**Charity Registration No. 1179676 Company Registration No. 11086213 (England and Wales)**
## **BUDDHIST COMMUNITY CENTRE KENT LTD**
**ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 November 2024**
## **BUDDHIST COMMUNITY CENTRE KENT LTD LEGAL AND ADMINISTRATIVE INFORMATION**
|**Trustees**|Mr Randhoj Gurung|
|---|---|
||Mr Nimtenji Sherpa|
||Mr Kabiraj Ghising|
||Mr Ganesh Gurung|
||Mr Phurba Sherpa|
||Mrs Shantee Tamang|
||Mr Nabin Siwa|
||Mr Popiraj Rai|
||Mrs Januki Devi Gurung|
||Mr Raksha Bahadur Gurung|
|**Charity number**|1179676|
|**Company number**|11086213|
|**Registered office**|8 Manor Way|
||Ashford|
||Kent|
||TN23 3HD|
|**Accountants**|Sterling Wells Accountants|
||Chartered Certified Accountants|
||Salisbury House|
||29 Finsbury Circus|
||London, EC2M 7AQ|
## **BUDDHIST COMMUNITY CENTRE KENT LTD CONTENTS**
||**Page**|
|---|---|
|**Trustees report**|**1-3**|
|**Independent Examiner's Report**|**4**|
|**Statement of financial activities**|**5**|
|**Balance sheet**|**6**|
|**Notes to the accounts**|**7-10**|
## **BUDDHIST COMMUNITY CENTRE KENT LTD TRUSTEES REPORT (INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 November 2024**_
The Trustees present their report and the financial statements of the company for the year ended 30 November 2024
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's constitution, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (as amended for accounting periods commencing from 1 January 2016)''.
## **REFRENCE AND ADMINISTRATIVE DETAILS**
**Registered charity name** Buddhist Community Centre Kent Ltd
|**Charity registered number**1179676|||
|---|---|---|
|**Registered office address**|8 Manor Way||
||Ashford||
||Kent||
||TN23 3HD||
|**Charity’s principal address**|171 Beaver Road||
||Ashford||
||Kent||
||TN23 7SG||
|**The Trustees**|||
|The Trustees, who are also the directors|for the purpose of company law,|and who served during|
||Mr Randhoj Gurung||
||Mr Nimtenji Sherpa||
||Mr Kabiraj Ghising||
||Mr Ganesh Gurung||
||Mr Phurba Sherpa||
||Mrs Shantee Tamang||
||Mr Nabin Siwa||
||Mr Popiraj Rai||
||Mrs Januki Devi Gurung||
||Mr Raksha Bahadur Gurung||
|**Executive Committee**|||
||Mr Randhoj Gurung|- Chairperson|
||Mr Nimtenji Sherpa|- Vice Chairperson|
||Mr Raksha Gurung|- Vice Chairperson|
||Mr Kabiraj Ghising|- Secretary|
||Mr Ganesh Gurung|- Treasurer|
||Mr Bhim Prasad Gurung|- Assistant Treasurer|
|**Bankers**|||
||HSBC Bank||
||Barclays Bank Plc||
The Trustees, who are also the directors for the purpose of company law, and who served during the year were:
Page 1
## **BUDDHIST COMMUNITY CENTRE KENT LTD TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 November 2024**_
## **Objectives and activities**
The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities to be carried out.
The charity's objectives are set out in the trust deed and include the following:
- To enlighten the Mahayana tradition of Buddhism and the peaceful solutions that will benefit the members of the community by holding various ritual prayers, public talks, conferences, religious festivals, public celebrations as well as producing and distributing literature materials.
- To undertake social and cultural activities which encourage integration with wider communities and other faiths.
- The charity is devoted to preserving and practicing Buddha’s profound teachings to benefit others and provide a place for various ritual ceremonies such as naming, weddings, weaning and funerals as well as holding pujas and group meditation sessions in Mahayana Buddhist tradition.
- The charity is fully committed to creating harmonious environments and helping all beings develop their full potential of infinite wisdom and compassion.
