| THE BUDDHIST SOCIETY TRUST | Report ofthe Trustees and unaudited | financial | financial | statements |
|---|---|---|---|---|
| 30 | April 2023 | |||
| CONTENTS OFTHE FINANCIAL STATEMENTS | ||||
| FORTHE YEAR ENDED 30APRIL 2023 | ||||
| Report ofthe Trustees | 2to 5 | |||
| Independent Examiner's Report |
||||
| Statement ofFinancial Activities | ||||
| Balance Sheet | 8to | 9 | ||
| Notes to the Financial Statements |
10to 14 | |||
| Detailed Statement ofFinancial Activities | 15 |
| THE BUDDHIST SOCIETYTRUST | THE BUDDHIST SOCIETYTRUST | Report ofthe | Trustees and | unaudited financial statements |
unaudited financial statements |
|
|---|---|---|---|---|---|---|
| 30April 2023 | ||||||
| STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| FORTHE YEAR ENDED 30APRIL 2023 | ||||||
| Notes | Unrestricted | Restricted | 2023 | 2022 | ||
| funds | funds | Total | Total | |||
| funds | Funds | |||||
| INCOME | ||||||
| Income from generated funds |
||||||
| Donations and legacies |
413,168 | 413,168 | 22,713 | |||
| Income from investments | 149,071 | 149,071 | 155,134 | |||
| Income from charitable activities |
||||||
| Book royalties and publishing |
donations | 7,470 | 7,470 | 21,103 | ||
| Total income | 562,239 | 7,470 | 569,709 | 198,950 | ||
| EXPENSES | ||||||
| Expenditure on raising funds |
||||||
| Investment management costs |
30,756 | 30,756 | 63,334 | |||
| Expenditure on charitable activities |
||||||
| Publishing | 11,322 | 7,470 | 18,792 | 18,018 | ||
| Donations to The Buddhist Society | 120,602 | 120,602 | 102,915 | |||
| Charitable events |
||||||
| Governance costs |
6,093 | 6,093 | 9,013 | |||
| Total expenses | 168,773 | 7,470 | 176,243 | 193,280 | ||
| NET INCOMING/(OUTGOING) | 393,466 | 393,466 | 5,670 | |||
| Gains/(losses) on investment assets |
(12,312) | (12,312) | 11,223 | |||
| Net movement in funds |
381,154 | 381,154 | 16,893 | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 2,868,115 | 2,868,115 | 2,851,222 | |||
| TOTAL FUNDS CARRIED | FORWARD | 3,249,269 | 3,249,269 | 2,868,115 |
| BALANCESHEET | |||||
|---|---|---|---|---|---|
| AT 30APRIL 2023 | |||||
| Notes | Unrestricted | Restricted | 2023 | 2022 | |
| funds | funds | Total | Total | ||
| funds | funds | ||||
| K | |||||
| FIXEDASSETS | |||||
| Tangible assets | |||||
| Land and Buildings | 675,000 | 675,000 | 675,000 | ||
| Investment property |
1,362,000 | 1,362,000 | 1,042,000 | ||
| Investments | 57,794 | 57,794 | 70,105 | ||
| 2,094,794 | 2,094,794 | 1,787,105 | |||
| CURRENT ASSETS | |||||
| Debtors: | |||||
| amounts falling due within one year |
3,412 | 3,412 | 706 | ||
| Cash at bank | 1,158,094 | 1,158,094 | 1,088,799 | ||
| 1,161,506 | 1,161,506 | 1,089,505 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
(7,031) | (7,031) | (8,495) | ||
| NET CURRENT ASSETS | 1,154,475 | 1,154,475 | 1,081,010 | ||
| TOTAL ASSETSLESSCURRENT | 3,249,269 | 3,249,269 | 2,868,115 | ||
| LIABILITIES | |||||
| NET ASSETS | 3,249,269 | 3,249,269 | 2,868,115 | ||
| 10 | |||||
| Unrestricted funds |
3,249,269 | 2,865,030 | |||
| Restricted funds |
3,085 | ||||
| TOTAL FUNDS | 3,249,269 | 2,868,115 |
| NOT FOR |
ES TO THE FINANCIAL STATEMENTS - CONTINUED THE YEAR ENDED 30APRIL 2023 |
ES TO THE FINANCIAL STATEMENTS - CONTINUED THE YEAR ENDED 30APRIL 2023 |
ES TO THE FINANCIAL STATEMENTS - CONTINUED THE YEAR ENDED 30APRIL 2023 |
||
|---|---|---|---|---|---|
| INCOME FROM GENERATED FUNDS | |||||
| Donations and legacies | 2023 | 2022 | |||
| Donations and gifts |
168 | 183 | |||
| Legacies and bequests | 93,000 | 22,530 | |||
| Legacies and bequests | - donated goods, facilities and | ||||
| services - investment | property | 320,000 | |||
| 413,168 | 22,713 | ||||
| Income from Investments | 2023 | 2022 | |||
| Rents received | 145,760 | 152,197 | |||
| Bank interest | 18 | 1 | |||
| Investment income - dividends |
3/93 | 2,216 | |||
| 149,071 | 155,134 | ||||
| 3. | EXPENSES | ||||
| Investment management |
costs | 2023 | 2022 | ||
| Letting expenses and | ground rent | 12,439 | 15,004 | ||
