Company reglstered number: N1640489 Charlty reglstered number: NIC106141 BLACK MOUNTAIN ZEN CENTRE (Private ¢ompany Ilmlted by Buarantee with¢xrt share ¢apltsl) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 COIthPANIES House 2 3 DEC 20ai BELFAST COMPANIES HOUSE • JBJG6XHT• 23112f2022 COMPANIES HOUSE JNI
291
Tony Clarke Clarke&Co. Accountants 53 Andersonstown Road Belfast BTII 9AG
BLACK MOUNTAIN ZEN CENTRE CONTENTS PAGE Reference and administrative details of the charity, its trustees and advisers Annual Report of the Trustees Independent ExamSner Report Statement of Flnanclal Activities Balance Sheet 10 Notes to the Financial Statements 11-16
BLACK MOUNTAIN ZEN CENTRE (Prlvate company limited by guarantee without share capltall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Trustees. Annual Report {IncorporatlnE the Olrector's Report) STRUCTURE, GOVERNANCE AND MANAGEMENT The charity is controlled by its governing document, a Memorandurn and Articles of Association, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006. The company was Incorporated on 30 August 2016 and registered with the Charity Commission for Northern Ireland on S June 2017. REFERENCE AND ADMINISTRATIVE DETAILS Reglstered Company number N1640489 Registered Charity number NIC106141 Registered office 64 Done8all Street Cathedral Buildlng, Office 2&3 Belfast BT12GT CHAIRPERSON Adarn Murray TRUSTEES Paul Haller Mlchael O'Keefe Adam Murray Nuala McKeever Paul Mccrory Francis Liddy Richard Hall Jean Galla8her Appointed on 01 November 2022 Margaret Mulholland Appolnted on 01 November 2022 Jonathan Nixon Appolnted on 01 November 2022 Mary Price Appoinled on 01 November 2022 Stephen Williamson INDEPENDENT EXAMINER Tony Clarke 53 Andersontown Road Belfast BTII 9AG
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Trustees, Annual Report {Incorporating the Oirector's Report) The Trustees present their annual report together with the financial statements of the company for the 01 April 2021 to 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out in not I to the financial statements and comply with the company's governing document. the Companies Act 2006 and 'Accountin8 and Reporting by Charities.. Statement of Recommended Practices applicable to charities preparing their accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of Ireland IFRS 102)" (as amended for accounting periods commencin8 from l January 2016) Structure, Governance and Trustee5 Black Mountain Zen Centre which is registered as a charity with the Charity Commission for Northern Ireland, was incorporated as a company lirnited by guarantee in Northern Ireland, registration number N1640489. The Personnel The current board of directors for Black Mountain Zen Centre remains unchanged from the previous trustees, report and consists of Paul Haller, Adam Murray, Michael O'Keefe, Frank Liddy, Richard Hall, Nuala McKeever and Paul Mccrory. Adam Murray has continued thls year in his role as chairperson of the board. while Paul Mccrory continued in his role as treasurer. Chairs. Statement: The past year Ilke last, has been a challen8in8 year for BMZC due to the contlnuation of the COVID-19 lockdown. The centre remained completely closed durin8 most of this time and BMZC made a shift to online only to continue practice and studv. The complete shift to online allowed new members to join BMZC from across the world and take part in daily meditation sittings as well as workshops and classes. In addition to the daily online meditation sittings, BMZC was able to offer the continuation of the weekly study group as well as a six-week and elght-week class given by Paul Haller online from California. BMZC'S resident teacher Myogan Djinn Gallagher led a five-day online session at the end of March 2022 in which people sat together all day with talks 8iven both morning and evenin8. Another positive development this year was the development of 8MZC's new website which was generously prepared for us as a gift by a website deslgner from America. The interest generated by the new website led to a significant increase in the number of people participating online and expressing their interest in visiting the centre in person when we re- open. The board would like to extend its sincere thanks to our resident teacher Myogan Djinn Gallagher for hosting and facilitating the daily sittings and classes given online as well as maintaining the technology and infrastructure needed to offer this to 8MZC members. The board would also like to extend thanks to Paul Haller who provided several online workshops for people who wished to further their study of Zen practice.
