##
##
|Trustees||KMalleson||||
|---|---|---|---|---|---|
|||SWood||||
|||TBlanch||||
|||ALacey||||
|||AGoraya||||
|||H Higginson|||(Appointed 24Apdl 2021)|
|||VBrett|||(Appointed 4April 2022)|
|Secretary||K Malleson||||
|Charity number||900339||||
|Company|number|02459323||||
|Principal address||Gaia House||||
|||West Ogwell||||
|||Newton Abbot||||
|||Devon||||
|||TQ126EW||||
|Registered|oflice|Gaia House||||
|||West Ogwell||||
|||Newton Abbot||||
|||Devon||||
|||TQ126EW||||
|Auditor||Rupp & Fraser||||
|||Chartered
Accountants|||and Statutory Auditor|
|||7St Paul's|Road|||
|||Newton Abbot||||
|||Devon||||
|||TQ12 2HP||||
|Bankers||HSBC Newton||Abbot||
|||42 Courtenay||Street||
|||Newton Abbot||||
|||Devon||||
|||TQ122EB||||
|Solicitors||Tozera||||
|||Broadwalk|House|||
|||Southernhay|West|||
|||Exeter||||
|||Devon||||
|||EX11UA||||
##
##
|||Page|
|---|---|---|
|Trustees' report||1-9|
|Statement of trustees'|responsibilities||
|Independent
auditor's|report|11-13|
|Statement offinancial|activities|14|
|Balance sheet||15-16|
|Statement ofcash fiows||17|
|Notes to the financial|statements|18-31|
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|||||Unrestricted|Restdicted|Total Unrestricted|Total Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||Notes||2021
5|2021
5||2020f|2020
8|2020
8|
|In
wm||n|fr|||||||
|Donations and legacies|||3|231,724|46,514|278,238|407,676|48,355|456,031|
|Charitable
activities|||4|297,828|330|298,158|167,816|665|168,481|
|Investments|||5|5,134||5,134|6,043||6,043|
|Other income|||6||||3,097|19,882|22,979|
|Total income||||534,686|46,844|581,530|584,632|68,902|653,534|
|~~nit irgLLrt;||||||||||
|Charitable
activities|||7|566,268|15,763|582,031|542,346|15|542,361|
|Other|||12|(3)||(3)|134||134|
|Total expenditure||||566,265|15,763|582,028|542,480|15|542,495|
|Net gains/(losses)
investments|on||13|24,683||24,683|(9,769)||(9,769)|
|Net (outgoing)/incoming
resources before transfers||||(6,896)|31,081|24,185|32,383|68,887|101,270|
|Gross transfers||||||||||
|between
funds||||94,946|(94,946)|||||
|Net movement
in|funds|||88,050|(63,865)|24,185|32,383|68,887|101,270|
|Fund balances at 1 January
2021||||1,031,983|280,410|1,312,393|999,600|211,523|1,211,123|
|Fund balances at|31|||||||||
|December 2021||||1,120,033|216,545|1,336,578|1,031,983|280,410|1,312,393|
##
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##
||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|6||6||
|Fixed assets|||||||
|Tangible assets
Investments||14
15||792,864
206,540||503,748
177,598|
|||||999,404||681,346|
|Current assets|||||||
|Debtors||17|40,748||66,777||
|Cash at bank and in|hand||435,424||627,785||
||||476,172||694,562||
|Creditors: amounts
one year|falling due within|19|(129,831)||(54,550)||
|Net current assets||||346,341||640,012|
|Total assets less current liabilities||||1,345,745||1,321,358|
|Creditors: amounts
more than one year|falling due after|20||(9,167)||(8,965)|
|Net assets||||1,336,578||1,312,393|
|Income funds|||||||
|Restricted funds||21||216,545||280,410|
|Unrestricted
funds||22|1,120,033||1,031,983||
|||||1,120,033||1,031,983|
|||||1,336,578||1,312,393|
##
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##
||||||2021||2020||
|---|---|---|---|---|---|---|---|---|
|||||Notes|8||8||
|Cash flows from operating||activities|||||||
|Cash generated
from/(absorbed
operations|||by)|27||115,047||(69,333)|
|Investing|activities||||||||
|Purchase|oftangible fixed assets||||(308,485)||(101,654)||
|Proceeds
assets|on disposal oftangible||fixed||||5,565||
