1 ## **Future Dharma Fund** **A Charitable Incorporated Organisation whose only voting members are its charity trustees** **Trustees’ annual report for the period 1[st] January 2020 to 31[st] December 2020** **Charity name: Future Dharma Fund Charity number: 1167344** Future Dharma Fund. Charity number: 1167344 2 ## **Future Dharma Fund** ## **Financial Statements For the Year Ended 31[st] December 2020** |**Contents:**|**Page:**|| |---|---|---| |Legal and Administrative Information||3| |Trustees Report||4 - 8| |Statement of Financial Activities||| |Balance Sheet||| |Notes forming part of the fnancial statements||| Future Dharma Fund. Charity number: 1167344 3 ## **Legal and Administrative Information:** Charity Name: Future Dharma Fund Charity Registration Number: 1167344 Registered Office and Operational Address: Adhisthana Coddington Court, Coddington Ledbury, Herefordshire HR8 1JL ## **Trustees in the year ending 31[st] December 2020:** Dr. Paramabandhu Groves (a.k.a. Paramabandhu), representing the Triratna Preceptor’s College Mr. Ian Waddell (a.k.a. Dhammarati), representing the Triratna International Council Ms. Mary Healy (a.k.a Subhadramati), representing the Triratna Preceptor’s College Ms. Robyn Smith (a.k.a. Aryajaya), representing the Triratna Trust (International Order Office) Ms. Jvalamalini Bloom (a.k.a. Jvalamalini), representing the Triratna Trust (International Order Office) Ms. Nicola Edmonds (a.k.a. Satyajyoti), representing the Triratna European Chair’s Assembly ## **Appointments in 2020** Ms. Jvalamalini Bloom came to the end of her term on 26/06/2020 representing the Europeans Chair Assembly and was reappointed for a second term representing the Triratna Trust (International Order Office) ## **Resignations in 2020** None ## **Secretary:** Mr Xxx Nandavajra ## **Bankers:** Cooperative Bank, Head Office, PO Box 101, 1 Balloon Street, Manchester, M60 4EP. Future Dharma Fund. Charity number: 1167344 4 ## **FutureDharma Fund** ## **Trustees Report for the year ended 31[st] December 2020** The trustees present their report and financial statements for the year ended 31st December 2020. ## **Objectives and Activities** The Object of the CIO is, for the public benefit, the advancement of the Buddhist religion, in particular by: 1. encouraging members and others to live in accordance with the teachings of Buddha; 2. supporting ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discretion of the charity trustees of the CIO; 3. maintaining close communication with and working under the guidance of the Triratna Buddhist Order and in cooperation with other groups with the same or similar objects; and 4. using applications of the Buddha’s teaching to promote the health and wellbeing of all. ## **Activities for Achieving Objectives** During the year this work was furthered through the following activities: - ●Conducting fundraising through seeking regular donations, major gifts and legacies gifts from ordained members and others within the Triratna Buddhist Community. - ●In response to the Coronavirus pandemic, a number of activities were initiated to help charities within the Triratna Buddhist Community respond, including making emergency grants and providing non-financial help such as fundraising training and advice. - ●Further development of the necessary infrastructure, processes, team and working practices for the effective functioning of the charity, including media production, database development and maintenance, and the development of international payment gateways for a range of currencies. - ●Provision of funding for projects and initiatives resourcing the Triratna Buddhist Community, including activities that are for the public benefit. To this end, Future Dharma Fund adopted the strategic priorities of the Triratna International Council as objectives for making funding award decisions. - ●Continued development of the grant application process for rigour, simplicity and to gather a broader range of information, particularly local information, to support the prioritisation of funding awards. - ●Improving the reporting and follow-up processes for funded projects to support continued development of those projects, as well as the work of Future Dharma Fund. - ●Recruiting new Trustees from our partner bodies to fill representative gaps and replace those stepped down or completed their 3-year term. ## **Grant making Policies** Future Dharma Fund. Charity number: 1167344 5 The income of Future Dharma Fund is made up of donations from individuals within the Triratna Buddhist Community. Applications for grants are invited from projects and organizations within the Triratna Buddhist Community whose aims and objectives are similar to those of the Future Dharma Fund and whose activities and initiatives will serve the strategy and priorities set by the Future Dharma Trustees every 3 to 5 years. Applications are assessed by a grants board, appointed by the trustees. Grants and annual budgets are discussed and reviewed at meetings of the trustees. A report from the projects receiving grants are considered at a subsequent trustee meeting, especially if potential ongoing funding is to be considered. ## **Achievement and performance** ## **Review of Activities** As stated the charity's income comes mainly from donations from individuals within the Triratna Buddhist Community. Effort has been made to maximise this income, including giving donors and prospective donors good information about the work of the fund and broadening the fundraising base with a mix of one-off major donations, regular standing order donations and legacies. The budget for expenditure for the year is based on donations received and pledges made in relation to fundraising campaigns. The budget set allows for the non-payment of a percentage of the pledges. There is a reserves policy (see below) to cover the possibility of a number of donors not meeting a pledge or a fundraising campaign not reaching its target. ## **Public benefit** The Future Dharma Fund provides funding to a network of Triratna Buddhist Centres, Buddhist groups and other projects in the UK and beyond who work with the general public, promoting health and well-being through courses and events in meditation, mindfulness and Buddhism. The Charity also makes grants to projects that provide religious