## Section C: Notes to the accounts Trustees’ annual report for the period Period start date Period end date Charity No Charity name Dhamma Center (Colchester) 1 1 9 0 0 5 2 (if any) ## Objectives and Activities ||SORP
reference|| |---|---|---| |Summary of the purposes of the
charity as set out in its governing
document|Para 1.17|(a) To facilitate the teaching of Theravada Buddhism and provide opportunities for the study of
Buddhism and Mindfulness for those interested.
(b) To establish a centre(s) for the practise of Buddhism and Meditation
(c) To provide residential facilities for Buddhist monks to conduct retreats and classes for those
who wish to learn Buddhism and Mindfulness| |Summary of the main activities
in relation to those purposes for
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�����������������������|Para 1.17 and
1.19|| |����������������������������
trustees have had regard to the
guidance issued by the Charity
������������������������|Para 1.18|| ## Additional information (optional) ������������������������������������������������������������������ ||SORP
reference|| |---|---|---| |Policy on grant making|Para 1.38|| |Policy on social investment including
program related investment|Para 1.38|| |Contribution made by volunteers|Para 1.38|| |Other||| Charity Accounts templates – Trustees’ annual report for the period October 2016 2 of 8 ## Achievements and Performance ||SORP
reference|| |---|---|---| |Summary of the main achievements
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made to the circumstances of its
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������������������|Para 1.20|The Charity, since its inception has been
successful in conducting activities that uphold
the objects of Charity. The Charity has
estabilished residential facilities for Buddhist
monks and nuns to perform religious and
cultural works.
The Charity has formed a strong following of
members from varied backgrounds through
the services that have been running since the
launch of the charity.
The Charity conducts weekly, monthly and
annual programs on Mindfulness, Buddhism,
Meditation, wellbeing and wellness and has
been able to support communities through
activities made allowable through funders to
overcome poverty and hunger.| ## Additional information (optional) ������������������������������������������������������������������ ||SORP
reference|| |---|---|---| |��������������������������������|Para 1.41|| |Performance of fundraising activities
��������������������|Para 1.41|| |Investment performance against
����������|Para 1.41|| |Other||| Charity Accounts templates – Trustees’ annual report for the period October 2016 3 of 8 ## Financial Review ||SORP
reference|| |---|---|---| |����������������������������
position at the end of the period|Para 1.21|Positive statement of financial position.| |Statement explaining the policy for
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are held|Para 1.22|Only cash reserves for future investment in
the charity.| |Amount of reserves held|Para 1.22|£1,052| |Reasons for holding zero reserves|Para 1.22|N/a| |�������������������������������|Para 1.24|N/a| |Explanation of any uncertainties
about the charity continuing as a
goingconcern|Para 1.23|N/a| ## Additional information (optional) ������������������������������������������������������������������ ||SORP
reference|| |---|---|---| |The charity’s principal sources of
funds (including any fundraising)|Para 1.47|| |�����������������������������
including any social investment
policy adopted|Para 1.46|| |A description of the principal risks
facing the charity|Para 1.46|| |Other||| Charity Accounts templates – Trustees’ annual report for the period October 2016 4 of 8 ## Structure, Governance and Management |Description of charity’s trusts:|SORP
reference|| |---|---|---| |Type of governing document
������������������������|Para 1.25|CIO - ASSOCIATION| |���������������������������
����������������������������������|Para 1.25|Registered Charity| |Trustee selection methods including
details of any constitutional
provisions e.g. election to post
or name of any person or body
entitled to appoint one or more
trustees|Para 1.25|Election of new Trustees are done
through vote between existing Trustees| ## Additional information (optional) ������������������������������������������������������������������ ||SORP
reference|| |---|---|---| |Policies and procedures adopted for
the induction and training of trustees|Para 1.51|| |The charity’s organisational structure
