ANUKAMPA BHIKKHUNI PROJECT
(A company Limited by Guarantee) Annual Report & Financial Statements For the year ended 31 May 2023
Registered Charity (England & Wales) : 1172570 Company Registration Number : 10158053
ANUKAMPA BHIKKHUNI PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
| CONTENTS | PAGES |
|---|---|
| Reference and Administrative Details of the charity, its trustees and advisers | 02 |
| Trustees’ Annual Report (Including Directors’ Report) | 03 - 07 |
| Independent Examiner’s Report | 08 |
| Statement of Financial Activities (Including Income & Expenditure Account) | 09 |
| Balance Sheet | 10 |
| Notes to the Financial Statements | 11 - 17 |
ANUKAMPA BHIKKHUNI PROJECT REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2023
Charity Name ANUKAMPA BHIKKHUNI PROJECT Charity No (England & Wales) 1172570 Company No (England & Wales) 10158053 Registered Office 16 Blenheim Close, Shepreth, ROYSTON, SG8 6PT 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) Alison Claire French (Secretary) Manori Kokila Wickremasinghe (Treasurer) (Appointed 21/11/2023) Thamali Ranuji Wickramasinghe (Appointed 18/04/2023) Kenneth Alfred Richardson (Appointed 06/08/2023) Elena Hui Ling Han (Appointed 21/11/2023) Matthew David Pountney (Appointed 10/12/2023) Trustees resigned/retired during the year Malika Vijayanthi Hapuarachchige Don (Trustee until 21/11/2023) Sanjaya Kodituwakku (Trustee until 06/08/2023) Kelly Paola Kamiella Meuleman (Trustee until 11/10/2022) Helen Merete Hancke (Trustee until 10/10/2022) Susan Hatton Dabbagh (Trustee until 9/10/2022) Bankers HSBC Bank PLC 54 High Street Surrey KT19 8DS Independent Examiner MGT SILVER THRONE Chartered Accountants & Tax Advisers 23, Sangley Road London SE25 6QT
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2023
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 2023.
OBJECTS & ACTIVITIES
Objects
To advance Theravada Buddhism in the UK for the benefit of the public primarily by:
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establishing and maintaining a residential center or centers offering material support for Theravada Buddhist bhikkhunis and women training towards full bhikkhuni ordination
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furthering the education of the public in the teachings and practices of the Buddha by organising educational activities.
Public Benefit
Through its work, the charity does or will offer the following public benefits:
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Provision of a place for religious practice and ceremony
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Promotion, support and modelling of moral and spiritual development
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Aid to mental wellbeing
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The fostering of prosocial qualities which can contribute to creating a more cohesive, harmonious society.
ACHIEVEMENTS & PERFORMANCE
Review
After an offer was made on a suitable property, the property was purchased and became a bhikkhuni vihara (monastery) in June 2022. This was a huge accomplishment, representing a historic first by fulfilling the charity’s objective of establishing a residence for Bhikkhunis and women training towards Bhikkhuni ordination in the UK.
Venerable Canda Bhikkhuni and other renowned monastic Buddhist teachers engaged in a full programme of teaching events throughout the summer of 2022, including approximately eight renowned guest bhikkhuni teachers and Ajahn Brahmali, who serves as one of our advisors.
With the monastery in operation, the lay community and volunteer team began to gather and practice together in greater numbers and become more engaged. Ajahn Brahm and Venerable Canda taught a seven-day residential retreat from the monastery in November 2022 with several retreatants present and an international community of around 80 people joining online.
In February 2023, Venerable Upekkha Bhikkhuni joined the community as a monastic guest in residence for four months which further helped develop the community, providing new opportunity for visitors to engage in Buddhist meal offering and blessing ceremonies, and practise meditation. Our online community continued to grow and contribute volunteer skills, meal offerings and donations to support the monastic community.
Organisation and Volunteers
The committed volunteer team has also continued to grow. The dedicated group of volunteers facilitated and recorded the summer teaching programme of guest monastics, reaching many thousands. Anukampa welcomed new members into the events team and had more people helping on the ground during tours.
There have been changes within the Trust, with several individuals who have been Trustees for a number or years resigning due to work and other commitments. This has given rise for opportunities for new Trustees to join in the future, and there are strong, prospective candidates within the key volunteer teams.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2023
Teaching and Community Engagement
With the monastery as a base, many overnight and day visitors had the rare opportunity for one-to-one engagement and personalised Buddhist meditation instruction from both resident bhikkhunis, as well as daily group meditation sessions.
Ven. Canda has continued to offer thrice-weekly teachings and guided meditations via Zoom, including the most popular Sutta (early Buddhist text) discussions, reaching an international audience. She has also organised peer-led sessions and guest Bhikkhuni teachings which are very popular via Zoom and receive thousands of viewings on YouTube. Venerable Upekkha, in residence for four months, also led Sutta discussions and guided meditations for the community and another senior Bhikkhuni and Anukampa advisor, Ayya Anandabodhi visited the monastery for a few days and taught.
