2021-12-31-accounts - Mahamevnawa International Meditation Centre

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FOR THE YEAR ENDED 31ST DECEMBER	202	1
		Note	Anrount	Amount
			'l I-Dec-21	31-Dec-20
FIXEDASSETS:
Freehold Propertes			1,073,342	I,OS1,700
Fixtures &.Fittings			10,558	17,829
Computers k. Equipment			11,397	16,816
Tangible Fixed Assets			1,095,2r)7	1,116,345
CURRENT ASSETS
Debtors		7	20,378	5,594
Cash at bank and in hand			194,601	232,910
Total Current Assets			214,979	238,504
CURRENT LIABILITIES
Creditors falling due within one year
NET CURRENT ASSETS			214,979	238,504
LONG TERM LIABILITIES
Creditors falling due after more than one year		8	(438,40S)	(511,801)
NET ASSETS			871,868	S43,048
FUNDS:
Unrestricted Fund		9	871,868	843,048
Restricted Funds
TOTALFUNDS			871,868	843,048
The financial statements on pages 8 to 15 were approved	by the Trustees on 18 Septentbcr 2022.
and signed on their behalfby:
rL
		Trustee (1)r Lahth P Ratnalke)

						2021	2020
						f	f
Net income / (expenditure) for	the reporting period					28,820	52,560
Adjustments for:
Depreciation						21,048	21,048
(Increase) / Decrease	in debtors					(14,784)	17,555
(Decrease) / Increase	in creditors					(73,393)	(24,667)
Net cash provided by (used in)	operating activities					(38,309)	66,496
Cash flows from investing activities:
Purchase offixed assets							(22,235)
Proceeds from sale of	fixed assets
Net cash provided by (used in)	investing activities						(22,235)
Change in cash and cash equivalents in the		reporting	period		10	(38,309)	44,261
Cash and cash equivalents at the beginning		ofthe reporting		period	10	232,910	188,649
Cash and cash equivalents at the end ofthe		reporting	period		10	194,601	232,910

2.Utilities and Maintenance	2.Utilities and Maintenance			2021	2020
Rent and Rates				5,060	8,873
Utilities				6.252	5,325
Other Maintenance	Costs			18,985	7,799
Depreciation				21,048	21,048
Mortgage Interest				13,621	15,960
Total				64,966	59,005
3.Dharnma Programmed	Activity
Dhamma Events &Promotion		Cost including	Hall Hire	132,251	103,768
Books and Publications					296
Total				»,200	104001
4.Travelling and Vehicle Cost
Travelling Including	Air Fare			6,850	7,327
Vehicle Expenses				1,165	820
Total				8,012	8.147

FOR THE YEAR ENDED 31ST	DECEMBER	2021
6.Tangible Fixed Assets	Freehold (alai	Buildmgs	Motor Vehicles	Furmture & Fittmgs	Computers & Equipment f	Total
Cost:
As at I Januaiy 2021	962,530	185,747	70,600	36,355	77,095	I 737 377
Additioiis
Disposals
As at 31 December 2021	962.530	l85,742	20,600	36,355	27,095	1.732,322
Depreclstioa:
As at I January 2021		(66,572)	(20,600)	(18,526)	( I0,279)	( I	I5,977)
Charge for the year		(8,358)		(7,271)	(5,419)	(21,048)
Disposals
As at 31 December 2021		(74,930)	(20,600)	(25,797)	(15,698)	(137,025)
Net Book Value
As at I January 2021	962,530	119,170		17,829	16,816	1,116,345
As at 31 December 2021	962,530	I I0,812		I0,558	I 1,397	l,095.297
7.Debtors &Stocks	2021		2020
			f
Refundable Deposits
Other Receivable	70,378		5,594
Total Debtors	70,378		5,594
8.Long Term Liabilities
Creditors falling due after more	than one year
	2021f		2020
Opening Balance	5I I,SOI		536,468
Additions
Repayinents	(73,393)		(24,667)
Closing Balance	438,408		511,801
9.Accumulated Fund
			2071		2020
	Unrestricted	Restricted	To(sf		Total
	f				f
Opemng Balance	843,04S		843,048		790,488
Net movement m funds	28.820		28,870		52,560
Closing Balance	871,868		871,868		843,048