## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||2020|2019| |---|---|---|---|---| |Income from||||| |Donations|||60,124|50,883| |Investment|income|||| |Interest|||245|327| |charitable|activities|||| |Retreats|||307|5,873| |Classes and|courses||3,010|15,542| |Rent|||10,577|28,596| |Events|||1,236|1,308| |Otherincome|||1,106|1,988| |Shop income|||507|1616| |Total|||77,111|106,333| |Expenditure|on|||| |Charitable|activities||100,642|102,771| |Total|||100,642|102,771| |Net income/
(expenditure)|||(23,531)|3,562| |Loss on revaluation||offixed assets||| |Net movement
in funds|||(23,531)|3,562| |Total funds|brought|forward|410,507|406,945| |Total funds|carried|forward|386,977|410,507| ## ## ||||2020||2019| |---|---|---|---|---|---| |||Notes|||| |Tangible assets||||294,067|303,234| |Current assets|||||| |Debtors|||5,720||7,440| |Cash on hand|||204||62| |Cash at bank|||87,931||100,842| ||||93,855||108,344| |Current
liabilities|||||| |Creditors: amounts|falling||||| |due within 12months|||(945)||(1,070)| |Net Current assets||||92,910|107,274| |Net assets||||386,977|410,507| |Unrestricted
funds|||||| |General funds||||386,977|410,507| ## ## |Notes to the accounts for the year ended 31st.December 2020||||| |---|---|---|---|---| |(1) Principal Accounting
Policies||||| |The principal
accounting
policies adopted
in the preparation
ofthe financial
statements||||| |are set out below and have remained
unchanged
from the previous year except||||| |for SORP compliance
changes.||||| |(a) Basis of preparation||||| |The charity constitutes
a public benefit entity as defined
by FRS 102.The financial||||| |statements
have been prepared
in accordance
with 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)2nd edition| |and
the Charities Act 2011.||||| |The financial
statements
have been prepared
under the historical cost convention.||||| |(b) Fund accounting||||| |[i] Unrestricted
funds are available
for use at the discretion
ofthe trustees
in furtherance||||of| |the general objectives ofthe charity.||||| |[ii]Designated
funds are unrestricted
funds earmarked
by the Management
Committee|||for|| |particular
purposes.||||| |[iii] Restricted funds are subjected to restrictions
on their expenditure
imposed
by the donor||||| |or through
the terms ofan appeal.||||| |(c) Income||||| |Income is included
in the statement
offinancial
activities when the charity||||| |is entitled to the income and the amount can be quantified
with reasonable
accuracy. The||||| |following
specific policies are applied to particular
categories of income.||||| |[i] Income
received
by way of grants, donations
and gifts and is included
in full||||| |in the Statement
of Financial
Activities when receivable. Grants, where entitlement||is not||| |conditional
on the delivery ofa specific performance
by the charity, are recognised||when||| |the charity becomes
unconditionally
entitled to the grant.||||| |[ii] Donated services and facilities are included
at the value to the charity where this||can be||| |quantified.||||| |[iii]The value ofservices provided
by volunteers
has not been included
in these accounts.||||| |[iv] Investment
income is included
when receivable.||||| |[v]Income from charitable
trading
activity are accounted
for when earned.||||| |[vi]Income from grants, where related to performance
and specific deliverables,||||| |are accounted
for as the charity earns the right to consideration
by its performance.||||| |(d) Expenditure||||| |Expenditure
is recognised
on an accrual basis as a liability is incurred.
Expenditure||includes||| |any VAT which cannot be fully recovered||||| |[i]Costs of generating
funds comprise the costs associated
with attracting
voluntary||||| |income and the costs oftrading
for fundraising
purposes.||||| |[ii]Charitable
expenditure
comprises those costs incurred
by the charity
in the delivery|||of|| |its activities and services for its beneficiaries.
