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2024-06-30-accounts

Hampshire Accountants Limited 1 Canada Square London E14 5AA Pembroke House 8 St Christopher’s Place hampshire.accountants Farnborough GU14 ONH hello@hampshire.accountants +44 (0) 1252 279 882 +44 (0) 20 7097 5150

Mr Harka Gurung 22 October 2024 Buddhist Community Centre UK (BCC UK) 8 High Street Aldershot Hampshire GU11 1TS

Dear Harka ,

Accounts for Period ended 30/06/2024

Please find attached final accounts for Buddhist Community Centre UK (BCC UK) for the period ended 30/06/2024 [including filleted/abbreviated accounts if appropriate].

Please review the attached carefully and if you are happy that the accounts can be approved please print out a set of each of the attached documents, obtain appropriate signatures at the foot of each Balance Sheet [and Directors Report, if relevant] and return the signed documents to this office.

Please do not hesitate to contact us if you have any queries.

Yours sincerely,

Hampshire Accountants

hampshire.accountants | hello@hampshire.accountants Hampshire Accountants Limited - Company number 12835304

Doc ID: e021a391c97ee21df5a7b2d2c10a8df8a460e4ff

Buddhist Community Centre UK (BCC UK)

Charity No. 1145982

Trustees' Report and Unaudited Accounts

30 June 2024

Doc ID: e021a391c97ee21df5a7b2d2c10a8df8a460e4ff

Buddhist Community Centre UK (BCC UK) Contents

Pages
Trustees' Annual Report 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Accounts 7 to 14
Detailed Statement of Financial Activities 15 to 16

Page 1

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Buddhist Community Centre UK (BCC UK) Trustees Annual Report

The trustees present their report with the unaudited financial statements of the charity for the year ended 30 June 2024.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1145982

Principal Office

8 High Street Aldershot Hampshire GU11 1TS Address Line 5

Trustees

The following trustees served during the year:

K. Gauchan G. Gurung K. Gurung K. Rijal K. Sherpa D.B. Tamang K.B. Thapa

Accountants

Hampshire Accountants ltd Old Town Hall 30 Grosvenor Road Aldershot Hampshire GU11 3DP

Bankers

HSBC, Natwest and Metro Bank Address Line 5

Solicitors

Vas Solicitors

Page 2

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Buddhist Community Centre UK (BCC UK) Trustees Annual Report

OBJECTIVES AND ACTIVITIES

The charity's objectives are:

A larger charity must provide an explanation of its aims, including details of the issues it seeks to tackle and the changes or differences it seeks to make through its activities...

ACHIEVEMENTS AND PERFORMANCE

Buddhist Community Centre UK (BCCUK) is a registered charity (No. 1145982) and is set up under it's constitution and rules.

The members of the management council, who are also the trustees, who served during the year are set out on this page. The management members are elected by the membership in a General Meeting. The Council meet on a regular basis to manage the affairs of the charity and to formulate policy. The charity's administrator manages the day to day operations of the charity in liaison with the Treasure and President.

Statement of trustees' responsibilities in relation to the financial statements

The charity trustees are responsible for preparing a trustees' annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustees are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed on behalf of the charity's trustees

K. Gurung Trustee 08 October 2024

Page 3

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Buddhist Community Centre UK (BCC UK) Independent Examiners Report

Independent Examiner's Report to the trustees of Buddhist Community Centre UK (BCC UK)

I report to the trustees on my examination of the financial statements of Buddhist Community Centre UK (BCC UK) for the year ended 30 June 2024.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

As the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by being a qualified member of .

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Hampshire Accountants ltd Old Town Hall 30 Grosvenor Road Aldershot Hampshire GU11 3DP 08 October 2024

Page 4

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Buddhist Community Centre UK (BCC UK) Statement of Financial Activities for the year ended 30 June 2024

Notes
Income and endowments
from:
Donations and legacies
3
Charitable activities
4
Other
5
Total
Expenditure on:
Charitable activities
6
Other
7
Total
Net gains on investments
Net income
8
Transfers between funds
Net income before other
gains/(losses)
Other gains and losses
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
Unrestricted
funds
Total funds Total funds
2024 2024 2023
£ £ £
132,947 132,947 70,734
60,945 60,945 31,255
93,009 93,009 107,416
286,901 286,901 209,405
41,217 41,217 19,611
120,872 120,872 159,492
162,089 162,089 179,103
- - -
124,812 124,812 30,302
- - -
124,812 124,812 30,302
124,812 124,812 30,302
1,299,684 1,299,684 1,007,750
1,424,496 1,424,496 1,038,052