| Insurance | 9,074 | 8,639 | |||
| Repairs and maintenance | 6,878 | 15,979 | |||
| Legal and professional | 20,935 | ||||
| General office expenses | 2,309 | 318 | |||
| Bank charges | 56 | 71 | |||
| Depreciation | 2,388 | ||||
| 30,756 | 63,334 | ||||
| Governance costs |
2023 | 2022 | |||
| Accountancy and company |
secretarial | 4,093 | 7,313 | ||
| Independent examination |
2,000 | 1,700 | |||
| 6,093 | 9,013 |
| TANGIBLE FIXEDASSET | S | |||
|---|---|---|---|---|
| Freehold | Improvements | Furniture | Totals | |
| Land and | to property | and | ||
| buildings | fittings | |||
| Cost | ||||
| At beginning ofyear | 675,000 | |||
| Additions | 0 | |||
| At end ofyear | 675,000 | |||
| Depreciation | ||||
| At beginning ofyear | ||||
| Charge for year | ||||
| At end ofyear | ||||
| Net book value | ||||
| At 30April 2023 | 675,000 | |||
| At 30April 2022 | 675,000 |
| Listed | Investment | ||||
|---|---|---|---|---|---|
| Investments | Property | ||||
| Market Value | |||||
| At start ofyear | 70,105 | 1,042,000 | |||
| Additions | 0 | 320,000 | |||
| Sales | 0 | 0 | |||
| Improvements | to investment | property | 0 | 0 | |
| Revaluations | (19,342) | 0 | |||
| At end ofyear | 50,763 | 1,362,000 | |||
| Net book value | |||||
| At 30April 2023 | 50,763 | 1,362,000 | |||
| At 30April 2022 | 70,105 | 1,042,000 | |||
| There were no | investment | assets outside the UK. |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Debtors | 3,412 | 706 | ||
| Prepayments | ||||
| 3,412 | 706 | |||
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||
| 2023 | 2022 | |||
| Creditors | 1,161 | 1,161 | ||
| Prepaid income | 5,635 | 5,635 | ||
| Independent | Examiner's | fee | 2,000 | 1,700 |
| 7,031 | 8,495 |
| FOR | THE YEAR ENDED 30APRIL 20 | 22 | ||||
|---|---|---|---|---|---|---|
| 10. | MOVEMENT IN FUNDS | |||||
| At | 1May | Net | movement | At 30April | ||
| 2022 | in funds | 2023 | ||||
| Unrestricted funds |
||||||
| General fund | 2,865,030 | 13,808 | 2,865,030 | |||
| Restricted funds | ||||||
| Educational fund |
3,085 | (6,616) | (3,531) | |||
| TOTAL FUNDS | 2,868,115 | 16,893 | 2,868,115 | |||
| Net movements in funds, included |
in the above are as follows: | |||||
| Incoming | Resources | Gains and | Movement in |
|||
| resources | expended | losses | funds | |||
| Unrestricted funds |
||||||
| General fund | 562,239 | (1,262) | (19,342) | 13,808 | ||
| Restricted funds | ||||||
| Educational fund |
7,470 | (14,086) | (6,616) | |||
| TOTAL FUNDS | 569,709 | (175,943) | (19,342) | 16,893 |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | DETAILED STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|
| FORTHE YEAR ENDED | 30TH APRIL 2023 | ||
| 2023 | 2022 | ||
| INCOME | |||
| Donations and legacies | |||
| Donations - Chaplaincy |
168 | 183 | |
| Donations —Publishing |
|||
| Legacies and bequests | 413,000 | 22,530 | |
| 413,168 | 22,713 | ||
| Income from investment | |||
| Rents received | 145,760 | 152,917 | |
| Bank interest | 18 | 1 | |
| Investment income |
3,293 | 1,216 | |
| 149,071 | 155,134 | ||
| Income from charitable activities | |||
| Royalties and grants | 5,793 | 5,683 | |
| Booksales | 1,677 | 15,420 | |
| 7,470 | 21,103 | ||
| Total income | 569,709 | 198,950 | |
| EXPENSES | |||
| Investment management |
costs | ||
| Letting expenses and ground rent | 12,439 | 15,004 | |
| Insurance | 9,074 | 8,639 | |
| Repairs and maintenance | 6,878 | 15,979 | |
| Legal and professional | 20,935 | ||
| General office expenses | 2,309 | 318 | |
| Bank charges | 56 | 71 | |
| Depreciation | 2,388 | ||
| 30,756 | 63,334 | ||
| Expenditure on charitable |
activities | ||
| Publishing: Books and publications |
12,586 | 10,682 | |
| Publishing: Contract staff |
6,206 | 7,336 | |
| Charitable events |
|||
| Donations: The Buddhist Society | 120,602 | 102,915 | |
| 139,394 | 120,933 | ||
| Governance | |||
| Accountancy and company |
secretarial | 6,093 | 9,013 |
| Total resources expended | 176,243 | 193,280 | |
| NET INCOME | 393,466 | 5,670 |