Amaravati Buddhist Monastery | EST Annual Update

Building Maintenance & Renovation:	£110,000	During the past few years years the monastery's general expenditure has exceeded its general income. The deficits arising have been covered by the use of reserves set aside for this purpose. There is an ongoing policy of seeking to minimise costs, where possible. As supporters will be fully aware there has been significant price inflation recently, particularly for heating and lighting. ??In addition the monastery has had to absorb the effect of the increase in VAT to 20%. As a charity The English Sangha Trust Ltd is unable to recover VAT (there are just few specific exceptions to this).?? Set out on the left are details of the annual expenditure, based on the budget for the current financial year. ?? The figures exclude 'dana' for food and other gifts in kind. Similarly, they do not include the costs for the Retreat Centre, which is run separately and covers its own expenditure through donations by retreatants.
Capital Expenditure:	25,000
Gardens & Grounds:	5,000
Insurance (including vehicles):	15,000
Heat, light, water and council tax:	50,000
Telephone & Internet:	5,000
Administration*:	39,000
Printing, Postage & Stationery:	9,000
Publications:	5,000
Travel:	35,000
Welfare:	50,000

Total:	348,000
Equivalent to approximately ?£6,700 per week or £950 per day *Administration includes bank charges, legal, audit and compliance fees, together with the salary of our part-time administrator.