WAT BUDDHARAM (LONDON TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2023 Charity No: 1109531
| Page | ||
|---|---|---|
| Trustees' Report |
2 —4 | |
| Independent Examiner's |
Report | |
| Statement of Financial | Activities | |
| Balance Sheet | ||
| Notes to the Accounts | 8 —14 |
| Notes | Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||||
| 6 | 6 | E | 6 | |||||
| Income | ||||||||
| Donations | 2 | 121,457 | 2,650 | 124,107 | 117,941 | |||
| Investment income |
30 | 30 | 19 | |||||
| Tota I Income | 121,487 | 2,650 | 124,137 | 117,960 | ||||
| Expenditure | ||||||||
| Cost of raising funds | 34,111 | 34,111 | 6,419 | |||||
| Expenditure on charitable |
activities | 44,701 | 44,701 | 71,013 | ||||
| Total expenditure | 3 | 78,812 | 78,812 | 77,432 | ||||
| Net income/( expenditure) |
and net | |||||||
| movement in funds |
for the | year | 42,675 | 2,650 | 45,325 | 40,528 | ||
| Reconciliation offunds |
||||||||
| Total funds, brought |
forward | 1,085,969 | 51,682 | 1,137,651 | 1,097,123 | |||
| Total funds, carried | forward | 1,128,644 | 54,332 | 1,182,976 | 1,137,651 |
| Notes | 2023 | 2022 | |||||
|---|---|---|---|---|---|---|---|
| f | 6 | ||||||
| Fixed assets | |||||||
| Tangible fixed assets |
1,031,919 | 1,034,281 | |||||
| Current assets | |||||||
| Debtors | 7 | 14,130 | 18,978 | ||||
| Cash at bank | and | in hand | 301,105 | 274,036 | |||
| 315,235 | 293,014 | ||||||
| Liabilities Creditors falling due within one year |
8 | ~25,234 | 16,441 | ||||
| Net current | assets | 290,001 | 276,573 | ||||
| 1,321,920 | 1,310,854 | ||||||
| Creditors; falling due after more than one year |
9 | (138,944) | (173,203) | ||||
| Net assets | 1,182,976 | 1,137,651 | |||||
| The funds ofthe | charity: | ||||||
| Unrestricted | funds | 10 | 1,128,644 | 1,085,969 | |||
| Restricted funds |
10 | 54,332 | 51,682 | ||||
| Total charity | funds | 1,182,976 | 1,137,651 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | ||
| E | E | E | E | ||
| Individual | donations | 121,457 | 2,650 | 124,107 | 115,941 |
| Other donations | 2,000 | ||||
| 121,457 | 2,650 | 124,107 | 117,941 |
| ANALYSIS | OF EXPENDITURE | ||||
|---|---|---|---|---|---|
| Raising | Buddhist | Total | Total | ||
| funds | temple | 2023 | 2022 | ||
| E | E | E | |||
| Costs directly allocated to activities | |||||
| Food and consumables | 1,388 | 1,388 | 576 | ||
| Donations | 19,560 | 19,560 | 38,420 | ||
| Fund raising | costs | 15,985 | 15,985 | 6,419 | |
| Supporting | costs (note 4) | 17,659 | 23,140 | 40,799 | 30,997 |
| Governance | costs (note 4) | 467 | 613 | 1,080 | 1,020 |
| 34,111 | 44,701 | 78,812 | 77,432 |
| General | Governance | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| support | function | 2023 | 2022 | ||||
| 6 | 5 | 6 | 6 | ||||
| Rent and rates | 3,153 | 3,153 | 3,255 | ||||
| Insurance | 5,023 | 5,023 | 4,832 | ||||
| Light and heat | 8,372 | 8,372 | 3,743 | ||||
| Travel and motor expenses | 5,414 | 5,414 | 4,809 | ||||
| Communication | 3,009 | 3,009 | 1,416 | ||||
| Subscription and license |
259 | 259 | 770 | ||||
| Computer support |
& I.T. | maintenance | 1,084 | 1,084 | 489 | ||
| Sundry expenses | 625 | 625 | 548 | ||||
| Repairs & renewals |
1,757 | 1,757 | 2,056 | ||||
| Depreciation | 2,363 | 2,363 | 2,713 | ||||
| Bank charges | 20 | 20 | 209 | ||||
| Legal and professional | fees | 564 | 564 | 150 | |||
| Mortgage interest |
9,156 | 9,156 | 6,006 | ||||
| Independent examiner's |
fees | 1,080 | 1,080 | 1,020 | |||
| 40,799 | 1,080 | 41,879 | 32,017 |
| NET INCOME | / | (EXPEND | ITURE) FOR THE YEAR | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f | 6 | ||||
