resources expended Movenxnt in fid5 Unrestricted funds General fund 263.130 (202.663) 60,467 Restricied funds Restriaed Fund 2253 125.610) (23,357) TOTAL FUNDS 265.383 (228.273) 37.110 Page 13 onlinued...
JAMY ANG BUDDHi&f CENTRE LEEDS NOTES TO THE FINA14CIAL STATEMENTS- continued FOR THE YEAR ENDED JI JULY 2021 16. RELATED PARTY DISCLOSURES There were no relatrd party transactions for th¢ yw eNl¢d 31 July 2021. Pag¢ 14
JAMYANG BUDDHIST CENTRE LEEDS DETAILED sfATEMENT OF FINANCIAL AcfiviTIES FOR THE YEAR ENDED 31 JULY 2021 2021 2020 I]YCOME AND ENDOWMENTS Donations and leycies Donations and gifts Ev¢nts Gift aid Building a conJrnwJty income 40,122 8,041 3,875 1.026 31.0 13.669 10,264 1,996 53.064 57.021 Other trading artivities Café. shop and r¢nthl 43.701 38.808 Ynves¢ment ineome Deposit account interest 21 43 Charitable aetiviti Grants 38,084 34,641 Totsl Incomlng resource5 134.870 130.313 EXPENDITURE Other.tr8ding aeiivities Café, shop and rental Events Building a community expenses Holy.objects 7,314 5.533 1,235 12,464 7,089 5.857 14.722 25,410 Investrnent management costs Property rep5 and maintenance 5,680 10.074 ChAritabl¢ a¢tiviti¢s Donation5 paid 5.012 2,593 Support ¢osts Finance Bank charges Mortgage 420 9.923 307 10,161 10,343 10.468 Other Wages Pensions Rates and water Carried forward 50,174 890 2,371 53.435 28.560 334 5,521 34.415 This page does not fonn part of the 5tstut(Ky financial sements Page 15
JAMYANG BUDDHIST CENTRE LEEDS DETAILED STATEMEiYf OF FINANCIAL AcfKVITILS FOR TKE YEAR ENDED 31 JULY 2021 2021 2020 Oth¢r Brought fotward Insuran¢¢ Light and heat T¢lephone Postage and stytionery Sundries Depreciaiion of tangible fixed awts 53,435 7,455 5.734 2.015 2,416 5,381 2,351 34,415 6.424 5.648 2,233 2,558 2.213 945 78.787 54,436 Governanee costs Acctsuntancy and legal fees Professional fees Legal fees 2.304 336 6,107 .680 321 8.747 2,1 Totsl resources expended 123,291 104,982 Net income 11.579 25.531 This pag¢ does not fornj of th¢ sklutory financial statements Page 16