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2023-12-31-accounts

The Community of Interbeing UK

Annual Report and Financial Statements

Year Ended 31 December 2023

Registered Charity No 1096680

Company Registration No 04623280

2 The Community of Interbeing UK Annual Report and Financial Statements 2023

About the Community of Interbeing UK

The Community of Interbeing UK is the network of people in the United Kingdom who practise Buddhism according to the teachings of Zen master Thich Nhat Hanh ( Thây -pronounced 'tie' - as we call him, meaning teacher in Vietnamese). The UK Community of Interbeing is part of the wider international Sangha of many thousands of practitioners worldwide, all of whom follow Thây's mindfulness practice and teachings.

Mindfulness is the energy of being aware and awake to the present moment. It is the continuous practice of touching life deeply in every moment of daily life. To be mindful is to be truly alive, present and at one with those around us and with what we are doing. We bring our body and mind into harmony while we wash the dishes, drive the car or take our morning shower, learning to do them with mindfulness, with an awareness that we are doing them. We practise mindfulness throughout every moment of the day and not just during meditation.

Practising mindfulness cultivates understanding, love, compassion, and joy. This practice helps us to take care of and transform suffering in our lives and in our society.

In practising together as a group, our practice of mindfulness becomes more joyful, relaxed and steady. We support each other along the path of practice. With the support of the community, we can practise to cultivate peace and joy within and around us, as a gift for all of those whom we love and care for. We can cultivate our solidity and freedom - solid in our deepest aspiration and free from our fears, misunderstandings, and our suffering.

In addition to providing national retreats and training, the Community of Interbeing supports around one hundred and twenty local Sangha groups around the UK, sells books and other media, and provides a weekly update for members called Dharmabites , plus a monthly e-News called Here & Now, as well as distributing the international Mindfulness Bell magazine.

Through our programmes of education and practice the Community of Interbeing endeavours to encourage more people to practise mindful living.

The Community of Interbeing UK Annual Report and Financial Statements 2023 3

2023 Annual Review

In this annual review we set out our charitable aims, and for each aspect of our activities, the actions taken to implement them in this year as well as our future plans.

Charitable aims

The Objectives of the Community of Interbeing UK are:

a) To advance, support and encourage the study and practice of Buddhism and mindful living in accordance with the teachings of meditation master Thich Nhat Hanh, in the UK and overseas, in keeping with the Five Mindfulness Trainings.

b) To assist and encourage the formation and activities of regional and local groups having this common purpose.

National practice and training

What we do

How what we do delivers public benefit

The principal benefit comprises the provision of opportunities for members of the public (including Buddhists and those interested in Buddhism) to learn more about mindfulness and Buddhism. We provide instruction from beginner to advanced levels, enabling people to deepen their knowledge and experience. We offer retreats for both individuals and groups, to enable them to develop their meditation experience and increase their understanding of the mindful way of life in the Plum Village tradition of Thich Nhat Hanh.

Our events are advertised publicly on our website, social media channels (e.g. PlumVillageUK Facebook page) as well as our weekly Dharmabites offerings for members and monthly e-News (which anyone can sign up to). We offer a warm welcome to anyone who wishes to attend. We make a charge to recover the cost of running our retreats and training programmes with a lower rate applying to those in special circumstances. We also endeavour to raise funds to offer bursaries towards the cost of some of the events.

Action taken in 2023

Across the broad community in the UK, we supported a wide range of activities which included:

4 The Community of Interbeing UK Annual Report and Financial Statements 2023

The Community of Interbeing UK Annual Report and Financial Statements 2023 5

6 The Community of Interbeing UK Annual Report and Financial Statements 2023

anxiety and health conditions. This Mindful Morning, Katie read her published short story, and then shared some of the key Plum Village practices that supported her throughout her cancer treatment and recovery.

