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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|
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|||||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|
##
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|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|
##
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||||||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|
##
##