REGISTERED COMPANY NUMBER: 02994834 (En8land and Walesl
REGISTERED CHARITY NUMBER: 1043015
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
FOR
THE TEMENOS ACADEMY
Xelnadin South East Ltd
19 North Street
Ashford
Kent
TN24 8LF
'AEBC3QVE*
1W0912025
COMPANIES HOUSE
A14
#190

THE TEMENOS ACADEMY
CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024
Page
Report of the Trustees
Independent Examiner's Report
Statement of Financial Activitles
8alance Sheet
8 to 9
Notes to the Flnanclal Statements
10 to 16
Detsiled Statement of Flnancial Activities
17 to 18

THE TEMENOS ACADEMY
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006. p￿sent their report
with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the
provisions of AccountSnB and Reportin8 by Charlties.. Statement of Recommended Practice applicable to charities
preparlng iheir accounts in accordance with the Financial Reportin8 Standard applicable in the UK and Republic of
Ireland IFRS 1021 (effective l January 20191.
Page I

THE TEMENOS ACADEMY
REPORT OFTHE TRUSTEES
for the Year Ended 310ecember 2024
OWECTIVES AND ACTIVITIES
Charitable Objects
The objects of the charity are..
To advance education by the provision of educational facilities to the public in the general context of the humanities
with emphasis on the study of philosophy and the arts in the context of the world's major religious and spiritual
traditions.
Artlvltle5
The artivities of the charity are set out in detail in Article 4 of the Memorandum of Association.
The trustees are aware of the Charities Commlssion Guidance on Public Beneflt and.have complied with their duty to
have due regard to the Charities Commission's public benefit guidance. when exercising any powers of duties to which
the 8uidance is relevant. The trustees confirm that durin8 the year all donations received, all investment income
received, and some capital, were used to fund the charity's programme, described below.
Programme
Durlng the peflod of 2023 the Temenos Academy organised 14 publlc lectures which included a serles on 'Sacred
Nature,. 38 semlnar study session5, 2 Temenos Academy Youn8 Scholars Oay Pil8rimaBes from Cambridge to Ety
Cathedral, a Study Day at the Lampeter Campus of the Unlversity of Wale5 Trinity Salnt Davld in association with the
university's Harmony Programme, a Study Day on theme on 'Lan8ua8e and Clvilisation,, and continued teaching the
Foundation Course in the Perennlal Philosophy,
The pro8rdmme of lectures comprised 'Peter Lanyon: Inside the Sky, by Toby Treves; 'Making Peace with Nature, bv
Satish Kumar Soil. Sky and Soul.. Makin8 Connections Between Heaven and Earth, by Bishop James Jones, The
Concept of Yajna {sacrlflcel, Dana l¢harityl, and Tapas lausterltyl in the Bha8avad Glta, Mediatlng Matter., The
Coronation Anointing Screen and ihe role of vlsual art in the traditional Christian worship, by Aidan Hart, Seekln8 the
Presente of God in Nature, by Rabbi Jonathan Wittenberg; 'Spifituality - The Inner and Outer Landscape, by Profe55or
Seyyed H055ein Nasr via video-link; 'Dante's Poetic Knowledge, by Andrew Frisardi- 'Petrarch, His Fragments, and the
Mirror of Nature, by Andrew Frisardi, Abrahamic and Indian Spirltual Teaehings.. Similarities and Differences, bv
Professor Ravl Ravindra, Ima8inin8 Kells.. A poetic exploration of the Books of Ke115' by James Harpur The Prince, Ihe
Widow, the Hemilt and their Tree of Life, by Professor Michael Barry The Eleusinian Myseteries A film screening
and Q&A' by Jules Cashford: and 'Silent Muslc: Poetry, Paradox. and Prayer in the Carmelite Tradition, by Catherine
Coldstream.
Three lecturers were invited fmm abroad.. Andrew Frisardi Iltalyl. Ravi Ravindra (Canada). and Michael Barry (Francel,
The two Temen05 Academy Young Scholars Day Pll8rlmages, for 18-35-year-olds, from C3mbrld8e town centre to Ely
Cathedral took place in February and September.
The very successful Study Day, in collaboration with the Harmony Progrèmme of The University of Wales Trinity Saint
Davld, was on the theme 'The Learning of the Imagination.. Openlng the Doors of Perception,. The talks were 'David
Jone5 Amid the Hi115' by Peter Lanyon; 'Enterin8 William Blake's Fourfold Vision. by Susanne Sklar and 'From Oream to
Vision.. Joseph and the UndenNorld' by Martin Shaw.
The summer Study Day on the theme 'Language and Civilisation. at Rudolf Steiner House wa5 an excellent event. The
speakers were Joseph Milne. Hilary Davies, Esmé Partridge and Duane William5.
The seminar courses were Shakespeare's Julius Caesar taught by Dr Joseph Milne130 seminars): and Williom 81akes's
Milton tsught by Dr Valentin Gerlier118 seminars).
The year saw the publication of issue 27 of TemeDOS Academy Review, edited by Professor John Carey, James Harpur
and Hilary Davies. The RevSew is a journal of just under 300 pages. It contain5 articles, poems, book reviews, obituaries
and colour illustrations. The Councll wishes to acknowled8e the support of Professor Kim Samuel who generou51y
finances the publlcation of the Review.
Page 2

