REGISTERED CHARrrY NUMBER: 1141S09 R8w¢ ofth¢ Truste•9 and UnaudSt•d Flnanelal Statsments fDrth& Y•ar Ended 31 March 2023 ZHEM QUAI TANG TRUE BUDDHA SCHOOL 1st Fk Watetsidè Hwsg Wat8fBid& DrNe WKJan Lartcashire WN3 5AZ
ZHEN qVAI TANG TRUE BUDtXlA SCHTr)L Conten¢$ of the Hnancial Statements FOR THE YEAR ENDED 31 MARCH 2023 Pag• ROf•ren aml AdmInIstrnt D•tsi1s Report of the Tn Indep¢ndent Exwnlnerfs Report 8tatgm•nt of Flnanclal Actl¥btl•s Balance Sheet Notes t¢ th• Flnanekl Statèmithts 6 to 8 Detallod Statement of Flnanclal A¢tlvltl
ZHEN QUAI TANG TRUE BUDDHA SCHOOL R•forenee and Admlnlstrdlfv• Detals FOR THE YEAR ENDED 31 MARCH 2023 Trust•• Mr Hon Kuen Chow Mrs Mang Y8è Wr Mr Kin Man Fong Mrs Man Wan Chrm trs Yau Candy Y KYAI PrfJKlpal ad¢tress 29 SarKlerf5rvJ 1Ve Wigan Lancashlre WN7 1HU Rogistsr6d charlty numbgr 1141509 Independent•xamlnor NRB 1st Floor Wat8ts1d8 House Watevsllle Drn Wigan LarKa6hlre WN3 5AZ Pago 1
ZHEN QUAI TANG TRUE BUDDHA SCHOOL Rgport of thg Trust••s FOR THE YEAR ENDED 31 MARCH 2023 Thè twst898 Fxesent Ih61r fèporf the statem8nts of the rtBrity ihe year endad 31 IIArth 2023. Th8 tW8tses have adoptod ts [mislS of Ac¢ounting and Reporfdrv4 ty CharitlB¥: Statement of Reccmm¥nded praCce applicable to charitie8 preparing th&r 8cmunts in 8ccordanc& hilh FIn¢1 Reporung Slandard 8pplicable in the UK and Republic of Irda1 IFRS 1021 leffeeltvo 1 January 2019k Obl8ctive$ arKI actlvltl•s Objectlvos and alms The obje¢b'ves of the chwity are lo aance ts edwatton the in the prfnclples and tthi108qA)Ses of Buddhlgm ar to advance the Buddhist faSth through teachirKJ. sts•. pracli(x and observenc4 of lh8 tralitions of 1 scho of 8uddN8rn. Publlc b•11t In planning ackn for the year in th8 Charity on publi¢ benefit 8tour tru8t88 rneetirgs. hl•voment and perlomn Charit&blg a¢tlvftl•g ¢hai7ty performed to eyw8ctslon in year. a venue to (th8r¥e Buddhism and lo bring thls tr) the attentton of ngw converts. Structurei governance and managernenl Govornlng document The charity 18 governad by Its con8btuticn vthich v•2s W on 13 2011. Recrultmgnt and appolntm•nt of neWtrst&85 Trustees arè poInted or rtrappoinw annuaty at knual Ggn8ral meetij. Wg cash at nk of £96,455.37. au (rf 15 Unrestrictsd Fund8. C*Jr wemlses are rpnled our aim Is to purchase our buildlng. Approv by cder ofthe board of tsitst888 on......... .... ........... ... . slgned on ils behpjf by.. i4on Kuèn Cknw. Trustee
Indwndont Examln•ffs R•port to th• Tru8teg8 of Zh•n fiual Ton9 Trne Buddha School Independent examlngfs portt0 the tNstees ofZln lknl Tang Trt Buddho School I f6port to the charity truslg98 on rny examinat of th9 8CU18 of Zhgn lkni Tarva Tnje Bldh8 se)11th8 Tru¥ll fty the ye8r8ThJed 31 VArch 2023. R88pon8lblllU8¥ and basls of r¢port As the charfty twstees of Ttust YW ¥9 respLlLe for Ihg prep8rat)n of the wxjunts in accordancè with the r6yuiromenls of the Charlties Ad 2011 Ilhe Acry l ieport In re8pect of my ex8min&trC of the fntsvs acc£Trts carried out ¢Th18r Sedon 145 of Ihe Ad and in carylry oirt my examlnatlon I have lollowad al 8ppIWA¥ Dirg(ons gNon by Ihe Charity CommLssh)n uThJer secti 14515Xb} of the Acl. Indgp8nd•nt oxamlnerfs Statsment I have cOmet&d my examinatTh. I Ixjnfim that rrt) m8terial matters have cxyn8 to my attèntvjn Sn ubnneclton wrth the exarninati giving mg cause to bdpve that in any materia respect.. accountino rettrfds warè k8Pt In r8SPgCt of thè Tntst As rtr4ui by Sedirm 130 of Art or the acccNJnts do not acr vAth those rS., or th8 ac(x>unts do not cornpty vmth the apFllcable r8qulrem8nts c¥Jn¢xnlw thè fixm and CtrnI of a(x>Junt5 581 out in 1hg Charitiès (AceAntS and R0$1 RegulalKTh 2(KJ8 oth&r Ih8n any requirement that thè acc(MJnts gNe a and law wew which is ta matter (x)rL8id@red as part of an indep9ndent examinatKJn. I have no and have eome across Th) other matters u) conrClI0n Mith Ihe ex8mwwbon to attention Sh1 be drawn in this rep)rt in order to enable a prow under51andirvJ of Ihe accounts to be reached. Mr Nel Whittintharn BA(Hol FCA A NRB 1st Roorwatsrslde Hcxjsg Watewde Drive Wlgan LancashiTe WN3 SAZ Dats:........... 2015 P8g8 3