Future plans for 2024 and 2025

Looking forwards we were excited to announce that in March 2024, a group of Plum Village Monastics would travel for a five-day retreat in the UK, ‘Peace Begins Here’, where we will learn how to cultivate peace, clarity, joy, and resilience. This is a precious and rare opportunity to be able to practise with a team of monastics from the tradition of Thich Nhat Hanh in the UK. The retreat will include sessions of guided meditation, walking meditation, mindful eating, talks and sharing circles – plus time to simply relax and to be with others and nature in a peaceful environment. All ages will be welcome, and we will live simply, enjoying mindful activities together as a community. There will be a separate programme for children and teens, young adults (aged 18-35) in addition to that for other adults.

The Community of Interbeing UK Annual Report and Financial Statements 2023 7

Community Engagement and Volunteer Opportunities

We actively sought out volunteers to support our myriad offerings and boost our web and community engagement in 2023. This outreach was essential for us to help our community blossom and expand.

Being Peace Cottage :

In the Spring of 2022, a decision was made to sell the Being Peace Cottage. A young family gave us a fair offer and the sale was completed in 2023. More details can be found in the Financial Report section 3.

Mindfulness courses

Living Mindfully

When Be Calm Be Happy was first developed the original idea was to have 3 courses which become a pathway leading people from no/little experience of Plum Village practices into attending a Sangha and hopefully retreats on a regular basis. We feel these 3 courses give a good grounding into PV practices and Thay’s teachings along with the Dharma Training Programme and retreats run by PVUK and PV itself.

Future plans for 2024 and 2025

Being Peace Residential Practice Centre

8 The Community of Interbeing UK Annual Report and Financial Statements 2023

Future plans for 2024 and 2025

Local Sanghas – practice and training

What we do

How what we do provides public benefit

These activities provide the same public benefits as the National practice and training programme but on a local level making them as widely geographically accessible as possible.

Action taken in 2023

The Community of Interbeing UK Annual Report and Financial Statements 2023 9

Future plans

Publications service

What we do

How what we do provides public benefit

Action taken in 2023

Future plans for 2023 - 24

Communications

What we do

10 The Community of Interbeing UK Annual Report and Financial Statements 2023

How what we do benefits the public

Our communications programme supports and facilitates the achievement of our other activities and hence benefits the public as explained above.

Action taken in 2023

Future plans for 2024 and 2025

Technical systems

What we do

As our organisation grows we are using more IT systems, against a growing global background of hacking attempts. We manage all our systems, e.g. our web sites and their many components. We provide secure workspace for many users and support them with any issues. We manage software licences for all our systems, e.g. Zoom. We manage other systems for event bookings and mailshots. We maintain up to date information for all Sanghas who wish to be listed on our website.

How what we do benefits the public

The Community of Interbeing UK Annual Report and Financial Statements 2023 11

Actions taken in 2023

Future plans for 2024 and 2025

Dana

What we do

The practice of dana or giving is a fundamental practice in Buddhism. The Community of Interbeing provides opportunities for people to give of their time and expertise and to give monetary donations. There are opportunities to support us in the UK and to contribute to international charities associated with Thich Nhat Hanh and Plum Village including the Thich Nhat Hanh UK Action Fund and the relief of poverty in Vietnam.

How what we do benefits the public

Our dana programme benefits the public both directly and indirectly. Direct benefits come through the alleviation of suffering and the teaching of programmes of mindful living. Indirect benefits come through the encouragement of responsible living and of the importance of charitable giving.

Action taken in 2023

12 The Community of Interbeing UK Annual Report and Financial Statements 2023

Future plans

The Community of Interbeing UK Annual Report and Financial Statements 2023 13

Engaged Action

What we do

Many of our community members are very active in offering mindfulness practice to others in an engaged way. Examples include activism in racial and social justice, climate action and Earth holding, prison chaplaincy, healthcare chaplaincy, and teaching in schools. Many community members are engaged in significant ways across many such areas.

How what we do benefits the public

The engaged action of our members benefits the public both directly and indirectly. Direct benefits come through the contact and support with chaplains, teachers, and activists, and the associated ability to live more mindfully and calmly. This indirectly benefits all around those who have benefited from this contact.