|Purchase|of investments||||(188,404)||(3,198)||
|Proceeds|on disposal of investments||||184,145||||
|Investment|income received||||5,134||6,043||
|Net cash|used In investing|activities||||(307,610)||(93,244)|
|Financing|activities||||||||
|Proceeds|from boriowings||||||8,965||
|Repayment|of borrowings||||202||||
|Net cash
activities|generated
from financing|||||202||8,965|
|Net decrease
In cash and||cash|equivalents|||(192,361)||(153,612)|
|Cash and|cash equivalents|at beginning||ofyear||627,785||781,397|
|Cash and|cash equivalents|at end of||year||435,424||627,785|
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||||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||general|||general|||
|||||2021
8|2021f|2021
8|2020
6|2020
2|2020
8|
|Donations|and gifts|||197,514|46,514|244,028|326,852|48,355|375,207|
|Government
receivable||grants||34,210||34,210|80,824||80,824|
|||||231,724|46,514|278,238|407,676|48,355|456,031|
|Charitable|activities|||||||||
|||||||||2021|2020|
|||||||||8|6|
|Retreat income - personal|||and|online||||144,326|99,058|
|Retreat income - groups||||||||152,151|67,639|
|Booksales||||||||29|12|
|Dharma talks||||||||151|91|
|Administration||fee income||||||1,104|1,225|
|Miscellaneous||income||||||397|456|
|||||||||298,158|168,481|
|Analysis
by fund||||||||||
|Unrestricted|funds - general|||||||297,828|167,816|
|Restricted|funds|||||||330|665|
|||||||||298,158|168,481|
##
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##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2021|2020|
|||6|2|
|Income|from listed investments|4,260|3,198|
|Interest|receivable|874|2,645|
|||5,134|6,043|
##
|Other income||||||
|---|---|---|---|---|---|
|||Total|Unrestricted|Restricted|Total|
||||funds|funds||
||||general|||
|||2021
6|2020
2|2020
2|2020f|
|Net gain on disposal oftangible
Refund offinancial assistance|fixed assets
bursaries||3,097|19,882|3,097
19,862|
||||3,097|19,882|22,979|
##
##
##
##
||||||2021|2020|
|---|---|---|---|---|---|---|
||||||6|6|
||Staff costs||||378,131|345,154|
||Rates, water, insurance|||8 light and heat|41,893|44,839|
||Food cosh||||30,361|23,789|
||Kitchen costs||||2,694|2,341|
||Household
costs||||9,371|8,379|
||Garden costs||||3,141|3,400|
||General maintenance||costs||22,155|26,960|
||Direct and offsite|retreat||costs|510|334|
||Coordinator costs||||5,358|1,671|
||Teacher costs||||3,843|6,257|
||IT8 oflice costs||||12,856|7,784|
||Travel and vehicle costs||||3,052|6,351|
||Publidty,
newsletter||and|communications|6,499|4,166|
||Book &library costs||||203|114|
||Other charitable|expenditure|||640|13,148|
||||||520,707|494,687|
||Grant funding of|activities (see note 8)|||15,763||
||Share ofsupport|costs (see note 9)|||34,843|41,843|
||Share ofgovernance||costs (see note 9)||10,718|5,831|
||||||582,031|542,361|
||Analysis
by fund||||||
||Unrestricted
funds -||general||566,268|542,346|
||Restricted funds||||15,763|15|
||||||582,031|542,361|
|8|Grants payable||||||
|||||||2020|
||||||2021||
||||||6||
||Grants to institutions:||||||
||Grants to individuals||||15,763||
||||||15,763||
##
##
|Support|costs|||||||
|---|---|---|---|---|---|---|---|
|||Support|Governance|2021|Support|Governance|2020|
|||costs
6|cosbl
6|8|costs
5|costs
5|f|
|Depreciation||19,372||19,372|25,417||25,417|
|Legal and
fees|professional|450||450|637||637|
|Telephone||3,751||3,751|3,227||3,227|
|Trustee insurance||437||437|500||500|
|Bank and|credit card|||||||
|charges||10,833||10,833|12,062||12,062|
|Governance
books etc|||659|659||551|551|
