2021-11-30-accounts - London Buddhist Vihara Trust

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Objectiv	es and	Activ	iti	es	es
				SORP reference
Summary	ofthe purposes		of	PeIe	1 17	The advancement ofthe Buddhist
the charity as set out		in its				religion for the public benefit in such
governing	document					ways as the trustees may from time to
						time decide.
Summary activities	ofthe main in relation to those			Para 1 19	1 17 and	In furtherance ofthe above object but not otherwise, the trustees shall carry
purposes	for the public					out proper and effectual administration
benefit, in particular,		the				and management ofthe London
activities,	projects or					Buddhist Vihara which is conducting
services identified in		the				various programs for the benefit ofthe
accounts.						public and working with other charities.
Statement	confirming			Para	1 18	The trustees have had regard to the
whether the trustees		have				guidance issued by the Charity
had regard to the guidance						Commission on public benefit.
issued by	the Charity
Commission on public
benefit

ou may c	ho	ose to	include fu	rther statement	rther statement
				SORP reference
				Para	1 38
Policy on	grant making
				Para	1 38
Policy on	social investment
including	program		related
investment
				Para	1 38
Contribution		made	by
volunteers
Other

Achieve	ments and Per	formance	formance
		SUKV rererence
				The charity has conducted programs,
				lectures and classes on meditation,
				mindfulness etc. that benefited many
Summary ofthe main achievements ofthe charity,		Para	1 20	people. Some beneficiaries are regular attendees and the others follow the
identifying	the difference the			programs conducted online. There is
charity's	work has made to			also a Sunday School for children. It is a
the circumstances of its				Place ofWorship where people also
beneficiaries and any wider				benefit from discussing their issues
benefits to society as a				with the monks.
whole.

Achievements against	Para	1 41
objectives set
Performance offundraising
activities against objectives	Para	1 41
set
Investment performance	Para	1.41
against objectives
Other

Financial Review	Financial Review
Review ofthe charity's			Para	1 21	The charity managed		to meet the
financial position at	the end				expenses	comfortably	and	carry forward
ofthe period					a surplus.
Statement explaining	the		Para	1 22	As the charity is dependent			on
policy for holding reserves					donations,	it is important to hold some
stating why they are	held				reserves	to ensure that it can continue
					to meet the expenses		at difficult times.
Amount of reserves	held		Para	1 22	8100,000
Reasons for holding	zero		Para	1 22	N/A
reserves
Details of fund materially		in	Para	1 24	N/A
deficit
Explanation of any			Para	1 23	No such uncertainty
uncertainties about	the
charity continuing as a going
concern

Additional information (optional)	Additional information (optional)	Additional information (optional)
You may choose to include further statements			where relevant		about:
			Donations	by	supporters
The charity's principal
sources offunds (including	Para	1 47
any fundraising)
Invcstmcnt policy and
objectives including any	Para	1 46
social investment policy
adopted
A description ofthe principal	Para	1 46
risks facing the charity
Other

Description of charity's				The London	Buddhist Vihara Trust was	Buddhist Vihara Trust was	Buddhist Vihara Trust was
trusts:				created to manage the London Buddhist
				Vihara which	is	a Place ofWorship that
				conducts programs			for the benefit ofthe
				public.
Type of governing document				Trust deed
(trust deed, royal charter)
How is the charity		Para	1 25	Unincorporated		trust
constituted?
(e.g unincorporated
association, CIO)
Trustee selection methods		Para	1 25	Trustees are	selected based on merit
including details of any				and
constitutional provisions	e.g.			the Anagarika	Dharmapala Trust has the
election to post or name	of			right to nominate		them.
any person or body entitled
to appoint one or more
trustees
Additional information	(optional)
You may choose to include further statements				where relevant	about:
Policies and procedures
adopted for the induction		Para	1 51
and training oftrustees
The charity's organisational
structure and any wider		Para	1 51
network with which the
charity works
Relationship with any related		Para	1 51
parties
Other

Charity	name	name		London Buddhist Vihara Trust	London Buddhist Vihara Trust
Other name		the charity uses		LBVand/or	LBVTrust
Registered		charity	number	1192884
Charity's	principal		address	Dharmapala	Building
				The Avenue
				Chiswick
				London
				W4 1UD

		Page
Independent Examiners	Statement
Statement Of Financial	Actiwties
Balance Sheet
Notes To the Accounts

		for the year e	nded 30/11/2021
					2021	2020
			Unrestricted funds	Restricted funds	Total	Total
			6	6	6	5
Income
Income from generated		funds
Donations and legacies			108,555		108555	191 148
Total Income and endowments			108,555		108,555	~191 148
Expenses
Costs of generating funds
Expenditure on	Raised funds					1,415
Expenditure on	Charitable	activities	164,803		164803	942 303
Total Expenses			164,803		164,803	943,718
Net Income			(56,248)		(56,248)	(752,570
Net movement	in funds:
Net income for	the year
Total funds brought forward			~5624IT)
Net funds carried forward			242,063		242,083	994,653
			185,835		185,835	242,083

