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2024-06-30-accounts

Trustees’ Annual Report for the period

From 01/07/2023 Period start date To 30/06/2024 Period end date

Charity name:The Tritatna Buddhist Community (Colchester)

Charity registration number:1046724

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document
Para 1.17 Advancement of the buddhist religion by
encouraging members and others to live in
accordance with the teaching of the
Buddha and by supporting the teaching
work of Order Members of the Triratna
Buddhist Order and other duly ordained
buddhists
Summary of the main activities
in relation to those purposes
for the public benefit, in
particular, the activities,
projects or services identified
in the accounts.
Para 1.17 and 1.19 Teaching meditation and buddhism at
public classes 4 times a week and
running/supporting outreach groups.
Training members and others towards
ordination in the Triratna Buddhist Order.
Providing facilities for Buddhist worship.
Organising weekend retreats for women
(twice a year), for men (once a year) and for
joint groups (twice a year).
Statement confirming whether
the trustees have had regard to
the guidance issued by the
Charity Commission on public
benefit
Para 1.18 The trustees have paid due regard to the
Charity Commission guidance on public
benefit.

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38
Policy on social investment
including program related
investment
Para 1.38
Para 1.38 The centre is run by volunteers and all ALL
All teaching activity is carried out on a
Contribution made by
volunteers
volunteer basis.
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to the
circumstances of its
beneficiaries and any wider
benefits to society as a whole.
Para 1.20 Our weekly open classes offer training in
meditation and education in the priniciples
of leading a buddhist life, enabling people
work with their life situations in a postive
and constructive way.
For those who wish to go deeper into the
Buddha's teaching we offer a pathway that
can lead to Ordination in the Triratna
Buddhist Order.

Additional information (optional)

You may choose to include further statements where relevant about:

Achievements against
objectives set
Para 1.41
Performance of fundraising
activities against objectives set
Para 1.41
Investment performance
against objectives
Para 1.41
Other

Financial Review

Financial Review
Review of the charity’s
financial position at the end of
the period
Para 1.21 The charity is in a sound financial position
with annual income continuing to exceed
expenditure.
Statement explaining the policy
for holding reserves stating
why they are held
Para 1.22 The policy on reserves is to hold sufficient
funds to meet any likely expenses falling
due in the event of the charity having to
wind up its affairs.
Amount of reserves held Para 1.22 2500
Reasons for holding zero
reserves
Para 1.22
Details of fund materially in
deficit
Para 1.24 None
Explanation of any
uncertainties about the charity
continuing as a going concern
Para 1.23 There are no uncertainties about the ability
of the charity to continue operating.

Additional information (optional) You may choose to include further statements where relevant about:


The charity’s principal sources
of funds (including any
fundraising)

Para 1.47

Voluntary donation
Investment policy and
objectives including any social
investment policy adopted
Para 1.46
A description of the principal
risks facing the charity
Para 1.46 The charity relies on voluntary donations
and so is at risk to a general downturn in
economic circumstances that would affect
people’s ability to make donations.
Other

Structure, Governance and Management

Description of charity’s trusts:
Type of governing document
(trust deed, royal charter)
Para 1.25 Constitution
How is the charity constituted?
(e.g unincorporated
association, CIO)
Para 1.25 Unincorporated Association
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of any
person or body entitled to
appoint one or more trustees
Para 1.25 Trustees are elected by members of the
charity

Additional information (optional)

You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name Triratna Buddhist Community (Colchester)
Other name the charity uses
Registered charity number 1046724
Charity’s principal address 2 Portland Road
Colchester
Essex CO2 7EH

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Names of the charity trustees who manage the charity

Names of the charity trustees who
manage the charity
Trustee name Office (if any)
1 Raymond Force Chair
2 Caroline Bond Treasurer
3 Rakish Rose Trustee
4 Robert Diamond Trustee
5 Michael Mills Safeguarding trustee
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20

