2020-12-31-accounts

FOR	THE YEAR ENDED 31STDECEMBER 2020
		Page
	Reference and Administrative Details
	Trustees Annual Report	2-3
	independent Examination report
	Statement of Financial Activities
	Balance Sheet
	Notes forming part ofthe financial statements	7-11

Registered		charity number	charity number	1125332
Registered		company	number	06645102
Registered		Address		5A Buttercross	Lane
				Epping
				Essex
				CM16 5AA
Trustees				Mr. R Dennis (Resigned			6th July 2020)
				Ms J Andrews	(Appointed		11th		November	2020)
				Mr. Daniel Sheehan		(Resigned			12th November 2020)
				Mrs. S.Gillard
				Ms E Carroll
Company	Secretary			Stephen. R.W. Hope (Resigned					25th November		2020)
				Mr R Dennis (Appointed			25th	November		2020)
Bankers				HSBC				Virgin Money
				72 High Street				Jubilee House
				Maldon				Gosforth
				Essex				Newcastle		upon Tyne
				CM9 5ET				NE3 4PL
Independent		Examiner		Community360
				Winsley's House
				High Street
				Colchester
				Essex
				CO1 1UG
Solicitors				Foskett Marr Gadsby		& Head
				181 High Street
				Epping
				CM16 4BQ

				2020	2019
			Note	Total	Total
				6	6
Income and endowments	from:
Donations & Legacies				1,035	629
Charitable activities				60,101	79,527
investment income				280	347
Total incoming resources				61,416	80,503
Resources expended
Charitable activities				27,733	39,604
Raising Funds - Publicity Other				1,310 10,201	2,709 10,738
Total resources expended				39,244	53,051
Operating surplus				22,172	27,452
Gains and losses on investment		assets
Net Income				22,172	27,452
Net movement in funds				22,172	27,452
Funds at 1 January 2020				563,415	535,963
Funds at 31 December 2020				585,587	563,415

				2020	2019
			Notes	6
Fixed Assets
Tangible assets				800,000	800,000
Current assets
Stocks Debtors Cash at bank and in	hand			1,255 1,187 68,655	1,287 1,473 62,200
				71,097	64,960
Creditors: amounts	falling
due within one year				19,771	20,175
Net current assets/(liabilities)				51,326	44,786
Total assets less current		liabilities		851,326	844,786
Creditors: amounts	falling
due after more	than one year			(265,740)	(281,371)
Net Assets				585,587	563,415
Funds
Unrestricted Funds				284,587	262,415
Revaluation Reserve				301,000	301,000
Total Funds				585,587	563,415

2.	Investment	income	Total	Total
			2020	2019
			8	f
	Interest receivable		280	347
			280	347
3.	Charitable	Activities	Total	Total
			2020	2019
			F	K
	Catering costs		46	343
	Room hire		1,941	10,456
	Purchases	- Bookshop	177	956
	Finance
	Bank Charges		333	214
	Information	Technology
	Computer Software and internet costs		1,227	42
	Other
	Insurance		1,507	1,527
	Accountancy Fee		295	295
	Rates, light	and heat	6,444	6,280
	Telephone		535	413
	Miscellaneous
	Repairs and Maintenance		1,217	4,229
	Gardening	expenses	250	100
	Gompa expenses		2,867	2,708
	Sponsorship	expenses	10,260	11,519
	Houshold expenses		478	347
	Office Expenses		157	175
			27,733	39,604
4.	Other Recources Expended		Total	Total
			2020	2019
			F	k
	Bank Loan	Interest	10,201	10,738
			10,201	10,738

5.	Tangible fixed assets	Land &
		Buildings
	Cost
	As at 1 January 2020	800,000
	Additions
	As at 31 December 2020	800,000
	Depreciation
	As at 1 January 2020
	Charge for the year
	As at 31 December 2020
	Net Book Value
	As at 31 December 2019	800,000
	As at 31 December 2020	800,000
	Revaluations of Property
	Cost	499,000
	Revaluation in 2009	251,000
	Revaluation in 2012	50,000
		800,000

6.	Debtors		Total	Total
			2020	2019
			6	L
	Trade Debtors			190
	Prepayments	and accrued income	1,187	1,283
			1,187	1,473

Cash at B	ank and ln H	and					Total	Total
							2020	2019
							6	6
Halifax Deposit Account
Virgin Charity Deposit Account							60,567	54,286
HSBC Current Account							7,628	7,190
Petty Cash							461	724
							68,656	62,200
Creditors:	falling due	within		a year			2020	2019
								6
Bank Loans							17,200	17,200
Other Creditors							1,430	1,756
Accruals							618	685
Deferred Income							523	533
							19,771	20,175
Creditors:	falling due	after	more than		one year
Bank loans							265,740	281,371
Other Creditors
							265,740	281,371
Summary	of Funds
		Brought			Incoming	Outgoing	Gains I	Carried
		Forward 6			resources 6	resources 6	( Losses) 6	Forward f
Unrestricted			262,415		61,416	39,244		284,587
Revaluation	Reserve		301,000					301,000
			563,415		61,416	39,244		585,587

			Unrestricted	Unrestricted
12.Extended Statement of Financial	Activity		Total	Total
			2020	2019
			E	E
Incoming Resources
Donations &Legacies
Donations			858	528
Gift Aid			177	101
Investment Income
Bank Interest Received			280	347
Incoming Resources from Charitable		Activities
Sales Bookshop			248	1,336
Day Courses and Retreats			4,541	8,660
Study programme			23,805	37,583
Accommodation and utilities			31,506	31,948
Total Incoming Resources			61,416	80,503
Resources Expended
Raising Funds
Publicity
Advertising and poster displays			1,310	1,773
Poster, flyer and brochure costs				936
Other Resources Expended
Bank loan interest			10,201	10,738
Charitable Activities
Catering costs			46	343
Room hire			1,941	10,456
Purchases bookshop			177	956
Finance
Bank charges			333	214
Information Technology
Computer software and internet costs			1,227	42
Other
Insurance			1,507	1,527
Accountancy fee			295	295
Rates, light and heat			6,444	6,280
Telephone			535	413
Miscellaneous
Repairs and maintenance			1,217	4,229
Gardening expenses			250	100
Gompa expenses			2,867	2,708
Sponsorship expenses			10,260	11,519
Household expenses			478	347
Office expenses			157	175
Total Resources Expended			39,244	53,051
Net Income			22,172	27,453