	BALANCE SHE	ET AT 30/11/2021
				2021
		Notes
CURRENT ASSETS
Debtors /amounts falling	due within one veer		234		234
Cash at bank and in hand			18t401		243049
			187,835		243,283
CREDITORS: Amounts	falling dus within one year				1,200
NET CURRENT ASSETS				~185835		242 083
TOTAL ASSETS LESSCURRENT LIABILITIES				185,835		242,083
NET ASSETS				185,835
CAPITAL AND RESERVES
Unrestricted funds
Balance brought forward				242,083
Incr/sit) ISurplus forthe year
				185,835

				Brought forward	Incoming resources	Outgoing resources	T f ransfers	Carried forward
				F	8	6	8	8
(Deficit)	/	Surplus	for the year		108,555	(164,803)		(56,248)
Balance		brought	forward	242 083				242 083
				242,083	108,555	(164,803)		185,835

						Incoming
					for	the year ended 30/f f/2021
							2021	2020
Incoming	resources						108,555	191,148
Incoming	resources	from	generated	funds			108,555	191,148

			2021	2020
Expenses
Costs ofgenerating	funds
Costs Of Generating	Voluntary	Income
Festival expenses				1,415
				1,415
				1,415
Charitable Activities
Health and safety			284	4,679
Water and council tax			2,521	2,507
Insurance			4,531	3,423
Heat and light			8,584	9,454
Cleaning			2,390	3,420
Building expenses			125,774	900,142
School Hire —Course	& Exam fees			4,180
Accountancy fees			600	600
Postage			1,490	143
Stationery &office supplies				903
Telephone			2,422	2,973
Furniture and Equipments			4,136	600
Subscnptions			270	869
Monks' welfare			6,970	4,300
Bank charges			688	993
Administration			1,000	2,179
Bank overdraft charges
Motor &Travelling			1,150	938
Sundry expenses			1,993
			164,803	942,303
			164,803	943,718

		Page
Independent Examiners	Statement
Statement Of Financial	Actiwties
Balance Sheet
Notes To the Accounts

		for the year e	nded 30/11/2021
					2021	2020
			Unrestricted funds	Restricted funds	Total	Total
			6	6	6	5
Income
Income from generated		funds
Donations and legacies			108,555		108555	191 148
Total Income and endowments			108,555		108,555	~191 148
Expenses
Costs of generating funds
Expenditure on	Raised funds					1,415
Expenditure on	Charitable	activities	164,803		164803	942 303
Total Expenses			164,803		164,803	943,718
Net Income			(56,248)		(56,248)	(752,570
Net movement	in funds:
Net income for	the year
Total funds brought forward			~5624IT)
Net funds carried forward			242,063		242,083	994,653
			185,835		185,835	242,083

	BALANCE SHE	ET AT 30/11/2021
				2021
		Notes
CURRENT ASSETS
Debtors /amounts falling	due within one veer		234		234
Cash at bank and in hand			18t401		243049
			187,835		243,283
CREDITORS: Amounts	falling dus within one year				1,200
NET CURRENT ASSETS				~185835		242 083
TOTAL ASSETS LESSCURRENT LIABILITIES				185,835		242,083
NET ASSETS				185,835
CAPITAL AND RESERVES
Unrestricted funds
Balance brought forward				242,083
Incr/sit) ISurplus forthe year
				185,835

				Brought forward	Incoming resources	Outgoing resources	T f ransfers	Carried forward
				F	8	6	8	8
(Deficit)	/	Surplus	for the year		108,555	(164,803)		(56,248)
Balance		brought	forward	242 083				242 083
				242,083	108,555	(164,803)		185,835

						Incoming
					for	the year ended 30/f f/2021
							2021	2020
Incoming	resources						108,555	191,148
Incoming	resources	from	generated	funds			108,555	191,148

			2021	2020
Expenses
Costs ofgenerating	funds
Costs Of Generating	Voluntary	Income
Festival expenses				1,415
				1,415
				1,415
Charitable Activities
Health and safety			284	4,679
Water and council tax			2,521	2,507
Insurance			4,531	3,423
Heat and light			8,584	9,454
Cleaning			2,390	3,420
Building expenses			125,774	900,142
School Hire —Course	& Exam fees			4,180
Accountancy fees			600	600
Postage			1,490	143
Stationery &office supplies				903
Telephone			2,422	2,973
Furniture and Equipments			4,136	600
Subscnptions			270	869
Monks' welfare			6,970	4,300
Bank charges			688	993
Administration			1,000	2,179
Bank overdraft charges
Motor &Travelling			1,150	938
Sundry expenses			1,993
			164,803	942,303
			164,803	943,718