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2024-12-31-accounts

The Community of Interbeing UK

Annual Report and Financial Statements

Year Ended 31 December 2024

Registered Charity No 1096680

Company Registration No 04623280

2 The Community of Interbeing UK Annual Report and Financial Statements 2024

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 one hundred and sixteen registered 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. The Mindfulness Bell can also be accessed on-line and ordered via the website.

We plan to open our practice centre Being Peace in early 2026.

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 2024 3

2024 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:

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&Instagram page) as well as our weekly Dharmabites offerings for members and monthly newsletter (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 2024

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

Regular Practice:

4 The Community of Interbeing UK Annual Report and Financial Statements 2024

Retreats:

The Community of Interbeing UK Annual Report and Financial Statements 2024 5

Events:

6 The Community of Interbeing UK Annual Report and Financial Statements 2024

dissolution of the monasteries is a collective wound, and if so, can it still be healed? Could it be that we have damaged our relationship with the spiritual dimension, and if so, how can we restore it?

Monastic Events

The Community of Interbeing UK Annual Report and Financial Statements 2024 7

into the world with a smile on our face.

Plans for 2025:

Community Engagement and Volunteer Opportunities

We actively sought out volunteers to support our myriad offerings and boost our web and community engagement in 2024. This outreach was essential for us to help our community blossom and expand.

Mindfulness courses

Living Mindfully

8 The Community of Interbeing UK Annual Report and Financial Statements 2024

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 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.

In 2024 we offered additional seminars describing this pathway and giving information on all the courses. We support each of the courses through the facilitation team.

Future plans for 2025 and 2026

In 2025 we are planning to move back to offering more in-person courses, often as weekend residential or nonresidential retreats while continuing offering online courses.

In 2026 we are planning for some retreats to be held at the Being Peace Practice Centre as well as continuing to offer some regionally and on Zoom. We are also planning for some EDI training for Course Leaders in early 2026.

Being Peace Residential Practice Centre

The Community of Interbeing UK Annual Report and Financial Statements 2024 9

Future plans for 2025 and 2026

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 2024

Future plans

10 The Community of Interbeing UK Annual Report and Financial Statements 2024

Publications service

What we do

How what we do provides public benefit

Action taken in 2024

Future plans for 2025-26

Communications

What we do

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.

The Community of Interbeing UK Annual Report and Financial Statements 2024 11

Action taken in 2024

Future plans for 2025 and 2026

12 The Community of Interbeing UK Annual Report and Financial Statements 2024

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 a 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

Actions taken in 2024

Future plans for 2025 and 2026

The Community of Interbeing UK Annual Report and Financial Statements 2024 13

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 2024

Future plans

14 The Community of Interbeing UK Annual Report and Financial Statements 2024

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 2024

The Community of Interbeing UK Annual Report and Financial Statements 2024 15

Charity Information

CURRENT TRUSTEES

Mr Philip Croton Dr Jonathan Edwards Dr Allison Fraser Mr Jake Hoban Ms Phuong Quach 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

AUDITOR

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

16 The Community of Interbeing UK Annual Report and Financial Statements 2024

Annual Report of the Trustees of the Community of Interbeing UK for the year ended 31 December 2024

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 UK are:

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 UK 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 7 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. Trustee directors serving since the last annual report have been:

Ms Liz Beth (appointed 15 February 2020, elected 19 September 2020, resigned 6 December 2024) Mr Philip Croton (appointed 17 April 2020, elected 19 September 2020, re-elected 24 September 2022) Mr Miles Dunmore (appointed 10 May 2024, elected 5 October 2024, resigned 26 May 2025)

Dr Jonathan Edwards (Treasurer, appointed 6 January 2014, elected 24 May 2014, re-elected 23 September 2023) Dr Mary Allison Fraser (appointed 13 June 2025)

Ms Rehena Harilall (appointed 10 May 2024, elected 5 October 2024, resigned 1 November 2024) Ms Janet Hempsall (appointed 13 September 2024, elected 5 October 2024, resigned 16 May 2025) Mr Jachin Boaz Hoban (appointed 18 July 2025)

Mr Kevin Place (appointed 12 June 2020, elected 19 September 2020, resigned 26 April 2024) Ms Phuong Quach (appointed 10 May 2024, elected 5 October 2024)

Mr William Robinson (appointed 10 May 2024, elected 5 October 2024, resigned 24 May 2025) Mr Esteban Ruseler (appointed 10 May 2024, elected 5 October 2024)

Ms Angela Searle (appointed 30 August 2018, elected 29 September 2018, re-elected 5 October 2024)

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

2 Review of Activities

The review of activities is set out in the 2024 Annual Review of activities.