– Corporate trustees names of the directors at the date the report was approved

Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held
in this capacity
n/a
Name and objects of the
charity on whose behalf the
assets are held and how this
falls within the custodian
charity’s objects
n/a
Details of arrangements for
safe custody and segregation
of such assets from the
charity’s own assets
n/a

Additional information (optional)

Names and addresses of advisers (Optional information)

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Type of adviser Name

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

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Other optional information

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Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

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Signature(s) Full name Raymond Lawrence Force Position (eg Secretary, Chair, etc) Chair Date 30/06/24

Section B Balance sheet

Guidance Notes
Fixed assets
Intangible assets (Note 15)
B01
Tangible assets (Note 14)
B02
Heritage assets (Note 16)
B03
Investments (Note 17)
B04
Total fixed assets
B05
Current assets
Stocks (Note 18)
B06
Debtors (Note 19)
B07
Investments (Note 17.4)
B08
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
B14
Provisions for liabilities
B15
Total net assets or liabilities
B16
Funds of the Charity
Endowment funds (Note 27)
B17
B18
Unrestricted funds
B19
Revaluation reserve
B20
Total funds
B21
signed
Creditors: amounts falling due within
one year (Note 20)
Creditors: amounts falling due after
one year (Note 20)
Restricted income funds (Note 27)
Signed by one or two trustees on behalf of all
the trustees
Guidance Notes
Fixed assets
Intangible assets (Note 15)
B01
Tangible assets (Note 14)
B02
Heritage assets (Note 16)
B03
Investments (Note 17)
B04
Total fixed assets
B05
Current assets
Stocks (Note 18)
B06
Debtors (Note 19)
B07
Investments (Note 17.4)
B08
Cash at bank and in hand (Note 24)
B09
Total current assets
B10
B11
Net current assets/(liabilities)
B12
Total assets less current liabilities
B13
B14
Provisions for liabilities
B15
Total net assets or liabilities
B16
Funds of the Charity
Endowment funds (Note 27)
B17
B18
Unrestricted funds
B19
Revaluation reserve
B20
Total funds
B21
signed
Creditors: amounts falling due within
one year (Note 20)
Creditors: amounts falling due after
one year (Note 20)
Restricted income funds (Note 27)
Signed by one or two trustees on behalf of all
the trustees
£
£
F01
F02
Unrestricted
funds
Restricted
income
funds
£
£
F01
F02
Unrestricted
funds
Restricted
income
funds
£
F03
Endowment
funds
£
F04
Total this
year
£
F05
Total last
year
- - - - -
258,092 - - 258,092 258,092
- - - - -
- - - - -
258,092 - - 258,092 258,092
- - - - -
5,762 - - 5,762 5,925
- - - - -
22,642 - - 22,642 16,279
28,404 - - 28,404 22,204
20,591 - - 20,591 24,680
7,813 - - 7,813 -2,476
265,905 - - 265,905 255,616
- - - - -
- - - - -
265,905 - - 265,905 255,616
- -
-
265,905
-
-
- - -
265,905 255,616
265,905 - - 265,905 255,616
Signature Print Name Date of
approval
dd/mm/yyyy
signed Raymond Force 17/01/25

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:

The charity constitutes a public benefit entity as defined by FRS 102.*

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support not applicable the conclusion that the charity is a going concern; Disclosure of any uncertainties that make the not applicable going concern assumption doubtful; Where accounts are not prepared on a going not applicable concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes
No
x ~~*~~-Tick as appropriate

Please disclose:

(i) the nature of the change in accounting policy; (ii) the reasons why applying the new accounting policy provides more reliable and more relevant information; and (iii) the amount of the adjustment for each line affected in the current period, each prior period presented and the aggregate amount of the adjustment relating to periods before those presented, 3.44 FRS 102 SORP.

1.4 Changes to accounting estimates

No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).

Yes
No
~~*~~-Tick as appropriate
x

Please disclose:

(i) the nature of any changes;

(ii) the effect of the change on income and expense or assets and liabilities for the current period; and

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes
No
~~*~~-Tick as appropriate
x

Please disclose:

(i) the nature of the prior period error;

(iii) the amount of the correction at the beginning of the earliest prior period presented in the accounts.

