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||||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|
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|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.|||||||||
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