educational resources and online information on meditation and Buddhism as well as publications on meditation and Buddhism. ## **Partnership with India Dhamma Trust** At the end of 2019, we entered into a partnership with India Dharma Trust (IDT), which is a sister charity, taking on their grant making commitments in return for donation receipts. Laura Hamilton (Vajratara), the chair of IDT, attends our trustee meetings, though she does not have voting rights. ## **Financial Review** During the year, Future Dharma Fund received a total income of £412,037 and had total costs of £356,274 resulting in a surplus of £55,763. Compared to previous years, the charity’s income has increased by 64%. This reflects our partnership with IDT, our increased fundraising and supporter care capacity, as well as the generous response of our donors to our efforts to support our grant applicants during the coronavirus pandemic. Future Dharma Fund. Charity number: 1167344 6 In terms of expenditure, our grants programme increased from £210,429 to £231,821. New major grants this year include grants made to fund a new Triratna communications project in India, supporting a young persons coordinator in Oceania, developing and maintaining an image archive of the Triratna movement and its founder, and emergency funding to two retreat centres in India. ## **Going Concern** After making appropriate enquiries, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the Accounting Policies. **Investment Policy** The Future Dharma Fund is a fundraising and grant awarding body and therefore has no plans for significant long-term investment. Aside from retaining a prudent amount in reserves each year, the majority of the charity’s funds are spent in providing annual grants. However, the charity does, at times, hold reserves in a current account. ## **Reserves Policy** The trustees have examined the charity’s requirements for reserves in the light of the major risks to the organisation. Currently the charity’s policy is that uncommitted unrestricted funds should meet or exceed 3 months of the charity’s annual expenditure, including known grant liabilities. This reserve provides leeway and response time should one or more supporters not meet a major financial pledge or if significant unforeseen expenditure arises. This reserves policy will be regularly reviewed depending on circumstances and amended as required. ## **Structure, Governance and Management** ## **Governing Document** The organization is a Charitable Incorporated Organisation, whose only voting members are its charity trustees and was registered as a charity on 25[th] May 2016. The company was established under a constitution which established the objects and powers of the charity and is governed under the articles of its constitution. ## **Organisational structure and appointment of trustees** Future Dharma Fund has a trustee body of up to 12 members who meet between 3 and 6 times a year and are responsible for the strategic direction and policy of the charity. The members of the CIO are its trustees and the only people eligible to be members of the CIO are the trustees. Trustees represent and are appointed by ‘sister’ charities within the Triratna Buddhist Community who share the same aims and objectives as the Future Dharma Fund. Currently these are the Triratna Trust, the Triratna Preceptors College Trust, The Triratna European Chairs Assembly and the Triratna International Council. The trustees are elected and appointed by these partner bodies, not the existing FutureDharma Trustees board. The trustees serve for up to a three-year period, Future Dharma Fund. Charity number: 1167344 7 when they are required to stand down. They can be reappointed for further periods, if re-elected by their appointing charity. The Trustees are required to report back to their appointing charity on a regular basis and to represent the strategy and priorities of the charity that they are representing. Drawing the trustees from the sister charities helps to ensure that trustees will have the necessary skills and perspective to guide and oversee Future Dharma Fund. All the trustees already have many years of involvement in the Triratna Buddhist Community and a number of years’ experience of trusteeship of Buddhist charities. ## **Trustee Induction and Training** As indicated above, as members of existing charities the trustees will have a background in the governance of other Buddhist charities. In addition, resources are made available to them such as a Trustees Handbook and further guidance from the Charity Commission. ## **Responsibility of the Trustees** Charity law requires the trustees to prepare financial statements each year which give a true and fair view of the state of affairs of the charity at the balance sheet date, and of both incoming resources, and application of resources for the financial year. In preparing those financial statements, the trustees should follow best practice and: - ●Select suitable accounting policies and then apply them consistently - ●Make judgements and estimates that are reasonable and prudent; and - ●Prepare the financial statements on the going concern basis unless it is inappropriate to assume the CIO will continue on that basis. The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **Members of the Trustee Body** The trustees, who served during the year and up to the date of this report, are set out on page 3. ## **FutureDharma Team** This year the charity employed a team equivalent of 5.1 full time posts (FTE), including team members who are self-employed. As many roles are part-time, in total the charity employed 11 individuals during the course of the year. Collectively known as the Future Dharma Team, these people work under the Team Director to implement the aims, objectives, strategy and priorities of the charity and, in particular, to conduct fundraising and manage the grant application process. All team members, including the Team Director, are responsible to the trustees. ## **Risk Management** Future Dharma Fund. Charity number: 1167344 8 The Future Dharma team and trustees conduct an annual review of the major risks to which the charity is exposed. A risk register has been established and is updated annually. Where appropriate, systems or procedures will be established to