|Council Members|Dr P Groves||||| |---|---|---|---|---|---| ||Sandra Turner|(Suryagupta),|Chair||| ||Ms C Edwards||||| ||Mr DWaterston||||| ||Mr0 Brock||||| ||Ms JWeiss||||| ||Ms H Murray||||| ||Dr D Showman||||| ||Mr G Miller|||(Appointed|on 14February 2023)| ||Mr R Mains|||(Appointed|on 24 May 2022)| ||Ms H Burgess|||(Appointed|on 20June 2023)| |Charity Number|233420||||| |Auditor|Saffery LLP||||| ||StCatherine's|Court|||| ||Berkeley Place||||| ||Clifton||||| ||Bristol||||| ||BSB1BQ||||| |Bankers|Lloyds Bank||||| ||70-71Cheapside||||| ||London||||| ||EC2V 6EN||||| ||Triodos Bank||||| ||11The Promenade||||| ||Clifton||||| ||Bristol||||| ||BS83NN||||| ||Clydesdale
Bank PLC||||| ||London||||| ||SW1Y4ND||||| |Solicitors|Edward Harte|&Co|||| ||6 Pavilion
Parade||||| ||Brighton||||| ||East Sussex||||| ||BN1 1RA||||| ## ## ||||Page| |---|---|---|---| |The Chair's update|||1-2| |Council Members'
report|||3-6| |Statement ofCouncil|Members'|responsibilities|| |Independent
Auditor's|report||8-11| |Statement of Financial|Activities||12| |Balance Sheet|||13| |Statement ofCash Flows|||14| |Notes to the Accounts|||16-30| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||Unrestricted|Restrfcted|Total|Total| |---|---|---|---|---|---|---|---| |||||funds|funds||| ||||Notes|2023|2023|2023|2022| |||||6|6|6|E| |Income from:|||||||| |Donations
and legacies||||769,524|27,552|797,076|266,076| |Charitable
activities||||1,159,979||1,159,979|992,786| |Trading activities —shops||||257,182||257,182|246,371| |Investments||||15,600||15,600|15,600| |Total income||||2,202,285|27,552|2,229,837|1,520,833| |Expenditure
on:|||||||| |Raising funds -shops running||costs||188,261||188,261|179,873| |Charitable
activities||||1,463,268|6,994|1,470,262|1,180,462| |Total resources expended||||1,651,529|6,994|1,658,523|1,360,335| |Net Gain/(losses)
on Investment|||||||11,000| |Net (expenditure)/income|for|the|||||| |year|||||||| |Net movement
in funds||||550,756|20,558|571,314|171,498| |Fund balances at 1April 2022||||3,935,829|13,051|3,948,880|3,777,382| |Fund balances at31March|2023|||4,486,585|33,609|4,520,194|3,948,880| ## ||||||2023|||2022|| |---|---|---|---|---|---|---|---|---|---| ||||Notes||||||| |Fixed assets|||||||||| |Tangible assets|||15|||3,783,352|||3,824,231| |Investment
properties|||16|||567,000|||567,000| |||||||4,350,352|||4,391,231| |Cunent assets|||||||||| |Stocks|||17|19,904|||21,289||| |Debtors due within one year|||18|649,930|||37,254||| |Cash at bank and in hand||||802,551|||920,603||| |||||1,472,385|||979,146||| |Creditors:
Amounts|falling due||||||||| |within one year|||19|(215,287)|||(239,318)||| |Net current assets||||||1,257,098|||739,828| |Total assets less current||liabilities||||5,607,450|||5,131,059| |Creditors:
Amounts|faglng due||||||||| |after more than one|year||20|||(1,087,256)|||(1,182,179)| |Net assets||||||4,520,194|||3,948,880| |Income funds|||||||||| |Restricted funds|||23|||33,609|||13,051| |Designated
funds|||24|3,250,140|||3,249,684||| |General unrestricted|funds|||1,236,445|||686,145||| |||||||4,486,585|||3,935,829| |Total Funds||||||4,520,194|||3,948,880| ## ||||||2023|||2022|| |---|---|---|---|---|---|---|---|---|---| |||Notes||6|||6||| |Cash flows from operating|activities||||||||| |Cash generated