ZHEN QUAI TANG TRUE BUDDHA SCHOOL Statemonl of Flnandal Athlil•s FOR THE YEAR ENDED 31 IAARCH 2(123 31.3.23 Unrestricted fund 31.3.22 fund8 INCOME AND ENDOWMEPS FROM Donati8 awhd199ao'BS 17.736 16,340 Olh¢r Iradlng 8¢twths 10.989 5,639 Totsl 28.725 21,979 EXPENtMTURE ON Raising fvnd8 1047 1,118 Charltable actlvlti AC11lieS directly rdatlng to the wjrk of th8 schcx)I 24.051 20,479 Olhgr 532 465 Totsl 22.062 INCOMEIIEXPENDITUREI 2.095 1831 RECONCILIATION OF FUNDS Total funds brought fotward 94,443 TOTAL FUNDS CARRED FORWARD 94,360 The notes form part ofthese finandal stalemènts P8ge 4
ZHEM QUAI TANG TRUE BUDDHA SCH(YX Balance Shefrt 31 IAARCH 2023 31.3.23 Unr8strict8d nd 31.3.22 Total funds CURRENT ASSErs Cash at bank atMI bn hand ,455 94,360 CURREKf ASSETS ,455 94.360 TOTAL ASSEfs LESS CURREKf UAEILMES 96,455 94,38CI NET ASss 96.455 FUNDS Urwg8triCt fijnds 96,455 94.360 TOTAL FUNDS ,455 94,360 Th6 finandal stateme Ere approvay by the Bo8nl of TnJst•6s and aultls for issue on .. and swJn8d on tb behalf by.. Mr Hon Chow- Trusteè Th8 notesfomi part ofthese fironcial siatements Page 5
ZHEN QLW TANG TRUE BUDDHA SCHOOL Notss to the Flnancial Statemg FOR THE YEAR ENDED 31 IAARCH 2023 ACCOUNTING POWIES Bas1$ of preparing the lInanal staemants The finandal statements of Ihe charty, Ithkh k4 a putAic benefft entity under FRS 102, have b88n prepared In 8cox)rdanc8 Thilh the Charrti6s SORP IFRS 1021 'A¢xwnb'ro and Raportkng by Charftiès.. Statement of Recommend1 Prdcticg appIKxb19 b ¢haritie8 preparro tkelr a(wJnts in aGCOTd8nce 1th ttw Flnancl81 Reporting Standard applkable Sn the UK aThJ RepU1G of IrEl8nd IFRS 1021 leff8ctiv8 1 Jawary 20191., Flnanclal R8wrting Slandgr(1102 The Fancial Reportirvj Slandprd awkcabb in U)e UK and Reputh of Irgland, and the Charities Act 2011. The finBnclal stAtts h8V8 In prepargj underthe hlstorfcal cost conven1n. Inme l incom8 18 recognised in thB Ststernl of Financial PLtNrflles On the chaY has 9ntinI lo the funds, It is probable that the income 411 recdv&l 8nd thè arrrfxjnt Ggn Measur rdlaLIy. Expondlture Liabilitles are recL¥nised as expendibjre as as ther8 ts a regal n81Ve obligation commlth'ng the carity to th8t exp8ndiim. it 1$ wobablè that a transfer of e(r0m benefits 111 rBquired in 8ettlem&nt and the amount of the Obligati rèn be rreasured reliatrjy. Expendtture is Uted for on an accruals ba8is and has b9pn cl8s5ified under heading5 that agwts dl (xk8t related lo ts Category. V¥here rx)sts cannot be IrÉdy 8ttdbuted to Pa{#JIar he8ngS they have IMn akTht8d to thlues ort a basls consistsnl wllh the use of resour. TaxatSon Th8 charity Is 9MPt from tsx on rfs ekorital• Fund accountlng Unr95lricled futKls be used accordanc8 ith thè tharitatl8 Otiectives at th8 di8creth)n ofthe Irustees. RestrKted funds Can cmly be US parbrylar reslrfcknl pwse5 the oblts of Ihg charity. R#sbfiction5 adse when speoffd by Ihg doncw wyknen ndS are rnised for r9strictl pwses. Furlhér wlanauw ol th8 natm and purFQSe of È8ch is Ir* the notes lo t finan¢lal 8tslements. OTHER TRADING AcTrvrtlES 31.3.23 31.3.22 cereMcY nca)me SB1è9 and mlscdlAneuJs incom8 9,984 1.005 5.1 $0 10.989 5.639 TR115TEES' REMUNERAnON AND BENEFrrs There wore no tNsteei r8rneraOn cfj other beneffts lh8 8fMled 31 March 2023 rKJr for Ihè year KIed 31 March 2022. TN$tWS' oxpen¥e8 There nD truste88' eYn5 paKI for the 31 nor ts the ye8r ended 31 March 2022. STAFF COSTS The avoraga monbNy numberof emFloyees dUrfJ tha yw wag 88 foluAB". 31.3.23 21.3.22 chaJItab activrb88 No ernOYees receiv1 enKAuments in ex¢e88 of £60.(. Page 6 conUnu8d...
