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||||Page No.|
|---|---|---|---|
|Trustees Annual Report|||1to6|
|Independent
Examiner's|Report|||
|Statement ofFinancial Activities||||
|(including
Income and|Expenditure|Account)||
|Balance Sheet|||10|
|Notes to the Financial
Statements|||11to 18|
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||||Unrestricted|Restricted|Total Funds|Total Funds|
|---|---|---|---|---|---|---|
|||Note|Funds|Funds|2020|2019|
|Income from:|||||||
|Donations
and legacies|||47,113||47,113|25,195|
|Other trading activities—|||||||
|Activities for generating|funds||||||
|Incoming &om charitable|activities||69,183||69,183|157,147|
|Income &om investments|||604||604||
|Total Incoming Resources|||116900||116900|182342|
|Expenditure
on:|||||||
|Charitable
activities|||201489||201 489|211915|
|Total Expenditure|||201489||201 489|211915|
|Net income/(expenditure)|for the||||||
|year|||( 84489)||( 84,589)|( 29,573)|
|Transfer between funds|||||||
|Net movement
in funds for the year|||( 84,589)||(84,589)|( 29,573)|
|Reconciliation
ofFunds|||||||
|Total funds brought forward|||2~48 42S||2~48 42S|2278 001|
|Total funds carried forward|||||~~39|2224428|
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||||2020|||2019||||
|---|---|---|---|---|---|---|---|---|---|
|||Note||||||||
|Fixed assets||||||||||
|Tangible assets
Investment
properties|||||1,022,695
637550||1,005,946
1 426 284|||
|Total fixed assets|||||1,660445||2,432,230|||
|Current assets||||||||||
|Stock||||4/77||4,219||||
|Debtors||10||6,021||7,574||||
|Cash at bank and in|hand|||512735||59541||||
|Total current assets||||523,033||71,334||||
|Liabilities||||||||||
|Creditors: amounts
falling due in less||||||||||
|than one year||||19439||14973||||
|Net current assets|||||503594|||56361|.|
|Total assets less current liabilities|||||2,163,839||2,488,591|||
|Creditors: amounts|falling due after|||||||||
|more than one year||12|||||240 163|||
|Net assets|||||||~22|428||
|Funds ofthe charity:||||||||||
|Restricted income funds||||||||||
|Unrestricted
income|funds|14|||2 163839||2 248 428|||
|Total charity funds|||||||2~4~42$|||
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|Analysis ofexpendable|Analysis ofexpendable|on|charitable|charitable|activities|Total 2020|Total 2019|
|---|---|---|---|---|---|---|---|
|Administration
and governance||||||||
|Administration||||||11,992|10,721|
|Bank and Finance|Charges|||||1,176|779|
|Loan Interest||||||1699|10436|
|||||||~14867|21936|
|Other Charitable|Expenditure|||||||
|Bookshop Purchases||||||72|1,921|
|Brighton Festival|||||||108|
|Building Costs||||||9,913|22,001|
|Centre Costs||||||2,034|7,879|
|Teachers and Speakers|||||||195|
|Depreciation||||||2,567|2,362|
|Mindfulness
based approaches||||costs||1@40|6,727|
|Miscellaneous
costs||||||47|185|
|Communities
costs||||||14,979|10,464|
|Order expenses||||||491|629|
|Other Events expenses||||||146|535|
|Publicity||||||293|2,349|
|Retreat costs|||||||4,982|
|Staff||||||95,669|98,602|
|Training||||||1,426|8,028|
|Triratna Support||||||1,000|340|
|Yoga and Tai Chi||||||~5836|22 672|
|||||||135 813|189979|
|Exceptional Item||||||150,680|211,915|
|Loss on sale of St|James|Avenue||||50809||
||||||||211
15|
|Net income/(expenditure)|||for the year|||2020|2019|
|This is stated after|charging/(crediting):|||||||
|Depreciation
Independent
examination||||||2,567
~99|2,362
700|
|Staffcosts||||||2020|2019|
|Staffcosts dmmg the year were as follows:||||||||
|Wages and salaries||||||90,994|93,744|
|Social security costs||||||5,023|4,496|
|Pension costs||||||3,762|3,362|
|Employment
allowance||||||(3,000)|( 3,000)|
|Training||||||1426|8 028|
||||||||1 6630|
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|8.|Trustees remuneration
and exp|Trustees remuneration
and exp|Trustees remuneration
and exp|Trustees remuneration
and exp|enses and related party trans|enses and related party trans|enses and related party trans|actions|actions|||
|---|---|---|---|---|---|---|---|---|---|---|---|
||Paragraph
6.3 ofthe Constitution||||ofBrighton Buddhist Centre|||gives specific permission||for the charity|to employ|