3 Financial Review

Total income for the year was £1,164,571 (2023 £314,405). 2024 was the first year in the history of the Charity where our income exceeded £1,000,000, so a full audit of the accounts and financial statements by a chartered accountant is required. Alex Chandler ACA of Sygma Chartered Accountants has been instructed by the Trustees to carry out the audit and his report appears on page 26 to 28.

Donations from members and supporters responding to our fundraising campaign to raise money for the purchase of a Practice Centre totalled more than £850,000 and account for the large increase in income over previous years.

The Community of Interbeing UK Annual Report and Financial Statements 2024 17

Friendly loans received towards the purchase of a Practice Centre totalled just over £250,000 repayable over 5 or 10 years. These loans appear under “Creditors” on the Balance Sheet but are not included in the annual income. A significant number of donations for Plum Village France were also received during the year, and the Monastic Tour raised £25,656 for the Plum Village France construction fund and £19,694 for the Being Peace Practice Centre fund.

Total expenditure for the year was £385,946 (2023 £262,677). Fundraising, management, planning, legal and set up costs for the Practice Centre amounted to just over £136k, and donations totalling £55,656 were sent on to Plum Village France. Wages and Contractor costs accounted for 47.7% of the total expenditure; the Charity employed one member of staff during 2024 and purchased administrative and technical services from several contractors, see Note 12 for details. Much work is also undertaken for the Charity by volunteers who receive no payment other than reimbursement of expenses necessarily expended for their duties.

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 trustees recognise their responsibility to maintain robust safeguarding arrangements across all activities. The charity’s child protection and safeguarding policies and procedures are regularly reviewed to ensure they remain appropriate and effective. During 2025, the trustees reported to the Charity Commission a safeguarding matter that arose in 2024 following further review. The matter remains under consideration, and the trustees have initiated additional training and policy reviews to strengthen governance and safeguarding practice going forward.

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, and accident cover for our volunteers. The insurance policy covers all of our events (including major retreats and walking events for example) and Trustee liability. Events organised by regional and local sanghas affiliated to the Community of Interbeing UK are covered by our Public Liability Insurance.

5 Format of Financial Statements

The report and accounts have been prepared in accordance with the Charities SORP (FRS 102) and the Companies Act 2006.

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

28 October 2025

18 The Community of Interbeing UK Annual Report and Financial Statements 2024

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024

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
12
Educational events & publications
3
Donations, bursaries and expenses
11
Administrative costs
4
Contractor costs
12
Governance costs
5
Net incoming/outgoing resources
11
Balance brought forward at 1 January
Balance carried forward at 31 December
INCOMING RESOURCES
Voluntary income:
Subscriptions
Investment income:
From charitable activities
Total incoming resources
EXPENDED RESOURCES
Costs of generating voluntary income
Net movement of funds
RECONCILIATION OF FUNDS
Wages & associated costs
Marketing & Communications
Cost of charitable activities
Total resources expended
before transfers
Transfers
Unrestricted
Restricted
Total
Total
funds
funds
2024
2023
-
-
-
58,266
927,209
985,475
180,725
-
-
-
-
-
-
-
-
-
5,000
1,135
16,174
17,309
5,036
-
-
116,437
45,350
161,787
123,644
-
-
-
-
175,838
988,733
1,164,571
314,405
24,394
24,394
23,517
1,221
-
1,221
1,416
-
-
-
-
71,443
-
71,443
90,840
24,006
75,061
99,067
131,558
29,275
-
29,275
14,852
42,419
117,265
159,684
862
-
862
493
193,620
192,326
385,946
262,676
(17,782)
796,407
778,625
51,728
-
-
(17,782)
796,407
778,625
51,728
219,330
693,655
912,985
861,258
201,548
£
1,490,062
£
1,691,610
£
912,985
£

The Accounting Policies and the Notes on pages 20 to 25 form part of these Accounts.

