ANUKAMPA BHIKKHUNI PROJECT
(A company Limited by Guarantee) Annual Report & Financial Statements For the year ended 31 May 2024
Registered Charity (England & Wales) : 1172570 Company Registration Number : 10158053
ANUKAMPA BHIKKHUNI PROJECT ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
| 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 2024
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 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) 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 2024
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 2024.
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
In February 2024 a larger property on the outskirts of Oxford was purchased by the charity and is now known as Anukampa Grove Bhikkhuni Monastery. This move was necessary to provide adequate space for Venerable Canda, women training towards bhikkhuni ordination, a lay steward, lay and monastic visitors and to serve the needs of the local Buddhist community. It is therefore both a huge achievement and a big step in continuing to meet the charity’s aims and objectives. As of July 2024, Anukampa Grove Bhikkhuni Monastery has been officially registered as a place of worship.
Anukampa Grove will be able to accommodate larger gatherings of visitors wishing to offer dana and take part in Buddhist practices. The residence is in a rural area, offering an inspiring space and environment conducive for meditation and an ideal base from which to teach and train. There is also ample outdoor space which can be used for walking meditation and to build kutis – individual mediation huts – in the future. Venerable Upekkha Bhikkhuni was present for the move to Anukampa Grove and there have also been many visiting monastics since, including the local Oxford sangha.
Organisation and Volunteers
There is currently a group of dedicated Trustees with different skills and roles who are working to support the charity and its aims. Recent Trustee roles include leading the new property purchase and sale of the Maywood Road property and overseeing the application for Anukampa Bhikkhuni Project to obtain license to support aspirants coming from overseas.
The volunteers continue to support Venerable Canda and Anukampa Bhikkhuni Project either by offering regular administrative or financial assistance, or when the need arises such as during teaching tours and retreats.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2024
Teaching and Community Engagement
Ajahn Brahm gave a series of talks, a 3-day non-residential retreat with Venerable Canda in Sheffield, and a 2-day non-residential retreat in Oxford in November 2023. In January 2024, Venerable Canda was invited to be one of the faith leaders speaking at the beginning of a public peace talk held in central London. She has accepted many UK teaching invitations throughout the year, as well teaching a week-long retreat in the US, and co-teaching an 8-day retreat in Norway with fellow monastic Ajahn Nitho.
Venerable Canda has continued to offer thrice-weekly teachings and guided meditations via Zoom, including the popular Sutta (early Buddhist text) discussions, reaching an international audience, as well as organising guest teachings via Zoom. The online Anukampa newsletter, providing charity updates, event information and resources, has approximately 2 000 subscribers.
Dana and Fundraising opportunities
All talks and retreats given provide a direct opportunity for dāna (donations) to be offered by members of the public and there have been regular donations in response to the Zoom teachings and online events. At certain times there have been fundraisers for specific purposes, such as Ajahn Brahm’s weekend in-person retreat of November 2023, which was to fundraise for the purchase of the property that is now Anukampa Grove.
Supporters are given the opportunity to offer regular grocery deliveries and vegetable boxes, as well as other requisites. Needed items are circulated through links on the Anukampa website and via two Anukampa WhatsApp groups that supporters can ask to join. Venerable Canda has also been receiving regular meal offerings, providing Buddhist groups and individuals an opportunity to make merit and receive blessings.
Educational activities & materials
Recordings of retreats and talks have continued to be made public and free of charge via Anukampa’s YouTube channel and via website links, with many being live-streamed at the time. There are currently 833 videos uploaded to Anukampa’s YouTube channel, which has approximately 8 000 subscribers, and the Anukampa Facebook page has 7 300 followers.
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ANUKAMPA BHIKKHUNI PROJECT TRUSTEES’ ANNUAL REPORT INCLUDING DIRECTORS’ REPORT FOR THE YEAR ENDED 31 MAY 2024
FINANCIAL REVIEW
Summary
The total Income received/receivable during the year ended 31 May 2024 amounted to £769,767 (2023: £194,293) of which £62,048 (2023: £53,446) were expended on the charitable activities during the year. This resulted in a net increase of the unrestricted fund of £707,719 (2023: £140,847) 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 (2023: £0) and contributions worth £0 (2023: £885) were utilised during the year ended 31 May 2024.
