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||||Page|
|---|---|---|---|
|Report ofthe Trustees|||I to 6|
|Independent
Examiner's||Report||
|Statement ofFinancial||Activities||
|Balance Sheet||||
|Cash Flow Statement|||10|
|Notes to the Cash Flow||Statement||
|Notes to the Financial|Statements||12to 15|
|Detailed Statement of|Financial Activities||16|
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|Event||Participants|
|---|---|---|
|Tuesday meditation|classes|15|
|Thursday
meditation|classes|5|
|Saturday
meditation|classes|5|
|Sunday meditation|classes|5|
|Makha Bucha Day (Online)||20|
|Visaka Puja Day (Online)||40|
|Daily Food Offering||20|
|Kathina Ceremony||400|
|New Year Retreat||18|
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|||||Exclude trom||
|---|---|---|---|---|---|
|||||reserves|Reserves|
|Total funds|||||1,064,000|
|Tangible fixed assets not available||for general|purposes|686,000||
|Committed|ifemergency
repairs are needed to||the old church building|60,000||
|and for replacement ofmotor vehicle||||20,000||
|Committed|for construction ofnew|meditation|hall building|250,000|(1,016,000)|
|Actual reserves|||||~48 000|
|Amount
required
by the reserves policy|||||~30 000|
|Excess|||||~18000|
|Action will|be taken to address the|excess.||||
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||||||2022|202]|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total funds|
||||||funds||
|||||Notes|||
|INCOME|AND ENDOWMENTS||FROM||||
|Donations|and legacies||||485,046|532,728|
|Total|||||485,046|532,728|
|EXPENDITURE ON|||||||
|Charitable|activities||||||
|General|||||374,969|407,460|
|NKT INCOME/(EXPENDITURE)|||||110,077|125,268|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||fortvard|||954,591|829,323|
|TOTAL FUNDS CARRIED FORWARD|||||1,064,668|954,591|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||Unrestricted|Total funds|
|||||funds||
||||Notes|||
|FIXED|ASSETS|||||
|Tangible|assets|||686,653|682,458|
|CURRENT ASSETS||||||
|Cash at|bank and in hand|||383,019|279,620|
|CREDITORS||||||
|Amounts|falling due within|one year||(5,004)|(7,487)|
|NKT CURRENT ASSETS||||378,015|272,133|
|TOTAL|ASSETSLESSCURRENT|||1,064,668|954,591|
|LIABILITIES||||||
|NET ASSETS||||1,064,668|954,591|
|FUNDS||||||
|Unrestricted
funds||||1,064,668|954,591|
|TOTAL|FUNDS|||1,064,668|954,591|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating|activities:||||||
|Cash generated
&om operations|||||114,671|139,533|
|Net cash provided
by (used in) operating|||||||
|activities|||||114,671|139,533|
|Cash flows from investing|activities:||||||
|Purchase oftangible fixed assets|||||~11,272)|~7,948)|
|Net cash provided
by (used|in) investing||||(11,272)|(7,948)|
|activities|||||||
|Change
in cash and cash equivalents||in the|||||
|reporting
period|||||103,399|131,585|
|Cash and cash equivalents|at the beginning||of||279,620|148,035|
|the reporting
period|||||||
|Cash and cash equivalents|at the end|ofthe|||||
|reporting
period|||||383,019|279,620|
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||||||2022|2021|
|---|---|---|---|---|---|---|
|||||||I|
|Net income/(expenditure)||for the reporting||period (as per the statement|110,077|125,268|
|offinancial|activities)||||||
|Adjustments|for:||||||
|Depreciation
(decrease)
/|charges
increase
in creditors||||7,077
~2,483)|9,778
4,487|
|Net cash provided
by (used in) operating|||activities||114,671|139,533|
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|STAFF CO|STS|||||
|---|---|---|---|---|---|
|The average|monthly
