Trustees’ report for the year ending 31[st] July 2022
The Trust achieved a landmark with is being able to purchase a property with the use of a mortgage. The property in South Parkway Leeds is not used as the residence for monks from May 2022.
The purchase of the property was made possible due to the generous donations and contributions from the community. A large number of devotees contributed financially which enabled the Trust to pay a substantial deposit which reduces the monthly mortgage instalments. The community also supported the new Temple by donating or contributing towards the cost of appliances, furniture, security systems and other expenses associated with the move to a new property.
One of the challenges that the Trust will have to face in the coming months is the increased interest cost associated with the mortgage. The monthly contributions from the devotees is sufficient to cover this increase.
Events such as monthly Dhamma Sermons continued to be delivered online as the community was still cautious about the possible spread of Covid 19. These continue to be well attended. Videos of these events are posted on the social media channels which continue to be accessed by people from different parts of the world.
The Trust was able to organise the key events that were cancelled due to Covid. However, due to the conditions prevailing at the time, the scope of these events were limited. For example, the New Year Festival used to be an all-day event but it was restricted to the cultural show and ended at mid-day.
The Vesak ceremony and the Kathina ceremony took place with the attendance of a large number of devotees. These sessions were also broadcast live via Zoom.
There were no serious incidents to report during the reporting period.
Signed on behalf of Trustees
S. C. Mudalige
Trustee
11 May 2023
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 July 2022 the organisation is entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the organisation to obtain an audit in accordance with section 476 of the Companies Act 2006.
Leeds Buddhist Vihara Trust Statement of Income and Expenses Forthe month ended 31st July ZOZI 2021Izz 20zoIIi Income Donations Gift Aid Claim Interest Income Total Income 55.159 2.580 36.641 13.458 21 57.740 5Q.120 Expenses Rent Event expenses 6,025 1,506 2,736 894 566 5,429 7,430 797 2,955 1,022 917 7.630 1.903 420 225 1.623 IT expenses Insurance Visa expenses Mortgage expenses Mortgage interest Building expenses Travel e¥penses Other expenses Total Expenses 30.276 13,iM2 N•1 surplus 27,464 37,037 Lèèds Buddhlst Vlhara Trust Statement of A55tes and Uabllltlts A5 at 315t July 2022 2021122 2020121 A55ets Non<urrent assets Land and buildin8 Furniture and fixture5 201,995 5,755 207.750 Current assets Bank current account Bank savings account 7.421 65.030 20.152 215,171 85,183 Non-current UabSlltles Mortgage Interest-free Loan 94.521 23.(KKJ 117.521 20.() Reserves Transferred to Buildin8 Reserve Net income over expenses 47.185 18.146 io.m) 37.037 85.183 27.464 Z15.171 Notes.. The interest-free Io(Jn 15 reloyoble IFJ 2051
Leeds Buddhist Vihara Trust Statement of Income and Expenses Forthe month ended 31st July ZOZI 2021Izz 20zoIIi Income Donations Gift Aid Claim Interest Income Total Income 55.159 2.580 36.641 13.458 21 57.740 5Q.120 Expenses Rent Event expenses 6,025 1,506 2,736 894 566 5,429 7,430 797 2,955 1,022 917 7.630 1.903 420 225 1.623 IT expenses Insurance Visa expenses Mortgage expenses Mortgage interest Building expenses Travel e¥penses Other expenses Total Expenses 30.276 13,iM2 N•1 surplus 27,464 37,037 Lèèds Buddhlst Vlhara Trust Statement of A55tes and Uabllltlts A5 at 315t July 2022 2021122 2020121 A55ets Non<urrent assets Land and buildin8 Furniture and fixture5 201,995 5,755 207.750 Current assets Bank current account Bank savings account 7.421 65.030 20.152 215,171 85,183 Non-current UabSlltles Mortgage Interest-free Loan 94.521 23.(KKJ 117.521 20.() Reserves Transferred to Buildin8 Reserve Net income over expenses 47.185 18.146 io.m) 37.037 85.183 27.464 Z15.171 Notes.. The interest-free Io(Jn 15 reloyoble IFJ 2051