2021-05-31-accounts - Vipassana Trust

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SONTSNTS:				~PA
Company Information
Trustees' Annual Report				2-5
Independent Auditor's	Report			6-9
Statement of Financial	Activities			10
(Incorporating the Income and Expenditure			Account)
Balance Sheet
Notes to the Financial	Statements			12-17
The following page does not form part ofthe
statutory financial statements:
Detailed Statement of	Financial	Activities		18

					Unrestricted	Restricted	Total Funds	Total Funds
					Funds	Funds	2021	2020
				Note	8	6		6
N ME AND ENDOWME			T
Donations and Legacies				3	271,964	172,185	444,149	973,600
Investment income				4	6	8	14	122
Other Income				5	67,337	155,838	223,175	46,440
					339,307	328,031	667,338	1,020,162
EXPENDITURE
Costs of charitable		activities		6	334,235	331,415	665,650	906,409
					334,235	331,415	665,650	906,409
NET SURPL
~DEFICIT
rQR TFEYEAR				7	5,072	(3,384)	1,688	113,753
TRAN F B TWEEN FUNDS
RECONCILIATION		OF F	D
Total funds brought		forward			1,638,890	1,543,434	3,182,324	3,068,571
TOTAL FUNDS	A	ED
F RWARD					1,643,962	1,540,050	3,184,012	3,182,324

				BALANCE
				T MAY	2021
					~202		2020
			Note	6			6
FIXEDASSET
Tangible Assets			9		5,395,207		5,493,473
Investments			10		100		100
					5,395,307		5,493,573
CURRE~NT
Debtors				75,730		257,781
Cash at Bank and	in hand			1,233,776		1,010,538
				1,309,506		1,268,319
D SDITDRS: A		I III S d
within one year			12	270,651		326,103
NET CURRENT AS					1,038,855		942,216
TOTAIDTSTS USSR
CURRENT LIABILITIES					6,434,162		6,435,789
~EDITORS A	f	III S d
after more then one		year	13	3,196,098		3,087,586
Provisions for liabilities	and charges		14	54,052		165,879
					3,250,150		3,253,465
NET ASSETS					63,184,012		f3,182,324
FUNDS
Restricted Income Funds			15		1,540,050		1,543,434
Unrestricted Income Funds			16		1,643,962		1,638,890
~TTAI FUNDS					f3,184,012		63,182,324

	T NS AND	T NS AND	LEGACIES	LEGACIES	Unrestricted	Restricted	Total Funds	Total Funds
					Fundsf	Fundsf	2021f	2020f
	Dana				185,129	129,359	314,488	644,544
	Gift Aid				30,595	15,477	46,072	74,489
	Student Dana via overseas			centres		27,349	27,349	104,567
	Legacies				56,240		56,240	150,000
					271,964	172,185	444,149	973,600
4.	INVESTMENT	IN	OME		Unrestricted	Restricted	Total Funds	Total Funds
					Fundsf	Fundsf	2021	2020 f
	Bank Interest	Receivable					14	122
5.	OTHER INCOME				Unrestricted	Restricted	Total Funds	Total Funds
					Fundsf	Fundsf	2021f	2020 f
	Foreign Exchange Gain Wayleaves					126,457	126,457	154
	Feed In Tarif	Income			4,982		4,982	4,328
	Other Income					73	73	95
	RHI Subsidy				28,108	12,901	41,009	41,863
	Covid Grants				24,610	16,407	41,017
	JRS Furlough	Receipts			9,637		9,637
					67,337	155,838	223,175	46,440
	F HARITABLE
	C VI IES				Unrestricted	Restricted	Total Funds	Total Funds
					Fundsf	Fundsf	2021	2020f
	Cost of Charitable		Activities		334,235	331,415	665,650	906,409
	Cost of Charitable		Actlvibes	includes:
	GOVERNAN	E	OSTS		Unrestricted	Restricted	Total Funds	Total Funds
					Fundsf	Funds F	2021	2020f
	Audit Fees				4,610		4,610	4,566
7.	NET OUTGOING		/ INCOMING		RESOURCES FOR THE YEAR
	This is stated	after charging:					2021f	2020 f
	Auditor's Remuneration						4,610	4,566
	Depreciation						160,695	160,240

TAFF COSTS A	ME	TS
Total staff costs were	as follows:			2021f	2020 f
Wages and Salaries			52,290		45,165
Social Security Costs
			f52,290		f45,165
Particulars of employees:
The average number	of employees	during the year, calculated	on the basis offulltime	equivalents,	was as follows:
				2021	2020
				No.	No.
				2	2

