THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN
Charity No: 1093036
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2025
1. Basis of accounting
These financial statements have been prepared in accordance with
the Financial Reporting Standard applicable in the UK and Republic
of Ireland (FRS 102).The statements should be read in conjunction
with the accompanying Annual Report.
2. Accountlng policies
{a) Incoming resources are included in the SofA when:
The charity becomes enti￿ed to the resOU￿s.
It is probable that the income will be received.
The monetary value can be measured wrth sufficient reliabilty.
The increa* in sesshin income and expendrture compared to 2023
is because the aclivits'es in 2023 were greatly restricted because of COVID.
(b) Liabilities are recognised as soon as there is a legal or constructive
obligation committing the charity to use its resources.
3. Expenditure
Expenditure includes the Independent Examiners fee of £300 (2024 £2(X)).
No Trustees were paid remuneratM)n or other expenses during the year (2024 £NIL).
The expenses of a related paty. Sandy Chubb Roshi who is
the wrfe of trustee John Chubb were £3,493
(2024 £5.392)
The average number of employees was NIL {2024 NIL).
4. Fixed assets: tangible assets
The charty owns 1 Oooh of the propety at 12 Mortimer Drive, Oxford," this is shown
at what the trustees consider fair value at £400,000 (2023 £400,000). in the light of
valuations of other propertEs in the immediate area arKI the condrtion of the propety.
The charity has a mortgage loan of £130,000 taken out in April 2015 over 25 years
at 4.5.￿ over base rate to finance part of the original cost of the house.
This loan has now reduced to £80,804 shown as loan instalments
due within one year £9,906 and after more than one year £70.914
70898
2025
2024
5. Debtors
Debtors: HMRC - Gift Aid
Prepayments: sesshin
Roshi overclaim
Interest R￿1Vable
3,340
2,924
85
70
£3A95
£2.924
Pago 8

. The Oxford Zen Centre of Sanbozen, Kamakura,
Japan
Report and Financial Statements
For the Year Ended January 312025
Charity no: 1093036

THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN
Charity No: 1093036
BALANCE SHEET AS AT 31ST JANUARY 2025
2025
2024
FIXED ASSETS
Tangible assets" Property. at valualion
400,000
400.000
CURRENT ASSETS
Debtors
Cash at bank: deposit account
current account
3.495
22,257
1,273
27,025
2,924
13.487
2.579
18,990
CURRENT LIABILtriES
Creditors falling due within one year
-11,039
-17,080
NET CURREKf ASSETS
15.986
1,910
TOTAL ASSETS LESS CURRENT LIABILrriES
415,986
401,910
Creditors: Amounts falling due after more than one y
-70,898
-81,761
NET ASSErs
£345.088
£320,149
FUNDS OF THE CHARrrY
Restricted Funds
Designated Propety Fund
Other Unrestricted funds
5,611
306,795
32,681
5,855
306,795
7,499
£345,088
£320,149
The notes on pages 8 and 9 fonn part of these accounts.
Trustees. responsibilities
Charity law requires the trustees to prepare ac(x)unts for each financial period which give a true and fair
view of the state of affairs of the chanty and of the results for that period. In Preparing these accounts,
the trustees are required to select suitable accounting policEs and to appty them consistently" make
judgements and estimates that are reasonable and prudent and prepare the accounts on the going
con￿rn basis unless it is inappropriate to assume that the charity will conb'nue in buslness.
The trustees are responsible for keeping proper ac£ounting records which disdose with reasonable
accuracy at any time the financlal position of the charity. They are also responsible for safeguarding
the assets of the charty, and hen￿ for taking reasonable steps for the prevention and detection of
fraud and other irregularibes.
David Blowers
Chair
John
hubb
Treasurer
Page 7

THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN
Charity No: 1093036
STATEMENT OF FINANCIAL ACTMTIES
FOR THE YEAR ENDED 31ST JANUARY 2025
2024
Tot•
Tolals
IMCOME
4.100
).924
35,024
4.713
28.998
33,711
Adiviues fw y￿￿13tIng ftwKIs'.
Fees less grants paid
Legacaes l ol￿r
Rent
-851
25.738
10.692
24.887
10.692
-1173
24.797
371
1.405
23.624
371
876
876
545
TOTAL INCOME
3,249 69.085 72J34
56.11S
59.655
EXPENDITURE
FurxJraisiThJ and pU￿1￿ty
Chanlable aCtivit￿S
Se$sh￿l costs
23.371
23.371
22.951
6.982
7.8
22.951
6.982
P￿MiseS fA)sts
8.621
8,621
6.765
8,188
450
3.493
Mortgage interest
4,625
12,831
9.510
2CKI
8,188
450
9.510
200
TOTAL EXPENDITURE
3A93 43.902
47J95
4.625
55.649
60.274
NEf MOVEMENT IM FUNOS
24183
419
Surplus on property reValuat￿n
Transfer tett￿n ILMKIS
Reco￿. al￿￿ ofFun<ts
FuThJs bif at 1st February 2024
314293
320.149
6.941
313.828
320,768
Totsl funds clf at 31s1 January 2024
£5.613 £339.476 £345.088
£5.856 £311293 £320.149
The notes on pages 8 aThl 9 fThm part ol Ilw acc(x**s.
All actrlths a￿ continury. T+￿ are Tr) gars arnl ￿￿eS olh8r than those
recognised thrwh the Statem&rt of Finarth￿l A¢ln*ities.