mitigate any likely and significant risks the charity faces. The possibility of fundraising not achieving its targets has led to a policy on reserves and the diversification of fundraising will be further explored and developed. Internal control risks have been minimized by the implementation of procedures for authorization of financial transactions for amounts over defined thresholds, as defined by an expenditure authority limits policy. ## **Plans for future periods** ## **Future Developments** The Charity will continue with the work and activities that fulfil its objectives and principle activities namely, (i) encouraging members and others to live in accordance with the teachings of Buddha, (ii) supporting ordained members of the Triratna Buddhist community and other duly ordained Buddhists, at the discretion of the charity trustees of the CIO, (iii) maintaining close communication with and working under the guidance of the Triratna Buddhist order and in cooperation with other groups with the same or similar objects, and (iii) using applications of the Buddha’s teaching to promote the health and wellbeing of all. With the increase in charity funds, in 2021 the Charity decided to open additional savings accounts to ensure that the funds benefited from the Financial Services Compensation Scheme. Subject to fundraising success grants will be awarded to a range of projects throughout the Triratna Buddhist Community International who share the same aims and objectives as the Future Dharma Fund and whose purpose and activities serve the strategy and priorities of the charity. ## **Declarations** The trustees declare that they have approved the trustees’ report above Signed on behalf of the charity’s trustees Signature Full name(s) Position Date Future Dharma Fund. Charity number: 1167344 |**Future Dharma Fund**|**Future Dharma Fund**|**Future Dharma Fund**|**Charity No**|**1167344**| |---|---|---|---|---| |Annual accounts for theperiod||||| |**Period start date**|**01/01/2020**|**To**|**Period end**
**date**|**31/12/2020**| ## **Section A Statement of financial activities** |**Recommended categories by**
**activity**
Guidance Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Net movement in funds_**
Total funds brought forward
**_Total funds carried forward_**
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own use
**_Total_**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05| |---|---|---|---|---|---| ||258,548|144,167|-|402,715|220,647| ||-|9,321|-|9,321|30,286| ||-|-|-|-|-| ||-|-||-|-| ||-|-|-|-|-| ||-|-|-|-|-| ||258,548|153,489|-|412,037|250,933| ||||||| ||44,764|-|-|44,764|-| ||187,700|123,989|-|311,689|293,664| ||-|-|-|-|-| ||178
-|-|-|178
-|4,538| ||232,285|123,989|-|356,274|298,203| ||||||| ||26,263|29,500|-|55,763|47,269| ||-|-|-|-|-| ||26,263|29,500|-|55,763|47,269| ||-|-|-|-|-| ||38,214|38,214
-|-|-|-| ||||||| ||-|-|-|-|-| ||1
-|-|-|1
-|-| ||64,476|8,714
-|-|55,762|47,269| ||||||| ||85,945|14,861|-|100,806|148,075| |||||-|| ||150,422|6,146|-|156,568|100,806| ## **Section B Balance sheet** |**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**
Signed by one or two trustees on behalf of all
the trustees|Guidance Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**£**
F01|
**Restricted**
**income**
**funds**
**£**
F02|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Endowment**
**funds**
**Total this**
**year**
**£**
**£**
F03
F04|**Total last year**
**£**
F05| |---|---|---|---|---|---|---| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-||-|-| |||-|-|-|392|-| |||-|-|-|-|-| |||-|-|-|161,441|104,111| |||-|-|-|161,833|104,111| |||||||| |||-|-|-|5,265|3,305| |||||||| |||-|-|-|156,568|100,806| |||||||| |||-|-|**-**|156,568|100,806| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||||||| |||-|-|-|156,568|100,806| |||||||| |||-|||-|-| ||||-||6,146|14,861| |||||-|150,422|85,945| ||||||-|| |||-|-|-|156,568|100,806| |||||||| |||Signature||Print Name||Date of
approval
dd/mm/yyyy| |||||||| |||||||| CC17a (Excel) 31/07/2021 2 ## **Section C Notes to the accounts** Note 1 **Basis of preparation** _**This section should be completed by all charities** ._ ## **1.1 Basis of accounting** These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with: the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 • and with* ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) • and with the Charities Act 2011. The charity constitutes a public benefit entity as defined by ✓ FRS 102.* * -Tick as appropriate ## **1.2 Going concern** _**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_ |Where accounts are not prepared on a going
concern basis, please disclose this fact
together with the basis on which the trustees
prepared the accounts and the reason why
the charity is not regarded as a going concern.
Disclosure of any uncertainties that make the
going concern assumption doubtful;
An explanation as to those factors that
support the conclusion that the charity is a
going concern;|**_Not applicable_**| |---|---| ||**_Not applicable_**| ||**_Not applicable_**| ## **1.3 Change of accounting policy** The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }. Yes* ✓ * -Tick as appropriate No* ✓ _**Please disclose:**_ |**_Please disclose:_**|| |---|---| |**_(i) the nature of the change in accounting policy;_**|Discontinuation of support cost use| |**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|Support costs are not providing relevant information for
decision-making by the charity| ## **1.4 Changes to accounting estimates** No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP). Yes* ✓ * -Tick as appropriate No* ✓ ## **1.5 Material prior year errors** No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP). Yes* ✓ * -Tick as appropriate No* ✓ CC17a (Excel) 31/07/2021 3 ## **Section C Notes to the accounts (cont)** ## **Note 2 Accounting policies** ## **2.2 INCOME** |**Note 2 Accounting policies**
**2.2 INCOME**|||| |---|---|---|---| |_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a_
_different or additional policy has been adopted then this is detailed in the box below._|Yes
No
N/a||| |**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as income
with an equivalent amount recognised as an expense under the appropriate heading in
the SOFA.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on receipt.
