Company R•glstr4tlon No. 094131941England *nd Wole$l QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS COMPANY LIMITED BY GUARANTEE FOR THE YEAR ENDED 31 JANUARY 2025 HT ACCOUNTANTS & CO LLP Chartered Certrfled Artountsnts Unll 3 Ibex House 2 Leytonstone Road E15 1SE
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 COMPANY INFORMATION Tnlee Mr Guan9 KLWI Ms Ningna Ji8ng MrAfain Jean Henri Duboi5 Company number 09413194 R•gl8l•Yed offic• 111 cOnrt Road Lon(kJn SE153RU Ac¢ountsnts krrA¢¢ountsnts & Co LLP Unil 3 Ibex Hou80 2a Leytonston8 Road London Unitéd Kingdom E15 1SE 8uglne89 addr• 111 Consort Road London SE153RU
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 CONTENTS Pag• Trustees, report Awurrtants, roport Inrmne aTrd expendrture account Balance sheet Noles lo the finaal statements
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 TRUSTEES. REPORT FOR THE YEAR ENDED 31 JANUARY2025 The tru51e9 preser hfs annual report and financial statements for the year ended 31 January 2025. PrSncipal *ctfvltio¥ The piinclp81 aGtthty of lh• ojmpany crArfnued to ba that of r81ig1$ adivhies. Tru$tsg The trustee who hd charity during the year and up to the date of 8wJnaturo of th8 fina81 stalemgnts w88 a$ fouows." IAI Guang Kuan Ms Ningna Jlang MrAlaln Jgan Henri Dubois Thls report ha8 beon prepared in accordance wlh the provlsions apF1Cable lo companie8 enbll8d lo the small companies exempllon. On bghalf of the board Mr Guang Kuan Trustse 6 June 2025
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 REPORT TO THE TRVSTEES ON THE PREPARATION OF THE UNAUDrrED STATUTORY ACCOUNTS OF QING LIANG BUDDHIST ASSOCIATION In ordor to a8SiSt you to fv1 your duties under Iha Companies Ad 21J06, we have prepared for YOUT approval Ihg n8n¢ slatemenl$ of Qing Liang Buddhist Association for the year frnded 31 January 2025 which comprise the in¢ome and expendllure account, the balance sheet Bnd the rel818d notes from the ojmpany's accwntirKJ records and from Inlom)alion and explan8llon8 you havg gIn us. As 8 pra¢tSsing member ffirm ol Ihe Assodalion of Chartered C8rtTfi¢d Accounlanls, wg are subject to Its ethic81 and other professlonal r&quirements whlch are detailad al https'.IfvM¥AccaglobaI.rn1gbIenIMeMberfsThdardsIr1•$ ¥nd-51ondardslTulebook.hlml. This Teport is madè sol¢ly lo the Trustees of Qing Liang Buddhist A$soallon, as a bocty, In accordance wrfh Ihe temis of our eThJagement letter. Our work has been undertaken solely lo prepare for your appriiwal thè financial stslements ol Q'ng Liang Buddhist Assoa8tion and stste those mattern that we have agreed lo stsle lo th8 Trustees of aing Liang Buddhist Assodation, as a body. in Ihls report In accord8n¢e wrth the requlroments of the Association of Chartered Certified Accountants a5 det¥ibd al https:IfvNM.ac¢agIobal.comlcnlentIdaMK ACCA Gb)bawfe¢hni¢aVfactftechnicakladsheet-163.pdl. To the fvllesl exient permrtt8d by law, we do not a¢c8pt or assume rèsponsSbillty to anyone other than Qing Liang Buddhist Assoaation and its Tru8l¢es. for our work or lor this repxt. It Is your duty to ensure that Qing iiang Buddhlsl Asso(yation has kept adequate accounthng rewrds and to prepara ststutory financial stalem8nl$ Ih8t gbve o true and fair viow of the assets, li8bilities, financial position and 8urF4us of Qing Liang Buddhist Assouation. You consideT that Qlng Liang Buddhist Association is exempl from the statutory audtt requirement for the year. Vve hAve nol been Instructed to carry tyjt an audlt or 8 remw of the finaA81 statsments of Qlng Uang Buddhist Association. For this ieason, we have not verified the accuracy or completeness of the ac£ounting records or information and expianallons you have gn to us aryj we do not, Iherefwe. express any opinion on thè statutory finandal staiements. HT A¢¢ourtants & Co LLP 6 June 2025 Chart•rgd Cordfwl A¢¢ountsnts Untt 3 Ib•x House 2a Leylonston8 Road London United Kingdom E15 1SE