It includes
both costs that can be allocated||||| |dirctly to such activities and those costs ofan indirect nature necessary
to support|them|||| |[iii]AII costs are allocated
between
the expenditure
categories ofthe SoFA on a basis||||| |designed
to reflect the use ofthe resource. Costs relating to a particular
activity are||||| |allocated
directly, others are apportioned
on an appropriate
basis.||||| ## |Freehold|Land and|Buildings|||2/o|reducing|balance|||| |---|---|---|---|---|---|---|---|---|---|---| |Artefacts|||||5/o|reducing|balance|||| |Library|||||20/o|reducing|balance|||| |Fixtures,|fittings and|equipment|||20/o|straight|line|||| |Office equipment|||||33/o|reducing|balance|||| |(2)Tangible Assets|||Office||||Fixtures|gt||| |||Building|Equipment||Artefacts|Library|fittings||Total|| |||E|E||E|E|f||f|| |Cost:||||||||||| |balance brought
fwd||270,000||6,849|18,507||569|33,809||329,734| |additions|in the year|||||||||| |||270,000||6,849|18,507||569|33,809||329,734| |Depreciation||||||||||| |balance brought forward||5,400||4,727|4,902||351|11,121||26,501| |charge for the year||5,400||597|754||36|2,378||9,165| |||10,800||5,324|5,656||387|13,499||35,666| |Net book|value at 31/12/2020|||||||||| |||259,200||1,525|12,851||182|20,310||294,067| |Net book|value at 31/12/2019|||||||||| |||264,600||2,122|13,605||218|22,688||303,234| ## |(3) Creditors and accruals
Creditors: amounts
falling due within 12months||| |---|---|---| ||2020|2019| |Sundry creditors|945|1,070| |(4) Debtors and prepayments||| |Gift Aid recoverable|5,720|7,440| ## ## ## |||Total||Total|| |---|---|---|---|---|---| ||||2020||2019| |Shop cost ofsales|||586||1,352| |Fundraising
costs|||||| |IT|||2,025||2,673| |Insura nce|||2,124||2,080| |Cleaning
and caretaking|||1,017||1,767| |Shrine expenses|||26||104| |Library|||||23| |Catering|||52||695| |Repairs and renewals|||1,629||1,460| |Health and safety|||438||1,588| |Publicity|||||103| |Print, post and stationery|||458||694| |Waste disposal
and recycling|||640||1,213| |Donations to Central Triratna|||5,328||5,182| |School work|||||581| |Teachers fees|||958||704| |Telephone|||889||988| |Heat light and water|||1,939||2,632| |Non capitalised
equipment|||1,143||25| |Council Tax|||354||1,182| |Retreat accommodation|||||5,109| |Sa laries and wages|||65,478||57,320| |Retreat allowance|||2,454||2,751| |Trustees expenses|||289||746| |Sangha development|||||262| |Mitra Convenor expenses|||||1,008| |Other donations|||500||| |Miscellaneous
expenses|||694||70| |Bank charges and service|fees||||340| |Professional
fees|||1,956||| |Independent
examiner's|fees||500||475| |Depreciation|||9,165||9,643| ||||100,642||102,771| ## ## ## ## ## |||||2019|2018| |---|---|---|---|---|---| |Income from|||||| |Donations||||50,883|60,253| |Investment||income|||| |Interest||||327|339| |charitable|activities||||| |Retreats||||5,873|11,381| |Classes and||courses||15,542|11,271| |Rent||||28,596|36,380| |Events||||1,308|5,348| |Other income||||1,988|1,345| |Shop income||||1,816|2,074| |Total||||106,333|128,391| |Expenditure||on|||| |Charitable|activities|||102,771|106,818| |Total||||102,771|106,818| |Net income/||(expenditure)||3,562|21,573| |Loss on revaluation|||offixed assets||| |Net movement
in funds||||3,562|21,573| |Total funds||brought|forward|406,945|385,373| |Total funds||carried|forward|410,507|406,945|