THE TEMENOS ACADEMY
REPORT OFTHE TRUSTEES
for the Year Ended 31 December 2024
The Archive sertion of the website was further enlarged by the addltion of more audio and video recordings of the
past lectures.
The Temenos Academy runs the Temenos Academy Young Scholars essay scheme open to anyone 38ed 18-35.
PATRONAGE .
On the death of Her Majesty the Queen and the accession of His Majesty King Charles 111 to the throne in 2023. the
former Prince of Wales ceased to be the Patron of the Temenos Academy. In May 2024 the former Prince of Wales
renewed hls patronaBe of the Temenos Academy as His Majesty King Charles111.
FINANaAL REVIEW
Principal lunding souros
Durin8 the year the charity's principal funding came from general donatlons, donations for specific pmjects,
membershlps, fees for lectures. courses, semlnars and study days, book sales and from Interest payments from Its
5avin85 accounts.
In Ortober 2023 Temenos withdfew Its investments with 8rewin Dolphin and transferred the money to our reEular
bank account. In February 2024 Temenos opened a l-year charlty deposit savln85 account wlth Unlted Trust Bank
which wlll mature In February 2025.
The trustees are extremely grateful for the financlal support the Temenos Academy receives from Professor Kim
Samuel, and from all other donors,. from Sir Alan Parker for allowin8 the free use of rooms at The Lincoln Centre at
Brunswick Group,. from those who have kindly hosted visitin8 speakers,. and from those who have voluntarily given
their time and every to the work of the charity.
RISK MANAGEMENT STATEMENT
The activities of the charity are not complex: they are educational, Ilmited to course5 of study, lectures and seminar
meetings, publications and a website, and the award of the Thetls Blacker Batlk Scholarship. The trustees are aware
that the principal risk to the Temenos Academy is flnancial i.e. the need to secure enough fundlng for its programme
and administration. The main sources of .funding are from its investments, membership. donations (general donations
nd those for specific prolectsl, and fees for courses, lectures and seminars as well as from book sales. The activities of
the charity are limited by an annual bud8et approved by the trustees. The trustees revlew the financial position every
quarter as reported In the mana8ement accounts. and at trustee meetln85.
The chief priorities are-
i. to ensure funding of the pro8ramme and adminisiration of the charity, by monitoring its investments, and
endeavouring to maintaln and build upon its exirting donor base
il, Increasln8 public awareness Df its work and involvin8 new members
iii. renewing and increasing endowment to secure the long-term future of the charlty
The trustees are also aware of the other potential risks and of regulatory requiremen15, monitor them at meetin85 and
have them constantly in mind. The charity has a clear and efficient operating structure. The composition of the Council
and the rest of the organisation is diverse in terms of gender, ethnlcity, and soclal background. The charity has written
policies covering key areas of risk includin8 Privacy and Safeguarding. it has controls over the use of bank accounts
and the payment of fees and expenses; It conducts an annual review of financial controls. It has a detailed, regularly
updated Operating Manual that describes all administrative procedures y) that these are known in the event of a
chan8e in key personnel.
FUTURE PLANS
The trustees look fonvard to continuing with a full programme of lectures, seminars and study days. to fvrther
collaborations wlth other organisations, and to maximising the publlc benefit of the charity.
Page 3