| Net movement | in funds | is shown after charging: | |||
| Depreciation | on | tangible | fixed assets | 2,363 | 2,713 |
| Inde endent |
Examiner's | fees | |||
| Independent | examination | 660 | 600 | ||
| Other services | 420 | 420 | |||
| 1,080 | 1,020 |
| 6. | TANGIBLE FIXEDASSETS | ||||||
| Freehold | Furniture | & | Motor | Total | |||
| Property | Equipment | Vehicle | |||||
| COST | E | 6 | 6 | ||||
| As at 1st April 2022 | 1,028,516 | 38,011 | 41,995 | 1,108,522 | |||
| Disposals during the year |
|||||||
| Additions during the year |
|||||||
| As at 31st March 2023 | 1,028,516 | 38,011 | 41,995 | 1,108,522 | |||
| DEPRECIATION | |||||||
| As at 1st April 2022 | 36,449 | 37,791 | 74,240 | ||||
| Disposals during the year |
|||||||
| Charge for the year | 1,312 | 1,051 | 2,363 | ||||
| As at 31st March 2023 | 37,761 | 38,842 | 76,603 | ||||
| NET BOOK VALUES | |||||||
| As at 31st March 2023 | 1,028,516 | 250 | 3,153 | 1,031,919 | |||
| As at 31st March 2022 | 1,028,516 | 1,562 | 4,204 | 1,034,281 | |||
| 7. | DEBTORS | ||||||
| 2023 | 2022 | ||||||
| 6 | 6 | ||||||
| Prepayments | 4,130 | 3,692 | |||||
| Other debtors | 286 | ||||||
| Loans | 10,000 | 15,000 | |||||
| 14,130 | 18,978 | ||||||
| 8. | CREDITORS: Amounts | falling due | within one year | ||||
| 2023 | 2022 | ||||||
| E | f | ||||||
| Mortgage loan |
22,655 | 15,421 | |||||
| Other creditors | 1,499 | ||||||
| Accruals | 1,080 | 1,020 | |||||
| 25,234 | 16,441 |
| 9. | CREDITO | RS; | Amounts falling d |
ue | after mo | re than one y | ear | ||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | ||||||||
| 6 | 6 | ||||||||
| Mortgage | loan | 138,944 | 173,203 | ||||||
| 138,944 | 173203 | ||||||||
| The mortgage | loan is secured on | the | freehold | properties. | |||||
| 10. | MOVEMENT | IN FUNDS | |||||||
| Balance as | Balance as | ||||||||
| at 01/04/2022 | Income | Expenditure | at 31/03/2023 | ||||||
| 6 | 6 | 6 | |||||||
| Unrestricted | funds: | ||||||||
| General | funds | 1,085,969 | 121,487 | 78,812 | 1,128,644 | ||||
| 1,085,969 | 121,487 | 78,812 | 1,128,644 | ||||||
| Restricted | funds: | ||||||||
| Education | in Thailand | 37,701 | 37,701 | ||||||
| New temple | 13,981 | 2,650 | 16,631 | ||||||
| 51,682 | 2,650 | 54,332 | |||||||
| Total funds | 1,137,651 | 124,137 | 78,812 | 1,182,976 | |||||
| Movement | in | funds —previous | year | ||||||
| Balance as | Balance as | ||||||||
| at 01/04/2021 | Income | Expenditure | at 31/03/2022 | ||||||
| 6 | 6 | F | |||||||
| Unrestricted | funds: | ||||||||
| General | funds | 1,045,848 | 117,553 | 77,432 | 1,085,969 | ||||
| 1,045,848 | 117,553 | 77,432 | 1,085,969 | ||||||
| Restricted | funds: | ||||||||
| Education | in Thailand | 37,701 | 37,701 | ||||||
| New temple | 13,574 | 407 | 13,981 | ||||||
| 51,275 | 407 | 51,682 | |||||||
| Total funds | 1,097,123 | 117,960 | 77,432 | 1,137,651 |
| ANALYS | IS OF NET ASSETS BETWEEN FUNDS | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | Funds | 2023 | |||
| 6 | 6 | 6 | |||
| Tangible | fixed assets | 1,031,919 | 1,031,919 | ||
| Current | assets | 260,903 | 54,332 | 315,235 | |
| Current | liabilities | (25,234) | (25,234) | ||
| Long term liabilities | (138,944) | (138,944) | |||
| 1,128,644 | 54,332 | 1,182,976 | |||
| Analysis | of net assets between funds —previous | year | |||
| Unrestricted | Restricted | Total | |||
| funds | Funds | 2022 | |||
| 6 | f | f | |||
| Tangible | fixed assets | 1,034,281 | 1,034,281 | ||
| Current | assets | 241,332 | 51,682 | 293,014 | |
| Current | liabilities | (16,441) | (16,441) | ||
| Long term liabilities | (173,203) | (173,203) | |||
| 1,085,969 | 51,682 | 1,137,651 |