TANGIBLE FIX D
		Dhamma
	Land 8	Padhana	Plant &	Motor
	Buildingsf	Buildingsf	Equipmentf	Vehiclesf	Totalf
~Cos At 1"June 2020	3,387,818	4,237,273	17,185	13,342	7,655,618
Additions	42,415	16,608	3,406		62,429
Disposals
At 31st May 2021	3,430,233	4,253,881	20,591	13,342	7,718,047
I ART At 1"June 2020	1,591,378	543,106	14,319	13,342	2,162,145
Charge for the Year	70,731	87,849	2,115		160,695
On Disposals
At 31st May 2021	1,662,109	630,955	16,434	13,342	2,322,840
Net Book Value At 31st May 2021	1,768,124	3,622,926	4,157		f5,395,207
At 31"May 2020	1,796,440	3,694,167	2,866		f5,493,473
INVESTMENTS				2021	2020
Subsidiary Interest At Cost				f100	f100

DEBTORS		2021	2020
			f
Gift Aid Outstanding		6,878	13,012
Prepayments		5,672	15,095
RHI Subsidy Other Debtors		8,911 30,480	15,213 214,125
Amounts owed by Subsidiary	Undertaking	23,789	336
		675,730	6257,781

CREDITORS: Amounts	CREDITORS: Amounts	CREDITORS: Amounts	falling due within one year	2021	2020f
Trade Creditors				16,844	15,180
Bank Loans				49,736	28,597
Loans from	students	and other centres		180,499	251,582
Taxation and Social Security				1,177	1,182
Accruals				20,479	20,231
Other Creditors				1,916	9,331
				6270,651	5326,103
CREDITORS: Amounts			falling due after more than one year	2021	2020
				6	F
Bank Loan
Due within	1 —2 years			130,076	64,179
Due within	2 —5years			213,498	68,552
Due after 5	years			340,282	343,546
				683,856	476,277
Loans from	students	and other centres:
Due within Due within	1 - 2 years 2 - 5 years			284,434 88,913	179,033 404,891
Due after 5	years			2,138,895	2,027,385
				2,512,242	2,611,309
				53,196,098	23,087,586

		F THE	EAR E DED 3	1STMAY 2 21
					Other
		Dhamma	Dhamma	East	Restricted	2021	2020
		Dfpa	Padhhna	Anglla Fund	Funds	Total	Total
Income Dana Gift Aid Dana from other centres		182,364 30,163	123,772 15,317 27,349	2,765 432	5,587 160	314,488 46,072 27,349	644,544 74,489 104,567
		212,527	166,438	3,197	5,747	387,909	823,600
Covid Grants Bank Interest Received Wayleaves Feed in Tariff Income Legacies RHI Subsidy Sund0 Income Foreign Exchange Gains JRS Furlough Receipts		24,610 6 4,982 56,240 28,108 9,637	16,407 8 12,901 73 126,457			41,017 14 4,982 56,240 41,009 73 126,457 9,637	122 154 4,328 150,000 41,863 95
		336,110	322,284	3,197	5,747	667,338	1,020,162
Expenditure - Donations to Dhamme SukhakElri Other Course Expenses Kitchen Household Maintenance Publicity & Newsletter Offic Costs Utilities, Rates and Insurance Motor Expenses Financial Costs Mortgage Interest and Loan Interest Foreign Exchange Losses		15,000 2,616 38,221 17,712 61,305 58,389 48,926 2,685 1,402 14,288	1,075 44,126 18,995 50,007 26,716 42,217 1,467 1,749 55,772	2,200 78		17,200 3,691 82,347 36,707 111,312 85,105 91,143 4,152 3,238 70,060	46,434 14,281 167,593 22,807 175,531 1,650 83,276 114,420 3,887 5,700 59,116 51,474
		260,544	242,124	2,278	(9)	504,955	746,169
Change in Current Assets Depreciation		75,566 71,413	80,160 89,282	919	5,738	162,383 160,695	273,993 160,240
Total Costs		331,957	331,406	2,278	(91)	665,650	906,409
Net (Loss) I Gain Year		4,153	(9,122)	919	5,738	1,688	113,753
Balance offunds brought	forward	1,636,822	1,531,949	2,068	11,485	3,182,324	3,068,571
Transfer offunds
		1,636,822	1,531,949	2,068	11,485	3,182,324	3,068,571
Balance offunds carried forward		1,640,975	1,522,827	2,987	17,223	3,184,012	3,182,324