| for the | year ended 31 | December 2022 | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| Funds | Funds | Funds | Funds | ||||
| Notes | 2022 f |
2022f | 2022f | 2021 f |
|||
| Income | |||||||
| Voluntary income - |
donations | 632,108 | 632,106 | 756,576 | |||
| Investment | income | 542 | 542 | 306 | |||
| Other resources incoming |
12,239 | 12,239 | 22,201 | ||||
| Total | 644,889 | 644,889 | 779,083 | ||||
| Expenditure | |||||||
| Charitable activities |
566,737 | 630 | 567,367 | 731,547 | |||
| Governance | Costs | 1,182 | 0 | 1,182 | 1,182 | ||
| Total | 567,919 | 630 | 568,549 | 732,729 | |||
| Net income | before | other | |||||
| recognised | gains | 76,970 | (630) | 76,340 | 46,354 | ||
| Other recognised gains I(losses) |
|||||||
| Net movement in funds |
76,970 | (630) | 76,340 | 46,354 | |||
| Reconciliation offunds |
|||||||
| Total funds | brought | forward | 1,766,776 | 12,511 | 1,779,287 | 1,732,933 | |
| Total funds | carried | forward | 1,843,746 | 11,881 | 1,855,627 | 1,779,287 |
| Basis ofaccounting | ||||||||
|---|---|---|---|---|---|---|---|---|
| The financial slatements have been prepared in accordance with |
Accounting and Reporgng by Chanlies: Slatemenl |
of Recommended | Practice | |||||
| applicable to charities prepanng their accounts in accordance with |
Financial Reporting Standard |
applicable in Ihe UK and Republic |
of Ireland | |||||
| (FRS102) | ||||||||
| going Concern | ||||||||
| The wstees assess each year whelher it is appropriate lo prepare |
the accounls on a going concern basis. The trustees have concluded | that The | ||||||
| Kangyur Rinpoche Foundation isa going concern .The financial |
statements have been prepared |
on a going concern | basis and the | assets and | ||||
| liabilities valued accordingly. |
||||||||
| Fund Accounting | ||||||||
| ~Unrestricted funds are avariable for use at the discretion ofIhe trustees in furtherance efIhe general objectives ofIhe charity. |
||||||||
| ~ Restricted funds are subjected to restrictions on their expenditure |
imposed by the donor or through the terms ofan |
appeal | ||||||
| Income | ||||||||
| Income Is recognised when the charity has entidement to Ihe funds, it is probable that the income |
will be received and the amount can be | measured | ||||||
| reliably. | ||||||||
| ~ Voluntary income is received by way ofdonations and gifts and Is included in full in the Slatement of Financial Activities when receivable. |
||||||||
| Donated services and facilities are included at the value lo Ihe cherry where this can be quanNied. The value ofservices provided nol been included in these accounts. |
by | volunteers | has | |||||
| Investment income is included when receivable. |
||||||||
| ~ Incoming resources from charitable trading activity are accounted |
for when earned. | |||||||
| Expenditure | ||||||||
| Expendrture Is recognised once there isa legal or consWclive obligation to make a payment lo a |
third party, it is probable that setdement |
mll be | ||||||
| required and Ihe amount ofthe obligation can be measured reliably. |
||||||||
| ~ Charitable expenditure comprises those costs incurred by the charily in lhe debvery ofils activities and services for |
its benefirrianes | . It | Includes both | |||||
| costs that can be allocated directly to such activities and those costs ofan indirect nature necessary to suppon them |
||||||||
| Governance costs comprise the independent examiner's fee. |
||||||||
| ~ Ag cosls are allocated between Ihe expenditure categories of Ihe |
SoFA on a basis designed to reflect Ihe use ofthe |
resource, Costs | relating to a | |||||
| particular activity are allocated d rectly. others are apportioned on |
an appropriate basis, as set out |
in Note 4 | ||||||
| Fixed Assets | ||||||||
| Fixed assets (excluding nveslments) are stated at cost less accumulated depreclalion. The coals |
ofminor addilions or those costing |
below EI.OM | ||||||
| are not capilalised. Depreciation Is prov ded at rates calculated to |
write off the cost ofeach asset | over ris expected useful ffe, which | in the | case of | ||||
| land and buildigs is estimated at 50years (on Ihe estimated cost ofthe buildings components). |
||||||||
| Vehicles are slated at cost which are depreciated over a period of 2016to reflect the residual costs ofvehicles |
5 years on a straight line basis | The period has been ncreased from |
3years in | |||||
| Computer equipment are slated at cost which are depreciated over a penod of3years on a straight lme basis. |
||||||||
| Foreign currency | ||||||||
| Monetary assets and liabpities In foreign currencms are translated |
into slergng at the rates ofexchange ruling at the balance sheet date. |
Transactions | ||||||
| in foreign currencies are translated Into sterling at Ihe average exchange rale during the period Exchange dilferences |
are taken into | account In | ||||||
| arriving at Ihe net movemenl in funds. |