## **Cardiff Buddhist Centre Chairs report for the year May 1[st] 2022 to April 30th 2023** Our main vehicle for the advancement of the Buddhist religion is the Cardiff Buddhist Centre. At the moment we continue to teach Buddhism and meditation to the public and members attending the Centre - we offered beginners courses in Buddhism and meditation - we offered on-going classes in Buddhism - we offered study for mitras and those who have asked for Ordination into the Triratna Buddhist Community - we offered day and weekend retreats, festival days and other events - we offered meditation classes weekly for people who want to learn to meditate and relieve stress. - we continued to host school visits There are **54** mitras, **29** of whom have asked for Ordination into the Triratna Buddhist Order. ## **Significant events during the year were:** - The centre was fully open for activity post the Covid 19 pandemic - In the interests of diversity and widening access – we offered a small number of online courses/classes. These were well attended. - We had five new mitras. This is a sign of health for the Buddhist centre and shows the success of having a considered pathway of teaching to deepen understanding. This includes a year-long foundation course to help people to decide if they wish to become mitras. - We held a B and B event with Stroud sangha. A B and B event is when members of one sangha (Stroud) come and stay with our sangha, are put up with ‘Bed and Breakfast’ and attend a weekend event at the centre. This was successful in deepening the friendship between the two sanghas. - Our new centre and yoga studio manager continued to work well and be a key part of the centre running smoothly. Although yoga studio bookings are slow post pandemic, the income has doubled in the last year. - One notable success is that of the young people’s sangha (under 35) which has grown from 0 during the pandemic to about 10 members. This is thanks to the effort of two mitras who organise monthly speakers with a ‘check in and chat’ event in-between. - We continue to offer Welsh language Dharma classes online (the only Buddhist Centre in Wales to do this). We have been successful in gaining funds to buy professional audio visual equipment and translate teaching materials. Many thanks to the Welsh language team for their efforts in doing this. - Vajragupta, our President made his yearly visit to the centre. He started by teaching a day retreat that bought the sangha together, new and old members. He also met with a number of members of the sangha. - We continued to hold mandala evenings but also innovated and started a regular Sunday morning practice session, a Friday night ‘Meditation and Conversation’ evening and a film night. - A number of visiting teachers came to the centre. - We continued to adopt the Triratna Buddhist Community safeguarding policies and held a safeguarding training event so that policies were made real with scenarios and examples. - We continue to engage the services of a professional book keeper - In September, the Chair announced to members of the Triratna Order that she was unsure she wanted to continue as Chair. An Order day followed, facilitated by the centre President. It was clear from this day that Covid had made a big impact on the community including the Chair who had struggled during this period. Early in 202,3 the Chair wrote to the Trustees and community to say she would be stepping down as Chair