number ofemployees|during|the year was as follows;|||
|||||2022|2021|
|Fundraising|and Temple activities|||10|10|
|Governance|and Temple activities|||4||
|||||14|14|
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|||Unrestricted|
|---|---|---|
|||funds|
|INCOME|AND ENDOWMENTS FROM||
|Donations|and legacies|532,728|
|Total||532,728|
|EXPENDITURE ON|||
|Charitable|activities||
|General||407,460|
|Total||407,460|
|NET INCOME/(EXPENDITURE)||125,268|
|RECONCILiATION
OF FUNDS|||
|Total funds|brought
forward|829,323|
|TOTAL FUNDS CARRIED FORWARD||954,591|
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|TANGIBLE|FIXED ASSETS|||||
|---|---|---|---|---|---|
|||Freehold|Fixtures and|||
|||property|fittings|Motor|Totals|
|||||vehicles||
|COST||||||
|At I April 2021||679,454|39,048|35,512|754,014|
|Additions||5,854|5,418||11,272|
|At 31 March|2022|685,308|44,466|35,512|765,286|
|DEPRECIATION||||||
|At 1 April 2021||29,556|14,000|28,000|71,556|
|Charge for year||2,777|4,000|300|7,077|
|At 31 March|2022|32,333|18,000|28,300|78,633|
|NKT BOOK|VALUE|||||
|At 31 March|2022|652,975|26,466|7,212|686,653|
|At 31March|2021|649,898|25,048|7,512|682,458|
|CREDITORS: AMOUNTS FALLINC DUE WITHIN ONK|||YEAR|||
|||||2022|2021|
|Accrued expenses||||5,004|7,487|
|MOVEMENT IN FUNDS||||||
|||||Net movement||
||||At 01.04.2021|in funds|At 31.03.2022|
|||||I|f|
|Unrestricted|funds|||||
|General fund|||954,591|110,077|1,064,668|
|TOTAL FUNDS|||954,591|110,077|1,064,668|
|Net movement|in funds, included|in the above are as follows:||||
||||Incoming|Resources|Movement
in|
||||resources|expended|funds|
|Unrestricted|funds|||||
|General
fund|||485,046|374,969|110,077|
|TOTAL FUNDS|||485,046|374,969|110,077|
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|Compara|tives|for moveme|nt
in funds|||||
|---|---|---|---|---|---|---|---|
|||||||Net movement||
|||||At 01.04.2020||in funds|At 31.03.2021|
||||||6|f||
|Unrestricted||Funds||||||
|General|fund||||829,323|125,268|954,591|
|TOTAL|FUNDS||||829,323|125,268|954,591|
|Comparative||net movement|in funds, included|in the above are as|follows:|||
||||||Incoming|Resources|Movement
in|
||||||resources|expended|funds|
|||||||6||
|Unrestricted||funds||||||
|General|fund||||532,728|407,460|125,268|
|TOTAL|FUNDS||||532,728|407,460|125,268|
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||FOR THE YKAR ENDED 31|MARCH 2022||
|---|---|---|---|
|||2022|2021|
|INCOME AND ENDOWMENTS||||
|Donations
and legacies||||
|Donations||485,046|532,728|
|Total incoming
resources||||
|EXPENDITURE||||
|Charitable
activities||||
|Welfare and wages to monks and|temple staff|22,597|26,330|
|Rates and water||3,720|5,185|
|Education
and training||4,923|973|
|Light and heat||11,663|9,268|
|Telephone||1,619|1,521|
|Postage and stationery||345|7,875|
|Sundries||227|1,198|
|Food||7,906|8,502|
|Cleaning||840|1,304|
|Accountancy||2,880|2,987|
|Insurance||190|2,778|
|Travel||5,219|4, 193|
|Motor expenses||5,113|1,471|
|Repairs and maintenance||2,013|20,893|
|Ceremony
expenses||1,129|753|
|Rent||4,800|4,800|
|Independent
examination||1,124|1,500|
|Freehold property
depreciation||2,777|2,778|
|Plant and machinery
depreciation||300|3,000|
|Fixtures and tittings depreciation||4,000|4,000|
|Bank charges||1,270|1,105|
|Grants to institutions||284,581|284,440|
|Licences and legal||3,385|3,236|
|Office and general administrative|expenses|3,473|2,765|
|Other professional
services||(1,125)|4,605|
|Total resources expended||374,969|407,460|
|Net income/(expenditure)||110,077|125,268|
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