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER= 1205682 INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 2025 2024 Ineom• Cost of sal&s 823.999 {59,526} 20,247 {5,6681 Gm#s 8Uryblu¥ 564,473 14.579 AdmInistrati expenses {47.7101 (16.559) Surpluslldeffeitl boforg taxation 518,763 11.980} Tax on SuluSI{defldf> Sury>luTI{dofi¢ltl for th• flnancial yèar 516,763 11,9BO)
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 BALANCE SHEET ASAT31 JANUARY2025 202S 2024 Flx•d a•8•ts Tangible as5el8 1,810.116 1.809,244 Cumnl assets Ca$h al bank and in hand 575,772 59.8B1 N•t currnnt I•ts 575.772 59,881 Total •••ets I8 curront Ilabllltl 2,385,888 1,869,125 Reserv Incorne and exwnditure acnI 2,385.888 1,889,125 lembern. funds 2,385.888 1.869,125 For the finaniial year ended 31 January 2025 the company wa8 ented to exemption from audit under sèction 477 of the Companio$Aet 2006 relating to small companies. The trus¢ee$ acanowl¢dg¢ their responsibilitie5 for conwlyiry ¥1h the requlrements ofthe Compan$ Acl 2006 with re8ped to accounting records and the preparalhjn of financ481 stslements. The members hav8 not required the ¢ompany to obtsin an audlt of lis financkal statements for the ygar in question In accordance whh $ection 476. Thèsa financial statements have been prepared in accordance vAth the provlsk)ns opplicable to companio$ subjed 10 the $mall companies reglmg. The fin8nc*81 statements were approved by th8 Iruslees and aulhoris8d for issue on 6 June 2025 and are signe(l on its bohalf by.. Mr Guang Kuan TruJts• Comp•ny Regl$trntlon No. l)9413194
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JANUARY2025 AcGountlng poll¢los CompAny Infom)ation Qing Lrang Buddhist As$oaatlon 18 8 private company limrted by guaranto8 incorFml•d in England and Wales. The r8gi$19rgd offks is 111 Consort Rog(f. London, SE15 3RU. 1.1 Accounllng ¢onventlon The88 financial staternents have been prepared in accordance wilh FRS T2 'Thè Finanoal Reporting Standard applicablo in the UK and Republic of Iland. CFRS 1021 and the quIrernents of the Companlès Act 20C6 as applicable to companies subject lo th8 small ¢tsmpanies regim8. Thg dlsdosuro reqlwrements of 8ection 1A of FRS 102 have bèen appld other than where addlNonal disdosure is raquwed to a true and fair w8w. Th& ffinanclal statements are prepared in sterllng, whK is the funclional currency of the company. Monelary amounts in these financial sta8m8nts ar• rounded to the n8ar8$t £. The financial stalernenls havg been PTepared under tha hislorfcal 8t convention. modrfied lo Indle the rvvaluation of freehold properties and to indude invgStm&nl properties and certain ffinancaal Instruments at fair valug. The prinLYpal accoLtnting polides adopted are set out telow. 1.2 In¢om• and expendltstrn Income and eypenses are induded in tho finanaal sta18mants as th•y become rec8ivabl8 or dug. Expenses indude VAT wh8r• aFpli¢able 4$ the o)mpany cannot r¢daim IL 13 Tanglbl• fix as8•ts Tangible fixed 8$8ets are inttialty measured ot ¢081 and $ubsèquenUy measur¥d at cost or valuation. net of depr8aation and any impainnenl loss8s. Depreciation is recognised so as lo writti off the cost orvalualion of assets less their residual v81ups over Iheir U8eful hves on th8 following bases.. Freohold land and buihjings Computers No deprecHtion 10% Reduclng Balance The gain or loss arising on th8 dtsposal of an assét is deterrnined as the dlfferen¢8 be88n the sa proceeds and the carwng value of th8 asset. and is credited or charged to surplus or defial. 