Independent Examinerfs report to the Trustees of The Oxford Zen
Centre of Sanbozen, Kamakura, Japan
I report on the accounts of the charity for the year ended 31° January 2025, which are set out on
pages 6 to 9.
Respective Responsibilities of Trustees and Examiner
As the charity's trustees you are responsible for the preparation of the accounts. You consider that
the audit ￿qUIrementS of section 144 of the charities Act 2011 {the Act) does not apply and that an
independent examination is needed. It is my responsibility to state on the basis of Procedures
specified in the General Directions given by the Charity Commissioners under section 145 of the Act
whether matters have come to my attention.
Basis of Independent Examinerfs statement
In connertion with my eyamination, no matter has come to my attention:
111 .Which gives me reasonable cause to believe that in any material respect the requirements
To keep a￿oUnting records in accordance with section 130 of the Act, and
To prepare accounts which accord with the accounting records and to comply with
the accounting requirements of the Act
Have not been met or
{2) To which in my opinion, attention should be drawn in orderto enable a proper
understanding of the accounts to be ￿aChed.
Heather Emerson 4,M
Chartered Accountant
Horseshoes Lane,
Benson
Oxfordshire
Date: May 2025

Risk Management
The Executive Committee regularjy review the risks faced by the Trust. These are not
considered to be significant and the surplus funds of the trust are held in a risk averse
Charities Deposit Fun(L the COIF with CCLA Investment Management Ltd.
Public Benefit
Trustees have had regard to the guidance contained in the Charity Commission's general
guidance on public benefit.
The charity regularly invites the public to induction days" all of the activities are undertaken
to further the charity's objectives for the public benefit.
Acbievements and Performance
In the past year the Trust has continued to pursue the activities as set out above (Objectives
and Activitics). Mcmbers of the public are invited through our two websites to ty the
practice of Zen Meditation" some ? new people did so during the y¢aT.
In order to comply with government regulation, last year we add￿ to our website, a Safe
Guarding document which we trust gives added protection to zen practitioncrs and tcachers in
the future.
In April 2015 the Charity took out a loan for £130,000 rq)ayable over 25 years at 4.5 % over
bas¢ rate, secured against its propety, 12 Mortimer t)rive. It bought the remaining share in
the property of 400/0, at a cost including legal costs of £135,815. Becausc the bank rdte at
January2025 w&s 5.00/0, the loan now costs 9.5 %. lThe Trustees re￿rt that as at y¢ar end the
balance repayable, including interest ￿rue<L was down to £80804.
The February 2024 sesshin was held at St Cassian's. Kintbury. the July 2024 sesshin was
held at St Mary's Wantage and the October 2024 sesshin w&s held in 12 Mortimer Drive and
finally the January 2025 was held at Sl Mary's Wantage. We mect in Oxford on Thursdays
and in l.ondon on Tuesdays in the evenings. apart from two long Tu¢sdays when the Roshi is
there to guide Zaz£nkais in London from 2pm-7.45prn.. Donations increased ID number and
with a legacy of £1 0,000 from Shirley Harriott there w&s a surplus £25.183. The Executors of
Shirley Harriott also offered and we accepted the copyright of all hcr I￿ks. The Trustees are
satisfied that the reserves are sutTicient to meet all the liabilities for at least 12 months from
the date the report is signc(L
Financial Review, Investment Policy and Reserves
The Trust remains financially sound and has an adequate level of unrestricted reserves not
committed to its property.
Approved by the trustees on the 12th February 2025
and signed by:
avid Blowers, Chair of Trustees
Page 4

Management and Governance
The Oxford Zen Centre of the Sanlx) Kyodan Kamakurd Japan became a registered charity on
July 19 2002 and formally changed its name to The Oxford Zen Centre of Sanbozen,
Kamakura Japan on the 29th July 2017. It is governed by a constitution adopted by members
on December 7 2001 and subsequently amended by them on June 12002.
The Trustees (as set out on page l) forn] the Executive Committee that administers and
Manages the charity. Throughout this rep)rt they are referred to collectively &s the Executive
Committee. As set out Rn the Constitution, the members of the charity who attend the Annual
General Meeting elect the Executive Committee which shall consist of not less than 3 and no
more than 8 members. In addition, the Executive Committee can co-opi up to 4 members.
Mcmbers of the Executive Committee are elected annually at the Annual General Meeting of
the members.
Members of the Executive Committee are elected by the membcrs of the Trusl and as such
are well vcrsed in the practice of Zen Meditation. They are therefore acquainted with the
practical work of thc Trust. On being apwintrd as Trustees they are made aware of their
responsibilitics as a Trustee by the existing mernt￿ of the Executive Committee.
The Executivc Committee met 4 times in the year to administer and manage the charity.
Sandy Chubb, Roshi, who w&s authorised directly teacher by the Sanlxizen Abbot
in 2013, directs thc Oxford and London Z¢ndos. Sistcr Elaine Maclnnes. who is the charity's
founding teacher died on 29 November 2022.
Sandy Chubb Roshi holds in person tcacher student interviews during Tuesday and Thursday
Zazenkais as well as offering a Dharn￿ Talk to practilion¢rs.
Future Plans
The Charity is cxpanding its numbers attcnding in Oxford and London due to its lively
website in London and Oxford and thc help of Mark Hudson in l.ondon and J&son Doble in
Oxford who answer and re-dircct newcomers, queries. Expansion is due also lo thc
introduction of two fortnightly newcomer inductions in London and monthly inductions in
Oxford held Assistant Zen Teachers Meg Vaughan-Fowler and Peter Wallis.. The Trustees
are always alert for new locations to hold longer sesshins, where costs are fair and reasonable
for members.
Page 3