Ajahn Brahm and Ven Canda led a seven-day meditation retreat at the monastery and online, reaching thousands of people through Anukampa’s YouTube channel and by livestreaming the events. Ajahn’s teaching tour also reached another thousand people through in-person public talks at hired venues, universities, and other monasteries around the country.
The online Anukampa Newsletter, providing charity updates, event information and resources, now has 2240 subscribers, our YouTube channel has 6600 subscribers, and the Anukampa Facebook page has 7000 followers.
Dana and Fundraising opportunities
All talks and retreats given continue to provide a 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 donations of food and other requisites by supporters.
In addition to this, Venerable Canda has been receiving regular meal offerings at the monastery, providing Buddhist groups and individuals an opportunity to make merit, receive blessings and practise meditation. The weekends have been especially busy and frequently booked full.
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 approximately 200 new video uploads this year, with a total of 660. The channel has approximately 6600 subscribers.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2023
FINANCIAL REVIEW
Summary
The total Income received/receivable during the year ended 31 May 2023 amounted to £194,293 (2022: £570,876) of which £53,446 (2022: £23,695) were expended on the charitable activities during the year. This resulted in a net increase of the unrestricted fund of £140,847 (2022: 547,181) during the year.
The charity maintains a bursary fund (restricted fund), which is made up of donations specifically received for the purpose of the fund. 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 £0 (2022: £50) and contributions worth £885 (2022: £0) were utilised during the year ended 31 May 2023.
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.
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 are the members of the Company. The Articles are supported by Regulations for Subscribing Members, which were last updated in November 2021.
Appointment of Trustees
The Board consists of:
Four Trustees elected by the Charity’s subscribing members to serve for a period not exceeding one year from the date of incorporation or appointment.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2023
Eligibility
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Elected Trustees must be subscribing members of the Association. Co-opted trustees may, but are not required to, be subscribing members of the Association
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The majority of the Trustees must be Full Members of the Association. Currently, four Trustees are full Members. Membership is not transferable
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Retiring Trustees are eligible for re-election or may be co-opted again
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The minimum number of Trustees shall be three
General Organisational Structure
The Anukampa Bhikkhuni Project (“the Charity”) organisation has been designed with the following aims in mind:
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To support the Spiritual Director to lead the Charity in its educational and religious purposes, without dedicating undue time to administrative activities
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To permit the Trustees to focus on core strategic activities
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To maximize the involvement of volunteers in the Charity’s operational work, while ensuring processes run in a coordinated fashion
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To accommodate new team members and volunteers, as support arises from within the lay community
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 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.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2023
Current Volunteer Team
Paul Michael Burton Social media coordinator and promotions Matthias Wolf YouTube and online events team Annie Yunnus Bookings and website Derek Sola Email administration Alison Claire French (Trustee) Email administration and Skype phone line Thamali Wickramasinghe (Trustee) Email administration Manori Wickremasinghe (Trustee) Online events team Anna Syanda In-person events Kareem Ghandour In-person events Gunther Strait In-person events and online events team Ishani Weerasuriya Finance volunteer Devika de Zoysa Finance volunteer
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
---12/02/2024--------
Date
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ANUKAMPA BHIKKHUNI PROJECT INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MAY 2023
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 2023, which are set out on pages 9 to 17.
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:
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examine the accounts under section 145 of the 2011 Act
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to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act, and
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to state whether particular matters have come to my attention
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:
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which gives me reasonable cause to believe that in any material respect the: 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,
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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
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d) the accounts have not been prepared in accordance with the Charities SORP (FRS102)
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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 SILVER THRONE Chartered Accountants & Tax Advisers
23, Sangley Road London SE25 6QT
19 February 2024
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ANUKAMPA BHIKKHUNI PROJECT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2023
| 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 2023 £ £ £ 126,267 - 126,267 60,932 - 60,932 7,094 - 7,094 |
Total |
|---|---|---|
| 2022 £ |
||
| 565,049 5,320 557 570,926 |
||
| 194,293 - 194,293 |
||
| (53,446) (885) (54,331) |
||
| (23,695) (23,695) |
||
| (53,446) (885) (54,331) |
||
| 140,847 (885) 139,962 - - - |
||
| 547,231 - 547,231 |
||
| 140,847 (885) 139,962 |
||
| 1,819,886 1,6571,821,543 | ||
| 1,274,312 1,821,543 |
||
| 1,960,733 772 1,961,505 |
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 14.
The Notes on pages 11 to 17 form an integral part of these financial statements.