from operations|||30|||33,641|||2,583,774| |Investing activities|||||||||| |Purchase oftangible fixed|assets|||(60,071)|||(2,342,982)||| |||||||(60,071)|||(2,342,982)| |Net cash used in investing|actlvltles||||||||| |Financing activities|||||||||| |Repayment
ofbank loans||||(91,622)|||(96,324)||| |Net cash used in financing|activities|||||(91,622)|||(96,324)| |||||||(118,052)|||144,468| |Net Increase in cash and cash equivalents|||||||||| |Cash and cash equivalents|at beginning|of|year|||920,603|||776,135| |Cash and cash equivalents|at end ofyear||29|||802,551|||920,603| ## ## ## ## ## ## ## |Freehold|land|Not depreciated| |---|---|---| |Freehold|buildings|SOyears| |Furniture|and equipment|Syears| |Motor vehicles||4years| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |ncome from donations
and legades|||| |---|---|---|---| ||Unrestricted|Restricted|Total| ||funds|funds|| ||E|E|| |Legacies|590,000||590,000| |Donations|179,524|27,552|207,076| |For the year ended 31March 2023|769,524|27,552|797,076| |Legacies|||| |Donations|249,523|16,553|266,076| |Forthe year ended 31March 2022|249,523|16,553|266,076| ## |4.|Trading acti|v|ities —sho|p|s|||||| |---|---|---|---|---|---|---|---|---|---|---| ||||||||||Unresoicted|Unrestricted| ||||||||||funds|funds| ||||||||||2023
f|2022f| ||Shop income||||||||257,182|246,371| ||Incoming resources from|||||charitable|activities - analysis|by activities||| ||||||||||2023
E|2022f| ||London Buddhist Centre events||||||||234,668|216,642| ||Breathing Space||||||||97,901|87,284| ||Retreat Centre events||||||||464,708|337,886| ||Properties|and Residential||||communities|||362,702|350,974| ||||||||||1,159,979|992,786| |6,|Investments|||||||||| ||||||||||2023f|2022
E| ||Investment|property-||rental income|||||15,600|15,600| ||||||||||15,600|15,600| |7.|Expenditure||on raising|funds - shops|||running costs|||| ||||||||||Unrestricted|UnrestrIcted| ||||||||||funds|funds| ||||||||||2023
E|2022f| ||||dd|||||||| ||Shop running||costs||||||49,476|36,701| ||Staff costs||||||||98,217|104,383| ||Support and||governance||costs||||40,568|38,789| ||Fundraising||and publicity||||||188,261|179,873| ||||||0|Co
cu
0
Iu|W|ulmr
mme
e
m|ulmr
mme
e
m|ulmr
mme
e
m|o
fo|I
O|O
0
Ch
Iu||cv
01
O|m
Ol
01|Co||I
m
ul
O
tfl|m
m
Ol
(h
fo||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||'5|O
N||SRW
IDOID
g
I
I||||||I
IVo
r|fu|Ol|fuo
r|||||| |||||I
4I
Io
Cr|C
0
Cl|row
Cu
O
IV||m
0
Ifl
Ul|O|IO
ChI|m
Ch
m|||0
Iu
m
m|||||||r
Ul
O|| ||||||0|||||||||||||||||| ||||||4|||||||||||||||||| |||||C|0||||||IO
r|||IO
r|D
r||ID
r||||m|| |||||L
5|0
K|Cl
CC|||||tD
I|||(O|ID||0||||01|| |||||oo|C
E0|Eh
Iu
Iu|W|||fc|g|(0|C|Ul
m
IV
m
rh|Ul
mht
ID
Ol
m||Ul
m
IO
m||0(1
EO
ID
m|||| |||||04
0
lo
4I|4
IC0|row
m
o
fu||m
r
m
Ul||00
r|m
r
Co|o
mrc
tO
Ul
le||Ol
~0|||I
Co||m
Ol|||Cl
0
Clfc| |||||CO||||||||||||||||||4t00a| |||||oEEq
40 Oo
co o«cu|||||||(t
o|0
r|th
m||o
fo
CO|(h
Ch
IO|||I
r
e|o
Ol
r
m|r
Ul
Co|| |||||l3|||||||||||||||w|m||| ||||||||||||||||||||m||m|| ||C||||||||||||o|||||||||| |C0IJ
Cl
OI
E
0
vo
IO
Q
IA
v o
Ul
'o
Po
e0 c
IL0
Cc
0 v
o
0C
No
0
C||Ifl
CI
(ct
0
OI
m
Ifr
'o
C
~
o
OI|IO
Ol
J1
OI
0
EO
IJ
C0
Ol
8CSo.