in the summer of 2023. Trustee meetings followed to discuss interim arrangements before a new Chair could be found, with guidance from the centre President. - Regular Order days, to facilitate communication have been arranged. - The Chair reduced her hours by a half day thereby causing a saving to the Buddhist Centre. Our financial position improved, but remains challenging: - Our **income increased by £9,682** – this is driven by both an uptake in Yoga Studio bookings (one of our main sources of income) and an increase in Dana. - Our **expenditure decreased by £2,900** – the main driver of this is that our repair and maintenance costs had been exceptionally high in the previous year. Our net assets decreased from £164,685 to £160,198 over the period (although our real assets are significantly higher as the property at 12, St. Peters Street is in the Balance Sheet at cost not market value). Our accounts show a **deficit of £4,487** but we are still able to pay our liabilities without difficulty. We hold 3 months of operation costs, approximately £15,000, as stated in our reserves policy. Our members continue to support and teach classes at the centre on a voluntary basis, and we are very grateful to them for this. The centre is supported by a large number of volunteers to help it run effectively. One person is supported full time and a second supported part time The Centre is a registered place of worship. ## **Declaration** The trustees have read and approved the above report as an accurate record of our year’s activities. Signed: Joanna Blomfield Dated: 13/02/24 ## **Charity trustees** |Joanna Blomfield|Chairwoman|1stMay 2022 – 30thApril 2023| |---|---|---| |(Chair from 21stSeptember 2018)||| |Jenny Franks|Trustee|1stMay 2022 – 30thApril 2023| |Marc Buehner|Treasurer|1stMay 2022 - 30thApril 2023| |Katherine Chaloner|Trustee|1stMay 2022 – 30thApril 2023| |Sue Yeo|Secretary|1stMay 2022 – 30thApril 2023| |Andy Gorno|Trustee|1stMay 2022 – 30thApril 2023| |Maurice Carey|Trustee|20thJan 2022- 30thApril 2023| |Paul Mason|Trustee|20thJan 2022- 30thApril 2023| ## **AIMS AND OBJECTIVES OF THE CHARITY** The object of the Friends of the Triratna Buddhist Community ( South Wales) is the advancement of the Buddhist religion, in particular: 1. To encourage members to live in accordance with the teachings of the Buddha. 2.To support ordained members of the Triratna Buddhist Order and other duly ordained Buddhists, at the discretion of the Council of the Triratna Buddhist Community (South Wales). 3. To Maintain close communication with, and work under the guidance of the Triratna Buddhist Order and in co-operation with other groups with the same objectives. ## **BANK** The Co-operative Bank PLC, PO Box 250, Skelmersdale, WN8 6WT Triratna Buddhist Community (South Wales) Accounts and Annual Report th For the year ended 30 April 2023 Charities Registration No 1069536 Charitie5 Registration No. 1069536 TRIRATNA BUDDHIST COMMUNITYISOUTH WALES) BALANCE SHEET AS AT 30 APRIL 2023 2023 2022 ASSETS Flxed Assets Property at Cost Furniture and Fixtures Depreciation Office Equipment Devotional Objects Library= Books,Audio,etc Sub Total 117,545 1,088 12931 1,262 5,194 117,545 1,088 1,175 5,194 128 161 128 367 CURRENT ASSETS 8ank Current Account COIF Charities Account Paypal Petty Cash Stock-BooklGiftshop Debtors and Prepayrnents Sub Total 5,214 20,686 2,902 169 2,471 9,653 20,267 2,564 169 2.004 TOTAL ASSET5 TOTAL ASSETS brought