In the reporting period in which the stocks are distributed, they are recognised as an
expense at the carrying amount of the stocks at distribution.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable can
be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
**Investment gains and**
**losses**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
These are included in the Statement of Financial Activities (SoFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Donated goods**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
There has been no offsetting of assets and liabilities, or income and expenses, unless required or
permitted by the FRS 102 SORP or FRS 102.
**Grants and donations**
Grants and donations are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SoFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the extent
that the charity has provided the specified goods or services as entitlement to the grant
only occurs when the performance related conditions are met (5.16 FRS 102 SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has been
grant of probate, the executors have established that there are sufficient assets in the
estate and any conditions attached to the legacy are either within the control of the charity
or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the donor.
Any Gift Aid amount recovered on a donation is considered to be part of that gift and is
treated as an addition to the same fund as the initial donation unless the donor or the
terms of the appeal have specified otherwise.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SoFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SoFA.
Gifts in kind for use by the charity are included in the SoFA as income from donations
when receivable.
**Support costs**
The charity has incurred expenditure on support costs.
**Volunteer help**
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in 'Income
from other trading activities' with the corresponding stock recognised in the balance
sheet. On its sale the value of stock is charged against 'Income from other trading
activities' and the proceeds from sale are also recognised as 'Income from other trading
activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SoFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is described
in the trustees’ annual report.|||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ## **2.3 EXPENDITURE AND LIABILITIES** |**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Current asset**
**investments**
The charity has has investments which it holds for resale or pending their sale and cash and cash
equivalents with a maturity date less than one year. These include cash on deposit and cash
equivalents with a maturity date of less than one year held for investment purposes rather than to
meet short term cash commitments as they fall due.
They are valued at fair value except where they qualify as basic financial instruments.
**Debtors**
Debtors (including trade debtors and loans receivable) are measured on initial recognition at
settlement amount after any trade discounts or amount advanced by the charity. Subsequently,
they are measured at the cash or other consideration expected to be received.
**Stocks and work in**
**progress**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net
realisable value.
Goods or services provided as part of a charitable activity are measured at net realisable value
based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot be
measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through custody
or legal rights. The amortisation rates and methods used are disclosed in note 9.5
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 9.2.
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of the
obligation can be measured with reasonable certainty.
The charity accounts for basic financial instruments on initial recognition as per paragraph
11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19,
FRS102 SORP.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and its
compliance with regulation and good practice.
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date
**Basic financial**
**instruments**
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least
**Redundancy cost**|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a| |---|---|---|---| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ||Yes
No
N/a||| ||✓|✓|✓| ## **Section C Notes to the accounts (cont)** ## **Note 3 Analysis of income** |**Note 3 Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**| |---|---|---|---|---|---|---| |**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
Donations and gifts
252,887 144,167-397,055 180,502
Gift Aid
- - -40,146
Legacies
- - - - -
General grants provided by government/other
charities
5,661
-5,661-
Membership subscriptions and sponsorships
which are in substance donations
- - - -
Donatedgoods,facilities and services
- -
- -
Other
- - - -
**Total** 258,548 144,167 - 402,715 220,647
- - - - -
Projects, funds & courses
-21,247
Third party appeals
9,321
9,321 9,039
Other
- - - - -
**Total**
- 9,321 -9,321 30,286
Interest income
- - - - -
Dividend income
- - - - -
Rental and leasing income
- - - - -
Other
- - - - -
**Total**
- - - - -
258,548 153,489-412,037 250,933