## **Achievements and performance**
Buddhist Community Centre Kent Ltd Trustees’, amongst themselves, rotate and bringing in new candidates for the position in the Committee in every three years. As per the cyclic order, the new Committee has taken the responsibilities on 27 November 2021. The Committee consist of ten elected members, two Advisers, one Area Representative and nine ladies from Mother Group. The founder Trustees and the Executive Committee Members manage and run the trust’s affairs throughout the year.
The Trustees are pleased with the operational Performance of the trust for the year. Since the Gurkhas had the resettlement right in 2004, a lot of the Ex Gurkhas and their families choose to live in Kent, and it is growing day by day. The trust helped many families and local Community by organising conferences and special advice from the venerable Masters. The Members and devotees continually support the centre with regular and special contribution towards our objective to establish a Buddhist monastery.
The Centre’s activities are meditation classes, Buddha’s profound teaching, worshipping (pujas), birth/naming ceremony, death rituals and rites etc. specially Buddha Jayanti (Buddha’s Birthday) celebration and obstacle removing puja draws more than four hundred (each event) devotees from Kent and beyond. The support from the Members, devotees and volunteers are the major contribution to the growth and success of our Centre.
The trust has finally managed to purchase a suitable property at £621,000.00 (six hundred twenty-one thousand pound) for the purpose of converting into Buddhist Monastery (Meditation Centre) in South Ashford. We had submitted a design and plan for side extension and conversion into a traditional Buddhist Monastery to Ashford Borough Council for planning permission which has now been granted and the works for which has now commenced.
The Charity’s investment performance is monitored and measured regularly and seek expert advice related to investment.
## **Financial review**
Total income for the period was £112,190 (2023: £103,020). The charity operating surplus is £85,546 (2023: £81,130) made up of restricted and unrestricted funds as shown in the Statement of Financial Activities. The total cash at bank as at 30 November 2024 was £69,645 (2023: £206,020).
It is the reserves policy of the charity that the restricted funds are used for the building of gumba (monastery) and the unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to six month’s expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.
Page 2
## **BUDDHIST COMMUNITY CENTRE KENT LTD TRUSTEES REPORT (CONTINUED)(INCLUDING DIRECTORS' REPORT)** _**FOR THE YEAR ENDED 30 November 2024**_
## **Structure, governance and management**
The Charity is a company limited by guarantee without share capital. The trustees are responsible for preparing the Trustees Annual Report and the financial statements in accordance with applicable law and regulations and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the company and of the incoming resources and application of resources of the company for that period. In preparing these financial statements, the trustees are required to:
- ·select suitable accounting policies and then apply them consistently;
- ·observe the methods and principles in the Charities SORP;
- ·make judgements and accounting estimates that are reasonable and prudent;
- ·prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
None of the Trustees has any beneficial interest in the company. All of the Trustees are members of the company and guarantee to contribute £1 in the event of a winding up.
No preference dividends were paid. The directors do not recommend payment of a final dividend.
The trustees’ report was approved by the Board of Trustees and signed on behalf of the trustees:
## **Nimtenji Sherpa**
**Trustee Dated: 15 August 2025**
Page 3
## **BUDDHIST COMMUNITY CENTRE KENT LTD**
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF BUDDHIST COMMUNITY CENTRE KENT LTD** _**FOR THE YEAR ENDED 30 November 2024**_
We report to the Trustees on my examination of the financial statements of Buddhist Community Centre Kent Ltd (the Charity) for the year ended 30 November 2024.
## **Responsibilities and basis of report**
As the Trustees of the Charity (and also its directors for the purposes of company law), you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied ourself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, we report in respect of our examination of the Charity's financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out our examination we have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
- 1 accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or
- 2 the financial statements do not accord with those records; or
3 the financial statements do not comply with the accounting requirements of section 396 of the 2006 Act 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
4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
We have no concerns and 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 financial statements to be reached.