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guaraniÈe without share tapital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Trustees, Annual Report (Incorporating the Director's Report) continued... Chalr5' Statement (contlnued) The Board of Directors publishes an annual report to inform the community about the activities at the Centre during the preceding year. This report provides useful information for members and helps us preserve BMZC'S institutional memory. We wish to take this opportunity to thank each of the Office Bearers, Trustees, Members and Volunteers who have given freely of their time and energy to help make BMZC a continuing success. Adam Murrav. Our Journey: Due to the COVID-19 pandemic, BMZC has had to make adjustments to its offerings. It rnUSt be noted, however, that this would not be possible without the efforts of Djinn Gallagher, our Resident Teacher, who has put in much time and effort to facilitate the online community with whom we now practise daily. BMZC contir)ues to offer group sittings, workshops and retreats on a dana basis and we would like to take this opportunity to also thank our sangha for their donations towards the centre and its teachers. Guiding Teacher Ryushin Paul Haller Roshi has continued to serve as our Guiding Teacher, and he has the deep appreciation of the board for fulfilling this vital role. Paul has been the guiding light for us and for Zen practice as a whole In N. Ireland since he first brought Zen to his home place in the year 2000. His vision for what would ultimately become possible, his tireless devotion to Vi51tlng twlce every year, leading sesshins, workshops, and sittings and giving dharma talks, and his calm guidance and raised eyebrow are all ultimately responsible for ensuring we have all come such a lonR wav since those earlv davs. Unfortunately, due to the ongoing pandemic, Paul has been unable to visit us in Belfast. however we would like to once again extend our thanks for the various online classes and workshops that Paul has offered to his students and fellow sangha members at Black Mountain Zen Centre. Centre Management: Our Resident Teacher Rev. Djlnn Myogan Gallagher has klndly continued her offer of residency at BMZC as Resident Teacher. For this offer of steady, regular presence, offerings of guidance, dharma talks, work on the collaboration with Cara-Friend and for being the first friendly face most newcomers to BMZC will see, we truly cannot offer thanks for enough. It could be too quickly missed that Djinn has also 5UPPOrted BMZC in a myriad of background roles. including much day-to-day administration. Volunteering has always played a crucial role at BMZC, and the board wishes to thank all the sanRha members who have made offerinRs of volunteerism.
BLACK MOUNTAIN ZEN CENTRE (Private company limlted by guarantee without shale capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENOED 31 MARCH 2022 Trustees. Annual Report (IncorporatOn8 the Dlrector's Report) contlnued... Despite the pandemic affecting much of 8MZC's in-person offerings, Djinn continues to lead BMZC in the online world, offering a place each day for our community to practlce. She has continued to welcome new members into our san8ha, offering guidance and training for those who wish to learn more about traditional Zen ceremonies. Website. Social Media and Online Giving The Board wishes to express our deep thanks for all those involved with the fantastlc work on the new BMZC website. In additSon, the board would also Ilke to thank to Justln Mccartney for his continued and on8oln8 SUPPOrt regardlng the online presence of BMZC. Wlth our presence now malnly belng onllne, BMZC contlnues to explore new ways of offerin8 teachings to our sangha through platforms such as Zoom, Soundcloud and Vimeo. Charity Commission for N. Ireland BMZC continues to be registered and compliant with the Charity Commission for Northern Ireland. Our Charlty number is 106141. Company number 640489. Flnance, Glft Ald and Fundralslng The board wlshes to express our gratitude to our accountants, namely Tony Clarke and Colleen Doherty, for their assistance durin8 the past year. All accounts and confirmatlon statements are filed wlth Companles House, tax returns submitted to Her Majest$ Revenue & Custorns, 3nd Rates Exemptions secured from Land & Property Services. The Annual Accounts have been prepared by our accountant5 based on bank statements and spreadsheets from the Treasurer, and are available separately from this document. The Board would like to offer thanks to Steve Williarnson once more who ha5 assisted with securing additional funding for 8MZC in the form of grants which have helped the centre continue operations and plan ahead for the future. Due to BMZCS switch to online sittings, workshops and classe5 we have received an increased amount of donations from our sangha both home and afar, for which we would like to expre5S our sincere thanks. BMZC is a charity organization which relies on the concept of dana to provide offerings, classes and teachings. These donations enable BMZC to build a reserve of funds to fall back on in addition to allowing BMZC to plan and grow in the years forthcoming.
