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|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|
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|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]|
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|||||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|
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||||||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|
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|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.|
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||||2020|2020|2020|2919|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||Funds|Funds|Funds|Funds|
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|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|
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|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|
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|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|
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|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|
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|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|
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||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|