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

PRACTICE
Please provide a description
of the nature of each change not applicable
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
period
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated

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Section C Notes to the accounts (cont)

Note 5 Donated goods, facilities and services

Seconded staff
Use of property
Other
Thisyear This year
Last year
£
£
This year
Last year
£
£
n/a n/a
n/a n/a
n/a n/a
- -
Lastyear
Please provide details of the
accounting policy for the recognition
and valuation of donated goods,
facilities and services.
Please provide details of any unfulfilled
conditions and other contingencies
attaching to resources from donated
goods and services not recognised in
income.
Please give details of other forms of
other donated goods and services not
recognised in the accounts, eg
contribution of unpaid volunteers.

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Section C Notes to the accounts (cont)

Note 11 Paid employees Please complete this note if the charity has any employees.

11.1 Staff Costs

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits
Total staff costs
This year:
Last year:
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
Please provide details of expenditure on staff working for the
charity whose contracts are with and are paid by a related party
This year
£
Last year
£
4,576 11,843
- -
- -

4,576
11,843
nil
nil

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer
pension costs) for the reporting period of more than £60,000
correct correct
Band Number of employees
This year
-
Last year
-
£60,000 to £69,999
£70,000 to £79,999 - -
£80,000 to £89,999 - -
£90,000 to £99,999 - -
£100,000 to £109,999 - -
Please provide the total amount paid to key management
personnel (includes trustees and senior management) for their
services to the charity. For specific amounts paid to trustees, see
Note 28.
Thisyear Lastyear
£ £
nil
nil

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11.2 Average head count in the year The parts of the charity in which the employees work

This year
Number
Last year
Number
Fundraising - -
Charitable Activities 1 1
Governance - -
Other - -
Total
1
1

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

This year nil Last year nil

Please state the legal authority or reason for making the payment

This year n/a Last year n/a

Please state the amount of the payment (or value of any waiver of
a right to an asset)
Thisyear Lastyear
£
nil
£
nil

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11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

Total amount of payment
The extent of redundancy funding at the balance sheet date
The nature of the payment (cash, asset
etc.)
Please state the accounting policy for any redundancy or
termination payments
Thisyear Lastyear
£
nil
£
nil
Thisyear Lastyear
£
-
£
-

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Section C Notes to the accounts (cont)

Note 17 Investment assets

Please complete this note if the charity has any investment assets.

17.1 Fixed assets investments (please provide for each class of investment)

Less: impairments
Add: Reversal of impairments
Carrying (fair) value at end of year
Carrying (fair) value at beginning of
period
Add:additions to investments during
period
Less:disposals at carrying value
Add/(deduct):transfer in/(out) in the
period
Add/(deduct):*net gain/(loss) on
revaluation
Cash & cash
equivalents

Listed
investments
Investment
properties
Social
investments
Other Total
- -
-
- - -
- -
-
- - -
- -
-
- - -
- -
-
- - -
- -
-
- - -
- -
-
- - -
- -
-
- - -
- -
-
- - nil

*Please specify additions resulting from acquisitions through business combinations, if any.

Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.

17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.

This year: Analysis of investments


Analysis of investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
Grand total (Fair value at year end+Cost less impairment)
Other investments
Fair value at year end Cost less impairment
£ £
- -
- -
- -
- -
- -
nil nil
nil

Last year: Analysis of investments

Analysis of investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
Grand total (Fair value at year end+Cost less impairment)
Fair value at year end Cost less impairment
£ £
- -
- -
- -
- -
- -
nil nil
nil

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17.3 If your charity holds investment properties, please complete the following note:

(i) Explain the methods and significant assumptions in
determining the fair value of investment property held by the
charity
(ii) Name or independent valuer, if applicable, and relevant
qualifications
(iii) Provide details of any restrictions on the ability to realise
investment property or on the remittance of income or
disposal proceeds
(iv) Explain any contractual obligations for the purchase,
construction or development of investment property or for
repairs, maintenance or enhancements
Thisyear Lastyear

17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.