forward 16Z 206 LIABILITIES Creditors and Accruals 2,008 909 NET ASSETS REPRESENTED BY: Capital Loss for the year 164,685 187,886 23 2011 Charities Registration No. 1069536 TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) th INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 APRIL 2023 2023 2022 INCOME Centre Events Classes Courses-.Buddhism. Meditation Retreats School Visits Sub Total 2,203 4,473 5,232 6,720 3,045 832 Donations Standing Orders Gift Aid Sundryl Fund Raising Event5 General Donations Sub Total 14,162 2,695 251 14,262 1,779 Other Incom Room and Yoga Studio Hire Sales- Books/Gifts Bank Deposit Interest Film Nights Gift Shop Sales Uncategorlsed Income Translatlon Fund Government Grants Job Retention Scheme Grants Sub Total 9,237 829 4,653 413 15 419 476 2,073 40 2,000 TOTAL INCOME Charities Registration No. 1069536 TRIRATNA 8UDDHIST COMMUNITY (SOUTH WALES) th INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 APRIL 2023 2023 2022 EXPENDITURE Administration Advertising and Publicity Telephone Household/Shrine Printing, Postage and Stationery Office Equipment Leasing Computer Expenses Bank/Paypal/lzettle Charges Legal and Professional/Licence Bookkeeping Small Equipment Other 226 137 605 307 295 324 71 233 330 1,480 167 72 1,281 291 1,272 239 I,iii 56 262 169 Sub Total Prernlses Insurance Water Li8ht and Heat Repairs and Maintenance Council Tax SecLtritv Waste Sub Total 1,276 139 214 1.953 345 2,200 5,418 53 499 226 260 179 Other Ex Purchase of Stock Retreats- Hire of Premises Retreats- Expenses Vi51tors Travel. Expenses,etc Depreciation Sundry Sub Total enses 1,021 702 840 275 714 229 191 206 92 Charities Registration No. 1069536 TRIRATNA BUODHIST COMMUNITY150UTH WALES) INCOME AND EXPENDITURE FOR THE YEAR ENDED 30" APRIL 2023 2023 2022 Donations and Su Retreats and Training Other Centres/lnstitutions Staff Cost5 ub Total ort 3,403 2,116 3,997 1,920 TOTAL EXPENDITURE SURPLU5 DEFICIT INCOME Charitles RegSsrration No. 1069536 TRIRATNA BUDDHIST COMMUNITY ISOUTH WALES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30" APRIL 2023 111 Charitable Donations are made up as follows.. Central Dana India Dhamma Trust We15h Meditation Group 716 {21 Payroll Expenses are made up as follows.. 1,200 200 PAYE Tax Pension Kamalagita ljoanna Hughes Sofia Pereira 1,803 1.197 15,552 131 Unfortunately, I cannot give you a breakdown of Debtors and Credltors as I do not have the information. 141 The accounts have been prepared under the historlcal cost convention with items recognised at cost or transaction v31ue. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable In the UK and the Republlc of Ireland IFR51021 and wlth the Charities Act 2011. 151 Income is recognised when the charity becomes entitled to the resources: if it is more likely than not that the trustees will receive the resources, and when the monetary value can be measured with sufficient value. Donatlon5 are included when the general income recognition criteria are met. Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of the gift and is treated as an addition to the same fund a5 the initial donation unless the donor has stated otherwise. Income from interest is included in the accounts when the receipt 15 probable and the amount receivable can be measured reliably. The value of any volunteer help is not included in the accounts but described in the Chairs report. 