||Trustees. Trustees receiving|||support as||employees
are:||||||
|||||||||||2020|201~|
||Dharmakara|||||||||17,049|14,67(|
||Subhadassi|||||||||17@48|17,69&|
||Dyotana (to September 2020)|||||||||~13 S1
~628|1794(
~50 3|
||Trustees received no reimbursed||||expenses from||the charity.|||||
|9.|Fixed assets: tangible
fixed|||assets and investment
properties||||||||
||||||||Investment|Freehold|Fixtures|Library|Tota|
||||||||Properties|Land and|and|||
|||||||||Buildings|Fittings|||
||Cost/Valuation|||||||||||
||At 1 January 2020
Additions
Disposals
At 31December 2020||||||1,426484
12,000
~800734
637550|1,000,000
12,000
1012000|16,160
7,316
23 476|2/41
~241|2,444,6S'
31/if
~800 734'
167526|
||Depreciation
At 1 January 2020
Charge for the year||||||||12,455
2,567||12,45'
2,56'|
||Disposals
At 31December|2020|||||||15022||~1502:|
||Net BookValue|||||||||||
||At 31December|2020||||||||||
||An analysis ofthe Freehold||Land||and Buildings||is as follows:|||||
|||||||||||2020|201L|
||St.James Avenue|—Valuation||||||||||
||- Improvement||||||||||S00,73~|
||Newport
Street
-Improvement|—Valuation|||||||625,000
12550|637450|625,55(|
||Tichborne
Street|—Valuation
- Improvement|||||||1,000,000
12000|1012000
~550|1 000 00(
~242
28~|
||The Freehold properties
were revalued|||||in 2016|as follows:|||||
|||Pro~erg
St.James Avenue|||||Valuer
yuetiu Lloyd||Value
800,000|Basis
Open market|value witl|
|||||||||||vacant|possessior|
|||Newport
Street|||||Justin Lloyd||625,000|Open market|value witl.|
|||||||||||vacant|possessior|
|||Tichborne|Street||||Oakley||1,000,000|Open market|value witl'|
|||||||||||vacant|possessior|
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|10|Debtors|||
|---|---|---|---|
|.||2020|2019|
||HMRC (tax for Gift Aid donations)||1,797|
||P repayments
Other debtors and accrued income|6021|5777
~54|
|11.|Creditors: amounts
falling due within one year|2020|2019|
||Triodos Mortgage
Other Creditors and Accruals|19,439|10,590
4,383|
||Taxation and social security costs||~49 3|
|12.|Creditors: amounts
falling due after more than one year|2020|2019|
||Triodos Mortgage||240 163
24
16|
||Repayable
after more than 5 years by instalments||19 22|
||The Triodos Mortgage
was taken out to purchase
St. James A
property with a fixed interest rate of4.072%. The mortgage was
Avenue.|The Triodos Mortgage
was taken out to purchase
St. James A
property with a fixed interest rate of4.072%. The mortgage was
Avenue.|The Triodos Mortgage
was taken out to purchase
St. James A
property with a fixed interest rate of4.072%. The mortgage was
Avenue.|venue
and the mortgage
is secured on the
repaid in full following the sale ofSt.James|venue
and the mortgage
is secured on the
repaid in full following the sale ofSt.James|venue
and the mortgage
is secured on the
repaid in full following the sale ofSt.James|
|---|---|---|---|---|---|---|
||Financial
instruments
measured
at amortised
cost comprise the|||loan finance provided
by Triodos bank to|||
||the charity.||||2020|2019|
||Loan payable
Loan payable
Loan payable|falling due within one year
falling due in more than one year but in less than
falling due after five years||five years||10,590
46,940
193223|
|13.|Analysis ofmovement
in unrestricted
funds
As at||Income|Expenditure|Transfers|As at|
|||1Jan.2020||||31Dec.2020|
||Unrestricted|Funds|||||
||General fund
Revaluation|reserve
687,462
1560966
~428|116,900
~900|(201,489)
%%5|602,660
~602 660|1405,533
~950 06
~@99|
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|13.|Analysis ofmovement|in unrestricted
As at
1 Jan.2019|funds —continued
Prior Year
Income
Adjustment|funds —continued
Prior Year
Income
Adjustment|Expenditure|Transfers|As at
31Dec.2019|
|---|---|---|---|---|---|---|---|
||Unrestricted
funds
General fund
Revaluation
reserve|717,035
1 560 966
2~27
0 1||182,342
152~42|(211,915)
(2~11 1+||687,462
1 560 966
~248 42|
|14.|Analysis ofnet assets|between funds||General|Revaluation|Restricted|Total|
|||||Fund|Reserve|Funds||
||Tangible fixed assets
Net current assets/(liabilities)|||701,939
503,594|958406||1,660,245
503,594|
||Creditors after more than one year|||||||
||Total|||||||
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