BLACK MOUNTAIN ZEN CENTRE {Private company limited by guarantee without shafe capital) TRU5TEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Trustees. Annual Report (Incorporatlng the Director's Report) continued... Flnance, Glft Ald and Fundralsln8 (contlnued) Lastly, the board would Ilke to express our ongoing thanks to all our members who submit application forms, set up their standing orders or agreed cash donations, and who continue to contribute to the centre. Thank you. Goln8 Concern After making appropralte enqulries, the trustees have a reasonable expectation that the company ha5 adequate resources to continue In operational existence for the foreseable future. For thls reason they contlnue to adopt the goin8 concern basis In preparlng the flnancial statements. Further detalls reqardlng the adoption of the 8oin8 concern basls can be found In the Accountlng Pollcles. Flnanclal Revlew The results for the year ended 31 March 2022 are set out on pages 9 and 10 of the financial statements. The total income for the year ended 31 March 2022 amounted to £23,664 (2021: £44,983) The total expenditure was £18,745 (2021: £34,813) The Trustees consider that the unrestricted funds of the charity is sufficient and adequate to fulfil their obligations. The charity held £35,096 in reserves at the year end (2021: £30,177). Reserves Pollcy The income of the Company is considered adequate and the risks assoclated wlth any significant reduction in income is regarded as unlikely. The Trustees are satlsfied with the current level of reserves at the present time. The Trustees are reviewing the Reserves Policy in the current year.
BLACK MOUNTAIN ZEN CENTRE (Private company Ilmlted by guarantee without share capltall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 Trustees, Annual Report Iln¢orporatlng the Director's Report) contlnued... Trustees, responsibilbties statement The Trustees (who are also directors of 81ack Mountain Zen Centre for the purposes of company law) are re5pon5ible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Standard (United Kingdom Generally Accepted Accountlng Practice). Company law requires the trustees to prepare financlal statements for each financial year. Under company law the Trustees must not approve the financial staternents unless they are satisfied that they give a true and fair view of the state of affalrs of the charitable company and of the income resource5 and application of resources, including the income and expenditue of the charitable company for that period. In preparlnE these financial statements, the Trustees are required to". select suitable accounting policies and then apply them consistently observe the methods and prlnciples in the Charities SORP; make Judgments and accounting estlmates that are reasonable and prudent; prepare the financial statements on the going concern basi5 unless it is inappropriate to presume that the charitable company will contlnue in operatlon. The Trustees are responsible for keeping adequate accountlng records that are sufficient to show and explaln the charitable company's transaction and disclose with reasonable accuracy at any time the financial position of the charitable company and the enable them to ensure that the financial statements comply with the Companies Act 2016. They are also responslble for safe8uardin8 the assets of the charltable company and hence for taking reasonable steps for the preventlon and detectlon of fraud and Other Irregularltles. This report was approved by the Trustees, orb .. signed on behalf by: Paul MCC Trustee
BLACK MOUNTAIN ZEN CENTRE {Private company Ilmlted by 8uarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK MOUNTAIN ZEN CENTRE I report on the financial staternents of the company for the year ended 31 March 2022 which are set out on pages 9 and 10. This report Is made solely to the company's Trustees, as a body in accordance with section 65(3)la) of the Charlties Act Northern Ireland 2008 and regulations made under section 66 of the Act. My work has been undertaken so that I might state to the company's Trustees those matter5 l am requlred to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permltted by law, I do not accept or assume responsibility to anyone other than the company and the company's Trustees as a body, for my work of this report. Respective responsibilities of trustees and examiner As the company's