2023-03-31-accounts - The English Sangha Trust Limited

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				Page
Reference and Administrative Details		ofthe Charity,	its Trustees and Advisers
Trustees' Report				2-12
Independent Auditor's	Report			13-15
Consolidated Statement of Financial		Activities		16
Company Statement	of Financial Activities			17
Consolidated Balance	Sheet			18
Company Balance Sheet				19
Consolidated Statement of Cash Flow				20
Company Statement	of Cash Flow			21
Notes to the Financial	Statements			22-36

				Unrestricted	Restricted	Total Funds
			Notes	Funds	Funds	2023	2022
				E	f	E	E
Income and endowments		from:
Donations and legacies				788,174	788,646	1,576,820	2,590,225
Investments				140,913	5,282	146,195	36,633
Other				18,976		18,976	42,436
Total income and endowments				948,063	793,928	1,741,991	1,668,294
Expenditure on:
Charitable activities				988,518	67,013	1,055,531	1,040,815
Total expenditure				988,518	67,013	1,055,531	1,040,815
Net income				(40,455)	726,915	686,460	627,479
Transfers between	funds		14	2,586,761	(2,586,761)
Net movement in funds				2 546J306	{1)859846)	686p460	627~479
Reconciliation offunds:
Total funds brought	forward			13,289,878	9,731,113	23,020,991	22,393,512
Total funds carried	forward			15,836,184	7,871,267	23,707,451	23,020,991

				Unrestricted	Restricted	Total Funds
			Notes	Funds	Funds E	2023 E	2022f
Income and endowments		from:
Donations and legacies				788,174	788,646	1,576,820	1,590,225
Investments				140,913	5,282	146,195	36,633
Other				80,488		80,488	86,730
Total income and endowments				1,009,575	793,928	1,803,503	1,723,588
Expenditure on:
Charitable activities				993,105	67,013	1,060,118	1,045,794
Total expenditure				993,105	67,013	1,060,118	1,045,794
Net income				16,470	726,915	743,385	667,794
Transfers between	funds			2,586,761	(2,586,761)
Net movement in funds				2,603,231	(1,859,846)	743,385	667,794
Reconciliation offunds:
Total funds brought	forward			13,368,117	9,731,113	23,099,230	22,431,436
Total funds carried	forward			15,971,348	7,871,267	23,842,615	23,099,230

						Notes 2023	Notes 2023		2022
							E
Fixed assets
Tangible fixed assets							14,767,648		12,510,005
Current assets
Debtors						12	249,704		314,883
Cash at bank and in		hand					9,275,111		10,389,478
Total current assets							9,524,815		10,704,361
Creditors: amounts		falling		due within one	year	13	l585,012j		(293,375)
Net current assets							8,939,803		20,520,986
Total assets less current			liabilities				23,707,451		23,020,991
Net assets							23,707,451		23,020,992
Charity funds:
Restricted funds						14	7,871,267		9,731,113
Unrestricted funds
Designated funds						14	15,105,039		12,496,086
General funds						14	731,133		793,780
Share capital						15	12		12
Total unrestricted	funds						15,836,184		13,289,S7S
Total charity funds							23,707,451		23,020,991
The trustees have	prepared			group accounts	in accordance with section 398ofthe Companies			Act 2006 and section
138ofthe Charities		Act 2011. These financial statements				are prepared	in accordance with the special		provisions of
Part 15ofthe Companies			Act relating to small companies			and constitute	the annual accounts	required	by the
Companies Act 2006 and			are for circulation		to members	ofthe company.