Action taken in 2023

Future plans for 2024 and 2025

14 The Community of Interbeing UK Annual Report and Financial Statements 2023

Charity Information

CURRENT TRUSTEES

Ms Liz Beth Mr Philip Croton Mr Miles Dunmore Dr Jonathan Edwards Ms Rehena Harilall Ms Janet Hempsall Ms Phuong Quach Mr William Robinson Mr Esteban Ruseler Ms Angela Searle

COMPANY SECRETARY

Ms Isabelle Wen

LEGAL STATUS

Registered Charity

No 1096680

Company Registration No 04623280

FURTHER INFORMATION

Website: www.plumvillage.uk

BANKERS

Bath Building Society, 15 Queen Square, Bath, BA1 2HN The Co-operative Bank, PO Box 250, Skelmersdale, WN8 6WT Ecology Building Society, 7 Belton Road, Keighley, West Yorkshire, BD20 0EE Monmouthshire Building Society, Monmouthshire House, John Frost Square, Newport, NP20 1PX Nationwide Building Society, Nationwide House, Pipers Way, Swindon, SN38 1NW Flagstone Group Ltd, 1st Floor, Clareville House, 26-27 Oxendon Street, London, SW1Y 4EL

INDEPENDENT EXAMINER

Alex Chandler ACA, Sygma Chartered Accountants, 1 Sopwith Crescent, Wickford, Essex, SS11 8YU

The Community of Interbeing UK Annual Report and Financial Statements 2023 15

Annual Report of the Trustees of the Community of Interbeing UK for the year ended 31 December 2023

1 Factual Information

1.1 Structure

The Community of Interbeing UK is a company limited by guarantee (company number 04623280) and a registered charity (Charity number 1096680). The Charity also uses the working name “Plum Village UK”.

1.2 Objects

The Objects of the Community of Interbeing are:

a) To advance, support and encourage the study and practice of Buddhism and mindful living in accordance with the teachings of meditation master Thich Nhat Hanh, in the UK and overseas, in keeping with the Five Mindfulness Trainings.

b) To assist and encourage the formation and activities of regional and local groups having this common purpose.

1.3 Governance

The Charity is managed by a Committee of Trustees. The trustees are also the directors of the Charity for the purposes of the Companies Act. All trustees are required to be members of the Community of Interbeing who have taken the Five Mindfulness Trainings. Trustees are recruited on the basis of skills needs identified by the Board of Trustees. A variety of methods is used to identify suitable candidates. Trustees are elected by the members of the Charity at the Annual General Meeting. Each year one third of the Trustees retire by rotation. The Committee of Trustees has the power to co-opt members during the year but these members must stand for election at the next Annual General Meeting.

1.4 Management

The Committee of Trustees currently comprises 10 members and meets formally in person or via videoconference call several times a year. Members of the Committee individually or in small groups also act to take forward the Charity’s plans assisted by other volunteers. Trustees serving since the last annual report have been:

Ms Liz Beth (appointed 15 February 2020, elected 19 September 2020, re-elected 9 October 2021) Mr Philip Croton (appointed 17 April 2020, elected 19 September 2020, re-elected 24 September 2022) Mr Miles Dunmore (appointed 10 May 2024)

Dr Jonathan Edwards (Treasurer, appointed 6 January 2014, elected 24 May 2014, re-elected 23 September 2023) Ms Rehena Harilall (appointed 10 May 2024)

Ms Janet Hempsall (appointed 13 September 2024)

Mr Kevin Place (appointed 12 June 2020, elected 19 September 2020, resigned 26 April 2024) Ms Phuong Quach (appointed 10 May 2024) Mr William Robinson (appointed 10 May 2024) Mr Esteban Ruseler (appointed 10 May 2024)

Ms Angela Searle (appointed 30 August 2018, elected 29 September 2018, re-elected 24 September 2022)

The Company Secretary is Ms Isabelle Wen (appointed 5 April 2008).