0(
(0|||||6
O
U|0
0.0
O|||o
0
00
I
0
0
0
a
a
0
Ul|~I
0
00
'8
0
50
E
0
«0W
0
Cl0
Ul||'0
00 0
C 0 100
«7I
oto|||01
0
CI
Ih
11
Cl
C
0|O
4I
C
C
0|10t
'C
O
0||| |I-|Z|o
u.||||||||||||||||||||| ## ## ## |||2023
f|2022f| |---|---|---|---| |Grants|to institutions||| |Trlratna|Buddhist Order Central|34,035|35,680| |Abhayaratna
Trust|||14,200| |Krakow|Buddhist Centre|11,985|| |Future|Dharma
Fund|8,568|| |Tlratanakola||4,565|| |Other grants under f2,000each||7,023|3,497| |||66,176|53,377| |Grants|to Individuals|10,000|| |||76,176|53,377| ## |upport c|osts|||||| |---|---|---|---|---|---|---| |||Support|Governance|2023|2022|Basis ofallocation| |||costsf|costsf|||| |Depreciation||58,950||58,950|56,649|Staff time on activity| |Postage and stationery||848||848|947|Staff time on activity| |ITcosts||16,033||16,033|15,640|Stafftime on activity| |Bank charges||8,304||8,304|6,353|Stafftime on activity| |Telephone
Travel||3,003
16,679||3,003
16,679|3,387
6,537|Staff time on activity
staff time on activity| |Sundry expenses||8,536||8,536|1,194|Staff time on activity| |Insurance||33,960||33,960|30,475|Staff time on activity| |Interest payable||55,136||55,136|40,887|Stafftime on activity| |Audit fees|||15,150|15,150|12,350|Governance| |Legal and|professional|||||| |fees|||24,882|24,882|24,496|Governance| |||201,449|40,032|241,481|198,915|| |Analysed|between|||||| |Fundraising||33,843|6,725|40,568|48,222|| |Charitable|activities|167,606|33,307|200,913|150,693|| |||201,449|40,032|241,481|198,915|| ## ## |The average monthly
number ofemployees
during|the year was:|| |---|---|---| ||2023|2022| ||Number|Number| |LBCcharity shops||| |London Buddhist centre events||| |Breathing space||| |Retreat centre events||| |Buddhist communities||| |Support||| |Governance||| ||32|30| |Employment
costs||| ||2023|2022| ||6|6| |Wages and salaries|510,384|473,898| |Social security costs|31,440|26,483| |Other pension costs|41,091|36,088| ||582,915|536,469| ## ## ## |angible fixed assets|||||| |---|---|---|---|---|---| |||Freehold|Rxtures|Motor|Total| |||land and|and|vehicles|| |||buildings|equipment||| |||6|6||| |Cost|||||| |At 1April 2022||4,513,103|142,918|11,911|4,667,932| |Additions||49,626|8,945|1,500|60,071| |Dlsposals|||(10,100)||(10,100)| |At31March 2023||4,562,729|141,763|13,411|4,717,903| |Depreciation
and impairment|||||| |At 1April 2022||734,266|100,127|9,308|843,701| |Depreciation
charged|In the year|85,282|12,315|3,353|100,950| |Eliminated
on disposal|||(10,100)||(10,100)| |At31March 2023||819,548|102,342|12,661|934,551| |Carrying amount|||||| |At31March 2023||3,743,181|39,421|750|3,783,352| |At31March 2022||3,778,837|42,791|2,603|3,824,231| ## |||2023| |---|---|---| |Fair value||| |At 1April 2022||567,000| |Net gains or losses through|fair value adjustments|| |At31March 2023||567,000| ## ## ## |Stocks|||| |---|---|---|---| |||2023|2022| |Finished goods and goods resale||19,904|21,289| |Debtors|||| |Amounts
falling due within one year:|||| |||2023|2022| |Trade debtors||4,450|5,730| |Other debtors||621,460|29,799| |Prepayments|and accrued income|24,020|1,725| |||649,930|37,254| ## ## |Creditors: am|ounts
falling due|within one year||| |---|---|---|---|---| ||||2023|2022| |||Notes||| |Bankloans||21|102,638|99,337| |Other taxatlon|and social security||717|7,685| |Deferred Income|||68,834|63,349| |Other creditors|||12,590|11,489| |Accrvals|||30,508|57,458| ||||215,287|239,318| ## |20.|Creditors: amounts