The Community of Interbeing UK Annual Report and Financial Statements 2024 19

BALANCE SHEET AT 31 DECEMBER 2024

Unrestricted Restricted Total Total
Notes funds funds
2024 2023
TANGIBLE FIXED ASSETS 6 - -
CURRENT ASSETS
Stock of publications 3500 - 3,500 3,689 3,500 3,689
Debtors 7 25,542 101,710 127,252 106,386 101,710 127,252 106,386 101,710 127,252 106,386
Cash at bank and in hand 213,677 1,639,201 1,852,878 864,853 213,677 1,639,201 1,852,878 864,853 213,677 1,639,201 1,852,878 864,853 213,677 1,639,201 1,852,878 864,853
242,719 1,740,911 1,983,630 974,928 242,719 1,740,911 1,983,630 974,928 242,719 1,740,911 1,983,630 974,928 242,719 1,740,911 1,983,630 974,928
CURRENT LIABILITIES
Amounts falling due within
one year 8a 41,171 41,171 61,943 41,171 61,943
NET CURRENT ASSETS 201,549 1,740,911 1,942,460 912,985 201,549 1,740,911 1,942,460 912,985 201,549 1,740,911 1,942,460 912,985 201,549 1,740,911 1,942,460 912,985
Creditors 8b 250,849 250,849 250,849 250,849
NET ASSETS £201,549 £1,490,062 £1,691,611 £201,549 £1,490,062 £1,691,611 £201,549 £1,490,062 £1,691,611 £912,985
Represented by:
FUNDS
Unrestricted £201,549 - £201,549 - £201,549 £219,330
Restricted 11 -1,490,062 1,490,062 693,655 1,490,062 1,490,062 693,655 1,490,062 1,490,062 693,655 1,490,062 1,490,062 693,655
TOTAL FUNDS £201,549 £1,490,062 £1,691,611 £201,549 £1,490,062 £1,691,611 £201,549 £1,490,062 £1,691,611 £912,985

The Accounting Policies and the Notes on pages 20 to 25 form part of these Accounts

Approved by the trustees on 28 October 2025 and signed on their behalf by:

Dr J Edwards Trustee and Director The Community of Interbeing UK

20 The Community of Interbeing UK Annual Report and Financial Statements 2024

Notes to the Financial Statements for the year ended 31 December 2024

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 Charities SORP (FRS 102) (as amended by Update Bulletin 2), 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
2024
2023
90,138
72,407
54,029
38,820
17,068
12,417
161,235
£
123,644
£

(i) Reported as net income for 2023/4 and applied to restricted funds (2024 - £8679 unrestricted)

3. Expenditure on educational events and publications

Retreat, Courses (and Being Peace Cottage expenditure pre 24)
Course leader fees, event coordinator, Dharma teacher dana & expenses
Books, other publications & bells
2024
2023
55,270
79,569
42,419
16,173
11,271
113,862
£
90,840
£

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

The Community of Interbeing UK Annual Report and Financial Statements 2024 21

Notes to the Financial Statements for the year ended 31 December 2024 (continued)

4. Admininstration costs

Bookkeeping and accountancy
Insurance
Website, Zoom and other IT costs
IT Fees for processing donations (ii)
Bank charges & other administrative costs
Extraordinary costs (2024 Peace walk and film)
Project cost salary (2024 PV UK IT support)
2024
2023
443
410
1,370
1,135
8,580
9,590
11,193
3,211
2,455
505
3,965
1,269
-
29,275
£
14,852
£

(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 2024, the employment costs 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
2024
2023
-
-
553
493
309
-
862
£
493
£

3 Trustees (2023: 0) received reimbursement of their travelling expenses totalling £309 (2023: £NIL) in relation to their role as Trustee Director.

6. Fixed assets
As at 1 January
Gain on Sale of Property (9th March 23)
Disposals (sale of property)
As at 31 December
2024
2023
Freehold Equipment
Total
Freehold Equipment
Total
premises
premises
£
£
£
£
£
£
-
-
-
300,000
-
300,000
-
-
-
5,000
-
5,000
-
-
-
(305,000)
-
(305,000)
-
-
-
-
-
-

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.

22 The Community of Interbeing UK Annual Report and Financial Statements 2024

Notes to the Financial Statements for the year ended 31 December 2024 (continued)

7. Debtors
Gift Aid
Other debtors
Prepayments
8a. Liabilities: Amounts falling due within one year
Loans
Deposits received for Retreats
Accruals
8b. Liabilites
Friendly Loans Practice Centre (Abenhall)
5 year friendly loan
10 year friendly loan
2024
2023
118,960
104,664
8,292
1,722
2024
2023
118,960
104,664
8,292
1,722
127,252
£
106,386
£
2024
2023
-
-
14,539
56,677
26,631
5,266
41,170
£
61,943
£
60,000
190,849
250,849
£

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 2024, 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.