Page 5

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Buddhist Community Centre UK (BCC UK) Balance Sheet

at 30 June 2024

Charity No. 1145982
Fixed assets
Tangible assets
10
Current assets
Stocks
11
Cash at bank and in hand
Creditors:Amount falling due within one year
12
Net current assets
Total assets less current liabilities
Creditors:Amounts falling due after more than one year
13
Net assets excluding pension asset or liability
Total net assets
The funds of the charity
Restricted funds
14
Unrestricted funds
14
General funds
Reserves
14
Total funds
2024
£
1,441,899
1,441,899
16,151
428,630
444,781
(4,373)
440,408
1,882,307
(457,811)
1,424,496
1,424,496
1,424,496
1,424,496
1,424,496
2023
£
1,423,427
1,423,427
22,772
146,961
169,733
(3,877)
165,856
1,589,283
(551,231)
1,038,052
1,038,052
1,299,684
1,299,684
1,299,684

Approved by the trustees on 08 October 2024

And signed on their behalf by:

K. Gurung Trustee 08 October 2024

Page 6

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

for the year ended 30 June 2024

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Income

Page 7

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

Expenditure

Taxation

The charity is exempt from tax on its charitable activities.

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Page 8

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period.

Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 9

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

2 Statement of Financial Activities - prior year

2
Statement of Financial Activities - prior year
Income and endowments from:
Donations and legacies
Charitable activities
Other
Total
Expenditure on:
Charitable activities
Other
Total
Net income
Net income before other
gains/(losses)
Other gains and losses:
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
3
Income from donations and legacies
4
Income from charitable activities
Unrestricted
£
132,947
132,947
Unrestricted
£
60,945
60,945
Unrestricted
funds
2023
£
70,734
31,255
107,416
209,405
19,611
159,492
179,103
30,302
30,302
30,302
1,007,750
1,038,052
Total
2024
£
132,947
132,947
Total
2024
£
60,945
60,945
Total funds
2023
£
70,734
31,255
107,416
209,405
19,611
159,492
179,103
30,302
30,302
30,302
1,007,750
1,038,052
Total
2023
£
70,734
70,734
Total
2023
£
31,255
31,255

Page 10

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

5 Other income

6
Expenditure on charitable activities
Expenditure on charitable
activities
Governance costs
7
Other expenditure
Bank loan and overdraft
interest payable
Employee costs
Motor and travel costs
Premises costs
Amortisation, depreciation,
impairment, profit/loss on
disposal of fixed assets
General administrative costs
Legal and professional costs
8
Net income before transfers
This is stated after charging:
Depreciation of owned fixed assets
Amortisation of intangible fixed assets
Unrestricted
£
32,100
60,909
93,009
Total
2024
£
32,100
60,909
93,009
Total
2023
£
4,902
102,514
107,416
Unrestricted
£
29,552
11,665
41,217
Unrestricted
£
33,826
(16,151)
-
11,756
29,044
14,390
20,425
12,559
8,769
6,254
120,872
2024
£
-
12,559
Total
2024
£
29,552
11,665
41,217
Total
2024
£
33,826
(16,151)
-
11,756
29,044
14,390
20,425
12,559
8,769
6,254
120,872
Total
2023
£
19,611
-
19,611
Total
2023
£
18,232
(772)
1,200
30,573
31,752
11,908
15,488
39,109
6,569
5,433
159,492
2023
£
39,109
-

Page 11

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

9
Staff costs
Salaries and wages
Pension costs
No employee received emoluments in excess of £60,000.
10 Tangible fixed assets
£
Cost or revaluation
At 1 July 2023
1,407,741
Additions
30,817
At 30 June 2024
1,438,558
Depreciation and
impairment
At 1 July 2023
46,894
Depreciation charge for the
year
-
At 30 June 2024
46,894
Net book values
At 30 June 2024
1,391,664
At 30 June 2023
1,360,847
11 Stocks
Raw materials and consumables
12 Creditors:
amounts falling due within one year
Other taxes and social security
Accruals
13 Creditors:
amounts falling due after more than one year
Bank loans and overdrafts
Other loans
of £60,000.
£
1,407,741
30,817
1,438,558
46,894
-
46,894
1,391,664
1,360,847
2024
28,380
664
29,044
£
5,492
-
5,492
1,977
703
2,680
2,812
3,515
2024
£
16,151
16,151
2024
£
723
£
89,924
-
89,924
30,645
11,856
42,501
47,423
59,279
2023
25,698
-
25,698
£
1,503,157
30,817
1,533,974
79,516
12,559
92,075
1,441,899
1,423,641
2023
£
22,772
22,772
2023
£
435
3,650 3,442
4,373
2024
£
327,661
130,150
457,811
3,877
2023
£
110,301
440,930
551,231

