| Report ofthe Trustees | and Statement ofTrustees' responsibilities | 1-4 | |
|---|---|---|---|
| Independent examiner's |
report to the Trustees' ofThe Buddhapadipa | Temple Trust | |
| Statement ofFinancial | Activities | ||
| Balance Sheet | |||
| Cash flows | |||
| Notes to the accounts | 9-14 |
| TRUSTEES DU | RIN | G PERIOD T | O31"DECEMBER 2020: |
|---|---|---|---|
| Mr W, Poonum | [appointed 13'"July 2011] |
||
| Mr K.Hemtanon | [appointed 13'"July 2011] |
||
| Mr S.Narinwong | [appointed 13'"July 2011] |
||
| Ven. P.K.Lom | [Monk. Appointed 13"'July 2011] |
||
| Ven, Phra Sutas | Phuangphua | [Monk. Appointed 12+December 2013] |
|
| Ven. P,M. Bhatsakorn | Kota | [Monk. Appointed 7"'January 2016] |
| 2020 | 2020 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Notes | Funds | Funds | Funds | Funds | |||
| INCOME FROM: | |||||||
| Donations and legacies |
|||||||
| Voluntary income from donations Grant Legacies |
102,822 1,000 24,000 |
102,822 1,000 24,000 |
403,078 | ||||
| Incoming resources from charitable |
activities | 142,110 | |||||
| Investment income; |
|||||||
| Bank interest | 3,304 | 3,304 | 5,770 | ||||
| TOTAL INCOME | 131,126 | 131,126 | 550,958 | ||||
| EXPENDITURE ON: | |||||||
| Charitable activities |
143,846 | 143,846 | 207,710 | ||||
| TOTAL EXPENDITURE | 143,846 | 143,846 | 207,710 | ||||
| NET INCOMING/(OUTGOING) BEFORETRANSFERS |
RESOURCES | (12,720) | (12,720) | 343,248 | |||
| Gross transfers between funds |
|||||||
| RECONCILIATION OF FUNDS |
|||||||
| Total funds brought forward |
2,361,761 | 2,361,761 | 2,018,513 | ||||
| TOTAL FUNDS CARRIED FORWARD | 14 | 2,349,041 | 2 349,041 | 2,361,761 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | 18 | (2,105) | 338,320 | ||
| Cash flows from investing | activities | |||||
| Purchase offixed assets | (241) | (5,331) | ||||
| Cash flows from financing | activities | |||||
| Change in cash and cash equivalents | in the | year | (2,344) | 332,989 | ||
| Cash and cash equivalents | at the beginning | ofthe year | 2,329,872 | 1,996,883 | ||
| Cash and cash equivalents | at the end | ofthe | year | 2,327,528 | 2,329,872 |
| The following accounting policies have been applied consistently in dealing with items which are considered material in relation |
|---|
| to the charity's accounts. |
| Basis ofpreparation |
| These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless |
| otherwise stated in the relevant notes to these accounts. The accounts have been prepared in accordance with the Statement of |
| Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial |
| Reporting Standard applicable in the VK and Republic ofIreland (FRS 102)and with the Charities Act 2011. |
| Going concern |
| As a result ofthe global pandemic 'COVID-1 9', income and subsequently expenditure reduced during the year. Thc charity continues to hold adequate reserves, therefore the trustees consider the Charity to be a going concern. |
| Incoming resources |
| The accounts are prepared on the accruals basis ofaccounting: income is recognised when receivable, except for donations ofall kinds that are recognised when received. Any funds raised through special events are accounted for gross, Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the charity, Legacies sre recognised when it is probable that they will be received, this is when there has bccn a grant ofprobate and the executors have established that there are sufficient assets in the estate to pay the legacy. |
| Expenditure |
| 'Resources expanded' has a wider meaning than 'expenditure'. It excludes the costs of fixed assets tha( are capitalised but includes their subsequent depreciation on the basis set out below. |
| - Costs ofgenerating funds are those costs incurred in direct charitable expenditure which can be attributed to the charity's objeotives. |
| - Charitable expenditure comprises ofthose costs incurred be the Charity in delivery ofits activities and services. It includes all costs that can be allocated directly to such charitable activities. |
| - Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability ofthe charity and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on abasis consistent with the use ofresources. |
| 2020 | 2020 | 2020 | 2919 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| K | ||||||
| Voluntary | income from donors | |||||
| Grant Collections |
at services | 1,000 102,822 |
1,000 102,822 |
403,078 | ||
| Legacies | 24,000 | 24,000 | ||||
| Incoming | resources from charitable | activities | ||||
| Income from events | 142,110 | |||||
| Interest income | 3,304 | 3,304 | 5,770 | |||
| TOTAL INCOMING RESOURCES | 131,126 | 131,126 | 550,958 |