The Community of Interbeing UK Annual Report and Financial Statements 2024 23

Notes to the Financial Statements for the year ended 31 December 2024 (continued)

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 2024 and 2023.

24 The Community of Interbeing UK Annual Report and Financial Statements 2024

Notes to the Financial Statements for the year ended 31 December 2024 (continued)

11. Donations and Subscriptions

Restricted Funds

Balance at 01 January 2024
Donations received 2024
Other income (Monastic Tour 2024)
Interest
Applied during the year
Transfer
Balance at 31 December 2024
Comprising
Debtors (GiftAid)
Creditors
Cash
UK Action
Fund for
PV
Vietnam
Dana
Practice
Centre Fund
Wake Up
Fund
Total
£
£
£
£
£
59,210
17,972
597,993
18,480
693,655
68,929
4,943
853,338
-
927,209

25,656
-
19,694
-
45,350
-
-
16,174
-
16,174
153,795
22,915
1,487,198
18,480
1,682,388
(55,656)
(136,670)
(192,326)
-
-
-
-
£98,139
£22,915
£1,350,528
£18,480
£1,490,062
37,870
3,940
59,900
-
101,710
-
-
-
-
-
60,269
18,975
1,290,628
18,480
1,388,352
£98,139
£22,915
£1,350,528
£18,480
£1,490,062

During the year, the "Practice Centre" restricted fund drew down £250,849 of "friendly loans" at 0% to purchase a practice centre in 2025. These loans are shown on the balance sheet but not in "cash £60,000 of these loans (from 3 people) are to be repaid within 5 years (31/12/29) and £190,849 (fro 6 people) are to be repaid within 10 years (31/12/34). The loans are from members of the COI, are and will be repaid from the Practice Centre restricted funds income at the end of their term.

Prior year comparison:

Balance at 01 January 2023
Donations received 2023
Other income (Monastic Tour 2023)
Interest
Applied during the year
Transfer
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
£693,655
37,800
3,064
47,900
-
88,764
-
-
-
-
-
21,410
14,908
550,093
18,480
604,891
£59,210
£17,972
£597,993
£18,480
£693,655

The Community of Interbeing UK Annual Report and Financial Statements 2024 25

Notes to the Financial Statements for the year ended 31 December 2024 (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.

12. Wages and Contractor Costs

Reported separately from expenses starting from 2024

Restricted 2024
Contractor Costs
Being Peace Contractor Costs £107,673.00
Abenhall appraisal contractors and associated expenses £9,592.00
Total Restricted Contractor costs £ 117,265
Unrestricted 2024
Wages & Associated costs
Salary £17,776.00
Pension £995.00
NI £2,473.00
Office £2,718.00
Payroll admin £432.00
Total Wages & Associated Costs £24,394.00
Contractor Costs
Event Coordinator £11,280.00
Dharma Teacher (and trainee) dana (gifts) and expen £4,359.00
AOZ Course leader fees £21,870.00
AOZ Course Coordinator £4,256.00
Book Service Commission £654.00
Total Contractor Costs £42,419.00
Total Unrestricted Wages & Contractor Costs £ 66,813

Thè Community of lrterbeing UK Annual Repjrtand Finanoal Slalemenis 2024 Report of the Independent Audltors to the Trustees of The Communlty of Interbeing UK Opinion We have audited the financial statements of Thecommunity of Interbeing UK {the'charitable company,) for the year ended 31 December 2024 which comprise the Income Statement, Balance Sheet and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom Acwunting Standards, including Flnancial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland, Iunwted Kingdom Generally Accepted Accounting Practice). In our opinion the financial ststements- give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its profit for the year then ended; have been properly prepared in accordano with United Kingdom Generally Accepted Accounting Practice. and have been prepared in accordan￿ with the Chorities SORP {FRS 102), United Kingdom Generolly AcceptedAccounting Proctice. and the Compt7niesAct 2006 and the Chorities Act2011, Basls for opinion We conducted our audit in accordante with International Standards on Auditin8 IUKI {ISAs IUK)) and applicable law. Our responsibilities under those Standards a￿ further described in the Auditors, responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC'S Ethical Standard. and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basi5 for our opinion. Concluslons relatlng to going concern In auditing the financial statements, we have concluded that the Trustees. use of the going con￿rn basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may rd5t significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial Statements are authorlsed for issue. Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. Other Informatlon The Trustees are responsible for the other information. The other information comprises the information in the Report of the Trustees, but does not include the financial statements and our Report of the Audrtors thereon. Our opinion on the financial statements does not coverthe other information and, exceptto the extent otherwise explicitty stated in our report, we do not express any form of assurance conclusion thereon. In connection with our audlt of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we Identify such material inconsistencie5 or apparent material misstatements. we are required to determine whether this gives rise to a rnaterial misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there 15 a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