Page 12

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

14 Movement in funds

Restricted funds:
Unrestricted funds:
General funds
Total funds
15 Analysis of net assets between funds
Fixed assets
Net current assets
Creditors due in more than one year and
provisions
16 Reconciliation of net debt
Cash and cash equivalents
At 1 July
2023
1,299,684
1,299,684
Incoming
resources
(including
other
gains/losses
)
£
286,901
286,901
At 1 July
2023
£
Resources
expended
£
(162,089)
(162,089)
Unrestricted
funds
£
1,441,899
440,408
(457,811)
1,424,496
Cash flows
£
At 30 June
2024
£
1,424,496
1,424,496
Total
£
1,441,899
440,408
(457,811)
1,424,496
At 30 June
2024
£
146,961 281,669 428,630
146,961
(440,930)
(110,301)
281,669 428,630
(130,150)
(327,661)
Borrowings 310,780
Bank loans (217,360)
Net debt (551,231)
(404,270)
93,420
375,089
(457,811)
(29,181)

Page 13

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Buddhist Community Centre UK (BCC UK) Notes to the Accounts

17 Commitments

Operating lease commitments

Annual commitments under non-cancellable operating leases are as follows:

2024 2024 2023 2023
Land and
buildings
Other Land and
buildings
Other
£ £ £ £
Operating leases with expiry date:
Pension commitments
2024 2023
£ £
The pension cost charge to the charity
amounted to: 664 -

Page 14

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Buddhist Community Centre UK (BCC UK) Detailed Statement of Financial Activities

for the year ended 30 June 2024

Income and endowments from:
Donations and legacies
Charitable activities
Other
Total income and endowments
Expenditure on:
Charitable activities
Total of expenditure on charitable
activities
Other expenditure
Bank loan and overdraft interest
payable
Employee costs
Salaries/wages
Pension costs
Staff entertainment
Motor and travel costs
Vehicles - General costs
Travel and subsistence
Premises costs
Rates
Light, heat and power
Premises cleaning
Unrestricted
funds
2024
£
132,947
132,947
60,945
60,945
32,100
60,909
93,009
286,901
29,552
11,665
41,217
41,217
33,826
(16,151)
-
11,756
29,431
28,380
664
-
29,044
-
14,390
14,390
419
15,886
2,318
Total funds
2024
£
132,947
132,947
60,945
60,945
32,100
60,909
93,009
286,901
29,552
11,665
41,217
41,217
33,826
(16,151)
-
11,756
29,431
28,380
664
-
29,044
-
14,390
14,390
419
15,886
2,318
Total funds
2023
£
70,734
70,734
31,255
31,255
4,902
102,514
107,416
209,405
19,611
-
19,611
19,611
18,232
(772)
1,200
30,573
49,233
25,698
-
6,054
31,752
1,558
10,350
11,908
1,081
10,594
1,848

Page 15

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Buddhist Community Centre UK (BCC UK) Detailed Statement of Financial Activities

Premises repairs and
maintenance
Other premises costs
General administrative costs,
including depreciation and
amortisation
Amortisation
Depreciation of land and
buildings
Depreciation of
Depreciation of
Bank charges
Equipment repairs and
maintenance
General insurances
Information and publications
Stationery and printing
Subscriptions
Sundry expenses
Telephone, fax and broadband
Legal and professional costs
Accountancy and bookkeeping
Management charges
Other legal and professional
costs
Total of expenditure of other costs
Total expenditure
Net gains on investments
Net income
Net income before other
gains/(losses)
Other Gains
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward
1,802
-
20,425
12,559
-
-
-
769
260
2,122
550
550
2,560
404
1,554
21,328
2,059
-
4,195
6,254
120,872
162,089
-
124,812
124,812
-
124,812
1,299,684
1,424,496
1,802
-
20,425
12,559
-
-
-
769
260
2,122
550
550
2,560
404
1,554
21,328
2,059
-
4,195
6,254
120,872
162,089
-
124,812
124,812
-
124,812
1,299,684
1,424,496
-
1,965
15,488
-
23,463
879
14,767
647
1,215
1,885
-
-
243
1,513
1,066
45,678
1,872
1,230
2,331
5,433
159,492
179,103
-
30,302
30,302
-
30,302
1,007,750
1,038,052

Page 16

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Audit trail

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Buddhist Community Centre UK Title B07_Full_Accounts_2024.pdf File name Document ID e021a391c97ee21df5a7b2d2c10a8df8a460e4ff Audit trail date format MM / DD / YYYY Status Signed

11 / 01 / 2024 Sent for signature to Khusiman Gurung 11:30:47 UTC (kmgurung@hotmail.co.uk) from lisa@hampshire.accountants IP: 31.126.86.115 11 / 12 / 2024 Viewed by Khusiman Gurung (kmgurung@hotmail.co.uk) 04:29:32 UTC IP: 27.34.48.129 11 / 12 / 2024 Signed by Khusiman Gurung (kmgurung@hotmail.co.uk) 04:31:02 UTC IP: 27.34.48.129 11 / 12 / 2024 The document has been completed. 04:31:02 UTC

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