Registered charity number 1110396 The Dhammadhipati Vihara (London) Annual Report and Accounts 31 March 2021 ## **The Dhammadhipati Vihara (London) Charity Information For the year ended 31 March 2021** **Trustees** U Adiccavamsalankara (Chair of Trustees) Dr Kyaw Thet Tun Sandarwara Sandarwara Timothy Than Htoo Khin Dr Kyi Toe **Charity Number** 1110396 **Registered address** 2 Sutton Road Hounslow London TW5 0PF **Bankers** HSBC Bank 127 High Street Hounslow Middlesex TW3 1QP Barclays Bank PLC Richmond Leicestershire LE87 2BB **Reporting Accountants** Zar Ni Soe 122 Hillcross Avenue Morden SM4 4EG Page| 1 ## **The Dhammadhipati Vihara (London) Trustees' Annual Report For the year ended 31 March 2021** The trustees present their report for the year ended 31 March 2021. The financial statements comply with current statutory requirements and the Statement of Recommended Practice: Accounting and Reporting ## **Structure, governance and management** The Dhammadhipati Vihara (London) is governed by its constitution which was adopted on 24 April 2005 and was registered as a charity by the Charity Commission for England and Wales with registration number 1110396 on 11 July 2005. The name of the Trustees who served during the year are shown on page 1 of these financial statements. They meet at least quarterly. ## **Objectives and activities** The objects of the charity are for the furtherance of any religious and charitable purposes in connection Kyaung) for the benefit of Burmese community in England. ## **Financial review** The Dhammadhipati Vihara (London) income in the year totalled £35,023 (2020: £61,253) and total expenditures were £22,941 (2020: £25,924). The net increase in funds in the year was £12,082 (2020: £35,329). Total reserves held at 31 March 2021 were £283,547 (2020: £271,465). All of the Trust's funds are unrestricted and can be used in accordance with the objectives of the Trust. ## **Risk Assessment** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **Taxation Status** As a charity utilising all of its net income for charitable purposes the Trust is exempt form income tax, corporation tax and capital gains tax. This report was approved by the trustees on _____________ and signed on its behalf by: ## **Ven U Adiccavamsalankara Chair of Trustees** Page| 2 ## **The Dhammadhipati Vihara (London) Independent Examiner's Report For the year ended 31 March 2021** I report to the trustees on my examination of the accounts of The Dhammadhipati Vihara (London) for the year ended 31 March 2021. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’). | 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. I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do 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. ## **Zar Ni Soe FCCA** Independent Examiner Accountants 122 Hillcross Avenue Morden London SM4 4EG Date: Page| 3 ## **The Dhammadhipati Vihara (London) Statement of financial activities For the year ended 31 March 2021** |**Notes**
**Income**
**Income from generated funds:**
Voluntary income
**2**
Investment income
**3**
**Total Income**
**Expenditure**
**Cost of generating funds:**
Cost of generating voluntary income
**4**
**Charitable activities**
Religious Activities
**Other expenditure**
**Total expenditure**
**Net income and net movement of funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**31 March 2021**
**31 March 2020**
**Unrestricted**
**Total**
**Funds**
**Funds**
**£**
**£**
34,997
61,173
26
80
**35,023**
**61,253**
17,289
17,853
900
2,070
4,752
6,001
**22,941**
**25,924**
12,082
35,329
271,465
236,136
**283,547**
**271,465**| |---|---| The notes on pages 6 to 8 form part of these financial statements. The statement of financial activities includes all gains and losses in the year. All income and expenditure derive from continuing activities. Page| 4 ## **The Dhammadhipati Vihara (London) Balance Sheet As at 31 March 2021** |||**31 March**|**2021**|**31 March**|**2020**| |---|---|---|---|---|---| ||**Notes**|**£**|**£**|**£**|**£**| |**Fixed Assets**|||||| |Tangible assets|**5**||511,267||516,019| |**Current Assets**|||||| |Cash at bank and in hand||99,101||97,336|| |||99,101||97,336|| |Creditors: amounts falling due|||||| |within one year|**6**|(10,326)||(10,069)|| |**Net current assets**|||88,775||87,267| |**Total assets less current current**|||||| |**liabilities**|||600,042||603,286| |Creditors: