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2021-05-31-accounts

ANUKAMPA BHIKKHUNI PROJECT

(A company Limited by Guarantee)

Annual Report & Financial Statements For the year ended 31 May 2021

Registered Charity (England & Wales) : 1172570 Company Registration Number : 10158053

ANUKAMPA BHIKKHUNI PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

CONTENTS PAGES
Reference and Administrative Details of the charity, its trustees and advisers 02
Trustees’ Annual Report (Including Directors’ Report) 03 - 06
Independent Examiner’s Report 07
Statement of Financial Activities (Including Income & Expenditure Account) 08
Balance Sheet 09
Notes to the Financial Statements 10 - 15

ANUKAMPA BHIKKHUNI PROJECT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2021

Charity Name ANUKAMPA BHIKKHUNI PROJECT Charity No (England & Wales) 1172570 Company No (England & Wales) 10158053 Registered Office Aspen Cottage, 83, The Green Ewell, Epsom Surrey KT17 3JX Website Address www.anukampaproject.org All those who served as a Trustee in the reporting period and as at date, the report was signed are as follows. Current Trustees Ven . Bhikkhu Brahmavamso (Chair, appointed 05.12.2020) Dr. Caroline Starkey (Chair until 05.12.2020) Ms. Alison Claire French (Secretary) Ms. Nimesha Tehani Kaluarachchi – (Resigned 05.12.2020) Ms. Lushani Kodituwakku Mr. Sanjaya Kodituwakku Ms. Helen Merete Hancke Ms. Malika Vijayanthi Hapuarachchige Don (Treasurer) Ms. Susan Hatton Dabbagh (appointed 10.01.2021) Ms. Kelly Paola Kamiella Meuleman (appointed 27.04.2021) Bankers HSBC Bank PLC 54 High Street Surrey KT19 8DS Independent Examiner MGT CHARTERED ACCOUNTANTS Forensic Directors & Tax Advisers 23, Sangley Road London SE2 6QT

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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2021

The Trustees, who are the Directors of the Company for the purposes of company law, are pleased to present their Report and Financial Statements together with the Independent Examiner’s Report for the year ended 31 May 2021.

OBJECTS & ACTIVITIES

Objects

To advance Theravada Buddhism in the UK for the benefit of the public primarily by:

Public Benefit

Through its work, the charity does or will offer the following public benefits:

ACHIEVEMENTS & PERFORMANCE

Review

The online community has continued to thrive and grow, with Anukampa’s Spiritual Director Venerable Canda Bhikkhuni (Ven. Canda) offering regular teachings online via Zoom as well as organising a series of online retreats and events. These sessions and events have been very popular and well-received and have been an essential source of spiritual support and community during the pandemic. This year, the charity has a surplus fund of £116,940 in the unrestricted fund and is in a strong position to purchase a suitable property in the UK that will become a permanent Bhikkhuni residence and training monastery. The timeline for and choice of location of said property will, however, be dependent on there being lay support in the vicinity.

Organisation and Volunteers

The committed volunteer team has continued to expand. As well as small groups of finance and administration volunteers, two additional Trustees have joined the Trust and new volunteer teams have been set up to co-ordinate the co-hosting of Zoom sessions and the search for suitable properties. Anukampa continues to attract offers of support from the lay community who would like to be involved in helping the charity fulfil its aims.

Teaching and Community Engagement

The ongoing threat of COVID-19 has understandably curtailed in-person visits and teaching engagements, however Ven. Canda has engaged with a wider, often international community, online.

In addition to Ven. Canda offering thrice-weekly teachings via Zoom, online events organised by Anukampa include a 6-day meditation retreat with Ajahn Brahm and Ven. Canda, an 8-day meditation retreat with Ajahn Brahmali and Ven. Canda and a Vesak celebration day with Ven. Canda and Ajahn Brahm. Ven. Canda also accepted invitations to teach for meditation groups in Brighton, Bristol, Oxford and Sheffield, the latter being a 3-day New Year retreat online. The online Anukampa Newsletter, providing charity updates, event information and resources, now has 1961 subscribers, and the Anukampa Facebook page has 5858 followers.