			Notes	2023	2022
				E	6
Fixed assets
Tangible fixed assets				14,902,812	12,588,244
Current assets
Debtors			12	227,480	332,761
Cash at bank and in		hand		9,239,916	10,361,475
Total current assets				9,467,396	10,694,236
Creditors: amounts		falling
due within one year			13	(527,593)	(183,2501
Net current assets				8,939,803	10,510,986
Net assets				23,842,615	23,099,230
Charity funds:
Restricted funds			14	7,871,267	9,731,113
Unrestricted funds
Designated funds			14	15,240,202	12,574,324
General funds			14	731,134	793,781
Share capital			15	12	12
Total unrestricted	funds			15,971,348	13,368,117
Total charity funds				23,842,615	23,099,230

				Total Funds
			Notes	2023	2022
				E	E
Cash flow from operating	activities		18	1,422,480	705,104
Cash flows from investing	activities
Purchase oftangible fixed	assets			(2,536,847)	(2,148,263)
Net cash flows from investing activities				(2,536,847)	(2,148,2631
Change in cash and cash	equivalents	in the year		(1,114,367)	(1,443,159)
Cash and cash equivalents	at 1st April	2022		10,389,478	11,832,637
Cash and cash equivalents	at 31st March 2023			9,275,111	10,389,478
Cash and cash equivalents	consist of:
Cash at bank and in hand				9,275,111	10,389,478
Cash and cash equivalents	at 31stMarch 2023			9,275,111	10,389,478

				Total Funds
			Notes	2023 f	2022f
Cash flows from operating	activities		18	1,473,600	728,075
Cash flows from investing	activities
Purchase oftangible fixed	assets			(2,595,159)	(2,190,358)
Net cash flows from investing activities				(2,595,159)	(2,190,358)
Change in cash and cash equivalents		in the year		(1,121,559)	(1,462,283)
Cash and cash equivalents	at 1st April	2021		10,361,475	11,823,758
Cash and cash equivalents	at 31st March 2023			9,239,916	10,361,475
Cash and cash equivalents	consist of:
Cash at bank and in hand				9,239,916	10,361,475
Cash and cash equivalents	at 31stMarch 2023			9,239,916	10,361,475

2. INCOME FROM DONATIONS AND LEGACIES	2. INCOME FROM DONATIONS AND LEGACIES	2. INCOME FROM DONATIONS AND LEGACIES
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2023	2023	2023	2022	2022	2022
GROUP	E	E	E	E	E	E
Gifts	722,020	788,646	1,510,666	842,674	732,551	1,575,225
Legacies	66,154		66,154	15,000		15,000
	788,174	788,646	1,576,820	857,674	732,551	1,590,225
3.INCOME FROM INVESTMENTS
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2023	2023	2023	2022	2022	2022
GROUP	E	E	E	E	E
Interest receivable	140,913	5,282	146,195	36,156	477	36,633
	140,913	5,282	146,195	36,156	477	36,633

OTHER INCOME
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	Funds	Funds	Funds	Funds	Funds	Funds
	2023	2023	2023	2022	2022	2022
GROUP	E	E	E	E		E
Other income	18,976		18,976	41,436		41,436
	18,976		18,976	41,436		41,436

ANALYSIS OF EXPEND	ITURE	ITURE	ON CHARITABLE ACTIVITIES
Activities undertaken	directly
				2023	2022
GROUP				E	E
Staff costs				53,648	47,694
Welfare &food				98,919	100,305
Maintenance				226,296	193,485
Depreciation &(surplus)/loss			on disposal	279,204	368,684
Heat, light, water and	Council		Tax	117,900	123,196
Insurance				51,168	43,554
Travel				72,922	31,656
Publications				46,695	40,955
Printing & postage				9,541	8,403
Legal and professional	fees			10,242	1,942
Communications				13,756	14,382
Donations				1,050	1,200
Bank Charges				1,703	1,429
Sundry capital equipment		(items less than E2,000)		53,649	48,859
Other- administration	costs			3,646	5,281
Governance costs				15,192	9,790
				1,055,531	1,040,815

							2023	2022
		GROUP					E
		Audit and accountancy			fees		15,192	9,790
							15,192	9,790
7	.	AUDITOR'5	REMUNERATION
							2023	2022
		GROUP					E	E
		Fees payable	to the	charity's auditor		and its associates for the audit of
		the charity's	annual	accounts			18,692	13,090
		Other fees:	taxation	advice				400
							18,692	13,490