| 3 | TOTAL RESOURCES | TOTAL RESOURCES | TOTAL RESOURCES | EXPENDED | ||||
|---|---|---|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2019 | |||||
| Unrestricted | Restricted | Total | Total | |||||
| Funds | Funds | Funds | Funds | |||||
| f, | ||||||||
| Grants and charitable | giving (see note 4) | 1,000 | 1,000 | 5,000 | ||||
| Expenditure on Charitable |
activities | |||||||
| Festivals | 21,614 | |||||||
| Training projects Literature and brouchures |
2,&40 2,285 |
2,840 2,285 |
5,536 14,702 |
|||||
| Temple Upkeeping Lake Restoration |
49,348 18,400 |
49,348 18,400 |
70,780 | |||||
| Support Costs (note 5) | allocated | to: | ||||||
| Casual labour General office expenses Professional fees Other expenses |
8,400 42,381 7,224 326 |
8,400 42,381 7,224 326 |
7,700 60,693 9,120 27 |
|||||
| Depreciation Bank Charges |
8,171 70 |
8,171 70 |
8,937 200 |
|||||
| Governance costs - |
examiners | and other financial fees | 3,400 | 3,400 | 3,400 | |||
| 143,846 | 143,846 | 207,710 |
| 4 | GRANTS AND CH | ARITABL | E GIVING | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Buddhism | 2020 | 2019 | |||||||
| relief | & | ||||||||
| ~devete | ment | Total | Total | ||||||
| To institutions | |||||||||
| None | |||||||||
| To individuals | |||||||||
| PK Sittiyanawithet's | f'uneral | 5,000 | |||||||
| Ven Phra Prommongkol | 1,000 | 1,000 | |||||||
| 1,000 | 1,000 | 5,000 | |||||||
| ~Tratnin | Literature | and | T~em | ie | |||||
| 5 | SUPPORT COSTS | Festivals | ~ra'cate | brouchures | ~Ukee | in | Total | ||
| Casual labour | 1,680 | 840 | 420 | 5,460 | 8,400 | ||||
| General office expenses | 8,476 | 4,238 | 2,119 | 27,548 | 42,381 | ||||
| Professional fees |
1,445 | 722 | 361 | 4,696 | 7,224 | ||||
| Other expenses | 65 | 33 | 16 | 212 | 326 | ||||
| Depreciation | 1,634 | 817 | 409 | 5,311 | 8,171 | ||||
| Bank Charges | 14 | 7 | 4 | 46 | 70 | ||||
| Governance costs - audit and |
680 | 340 | 170 | 2,210 | 3,400 | ||||
| other financial fees | |||||||||
| 13,994 | 6,997 | 3,499 | 45,482 | 69,972 | |||||
| Basis ofallocation - | Usage | ||||||||
| 6 | STAFF COSTS AND NUMBERS | 2020 | 2019 | ||||||
| Salaries and wages | 8,400 | 7,700 | |||||||
| Social security costs | |||||||||
| 8,400 | 7,700 |
| 9 | TANGIBLE FIXEDASSETS | TANGIBLE FIXEDASSETS | ||||||
|---|---|---|---|---|---|---|---|---|
| Land ~Bend) |
tfd e |
Office e'en) ment |
Plant & machinerv |
Furniture ~mntnn e |
Total | |||
| Cost | ||||||||
| At 1 January 2020 Additions |
59,613 | 24,845 241 |
9,669 | 7,031 | 101,159 241 |
|||
| At 31December 2020 | 59,613 | 25,086 | 9,669 | 7,031 | 101,400 | |||
| Depreciation | ||||||||
| At I January 2020 Charge for the year |
(35,768) (5,961) |
(21,861) (1,382) |
(9,669) | (4,694) (829) |
(71,993) (8,171) |
|||
| At 31 December 2020 | ~4),729) | (23,243) | (9,669) | )5,523) | ~80,104) | |||
| Net book value | ||||||||
| At 31 December 2020 | 17,884 | 1,843 | 1,508 | 21,236 | ||||
| At 31 December 2019 | 23,845 | 2,984 | 2,337 | 29,166 | ||||
| 10 | DEBTORS | |||||||
| 2020 | 2019 | |||||||
| Prepayments Other debtors |
4,287 | 5,289 | ||||||
| 9,320 | 9,386 | |||||||
| 13,607 | 14,675 | |||||||
| 11 | CREDITORS: Amounts | falling | due vrithin | one year | ||||
| 2020 | 2019 | |||||||
| Accruals | g | |||||||
| Other creditors | 7,295 | 7,871 | ||||||
| 6,035 | 4,081 | |||||||
| 13,330 | 11,952 |
| 14 | RESERVES | Unrestricted | Restricted | Total | |||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | |||||
| f, | |||||||
| At 1 January 2020 | 2,361,761 | 2,361,761 | |||||
| Surplus/(Deficit) | for the year | (12„720) | (12,720) | ||||
| Transfer from unrestricted | funds to | ||||||
| restricted funds |
|||||||
| At 31 December 2020 | 2,349,04l | 2349,941 | |||||
| 15 | ANALYSIS OFNET ASSETSBETWEEN FUNDS | ||||||
| Unrestricted | Restricted | Total | |||||
| Funds | Funds | Iiunds | |||||
| Tangible fixed assets Current assets Current liabilities |
21,236 2,341,134 (13,330) |
21,236 2,341,134 (13,330) |
|||||
| At 31December 2020 | 2,349,041 | 2,349,041 | |||||
| 6 | MOVEMENT IN | FUNDS | |||||
| At IJanuary | Incoming | Outgoing | At31 December |
||||
| 2020 | resources f |
resources f |
2020f | ||||
| Restricted funds |
|||||||
| Unrestricted funds |
|||||||
| General funds | 2,361,761 | 131,126 | ('143,846) | 2,349504] | |||
| Transfer to restricted | funds | ||||||
| Total funds | 2,361,761 | 131,l26 | (143,&46 | 2,349,041 |
| INCOME/(EXPENDITU | E) TO NET CASH FLOWS PROM OPE |
RATING ACT | |
|---|---|---|---|
| Net income for the Depreciation |
year | 2020f (12,720) |
2019 f 343,248 |
| (Increase)/decrease Increase/(decrease) |
in debtors in creditors |
8,171 1,068 1,377 |
8,937 (3,115) (10,750) |
| (2,105) | 338,320 |