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���������������|Para 1.51|| |���������������������������������|Para 1.51|| |Other||| Charity Accounts templates – Trustees’ annual report for the period October 2016 5 of 8 ## Reference and Administrative details |Charity name|Dhamma Center (Colchester)| |---|---| |Other name the charity uses|Dhamma Centre| |Registered charity number|1190052| |Charity’s principal address|30, Chapel Road, Colchester, Essex, CO3 0PX| ## Names of the charity trustees who manage the charity |Trustee name|Office (if any)|Dates acted if not for
whole year|Name of person (or
body) entitled to appoint
trustee(if any)| |---|---|---|---| |Fredrick Rignold Hyde-Chambers OBE|||| |Mahal Katherine Ratnasiri|||| |Dr Udayan Chakrabarti|||| |Kaji Sherpa OBE|||| |Fuad Jamal Janmohamed|||| |Babli Rani Sharma|||| |Hamza Don de Silva|||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| ||||| Charity Accounts templates – Trustees’ annual report for the period October 2016 6 of 8 ## Reference and Administrative details (cont) Corporate trustees – names of the directors at the date the report was approved Director name ## Name of trustees holding title to property belonging to the charity |Trustee name|Dates acted if not for whole
year|| |---|---|---| |||| |||| |||| |||| |||| |||| Charity Accounts templates – Trustees’ annual report for the period October 2016 7 of 8 ## Funds held as custodian trustees on behalf of others Description of the assets held in this capacity �������������������������������� ������������������������������� ����������������������������������� ��������������������������� Details of arrangements for safe custody and segregation of such ������������������������������������ ## Additional information (optional) Names and addresses of advisers (Optional information) Type of adviser Name Address ## Name of chief executive or names of senior staff members (Optional information) ## Exemptions from disclosure Reason for non-disclosure of key personnel details ## Other optional information Charity Accounts templates – Trustees’ annual report for the period October 2016 8 of 8 ## Declarations The trustees declare that they have approved the trustees’ report above. Signed on behalf of the charity’s trustees Signature(s) Full name(s) Mahal Katherine Ratnasiri Position (eg Secretary, Treasurer Chair, etc) Date 15/02/2022 Charity Accounts templates – Trustees’ annual report for the period October 2016 Registered number: 12418952 **DHAMMA CENTER LTD DIRECTORS' REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE PERIOD 22 JANUARY 2020 TO 31 JANUARY 2021** In For A Penny Accountancy Services ## **Dhamma Center Ltd Directors' Report and Unaudited Financial Statements For the Period 22 January 2020 to 31 January 2021** ## **Contents** ||**Page**| |---|---| |Company Information|1| |Directors' Report|2| |Income and Expenditure Account|3| |Balance Sheet|4| |Notes to the Financial Statements|5—6| |The following pages do not form part of the statutory accounts:|| |Detailed Income and Expenditure Account|7| **Dhamma Center Ltd Company Information For the Period 22 January 2020 to 31 January 2021** |**Directors**|Mr Reba Chandrakumar| |---|---| ||Mr Fredrick Rignold Hyde-Chambers| |**Company Number**|12418952| |**Registered Office**|30 Chapel Road| ||Stanway| ||Colchester| ||Essex| ||CO3 0PX| |**Accountants**|In For A Penny Accountancy Services| ||AAT Licenced| ||Mauds Court, Long Lane| ||Tendring| ||Clacton-On-Sea| ||Essex| ||CO16 0BG| Page 1 ## **Dhamma Center Ltd Company No. 12418952 Directors' Report For the Period 22 January 2020 to 31 January 2021** The directors present their report and the financial statements for the period ended 31 January 2021. ## **Statement of Directors' Responsibilities** The directors are responsible for preparing the Directors' Report and the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the surplus or deficit of the company for that period. In preparing the financial statements the directors are required to: - select suitable accounting policies and then apply them consistently; make judgments 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 business. The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and 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. 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. ## **Directors** The directors who held office during the period were as follows: Mr Reba Chandrakumar APPOINTED 22/01/2020 Rev Hokandara Pannavamsa Thero APPOINTED 22/01/2020 RESIGNED 01/02/2020 Mr Fredrick Rignold Hyde-Chambers APPOINTED 22/01/2020 ## **Small Company Rules** This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006. On behalf of the board ## **Mr Fredrick Rignold Hyde-Chambers** Director 08/09/2021 Page 2 **Dhamma Center Ltd Income and Expenditure Account For the Period 22 January 2020 to 31 January 2021** |**Notes**