falling|due after more than one yea|r|| |---|---|---|---|---| ||||2023|2022| |||Notes||| ||Bankloans|21|1,087,256|1,182,179| ||||1,087,256|1,182,179| |21.|Loans and overdrafts|||| ||||2023|2022| ||||6|6| ||Bank loans||1,189,894|1,281,516| ||||1,189,894|1,281,516| ||Payable within one year||102,638|99,337| ||Payable after one year||1,087,256|1,182,179| ## ## |Financial|instru|ments||||| |---|---|---|---|---|---|---| ||||||2023|2022| |Carrying|amount|ofRnancial|assets|||| |Debt instruments||measured|at amortised|cost|649,929|36,007| |Carrying|amount|offinancial|liabgities|||| |Measured|at amortised
cost||||1,272,035|1,364,039| ## ||||||Movement|in funds|| |---|---|---|---|---|---|---|---| |||||Balance at|IncomIng|Resources|Balance at| |||||1April 2022
f|resources
f|expended
F.|31March 2023
f| |Triratna|Buddhist|Order|India|3,884|||4,333| |Ratnasambhava||Fund||9,167|320|(6,994)|2,493| |Mandala|Caff||||20,783||20,783| |Navakula|Kitchen||||6,000||| |||||13,051|27,552|(6,994)|33,609| ## |out ofunre|stricted
fu|nds
by the truste|es for specific|purposes:||| |---|---|---|---|---|---|---| |||Balance at|Transfers|Balance at|Transfers|Balance at| |||1April 2021||1April 2022||31March 2023| |||||6|6|E| |Fixed assets|fund|854,000|2,297,894|3,151,894|8,564|3,160,458| |Major repairs reserve||60,000|4,616|64,616|(8,117)|56,499| |Residential||||||| |community|fund|26,844|6,330|33,174||33,183| |||940,844|2,308,840|3,249,684|456|3,250,140| ## ## |||unrestricted|Restricted|Total| |---|---|---|---|---| |Fund balances at 31March 2023are represented|by:|6|6|6| |Tangible assets||3,783,352||3,783,352| |Investment
properties||567,000||567,000| |Current assets/(liabilities)||1,223,489|33,609|1,257,098| |Long term liabilities||(1,087,256)||(1,087,256)| |||4,486,585|33,609|4,520,194| ## ## ## ## ## ## ## |Analy|sis ofchan|ges
in net (debt)/funds|||| |---|---|---|---|---|---| ||||At 1April 2022|Cash flows|At 31March 2023| ||||E|6|E| |Cash|at bank and|in hand|920,603|(118,052)|802,551| |Loans|falling due|within one year|(99,337)|(3,301)|(102,638)| |Loans|falling due|after more than one year|(1,182,179)|94,923|(1,087,256)| ||||(360,913)|(26,430)|(387,343)| ## ## |Cash generated
from operat|io|ns||||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||f|f| |(Deficit)/surplus
forthe year|||||571,314|171,498| |Adjustments
for:||||||| |Loss on disposal ofRxed assets||||||1,004| |Depreciation
and impairment|of|tangible fixed assets|||100,950|97,482| |Fair value adjustment
ofInvestment|||property|||(11,000)| |Movements
in working capita|h|||||| |Decrease /(increase)in
stocks|||||1,385|(11,037)| |Decrease/(Increase)
In debtors|||||(612,676)|2,253,171| |(Decrease)/increase
In creditors|||||(32,817)|17,663| |(Decrease) / increase
in deferred||income|||5,485|64,993| |Cash generated
from operations|||||33,641|2,583,774| |Fund accounting
comparative||figures||||| |||||Unrestricted|Restricted|Total| |||||funds|funds|| |||||2022
f|2022f|2022
f| |Income from:||||||| |Donations
and legacies||||249,523|16,553|266,076| |Charitable
activities||||992,786||992,786| |Trading activities -shops||||246,371||246,371| |Investments||||15,600||15,600| |Total Income||||1,504,280|16,553|1,520,833| |Expenditure
on:||||||| |Raising funds -shops running|costs|||179,873||179,873| |Charitable
activities||||1,150,527|29,935|1,180,462| |Total resources expended||||1,330,400|29,935|1,360,335| |Net Gain/(losses)
on Investment||||11,000||11,000| |Net (expenditure)/income
for the|||year/|||| |Net movement
in funds||||184,880|(13,382)|171,498| |Fund balances at 1April 2021||||3,750,949|26,433|3,777,382| |Fund balances at 31March 2022||||3,935,829|13,051|3,948,880|