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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2021

Dāna and Fundraising opportunities

All talks and retreats given have provided the direct opportunity for dāna (donations) to be offered by members of the public. There have been regular donations in response to the Zoom teachings and online events and Anukampa continues to meet its monthly expenses. The food dana system has continued to work effectively with supporters offering donations to cover Ven. Canda’s weekly food provisions.

Educational activities & materials

Recordings of retreats and talks have continued to be made public free of charge via Anukampa’s YouTube channel and via website links, with many being live- streamed at the time. Anukampa’s YouTube channel has just over 400 videos uploaded and approximately 3400 subscribers.

FINANCIAL REVIEW

Summary

The total Income receivable during the year ended 31 May 2021 totalled £156,340 (2020: £127,724) of which £39,400 (2020: £49,992) were expended on the charitable activities during the year. This resulted in a net increase in the unrestricted fund of £116,940 (2020: 86,278) during the year.

Anukampa maintains a bursary fund, restricted fund, which is made up of donations specifically received from donors. This restricted fund enables and subsidises low-income members of the public to attend the ticketed events at a reduced rate. Donations to the bursary fund during the year amounted to £412 (2020: £107) of which £0 (2020: £62) were utilised during the year ended 31 May 2021.

Risk Management

The Trustees regularly review the risks to which the Association is exposed. They do not consider that there are any substantial risks beyond the liabilities disclosed in the financial statements. The Charity’s insurance policy covers public liability and finance & administration liability. The Trustees accept that the Charity’s reputation could be at risk through activities such as money laundering but consider that the Charity has policies and procedures in place that provide reasonable protection to mitigate these risks.

Reserves Policy

The reserves policy is regularly reviewed and has been maintained at the previously agreed amount of £30,000.

STRUCTURE, GOVERNANCE & MANAGEMENT

Governing Document

The Charity was first established in 2016 as a charitable company registered under the companies Act 2007. It is now a charitable company limited by guarantee, which was incorporated on, and governed by its Articles of Association dated, 11 March 2016, (last amended November 2021). Each member of the Company is required to contribute an amount not exceeding £10 should the Company be wound up while he/she is a member, or within one year after he/she ceases to be a member. The Directors (trustees) are the members of the Company.

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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2021

Appointment of Trustees

The Board consists of:

Eligibility

General Organisational Structure

The Anukampa Bhikkhuni Project (“the Charity”) organisation has been designed with the following aims in mind:

The Charity’s structure is composed of the Trustees with legal responsibility for the running of the Charity, and the Volunteers who support Charity’s activities for free on an ‘as-needed’ basis. The Charity briefly engaged a paid team administrator whose role was to become a single point of coordination.

Trustees

The Trustees have the full legal responsibility for the running of the Charity as per AoA Article 29.2 and UK Gov, CC3a.

Volunteer Team

The Anukampa Bhikkhuni Project is supported by a team of volunteers. Volunteers are unpaid and have offered their time, skills or resources freely and without the expectation of remuneration or expenses. Volunteers may provide support on a one-off basis, such as helping to run an event, or on an on-going basis, in which case they may have agreed to complete certain responsibilities. Their support is not delivered under contract.

While the Trustees may also fit this definition and frequently interact with the wider Volunteer team, their extended responsibilities outlined above makes them a distinct organisational category. Within the Volunteer team, there is a core team supporting with key administration or operational activities of the Charity. The only difference between

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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2021

these volunteers and other volunteers is the frequency of the support offered; the core team tends to support on a recurring basis while the wider team of volunteers supports on a more ad hoc, needs-informed basis.

The core team currently consists of several interrelated volunteer roles whose incumbents perform specific tasks as the need arises and within the limitations of the time each volunteer can offer. At present, volunteers are coordinated by the Spiritual Director.

APPROVAL

This report, which has been prepared in accordance with the provisions within part 15 of the Companies Act (2006) relating to small companies, was approved by the trustees and signed on their behalf by:

----------Signed-------------------

Ms. Alison Claire French Secretary

---------24/02/2022--------------- Date

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ANUKAMPA BHIKKHUNI PROJECT INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MAY 2021

Independent examiner's report to the trustees of ANUKAMPA BHIKKHUNI PROJECT

I report on the accounts of the charity for the year ended 31 May 2021, which are set out on pages 8 to 15.