The Comrnunity of lrtetbeh¥J UK Anrtual Report and Financial Sta1￿￿ents 2x124 27 Oplnlons on other matters prescrlbed by the Companies Art 21X)6 and the Charltles Act 2011 In our opinion, based on the work undertaken in the course of the audit: the information 8iven in the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and the Report of the Trustees has been prepared in accordance with applicable legal requirements. Matters on which we are requlred to report by exception In the light of the knowledge and understanding ofthe charitable company and its enwronment obtained in the course of the audit, we have not identified material misstatements in the Report of the Trustees. We have nothing to report in respect of the following matters where the Companies Att 2006 and the Charities Act 2011 requires US to report to you if, in our opinion- adequate accounting records have not been kept, or returns adequate for our audit have not been received from branthes not visited by us: or the financial statements are not in agreement with the accounting records and returns; or certain disclosures of Trustees. remuneration specified by law are not made.- or we have not received all the information and explanations we require for our audit,, or the Trustees were not entitled to prepare the finanaal statements in accordance with the small companies regime and take advantage ofthe small companies, exemption from the requirement to prepare a Strategic Report or in preparing the Report of the Trustees. Responsibilities of Trustees A5 explained more fully in the Statement of Trustees, Responsibilities, the trustees are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such Internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material mlsstatement. whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charitable companws ability to continue as a going contern. disclosin& as applicable, matters related to going concern and u5in8 the going concern basis of accounting unless it is inappropriate to presume that the charitable company will continue in operation. Auditors, responsibilities for the audit of the finandal statements Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a hi8h level of assurance, but is not a guarantee that an audit conducted in accordance with ISA5 (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our pra￿dureS are capable of detecting irregularities. includin8 fraud is detailed below: The extent to whlch our procedures are capable of detecting irregularitie5, including fraud Based on our understandin8 of the charitable company and its environment, we identified the principal laws and regulations that dirertly affect the preparation of the financial statements as those relating to the reporting framework (including the Charities SORP IFRS 102) and the Companies Act 2LN)6), the Charities Act 2011, taxation. and employment law. We assessed the extent of compliance with these laws and regulations as part of our audlt protedures.

28 The Community ol Int•being UK Annual Re￿and FiTrancBI Stat¢nwts 2024 We also considered those laws and regulations that do not have a direct effect on the financial statements but compliance wlth which may be fundamental to the charitable CoMpan￿S ability to continue its artivities or to avoid material penalties. We assessed the su5￿ptIbl4ity of the charitable compan*s financial statements to material misstatement, Includlng how fraud might occur. and held discussions among the auditteam reEarding where fraud might arise. Audit procedures perfornied included inquiries of management and trustees, analytical revlew. and substantive testing of transactions and balance Our audit procedures were designed to respond to risks of material misstatement in the financial Statements, whether arisinE from fraud or error. However, our audit should not be relied upon to identify all irregularities that may exist. A further description of cur responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at wv￿.frc.org.Uk/3ud1torsreSponsIb1jItIe5. This description forms part of our Report of the Auditors. Use of our report This report is made solely to the charitable companrfstrustees, a5 a body, in accordance with Chapter 3 of Part 16 of the Companies Art 2(K16. Our audit work has been undertaken so that we rnight state to the charitable companvs trustees those matters we are required to State to them in an 3uditorfs report and for no other purpose, as a body. in accordance with Chapter 3 of Part 16 of the Companies Act 2006 and the Charitie5 Act 2011. Ouraudit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in a Report of the Auditor5 and for no other purpose. To the fullest extent permitted by law. we do not accept or assume responsibility to anyone other than the charitable company and the charitable company'5 members as a body, for our audit work for this report, or for the opinions we have formed. andler ACA Sy8ma Chartered Accountants I Sopwith Crescent Wickford Essex Ssll 8YU Date.. 28 October 2025