THE TEMENOS ACADEMY
REPORT OF THE TRUSTEES
for the Year Ended 31 December 2024
STRUCTURE, GOVERP4ANCE AND MANAGEMENT
Governin8 document
The charity is controlled by its governing document. a Memordndum & Articles of Association, and constitutes a
limited company, limited by guarantee. as defined by the Companies Art 2006.
Reuuitment and appolntment ol new trustees
The trustees may resolve to appoint new trustees.
Orcanlsatlonal structure
The council controls the charity. Day-to-day administration is in the hands of the administrator who attends meetings
of the Council. The trustees meet pursuant to the Articles, with one meetin8 being the Annual General Meeting. The
Chair liaises wlth the admlnlstrator to oversee the day-to-day running of the charity.
The charity is an educational charity. and the plannin8 of its pro8ramme of lectures, seminars and related publications
is co-ordinated by its Academic Board, a sub-committee of the Council. The Academic Board comprises five trustees,
and five academics one of whom is also the administrator. The members of the Academlc Board who seNed durin8
the year are:
As trustees:
Professor John Cèrev
Ms. Emma Clark
Mrs. Julla Cleave
Ms. Hilary Davles
Professor Grevel Lindop {Chair of the Academic Board)
Othermembers:
Or Joseph Mllne
Dr Jeremy Naydler
Dr Valentin Gerlier
Dr Mark Vernon
Dr Daniel Samuel (who is also the adminlstrator)
The chalr of the Academic Board (who must be a trusteé) gives a report of the programme at meetln8s of the Councll.
Five trustees are also members of ihe Academic 8oard, which further strengthens report5n8 links between the two
bodies,
The Academlc Board may call on the Fellows for advlce or help In plannlng the programme. The Fellows are 35
academics, artists, etc. from around the world. with a broad range of knowledge and experience, who may contribute
to the charity's work. The position of Fellow 15 honorary. New Fellows are proposed by the Academic Board and
confirmed by the Council.
Trustees, members of the Academic Board. and Fellows may be invited to teach in the charlty's programme. Like other
teachers they will be offered an honorarium. travel expenses, subslstence and if appropriate. accommodation.
Induction and training of new trustees
A new trustee will be briefed on their le8al and other obligations prior to being appointed and reminded of thelr
obli8ations at the first trustee meelin8 they attend.
Pa8e 4

THE TEMENOSACADEMY
REPORTOF THE TRUSTEES
for the Year Ended 31 December 2024
REFERENCE AND ADMINISTrATIVE DEfAIiS
egistered Company Number 02994834 (England and Wales}
Re&15tered Charlty Number 1093015
Re£lstered Office
The Brunswick Group
16 Lincoln's Inn Fields
London
WC2A 3ED
Trustees
Professor John Carey
Ms. Emma Clark
Mrs. Julla Cleave
Professor Grevel Llndop
Ms. Hilary Davies
Mr. Vinod B. Tailor, DL,, MBE
Professor Kim Samuel
Mf. lan Skellv
Independent Examlner
Xelnadin (formerly Calcutt Matthews WBZ Ltd,)
Chartered Accountants
19 North Street
Ashford
Kent
TN24 8LF
Bankers
The Co-operative Bank
151-ISS Lewisham High Sireet
London
SE13 6AA
Lloyds Bank plc
P O Box 1000
BXI ILT
Approved by order of the board of trustees on .............03.ia91.2Q25............ and Signed on its behalf by:
Mr I Skelly- Trustee
Page 5

INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF
THE TEMENOS AC4DEMY
Independent examlner's ioport to the trustees of The Temenos Academy ('the Companv,)
I report to the charity trustees on my examination of the accounts of the Company for the yeaf ended
31 December 2024.
Responslbllltles and basls of report
As the charity's trustees of the Company land also its directors for the purposes of company lawl you are responsible
for the preparation of the accounts in accordance with the requirements of the Companies Act 20061'the 2006 Act'l.
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act
and are eligible for independent examination. I report in respect of my examination of your charity's accounts as
carried out under Section 145 of the Charitie5 Act 2011 I'the 2011 Art'l. In carryin8 Out my examination I have
followed the Directions given by the Charity Commission under Section 145(5) Ibl of the 2011 Act.
Independent examiner's statement
I have completed my examination. I conflrm that no matters have come to my attention In connectlon wlth the
examination giving me cause to believe..
accountin8 records were not kept In respert of the Company as required by SectSon 386 of the 2006 Art: or
the accounts do not accord with those records,. or
the accounts do not comply with the accountln8 requirements of Sertlon 396 of the 2006 Act 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. or
the accounts have not been prepared in accordance wlth the methods and principles of the Statement of
Recommended Prnctice for accounting and reporting by charities (applicable to charities preparing their
accounts in atcordance with the Financial Reportlng Standard applicable in the UK and Republic of Ireland {FRS
10211.
I have no concems and have come across no other matters in connertion with the examinatlon to which attention
should be drawn In thls report in order to enable a proper understandln8 of the accounts to be reached.
Rosanna Turner ACA DChA
The Institute of Chartered Accountants in England and Wales
Xelnadin South East Ltd
19 North Street
Ashford
Kent
TN24 8LF
Date.. 03.09,2025
Page 6

THE TEMENOS ACADEMY
STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024
31.12.24
Totsl
funds
31.12.23
Total
funds
Unrestricted
funds
Restricted
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacie5
38,200
38,200
80.918
Charitsble activities
Lectures
Books and Pamplets
Temenos Academy Revlew
3,678
3.678
8,839
1,7S7.
829
630
630
Foundation Courses
Investment income
19,246
19,246
1,485
4,994
11,204
1,485
Totsl
43,363
19,876
63,239
108,541
EXPENDITURE ON
Ralslng funds
2,234
10,953
13,187
17,30S
Charltable artlvltles
Lecture5
Books and Pamplets
Temenos Academy RevSew
46,618
46,618
90.497
2,538
16,266
11,667
11,667
Other
8,459
8,459
Total
57,311
22,620
79,931
133,950
Net 8ains/llossesl on investments
119,3551
NET INCOME/{EXPENOITURE)
113,9481
12,7441
116,6921
144.7641
RECONCIIIATION OF FUNDS
Total funds brou8ht forward
258.867
17,412
276,279
321,043
TOTAL FUNDS CARRIED FORWAIID
244,919
14,668
259,587
276,279
The notes fomi part of these financial statements
Page 7

THE TEMENOS ACADEMY
BALANCE SHEET
31 December 2024
31.12.24
Total
funds
31.12.23
Total
funds
Unrestricted
funds
Restricted
funds
Notes
CURRENT ASSErs
Prepayments and accrued income
Cash at bank and in hand
325
248.436
325
268.052
342
299.051
19,616
248,761
19,616
268.377
299,393
CREDITORS
Amounts fallin8 due withln one year
io
13.8421
13.8421
13.9051
NET CURRENT ASSETS
244.919
19,616
264.535
295,488
TOTAL ASSEfs LESS CURRENT UABILMES
244,919
19,616
264.535
295,488
ACCRUALS AND DEFERREO INCOME
li
14,9481
14.9481
{19,2091
NEf ASSEfS
.244,919
14,668
259.587
276.279
FUNDS
Unrestrirted funds
Restricted funds
12
244,919
14,668
258,867
17,412
TOTAL FUNDS
259.587
276,279
The charitable company Is entitled to exemption from audlt under Sectlon 477 of the Companles Act 21)06 for the year
ended 31 December 2024.
The members have not required the company to obtaln an audlt of its financial statements for the year ended
31 December 2024 in accordance with Section 476 of the Companies Act 21)06.
The trustees acknowledge their responsibllities for
la}
ensuring that the charitable company keeps accounting records ihat comply with Sections 386 and 387 of the
Companies Art 2006 and
preparing financlal statement5 which give a true and fair view of the state of affairs of the charltable companv
as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the
requlrements of Sertions 394 and 395 and which otherwise comply with the requirements of the Companies
Act 2006 ￿latIng to financial statements, so far as applicable to the charitable companv.
The notes form part of these financial statements
Pa8e 8
continued...