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:
Five 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 2024
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 2024
Current Volunteer Team
Paul Michael Burton Social media coordinator and promotions Matthias Wolf YouTube and online events team Annie Yunnus Bookings and website Manori Wickremasinghe 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 Elena Han Email administration Shobi Yoganathan Email administration Alison Claire French Email administration and Skype phone line Madhuwanthi Buddhadasa Volunteer assistant
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
------------14/02/2025--------------
Date
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ANUKAMPA BHIKKHUNI PROJECT INDEPENDENT EXAMINER’S REPORT FOR THE YEAR ENDED 31 MAY 2024
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 2024, 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
25 February 2025
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ANUKAMPA BHIKKHUNI PROJECT STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME & EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MAY 2024
| 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 2024 £ £ £ 709,512 - 709,512 40,945 - 40,945 19,310 - 19,310 |
Total |
|---|---|---|
| 2023 £ |
||
| 126,267 60,932 7,094 194,293 |
||
| 769,767 - 769,767 |
||
| 62,048 -62,048 |
||
| ( 54,331) | ||
| 62,048 -62,048 |
( 54,331) | |
| 707,719 -707,719 - - - |
||
| 139,962 - |
||
| 707,719 -707,719 |
139,962 | |
| 1,960,733 7721,961,505 | ||
| 1,821,543 | ||
| 2,668,452 7722,669,224 | 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 2024
| 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 2024 £ £ £ 2,882,452 -2,882,452 14,134 - 14,134 497,270 772 498,042 511,404 772 512,176 725,404 - 725,404 ( 214,000) 772 ( 213,228) 2,668,452 772 2,669,224 - 772772 2,668,452 -2,668,452 2,668,452 772 2,669,224 |
Total 2023 £ |
|---|---|---|
| 815,589 5,677 1,154,168 |
||
| 1,159,845 | ||
| 13,929 | ||
| 1,145,916 | ||
| 1,961,505 | ||
| 772 1,960,733 |
||
| 1,961,505 |
The trustees (who are also the directors of the company for the purposes of company law) confirm that for the year ended 31 May 2024:
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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 (11/02/2025) by the trustees and signed (24/02/2025) 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 2024
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 2024
2.4. Support Costs and Employee Benefits
All Support Costs are paid from the unrestricted fund.
2.5. Tangible assets and Depreciation
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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.
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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
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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.
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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
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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.
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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 (2023 - £nil).
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b) The charity's insurance policy includes Directors’ and officers’ liability.
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c) The charity has received an interest free unsecured loan of Australian Dollar (AUD) 1,375,000 from the Buddhist society of Western Australia during the year, which is repayable on demand.
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
d) There were no material transactions with other related parties (2023: £nil).