Trustees (and also the directors of the company for the purpose of company law) you are responsible for the preparatlon of the financlal statements in accordance with the requirments of the Companies Act 2006, Having satisfied myself that the company is not subject to audit under company law, and is eli8able for Independant examlnatlon. It is my responsibility to: • examine the accounts under section 65 of the Charities Act • follow the procedure5 laid down in the general Directions given by the Commission under section 65(9I(b) of the Charities Act state whether particular matters have come to rny attention. Basls of Independent Examlner's report I have examined your charlty accounts as required under sectlon 65 of the Charities Act and my examination was carried out in accordance with the general dlrections given by the Charity Commission for Northern Ireland under section 6519)(b) of the Charitles Act. My exarnination included a review of the accounting records kept by the charlty and comparison of the accounts presented with those records. It was also included consideration of any unusual Items or disclosures in the accounts, and seeking explanations from you as charity trustees concerning any such matters. Independent examlnerfs statefflent My role is to state whether any material matters have come to my attention giving me cause to believe: That accounting record5 were not kept in accordance with section 63 of the Charities Act That the accounts do not accord with those accounting records That the accounts do not comply with the accounting requirements of the Charities Act 4 That there is further information needed for a proper understanding of the accounts to be reached.
BLACK MOUNTAIN ZEN CENTRE (Private company Ilmited by guarantee wlthout share capit31) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF BLACK MOUNTAIN ZEN CENTRE CONTINUED... I have completed my examination and have no concerns in respect of the matters (l) to (4) listed above and. in connection with followin8 the directions of the Charity Commission for Northern Ireland, I have found no matters that require drawing to your attention. eL.IL.LL Tony Clarke 53 Andersonstown Road Belfast 8TII 9AG Date:
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT Year to Unrestricted Restrirted 31-Mar-22 Funds Funds TOTAL Year to 31-Mar-21 TOTAL Note Income from: Donations and Legacies Charitable Activities 15 18,649 5,000 s,ois 18,649 5,120 39,863 Total Income 18.664 5.000 23,664 44,983 Expenditure on: Charitable Activities 18,745 18,745 34,813 Totsl Expenditure: 18,745 18,745 34,813 Net Incomel(Expendlture) 181) s,000 4,919 10,170 Transfers between funds Net rnovernent In funds 81) 5,000 4,919 10,170 Reconciliation of Funds Total funds brought forward 12 30,176 30,176 20.007 Total Funds carried forward 11 30,096 5,000 35,096 30,176 The statement of flnanclal activities includes all galns and losses recognised in the year. All incoming resources and resources expended derive from continuing activities. The statement of financial activities also complies with the requirements for an income and expenditure account under the Companies Act 2006. The notes on page 11 to 16 form an ifite8ral part of these accounts
BLACK MOUNTAIN ZEN CENTRE (Private company Ilmlied by guarantee wlthout Share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 BALANCE SHEEr As at 31 March 2022 2022 2021 Noie Flxed Assets Tan8ible Assets Current Assets Debtors Cash at bank 3S,834 35,834 30,740 30,740 Llabilities Creditors: amounts fallln8 due wlthln one year 10 (738) (563 Net Current Assets 35,096 30,177 Net assets 35,096 30,177 Funds Restricted Unrestricted 5,000 30,096 30,177 TOTAL FUNDS 11 35,096 30,177 The company Is entltled to the exemptlon from the audlt requlrement contained in sertlon 477 of the Companles Act 2006, for the year ended 31 March 2022. The trustees acknowled8e their respon51bilities for ensuring that the charlty keep5 accountlng records which comply with sertion 386 of the Act and for preparing financial statements which give a true and fair view of the state of affair5 of the company as at the end of the financial year and of its incoming resources and application of resources, including its income and expendlture, for the financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply wlth the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. The Members have not required the company to obtain an audit of its financial statements for the year In question Sn accordance with section 476. These flnancial statements have been prepared In accordance wlth the provlsions applicable to companies subject to the small companies re8ime. The financial statements were approved by the board dirertors on .. on their behalf bv.. IilI4iu2.L... and were signed Paul Mccrory Trustee The note5 on page 11 to 16 form and integral part of these account5 10