Sterling Wells Accountants
Chartered Certified Accountants
809 Salisbury House 29 Finsbury Circus London, EC2M 5SQ Dated: 15 August 2025
Page 4
## **BUDDHIST COMMUNITY CENTRE KENT LTD STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** _**FOR THE YEAR ENDED 30 November 2024**_
**----- Start of picture text -----**
Restricted Unrestricted
funds funds
Notes 2024 2023
£ £ £
Income from donations and legacies
Donations and legacies 3 112,190 86,886
Other Income
Other Income-Gift Aid from HMRC 4 - 16,135
112,190 103,020
Expenditure on:
Costs of raising funds 5 26,644 21,890
Building purchased
Net expenditure for the year/
Net movement in funds 85,546 81,130
Fund balances as at 1 December 2023 764,011 19,257
Fund balances as at 30 November 2024 849,558 19,257
**----- End of picture text -----**
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing activities.
The statement of financial activities also complies with the requirements of an income and expenditure account under the Companies Act 2006.
Page 5
## **BUDDHIST COMMUNITY CENTRE KENT LTD BALANCE SHEET** _**AS AT 30 November 2024**_
**----- Start of picture text -----**
Notes 2024 2023
£ £
FIXED ASSETS
Tangible assets 10 874,390 643,469
CURRENT ASSETS
Cash at bank and in hand 69,645 206,020
69,645 206,020
Creditors: Amounts Falling Due Within
One Year 11 (720) (720)
Net current assets (Liabilities) 68,925 205,300
Creditors: Amounts Falling Due After
More Than One Year 13 (74,500) (65,500)
NET ASSETS/(LIABILITIES) 868,815 783,269
INCOME FUNDS
Restricted income funds 849,558 764,011
Unrestricted funds 19,257 19,257
868,815 783,269
**----- End of picture text -----**
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 30 November 2024. No member of the company has deposited a notice, pursuant to section 476, requiring an audit of these accounts.
The Trustees responsibilities for ensuring that the charity keeps accounting records which comply with section 386 of the Act and for preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expenditure for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to accounts, so far as applicable to the company.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The accounts are approved by the Trustees on 15 August 2025.
**Nimtenji Sherpa Balram Gurung Trustee Trustee Company Registration No. 11086213**
Page 6
## **BUDDHIST COMMUNITY CENTRE KENT LTD NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 30 November 2024**_
## **1 Accounting policies**
## **Charity information**
Buddhist Community Centre Kent Ltd is a private company limited by guarantee incorporated in England and Wales. The registered office is 8 Manor Way, Ashford, Kent, England, TN23 3HD .
## **1.1 Accounting convention**
The accounts have been prepared in accordance with the Charity's constitution, the Companies Act 2006 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard aplicable in the UK and Republic of Ireland (FRS 102)(effective 1 January 2015)". The Charity is a Public Benefit Entity as defined by …… FRS 102
The accounts are prepared in sterling, which is the functional currency of the Charity. Monetary amounts in these financial statements are rounded to the nearest £.
The accounts have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The accounting policies adopted are set out below.
## **1.2 Charitable funds**
Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes.
Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the accounts.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.
## **1.3 Incoming resources**
Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.
Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless
performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes.
## **1.4 Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. No depreciation is provided in the year of acquisition. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful life.
## **1.5 Cash and cash equivalents**
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Page 7
**BUDDHIST COMMUNITY CENTRE KENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 November 2024**_
## _**Basic financial assets**_
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
## _**Basic financial liabilities**_
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable 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 recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
## _**Derecognition of financial liabilities**_
Financial liabilities are derecognised when the Charity's contractual obligations expire, are discharged or cancelled.
## **1.6 Employee benefits**
The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received.
Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
## **2 Critical accounting estimates and judgements**
In the application of the 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 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.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
## **3 Income from donations and legacies**
**----- Start of picture text -----**
Restricted Unrestricted
fund fund
2024 2023
£ £ £
Donations and gifts 104,198 - 77,167
Donated goods and services 7,992 - 9,719
112,190 - 86,886
**----- End of picture text -----**
Page 8
## **BUDDHIST COMMUNITY CENTRE KENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 November 2024**_
## **4 Other Income**
|Gift Aid from HMRC
**5 Costs of raising funds**
Share of support costs (see note 6)
Share of governance costs (see note 6)
**6 Support costs**
Volunteer contribution
Other expenses
Event management
Legal & professional fees
Travel
Bank charges|**Support**
**costs**
**£**
7,992
920
16,951
-
-
61
25,924|-
**Governance**
**costs**
**£**
-
720
720|16,135
**2024**
**2023**
**£**
**£**
25,924
21,097
720
793
26,644
21,890
**2024**
**2023**
**£**
**£**
7,992
9,719
920
1,677
16,951
7,859
720
793
-
1,777
61
65
26,644
21,890|
|---|---|---|---|
## **7 Trustees**
None of the Trustees (or any persons connected with them) received any remuneration or benefits from the Charity during the year.
## **8 Employees**
There were no employees during the year.
|**9 Tangible fixed assets**
**Cost**
As at 1 December 2023
Additions
**Net Book Value**
As at 1 December 2023
As at 30 November 2024|**Land and**
**buildings**
**Totals**
£
£
643,469
643,469
230,921
230,921
874,390
874,390
643,469
643,469
874,390
874,390|
|---|---|
Included within tangible fixed assets are freehold land and buildings. During the year, additions relate to construction costs incurred to convert the building into a monastery. The conversion works are ongoing, and as the asset remains under construction, no depreciation has been charged for the year.
Page 9
**BUDDHIST COMMUNITY CENTRE KENT LTD NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 30 November 2024**_
|**10 Creditors: amounts falling due within one year**
**2024**
**£**
Accruals and deferred income
720
**11 Related party transactions**
There were no disclosable related party transactions during the year (2023-nil).
**Remuneration of key management personnel**
The remuneration of key management personnel is as follows.
**2024**
**£**
-
**12 Cash generated from operations**
**Restricted**
**Unrestricted**
**fund**
**fund**
**£**
**£**
Surplus/ (Deficit) for the year
85,546
-
85,546
-
**13 Creditors due in more than one year**
**2024**
**£**
Interest free loan
74,500
**2024**|**2023**
**£**
720|
|---|---|
||**2023**
**£**
-|
||**2023**
**£**
81,130|
||81,130|
||**2023**
**£**
65,500|
Page 10
## **Independent examination of charity accounts checklist (CC32a)**
## A recommended checklist for examiners
## **This checklist is not suitable for the examination of voluntary group accounts.**
## **1. Self-assessment checklist**
The questions in this checklist are designed to help the examiner to undertake their independent examination in accordance with the legal requirements and good practice recommendations set out in the Commission’s guidance on Independent examination of charity accounts: Directions and guidance for examiners (CC32).
The examiner is recommended to use the checklist alongside the Directions for independent examination. Not all the checks listed will apply in the case of every independent examination and so the checklist is not a substitute to the examiner using their own judgment as to what is necessary.
The prompt ‘step done’ may prompt a ‘yes’ or ‘no’. A ‘no’ answer does not always indicate a problem because it may simply be that the step was either not applicable or found not to be necessary to the examination undertaken in which case the words ‘not applicable’ or ‘not necessary’ might be entered in place of a working paper reference.
Some answers may be ‘no’ because the evidence or information that was needed could not be obtained and this will need to be considered when the examiner makes their report. It is recommended that all the steps for each Direction are completed with a working paper reference added.
It may be that the examiner completes the checklist as they go through the examination or as a completeness check at the end as they bring their examination to a conclusion and prepare their report. There is no legal requirement to use this checklist and examiners may substitute their own checklist or take an alternative approach.
If the checklist is completed it is recommended that this forms part of the formal record of their independent examination undertaken and is kept in the file of examiner’s working papers.