**Other information:**
**TOTAL INCOME**
**Income from**
**investments:**
**Charitable**
**activities:**
**Analysis**
**Donations**
**and legacies:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**|||||| ||Donations and gifts|252,887|144,167|-|397,055|180,502| ||Gift Aid||-|-|-|40,146| ||Legacies|-|-|-|-|-| ||General grants provided by government/other
charities|5,661||-|5,661|-| ||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|| ||Donatedgoods,facilities and services|-|-||-|-| ||Other|-|-|-|-|| ||**Total**|258,548|144,167|-|402,715|220,647| |||||||| |||-|-|-|-|-| ||Projects, funds & courses||||-|21,247| ||Third party appeals||9,321||9,321|9,039| ||Other|-|-|-|-|-| ||**Total**|-|9,321|-|9,321|30,286| |||||||| ||Interest income|-|-|-|-|-| ||Dividend income|-|-|-|-|-| ||Rental and leasing income|-|-|-|-|-| ||Other|-|-|-|-|-| |||-|-|-|-|-| |||||||| |||258,548|153,489|-|412,037|250,933| |||||||| |**All income in the prior year was unrestricted except for:**
**(please provide description and amounts)**||Australia & NZ projects £7,279; Australia young persons co-
ordinator £4,020; Global pioneers fund £1,957; International
leadership course £1,500; Triratna Warsaw £631; Bhante collected
works £7,339; Ordination course dana £1,700; Translations £860;
Windhorse Publications £5000||||| CC17a (Excel) 31/07/2021 6 **Section C Notes to the accounts (cont)** ## **Note 4 Analysis of receipts of government grants** |**Government grant 1**
**Government grant 2**
**Government grant 3**
**Government grant 4**
**Government grant 1**
**Government grant 2**
**Government grant 3**
**Other**|**This year**
**£**
**Description**|**This year**
**£**
**Description**| |---|---|---| ||Coronavirus Job Retention Scheme|1,818| ||Coronavirus Job Retention Scheme|1,406| ||Coronavirus Job Retention Scheme|1,496| ||Coronavirus Job Retention Scheme|940| ||**Total**
**Description**|5,661| |||**Last year**
**£**| |||-| |||-| |||-| |||-| ||**Total**|-| CC17a (Excel) 31/07/2021 7 ## **Section C Notes to the accounts (cont)** ## **Note 6 Analysis of expenditure** |**Note 6 Analysis of**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**|**expenditure**| |---|---|---|---|---|---|---|---|---| |**Analysis**
**Expenditure on raising funds:**|**Unrestricted**
**funds**
**Restricted**
**income funds**
**Endowment**
**funds**
**Total funds**
**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**£**
**This year**
**Last year**|||||||| |Incurred seeking donations & grants|39,671|-|-|39,671|-|-|-|-| |Advertising, marketing, direct mail and
publicity|5,093|-|-|5,093|-|-|-|-| |**Total expenditure on raising funds**|44,764|-|-|44,764|-|-|-|-| |**Expenditure on charitable activities:**||||||||| |Cost of grants made|107,832|123,989|-|231,821|112,577|97,851|-|210,429| |Future Dharma Team|70,567|-|-|70,567|62,008|-|-|62,008| |Events, retreats & expenses|9,300|-|-|9,300|21,228|-|-|21,228| ||-|-|-|-|-|-|-|-| |**Total expenditure on charitable**
**activities**|187,700|123,989|-|311,689|195,813|97,851|-|293,664| |**Other**||||||||| |Governance|-178|-|-|-178|4,538|-|-|4,538| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| ||-|-|-|-|-|-|-|-| |**Total other expenditure**
**TOTAL EXPENDITURE**|- 178|-|-|- 178|4,538|-|-|4,538| ||232,285|123,989||356,274|200,351|97,851|-|298,203| ## **Other information:** ## **Analysis of expenditure on charitable activities** ||**Thisyear**|**Thisyear**|**Thisyear**|**Thisyear**|**Lastyear**|**Lastyear**|**Lastyear**|**Lastyear**| |---|---|---|---|---|---|---|---|---| |**Activity or programme**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total this year**|**Activities**
**undertaken**
**directly**|**Grant**
**funding of**
**activities**|**Support**
**Costs**|**Total last**
**year**| ||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**| |FutureDharmaTeam|70,567|-||70,567|62,008|-|7,610|69,618| |Events,retreats & expenses|9,300|-||9,300|10,658|-|740|11,398| |Costs ofgrantsmade||231,821||231,821|-|210,429|2,220|212,648| |**Total**|79,867|231,821|-|311,689|72,666|210,429|10,569|293,664| |||||||||| CC17a (Excel) 31/07/2021 8 ## **Section C Notes to the accounts** ## **Note 9 Support Costs** ## _**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_ ## **This year** |**Support cost**
**(examples)**|**Raising funds**|**Costs of grants**
**made**|**Future Dharma**
**Team**|**Events &**
**retreats**|**Grand total**|**Basis of allocation**| |---|---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**|**(Describe method)**| |||||||| |||||||| |||||||| |||||||| |||||||| |**Total**||||||| ## **Last year** |**Support cost**
**(examples)**|**Raising funds**|**Costs of grants**
**made**|**Future Dharma**
**Team**|**Events &**
**retreats**|**Grand total**|**Basis of allocation**| |---|---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**|**(Describe method)**| |Bookkeeping||1,796|524|175|2,495|Charitable expenditure activity| |Advertising &
Promotion||1,327|387|129|1,842|Charitable expenditure activity| |Room Hire||360|105|35|500|Charitable expenditure activity| |Support Workers||3,431|1,001|334|4,765|Charitable expenditure activity| |Misc. Costs||696|203|68|966|Charitable expenditure activity| |**Total**|-|7,610|2,220|740|10,569|| _**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_ Support costs are allocated directly in single activities. Those support costs which are not attributable to a single activity are apportioned between activities consstent with the use of resources. CC17a (Excel) 31/07/2021 9 ## **Section C Notes to the accounts** ## **Note 10 Details of certain items of expenditure** ## **10.1 Fees for examination of the accounts** _**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_ |**Other fees (for example: financial advice, consultancy, accountancy services) paid**