161 Fixed Assets are valued at cost. Depreciation is calculated on a stralght line basi5 at 25% 171 Stocks held for re-sale are measured at the lower of cost and net realisable value, Triratna Buddhist Community (South Wales) Trial Balance As of April 30, 2023 DEBIT CREDIT COIF Charity Deposit Ctjrrent Account - Co-oporatwe PayP81 Petty Cash PrepaHJ Insura Stock- Bookshop Devotional Objects Furnilure and Fixtures Library-Books, Dvds elc. Office Equipment Office Equipment'.Accumulated Depreaalion- oylke equip8mni Proporty at cost Debtors & Prgpaym¥nts Contra Creditors & Accruals VAT Liability Mortgag8 - Triodos Bank Retained Earnings Share Capital Accour CENTRE EVENTS.'Courses- Buddhism CENTRE EVENTS:Aotreals- Day CENTRE EVENTS-.Retreats- Hall day CENTRE EVENTS.'Retreats- WIE cent CENTRE EVENTS'.Retreats . We8kend DONATIONS.'Fundraising Event DONATIONS.'Gan8ra1 donations DONATIONS..Gift Aid DONATIONS.'Standing Or¢Y8 OTHER INCOME.'Bank Deposil Interest OTHER INCOME..Bookshop- salès OTHER INCOME..Film nights OTHER INCOME..Gift shop - sajes OTHER INCOME..Hir8- Room & Studio OTHER INCOME'.School Visits Translaiion Fund Irestrictedl Uncategorised Ineomè ADMINISTAATION=Advartising and PUbl￿￿ty ADMINISTRATION'.Bcx)kkeeping S¢rvi¢es ADMINISTRATION..Comwrter exps. ADMINISTRATION..Film License ADMINISTAATION.'HouseholdlShrine AD￿NISTRATIoN..prirrt1ng, Postage & Stationgry AD￿INISTrlAT1oN-.SfflaJ1 Eqyipm8nt ADMINISTFtATION..Telephone BANK & FINANCE CHARGES.'Bank Charg85 BANK & FINANCE CHARGES'.IZ Charges BANK & FINANCE CHAFIGES:PayPal Charges CHARITABLE DONATIONS.'Central Oana 20,685.94 5,214.33 2,902.39 169.14 102.56 2.471.39 5,194.00 1.088.08 8.365.34 1.262.IXI 293.05 117,544.67 2,500.00 0.00 2,007.72 0.00 0.00 51,703.80 112,981.09 6,720.00 1,230.00 700.00 1,115.00 0.00 251.47 3,973.41 2,695.00 14,161.50 418.87 829.26 8.00 475.54 9,236.88 B31.55 2,073.00 40.00 226.24 1,111.2S 1,271.66 262.10 324.25 70.85 55.99 294.61 113.44 15.37 109.75 1,200.00 Mo>iOay, 25 SvpièkrbÉi" 2023 02..59 pm GMT*01..QO 112 Triratna Buddhist Community (South Wales) Trial Balance As of April 30, 2023 OE81T 200,04 205.75 1,020.96 275.00 CREDIT CHAAITABLE DONATIONS'.Indla Dhamma Trust donation OTHER EXPENSES".Dèpr8fiaiion OTHER EXPENSES..Purchase of Stock OTHER EXPENSES.'Retreat Expenses OTHER EXPENSES.'Sundry OTHER EXPENSES.'Welsh meditation group Irestrictedl Payroll Exp8ns8s'.PAYE Tax Payroll Expens8s".Pension Payroll EXpenseS'.￿p￿rt- Kamalagila Payroll Exp8ns&s.'Support- Solia Per&lra Payroll Expen5es.'Support-Tarnonuda PREMISES.'Insurance PREMISES:Light & Hoat PREMISES.'Repairs & Maintenance PREMISES'.Waste PREMISES=Water Rates ReHt and Rates RETREAT & TEACHER EXPENSES..Viwtors Travel, Exp8nsès we. RETREATS & TRAIN1NG=Aolr¢ats & Training RETREATS & TRAINING:Rèrrè*$ & Tralnlng - Sofja RETREATS & TRAINING=Relre*S & frAinlng - Su RETREATS & TRAINING..Retreals & Tr4ining-Kamalagila TOTAL 90.80 716.29 1,802.48 1.197.00 15,552.22 14,540.04 1,275.e7 1,952.84 345.12 280.04 128.57 499.00 714.38 678.00 1,040.39 570.00 1,115.00 £211,745.14 £È11,745.14 rthtsnday. 