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 u￿sterS
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 (C￿rI
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. Secr￿ar¥ 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 acti￿ltieS 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 S￿e.
A Bursa￿. Fund 5￿p￿)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

M*mxgemtt)1 gnd Govern*nte
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
an￿eS 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$5 than ) 3nd no
more than 8 members. In addiiion. the Executil'e Committee ctropl up to 4 m¢tnbet5.
memb￿ of the Execuiive Committee are elected annuallv at the Annua] Generdl Meeting of
Ihe rnembe￿.
Members of the Execu(ive Committee are elected by the members of the T￿1 and as such
are M"ell ￿tr5ed in the praciice of Zen Iqedithiion. Th￿. are Iherefore acquaintcd with the
praciical ￿Ork of the TTU5t. On being appointed &5 Trustee5 the!." are Tnade aware of their
responsibilities as a Tru5tte by the c.Ni51ing members of ihe Exccutive Comfftittee.
The Executive Committee met 4 times in the lear to administer and manage the chariry,.
Sandy Chubb RoshÉ. who was authorised dtrectly ag a zen teacher b). the Sanbozen Abbot
in ?013, direcrs the Oxford and London Zendos. Si*r Elaine Ma¢ll￿e$. 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 $0 IEuring the year_
ID order to cotnply wilh goyernmeni r￿ulatiOn. last vear we added to our M'ebsite. a Safe
Guarding documeni which we trust gil'es added protection io zen prdctitioners and teachers in
the r￿ule.
In April 2015 the Charity iwk out a l¢)an for£l)O,000 ttpayable over ?5 jeats at 4.5 /0 over
base Tate. secured against its propety. 12 Mortimer Dri￿e. li bouvhr the remaining share in
the property of 40 /0. w a ¢os¢ including legal costs of £liS.815. Because the bank rate at
January?026 Ivas J_75¥4 the loan now costs 8.!5Vo. The Tnksiees repoft th* as at >ear ¢nd
the balance repayable: ÈncludillD interest accrued. was down 10 £67.)? j
-) sesshin ￿a$ 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 evenin*75. apan from two long Tuesdai's when
the Roshi is ihe¥e to gvide Zazenkai5 Ln London from 'pm-7.4:pm.. Donaiions inC￿aSed in
number but ihe £tTiN't and enlrdnce io l? Klortimer Drii'e ivas re￿ork-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 Ye￿rt 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
a￿d 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 acco￿nts olthe charityfoithe year ended 31 January 2026, which are set O￿On
pages 6 to 9.
ReS￿Ctive Rewnslbilltlesof TnLStees arnl Exami
A5 the thartV5tnJ5tees are responstble forthe k4Eparation of theactA￿nts. You tonsider that
the audtt requirements of secDon 144 of the charikne5 Att 2011 IthEActl do25 rK>t Hpplyand thatan
independent examir￿tEtrn ￿ needed. It s rny reS￿nsibIlIty to stste on basts of Procedures
specffjed in the Ger*ral DIreCtior￿ gNefi bythe Charty Comrni55H)ner5 ufKler 5eLtion 145 of the Act
whet￿r matters h*e comÈto rFryattefrtx)n.
a5isoflndependert ExaminEe5Ststernent
In tonnection with mye¥3mination. no matter has cOr￿e 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 Pre￿re 6ccouttswhich accord with the accounting records and to ￿￿p1V with
the accwnting requ1￿Ments 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
Charl￿￿￿￿￿t￿ftlÉs
SeÈ5hi.- t05t5
34.747
X747
2).371
a371
Pr￿lsÉ$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* 15tFknJwy￿5
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 LIA￿LITIEs
Creditors falling due within one year
-13.370
-11.039
NET CURRENT AssErs
9.551
15.986
TOTAL ASSETS LESS CURRENT uABIL￿1Es
409.551
415.986
Creditcrfs." AmouDts fa¥ifvJ dug aftern￿ than C￿ey￿ar
-61.447
-70.898
NET ASSETS
8,104
£345,088
FUNDS OF THE CHARtrY
Res1{￿ted Funds
Des￿￿nated 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, responsibi1￿05
Charty law requires tho Iruslees to prepare accoun15 for edch rmar￿181 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$iees are required to sew Suitab￿ actounkng pobc4es and to appty them o)nsistenttr, make
judgèments and estimates Ihal are rèasonab￿ aTrJ pnvjetrt." and p￿pare lh& 8C(x)uiils on the going
oncem basi$ Un￿$5 rt is inappropnate lo assurne that the charty VAII continue in business.
Thè tftlStee5 are respOn￿b￿ forkeepiryj propEr xcounting records vthKh disc105e with reasonab
accuracy al 8nytwne Ihe finanoal pOsit￿n 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
Da￿d 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 stsr￿arf app&Cab￿ in UK and Republic
of Iteland IFRS 1021 The statetnen15 shtyjkl be Tead in conjunca*Jn
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 ¥a￿e can be m?a$ured wdh sufficieni r8tsbilty.
The increase in sesshin income and txpendrture Compared lo 2025
is betause the act1¥rt￿5 ln 2023 %*re grealty restricled beGause of COVID.
Ibl Liabtlities are as soon as theTt 1$ a ￿gaI ￿ tonsin
oblb3alion commrttirtg the charty lo use rt5 resourc8S.
3. Expenditure
Expenditure Incl￿$ the Indeper￿M 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:
Teacl*rs' Funds
BU￿ary Fund
1.915
985
£ 2,900
3.505
2106
£ 5,611
9. Going ¢OTbcern
After making apprcpriate enquirw. the Ttuslees have a ￿a￿Onab￿ &xpectalion that the
ch8fity h8$ adequate resour￿ to conknnue op6rati￿9 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 suffic￿nt
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