The Oxford Zen Centre of Sanbozen, Kamakura, Japan Report and Financial Statements For the Year Ended Januarv 312026 Charits" no: 1093036
Contents P8ge Legal and adEninistrdiiYe informatitsD Rew>rt of ihe usterS Independeni Examiner s C¢rtificaie Statement of financial activities otes fortnin¢T Part of the finw)c%al 5EaieTnertts
Legal and administrative inforniatioll Trustees David Blowers (CrI John Chubb (Treasuier) Mark Hudson (Resigned as Secretsry 26th June 2026) Peter Popharn (Rt55gB¢d ?6th June ?0261 Elizabeth Spence Ed Rowe Pete Walli5 Rtg Troka {Appointed &8 TnJAee. Secrar¥ and SafeguardiTrg Officer) Chernl Il'(x)dcroft IAptK)inted ?6 Jllne ?0?61 Cbarih s oifiee l ? l.lonirner Dril'e. Oxford. Oxi ORR Independent Examiner Heather EmeTson.4CA Bankers The Co-operaitie Bank plc_ PO Box 250_ Skelmersdale. IlTh8 6M."T CCLA. Senator House, 85 Queen Victoria Street. Londotl, EC4V 4ET.
Trustees Annual Report for the Year Ended Jalluary 312026 The trust¢¢s are pl¢as¢d to present their rerK)rt iogetherwith the financia] statements of the charity for the year ended January 3120?6 Objectives and A¢tivities of the Trust The Trust was formed to educate the publi¢ in ihe siudy and pracii¢e of Zazen {silent edilationl and io advance public knowledge of ¢he teachings ofthe Sanbozen tradition. These objectives are met by a range of actiltieS as sei out below= To conduffl ttkIN. e¥ertin zen meditatlon SEttings: Saturday ZueTrkais and Saiurdav Koan Prarti¢e Dais in Ox"ford. aTEd London and afternoon and evening Zazenkais ei"er% fonnivh¢ in London. To hold 4 annual retreais19? tendees in total) To induct newco¥ners monihlN' in Londou and in Oxford and ill a 5 day OrienLqtIo retreat. .45 i%ell as weekl im¢Tviews in person with 5tudenis. Sandy Chubb R05hi yneets Tnanl sanoha mctnbers wtKtr ltve abm8d or outof town on zoom each week to aid Ihem in their praciice Ten praciitiollers met the anniveT5ary of The Buddha's ettli. an all nioht 5ittin2 in D¢¢ember. The house in o.xford is used by individual swdents to further theIr practice and traininL and for personal retreats. The house is also Sotnetimes rented io an emplol'ee of the Prison Phoenix Ttusi_ The Pri50n Phoenix Twsi work with prisonets and prison officeT5 ¢ontinu¢s io be our ouireach where a number of zen prnctr11one volunteer. Swiss Zen Teacher Silvia Ostettsg s b(x)ks "Living Silence and"Finding Iyroup. and Silence were irdnslated into English by (wo membeT5 of our sitting ¥ continue to be offered for Se. A Bursa. Fund 5p)n$ members who a not in a rx)siijon to pay the f*Jll Cogs of sesshin5. Of the 142 tUTterti members ofihe chaTity- nwly 580/0 of the Membe donate io the ¢harit)_ Th¢5¢ objeciives and acti>itie5 are regularly monitored by the Trustef5 to ensllre they reflect the charity s aims. hiellment to join
Mmxgemtt)1 gnd Governnte The Oxford Zen Centre of the Sanbo Kyodan kamakura Japan became a registered charily on July 19 ?002 afid formally changed its naElle io The Oiforil Zen Centre of Sanbozen. Kamakura Japan on the 29 Jul 2017. li 15 uo%erned b) a c1)5111UTIo 3dopt¢d by" membeTS on Dwember 7 2001 and subsequentlj amended bl. Ihem on June l ?002. The Twstees las Sei ou¢ page l} form Ihe Ei¢¢ulive CommIltee that administers and aneS the charity- Throughout this report the). referred to eollectivelk the Executive Committcc. As 5Ct out in the Con5tituiion: the Tnetnb¢rs of the tharit} th.ho attend the Annual General Meettng eleci ihe Executive Cornrnittee i¥hich shall consist of not le$5 than ) 3nd no more than 8 