THE TEMENOS ACADEMY
BALANCE SHEET- continued
31 December 2024
These financial statements have been prepared in accordance with the provisions applicable to charitable companies
subject to the small companies regime.
The financial statefflents were approved by the Board of Trustees and authorised 'for issue
. and were signed on its behalf by:
on
Mr I Skelly- Trustee
The notes form part of these financlal st3temeiits
Page 9

THE TEMENOS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 December 2024
ACCOUNTING POLICIES
Basis of preparing ihe financlal statements
The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been
prepared in accordance wlth the Charlties SORP IFRS 102} 'Accountin8 and Reporting by Charlties.. Statement
of Recommended Practice applicable to charitie5 preparing their accounts in accordance with the Financial
Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffective l.January 20191., Financial
Reportin8 Standard 102 The Financial Reportin8 Standard applicable in the UK and Republic of Ireland, and the
Companies Act 2006. The financial statements have been prepared under the historical cost conventlon.
Income
All Income is recognised in the Statement of Financial Actlvities 'once the charity has entitlement to the funds,
it is probable that the income will be received and the amount can be measured reliably.
Expendllure
Liabilities are recognised as expenditure as soon as there is a le8al or constructive obligation committing the
charity to that expenditure, it is probable that a transfer of econornlc benefits will be required in settlement
and the amount of the obll8ation can be measured reliably. Expenditure is accounted for on an accruals basi5
and has been classifled under headln8S that 388re8ate all cost related to the category. Where costs cannot be
directly attributed to particular headin85 they hwe been allocated to activlties on a basis conslstent with the
Use of resources.
Allocatlon and apportlonment of wsts
Support costs are allocated pro rata.to the percentage of cost of the activity.
T•n8lble Ilxed assets
Depreciation is provided at the following annual rdtes in order to write off each asset over its estimated useful
lrfe.
Fixtures and flttlngs
25% on cost,
Taxatlon
The charity Is exempt from corporatlon tax on Its charitable activltles.
Fund accountlng
Unrestricted funds can be used in accordance wlth the charltable objective5 at the dlscretlon of the trustees.
Restrlcted funds can only be used for particular restricted purposes within the objects of the charltv.
Restrlctions arlse when specified by the donor or when funds are rnised for particular restrirted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial
. ststements.
Investments
The investment portfolio is managed by external fund managers. Gains and losses arising during the year from
cquisition5 and disp05als of investments are taken to the income and expenditure account. The investments
are stated in the accounts at market value a5 at the balance sheet date. Unrealised gains arising on the
revaluation of the investments are are not accounted for as income in the income and expenditure account,
but are included in the balance Sheet 35 a revaluation reserve. They are also shown on the Statement of
Financial Activltles as Other Recognised Gains and Losses.
Page 10
continued...

THE TEMENOS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
DONATIONS AND LEGACIES,
31.12.24
31.12.23
Donations
38,200
80,918
FOUNDATION COURSES
31.12.24
31.12.23
Foundation Courses
19,246
4,994
INVE5fMENT INCOME
31.12,24
31.12.23
Dep051t account interest
, Investment portfolio
1.485
176
11,028
1,485
11,204
RAISING FUNDS
31.12,21
31,12.2020
Portfolio Management
Fundraiser
Other
4,654
5.020
15,016
11,480
SUPPORT C05T5
Management
2023
2022
Admlnlstratlve Servlces
Lecturer Fees/Expenses/Accommodation
Seminar Fees/Expenses/Accommodation
Office Supplles and Photocopies
50,536
6,788
2.050
51,480
5.834
3.437
905
59,8S6
61,656
Page 11
continued...