Net income	for t	he year	is stat	ed afte	r chargi	ng:
									2023 f	2022f
Depreciation	on	tangible	fixed	assets	owned	by	the	group	279,204	241,407
									279,204	241,407

The average monthly number of em	ployees and full time equivalent	(FTE) during th	e year was as	follows:
	2023	2023	2022	2022
	Number	FTE	Number	FTE
Administrative and project management
The total staff costs and employees	benefits was as follows:
GROUP		2023 f		2022f
Salaries and wages		101,703		91,753
Social security costs		5,786		5,030
Other pension costs		22,955		17,582
		130,444		114,365

TANGIBLE FIX	EDASSETS
			Site Improve-
		Freehold	ments,
GROUP		Land &	Fixtures &	Plant &	Motor
		Buildings f	Fittings f	Equipment f	Vehicles f	Total f
Cost
1April 2022		13,563,230	571,712	418,044	59,319	14,612,305
Additions		2,263,218	242,457	31,172		2,536,847
Disposals				(5,679)	(9,000)	(14,679)
31March 2023		15,826,448	814,169	443,537	50,319	17,134,473
Accumulated	depreciation
1April 2022		1,394,168	315,225	340,610	52,297	2,102,300
Charge for the	year	160,246	81,235	34,183	3,540	279,204
Eliminated on	disposal			(5,679)	(9,000)	(14,679)
31March 2023		1,554,414	396,460	369,114	46,837	2,366,825
Net book value
31March 2023		14,272,034	417,709	74,423	3,482	14,767,648
31March 2022		12,169,062	256,487	77,434	7,022	12,510,005
			Site Improve-
		Freehold	ments,
COMPANY		Land &	Fixtures &	Plant &	Motor
		Buildings f	Fittings f	Equipment f	Vehicles f	Total f
Cost
1April 2022		13,643,388	576,617	415,444	59,319	14,694,768
Additions		2,321,530	242,457	31,172		2,595,159
Disposals				(5,679)	(9,000)	(14,679)
31March 2023		15,964,918	819,074	440,937	50,319	17,275,248
Accumulated	depreciation
1April 2022		1,396,089	320,125	338,011	52,299	2,106,524
Charge for the	year	161,631	81,237	34,183	3,540	280,591
Eliminated on	disposal			(5,679)	(9,000)	(14,679)
31March 2023		1,557,720	401,362	366,515	46,839	2,372,436
Net book value
31March 2023		14,407,198	417,712	74,422	3,480	14,902,812
31March 2022		12,247,299	256,492	77,433	7,020	12,588,244

					GROUP		COMPANY	COMPANY
					2023	2022	2023	2022
					f	f	f	f
	Amounts	owed by group		undertakings			120,111	110,910
	Other Debtors				85,335	29,497	2,999	2,500
	Prepayments and accrued income				149,679	141,480	89,680	75,445
	Gift Aid	recoverable			14,690	143,906	14,690	143,906
					249,704	314,883	227,480	332,761
13	.CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
					GROUP		COMPANY
					2023	2022	2023	2022
					f		f	f
	Amounts	owed to group		undertakings			476,125	147,451
	Other taxes and social		security		2,667	2,558	2,667	2,558
	Other creditors				366,637	70,109	18,654	12,364
	Accruals	and deferred	income		215,708	120,708	30,147	20,877
					585,012	193,375	527,593	183,250