Trustees Annual Report for the Year Ended January 312025
The trustees are ple&scd to present their report together with the financial staternents of the
charity for the year ended January 312025.
Objectives and Activities of the Trust
The Trust was fornied to educate the public in the study and practice of Zazen (silent
meditation) and to advance public knowledge of the teachings of the Sanb07£n tradition.
These objectives are mei by a range of activities as set out below:
To conduct weekly evening z£n meditation sittings. Saturday Zazenkais and
Saturday Koan Practice Days in Oxford, and London and afternoon and evening
Zazenkais every forinight in London.
To hold 4 annual retreats (107 atiendees in total)
To induct newcomers monthly in London and in Oxford and in an Orientation
retreat.
As well as weekly interviews in person with students. Sandy Chubb Roshi meets
sangha members who livc abroad or out of town on zoom cach wcek to aid them
in their practice
Ten prdctitioners met on the anniversary of The Buddha's cnlightenment to join
an all night sitting in Deccmber.
The house in Oxford is used by individual students lo fijrther their practice and
training and for pcrsonal retreats. The house has also been rented to an employee
of the Prison Phoenix Trust.
'Ihe Prison Phoenix Trust work with prisoncrs and prison oificcrs continues to be
our outr¢ach where a number of zcn practitioncrs volunteer.
Swiss /.en Teacher Silvia Ostcrtag's books "l.iviDg Silence" and "Finding
Silence" were translated into English by two membus of our sitting group, and
continue to be offered for salc.
A Bursary Fund supports members who are not in a position to make regular
donations towards the running costs of thc Charity. Of the 167 current members of
the charity, nearly 40 % of the memba5 participatc fully or part]y in the activities
of the charity although they do not all make such donations because of their
religious status or financial circumstances.
These objectives and activities are regularly monitored by the Trustees to ensure that they
reflect the charity's aims.
Page 2

Legal and administrative information
Trustees
David Blowers (Chair)
John Chubb (Treasurer)
Mark Hudson { Secretary)
Simon Roffey (resigned 24 June 2024)
Felix Pring (died 23 January 2025)
Peter Popham
Eli7abeth Spence
Ed Rowe
Pete Wallis (appointed 24 June 2024)
Charity's oifiee
12, Mortimer Drive, Oxford, OX3 ORR
Independent Examiner
Hcather Emerson ACA
Bankers
The Co-opcrative Bank plc, PO Box 250, Skelrnersdale, WN8 6WT
CCLA, Senator Housc. 85 Queen Victoria StrceL LoTrdo￿ EC4V 4ET.
Page I

Contents
Page
Legal and adminisirdtive inforniation
Report of the trustees
24
Independent Examiner's Certificate
Statement of financial activities
Balance she¢t
Notes fonning part of the financia] statements

THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN
Charity No: 1093036
NOTES TO THE AccouKfs FOR THE YEAR ENDED 31ST JANUARY 2024
2025
2024
6. Creditots falling due within one year
Other creditors.. teachers, etc.
Mortgage interest accfued
Loan instalments due
Independent Examinerfs fee
132
700
9,9(
300
11,039
1,208
757
11.444
200
13.609
3.471
£17.080
Sesshin monies received in advance
£11.039
7. Creditors: Amounts falling due after more than one year
Mortgage repa￿nts of principal due
70,898
81,761
£70,898
£81,761
8. Restricted Funds are made up as follows .
Teachers, Funds
Bursary Fund
3,505
2.1(
£ S,611
2,898
2,957
£ S,855
9. Going concern
After making appropriate enquiries. the Trustees have a reasonable expectation that the
charity has adequate reSoUr￿S to continue operats'ng for the fores*able future. The
Trustees have taken appropriate ￿tionS to minimise the effect of the rise of interest costs
by payig off the loan whenever posiible. Under all S￿narioS reviewed the charty has sufficEnt
reserves to conb'nue operating as a going con￿rn for at least 12 months from the date
of signing this report. so has adopted this basis in preparing the aco)unts.
Page 9