**REGISTERED CHARITY NUMBER: 328302** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2022** ## **for** ## **MAHASI DHAMMA FELLOWSHIP** Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG **MAHASI DHAMMA FELLOWSHIP** **Contents of the Financial Statements for the Year Ended 31 March 2022** ||**Page**| |---|---| |**Report of the Trustees**|1 to 2| |**Independent Examiner's Report**|3| |**Statement of Financial Activities**|4| |**Balance Sheet**|5| |**Notes to the Financial Statements**|6 to 10| |**Detailed Statement of Financial Activities**|11| **MAHASI DHAMMA FELLOWSHIP** **Report of the Trustees for the Year Ended 31 March 2022** The trustees present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting' by Charities' issued in March 2005. ## **OBJECTIVES AND ACTIVITIES** ## **Objectives and aims** To advance and promote the Buddhist faith and in particular Theravada Buddhism and to make provision for religious ceremonies. To establish a centre for the activities of the Mahasi Dhamma Fellowship to be known as the Mahasi Meditation Centre and of such other centres for the above purposes as shall be necessary. The charity aims to achieve the means to satisfy these objectives via donations, fundraising activities and proceeds from religious festivals and retreats held during the year. The Buddhist faith is being promoted through the celebration of religious festivals and the provision of long term and short term retreats. ## **FINANCIAL REVIEW** ## **Reserves policy** The charity aims to build up and maintain sufficient cash reserves in its General Fund to enable it to continue to pay its running costs for 6 months. The charity is also building up reserves to enable it to acquire separate accommodation for the monks. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The Mahasi Dhamma Fellowship is a Charitable Trust constituted by a Trust Deed dated 6 July 1989 and is registered under the Charities Act 1993. ## **Organisational structure** The Charity is managed by a management committee consisting of 9 trustees and a Treasurer. The committee meets regularly and its members manage the day to day operations of the charity. Members are appointed from within the Buddhist faith community. Chairman: Dr Thaw Si Htin Treasurer: Mrs Thiri Mo Soe ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. ## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number** 328302 ## **Principal address** 420 Lower Broughton Road Salford Manchester M7 2GD Page 1 **MAHASI DHAMMA FELLOWSHIP** **Report of the Trustees for the Year Ended 31 March 2022** ## **Trustees** Dr Thang Maung Lwin Dr Than Kyaw Dr Tin Mihn Aung Dr Thida Than Dr Min Min Latt Mr Kyaw Tun Soe Dr Ko Ko Lay Dr Nyunt Han Mrs Chit Chit Tin-U ## **Independent Examiner** Butterworth Barlow Chartered Accountants Butterworth Barlow House 10 Derby Street Prescot Liverpool Merseyside L34 3LG Approved by order of the board of trustees on 24 December 2022 and signed on its behalf by: Dr Tin Mihn Aung - Trustee Page 2 **Independent Examiner's Report to the Trustees of Mahasi Dhamma Fellowship** ## **Independent examiner's report to the trustees of Mahasi Dhamma Fellowship** I report to the charity trustees on my examination of the accounts of Mahasi Dhamma Fellowship (the Trust) for the year ended 31 March 2022. ## **Responsibilities and basis of report** As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act'). I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Butterworth Barlow Butterworth Barlow Institute of Chartered Accountants in England and Wales Butterworth Barlow Chartered Accountants Liverpool L34 3LG 24 December 2022 Page 3 ## **MAHASI DHAMMA FELLOWSHIP** ## **Statement of Financial Activities for the Year Ended 31 March 2022** **----- Start of picture text -----**
31.3.22 31.3.21
Unrestricted Total
fund funds
Notes £ £
INCOME AND ENDOWMENTS FROM
Donations and legacies 56,088 64,303
Investment income 2 25 25
Total 56,113 64,328
EXPENDITURE ON
Raising funds 3 26,815 33,959