4. Income from Donations
| Donations Bursary Donations HMRC Gift Aid |
Unrestricted Restricted Total Funds Funds 2024 £ £ £ 697,883 -697,883 - -- 11,629 -11,629 709,512 -709,512 |
Total 2023 £ 122,394 - 3,873 126,267 |
|---|---|---|
5. Income from Charitable Activities
| Ticket Sales | 2024 2023 £ £ 40,945 60,932 40,945 60,932 |
|---|---|
6. Expenditure on Chartable Activities
| Direct Costs Event Expenses Bursary Cost |
Unrestricted Restricted Total Total Funds Funds 2024 2023 £ £ £ £ 17,893 - 17,893 22,905 - --885 17,893 - 17,893 23,790 |
|---|---|
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
Expenditure on Chartable Activities (continued)
| Support Costs General Administration Accommodation costs Computer and IT costs Light, Heat & Water Insurance Travelling Bank Charges Paypal Charges Professional fees Monastic Expenses Governance Costs (Note 7) Total |
323 -323 18,062 -18,062 3,287 -3,287 1,942 -1,942 1,097 -1,097 3,013 -3,013 327 -327 3,539 -3,539 - -- 10,454 -10,454 2,111 -2,111 44,155 -44,155 62,048 -62,048 |
|
|---|---|---|
| 630 6,874 2,297 1,581 700 4,330 341 2,340 2,120 7,123 1,320 |
||
| 29,656 | ||
| 53,446 |
7. Governance Costs
| Independent Examiner's Fee | 2024 £ 2,111 2,111 |
2023 £ |
|---|---|---|
| 1,320 | ||
| 1,320 |
8. Fixed Assets
| Cost or valuation At 1 June 2023 Addition At 31 May 2024 Depreciation At 1 June 2023 Charge for the year At 31 May 2024 Net book value At 31 May 2023 At 31 May 2024 |
Land & Buildings £ At cost 815,589 2,066,863 2,882,452 - - - - 2,882,452 |
|---|---|
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
9. Debtors & Prepayments
| Unrestricted Restricted Total Funds Funds 2024 £ £ £ Gift Aid receivable 12,750 -12,750 Prepayments 1,384 -1,384 14,134 -14,134 |
Total 2023 £ |
|---|---|
| 1,122 4,555 |
|
| 5,677 |
10. Creditors: amounts falling due within one year
| Creditors and Accruals Deferred Income Property Loan |
2024 £ 3,325 5,704 716,375 725,404 |
2023 £ 1,964 11,965 - 13,929 |
|---|---|---|
11. Movements in Deferred income
| Fundraising income received in advance for 2023/24 Fundraising income received in advance for 2024/25 |
As at Funds Released As at 01/06/23 Received to income 31/05/24 £ £ £ £ 11,965 - ( 11,965) - - 5,704 - 5,704 11,965 5,704 (11,965) 5,704 |
|---|---|
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ANUKAMPA BHIKKHUNI PROJECT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024
12. Statement of funds
Movement in funds - Current year
==> picture [476 x 441] intentionally omitted <==
----- Start of picture text -----
As at Incoming Outgoing As at
01/06/23 Resources Resources Transfers 31/05/24
£ £ £ £ £
Unrestricted funds
General Fund 1,960,733 769,767 ( 62,048) - 2,668,452
Restricted funds
Sponsorship Fund - - - - -
Bursary Fund 772 - - 772
772 - - - 772
Total Funds 1,961,505 769,767 ( 62,048) - 2,669,224
Statement of funds
Movement in funds - Prior year
As at Incoming Outgoing As at
01/06/22 Resources Resources Transfers 31/05/23
£ £ £ £ £
Unrestricted funds
General Fund 1,819,886 194,293 ( 53,446) - 1,960,733
Restricted funds
Sponsorship Fund - - - - -
Bursary Fund 1,657 - ( 885) - 772
1,657 - ( 885) - 772
Total Funds 1,821,543 194,293 ( 54,331) - 1,961,505
----- End of picture text -----
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 2024
14. Comparative income and expenditure by fund type
| Unrestricted Fund | Unrestricted Fund | Restricted Fund | ||
|---|---|---|---|---|
| 2024 | 2023 | 2024 | 2023 | |
| £ | £ | £ | £ | |
| Income from: | ||||
| Donations | 709,512 | 126,267 | - | - |
| Charitable Activities | 40,945 | 60,932 | - | - |
| Investments (Bank Interest) | 19,310 | 7,094 | - | - |
| Total | 769,767 | 194,293 | - | - |
| Expenditure on: | ||||
| Charitable Activities | 62,048 | ( 53,446) |
- | (885) |
| Total | 62,048 | ( 53,446) |
- | (885) |
| Net income/(expenditure) | 707,719 | 140,847 | - | ( 885) |
| Transfers between funds | - | - | - | - |
| Net movement in funds | 707,719 | 140,847 | (885) | |
| Reconciliation of funds | ||||
| Total funds at the beginning | 1,960,733 | 1,819,886 | 772 | 1,657 |
| Total funds at the end | 2,668,452 | 1,960,733 | 772 | 772 |
End of Report
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