**to the independent examiner**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||200|200| ||-|-| ||-|-| ||300|300| CC17a (Excel) 31/07/2021 10 **Section C Notes to the accounts (cont)** ## **Note 11 Paid employees** ## _**Please complete this note if the charity has any employees.**_ ## **11.1 Staff Costs** **Salaries and wages Contract workers wages Social security costs Pension costs (defined contribution scheme) Other employee benefits** |**Total staff costs**|**This year**
**£**|**Last year**
**£**| |---|---|---| ||80,358|59,721| ||21,652|| ||4,459|276| ||3,769|2,010| ||-|-| ||110,238|62,008| **This year:** **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:** **Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party** Viryanaga is employed as systems and finance director. During the period Viryanaga was paid for his services to Triratna Brixton and Future Dharma. This consisted of support, retreats & expenses. As secretary and director, Nandavajra is deemed key management personnel. During the period Nandavajra was employed by the Triratna Chairs assembly, a connected charity, and was paid in respect of services to both charities. This consisted of support, retreats & expenses. _**Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.**_ **No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000** **TRUE** |**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**The parts of the charity in which staff**
**work**
**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees, see**
**Note 28.**
**11.2 Average head count in the year**|**Fundraising**
**Charitable Activities**
**Governance**
**Other**
**Total**
**The parts of the charity in which staff**
**work**
**Please provide the total amount paid to key management**
**personnel (includes trustees and senior management) for their**
**services to the charity. For specific amounts paid to trustees, see**
**Note 28.**
**11.2 Average head count in the year**|**Thisyear**|**Lastyear**| |---|---|---|---| |||**£**|**£**| |||18,839
|9,702| ||||| |||**This year**
**Number**|**Last year**
**Number**| ||**Fundraising**|1.6|-| ||**Charitable Activities**|3.5|4| ||**Governance**|-|-| ||**Other**|-|-| ||**Total**|5.1|4| Note: The total for contract workers last year are included in support costs in note 9 CC17a (Excel) 31/07/2021 11 **Section C Notes to the accounts (cont)** **Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.** ## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_ |**Please explain the basis for allocating the liability and expense of**
**defined contribution pension scheme between activities and**
**between restricted and unrestricted funds.**
**Amount of contributions recognised in the SOFA as an expense**|**Thisyear**|**Lastyear**| |---|---|---| ||**£**|**£**| ||3,769|2,010| |||| ||Unrestricted and direct
cost
|Unrestricted and direct
cost| CC17a (Excel) 31/07/2021 12 ## **Section C Notes to the accounts (cont)** ## **Note 13 Grantmaking** _**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_ ## **This year:** ## **13.1 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**|**Total**| |---|---|---|---|---| ||||**£**|**£**| |Central Projects|63,386||-|63,386| |Major Projects|147,194|3,065|-|150,259| |Small Grants|5,820|-2,469|-|3,351| |Thirdpartyappealgrants|14,825||-|14,825| |**_Total_**|**231,226**|**596**|**-**|**231,821**| ## **13.2 Grants made to institutions** |**13.2 Grants made to institutions**|**13.2 Grants made to institutions**||| |---|---|---|---| |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**||**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| ||||**_Provide details_**
**_below_**| ||||| |**Names of institution**||**Purpose**|**Total amount of**
**grantspaid £**| |Buddhist Centre Online (Dharmachakra)|Ongoing funding of charity needs||11,000| |Windhorse publications|Ongoing funding of charity needs||15,996| |India Dhamma Trust|Support for India ordination team & preceptors||55,297| |TBMSG Nagpur (India)|Indian movement co-ordinator & communications project||7,512| |Triratna Institute (India)|Youth project, retreat centre support & ordination teams||32,001| |Triratna Macleay Valley|Australia & New Zealand projects, KM4 Australia||7,858| |Sydney Buddhist Centre|Australia & New Zealand projects, Young person coordinator||10,037| |Clear Vision Trust|Ongoing funding of charity needs||3,250| |International Council/ Preceptors College|Ongoing funding of charity needs, Sikkha project||46,140| |Triratna Warsaw|Developing sangha in Warsaw, Translations||10,201| |Uddiyana|Image archive project||11,200| |Alfoxton Park Trust|Rennovation of Alfoxton Hall as retreat centre||1,000| |Bodhi Tree LBC|Schools project||2,820| |York Buddhist Centre|Rennovation and equipment of new centre||2,000| |Triratna Chairs Assembly|Translations||88| |**_Total grants to institutions in_**
**_reporting period_**
**_Other unanalysed grants (third party grants)_**
**_TOTAL GRANTS PAID_**|||**216,400**| ||||14,825| ||||231,226| CC17a (Excel) 31/07/2021 13 ## **Last year:** ## **13.3 Analysis of grants paid (included in cost of charitable activities)** |**Analysis**|**Grants to**
**institutions**|**Grants to individuals**|**Support costs**
**£**|**Total**
**£**| |---|---|---|---|---| |Central Projects|103,790.00|-|-|103,790.00| |Major Projects|97,897.83|-|-|97,897.83| |Small Grants|4,000.00|3,880.70|-|7,880.70| |**_Total_**|**205,688**|**3,881**|**-**|**209,569**| ## **13.4 Grants made to institutions** |**13.4 Grants made to institutions**||| |---|---|---| |**_My charity has made grants to particular institutions that are material in the_**
**_context of its grantmaking. Details of the institution supported, purpose of_**
**_the grant and total paid to each institution is available on the charity's web_**
**_site._**|**_Yes_**|**_Please provide_**
**_details of charity's_**
**_URL._**| |||**_Provide details_**