**TURNOVER**
**GROSS SURPLUS**
Administrative expenses
**OPERATING SURPLUS AND SURPLUS BEFORE TAXATION**
Tax on Surplus
**SURPLUS AFTER TAXATION BEING SURPLUS FOR THE FINANCIAL PERIOD**
The notes on pages 5 to 6 form part of these financial statements.|**31 January**
**2021**
**£**
21,837| |---|---| ||21,837
(20,538)| ||1,299
(247)| ||1,052| ||| Page 3 **Dhamma Center Ltd Balance Sheet As at 31 January 2021** |**Notes**
**CURRENT ASSETS**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**3**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
Income and Expenditure Account
**MEMBERS' FUNDS**|**31 January 2021**
**£**
**£**
1,299
1,299
(247)
1,052
1,052
1,052
1,052
1,052|**31 January 2021**
**£**
**£**
1,299
1,299
(247)
1,052
1,052
1,052
1,052
1,052| |---|---|---| ||1,299
(247)|| |||| |||1,052| |||1,052| |||1,052| |||1,052| For the period ending 31 January 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. ## **Directors' responsibilities:** - The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. - The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. - These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime. On behalf of the board ## **Mr Fredrick Rignold Hyde-Chambers** Director 08/09/2021 The notes on pages 5 to 6 form part of these financial statements. Page 4 **Dhamma Center Ltd Notes to the Financial Statements For the Period 22 January 2020 to 31 January 2021** ## 1. **Accounting Policies** ## 1.1. **Basis of Preparation of Financial Statements** The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006. ## 1.2. **Turnover** Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances. ## **Sale of goods** Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods. ## **Rendering of services** Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. ## 1.3. **Taxation** Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable surplus for the year. Taxable surplus differs from surplus as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable surplus. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable surplus will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable surplus will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Current or deferred tax for the year is recognised in surplus or deficit, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. ## 2. **Average Number of Employees** Average number of employees, including directors, during the year was as follows: NIL ## 3. **Creditors: Amounts Falling Due Within One Year** |Corporation tax|**31 January**
**2021**
**£**
247| |---|---| ||247| Page 5 ## **Dhamma Center Ltd Notes to the Financial Statements (continued) For the Period 22 January 2020 to 31 January 2021** ## 4. **Company limited by guarantee** The company is limited by guarantee and has no share capital. Every member of the company undertakes to contribute to the assets of the company, in the event of a winding up, such an amount as may be required not exceeding £1. ## 5. **General Information** Dhamma Center Ltd is a private company, limited by guarantee, incorporated in England & Wales, registered number 12418952. The registered office is 30 Chapel Road, Stanway, Colchester, Essex, CO3 0PX. Page 6 ## **Dhamma Center Ltd Detailed Income and Expenditure Account For the Period 22 January 2020 to 31 January 2021** |**TURNOVER**
Sales
Other trading income
**GROSS SURPLUS**
**Administrative Expenses**
Staff welfare
Staff expenses
Travel and subsistence expenses
Rent
Rates
Light and heat
Cleaning
Repairs, renewals and maintenance
Insurance
Printing, postage and stationery
Advertising and marketing costs
Telecommunications and data costs
Subscriptions
Charitable donations
Sundry expenses
**OPERATING SURPLUS**
**SURPLUS BEFORE TAXATION**
**Tax on Surplus**
Corporation tax charge
**SURPLUS AFTER TAXATION BEING SURPLUS FOR THE FINANCIAL PERIOD**|**31 January 2021**
**£**
**£**
8,580
13,257
21,837
21,837
2,195
2,517
1,811
9,000
1,377
603
50
433
212
53
62
1,506
281
222
216
(20,538)
1,299
1,299
247
(247)
1,052|**31 January 2021**
**£**
**£**
8,580
13,257
21,837
21,837
2,195
2,517
1,811
9,000
1,377
603
50
433
212
53
62
1,506
281
222
216
(20,538)
1,299
1,299
247
(247)
1,052| |---|---|---| |||21,837
21,837
(20,538)| ||247|| |||1,299
1,299| |||(247)| |||| |||1,052| Page 7