Charitable activities
General Fund 40,218 23,081
Total 67,033 57,040
NET INCOME/(EXPENDITURE) (10,920) 7,288
RECONCILIATION OF FUNDS
Total funds brought forward 1,011,234 1,003,946
TOTAL FUNDS CARRIED FORWARD 1,000,314 1,011,234
**----- End of picture text -----**
The notes form part of these financial statements Page 4 **MAHASI DHAMMA FELLOWSHIP** ## **Balance Sheet 31 March 2022** **----- Start of picture text -----**
31.3.22 31.3.21
Unrestricted Total
fund funds
Notes £ £
FIXED ASSETS
Tangible assets 6 880,262 889,154
CURRENT ASSETS
Cash at bank 121,131 124,300
CREDITORS
Amounts falling due within one year 7 (1,079) (2,220)
NET CURRENT ASSETS 120,052 122,080
TOTAL ASSETS LESS CURRENT LIABILITIES 1,000,314 1,011,234
NET ASSETS 1,000,314 1,011,234
FUNDS 8
Unrestricted funds 1,000,314 1,011,234
TOTAL FUNDS 1,000,314 1,011,234
**----- End of picture text -----**
The financial statements were approved by the Board of Trustees and authorised for issue on 24 December 2022 and were signed on its behalf by: Dr Tin Mihn Aung - Trustee The notes form part of these financial statements Page 5 **MAHASI DHAMMA FELLOWSHIP** **Notes to the Financial Statements for the Year Ended 31 March 2022** ## **1. ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **Income** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **Expenditure** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Freehold property - 1% on cost ## **Taxation** The charity is exempt from tax on its charitable activities. ## **Fund accounting** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. continued... Page 6 **MAHASI DHAMMA FELLOWSHIP** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **2. INVESTMENT INCOME** |**2.**
**INVESTMENT INCOME**|| |---|---| |Interest on cash deposits|31.3.22
31.3.21
£
£
25
25| |**3.**
**RAISING FUNDS**
**Investment management costs**
Property repairs|31.3.22
31.3.21
£
£
26,815
33,959| ## **4. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **Trustees' expenses** There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021. ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES** |**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Investment income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
General Fund
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**|Unrestricted
fund
£
64,303
25
64,328
33,959
23,081
57,040
7,288
1,003,946| |---|---| continued... Page 7 **MAHASI DHAMMA FELLOWSHIP** **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued** |**TOTAL FUNDS CARRIED FORWARD**
**6.**
**TANGIBLE FIXED ASSETS**
**COST**
At 1 April 2021 and 31 March 2022
**DEPRECIATION**
Charge for year
**NET BOOK VALUE**
At 31 March 2022
At 31 March 2021
**7.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
**8.**
**MOVEMENT IN FUNDS**
**Unrestricted funds**
General fund
**TOTAL FUNDS**
Net movement in funds, included in the above are as follows:
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.21
£
1,011,234
1,011,234
Incoming
resources
£
56,113
56,113|31.3.22
£
1,079
Net
movement
in funds
£
(10,920)
(10,920)
Resources
expended
£
(67,033)
(67,033)||Unrestricted
fund
£
1,011,234
Freehold
property
£
889,154
8,892
880,262
889,154
31.3.21
£
2,220
At
31.3.22
£
1,000,314
1,000,314
Movement
in funds
£
(10,920)
(10,920)| |---|---|---|---|---| continued... Page 8 **MAHASI DHAMMA FELLOWSHIP** ## **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **8. MOVEMENT IN FUNDS - continued** ## **Comparatives for movement in funds** |**Unrestricted funds**
General fund
**TOTAL FUNDS**
Comparative net movement in funds, included in the above are
**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
1,003,946
1,003,946
as follows:
Incoming
resources
£
64,328
64,328|Net
movement
in funds
£
7,288
7,288
Resources
expended
£
(57,040)
(57,040)|At
31.3.21
£
1,011,234
1,011,234
Movement
in funds
£
7,288
7,288| |---|---|---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
**TOTAL FUNDS**|At 1.4.20
£
1,003,946
1,003,946|Net
movement
in funds
£
(3,632)