ZHEN QUAI TANG TRUE BUDDHA SCHO¢ Not•s to the Flnanclal Slatsm•nts- contlnu•d FOR THE YEAR ENDED 31 IAARCH 2023 MOVUIENT IN FUNDS Nel movement tn fur#l8 Al 31.3.23 At 1.422 Unrgstrfctsd funds CnB lund 96.4 TOTAL FUNDS 96,455 Net movement h fuThJs. Inded In the atx)ve are as folkn¥8: lrtomThig Régourcès hth7verngnl In fvnds Unrostrlcted furMI8 Gener fvnd 126.6301 2.095 TOTAL FUNDS 28,725 (26.630) 2.095 Comparatlvos for movement In funds Net neMOnt In lunds At 1.4.21 31.3.22 Unrestdcted funds General fund 94.443 183) TOTAL FUNOS 94,443 94.360 Comparative net nw)vement Ijud8d in are ax foll8.. Resources eXd *)v6m•)t in funds Unrnstrklod lunds Ceral fund 21.979 {22.0621 1831 TOTAL FUNDS 21,979 122,0621 1831 A CUentyar 12 months 12 c4)rnbi p05111c Is as folkl. Nel movement In fu1$ At 31.3.23 At 1.421 Unrg$trlct¢d frjnds General fund 94.443 2,012 96,455 TOTAL FUNDS 94.443 1012 96,455 Page 7 conUnuBd...
ZHEN QUAI TANG TRUE BUDDHA SCHOOL Notès to thè Flnandal 81atements- eontsnugd FOR THE YEAR ENDED 31 IAARCH 2023 NOVEMENT IN FUNDS- contlnu A cwrenl year 12 months and year 12 nNMlh$ combinèd movement in fiJnd8. Muded in the above are as fo11cv. I[MY Resources expend Movema)I in funds Unre8trlcted funds GanwJ nd 50,704 148,6W21 2,012 TOTAL FUNDS 50,704 148,6921 2,012 RELATED PARff DISCLOSLIRES There were rKJ related party IT?a¢*C$ kn the year¢nl 31 2023. Page 8
ZHEN QUAJ TAMG TRUE BUDDHA8CFN D#t#ll Stat¢ment of Flnandal Actlvttks FOR THE YEAR ENDED 31 MARCH 2023 31.3.23 31.3.22 4COME AND EMDOWMEKrs Donatlon$ and legacles Monthly donatio Funeral seNc9 donalions Chinese New Year 10.114 6,837 785 6.89S 7.930 1,515 17,73e 16.340 other tradin9 actlvllles Ceremony in(a)m& Solp5 and m5scd1arx in(xJme 5.150 I,D05 10.989 5.639 Totsl tncomlng re8our¢gs 28.725 21,979 EXPENDMJRE Other trndlng Bctmves Purchas&s 2.047 1.118 Charftabl• actlvltkns Waggs Rent and rates Runnlng rx55ts Cost 0., 5eNlee, CeY 9tt8fKl8nce. contribuLions & donations 1,0 15.641 1.350 14,368 1.448 718 2B3 20.611 17,449 other Repalrs and r6noW8Is 465 Support C08t8 Governance v)sts Admlnlstrad(hY 3.440 3,030 Totsl resources expended 26,630 22,082 N•t nMell•ndIturQj 2.095 183) This paje does not fi)mi p8rtof the Slabjt(ryffinv4 statements