1A Impalmnt of flxed •ss•ts At each reporting period end dal8. the eomp•ny reviews tha •ng antr)unts of Tts tangibk assets to detarmine wheth&r there is any indication that those assets have suffèrèd an impaimienl loss. If any suth indicalion a$1$, the recoverable amount of the asset is estimatad in ordèr lo determine Ihe ex1enl of the ImpairN1loS5 Ilf anyl. Where il is not possible lo e5timat8 Ihè racover¥ble amount of an indivtdual asso1, lh8 company estimates the rec0vorab amount of the CaS9neratIng unit lo whtch the asset belong$. Recoverable amount is the hlgher of fair value less costs to gell and valu8 in use. In assessing value in uso. th8 eslimaled fulure cash fflows are discounted lo Ihelr present value u$ing 8 pre-tax dL8counl rate that reflects Jrrent markèt asses$ment5 of th8 time value of money and th¥ rfsks spelafic lo the asset for which Ihe eslimatgs ol future cash IIow8 have not been adju31ed. If the O¥eratIe amount of an assat lor CaSgenerating unit) is &$limated lo b8 18SS than Its canying amount. the cBrying amount of the asset lor cash-generating vnf(l is reduced lo rts recoverable amount. An impaimenl loss is rec£Jgnis&d Imm101e1Y in Surplus or doflcll, unless the rekvant assgt Is canled al a revaluod amount, in which case the impairment loss is treated as 8 revaluation decreas8.
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Icontlnu•dl A¢¢ounllng poll¢le• Re¢ognlsed Imp8lfmei)t losses are r8vers8d if, and only if, the Teasons for the imp8imient loss hove cea$od lo appty. Where an impabmient loss subsequenlty reverses. th¥ carrying amount of the ass81 {or cash- generating unit) ts inc¥eased to the revts8d estime of its recoverable amount, but so thal thè inueased ¢arrylng amount does not ex(£ed the carrying amounl that would have beèn deleThined had no impaimient Ios5 been recoyni5ed for the ass {or ¢ash-generating unit) in prior years. A rèversal of an impaimionl ioss is recognised immedialy in surplus or defirit, unl&s5 Ihe rfjthnt asset is cgrried at a rtrvaluod amount. in which cose the r&versal of thè Impairment loss is Ireale¢J as a revaluation Inc¥8ase. 1.5 Ca¥h and cash oqulvalents Cash 8nd cash equNalents are basic ffin8n¢ial assets and indude cash in hand, deposts held at ¢all with b8nk5. Other short-lemi liquld invéstm&nls with origlnal maluritie$ of three month$ or less, and bank overdrafts. Bank overdrafts are shown wlihin borrowlngs in Crent liabllilies. Flnancl¥l Instrumnts The company has eketed to appty the Pro510n3 of Sedion 11 'Basic Flnandal Instrum8nts' and Séction 12 'Other FInaty Instruments Issu6s' of FRS 102 to am of its ffinancial Inslrumerrts. Financial Instruments are rwnlsed in the ¢ompanyB balance sheet when the company becomes party to the ¢ontr¥du#l pro¥ision$ of the instrumenL Finanaal assets ond fiabilitias ar¢ offset. wth the nat amounts presented In th$ fin#nual stalem$nts, when thare is a legally enfor(able right to Set off the recognised amounts and there Is an intention to settle on a net b8Si5 or to realise the asset and Sett the liability Simtan80USIy. B•si¢ Ilnan¢lal assets Basic financAal assets, which indude debtors and c£8h and bank balances. are initlalty measured at tr8nsaction pri indudlng transaction