Respective responsibilities of trustees and independent examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no material matters have come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the:

  2. a) accounting records were not kept in accordance with section 386 of the Companies Act 2006; or b) the accounts do not accord with such records; or,

  3. c) the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination; or

  4. d) the accounts have not been prepared in accordance with the Charities SORP (FRS102)

  5. I 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 accounts to be reached.

------------ Signed --------------------Terrance Gunaratne Bsc, ACA, CPFA MGT Chartered Accountants and Tax Advisers 23, Sangley Road London SE25 6QT

9 March 2022

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ANUKAMPA BHIKKHUNI PROJECT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2021

Note
Income from:
Donations
4
Charitable Activities
5
Investments (Bank Interest)
Total
Expenditure on:
Charitable Activities
6
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds at the beginning
Total funds at the end
Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
133,918 412
134,330
22,167 -
22,167
255 -
255
156,340 412
156,752
39,400 - 39,400
39,400 - 39,400
116,940 412
117,352
- - -
116,940 412
117,352
1,155,765 1,195 1,156,960
1,272,705 1,607
1,274,312
Total
2020
£
99,058
25,714
3,059
127,831
50,054
50,054
77,777
-
77,777
1,079,183
1,156,960

All income and expenditure and the resulting net movement in funds arise from continuing operations.

There are no recognized gains or losses other than the net movement in funds for the year.

Comparative figures for the previous year by fund type are shown in Note 12.

The Notes on pages 10 to 15 form an integral part of these financial statements.

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ANUKAMPA BHIKKHUNI PROJECT BALANCE SHEET FOR THE YEAR ENDED 31 MAY 2021

Note
Current Assets:
Debtors & Prepayments
8
Cash at bank and in hand
Liabilities:
Creditors and Deferred Income
9
Net Current Assets
Net Assets
Funds of the charity:
Restricted funds
10
Unrestricted funds
10
Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
8,005 -
8,005
1,266,730 1,607
1,268,337
1,274,735 1,607
1,276,342
2,030 -
2,030
1,272,705 1,607
1,274,312
1,272,705
1,607
1,274,312
1,607 1,607
1,272,705 - 1,272,705
1,272,705 1,607
1,274,312
Total
2020
£
5,302
1,154,082
1,159,384
2,424
1,156,960
1,156,960
1,195
1,155,765
1,156,960

The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 May 2021:

The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The notes on pages 10 to 15 form an integral part of these financial statements.

These accounts, which have been prepared in accordance with the provisions in the Companies Act 2006 relating to small companies, were approved by the trustees on 25[th] Feb 2022 and signed on their behalf by:

----------Signed-------------------------------Signed---------- Ven. Bhikkhu Brahmavamso Ms. Malika V.H. Don Chair Treasurer

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

1. Basis of Preparation

1.2. Charity Status

The charity is a company limited by guarantee. The members of the company are the trustees named on page 2. In the event of the charity being wound up, the liability of the members is limited to a sum not exceeding £10, being the amount that each member undertakes to contribute to the assets of the charity.

2. Accounting Policies

2.1. Fund accounting

2.2 . Incoming Resources

2.3. Resources Expended and Liabilities

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

2.4. Support Costs and Employee Benefits

All Support Costs are paid from the unrestricted fund.

2.5. Tangible assets and Depreciation

2.6. Foreign Currencies

Transactions in foreign currencies are recognized and recorded at the rate prevailing at the time of the transactions. Monetary assets and liabilities are retranslated at the rate of exchange prevailing at the balance sheet date. Any difference are taken to the statement of financial activities.

2.7. Investment

2.8 . Creditors

2.9. Taxation

The charity is not liable to income tax or capital gains tax on its charitable activities.

2.10. Critical Accounting Estimates and Judgements

3. Transactions with Trustees and Related Parties

The charity has no employees.