members. In addiiion. the Executil'e Committee ctropl up to 4 m¢tnbet5. memb of the Execuiive Committee are elected annuallv at the Annua] Generdl Meeting of Ihe rnembe. Members of the Execu(ive Committee are elected by the members of the T1 and as such are M"ell tr5ed in the praciice of Zen Iqedithiion. Th. are Iherefore acquaintcd with the praciical Ork of the TTU5t. On being appointed &5 Trustee5 the!." are Tnade aware of their responsibilities as a Tru5tte by the c.Ni51ing members of ihe Exccutive Comfftittee. The Executive Committee met 4 times in the lear to administer and manage the chariry,. Sandy Chubb RoshÉ. who was authorised dtrectly ag a zen teacher b). the Sanbozen Abbot in ?013, direcrs the Oxford and London Zendos. Sir Elaine Ma¢lle$. who is the chaTity'S foundin(T ieacher died on 79th NToveTnber ?0?? Sand) Chubb Roshi hold5 in person teacher student iniervicws during the lon afternoon and evenings of Tuesda) and Thursdak Zazenkai& as well as offering a Dhamia Talks to prdctitioners. Future Plalls The Charity is expanding is numbers attending in Oxford and London due to its lively websiit in tA)ndon artd Oxford and the help of Hudson in LoE]don and Ja Doble in Oxford who answer atsd re-d[¢1 ncwcotners, queries. ExpansÈon is due also to the intmdu¢tion Tnonthl). newcoffter inductions in London and Oxford held bs'.Issistsnt Zen Teachers.. Meg I'auohan-Fowler and Peier Wallis.. The Trustees are alwojs alert for new loiation5 to hold longer stsshins, where costs a fatr and Teasonable for membets. Page 3
Risk Mattagetneut The Executive Commillee regularly review the risks faced by ihe Trnst. These are not c4)nsidered to be signifjcani and the surplus fun(ts of the injsi are held in a rssk averse Charities Dew)sit FuD(L the COIF w'ith CCL.4 Investmeni Mwjasemeni Ltd. Public Benefit TTUSte¢s have had regard to the guidance contained in the Chartty Cownrnission's general guidance on public benefit. The charity regularly invites the public to induction days. ail of the 8Ctivitie5 are undertaken to furtherthe elwity 5 objectÉves forthe public benefJL Achievements and Perforniance In the pasi year the Tnjst has tontinued to PUTsue the a£tivrties as $et oui aix)ve IObje¢tives and Actlvlliesl. fvlembers of ihe public a¥t inv5ted through our two websites to try the practite of Zett MeditxtlOn_ J5 new people djd $0 IEuring the year_ ID order to cotnply wilh goyernmeni rulatiOn. last vear we added to our M'ebsite. a Safe Guarding documeni which we trust gil'es added protection io zen prdctitioners and teachers in the rule. In April 2015 the Charity iwk out a l¢)an for£l)O,000 ttpayable over ?5 jeats at 4.5 /0 over base Tate. secured against its propety. 12 Mortimer Drie. li bouvhr the remaining share in the property of 40 /0. w a ¢os¢ including legal costs of £liS.815. Because the bank rate at January?026 Ivas J_75¥4 the loan now costs 8.!5Vo. The Tnksiees repoft th as at >ear ¢nd the balance repayable: ÈncludillD interest accrued. was down 10 £67.)? j -) sesshin a$ held The J2nllaTh ?025 se5shin wa5 held at St Mary s 11 ant2?e. The.4pnl ?0? at the Carrnelite5 Priory Oxford and the Odober ?O)i sesshitt held in l? Mortitner Drive and finally the JaTruary 2026 w&s held again at CaTffttlite5 Prior¥". Il'e meet in Oxford on Thursdays and in London on Tuesda)'s ITI The evenin75. apan from two long Tuesdai's when the Roshi is ihe¥e to gvide Zazenkai5 Ln London from 'pm-7.4:pm.. Donaiions inCaSed in number but ihe £tTiN't and enlrdnce io l? Klortimer Drii'e ivas reork-e so there