2 Review of Activities

The review of activities is set out in the 2023 Annual Review of activities.

3 Financial Review

Total income for the year was £314,405 (2022 £317,443). The monastic tour generated net surpluses of £20,658 for the Plum Village construction fund and £18,162 for the Being Peace Practice Centre fund. In addition donations amounting to £40,352 for Plum Vilage and £81,515 for the Being Peace fund were received.

Total expenditure for the year was £262,677 (2022 £244,836). Donations of £86,368 were sent over to Plum Village and costs for setting up the Being Peace project amounted to around £44,000.

The Community of Interbeing UK owned freehold premises (fixed assets) occupied by the Charity as a retreat practice centre (the Being Peace Cottage in Dorset). The property was purchased in September 2008 at a cost of £227,569 and revalued in October 2021 at £300,000. During the year 2022 the property was put on the market for sale with an

16 The Community of Interbeing UK Annual Report and Financial Statements 2023

asking price of £300,000. An offer was accepted in July 2022 and the property was finally sold for the sum of £305,000 on 9[th] March 2023.

The net proceeds from the sale of the freehold premises plus the remaining balance in the Cottage account (a total of £307,306) have been transferred from Unrestricted to Restricted funds.

When a registered Charity disposes of a property the Trustees are required to obtain a Qualified Surveyors Report in accordance with Sections 117-119 of the Charities Act 2011 and Statutory Instrument No 2980.

The Trustees instructed Howard R Johnson MRICS of Charter Royle Limited to undertake a survey of the property and provide the Trustees with the Qualified Surveyors Report. This report valued the property at £255,000.

4 Risk Management

The major risks to which the Charity is exposed, as identified by the trustees, have been reviewed during the year and the trustees are satisfied that systems have been established to mitigate those risks.

The Charity holds an insurance policy (“Buddhist Combined Charity Policy”) underwritten by Ecclesiastical Insurance. The policy includes public and employer's liability insurances, both up to £10M covering employees and volunteers, accident cover for our volunteers, and covers all of our events (including major retreats and walking events for example) and Trustee liability. Building and contents insurance for the Cottage were included in this policy until we sold the Cottage in March2023. Events organised by all local sanghas affiliated to the Community of Interbeing UK are covered by our Liability Insurance

The Charity has in place Child and Safeguarding Protection Policies which are reviewed annually.

5 Format of Financial Statements

The report and accounts have been prepared in accordance with the Small Companies and Groups (Accounts and Directors’ Report) Regulations 2008.

6 Trustees’ Responsibilities in relation to the Financial Statements

Legal regulations require the trustees to prepare financial statements for each financial year which give a true and fair view of the Charity’s financial activities for the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Committee of Trustees and signed on their behalf by

Dr J Edwards Trustee and Director

5 October 2024

The Community of Interbeing UK Annual Report and Financial Statements 2023 17

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2023

Notes
From generated funds
Donations
11
Activities for generating funds
Merchandise sales
Income from sale of Being Peace Co
6
Interest
Educational events & publications
2
Other
Educational events & publications
3
Donations, bursaries and expenses
11
Administrative costs
4
Governance costs
5
Net incoming/outgoing resources
11
Balance brought forward at 1 January
Balance carried forward at 31 December
RECONCILIATION OF FUNDS
before transfers
Transfers
Net movement of funds
Investment income:
From charitable activities
Total incoming resources
EXPENDED RESOURCES
Costs of generating voluntary income
Marketing & Communications
Cost of charitable activities
Total resources expended
Subscriptions
INCOMING RESOURCES
Voluntary income:
Unrestricted Restricted
Total
Total
funds
funds
2023
2022
-
-
36,451
55,112
125,613
180,725
191,549
-
-
-
-
-
-
5,000
5,000
1,455
3,582
5,036
547
-
-
84,824
38,820
123,644
88,896
-
-
-
-
146,391
168,014
314,405
317,443
24,933
-
24,933
18,318
-
-
-
-
90,840
-
90,840
85,322
355
131,204
131,558
133,599
14,852
-
14,852
7,104
493
-
493
493
131,474
131,204
262,677
244,836
14,917
36,811
51,728
72,607
(307,306)
307,306
-
-
(292,388)
344,116
51,728
72,607
511,718
349,539
861,257
788,651
219,330
£
693,655
£
912,985
£
861,258
£

The Accounting Policies and the Notes on pages 19 to 23 form part of these Accounts.