|Accountancy fees|||1,530|1,530||480|480|
|Audit fees|||8,180|8,180||4,800|4,800|
|Cost oftrustees'||||||||
|meetings|||349|349||||
|||34,843|10,718|45,561|41,843|5,831|47,674|
|Analysed|between|||||||
|Charitable|activities|34,843|10,718|45,561|41,843|5,831|47,674|
##
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##
##
##
|The average
monthly|number ofemployees
during the year was|:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Director||||
|Administrator||||
|Finance||||
|IT&Communication||||
|Building||||
|Btafisupportteacher||||
|Project development||||
|Retreat operations||||
|Coordinators||||
|Total|||24|
|Employment
costs||2021
2|2020
2|
|Wages and salaries
Other pension costs||361,143
16,776|325,169
11,018|
|||377,919|336,187|
##
|Other|||
|---|---|---|
||Unrestricted|Unrestricted|
||funds|funds|
||general|general|
||2021|2020|
|Net loss on disposal oftangible fixed assets|(3)||
|Financing costs|(3)|134
134|
##
##
##
|13|Net gains/(losses)
on|investments|||||
|---|---|---|---|---|---|---|
||||||Unrestricted|Unrestricted|
||||||funds|funds|
||||||general|general|
||||||2021|2020|
||||||6||
||Revaluation
ofinvestmsnts||||18,137|(9,769)|
||Gain/(loss)
on sale ofinvestments||||6,546||
||||||24,683|(9,769)|
|14|Tangible fixed assets||||||
||||Freehold land|Plant and Motor vehicles||Total|
||||and buadlnge|equipment|||
||||6|6|||
||Cost||||||
||At 1 January 2021
Additions||511,657
297,743|245,783
10,742|10,015|767,455
308,485|
||Disposals|||240||240|
||Transfer||(1,901)|1,901|||
||At 31 December 2021||807,499|258,666|10,015|1,076,180|
||Depreciation
and impairment
At 1 January 2021
Depreciation
charged
in the year
Eliminated
In respect ofdisposals||85,369
4,862
3|168,663
14,168
236|9,673
342|263,705
19,372
239|
||At 31 December 2021||90,234|183,067|10,015|283,316|
||Canying amount
At 31 December 2021||717,265|75,599||792,864|
||At 31 December 2020||424,002|79,407|339|503,748|
##
##
##
|15|Fixed asset investments|Fixed asset investments||||
|---|---|---|---|---|---|
||||||Listed|
||||||investments|
||||||6|
||Cost orvaluation|||||
||At 1 January 2021
Additions||||177,598
188,404|
||Valuation changes
Disposals||||24,683
(184,145)|
||At 31December 2021||||206,540|
||Canying
amount
At 31 December 2021||||206,540|
||At 31December 2020||||177,598|
|16|Financial Instruments|||2021|2020|
|||||2|6|
||Carrying
amount offinancial assets
Instruments
measured
at fair value through||profit or loss|206,540|177,598|
|17|Debtors|||||
|||||2021|2020|
||Amounts
falling due within one year:|||6|8|
||Other debtors|||18,573|27,923|
||Prepayments
and accrued income|||22,175|38,854|
|||||40,748|66,777|
|18|Loans and overdrafts|||||
|||||2021|2020|
|||||6|6|
||Otherloans|||9,167|8,965|
||Payable aRer one year|||9,167|8,965|
##
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##
##
##
|Creditors: amounts
falling due within one year|||
|---|---|---|
||2021|2020|
||6|6|
|Other taxation and social security|6,204|4,646|
|Payments
received on account
Trade creditors|60,285
25,453|6,859
13,854|
|Other creditors|16,555|18,100|
|Accruals and deferred income|21,334|11,091|
||129,831|54,550|
|20|Creditors: amounts|falling due after more than one year|||
|---|---|---|---|---|
||||2021|2020|
||||6|6|
||Borrowing s||9,167|8,965|
##
##
##
|||||||Movement|Movement|Movement|in funds|in funds|in funds|in funds|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance at
1January2021|Incoming
resources|Resources
expended||||||Transfers
Balance at
31December
2S21||||
|||||||f||||8||||6||6|