was a reduced slltpllls of £5.726. The Executors of shirl HaTriQtt also (FIT¢red and w¢ acc¢ptrd the copvright of all her books. The Trnsites satisfied that the serveS att suffitient to zneet all the liabiltiies for ai leasi l? month5 froTh the date the Yert ÈS signed. Financial Reviem., Iniestment Polith. and Reserve5 The Tnjst remains financially sound and ha5 adequate level of unrestrieted reserves not commiii¢d to its propErt)'. Approved by the trnsttes on the 25, Febrnary 2(b26 ad signed by.. avid Bl . Chair of TTUStees Page 4
Independent Examinerfs report to the Trustees of The Oxford Zen Centre of Sanbozen, Kamakurn, Japan I report on the acconts olthe charityfoithe year ended 31 January 2026, which are set OOn pages 6 to 9. ReSCtive Rewnslbilltlesof TnLStees arnl Exami A5 the thartV5tnJ5tees are responstble forthe k4Eparation of theactAnts. You tonsider that the audtt requirements of secDon 144 of the charikne5 Att 2011 IthEActl do25 rK>t Hpplyand thatan independent examirtEtrn needed. It s rny reSnsibIlIty to stste on basts of Procedures specffjed in the Gerral DIreCtior gNefi bythe Charty Comrni55H)ner5 ufKler 5eLtion 145 of the Act whetr matters he comÈto rFryattefrtx)n. a5isoflndependert ExaminEe5Ststernent In tonnection with mye¥3mination. no matter has cOre to rtry attention: 111 Which gNes me reasonab cause to believe that in any material respectthe requirements To keep accountir8 tÈcord5 in accordantr with section 130 of the Att. and To Prere 6ccouttswhich accord with the accounting records and to p1V with the accwnting requ1Ments ofthe Att havÈ n(rt been or 121 To which in my opinion. attention should drawn in ordertr)enable a prop21 under51arKling ofthe accounts ro be reached. Heather Emerson Chartered Accounta Horseshoes Lane. Ben50n Oxfordshlre Date.. Page 5
THE OXFORD ZEW CENTRE OF THE SANBOZE14 K4ItyKURA JAPAN Charity No.. 109303S STATEMENf OF FINANCIAL ACTIVIMES FOR THE YEAR ENDED 31ST JANUARY 2026 Z5 Tolds INtOllE Donatitsls 33314 37414 4 ILWI .OZ4 35. 25.73B 10.692 24.e47 10 743 855 676 876 rALllmlE 2m 72•2 7586t 69W 72,3J4 EXPENfrfTURE CharltftlÉs SeÈ5hi.- t05t5 34.747 X747 2).371 a371 PrlsÉ$t0SL 16.328 16,3Z• 14.075 &621 3,2n 621 755 B.IUB 70TALEIVENThTURE 047£6 71447 47,39S NET FAOVEIIENTIN FUMDS 4711 726 IM5 24.539 Transt8r fuf FurfSM 15tFknJwy5 S.61Y ¥.476 .( 314293 ).149 £2.WI £345A12 U41.103 £&613 £339A78 È345,
THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN Charity No.. 1093036 BALANCE SHEET AS AT 31ST JANUARY 2026 2025 2025 Nolg FIXED ASSETS Tangib assets". Prop2ty. at valu81ty)n 4W,O CURRENT ASSETS Dtblors Cash at bank.. deposit arcoynt ". CUFrEnt account 3.495 22,257 1.273 27.025 17,493 1.583 22.921 CURRENT LIALITIEs Creditors falling due within one year -13.370 -11.039 NET CURRENT AssErs 9.551 15.986 TOTAL ASSETS LESS CURRENT uABIL1Es 409.551 415.986 Creditcrfs." AmouDts fa¥ifvJ dug aftern than Ceyar -61.447 -70.898 NET ASSETS 8,104 £345,088 FUNDS OF THE CHARtrY Res1{ted Funds Desnated Property Fund Olher Unrestricted funds 5.611 ,795 32.681 38.407 £348,102 £345,087 The notes on pag8$ 8 and 9 fomi p¥L ofthe5e aco)ums. Trustges, responsibi105 Charty law requires tho Iruslees to prepare accoun15 for edch rmar181 t*riLxI whrh gNe a true and fair of the State of affaits of the charty and of the resutts for that peritKI. In preparing thesè accounts, the tru$iees are required to sew Suitab actounkng pobc4es and to appty them o)nsistenttr, make judgèments and estimates Ihal are rèasonab aTrJ pnvjetrt." and ppare lh& 8C(x)uiils on the going oncem basi$ Un$5 rt is inappropnate lo assurne that the charty VAII continue in business. Thè tftlStee5 are respOnb forkeepiryj propEr xcounting records vthKh disc105e with reasonab accuracy al 8nytwne Ihe finanoal pOsitn of the charity. They are aLso responsib for safeguarding the assets ofthe charty. and htr for taking reasonab step5 for the preveniion and detection of fraud and other irregukirilEs. These accounts We appro ty the tnsstees Dad Blo Chair John Chut A L£1, Treasurer Paye 7