18 The Community of Interbeing UK Annual Report and Financial Statements 2023

BALANCE SHEET AT 31 DECEMBER 2023

Unrestricted Restricted Unrestricted Restricted Total Total
Notes funds funds
2023 2022
TANGIBLE FIXED ASSETS 6 - - - 300 - - - 300 - - - 300 - - - 300,000
CURRENT ASSETS
Stock of publications 3,689 - 3,689 3,256 3,689 3,256
Debtors 7 17,622 88,764 106,386 123,235 17,622 88,764 106,386 123,235 17,622 88,764 106,386 123,235 17,622 88,764 106,386 123,235
Cash at bank and in hand 259,962 604 962 604,891 864 891 864,853 439 853 439,593
281,273 693 273 693,655 974 655 974,928 566 928 566,084
CURRENT LIABILITIES
Amounts falling due within
one year 8 61,943 - 61 943 - 61 943 - 61,943 4 943 4,826
NET CURRENT ASSETS 219,330 693,655 912,985 561,258 219,330 693,655 912,985 561,258 219,330 693,655 912,985 561,258 219,330 693,655 912,985 561,258
NET ASSETS £219,330 £693,655 £912,985 £861,258
Represented by:
FUNDS
Unrestricted £219,330 - £219,330 - £219,330 511,719 £219,330 511,719
Restricted 11 - 693 - 693,655 693 655 693,655 349 655 349,539
TOTAL FUNDS £219,330 £693,655 £912,985 £861,258

For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors’ responsibilities:

Approved by the trustees on 5 October 2024 and signed on their behalf by:

Dr J Edwards (Trustee and Director)

The Accounting Policies and the Notes on pages 19 to 23 form part of these Accounts

The Community of Interbeing UK Annual Report and Financial Statements 2023 19

Notes to the Financial Statements for the year ended 31 December 2023

1. Accounting Policies

(a) Basis of preparation

These financial statements have been drawn up under the historical cost convention. The financial statements have been prepared in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ published in March 2005, applicable UK accounting standards, and the Companies Act 2006.

(b) Company status

The Charity is a company limited by guarantee. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £10 per member.

(c) Fund accounting

The Charity has two types of funds, unrestricted, and restricted. The unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity. Restricted funds are funds that are to be used in accordance with specific restrictions imposed by the providers of the funds.

(d) Recognition of Income

Donations, and other forms of voluntary income are dealt with when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. Membership subscriptions are due on 1 January each year and are recognised as received. Sales of publications and income from retreats are dealt with on an accruals basis. Gift Aid receivable is included in the category of income to which it relates. No amounts are included in the financial statements for services donated by volunteers.

(e) Recognition of Expenditure

Expenditure is recognised when a liability is incurred. Expenditure on future retreats is deferred until the retreat takes place.

(f) Depreciation

No depreciation is provided on freehold premises since this would be immaterial having regard to the length of the useful economic life of the property. Depreciation of equipment is provided on cost at the rate of 25% per annum.

(g) Assets

Fixed assets are stated at cost less depreciation. Stock of publications is stated at the lower of cost and realisable value. Debtors are stated at the amount expected to be recoverable.