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

4. Income from Donations

Donations
Sponsorship
Bursary Donations
HMRC Gift Aid
Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
130,070
-130,070
- --
- 412412
3,848
-3,848
133,918 412134,330
Total
2020
£
96,968

-
107
1,983
99,058

5. Income From Charitable Activities

Ticket Sales 2021
2020
£
£
22,167
25,714
22,167
25,714

6. Expenditure on Chartable Activities

Direct Costs
Conferences
Event Expenses
Bursary Cost
Unrestricted
Restricted
Total
Funds
Funds
2021
£
£
£
- --
( 805)
-
( 805)
-
--
(805)
-
( 805)
Total
2020
£
-
10,381
62
10,443

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

Expenditure on Chartable Activities (continued)

Support Costs
General Administration
Accommodation costs
Computer and IT costs
Light & Heat
Printing, Postage & Stationery
Telephone & Internet
Travelling
Bank Charges
Temporary staff
Paypal Charges
Monastic Expenses
Governance Costs (Note 7)
Total
302
-302
29,295
-29,295
727
-727
717
-717
32
-32
32
-32
- --
14
-14
1,102
-1,102
819
-819
6,415
-6,415
750
-750
40,205
-40,205
39,400
-39,400
302
25,923
258
722
623
41
2,750
72
-
648
7,582
690
39,611
50,054

7. Governance Costs

Independent Examiner's Fee 2021
£
750
750
2020
£
690
690

8. Debtors & Prepayments

Gift Aid receivable
Prepayments
Unrestricted
Restricted
Total
Total
Funds
Funds
2021
2020
£
£
£
£
4,115 -4,115
267
3,890 -3,890
5,035
8,005 -8,005
5,302

9. Creditors: amounts falling due within one year

Other creditors and accruals 2021
2020
£
£
2,030
2,424
2,030
2,424

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

10. Statement of funds Movement in funds - Current year

----- Start of picture text -----
As at Incoming Outgoing As at
01/06/20 Resources Resources Transfers 31/05/21
£ £ £ £ £
Unrestricted funds
General Fund 1,155,765 156,340 ( 39,400) - 1,272,705
Restricted funds
Sponsorship Fund - - - - -
Bursary Fund 1,195 412 - - 1,607
1,195 412 - - 1,607
Total Funds 1,156,960 156,752 ( 39,400) - 1,274,312
----- End of picture text -----

Statement of funds (continued) Movement in funds - Prior year

Unrestricted funds
General Fund
Restricted funds
Sponsorship Fund
Bursary Fund
Total Funds
As at
Incoming
Outgoing
01/06/19
Resources
Resources
Transfers
£
£
£
£
1,069,487 127,724
( 49,992)
8,546
8,546 - -
( 8,546)
1,150 107
( 62)
-
9,696 107
( 62)
( 8,546)
1,079,183 127,831
(50,054)
-
As at
31/05/20
£
1,155,765
-
1,195
1,195
1,156,960

11. Purpose of Funds

Unrestricted Funds

General fund

The fund that can be expended at the discretion of the trustees in furtherance of the objects of the charity.

Restricted Funds

Bursary Fund

Funding provided by the charity to enable low-income members of the public to ask for financial assistance to attend the ticketed events.

Sponsorship Fund Funding received by the charity to sponsor events and related tours attended by the spiritual director.

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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2021

12. Comparative income and expenditure by fund type

Income from:
Donations
Charitable Activities
Investments (Bank Interest)
Total
Expenditure on:
Charitable Activities
Total
Net income/(expenditure)
Transfers between funds
Net movement in funds
Reconciliation of funds
Total funds at the beginning
Total funds at the end
2021
2020
£
£
133,918 98,951
22,167 25,714
255 3,059
156,340 127,724
39,400 49,992
39,400 49,992
116,940 77,732
- 8,546
116,940 86,278
1,155,765 1,069,487
1,272,705 1,155,765
Unrestricted Fund
2021
2020
£
£
Restricted Fund

412
107
- -
- -

412
107
- 62
- 62
412
45
-
(8,546)
412
(8,501)
1,195 9,696
1,607
1,195

End of Report

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