(3,632)|At
31.3.22
£
1,000,314
1,000,314| |---|---|---|---| A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund|Incoming
Resources
resources
expended
£
£
120,441
(124,073)|Movement
in funds
£
(3,632)| |---|---|---| |**TOTAL FUNDS**|120,441
(124,073)|(3,632)| continued... Page 9 **MAHASI DHAMMA FELLOWSHIP** **Notes to the Financial Statements - continued for the Year Ended 31 March 2022** ## **9. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 31 March 2022. Page 10 **MAHASI DHAMMA FELLOWSHIP** ## **Detailed Statement of Financial Activities for the Year Ended 31 March 2022** **----- Start of picture text -----**
31.3.22 31.3.21
£ £
INCOME AND ENDOWMENTS
Donations and legacies
Appeals and donations 43,890 52,586
Gift aid 12,198 11,717
56,088 64,303
Investment income
Interest on cash deposits 25 25
Total incoming resources 56,113 64,328
EXPENDITURE
Investment management costs
Property repairs 26,815 33,959
Charitable activities
Volunteer expenses 3,900 3,900
Rates and water 2,902 3,011
Insurance 1,399 1,733
Light and heat 6,552 6,080
Telephone 574 470
Postage and stationery 316 -
Ceremonies 3,362 500
Sundries 10,687 5,761
Accountancy 1,080 1,020
Bank charges 554 606
31,326 23,081
Support costs
Finance
-
Depreciation of tangible fixed assets 8,892
Total resources expended 67,033 57,040
Net (expenditure)/income (10,920) 7,288
**----- End of picture text -----**
This page does not form part of the statutory financial statements Page 11 ## **Issuer** ## Butterworth Barlow **Document generated** Wed, 4th Jan 2023 11:59:36 UTC **Document fingerprint** 3c25949b448fc430dde718ec425e9e31 ## **Parties involved with this document** ## **Document processed** ## **Party + Fingerprint** Wed, 4th Jan 2023 12:07:47 UTC Wed, 4th Jan 2023 12:08:39 UTC Wed, 4th Jan 2023 12:08:39 UTC Dr Tin Min Aung - Signer (214a1d72262146f0114d667591d8a425) Gavin Butterworth - Signer (a5bf756507e3e833eeecdacbe438ba84) Natalie Todd - Copied In (66db8e69cdda46d5443370b7cb53dca2) ## **Audit history log** ## **Date** ## **Action** Wed, 4th Jan 2023 12:08:42 UTC Wed, 4th Jan 2023 12:08:40 UTC Wed, 4th Jan 2023 12:08:39 UTC Wed, 4th Jan 2023 12:08:39 UTC Wed, 4th Jan 2023 12:08:39 UTC Wed, 4th Jan 2023 12:08:18 UTC Wed, 4th Jan 2023 12:08:16 UTC Wed, 4th Jan 2023 12:07:49 UTC Wed, 4th Jan 2023 12:07:48 UTC Wed, 4th Jan 2023 12:07:47 UTC Wed, 4th Jan 2023 12:07:47 UTC Wed, 4th Jan 2023 12:04:31 UTC Wed, 4th Jan 2023 11:59:45 UTC Wed, 4th Jan 2023 11:59:38 UTC Wed, 4th Jan 2023 11:59:38 UTC Wed, 4th Jan 2023 11:59:38 UTC Wed, 4th Jan 2023 11:59:38 UTC Gavin Butterworth viewed the envelope. (81.149.92.63) Document emailed to party email (18.130.217.162) The envelope has been signed by all parties. (81.149.92.63) Sent a copy of the envelope to Natalie Todd (natalie@butterworthbarlow.co.uk). (81.149.92.63) Gavin Butterworth signed the envelope. (81.149.92.63) Gavin Butterworth viewed the envelope. (81.149.92.63) Dr Tin Min Aung viewed the envelope. (195.188.136.172) Dr Tin Min Aung viewed the envelope. (195.188.136.172) Document emailed to party email (18.169.194.111) Sent the envelope to Gavin Butterworth for signing. (195.188.136.172) Dr Tin Min Aung signed the envelope. (195.188.136.172) Dr Tin Min Aung viewed the envelope. (195.188.136.172) Document emailed to party email (18.133.170.115) Sent the envelope to Dr Tin Min Aung for signing. (18.170.23.159) Envelope has been set to automatically remind the active signer every 1 day(s). (18.170.23.159) Natalie Todd has been assigned to this envelope. (18.170.23.159) Gavin Butterworth has been assigned to this envelope. (18.170.23.159) Wed, 4th Jan 2023 11:59:38 UTC Dr Tin Min Aung has been assigned to this envelope. (18.170.23.159) Wed, 4th Jan 2023 11:59:38 UTC Envelope generated. (18.170.23.159) Wed, 4th Jan 2023 11:59:38 UTC Document generated with fingerprint 3c25949b448fc430dde718ec425e9e31. (18.170.23.159) Wed, 4th Jan 2023 11:59:36 UTC Envelope generated with fingerprint 43c808fec6d961ca8e660f0a7c3952e5 (18.133.63.166)