2023-05-31-accounts - Vipassana Trust

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Company Information
Trustees' Annual Report			2-4
Independent Auditor's	Report		5-8
Statement ofFinancial	Activities
(Incorporating the Income and Expenditure		Account)
Balance Sheet			10
Notes to the Financial	Statements		11-15
The following page does not form part ofths
statutory financial statements:
Detailed Statement of	Financial Activities

			Unrestricted	Restricted	Total Funds	Total Funds
		Note	Fundsf	Funds 6	2023	2022f
INCOME AND ENDOWMENTS		FROM:
Donations and Legacies			641,960	369,151	1,011,111	933,667
Investment income			15,408	10,487	25,895	1,423
Other Income			39,212	18,670	57,882	71,901
			696,580	398,308	1,094,888	1,006,991
EXPENDITURE ON:
Costs ofcharitable	activities	6	635,815	601,907	1,237,722	924,899
			635,815	601,907	1,237,722	924,899
NET SURPLUS I
~DEFICIT
fOR THE YEAR		7	60,765	(203,599)	(142,834)	82,092
TRANSFER BETWEEN FUNDS
RECONCILIATION	OF FUNDS
Total funds brought	forward		1,756,188	1,509,916	3,266,104	3,184,012
TOTAL FUNDS CARRIED
FORWARD			1,816,953	1,306,317	3,123,270	3,266,104

			VIPASSANA TRUST	VIPASSANA TRUST
			BALANCE SHEET
			T MAY2 23
		Note	f	2023 f		2022
FIXEDASSETS
Tangible Assets Investments		9 10		5,403,380 100		5,302,885 100
				5,403,480		5,302,985
CURRENT ASSETS
Debtors			146,146		120,409
Cash at Bank and	in hand		2,253,912		1,474,797
			2,400,058		1,595,206
CREDITORS: Amounts within one year	falling due	12	477,553		329,157
NET CURRENT ASSETS				1,922,505		1,266,049
TOTAL ASSETSLESS CURR LABILTIE				7,325,985		6,569,034
CREDITORS: Amounts falling due afier more than one year		13	4,185,522		3,285,928
Provisions for liabilities	and charges	14	17,193		17,002
				4,202,715		3,302,930
NET ASSETS				f3,123,270		f3,266,104
FUNDS
Restricted Income Funds		15		1,306,317		1,509,916
Unrestricted Income Funds				1,816,953		1,756,188
TOTAL FUNDS				f3,123,270		f3,266,104

E.	~OTHER IN ONE		Unrestricted	Restricted	Total Funds	Total Funds
			Fundsf	Funds	2023f	2022f
	Wayleaves Feed in Tariff Income		154 4,548		154 4,548	154 4,196
	Other Income		50	348	398	174
	RHI Subsidy Covid Grants		32,277	16,139	48,416	55,719 6,000
	JRS Furlough Receipts Capital Grant Income		2,183	2,183	4,366	1,292 4,366
			39,212	18,670	57,882	71,901
6.	COST FCHARITABLE
	ACTIVITIES		Unrestricted	Restricted	Total Funds	Total Funds
			Fundsf	Funds	2023f	2022
	Cost ofChadtable Activities		635,815	601,907	1,237,722	924,899
	Cost ofCharitable Activities	includes:
	GOVERNANCE COSTS		Unrestricted	Restricted	Total Funds	Total Funds
			Funds	Fundsf	2023f	2022f
	Audit Fees		4,680		4,680	4,774
7.	N OUTGOING CO	ING RESOURCES FO		THE Y
	This is stated after charging:				2023f	2022f
	Auditor's Remuneration				4,680	4,774
	Depreciation				168,549	166,913
8,	S FFCOSTS A D EMOLLIMENTS
	Total staff costs were as follows:				2023f	2022f
	Wages and Salaries				58,738	53,881
	Social Security Costs
					f58,738	f53,881
	Particulars ofemployees:
	The average number ofemployees		during the year,	was as follows:
					2023	2022
					No.	No.
	Full Time				1	1
	Part Time				2	2

TANGIBLE FIXED	ASSETS
				Dhamma
			Land &	Padhana	Plant &	Motor
			Buildings	Buildings 8	Equipment 8	Vehicles 6	Total 8
Cost At 1"June 2022			3,126,355	4,116,280	551,411	13,342	7,807,388
Additions			76,572	192,472			269,044
Transfers
At 31st May 2023			3,202,927	4,308,752	551,411	13,342	8,076,432
~De recia im At 1"June 2022			1,627,216	669,094	194,851	13,342	2,504,503
Charge for the Year			57,738	81,117	29,694		168,549
Transfers
At 31st May 2023			1,684,954	750,211	224,545	13,342	2,673,052
Net Book Value
At 31st May 2023			1,517,973	3,558,541	326,866		85,403,380
At 31a May 2022			1,499,139	3,447,186	356,560		85,302,885
INVESTMENTS						2923	2022
Subsidiary Interest	at Cost					8100	6100
Representing 100%ofOrdinary			Shares held for Vipassana		Construction and	Services Limited.
DEBTORS						2023	2022
Gift Aid Outstanding						915	17,698
Prepayments RHI Subsidy Other Debtors						7,611 14,365 44,255	6,588 12,792 26,519
Amounts owed by Loan to Subsidiary	Subsidiary Undertaking	Undertaking				79,000	1,812 55,000
						f146,146	8120,409

There is no specific rep	There is no specific rep	ayment date, although it is confirmed that	ayment date, although it is confirmed that	the loan will not be repayable wi	thin 12 months.
CREDITORS: Amounts		falling due within one year		2023 8	2022f
Trade Creditors				68,140	36,815
Bank Loans				25,846	32,565
Loans from students	and other centres			260,560	211,722
Taxation and Social Accruals	Security			1,385 22,679	1,260 24,050
Other Creditors				94,460	18,378
Solar Panel Grant				4,367	4,367
Amounts owed to subsidiary			undertaking	116
				f477,553	8329,157