THE TEMENOS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
NEf INCOMEI(EXPENDITUREI
Net Incomellexpenditurel Is stated after charging/lcreditln8}'.
31.12.24
31.12.23
Auditors, remuneration
3,409
3,562
TRusfEES' REMUNERATION AND BENEFITS
There were no trustees, remuneration or other benefits for the year ended 31 December 2024 nor for the year
ended 31 December 2023.
Trustees, expenses
Expenses claimed are for trustee travel to and from meetings of the Trustees and Academlc Board. £600 12023-
£9251 was pald In travel expendlture for the year to 31 December 2024.
TANGIBLE FIXED ASSETS
Fixtures
and
rittings
COST
At l January 2024 and 31 Decernber 2024
1,281
DEPRECIATION
At l January 2024 and 31 December 2024
1,281
NEf BOOK VALUE
At 31 December 2024
At 310ecember 2023
Page 12
continued..

THE TEMENOS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
io.
CREDITOR5: AMOUNTS FALLING DUE WITHIN ONE YEAR
31,12.24
31.12.23
Trade creditors
Accrued expenses
520
3.385
3,842
3,842
3,905
ii.
ACCRUALS AND DEFERRED INCOME
31.12.24
31.12.23
Accruals and deferred Income
4,948
19,209
12.
MOVEMENTIN FUNDS
Net
movement
In funds
At
31.12.24
At 1.1.24
Unrestrlrted funds
General fund
Revaluation reserve.
233,001
25,866
{13,948)
219,OS3
25,866
258.867
113.9481
244,919
Restrlcted lunds
Temenos Academy Review
Foundation Course
. 24,502
{7.0901
111,0371
8,293
13.465
1,203
17.412
12.7441
14,668
TOTAL FUNDS
276,279
116,6921
259,587
Net movement In funds, included in the above are as follows,.
Incoming
resource5
Resources
expended
Movement
In funds
Unrestrirted funds
General fund
43.363
157.3111
113.948}
Restrlrted lunds
Temenos Academy Review
Foundation Course
630
19,246
111,6671
110,9531
111,0371
8,293
19.876
122,6201
12,7441
TOTAL FUNDS
63.239
179.9311
{16,6921
Page 13
continued...

THE TEMENOS AC40EMY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
12.
MOVEMENT IN FUNDS- continued
Compardtl¥es for movement In funds
Net
movement
in funds
Transfers
between
funds
At
31.12.23
At 1.1.23
Unreslrlcted funds
General fund
Revaluation reserve
29S.474
25,866
156,4341
16.0391
233.001
25,866
321.340
156.4341
16,039)
258,867
Restrlrted lunds
Temenos Academy Review
Foundation Course
5,742
16,0391
18.760
17.0901
24,S02
17,090)
6,039
12971
11.670
6,039
17,412
TOTAL FUNOS
321,043
144,7641
276,279
Comparative net movement in funds, included In ihe above are as follows:
Incoming
resources
Resources
expended
Gains and
105ses
Movement
n funds
UnreslrSrted funds
General fund
67.948
{105.0271
119.3551
156,4341
Aestrlrted funds
Temenos Academy Review
Foundation Course
35,564
5,029
116,8041
(12.1191
18,760
17.0901
40,593
128.9231
11.670
TOTAL FiINDS
108,541
1133,9501
119,355)
144,7641
Pa8e 14
continued...