**_below_**| |**Names of institution**|**Purpose**|**Total amount of**
**grantspaid £**| |---|---|---| |Dharmachakra - Buddhist Centre Online|Ongoing funding of charity needs|46,500| |The Clear Vision Trust|Ongoing funding of charity needs|19,500| |Windhorse Publications|Ongoing funding of charity needs & collected works|60,899| |The International Council|Ongoing funding of charity needs|23,790| |Triratna Macleay Valley|Australia & New Zealand projects, KM4 Australia,|5,172| |Sydney Buddhist Centre|Australia & New Zealand projects, Young person coordinator|10,902| |Melbourne Buddhist Centre|Young person coordinator|3,981| |Triratna Warsaw|Developing Warsaw sangha|10,800| |India Dhamma Trust|Indian youth project & co-ordinator|16,173| |Merida Buddhist Centre|Support for Venezualan sangha|3,970| |Adhisthana|Preceptors college|1,500| |Guhyaloka|Ordination course support for Venezualan mitras|1,700| |MTU Budhakoda|Support for Estonian sangha|800| |**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**||**205,688**| |||-| |||205,688| CC17a (Excel) 31/07/2021 14 ## **Section C Notes to the accounts (cont)** ## **Note 19 Debtors and prepayments** _**Please complete this note if the charity has any debtors or prepayments.**_ **19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors Total** |**This year**
**£**|**Last year**
**£**| |---|---| |-|-| |-|-| |392|-| |392|-| CC17a (Excel) 31/07/2021 15 ## **Section C Notes to the accounts (cont)** ## **Note 20 Creditors and accruals** _**Please complete this note if the charity has any creditors or accruals.**_ ## **20.1 Analysis of creditors** |**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total**|**Amounts falling due within**
**oneyear**|**Amounts falling due within**
**oneyear**|
**Amounts falling due after**
**more than oneyear**|
**Amounts falling due after**
**more than oneyear**| |---|---|---|---|---| ||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**| ||-|-|-|-| ||-|-|-|| ||-|-|-|-| ||-|-|-|-| ||5,265|3,305||-| ||-|-|-|-| ||-|-|-|-| ||5,265|3,305|-|-| CC17a (Excel) 31/07/2021 16 ## **Section C Notes to the accounts (cont)** ## **Note 24 Cash at bank and in hand** |**Note 24 Cash at bank and in hand**||| |---|---|---| |**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**| ||-|-| ||-|-| ||161,441|104,111| ||-|-| ||161,441|104,111| CC17a (Excel) 31/07/2021 17 **Section C Notes to the accounts (cont)** **Note 27 Charity funds** ## **27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet. * Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|
**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund balances**
**carried**
**forward**
**£**| |General Funds|UR|Unrestricted funds|85,945|258,548|-232,285|38,214|-1|150,422| |Buddhist Centre Online|R|From Padmapushpa|-|1,050|-1,050||-|-| |European chairs assembly|R|Funds for Centre media projects|-|10,000|-10,000|||-| |Global pioneers fund|R|Supporting pioneers to introduce Dharma
activities to new regions, areas or groups.|267||670|-267||670| |India Dhamma Trust-transfers|R|Supporting ordination teams and
preceptors in India|-|77,866|-55,297|-19,466|-|3,103| |India (inc. for India Dhamma
Trust)|R|Supporting Dharma activities in India|-|49,129|-36,477|-12,282||370| |Indian movement co-ordinator|R|||1,300|-1,300|||| |Indian Youth Project|R|Support Dharma activities for young
people|-|1,736|-1,736||-|-| |International leadership course|R|Burseries from Adhisthana for those from
low income countries to attend the 4 week
International course at Adhisthana|1,500|||||1,500| |KM4 Australia|R|Support Dharma activities in Australia|-|547|-547|-|-|-| |Translations|R|Funds for translations of Dharma texts|860|1,490|-2,350||-|0| |Triratna Warsaw|R|Support Dharma activities in Warsaw|4,302|1,050|-1,581|-3,771|-|-0| |Venezuala appeal|R|Support for Dharma activities in
Venezuala|495|||8||503| |Women's oral history 2018|R|Support for documentation of Triratna
women's history administered by the
Women's History Project Team|2,955|||-2,955||-| |3rd party appeal: Abhayaratna
Trust|R|From Dhammasena|-|5,913|-5,913||-|-| |3rd party appeal: Adhisthana
India|R|From Padmapushpa||100|-100|||-| |3rd party appeal: Adhisthana
India|R|Travel expenses for Indian Order
members to attend 4 week International
course at Adhisthana|1,526|||-1,526||-| |3rd party appeal: Guhyavajra
support|R|Funds to support move from Sweden to
New Zealand to recommence building
works on the Sudarshanaloka retreat
centre|2,955||-|-2,955|-|-| |3rd part appeal: India coronavirus
appeal (Dhammaloka)|
R|Supporting Indian social and Dhamma
workers to fundraise for various projects|-|996|-996|-|-|-| |3rd party appeal: Karuna|R|From Triratna Wellington||2,312|-2,312|||-| |3rd party appeal: Triratna Trust|R|Support Triratna Order conventions|||-5,000|5,000||-| |**Total Funds**|||100,806|412,037|- 356,274|-|- 1|156,568| CC17a (Excel) 31/07/2021 18 **Section C Notes to the accounts (cont)** **Note 27 Charity funds (cont)** ## **27.2 Details of material funds held and movements during the PREVIOUS reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the blanace sheet.**_ _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_ |**_funds_**||||||||| |---|---|---|---|---|---|---|---|---| |**Fund names**|**Type PE, EE**
**R or UR ***|**Purpose and Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**| |General Funds|UR||69,678|220,647|
-200,351|
-4,028||85,946| |Australia and New Zealand
Projects|R||0|7,279|-7,279|||| |Australia Young Person
Coordinater|R|Support for the Australia and New Zealand
young person coordinators administered by
Sydney, Melbourne, Auckland and
Wellington Buddhist Centres|