costs and are subsequently carried al amortisttd ts)st using the effeclive interest Thlhod unless the arnangement constitutes a finanung tran58Ction. where the transaCon is mtrasured al the present valuo of the fulure raceipts discounted at a market rate of interest Financ481 assets classified as r8ceivable wllhin one year are not amortisgd. Cl•sslft¢atlon of fin4nehl IlabKllles Financial liabilities and 8quKy instrum9nts are da8$ifieil ac¢ording to the Substan of thè contractual arrangements entered into. An equty instrument is any ¢ontraGt that eviden¢es a residual interesl in the asset5 of the company aft¥T dedudlng all of Its lialxlities. 8a$lc finan¢lalllabllltle$ Basic financial 1iab5litS, including creditors. bank loans, loans from fellow group companies and preferènce shares that are dassifiod as debt. 8re inllially re¢ognlsed at transadion prlce unless the aThangement ¢onstthle$ a financing Ir8nsartion. wh¥re the debt instrument is mèasured al th& present value of the fuiure payrn&nls diS¢ountl at a market ratè of interest. Financial liabiifaes classIfd as payab18 wiihin one year are not amortised. Dabt instruments ar& subsequently rrIed at amrti5sd Cost. U8ing the eff8Ctive int¢re8t rate method. Trade ¢r8ditors are oblvJallons lo pay for goods or seNices that havo bègn a¢quiréd in Ihe ordinary coursè of business from suppli¥rs. Amounts payable ar• d8ssffied as CUTr&nl liabilities 6f payment Ss du& wthin one ygar or less. If not, they are PTesenl¥d as nofvcurrent Ilabilities. Trade credrtors are recognised inwally at trnnsactbon prico and subsu$ntty measured at amortised co81 using the 8ffe¢tive Inler&sl method. 1.7 Taxatlon The company 1$ exempt from pltsn lax. it being a company not carrying on a business fe¥thè purposes of making 8 profft.
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 NOTES TO THE FINANCIAL STATEMENTS {CONTINUED) FOR THE YEAR ENDED 31 JANUARY2025 Employ•es 2025 Ilumbor 2024 Numbèr Total Tanyiblg Ilxgd uets Frwhold land corw1¥ 4nd buldingg Cost At 1 F9bru8ry 2024 Addmtsns 1,805,048 1.922 9,307 1.814.353 1,922 Ai 31 January 2025 1,806,8 9.307 1.816.275 Depr9clatlon and Imwmient Al 1 February 2024 08preciallon tharged in the year 5.109 5.109 1,050 Al 31 January 2025 8.159 6.159 Carrying Amount Al 31 January 2025 1,8(.968 3.148 1,810.116 At 31 January 2024 1,805,046 4.198 1,VoJ9.244 Momb•rffj' Ilablllty Th9 company 18 limit8d by guarantee. not hawng a share capital and eonsgquenlly the liability of members is Ihited, subject to an undèrtgkin9 by eath member to contributé to the net 8$5•ts or Ilabflilles ol the company cn winding up 3uch amounts 85 may be r8quirgd not èxceeding £1. R•lat•d paity trans•¢lfo
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 MANAGEMENT INFORMATION FOR THE YEAR ENDED 31 JANUARY 2025
QING LIANG BUDDHIST ASSOCIATION CHARITY REGISTERED NUMBER: 1205682 DETAILED TRADING AND INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 JANUARY2025 2025 2024 In¢om• Charitabla donations 23,999 20,247 Co¥t of MI•B Ch8ritab19 Dire¢A c08ts 59.526 5.668 159.526) 15,6681 Grn¥$ •uvplus 90.46% 564,473 72.01% 14,579 Admlni•tratlve oXP•IW$ Rates Power, light and heal Sornre sts TravelliNJ expenses Ac¢ommodation and subsistence Postago, courfer and daffvery charges Profe88lonal subsiylpts'on$ Legal and profeson81 feos Bank charges Pnth'n9 and statitinery T•lecommunicatns Sundry expenses Deprg¢kqtion 772 2.882 386 10,528 24.C 531 2,538 622 6,618 2,934 218 5,880 173 1,429 118 1.050 1.125 375 1,399 {47.710} (16.559) Oporatlng Surplu(defi¢1l} S16,763 {1,9801