THE TEMENOS ACADEMY
NOTES TO THE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
12..
MOVEMENT IN FUNDS- contlnued
A cuirent year 12 months and prior year 12 Months combined position is as follows..
Net
movement
in funds
Transfers
between
funds
At
31.12.24
At 1.1.23
Unrestrlrted funds
General fund
Revaluation reserve
295,474
25.866
170,3821
16,0391
219,053
25,866
321.340
170,382)
16,0391
244,919
Rastricted funds
Temenos Academy Review
Foundation Cour
5.742
16.0391
7.723
1,203
13,465
1,203
6,039
12971
8.926
6.039
14,668
TOTAL FUNDS
321.043
161.4561
259,587
A current year 12 months and prior year 12 months combined net movement In funds, included in the above
are as follows.,
Incomin8
resources
Resources
expended
Gains and
1055es
Movement
In funds
Unrestrlrted fvnds
General fund
111.311
{162.338}
119,3551
170,382)
Restrlcted funds
Temenos Academy Review
Foundation Course
36,194
24,27S
128,471}
123,072)
7,723
1.203
60.469
151.5431
8,926
TOTAL FUNDS
171,780
1213,8811
(19,3551
{61,4561
Purposes of unreslrlcted fvnds
The General Fund covers the costs of the Academy's primary activitie5 ID the furtherance of its objects, namelv
lertures, publications and recordin85. It also covers the Academy's management and admlnlstratSon costs.
Purposes of restrlcted funds
Temen05 Academy Review
Contributions received towards the editorial and publlcatlon costs of the Temenos Academy Review journal.
Miscellaneous Projects
This represents the residual balances of restricted grants and donations on a number of projects.
Lecture SponsO￿h1pS
Page 15
continued...

THE TEMENOS ACADEMY
NOTES TOTHE FINANCIAL STATEMENTS- continued
for the Year Ended 31 December 2024
MOVEMENT IN FUNDS- ￿TrtInued
Contributions specifically donated tovtsrds the costs of Temenos lectures.
Foundation Course
Fees and costs specifically relatin8 towards the foundatlon course opernted by the Temenos Academy.
13.
RELATED PARTY DISCLOSURES
During the year to 31 December 2024, Ms E Clark received £4.ocKI for her role as Foundation Course Re8lStrar
{2023,' £4,028>.
Page 16

THE TEMENOS ACADEMY
DEfAILED STATEMENT OF FINANCIAL ACTIVITIES
for ihe Year Ended 31 December 2024
31.12.24
31.12.23
INCOME AND ENOOWMENTS
Donatlons and leca¢le$
Donations
38,200
80,918
Foundation Courses
Foundation Courses
19.246
4,994
Invertment In¢om•
Deposit account interest
Investment portfolio
1,485
176
11,028
1.485
11.204
Charltsble actlvltles
Lectures and semlnars
Book and pamphlet sales
Temenos Academy Revlew sales
2,852
826
630
8,839
1,877
709
4,308
11,425,
Totsl In¢omln8 resources
63,239
108,541
EXPENDITURE
Ralslng donatlons and legacl•s
Website costs
Harmony Programme
104
2,130
410
2.109
2,234
2.519
Other trading artlvltles
Foundation Courses
10,953
12,119
Investment management ¢0st$
Portfolio manaEernent
2.667
Charltable artl¥ltles
Establishment
Office expenses
Publications
Sponsorship
530
12,511
11,643
16.804
2,IXIO
11.667
21.197
42.958
This page does not form pèrt of the statutory financial statement5
Pa8e 17

THE TEMENOS ACADEMY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES
for the Year Ended 31 December 2024
31.12.24
31.12.23
Charitable artivities
Other
Travel
Insurance
Bank charges
Office expenses
Establishment- rent
463
411
347
925
5,198
429
113
514
4,045
5,101
7,344
Support costs
Management
Professional
35,596
60,505
Governance costs
Audltors, remuneration
Accountancy and legal fees
3.409
1,441
3,562
2,276
4,850
5,838
Totsl resources expended
79,931
133,950
Net expendilure before Balns and10sses
116,6921
{25,4091
Reallsed veco£n15ed galn5 and loss
Realised gainslllosses) on fixed asset
investments
{19,3551
Net expendlture
116,6921
{44,764)
Thls pa8e does not form part of the ststutory fiTrancial statements
Page 18