BLACK MOUNTAIN ZEN CEKfiiE (Prlvate company limited by 6varantee without share upital} TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS l Accounting policies Charity inforniation Black Mountain Zen Centre is a private company limited by guarantee incorporated in Northern Ireland. The re8iStered office is: 81ack Mountain Zen Centre, Cathedral Buildings, 64 Donegall Street. Belfast. BTI 2GT. 1.1 Accounting conventlon The accounts have been prepared in accordance wlth the charlty's 8overnin8 document, the Companies Act 2006 and "Accounting and Reportlng by Charitle5: Statement of Recommended Practice applicable to charities preparing their accounts In accordance wlth the Financial Reportin8 Standard applicable in the UK and Republic of Ireland (FRS 102)" las amended for accounting periods cornmencing from l January 2016). The charity is a Public Benefit Entity as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not to prepare a Statement of Cash Flows. The financial statements are prepared in sterling, which is the funrtional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £. The flnanclal statements have been prepared under the hlstorical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below. 1.2 Goln8 concern At the time of approving the financial statements, the trustees have a reasonable expectatlon that the charity has adequate resources to continue In operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements. 1.3 Charitable fund5 Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives unless the funds have been designated for other purposes. Restricted funds are subject to specific conditions by donors as to how they may be used. 1.4 Incornlng resources Income is recognised when the charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it Is probable that income will be received. 11
BLACK MOUNTAIN ZEN CENTRE (Private cornpany limited by guarantee withoul share capilall TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS CONTINUED... 1.4 Incorning resources (conllnued) Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount" Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods and services provided in the normal course of business, net of discounts, VAT and other sales related taxes. 1.5 Resources expended Llabilitles are reco8nised 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 economlc benefits will be requlred In settlement and the amount of the obligation can be measure reliably. Expenditure Is accounted for on an accruals basis and has been dassified under headings that aggregate all cost related to the cate80ry. The charity is below the charlty audit threshold and therefore is exempt frorn reportin8 expenditure on an activity basis. The charity has opted to report by the nature of expenditure rather than on an activity basis. 1.6 Tanglble flxed assets Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over thelr useful lives on the followin8 bases: Fixtures and Flttlngs 15% on cost Computers 20% on cost 1.7 Cash and cash equlvalents Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less. and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities. 1.8 Financial instruments The charity has elected to apply the provisions of section 11 'Basic Financial Instruments, and Sertion 12 '0ther Financial Instruments Issues, of FRS 102 to all of its financial instruments. Financial instruments are recognised in the charity's balance sheet when the charity becomes party to contractual provisions of the instrument. Financial assets and liabllities are offset, with the net amounts presented in the financial Statements, when there is a le8ally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. 12