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ANUKAMPA BHIKKHUNI PROJECT BALANCE SHEET FOR THE YEAR ENDED 31 MAY 2023
| Note Fixed assets Tangible assets 8 Current Assets: Debtors & Prepayments 9 Cash at bank and in hand Liabilities: Creditors and Deferred Income 10 Net Current Assets Net Assets Funds of the charity: Restricted funds 12 Unrestricted funds 12 |
Unrestricted Restricted Total Funds Funds 2023 £ £ £ 815,589 -815,589 5,677 - 5,677 1,153,396 772 1,154,168 1,159,073 772 1,159,845 13,929 - 13,929 1,145,144 772 1,145,916 1,960,733 772 1,961,505 - 772772 1,960,733 -1,960,733 1,960,733 772 1,961,505 |
Total 2022 £ |
|---|---|---|
| - 15,457 1,820,691 |
||
| 1,836,148 | ||
| 14,605 | ||
| 1,821,543 | ||
| 1,821,543 | ||
| 1,657 1,819,886 |
||
| 1,821,543 |
The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 May 2023:
-
the company was entitled to exemption from audit under section 477 of the Companies Act 2006, and
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members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Act. However, in accordance with section 44 of the Charities Act 2005, the accounts have been examined by an independent examiner whose report appears on page 8.
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 11 to 17 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 19 February 2024 and signed on their behalf by:
| --------------Signed----------------- | ---------Signed------------ |
|---|---|
| Ven. Bhikkhu Brahmavamso | Ms. Manori Wickremasinghe |
| Chair | Treasurer |
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
1. Basis of Preparation
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1.1. The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared under the historical cost convention, with items recognized at cost or transaction value, unless otherwise stated in the relevant note(s), in accordance with:
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a. The Charities Act 2011
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b. The Companies Act 2006
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c. The Financial Reporting Standard applicable in the UK and the Republic of Ireland: FRS102
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d. Accounting & Reporting by Charities: Statement of Recommended Practice (Charities SORP FRS102) (effective January 2015)
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
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a) Unrestricted funds are those that can be expended at the discretion of the trustees in the furtherance of the objects of the charity and have not been designated for other purposes.
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b) Designated funds are unrestricted funds earmarked by trustees for particular purposes.
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c) Restricted funds are those that may only be used for specific purposes. Restrictions arise when specified by the donor, funding authority or when funds are raised for specific purposes.
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d) The purposes of the funds are shown in Note 13.
2.2 . Incoming Resources
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(a) Income is recognised and included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to the income; receipt is probable; and the monetary value can be measured with sufficient reliability. No amounts are included in the financial statements for services donated by volunteers.
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(b) Where income has related expenditure (e.g. conferences and training courses), the income and
-
related expenditure are reported gross in the SoFA.
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(c) Subscriptions, conference fees, training courses fees and Bank interest is recognised when received and credited to the account.
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(d) Gift Aid is recognised in the same accounting period as the donation to which it relates.
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(e) Income, which is subject to conditions that are yet to be fulfilled by the charity at the year end, or subscriptions /ticket income on events which relate to future accounting period, are treated as deferred income.
2.3. Resources Expended and Liabilities
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(a) Expenditure is recognised on the accrual basis.
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(b) The charity is not registered for VAT, thus all costs are shown inclusive of VAT charged.
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(c) Liabilities are recognised as soon as there is a legal or constructive obligation to pay out resources.
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(d) Governance costs include the costs of preparation and examination of the statutory accounts, the cost of trustee meetings and the cost of any legal advice to trustees on governance or constitutional matters.
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
2.4. Support Costs and Employee Benefits
All Support Costs are paid from the unrestricted fund.
2.5. Tangible assets and Depreciation
-
a) Tangible assets are capitalised if they can be used for more than one year, and cost at least £1,000. They are valued at cost or, if gifted, at their value on receipt.
-
b) Land & Buildings are not depreciated
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 is taken to the statement of financial activities.
2.7. Investment
- Investment is recognised at cost.
2.8 . Creditors
-
a) Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers and third parties. The amounts are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognized initially at transaction price and subsequently measured at amortised cost using the effective interest method.
-
b) Creditors are normally recognised at their settlement amount, usually the invoice amount.
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c) Accrued charges are normally valued at their settlement amount.
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
-
a) In the application of charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
-
b) The estimates are underlying assumptions are reviewed on an on-going basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised where revision affects only that period, or in the period of revision and future period where revision affects both current and future period.
3. Transactions with Trustees and Related Parties
The charity has no employees.
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a) No trustees received any remuneration during the year (2022 - £nil).
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b) The charity's insurance policy includes Directors’ and officers’ liability.
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c) There were no material transactions with other related parties (2022: £nil).
