Trustees’ report for the year ending 31[st] July 2023
The Trust had another successful year as it was the first year after the Covid 19 restrictions that we were able to host events similar to what we did prior to the pandemic.
Thanks to a generous contribution from a devotee, an extension to the property in South Parkway, Leeds, was built during the financial year. This has added a substantial amount of space to the premises.
The increased interest cost associated with the mortgage continues to be a concern for the Charity. However, the current monthly contributions from the devotees is sufficient to cover this increase.
Events such as monthly Dhamma Sermons continued to be delivered online. 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 annual New Year Festival took place in April 2023 at the Woodhouse Grove School, Bradford with over 500 attendees. The event included a drama, songs and traditional dances performed by children and members of the community. It was followed by a buffet style lunch and traditional games.
The Vesak ceremony took place in May where a large number of devotees attended to meditate and engage in religious discussions. The Kathina ceremony took place in November to mark the end of the traditional rainy season retreat.
There were no serious incidents to report during the reporting period.
Signed on behalf of Trustees
S. C. Mudalige
Trustee
31 May 2024
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 2023 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 For the year ending 31st July 2023
| Income Donatons Gif Aid Claim Interest income Total Income Expenses Rent Event expenses Utlites IT expenses Insurance Visa expenses Mortgage expenses Mortgage interest Building expenses Travel expenses Other expenses Total Expenses Net surplus |
202 | 2/23 | 2021/22 | 2021/22 |
|---|---|---|---|---|
| £ - 8,413 5,022 1,050 619 - - 6,937 - - 47 |
£ 59,879 7,047 - |
£ 6,025 1,506 2,736 894 566 5,429 7,430 797 2,955 1,022 918 |
£ 55,159 2,580 - |
|
| 66,926 22,088 |
57,740 30,276 |
|||
| 44,839 | 27,464 |
| Leeds Buddhist Vihara Trust | |||
|---|---|---|---|
| Statement of Asstes and Liabilites | |||
| As at 31st July 2023 | |||
| 2022/23 | 2021/22 | ||
| £ | £ | £ | £ |
| Assets | |||
| Non-current assets | |||
| Land and building | 215,609 | 201,995 | |
| IT, Sound & other | |||
| equipment | 3,106 | - | |
| Furniture and fxtures | 5,755 | 5,755 | |
| 224,470 | 207,750 | ||
| Current assets | |||
| Bank current account | 29,586 | 7,421 | |
| Bank savings account | - | ||
| 254,056 | 215,171 | ||
| Liabilites | |||
| Current liabilites | - | ||
| Non-current Liabilites | |||
| Mortgage | 92,568 | 94,521 | |
| Interest-free Loan | 20,000 | 23,000 | |
| 112,568 | 117,521 | ||
| Reserves | 76,649 | 47,186 | |
| Transferred to Building Reserve | - | - | |
| Net income over expenses | 44,839 | 27,464 | |
| 254,056 | 215,171 | ||
| Notes: | |||
| The interest-free loan is repayable in 2051 |