25 Septèmbei 2023 02..59 pm GMT+01..00 Triratna Buddhist Community (South Wales) Accounts and Annual Report th For the year ended 30 April 2023 Charities Registration No 1069536 Charitie5 Registration No. 1069536 TRIRATNA BUDDHIST COMMUNITYISOUTH WALES) BALANCE SHEET AS AT 30 APRIL 2023 2023 2022 ASSETS Flxed Assets Property at Cost Furniture and Fixtures Depreciation Office Equipment Devotional Objects Library= Books,Audio,etc Sub Total 117,545 1,088 12931 1,262 5,194 117,545 1,088 1,175 5,194 128 161 128 367 CURRENT ASSETS 8ank Current Account COIF Charities Account Paypal Petty Cash Stock-BooklGiftshop Debtors and Prepayrnents Sub Total 5,214 20,686 2,902 169 2,471 9,653 20,267 2,564 169 2.004 TOTAL ASSET5 TOTAL ASSETS brought forward 16Z 206 LIABILITIES Creditors and Accruals 2,008 909 NET ASSETS REPRESENTED BY: Capital Loss for the year 164,685 187,886 23 2011 Charities Registration No. 1069536 TRIRATNA BUDDHIST COMMUNITY (SOUTH WALES) th INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 APRIL 2023 2023 2022 INCOME Centre Events Classes Courses-.Buddhism. Meditation Retreats School Visits Sub Total 2,203 4,473 5,232 6,720 3,045 832 Donations Standing Orders Gift Aid Sundryl Fund Raising Event5 General Donations Sub Total 14,162 2,695 251 14,262 1,779 Other Incom Room and Yoga Studio Hire Sales- Books/Gifts Bank Deposit Interest Film Nights Gift Shop Sales Uncategorlsed Income Translatlon Fund Government Grants Job Retention Scheme Grants Sub Total 9,237 829 4,653 413 15 419 476 2,073 40 2,000 TOTAL INCOME Charities Registration No. 1069536 TRIRATNA 8UDDHIST COMMUNITY (SOUTH WALES) th INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 APRIL 2023 2023 2022 EXPENDITURE Administration Advertising and Publicity Telephone Household/Shrine Printing, Postage and Stationery Office Equipment Leasing Computer Expenses Bank/Paypal/lzettle Charges Legal and Professional/Licence Bookkeeping Small Equipment Other 226 137 605 307 295 324 71 233 330 1,480 167 72 1,281 291 1,272 239 I,iii 56 262 169 Sub Total Prernlses Insurance Water Li8ht and Heat Repairs and Maintenance Council Tax SecLtritv Waste Sub Total 1,276 139 214 1.953 345 2,200 5,418 53 499 226 260 179 Other Ex Purchase of Stock Retreats- Hire of Premises Retreats- Expenses Vi51tors Travel. Expenses,etc Depreciation Sundry Sub Total enses 1,021 702 840 275 714 229 191 206 92 Charities Registration No. 1069536 TRIRATNA BUODHIST COMMUNITY150UTH WALES) INCOME AND EXPENDITURE FOR THE YEAR ENDED 30" APRIL 2023 2023 2022 Donations and Su Retreats and Training Other Centres/lnstitutions Staff Cost5 ub Total ort 3,403 2,116 3,997 1,920 TOTAL EXPENDITURE SURPLU5 DEFICIT INCOME Charitles RegSsrration No. 1069536 TRIRATNA BUDDHIST COMMUNITY ISOUTH WALES) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30" APRIL 2023 111 Charitable Donations are made up as follows.. Central Dana India Dhamma Trust We15h Meditation Group 716 {21 Payroll Expenses are made up as follows.. 1,200 200 PAYE Tax Pension Kamalagita ljoanna Hughes Sofia Pereira 1,803 1.197 15,552 131 Unfortunately, I cannot give you a breakdown of Debtors and Credltors as I do not have the information. 141 The accounts have been prepared under the historlcal cost convention with items recognised at cost or transaction v31ue. The accounts have been prepared in accordance with the Statement of Recommended Practice.. Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable In the UK and the Republlc of Ireland IFR51021 and wlth the Charities Act 2011. 151 Income is recognised when the charity becomes entitled to the resources: if it is more likely than not that the trustees will receive the resources, and when the monetary value can be measured with sufficient value. Donatlon5 are included when the general income recognition criteria are met. Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any Gift Aid amount recovered on a donation is considered to be part of the gift and is treated as an addition to the same fund a5 the initial donation unless the donor has stated otherwise. Income from interest is included in the accounts when the receipt 15 probable and the amount receivable can be measured reliably. The value of any volunteer help is not included in the accounts but described in the Chairs report. 161 Fixed Assets are valued at cost. Depreciation is calculated on a stralght line basi5 at 25% 171 Stocks held for re-sale are measured at the lower of cost and net realisable value, Triratna Buddhist Community (South Wales) Trial Balance As of April 30, 2023 DEBIT CREDIT COIF Charity Deposit Ctjrrent Account - Co-oporatwe PayP81 Petty Cash PrepaHJ Insura Stock- Bookshop Devotional Objects Furnilure and Fixtures Library-Books, Dvds elc. Office Equipment Office Equipment'.Accumulated Depreaalion- oylke equip8mni Proporty at cost Debtors & Prgpaym¥nts Contra Creditors & Accruals VAT Liability Mortgag8 - Triodos Bank Retained Earnings Share Capital Accour CENTRE EVENTS.'Courses- Buddhism CENTRE EVENTS:Aotreals- Day CENTRE EVENTS-.Retreats- Hall day CENTRE EVENTS.'Retreats- WIE cent CENTRE EVENTS'.Retreats . We8kend DONATIONS.'Fundraising Event DONATIONS.'Gan8ra1 donations DONATIONS..Gift Aid DONATIONS.'Standing Or¢Y8 OTHER INCOME.'Bank Deposil Interest OTHER INCOME..Bookshop- salès OTHER INCOME..Film nights OTHER INCOME..Gift shop - sajes OTHER INCOME..Hir8- Room & Studio OTHER INCOME'.School Visits Translaiion Fund Irestrictedl Uncategorised Ineomè ADMINISTAATION=Advartising and PUbl￿￿ty ADMINISTRATION'.Bcx)kkeeping S¢rvi¢es ADMINISTRATION..Comwrter exps. ADMINISTRATION..Film License ADMINISTAATION.'HouseholdlShrine AD￿NISTRATIoN..prirrt1ng, Postage & Stationgry AD￿INISTrlAT1oN-.SfflaJ1 Eqyipm8nt ADMINISTFtATION..Telephone BANK & FINANCE CHARGES.'Bank Charg85 BANK & FINANCE CHARGES'.IZ Charges BANK & FINANCE CHAFIGES:PayPal Charges CHARITABLE DONATIONS.'Central Oana 20,685.94 5,214.33 2,902.39 169.14 102.56 2.471.39 5,194.00 1.088.08 8.365.34 1.262.IXI 293.05 117,544.67 2,500.00 0.00 2,007.72 0.00 0.00 51,703.80 112,981.09 6,720.00 1,230.00 700.00 1,115.00 0.00 251.47 3,973.41 2,695.00 14,161.50 418.87 829.26 8.00 475.54 9,236.88 B31.55 2,073.00 40.00 226.24 1,111.2S 1,271.66 262.10 324.25 70.85 55.99 294.61 113.44 15.37 109.75 1,200.00 Mo>iOay, 25 SvpièkrbÉi" 2023 02..59 pm GMT*01..QO 112 Triratna Buddhist Community (South Wales) Trial Balance As of April 30, 2023 OE81T 200,04 205.75 1,020.96 275.00 CREDIT CHAAITABLE DONATIONS'.Indla Dhamma Trust donation OTHER EXPENSES".Dèpr8fiaiion OTHER EXPENSES..Purchase of Stock OTHER EXPENSES.'Retreat Expenses OTHER EXPENSES.'Sundry OTHER EXPENSES.'Welsh meditation group Irestrictedl Payroll Exp8ns8s'.PAYE Tax Payroll Expens8s".Pension Payroll EXpenseS'.￿p￿rt- Kamalagila Payroll Exp8ns&s.'Support- Solia Per&lra Payroll Expen5es.'Support-Tarnonuda PREMISES.'Insurance PREMISES:Light & Hoat PREMISES.'Repairs & Maintenance PREMISES'.Waste PREMISES=Water Rates ReHt and Rates RETREAT & TEACHER EXPENSES..Viwtors Travel, Exp8nsès we. RETREATS & TRAIN1NG=Aolr¢ats & Training RETREATS & TRAINING:Rèrrè*$ & Tralnlng - Sofja RETREATS & TRAINING=Relre*S & frAinlng - Su RETREATS & TRAINING..Retreals & Tr4ining-Kamalagila TOTAL 90.80 716.29 1,802.48 1.197.00 15,552.22 14,540.04 1,275.e7 1,952.84 345.12 280.04 128.57 499.00 714.38 678.00 1,040.39 570.00 1,115.00 £211,745.14 £È11,745.14 rthtsnday. 25 Septèmbei 2023 02..59 pm GMT+01..00