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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|||
|Company|Number|2246810|||
|---|---|---|---|---|
|Registered|Office|Dhamma|Dipa||
|||Pencoyd|||
|||St.Owens|Cross||
|||Hereford|||
|||HR2 8NG|||
|Auditors||RJ Francis &Co Limited|||
|||Marshall
Business Centre|||
|||Faraday Road|||
|||Hereford|||
|||HR4 9NS|||
|Bankers||HSBC UK|Bank pic||
|||Bristol Commercial||Centre|
|||3Temple|Quay||
|||4th Floor,|Temple Back East||
|||Bristol|||
|||BS16DZ|||
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||||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|
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|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|
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|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|
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|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|
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