6,836|4,020|-11,359|503||0| |Global PioneersFund|R|Supporting pioneers to introduce Dharma
activities tonew regions, areas orgroups.|19,854|
1,957|
-21,544|||267| |International Leadership Course|R|Burseries from Adhisthana for those from
low income countries to attend the 4 week
Internationalcourse atAdhisthana||1,500||||1,500| |TriratnaWarsaw|R|Supportfor Dharma activitiesin Warsaw|3,771|
631|
-100|||4,302| |3rd party appeals: Bhante
collectedworks|R|Productionof Bhante's collectedworks|36,035|7,339|-46,899|3,526||0| |3rd party appeals: Ordination
course dana|R|Burseries from Adhisthana for those from
low income countries to attend the 4 week
Interationalcourse atAdhisthana||1,700|-1,700|||0| |3rd party appeals: Adhisthana
India|R|Travel expenses for Indian Order members
to attend 4 week International course at
Adhisthana|
1,526|||||1,526| |3rd party appeals: Guhyavajra
support|R|`|2,955|||||2,955| |Translations|R|Fundsfortranslations of Dharma texts||860||||860| |VenezualaAppeal|R|Supportfor Dharma activitiesin Venezuala|4,465||-3,970|||495| |Women's Oral History2018|R|Support for documentation of Triratna
women's history administered by the
Women'sHistoryProjectTeam|2,955|||||2,955| |WindhorsePublications|R|Resricted use as part of ongoing funds to
WindhorsePublications|0|5,000|-5,000|0|0|0| |**Total Funds**|||148,075|
250,933|
-298,203|
0|
0|
100,806| CC17a (Excel) 31/07/2021 19 ## **Section C Notes to the accounts (cont)** ## **Note 27 Charity funds (cont)** ## **27.3 Transfers between funds This year** |**Thisyear**||| |---|---|---| ||**Reason for transfer and where endowment is converted to income,**
**legalpower for its conversion**|**Amount**
| |Between unrestricted and
restricted funds|Transfer of funds from unrestricted to restricted for Order Office
convention contribution (£5000). Transfer of funds from restricted to
unrestricted for India fundraising and supporter care (£31,748), unused
funds allocated to Guhyavajra (£2,955) and correction to overstatement
of restricted funds in previous accounting years (£8,511).|£ 38,214| |**Lastyear**||| ||**Reason for transfer and where endowment is converted to income,**
**legal power for its conversion**|**Amount**
| |Between unrestricted and
restricted funds|Transfer of funds from unrestricted to restricted to cover shortfall in
funds required|£ 4,028| CC17a (Excel) 31/07/2021 20 ## **Section C Notes to the accounts (cont)** ## **Note 28 Transactions with trustees and related parties** _**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_ ## **28.2 Trustees' expenses** _**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_ |**No trustee expenses have been incurred (True or False)**||_FALSE_| |---|---|---| |||| |**Type of expenses reimbursed**|**This year**|**Last year**| ||**£**|**£**| |**Travel**|126|208| |**Subsistence**|-|-| |**Accommodation**|-|-| |**Other (please specify):**|-|-| ||-|-| |**TOTAL**|126|208| |**Please provide the number of trustees reimbursed for expenses or who**
**had expenses paid by the charity**||| ||2|3| ## **28.3 Transaction(s) with related parties** _**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_ ## **This year** **There have been no related party transactions in the reporting period (True or False)** _**FALSE**_ |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**|**Amounts**
**written off**
**during**
**reporting**
**period**
| |---|---|---|---|---|---|---| ||||**£**|**£**|**£**|**£**| |Triratna Buddhist
Community (Brixton)|Viryanaga is
employed by
Triratna
Brixton as
Chair|Triratna Brixton
contributes to half of
Viryanaga's support
costs for services|10,398|0||| ## **Last year** |**Last year**|**Last year**|**Last year**|**Last year**|**Last year**|**Last year**||| |---|---|---|---|---|---|---|---| |**There have been no related party transactions in the reporting period (True or False)**||||||**_FALSE_**|| ||||||||| |**Name of the trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**
| ||||**£**|**£**|**£**||**£**| |Triratna Chairs Assembly|Connected
charity from
which Future
Dharma started
as a fundraising
project|
Bookkeeping|1278|0|||| CC17a (Excel) 31/07/2021 21 (HARITY COMMISSION FOR ENGIAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of Future Dharma Fund On accounts for the year ended 31.12.2020 Charlty no (if any) 1187344 I report to the trustees on my examination of the accounts of the above charity nhe Trusf) for the year ended 31112r2020. As the charity's trustees. you are responsible forthe preparation of the accounts in accordance with the requirements of the Charities Act 2011 he Acf). I report in resp8Ct of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination. I have followed all the applicable Directions given by the Charity Commission under section 145(5}(b) of the Act. Responslblllties and basls of Trport Indepandent The charity's gross income exceeded £250.000 and l am qualified lo examinerfs statsment urKlertake the examination by being a qualified member of A4T. I have completed my examination. I confim) that no material matters have come to my attention in connection with the examination which gives me cause to believe that in. any material respect.. the accounting records were not kept in accordance with section 130 of the Charities Act. or the accounts did not accord with the accounting records., or the accounts did not comply with the applicable requirements concerning the fomi and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requi￿rnent that the accounts give a Yrue and fairf view which is not a matter conS￿ered as part of an independent examination. I have no ¢oncems and have come across no other matters in connecti