amounts falling due after|||||| |more than one year|**7**||(316,495)||(331,821)| |**Net Assets**|||283,547||271,465| |**Funds of the Charity**|**8**||||| |Unrestricted funds:|||||| |General fund|||283,547||271,465| |**Total Funds**|||283,547||271,465| The accompanying notes are an integral part of the charity's balance sheet. The financial statements were approved by the Board of Trustees on ____________ and were signed on its behalf by: Ven U Adiccavamsalankara Chair of Trustees Page| 5 ## **The Dhammadhipati Vihara (London) Notes to the Accounts For the year ended 31 March 2021** ## **1. Accounting Policies** ## **a Basis of preparation** The financial statements have been prepared in accordance with 'Accounting and Reporting by Charities: Statement of Recommended Practice (FRS102)' published in July 2014, and applicable United Kingdom law and accounting standards. ## b **Going concern** The trustees consider that there are no material uncertainties about Charity's ability to continue as a going concern. There are no material undertainties affecting the current year's accounts. ## **c Income** All income are recognised once the charity has entitlement to the resources, it is probable (more likely than not) that the resources will be received and the monetary value of incoming resources can be measured with sufficient reliability. ## **Expenditure** Expenditures are recognised in the period in which they are incurred. Costs of generating voluntary income comprise the costs associated with fundraising. Charitable expenditure comprises the costs incurred by the charity in the delivery of its activities and services. Governance costs include those costs associated with meeting the statutory requirements of the charity. ## **d Tangible fixed assets and depreciation** Depreciation is charged on fixed assets so as to write them off over their expected useful lives at the following rates: Office Equipment 33% of cost per annum Fixtures & Furnishing 25% of cost per annum ## **e Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Resitricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donar or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes of the financial statements. ## **2. Voluntary Income** |Donations
Gift aid|**2021**
**2020**
**£**
**£**
34,997
48,039
0
13,134
34,997
61,173| |---|---| Page| 6 ## **The Dhammadhipati Vihara (London) Notes to the Accounts For the year ended 31 March 2021** |**3.**
**Investment Income**
Deposit account interest
**4.**
**Costs of generating voluntary income**
Rent, Rates and water
Light and heat
Lecture fee
Repair and Maintanence
Interest on mortgage
Professional fees
Insurance
Support costs
**5.**
**Fixed Assets**
**Freehold**
**building**
**£**
**Cost**
At 01 April 2020
510,791
Additions
-
At 31 March 2021
510,791
**Depreciation**
At 01 April 2020
-
Provision for year
-
At 31 March 2021
-
**Net Book Value**
At 31 March 2021
510,791
At 31 March 2020
510,791|**Plant and**
**machinery**
**£**
1,327
-
1,327
1,327
-
1,327
-
-|**2021**
**2020**
**£**
**£**
26
80
26
80
**2021**
**2020**
**£**
**£**
2,568
1,890
1,630
1,070
2,184
2,226
-
52
9,962
11,844
-
-
399
347
546
424
**17,289**
**17,853**
**Fixtures &**
**Fittings**
**Totals**
**£**
**£**
20,413
532,531
-
-
20,413
532,531
15,185
16,512
4,752
4,752
19,937
21,264
476
511,267
5,228
516,019| |---|---|---| Page| 7 ## **The Dhammadhipati Vihara (London) Notes to the Accounts For the year ended 31 March 2021** ## **6. Creditors: amount falling due within one year** ||||||**2021**|**2020**| |---|---|---|---|---|---|---| ||||||**£**|**£**| ||Bank loans||||10,326|10,069| ||||||10,326|10,069| |**7.**|**Creditors: amounts falling due**|**after one year**||||| ||||||**2021**|**2020**| ||||||**£**|**£**| ||Bank loans||||290,495|300,821| ||Other creditors||||26,000|31,000| ||||||316,495|331,821| |**8.**|**Movement in funds**|||||| |||||**Net movement**||| |||**At 01 Apr**|**2020**||**in funds**|**At 31 Mar 2021**| ||||£||£|£| ||**Unrestricted funds**|||||| ||General fund|271,465|||12,082|283,547| ||**Total funds**|271,465|||12,082|283,547| ||Net movement in funds, included in the above are as follow:|||||| |||**Income**|||**Expenditure**|**Movement**| |||||||**in funds**| ||||£||£|£| ||**Unrestricted funds**|||||| ||General fund|35,023|||(22,941)|12,082| ||**Total funds**|35,023|||(22,941)|12,082| Page| 8