2. Income from educational events and publications

2. Income from educational events and publications
Retreats, courses and Being Peace Cottage income
Income from organising major retreat (i)
Sale of publications & bells
2023
2022
72,407
79,755
38,820
-
12,417
9,141
123,644
£
88,896
£

(i) Reported as net income for 2023 and applied to restricted funds

3. Expenditure on educational events and publications

3. Expenditure on educational events and publications
Retreat, Courses and Being Peace Cottage expenditure
Books, other publications & bells
2023
2022
79,569
77,133
11,271
8,189
90,840
£
85,322
£

Related distribution costs are included in the cost of books and other publications

20 The Community of Interbeing UK Annual Report and Financial Statements 2023

Notes to the Financial Statements for the year ended 31 December 2023 (continued)

4. Administration costs

Bookkeeping and accountancy
Insurance
Website, Zoom and other IT costs
IT Fees for processing donations (ii)
Bank charges & other administrative costs
Project cost salary
2023
2022
410
782
1,135
1,602
9,590
4,251
3,211
505
469
-
-
14,852
£
7,104
£

(ii) Donation income previously reported as net of fees.

From 2023 reported as gross income and fees.

The Charity employed one member of staff during 2023, the employment costs during the year totalled £23,517 and are included under “Marketing and Communications” expenditure. Otherwise the work of the Charity is carried out by volunteers and by the purchase of services from a number of individuals. These expenses are included under expenditure on educational events and publications (Note 3) and administration costs (Note 4).

5. Governance

Room hire
Independent examination and statutory costs
Trustees' meeting travel expenses
2023
2022
-
-
493
493
-
-
493
£
493
£

No Trustees (2022: 0) received reimbursement of their travelling expenses totalling £NIL (2022: £NIL) in relation to their role as Trustee.

6. Fixed assets

6. Fixed assets
Purchase cost (September 2008)
Revaluation (October 2021)
Book value as at 31 December 2022
Gain on Sale of Property (March 2023)
Disposals (Sale of Property)
Book value as at 31 December 2023
2023
Freehold Equipment
Total
premises
£
£
£
227,569
-
227,569
72,431
72,431
300,000
-
300,000
5,000
-
5,000
(305,000)
-
(305,000)
NIL
-
NIL

The freehold premises were occupied by the Charity as a retreat practice centre. During the year 2022 the property was put on the market for sale with an asking price of £300,000. An offer was accepted in July 2022 and the property was finally sold for the sum of £305,000 on 9[th] March 2023.

The Community of Interbeing UK Annual Report and Financial Statements 2023 21

Notes to the Financial Statements for the year ended 31 December 2023 (continued)

7. Debtors
Gift Aid
Other debtors
Prepayments
2023
2022
104,664
120,894
1,722
2,341
106,386
£
123,235
£
8. Liabilities: Amounts falling due within one year
Loans
Deposits received for Retreats
Accruals
2023
2022
-
-
56,677
-
5,266
4,826
61,943
£
4,826
£

9. Reserves adequacy

Much of the Unrestricted fund represents fixed and working assets required by the Charity to carry on its day to day work. The remainder of the Unrestricted fund comprises cash at bank. For the Charity to function successfully, it must maintain an adequate level of Unrestricted reserves that can be used to finance the Charity’s day to day operations and provide a precautionary reserve in case of fluctuations in the future level of income. The Trustees consider it appropriate that the level of precautionary reserve should be of the order of twelve months’ expected future expenditure plus an allowance for property maintenance. At 31 December 2023, the Charity’s bank balances were in excess of £50,000 above this level. The Trustees are satisfied that this situation is satisfactory having regard to the expected pattern of expenditure over the next few years especially the set up costs of future major events and the acquisition of new practice centres.

10. Statutory and general information

This note contains information required to comply with statutory and technical accounting pronouncements:

(i) In relation to the statement of financial activities

None of the Charity’s activities was acquired or discontinued during the current or previous years. Accordingly all of the Charity’s results relate to continuing operations.

As the Charity is a company limited by guarantee, it is required to present an income and expenditure account in its financial statements. The Charity’s Statement of Financial Activities includes all matters that would require inclusion in an income and expenditure account and hence no separate income and expenditure account is presented.