UNRESTRICTED FUNDS	UNRESTRICTED FUNDS	UNRESTRICTED FUNDS			Balance				Balance
GROUP					01-Apr-22 f	Income f	Expenditure f	Transfers f	31-Mar-23 f
Designated funds:
Unrestricted fixed		assets			11,802,586		(271,982)	2,536,847	14,067,451
Designated funds					693,500	111,990	(30,528)	262,626	1,037,588
					12,496,086	111,990	(302,510)	2,799,473	15,105,039
Other unrestricted		funds:
General funds					793,780	836,073	(686,008)	(212,712)	731,133
Share capital					12				12
					793,792	836,073	(686,008)	(212,712)	731,145
					13,289,878	948,063	(988,518)	2,586,761	15,836,184
UNRESTRICTED FUNDS					Balance				Balance
COMPANY					01-Apr-22 f	Income f	Expenditure f	Transfers E	31-Mar-23 E
Designated funds:
Unrestricted fixed		assets			11,880,823		(273,369)	2,595,159	14,202,613
Designated funds					693,501	111,990	(30,528)	262,626	1,037,589
					12,574,324	111,990	(303,897)	2,857,785	15,240,202
Other unrestricted		funds:
General funds					793,781	897,585	(689,208)	(271,024)	731,134
Share capital					12				12
					793,793	897,585	(689,208)	(271,024)	731,146
					13,368,117	1,009,575	(993,105)	2,586,761	15,971,348
RESTRICTED FUNDS					Balance				Balance
GROUP AND COMPANY					01-Apr-22 E	Income f	Expenditure E	Transfers E	31-Mar-23 f
Publications					31,208	24,155	(24,852)		30,511
Nuns' Community	Fund					15,279	(1,273)		14,006
Amaravati Long Term Plan					8,884,146	739,295	(33,103)	(2,568,688)	7,021,650
Cittaviveka Building		Fund			4,281	13,121	(563)	(3,253)	13,586
Heartwood Conservation			Fund		104,058	2,078		(14,820)	91,316
Fixed assets: other		buildings		and fittings	707,420		(7,222)		700,198
					9,731,113	793,928	(67,013)	(2,586,761)	7,871,267

FUNDS MOVEMENT (cont	in	ued)
Previous year
UNRESTRICTED FUNDS			Balance				Balance
GROUP			01-Apr-21 f	Income f	Expenditure f	Transfers f	31-Mar-22 f
Designated junds:
Unrestricted fixed assets			10,016,085		(361,762)	2,148,263	11,802,586
Designated funds			591,011	56,844	(32,805)	78,450	693,500
			10,607,096	56,844	(394,567)	2,226,713	12,496,086
Other unrestricted junds:
General funds			586,644	878,422	(585,214)	(86,072)	793,780
Share capital			12				12
			586,656	878,422	(585,214)	(86,072)	793,792
			11,193,752	935,266	(979,7S1)	2,140,641	13,289,S78
UNRESTRICTED FUNDS			Balance				Balance
COMPANY			01-Apr-21 f	Income f	Expenditure f	Transfers f	31-Mar-22 f
Designated funds:
Unrestricted fixed assets			10,054,010		(363,544)	2,190,357	11,880,823
Designated funds			591,012	56,844	(32,805)	78,450	693,501
			10,645,022	56,844	(396,349)	2,268,807	12,574,324
Other unrestricted funds:
General funds			586,642	923,716	(588,411)	(128,166)	793,781
Share capital			12				12
			586,654	923,716	(588,411)	(128,166)	793,793
			11,231,676	980,560	(9S4,760)	2,140,641	13,368,117
RESTRICTED FUND5			Balance				Balance
GROUP AND COMPANY			01-Apr-21	Income	Expenditure	Transfers	31-Mar-22
Publications			41,565	12,604	(22,961)		31,208
Long Term Welfare
Nuns' Community Fund			13,017	9	(1,387)	(11,639)
Amoravoti Long Term Plan			10,164,486	718,855	(25,601)	(1,973,594)	8,884,146
Cittaviveka Building Fund			4,391	1,350	(1,460)		4,281
ESTConservation Fund			65,263	41		(65,304)
Heartwood Conservation	Fund		196,396	169	(2,403)	(90,104)	104,058
Fixed assets: other buildings		and fittings	714,642		(7,222)		707,420