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
4. Income from Donations
| Unrestricted | Restricted Total Total |
|
|---|---|---|
| Funds | Funds 2023 2022 |
|
| Donations | £ 122,394 |
£ £ £ -122,394 562,682 |
| Bursary Donations | - | -- 50 |
| HMRC Gift Aid | 3,873 | -3,873 2,317 |
| 126,267 | -126,267 565,049 |
5. Income from Charitable Activities
| Ticket Sales | 2023 £ 60,932 60,932 |
2022 £ |
|---|---|---|
| 5,320 | ||
| 5,320 |
6. Expenditure on Chartable Activities
| Direct Costs Event Expenses Bursary Cost |
Unrestricted Restricted Total Funds Funds 2023 £ £ £ 23,790 - 23,790 - 885 885 23,790 885 24,675 |
Total 2022 £ |
|---|---|---|
| 330 - |
||
| 330 |
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
Expenditure on Chartable Activities (continued)
| Support Costs General Administration Accommodation costs Computer and IT costs Light, Heat & Water Insurance Travelling Bank Charges Temporary staff Paypal Charges Professional fees Monastic Expenses Governance Costs (Note 7) Total |
630 -630 6,874 -6,874 2,297 -2,297 1,581 -1,581 700 -700 4,330 -4,330 341 -341 - -- 2,340 -2,340 2,120 -2,120 7,123 -7,123 1,320 -1,320 29,656 -29,656 53,446 88554,331 |
662 5,777 1,677 59 - 3,314 184 915 1,405 300 8,082 990 23,365 23,695 |
|---|---|---|
7. Governance Costs
Independent Examiner's Fee
----- Start of picture text -----
2023 2022
£ £
1,320 990
1,320 990
----- End of picture text -----
8. Fixed Assets
| Cost or valuation At 1 June 2022 Addition At 31 May 2023 Depreciation At 1 June 2022 Charge for the year At 31 May 2023 Net book value At 31 May 2022 At 31 May 2023 |
Land & Buildings £ At cost - 815,589 815,589 - - - - 815,589 |
|---|---|
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
9. Debtors & Prepayments
| Unrestricted Restricted Total Funds Funds 2023 £ £ £ Gift Aid receivable 1,122 -1,122 Prepayments 4,555 -4,555 5,677 -5,677 |
Total 2022 £ 2,317 13,140 |
|---|---|
| 15,457 |
10. Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Creditors and Accruals Deferred Income |
2023 £ 1,964 11,965 13,929 |
2022 £ |
| 1,290 13,315 |
||
| 14,605 |
11. Movements in Deferred income
| Fundraising income received in advance for 2022/23 Fundraising income received in advance for 2023/24 |
As at Funds Released As at 01/06/22 Received to income 31/05/23 £ £ £ £ 13,315 - ( 13,315) - - 11,965 - 11,965 13,315 11,965 (13,315) 11,965 |
|---|---|
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023
12. Statement of funds Movement in funds - Current year
| Unrestricted funds General Fund Restricted funds Sponsorship Fund Bursary Fund Total Funds |
As at Incoming Outgoing 01/06/22 Resources Resources Transfers £ £ £ £ 1,819,886 194,293 ( 53,446) - - - - - 1,657 - ( 885) - 1,657 - ( 885) - 1,821,543 194,293 (54,331) - |
As at 31/05/23 £ |
|---|---|---|
| 1,960,733 | ||
| - 772 |
||
| 772 | ||
| 1,961,505 |
Statement of funds Movement in funds - Prior year
| Unrestricted funds General Fund Restricted funds Sponsorship Fund Bursary Fund Total Funds |
As at Incoming Outgoing 01/06/21 Resources Resources Transfers £ £ £ £ 1,272,705 570,876 ( 23,695) - - - - - 1,607 50 - - 1,607 50 - - 1,274,312 570,926 (23,695) - |
As at 31/05/22 £ |
|---|---|---|
| 1,819,886 | ||
| - 1,657 |
||
| 1,657 | ||
| 1,821,543 |
13. 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 2023
14. Comparative income and expenditure by fund type
| Unrestricted Fund | Unrestricted Fund | Restricted Fund | ||
|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations | 126,267 | 564,999 | - | 50 |
| Charitable Activities | 60,932 | 5,320 | - | - |
| Investments (Bank Interest) | 7,094 | 557 | - | - |
| Total | 194,293 | 570,876 | - | 50 |
| Expenditure on: | ||||
| Charitable Activities | ( 53,446) | ( 23,695) | (885) | - |
| Total | ( 53,446) | ( 23,695) | (885) | - |
| Net income/(expenditure) | 140,847 | 547,181 | ( 885) | 50 |
| Transfers between funds | - | - | - | - |
| Net movement in funds | 140,847 | 547,181 | (885) | 50 |
| Reconciliation of funds | ||||
| Total funds at the beginning | 1,819,886 | 1,272,705 | 1,657 | 1,607 |
| Total funds at the end | 1,960,733 | 1,819,886 | 772 | 1,657 |
End of Report
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