## **2. Checklist**
**----- Start of picture text -----**
The Directions and documentation Step Working
done? paper reference
Direction 1: Check whether the charity is eligible to have an
independent examination
Checked the charity audit threshold applying to the accounts to be Yes https://www.gov.uk/gover
reviewed nment/publications/indep
endent-examination-of-
charity-accounts-trustees-
-
cc31/independent
examination-of-charity-
accounts-trustees
Checked an audit is not required for any other reason Yes
Confirmed the charity is eligible for independent examination Yes
Confirmed the amount of the charity’s income to figure shown Yes
the accounts (including any branches) and confirmed that income
and assets are below the audit threshold or, if applicable,
obtained a copy of the letter from the Commission approving an
audit dispensation
If the charity has one or more subsidiaries confirmed that group N/A
accounts are not required by law
If a charitable company checked that the audit exemption Yes. It is exempt from audit
statement has been made requirement in section
477 of the companies act
2006.
If applicable, rechecked the threshold calculation during the Yes
examination
If the charity’s income is more than £250,000 confirmed that N/A
the examiner is a member of one of the listed bodies
If applicable, informed the trustees that the charity is not N/A
eligible for an independent examination
If receipts and payments accounts have been prepared, N/A
checked that the charity’s gross income is less than £250,000
and that it is not a company
If receipts and payments accounts have been prepared, check N/A
that there is no requirement to prepare accruals accounts in
the charity’s governing document or for any other reason
If applicable, informed the trustees that the charity is not N/A
eligible to prepare receipts and payments accounts
Direction 2: Check for any conflict of interest that prevents
the examiner from carrying out their independent
examination
Confirmed that there are no close personal relationships with the Yes BUD001-Trustees Report
trustees that compromise independence
Confirmed as having no the day to day involvement in the Yes
administration of the charity
If providing other services to the charity then confirmed that all N/A
the criteria in Direction 2 necessary for independence are met
**----- End of picture text -----**
**----- Start of picture text -----**
Identified that there are no circumstances in the examiner’s N/A
judgment that would reasonably lead to the perception that the
examiner is not independent
The Directions and documentation Step Working
done? paper reference
Considered whether sufficiently skilled to carry out the Yes ACCA Member
examination and, where required, confirmed membership of a
listed body
If applicable, informed the trustees that you are not eligible to N/A
carry out the independent examination
Direction 3: Record your independent examination
File of working papers prepared to document the work Yes File-“ BUD001-Accounts
undertaken (see the Direction for guidance on key working 20241130”
papers)
Evidence of appointment on file Yes
If issued, letter of engagement signed by the trustees on file Yes
Documentation of steps required by Direction 1 are all done Yes
Documentation that steps required by Direction 2 are all done Yes
Analytical review documented
Areas of concern identified and noted whether these were N/A
resolved or if unresolved and significant have included them in
the examiner’s report
Verification and vouching procedures undertaken and any Yes
checks made are on file
Copy of approved accounts on file Yes
Copy of trustees’ annual report on file Yes
Copies of information relied upon as part of the examination Yes
are on file
If applicable, copies of written assurances given N/A
Recorded the conclusions drawn as an outcome of the
independent examination that support the examiner’s report are
on file
Recorded any matters of material significance about which a N/A
report must be made direct to the Commission
Recorded whether to exercise discretion and report on relevant N/A
matters direct to the Commission
Direction 4: Plan your independent examination
Obtained an understanding of the charity’s constitution, Yes
objectives, organisational structure, the funds managed, its
activities and accounting records and systems
Planned specific examination procedures appropriate to the No
circumstances of the charity
Reviewed whether any areas for improvement were advised to No
the trustees in the previous year’s independent examiner’s
report (or audit report and management letter) and looked to
see if any action taken
Considered the financial risks identified and, where accruals Yes
accounts prepared, considered whether the trustees have
evidence that shows that the charity is a going concern
**----- End of picture text -----**
**----- Start of picture text -----**
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
The Directions and documentation Step Working
done? paper
reference
Direction 5: Check that accounting records are kept to the
required standard
Checked that accounting records have been kept are complete Yes
and considered if they have been kept to the required standard
Asked the trustees about how they ensure the accounting Yes
records are complete
If corrections made or records created during the examination, N/A
the trustee approval for these has been sought and obtained
Asked the trustees if they carried out a review of the charity’s No
internal financial controls in the year reported
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 6: Check that the accounts are consistent with
the accounting records
Compared the accounts with the underlying accounting records Yes
Checked some entries from the listing of transactions of Yes
income and expenditure to vouchers such as invoices, bank
statements, and receipts.