					2023		2022
					E		E
Authorised,		allotted, called up and fully paid
12 ordinary		shares ofE1each			12		22
SUMMARY		OF FUNDS
			Brought			Transfers	Carried
			Forward	Income	Expenditure	in/(out)	Forward
GROUP			E	E	E	f	f
Designated		funds	12,496,086	111,990	(302,510)	2,799,473	15,105,039
Unrestricted		income funds	793 792	836,073	686,008	212712	731,145
			13,289,878	948,063	(988,518)	2,586,761	15,836,184
Restricted	funds		9,731,113	793928	67,013	2 586761	7,871,267
Group Funds at 31March 2023			23020991	1741991	1055 531		23707451
			Brought			Transfers	Carried
			Forward	Income	Expenditure	in/(out)	Forward
COMPANY			E	E	f	f	E
Designated		funds	12,574,324	111,990	(303,897)	2,857,785	15,240,202
Unrestricted		income funds	793793	897 585	689,208	271,024	731146
			13,368,117	1,009,575	(993,105)	2,586,761	15,971,348
Restricted	funds		9,731,113	793,928	67,013	2,586,761	7,871,267
Company	Funds at 31March 2023		23099230	1803 503	1060118		23842615

17.ANALYSIS OF	NET ASSETS BETWEEN FUNDS	NET ASSETS BETWEEN FUNDS	NET ASSETS BETWEEN FUNDS	NET ASSETS BETWEEN FUNDS	NET ASSETS BETWEEN FUNDS
									Unrestricted	Restricted
GROUP									funds	funds	Total
									f	f
Fund balances	at 31	March		2023 are represented		by:-
Tangible fixed	assets								14,067,450	700,198	14,767,648
Current assets									2,352,554	7,172,261	9,524,815
Creditors due	within	one	year						(584,241)	(771)	(585,012)
									15,835,763	7,871,688	23,707,451
									Unrestricted	Restricted
COMPANY									funds	funds	Total
									f	f	f
Fund balances	at31	March		2023 are represented		by:-
Tangible fixed	assets								14,202,613	700,199	14,902,812
Current assets									2,295,135	7,172,261	9,467,396
Creditors due	within	one	year						(526,822)	(771)	(527,593)
									15,970,926	7,871,689	23,842,615
									Unrestricted	Restricted
GROUP									funds	funds	Total
									f	f	f
Fund balances	at 31	March		2022 are represented		by:-
Tangible fixed	assets								11,802,585	707,420	12,510,005
Current assets									1,679,356	9,025,005	10,704,361
Creditors due	within	one	year						(192,062)	(1,313)	(193,375)
									13,289,879	9,731,112	23,020,991
									Unrestricted	Restricted
COMPANY									funds	funds	Total
									f	f	f
Fund balances	at 31March			2022 are represented		by:-
Tangible fixed	assets								11,880,823	707,421	12,588,244
Current assets									1,669,231	9,025,005	10,694,236
Creditors due	within	one	year						(181,937)	(1,313)	(183,250)
									13,368,117	9,731,113	23,099,230
18.RECONCILATION OF		NET	INCOME TO NET CASH			FLOW	FROM	OPERATING ACTIVITIES
								GROUP		COMPANY
							2023 f		2022f	2023 f	2022 f
Net income for the year							686,460		627,479	743,385	667,794
Depreciation	oftangible		fixed		assets		279,204		241,407	280,591	243,191
Loss on disposal oftangible				fixed assets					127,575		127,575
(Increase)/Decrease		in debtors					65,179		(212,564)	105,281	(273,477)
(Decrease)/Increase		in creditors					391,637		(78,793)	344,343	(37,008)
Net cash flow	from operating				activities		1,422,480		705,104	1,473,600	728,075

At 31Marc	h 2023 the group and	company h	ad the following ca	pital commitment	s.
			GROUP		COMPANY
			2023 f	2022 f	2023 f	2022 f
Contracted	for but not provided	in these
financial statements			353,277	998,013

						Percentage
Company	name				Country	shareholding	Description
Amaravati	Developments		Limited		England	100%	Redevelopment of Amaravati Buddhist Monastery site
Registered	Office
Amaravati	Buddhist	Monastery,		Great	Gaddesden, Hemel	Hempstead, Hertfordshire, HP1 3BZ.

	Total	Total
Financial information	2023 f	2022f
Capital and reserves as at 31March 2023
Profit / (Loss) for the financial year before Gift Aid	58,312	42,094