Analysis of current asset investments
Cash or cash equivalents
Listed investments
Investment properties
Social investments
Total
This year Last year
£ £
- -
- -
- -
- -
- -
nil nil

17.5 Guarantees

Please explain how the guarantee furthers the charity's aims
Please provide details and amount of any guarantee made to
or on behalf of a third party
Name of the entity or entities benefitting from those
guarantees
Thisyear Lastyear

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17.6 Concessionary loans


Amounts payable within 1 year
Amounts payable after more than 1 year
Amounts receivable within 1 year
Amounts receivable after more than 1 year
17.7 Additional information
Amount of concessionary loans made (Multiple
loans made may be disclosed in aggregate provided
that such aggregation does not obsure significant
information).
Amount of concessionary loans received(Multiple
loans received may be disclosed in aggregate
provided that such aggregation does not obsure
significant information).
Terms and conditions eg interest rate, security
provided
Value of any concessionary loans which have
been committed but not taken up at the reporting
date
Please provide information about the significance
of investments to the charity's financial position
or performance eg. terms and conditions of loans
or the use of hedging to manage financial risk.
For all investments measured at fair value, the
basis for determining the value, including any
assumptions applied when using a valuation
technique.
Where a charity has provided financial assets as a
form of security, the carrying amount of the
financial asset pledged as security and the terms
and conditions relating to its pledge.
Description Description This year £ Last year £
- -
- -
- -
- -
Total nil nil
Description
This year £ Last year £
- -
- -
- -
Total nil nil
This year Last year
Thisyear Lastyear

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CC17a (Excell li 0112912025

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)
Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other TOTAL
£ £ £ £ £
n/a - - - - -
- - - - -
- - - - -
- - - - -

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Name of trustee Legal authority (eg
order, governing
document)
Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value Amounts paid or benefit value
Remuneration Pension
contribution
Redundancy
(including
loss of
office)/ex
gratia
Other TOTAL
£ £ £ £
n/a - - - - -
- - - - -
- - - - -
- - - - -

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

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28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

enter "False".
No trustee expenses have been incurred (True or False) TRUE
Type of expenses reimbursed This year Last year
£ £
Travel -
-
Subsistence -
-
Accommodation -
-
Other (please specify): -
-
-
-
TOTAL - -

Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)

TRUE

Name of the trustee or
related party

Relationship
to charity
Description of the
transaction(s)
Amount Balance at
period end
Provision for bad debts
at period end

Amounts
written off
during
reporting
period
£ £ £ £

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

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Last year

There have been no related party transactions in the reporting period (True or False)

TRUE

Name of the trustee or
related party

Relationship
to charity
Description of the
transaction(s)
Amount Balance at
period end
Provision for bad debts
at period end

Amounts
written off
during
reporting
period
£ £ £ £

In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.

For any related party, please provide details of any guarantees given or received.

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Section C Notes to the accounts (cont)

Note 29 Additional Disclosures

The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.

None

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Independent examiner's report on the accounts

Section A Independent Examiner’s Report ~~a~~ Report to the trustees/ Triratna Buddhist Community (Colchester) members of

06/30/24 1046724 On accounts for the year ended Charity no (if any) ~~ee ee~~ Set out on pages 1&2 (remember to include the page numbers of additional sheets) ~~SP~~ I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 30/06/2024.

Responsibilities and basis of As the charity trustees of the Trust, you are responsible for the report preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention (other than that disclosed below *) in connection with the examination which gives me cause to believe that in, any material respect:

1 accounting records were not kept in accordance with section 130 of the Act or 2 the accounts do not accord with the accounting records

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. * Please delete the words in the brackets if they do not apply.

Signed: C D Petts 25/01/2025 Date: ~~Po~~ Name: Christopher Donald Petts

Relevant professional qualification(s) or body (if any):

Address:

7 Delamere Road Colchester Essex CO4 0NH

October 2018

1

IER

Section B Disclosure

Only complete if the examiner needs to highlight matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).

Give here brief details of any None items that the examiner wishes to disclose .

2