BLACK MOUNTAIN ZEN CENTRE (Private company Ilmlted by guarantee wlthout share capltal) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS CONTINUED... 1.9 Baslc financlal assets Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. 1.10 Baslc financlal Ilabllltles Basic financial liabilities, including creditors and bank loans are initially recognlsed at transactlon prlce unless the arrangement constltutes a financln8 transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. FSnanclal liabillties classlfled as payable wlthSn one year are not amortised. Debt Instruments are subsequently carrled at amortlsed cost, usln8 the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classlfled as current Ilabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. 1.11 Derecognltlon of financoal Ilabllltles Financial liabilities are derecognised when the charity's contractual obligations expire or are discharged or cancelled. 1.12 Employee beneflts The cost of any unused hollday entltlement Is reco8nlsed In the perlod in which the employee's services are received. Termination benefits are recognised immediately as an expense when the charity Is dernonstrably committed to terminate the employment of an employee or to provide termlnatlon benefits. 1.13 Crltlcal ac¢ountlng estimates and judgements In the application of the charity's accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of a55ets arbd liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results mav differ from these estimates. The estimates and underlylng assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or In the period of the revlslon and future periods where the revision affects both current and future perlod5. 13
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee wlthout share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS CONTINUED... 2 Income from Donations and Le acles 2022 2021 Unrestrlcted Restrlcted Funds Funds TOTAL TOTAL Comic Relief Donation Interest 5,000 5,000 5,000 100 19 5,120 Is 15 15 S.015 s.000 Totals 2021 2.120 3,000 5,120 3 Income from Charitable Activitles 2022 2021 Unrestricted Restrirted Funds Funds TOTAL TOTAL Se55hin Workshops / Retreat General Mernbership Total$ 2022 11,249 856 6,544 18,649 11,249 856 6,544 18,649 27,199 5,149 7,516 39,863 Totals 2021 39,863 39,863 4 Staff Costs and Numbers 2022 2021 Gross Wages and Salaries No employee received emoluments of more than £60,00012021: Nil) The average monthly number of employees during the year, calculated on the basis of full time equivalents, was as follows: 2022 Number 2021 Number 5 Related transactions There were no related party transactions during the year. 14
BIACK MOUNTAIN ZEN CENTRE (Private company limited by guarantee without share capital) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS CONTINUED... 6 Ex nditure 2022 2021 Charltable Actlvltles Unrestrirted Restricted Funds Funds TOTAL TOTAL Accountant Fees Advertlsement Bank Charges General Expense Heat & Light Internet Membership Rent Stipend / Premises Workshops / Other Total 2022 360 10 40 306 80 771 74 7,219 9.120 764 18,745 360 10 40 306 80 771 74 7,219 9.120 764 18,745 360 57 859 536 529 6, 188 9,120 17,164 34,813 Total 2021 31,813 3,000 34,813 7 Trustees remuneratlon & expenses During the year, no Trustees recelved any remuneratlon 2022:£NIL {2021- £NIL). Durin8 the year, no Trustees recelved any benefits in kind 2022:£NIL12021- £NIL). During the year. no Trustees received any reimbursement of expenses 2022:£NIL (2021- £NIL). 8 Debtors 2022 2021 Grants Receivable Prepayments endent examlner's remuneratlon The independent Examiner's remuneration amounts to an Independent Exarnination fee of £360 (2021- £3601 15
BLACK MOUNTAIN ZEN CENTRE (Private company limited by guarantÈÈ witlK)Ut share capltal) TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 NOTES TO THE ACCOUNTS CONTINUED... 10 Credltors: amounts falling due within one year 2022 2021 Accruals & Deferred Income Government Pension Other Creditors 738 738 563 563 11 Statement of funds- current ear Balance at l April 2021 Balance at 31 March 2022 Income Expendlture Transfer in/out Restrlcted funds Comlc Relief Total restrlcted fund5 5,000 5,000 5,000 5,000 Unrestrlcted funds General funds Total Unrestricted funds 30,177 30,177 18,664 18,664 (18,745) 118,745) 30.096 30,096 Total of funds - current year 30.177 23.664 118,745) 35,096 12 Statement of fund - ear Balance at l Aprll 2020 20,CM)7 Balance at 31 March 2021 30.177 Income Expenditure Transfer in/out Total unrestricted funds Total restricted funds Total of funds - prlor year 41,983 3,000 44.983 (31,813) (3,000) 134.813) 20.007 30.177 16