THE OXFORD ZEN CENTRE OF ThE SANBOZEN KAMAKURAJAPAPI Charity No= 1093036 NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JANUARY 2026 1. Basi% of aGttsuntlng These financi85 statements have been prepa In attordance wth the Financi81 Reportsng stsrarf app&Cab in UK and Republic of Iteland IFRS 1021 The statetnen15 shtyjkl be Tead in conjuncaJn with the accotnpanying Annual ReporL 2. A¢¢ountin9 policies lal Incomkng resources are inckJdEd in the SofA %then'. The ch¥rity becomes errtitkd to the resourtss. i% pyobabk thal the coMe will be received. Th2 mone18ry ¥ae can be m?a$ured wdh sufficieni r8tsbilty. The increase in sesshin income and txpendrture Compared lo 2025 is betause the act1¥rt5 ln 2023 %re grealty restricled beGause of COVID. Ibl Liabtlities are as soon as theTt 1$ a gaI tonsin oblb3alion commrttirtg the charty lo use rt5 resourc8S. 3. Expenditure Expenditure Incl$ the IndeperM Ex8minerf5 lee 01£46012025 4501. No Trustees were paid Temuneral or her extEnse5 durir¥J the year 12024 £NILI. The expenses of a rel8ied paty. Sarxly Chubb Roshi who i5 the wrfe oftruslee John Chubb Te £5.69) 12025 £3.493 1 The average nvmbpr Df empwes was NIL12025 NIL). 4. Fixed assets: tangible asseis The tharty owns 100% of the property at 12 Morikner Dnve. Oxford." shown atwhai the trustees consklerfarv3lJe at£400,LKY)12025 É400.(K)Dl. in the Iv3ht of va1uation5 of other propertes In the unmediate area and the ¢on4rt10n of the property. The ¢h8rrty has a mortgage k)aTr 01 £130.1x tsken out in April 2015 over 25 years at 4.5'A over base rale lo finance part of the orKJinal cost of the house Thi% thn has now reouced to £68.647. shthyn as an Instabnents due %vtLhin one year £7,2(K) 8nO after rnore Ihan one year £61.447 2026 2025 5. Dèbtors DebtOE5. HMRC- GfftAKI PrepayTnen15 S&Ssh Roshi Travel In 2026 Interest Receivab 3.339 3.340 85 70 £3.495 £3,845 Page 8
THE OXFORD ZEN CENTRE OF THE SANBOZEN KAMAKURA JAPAN Chartty No.. 1093036 NOTES TO THe Accoup¥fs FOR THE YEAR ENDED 31ST JANUARY 2024 2026 2025 8. Crgditors falllng duo wlthin oneywar Othef credrtets. teachers elc. Mortgage Internst accrued Loan instaiments due IndepeTrJent Examiners fee 460 379 7.200 4(K> 132 700 9.906 300 11.039 Sesshin monEs recei¥J in advance 4.930 £13.370 £11,039 7. Cre(litors.' Amount8 falling due after morp than ono y•ar Mort9a9a repayrnenls of prinwaldu8 61,447 70.898 £61,447 e70,898 RestriGted Funds are made tsp as folknws: Teaclrs' Funds BUary Fund 1.915 985 £ 2,900 3.505 2106 £ 5,611 9. Going ¢OTbcern After making apprcpriate enquirw. the Ttuslees have a aOnab &xpectalion that the ch8fity h8$ adequate resour to conknnue op6rati9 for Ile foreseeable fulure. The Trustees have taken appropllale actions to minimise the effeci Of the rise of Inter&st costs by payg off Ihe k>an whenever posiible Under all scenar$ revRwed the charty has sufficnt reserve5 to continue opprating as a going con for al least 12 months from IhÈ dats ofsYJniw this report. so has adopted thts basts in preparing the accounts. Page 9