|Green environment||development|||4,700||||||||(4,700)||||
|Save water project|||||17,503|1,020||||||||||18,523|
|Finance assistance||and bursaries
fund|||44,700|27,207||(15,763)||||||||56,144|
|Building appeal|||||96,976||||||||(44,637)|||52,339|
|Garage Development|||Fund||84,289|||||||||||84,289|
|Shower Development|||Fund||32,242|13,367|||||||(45,609)||||
|Hermera
grant||||||5,250||||||||||5,250|
||||||280,410|46,844||(15,763)|||||(94,946)|||216,545|
|Transfers
from the|restricted|||funds during the year represent
funds expended||||||on||Tangible Fixed Assets.|||||
|The restricted funds||in question were raised for the purpose ofacquisition|||||||ofan|||asset, and||transfer||to the|
|unrestricted
fund was|||completed
when||the asset was|brought
into use.|||||||||||
|As the funds were raised for the purposes
of acquiring
the asset and
charity to hold the asset for a specific purpose,
the trustees
feel that the
acquisition
in accordance
with Charities SORP:2.12.|||||||||there
asset||is no requirement
became unrestricted|||||for the
upon|
|Unrestricted
funds|||||||||||||||||
|The income funds of||the charity include|||the following
designated
funds|||which have|||||been set aside||out of||
|unrestricted
funds by||the trustees for specific purposes:|||||||||||||||
|||||||Movement
in funds|||||||||||
|||||Balance at|Incoming|Resources|Transfers||||Revaluaaons,||||Balance al||
|||||1January
2S21|resources|expended|||||||gains and
losses|31 December 2321|||
|||||6|||||||||6|||8|
|General fund||||774,308|534,686|(565,625)||94,946|||||24,683|||862,998|
|Building restoration
development
fund|and|||30,619||||||||||||30,619|
|Strategic development
fund||||202,457||(640)||||||||||201,817|
|Building cyclical
maintenance
fund||||24,599||||||||||||24,599|
|||||1,031,983|534,686|(566,265)||94,946|||||24,683||1,120,033||
##
##
##
##
|23|Analysis ofnet assets|between funds||||||
|---|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|||funds|funds||funds|funds||
|||2021|2021|2021|2020|2020|2020|
|||8|6|8||6||
||Fund balances at 31|||||||
||December 2021 are|||||||
||represented
by:
Tangible assets
Investments|792,864
206,540||792,864
206,540|503,748
177,598||503,748
177,598|
||Cunsnt assets/
(liabilities)
Long term liabilities|129,796
(9,167)|216,545|346,341
(9,167)|359,602
(8,965)|280,410|640,012
(8,965)|
|||1,120,033|216,545|1,336,578|1,031,983|280,410|1,312,393|
##
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##
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##
##
|27|Cash generated
from operations|Cash generated
from operations|||||2021f|2020
8|
|---|---|---|---|---|---|---|---|---|
||Surplus for the year||||||24,185|101,269|
||Adjustments
for:||||||||
||Investment
income recognised|in statement||offinancial|activities||(5,134)|(6,043)|
||Gain on disposal oftangible fixed assets||||||(3)|(3,097)|
||Gain on disposal ofinvestments||||||(6,546)||
||Fair value gains and losses on|investments|||||(18,137)|9,769|
||Depreciation
and impairment
oftangible fixed assets||||||19,372|25,417|
||Movements
in working
capital:||||||||
||Decrease/(increase)
in debtors||||||26,029|(38,786)|
||Increase/(decrease)
in creditors||||||75,281|(157,862)|
||Cash generated
from/(absorbed||by) operations||||115,047|(69,333)|
|28|Analysis ofchanges
In net funds||||||||
|||||||At 1January|Cash flows|At 31December|
|||||||2S21||2021|
|||||||8|8|f|
||Cash at bank and in hand|||||627,785|(192,361)|435,424|
||Loans falling due after more than one year|||||(8,965)|(202)|(9,167)|
|||||||618,620|(192,563)|426,257|