If applicable, confirmed that the trustees have taken the necessary Yes
steps to ensure that restricted or endowed funds are correctly
reported in the accounts
If additional checks were necessary, the evidence was found Yes
that showed the accounting record was complete, voucher
present, and both supported the entry in the accounts
Direction 7: If the accounts are prepared on an accruals
basis and one or more related party transactions took place
the examiner must check if these were properly disclosed
in the notes to the accounts
Checked that the disclosures required by the SORP have been Yes
made and are complete
Considered whether there are any implications for the N/A
examiner’s report and reporting to the Commission
If receipts and payments accounts prepared and a related N/A
party transaction note was provided, then checked the note for any
implications for the examiner’s report
Direction 8: Check the reasonableness of the significant
estimates and judgments and accounting policies used in
accounting for the types of fund held and in the preparation of
the accounts
Checked with the trustees that the separate funds of the charity Yes
have been correctly accounted for and reported correctly in the
accounts
Checked the reasonableness of any significant estimates or N/A
judgments that have been made in preparing the accounts
**----- End of picture text -----**
**----- Start of picture text -----**
The Directions and documentation Step Working
done? paper
reference
Where accruals accounts are prepared, checked that the Yes
accounting policies adopted are consistent with the SORP and are
appropriate to the activities of the charity
Where accruals accounts are prepared, checked that the Yes
accounts were prepared on a going concern basis
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 9: The examiner must check whether the
trustees have considered the financial circumstances of the
charity at the end of the reporting period and, if the accounts
are prepared on an accruals basis, check whether the
trustees have made an assessment of the charity’s position
as a going concern when approving the accounts
Asked the trustees whether they expect the charity to be able Yes
to settle outstanding invoices, bills and commitments as and
when they fall due
Asked the trustees about the reserves policy and the adequacy Yes
of the level of reserves held
Where accruals accounts are prepared, checked that the Yes
trustees’ have made an assessment of going concern and that
their assessment is reasonable given the information available
Where accruals accounts are prepared, checked that the Yes
SORP’s disclosures about going concern have been made
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 10: Check the form and content of the accounts
Where receipts and payments accounts have been prepared, N/A
checked that the charity can lawfully prepare such accounts, that
all the accounting statements are present and that the funds of
the charity are correctly identified
Where accruals accounts are prepared, checked that they Yes
comply with the SORP and applicable accounting standard
If the charity is a company, checked that the accounts also Yes
comply with the applicable company law requirements
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 11: Identify items from the analytical review of
the accounts that need to be followed up for further
explanation or evidence
Carried out an analytical review Yes
**----- End of picture text -----**
**----- Start of picture text -----**
The Directions and documentation Step Working
done? paper
reference
Following the analytical review, selected material items in the Yes
accounts for further explanation or supporting evidence
If the accounts could be materially misstated, additional checks N/A
were undertaken and the examiner is satisfied that the item(s)
identified were satisfactorily explained and correctly included in the
accounts
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 12: Compare the trustees’ annual report with the
Accounts
Checked that any figure for reserves quoted in the trustees’ Yes
annual report is not materially inconsistent with the accounts
Compared the trustees’ annual report with the accounts for any Yes
material inconsistency
Noted any implications for the examiner’s report and for N/A
separate reporting to the Commission
Direction 13: Write and sign the independent examination
Report
Reviewed the conclusions from the independent examination Yes
Considered whether the examination has identified a matter of N/A
concern that should be reported in the examiner’s report
Checked that the examiner’s report covers all of the matters Yes
required
If relying on the work of others in undertaking the independent N/A
examination, the examiner is fully satisfied with their work and
that work has been fully documented
Signed and dated the examiner’s report Yes
Reported matters of material significance direct to the N/A
Commission
Exercised discretion and reported relevant matters direct to the N/A
Commission
**----- End of picture text -----**