Because the Charity has no gains and losses not disclosed in the Statement of Financial Activities, a statement of total recognised gains and losses for the year has not been presented as this would be the same as the Statement of Financial Activities.

No taxation is payable as the Society is a registered Charity and accordingly is entitled to exemption from taxation on its charitable activities.

(ii) Balance sheet

There are no pension or other contingencies at 31 December 2023 and 2022.

22 The Community of Interbeing UK Annual Report and Financial Statements 2023

Notes to the Financial Statements for the year ended 31 December 2023 (continued)

11. Donations and Subscriptions

Unrestricted Funds

Donations and subscriptions are reported collectively from 2023

Restricted Funds

Restricted Funds
Balance at 01 January 2023
Donations received 2023
Other income
Interest
Applied during the year
Transfer from Unrestricted funds
Balance at 31 December 2023
Comprising
Debtors (GiftAid)
Creditors
Cash
UK Action
Fund for
PV
Vietnam
Dana
Practice
Centre
Fund
Wake Up
Fund
Total
£
£
£
£
£
84,568
14,227
232,264
18,480
349,539
40,352
3,745
81,515
-
125,613
20,658
-
18,162
-
38,820
-
-
3,582
-
3,582
145,578
17,972
335,523
18,480
517,553
(86,368)
(44,836)
(131,204)
-
-
307,306
-
307,306
£59,210
£17,972£597,993
£18,480
£693,656
37,800
3,064
47,900
-
88,764
-
-
-
-
-
21,410
14,908
550,093
18,480
604,892
£59,210
£17,972£597,993
£18,480
£693,656

The net proceeds from the sale of the Being Peace Cottage plus the remaining balance in the Cottage account (a total of £307,306) have been transferred from Unrestricted to Restricted funds.

Prior year comparison:

Balance at 01 January 2022
Donations received 2022
Other income
Interest
Applied during the year
Transfer
Balance at 31 December 2022
Comprising
Debtors (GiftAid)
Creditors
Cash
82,480
11,342
192,852
18,480
305,154
127,088
2,885
47,721
-
177,694
-
-
-
-
-
-
-
290
-
290
209,568
14,227
240,863
18,480
483,138
(125,000)
(8,599)
(133,599)
-
-
-
-
-
£84,568
£14,227£232,264
£18,480
£349,539
54,300
3,194
45,200
-
102,694
-
-
-
-
-
30,268
11,033
187,064
18,480
246,845
£84,568
£14,227£232,264
£18,480
£349,539

The Community of Interbeing UK Annual Report and Financial Statements 2023 23

Notes to the Financial Statements for the year ended 31 December 2023 (continued)

The UK Action Fund for Plum Village (PV) comprises donations given to support the monastic community in Plum Village, France and the European Institute of Applied Buddhism (EIAB) in Germany.

The Vietnam Dana Fund comprises donations given to support Plum Village’s “Humanitarian Relief” programme which offers material and spiritual support to hundreds of communities in the poorest areas of Vietnam where education, development, social services and relief work are in great need to ensure healthy and happy lives for all. The donations received are paid to Plum Village to be spent in Vietnam in the way Plum Village considers best to meet current needs.

The Practice Centre Fund collects donations to finance the acquisition of practice centres for the UK Sangha.

The Wake Up Fund is for donations to support Wake Up, which promotes Thây’s teachings for young people.

24 The Community of Interbeing UK Annual Report and Financial Statements 2023

Independent Examiner’s Report

To the trustees on the unaudited accounts of the Community of Interbeing UK;

I report on the accounts of The Community of Interbeing UK for the year ended 31 December 2023, which are set out on pages 17 to 23.

Responsibilities and basis of report

As the charity trustees of the company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your company’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Since the company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)].

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Alex Chandler ACA Sygma Chartered Accountants 1 Sopwith Crescent, Wickford, Essex, SS11 8YU 21 October 2024